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Author Topic: I don't trust mybitcoin or the UABB, but how come so many trust it?  (Read 12417 times)
lettucebee
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July 17, 2011, 03:54:09 AM
 #41

I am thinking about other online wallet alternatives. Any of ya recommend one?

I have heard Instawallet.com mentioned several times. I don't vouch for them nor do I understand their business model, but I share this with you at your own risk.
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July 17, 2011, 01:33:27 PM
 #42

Avoid them at all costs. They do not respond through the support messaging system and therefore will not be held accountable for any server glitches or mistakes. Server glitches have happened in the past, and undoubtedly will happen in the future, so you're better off getting comfortable with the Satoshi client.
lettucebee
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July 17, 2011, 01:37:21 PM
 #43

EDIT: Just found this in the Newbies board
Hi, I actually wanted to reply to this thread : http://forum.bitcoin.org/index.php?topic=26224.60 to say that I have also had a coin disappear at Mybitcoin, but as I don't post on the forum much, I'm limited to the newbie section (if someone could move or quote this over there that would be good). I pulled all my coins out of mybitcoin when I noticed the missing coin, but I still have access to my account, and I correctly received mining payouts both before and after the missing coin (I didn't catch it immediately). The coin shows up in the block explorer here: http://blockexplorer.com/address/1HgDuxLfG3E4kkN5VkToxeFPDN2aWBTjPz . It's easy to spot as it's the 1.01 coin one as opposed to an even 1.00. So, I know that the pool payed out on time to the correct address, but my mybitcoin account balance did not increase. I can't really prove it to the general public, but there is no record of the coin ever arriving at mybitcoin, so it's not a case of my account being compromised by a third party. That should be easily verifiable by someone at mybitcoin. I've sent two support tickets using the messaging system in Mybitcoin with the latter containing all of the information above. It should be an open and shut case, but I have not gotten any response, and it's been almost 2 weeks since the coin should have arrived and about a week since I messaged support.

Has anyone else had problems with coins disappearing at Mybitcoin or any luck actually getting support?

Now, this is how non-trolls complaint: THEY GIVE DETAILS. Learn from it lettucebee. And before you ask, yes, i did read your thread...

I asked Alrecenk how his detailed request has fared. His response:

The only way the coins will be recovered is if someone associated with Mybitcoin recovers them. The post more serves to gather information, warn other people, and maybe help motivate someone to make something better. In that regard I think being specific and polite helps quite a bit, but no, it's probably not going to help get your coins back. I have neither the time nor the will to try to start up a competitor, but I am a computer scientist. My specialties fall more into the realms of physics and AI, but I might be able to help out some with the technical aspects.

Let me repeat the key phrase: "The only way the coins will be recovered is if someone associated with Mybitcoin recovers them."  There's your problem right there!  Mybitcoin has not only ripped off individuals, but it is damaging the reputation of businesses that are using it as a wallet.  Now I understand why certain developers are so defensive.  What other businesses are using Mybitcoin?  I'm making a list.
Raoul Duke
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July 17, 2011, 04:34:11 PM
 #44

When you're ready to put your money where your mouth is, I'm not only on board (learning about bitcoind next week), I'll code it. What say you, sir?

Now, that's talking Wink

seeARMS @ Bit-Bank
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July 18, 2011, 12:52:58 AM
 #45

I've been working on a sort of MyBitcoin competition - bit-bank.org. It's quite similar to MyBitcoin, however I certainly hope it doesn't attain the reputation MyBitcoin has. Smiley

Quite a simple interface - you're able to deposit / withdraw bitcoins, send them (instantly) to other Bit-Bank accounts, etc. Registered users are also given a custom URL - such as bit-bank.org/user/seeARMS for my own - which simply displays your BitCoin address.

If anyone has any opinions / feature requests, I'm all ears. I aim to be as open as possible to avoid the inevitable trust issue.

