BitInstant. All about cryptocurrency - BitcoinWiki

What site do you use to buy BitCoins?

USD
submitted by AnonymousRitz to SilkRoad [link] [comments]

Hey how do you get BTC on your account (whats your perferred method)

I used to use moneypaks , but some rates are super expensive
submitted by Thepeoplesman to SilkRoad [link] [comments]

Bitinstant has taken over $500 from me? Will bitinstant help a many time customer or just ignore me?

Ok. Today I went on bitinstant and set up a deposit for 500. I had it sent to a bitcoin address, went to walmart tonight, paid 503.95 for the fee and I the only thing I have is my money taken. I have used bitinstant many times and it was always INSTANT. What can I do? I went to bitinstant and tried to get help with zero help. I use the website bitinstant, have to send it to zipzap via moneygram and now it looks like they have decided to keep my money. What the hell can I do?
I have all my paperwork: payment slip, moneygram form, and walmart receipt(s)
submitted by bitinstantscrewedmeh to Bitinstant [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]

Changelly scam... I think so.

I've been very patient with Changelly since August 5th when I submitted my first support ticket on this matter. Now that it's clear to me that Changelly runs a drag-it-out support strategy, it's time to go public.
Is Changelly a scam?
You be the judge... please leave your opinion in the comments.
CONTEXT
The transaction (Tx) at issue here is BTC for GBYTE (Byteball).
For those not familiar with Byteball:
Byteball has no mining; its native currency - white bytes (GBYTE) and black bytes (BB) - was created back in December 2016 and has since been distributed, as widely as possible, via ~monthly airdrops. Every full moon since December, a "snapshot" has been taken of the balance of bytes held on each and every Byteball address, and of the balance of every registered BTC address. Shortly thereafter, each address receives new bytes based on the balance at the time of the snapshot.
The last snapshot was August 7, 2017 18:10 UTC (11:10 PDT), and new bytes were distributed as follows:
One last thing: Byteball's immutable ledger of Txs is stored in a construct called a DAG (Directed Acyclical Graph), analogous in function to bitcoin's blockchain.
WHAT HAPPENED?
On August 5, two days before the Byteball snapshot, I initiated a Tx with Changelly to trade 20 BTC for ~105 GBYTE. Changelly took my BTC, but held on to the GBYTE through the snapshot, collected the airdropped Byteball reward based on the balance of my funds, and then, 4 days after I initiated the Tx, sent ~105 GBYTE.
Changelly effectively stole my ByteBall distribution reward.
When hours had passed and still no GBYTE, I sent my first ticket, and support responded:
"It seems that there could be some technical issues either with our wallet or with Gbyte network. We will investigate the matter. We have forwarded your request to the technical department. They will push your transaction through. We will inform you, once your issue is resolved!"
On August 7th, before the snapshot, I submitted two more support tickets. I told Changelly that if they couldn't deliver the GBYTE before the snapshot, I wanted my BTC back. Support responded on August 8th 2:06pm (long after the snapshot):
"Unfortunately, we cannot refund your bitcoins since they have been already converted into GBYTE. But you will receive the same amount since your money has been already exchanged. Please confirm your GBYTE wallet address and we will repeat payout. All the issues seem to be fixed now, so it should work."
I responded, explaining why the only reasonable remedy was for Changelly to refund my BTC. I did not confirm any GBYTE wallet address.
Support ignored me and sent the following on August 9th:
"Good news! We have received the response from the exchange and now everything has been delivered!"
I wrote to Charlie Shrem, an advisor to Changelly, and he forwarded my complaint to Changelly CEO, Konstantin Gladych. I've also emailed Gladych many times directly myself. Zero response.
CIVIL LIABILITY
Under civil law, Changelly has been unjustly enriched and is liable to pay restitution.
Unjust Enrichment. A general equitable principle that no person should be allowed to profit at another's expense without making restitution for the reasonable value of any property, services, or other benefits that have been unfairly received and retained.
This principle is widely recognized and applies to Changelly here regardless of whether they did anything wrong. This is essentially why Coinbase and Poloniex changed course and gave their customers the BCH that was due to them.
CRIMINAL LIABILITY
Changelly is clearly liable under civil law.
What about criminal liability?
Using a DAG explorer, we can browse Byteball's immutable ledger of Txs and discover the following:
All Changelly had to do was send it to me. What happened?
The DAG shows that the GBYTE was diverted to the following addresses, which subsequently received the airdropped GBYTE that rightfully should have gone to me:
  • 31,447,997,156 to CBCYP2UY6YX2FJX6OXNDHBQO4VREDUJL
  • 51,788,023,285 to QAHP5Z4P6QQV4S3MUVTOJM5D7SJDWPSD
  • 21,763,859,830 to 6H5USZBXMOYUAGCYEYF7P3A6QU2EJBCT
  • 306,636,259 to QR542JXX7VJ5UJOZDKHTJCXAYWOATID2
The DAG also shows plenty of Tx activity over the relevant time period, also strongly suggesting no technical issues were to blame for Changelly's delayed Tx.
Did you know…?
Under the Czech Republic's Code on Corporate Criminal Liability both Changelly and the individual perpetrator(s) would be criminally liable.
WHAT NEXT
Changelly… fix this immediately.
Up next we’ll explore…
  • how to connect employee identities to the suspicious Byteball addresses
  • inner-workings of Changelly
  • the Bittrex and Changelly APIs
  • behind the scenes of the Changelly-Bittrex connection
  • Konstantin Gladych’s relationship with the European Cybercrime Center
  • presenting evidence to Czech and U.S. prosecutors
  • comments from devs re: Changelly’s technical excuses for failed Txs
  • similarities and differences between Changelly and BitInstant
submitted by Nttwo to CryptoCurrency [link] [comments]

