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Author Topic: MyBitcoin.com, where did it go?  (Read 12615 times)
lettucebee
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July 31, 2011, 03:54:53 AM
 #41

Fortunately, I don't have much in my account with mybitcoin ATM but I still hate losing any BTC.

That being said, I'm willing to wait until Monday at least before entertaining thoughts of persecution or investigation. Don't get me wrong, the downtime is very inconvenient and their customer response time is atrocious, but some people do still take the weekend off, after all.

You're a curious one, indeed.  You are well aware of the troubles I and others had with mybitcoin weeks ago. You even participated on those threads, and yet you still left money with Pirate Tom.  Did you think we were making it all up?  Didn't it occur to you that your money might be next?
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July 31, 2011, 04:11:10 AM
 #42

Fortunately, I don't have much in my account with mybitcoin ATM but I still hate losing any BTC.

That being said, I'm willing to wait until Monday at least before entertaining thoughts of persecution or investigation. Don't get me wrong, the downtime is very inconvenient and their customer response time is atrocious, but some people do still take the weekend off, after all.

You're a curious one, indeed.  You are well aware of the troubles I and others had with mybitcoin weeks ago. You even participated on those threads, and yet you still left money with Pirate Tom.  Did you think we were making it all up?  Didn't it occur to you that your money might be next?

I had money in mybitcoin before anyone posted any problems with them and had not one single satoshi go missing at any point between now and then. The only issue I experienced was some downtime. I even asked a question once through the internal messaging system and got a reply (although it was a week later, hence my "atrocious customer response time" comment). Excuse me if I base my opinions of them on my own experiences instead of others' hearsay.

BitBrew - Buy Coffee for BTC, The Bitcoin List - Online Directory of BTC Sites, Bitcoin General Store - Buy All Kinds of Physical Goods for BTC, BitBiz.io - The CryptoCurrency Business Forum (referral link), Bitrated user: edd.
nemo
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July 31, 2011, 04:50:17 AM
 #43

If anyone's looking for an idiot to laugh at, I had a grand sitting there. I wish I was popping my moron cherry, but I'm pretty sure that pussy is busted up.
BioMike
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July 31, 2011, 05:59:02 AM
 #44

The problem I have with your merchant system is that your site is extremely slow processing bitcoin deposits.
Often it is 1 hour or more, and mybitcoin did it in a few seconds.
Yes I realize the risk in this, but the services I sell are time sensitive, I cannot hold it for an hour to see if the customer pays or not.
It would be great your API could instantly tell me when a payment is received (even if I have to wait for it to be confirmed in block chain before I can spend it).

We can make that happen too, a first notification when payment is on the bitcoin network. However we cannot guarantee it'll be confirmed (that's up to miners).

What could be a compromise is if you send the confirmation when the payment has been seen on the network and actually add the funds to the account of the merchant when there is x blocks containing the payment. From what I know, when the payment has been broadcasted it is already difficult to change/undo it.

<edit>
MagicalTux, mailed you.
</edit>

Waar kan ik betalen met Guldencoin? http://www.betalenmetguldencoin.nl/
bracek
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July 31, 2011, 08:31:07 AM
 #45

finally with bitcoin u have wonderful option of having ur money on ur computer,
available only to you,
and still, you fellow bitcoiners,
u use third party to hold ur money ?
it is so contradictory...

but, mother nature makes u learn,
she has time and will to teach everyone who does not think ahead,
he who doesn't remember, lives through it again and again...
NothinG
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July 31, 2011, 09:28:22 AM
 #46

finally with bitcoin u have wonderful option of having ur money on ur computer,
available only to you,
and still, you fellow bitcoiners,
u use third party to hold ur money ?
it is so contradictory...

but, mother nature makes u learn,
she has time and will to teach everyone who does not think ahead,
he who doesn't remember, lives through it again and again...


I still plan to use an online wallet of some sort.
I'm looking for an online wallet source that I can host on one of my dedicated servers, for personal use.

neofutur
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July 31, 2011, 09:34:47 AM
 #47

finally with bitcoin u have wonderful option of having ur money on ur computer,
available only to you,
and still, you fellow bitcoiners,
u use third party to hold ur money ?
it is so contradictory...

but, mother nature makes u learn,
she has time and will to teach everyone who does not think ahead,
he who doesn't remember, lives through it again and again...

exactly !

 you meet a guy in the street :
"- hi
 - hi
 - you know I could be your bank, i m great, your money would be more secure in my pocket than in yours, you could be robbed.
 - you sure ? but who are you and where do you live ?
 - ah no, you ll never know my name and where I live, you should put all your money in my pocket.
 - ok, take it all, I trust you"


BioMike
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July 31, 2011, 09:51:42 AM
 #48

And which shop owner runs their webshop on their computer at home? Codes their payment processor themselves and keeps an eye on it that it runs 24/7?

