BitInstant Continues Bitcoin Paycard Plan - Slashdot

AMA about Tether (USDT)

Hello, I trade on 6 different exchanges worldwide. I have deeply looked into the Tether situation since it could become a black swan and put a dent into my crypto wealth.
I have examined all the evidence and opinions and have found them to be unsubstantiated at best malicious at worse.
Ask me anything and I will do my best to give you my opinion on what I have found.
 
My only concerns has evolved into... is the idea of Tethers legal (compared to Liberty Reserve or E-gold). After much research on both companies and thinking it over a lot I feel USDT is actually more legit and better suited because of the openness of the blockchain. I know right??
You see they can control the ecosystem (as they did w hack) in a transparent way and they can control the outflows/inflows with stringent KYC/AML (which they have been- far more stories of people not getting approved than not being able to redeem). Their ToS/KYC/AML make it so no launderer would be foolish enough to use them, especially after hack/roll back.
On the other hand, Lib Res/Egold accepted anyone, proudly claimed to be a money substitute and their closed system provided no transparency and plenty of opportunity for nefarious activities.
 
Some key points
 
NOT more transactions taking place (across all blockchains), NOT more countries buying that didn't before (KRW/JPY), NOT Coinbase user accounts being created at an extraordinary clip this year, or the google search terms increasing exponentially, or crypto twitters growth. All differing metrics pointing to the same thing... demand. No it's easier to believe the volume is fake, wash trading, and fake tethers... all out in the open (BFX DATA) & open ledgers (USDT)
 
"But they have been saying an audit is forthcoming" They didn't increase the total amount to 100 mill till fairly recent. They are not a money making machine, they make money on money sitting in interest-bearing accts and transaction fees between the fiat world. I can see them not wanting to pay for an expensive reputable audit and thinking showing bank statements would suffice, until it didn't. So now an audit is coming.
 
 
Ex2. The amount of tethers to date is enough to horribly crash the markets but not enough to show signs that free money has been pumped into the system. If 100's of millions are pumped into the system it will show divergences (premiums/unpegged) somewhere along the trail.
 
One last thing, what if the worse is true and Tether is not backed, finex is a scam, God doesn't exist, and Trump gets elected a second term (last 2 a joke, obviously)? IMO, it creates a massive buying opportunity. There is nothing wrong with bitcoin/crypto, nothing wrong with its use case, technology or value system. Just an alt currency that only had to have the funds in account. Yes, there will be a short game of hot potato that drives Tether to zero, but that is it. Nothing fundamentally wrong w crypto. Plus I'm not 100% sure the exiting of USDT would not drive crypto higher.
Yes, some exchanges will lose their rep, customers, and traders will lose their stablecoin but perhaps that's the goal, IDK? Who benefits from failed stablecoin? FIAT, banks? One thing is for sure USDT has brought on many more exchanges, IMO is a good thing.
Also, I don't believe Tether to be the ideal way to a stablecoin. But it came along 3 years ago w no better options, has held it's pegged (even now under fire), opened up liquidity past strict/biased/predatory banking infrastructure (who benefits if USDT goes down again?). Maybe that is why they are looking into an ERC20 token that may be verified in real-time, IDK.
 
Good day to you Ladies and Gents..
 
P.S. I post my real trades on twitter @SirLamboMoon - Follow to see if I am worth a damn. I don't share charts and analyze what happenED and be as cryptic as possible about the future. I actually put my entries, targets, and stops. I developed a trading system that has been muy caliente. More info here.. https://www.reddit.com/useSirLamboMoon/comments/7cp2o7/the_system_strategy/
 
EDIT: was told to put an address for the headache I'm about to receive, lol. 1GTtVVfECQvecTtqUoWhXi7pYuWz5KzzTm
submitted by SirLamboMoon to btc [link] [comments]

Important announcement for US Vault of Satoshi customers

It is with great regret that we inform you that we will be ceasing our US operations effective today. If you reside outside the United States this does not affect you.
We’ve made this decision not because of any specific legal challenge or threat, but because we feel the regulatory environment in the US is becoming increasingly hostile toward Bitcoin, and more specifically toward exchanges trading in digital currencies. We’re heeding the warnings of Bitcoin Foundation and BitInstant founder, Charlie Shrem, who recently conducted a troubling interview with “Let’s Talk Bitcoin.” If you want to hear more about the situation exchanges face operating in the US, we recommend you listen to episode 87 of “Let’s Talk Bitcoin” here.
We’ve made repeated attempts to comply with FinCEN regulations, but their online form submission process will not allow us to post reports from our headquarters in Ontario, Canada. They refuse to accept printed paper reports, and their drop-downs don’t include Canadian options, making it impossible to the file the required documentation properly in order to comply. Despite repeated inquiries into how to properly file reports from Canada, we have yet to receive a satisfactory response. They’ve literally made it impossible for us to run our business in compliance with their regulations.
We make this decision with a heavy heart, and will be revisiting it as we continue to monitor the regulatory and legal position of the US government (and all of its individual States) towards digital currency exchanges. Each State has their own requirements for how to handle a business like ours, and the setup and compliance costs are astronomical. We’d like to get back into the US digital currency exchange market as soon as possible, but cannot do so until the regulatory situation is clarified and settles down. We will be exploring re-launching on a state-by-state basis, but we do not yet have a timeline in place.
If you are a US-based customer, unfortunately your account will soon be demoted to level 1, and you will be limited to coin-to-coin trading, which will be launching within the coming weeks. Any dollars currently in your account will be refunded to you via check, which you should receive within 2-3 weeks’ time. Please make sure your address is correct.
If you’re a US-based customer and have recently submitted documents for verification, unfortunately, we will not be able to verify your account at this time.
To all of the amazing American users who have helped us build Vault of Satoshi into what it is today: we value you tremendously and we hope that we have not lost your trust and support. We deeply regret that we can no longer service your cryptocurrency exchange needs, and we’ll do everything we can to re-gain your business and re-launch in your country in the near future, stronger than ever before.
To Canadian and International users, we’ve got exciting plans ahead and are continuing our to expand and cement our position in this industry. Stay tuned for more amazing innovations from our team here in Canada.
Thank you once again for your incredible and humbling support.
submitted by xportz to Bitcoin [link] [comments]

Vault of Satoshi to cease US operations starting today

"It is with great regret to inform you that we will be ceasing our US operations effective today. If you reside outside the United States this does not affect you.
We’ve made this decision not because of any specific legal challenge or threat, but because we feel the regulatory environment in the US is becoming increasingly hostile toward Bitcoin, and more specifically toward exchanges trading in digital currencies. We’re heeding the warnings of Bitcoin Foundation and BitInstant founder, Charlie Shrem, who recently conducted a troubling interview with “Let’s Talk Bitcoin.” If you want to hear more about the situation exchanges face operating in the US, we recommend you listen to episode 87 of “Let’s Talk Bitcoin” here[1] .
We’ve made repeated attempts to comply with FinCEN regulations, but their online form submission process will not allow us to post reports from our headquarters in Ontario, Canada. They refuse to accept printed paper reports, and their drop-downs don’t include Canadian options, making it impossible to the file the required documentation properly in order to comply. Despite repeated inquiries into how to properly file reports from Canada, we have yet to receive a satisfactory response. They’ve literally made it impossible for us to run our business in compliance with their regulations.
We make this decision with a heavy heart, and will be revisiting it as we continue to monitor the regulatory and legal position of the US government (and all of its individual States) towards digital currency exchanges. Each State has their own requirements for how to handle a business like ours, and the setup and compliance costs are astronomical. We’d like to get back into the US digital currency exchange market as soon as possible, but cannot do so until the regulatory situation is clarified and settles down. We will be exploring re-launching on a state-by-state basis, but we do not yet have a timeline in place.
If you are a US-based customer, unfortunately your account will soon be demoted to level 1, and you will be limited to coin-to-coin trading, which will be launching within the coming weeks. Any dollars currently in your account will be refunded to you via check, which you should receive within 2-3 weeks’ time. Please make sure your address is correct.
If you’re a US-based customer and have recently submitted documents for verification, unfortunately, we will not be able to verify your account at this time.
To all of the amazing American users who have helped us build Vault of Satoshi into what it is today: we value you tremendously and we hope that we have not lost your trust and support. We deeply regret that we can no longer service your cryptocurrency exchange needs, and we’ll do everything we can to re-gain your business and re-launch in your country in the near future, stronger than ever before.
To Canadian and International users, we’ve got exciting plans ahead and are continuing our to expand and cement our position in this industry. Stay tuned for more amazing innovations from our team here in Canada. Thank you once again for your incredible and humbling support."
Facebook printscreen: http://i.imgur.com/akFcysj.png
submitted by hjras to Bitcoin [link] [comments]

I had no idea...

