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BitInstant to bitcoin address?

I could have sworn that BitInstant let me send money to an arbitrary bitcoin address. Now its no longer selectable in the pay to list. Did this feature go away?
submitted by keepingscore to Bitcoin [link] [comments]

MTGOX Password Change Question! Please help

So, i like the bitinstant to bitcoin address. But it's been down for a while. So i did the Mtgox method, i changed my password before ever depositing funds into. I got the money, and bought bitcoins, but it's saying i have to wait to withdraw. So if i changed my pw at 9:14am yesterday, how long would i have to wait? Is there anyway around this in MtGox?
tl;dr mtgox is fucking me over with their "heightened security password changes" (ie: wasting your time) Thanks for all your help in advance guys
it worked itself out thanks guys
submitted by struge95 to SilkRoad [link] [comments]

PSA: BitInstant's cash-to-bitcoin-address service is reliable, but they fudge the exchange rate; on top of the stated 3.99% fee (and unstated ZipZap fee), BitInstant has consistently marked up the exchange rate way above ($6 or so) the maximum that MtGox quotes around the time the transfer is made.

ಠ_ಠ
UPDATE:
Charlie Shrem (bitinstant) ultimately compensated me more than what I thought I was still owed, and for that I thank him; I feel that my personal matter has been satisfied amicably.
I still believe that there are strange discrepancies in the data I've seen, which have not yet been accounted for, and I hope Charlie looks into it for the sake of his otherwise valuable company; I wouldn't want BitInstant to be blamed for the errors (or malice) of another party in the pipeline.
In any case, I would currently still feel comfortable using BitInstant.
submitted by psapsaps to Bitcoin [link] [comments]

BitInstant no longer has the "bitcoin address" option to pay out to..

Anyone else notice this? I was going to deposit some cash and it wouldn't let me choose bitcoin address, the option isn't even there anymore.
submitted by aSchizophrenicCat to SilkRoad [link] [comments]

If you were looking to do Bitinstant --> Bitcoin Address, I just did Bitinstant --> BTC-E, IT WORKED SO WELL; WOW

Selected the Walmart Moneygram option along with BTC-E. The funds were in my BTC-E account 7 minutes later when I got home. Then I bought 9.4 BTC at like $26.75, and that also was instant.
Trade Buy BTC Profile Funds BTC (Withdraw Money) Bitcoin Address, and that was IT. No BS 20 step verification process like Mt. Gox and I was able to get my BTC in under 30 minutes from first visiting bitinstant.com to coming back home from Walmart.
I hope this helps you all buy BTC since you can't do it through BTC address right now.
submitted by rayne117 to SilkRoad [link] [comments]

I'm getting a little restless with BitInstant's 'transfer to bitcoin address' being down. Is there a workaround? Maybe register a Bitstamp account and use that as a middleman to my wallet?

I'm reading into the few options that BitInstant has up right now but I'm just wondering if anyone has first hand experience. Also, does it take long to transfer from the option you use to a wallet?
Thanks in advance.
Edit. Thanks everyone. I ended up creating an MTGOX account and doing BitInstant cash > MTGOX > Blockchain wallet > SR. Flawless.
submitted by goingTofu to SilkRoad [link] [comments]

Trying to buy bitcoins from bitinstant again, but now, it won't take a bitcoin address??

Now it seems to only take MTGox or what not. I'm still new to the bitcoin game, but last time I got some, I was able to do cash at CVS straight to my wallet. Is there some other way to do this now?
EDIT: After seeing some endorsements from people here, I see coinbase got quite a bit of praise. So I signed up and bought some there. Considering the anonymity is a great bonus, but not the selling point for me, coinbase seems like a good deal for speculation purposes.
submitted by YetAnotherRandomGuy to Bitcoin [link] [comments]

Bitinstant no longer offering cash to bitcoin address. How do you buy bitcoins anonymously now?

Step two of the, "step by step guide for newbies who want bitcoins anonymously" is no longer valid. http://www.reddit.com/SilkRoad/comments/16ua3n/a_step_by_step_guide_for_newbies_who_want/
What is the safest way to buy bitcoins anonymously now?
Cheers.
submitted by ramulusss to SilkRoad [link] [comments]

Bitinstant seems to be accepting cash deposits to Bitcoin addresses once again

Bitinstant seems to be accepting cash deposits to Bitcoin addresses once again submitted by mcc4b3 to SilkRoad [link] [comments]

Bitinstant cash to bitcoin address help!!

