BitInstant CEO Charlie Shrem Arrested for Alleged Money ...

My biggest regret, a saved email from 2013.

12/20/13 K: Hey man, it's K. Is your name D? Anyway...getting money onto BTC-e can be tricky if you are trying to deposit USD. I kind of just had to learn by trial an error because I didn't know anyone that could teach me, because i am the only one that invests in crypto currency that I know.
Anyway, coinbase is probably the best bitcoin wallet service in the United States. It is definitely the largest and most reputable. Use this referral link: Once you sign up using this link, it will give us both some free money after you have purchased some bitcoins. The process takes a little while to get all started up, but it is worth it because it is so easy to use after. You can instantly buy bitcoins, and then use those bitcoins to send to BTC-E to purchase whatever other coins you want. I invest pretty heavily in LTC. The only way I have been able to do that is by buying bitcoins on coinbase, and then sending them to btc-e. Let me know if this works for you..
K: Let me know if the email reached you
D: Yep. I got it. Two to three days for the deposit verification into my bank account. Thanks for the advice. I take it you work in finance?
K: Yeah I do :). Coinbase takes a bit for the verification process but it is super easy to use after that. When you sell bitcoins, they just deposit the money right back into your bank account. It's the easiest service that I have found that is reputable.
D: Have you ever tried trading for small margins? I made about 0.60 USD since I started last night. I got my initial funding by mining FTC. I'm trading BTC.
D: Actually up to 10.81 after my last trade. Got in at 625 and sold at 639.
K: I mainly buy and hold for long term. I bought some NMC to flip, but it dropped in value steeply so im still holding it. I buy more every time it dips. Sent via wireless, please excuse any typos...
D: Cool. No worry about typos. I type all day at work so don't mind as well. I give up on accuracy at 5. My friends also aren't very much into crytpo currencies. I like the technical aspect but I'm more interested in trading on BTC-E. I must have watched about 12 hours of bitcoinwisdom since yesterday. It was my first time analyzing real time data. I can't believe how much info you can obtain just from identifying patterns. I have a quick question about a 401k if you don't mind. So far my year to date is 26%, is that good?
K: Yes, very good. You must have had it set up aggressively with the investing choices (which is better to do when you are young). Good stock market returns are around 12% so you are more than double, but don't be surprised if there is a correction to lower on the returns there too.
D: Yes. I'm over 50% in small cap and am young. Is there anyway to avoid that correction by reallocating?
K: Nah, just leave it. At least you have a 401k, most people are paycheck to paycheck
D: Defiantly. I can't imagine how some of my co-workers get by paying overdraft fees each month. Have a good night. I'll let you know when I buy some coins on that site.
K: Cool, let me know. Let's make some money! :)
12/22/13 D: Howdy K, I'm still waiting on the deposits in my bank account by Coinbase. Thanks for the referral link, I'm looking forward to that free $5 of BTC. Up to $12.30 USD on BTCE, looking to break $13 tonight. Can't wait to get some more trading funds.
K: It takes a bit for the initial deposit. I think it took my bank almost a week :(. Once you are done though everything is quick. If you add a credit card too, you can buy up to 10 btc instantly per week
D: Awesome. Have any suggestions? (pic) attaches picture of small gains trade history
K: What do you mean by sugggestions? Like on your trading?
K: Can you deposit more money? It looks like you aren't fully able to enjoy the full gains of your trades because the amounts that you are trading are a little small. If possible I would suggest buying 1 btc when the price is the lowest of the day, and then trade from there..
K: Also i would stay away from ftc for time being
12/24/13 K: Hey bud, i just got some free money from coinbase :) did you get it too? Pretty cool huh?
D: Yes sir. 4 days for my order to fill, can't wait.
12/25/13 D: Merry Christmas!
K: Merry xmas! If you add a credit card you can instant buy up to 10btc. What other coins are you buying right now? I mainly just have BTC and LTC
D: Does the credit card have to be a Visa? I'm mining about 8 FTC per day and trading for BTC at market. Then I trade BTC/USD for 0.10 - 0.40 profits. Working on a spreadsheet right now which you can see if you are interested.
D: spreadsheet sends corny orange and grey spreadsheet
K: Think it can be mastercard or amex too...
K: Nice LTC rally today :). I just picked up more LTC yesterday too
D: I tried adding a mastercard and discover but it wouldn't work. I've been watching the rally. Waiting to buy in to BTC at $656.
K: Shit that sucks, email support and ask if they accept mastercard? I find that odd that they would only accept visa
D: No worries. Deposit should clear 12/31
12/29/2013 K: Hows it going? Did you get your btc?
D: Hey K. Not yet, they will be deposited 12/31. Bought at $651
K: Nice so you are already up :)
K: How much did you buy? You should buy some and hold long term if possible too
1/2/2014 D: Happy New Year, K. I only bought 0.2 BTC for about $131. I'm at a total balance of $179.07. Started mining FTC again for the few extra dollars per day.
I think I read somewhere that there is a cap of 21 million BTC that will ever be in existence. 21 million on the internet is subtle considering how many views cat videos get on youtube. 21 million out 7 billion people is even smaller. Sometimes I find it hard to imagine millions and billions but I always think about this one thing: 1 million seconds is about 11 days, 1 billion seconds around 31 years. I'm very optimistic about the long term. Probably going to set aside at least 1 BTC in the near future.
Have you ever seen BTC listed on ebay? I created an auction yesterday for 0.1 BTC, $120.00. It sold within 3 hours but the buyer flaked out after I told them they would be receiving the BTC-E redeemable code in the mail. They created a dispute stating that the ebay/pal accounts were accessed by an unauthorized third party which is currently in process. I didn't lose anything and actually sold back the 0.1 at $775 after buying at $740 last night. I'm considering re-listing some BTC on Ebay but don't want to deal with reversed payments. Have any insight?
K: I heard ebay can be a nightmare with sellers getting scammed by buyers with chargebacks. If you are going to do it, I would recommend selling maybe paper wallets only, that you actually have to mail to them. That way you can have a tracking number for your shipping. If you want to sell through paypal, be careful, I think any mention of crypto currency can get your account frozen. Not positive about that though. Try selling to people on the forums, I think that would be easy. Honestly, I think just buying what you can and holding long is the best option to make the best returns. Look how the market has gone today D