So, I'd only ever really been over to /bitcoin from SRD, so I was only mildly educated on what it was, and I had no real opinion about whether it was a good or bad thing. I didn't really care one way or the other, I just like watching the people who cared get really upset.
But omg people. You have GOT to be kidding me with this mess. I tried to buy some BTC last night. I started at 10pm. It is now 1pm and I just finally succeeded. Of course, first I educated myself in the broad strokes of BTC, and that took about an hour. Then I started trying to buy. First, I couldn't get LocalBitcoin to send me a cofirmation email no matter what I tried (that just got solved 15 minutes ago when I gave them my throwaway yahoo address instead of my normal gmail address, and yes, I checked Spam). Expresscoin would only allow a money order or check in the mail, and i was looking to have coin in the next two days. Trucoin looked promising, until I realized it was invitation only, with a waiting list. igot wasn't bad, but now I have to wait three days for them to deposit money into my back account to verify it. Bitinstant is down. Snapcard and Coinbase... oh man. I'm surprised they didn't send people to my house for a cavity search. I sent a picture of my passport. A picture of myself holding my passport. A copy of both my bank statement and a recent household utility bill. And I FAILED at the authentication process for both of those sights. Wat?
So, you know how I eventually managed to buy my BTC. I went to ebay and bought some with paypal.
I don't understand how you guys think BTC can be a thing when it's 1. hard to understand and more importantly 2. impossible to access. Also, how is it getting away from the government when I had to prove who I was with more documentation than I use when crossing international borders?
Not trying to start and argument. I'm overly tired and just really astonished at how difficult that was. If I wanted to go online and buy literally anything else that didn't actively harm other people, I could just do it. This makes no sense.
Edit: Well, I finally managed to get some BTC using LibertyX. I should have just used LocalBitcoin instead, though, and will next time. Though, once Circle confirms my account, that will probably be my primary method. Unfortunately, it looks like the ebay seller was a scam. Which is weird because she is a super-seller (or whatever they're called) and had only one negative feedback out of thousands, which she resolved with the customer. I can't get her to reply to me. I'm not sure I can report it to ebay since I wasn't supposed to buying it on ebay in the first place (which I didn't know?). I'm dumb :-(
Edit2: Wasn't ripped off on eBay! I guess I got lucky :-) Thanks to all those who helped and gave suggestions.
submitted by Iamsherlocked37 to Bitcoin [link] [comments]

A Step-by-Step Guide to Creating an Anonymous Wallet for Covert Practices

A Step-by-Step Guide to Creating an Anonymous Wallet for Covert Practices
With the recent Bitcoin “bubble” fiasco and the subsequent rise and fall of Bitcoin value, it seems that this subreddit has become obsessed with making money. But get-rich-quick schemes are not at the heart of Bitcoin. Instead BTC should be seen as a way to keep Big Governments and Big Businesses from knowing how much money you have and what you choose to spend that money on. As a currency, it doesn't matter how much the value fluctuates if you plan on spending your wealth on sites like the Silk Road and etc.
(OK, maybe it does matter a little bit if the money you spent yesterday is worth twice as much today; but this guide is for spenders, not hoarders. Or at least for hoarders who also like to spend.)
Let's discuss my favorite attribute of the Bitcoin protocol: anonymity.
Many noobs getting into the Bitcoin game fail to realize that anonymity is an important key to understanding the importance of Bitcoin. In places where your wealth can easily be taking away from you (see Cyprus, Russia, China, the USA and others), Bitcoin can function like a store of cash buried in a dessert in the middle of nowhere – buried so deep that nobody can find it, not even the most powerful men and women on Earth.
POINT: If you are purchasing your Bitcoins through services like Coinbase or Mt. Gox, and if you've ever given your real name and bank account information to a Bitcoin Exchange, then you are NOT anonymous. Your Bitcoins can be traced back to you. Your purchases are recorded in the blockchain, and although it's difficult, it's certainly not impossible for those with the knowhow to find you and prosecute you. See this link before continuing.
Bitcoin is not inherently anonymous. You must take steps to protect yourself in order to keep your identity a secret. And even still, if you don't know what you are doing, you run the risk of being caught. So if you care about hiding yourself and your money, I offer this guide as a way to accomplish secret purchases and covert trades. Of course I cannot guarantee you won't end up in jail. At the end of the day, nobody knows how closely governments are tracking BTC purchases over the TOR network. Some people even believe that the TOR network was created by nefarious forces. I doubt it, but you never really know.
STEP ONE: Anonymous Hardware
Because you cannot really know whether or not you are being watched, your first step in creating an anonymous wallet is to protect yourself by buying a cheap laptop computer and removing the hard-drive. Really, who needs a hard-drive anyway? Toss it in the garbage.
STEP TWO: Anonymous Software
If you don't know how to download a Linux LiveCD, then stop reading now. You are probably not skilled enough to protect yourself anyway. If you don't know how to download a Linux LiveCD, then proceed with extreme caution; downloading an ISO file and burning it to a DVD is pretty damned easy. Easier than anonymity. Those who refuse to learn are at risk.
It's arguable which software you should use, but I recommend connecting to the TOR network using TAILS, a live DVD or live USB that aims at preserving your privacy and anonymity. TAILS helps you to use the Internet anonymously, leave no trace on the computer you're using, and to use state-of-the-art cryptographic tools to encrypt your files, email and instant messaging.
ProTip: For an extra layer of protection, download the ISO from your local library's computer. Or while you're sipping a mocha at Starbuck's. Then burn it to a DVD and take it home. Place it in your crap computer (the one without a hard-drive) and turn it on. Enter the BIOS menu and boot from CD if your computer doesn't do it automatically.
DO NOT CONNECT TO THE NETWORK FROM YOUR HOME.
I repeat, for an extra layer of security, DO NOT CONNECT TO YOUR HOME WIFI USING TAILS IF YOU WANT TO DO SHADY THINGS. That's just common sense. TAILS itself isn't illegal. But if you're the type to do shady things, you don't want to practice on your home Wifi, which you probably pay for with a bank account or credit card.
After you've spent a day or two using TAILS and familiarizing yourself with the LinuxOS, and once you feel comfortable enough to continue, then head back to your local Starbucks, boot up the LiveCD, and connect. Browse the TOR network and triple-check that you are protected. You can do this by checking your IP address for DNS LEAKS. Only if you feel comfortably hidden from prying eyes will you want to continue.
STEP THREE: Creating an Anonymous Wallet
There are several different ways to to this, but the easiest way is to use the code at bitadress.org. Thanks to SpenserHanson for creating this thread which describes the process in detail:
  1. Save bitaddress.org.html to your computer
  2. Close browser.
  3. Disable computer Wi-Fi.
  4. Open bitaddress.org.html in browser.
  5. Generate an address and record the private keys.
  6. Close the browser window.
  7. Go home. Think about what you are about to do.
STEP FOUR: Funding the Anonymous Wallet
Funding your wallet will be the most difficult part of this process. Obviously you don't want to go to a site like Coinbase or Mt. Gox and link up you bank account, then start sending coins to your anonymous address. That would be stupid. Very stupid.
Probably the best way to get coins is to know someone who is willing to send you a few, but even then you lead a trail back to your friend.
My suggestion is to make cash deposits through ZipZap or Bitinstant, and give them false information (for example, use the new email you created, over the TOR network, from a site like Hotmail or Yahoo, which doesn't require a phone number to sign up – I'm looking at you Gmail. Make sure your new account forwards your email to yet another account, perhaps Tormail or a temp address. You probably won't need to use the email more than once anyway, for confirmation, if you need it. And you might want to create a new address with every deposit, just to be safe). There are other options of course. Some companies will sell you Bitcoins anonymously through Bank of America cash deposits. But remember that the moment you walk into a Big Bank and give them money, you are caught on camera. Maybe offer a homeless man some money to make the deposit for you. And hope he doesn't just pocket your money. Regardless, you want to stay away from Big Banks if you can. It really isn't that hard.
If you absolutely must make deposits from your bank account, you could send your coins to an anonymous online wallet first and then to cold storage, but make sure to use several mixing services over a period of several days. And then have trouble sleeping at night.
Another great idea is to use the localbitcoins website; meet with a seller locally; pay cash and GTFO.
STEP FOUR: Spending from the Anonymous Wallet
If you are looking to CASH OUT, there aren't many anonymous options besides meeting with somebody and selling face to face. You could always sign up for your own account at localbitcoins, then hope a buyer contacts you. But this guide isn't about making money, it's about spending your coins.
To buy things, you'll want to go to back to the library, connect through TAILS, download a lite client like Electrum and access your account. Every time you want to spend, you will have to re-download, but it should not take more than a few minutes. And though you are probably safe enough to spend directly from the client, if you really want to be safe you should send the funds to a second wallet though a mixing service, then to a third or fourth or fifth wallet, also through mixing services. These “Mixing Wallets” should NOT be created using the TOR network because the TOR exit node may be monitored. I've never had a problem myself, but it's theoretically possible that an attacker could record the password/private keys for the hosted wallet and steal your coins. Which is why you should NEVER USE THE SAME ACCOUNT TWICE. And never access your cold storage wallet through the net. That would be very very bad.
To created the mixing wallets you will also need a way to hide your identify without using TOR. The best way to do this is to sign up for a VPN service though a public WiFi hotspot and then pay in Bitcoin. The best service I have found is called Private Internet Access. You can access their service through a public computer, connect to the VPN, and voila, you now can safely create mixing wallets without exposing your password to the open network. Make sure that after you mix the coins you send them all to a safe, final address, which will be your Spending Wallet.
Remaining anonymous will cost your some time and money. With each transaction you're going to have to pay for mixing, and also the transaction fee. And setting up a new email and a new account with every transaction (so that you can spread the coins across multiple fake accounts) will be bothersome but worth it in the long run. You can't put a price on piece of mind when it comes to your safety.
REMEMBER Your Spending Wallet should not contain all of your funds. The bulk of your coins should be address you created using bitaddress. Never trust an online service to hold the bulk of your funds. The recent hacks have shown that the best place to store your private key is in your head.
Final Notes:
The Bitcoin protocol itself is not anonymous. And theoretically it's possible to trace every transaction back to you. This is why you need to use fake emails, many multiple addresses, and a VPN service with heavy encryption. Even with the knowledge and the technology to map the blockchain, the FEDS will have a hell of a time tracking multiple address though VPN tunneling back to a cold storage wallet that you created offline and only use to send coins over TOR. There are just too many roadblocks. Of course nothing is impossible. But I sleep very good at night knowing that my door is not going to be kicked in by the Men in Black. And even if you're not doing anything illegal, this sort of behavior is certainly suspicious.
If you were lucky enough to receive a tip from Reddit's own bitcoinbillionaire (I myself was not) and you haven't cashed out. Create a VPN-tunneled throwaway account and tip yourself before claiming your coins. Then send them through a mixing service and to your cold storage address. Now you're on your way to being an anonymous spender.
I hope this guide helps. I really do. The purpose of Bitcoin isn't to make money. It's to protect the money that you already have, and to protect your identity in places where your identity is compromised. Everybody in the world wants your money, especially the richest of the rich. You ought to do everything you can to keep yourself safe. Especially if you live in a compromised geography.
TL;DR: Go directly to jail. Do not pass Go. Do not collect $200.
EDIT: Some typos.
submitted by anon_spender to Bitcoin [link] [comments]

