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Please cast your vote.
I'm hard pressed to think he is legit given all his time spent on responding to comments that are irrelevant to his "investigation". Anyone who takes on such a task would be hard pressed for time and would not dabble in such nonsense at any level.
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This was the oldest, longest standing bitcoin eWallet site in existence. It had a strong record of stability. It had been around nearly since the beginning of bitcoin itself. People who trusted using an eWallet at all... trusted it. It had 10s of thousands of account holders. Some of the smartest, most reputable, long-standing bitcoin community leaders used it. So, before you "trusted" your money to mybitcoin.com, recommended to personal friends that they trust "mybitcoin.com", and recommended mybitcoin.com to people online, you spent +/- $2000 to fly down and meet the people behind it ... right. I think you need to look up the word trust. The second day I got into bitcoin I knew it mybitcoin.com was bad news and pulled everything out of mybitcoin.com. The damage you have done to bitcoin is immeasurable. Yeah I expected more from Bruce from a security stand point. I do remember him emphasizing securing your passwords for multiple websites that are sensitive in nature that relate to bitcoin. Why he would leave an open door to be taken advantage of like this I cannot understand especially with an amount of bitcoin as 25k. That's the equivalent of taking $250,000 of your own money and saying let me store it in someone else's bank account in which they have the authority to access the funds at will and I trust them. No one in their right mind would ever let some unknown/faceless person you never met store your $250k in THEIR bank account. And on top of that the recommending of using the same process to others to store their bitcoins and countless worth in dollars is like 10 times worse. The first thing I would have done is taken the 25k bitcoins and broken them up into 1k lots and stored them in separate wallets on separate jump drives that have duplicates store off site of where I am at locked up in a safe (not the bank of course). Decentralization of the storage of your bitcoins is probably the best idea one can use to protect their investment. |
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@Matthew N. Wright
you are fucking annoying! and your posts are spam, they are all over the forum, and i don't even care about reading them anymore.
please if you really want something good to the community, STOP SPAM THE FORUM!
Point taken. Annoyance agreed. Sincerist apologies. It was a completely ill-thought out move on my part that I almost instantly regretted (I'm a spontaneous person and that is why I have such a good imagination for building things, but it REALLY screws me over sometimes too). I am not at war with anyone here, I am at war with myself to become who I need to be, in order to be useful. When more people start lending a hand in the forum to help change each other instead of pushing them away, more people like me with actual talents to make things will come in. Until then, I'd say I've done an outstanding job of showing my passion for Bitcoin by even STILL being on this forum at this point  ONE SHOULD NOT PAT ONE'S SELF ON ONE'S BACK. GET BACK TO WORK DUDE! |
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I have been baffled from the very start why anything I am doing could be even remotely constrewed as a scam. I hear the "qualifications" argument, and it hits close to home. I'll work on that one, because I have a passion for my work. I hear the "unprofessional" or "rude" argument. Brought on by the public's own actions, but hey, needs work too! I'm on it!
What I don't understand is how I went from sitting up all night long on a conference call with multiple people in the Bitcoin community going over this idea with them and having them all say "Fucking fantastic, do it!" to almost EVERYONE in the community associating my with the likes of spreadsheet game runners.
Does no one know that I am a good programmer and earn my reputation painfully? Does no one realize I am the one who made BIT-FU, all in Jquery, by hand? Does no one know that I have at least 10 years of business experience-- INTERNATIONALLY? Does no one understand that I'm still virtually new to Bitcoin and am just a caring person who wants to be USEFUL?
Am I taking crazy pills or is EVERYONE completely likeminded and biased from the start against anything that smells like its potentially useful, unless THEY made it??
If the op is even remotely depressed, how the hell do you think it makes me feel? These are all human beings here, who have total control of what they want to think and say, and are choosing to bite at me like I was some kind of a rabid dog, out to ruin Bitcoin for everyone. What in god's name is wrong with this community? I come from a community of developers where when Joe makes a program, everyone says "Good job Joe! Let's work together to make that better!". Here it's like, Joe makes a program and there are 3 responses.
"Fuck you Joe"
"That's never going to succeed"
"Thanks for making that, I really appreciate it, that's why I'm going to steal it and call it my own"
Wow. Just wow. /end rant
In a moment of absolute honesty, once the clock hits midnight, I do get way too vocal and liberal with my communications and should probably refrain from even posting past that hour (it's 1am now for a prime example).
Once again I question your reliability given your constant responses to nonsense. If you are doing what you say you are doing then you don't have time for this type of bullshit and would ignore it and get on with the tons of work you claim to have ahead of you. Seriously prove us all wrong... |
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Would you guys just stop crying about the price.
Watch as in the next week the price will rebound.
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Let us know if you find the guy who is responsible for mybitcoin.com, until then please stop acting like UABB is something to be trusted or that people should rely on to solve such matters.
