BitPay is operated by PayPal

[BlackhatEspeed]

If this is a continuing thing that I have to contact BitPay for a refund on orders, your API is crap. This seems to be a very possible lets act like PayPal scheme that may or may not be in the best interest of purchasers. There is no reason why I should have to contact you over my money to get it back for a transaction I made in a system that doesn't even allow this middleman crap in the API.

BitPay is just Paypal. They have maimed the application program interface in their favor. They provide 15 minute windows to complete transactions even though everyone in the history of BTC knows that 6 confirmations are the standards from the Blockchain. They use this to their advantage to sit on the BTC that confirms outside the 15 minute window.

I sent .4 BTC to BitPay and it confirmed and it's still there in the wallet ID that they "generated" with the API except they are sitting on that BTC and probably using it for other purposes. These clowns have literally tried to turn BTC into Paypal. I'm sure if they continue these ludicrous 15 minute window transactions then people will shut them down especially if they claim to accept payments on behalf of 50,000 businesses.

[Blazr]

They provide 15 minute windows to complete transactions even though everyone in the history of BTC knows that 6 confirmations are the standards from the Blockchain. They use this to their advantage to sit on the BTC that confirms outside the 15 minute window.

I haven't used BitPay a lot and I've never used it from the merchant side, but from the buyers side, BitPay normally marks my low-value orders as paid a couple of seconds after I push send on my wallet. They do not wait 6 confirms. I believe once they see an unconfirmed tx with the right amount of fees they ensure its properly broadcasted across the network and take the small risk of a double spend.

[BlackhatEspeed]

Typical PayPal responses:



I can see that I sent them BTC on the blockchain and they have received it and then they respond saying it will be 1 or 2 business days in order to return my payment...



PayPal tried to sit on my large transactions for 6 months and that's the entire reason why BTC and other Cryptos were made, BitPay has literally built a software wall in front of BTC and is using randomly generated wallets to sit on BTC.

[BlackhatEspeed]

[qwk]

BitPay is just Paypal. They have maimed the application program interface in their favor. They provide 15 minute windows to complete transactions even though everyone in the history of BTC knows that 6 confirmations are the standards from the Blockchain. They use this to their advantage to sit on the BTC that confirms outside the 15 minute window.

[    ] you understand how Bitcoin works
[    ] you understand how bitpay works
[ x ] you are a racist

Go away.

[mayax]

do not believe what you read. 50K merchants ... hahahah

[BlackhatEspeed]

PayPal tried to scam me out of tens of thousands of dollars. I'll call them whatever I please when they steal my money.

Besides there was never supposed to be a "bitcoin foundation" you act like you speak on behalf of a system that was never supposed to be spoken on behalf of.

Bitpay is the main reason why Bitcoin price is down so low.

That and all the pump and dumps that don't try to increase peer to peer use.

BitPay is PayPal just google it. They are owned by PayPal. The jewery will never end with PayPal or BitPay as they design the systems to do the exact opposite of what it was originally designed to do. Jimbit is right, use DarkCoin if you want to get rid of these bastards.

Bitpay is just trying to turn BitCoin into PayPal so they can sit on transactions at their discretion. That is what this new feature is. They are destroying BitCoin, never use BitPay to conduct a BitCoin transaction.

The only real solution at this point to all the noobs showing up to the party 5 years late and trying to "live" off BTC is DarkCoin, people like BitPay who literally wrote an API to counter the API that was in place to install their Jewery. That's what this new "impulse" feature is, there is nothing glorious about this, it should literally be called the Jew Function.

What they do is they have you send BTC to a randomly generated BitPay wallet so they can ultimately have the overall decision on when and where the funds are received. These kinds of BS ecash systems like PayPal are the exact reason why BTC was created to get rid of assholes like this and here they are to squat on BTC because they don't wont to miss out on the possibility to get into everyone's money and snatch it.

They are trying to use every excuse in the book, like telling me that my block rewards were not verified, get the hell out of here, the pool I'm in has NEVER paid a orphaned block to 1 person in the pool and it takes 120 verifications for me to even receive those coins.

Don't know how BitCoin works, get the hell out of here.
My bitcoin is minted fresh and unmolested and confirmed.