Vault of Satoshi Ceasing U.S. Operations Due to “Increasingly Hostile” Regulatory Environment

It is with great regret to inform you that we will be ceasing our US operations effective today. If you reside outside the United States this does not affect you.
We’ve made this decision not because of any specific legal challenge or threat, but because we feel the regulatory environment in the US is becoming increasingly hostile toward Bitcoin, and more specifically toward exchanges trading in digital currencies. We’re heeding the warnings of Bitcoin Foundation and BitInstant founder, Charlie Shrem, who recently conducted a troubling interview with “Let’s Talk Bitcoin.” If you want to hear more about the situation exchanges face operating in the US, we recommend you listen to episode 87 of “Let’s Talk Bitcoin” here[1] .
We’ve made repeated attempts to comply with FinCEN regulations, but their online form submission process will not allow us to post reports from our headquarters in Ontario, Canada. They refuse to accept printed paper reports, and their drop-downs don’t include Canadian options, making it impossible to the file the required documentation properly in order to comply. Despite repeated inquiries into how to properly file reports from Canada, we have yet to receive a satisfactory response. They’ve literally made it impossible for us to run our business in compliance with their regulations.
We make this decision with a heavy heart, and will be revisiting it as we continue to monitor the regulatory and legal position of the US government (and all of its individual States) towards digital currency exchanges. Each State has their own requirements for how to handle a business like ours, and the setup and compliance costs are astronomical. We’d like to get back into the US digital currency exchange market as soon as possible, but cannot do so until the regulatory situation is clarified and settles down. We will be exploring re-launching on a state-by-state basis, but we do not yet have a timeline in place.
If you are a US-based customer, unfortunately your account will soon be demoted to level 1, and you will be limited to coin-to-coin trading, which will be launching within the coming weeks. Any dollars currently in your account will be refunded to you via check, which you should receive within 2-3 weeks’ time. Please make sure your address is correct.
If you’re a US-based customer and have recently submitted documents for verification, unfortunately, we will not be able to verify your account at this time.
To all of the amazing American users who have helped us build Vault of Satoshi into what it is today: we value you tremendously and we hope that we have not lost your trust and support. We deeply regret that we can no longer service your cryptocurrency exchange needs, and we’ll do everything we can to re-gain your business and re-launch in your country in the near future, stronger than ever before.
To Canadian and International users, we’ve got exciting plans ahead and are continuing our to expand and cement our position in this industry. Stay tuned for more amazing innovations from our team here in Canada. Thank you once again for your incredible and humbling support.
The announcement came on their Facebook page, /vaultofsatoshi.
According to them, the US made up 15% of their business. Vault of Satoshi is a Canadian-based Exchange.
http://newsbtc.com/2014/03/06/vault-satoshi-ceasing-u-s-operations-due-increasingly-hostile-regulatory-environment/
submitted by IamAlso_u_grahvity to BitcoinMarkets [link] [comments]