Like what I have to say? Send me a few BitCoins if you feel so inclined: http://bit-bank.org/user/seeARMS
Raoul Duke
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July 18, 2011, 01:10:58 AM
 #46

I've been working on a sort of MyBitcoin competition - bit-bank.org. It's quite similar to MyBitcoin, however I certainly hope it doesn't attain the reputation MyBitcoin has. Smiley

Quite a simple interface - you're able to deposit / withdraw bitcoins, send them (instantly) to other Bit-Bank accounts, etc. Registered users are also given a custom URL - such as bit-bank.org/user/seeARMS for my own - which simply displays your BitCoin address.

If anyone has any opinions / feature requests, I'm all ears. I aim to be as open as possible to avoid the inevitable trust issue.

A shopping cart interface with ready-made modules for the main opensource e-commerce platforms, like prestashop for instance. You would kill mybitcoin in 1 week if you did that Wink

strigona
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July 18, 2011, 04:48:05 AM
 #47

I've been working on a sort of MyBitcoin competition - bit-bank.org. It's quite similar to MyBitcoin, however I certainly hope it doesn't attain the reputation MyBitcoin has. Smiley

Quite a simple interface - you're able to deposit / withdraw bitcoins, send them (instantly) to other Bit-Bank accounts, etc. Registered users are also given a custom URL - such as bit-bank.org/user/seeARMS for my own - which simply displays your BitCoin address.

If anyone has any opinions / feature requests, I'm all ears. I aim to be as open as possible to avoid the inevitable trust issue.

A shopping cart interface with ready-made modules for the main opensource e-commerce platforms, like prestashop for instance. You would kill mybitcoin in 1 week if you did that Wink
And OpenCart as people using it + the MyBitcoin plugin could easily switch over.
lettucebee
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July 18, 2011, 02:23:32 PM
 #48

I see the niche that mybitcoin covers as separate from a full-on shopping cart.  Mybitcoin is a very good personal tool for receiving and sending bitcoin.  It wouldn't be so if it had all the functionality of a shopping cart.  An essential element for mybitcoin, though, is a handheld interface.  Does it have this?

P.S. We are getting off the original topic, so let's take this development talk over here:
http://forum.bitcoin.org/index.php?topic=29882.0
seeARMS @ Bit-Bank
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July 18, 2011, 04:15:58 PM
 #49

I've been working on a sort of MyBitcoin competition - bit-bank.org. It's quite similar to MyBitcoin, however I certainly hope it doesn't attain the reputation MyBitcoin has. Smiley

Quite a simple interface - you're able to deposit / withdraw bitcoins, send them (instantly) to other Bit-Bank accounts, etc. Registered users are also given a custom URL - such as bit-bank.org/user/seeARMS for my own - which simply displays your BitCoin address.

If anyone has any opinions / feature requests, I'm all ears. I aim to be as open as possible to avoid the inevitable trust issue.

A shopping cart interface with ready-made modules for the main opensource e-commerce platforms, like prestashop for instance. You would kill mybitcoin in 1 week if you did that Wink
Will do - I'll begin working on an API tonight and hopefully get it finished relatively soon!

Like what I have to say? Send me a few BitCoins if you feel so inclined: http://bit-bank.org/user/seeARMS
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July 18, 2011, 08:18:47 PM
 #50

Question:  How much of a fee per transaction would people be willing to pay for a mybitcoin-like service that didn't steal people's money?

Evidently based on our survey regarding flexcoin the majority would.


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the founder
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July 19, 2011, 02:16:30 AM
 #51

Question:  How much of a fee per transaction would people be willing to pay for a mybitcoin-like service that didn't steal people's money?

Evidently based on our survey regarding flexcoin the majority would.



Does your 'survey' bother to ask if people care about uptime?

Quote
Unable to connect
Firefox can't establish a connection to the server at www.flexcoin.com.


When did that happen?   We can't duplicate that error?  Thanks for heads up. 

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lettucebee
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July 19, 2011, 03:02:39 AM
 #52

Lettucebee is a troll. Ignore him. HE obviously has an agenda.

Why are you calling me a troll?
lettucebee
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July 19, 2011, 12:37:40 PM
 #53

Ah ha! Touche!
getpaidz
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July 30, 2011, 03:14:25 PM
 #54

Are they down? I just started messing with bitcoins and sent a low 0.05 to them because I thought my wallet wast working. The day after there down? My first bitcoins a failure Sad Any info on this site so I can take my bitcoins out?

