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Author Topic: MyBitcoin.com - hosting provider: leaseweb.com  (Read 13373 times)
stick_theman
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July 31, 2011, 10:23:30 PM
 #61


We have a lot of bitcoin there..... ( as has already been reported in the press )...   

rightfully so.  One of Bruce's accounts has about 250K bitcoins!!!  Bruce, could you contact MyBitcoin to see if they would appear on your show?  This would add a new layer of legitimacy into the company... or else, we will be moving all our funds somewhere else. 
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stick_theman
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July 31, 2011, 10:35:45 PM
 #62

One of Bruce's accounts has about 250K bitcoins!

That's completely ignorant, no offense. I seriously doubt anyone who has $2.5 million dollars of anything would be silly enough to trust a random 'dude' with their funds, and if that's even a remotely accurate estimation of funds in MyBitcoin, running away with money just got boosted up to the top reason for the site being down.

Good going.

Dude, not so ignorant if you actually do some homework and have a listen to NPR's podcast.

http://www.npr.org/blogs/money/2011/07/13/137795648/the-tuesday-podcast-bitcoin
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July 31, 2011, 10:45:43 PM
 #63


I'm not looking to fight, but I don't think there is much wrong with what I said. I feel sorry for all the people who have had their funds 'disappeared' on them like a bad con, but sometimes when you hear something so bizarre and so strange you just have to stop and think "wtf?".

"wtf" indeed.  One thing after another is making the situation a lot more stressful.  Anyways, I hope the Korean exchange is going well, Matthew N.W.
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July 31, 2011, 10:51:01 PM
 #64

One of Bruce's accounts has about 250K bitcoins!
That's completely ignorant, no offense. I seriously doubt anyone who has $2.5 million dollars of anything would be silly enough to trust a random 'dude' with their funds, and if that's even a remotely accurate estimation of funds in MyBitcoin, running away with money just got boosted up to the top reason for the site being down.
Good going.
Dude, not so ignorant if you actually do some homework and have a listen to NPR's podcast.
http://www.npr.org/blogs/money/2011/07/13/137795648/the-tuesday-podcast-bitcoin

The figure mentioned on NPR is 25K (Which Bruce claims isn't his..)

It's very unfortunate that mybitcoin has been mentioned as a way for beginners to use bitcoin on some major news networks.
NPR & CNN at least.


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July 31, 2011, 11:12:59 PM
 #65



Matt, let us know when your UABB is up and running.  We'd like to get listed.

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July 31, 2011, 11:36:00 PM
 #66


I imagine it's going to be a scary venture for businesses to 'get accredited' by us at first, but we're just as sick and tired of the fraud and mismanagement as anyone else so any business intended on becoming accredited will definitely be getting a helping handful of tough love.


My guess is that it's not as painful as you might think.

1.  verify business has all proper operating licenses
2.  verify owners have no criminal record

here in the US there are background searches you can do for a small fee.  it is very common.

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July 31, 2011, 11:59:50 PM
 #67


I imagine it's going to be a scary venture for businesses to 'get accredited' by us at first, but we're just as sick and tired of the fraud and mismanagement as anyone else so any business intended on becoming accredited will definitely be getting a helping handful of tough love.


My guess is that it's not as painful as you might think.

1.  verify business has all proper operating licenses
2.  verify owners have no criminal record

here in the US there are background searches you can do for a small fee.  it is very common.

As an American, that much I am aware of-- our services however are a bit more invasive. Although there are no requirements to be a functioning member of the UABB for the purpose of rating/commenting/reporting, to become accredited and recognized as a safe-to-use business, we require the following*:

1) Businesses need to have been a member with the UABB for at least 30-days with 100% positive feedback (at least 1 transaction).

2) Businesses need to provide faxed copies of their operating licenses/business certificates. If they are not a registered business but a home-business, they need to provide multiple proofs of identity including a physical address for product return claims to be associated with, and a phone number to be connected with technical support.

3) Businesses will be required to use our insured escrow services to forward payments, at no additional cost to consumer or merchant.

4) Businesses will be required to have an SSL certificate installed on their sites to handle any private user information for purchasing products and services.

5) Businesses need to pay a small accreditation fee to help recoup our total costs for running a fax service, processing paperwork, issuing electronic seals, and running the escrow and dispute mediation services.

Background checks will only be necessary if the individual is running the company alone or out of their home, and will be done at the discretion of the UABB.


(*still debating these requirements with the board and thus the accreditation page is not up yet)


I think you should kill the escrow.  Everything else is fine.  Businesses and consumers should connect directly, that's the whole point of bitcoins.