My horrible BitInstant/ZipZap/MoneyGram/7-Eleven experience

Here's my experience using BitInstant to get a VouchX code at 1:00am.
TL;DR: Undisclosed fees; lots of personal details; what should have taken 5 minutes took 45; apathetic 7-Eleven clerk couldn't take ownership of issues with his company's own shitty kiosk; BitInstant sends me the money in a form not quite as insecure as banknotes taped to a postcard.
It was a late Thursday night, dipping into early Friday. BitMe had a low bid price for BTC. With BitMe, I'd usually deposit at a Chase branch, but I expected the price to rise too much by the time I could make it to a branch and the BitMe guy could confirm my deposit. I anticipated a lot of people putting their Friday paychecks into Bitcoin, so I was in a rush to buy. For this reason, I decided to pay the premium of BitInstant.
The first disappointment with BitInstant was that in order to deposit at a MoneyGram terminal, I'd have to pay an additional $3.95 to another middleman called "ZipZap." The BitInstant site doesn't mention this extra fee on the main page, where the 3.99% commission amount is quoted. The earliest point in time that I could learn the amount of the $3.95 extra fee was after I filled in order information (including my name and date of birth) on BitInstant, was taken to ZipZap, filled in my phone number, selected a MoneyGram location, and then finally downloaded the payment slip.
ZipZap sent me an e-mail, but their mail servers weren't configured correctly, so I never got it. My e-mail server logs show:
Mar 8 03:20:16 ophelia postfix/smtpd[17694]: connect from smtp.zipzapinc.com[184.169.154.190] Mar 8 03:20:16 ophelia postfix/smtpd[17694]: NOQUEUE: reject: RCPT from ... smtp.zipzapinc.com[184.169.154.190]: 504 5.5.2 : ... Helo command rejected: need fully-qualified hostname; from= ... to= proto=ESMTP helo= Mar 8 03:20:16 ophelia postfix/smtpd[17694]: disconnect from smtp.zipzapinc.com[184.169.154.190] 
ZipZap's web page says something to the effect of "anonymous payment." Later, at the MoneyGram location, I had to provide my name, phone number, and mailing address. (The address was never needed by BitInstant or ZipZap.)
I chose 7-Eleven store #18256 at 924 E. Empire Ave., Spokane, WA 99207 as the MoneyGram location, because 7-Eleven was the only local chain of MoneyGram locations open at that hour. Their MoneyGram solution was a Vcom kiosk. These multifunction kiosks, in addition to providing ATM and check services also act as MoneyGram terminals.
The first irk in the process was that the machine asked me to call a certain phone number for MoneyGram customer service, and no courtesy phone was provided on the machine. The store clerk didn't have a phone for me to use either. I wasted $1.26 on a 7 minute phone call from my by-the-minute phone (with plans optimized for texting, not voice). In 7 minutes, my name, address, phone number, "receive code" (a unique code for ZipZap), and payment amount was taken; it could have taken me no longer than 2 minutes for me to carefully enter and double-check this information on the terminal itself. I understand there is a market for customer service that delivers warm fuzzies, but this wasted my time and money and subjected me to a guy not from my continent who was difficult to hear over the connection.
Now it was time to deposit the money. The machine instructed me to insert one bill at a time, so I did. I was paying $385 in 20 banknotes. The machine would accept one banknote, give a message "not enough cash inserted," wait about 15 seconds, then show me the balance of how much money remains to be inserted. Well, of course not enough money was inserted, I don't have a $385 banknote and you told me to insert one at a time! I counted later to find that the machine processes banknotes at a rate of once every 20 seconds, so I spent over six minutes hand-feeding money into this machine, in front of a bored clerk at a slow 7-Eleven. I felt really bad for that guy, since he had store work to do and pretty much had to babysit me to make sure I wasn't going to walk off with anything.
Finally, the last note! Okay, it's doing .. something, and ... "this transaction could not be completed at this time." [Paraphrased, but no specific reason was given.] The machine then took a couple minutes to return my money, this time in the form of 16 banknotes. At least all my money was accounted for, but what gives?
The clerk tried to convince me that the machine doesn't work, and suggested I try calling whoever I'm trying to pay at 8:00am, start of business. I explained to him that this payment is time sensitive, that's why I'm doing this in the middle of the night.
Finally, it dawned on me that I never gave my "account number," a unique identifying code for the ZipZap transaction, to the MoneyGram phone agent. But he did ask for my phone number twice! I must have misheard him. Drat. I let the clerk know what my mistake was, but he tried his hardest to convince me that the machine didn't work as intended and suggested I try another 7-Eleven that was about an hour and a half on foot for me. I declined and told him I'd use the payphone to reach MoneyGram this time.
Back from another 5-10 call, I come into the store to find a note taped over the machine's screen, "out of order." The clerk is at this point telling me with matter-of-fact authority in his voice that the machine won't do what I want, and that it's out of service for everything but ATM and MoneyGram transactions. (Even after I tried several times to explain, he wouldn't accept that I was in fact trying to do a MoneyGram transaction.) Even though I explained to him that this is a time-sensitive payment--that is why I'm up at 2:00 in the morning taking care of this business--and it will be a 45 minute walk home for nothing, he insists that I am not allowed to use the machine. He even explicitly told me that he has work to do and it's taken him too long keeping an eye on me. I plead with him and sympathize about how horribly slow these machines are, how it's not his fault, and finally get through to him to let me try one more time, the final persuasive argument being that the machine gave me my money in $100 notes this time, so it won't take so long. (I didn't let him know that only two notes were $100s, while the rest were in $20s and $1s, but it was still fewer notes.) He doesn't even have the courtesy to say "yes," "okay," "sure," or "just one more time;" he just peels off his because-I-can "out of order" sign off the machine and goes about his business without saying a word.
Seriously? What's the point of this fancy self-serve kiosk if I need to call some guy in the Indian subcontinent to set up the transaction? How many millions of dollars were poured into the design, implementation, and rollout of these good-for-nothing machines that take ages to accept your cash? And then to have some apathetic, underpaid store clerk tell me he's got better things to do than take responsibility for how slowly his company's proprietary, fancy e-commerce kiosks work? Remember, he intentionally mislead me earlier by telling me another 7-Eleven store has a similar machine that might work, and (as it turns out) flat-out lied in telling me the machine is simply out of order. Oh, and I'm paying $3.95 to ZipZap for this, most of which probably goes to the MoneyGram commission.
Wondering how many middle-men there were between my money and my Bitcoin, by the way? BitMe, AurumXchange (for VouchX), BitInstant, ZipZap, MoneyGram, CardTronics (current owners of the brilliant Vcom franchise of time-saving kiosks), and 7-Eleven. Holy wow, maybe $3.95 + 3.99% was a steal.
All said, I spent about 45 minutes in that store. For what should have been 5 minutes worth of business. Beyond the pale.
On the second attempt, my money went through, I got a receipt, and when I got home I got a neat code I could paste into BitMe to get some instant USD in there. But let's not forget the final blunder: BitInstant delivered a code worth $365 good-as-cash to me by regular, unencrypted e-mail. Stupid.
Now I'm fighting bidding bots on BitMe.
submitted by piranha to Bitcoin [link] [comments]

Here's my situation. See if you can help.

upvotes for visibility would be greatly appreciated
So out of desperation with not being able to create a Bitinstant account, I asked my friend if he could use his account to buy me bitcoins. (take into account this guy has been known for being sketchy in the past, but never to me and not in a long time) He agrees and I go over to his house with the money and he sets up my transaction and is going to go do the cash deposit himself, but I offer since it's my money.
I have had multiple successful transactions in the past all that went through by the time I sat back down in the car. But it's been 3 days since I went to Wal-Mart and nothing. 0.0 BTC in my blockchain wallet.
Now I have been in contact with this dude but the only thing he can tell me is that my transaction is listed as pending in his bitinstant account. He can't log into the email he used to see if there's a confirmation email because he forgot his info and can't recover it because the recovery email he used was one of those ones that expire after not using it for a certain amount of time. All his words.
So at this point, I think it's fair that I be a little suspicious of theft (him putting in his wallet address instead of mine). I believe in innocent until proven guilty, so I'm not saying the guy did it, but it would be in the back of anybody's mind.
Today I say we should meet up. That I hate to be such a hassle but $285 of mine is just floating in cyber space and I want to get together so I can check everything out and figure out the best way to try and handle this (whether it be correcting anything we put in wrong or contacting support). He says that there's really no need to since the only info he can access is his bitinstant account and that my transaction is still marked as pending.
Not wanting to let him know I'm suspicious (could come in handy, somehow. I don't know) I say alright. That I'll just wait it out and contact support if I feel I need to.
So the main thing I want to know is if anyone is experiencing slow transaction times from Bitinstant at the moment. That would really put me at ease. But since I've had so many successful immediate transactions, and there's no talk of bitinstant being slow on forums, I feel like that can't be the case.
Ultimately I know that if I can't prove he did it (hell. even if I can), I'm totally shit out of luck. It was the risk I took, and if he has my BTC, I'm not getting them back. I just wanted to know if anyone had any advice to give.
My next move is going to be a long, well-worded, unoffensive message saying that I am suspicious. And that he could prove to me that everything is well, that would be greatly appreciated. Since he can access his bitinstant account, he would be able to show me which wallet he sent the money to, which is all I really need to turn my hate from him to bitinstant, and not feel like a complete ass.
submitted by CowboysAndAnthrax to SilkRoad [link] [comments]