RIP /u/cryptodreams who posted a suicide note after losing ~USD $250k

In February 2014, MtGox, the largest bitcoin exchange at the time, announced the loss of 750,000 bitcoins, declared bankruptcy on Feb 28, and basically said they lost everyone's money. I was a victim of this, losing 22 bitcoins (roughly USD $15k at the time), but some lost much, much more.
cryptodreams was a prolific poster and contributor to the bitcoin community on reddit, but he lost so much that on Feb 28, 2014, his final post was a suicide note.
"The fat man sings, and the dream is dead. So it goes. I don't feel comfortable posting anywhere else."
At times I can be a fair bit unstable and reckless, but I'm not "a fucking idiot" as half+ of /bitcoin would probably respond, right before they downvoted. I don't know why I'm even posting anything, to be honest. I guess discovering the impetus to tell at least part of your story is natural at this point.
My first BitInstant transaction to MtGox was exactly one year ago today, 2/28/2013. 4 of them, $480.05 each into my Gox acct. How poignant it was to wake up to the news (not that it was wholly unexpected). Kind of funny to think of my mindset at the time, now. It's like...I wasn't totally wrong, but I guess I was wrong enough. I ended up spending just shy of $40,000 over the month of March last year.
I have a thousand and two thoughts right now. The primary thought being that all I have to my name now are some shares of CaVirtex, some shares of N&B, some peercoins, and a couple thousand dollars. Primary or not, I suppose my thoughts don't matter at this point.
It was a fun ride, though. I had more fun and genuine engagement over the last year with the Bitcoin community than I have had with basically anything else in my life during that time. It's funny, I knew I was facing a $250k+ loss the other day, but I was so excited about the few hundred dollars I made on N&B, lol. The totals are just numbers on the screen. It's about the trade, and the rapid amalgamation of various sources of data. It's about the extrinsic, objective gratification of knowing whether you were right, or wrong, as told through the market. It's about going against yourself, weighing your odds. It's about striving for perfection, knowing you will never reach it...this market is the best game I've ever played. For all the caustic denigration traders still receive in the larger Bitcoin community, I'll state that greed is not at all about wanting more than you have. Greed is wanting more than you need. It's a differentiation that, I think, is quite overlooked. I do have a mighty thorn in my paw about how the community handled all of this, but it's not worth it to address that now.
Like any breakdown, there is blame to go around, and I certainly hold a good part of it when it comes to my current predicament. I still believe in Bitcoin. If I had any money left to reinvest, I...might. I knew the risk I was taking (I thought), and I even considered losses down to 50%. I considered near-100% losses as a result of my own market decisions. I did not consider 100% losses as a result of trading on the oldest BTC exchange in existence, and so my fatal flaw was a catastrophic underestimation of my counterparty risk, plain and simple. I made the best decisions I could make at the time, with the information and personal experience that I had to reference in making them. I accept the decisions that have been made. Again, there is certainly a lot of blame to go around, but I respect myself too much to wholly blame anybody else for what was ultimately my decision. I guess I feel worse for my dog than I do myself.
Life is just a game, cryptofriends. I lose.
My favorite thing about this song is that in my mind it can represent both despair and convicted hope. I think there's a lot of both in the community right now.
Cloudkicker - Dysphoria
But my apologies, again, my thoughts don't matter anymore. Down with the ship it is. It has been a true pleasure, and an honor to be a part of all of this. This community in particular, in my mind, shines well above /Bitcoin and a good portion of bitcointalk. Enjoy your weekend, cryptraders. May the light from your candles never fade. I look forward to smiling upon your moon base from the stars, and I genuinely wish y'all better than the best.
submitted by nebuladrifting to DeadRedditors [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]

