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Topic: BTCPak - Exchange your Bitcoins for MP [$100, $250, $500 and $1000 MPs] - page 11. (Read 22644 times)

legendary
Activity: 1288
Merit: 1227
Away on an extended break
tried it out worked great.. fees made me vomit.. other than that super service!
Hey, the man's doing a service here  Wink
sr. member
Activity: 456
Merit: 250
tried it out worked great.. fees made me vomit.. other than that super service!
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
By popular demand we have expanded our offerings once more.  We are now offering the following denominations:

  • $500
  • $250
  • $100

The $500 MP offers the greatest rate.

Dan
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
We have recently expanded our offering of MP denominations.  We are now offering the following denominations:

  • $100
  • $250

As expected, the $250 MP is offered at a lower rate than the $100 MP.

Dan
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
We have sold just over $5000 worth of MPs.  

Thank you everybody!

Dan
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
Great idea for a service.  In the FAQ, you refer to your OTC rating. You might want to sign that statement with your OTC key so customers can verify you really are DBordello.

That is a good idea.  I will be sure to have that added.

Dan
vip
Activity: 447
Merit: 258
Great idea for a service.  In the FAQ, you refer to your OTC rating. You might want to sign that statement with your OTC key so customers can verify you really are DBordello.
legendary
Activity: 1736
Merit: 1000
Truly decentralized stable asset
I bought two more $100 paks.  There was a tiny glitch with one but when I e-mailed DBordello he sorted me out very quickly.  His service is top-notch.  IMHO, this is just what bitcoin needs right now.
hero member
Activity: 714
Merit: 500
legendary
Activity: 1736
Merit: 1000
Truly decentralized stable asset
I just bought a moneypak from the site and it is smooth.  Very nice interface.  Got my code as soon as the sixth confirmation hit.  This is so much nicer than the long delays for an exchange to cash me out.  The fee is worth the peace of mind.
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
I am proud to report that BTCPak has sold over $2000 worth of MP codes.  So far all of the transactions have been smooth and we have gotten positive feedback from our users.

Thank you everybody!

Dan
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
I am not exactly sure what is going on with strongcoin.  Hopefully they sort it out soon.

Strongcoin finally got a few of their issues sorted out so I was able to make transfers. Got one of the Moneypak's and the transaction went flawlessly as I reloaded the Amex page after using the Moneypak and the balance was shown on my card.

It did take about one hour for the 6 confirmations to go through. Was stuck at 4 confirmations for like 20 minutes. So if someone gets the Moneypak then make sure you keep that transaction ID safe and probably just pick it up after doing some errands, etc.

This is a great loop, although some friction at about 6% both ways, between BitInstant, BTCPak and Amex prepaid debit/ATM cards.

Great service!

I am glad that strongcoin was able to sort everything out and that you were able to utilize our service.

Unfortunately, confirmations are one of the weaknesses of the bitcoin network that we have to deal with.  Generally, if the funds are sent from the standard bitcoin client, a fee is provided and the transaction is picked up in the next block.  However, the trouble comes when people send from online wallets such as Mt. Gox or Instawallet.  These services don't always include fees and the transaction hangs out in limbo for a while.  We try to get around that by recognizing the green address of these services.

Dan
legendary
Activity: 1031
Merit: 1000
I am not exactly sure what is going on with strongcoin.  Hopefully they sort it out soon.

Strongcoin finally got a few of their issues sorted out so I was able to make transfers. Got one of the Moneypak's and the transaction went flawlessly as I reloaded the Amex page after using the Moneypak and the balance was shown on my card.

It did take about one hour for the 6 confirmations to go through. Was stuck at 4 confirmations for like 20 minutes. So if someone gets the Moneypak then make sure you keep that transaction ID safe and probably just pick it up after doing some errands, etc.

This is a great loop, although some friction at about 6% both ways, between BitInstant, BTCPak and Amex prepaid debit/ATM cards.

Great service!
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
The multiple suppliers idea makes me nervous.  Since I am 100% in possession of the MP, I know that they are valid.  If a buyer claims that a MP is invalid, it is difficult to prove who is at fault, the seller or the buyer.  So for now I think we are going to stick with a single seller model.  

Something to keep in mind. I have a friend who owns a few mobile home parks. His tenants currently deposit cash into his bank account to pay their rent. There is a good chance he would prefer Bitinstant for a few tenants every month so long as he can convert back out to cash easily with MP and Amex cards.

That sounds very interesting.  Let me know how I can be assistance to him.

Dan
legendary
Activity: 1031
Merit: 1000
The multiple suppliers idea makes me nervous.  Since I am 100% in possession of the MoneyPaks, I know that they are valid.  If a buyer claims that a MoneyPak is invalid, it is difficult to prove who is at fault, the seller or the buyer.  So for now I think we are going to stick with a single seller model. 