Anyone else want to take charge of any kind of gathering of information and provide backup funding for an investigation? Okay, right. So I guess I keep doing what I'm doing then. Thank everyone for being constructive and useful and allowing us all to move in an unbiased, forward direction. Oops. ...and remember folks... He wants funding for his 6 day old non profit startup that is completely anonymous but does ask for personal information (affidavits) from other bitcoiners about how they were scammed from mybitcoin. Sure thing Mr Anonymous. Ill get that right to you both my money as a donation and my personal info so you can steal more at a later date. As I said before. This a scam. I hope the intelligent members of this forum will understand my reasoning behind not continuing this conversation any farther. You've gone around in circles continuously, putting words in my mouth and twisting facts to try to make your arguments validate in your uneducated mind (what kind of mental acrobatics must you be doing in there?). For those actually interested in what I, or the organizations I have started, are doing, stay tuned for updates. As always, the information is readily available. Of course, people will always come to their own conclusions on things, but I keep doing the right thing anyway. Nice try though, I'm not going anywhere. Matthew N Wright As I said come back and show us your efforts once the perp is found and brought to justice. All your responding is wasted time on a matter in which you considered so important to upstart an organization to handle issues like these. Better get to work and stop arguing with your opposition or else failure is around the corner. |
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Bruce in all honestly how confident is Ed in Bitcoin/OnlyOneTV at this point?
We are both more confident than ever in Bitcoin... and in OnlyOneTV. You guys didn't notice that we taped 5 shows on Saturday.... including one Bitcoin Show (in Spanish). We have two (minimum) Bitcoin Shows planned for tomorrow. ....and an Invasion Android (en Espanol). I will be watching =) |
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This place is getting more like high school every day, with multiple service operators now acting like butthurt teenagers whenever they don't like a question about or a comment on their service.
Y'all need to grow up and behave like business professionals if you want the trust of the community instead of reacting like spoiled toddlers whenever someone criticises your precious ideas.
Amen. |
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Let us know if you find the guy who is responsible for mybitcoin.com, until then please stop acting like UABB is something to be trusted or that people should rely on to solve such matters.
Anyone else want to take charge of any kind of gathering of information and provide backup funding for an investigation? Okay, right. So I guess I keep doing what I'm doing then. Thank everyone for being constructive and useful and allowing us all to move in an unbiased, forward direction. Oops. No one elected or ask you to take charge of anything. If you want to take charge of that then great. Show us all how useful your newly created organization is once the perpetrator has been found and brought to justice. |
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Suffice to say, you won't be buying anything from stores and/or using services that you see the UABCI logo on? Or the UABB logo for that matter? Would you mind stating that here so we can have a record of it?
Matthew N. Wright
Matt, I don't want to be negative, but you trying to inject a regulatory agency, even one with no actual power, into this den of 'anarcho-capitalists' is probably in vain. edit: If you are honest in your intentions, remember that you are a guppy of common sense swimming upstream a river of stupid and half-planned ideas. Yeah I am not buying the UABB thing either. Establish some reputation then come and advertise yourself in such matters as an investigation of wrong doing. Let us know if you find the guy who is responsible for mybitcoin.com, until then please stop acting like UABB is something to be trusted or that people should rely on to solve such matters. |
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Bruce in all honestly how confident is Ed in Bitcoin/OnlyOneTV at this point?
There has only been one show since last week that was done by Manny which was on Monday about batteries or something. The halt in show episodes as a whole at onlyonetv is somewhat hard to not notice. Hopefully they are okay. |
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I'll be interested to hear about how this goes... sadly I can't go as I have to work, but I wish I could.
Me too. I would have to bring my entire family to go. Would be fun next year though. |
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OK. Pop Quiz.
A couple weeks ago a gentleman posted on the boards that he had created a bitcoin bond and was selling it at a price which guaranteed a very high annualized return. My immediate question was: Did you include your name, address, phone #, soc sec#, or other information that would allow me to sue you if you do not pay? The answer was (paraphrased) "No, I am conducting an experiment to see if folks will trust an anonymous internet identity."
Question: Should you invest?
......
Answer: Of course not. That would be silly.
However, folks did buy those bitcoin bonds! I think that is pretty much what this thread is about.
I cannot imagine giving a penny to anyone without confirming their real world identity unless I was prepared to lose that money.
Folks are saying that they were fooled because mybitcoin.com had a good reputation. I have some sympathy for these folks (although I think they are far more trusting than I am). The reputation of a site is built on the reputation of the folks behind it or the folks recommending it. Considering that we do not even know for sure who was actually running mybitcoin.com, I will assume it was the latter that built the "falsely positive reputation" that folks depended on.
Which brings me to Bruce Wagner. I like Bruce. I like his show and his enthusiasm. He seems pretty smart, too. But the idea that he referenced a service without confirmation of real identity is very hard to understand. It is one thing to take such a risk yourself. It is quite another, especially if you are an expert with a reputation, to be advising others without full disclosure of the risks. I really hope Bruce was clear about those risks or, frankly, I would have a hard time showing my face around here again if I were him.
In conclusion, Bruce and anyone else who mentioned mybitcoin.com, without stating that they have not personally confirmed the trustworthiness of that site, should regret that they did that and should refrain from doing that for other services in the future.
Well said. |
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Storing your wallet in a safe way (both against theft and loss) is not exactly easy nor user friendly at the moment. Even for the tech-savy it's hard. Please contribute to solving this problem instead of kicking dead horses...
