Thanks. Yes customer service is still working we're just swamped trying to get all the funds out and deal with a lot of individual requests.
When the banks simultaneously closed our accounts it created a huge backlog. We'll get to the emails as fast as we can. Almost everything has been processed at this point and is under control. We'll have the Linode situation sorted soon as well.

-Jered

The later is more likely.  I mean for the casual user Bitcoin is already too complex.  In time easier clients and more direct fiat to Bitcoin access will make Bitcoin more accessible.

The concept of "tainted coins" is fucking stupid.
Bitcoin has irrevocable transactions .... PERIOD.  If you advertise it does but then it doesn't it is going to confuse less savy users.

Say a user who buys some Bitcoins from someone tries to use them and finds out they are tainted?  So he is just SOL now?  Do you think he is going to call Bitcoin a scam?  Think he is going to encourage other people to use it.

Protect your coins because they are irreversible.  People trying to change that with complex "taintendess" bullshit will be the ones who destroy Bitcoin.  Not the banks, not some rogue entity with a 51% attack, not governments short sighted Bitcoin users who can't grasp the concept of irreversible.


So community, it Bitcoin irreversible or not?

Right, now we all have this problem of having to make complex verifications about where BTC are coming from if we want to deal with MtGox and possibly other exchanges/users as well in the future.

There is no problem of stolen coins beyond not getting your coins stolen.

I'm going to say some things that you might not like - I definitely don't like this idea but...
As time passes by - more and more people get interested in Bitcoins, more and more thefts will happen. If we start marking Bitcoins as 'dirty' - some time later we will have almost 99% of the coins being marked as bad.

What should an average Bitcoin user do if 99% if his income is 'dirty'? Is he actually responsible for some event that had happened long before he even got to know what Bitcoin is?

Tracing stolen coins and returning them back to the owner is good at first or second step of transacting those coins. And only if you are 100% sure that previous owner lost them and current owner have stolen them.

As it have been said previously - money is money. Community should try to block theives but we shouldn't go absolutely crazy about it. And I think that community should accept this concept as default. This will be hard to do - exactly as it is hard for someone to accept Bitcoin as the completely new paradigm. But if we don't do this now - we will arrive to that point anyway: Bitcoin stands for new opportunities but it also brings new problems. And people will have to learn to live with them.

More mature—like a lemon party?

There was a case where someone robbed a armored truck that picks up money from businesses.  They messed up somehow and lost some of the bricks of cash near a relatively poor neighborhood.  The police swarmed in that place to collect the stolen cash.  Usually if a person find something that does not belong to them, then they have to report it to the police and the rightful owner has some amount of time to claim it.  (here is a question, would you rather have an ounce of gold or an ounce of $100 bills?)

If I buy some items from someone that that person got by stealing it, then if those items were tracked backed to me the police would confiscate them.  They can do this 2 ways.  One it is not my property and another person is claiming it is theirs.  The courts will decide.  Second, it is evidence of a crime being committed.  This is part of the liability of being in the pawn shop business.  When a person pawns an item or sells it to the pawn shop, the pawn shop business has to record the item.  That record goes to the police, so that in case a stolen item is reported and matches the pawn record, that item can be given back to the victim.

The problem with money is that it can be stolen.  Luckily the next bitcoin will take ease of theft into account.  It is interesting in the bitcoin white paper that Satoshi was more interested in theft by chargebacks and not other forms of theft.

Even if you don't care about what is 'right' any exchange/wallet that appears to randomly take users deposits on claims that they came from a dirty source is going to go out of business.

If taking the coins was standard practice Bitcoin would be unusable. Even subscribing to a service that tells you if coins are known to be dirty doesn't help because thieves will turn them over before anyone gets a report in many cases.

Good Morning,

I'm concerned, why have you not emailed us regarding this? If this was 3 weeks ago and such a significant amount of money?

Everyone knows to email us and we completed all but 1-2 transfers. I'm a little confused that you would just nonchalantly post here and not get in touch with us?

Ask anyone, we always respond within a few hours and will resolve any issues. We can follow the money trail. If TradeHill gave us the go-ahead then we have your transfer

You 'don't know what should I do at this moment.' Well, the first thing is contact me! We have not received 1 communication from you thus far and would love to resolve your problem.

Your worried, but didnt even contact the people who are transferring your money 

Charlie Shrem, Bitinstant
Support@bitinstant.com
716-712-4846

We would like to stress at this point that this outage was the result of a software error, and that no security breach has occurred. Furthermore, all account information and trade data remain completely secure.

Looks more like up in the near future. Then down down down 

I've been doing a little analysis of the long term chart , I have to say first of all I'm by no means an expert so I'm not offering financial advice , using the MRP ( mountain range principle ) I've factored in various variables like wind speed , air pressure and vertical fatigue , it appears we could be forming what's known as a "cup" formation , (bitcoin can be seen waving from the handle area around July 2012) . If this analysis is correct this may be a great opportunity to take advantage of the next peak . 

popularity has nothing to do with it  . both of us are interpreting where we believe bitcoin is exactly in regard to the many complex cycles (waves) that encompass all the various trading emotions of all participants trading bitcoin. Neither he nor I can affect the larger path of bitcoin in a meaningful way. If, by chance, we were to affect the price, we would unintentionally quicken or extend a sell-off or buying spree that was going to happen anyway.

I have no clue what S3052 is writing but I'm betting he is playing the safe route here and saying the path of least resistance is down...from a purely technical standpoint, that assertion is correct.