[SHUT DOWN] Stampbit.com - a bitcoin-based provider of USPS shipping labels

BitCoiner2012

sr. member

Activity: 364

Merit: 250

Quote from: Stampbit on October 07, 2013, 10:06:35 AM

I wanted to drop in one last time to say that this experience hasnt soured me on bitcoin. I believe bitcoin is a legitimate currency and the more people use it for good the better it will be for everyone. For some businesses that require accountability from their customers this will never be, but there is still much room for growth in other fields like bespoke services, consumer goods, and anything that results in an end product that can be sold without liability. Pure services however remain on the fence, its simply too easy to pay someone to do something that they otherwise knowingly would not do.

But nevertheless this was a great experiment in a new frontier and i am glad to have been a part of it.

-Stampbit

I'm glad you still feel that way.

Stampbit

full member

Activity: 182

Merit: 100

I wanted to drop in one last time to say that this experience hasnt soured me on bitcoin. I believe bitcoin is a legitimate currency and the more people use it for good the better it will be for everyone. For some businesses that require accountability from their customers this will never be, but there is still much room for growth in other fields like bespoke services, consumer goods, and anything that results in an end product that can be sold without liability. Pure services however remain on the fence, its simply too easy to pay someone to do something that they otherwise knowingly would not do.

But nevertheless this was a great experiment in a new frontier and i am glad to have been a part of it.

-Stampbit

johnnyfla123

sr. member

Activity: 252

Merit: 250

Quote from: BitCoiner2012 on August 19, 2013, 02:31:29 AM

Quote from: ?? on ??

Quote from: Stampbit on August 18, 2013, 05:12:26 PM

8/18/2013

I am saddened to announce that my stamps.com account has been shut down by my service provider at the behest of law enforcement. Unfortunately given the anonymous nature of this currency it is all but impossible to prevent criminals from tainting all that it touches. I would like to thank all my courageous customers who sought to make bitcoin a legitimate enterprise and wish them well in their endeavors.

How did they know you were exchanging stamps for bitcoins? I would tell them to look toward FinCen, which deems it legal.

Sounds like more to this story then exchanging packaging labels for bitcoins.

Here's a quick scenario:

Customer receives packaging from his account, pays him with BTC. His portion of the transaction has ended. However, the consumer utilizes that label in any fashion he desires - perhaps shipping something illegal. LEOs get involved, decide to go that extra mile to make sure our economy keeps thriving, and now we've got a formerly productive (to some extent? Who knows to what degree, at least trying) business out of order and someone unrelated out of sorts for essentially a removed action from the service. They would go after -his- Stamps.com account. This is just the scenario that popped into my mind when I read his closing statements. I have no idea what happened.

99.9% sure drug related or illegal stuff like trying to ship bombs, poisons, you know stupid stuff

BitCoiner2012

sr. member

Activity: 364

Merit: 250

Quote from: ?? on ??

Quote from: Stampbit on August 18, 2013, 05:12:26 PM

8/18/2013

I am saddened to announce that my stamps.com account has been shut down by my service provider at the behest of law enforcement. Unfortunately given the anonymous nature of this currency it is all but impossible to prevent criminals from tainting all that it touches. I would like to thank all my courageous customers who sought to make bitcoin a legitimate enterprise and wish them well in their endeavors.

How did they know you were exchanging stamps for bitcoins? I would tell them to look toward FinCen, which deems it legal.

Sounds like more to this story then exchanging packaging labels for bitcoins.

Here's a quick scenario:

Customer receives packaging from his account, pays him with BTC. His portion of the transaction has ended. However, the consumer utilizes that label in any fashion he desires - perhaps shipping something illegal. LEOs get involved, decide to go that extra mile to make sure our economy keeps thriving, and now we've got a formerly productive (to some extent? Who knows to what degree, at least trying) business out of order and someone unrelated out of sorts for essentially a removed action from the service. They would go after -his- Stamps.com account. This is just the scenario that popped into my mind when I read his closing statements. I have no idea what happened.

BitCoiner2012

sr. member

Activity: 364

Merit: 250

Quote from: Stampbit on August 18, 2013, 05:12:26 PM

8/18/2013

I am saddened to announce that my stamps.com account has been shut down by my service provider at the behest of law enforcement. Unfortunately given the anonymous nature of this currency it is all but impossible to prevent criminals from tainting all that it touches. I would like to thank all my courageous customers who sought to make bitcoin a legitimate enterprise and wish them well in their endeavors.

I sure do detest the way of things of late...

Stampbit

full member

Activity: 182

Merit: 100

8/18/2013

I am saddened to announce that my stamps.com account has been shut down by my service provider at the behest of law enforcement. Unfortunately given the anonymous nature of this currency it is all but impossible to prevent criminals from tainting all that it touches. I would like to thank all my courageous customers who sought to make bitcoin a legitimate enterprise and wish them well in their endeavors.

og kush420

full member

Activity: 1050

Merit: 110

when this gets automated/easy to use i will use it for my bitmit orders, would be very convenient, not having to exchange currency to pay for shipping

Stampbit

full member

Activity: 182

Merit: 100

Stampbit is still going strong and looking to expand soon. Automation has been put on hold for now.

Stampbit

full member

Activity: 182

Merit: 100

Update: Due to overwhelming response only existing customers will be able to place new orders until automation is put in place. Thank you!

BitCoiner2012

sr. member

Activity: 364

Merit: 250

Will be trying this.

b!z

legendary

Activity: 1582

Merit: 1010

Sounds a bit like bitstamp Wink

mprep

global moderator

Activity: 3794

Merit: 2612

In a world of peaches, don't ask for apple sauce

Seems interesting. Good luck with your business.

Stampbit

full member

Activity: 182

Merit: 100

Site updated with new pricing structure, now offering domestic labels at cost!

Stampbit

full member

Activity: 182

Merit: 100

site updated with privacy policy, terms of service, and mission statement pages

Stampbit

full member

Activity: 182

Merit: 100

Site design updated, more to come.

Stampbit

full member

Activity: 182

Merit: 100

Site updesigned for a more appealing aesthetic.

Stampbit

full member

Activity: 182

Merit: 100

Thanks for the advice, site updated.

john volt

newbie

Activity: 12

Merit: 0

great concept

anonymizing stamp purchases is a terrific idea and a contribution towards a freer world.

the site is a little too ghetto but i think you can get around this and your largest shortcoming by stating very clearly what the response time is going to be. shipping is all about delivery speed and using your site could potentially slow things down if the user doesn't know better.

good luck sb

Stampbit

full member

Activity: 182

Merit: 100

Quote from: ?? on ??

Maybe you should describe what you are selling and how it works.
I for one dont get it.

Post updated!

Stampbit

full member

Activity: 182

Merit: 100

Still up!

Topic: [SHUT DOWN] Stampbit.com - a bitcoin-based provider of USPS shipping labels (Read 4313 times)