The fat man sings, and the dream is dead. So it goes. I don't feel comfortable posting anywhere else.

At times I can be a fair bit unstable and reckless, but I'm not "a fucking idiot" as half+ of /bitcoin would probably respond, right before they downvoted. I don't know why I'm even posting anything, to be honest. I guess discovering the impetus to tell at least part of your story is natural at this point.
My first BitInstant transaction to MtGox was exactly one year ago today, 2/28/2013. 4 of them, $480.05 each into my Gox acct. How poignant it was to wake up to the news (not that it was wholly unexpected). Kind of funny to think of my mindset at the time, now. It's like...I wasn't totally wrong, but I guess I was wrong enough. I ended up spending just shy of $40,000 over the month of March last year.
I have a thousand and two thoughts right now. The primary thought being that all I have to my name now are some shares of CaVirtex, some shares of N&B, some peercoins, and a couple thousand dollars. Primary or not, I suppose my thoughts don't matter at this point.
It was a fun ride, though. I had more fun and genuine engagement over the last year with the Bitcoin community than I have had with basically anything else in my life during that time. It's funny, I knew I was facing a $250k+ loss the other day, but I was so excited about the few hundred dollars I made on N&B, lol. The totals are just numbers on the screen. It's about the trade, and the rapid amalgamation of various sources of data. It's about the extrinsic, objective gratification of knowing whether you were right, or wrong, as told through the market. It's about going against yourself, weighing your odds. It's about striving for perfection, knowing you will never reach it...this market is the best game I've ever played. For all the caustic denigration traders still receive in the larger Bitcoin community, I'll state that greed is not at all about wanting more than you have. Greed is wanting more than you need. It's a differentiation that, I think, is quite overlooked. I do have a mighty thorn in my paw about how the community handled all of this, but it's not worth it to address that now.
Like any breakdown, there is blame to go around, and I certainly hold a good part of it when it comes to my current predicament. I still believe in Bitcoin. If I had any money left to reinvest, I...might. I knew the risk I was taking (I thought), and I even considered losses down to 50%. I considered near-100% losses as a result of my own market decisions. I did not consider 100% losses as a result of trading on the oldest BTC exchange in existence, and so my fatal flaw was a catastrophic underestimation of my counterparty risk, plain and simple. I made the best decisions I could make at the time, with the information and personal experience that I had to reference in making them. I accept the decisions that have been made. Again, there is certainly a lot of blame to go around, but I respect myself too much to wholly blame anybody else for what was ultimately my decision. I guess I feel worse for my dog than I do myself.
Life is just a game, cryptofriends. I lose.
My favorite thing about this song is that in my mind it can represent both despair and convicted hope. I think there's a lot of both in the community right now.
Cloudkicker - Dysphoria
But my apologies, again, my thoughts don't matter anymore. Down with the ship it is. It has been a true pleasure, and an honor to be a part of all of this. This community in particular, in my mind, shines well above /Bitcoin and a good portion of bitcointalk. Enjoy your weekend, cryptraders. May the light from your candles never fade. I look forward to smiling upon your moon base from the stars, and I genuinely wish y'all better than the best.
submitted by cryptodreams to BitcoinMarkets [link] [comments]