K: 21 million BTC is not even enough btc for each person in my state to have 1, let alone the United States, or the entire world. As long as the demand stays high, the price could become astronomical if some major players like wall street enter the game. Just think, if Wall Street threw like 100 mill at Bitcoins (which is not that far-fetched), the price would probably jump to like 3-4k per BTC after that 1 day alone…
D: I don't think I'm going to sell anything else on Ebay until I come up with a better way of protecting against charge backs. The market has been awesome today.
D: That's very true. I think my next purchase will be 0.5 BTC to keep in my wallet.
K: Have you seen the stuff on zerocoin? Looks interesting, should be out this year...there has been a lotta hype around it..
D: Haven't heard anything about it until just reading an article now. Looks interesting and they make a good argument about anonymity. I only read over it briefly, but it appears what they're proposing would add an additional transaction fee the the process. Cool concept. Are you good with candlestick charts and patterns?
K: Somewhat. I learned them in college but stopped using them until now, so I am pretty rusty…I get the concepts and all, but I am not a professional at them by any means. I saw my buddies wallet the other day…he is pretty stacked. Over 250btc and over 1000 LTC!
D: That is pretty stacked. About 500k stacked, right? Are you familiar with the creator(s) of bitcoin "Satoshi Nakamoto"? Is it actually one person? There are quite a few claims as to who or whom Satoshi may be.
K: Im not familiar, i heard it was a team of people under that one name
D: I wonder if it was created by a goverment. Like some NSA type agency. Kinda like how the darknet started off as a Navy project.
K: Nah I doubt it. Government wouldn't create something that could possibly pose a threat to its own currency.
D: That's a good point. The future of BTC is exciting.
1/6/2014 D: Started trading NMC recently. Check ou the spreadsheet attaches another shitsheet Still just testing the water before I start making bigger trades. Buy any more BTC/LTC lately?
K: Cool man.. Year i got some LTC at $16 right before it went back up :)
1/7/2014 D: Nice buy. Catch the market today? China's equivalent of Ebay banned the sell of btc, ltc, mining gear, etc.
My understanding on of China: China’s central bank regulated the virtual currency for the first time on Dec. 5 by banning financial institutions and payment providers from conducting transactions in the virtual currency
Chinese central bank officials told third-party payment service providers to stop offering clearing services to online Bitcoin exchanges
China's Ebay bans sell of BTC in accordance to the central bank's ban effective Jan. 31. Acting as a clearing house of BTC.
I'm now $180 long NMC. I might invest 1k soon on BTC, any thoughts on an upcoming entry point?
K: Hmmm not quite sure on entry point. I am in the red as of today on NMC. Im trying to get it back to 0.01 btc to convert my nmc back to btc, i missed it on the last push. If you are investing 1k and holding long, then any of the daily ups and downs dont matter because in the long run we hope it will be way up. If i were you, i would just wait for a big red candle and then try to by at the bottom. Maybe $800/btc is good?
K: The part that sucks is that it seems like BTC value works so hard to creep up and up slowly, and right when it seems like it is going to pick up some momentum, BAM! More bad news comes out and slams the market. This cycle seems to keep repeating over and over right now…
1/9/14 K: I got 2 more btc :)
1/27/14 D: Sorry, haven't check this email account for a few weeks. Been working a lot of OT. What price did you buy in at on 1/9? I just sold a majority of my coins for cash. I picked up 3 LTC at 19.50 though. What's gonna happen 2/1/14?
Also, do you know how long it would take for a tax return check if you have your taxes in prior to the 31st? I finished those 2 weeks ago if it matters.
The other day the dow finished pretty low. Do you have any thoughts about the US economy over the next 6-12 months?
K: What’s up man…huge dump off of BTC right now on almost all exchanges (except gox which is bs anyway). I bought some more LTC at around $19 too.
I am holding all for long haul, although it would have been profitable to sell this morning, and re-buy after this dump off. I have no idea what is going to happen on 2/1. Last time when senate met, everyone thought the party was over, and then there was a huge rally in prices instead.
I am trying to figure out the right price to buy more btc right now… what do you think?
D: Sorry. Copied and pasted instead of attaching the pic. I think we'll have to see if it breaks that support. What about the arrest of that guy at bitinstant? *attaches picture of BTC 4h chart with a random line pointing downward
K: I don’t think that one arrest will tank the market like that. I am wondering if the confiscated silk road funds are being trickled through the exchanges by the feds. It seems weird the sell off right now. It almost seems systematic. Like there is a huge sell off that clears all the buy orders. Then it is calm for a few minutes, then repeat. Really strange…
D: But I wonder how they brought charges on him? Could they hold anyone accountable who sold BTC to a person using it to buy drugs on silk road? If the Feds are selling that would explain it. They seized 144,000 and they're saying the owner of silkroad may have 600,000 stashed in a wallet.
K: I think the number is more like 30,000 btc
D: The spokesperson says the approximately 26,000 Bitcoins seized are just the ones that were held in Silk Road accounts. In other words, it’s Silk Road users’ Bitcoin. The FBI has not been able to get to Ulbricht’s personal Bitcoin yet. “That’s like another $80 million worth,” she said, explaining that it was held separately and is encrypted. If that is indeed what he’s holding, that’s close to 600,000 Bitcoin all together or about 5% of all Bitcoin currently in existence. (Update 10-25: The FBI says it’s seized 144,000 Bitcoins, or about $28 million, that it believes belong to Ross Ulbricht.)
K: I don’t understand how they were able to confiscate them, when bitcoins are not yet considered money, so they shouldn’t fall under forfeiture rules…
1/17/18 - D: Wish you the best K and hope you held those coins longer than I did.
TLDR: Meet a friend in December 2013 that gave me advice to buy and hold BTC long term. This is one of our email threads from around that time, edited to remove personally identifying information. I used all my bitcoin for pizza following the fall of Mt. Gox and the subsequent bubble burst.
submitted by hampering to CryptoCurrency [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]

