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Author Topic: Bit-Bank: New Online eWallet  (Read 5454 times)
TYDIRocks
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August 03, 2011, 03:58:47 AM
 #41

Why are you guys still talking about that? Haven't we establish the owner is over 18?

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August 03, 2011, 04:37:11 AM
Last edit: August 03, 2011, 06:19:11 AM by Martin Lawrence (Guildminers)
 #42

Why are you guys still talking about that? Haven't we establish the owner is over 18?

No, we've only had the owner say he was over 18.

I'm not posting this because I don't believe him; I'm posting because we just had another identical service disappear with a  lot of people's coins.  This type of site asks that you deposit valuable commodities with them - surely it should be put under greater scrutiny than a mining pool or other service.  Maybe someone in the area could meet him for coffee, verify his ID, etc.  This way you would have a starting point for a lawsuit should anything happen to your assets.

As a community we need to learn from our mistakes.


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August 03, 2011, 10:57:27 AM
 #43

Why are you guys still talking about that? Haven't we establish the owner is over 18?

No, we've only had the owner say he was over 18.

I'm not posting this because I don't believe him; I'm posting because we just had another identical service disappear with a  lot of people's coins.  This type of site asks that you deposit valuable commodities with them - surely it should be put under greater scrutiny than a mining pool or other service.  Maybe someone in the area could meet him for coffee, verify his ID, etc.  This way you would have a starting point for a lawsuit should anything happen to your assets.

As a community we need to learn from our mistakes.



I don't believe you are over 10 years of age, therefore I shouldn't take your advice.

seeARMS @ Bit-Bank (OP)
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August 03, 2011, 03:36:01 PM
 #44

I agree that eWallets should indeed be put under greater security than mining pools or similar websites, however I don't think arguing about my age would do us any good.

With MyBitcoin disappearing and all, I understand many users are reluctant to use another eWallet service. With the many signs of fraud the site exhibited (ie disappearing accounts, no response from the admins) I think this was eventually going to happen.

I'm trying to build trust by being as transparent as possible in all of the website's ongoings (unlike MyBitcoin). My partner and I are currently in the process of building a new design (which looks quite sexy, I must say Smiley ) and within the new website we'll be detailing the aspects of security, the backend infrastructure (including off-site backups, updating the ToS, etc), and any other pertinent information regarding Bit-Bank.

Ideally, by doing this, I'll begin building trust with the BitCoin community, and users such as Martin would have no reason to doubt the legitimacy of Bit-Bank. But, for now, his doubts are justified - it's better to be overly cautious in a situation like this (especially when a competing site ran off with an extremely large sum of Bitcoins.)
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August 03, 2011, 05:19:36 PM
 #45

I would trust my btc with someone else! Angry

SGT longdong
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August 03, 2011, 05:40:04 PM
 #46

I would trust my btc with someone else! Angry
Go ahead - it's your bitcoins after all.
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August 25, 2011, 09:33:30 PM
 #47

Bumping after nearly 2 months to say we've just released a new design and are working towards many more features.
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