mc_lovin (OP)
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Activity: 1190
Merit: 1000
www.bitcointrading.com
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August 01, 2011, 06:10:50 AM
Last edit: August 05, 2011, 01:50:35 AM by mc_lovin |
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Apparently a lot of people got hosed over mybitcoin.com. I see Todd Bethell got ripped for 1000 BTC in this thread, and countless others are reporting their money. 1000 BTC, that's already $14k+, isn't that theft over $5000? These people should be locked away in bitprison. So... I figured I would make an updating list of everyone's losses here so we can see an estimated dollar value of what these people ran off with. Post here with your loss. ~25,000 - Bruce Wagner 1000 - Todd Bethell 618 - Chaos Computer Club donations in escrow 259 - SHlFT 85 - ball4thegame 75 - cp 70 - FTL_Ian 55 - wobber 48 - valam 40 - Gabriel Beal 29 - MoonShadow 25 - NothinG 25 - Akiron 18.8 - Bitcoin Spender 13-14 - carbonpenguin ~11.5 - cirillius 4 - fulepp 1.65 - PowerChaos 0.5-0.9 - opticbit 0.1 - qwk Total so far, between 27365.4 and 27366.8. @ $14 a coin that's like $380,000. |
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Christian Pezza
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Activity: 154
Merit: 10
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August 01, 2011, 07:43:37 AM |
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75
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julz
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Activity: 1092
Merit: 1001
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August 01, 2011, 08:01:12 AM |
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There are also losses due to transactions that were in progress between customers and merchants.
Some merchants used mybitcoin as part of their ordering process.
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@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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MagicalTux
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Merit: 501
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August 01, 2011, 11:21:25 AM |
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qwk
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Activity: 3542
Merit: 3413
Shitcoin Minimalist
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August 01, 2011, 11:37:30 AM |
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I actually don't remember.  I opened an account with mybitcoin just out of curiosity and dropped something like 0.1 btc there. No big deal for me, but i guess there are probably thousands like me, so that could also total up to something. |
Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
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cbeast
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Merit: 1014
Let's talk governance, lipstick, and pigs.
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August 01, 2011, 11:48:27 AM |
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I opened an account, but did not trust it enough to use it. I don't even trust the established exchanges with much at one time. This is why we need better apps and clients for conducting transactions on our own systems. We need encrypted online wallets with multiple backups with user interfaces that are simple to use. It's a lot to ask, but now nobody will trust online wallets on single servers.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Sukrim
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August 01, 2011, 12:31:15 PM |
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How the hell can you keep ~1/3 million USD on a website if there is a much more secure way by keeping it on your own PC(s)?!  Anyone considered that this was likely a 1 man website and the owner could actually just have died? |
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qwk
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Activity: 3542
Merit: 3413
Shitcoin Minimalist
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August 01, 2011, 01:11:39 PM |
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Anyone considered that this was likely a 1 man website and the owner could actually just have died?
Which would be one of the potentially better outcomes (not for him, maybe). In this case, once we find out who he was, people could possibly get their bitcoins back. |
Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
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pekv2
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August 01, 2011, 01:23:40 PM |
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Speechless about everyone losing their high amount of bitcoin. Even though I had one BTC in mybitcoin, something told me to pull out, believe this was a 1-2 days before mybitcoin went down. Had that gut feeling. Weird.
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MoonShadow
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August 01, 2011, 01:26:52 PM |
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How the hell can you keep ~1/3 million USD on a website if there is a much more secure way by keeping it on your own PC(s)?! Anyone considered that this was likely a 1 man website and the owner could actually just have died? Or worse, was targeted by criminals willing to do him harm in order to get a copy of the pool's private keys. This was always a dangerous idea. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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xcooling
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Activity: 145
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August 01, 2011, 01:38:31 PM |
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Well considering the coverage mybitcoin received, for a newbie.. it seemed like it was paypal for bitcoin.
One has to admit, that it was fast and easy to send and receive payments via their web service.
Not to mention they did run it for a long time.
Oh well..
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Gabriel Beal
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Activity: 210
Merit: 100
Fezzik, tear his arms off.