You Will Lose Money -- Thoughts for Fellow Newcomers to Bitcoin

EDIT TL;DR: As briefly detailed in a post herein, I want to address who this is meant for and give some additional thoughts as I think my motivations may have been misread. This post is intended for anyone who reads about bitcoin and buys a handful (or hundred-full) at market price with the intention of holding them for an indefinite period of time(be it 4 months or 4 years) or trading when they can with the intention of later selling for a profit. By the way, selling for a fiat profit is missing the boat! YOU ARE BUYING AN INTERNATIONALLY ACCEPTED CURRENCY. IF IT APPRECIATES IN VALUE, GO BUY SOMETHING WITH IT AND KEEP THE REST! Do not let your heart sway your dollars. This is a 2-3 year old nascent market that you are entering. You could lose all of your money. The price has increased ~400% over the last 3 months. While there are very good reasons for this, there is also much unknown. A drop to $45 or $30 followed by a months-long recovery before you're back at the price you bought, while unlikely at the moment, is within the realm of possibility.
If you're going to buy bitcoins and spend them today, this post is not for you. Rock on, keep doin your thing, and tell your friends all about it.
Been trying to submit this post for like 10 mins. It told me to wait 7, I waited 10, then it told me to get bent for a while so I had to register a new accout.
I woke up this morning (well, yesterday morning now I guess) and thought "Okay, let's see if we can get 5 or 6 more." That was the plan
As a newcomer to actually buying and using Bitcoins I wanted to offer my thoughts to those even newer than I.
I followed bitcoin mostly the whole way. If I really let my emotions get to me, I'd kill myself at this point. Honestly, I'm still kind of working through them. I first heard about BTC in late 2010 or so. I knew what it was, but...being as there was virtually zero financial infrastructure around it at the time, I didn't gung-ho at all. Can I use gung-ho as a verb? I feel like I can if I hyphenate it.
Like I mentioned, if I let my emotions get to me I'd end up killing myself. I had seriously considered investing a sizeable sum of money in BTC at various times, enough that had I followed through on my intuition I would have quit my job and started my own business by this point.
Unfortunately such a point has passed us. If you think you're going to buy BTC now and profit hundreds or thousands in a week/month, you might want to rethink your decision. By now, if you can invest enough in BTC that you think you'll be able to have complete financial security through its long term appreciation, you probably have enough money that you know what you're doing anyway and are likely already familiar with my message.
That being said there are still significant gains to be realized, and with the way things have gone over the last 6 months there are all kinds of ways to spend BTC now and more everyday it seems. I have always believed in the value of BTC as a medium of exchange in an increasingly global and increasingly surveilled economy. But in the beginning, well, how could I have known for sure? Listen to me, still beating myself up.
There are losses to be realized as well. I finally made my initial purchase a month back. Unfortunately, it wasn't all of the money that I wanted to convert to BTC but I didn't want to go through BitInstant for days in a row and pay fees that I didn't have to. I wanted to wait until my verification went through, wire the money, and be done. In retrospect, the appreciation in price would have more than compensated for the fees I would have paid and I fucked myself out of hundreds of BTC. Listen to me, still beating myself up. Maybe you'll do that too. It's normal, relax.
Not to mention the bad buys I've made, market drops $2-3 (or $10, shit!) 60 mins after your purchase FFFFFFUUUUU... We could focus on the good ones, but that's not where you learn your lessons. Compared to fiat conversion I'm still pretty well up overall. I made my main buy immediately after the $50 wall broke, damn near shit myself when I woke up the next two days. But it's an anxious, painful feeling when you're down. If BTC is your first foray into serious exchange/investment, if you've never lost a full house to four of a kind (i.e. gotten stomped by something you barely saw coming, if at all), I envy you. You're just at the start of it. In the next 4-6 months you will learn more about your tolerance for risk and ability to handle loss than you ever knew before. The most important advice anyone can give is "Don't invest more than you can stand to lose." Don't borrow money you can't repay, don't blow savings you can't replenish. When you're up, that small amount that you could stand to lose never seems like it was a good enough starting point. But when you're down, suddenly it feels like plenty to lose. Sure, you planned for it (or you should have). You might not be out of your home or unable to eat, but it's not like that money was useless to you. You earned it and saved it at some point, and now it's fucking gone. Alternatively, you've been at this for weeks now, made a really good buy or two, then made a terrible one. You're back to the drawing board, screwed yourself out of all your gains - a completely safe position that thousands of investors across the globe would pay to be in as I type. But when you're getting your feet wet you have your eye on the prize, and even losing money you never really had often feels like a loss.
There will be days that you wake up, check the price, and realize that these things are true at that point in time. Expect this.
Something happened to me over the last couple weeks. All of a sudden I don't really....care (as much) what the price is. It has stopped being about how many dollars I have, and it has started to be about how many BTC I have. This is obviously the wrong forum to present this question, but in the last 4-6 months as I've read about BTC all I can ask is, "Okay overall HOW is this not an amazing idea?" and in the 2 years as I've watched BTC it just seems more and more like something that isn't just going to sputter out and go away. Could it go to $55 tonight? Sure. Maybe even high $40s. Truth be told it could crash to shit and take 8-12 months to recover, I mean this is an unprecedented market. Would that scare you? Would you be okay with that? If not, now might not be the time for you to get on board.
You must know, we will surely see corrections. We've seen two small ones (edit: not so small....even later edit: k maybe kind of small overall, hope someone made some money there) in the last 24h already. Unfortunately before we can use Bitcoin to its full potential for what it is (a completely private, decentralized combination currency/store of value), before it becomes widespread, this is probably what has to happen. If it hits $45 or $40 you'll see all these blog posts and articles about how this is evidence it's all a scheme, too volatile to ever be in use, it's a stupid crazy idea, and all that FUD. I implore you: if you're inclined to believe them, do so.
I had a decent bid in at $64 that I made much earlier today. Current price is hovering $57 A week or two ago I would have cared about that fact a lot more. Not now though. $64 was what I was looking for. I sold a bunch above $71 and at the time I thought that people on the other side of the world would wake up, see the price, chart, and panic sell. I learned that I severely underestimated the level of panic, and I'll have to keep that in mind for next time. At this point I can only be confident that when this side of the world wakes up again we'll see another glorious battle between panic and conviction, the victor known only to the unturned pages of time.
I just watched this whole correction/recovery (well, I shouldnt' speak too soon as its still playing out). I had an intuition that the price might go lower than my bid, but I didn't want to change it. It is important to stick to your goals. See, tonight I go to sleep with 5 more BTC than I had when I woke up. Goal achieved. Tomorrow I'll wake up, look at the charts, and set another one. I'm in it for the long haul one way or another, but the journey is half the fun!
Good spending, good trading, good holding, and Godspeed everyone.
submitted by 7832664792 to Bitcoin [link] [comments]

[Step by Step Guide] How to buy up to $2,000 worth of Bitcoin in about 1 hour.

This method assumes you have $20 to $2,000 worth of USD in cash on hand that you want to convert to Bitcoin. This is the way that has worked best for me, maybe a better way though.
Step 1: Go to https://www.bitinstant.com/
Step 2: Select the "Pay from" drop-down menu.
Step 3: Select the store/business you want to go to to deposit your cash payment at (I have personally used both Walmart and Albertsons successfully multiple times).
Step 4: Select the "Pay to" drop down menu.
Step 5: Select "Bitcoin Address" option.
Step 6: Open your Bitcoin Wallet.
Step 7: Create a new "receiving" address.
Step 8: "Right Click" on the newly created address.
Step 9: Select "Copy Address"
Step 10: "Paste" your receiving address to the form on the Bitinstant site.
Step 11: (Assuming you want to transfer $2,000: Put in 496 for the "Amount (USD) to pay"; Note: the reason for selecting only 496 instead of 500 is because there is a ZipZap, Inc fee of $3.95 that is charged later, and if you try to do 4 payments of 500 each, it will actually only let 3 of them go through before it will say you have reached your limit and you'll have to wait a day. So basically to avoid any hiccups just do 496 for the amount. If all you want is, say, up to $1,500 deposited, then you can put in 500 for the amount no problem. This is just to get $2,000 a day in fast, I've found using 4 payments of 496 for the amount works the best.
Step 12: Fill in your name, email, date of birth. (this is important to be correct because when you go to pay, your information better match or I would expect you would have problems.
Step 13: Prove you are human, and hit the submit button.
Step 14: Check over your quote and double check the information, when you agree, continue.
Step 15: Enter your phone number and Zip code. (needs to be correct because it will be checked for a match when you go to pay later).
Step 16: Search the map and find your Walmart or Albertsons, etc. whichever one you selected for where you are going to pay your deposit at from step 3. Click on their money-gram icon.
Step 17: Verify that the payment location you selected is showing up correctly.
Step 18: When you are finally ready to create your bill, click the button to create your payment slip.
Step 19: Wait for it to automatically generate (might pop-up as a PDF)
Step 20: Print out the payment slip this is the information you will need to bring with you in order to pay your bill.
Step 21: You will notice that the final payment amount to pay is $499.95 (This is the amount of your bill that you need to pay). Repeat, starting at step 1 again in order to process up to 4 bills or $2,000 worth).
Step 22: Go to the deposit location.
Step 23: If Albertsons, there may be a red color Money-Gram telephone by the customer service area...pick up the phone...and just listen to the instructions very carefully and it will walk you through step by step. (the amount of your bill to pay is the full amount including the fee. The first time you go through the payment process they may verify your phone number, and information you have submitted on the forms from the previous steps). Eventually, it will tell you to go to the counter to make an express payment. Hang up the phone and go to the counter and they will pull up your transaction, and you pay them $499.95 for each bill. If Walmart, or no phone: Its basically the same thing, just without the phone: go to the customer service area and pick up an express payment money-gram slip and fill it out using the information on the payment slip you printed out.
Step 24: Go back home and check your bitcoin wallet for incoming transactions...you should have your bitcoins within 10 minutes-couple hours depending how busy they are).
I hope that helps some of you! Note that there is a 3.99% fee, plus the $3.95 fee. Some people may not like this, but this is at least a way to get started with some coins. The price could go up 15% if you wait a week to get coins from another method...time is money! Once you have your coins, its easier to get them into other exchanges and stuff if you want to start trading or whatever.
If you feel this guide helped you please bump up the rating, so other people can figure out how to do these sort of transactions easier. The more people use Bitcoin and the easier they know how to get in, the better it is for all of us! I just want to help people get free. Don't forget to love your neighbor as yourself! God is love. Lets get free! :) 1DxQ6FAABJGbU1krTupo8e443bRSjJkAjq
submitted by weallprisonerschicky to Bitcoin [link] [comments]