A step by step guide for newbies who want bitcoins anonymously.

This may be a long post, essentially I just thought it would curb a lot of the questions around here about how to acquire BTC. So here goes:
  1. Go to www.bitinstant.com
  2. Select cash to bitcoin address
  3. On your SR account, under "account" (on the top bar beside messages and orders) there should be a BTC address in green characters. Copy and paste that as the bitcoin address to send your BTC to on bitinstant.
  4. For your notification email they ask for on the bitinstant website form, use a tormail account for anonymity. This is free and super easy to set up. I use squirrel mail as it is the most basic. sign up here: http://jhiwjjlqpyawmpjx.onion/ and for the other info (name and DOB) make it up. but use the same fake info when you actually deposit the cash. I used my fake ID's info (I have a PA ID that I got from ID chief before he was shut down, so i use that info)
  5. After you fill that out, it will send you to zipzap. Follow the basic instructions there and use your real zipcode to find places close to you that will allow you to do this transaction. I chose CVS.
  6. follow the rest of their instructions and make sure you print out the pdf with all the information (account number and code and such). take this form with you to CVS.
  7. Go to the customer service department (or photo department lol this is where the moneygram stuff was when I went). Just pick up the red phone and listen. You will be asked an address, name, and phone number. SAY YOURE PAYING A BILL. I think they say "press 2 for bill payment". Press that. Then just follow the instructions on the phone and such. About the address and shit: Just give them any address and zipcode, same bullshit with the name. Any name will do (try and make sure it matches the fake one you originally used on bitinstant though just in case), and say you chose not to give your phone number.
  8. They will eventually tell you "you are paying a company (zip zap) please go to the counter and tell them your name and that you are paying a company"
  9. go to the cashier and tell them you are so and so paying a bill/company with moneygram and they will confirm the amount of cash.
  10. after you give them the cash, you will be on your way! :) It should take a bit for the BTC to be confirmed.
GENERAL INFO: Bitinstant will give you a specific amount. i.e. $242.97 and you MUST have exact change when you pay.
Make sure you have enough. There is a 4% fee plus zip zap takes like $3.99. So to be safe, deposit 10% more than you need. I made this mistake yesterday lol. For example: you want $250 in your SR account. Deposit $250 + 10% ($25) so you'll deposit $275.
If you go home and would like to see where your BTC currently are, take your SR address (or the address you sent to) and search it on www.blockchain.info and when that address has anywhere from 7-10 confirmations, it should appear in your SR account!
It should take about an hour or two from depositing until the time when you have BTC in your account. Happy shopping :)
If this guide sucked, I'm sorry. lol. I tried.
submitted by antoniomontana to SilkRoad [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]

I am announcing The Gary Johnson Reddit-PAC. You can now donate towards Gary Johnson ads on Reddit and Facebook.