Come to find out, I thought I had to wait for like 200000 blocks or so to get my bitcoins to pop up in the wallet and then I read Its way less now and I had the blocks downloaded. So I trans myself 0.000004 and thats all im messing with now. So upset. Guess take the loss and keep trying. Im also thinking of buying some now to give to the users on my site for free. Which I planned long ago just havnt the funds to get them. Most of my funds been going to the site upkeep.

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July 30, 2011, 06:30:15 PM
 #55

Things are not looking good.  I hope it comes back up today, and I hope you all empty your wallets from their service until they learn how to communicate with people who use their services more than a posting through a forum member in a thread from a month ago ( linked from here http://forum.bitcoin.org/index.php?topic=32984.0 )


I do love how frantic things are lol "mybitcoin.com's hosting provider is leaseweb.com
you can contact them, or the police saying that mybitcoin.com have stolen your bitcoin
it is likely that they will try to contact the onwer of the site, tom williams." -  http://forum.bitcoin.org/index.php?topic=33020.0

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July 30, 2011, 06:58:34 PM
 #56

Are they down? I just started messing with bitcoins and sent a low 0.05 to them because I thought my wallet wast working. The day after there down? My first bitcoins a failure Sad Any info on this site so I can take my bitcoins out?

Come to find out, I thought I had to wait for like 200000 blocks or so to get my bitcoins to pop up in the wallet and then I read Its way less now and I had the blocks downloaded. So I trans myself 0.000004 and thats all im messing with now. So upset. Guess take the loss and keep trying. Im also thinking of buying some now to give to the users on my site for free. Which I planned long ago just havnt the funds to get them. Most of my funds been going to the site upkeep.


Yeah, so I had about 25BTC with mybitcoin so, as you can surmise, I am rather fucking angry about this... sorry about your 0.05btc but mybitcoin.com has control over thousands of BTC and if he walks away with all the wallets he will be a rich asshole that deserves a severe beating.

<luke-jr> Catholics do not believe in freedom of religion.
kiba
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July 30, 2011, 07:07:05 PM
 #57


Yeah, so I had about 20BTC with mybitcoin so, as you can surmise, I am rather fucking angry about this... sorry about your 0.05btc but mybitcoin.com has control over thousands of BTC and if he walks away with all the wallets he will be a rich asshole that deserves a severe beating.

I got 600 BTC that I am on the hook for. So I should be way more angry.

Also, Bitcoin Weekly money that my webzine worked hard to accumulate is in there too.

I will have to take money out of my own pocket to provide for weekly's operation and answer to the people who trusted me with their money.

But I am not angry. This isn't the end of the world. The server might come back. If not, I will do the work necessary so that people who trusted me with their money get their back and that the webzine keep operating.

Learn my lesson and move on.

BitcoinBug
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July 30, 2011, 08:51:29 PM
 #58

I got 600 BTC that I am on the hook for. So I should be way more angry.

600 BTC is ALOT, but I believe somebody had much much more (25000 BTC  Shocked) on mybitcoin. I hope it was moved someplace safer since first "mybitcoin scam" threads started popping up.

Check this podcast (around 14:40):
http://www.npr.org/blogs/money/2011/07/13/137795648/the-tuesday-podcast-bitcoin?sc=tw&cc=share
hamburger
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July 30, 2011, 10:45:57 PM
 #59


Unfortunately, you only need one person to run a good secure business and if you are one, you will have poor customer relations.

It will come back online again, just like the previous times it went down.

I just hope it's before my bills are due!

No BTC = No VPS

No VPS = No BTC

Bitcoin Swami
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July 30, 2011, 11:00:47 PM
 #60

I got 600 BTC that I am on the hook for. So I should be way more angry.

600 BTC is ALOT, but I believe somebody had much much more (25000 BTC  Shocked) on mybitcoin. I hope it was moved someplace safer since first "mybitcoin scam" threads started popping up.

Check this podcast (around 14:40):
http://www.npr.org/blogs/money/2011/07/13/137795648/the-tuesday-podcast-bitcoin?sc=tw&cc=share

Ouch
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