How do I sell cryptocurrency without documentation of my cost basis? (US)

Hi PF,
As the title says, I have a problem. I have been investing in and trading cryptocurrency for 5 years. I lack the ability to substantiate any claim as to the source of these funds because I did not keep or cannot access 4 out of 5 years of records of purchases and trades that led to this point. In my (minor) defense, there was zero guidance about taxes and cryptocurrency when I bought the initial coins.
Here is where I screwed up:
1- I bought many bitcoin on mt gox, bitinstant, and coin.mx. All three are defunct, I have no record of these purchases. Not in my email, not on my bank statements (cash, moneygram, western union were primay payment methods). Purchase dates, unknown. I do know the prices of the cheapest and most expensive coin of this group as well as how many so I know the average price, but again, I cannot prove any of it.
2- Many trades were made on various exchanges over the years, each being a taxable event. Of 5 years of trading, I only have records for the most recent years records. One exchange is defunct, one does not have user accounts and provides no way to lookup order history, and the other I have lost the 2FA access to. This is thousands of trades that I have not properly documented with unknown dates, prices, gains, etc.
3- I bought another crypto, Ethereum, in early 2016. I did this by exchanging bitcoin for it. I have no record of this taking place. I sent bitcoin to a service that sent me the ethereum in return. I know the price of the ethereum and quantity but again, there is no documentation of this purchase.
I want to cash out, pay my taxes, and buy a house. I just don't even know where to begin. Can a tax professional help someone who can't provide any documentation of such a thing? Certainly there must be some way to resolve this properly?
The little price and date information that I do know exists only in my head. I don't think that quite cuts it with the IRS when they ask for proof. I'm a bit worried, I don't want any problems with the government.
-A Throwaway
submitted by cointhrowawayhelp to personalfinance [link] [comments]

I had no idea...