The Gary Johnson Reddit-PAC will be using donated funds towards diverse and targeted campaign ads on Facebook and Reddit according to /GaryJohnson community consensus.
You can donate to the cause through http://mtgox.com payment processing or Bitcoin alone at the following address:
1Cd26uWDGkZTvH57qyJVSqwnUHsdPbh6e6
Transaction history: https://blockchain.info/address/1Cd26uWDGkZTvH57qyJVSqwnUHsdPbh6e6
http://bitinstant.com can be used to donate funds simply by depositing cash at any local bank. Just buy Bitcoins and send them to the address above.
Paypal will not be used due to potential legal issues and/or Paypal holding our funds hostage for no reason whatsoever.
I can leave the creation of Ads up to you guys or, if deemed necessary, I will use campaign funds to have them created.
I will make separate threads for the creation of Facebook and Reddit ads within the day.
The consensus of the community will always have final say in this campaign's affairs. Simply, you guys are my boss. I am here to serve.
To avoid any restrictive campaign laws, all donation funds will be formally managed and converted in Buenos Aires, Argentina. All affairs will be conducted through my close associate in Buenos Aires, Argentina.
As a representative in this affair, you can make any claim at my residence:
125 Cedar Elm Lane
Georgetown, TX 78633
Formally, I have a contract between myself and all donators. I guarantee all funds will be used for their stated purpose. Thus, I will include the following legal information in the unlikely case of claims or controversy:
Any controversy or claim arising out of or relating to this contract, or the breach of this contract, shall be settled by binding internet arbitration at judge.me in accordance with the judge.me arbitration agreement. The arbitrator's decision shall be final and legally binding and judgment may be entered thereon.
Thank you!
submitted by TheAtlas to GaryJohnson [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]

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]

[uncensored-r/CryptoCurrency] Changelly scam... I think so.

The following post by Nttwo is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/6u8tfh
The original post's content was as follows:
I've been very patient with Changelly since August 5th when I submitted my first support ticket on this matter. Now that it's clear to me that Changelly runs a drag-it-out support strategy, it's time to go public.
Is Changelly a scam?
You be the judge... please leave your opinion in the comments.
CONTEXT
The transaction (Tx) at issue here is BTC for GBYTE (Byteball).
For those not familiar with Byteball:
Byteball has no mining; its native currency - white bytes (GBYTE) and black bytes (BB) - was created back in December 2016 and has since been distributed, as widely as possible, via ~monthly airdrops. Every full moon since December, a "snapshot" has been taken of the balance of bytes held on each and every Byteball address, and of the balance of every registered BTC address. Shortly thereafter, each address receives new bytes based on the balance at the time of the snapshot.
The last snapshot was August 7, 2017 18:10 UTC (11:10 PDT), and new bytes were distributed as follows:
  • For every 1 GBYTE held on any Byteball address, you got 0.2 of new GBYTE
  • For every 1 GBYTE held on a linked Byteball address, you got 0.4222 of new BB
One last thing: Byteball's immutable ledger of Txs is stored in a construct called a DAG (Directed Acyclical Graph), analogous in function to bitcoin's blockchain.
WHAT HAPPENED?
On August 5, two days before the Byteball snapshot, I initiated a Tx with Changelly to trade 20 BTC for ~105 GBYTE. Changelly took my BTC, but held on to the GBYTE through the snapshot, collected the airdropped Byteball reward based on the balance of my funds, and then, 4 days after I initiated the Tx, sent ~105 GBYTE.
Changelly effectively stole my ByteBall distribution reward.
When hours had passed and still no GBYTE, I sent my first ticket, and support responded:
"It seems that there could be some technical issues either with our wallet or with Gbyte network. We will investigate the matter. We have forwarded your request to the technical department. They will push your transaction through. We will inform you, once your issue is resolved!"
On August 7th, before the snapshot, I submitted two more support tickets. I told Changelly that if they couldn't deliver the GBYTE before the snapshot, I wanted my BTC back. Support responded on August 8th 2:06pm (long after the snapshot):
"Unfortunately, we cannot refund your bitcoins since they have been already converted into GBYTE. But you will receive the same amount since your money has been already exchanged. Please confirm your GBYTE wallet address and we will repeat payout. All the issues seem to be fixed now, so it should work."
I responded, explaining why the only reasonable remedy was for Changelly to refund my BTC. I did not confirm any GBYTE wallet address.
Support ignored me and sent the following on August 9th:
"Good news! We have received the response from the exchange and now everything has been delivered!"
I wrote to Charlie Shrem, an advisor to Changelly, and he forwarded my complaint to Changelly CEO, Konstantin Gladych. I've also emailed Gladych many times directly myself. Zero response.
CIVIL LIABILITY
Under civil law, Changelly has been unjustly enriched and is liable to pay restitution.
Unjust Enrichment. A general equitable principle that no person should be allowed to profit at another's expense without making restitution for the reasonable value of any property, services, or other benefits that have been unfairly received and retained.
This principle is widely recognized and applies to Changelly here regardless of whether they did anything wrong. This is essentially why Coinbase and Poloniex changed course and gave their customers the BCH that was due to them.
CRIMINAL LIABILITY
Changelly is clearly liable under civil law.
What about criminal liability?
Using a DAG explorer, we can browse Byteball's immutable ledger of Txs and discover the following:
All Changelly had to do was send it to me. What happened?
The DAG shows that the GBYTE was diverted to the following addresses, which subsequently received the airdropped GBYTE that rightfully should have gone to me:
  • 31,447,997,156 to CBCYP2UY6YX2FJX6OXNDHBQO4VREDUJL
  • 51,788,023,285 to QAHP5Z4P6QQV4S3MUVTOJM5D7SJDWPSD
  • 21,763,859,830 to 6H5USZBXMOYUAGCYEYF7P3A6QU2EJBCT
  • 306,636,259 to QR542JXX7VJ5UJOZDKHTJCXAYWOATID2
The DAG also shows plenty of Tx activity over the relevant time period, also strongly suggesting no technical issues were to blame for Changelly's delayed Tx.
Did you know…?
Under the Czech Republic's Code on Corporate Criminal Liability both Changelly and the individual perpetrator(s) would be criminally liable.
WHAT NEXT
Changelly… fix this immediately.
Up next we’ll explore…
  • how to connect employee identities to the suspicious Byteball addresses
  • inner-workings of Changelly
  • the Bittrex and Changelly APIs
  • behind the scenes of the Changelly-Bittrex connection
  • Konstantin Gladych’s relationship with the European Cybercrime Center
  • presenting evidence to Czech and U.S. prosecutors
  • comments from devs re: Changelly’s technical excuses for failed Txs
  • similarities and differences between Changelly and BitInstant
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Haven't purchased in a few months since BitInstant dropped bank transfers. Decided to use Moneygram today and ran into nothing but issues. Experienced SR user here who needs a little help for once :).