BitPay : The World Leader in Bitcoin Business Solutions

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August 01, 2011, 12:28:21 AM
 #68

(EDIT: as you said above offering escrow as an option sounds the best way..  even 'requiring businesses to offer it as an option' could be a problem)

3) Businesses will be required to use our insured escrow services to forward payments, at no additional cost to consumer or merchant.

That seems like a non-starter to me.
Routing all payments via a central system is technically fragile, politically risky, innovation unfriendly and impractical to set up for all the various foreign currencies & payment systems out there.

Perhaps you meant only for Bitcoin transactions..  but I suspect it will be the minority of enterprises that are truly 'pure Bitcoin'.

For the sort of business I have in mind - the escrow would be complex - sometimes requiring only part payment back to the client.
Escrow services based on a written escrow agreement where the UABB can easily determine fulfillment of conditions are one thing..
but are you really going to intermediate in all that in a high-volume transaction environment?

Requiring businesses to give their customers an *option* to route payments via the escrow may be nice for specific types of transaction.

Escrow only caters for a subset of the possible services for which someone might 'hand over' bitcoins in expectation of a set of services.
The point at which actual 'payment' occurs and value changes hands is service specific.  


How you can require 'at no additional cost' I don't know. Even with pure Bitcoin transactions there will ultimately be fees.
Maybe all you meant is that when the business and customer do both choose to use your escrow - the business doesn't charge an additional fee above what the network charges?
If so.. sorry for my rambling above, but it wasn't clear Smiley


P.S nice to see the 'about us' improvements on the UABB site.

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jayfitt
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August 01, 2011, 12:34:13 AM
 #69



2) Businesses need to provide faxed copies of their operating licenses/business certificates. If they are not a registered business but a home-business, they need to provide multiple proofs of identity including a physical address for product return claims to be associated with, and a phone number to be connected with technical support.


In the spirit of trust and transparency, it would benefit the community if we had some of this information from you as well.

The domain names uabb.org and uabci.org have been registered anonymously. And the email m_wright@hanmail.com, which is associated with baok.or.kr, has bounced back as undeliverable.

I love this idea and it could really benefit the community, but with everything that's been happening lately we need more. Are we supposed to trust one anonymous person on the internet because another anonymous person says they are legit?

For trust, we need total transparency in the organization that is handing out these accredations.

EDIT: don't take this post the wrong way. It's not meant to be accusatory. These are valid concerns!
Christian Pezza
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August 01, 2011, 03:46:47 AM
 #70

I just find out about MB down!!! What happen if some BTC got send to my account when the site is down? they got lost? they may could be sucked in and bye bye new digital coin?

I see so many good people in this new event of BTC but there is always that ass have to ruin the party!!!


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August 01, 2011, 07:53:15 AM
 #71


...
Seriously. You should be educating consumers to look for this information first - so you need to have it yourself.


...
Oversight or not, you have the right idea. Btw, I'll stop working on the redmine server configurations and put up that about page since you brought it up. Smiley

Well this is embarrassing for me.
After taking you to task on this issue - I realize I'm guilty of attempting to do business with a bitcoin site that gives no more than a support email address.  Bitbills.com

Normally - for my non-bitcoin purchases - I've been pretty careful about checking out who I'm doing business with. I think the fact that I saw one of the bitbills guys appear on Bruce Wagner's bitcoin show, made me let my guard down!

However I'm hopeful that bitbills will do the right thing by anyone caught up by the problem that they were using mybitcoin as a payment processor.
They have a great product and a good reputation that is no doubt worth protecting.

They really should provide more info about their operation though. For bitbills to ever be accepted by the general public, they'll need to have some idea of who the issuing company actually is!






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August 01, 2011, 08:19:03 AM
 #72

I'm creating a business account on your page now.

Edit nvm your links seem broken

And I think folks from now on shouldnt trust anyone who isn't public/active in the community.  Because most serious businesses absolutely are.

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xcooling
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August 01, 2011, 08:22:41 AM
 #73

@ Matthew N. Wright : open your own thread if u want to advertise your company/service.

instead of wasting your time becoming a member of uabb.. rather opt for a truebusiness ID from geotrust or one of the many extended validation ssl providers, they will audit your information and make sure you are who you say you are.

This is about mybitcoin.com being offline, not about your own service.

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August 01, 2011, 02:49:06 PM
 #74

If it were an honest service.. there would be a notice or something..

closing down.. and keep quiet is no way to run a company.

problem with bitcoin is the majority of the services have no standards or any kind of proper business knowledge. Honest opinion its very mickey mouse.

That's exactly the reason behind starting the United Association of Bitcoin Businesses (uabb.org). Check it out.

Not a bad idea,  I wanted to register flexcoin there but it won't let me create an account Sad   literally clicking on the buttons wouldn't open any forms.


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August 01, 2011, 03:26:17 PM
 #75

I'm creating a business account on your page now.

