MyBitcoin.com, where did it go? - page 2.

hank

newbie

Activity: 10

Merit: 0

If all these bitcoins stored on MyBitcoin are in fact gone, does the price of bitcoins go up due to a lowered supply, or down due to a lack of confidence infused into the market?

I wondered myself if it was an attempt at market manipulation, but I think the only way it would drive the price up is if the market was in a rapid downturn - that is, confidence was already so low that only freezing accounts would stop people from selling off their coins.

NothinG

hero member

Activity: 560

Merit: 500

Quote from: ?? on ??

If all these bitcoins stored on MyBitcoin are in fact gone, does the price of bitcoins go up due to a lowered supply, or down due to a lack of confidence infused into the market?

If the owner decides to trade the bitcoins over the public market, no doubt the market will move dramatically.

[Edit]: Post 400 =D

Johnny Pizza

newbie

Activity: 28

Merit: 0

Quote from: kiba on July 31, 2011, 11:22:16 AM

Can't take much more of this.

Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.

AND GOD DAMN GET A OFFSITE STATUS PAGE BLOG!

* kiba finished venting.

Move on, nothing to see here.

You might as well kiss your coins goodbye. They're gone. Get over it.

julz

legendary

Activity: 1092

Merit: 1001

Quote from: piramida on July 31, 2011, 06:17:30 PM

Quote from: cypherdoc on July 31, 2011, 10:41:39 AM

clearly Jan Vornberger of Instawallet is a trusted community member who won't run off with your money. in the past he's responded quickly to emails from me of a non IW nature. he also runs Bitcoin Monitor which is a staple of the community as well. he's constantly innovating and appears to be of a cheerful nature.

He may be the best person on earth, but anyone putting anything over couple BTCs into this instawallet is crazy or clueless really. These wallets are not even protected (no, password in a HTTPS url is not good enough), of course it is very convenient and fast to use but it's like your cash stored in a public library between books. Only good until someone decides to take it from you.

Do you know of a specific mechanism by which someone could take it from you?
As far as I can see - it's infeasible to 'guess' a wallet address.
If you don't leak it - then theoretically only you (and instawallet) should know of a wallet's existence.
(spy software on your computer is also risk.. but that goes for any bitcoin service)

The greatest risk I can see is losing your wallet address - which presumably leaves the coins available for instawallet to claim for themselves at some point.
It's disturbing that the operator doesn't clarify what happens to these 'lost' wallets - or how long before they decide it is lost
(if in fact they do.. but if wallets are sitting with no activity for 5+ years.. don't you think they'd be tempted to just.. reclaim them?)

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: cypherdoc on July 31, 2011, 10:41:39 AM

clearly Jan Vornberger of Instawallet is a trusted community member who won't run off with your money. in the past he's responded quickly to emails from me of a non IW nature. he also runs Bitcoin Monitor which is a staple of the community as well. he's constantly innovating and appears to be of a cheerful nature.

He may be the best person on earth, but anyone putting anything over couple BTCs into this instawallet is crazy or clueless really. These wallets are not even protected (no, password in a HTTPS url is not good enough), of course it is very convenient and fast to use but it's like your cash stored in a public library between books. Only good until someone decides to take it from you.

Mt.Fun

member

Activity: 75

Merit: 10

Quote from: Nicolai Larsen on July 31, 2011, 11:53:58 AM

There's also Walletbit.com

Works deliciously ^^

Unless/Until they abscond with your Bitcoins...

Nicolai Larsen

sr. member

Activity: 331

Merit: 250

Earthling

There's also Walletbit.com

Works deliciously ^^

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: MagicalTux on July 31, 2011, 11:28:13 AM

Quote from: cypherdoc on July 31, 2011, 10:59:06 AM

Quote from: MagicalTux on July 30, 2011, 09:24:51 PM

Quote from: EricSU on July 30, 2011, 08:07:18 PM

The problem I have with your merchant system is that your site is extremely slow processing bitcoin deposits.
Often it is 1 hour or more, and mybitcoin did it in a few seconds.
Yes I realize the risk in this, but the services I sell are time sensitive, I cannot hold it for an hour to see if the customer pays or not.
It would be great your API could instantly tell me when a payment is received (even if I have to wait for it to be confirmed in block chain before I can spend it).

We can make that happen too, a first notification when payment is on the bitcoin network. However we cannot guarantee it'll be confirmed (that's up to miners).

MT; if both buyer and merchant have mtgox accts couldn't you make the tx's instantaneous?

Yep, in /that/ case it's instant and non-reversible.

MT: so whats the official explanation for this AM's bug?

MagicalTux

vip

Activity: 608

Merit: 501

-

Quote from: cypherdoc on July 31, 2011, 10:59:06 AM

Quote from: MagicalTux on July 30, 2011, 09:24:51 PM

Quote from: EricSU on July 30, 2011, 08:07:18 PM

The problem I have with your merchant system is that your site is extremely slow processing bitcoin deposits.
Often it is 1 hour or more, and mybitcoin did it in a few seconds.
Yes I realize the risk in this, but the services I sell are time sensitive, I cannot hold it for an hour to see if the customer pays or not.
It would be great your API could instantly tell me when a payment is received (even if I have to wait for it to be confirmed in block chain before I can spend it).