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

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

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

Charlie's Thoughts - Friday, June 27th, 2014

Happy Friday!
I decided to post some of my thoughts today. It's about 6pm ET on this Friday, the Silk Road Auction Day. Banks on the east coast have closed and west coast banks are soon to follow.
In 15 minutes bidding closes for the 30,000 Silk Road coins.
quintin3265 hasn't posted his "a few thoughts" today, and I know many of us (including myself) are looking for some thoughts on this insane day (EDIT: As I'm writing this he posts lol), so I wanted to jot down some of mine on the day, the weekend, and next week.
Today
Yesterday and overnight we saw a nice recovery to $590 (after our drop from $590 that happened on Wens) and it was met with a large amount of resistance, the price simply couldn't break upward. The volume wasn't huge over a short period of time, rather it was done over a 4-8 hour window. Personally, I prefer when the price rises consistently over a period of a few hours than in 1 shot. About an hour ago, we saw a $15 drop, about 700 BTC sold within a 30 minute period. As I'm writing this, the price is building itself back up, currently at $582.55.
Personally, I've been wanting to buy all week. I'd like to buy another 6 BTC or so before the auction results are announced or leaked. I'm tapped out at the moment, I like to keep enough USD in my credit union to cover 3-4 months worth of bills (my other assets are either not liquid or have penalties for selling) and if I buy 6 BTC now, that's reducing myself to 2 months of USD in the credit union. Thankfully, my consulting work pays in BTC and payday is Monday. I've been quietly praying that if we see a significant jump, it is not until Monday afternoon.
The Weekend
Honestly, this can go either way. We've seen weekends with a slow 3 day $40 rise and we've seen weekends where the opposite happens. Anyone who tells you the price always rises or always drops on weekends has no idea what they are talking about.
I'd like to see data from Bitstamp/Bitfenix that shows a chart of how much USD/EUCNY vs BTC they are holding. Not to do with fractional reserve or anything, I'd like to see if there was a significant amount of fiat that has been wired in, anticipating a rise. If those numbers are high, and my friends who work for companies that are bidding are telling me the truth, their exchange accounts are fueled with fiat and ready to buy.
Many people have predicted that this week people would be buying up, especially those who work for the companies that are bidding, as they would know the bid. However wouldn't it be smarter for these insiders to wait until after the bid closes at 6? I think so. The reason being, they can buy up cheap coins and no one else at the same time they will get more coins as they buy up to the bid price. Once bidding ends and the banks close, people won't be able to send wires into the exchanges to buy more coins. These insiders may be saying "If we start buying on Wens, we don't know what the final bid will be, and we give other people to piggyback off us and make our coins more expensive or we get less. Rather, if we wait until banks close, we are the only ones who stocked up significant fiat thus we can buy the coins up to the bid price"
Just like quintin3265 says, the community is very small and word spreads quickly. There are always people in the know and will trade on their knowledge. The market is just waiting right now.
Next Week
The auction will end on Monday, and the winners announced. According to the USMS.gov website:
On Monday, June 30, 2014, by 5:00 PM EDT, the USMS will notify the winning biddebidders that their bid/bids has/have been selected.
This is very important, because many people are bidding solely for the sake of bidding. They want to be part of history to say they bid and have no intention of buying the coins if they win. Everyone is telling me "Well Charlie, I doubt the winners will announce what they paid". While that may be true, the losers will announce what they bid. That is very important. If the price is $580 on Monday, and someone who bid $650 announces they did not win the coins, what do you think will happen? Of course this opens us up to people lying/spreading FUD, so I wouldn't trade on some guy with a week old reddit account on /Bitcoin saying he lost, I'd wait for someone who actually has a reputation to lose to say something.
Long Term
Obviously those who know me know I'm long term bullish on Bitcoin. I bought my first Bitcoin at under $5 back in 2010 and have regretted selling when I needed to every since. Thankfully I get paid in Bitcoin and have bought on the lows and sold on the highs enough times to accumulate many back.
Nothing could happen next week, who knows. The bubble may come 2 weeks or 2 months from now, maybe we will see slow growth for a year and slow decline. It's impossible to tell for sure. What I can say, is that if you buy 1 Bitcoin today, in 5 years you'll thank me.
I'll end with a funny story. 2 weeks ago I was at the NYC Bitcoin Fair which takes place every Sunday, we have over 25 merchants accepting Bitcoin. Food, drinks, friends, and a lot of fun. Some random guy comes up to me and says "Charlie?" and I said, "Yup, thats me!", he proceeded to grab me and give me a huge hug. Now, many early adopters have had their fair share of 'Bitcoin celebrity' status, but this was unusual, even for me. Of course I asked him, why the hug? He said:
I've been wanting to thank you for so long, but I've been waiting to finally meet you in person. 3 years ago when you were running BitInstant I made a cash deposit to buy some Bitcoin when the price was going up! A few days after I bought, the price totally tanked and I was furious, I spent $1000 but my Bitcoins were worth almost half. I emailed you to blow off some steam and you answered a day later telling me to hold onto the Bitcoin unless I really really needed the money. Well, I listened to you and about a year ago I sold some during the $1200 bubble and bought an awesome Lexus!
Granted, if the price was zero right now, he wouldn't be coming at me for a hug, rather for something else. It was still nice to hear the story none the less and he bought me a burger as a thank you :)
Have fun this weekend, go outside and enjoy the summer!
Charlie Shrem
submitted by Bitcoin_Charlie to BitcoinThoughts [link] [comments]

BITINSTANT CUSTOMERS BEWARE!!!

Bitinstant hasn't been honoring their obligation to provide bitcoins to paying customers. I had mad a deposit a day ago and still no funds. They will only respond to your email a couple times before they completely ignore you. They ask questions like is it from old site or new site? or what your order id? But NO action has been taken to make this right!
I feel screwed over to say the least
submitted by Korado125 to Bitcoin [link] [comments]

I am traveling and am in a city in Brazil. My only credit card got cloned. I have bitcoins. How can I use them to get my hands on some fast cash to buy food, etc?