(US) How-To, Online Poker w/ BTC - Play in minutes

This is a quick guide on how to first purchase Bitcoins and begin playing online poker in only a few minutes.
A couple disclaimers first.
SealswithClubs.eu: Will start here as you will need the virtual wallet created automatically with each new account when you purchase Bitcoins.
  1. Register an account at www.sealswithclubs.eu
  2. Once registered, open "My Account" in a browser tab and leave it open as it will be needed in a moment.
Zipmark: an iOS app available on iPhone/iPad.
  1. Install the Zipmark free app to your iPhone or iPad
  2. Register an account with Zipmark: Add all necessary info during this registration which includes bank account, address, and drivers license identification number.
  3. Leave the app open but set the device aside for a moment and get back on a computer.
BitInstant.com: the currency exchange site, USD to BTC.
  1. Register one last account with Bitinstant.com.
  2. Once registered, click New Transaction
  3. Enter the amount in USD you would like to convert to BTC and select Bank Account as the funding source. For destination choose Wallet Address.
  4. Go back to the Sealswithclubs.eu tab that you left open and copy the Current Cash-in Address. Make sure that you copy this perfectly and do not miss any character or add any additional spacing.
  5. Go back to the BitInstant page and paste the Current Cash-In Address.
  6. Agree to the terms and click Place Order.
  7. Now on your iPhone/iPad, use the the Capture Zipmark button and scan the QR code on the BitInstant page.
  8. Confirm the transaction and boom, it's done.
From here BitInstant will process the BTC transaction instantly. SealsWithClubs will have some minor delay (for me this was a little over 5 minutes). I suggest you use this time to do two things: first, install the SealsWithClubs poker application. Second, add a Google Authenticator to your SealsWithClubs account for extra security.
Good luck and if you see me online try not to take too much of money :)
Update: Spaced this reference. Thanks to music4mic and OP of the thread his comment was in.
submitted by cazter to poker [link] [comments]

A simple, comprehensive guide for those interested in quickly acquiring bitcoins

I've been following bitcoin for a few years. Investing in BTC has a learning curve, but hopefully this guide will help you. I'll try to keep it as simple as possible. And please, if you have any questions post them, the bitcoin community is very helpful and I'm sure someone will be able to help. One more thing before I get started, I'd like to remind everyone that bitcoin isn't a get rich quick scheme. Think of it as a way to eliminate the middle men of money, the people that get rich off of manipulating fiat currencies at the cost of the societies and the world. Believe in bitcoin, not just for personal gain, but for positive effect it could have on the world. Check out this guy's great post: http://www.reddit.com/Bitcoin/comments/1bhhjg/any_bitcoin_millionaires_here_on_reddit_if_so/c96rn3p
This method uses 'Mt. Gox' in conjunction with 'Bitinstant' which are both trusted sites. Double check that the Mt. Gox site you use has the https:// in the address bar.
Quickest method, using cash (you will own BTC in a few hours):
  1. Go to https://www.mtgox.com and make a new account. (you don't need to verify)
  2. Go to 'Funding Options' on the left and choose 'Bitinstant'.
  3. Copy the 'Exchange Account' number.
  4. Click on the 'Bitinstant' link on the bottom of the page.
  5. On the 'Bitinstant' page, there will be a drop down box where you can choose a location to make a cash deposit that will go into your Mt. Gox account. There are numerous places you can make cash deposits including: Walmart, CVS, Jewel/Osco, and Albertsons.
  6. After choosing the location to make a cash deposit, fill out the rest of the Bitinstant page, including a test or two to prove you are a human.
  7. Click next and after accepting the terms and conditions on the next page there will be a receipt that you need to print out and take to the store where you're making the cash deposit.
  8. Go to store, deposit, funds will pop up in your Mt. Gox account and you are free to trade! Yay!!
Slower method, setting up Dwolla for use with Mt. Gox (takes about 7 days to buy BTC):
  1. Sign up for dwolla at https://www.dwolla.com. Add you bank account information so that you can add funds to your account.
  2. It will take 2-4 business days to verify your bank account (Dwolla will deposit small transactions into your bank account and you will need to show how much they were), in the meantime sign up for a Mt. Gox account at https://www.mtgox.com
  3. Once your bank account is verified, you should fund your dwolla account, which will take about 3-4 business days for the funds to clear.
  4. Once they're cleared, go to Mt. Gox and click 'fund your account'.
  5. Follow steps '3' and '4' above.
  6. On the 'Bitinstant' site, choose 'dwolla' as the funding source.
  7. Follow the instructions on 'Bitinstant' and you will have money in your Mt. Gox account within minutes and are free to trade. Yay!!
Hopefully this guide has helped guide you through the process of buying bitcoin. It definitely has a bit of a learning curve, but I hope I could help. Now, for the long term, you'd want to verify your information on Mt. Gox so that you can make bank account deposits and without the percentage fee that Bitinstant charges, but that process can take a while, especially now that Bitcoin has increased in popularity. Also, once you have bitcoin, it is important to find a safe 'wallet' that you can keep your bitcoins in. There isn't a bank to protect your money for you, you have to be smart and responsible. There are always a lot of posts about good wallet services in /Bitcoin, make sure to choose one that is trusted.
submitted by andrewforlife to Bitcoin [link] [comments]

Vault of Satoshi ceasing U.S. operations

From their Facebook page:
" It is with great regret to inform you that we will be ceasing our US operations effective today. If you reside outside the United States this does not affect you.
We’ve made this decision not because of any specific legal challenge or threat, but because we feel the regulatory environment in the US is becoming increasingly hostile toward Bitcoin, and more specifically toward exchanges trading in digital currencies. We’re heeding the warnings of Bitcoin Foundation and BitInstant founder, Charlie Shrem, who recently conducted a troubling interview with “Let’s Talk Bitcoin.” If you want to hear more about the situation exchanges face operating in the US, we recommend you listen to episode 87 of “Let’s Talk Bitcoin” here[1] .
We’ve made repeated attempts to comply with FinCEN regulations, but their online form submission process will not allow us to post reports from our headquarters in Ontario, Canada. They refuse to accept printed paper reports, and their drop-downs don’t include Canadian options, making it impossible to the file the required documentation properly in order to comply. Despite repeated inquiries into how to properly file reports from Canada, we have yet to receive a satisfactory response. They’ve literally made it impossible for us to run our business in compliance with their regulations.
We make this decision with a heavy heart, and will be revisiting it as we continue to monitor the regulatory and legal position of the US government (and all of its individual States) towards digital currency exchanges. Each State has their own requirements for how to handle a business like ours, and the setup and compliance costs are astronomical. We’d like to get back into the US digital currency exchange market as soon as possible, but cannot do so until the regulatory situation is clarified and settles down. We will be exploring re-launching on a state-by-state basis, but we do not yet have a timeline in place.
If you are a US-based customer, unfortunately your account will soon be demoted to level 1, and you will be limited to coin-to-coin trading, which will be launching within the coming weeks. Any dollars currently in your account will be refunded to you via check, which you should receive within 2-3 weeks’ time. Please make sure your address is correct.
If you’re a US-based customer and have recently submitted documents for verification, unfortunately, we will not be able to verify your account at this time.
To all of the amazing American users who have helped us build Vault of Satoshi into what it is today: we value you tremendously and we hope that we have not lost your trust and support. We deeply regret that we can no longer service your cryptocurrency exchange needs, and we’ll do everything we can to re-gain your business and re-launch in your country in the near future, stronger than ever before.
To Canadian and International users, we’ve got exciting plans ahead and are continuing our to expand and cement our position in this industry. Stay tuned for more amazing innovations from our team here in Canada. Thank you once again for your incredible and humbling support."
submitted by Choreboy to dogecoin [link] [comments]

I just bought my first bitcoin today

I've been following bitcoins for about the last year or so, on and off. I'm fascinated by and support anything that is inherently decentralized, open source, and/or democratic. I don't know why I didn't buy sooner, I really don't, I normally have a pretty healthy level of risk tolerance. For some reason I held off until two weeks ago when I was all, "fuck it" and went to buy some after I saw it hovering in the $60-70 range.
And that's when I discovered that buying bitcoins is kind of a pain in the ass. I wasn't even going to make a big buy, just $200USD to whet my whistle. After fucking around with AurumExchange, Vircurex, BTC-E, and others I realized there was no really easy way to transmute green backs into internet ducats by using my preferred internet method: my credit card. So I was like, "ah, fuck it" and ignored it for two weeks. Then today it's at $100+. Well, shit, now I gotta buy something, right?
So here's my experience buying bitcoins today:
This is me so far: http://i.imgur.com/BnOPi0k.gif
Still me: http://i.imgur.com/K4N2bmY.gif
http://i.imgur.com/GgohPHj.gif
http://i.imgur.com/HltBP5q.gif
http://i.imgur.com/IeQsUN9.gif
http://i.imgur.com/5rZxlcZ.gif
http://i.imgur.com/8EW3lP9.gif
I probably did this the most idiotic way possible but here's what I can say about the process: I am a "path of least resistance" kind of guy and this is pretty much the opposite of that. Can I buy BTC with a credit card? Yes/no?
submitted by Comms to Bitcoin [link] [comments]