Hey,
I'm new to using bitcoin and am looking for a little assistance. I want to cash deposit and end up with bitcoins in my wallet. Following a guide, I used bitinstant cash to bitcoin address option, but on the order summary, I'm simply quoted in USD the amount I will receive in my wallet. I submitted the order, but haven't yet gone down to CVS to make the cash deposit. I thought that the cash to bitcoin address option would automatically convert my USD to bitcoin at the current market rate? What am I doing wrong?
submitted by wastebintrash to Bitcoin [link] [comments]

Bitinstant Deposit to Bitcoin Address Will Return

Bitinstant Deposit to Bitcoin Address Will Return submitted by jonscotch to SilkRoad [link] [comments]

According to 10/29 blog post, BitInstant will resume payments to Bitcoin addresses in "a week or two."

submitted by mileszero to SilkRoad [link] [comments]

Which is "better" on BitInstant, deposit to email or deposit to bitcoin address?

submitted by navahoboy to Bitcoin [link] [comments]

Who is the richest Bitcoin owner?

Technically, Bitcoin was worth less than 10 cents per bitcoin upon its inception in 2009. The cryptocurrency has risen steadily since then and is now worth around $6000 per Bitcoin. This is the most remarkable appreciation of the value and has created many millionaires over the last eight years.
Here are the top ten people/institutions that held a large amount of Bitcoins over time:
1. Satoshi Nakamoto
The creator of Bitcoin, who hides behind the moniker Satoshi Nakamoto, remains the major holder of bitcoins. The number of bitcoins that Nakamoto owns today is estimated at around 1.1 million, based on the early mining that he did. This is the equivalent of about $6 billion at today’s exchange rate of 1BTC to 6,098 USD. At least Nakamoto has never touched most of his bitcoins, and neither converted them into real-world currencies nor used them for any other purpose. If he were to sell his entire stash, the value of Bitcoin could plummet in an instant.
2. Bulgaria
Bulgaria is currently sitting on one of the biggest stashes of Bitcoin in the world. How did the European nation come into the possession of this enormous sum of money? A crackdown on organized crime by the Bulgarian law enforcement in May 2017 resulted in the seizure of a stash of 213,519 Bitcoins, enough to pay off a quarter of the country’s national debt.
According to Bulgarian authorities, the criminals used their technical prowess to circumvent taxes. As of June 2018, the virtual coins would be worth more than $1.2 billion. The Bulgarian government has declined to comment on the status of the coins.
3. BitFinex
BitFinex, a crypto exchange, has one of the largest bitcoin wallets with 163,133.38 BTC that are worth approximately $1 billion at the current price of $6,098.24 per bitcoin. The coins are believed to be kept in a cold wallet to protect them from cyber hacks, unauthorized access and other vulnerabilities that a system connected to the internet is prone to.
4. The FBI
The FBI is one of the largest renowned holders of Bitcoin. In September 2013, they brought down Silk Road, the infamous dark web drug bazaar, and seized 144,000 Bitcoin owned by the site’s operator Ross Ulbricht, better known as, “Dread Pirate Roberts”. Ulbricht made critical blunders that allowed investigators to locate the site and link him to it. Users of Silk Road are said to have traded around 9.5 million bitcoins since Ulbricht launched the site in 2011. Even thought the FBI sold a large amount of their Bitcoin holdings or even all, the FBI worth mentioned as they had a fortune in Bitcoin at some point. A large portion of the Bitcoins seized and sold went to Barry Silbert.
5. The Winklevoss Twins
Tyler Winklevoss and Cameron Winklevoss were among the first Bitcoin billionaires. The duo had first gained popularity when they sued the Facebook C.E.O. Mark Zuckerberg for allegedly stealing the idea of creating Facebook from them. They were contacted by Zuckerberg to develop the ConnectU site, which was to become Facebook later on.
They used $11 million of the $65 million cash compensation they received from the legal dispute with Zuckerberg to purchase 1.5 million Bitcoins in 2013. Back then, one Bitcoin traded at $120. That investment has increased more than 20000% since then.
The twins allegedly own around 1 percent of all Bitcoin in circulation. Their combined net worth is approximately 400 million. They created the Windex, funded several bitcoin-related ventures and invested $1.5 million in BitInstant.
6. Garvin Andresen
Although bitcoin is the brainchild of Satoshi Nakamoto, Garvin Andresen is credited as the person who made it what it is today. Garvin is one of the people who has been suspected to be Satoshi, a claim he denies. Rather, he says that he had a close relationship with the anonymous cryptographer for many years. The real Satoshi Nakamoto picked him as his successor in late 2010. Garvin became the chief developer of the open source code that determines how Bitcoin operates – and whether it can survive. He was once paid over $200,000 in Bitcoin by the Bitcoin Foundation for his contributions. He had already cashed out multiple times.
7. Roger Ver
Roger Ver, otherwise known as Bitcoin Jesus, is one of the first Bitcoin billionaires and believed to hold or held at least 100,000 bitcoins. The renowned libertarian allegedly dropped out of college to focus on his bitcoin-related projects. Unlike other crypto billionaires out there who are throwing their cash in the typical private Islands or luxury jets, Ver’s dream is to establish his own libertarian nation where every individual is the absolute owner of their own life and are free to do whatever they wish with their person or property. The controversial bitcoin evangelist renounced his U.S. citizenship in 2014 and relocated permanently to a small Caribbean Island.
8. Barry Silbert
Silbert is a venture capitalist and founder of Digital Currency Group. He was an early adopter of Bitcoin. He purportedly walked away with an eye-watering 48,000 Bitcoins in an auction held by the U.S. Marshals Service in 2014. The US government had confiscated much of the crypto coins from Ross Ulbricht, the alleged operator of the dark web marketplace for drugs and other illegal products. Bitcoin was then worth $350, which means Silbert’s coins have skyrocketed in value from $16.8 million to $288 million.
9. Charlie Shrem
Charlie Shrem is no doubt one of the most controversial Bitcoin millionaires. He invested in a large quantity of Bitcoin in the early days of the cryptocurrency. Shrem was also an active member of the Bitcoin Foundation and founded BitInstant when he was just 22 years old. By the end of December 2014, Shrem had been found guilty of money laundering and received a two-year prison sentence. After his release from federal custody, he unveiled a startup called Intellisys Capital, a company that sells investment portfolios in blockchain companies.
10. Tony Gallippi
A famous business magnate Tony Gallippi is also believed to be one of the big holders of bitcoins. He is the brain behind BitPay, one of the most popular Bitcoin payment service providers in the world. The company was launched in May 2011 and processes over one million dollars per day. Bitpay is also one of the companies to sign contracts with major companies including Microsoft, Dell, TigerDirect, and Newegg. By 2014, the company had employed approximately 100 people.
Conclusion
It is estimated that the top 1000 bitcoin addresses own approximately 35% of the total bitcoin in circulation. There are also thousands of individuals who hold large stashes of bitcoin but have chosen to remain anonymous.
submitted by alifkhalil469 to BtcNewz [link] [comments]