First of all I know how annoying these kinds of questions are, but alas I find myself turning to my community for some support. I have been out of the country for about 3 months and just got back this December. I decide to make an SR purchase today and turns out BitInstant no longer accepts bank deposits. So, the only option I really had was to do a moneygram. I went through the normal steps (Wallet #, REAL name, tormail address, etc. etc.) and selected a moneygram location as well as giving them my tormail address one more time along with my phone number (for ZipZap). I don't have a car right now and my nearest moneygram location was like 2 miles so I hoofed it over there only to find out that my name was not on the account or that it had not even been set up or something of that nature (I honestly couldn't completely understand the call center rep on the red phone at CVS). I'm just trying to understand what I did wrong. I've been using bank deposits for like a year and they are flawless and go without a hitch every time. Also, has anyone else been having tormail issues? I did not receive a single confirmation email or anything throughout this whole period. I also just tried to sign up for coinbase and did not receive the confirmation email. Does tormail stop sending/receiving to your account after periods of inactivity?
Thanks guys.
:EDIT: - Just received an email from coinbase finally so I know my email is working. Does anyone have experience with this service and know if it is reliable? I saw it suggested by another SR reddit user. Thanks
:EDIT2: - I appreciate all the help yall. When I first started using SR, I went with a bitcoin vendor for my first or second time, and honestly, the fees are disgusting. There is a walmart about the same distance in the opposite direction that I am going to try. Hopefully they'll make it work. I sure am getting a workout today haha. Tip for anyone who is looking to buy a car, save up a couple extra paychecks and don't buy a beater cherokee for 1500 on craigslist hoping it will run forever. Because it will break down shortly thereafter. If you have my luck, that is.
:FINAL EDIT:: - Just wanted to say since there is a wells fargo directly across the street from me, I went with bitcopia because all they were accepting at the moment is wells fargo deposits anyway. The fee was not bad, probably equivalent to or less than bitinstant, and I had my BTC in about 2 hours directly to my silkroad wallet (which I never normally do, but I was feeling cheeky and pressed for time today). Went flawless, and the lack of information I had to give gave me the confidence to deposit directly to my SR wallet. I plan on using them again for sure.
Thanks everybody.
submitted by ChampionOfFriendship to SilkRoad [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]

