MyBitcoin stole 2 bitcoins from me - page 2.

Mt.Fun

member

Activity: 75

Merit: 10

Quote from: hank on July 29, 2011, 07:10:18 PM

Quote from: JoelKatz on July 29, 2011, 06:28:09 PM

If you initiate a transaction, wait a few hours, and the transaction doesn't appear in block explorer, then the coins weren't sent. Placing a transaction in the public hash chain is essentially the definition of "sent" in this context.

Exactly, for Mt. Fun and I MyBitcoin is deducting funds from our accounts but not initiating a transaction to the recipient.

Exactly correct. The funds sent appear in the block explorer and arrived in Mybitcoin. Then I sent them from Mybitcoin to another wallet and they never got there and the transaction is not in the block explorer but Mybitcoin records the payment as sent.

dancupid

hero member

Activity: 955

Merit: 1002

The site does appear to be down.

Ryuguy

newbie

Activity: 40

Merit: 0

Good to know. Thank you!

hank

newbie

Activity: 10

Merit: 0

Quote from: JoelKatz on July 29, 2011, 06:28:09 PM

If you initiate a transaction, wait a few hours, and the transaction doesn't appear in block explorer, then the coins weren't sent. Placing a transaction in the public hash chain is essentially the definition of "sent" in this context.

Exactly, for Mt. Fun and I MyBitcoin is deducting funds from our accounts but not initiating a transaction to the recipient.

hank

newbie

Activity: 10

Merit: 0

Quote from: casascius on July 29, 2011, 06:31:24 PM

Quote from: hank on July 29, 2011, 06:01:22 PM

...Even stranger is that the incoming transfer from another mybitcoin user with which I funded the outgoing transfer is not present in block explorer either! It seems I never had the money I never received. Huh

...

This particular detail is consistent with how it is advertised. MyBitcoin-to-MyBitcoin transfers are done on MyBitcoin's records and not on the block chain.

That's good to know, especially when searching block explorer - coins involved in a transfer might come from some other address.

casascius

vip

Activity: 1386

Merit: 1140

The Casascius 1oz 10BTC Silver Round (w/ Gold B)

Quote from: hank on July 29, 2011, 06:01:22 PM

...Even stranger is that the incoming transfer from another mybitcoin user with which I funded the outgoing transfer is not present in block explorer either! It seems I never had the money I never received. Huh

...

This particular detail is consistent with how it is advertised. MyBitcoin-to-MyBitcoin transfers are done on MyBitcoin's records and not on the block chain.

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

If you initiate a transaction, wait a few hours, and the transaction doesn't appear in block explorer, then the coins weren't sent. Placing a transaction in the public hash chain is essentially the definition of "sent" in this context.

strigona

newbie

Activity: 21

Merit: 0

Quote from: Mt.Fun on July 29, 2011, 10:08:30 AM

Why is Mybitcoin.com advertised all over the place like they are some sort of reliable bitcoin service? I sent them a little over 2 Bitcoins and they appeared in my account very fast. I then withdrew them from Mybitcoin.com and sent them somewhere else only to find they never got there. I tried using their internal messaging system and no reply. It has been almost 24 hours and my Bitcoins are still missing. The balance on Mybitcoin.com is back to 0 and the transfer history shows they were sent, however, the address I sent them to does not appear in the block explorer. I am sure they were never sent and Mybitcoin.com has my balance at zero. I ask again: Why is Mybitcoin.com treated as a legitimate business? Once this happened I searched for info about this company and all I found was several people saying they were robbed too. Mybitcoin.com deserves to get sued and the Bitcoin community needs to blacklist them publicly so newbies don't get discouraged after being robbed.

I know it's been several hours since this thread was started but... it can take some time for transactions to be processed and appear in Block Explorer and your wallet. If you haven't downloaded all of the blocks on your computer then you won't be able to see your incoming transaction. You have not provided us with the address that you sent your bitcoins to and have left us no way of verifying your claim.

I'm just covering some of the basics and I'm not defending MyBitcoin at all. I just checked and their site is down, who knows why or when it'll be up.

hank

newbie

Activity: 10

Merit: 0

Also having trouble with MyBitcoin...

Transfer was confirmed on their website, but no trace in block explorer. Even stranger is that the incoming transfer from another mybitcoin user with which I funded the outgoing transfer is not present in block explorer either! It seems I never had the money I never received. Huh

Now the mybitcoin site is down and I'm wondering if I will ever see that currency again.

Maybe (hopefully) they took the site down after noticing these problems and the outstanding transfers will be initiated when (if) it comes back online.

This is a huge headache.

Mt.Fun

member

Activity: 75

Merit: 10

Quote from: edd on July 29, 2011, 03:23:25 PM

If the destination address has been used before, shouldn't it show up in blockexplorer even if this transaction was somehow invalidated?

yes the original transaction with that address is in the block explorer but not the one from mybitcoin. they were for different amounts and made on different days so it is obvious.

edd

donator

Activity: 1414

Merit: 1002

If the destination address has been used before, shouldn't it show up in blockexplorer even if this transaction was somehow invalidated?

dayfall

sr. member

Activity: 312

Merit: 250

Does it show up in http://bitcoincharts.com/bitcoin/?

