Topic: Mybitcoin is a scam! (Read 24616 times)

LOL bruce wagner biggest con artists bitcoin has ever seen....

Be alert,scams are flooding this market

Sorry for those who lost their money . And these types of autopay sites has always risk of runaway because admins of these sites never share contact info i have no trust in these sites

too much scams in this business come on

myBitcoin .. so Goxy before it was cool to be Goxy .. then bitcoinica, passthru bonds yer pirates, silk road, etc etc ... 1/3 or more must be in CON artist hands (or fed operatives).

 

Who are you and what's your background, Mr. Matthew N. Wright ? sounds like you are a lawyer of some sort, from your language. I hope you are not a politician, you look like one, or worse, a scammer. But you definitely don't look like one. Well anyway, what are you adding to the discussion ? Talking on forums is not pointless, it is sharing experiences and tryin' to get a grasp of what happened collectively, then something will be done.
You are just plainly asking for donations, but who will give us guarantees about the "transparent funding" you talk about, etcetera ? is there an organization looking over your organization ?

I say its a bad sign when

a) a website is nearly free, has very little revenue yet stores thousands of dollars of hard to trace bitcoins
b) has no real contact info, eg fake phone number.  The owners are not public figures and are not accountable.
c) Owners stop responding during a crisis (normally people step up with press releases etc)
d) did anybody else chuckle when the read the security press release?  That press release is full of hokey sounding security.  He might as well have said he sleeps at the colo with an m-16 to keep his VPS safe.

Did anybody have communications with the owners of Mybitcoin?


I just want to know why Gavin was pushing mybitoin.  He still links to it on his site clearcoin.  Is he a sucker or somehow involved?

Did Gavin know the owner, why did he recommend the site?

Did Bruce know the owner?   



My opinion is no wallet service run by anonymous phantoms can stay legit for very long.

As soon as I figure out http://bitcoinjs.org/ I'll be getting that setup

No more then any other ewallet I supose. Pity, mybitcoin.com worked so well for me.
Only a matter of time before another wallet becomes unreliable and those threads start rolling. -.-

Wow amazing how the people warning about mybitcoin were harassed.

If you know of a country that has Legalized Bitcoins as a Currency, I'd agree with you.
Unfortunately, there isn't any well-known established Financial Corporations that will put Bitcoins before USD (or other local currency).

Seems like your bitching and attacking other users was completely baseless.  After reading your posts in this thread I really wouldn't pay much attention to anything you post now due to some poor reading comprehension skills and general assholier-than-thou attitude.


Trust seems to be the biggest stumbling block for bitcoin is trust.  I would never put too many bitcoins in any one place due to everything we've seen from MtGox, mybitcoin, wallet trojans, etc etc.  We need some long established trusted financial corporation to get involved in bitcoin, and not trust website made by some random dude we know nothing about.

If thousands of bitcoins are lost due to this one website, the community should be up in arms and attempting to help.  I hope something is found out about the owner of this site.

I'm working on a SCI for https://bit-bank.org - hopefully I'll have it up relatively soon.

1000btc frozen, lost or stolen by MyBitcoin?

By Todd Bethell

On 12 July 2011, 1000btc MtGox to MyBitcoin.
On 28 July 2011, 1000btc MyBitcoin to MtGox.

28 June 2011, payment notification was received. 8hrs later (the site was still up) visual verification was done in account history of the transaction and correct address.
48 hrs later still no coins.

This is where I need a block explorer expert.
21 minutes after MyBitcoin received the btc block explorer shows the coins from that wallet being split and transmitted hundreds of times all the way down to 1 Satoshi.
Question:
1.   Is this normal or a sign of fraud making it impossible to track?
2.   Are all wallets effectively used as ‘pool wallets’ for payouts?
3.   While I am not accusing MyBitcoin of theft, itn’t plosible that

Block 135867 (2011-07-12 07:06:54)   1000   Received: Address   •   1DeAkzL1MBriA37pHS46Nu1xcCzJ5sPupH
1000

Block 135870 (2011-07-12 07:27:05)   1000   Sent: Address   •   17e8zfFzVkKtx4ofdeoYHhdvu1cTKCpv2r
•   1NgjsaazumvjaR3WZuLqqKEed79RneQy2Q
0
-------------------------------------------------------------------------
MyBitcoin Payment Notification
MyBitcoin Robot [[email protected]]
[email protected]
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Hello,

This is a payment notification from MyBitcoin.