Moneygram with bitinstant safe?

Hiya. So I was planning on using bitinstant. I was going to send money using moneygram (cash or debit), and bitinstant would send it to my bitcoin address on instawallet. Then from there, to SR. The thing that I'm feeling a little sketchy about is the following - for moneygram, even if you pay cash, they ask you for your name, phone number, address. I saw a little note on the moneygram stand that said the cashier can ask for ID at anytime, so I assume if I give them my ID it wouldn't match the personal information I gave to them (assuming I lied). I avoided paying debit to relieve myself of giving out personal information, but it seems like you can't. Does anyone else use this method, and think it's fine to use personal information through moneygram? Thanks.
submitted by crystalcat1789 to SilkRoad [link] [comments]

A New Adopter's Wretched Bitcoin Experience and Subsequent Assurance that Bitcoin Will Fail...

So I finally decided to take the plunge with Bitcoin this week. For reference, I live in the D.C. metro area, so using Moneygram via Bitinstant seemed the most convienent option for me since they had so many locations available to deposit money.
That wasn't quite accurate, as it would turn out.
I started the evening after class by going to a CVS near my house that was listed in the ZipZap payment slip as an accepting location. After finding the ubiqitous red phone. I end up talking to an inevitable South Asian person with limited actual grasp of English, who asks for what I considered to be a lot of information (full name, telephone number, address). However, his English was so shitty to the point of my having to yell the spelling of my address phonetically because the word "H*****" is apparently too complicated for the subcontinent. Okay, minor irritation...time to pay the cashier. The cashier attempts to load the transaction on her register; fortunately she's not interested in carding me or anything, so I take that as a good sign for maintaining some semblance of anonymity. But the transaction never loads, the system is down!
Oh well, on to the next store. This was a pretty big CVS for the area, and I assumed that if their system didn't work, the systems at smaller stores would be dodgy anyway. It's already approaching 10 p.m. and all the CVS's are closing, leaving only 7-Eleven stores with VCom ATM machines as my next option. I drive to the nearest one, select "Moneygram", which gives me a prompt telling me to call Moneygram's 800 number and to give them the five digit terminal address for the transaction. I go through the rigamarole of spelling out my name and address for the error-prone South Asian phone tech yet again, even though I'm conducting the very same transaction I'd called in not even 15 minutes prior. I finally finish with the 800 number call, and proceed on the machine through it's options to ExpressPay a bill to ZipZap. Everything seems in order, I select the amount of money to send, insert my debit card, type in my PIN, and I think I'm good to go. But no, the machine cancels my transaction, saying it cannot be completed at this time. I call the 800 number yet again, getting the customer support service. They tell me the machine in my location isn't working (no shit), so they point me to another 7-Eleven a few miles away, assuring me it would work.
It didn't. I didn't even make it past the introductory screens before a technician lackadasically told me that the 7-Eleven to which I'd been directed by the previous technician was not a working Moneygram location, even though they had the VCom ATM and all. At this point, I lose it, and demand to speak to someone in charge. I demand to be directed to a location where they can verify the service is actualy working, which I'm told they cannot do for some reason. I'm instead given a list of locations I've already been to, or CVS's that are already closed for the evening, none of their suggestions proving the least bit helpful.
This has proven a horribly frustrating experience...but I was doggedly determined to see it through before going home, so I looked up locations myself on the zipzap website and saw that a 24-hour Walmart about 30 minutes away did Moneygram transactions. A 30 minute drive isn't exactly "convenience", especially after the ordeal I'd already been through. Walmart was also very particular about personal information: they wanted name, phone number, address, email! and requested my driver's license for verification...that was a bit of an unpleasant suprise, but since I'm not doing anything illegal with my Bitcoins, I didn't care.
To Walmart's credit, my transaction went through by the time I made it back to the parking lot (about 10 minutes). It was easy enough to transfer Bitcoins from my wallet to various other wallets from my computer. However, I tried to consolidate a bunch of Bitcoins into one wallet...although my Bitcoin software says the send transactions were completed and verified, my final account balance was half of what I thought it would be and I don't understand why. We're talking about $100 worth of Bitcoins that never showed up.
So, tl;dr - Bitinstant/Moneygram/ZipZap is horribly broken and only works at certain locations, their customer service is worthless, anonymity is pretty much impossible to maintain because everyone asks for your information, and a random amount of paid-for Bitcoins might not ever show up in a wallet you sent them to because...electrons? I don't know, but what I do know is that this is not a convienient, sustainable, or efficient way of doing business and if Bitinstant is one of the larger exchanges due to it's "convenience", then God help Bitcoin...
submitted by McGumpin to Bitcoin [link] [comments]