Xephan

newbie

Activity: 42

Merit: 0

Quote from: Lord T on July 29, 2011, 01:11:14 PM

Makes sense. If it does not exist the key has not yet been created so it should be detected at send. So it should not send to an invalid address. Does it though?

An invalid address is not the same as a non-existent address Cheesy

Something like this "mywalletaddress" would be invalid and non-existent
Something that looks like this "186q9YUW3x8TVHC5aYBEqgZZYMxft8Cw9f" may be valid but non-existent.

Quote

If it was valid but the wallet was offline, it would have a valid key and be sent. Wouldn't it then wait till the wallet was online?

If not I need to leave my wallet online all the time to wait for the millions I am being sent. That doesn't sound right.

No, all transactions are pushed into the network and recorded in the blocks regardless of whether the address is online. When you bring your wallet online, it will scan the newer blocks for addresses that you are using, then update itself accordingly.

So in theory somebody could fire up their wallet 50 years from now and immediately receive some bitcoins from a mistaken transaction done today.

Lord T

newbie

Activity: 12

Merit: 0

Quote from: SgtSpike on July 29, 2011, 12:57:29 PM

Quote from: Lord T on July 29, 2011, 12:52:08 PM

Quote from: Xephan on July 29, 2011, 12:02:44 PM

It's lost permanently if the address is valid but non-existent. If invalid, the client won't even send it out I believe.

Interesting. Won't it just wait until the wallet comes back online. In the case of someone sending to a valid address not yet created would it not suddenly gain that amount when it was created?

I thought it's a bit like a text message. Waits till it turns on then sends it.

If not people need to leave their wallets on all the time and we know that isn't true. So maybe if there was a time limit of X days/weeks/months?

You are getting confused.

You can send to a bitcoin address that is in no one's wallet, which is what Xephan was referring to. In this case, the bitcoins are effectively lost (it would take billions of years to accidentally stumble on the private key related to that bitcoin address).

Makes sense. If it does not exist the key has not yet been created so it should be detected at send. So it should not send to an invalid address. Does it though?

If it was valid but the wallet was offline, it would have a valid key and be sent. Wouldn't it then wait till the wallet was online?

If not I need to leave my wallet online all the time to wait for the millions I am being sent. That doesn't sound right.

Oldminer

legendary

Activity: 1022

Merit: 1001

I suggest staying away from mybitcoin. As I speak, their page doesnt even load...

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: Lord T on July 29, 2011, 12:52:08 PM

Quote from: Xephan on July 29, 2011, 12:02:44 PM

It's lost permanently if the address is valid but non-existent. If invalid, the client won't even send it out I believe.

Interesting. Won't it just wait until the wallet comes back online. In the case of someone sending to a valid address not yet created would it not suddenly gain that amount when it was created?

I thought it's a bit like a text message. Waits till it turns on then sends it.

If not people need to leave their wallets on all the time and we know that isn't true. So maybe if there was a time limit of X days/weeks/months?

You are getting confused.

You can send to a bitcoin address that is in no one's wallet, which is what Xephan was referring to. In this case, the bitcoins are effectively lost (it would take billions of years to accidentally stumble on the private key related to that bitcoin address).

Lord T

newbie

Activity: 12

Merit: 0

Quote from: Xephan on July 29, 2011, 12:02:44 PM

It's lost permanently if the address is valid but non-existent. If invalid, the client won't even send it out I believe.

Interesting. Won't it just wait until the wallet comes back online. In the case of someone sending to a valid address not yet created would it not suddenly gain that amount when it was created?

I thought it's a bit like a text message. Waits till it turns on then sends it.

If not people need to leave their wallets on all the time and we know that isn't true. So maybe if there was a time limit of X days/weeks/months?

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: Mt.Fun on July 29, 2011, 11:58:51 AM

Quote from: dancupid on July 29, 2011, 11:47:28 AM

What's the address? Just check it on http://blockexplorer.com/. Maybe there is a problem with your bitcoin client.

Doesn't appear on blockexplorer. Leads me to believe it was never sent and mybitcoin just kept the BTC and set my balance to 0.

If it's not on blockexplorer, then it wasn't sent. Sounds like you were scammed... Cry

I don't believe anyone has ever been successful in contacting anyone involved in the site.

Xephan

newbie

Activity: 42

Merit: 0

Quote from: rampa on July 29, 2011, 11:37:03 AM

Quote from: Mt.Fun on July 29, 2011, 11:15:11 AM

very depressing as that was my first mt. gox transaction. spent $30 and I can't justify losing money to bitcoin. seriously considering forgetting about bitcoin entirely.

consider starting a new thread asking what happens if somebody send btc to an invalid address.... may be somebody can give light about this. may be the transfer will return, but i dint know....

It's lost permanently if the address is valid but non-existent. If invalid, the client won't even send it out I believe.

Mt.Fun

member

Activity: 75

Merit: 10

Quote from: dancupid on July 29, 2011, 11:47:28 AM

What's the address? Just check it on http://blockexplorer.com/. Maybe there is a problem with your bitcoin client.

Doesn't appear on blockexplorer. Leads me to believe it was never sent and mybitcoin just kept the BTC and set my balance to 0.

Topic: MyBitcoin stole 2 bitcoins from me - page 2. (Read 3779 times)