You have sent Bitcoins!

Transaction Number: 245107
Transaction Date/Time: 2011-07-28 22:30:02
To: 18jsFKuKZ4w8mhdTYy9bZKKHmkZNSZrRUC
From: 19vKB489Lx1rxqS366f63mKDLXp6q3v3Ct
Amount: -1000.00
Payment Note: MtGox businessaccount1

Thank you.

-----BEGIN PGP SIGNATURE-----
Version: GnuPG/MBC v1.0

iQEcBAEBAgAGBQJOMeLqAAoJEJ+5g06lAnqF2ZYH/0FYDSmSxQa4l8+Q50e+1qEN
r9D6GXVPo5A4jXzgjtXTs2Rj2WmbLnsm2I8vc+fQFvniUiZT3nSbixVAU9wPm0w6
cTD8gNvEe+P9aNttZqGxa9xnCOVkE4ypF+n4jEmE/e3H5yh6Ix0oCI50luIeQZir
e0/5sF7ZbWDWhNta9+A6yvWYEI7KLZK+zke8EbLmB3YIDZ+EpaegrT74H6s7fHRR
cSopmnyDXX1biS8Mao7GSoTgXuPOTaMRae+4SN4pL1aoRZahWX/SsLXDj2Skjc/4
jtLBq7RLb8x3wo23IiURyzKZJr1Cw75cTULdLcNoUZajewapxIqA9DhFJK8HlSk=
=EFK8
-----END PGP SIGNATURE-----

---

Approximately 8hrs later the coins had not been credited to my MtGox account. MyBitcoin was still up. My account history showed the coins had been sent and the sent to address was verified correct.
Security Note: The instant before clicking the send button (perhaps when my mouse hovered over it) I notice a screen blink or something changed, but it was too late to avoid clicking the button.

Q1. Has my computer been compromised such that the send address was swapped at the last instant?
Q2. If this is so, how could the correct address be recorded in the MyBitcoin data base?
Q3. Is it coincidence that the MyBitcoin service has gone down for 48hrs with nary a peep from its owner? A person who was very proactive and vocal during the MtGox incident.
Q4. I’m hard pressed to think of a technical reason how or why a transaction confirmation bot would send confirmation of btc transmission before such a transmission had actually occurred. Let alone consciously programmed in this way. It would seem that the bot was part of the book keeping data base and not confirming actual transmission from a ‘hot’ wallet.
Q5. It seems that the way MyBitcoins was using the wallets of its members (pooling them as a matter of operational efficiency or draining them as a scam??) this makes it impossible to track coins or analyze if they are insolvent?
Q6. Was my 1000btc withdrawal lower to water level in his 'hot wallet' enough to show Tom was swimming without a suit? In other words, for whatever reason, he was operating insolvent?

I would not normally keep so many coins in an on-line wallet but this was in preparation for a business transaction that was delayed.

I am preparing a blog and forum post or lessons learned and recommendations going forward:

If anyone has further information please post it here and send to my email also, or give me a call.
Skype:  toddbethell
Email:  [email protected]
Cell:  1-949-394-5932

-----------------------------------------
Action taken:
Phone: +6499518329  (always busy)
Emailed: enquiries were sent to [email protected]
It is well know that Tom… only replys to ‘in-mail’ on his site.

Tom Williams
Main Street
PO Box 556
Charlestown, Nevis, KN

That, and I don't want to be bothered with all the details of the accounting. It is easier to get just a notification when the money is in.

Ahhh, now I see what the problem is.