Store bitcoins as a bank? Sure, do that on your home computer. Run a webshop, then you want a payment provider that does all the accounting for you.

Waar kan ik betalen met Guldencoin? http://www.betalenmetguldencoin.nl/
NothinG
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July 31, 2011, 09:52:54 AM
 #49

And which shop owner runs their webshop on their computer at home? Codes their payment processor themselves and keeps an eye on it that it runs 24/7?

Store bitcoins as a bank? Sure, do that on your home computer. Run a webshop, then you want a payment provider that does all the accounting for you.
I'm talking to admin at Mt.Gox to help code up a merchant tool for WHMCS so I can start selling games.

rate5
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July 31, 2011, 10:03:48 AM
 #50

finally with bitcoin u have wonderful option of having ur money on ur computer,
available only to you,
and still, you fellow bitcoiners,
u use third party to hold ur money ?
it is so contradictory...

but, mother nature makes u learn,
she has time and will to teach everyone who does not think ahead,
he who doesn't remember, lives through it again and again...


I still plan to use an online wallet of some sort.
I'm looking for an online wallet source that I can host on one of my dedicated servers, for personal use.

Have you tried BitcoinJS?

Buy domain names with Bitcoin!  domains4bitcoins.com  - Free Privacy Protection, DNS, Domain Forwarding, Mail Forwarding, & Domain Theft Protection!  Cool
NothinG
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July 31, 2011, 10:05:50 AM
 #51

finally with bitcoin u have wonderful option of having ur money on ur computer,
available only to you,
and still, you fellow bitcoiners,
u use third party to hold ur money ?
it is so contradictory...

but, mother nature makes u learn,
she has time and will to teach everyone who does not think ahead,
he who doesn't remember, lives through it again and again...


I still plan to use an online wallet of some sort.
I'm looking for an online wallet source that I can host on one of my dedicated servers, for personal use.

Have you tried BitcoinJS?
I saw that site last night, and forgot to bookmark it.
Thanks! Cheesy

shakaru
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July 31, 2011, 10:11:54 AM
 #52

Your wallet.dat.

That is not an answer.

Is to an answer. Havent lost a cent out of my wallet. Auto backups at random intervals. Encrypted too. Safer than an online wallet or exchange in my eyes,

lettucebee
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July 31, 2011, 12:14:36 PM
 #53

If anyone's looking for an idiot to laugh at, I had a grand sitting there. I wish I was popping my moron cherry, but I'm pretty sure that pussy is busted up.

No one is laughing.  But those of us who've been burned need to take action so that others don't get hurt.  We should warn everyone away from mybitcoin (which seems to be pretty hard!)  We should ask their promoters like flaky Bruce Wagner to stop luring newbies into their clutches.  We should boycott businesses that use them.

Now everybody go long!
toddbethell
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July 31, 2011, 01:05:30 PM
 #54

1000btc frozen, lost or stolen by MyBitcoin?

By Todd Bethell

On 12 July 2011, 1000btc MtGox to MyBitcoin.
On 28 July 2011, 1000btc MyBitcoin to MtGox.

28 June 2011, payment notification was received. 8hrs later (the site was still up) visual verification was done in account history of the transaction and correct address.
48 hrs later still no coins.

This is where I need a block explorer expert.
21 minutes after MyBitcoin received the btc block explorer shows the coins from that wallet being split and transmitted hundreds of times all the way down to 1 Satoshi.
Question:
1.   Is this normal or a sign of fraud making it impossible to track?
2.   Are all wallets effectively used as ‘pool wallets’ for payouts?
3.   While I am not accusing MyBitcoin of theft, itn’t plosible that

Block 135867 (2011-07-12 07:06:54)   1000   Received: Address   •   1DeAkzL1MBriA37pHS46Nu1xcCzJ5sPupH
1000

Block 135870 (2011-07-12 07:27:05)   1000   Sent: Address   •   17e8zfFzVkKtx4ofdeoYHhdvu1cTKCpv2r
•   1NgjsaazumvjaR3WZuLqqKEed79RneQy2Q
0
-------------------------------------------------------------------------
MyBitcoin Payment Notification
MyBitcoin Robot [nobody@mybitcoin.com]
toddbethell@fastscanning.com
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Hello,

This is a payment notification from MyBitcoin.

You have sent Bitcoins!

Transaction Number: 245107
Transaction Date/Time: 2011-07-28 22:30:02
To: 18jsFKuKZ4w8mhdTYy9bZKKHmkZNSZrRUC
From: 19vKB489Lx1rxqS366f63mKDLXp6q3v3Ct
Amount: -1000.00
Payment Note: MtGox businessaccount1

Thank you.

