I'm not sure how you expect me to respond to this.

I continue to work with bitqyck because I make recommendations, and they have established a pattern in the last couple of months of following them. I don't know what's in their heart, but I know what my intentions are. As I said, I'm not invested in bitqy, not because I don't think it has no potential, but because I want to avoid any appearance of impropriety.

We're in a phase of blockchain development where, yes, there is still fertile ground for innovation, but there has been paved a way for application and distribution of existing refined technologies. Bitqyck largely falls into that latter category. Creating a rewards token isn't hugely innovative, and neither is using a blockchain to secure ownership in a corporation, but it is a smart application of the technology, and it introduces a layer of transparency to corporate governance that (and the bitqyck guys may not like me saying this publicly) has historically been lacking in many network marketing organizations through modern history.

I see a proper application of blockchain technology to this effort as a (yes, lucrative) path to algorithmically enforcing business ethics. This is a vision the founders of bitqyck have, at least to me, have expressed strong agreement with.

Hello, all.

It's been a busy week. I heard that my name was mentioned on this thread, but I hadn't had a chance to respond to it in a timely fashion.

To clarify my involvement, everything I wrote in my blog post was true, at least to the extent that I understood things from the perspective of a vendor with a severed relationship and limited insight into bitqyck's inner workings without me.

About two months ago, one of the founders of bitqyck reached out to me on a technical matter (unrelated to cryptocurrency) and expressed a desire to address several of the issues I raised in my blog post as well as other technical questions that are starting to arise during the day-to-day operations of the company.

About a month into periodic discussions, we engaged in a contractual relationship in which I've served as a technical consultant (via my agency) on several initiatives, including interacting with public exchanges, helping craft technically accurate sales verbiage, and general matchmaking between other clients of mine in the local startup community.

When we engaged, I told them I'd be happy to lend a hand and work in the background. I'd even be happy to act once again as a spokesperson of the token again if they'd agree to an independent legal and technical review of the solidity code for the ERC-20 token. This is a process that is still underway. I don't have any doubt, given my ongoing interactions with the founders and the new management team, that their intentions are to build a sustainable company and to break new technical boundaries in the process.

As I talked about in my blog post, what drew me to this project was their willingness to apply theoretical concepts of the Digital Autonomous Organization as a practical matter. Given the state of blockchain right now, it's not something that could (or should) be done in one leap. The original architecture and token roadmap I worked with the founding team is still the current roadmap. One of my goals in working with them over the next few weeks and months is to help them document and share that roadmap publicly.

I hope this clarifies things. I understand the reticence of the geek community to embrace anything that remotely sounds like network marketing, but for what it's worth, to me the core team involved with the bitqy token have demonstrated an earnest desire to do things the right way.

By way of disclosure: I still own no bitqy, and my company is paid in plain ol' US fiat for my work with bitqyck. I told them I'd accept Bitcoin, but given the bull run it's on this month, I'm guessing they're wanting to HODL.

I arrived on this thread through http://mmpool.org/, so that's another pool.

Thanks chief. Very much appreciated.

Consider yourself lucky.

Yeah - not sure why, but Google buried the results below the official threads and other unrelated sites when I looked prior to using it.

I don't know why this didn't pop up when I initially researched the site. Just lost 2.3+ BTC today to this site.

I made a reddit post on this topic.

You can upvote it here if you're so inclined: http://www.reddit.com/r/Bitcoin/comments/1y7upu/bitcoinvanityappspotcom_is_not_secure_and/

I just lost 2.3 Bitcoin I had stored on an address generated with this service.

Edit: I don't know why this didn't pop up when I initially researched the site. Just lost 2.3+ BTC today to this site.

I made a reddit post on this topic.

You can upvote it here if you're so inclined: http://www.reddit.com/r/Bitcoin/comments/1y7upu/bitcoinvanityappspotcom_is_not_secure_and/

Here's the blow by blow:

Oh the blessings and curses of irreversible transactions. I'll be honest - this one stings a bit.
I have some pretty damning circumstantial evidence that bitcoinvanity.appspot.com is skimming the private keys of their users, and transferring away Bitcoin from those who create addresses on their service.
Here's the sequence of events:
1) Over the weekend, I decided I wanted to create some vanity BTC addresses for myself and family (because, hey, if those 1Enjoy 1Sochi bitspammers get one, why not me?).
2) Of the several addresses I created, on of them was a goof account (1FartsVaXCqT8MAJxAjTwrfz3UAXqVKbCh).
3) I imported the vanity addresses into my hot-wallet on Blockchain.info.
4) I swept an old, non-vanity address where I kept change from purchases into the new vanity address
5) I messaged a buddy of mine, joking that I was going to bitspam the world with 1Enjoy 1Farts, and showed him the address.
6) He replied back "Whoa, looks like there was once 2.36244159 BTC in there."
7) As soon as I see it, my stomach sinks, because that BTC should not be in the past tense.
I log into Blockchain.info, and notice that the BTC is 8 confirmations away from a wallet address I control, having been transferred to 1JMPsVyyCrLt8xRSiBypG6JKawsUVTGjKy.
I rang up my aforementioned buddy (a BTC veteran) diagnosed the possibilities:
1) My blockchain.info account has been compromised. I determine this to be unlikely, since only the contents of that vanity address have been swept, not the entire wallet.
2) Blockchain.info may have erroneously swept the address into another holding address. That's possible, since it says the transfer occurred on a BCI IP adress.
3) The vanity address generator I used (https://bitcoinvanity.appspot.com) has been compromised. I haven't seen anything on the web indicating that, but it's the most likely thing, since it's the only address that's been compromised in my wallet. I'm 100% certain my traffic wasn't packet-sniffed since I created the vanity address on my home network, which is highly-engineered and secured by me. I'm on a Chromebook that I regularly check for malware, so I'm not being keylogged. The only vulnerability is the obvious one: the service.
I'm hoping and praying, at this point, that it's #2, and BCI can fix it, but I know that I've been scammed, and it was stupid to put a non-trivial amount of BTC into a newly created address that's possibly insecure... I know in the pit of my stomach that it's #3.
I ping a few people I know that can fast track my ticket at BCI, and get directly in touch with Mandrik of Blockchain.info, who was very apologetic as he confirmed what I suspected.
He pointed me to a discussion I'd missed in my research on the vanity address service that described what had happened to me. I noted that the transaction showed that it was relayed by BCI, but as I suspected and he confirmed, that meant very little:
"There really isn't anything we can do if the funds really were stolen, whether the transaction was relayed by us or not. Anyone can relay a transaction through our site, but they could just as easily do it from any other wallet app. They could easily import any private key across multiple wallets if they wanted to, too. If these funds were stolen, then they are essentially gone forever. The only person who can return them is the one who has access to the key the funds were sent to."
At some point, I'll probably pursue some legal action against this company (there is a British corporation listed, according to a friend I was just on the phone with). I haven't had the time to contemplate or investigate my options - this all happened over the last couple of hours.
Here's the lessons to take away from this one:
1) Don't trust third-party services (free or paid) with non-trivial amounts of coin unless they have a seriously impeccable reputation.
2) Blockchain.info customer service is pretty bad-ass, but they're not miracle workers. Irreversible transactions are irreversible.
3) If you're using a third-party service where you're risking non-trivial amounts of money, and you have a seed of doubt, either conclusively quash that seed through research, or don't use them.

Tip me? 1LpLLDP1hMp34eDQXSS6yFj9FVtsJ83WWA

Are the prices listed on the top of this thread current?

I love that there continues to be no reply to the question... I'll re-iterate it though, for the sake of ritual...

Once we have an arbitration award doc - what should be the next step?

I understand what you're saying.

BTC jam, if you're unfamiliar with the site, is a crowd funding site. I'm not asking for one person to front 100% of the coin, but several people to chip in.

I've around 13-14 coins invested in the site right now (obviously not liquid), so if were to default on the loan, I'd forfeit any future payments on my investments (presumably - I've never defaulted on a loan, but I'd assume that's how it works). It's not exactly a security in the traditional sense, but it does give me added incentive to repay the loan.

Yes - you're very successful in the world of trolling the Bitcoin lending boards (I stopped clicking through your history after the fourth page of insults to random board participants).

Your mother must be so proud of that (and when you beg her for money).

How exactly do you expect this to end? You expect me to just let you libel me and be OK with it?

You're a nobody. Your big claim to fame in life is that you virtually live on an internet forum. I'm successful and well known in my field.

My life won't end if I don't get this loan. I'd like to get this loan, because I'd like to get an ASIC miner. But I have a great job, I make plenty of money, have a great family, and love my work. My life will go on without an ASIC miner.

On the other hand, your life has treated you so badly that the best way you can think of to spend your time is engage in unprovoked attacks on strangers in a public forum about Bitcoins. If you don't feel like you win this argument, it'll keep you up at night.

Bravo. Sounds like your life rules.

One of my writers lives not far from their listed office in Oregon. I'll have one of them investigate.

Get bent, chief. If you went through the effort to look at my profile on BTCJam, you would have also seen my extensive investment track record. If you bothered to click on any of the other links I provided or just, I don't know, even google me, you would have found a pretty wide track path I cut across the web.

I'm not a scammer. Why are you so hostile? This has nothing to do with pride. Yes, I'm asking strangers to fund a loan on a crowd-funding website. That's sort of the point of BTCjam, in case you didn't catch that, genius. If I had the disposable income to buy it in a fell swoop without getting a loan, that's what I'd do.

It's a loan, not an investment. If you're not comfortable with the terms of the loan, please don't invest.

If you're comfortable lending some money to a guy with a great track record on a P2P lending site, then please do.

This is a lending forum and we're discussing a lending site. Sounds like what you're discussing is mining contracts. There's a separate section of the forum for that.

http://www.asicrigs.com/

I'm getting the cheapest one. I've overpriced the loan in case it only hits the 70% funding point I can still grab the order.

I've finally decided to bite the bullet and get a mining rig. I've spoken directly with the company, and they've indicated that if I purchase now, I can expect delivery the first week of August. According to the profitability calculator, I should be able to repay the loan within 30-45 days in full.

I have, however, set the term of the loan to 365 days so as to allow for comfortable repayment of the loan should the device flat out not work. Assuming that the rig works as advertised, expect early repayment. If it doesn't, expect prompt payments on due dates.

https://btcjam.com/listings/5695

About Me: I run SiliconANGLE, an enterprise tech network that was one of the first to report on Bitcoin, and continues to cover the space (you can find some of my reports here: http://www.youtube.com/user/siliconangle/search?query=rizzn+bitcoin). I'm an active investor on BTC Jam (I've invested well over 20 BTC in three months), and I have no desire to ruin my good name on the site (plus, like any active investor there, I know what it's like to be burned and don't want to inflict it on others).

Installed it today. Requested a serial number. No response yet.

1.9 http://siliconangle.com