When I have more time I can write up a full tutorial, but for now I can give you two pointers:

The easy way: https://en.bitcoin.it/wiki/Lazy_API
Not terribly secure, but still miles ahead of using a third party escrow service.

The proper way: sign up for Amazon EC2 and use their free tier service. There are plenty of good tutorials online on how to do this, but it's a little involved.
You'll end up with a fully pre-configured linux system. Next just download the official client and then apply the startup script from http://forum.bitcoin.org/?topic=965.0 and you're done.

/this

If you don't mind me asking, what's so unsatisfactory about the official client that you have to use a third party alternative?

I deposit my dollars at the bank because I have no choice. At least there's deposit insurance at the bank.

I would never let a third party hold my bitcoins, because:
1. There's no deposit insurance
2. There's no fraud protection
3. There's no accountability
4. There's no regulation
5. It's trivial to setup a "bitcoin bank", run it for a few weeks, and then run away with all the deposits. No paper work at all, just a few hundred lines of HTML and python. Don't even have to pay for any server and bandwidth (Amazon offers free small cloud instances).

Anybody any idea if this is a more reliable replacement?

http://www.bitcoinpayflow.com/

weekend, server crashes, company off for weekend, check back on Monday.

maybe... but I hope it goes online one last time.. so I can get my 1 BTC out of there...

yes.. thats disturbing... I really should have stopped using them...

Seems mybitcoin.com isn't online.

They take their depositors money.  Call them whatever you want.

I don't really think they are a scam, but their support can be slow and unresponsive sometimes. I can say however that link2voip is a reputable company. I used to have a hosted PBX with them for my business .

any news on mb being down? 

I found it funny....     The end result is that I'm here and I respond to questions... 

Please continue to update us on your findings.  Certainly seems like it's a one man operation and the owner is AWOL. 

I'm also waiting for a response about some missing bitcoins..a small amount, but I'd rather get them back than let them disappear into the void

I've gotten free bitcoins in my eWallet in their site.  It was surely weird, I know sometimes coins get lost "in the void" and I guess that they actually end up in other people's accounts.

I don't know where the funds came from, it just says P2P in the history.  It wasn't a lot, all together it was 0.26 btc.  I don't like ewallets, especially this site, because when it's down for maintenance, I'm at their mercy, and can't access MY coins until the site is back up. So I pulled out weeks ago.

This was my experience as well. Pool -> MyBitcoin autopay happened to occur during their unscheduled downtime. Deposit disappeared, and technical support never responded. I was patient... for a week. Then I pulled out.

Sorry I wasn't clear.  I didn't use the mybitcoin messaging system at first because I was locked out of my account!  It was only later that I created a new account and tried to contact "Mr Williams".  Alas, many weeks later I can report he has not responded in any way.  I gave him plenty of time to respond before I went public with this thread.

At this point I am certainly DONE with mybitcoin.com.  If anyone is foolish enough to continue leaving money with this website they deserve what they get.

So what happened?

I lost my 0.5 BTC from mybitcoin.com when mtgox crashed .

I think this is the simplest way to confirm that mybitcoin is a scam, the fact that they are not here defending themselves from all us "thieves" claiming we've been ripped off.  They are not acting like a company that has a reputation to defend and that wants to grow and prosper.  Where is the great and mysterious Tom Williams? If anyone uses mybitcoin after this thread they are asking to get ripped off.  And if I'm wrong I'm sure Tom Williams will come here to rebut me.

BitMole is not here to be helpful. He is here to start a fight. He has an agenda. Observe him.

You get a signed recepit for everything. deposits, withdraws, transfers. There is no action involving your bitcoins that doesn't include you signing something. If they can't produce a signed (by you and them) receipt showing you withdrew the funds, but you can show a receipt showing they have x balance, then you 'win' the argument.

If anyone is confused about how or why this actually works, I encourage you to read through the links above. It's a good read.

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?

You say he lost them, but surely it's not final. How long has he been trying to contact Tom?

Something is going on, but I don't think he's stealing random accounts or that this will never be resolved.