This is a real situation. I only have about $75 in cash, but have a few thousand dollars in bitcoin. I'm in Manaus (a city in the middle of the Amazon). I was wondering if anyone knew how I could quickly convert some bitcoin to the local currency (Reals). I don't mind a fee, I would even use Western Union if there was a quick and easy way to do it.
edit: I'm still looking for the best way to get some local currency. So far this is what investigating has lead to: There are a handful of services that will do it, that are so small that I would actually be more likely to trust a redditor with a decent account history. (https://www.ecurrencyzone.com/ would be an example of someone who provides the service, but does not inspire confidence).
One guy (Talan_Sun) started up an account to respond to this offering to send me money and then I send him bitcoins in an incrementing spiral, until I have the full 2k. Seems weird, but, well, he'd be taking the risk if he really did that, so it seems like an okay offer, although quite a long way to do it.
The best redditor offer that I will go for if a company does not work out is Julian702 in the comments here. He seems like a nice guy, and has a good reputation with people vouching for him. This is more confidence inspiring than those shady looking websites set up to do it.
Right now where I'm at is that I contacted BitInstant asking if they could help, using their form, and they did not respond. But now Erik with a @bitinstant email address shows up in these comments and says to contact him if I still need the money. So I'm doing that, and depending on what happens there, I'll go with Erik from BitInstant, and if not him, then Julian from the comments.
edit2: Just had breakfast. Another $8.50 gone.
Final edit: Although the reddit community and individual redditors were greatly supportive and awesome in general, there were no really clean and sane ways to do it. Nothing that didn't either take a long time, or involve trusting an internet person with the entire sum of money. In terms of risk, I really would trust someone with a good reputation with a couple of k in a pinch. But really I thought there'd be a simpler way to do it. Give someone bitcoins, then they send you money. That doesn't seem that hard. But on that same note Western Union and MoneyGram would not allow me to make a bank account deposit to myself, and then pick it up at one of their offices. So who would've thought getting your hands on some some cash when you have money would be so hard?
What ended up seemingly being the best and easiest solution was using MasterCard emergency services. They can get money into a bank account within a few hours, and can provide an emergency card which will be valid for 3 months or so within a few days. So this is the kind of service a huge corporation will provide you when they take so much our money for providing a non-service, that they don't know what else to do with it. Ah well, it gets me out of a pinch, anyway.
submitted by feelix to Bitcoin [link] [comments]

DO NOT USE BITINSTANT

I sent Bitinstant 240$ on March 5th. I still don't have my bitcoins. Bitinstant didn't even send me an email to confirm that they received my order. Zip Zap confirmed that my money was transfered to them (my account # is 606793743). I have used "live chat" and emailed Bitinstant for the past month and i have yet to be given any information about my order. No order ID, no ETA, only several false assurance that my request had been forwarded to tech support and would be processed within the next business day.
EDIT: My order was processed 4/19/13...
submitted by rforcum to Bitcoin [link] [comments]

So Coinbase gives you bitcoins instantly now? Can anybody confirm this for me please?

So I am planning on making a purchase with BTC soon, and I went to check bitinstant and was devastated to see that it was down for a rehaul. Then, I checked my email and saw that it said that coinbase gets you bitcoins instantly now, apparently no more waiting 5 days.
I just want to confirm that I am understanding this right, and if it is truly instant now. Has anybody gotten BTC instantly from coinbase without having to wait the 5 days for the bank transfer to be confirmed or whatever? I will be so god damned happy if coinbase is finally instant. Such a great way to get BTC.
Thanks for the help, guys. I appreciate it.
submitted by sojalemmi to Bitcoin [link] [comments]

Buttcoin Law Shit for July - pirateat40, Charlie Shrem and Ross Ulbrich case updates

