stick_theman



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Sr. MemberActivity: 372Merit: 250 Re: MyBitcoin.com - hosting provider: leaseweb.com July 31, 2011, 10:23:30 PM #61 Quote from: Bruce Wagner on July 31, 2011, 07:01:04 PM

We have a lot of bitcoin there..... ( as has already been reported in the press )...



rightfully so. One of Bruce's accounts has about 250K bitcoins!!! Bruce, could you contact MyBitcoin to see if they would appear on your show? This would add a new layer of legitimacy into the company... or else, we will be moving all our funds somewhere else. rightfully so. One of Bruce's accounts has about 250K bitcoins!!! Bruce, could you contact MyBitcoin to see if they would appear on your show? This would add a new layer of legitimacy into the company... or else, we will be moving all our funds somewhere else.

BitPay Business Solutions



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Hero MemberActivity: 742Merit: 500 Re: MyBitcoin.com - hosting provider: leaseweb.com July 31, 2011, 11:59:50 PM #67 Quote from: Matthew N. Wright on July 31, 2011, 11:51:15 PM Quote from: Bit-pay Merchant Solutions on July 31, 2011, 11:36:00 PM Quote from: Matthew N. Wright on July 31, 2011, 11:20:03 PM

I imagine it's going to be a scary venture for businesses to 'get accredited' by us at first, but we're just as sick and tired of the fraud and mismanagement as anyone else so any business intended on becoming accredited will definitely be getting a helping handful of tough love.





My guess is that it's not as painful as you might think.



1. verify business has all proper operating licenses

2. verify owners have no criminal record



here in the US there are background searches you can do for a small fee. it is very common.

My guess is that it's not as painful as you might think.1. verify business has all proper operating licenses2. verify owners have no criminal recordhere in the US there are background searches you can do for a small fee. it is very common.

As an American, that much I am aware of-- our services however are a bit more invasive. Although there are no requirements to be a functioning member of the UABB for the purpose of rating/commenting/reporting, to become accredited and recognized as a safe-to-use business, we require the following*:



1) Businesses need to have been a member with the UABB for at least 30-days with 100% positive feedback (at least 1 transaction).



2) Businesses need to provide faxed copies of their operating licenses/business certificates. If they are not a registered business but a home-business, they need to provide multiple proofs of identity including a physical address for product return claims to be associated with, and a phone number to be connected with technical support.



3) Businesses will be required to use our insured escrow services to forward payments, at no additional cost to consumer or merchant.



4) Businesses will be required to have an SSL certificate installed on their sites to handle any private user information for purchasing products and services.



5) Businesses need to pay a small accreditation fee to help recoup our total costs for running a fax service, processing paperwork, issuing electronic seals, and running the escrow and dispute mediation services.



Background checks will only be necessary if the individual is running the company alone or out of their home, and will be done at the discretion of the UABB.





(*still debating these requirements with the board and thus the accreditation page is not up yet)



As an American, that much I am aware of-- our services however are a bit more invasive. Although there are no requirements to be a functioning member of the UABB for the purpose of rating/commenting/reporting, to become accredited and recognized as a safe-to-use business, we require the following*:1) Businesses need to have been a member with the UABB for at least 30-days with 100% positive feedback (at least 1 transaction).2) Businesses need to provide faxed copies of their operating licenses/business certificates. If they are not a registered business but a home-business, they need to provide multiple proofs of identity including a physical address for product return claims to be associated with, and a phone number to be connected with technical support.3) Businesses will be required to use our insured escrow services to forward payments, at no additional cost to consumer or merchant.4) Businesses will be required to have an SSL certificate installed on their sites to handle any private user information for purchasing products and services.5) Businesses need to pay a small accreditation fee to help recoup our total costs for running a fax service, processing paperwork, issuing electronic seals, and running the escrow and dispute mediation services.Background checks will only be necessary if the individual is running the company alone or out of their home, and will be done at the discretion of the UABB.(*still debating these requirements with the board and thus the accreditation page is not up yet)

I think you should kill the escrow. Everything else is fine. Businesses and consumers should connect directly, that's the whole point of bitcoins.