I was able to access my account and withdraw funds tonight.

I'd buy this if it hadn't already been 4 weeks since Mt. Gox, with no new statement as to how they'll fix this.

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/

Did you study any kind of maths or physics in high school?

While it may be easy to prove something DID occur (a response back from mybitcoin support), it can be impossible to prove that same thing DIDN'T occur (i.e. no response back from mybitcoin support).

Readers of this thread may also like to check out an experiment done by myself and bitbetter, where 0.01 was lost to mybitcoin.com.

Starting at this post: https://forum.bitcoin.org/index.php?topic=24548.msg327154#msg327154

Again, you seem incredibly emotionally invested in this.  You ask for proof which cannot exist, then offhand discard anecdotal claims by people who say they were defrauded.

You position is untenable, and you're a moron.

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

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).

i dont see any way how to proof that somebody cannot access the money (and if he provides proof mybitcoin would give them to him anyway [IF they are phishy and trying to continue])

with ip adresses and datetime it would - at least for a lawyer - be possible to determine if it was the same person.

an idea: force every user to enter at least one trust bitcoin address. (shown in public). if there are any complaints for a specific account just use this address to send the money to.

(i dont like that idea very much, as the main reason for mybitcoin is not having an own client)

You want a link to a transfer of bitcoins to the mybitcoin wallet, and then proof of them not returning?


You seem to be white knighting pretty passionately here for a company you aren't in any way associated with, right?

And what kind of proof would you like that a specific person lost their anonymous cryptocurrency through fraud?  Do you think at all before you post?

+1

BUT is there any way to provide proof?

i am just curios: i liked mybitcoin (concept and all). but i am really confused right now.

perhaps we can use this thread for something useful: how to proof somebody has lost bitcoins there (and how to proof that he didn't lost anything)

well--I suppose it basically means however many coins are being circulated through their system they maintain an equal number of Coins in their "master wallet."

I suppose they do this so that transactions don't need to be confirmed? but...it also means that they can remove coins from your account whenever they feel it is necessary and add it to their "master wallet."

Can you translate what that means for me? I'm not sure how this "donation" relates to passage 6.1.

I reset my password during the mtgox fiasco, but lost it immediately afterwards (my own keepass fail). It's been 3 weeks and mybitcoin have not reset my password, so I left them crappy feedback here:

http://www.bitcoinfeedback.com/viewuser.php?id=195

I'll retract that (if it's possible) and replace with a neutral if/when they reset my password. There was only 1BTC in my account at the time.

Whether your experience with them was positive or negative, I urge you to rate them too.

I actually lost .02 bitcoins (my first ones from the faucet) with them because I forgot my username and password.

But I don't blame them for that.

Checked my mybitcoin.com account after reading this thread. Still blowin' and a goin' w/ full access and all. It was made last week. Just checked an older account, made months ago, and it's fine and dandy as well. 

I can also confirm that MyBitCoin is a scam. However, I didn't lose very substantial amounts of BTC like others I have spoken with...I agree that MyBitCoin provides a useful service, but you should NEVER leave your BitCoins in your MyBitCoin account.

This is why:



This "donation" was an unauthorized transaction. They even kind of rub it in your face by adding the "Have a donation!" message. If it were a larger amount, I wouldn't actually think it was as funny.

But really--they "technically" didn't do anything wrong, because I didnt read this in their terms of service "6.1 MYBITCOIN LLC will ensure that for all Bitcoins in circulation in the MyBitcoin System there is at all times an identical quantity of unencumbered Bitcoins held in MYBITCOIN LLC's master Bitcoin wallet."

Oops.

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.

Hmmm, well I've never had a problem with MyBitcoin. I just cashed out because you guys are making me worried, but I got my bitcoins from them fine. I will continue to use their services, but I wont store excessive amounts of BTC with them. If they implement a password recovery mechanism they will solve a lot of problems.

Reports seem to be very consistent. 

(1)   Lose your password. 
(2)   No communication. 
(3)   In effect, they've kept your money. 

