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Author Topic: Intersango exchange (formerly Britcoin)  (Read 71021 times)
icicle
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June 09, 2011, 11:47:04 AM
 #221

Well if you got yours in a couple of hours while I've waited 9 days then there's a problem. On the 6th I sent a message to webmaster@britcoin.co.uk asking him to look into it.

Yeah, I've waited 6 days (though only 4 working days to be fair) and not had anything come through. 2 hours is a bit of an annoyance, I would have had a 50% rise on my order since then Sad

UID: 1184

If you are so eager to buy BitCoins and the exchange is not doing it, perhaps you can buy some over the counter? I'm sure there's some guys in the UK willing to accept a bank transfer to send you some of their BitCoins.


That is actually a very good idea. I will remember it for next time, thank you!

This time, sadly, all the cash I had allocated to this project has been in financial limbo somewhere between Mr Taaki's account and Britcoin since the 31st, so I can't spend it elsewhere.

Besides which, right now might well have been the time I'd have chosen to sell. But I don't know for sure. I have not examined the chart too well as I found the prospect depressing.

Oh well, there is always another day and another market.

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nopasaran
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June 09, 2011, 12:00:52 PM
 #222

"Down for maintenance."
tomfluff
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June 09, 2011, 12:10:44 PM
 #223

Site is still down for maintenance here.

Still a great service Genjix is providing. It's just a shame my money is in GBP whilst the prices are rising Sad Hopefully it's back up soon.

Genjix are you a one man army coding this site or is there a group of you?
snaz30
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June 09, 2011, 12:12:02 PM
 #224

icicle... Yeah i feel your pain dude that must suck... I cant talk for britcoin really so i have no idea what's happened in your case... All i can suggest is try to e mail again... Also the guy is offering a free service and you can imagine how many people are using it, mistakes are bound to happen, i know it's tough when its you, but just try to stay positive... I hope you get the matter resolved soon... It's a bit worrying that the britcoin charts have just seemed to stop... Hopefully we'll have news of what.s going on soon.
Calibre
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June 09, 2011, 12:37:43 PM
 #225

I suspect that if the back-end is still down/broken then that would cause the lack of updates on bitcoincharts and would also explain any delays in bank transfers materialising in user profiles. The funds (including my own) are probably sat in the bank account, but genjix is remaining as cautious as ever (as he has done so far) to ensure that nothing gets screwed up during these platform changes.

Fingers crossed that he can get everything back to normal and stable before the price starts to motor again!  Smiley
genjix
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June 09, 2011, 12:39:50 PM
 #226

We are really sorry for these delays. We are working full time to get this fixed. We have just moved servers and in the future we will be moving bank accounts. Although we are having some delays now, these switches are all being done to increase site security and to be able to seemlessly scale with future volume.

Thank you for your patience.
Calibre
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June 09, 2011, 12:42:41 PM
 #227

Thanks for the update!  Smiley

Can you tell us what impact this has on processing bank deposits? Is there any kind of backlog at the moment? It would be good to get a view on how quickly or otherwise transfers will be processed.
jonathan
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June 09, 2011, 02:09:08 PM
 #228

Genjix, you are--or might be feeling--under a fuckload of pressure here. I hope you are coping OK. Don't let this all get you down! You have done some great work. What's the addy to send you a btc contribution?
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June 09, 2011, 02:43:45 PM
 #229

Thank you, that is much appreciated. I am not taking donations now though as that may have legal implications.

Yesterday during the day, before the server change over, we processed all the deposits and withdraws. We are hoping to be able to do the same thing tomorrow during bank hours. Once we have fully switched servers, we plan to process deposits and withdaws daily during bank hours so that people in the UK will be able to deposit and have the funds in their account same day (if they deposit early in the day). Same for cashouts.
Calibre
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June 09, 2011, 03:00:13 PM
 #230

Thanks genjix - these updates are very much appreciated.

Just a quick question - would you have any objection to users making cash deposits at bank branches? I could understand you objecting to this (although there is nothing to stop people trying anyway) just in case the reference number was not captured/entered correctly by the teller at the time of deposit.
janice
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June 09, 2011, 03:40:02 PM
 #231

Thanks genjix - these updates are very much appreciated.

Just a quick question - would you have any objection to users making cash deposits at bank branches? I could understand you objecting to this (although there is nothing to stop people trying anyway) just in case the reference number was not captured/entered correctly by the teller at the time of deposit.

If BritCoin opt to operate out of the UK, they will be bound by the UK Money Laundering Regulations: http://www.legislation.gov.uk/uksi/2007/2157/regulation/20/made

That typically makes it impractical to accept funds by "anonymous" donations, else you risk an early morning wake up: http://www.guardian.co.uk/world/2011/jan/05/police-smash-london-drug-gangster-syndicate

"the nearby Euro Foreign Exchange, through which up to £1m a day in drug money would be laundered"



Jobbernowl
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June 09, 2011, 03:51:55 PM
 #232

If BritCoin opt to operate out of the UK, they will be bound by the UK Money Laundering Regulations: http://www.legislation.gov.uk/uksi/2007/2157/regulation/20/made
That legislation looks like it pretty neatly covers Britcoin's operations. Is there a reason for them to be exempt from needing to do all that scrutiny of customers and transactions stuff?
Calibre
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June 09, 2011, 03:58:57 PM
 #233

Ahhhh... of course, that makes a lot of sense. Bank transfers are traceable and non-anonymous, cash payments are not (or rather, considerably less so).

How on earth am I going to be able to launder my profits from prostitution and crack dealing now?  Grin
Calibre
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June 09, 2011, 04:01:29 PM
 #234

If BritCoin opt to operate out of the UK, they will be bound by the UK Money Laundering Regulations: http://www.legislation.gov.uk/uksi/2007/2157/regulation/20/made
That legislation looks like it pretty neatly covers Britcoin's operations. Is there a reason for them to be exempt from needing to do all that scrutiny of customers and transactions stuff?

I think the only weak element there is the use of OpenID, where customer contact details are not explicitly requested, and the non-verification of customer identity (copy of a utility bill, driving licence, passport, etc).
Floomi
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June 09, 2011, 04:15:42 PM
 #235

Fairly sure Genjix said a few pages back the new version won't be accepting OpenID.
Jobbernowl
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June 09, 2011, 04:22:58 PM
 #236

I wonder if we'll have to provide proof of identity in future? I'm fine with that myself, but I guess the libertarians won't be...
Floomi
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June 09, 2011, 04:37:28 PM
 #237

Then they can set up their own exchange and use that instead. Or convert to dollars and trade on Mt. Gox.

This is, of course, pure speculation.
Calibre
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June 09, 2011, 04:41:03 PM
 #238

That's a lot of manual work (read: high costs) that would need to be re-couped through charges, most likely. People don't come (very) cheap.

I'm also comfortable with proof of ID, and to be honest I think it's the way markets will need to go if they want to ward off being shutdown - although if governments go after Bitcoin in general, then that will be a bit of a moot point.
The Koolio
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June 09, 2011, 06:09:14 PM
 #239

britcoin still down or is it my rig?

1. Litecoin 2. Bitcoin 3. Any of the Anon coins
snaz30
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June 09, 2011, 06:17:25 PM
 #240

The Koolio... Yeah it looks that way mate, it's down for me too... I'm sure it will be back by tomorrow... Gutting though aint it... I miss checking the rates :-(
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