Hi Zedicus,

I understand where you're coming from but, to be honest, this isn't an open source app. It's something we've put a lot of time and effort into and we don't just want to post all our code for everyone to be able to copy and clone left, right and center.

All the app does is feeds all your miner's stats to our website, and also sends signals FROM the website to your miners to tell them which pool it should be mining, instructions to throttle up or down etc. You can see everything in CGMiner as it happens so you know where it's mining at any point in time.

If you're really worried you could always use some kind of monitoring tool like http://www.charlesproxy.com/documentation/additional/http-monitor/ until you feel confident that the app isn't doing anything shady.

I know security is a big issue these days but this app is really something we feel could be a lot of use to a lot of people - we're in it for the long run so really wouldn't want to do anything dishonest that would jeopardize the future of the site.

I know security is a big issue these days but this app is really something we feel could be a lot of use to a lot of people

f#ck, i`ve run out of paper

Just wanted to bump this, I got some response on reddit, so I just wanted to make sure people saw this post so that I could get your opinions, wants, and suggestions. 

Also is there an API already for merchant accounts?

 

You may have misread.  This is not speaking about the whole bitcoin industry, rather just BitPay.

 "BitPay has a tenuous relationship with the banks that it works with due to their heavy involvement [heavier than any other company in the entire world] in Bitcoin and fiat.  In order for BitPay to maintain the contracts and relationships that they have developed [ties that got Tony Gallippi in front of the United States Senate Committees during Bitcoin's Capitol Hill debut] BitPay must play nice with banks."

Hey guys

We've launched a new service called MinePit. It is a client application that allows you to monitor, and remotely control your miners from any web browser, and additionally is a collection of pools that can be mined with or without the software.

We've launched with 9 pools to start with and have chosen POT coin as one of those. Feel free to have a look and jump in with the mining at https://www.minep.it.

Our main thread is here:
https://bitcointalk.org/index.php?topic=523986.0

Many thanks,
MinePit Team

Not sure I understand what you are saying, zedicus.

Potcoin solves nothing because it is just a substitute for cash and these dispensary operators are all breaking the Federal law.  

If Potcoin becomes the solution then Potcoin is being used to launder money.  It's straight forward.  

KYC and AML rules and dispensaries are diametrically opposed.

They have KYC in place and have to do so. The processors turn bitcoin into fiat on the fly. They can't deal with these marijuana places due to federal law. The problem is the government puts it on financial institutions to KYC and be the first line of defense against money laundering. Institutions would rather play it safe than risk the wrath of the federal government.

It's going to be interesting how this plays out, but it definitely leaves a big market for Potcoin. Larger operations won't want to risk messing up a bitcoin account, a smaller operation might risk dealing with Potcoin. Bitcoin processors aren't going to deal with the marijuana industry. So who will? Enter Potcoin. Once everything gets figured out, Potcoin will be huge. This coin came around at the right time to be huge.

 The bitcoin payment processors are black balling the marijuana industry just like banks.