Let's hope that's not really their business plan... not really their intention. 

Anyone who wants to give feedback to mybitcoin.com, feel free to do so here. You may notice there's a trend there already.

http://www.bitcoinfeedback.com/viewuser.php?id=195

I would very much like to see Tom on that show.

That's a great call Bruce, I hope to see Tom on your show soon.

For the record, I do not believe that MyBitcoin.com is a scam.   I think that they -- like most bitcoin startups -- have challenges with responding to customer inquiries, and with communication in general.


AN OPEN LETTER TO TOM WILLIAMS

I would very much like to interview you on The Bitcoin Show.... (or at least a representative of MyBitcoin).   I think that putting a face and a voice behind MyBitcoin would go a very long way toward showing the community that you are real people... with the best intentions.

I told the guys at MtGox the same thing... when the hack happened... and I believe I was right.   Appearing on camera has probably been the single most important show of good faith that MtGox has done.

I hope you will consider appearing as a guest on The Bitcoin Show soon.    You know how to contact me.

Thanks.

Bruce Wagner
[email protected]
+1 646-580-0022

Need I say more, oh noob user.

What evidence would you require, oh vague user?

No issues with mybitcoin, not sure how there is allways some vague user making claims like OP yet actually provide no evidence of said claim.

Um, do you perhaps mean "libel"?

I know the US has degenerated a lot, but last time I checked, you were still allowed to have opinions.

That's what I thought at first, but I ended up using mybitcoin.com afterall.  They do provide a very useful service: instant irreversible transactions between accounts.

If I meet someone at a coffeeshop for a cash transaction, and the bitcoin have been placed in a mybitcoin account ahead of time, then the whole exchange takes only a few seconds.  The received bitcoin can be automatically forwarded to your home address for the hour-long transfer -- long after you've left the coffeeshop.  Both sides have only a small amount on mybitcoin, and only for a short time (a few hours).  And you get a timestamped email to remember the exact details.

That said, if the person you're dealing with doesn't look very shady, it's quite safe to only wait for the first confirmation.  Ten minutes or so isn't that big of a deal.

With mybitcoin.com, you should understand that you're not dealing with an established company with 1000 employees.  You're dealing with a guy.  Or at most a small group of guys.  Customer service probably isn't going to be a strength for quite some time (if ever).

My impression is that he knows a lot about computer security.  Clearly he is not a rank amateur -- read this statement on the Mt.Gox fiasco:
  https://www.mybitcoin.com/downloads/incident-report-2011-06-22.txt

He also knows something about protecting anonymity.  He's probably an American or Canadian who has set up shop offshore in order to protect himself against the coming government backlash.  I can respect that.

These are still early days for the bitcoin movement.  Perhaps mybitcoin.com will end up only serving those who really need anonymity, and other services will emerge to provide instant transactions with a friendlier (and probably less secure) interface.  Let's not jump to conclusions, either way.

Tom Williams:  Understand that your company's reputation is more important than the technical details you're busily working on right now.  Don't sacrifice one for the other.  Respond to this issue immediately, and resolve it to lettucebee's satisfaction.

I'm glad this was brought up as a defense to the claim that people are spending real money on fake internet money.

Real money doesn't matter because you can't eat it.

Never a issue when I have used mybitcoin for quick transactions. I never forget passwords though 

For the record, Bruce Wagner has always responded quickly and thoughtfully to my pleas. Thank you, Bruce. You seem like a swell fellow!

As i tried to say, i am happy with mybitcoin. But perhaps a paid for e-wallet with support would be nice for nervous people.

So you want flexcoin to charge fees to label it legit?   We're still only 90% formulated on the business model,  so if that is what people want?

We're in Pennsylvania... not Mexico.....  you're saying we're a scam because we're paying the account holders interest from what we sell in Ads and Mining?   Last I heard that's not how a Ponzi scheme is run....  unless you have a creative definition of it..  We'd love to hear how someone that isn't educated enough on the  topic discuss it... we need good laughs....  the chances are you don't even have an invite (very few people do) for Flexcoin... so you are not educated enough on Flexcoin to make any assumptions.