I think you should kill the escrow. Everything else is fine. Businesses and consumers should connect directly, that's the whole point of bitcoins.



https://bitpay.com



Does your website accept bitcoins? BitPay : The World Leader in Bitcoin Business SolutionsDoeswebsite accept bitcoins?

julz



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LegendaryActivity: 1092Merit: 1000 Re: MyBitcoin.com - hosting provider: leaseweb.com August 01, 2011, 12:28:21 AM #68



Quote from: Matthew N. Wright on July 31, 2011, 11:51:15 PM 3) Businesses will be required to use our insured escrow services to forward payments, at no additional cost to consumer or merchant.



That seems like a non-starter to me.

Routing all payments via a central system is technically fragile, politically risky, innovation unfriendly and impractical to set up for all the various foreign currencies & payment systems out there.



Perhaps you meant only for Bitcoin transactions.. but I suspect it will be the minority of enterprises that are truly 'pure Bitcoin'.



For the sort of business I have in mind - the escrow would be complex - sometimes requiring only part payment back to the client.

Escrow services based on a written escrow agreement where the UABB can easily determine fulfillment of conditions are one thing..

but are you really going to intermediate in all that in a high-volume transaction environment?



Requiring businesses to give their customers an *option* to route payments via the escrow may be nice for specific types of transaction.



Escrow only caters for a subset of the possible services for which someone might 'hand over' bitcoins in expectation of a set of services.

The point at which actual 'payment' occurs and value changes hands is service specific.





How you can require 'at no additional cost' I don't know. Even with pure Bitcoin transactions there will ultimately be fees.

Maybe all you meant is that when the business and customer do both choose to use your escrow - the business doesn't charge an additional fee above what the network charges?

If so.. sorry for my rambling above, but it wasn't clear





P.S nice to see the 'about us' improvements on the UABB site. (EDIT: as you said above offering escrow as an option sounds the best way.. even 'requiring businesses to offer it as an option' could be a problem)That seems like a non-starter to me.Routing all payments via a central system is technically fragile, politically risky, innovation unfriendly and impractical to set up for all the various foreign currencies & payment systems out there.Perhaps you meant only for Bitcoin transactions.. but I suspect it will be the minority of enterprises that are truly 'pure Bitcoin'.For the sort of business I have in mind - the escrow would be complex - sometimes requiring only part payment back to the client.Escrow services based on a written escrow agreement where the UABB can easily determine fulfillment of conditions are one thing..but are you really going to intermediate in all that in a high-volume transaction environment?Requiring businesses to give their customers an *option* to route payments via the escrow may be nice for specific types of transaction.Escrow only caters for a subset of the possible services for which someone might 'hand over' bitcoins in expectation of a set of services.The point at which actual 'payment' occurs and value changes hands is service specific.How you can require 'at no additional cost' I don't know. Even with pure Bitcoin transactions there will ultimately be fees.Maybe all you meant is that when the business and customer do both choose to use your escrow - the business doesn't charge an additional fee above what the network charges?If so.. sorry for my rambling above, but it wasn't clearP.S nice to see the 'about us' improvements on the UABB site. @electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd

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NewbieActivity: 14Merit: 0 Re: MyBitcoin.com - hosting provider: leaseweb.com August 01, 2011, 12:34:13 AM #69 Quote from: Matthew N. Wright on July 31, 2011, 11:51:15 PM



2) Businesses need to provide faxed copies of their operating licenses/business certificates. If they are not a registered business but a home-business, they need to provide multiple proofs of identity including a physical address for product return claims to be associated with, and a phone number to be connected with technical support.





In the spirit of trust and transparency, it would benefit the community if we had some of this information from you as well.



The domain names uabb.org and uabci.org have been registered anonymously. And the email



I love this idea and it could really benefit the community, but with everything that's been happening lately we need more. Are we supposed to trust one anonymous person on the internet because another anonymous person says they are legit?



For trust, we need total transparency in the organization that is handing out these accredations.



EDIT: don't take this post the wrong way. It's not meant to be accusatory. These are valid concerns! In the spirit of trust and transparency, it would benefit the community if we had some of this information from you as well.The domain names uabb.org and uabci.org have been registered anonymously. And the email m_wright@hanmail.com , which is associated with baok.or.kr, has bounced back as undeliverable.I love this idea and it could really benefit the community, but with everything that's been happening lately we need more. Are we supposed to trust one anonymous person on the internet because another anonymous person says they are legit?For trust, we need total transparency in the organization that is handing out these accredations.EDIT: don't take this post the wrong way. It's not meant to be accusatory. These are valid concerns!