Thought about verifying bitcoin accounts with real info

Just a thought, but if companies like bitinstant are requiring user verification information, there must be a reason for that change...
Call me paranoid, but could it be possible for LE to monitor someone's address that is a known bitcoin purchaser?
Seems a bit risky to me to verify ones information without a clear understanding of why the verification exists.
Note: I'm not saying that this is the case for sure, I just think there is a small chance it is the case
submitted by SRanom 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]

How to Get Your Coinbase Bitcoin Wallet Address Bitcoin 2013 conference - Charlie Shrem - Cash Deposits, Challenges and Ideas ✅ Where Is Cash App Bitcoin Wallet Address? Computer hacker steals $12,000 in bitcoins from Bitinstant. How To Import Private Key into Bitcoin Daimond Wallet  Import Bitcoin

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. Brown, who listed a bitcoin address publicly, demanded a million-dollar Bitcoin ransom. Most Popular In: Crypto & Blockchain. BitInstant also launched products and services throughout 2012 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 BitInstant was a bitcoin exchange start-up based in New York City. Founded in 2011 by Gareth Nelson and Charlie Shrem, BitInstant provided a means to rapidly pay traditional funds to bitcoin exchanges.As of January 2014, BitInstant's website is no longer available, displaying only a blank page. Its blog was unavailable as of October 31, 2014. The bitcoin system is one of the first types of crypto-currency which has existed in the market since January 2009. What makes bitcoin different from regular currencies is the fact that bitcoin uses cryptography to monitor and control the creation and transfer of the currency between different parties. Bitcoins are generated over time at a […]

[index] [13312] [23581] [2977] [2341] [11228] [18806] [5164] [6619] [7776] [13252]

How to Get Your Coinbase Bitcoin Wallet Address

How To Generate Your Bitcoin Wallet Address Using Luno, How To Find Your Bitcoin Wallet Address in L - Duration: 10:26. Chukwuemeka Emmanuel 2,523 views. 10:26. This presentation took place at the Bitcoin 2013 conference sponsored by Bitcoin Foundation in San Jose, CA. Recorded by Red Pill Recording. Currently serving as CEO and co-founder of BitInstant ... If you need legal advice, please contact a competent attorney and BE ADVISED. This channel offers LAWFUL advice which is different from LEGAL advice." Don't forget to Subscribe "LIKE" and Share my ... As long as you have your Redd coin private key and a Bitcoin address you can take the Bitcoin that is on your paper wallet and move it into another wallet. But this will specifically show you how ... Obviously to have a Bitcoin address you first need a Bitcoin wallet, and if you check my videos here you will see that I have put up one on the subject of choosing such a wallet. https://www ...

Flag Counter