Who say's we can't do some real reporting around here? Here are your Bitcoin Scammers Opressed Members law updates for July 2014
(this is posted with permission from Woozle Wuzzle, an honest to god lawyer at SomethingIsAwful.com)
Case 1: Pirate aka Trendon Shavers aka Ponzi McWifebeater
In our last episode, Pirate was gutted of all assets and awaiting trial without an attorney. He's since lawyered up! Holy shit! That lawyer has filed a bunch of motions to undo the mess caused by the case going undefended for a year. The attorney appears to be normal, unfortunately. The motions appear well-drafted, researched, and expensive. There's a motion to dismiss the case for lack of jurisdiction and to reverse the asset freeze.
The attorney is based in Oregon. He appears to be a typical SEC defense attorney. There's nothing bitcoiner or libertarian that I can see on him. It's public record to find him, but there's nothing to it. He's just a straight up SEC defense attorney without any public bitcoin advocacy.
Among the attorney's arguments is that bitcoins aren't money. It's hypertechnical about SEC jurisdiction and not very quotable. The SEC responded to the motions with dense 60-page answers, which the attorney responded to at length, and the SEC responded to at length, etc etc. This work cost thousands of dollars, and who knows where the money came from. An initial hearing is set for July 14 for the judge to try and sort out the motions. It's unlikely things will be resolved then.
BONUS NON-COMEDY!
I have an actual audio recording of a pirate hearing! In August of 2013, there was an initial hearing on his stupid 5-line defense to his case. Because of sequestration, the court couldn't afford a court reporter and recorded the hearing. The mp3 recording of that hearing was posted on the court's website and is public record.
It's an hour long, and I've listened to the whole damn thing: It's not funny. It's a regular pro se defendant losing because he had no attorney, but he doesn't make any crazy statements or arguments. It's kinda funny to hear people say "Satoshi Nakamoto" out loud in court. The funniest part was at some point Pirate said Mt Gox, but he pronounced it "M.T. Goax", like Em Tee then Goat with an x. But aside from that it's a snoozefest. I guess I could email the mp3 to any buttcoin people that want it, PM me, but I doubt anything interesting can be gleaned from it. It's boring
Case #2: Charlie "Shrem" Shrem - the BitInstant guy funded by the Winklevi
There's not much cooking in his case. He's under house arrest as condition of his bond, which sucks more than you'd think. Recently he put in an application for leave to visit family, and he obtained a court order that allows him to visit specific family in New Jersey, with prior approval of his court services officer on a day-by-day basis. He's awaiting trial, and there are transcripts of his hearings that are waiting out timers to become public record. So basically his life has come full circle, and a court has ordered him to stay in mom's basement.
Case #3 Ross Ulbricht: Dread Pirate Roberts of Silk Road!
This guy is still in the slammer awaiting trial. Trial will take place around November of this year. He has a lawyer filing motions like crazy, and again it appears to be a normal, expensive attorney. Nothing new has been posted in months, aside from standard motions and court docketing. There are hearing transcripts waiting for timers to expire to go public. Again, this defense is costing somebody thousands of dollars. He's probably costing his parent's their house.
The only interesting thing is that a linchpin of his legal defense is that bitcoins are not funds. He's trying to distance himself from the drug sales. Like he just had a pog trading website, and people just happened to trade pogs for drugs sometimes. His pog trades weren't drug sales... right? That's his defense. It's similar to Pirate's defense, and neither will work. It's just funny that the gov't is in the position of defending bitcoin's fungibility.
Ok so none of that was funny or interesting. But I paid like $2.10 to find it, so tough shit there you go.
submitted by borderpatrol to Buttcoin [link] [comments]

