[ANN] "GOX" BTC <=> "Real" BTC exchange at bitcoinbuilder.com!

[joshbb]

Hey guys!

I know people are pretty sick of the Mt. Gox BTC withdrawal freeze, and are starting to take matters into their own hands...

I saw https://bitcointalk.org/index.php?topic=455243 and got to thinking.. what if somebody just made an actual BTC exchange between "Real" BTC and "Gox" BTC!

So I did!

Since my https://www.bitcoinbuilder.com/ site had fallen into a little bit of disuse (I made it two years ago... back then it was for using dwolla to automatically buy bitcoins on mtgox!), over the last two days I've re-purposed it to exactly this purpose. And now it's ready to launch!

Advantages of this:

1. People who want to sell gox btc, you know any offers in the order book are legit and will execute immediately. No need for constant PMing and hoping the person willing to buy your gox btc is online right now and still willing to honor their post!
2. People who want to buy gox btc, you can now accept any size order without it being extra work for you. Just place your limit order and forget about it.
3. As the exchange, I am a trusted "escrow" service all in one.. no more sending small amounts piece-by-piece/skyping/etc. (I can be considered "trusted" as a long time member of bitcoin talk.. I'm Josh Jones, founder of DreamHost, the Los Angeles Bitcoin Meetup, ChunkHost.com, BitMadness.com, 310-570-COIN, and so on!)

Note: there's a 2% transaction fee for all trades on bitcoinbuilder, and to be safe your withdrawal BTC addresses (one for "Real" BTC and one for your "Gox" BTC... must be a mtgox deposit address!) are permanently set and locked once you put them in. Also, all withdrawals are processed manually by me, once daily at (around) 11pm PST. That's because no coins are kept on the server at all, you know, just to be super safe!

So, go check it out! I hope it makes sense and you find it useful!

Thanks,
josh!

[swordfish6975]

hey just deposited some real bitcoin - not showing yet - even after clicking refresh 1000 times

at 10 conf

[joshbb]

Heya!

Sorry about that.. we're using blockchain's "payment API" to receive the btc in, and since Tuesday they've been having intermittent lags on processing deposits! It looks like yours did go through now though.. it took them 27 confirmations to notice. :/

Thanks for using bitcoin builder!!

josh!

[dddbtc]

Hey guys!

I know people are pretty sick of the Mt. Gox BTC withdrawal freeze, and are starting to take matters into their own hands...

I saw https://bitcointalk.org/index.php?topic=455243 and got to thinking.. what if somebody just made an actual BTC exchange between "Real" BTC and "Gox" BTC!

So I did!

Since my https://www.bitcoinbuilder.com/ site had fallen into a little bit of disuse (I made it two years ago... back then it was for using dwolla to automatically buy bitcoins on mtgox!), over the last two days I've re-purposed it to exactly this purpose. And now it's ready to launch!

Advantages of this:

1. People who want to sell gox btc, you know any offers in the order book are legit and will execute immediately. No need for constant PMing and hoping the person willing to buy your gox btc is online right now and still willing to honor their post!
2. People who want to buy gox btc, you can now accept any size order without it being extra work for you. Just place your limit order and forget about it.
3. As the exchange, I am a trusted "escrow" service all in one.. no more sending small amounts piece-by-piece/skyping/etc. (I can be considered "trusted" as a long time member of bitcoin talk.. I'm Josh Jones, founder of DreamHost, the Los Angeles Bitcoin Meetup, ChunkHost.com, BitMadness.com, 310-570-COIN, and so on!)

Note: there's a 2% transaction fee for all trades on bitcoinbuilder, and to be safe your withdrawal BTC addresses (one for "Real" BTC and one for your "Gox" BTC... must be a mtgox deposit address!) are permanently set and locked once you put them in. Also, all withdrawals are processed manually by me, once daily at (around) 11pm PST. That's because no coins are kept on the server at all, you know, just to be super safe!

So, go check it out! I hope it makes sense and you find it useful!

Thanks,
josh!

Bookmarked!  I will likely be utilizing this service in the near future!

[Sheerohtsug]

Dear Josh,


I tried to write to you again (we talked yesterday) but email returned with an error, which is rather scary :


Mail Delivery System MAILER-DAEMON @homiemail-mx21.g.dreamhost.com
9:37 PM (9 minutes ago)
to me
This is the mail system at host homiemail-mx21.g.dreamhost.com.
Final-Recipient: rfc822; josh cobra.newdream.net
Original-Recipient: rfc822;josh bitcoinbuilder.com
Action: failed
Status: 5.1.1
Remote-MTA: dns; cobra.newdream.net
Diagnostic-Code: smtp; 550 5.1.1 <josh cobra.newdream.net>: Recipient address
    rejected: User unknown in local recipient table


Do you have trouble with emails ?