I'm starting a BitInstant Proxy service

BitInstant not working for you? Don't want to hand over your personal info? No worries. I'll let you use my account instead.
Here's how it would work:
Deal done.
IT LOOKS LIKE A LOT OF STEPS!! Looks like it, but you can have your coins within an hour if I'm online. Worst case, the same day.
HOW DO I KNOW YOU WON'T RUN OFF WITH MY MONEY?? Trust me, I won't. That's why I charge a fee. That's my incentive. If I wanted to scam you, I'd say I'd do it for free and then keep all your money. Then you'd start a thread about how I scammed you and nobody would use my service anymore. I only make money by doing legit transactions. When you think about it, I'm only holding your money for literally a few minutes and that's all. You don't give me any money until your transaction at Walmart goes through. And as soon I get the money, I buy and send the bitcoins to your address. Takes all of 3 minutes.
THIS LOOKS REALLY SKETCHY!! I know and completely understand. I have no reputation. I see this as a risk/reward kind of scenario. I'll admit it's risky. But the reward is great. What if you need to make a SR order ASAP and you need your coins RIGHT NOW? No problem, I can do that for you. I'm online pretty much all the time between 16:00-23:00 EST. I can get you your coins very very quickly.
WHY SHOULD I EVEN USE YOUR SERVICE?? We all know BitInstant has been pretty buggy lately. Sometimes it won't even let you use their service at all. Or maybe you're paranoid about your first SR order and you don't want want to give out your personal info to anyone. Maybe you need your coins super fast. Maybe you don't understand Bitcoin very well and want someone else to take care of that for you.
Ask any questions about my service that you may have. I want this to work for you as well as for me.
As a bonus, I'll do my first two transactions with no fee just to build credibility.
submitted by forever_dreams to SilkRoad [link] [comments]

Buying Bitcoins - is it this easy?

I'm purchasing some bitcoins tomorrow, and I want to double check that I'm doing it correctly. All I have to do is go through BitInstant and put my destination address while checking out, and when I complete my payment at the local place, the BitCoins are sent to that address, and from there I can do as I please with the currency, correct?
submitted by bz420 to Bitcoin [link] [comments]

bitinstant scammed me..

permalink
[–] from bitinstant sent 1 day ago
I'm sorry for the delay. Your issue would be best solved thru our main support channel at bitinstant.com/contact
We lock in your purchase at time of despoit. If you receive your order at a higher exchange rate then we can refund the difference or send you more coins. Thanks for your patience.
Stand behind your word
i was Sent .8 BTC at the price of 118 USD each i placed the order at 50-60USD Check the date and time of the order the chart and the order both indicate that i am correct i am owed another bitcoin what is the problem please indicate what you dont understand i will gladly reiterate for you.
permalink 
[–] from bitinstant sent 21 hours ago
I will need more info in order to log your issue and escalate it. Do you have an order ID #? email? BTC address you want any refunds sent to? What do you believe your order time and execution price should be?
permalink report block user mark unread reply 
[–] to bitinstant sent 21 hours ago
Order ID: aef75059-80b5-4243-8078-67c81e7da47c
My address: 1A99vxqU3xfPbdacaJis3QxPppLM7pJuNz
i placed the order because the price was in the 50 dollar range the payment was made and confirmed on april 16th at 10:35 PM
as email sent to me states Amount to Pay: $102.95 Account Number: 858005275 (zipzap)
Your ZipZap payment has been successfully processed and the merchant has been notified to complete your order. Please keep this email for your records.
permalink 
[–] from bitinstant sent 19 hours ago
Looks like your order went thru...
https://blockchain.info/address/1A99vxqU3xfPbdacaJis3QxPppLM7pJuNz
permalink report block user mark unread reply 
[–] to bitinstant sent 19 hours ago
Order ID: aef75059-80b5-4243-8078-67c81e7da47c My address: 1A99vxqU3xfPbdacaJis3QxPppLM7pJuNz i placed the order because the price was in the 50 dollar range the payment was made and confirmed on april 16th at 10:35 PM as email sent to me states Amount to Pay: $102.95 Account Number: 858005275 (zipzap) Your ZipZap payment has been successfully processed and the merchant has been notified to complete your order. Please keep this email for your records.
Yes bitinstant sent me .8 bitcoin i was to get 1.8-1.4 BTC
[–] from bitinstant sent 1 day ago I'm sorry for the delay. Your issue would be best solved thru our main support channel at bitinstant.com/contact We lock in your purchase at time of despoit. If you receive your order at a higher exchange rate then we can refund the difference or send you more coins. Thanks for your patience.
Stand behind your word
i was Sent .8 BTC at the price of 118 USD each i placed the order at 50-60USD Check the date and time of the order the chart and the order both indicate that i am correct i am owed another bitcoin what is the problem please indicate what you dont understand i will gladly reiterate for you.
the price of bit coin was not 118 dollars when i paid you for bitcoins its was 56 USD i AM OWED MORE BITCOIN.
[email protected]
permalink 
[–] to bitinstant sent 18 hours ago
well thru further research i have found that you owe me .5 more bitcoin my order time and execution price should be 64 dollars at the time of deposit confirmation. Please Send Owed Bitcoins..
Order ID: aef75059-80b5-4243-8078-67c81e7da47c My address: 1A99vxqU3xfPbdacaJis3QxPppLM7pJuNz i placed the order because the price was in the 50 dollar range the payment was made and confirmed on april 16th at 10:35 PM as email sent to me states Amount to Pay: $102.95 Account Number: 858005275 (zipzap) Your ZipZap payment has been successfully processed and the merchant has been notified to complete your order. Please keep this email for your records.
Yes bitinstant sent me .8 bitcoin i was to get 1.8-1.4 BTC
[–] from bitinstant sent 1 day ago I'm sorry for the delay. Your issue would be best solved thru our main support channel at bitinstant.com/contact We lock in your purchase at time of despoit. If you receive your order at a higher exchange rate then we can refund the difference or send you more coins. Thanks for your patience.
Stand behind your word
i was Sent .8 BTC at the price of 118 USD each i placed the order at 50-60USD Check the date and time of the order the chart and the order both indicate that i am correct i am owed another bitcoin what is the problem please indicate what you dont understand i will gladly reiterate for you.
the price of bit coin was not 118 dollars when i paid you for bitcoins its was 56 USD i AM OWED MORE BITCOIN.
[email protected]
permalink 
[–] from bitinstant sent 17 hours ago
Your issue has been logged. Thank you.
permalink report block user mark unread reply 
[–] to bitinstant sent 15 hours ago
I am eagerly awaiting the Resolve.
[–] to bitinstant sent 2 hours ago
well thru further research i have found that you owe me .5 more bitcoin my order time and execution price should be 64 dollars at the time of deposit confirmation. Please Send Owed Bitcoins..
Order ID: aef75059-80b5-4243-8078-67c81e7da47c My address: 1A99vxqU3xfPbdacaJis3QxPppLM7pJuNz i placed the order because the price was in the 50 dollar range the payment was made and confirmed on april 16th at 10:35 PM as email sent to me states Amount to Pay: $102.95 Account Number: 858005275 (zipzap) Your ZipZap payment has been successfully processed and the merchant has been notified to complete your order. Please keep this email for your records.
Yes bitinstant sent me .8 bitcoin i was to get 1.8-1.4 BTC
[–] from bitinstant sent 1 day ago I'm sorry for the delay. Your issue would be best solved thru our main support channel at bitinstant.com/contact We lock in your purchase at time of despoit. If you receive your order at a higher exchange rate then we can refund the difference or send you more coins. Thanks for your patience.
Stand behind your word
i was Sent .8 BTC at the price of 118 USD each i placed the order at 50-60USD Check the date and time of the order the chart and the order both indicate that i am correct i am owed another bitcoin what is the problem please indicate what you dont understand i will gladly reiterate for you.
the price of bit coin was not 118 dollars when i paid you for bitcoins its was 56 USD i AM OWED MORE BITCOIN.
[email protected]
permalink
[–] from bitinstant sent 1 hour ago
Your issue has been logged. Thank you.
permalink 
[–] to bitinstant sent 33 minutes ago
its been 16 hours Is there a delay on my logg?
submitted by Bucknasty723 to Bitcoin [link] [comments]

Order from bitinstant made almost two weeks ago. Still no coin.