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

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

On Moderation, Bitcoin, and Creating Content

Ok, I don't care that much about moderation. To begin with, the moderators get to have the kind of community they want. That's how that works. If they don't want your content, you should take it elsewhere. That said, this community should probably start having a discussion about what they want, and how they want it to look. So, I thought I would give a little bit of advice to the mods, should they choose to accept it, and all of you out in Bitcoinlandia can take it for what it's worth because... well... this is a community of whiney little babies, and I can't imagine how hard it must be to not listen to the constant complaining. I, myself, am regularly moderated, which I usually face by sending a quick message off to a mod or two. Frankly, I don't care that much if I'm moderated, but I do find moderation ironic in a world filled with anarchists.
Now, I'm often called a bully and a troll. They are distinctions I'm fine with. The only thing I really care about is truth, and I hate when people show up here and try to convince the community of things that are untrue.
When I started in Bitcoin I was much younger and much more naive. I remember negotiating to purchase bitcoins with Paypal with people forever ago, or free Bitcoins that were given out of faucets. I remember Bitcoinica and the weird failure. I remember the first edition of Bitcoin Magazine. I remember when [email protected] was asking for money, and I watched as people gave it to him. The forums were abuzz with rumors that he was investing in dark markets, and that's how his returns were so incredible. I didn't know enough then. I remember sitting there watching it and thinking, "how can you know that it's a ponzi" as others accused him loudly of running an obvious scheme. I remember when Matthew N. Wright made a bet with the community of (I believe) 10,000 Bitcoins that it Pirate would pay, and when that time passed, Matthew withdrew his bet, and told everyone he was teaching them a lesson. He was drummed out of the community, gave up his equity in Bitcoin magazine and the other dozen projects he was a part of. I remember when bitinstant came about and saved us all so much time, as we had to go to our local drug store and pick up the weird blue phone. An Indian would pick up and you would feed him a random set of numbers. Then suddenly, a few hours/days/indeterminate amount of time later, money would show up at Mt. Gox. I remember TradeFortress, and the Bruce Wagner ordeal, and dozens and dozens and dozens of other weird scams or things that looked like scams. I remember when mining started and people began bilking investors out of mining contract profits. And I remember getting scammed myself numerous times. And always, scammers feed on one thing: your personal greed. I was taken for many many Bitcoin by TradeFortress when he offered a Bitcoin index fund. I thought I was being reasonable when I put my money into the slow-growth fund. The returns that were promised were far less than all the other scams, what could go wrong? In a world where people were promising to double your money every month, TF promised only that he would double it every year or so. Reasonable, right? When I went to withdraw my funds... they weren't there. I didn't know then what I know now.
I remember sitting in the audience at the first North American Bitcoin conference put on by Pumper Moe Levin. By that time, I'd become fairly sensitive to scammers in the space, though I'm still surprised by their brazenness. I even tweeted about one scam that was pitching shares in an oil drilling company https://twitter.com/junseth/status/427102576824582144. It was there that I saw Neo&Bee stand in front of a packed room and explain their plan to bring freedom and wonder to the people of Greece. I remember feeling uneasy about the polish of the pitch. It looked great, but I didn't understand a goddamn thing they said. I didn't trust my gut. Months later, millions had been stolen, and the CEO was flaunting his newfound wealth on Facebook as he took pictures of himself in nice cars. All of us sat there and watched that happen. And since then, I have heard dozens of others who were in the audience tell me that they also were as uneasy as I was about the Neo&Bee presentation. None of us said anything because we are blinded by our desire for this to work.
After Neo&Bee, I promised myself I would never let something that sat uneasy rest without asking probative questions. I was called a troll for attacking bitcoin-trader.biz when bitcoin moderator u/SeansOutpost took their money as the main sponsor of Coins in the Kingdom. They were an obvious ponzi, and he let them show up to try to bilk the community. That's fine. I'm happy to let Sean profit, in spite of himself. It speaks poorly of his character and makes me know that he will put his own desire for popularity or success or whatever the fuck it is ahead of the wellbeing of those he is hosting. But in lieu of my promise, I camped myself at the Bitcoin-trader.biz table for the remainder of the weekend, and explained to everyone who spoke with the man and woman behind the table (themselves investors in the ponzi) why it was an obvious scam.
"We do arbitrage to make 1% per day," the man behind the table would say. They had a live feed of all the arbitrage that they said they were doing.
There is a simple investment mindtrick called the rule of 72. Basically, if someone is giving you a percentage return, you can figure out how long it will take to double your money. You divide 72 by the percentage, but make sure to keep the units the same. So at 1% per day, they are promising a doubling of your money every 72 days, or 5x per year. So a quick extrapolation would mean that if you put $10 in on day one, 365 days later, you would be able to pull out $320 and 730 days later (2 years) you'd have earned a cool $10k. Three years in, if you invested $10, you'd have earned over $300k. Does that sound reasonable to you? "So what you're telling me is that if I give you $10 today, in 3 years, you'll give me over $300,000?"
"No, that's not what I said," the guy manning the booth told me. "I told you 1% per day."
So I did the math for him, which he scoffed at, but which seemed convincing enough to the people thinking of investing. Those two threatened to sue me and they went back to Canada, where they emailed the head of the Bitcoin-trader.biz group. They pressed him for an audit after my so-called trolling, and then a week and a half later, he disappeared with their money and a few million dollars more. In the aftermath, I had a call with the man behind the booth. He said something like, "I thought that the guy who was standing at our booth all weekend was trolling us, but when the fund closed, I realized he knew something we didn't."
Here's the thing, probative questions are uncomfortable. I have been around these parts pretty long, and I'm incredibly familiar with the technology for a guy who doesn't know a lick about comp-sci. You have seen my memes batted about, and you may have even used them yourself in spite of hating me. You may listen to Bitcoin Uncensored even though you hate the Bitcoin gossip. You might have even accidentally been subject to my ire in a debate you accidentally got into with me. The reality is, I create a huge amount of the content that Bitcoiners consume. Others like u/eragmus, u/btcdrak, and even u/americanpegasus are doing content and curation as well. You can hate our content, you can like our content, but the reality is that these communities are built by maybe 1% of us content creators. I enjoy the childish requests for no moderation, because behind the curtain, most of you will run like a child to any of the many moderators here and tell on people. The Open Bazaar team just did it to me, and I got warning from moderator u/Aussiehash whom I told to fuck off. What everyone really means when they say they don't like censorship, is that they don't like censorship of the content they want to consume. The instant they are offended, they want that content censored. Words like troll are used against people whose content you don't like, hijacking posts is the word used for the person creating the most content in a post. Recently, Andreas Antonopoulos (despite being on the front page lamenting the censorship) blocked me on Twitter because Tatianna Moroz told him I'm a sexist. Again, fine, but ironic considering the claim that one is against censorship carte blanche. Adam Levine censored me while trying to prove that he's completely against censorship.
Me, I don't care about censorship. Community's are built through some kind of pruning. The kind of community I like is one that self-polices and makes prunes itself much like Wikipedia. Those that don't want to be a part of it, don't have to be, and those that want to be a part of it choose themselves to participate. Censorers are always vilified. So I don't do it. I don't do it at all. So the great question is not whether you should censor, but who gets to decide who gets to censor. So here's my proposal. Everyone, stick around bitcoin. It's a great place, and u/theymos has done a pretty darn good job of not fucking shit up. Do I agree with his current moderation decisions? I wouldn't have done what he did. But I don't think this is a moral question. On the other end, I have bitcoinarchy. I have set it up, me and u/brighton36 will be the only moderators. And our only promise is that we won't moderate anything. And we have a history of being completely unrelenting in our unwillingness to censor. So now you can't say dick. You can hate me, you can love me, but if what you are ACTUALLY looking for is a uncensored forum, then join my subreddit. Somehow, I'm willing to bet that most of you are looking for a place that does the kind of censorship you like, and not no censorship.
Does that solve everybody's problem?
u/ThePiachu, u/rbitcoin-bot, u/colsatre, u/StarMaged, u/DotGaming, u/BashCo, u/frankenmint, u/gruez, u/arthurbouquet, u/DigitalGoose, u/MineForeman, u/Camdien
submitted by junseth to Bitcoin [link] [comments]