Your statement at best is sophomoric...  and at worse it's just liable.   

I´m using mybitcoin since some months with different accounts and never had a problem with them (beside centralization which makes Bitcoins useless and some downtimes but i dont really care about them), so i dont think its a scam, the problem is more that its for free and they dont have the money to hire support monkeys.
 

His point is.. you can't eat paper money to survive. If paper money loses its value and you can't buy food, people will work for food.

Yea I got referred to mybitcoin by a reputable bitcoin website (dont recall which one) which suggested I could have confidence in them but in view of the recent shenanigans people have experienced with them I've cut my ties. Unfortunately they have lost my trust and I wont be using their service again.

Well, obviously.  That's why when you work you're paid in hamburgers.  When I go to make a mortgage payment, I put forty quarts of milk in an envelope.  And I always make sure to bring a wheelbarrow full of corn into BestBuy, to make sure I can transact efficiently.

I know you have to be obtuse to buy into this whole charade, but come on.

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.

Bruce, where is this tutorial? Thanks!

Well, another disaster and bad publicity for bitcoin.
That's why I always disagree the Anonymity in the import business of bitcoin like bank and exchanges. I always ask the service provider to declare who they are and where they run their business.

Dude, it's business, if you really think bitcoin is a currency. Be a real merchants who with an open attitude to the publicity and take responsibilities. Please don't hide behind the Tor net and start a weird business like mybitcoin.

We will see some other liars who will claim who they are and located in somewhere of USA, and lots of people will get robbed by those liars again.

Some trustworthy centralization is unavoidable. I just hope the competition and post on this forum will drive those liars out as soon as they show the first sign of cheating.

Again, Flexcoin.com is Ponzi game. You'd better not join the game unless you're sure that you're the earlist one or the owner of the flexcoin is your fucking boy and will share with his profit with you after he runs to Mexico from U.S. where he claimed be. Or he is in Mexico now, who knows?

We're in the process of revising the BitcoinMe.com page where we recommend how to Buy, Use, and Store your Bitcoins.

The new graphic being designed right now (as we speak) will look like this:

(1)   All the forms of money

(2)   Convert it into cash

(3a)   Option 1 is to use a Local Exchanger - like btcnearme.com etc., etc.

(3b)   Option 2 is to use an Automated Online Exchanger - like tradehill.com, mtgox.com, etc., etc.

(4)   Your Bitcoin "Checking Account" - generally smaller amounts - like less than one months income - for day-to-day transactions:  Run the Bitcoin app on your PC with your wallet stored in an encrypted volume, making certain you have no viruses.  Note that running the Bitcoin app all the time is also recommended because it helps strengthen the Bitcoin Network for everyone.   (see linked video tutorial)

(5)   Your Bitcoin "Savings Account" - for larger amounts - like long-term savings:  Follow the video tutorial to create a totally secure encrypted off-line and backed-up wallet for an easy-to-use bitcoin address for making frequent "deposits" and infrequent "withdrawals".    (see linked video tutorial)

+1

A number at mybitcoin is not a real Bitcoin. The most important thing about a real Bitcoin is that nobody but you knows the private keys.

I recognize the sarcastic tone, but I couldn't understand your point.  Surely you are not saying a federal reserve note is real money, are you?  Ultimately, the only real money is something I can eat.

Let us dispense financial advice on a forum for people who paid real money for fake internet money.  You need to take better care to protect your fake internet money.  Oh that real money you've lost?  Yeah, we're not going to talk about that...

Entrusting your money to a web site registered to a PO Box in the West Indies with numerous complaints of theft is a bad idea. It really looks like their business model is to steal accounts, just not all of them at once (since that would make it too obvious that they were a scam all along).

Using an "online wallet service" is a terrible idea. You're entrusting your money to an anonymous scammer.

My loss is a bit more substantial.  Let me know if you hear anything.

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.

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.