-----BEGIN PGP SIGNATURE-----
Version: GnuPG/MBC v1.0

iQEcBAEBAgAGBQJOMeLqAAoJEJ+5g06lAnqF2ZYH/0FYDSmSxQa4l8+Q50e+1qEN
r9D6GXVPo5A4jXzgjtXTs2Rj2WmbLnsm2I8vc+fQFvniUiZT3nSbixVAU9wPm0w6
cTD8gNvEe+P9aNttZqGxa9xnCOVkE4ypF+n4jEmE/e3H5yh6Ix0oCI50luIeQZir
e0/5sF7ZbWDWhNta9+A6yvWYEI7KLZK+zke8EbLmB3YIDZ+EpaegrT74H6s7fHRR
cSopmnyDXX1biS8Mao7GSoTgXuPOTaMRae+4SN4pL1aoRZahWX/SsLXDj2Skjc/4
jtLBq7RLb8x3wo23IiURyzKZJr1Cw75cTULdLcNoUZajewapxIqA9DhFJK8HlSk=
=EFK8
-----END PGP SIGNATURE-----

Approximately 8hrs later the coins had not been credited to my MtGox account. MyBitcoin was still up. My account history showed the coins had been sent and the sent to address was verified correct.
Security Note: The instant before clicking the send button (perhaps when my mouse hovered over it) I notice a screen blink or something changed, but it was too late to avoid clicking the button.

Q1. Has my computer been compromised such that the send address was swapped at the last instant?
Q2. If this is so, how could the correct address be recorded in the MyBitcoin data base?
Q3. Is it coincidence that the MyBitcoin service has gone down for 48hrs with nary a peep from its owner? A person who was very proactive and vocal during the MtGox incident.
Q4. I’m hard pressed to think of a technical reason how or why a transaction confirmation bot would send confirmation of btc transmission before such a transmission had actually occurred. Let alone consciously programmed in this way. It would seem that the bot was part of the book keeping data base and not confirming actual transmission from a ‘hot’ wallet.
Q5. It seems that the way MyBitcoins was using the wallets of its members (pooling them as a matter of operational efficiency or draining them as a scam??) this makes it impossible to track coins or analyze if they are insolvent?
Q6. Was my 1000btc withdrawal lower to water level in his 'hot wallet' enough to show Tom was swimming without a suit? In other words, for whatever reason, he was operating insolvent?

I would not normally keep so many coins in an on-line wallet but this was in preparation for a business transaction that was delayed.

I am preparing a blog and forum post or lessons learned and recommendations going forward:

If anyone has further information please post it here and send to my email also, or give me a call.
Skype:  toddbethell
Email:  toddbethell@fastscanning.com
Cell:  1-949-394-5932

-----------------------------------------
Action taken:
Phone: +6499518329  (always busy)
Emailed: enquiries were sent to abuse@mybitcoin.com
It is well know that Tom… only replys to ‘in-mail’ on his site.

Tom Williams
Main Street
PO Box 556
Charlestown, Nevis, KN

Todd Bethell, CFM, MBA
tbethell08@merage.uci.edu
toddbethell@fastscanning.com
Work: (949) 340-5438
Man From The Future
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July 31, 2011, 01:16:13 PM
 #55

Find hosting provider, maybe the contact info the host has actually works?

19sQD6Xncfbh72mnipuPf9ok7ESwDNxuvW
bracek
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July 31, 2011, 01:35:40 PM
 #56


Is to an answer. Havent lost a cent out of my wallet. Auto backups at random intervals. Encrypted too. Safer than an online wallet or exchange in my eyes,
[/quote]

Please, share that (method, or even script) with us.
This adds to btc value
rabit
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July 31, 2011, 02:45:17 PM
 #57

There was a serious bug in MB some hours before they went down. Probably they just try to fix it.

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manifold
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July 31, 2011, 03:01:15 PM
 #58

I should drop the invite process for flexcoin if this is the case..   we're the only ones in a position to fix this mybitcoin problem.   The problem is that we wanted to slow down the rollout to have an extended testing period before opening registration.    This rushes it and when something is rushed weird things happen.
@ Flexcoin Founder. On your site is no contact, no adress, no phone. That's a scam to me. And lately the bitcoin community suffered enough scams.

Osiris Bitcoin Forum
This is a recursive text, if you restart reading from the beginning. And you will never get to this point informing you that it had no exit condition.
BioMike
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July 31, 2011, 03:01:55 PM
 #59

There was a serious bug in MB some hours before they went down. Probably they just try to fix it.

Any source where you got the info about the bug?

Waar kan ik betalen met Guldencoin? http://www.betalenmetguldencoin.nl/
rabit
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July 31, 2011, 03:11:08 PM
 #60

There was a serious bug in MB some hours before they went down. Probably they just try to fix it.

Any source where you got the info about the bug?

I was affected by it myself and another person from my jabber list had the same problem. Some hours after reporting it to MB, they went down.

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