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August 01, 2011, 02:19:27 PM |
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We lost about 40 coins, plus a little more for lost transactions due to it being down. Not Bruce Wagner numbers, but it represented the entire operating budget of SquareWear and MetaCo.in. My partners were actually advocating us getting out of the bitcoin business, but I convinced them that the writing was on the wall about mybitcoin.com and that it was really our fault.
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mc_lovin (OP)
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Merit: 1000
www.bitcointrading.com
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August 01, 2011, 02:53:13 PM |
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OMFG! I'm going to light a bitcoin candle for that wallet! |
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MoonShadow
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Activity: 1708
Merit: 1010
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August 01, 2011, 03:11:02 PM |
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I'm potentially out 29 BTC.
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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Lorna Morgan
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Activity: 84
Merit: 10
I like Bitcoin, Monero and BCash
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August 01, 2011, 03:17:46 PM |
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Sorry to hear all these bad stories.
I got all my (meagre) coins out on the 18th.
hope this all works out for you guys...
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Love Lorna xxx want to show your appreciation? 18wniNA6JfAVdZJi8if9k4JEHZgEu6kNRA Lorna Morgan Facebook | Twitter |
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gboytazzz
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August 01, 2011, 03:52:05 PM |
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i havent lost anything thank god i just empty my account the other day but i notice the website isnt even working for me now it wont load up or anything. Is any one else having this issue???
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donations: 1HoeR3J4dr3G5RnnGhyNWjd1NxhDbGNJps
flexcoin : gboytazz
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mc_lovin (OP)
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Activity: 1190
Merit: 1000
www.bitcointrading.com
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August 01, 2011, 04:11:05 PM |
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i havent lost anything thank god i just empty my account the other day but i notice the website isnt even working for me now it wont load up or anything. Is any one else having this issue???
yup, the whole site is down! |
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mc_lovin (OP)
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Activity: 1190
Merit: 1000
www.bitcointrading.com
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August 01, 2011, 04:15:14 PM |
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if you do a whois lookup on mybitcoin.com: REGISTRY WHOIS FOR MYBITCOIN.COM
Domain Name: mybitcoin.com
Updated: 22 hours ago - Refresh
Registrar: TUCOWS.COM CO.
Whois Server: whois.tucows.com
Referral URL: http://domainhelp.opensrs.net
Status: clientTransferProhibited, clientUpdateProhibited
Expiration Date: 2012-04-25
Creation Date: 2010-04-25
Last Update Date: 2011-03-27
Name Servers:
ns1.systemdns.com
ns2.systemdns.com
ns3.systemdns.com
See mybitcoin.com DNS Records
Information Updated: Sun, 31 Jul 2011 17:33:38 UTCThat gives people like zero information. |
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Dragonportis
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August 01, 2011, 05:10:46 PM |
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if you do a whois lookup on mybitcoin.com: REGISTRY WHOIS FOR MYBITCOIN.COM
Domain Name: mybitcoin.com
Updated: 22 hours ago - Refresh
Registrar: TUCOWS.COM CO.
Whois Server: whois.tucows.com
Referral URL: http://domainhelp.opensrs.net
Status: clientTransferProhibited, clientUpdateProhibited
Expiration Date: 2012-04-25
Creation Date: 2010-04-25
Last Update Date: 2011-03-27
Name Servers:
ns1.systemdns.com
ns2.systemdns.com
ns3.systemdns.com
See mybitcoin.com DNS Records
Information Updated: Sun, 31 Jul 2011 17:33:38 UTCThat gives people like zero information. Domain name MYBITCOIN.COM Administrative Contact: Williams, Tom abuse@mybitcoin.comMain Street PO Box 556 Charlestown, Nevis KN +6499518329 Technical Contact: Williams, Tom abuse@mybitcoin.comMain Street PO Box 556 Charlestown, Nevis KN +6499518329 Registrar of Record TUCOWS, INC. Record last updated on 27-Mar-2011. Record expires on 25-Apr-2012. Record created on 25-Apr-2010. Registrar Domain Name Help Center: http //tucowsdomains.com Domain servers in listed order: NS2.SYSTEMDNS.COM NS3.SYSTEMDNS.COM NS1.SYSTEMDNS.COM Domain status clientTransferProhibited clientUpdateProhibited |
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wobber
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August 01, 2011, 05:42:50 PM |
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Wait more time, maybe it's just a server fault. For me would be something like 55 BTC, the entire operational budged of my website.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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