Something to keep in mind. I have a friend who owns a few mobile home parks. His tenants currently deposit cash into his bank account to pay their rent. There is a good chance he would prefer Bitinstant for a few tenants every month so long as he can convert back out to cash easily with MoneyPaks and Amex cards.
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
Quote
I think you may need to extend the period of time, currently what like 2 minutes?, for a transaction to be sent to the network before the transaction is closed due to lack of deposits. It seems Strongcoin.com takes a while to get a payment sent out to the network. Perhaps increase it to an hour or something.

Just to clarify, although the transaction was closed (and therefore a MP code was not released), the deposit was refunded.  

However, this bug did work slightly in your favor.  Since bitcoins are worth more now, you can purchase the same MP for slightly less.

What is odd is the transaction does not show up in the blockchain. It does show up in Strongcoin.com's transaction history but the link to the transaction shows an error and that no transaction exists. I think Strongcoin is having issues. Anyone else having problems with Strongcoin?

The MPs are Sold Out. Need moar MPs!

Would be really cool if you added the ability for there to be multiple suppliers who can be rated or at least have the transactions closed with a satisfactory remark from buyers. Then this informal hawala network could scale better. You could take a small fee as the trust agent.

I am not exactly sure what is going on with strongcoin.  Hopefully they sort it out soon.

The multiple suppliers idea makes me nervous.  Since I am 100% in possession of the MPs, I know that they are valid.  If a buyer claims that a MP is invalid, it is difficult to prove who is at fault, the seller or the buyer.  So for now I think we are going to stick with a single seller model.  

I apologize for the sold out page.  That was a little bug that popped up (erring on the side of saftey).  Don't worry, we are fully loaded and waiting for your bitcoins.  
legendary
Activity: 1031
Merit: 1000
Quote
I think you may need to extend the period of time, currently what like 2 minutes?, for a transaction to be sent to the network before the transaction is closed due to lack of deposits. It seems Strongcoin.com takes a while to get a payment sent out to the network. Perhaps increase it to an hour or something.

Just to clarify, although the transaction was closed (and therefore a MoneyPak code was not released), the deposit was refunded. 

However, this bug did work slightly in your favor.  Since bitcoins are worth more now, you can purchase the same MoneyPak for slightly less.

What is odd is the transaction does not show up in the blockchain. It does show up in Strongcoin.com's transaction history but the link to the transaction shows an error and that no transaction exists. I think Strongcoin is having issues. Anyone else having problems with Strongcoin?

The MoneyPaks are Sold Out. Need moar MoneyPaks!

Would be really cool if you added the ability for there to be multiple suppliers who can be rated or at least have the transactions closed with a satisfactory remark from buyers. Then this informal hawala network could scale better. You could take a small fee as the trust agent.
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
If you sent your Bitcoins from the Mt. Gox or Instawallet green address, your MP code is released immediately!  Otherwise the MP code is available after 6 network confirmations.  

I think you may need to extend the period of time, currently what like 2 minutes?, for a transaction to be sent to the network before the transaction is closed due to lack of deposits. It seems Strongcoin.com takes a while to get a payment sent out to the network. Perhaps increase it to an hour or something.

Just to clarify, although the transaction was closed (and therefore a MP code was not released), the deposit was refunded.  

However, this bug did work slightly in your favor.  Since bitcoins are worth more now, you can purchase the same MP for slightly less.

Sorry for the hassle,  

Dan
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
If you sent your Bitcoins from the Mt. Gox or Instawallet green address, your MoneyPak code is released immediately!  Otherwise the MoneyPak code is available after 6 network confirmations.  

I think you may need to extend the period of time, currently what like 2 minutes?, for a transaction to be sent to the network before the transaction is closed due to lack of deposits. It seems Strongcoin.com takes a while to get a payment sent out to the network. Perhaps increase it to an hour or something.

Thank you for the comment.  The timeout on the transaction has been extended.

It is odd that strongcoin is taking so long for a transaction to hit the bitcoin network.  Most other clients send the transaction immediately.  I will investigate the issue.

Dan
legendary
Activity: 1031
Merit: 1000
If you sent your Bitcoins from the Mt. Gox or Instawallet green address, your MoneyPak code is released immediately!  Otherwise the MoneyPak code is available after 6 network confirmations. 

I think you may need to extend the period of time, currently what like 2 minutes?, for a transaction to be sent to the network before the transaction is closed due to lack of deposits. It seems Strongcoin.com takes a while to get a payment sent out to the network. Perhaps increase it to an hour or something.
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