Christian Pezza



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MemberActivity: 154Merit: 10 Re: MyBitcoin.com - hosting provider: leaseweb.com August 01, 2011, 03:46:47 AM #70 I just find out about MB down!!! What happen if some BTC got send to my account when the site is down? they got lost? they may could be sucked in and bye bye new digital coin?



I see so many good people in this new event of BTC but there is always that ass have to ruin the party!!!



If you like this tread consider to donate some to https://bitcointalk.org/donate.html

julz



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LegendaryActivity: 1092Merit: 1000 Re: MyBitcoin.com - hosting provider: leaseweb.com August 01, 2011, 07:53:15 AM #71 Quote from: Matthew N. Wright on July 31, 2011, 10:23:55 PM Quote from: julz on July 31, 2011, 10:15:00 PM

...

Seriously. You should be educating consumers to look for this information first - so you need to have it yourself.





...

Oversight or not, you have the right idea. Btw, I'll stop working on the redmine server configurations and put up that about page since you brought it up.

...Oversight or not, you have the right idea. Btw, I'll stop working on the redmine server configurations and put up that about page since you brought it up.

Well this is embarrassing for me.

After taking you to task on this issue - I realize I'm guilty of attempting to do business with a bitcoin site that gives no more than a support email address. Bitbills.com



Normally - for my non-bitcoin purchases - I've been pretty careful about checking out who I'm doing business with. I think the fact that I saw one of the bitbills guys appear on Bruce Wagner's bitcoin show, made me let my guard down!



However I'm hopeful that bitbills will do the right thing by anyone caught up by the problem that they were using mybitcoin as a payment processor.

They have a great product and a good reputation that is no doubt worth protecting.



They really should provide more info about their operation though. For bitbills to ever be accepted by the general public, they'll need to have some idea of who the issuing company actually is!











Well this is embarrassing for me.After taking you to task on this issue - I realize I'm guilty of attempting to do business with a bitcoin site that gives no more than a support email address. Bitbills.comNormally - for my non-bitcoin purchases - I've been pretty careful about checking out who I'm doing business with. I think the fact that I saw one of the bitbills guys appear on Bruce Wagner's bitcoin show, made me let my guard down!However I'm hopeful that bitbills will do the right thing by anyone caught up by the problem that they were using mybitcoin as a payment processor.They have a great product and a good reputation that is no doubt worth protecting.They really should provide more info about their operation though. For bitbills to ever be accepted by the general public, they'll need to have some idea of who the issuing company actually is! @electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd

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NewbieActivity: 38Merit: 0 Re: MyBitcoin.com - hosting provider: leaseweb.com August 01, 2011, 08:19:03 AM #72 I'm creating a business account on your page now.



Edit nvm your links seem broken



And I think folks from now on shouldnt trust anyone who isn't public/active in the community. Because most serious businesses absolutely are.

xcooling



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MemberActivity: 145Merit: 10 Re: MyBitcoin.com - hosting provider: leaseweb.com August 01, 2011, 08:22:41 AM #73 @ Matthew N. Wright : open your own thread if u want to advertise your company/service.



instead of wasting your time becoming a member of uabb.. rather opt for a truebusiness ID from geotrust or one of the many extended validation ssl providers, they will audit your information and make sure you are who you say you are.



This is about mybitcoin.com being offline, not about your own service.

https://www.betarigs.com/rig/1074

https://www.betarigs.com/rig/533 -- RENT MY RIGS ---

xcooling



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MemberActivity: 145Merit: 10 Re: MyBitcoin.com - hosting provider: leaseweb.com August 01, 2011, 07:27:44 PM #76 Contact one for the manufactures in korea or taiwan and have a batch of 100+ made for you.



You can even get them to stick 2x 6870's per a pcb. which would work out the same cost as a 5850 and return more mhs.

https://www.betarigs.com/rig/1074

https://www.betarigs.com/rig/533 -- RENT MY RIGS ---