I just hope you can confirm there is no problem with your great idea and site.


I m wondering if withdrawals were processed (it seems past 7PM Pst now and account still shows "You also requested 0.00547945 Real BTC and 2.68493151 Gox BTC be withdrawn (to the addresses on your account.)You can cancel them until 5pm (PST). Cancel Now?"


Thanks in advance for your kind feedback, as this delay and your email returning error is worrying me.

[catcow]

has anyone received their withdrawn BTC?

[satriani]

im waiting too for realBTC. yesterday they sent me 0,08BTC, but today they didnt. Instead of that the realBTC go back to balances and also i have more realBTC, and -11goxBTC. What is going on there??? Yosh ? my email: atlon11mb@o2.pl

[reb0rn21]

I had problem also, he did not me sand my ~38 GoxBTC and sand me this email:
Hi there,

I really really apologize for "springing" this on you, but Bitcoin Builder has taken off just today in a way I hadn't really anticipated when I launched it on Tuesday, and as such, I got some legal advice on regulatory compliance and it's recommended that I get identifying information before processing withdrawals over a certain size.

Fortunately, all I need from you in order to process your withdrawal is:

1. Your country of citizenship.
  1A. If the US, your SSN. (or if you have a US. Taxpayer ID #, that)

2. Your birthday.

3. A scan of a government-issued photo ID.

This is a one-time thing and you'll be good to go afterwards! Just email them to me here and you'll be all set.

Again, I really appreciate this and apologize for not having this policy in place before and clear on the website. I'm working right now on adding it to the web interface and adding notices, etc!

Thanks so much,
josh!



Then he agreed to give me fund prior to trade on my real BTC address... so now i should be happy even if he scamed me of 5BTC!! from trade!

[djingodjango]

has anyone received their withdrawn BTC?

Yes, I have. Over 50btc.

[Avalaxy]

I just sent 0.2 XBT to the site. It has 3 confirmations already but it doesn't show up in my account yet (clicked the refresh button multiple times): https://blockchain.info/tx/b156a18dc018db3331a3ad26747b7c50655f96859c481ae84bac15f449a1d61a.

Let's see how this goes. Btw, the ask prices are ridiculously optimistic, right now realxbt is worth more than twice the price of goxxbt, but those people still ask like 80% of the bitstamp price for their goxxbt lol.

[orchidhunter]

has anyone received their withdrawn BTC?

Yes, I have. Over 50btc.

Were you required to present any documentation?

[orchidhunter]

Btw, the ask prices are ridiculously optimistic, right now realxbt is worth more than twice the price of goxxbt, but those people still ask like 80% of the bitstamp price for their goxxbt lol.

Well, I guess it's their gamble.

If Gox really lifts the BTC transfers on Monday, that will -within seconds make these goxcoin into real BTC and a bit more (10%?). So about 30% within a few minutes is not too bad.

At any rate, I'm sure people are either hedging or don't mind taking the risk.

But if bitcointbuilder.com turns out to be an scam... well, everyone looses.
 

[pan0ramic]

He sent my 7 goxcoins to my gox account last night.

[Avalaxy]

Is there anyone who successfully deposited today? I've got 10 confirmations but my bitcoin is still not on the site.

[djingodjango]

Is there anyone who successfully deposited today? I've got 10 confirmations but my bitcoin is still not on the site.

I had the same problem, just gotta be patient, it will show up eventually.

[reb0rn21]

Well I don`t think Josh as a scammer anymore, but I knew nothing of the site and of him, my first thought was site is hacked or owner is a thief and I was really scared

I got my BTC which i had before trade so its fine, I know I made mistake before depositing to find more about the owner and site.. but for me at that time looked as I just lost something I earn a 5+ year where I am

I never expected that for BTC->BTC trade on unknown site some could ask you ID documents, if I know he is to be trusted I would have no problem to sand him my

[Avalaxy]

Alright, I finally got my deposited XBT on the site. Now let's hope the gox guys become a bit more realistic with their prices.

[reb0rn21]

I decided to go with my verification (after I verified the Josh is trustworthy) and sand my photo od ID, and now i am good to go
5min job

[spin]

Is trading open on bitcoinbuilder?  Last trade was at 12:56?  Not sure about the time zone for that timestamp?

[MikeXBT]

Alright, I finally got my deposited XBT on the site. Now let's hope the gox guys become a bit more realistic with their prices.

0.6 ratio seems quite realistic...