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Author Topic: mybitcoin down or just me?  (Read 36132 times)
Vod
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August 04, 2011, 09:45:54 PM
 #121

Still weird.  Does anyone know why MyBitCoin is still down? Argh.

I suspect he took the bitcoins and sold them off the last couple days.   Undecided

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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rb1205
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August 04, 2011, 09:51:16 PM
 #122

Ugh.  As soon as their site comes back up, I'm getting all of my BTC out of this service.  I have BitCoins in their service and now I'm totally pissed off.  I sure hope they're not going to run away with all of our BTC.  I didn't have too much in there but I did have some.

Implying it will ever come back up  Cheesy

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August 04, 2011, 11:09:11 PM
 #123

What an easy way to make a lot of money. Just set up a website where people voluntarily hand their funds over to you.

What do you think, does the "my" in mybitcoin represent the user or the developer?
geek-trader
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August 05, 2011, 12:28:48 AM
 #124

All day long... refuses to load. What the shit, I need to do a transaction. Is it working for anyone else?

It's just you.   Grin

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August 05, 2011, 03:54:49 PM
 #125

I noticed this note on their homepage today:

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Thursday, August 4th, 2011

From the desk of Tom Williams, operator of MyBitcoin.com

For immediate release.

As you have probably noticed, MyBitcoin.com had been down for almost a week due to an unfortunate event.

On Friday of last week we noticed that one of our pooled holding servers was missing a large amount of Bitcoins. After a prompt investigation we realized that the security of our SCI (Shopping Cart Interface) system had been breached by an unknown attacker.

Our response was rash, but necessary. We simply switched the system off until we could have system-wide forensics performed. The forensics took some time, as the system is quite complex by nature.

After weighing all of our options, we have realized that we have no option but to go into receivership. We will settle all accounts with a online claim process that we are currently in the process of working out.

We will release more detailed information about the security breach, the claim process, and our balance sheet in the next few days.


Tom Williams
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August 05, 2011, 06:17:30 PM
 #126

Shouldn't this be locked since there is a dedicated thread to this whole situation stickied above?

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