I can provide backup of your wallet on 3 different dedicated server, hosted in 3 different datacenters ( wether you are an individual or an exchange ) . For trust concerns you can check my gpg Wot and my otc ratings more on my bitcoin services : http://bitcointalk.org/?topic=1687.0Seriously stop spamming this sh*t on the mybitcoin threads. We heard you the first time. Oh and put a shirt on please  |
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Keep in mind that there are much less namecoins in existence than bitcoins and that will stay that way for some time plus namecoins have another usage that bitcoins currently do not. They can register domain names in a decentralized way. You own the domain and no one can take it away from you.
You are preaching to the choir here I have taught myself monetary history and systems before I knew about bitcoin. I did it because I was watching some asshole politican named Ron Paul say this monetary system is evil it transfers wealth from the poor and middle class to the rich. When do one refuted his statements in the debate I decided to learn who this asshole was. Turns out Ron Paul was not an asshole but the only good guy and I learned that I knew nothing about money and how it worked. From that day forward in Oct 2007, read and read and read and learned like a rothchild jr everything I could about money and it's mechanics. Thus I know the weakness of bitcoins is that it's not needed for anything else thus as a currency it must circulate or die but since it's not like any other currency the same rules may not apply. Davinci, Some people overlook that fact that we are at a much higher difficulty rate at block 18k in namecoins than bitcoins were at when they were mining at 18k (probably when only Satoshi was around). Thus this puts a huge volatility factor on the entire namecoin network. Currently the entire market cap of namecoins compared to the market cap of bitcoins is 0.379% and there are about 8 times more bitcoins than namecoins. Any small amount of bitcoins were to change over to namecoins and the price on the exchanges would go to the moon really fast. We'll see how things play out... |
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Why should anyone mining namecoins with the current difficult/price ratio instead of mining bitcoins ?
Same reason people mined Bitcoins a year ago when it was unprofitable. Not the same situation at all. That days you couldnt mine another XXCoin with less difficult/price ratio to buy BTC with. Keep in mind that there are much less namecoins in existence than bitcoins and that will stay that way for some time plus namecoins have another usage that bitcoins currently do not. They can register domain names in a decentralized way. You own the domain and no one can take it away from you. You can also register .bit domains with bitcoins because you can change them for namecoins. The point here is that with the same amount of mhash/s you can get more namecoins by mining bitcoins and trading them for namecoins than mining namecoins. You are correct. But how long will it last that you can mine for BTC and exchange for more namecoins than mining them and secondly how long do you think the price will stay in a range that is affordable for one to exchange bitcoins to namecoins without taking a "loss" in dollar terms? Time is a ticking away... |
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Then how about just a backup-insurance service? You use TrueCrypt, a publicly distributed open source encryption program, to encrypt your wallet with Serpent-TwoFish-AES, then you transmit it over HTTPS to the service where it is backed up in 3 physical locations same day.
I highly doubt there will be a trust issue. Then by all means start the service and see how much business you get following the series of bad-press events occurring around bitcoin. See how many people trust you. If I were serious about making a service like this, it's only natural I'd be seeing how many people trust me, wouldn't I? Your "about us" link on the left side of your website appears to be broken. |
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Then how about just a backup-insurance service? You use TrueCrypt, a publicly distributed open source encryption program, to encrypt your wallet with Serpent-TwoFish-AES, then you transmit it over HTTPS to the service where it is backed up in 3 physical locations same day.
I highly doubt there will be a trust issue. Then by all means start the service and see how much business you get following the series of bad-press events occurring around bitcoin. See how many people trust you. If I were serious about making a service like this, it's only natural I'd be seeing how many people trust me, wouldn't I? The way you are going it sure sounds like you are serious. My point was that the service you talk about is and should be the responsibility of each bitcoin user to backup their own wallet file. |
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There is no reason for us to be "poking" around in it. The minute it arrives it is pull downed offline and stored away.
That's...not really the point..... You could say the same thing for the owner of MyBitcoin.com. He has no reason to go poking around either, and we have yet to see if he actually did or not but still... Judging on this alone, I can tell you right now that no company that backs up consumer wallet files on remote servers, regardless of how secure they may be, would ever receive accreditation from the UABB unless the wallet files were encrypted BEFORE transmitting to the service. It's nothing personal to your intentions mind you, it's just common sense. Why wouldn't you look and why would you look have the same amount of equal arguments. It's best to erase the possibility of looking altogether. You'll have to learn (or hire someone) to take apart the TrueCrypt code and make a client of your own for people to be able to download (or just have them use TrueCrypt) if you expect to be taken seriously in the current nervous climate. Matthew N. Wright Will of course the owner of Mybitcoin took off with the coins! It would take one time of that and our service is dead on arrival what is the point? So I guess no service is to be trusted I suppose it makes sense. We don't back it up to a server ? I hear you what your saying! Thanks for the feedback  Dude, don't listen to that guy. The "UABB" is just something he made up to feel important. Anyone who trusts the "UABB" is a fool. Do your own service and build up your own reputation by your own good customer service. Agreed. And backup your own damn wallets yourself! |
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