Edit nvm your links seem broken

And I think folks from now on shouldnt trust anyone who isn't public/active in the community.  Because most serious businesses absolutely are.

Apologies. I'm migrating my server and experience some issues as well as being in the middle of developing the backend. Expect it by next week. Thanks for your help FXRiot. I'm really impressed by the work you did for us this last week.

instead of wasting your time becoming a member of uabb.. rather opt for a truebusiness ID from geotrust or one of the many extended validation ssl providers, they will audit your information and make sure you are who you say you are.

I think you don't understand our services, but I can only blame myself for having not finished the site yet. Geotrust provides 'verification' and SSL certificates. We provide standards to the entire Bitcoin community, escrow and dispute mediation services, ratings systems for consumers and merchants, fraud alerts, and function as an investigative body for fraud in the Bitcoin community. Does Geotrust even accept Bitcoin? Let me know when they do.


@ Matthew N. Wright : open your own thread if u want to advertise your company/service.

...

This is about mybitcoin.com being offline, not about your own service.


Couldn't agree more. Apologies for the derail.

I love this guy Smiley
I mean not literary  Embarrassed 

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August 01, 2011, 06:07:06 PM
 #76



The domain names uabb.org and uabci.org have been registered anonymously. And the email m_wright@hanmail.com, which is associated with baok.or.kr, has bounced back as undeliverable.
1) They aren't registered anonymously, they have an 'anonymous' whois information hiding service enabled by default through CINFU. I'd disable it, but I don't see any point in having it on there. All relative and updated information is on the site itself. How does everyone feel about that? I'm open to change on that point of course, especially if it helps a community be more at ease.

2) I don't know where it said "m_wright@hanmail.com", if it did, that's a mistype. My Korean-only email address is m_wright@hanmail.net. Hanmail doesn't have a .com registered, and it is operated by daum.net mail services. I use that email for registering for things in Korea (they really are not friendly to foreigners registering things and only NOW allowing non-IE browsers to view most major website -_-;;; Technological country my ass. Any foreigner to Korean who has ever tried signing up for something online and been told that their resident number doesn't work or that they need to fax a copy of their passport before signing up, even for a free email account, will understand my frustration and contempt.)



So let me get this straight - you're an American living in Korea with anonymous WHOIS informaiton and have your sites hosted on an oversold OpenVZ server in Germany that's run by a company in Seychelles? (read: Africa)

Yeah - you and your whole UABB deal definitely sound legit....



NO. Never trust anyone because they SAY they are legit. In fact, never trust anyone period. We are not here to issue 'trust'. We are here to provide a direction that will reduce the friction in the community, raise the standards of the businesses in said community, and a means of settling disputes if need be. None of these services exist right now as far as I know.

Not us: "I'm gonna starts me up uz businez accreditation kumpany and kawl it UABB! HYUK!".
Us: "Wtf @ all of these people getting scammed. Someone has got to design a launchpad to promote better standards if we ever have a chance of succeeding with Bitcoin".

Why must you keep referring to yourself as "us"? The only person behind that monitor of yours is YOU. You're a one man show.
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August 01, 2011, 07:27:44 PM
 #77

Contact one for the manufactures in korea or taiwan and have a batch of 100+ made for you.

You can even get them to stick 2x 6870's per a pcb. which would work out the same cost as a 5850 and return more mhs.

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August 01, 2011, 07:37:28 PM
 #78

Off-topic (even moreso) but, would you be willing to give some advice on purchasing some cards for mining? We (Distributed Computing Korea, that is) are using the ATI Radeon HD Saphire 5850 1GB currently but it is almost completely sold out across Korea, and the only remaining choices are a few 512MB versions and some other random 5000 and 6000 series cards.

Are there better choices in your opinion than the 5850 if you're planning on installing 100+ per building?


6990 - Go big or go home.

People will reply to my comment and complain about how expensive they are. Yes, they cost more up front initially. However, if you go with cheaper and less powerful cards then you'll need more of them, and will therefore need more motherboards, hard drives, RAM, CPU's, PSU's, and more. Not to mention, the hassle of administrating 100+ machines vs. 50 machines.
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August 01, 2011, 07:49:04 PM
 #79

Yeah it really is.. comes down to money .. you have it, they want it.

100 gpus @ us$150 = us$15 000

Contact jetway, had really good dealings with them in the past.

 Jetway Information Co., Ltd.
 Address: Ltd.9F., No.207, Sec. 3, Beixin Rd., Xindian City, Taipei
 Tel: 886-2-89132711
 Fax: 886-2-89132722
 Web: www.jetway.com.tw
Info: sales@jetway.com.tw
 Support:technic@jetway.com.tw

--------

BTW: price per mhs .. 5770 cant be beaten, also it is the most efficient in mhs per watt

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