Topic: Mybitcoin is a scam! - page 2. (Read 24616 times)

Seems mybitcoin.com isn't online.

Alright, I'll make it official. Mybitcoin is not a company to do business with. Avoid them at all costs.

Over a week ago my login credentials didn't work. Only at that time did I realize that mybitcoin has no way to recover passwords.  I found previous threads where people had trouble with mybitcoin (duh) and tried the email under whois ([email protected]) which didn't work. I created a second account to send a message about my first account, but now, days later, still no response.

Please also avoid their banner ad company, Link2voip, also. Nothing against them, but maybe if Link2voip feels a little shun they will pressure mybitcoin to come clean.

Mybitcoin's behavior is a little confusing because they apparently were, at one time, a good service.  They have put a considerable effort into their site, they seem to have ambitions to expand as a bitcoin business, and their proprietor, Mr Williams, came forth and acted all CEOish during the recent Mt Gox debacle.

Unfortunately, new users are often being steered into their clutches. Bitcoinme.com pretty much tells new users to put their coins into Mybitcoin:


Check out a better image at:

http://bitcoinme.com/index.php/buy/

I have asked Bruce Wagner of bitcoinme.com to stop promoting them and he said he would, but we'll see. I am on a campaign to get the truth out about mybitcoin.  If they come clean I will be the first to announce it.  If you have any helpful information or have a similar story to tell I hope you will include it here.

Thanks for your attention.

"we need good laughs..." is not the words I want to hear coming from my banker.

UPDATE: No response on the messaging system from my inquiry. Time to start an official investigation.

First I'll use the PO box and supposed name of the spokesperson for the site and see if I can't find any public records that might match.

This might end in me flying to West Indies, but we might find out the owner is dead. Does anyone else ever think of these things?

I lost 0.5 BTC to them during an autopay when they went down on the 3rd.  I emailed and received no response so far.  FFS it's only 0.5 BTC, but it's my 1/2 coin not theirs. 

I will be patient, but I will not send any more coins to them until this is cleared up and may just send directly to Gox in the future.

Observe some common sense. You have a problem with MyBitCoin; you post an obscure thread about it on bitcoin.org; the unnotified third party owner of MyBitCoin understandably does not participate in the thread (how could they without knowing it exists?); this somehow proves their guilt.

So if I have an issue with your site, you provide an internal messaging system that I dont use, i start a thread on some forum somewhere, and you don't post on it, does that make you a crook?

i think it could be possible to proof the following through blockexplorer:

 - transfer btc to mybitcoin
 - ip adress of sender
 - mybitcoin did keep the btc
 - or ip adress of recipient

(but: i think mybitcoin has to help us here by providing the adresses and the guarantee its not moving btc internal).

Is a receipt enough? Won't you also need to show that you never withdrew the coins in order to prove you were actually stolen from?

A solution to this kind of problem is for wallet services to offer 'signed receipts' for all transactions, and only carry out transactions for which the customer first signed a request.

Then in the case of a dispute a customer can simply present as evidence their receipt (which has the account balance on it), with their digital signature and the wallet providers signature. Whoever has the most recent receipt 'wins' the argument (because everyones signature is on it).

https://github.com/FellowTraveler/Open-Transactions/wiki/Triple-Signed-Receipts
http://iang.org/papers/triple_entry.html
http://truledger.com/

I just got an email from one of my best friends...

He lost 1000 Bitcoins on MyBitcoin.com   

He has heard no reply whatsoever to any of his emails to them.

Of course, I am the one who recommended MyBitcoin to him.

Imagine how I feel about that.

Lettucebee, I sympathize with your situation.  You may have found one of the threads I started when you did your forum history search for MyBitcoin-related threads.  I've had various problems with them over the last 8 months.  I don't really believe the owner/operator of the site is trying to scam people though.  He's probably just overwhelmed with the level of work required to maintain a free site.  I've suggested that there is a market opportunity for a fee-for-service version of MyBitcoin.  Maybe make it free to hold personal wallets but charge businesses for the API.  At any rate, I hope you recover your coins.