So, on Tuesday December 11th, a friend of mine and I made a purchase through bitinstant for some coin. It was supposed to be a bitinstant -> bitcoin addy transaction. Athough I admit that I was in a hurry when making the order and might not have selected the correct option. Anyway, I received the confirmation e-mails and didn't think anything of it. Three days later, I still hadn't gotten the coins in my wallet. So I went back to look at the confirmation and double check the wallet address. That's when I noticed something strange, I had a MtGox coupon in the e-mail. Ok, I think, maybe I just selected the wrong options. When I log into MtGox (I have a verified account) and try to put in the code, it returns a "Unrecognized or already used code" error. I tried to contact bitinstant support to explain my situation, and was told by a representative named Rachel (via e-mail) that support would be handling my situation. Three days later and I hadn't heard from them. So I went back to the support page to see if I could get in touch with someone. Well, their "live" tech support is a joke and their live chat option is mentioned on their "contact us" page, but I can't figure out how to access it (maybe I'm just retarded). As a last resort, I've PM'd bitinstant on here this morning and am awaiting a reply. I honestly don't know what to do and I am getting tired of the run-around. Is there anything that you guys can think of that I can do differently (other than double checking everything before I submit, which I'll be doing from now on). Any help would be greatly appreciated.
EDIT: Bitinstant got back up with me and issued me a new MtGox code. It's a Christmas miracle...or some shit like that. Anyway, MERRY CHRISTMAS!
submitted by akbyrner92 to SilkRoad [link] [comments]

How to Buy LiteCoins in USA Only.

Here is my easy way. USA only!
Forget it about PayPal and your Credits Cards. All Other services you see in BitInstant require wiretransfer, all Wire-transfers take at least 2 days to a week!!
Follow this instruction and you'll have BTC in your wallet fast as BlockChain is operating.
Took me about 10 min to fill the order.
Transfer you LTC to your own wallet.
DO NOT WATCH THE CHART!!! It will just drive you crazy.
I decided to by @ 1.40 on April 1st after looking for way to buy LTC without leaving house wasted a lot of time. so I end up getting them at 1.80! so don't waste time.
Donate LTC here LTeqyd5jnS6tqRRavRhSxJfxBSSZzGjUNy
English not too good, also suffer from dyslexia.
[Mods] feel free to edit this with good English and post it on side bar.
submitted by zdiggler to litecoin [link] [comments]

So I know I messed up security wise on my first order. I just need to know how to react.

First off, I'm not panicking, or losing sleep over it, and I have no doubt my package will arrive just fine. I am asking in terms of future purchases and whether or not I should use the same Bitcoin purchasing method in the future, or maybe use different e-mail/wallet accounts as well.
Made my first order this week. I decided to use Bitinstant (cash to email through ZipZap), freshly created tormail to send it to, then to blockchain, and then to SR. Ordered a single gram of MDMA from an extremely well-rated vendor with a 98 rating and almost 500 confirmed sales transactions, and it was domestic (US) as well. I also had my address and name PGP encrypted when sending it to him, so my SR activity itself is not where I would have been compromised.
I spent a good amount of time on the forums and on here before making the order, but obviously didn't spend as much as I should have, as I did a few retarded things in the process.
I only sent a total of 5 bitcoins since it was my first time going through the process. I also used TOR while undertaking all online parts of this activity. However....here is my process.
  1. Used my real name to make the face to face cash transaction, because I found out that the federal government recently temporarily seized the Bitinstant servers, but that names now just have to simply be checked against a list of names blacklisted by the US government....and Bitcoins are 100% legal anyway, and I have zero criminal history. I also heard that sometimes people had problems when using fake names multiple times (having the transaction not go through at the location) and also knew that my ID was not going to be checked, so it could not technically be verified that it was actually me. However...I also used my actual address in the form also....because I read that using fake addresses also raises suspicion.
  2. I received the email in less than an hour at my anonymous tormail, and used coinapult to send them to my blockchain wallet, but here is where i also goofed up. Not only is just using bitinstant - tormail -- blockchain -- SR not considered very safe for a lot of people, but I also didn't realize there was the "anonymous" option for sending...... huge facepalm.
So now, I have my actual name (although not ID verified) attached to a bitcoin transaction which went through tormail, then blockchain, and right into my SR bitcoin address.
Just had another gentlemen on here who ordered from the same guy confirm his package arriving today and showed me how it all looked. Seems very legit.
Anyway, hit me guys. I'm not panicking or anything, but I'm trying to be as realistic as I can.
[EDIT]: I have come to the conclusion that I am just spending way too much time on the SR forums themselves. The people on there are really serious about their security.
submitted by enormousplugs to SilkRoad [link] [comments]

What is going on and how can i fix it - help please!

I made a purchase a while ago through Bitinstant for bitcoins to be deposited into my SR url. They lost the transaction and took a while to get back to me, but today I finally got an email saying that the problem was taken care of. I log into my account, and still see no money there. I decided to check out the blockchain info for the url, which can be found here https://blockchain.info/address/1Lq1Fuu35YcqhANKeLkbrGL7DGVAvDBwzm . As you can see, 1.8 bitcoins were deposited in my account, only to be withdrawn an hour later. I did not authorize this withdraw and I have no clue what occurred an hour later when the money was taken out. Did Bitinstant cancel/reverse the transaction for some reason? Was I somehow scammed out of the money? I was worried that somehow my account had been compromised and someone stole the money, but even if they were able to phish my password, I'm not sure how they would send the money without the 5 digit pin number. If anyone could assist me in lettting me know what might have happened and what I should do from here, it would be greatly appreciated!
submitted by throwway09 to Bitcoin [link] [comments]

Need some advice on currently buying bitcoins.

I've used Ziggap in the past to buy bitcoins, but they're currently not accepting orders.
I ended up using Ziggap previously because Bitinstant was down for maintenance.
Now Bitinstant is up, but you can no longer pay directly to a btc address. I was considering going the Bitinstant > MtGox route, but I've heard mixed reviews about MtGox as of late. I've heard getting setup with MtGox described as "an ordeal" as well.
Went on to look into blueskytraders, but there isn't a Bank of America branch within 100 miles of me.
Then checked into localbitcoins, now admittedly i'm not 100% sure on this one, but this route seemed like it wasn't going to work out either. There's no one within 75 miles of my location selling bitcoins, and I'm not seeing anyone with confirmed trades or anything even remotely nearby. I'm seeing a few cash by mail sellers, but that seems to imply a less than speedy approach.
So I want to buy like 10btc as cheap as I can as soon as I can, and I'm really not sure how to go about that. Any help is appreciated and apologies if this is a total noob question.
submitted by LeFunnyRedditNameXD to Bitcoin [link] [comments]

How to Verify a Bitcoin address generated by Bitaddress ... How to find your bitcoin address on Localbitcoins com ... How to find your Bitcoin wallet address on AltCoinTrader ... Using BitAddress.org Bitcoin Address Lookup - Get Info On Any Bitcoin Wallet ...

Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Download the Bitcoin Wallet by Bitcoin.com. A simple, secure way to send and receive Bitcoin. Available for iOS, Android, Mac, Windows, and Linux. Supports Bitcoin Cash (BCH) and Bitcoin (BTC). C harles Shrem, who ran a New York-based Bitcoin exchange, was arrested Monday and charged with engaging in a money laundering scheme with a user of Silk Road, the notorious deep web black market ... Review: I sent a $323.95 zipzap cash payment to be sent as by bitinstant in the form of bitcoin to my wallet at 11:08 AM mountain standard time on June [redacted], 2013. I paid cash at Advance America store #[redacted]. According to the statement Bitinstant gave me, the bitcoin delivery was supposed to occur within one hour. If I use BitInstant and just conduct a Cash Bitcoin Address transfer, is the exchange rate pegged to Mt. Gox, or is there some other conversion metric between USD and BTC? I'm willing to eat the 3.99% fee, for the speed, if it is in fact able to transfer over the funds in a couple of hours.

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How to Verify a Bitcoin address generated by Bitaddress ...

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Bitcoin Address Stealer 100% SUCCESS OR REFUND - Duration: 6:19. Alex Smith 50,934 views. 6:19. bitcoin Private keys - puzzle 3,4,5 2019 lucky enough to find 3.8 million bitcoins lying dormant - ... The Crypto Dad goes through the steps involved in verifying the webpage at https://bitaddress.org Bitaddress.org is a website that allows you to generate a u... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

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