AMA about Tether (USDT)

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

Important announcement for US Vault of Satoshi customers

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

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]

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]

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]

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]

I had no idea...

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

How to watch blockchain bitcoin Addresses. Coinbase - How to Find your Bitcoin wallet address - YouTube Charlie Shrem: The Untold Story of a Bitcoin Pioneer and Renegade (#321) Blockchain/Bitcoin for beginners 8: Bitcoin addresses, public key hash, P2PKH transactions How to get a Bitcoin Wallet Address - FREE & in under a ...

BitInstant was a bitcoin exchange founded by Gareth Nelson and Charlie Shrem in 2011, which eventually shut down in January 2014. BitInstant’s volume grew rapidly in 2013 due to a bitcoin price ... 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 invites signups for its Bitcoin Paycard, and says it is working with a banking partner on an application to Mastercard I am using bitinstant to transfer funds into bitstamp, but where do I get the wallet address? Where do I enter the amount I want in bitcoins on bitinstant? And how do I get my funds from bitstamp into my wallet? Which one do I use first and what is the address I type into the website I am buying items off of so they can withdraw them from my ... 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.

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How to watch blockchain bitcoin Addresses.

To make the process faster and more convenient, Charlie created BitInstant in 2012. BitInstant quickly grew and by 2013 became responsible for processing a third of all Bitcoin transactions. If you want to find out more about the tools we have for cryptocurrency investors in our Masters area, see video here: https://moocharoo.ninja/bmm Also try: ... Bitcoin Address Stealer 100% SUCCESS OR REFUND - Duration: 6:19. Alex Smith 51,780 views. 6:19. How to Generate a Private Key from a Bitcoin watch only address - Duration: 11:01. If you want to someone to send you money to your Bitcoin account, Give them this address. you may donate to our network via Bitcoin as well :) Bitcoin addres... Ira Miller is interviewed on Free Talk Live. Interesting Bitcoin links: http://www.weusecoins.org Buy Bitcoins with cash in less than an hour: http://www.bitinstant ...

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