We can make that happen too, a first notification when payment is on the bitcoin network. However we cannot guarantee it'll be confirmed (that's up to miners).

MT; if both buyer and merchant have mtgox accts couldn't you make the tx's instantaneous?

Yep, in /that/ case it's instant and non-reversible.

kiba

legendary

Activity: 980

Merit: 1020

Can't take much more of this.

Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.
Please let it be back. Please let it be back.

AND GOD DAMN GET A OFFSITE STATUS PAGE BLOG!

* kiba finished venting.

Move on, nothing to see here.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: kiba on July 31, 2011, 10:44:17 AM

Quote from: cypherdoc on July 31, 2011, 10:41:39 AM

clearly Jan Vornberger of Instawallet is a trusted community member who won't run off with your money. in the past he's responded quickly to emails from me of a non IW nature. he also runs Bitcoin Monitor which is a staple of the community as well. he's constantly innovating and appears to be of a cheerful nature.

Does he use twitter? Or have a status page not hosted here?

Jan Vornberger <[email protected]>

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: MagicalTux on July 30, 2011, 09:24:51 PM

Quote from: EricSU on July 30, 2011, 08:07:18 PM

The problem I have with your merchant system is that your site is extremely slow processing bitcoin deposits.
Often it is 1 hour or more, and mybitcoin did it in a few seconds.
Yes I realize the risk in this, but the services I sell are time sensitive, I cannot hold it for an hour to see if the customer pays or not.
It would be great your API could instantly tell me when a payment is received (even if I have to wait for it to be confirmed in block chain before I can spend it).

We can make that happen too, a first notification when payment is on the bitcoin network. However we cannot guarantee it'll be confirmed (that's up to miners).

MT; if both buyer and merchant have mtgox accts couldn't you make the tx's instantaneous?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: MagicalTux on July 30, 2011, 09:38:03 AM

Quote from: the founder on July 30, 2011, 09:28:38 AM

not that I know of .. instawallet .. but that site scares me

I threw coins up there one time and closed the browser without bookmarking... LOL!

That's not instawallet's fault.. it's mine of course.. but still without any recourse to get my coins back it's somewhat scary in my opinion.

People can still use Mt.Gox for this, coupled with the yubikey (or the HOTP option we'll provide monday) it should be quite secure and there are no fees (not like with the "first bitcoin bank" canadian scam).

By the way I'd guess mybitcoin is acting pro (see http://forum.bitcoin.org/index.php?topic=22221.0 if anyone remembers it) so stuff should be back soon (well, I'll avoid saying anything negative, it'll be taken badly again)

MT. congrats on mobile solutions!!

kiba

legendary

Activity: 980

Merit: 1020

Quote from: cypherdoc on July 31, 2011, 10:41:39 AM

clearly Jan Vornberger of Instawallet is a trusted community member who won't run off with your money. in the past he's responded quickly to emails from me of a non IW nature. he also runs Bitcoin Monitor which is a staple of the community as well. he's constantly innovating and appears to be of a cheerful nature.

Does he use twitter? Or have a status page not hosted here?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: kiba on July 30, 2011, 08:57:20 AM

Quote from: Yuusha on July 30, 2011, 08:56:47 AM

Your wallet.dat.

That is not an answer.

clearly Jan Vornberger of Instawallet is a trusted community member who won't run off with your money. in the past he's responded quickly to emails from me of a non IW nature. he also runs Bitcoin Monitor which is a staple of the community as well. he's constantly innovating and appears to be of a cheerful nature.

rabit

member

Activity: 62

Merit: 10

I just read more parts of the thread and it looks like toddbethell was affected by the same bug.

BioMike

legendary

Activity: 1658

Merit: 1001

Quote from: rabit on July 31, 2011, 10:28:35 AM

Quote from: BioMike on July 31, 2011, 10:25:39 AM

But did you get any reply, and what was in there?

The site was down the next time i checked it, so i couldnt read any reply if they sent me one (you need to be logged in to your MB account to read messages).

Ok, lets hope it is that then.

rabit

member

Activity: 62

Merit: 10

Quote from: BioMike on July 31, 2011, 10:25:39 AM

But did you get any reply, and what was in there?

The site was down the next time i checked it, so i couldnt read any reply if they sent me one (you need to be logged in to your MB account to read messages).
The transaction didnt reached me yet.

BioMike

legendary

Activity: 1658

Merit: 1001

Quote from: rabit on July 31, 2011, 10:18:19 AM

Quote from: BioMike on July 31, 2011, 10:14:05 AM

And did you contact them about it?

Sure, i send them a message through the internal msg system.

But did you get any reply, and what was in there?

rabit

member

Activity: 62

Merit: 10

Quote from: BioMike on July 31, 2011, 10:14:05 AM

And did you contact them about it?

Sure, i send them a message through the internal msg system.

Quote from: manifold on July 31, 2011, 10:13:12 AM

what bug was it?

Some transactions out of MB (not all which is quite strange) werent processed to the Bitcoin network (they also didnt appeared in the list of unconfirmed transactions).

Topic: MyBitcoin.com, where did it go? - page 2. (Read 16456 times)