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

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

Warning: Bitcoin users looking to use Bitinstant

I am still waiting to hear back from Bitinstant customer service after now 5 attempts to reach them. I have receipts confirming the purchase roughly 30 hrs ago telling me that the funds had been sent to my Mt. Gox account but this is not actually taken place. They have now been contacted by email once, twice by "live support", a phone message and most recently a private message on Reddit. I have used this company before and never had an issue but it sure feels like I have been stolen from when you send a company money under the premise that speed and live support are available but in fact nothing is received and no support in fact responds in any manner. I will update this post if I hear anything at all from Bitinstant but until then, I would like to warn other Bitcoin users that they may want to look at another method for purchasing bitcoins if they actually wish to take delivery of the btc.
EDIT: Bitinstant has requested Order ID's. Glad to see some progress. Will update again if/when anything else is done.
EDIT: This afternoon my transaction finally was completed. Glad to finally have access to my funds after more than a week of being largely ignored. I may use them again but am worried about dealing with another unexplained 10 day transaction locking up my funds.
submitted by btcdaytrade 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]

I NEED HELP

Hello all,
I am trying to figure out this whole bitcoin thing, and I'm running into some issues...
Here's what I have done so far: -I downloaded tor, and have successfully been browsing anonymously. -Found something that I would like to purchase that requires bitcoins to be put in a wallet that is on the site. -Made a blockchain wallet -Made an anonymous email account through https://www.guerrillamail.com
This makes me feel so stupid, but what am I supposed to do next? I have watched a few videos where people use bitinstant.com and can use a bank account or do a moneygram transfer, but I can't seem to find a website similar to this, and if I did I would be afraid to make a large transfer because I don't want to just lose all of my money. I guess what would be really helpful would just be if someone broke it down for me in really simple terms and listed some steps to turning my cash into bitcoins, which I can use on this website... I would appreciate any help, I feel like I have been at this for hours to no avail, haha.
submitted by 4torlol to BitcoinBeginners [link] [comments]

100 grand floating around in an old Mt. Gox account, is there any way to recover it?

Hey Folks, so I have a bit of a problem. At some ambiguous point a year or two ago when BTC were at around $4 apiece I invested around 500 dollars and kept them in an mtgox account (dumb, yes, I know, I didn't feel like downloading the entire block chain for a wallet). I was browsing facebook yesterday and, lo and behold, I found out how hard they'd gone up, and my 100 or so bitcoins are now apparently worth a lot of money.
Now, the problem is that the account was set up with a tormail address, which is no longer operational, nor do I remember the password or username for the account, and the bitinstant receipt verifying my transaction was lost along with the email address.
So my question to you, /bitcoin: Am I completely boned here, or is there some way in which I can recover the account?
TL;DR was a big giant stupid idiot, may have fucked myself out of a lot of money through laziness
submitted by Throwaway896E to Bitcoin [link] [comments]

Trying to buy bitcoins over bitinstant - isn't working.

Today I tried to buy bitcoins for the first time. I set up an e-wallet and tried to use the cash deposit method on bitinstant, but no matter what I do I can't get it to generate a payment slip for me to print out. On the page where you select the payment location, I put in my email, put in my phone number, and select where I want to make the payment... it brings me down the the "create payment slip" button, which has now turned bright green. I press it, and all that happens is that the button turns light green again. I've tried refreshing, I've tried using different browsers, but the same thing keeps happening. I tried googling the problem, but wasn't able to find anyone reporting a similar issue. Does anyone know what's going on? I've been trying at this for over an hour and I'm getting really frustrated...
submitted by fruus to SilkRoad [link] [comments]

I just bought my first bitcoin today

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

The Bitinstant indictment proves that the DEA has been accessing the professional and personal emails of every Bitcoiner

There has been 0 reason to suspect BitInstant would be involved in such activity. The fact that they were able to indict him proves that the DEA has been accessing the emails and other communications of every important Bitcoiner.
No, they did not subpoena BTCKing - all of the emails included in the indictment are involving him.
submitted by veryshiny to Bitcoin [link] [comments]

Buying Bitcoins with BitInstant Buy Bitcoin in 5 Easy Steps Bitinstant Transfers without MtGox codes Using Bitinstant functions What Is BitCoin - No one can better explains

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 ... No Comments ; Tags: bitcoin, bitinstant, blockchain, mining, regulation; Apriamo questo report con la notizia che Charlie Shrem, il venticinquenne fondatore di BitInstant, il 19 dicembre scorso è stato condannato a due anni di reclusione e altri tre di libertà vigilata per reati collegabili al riciclaggio di denaro tramite Bitcoin. Questa notizia, molto brutta per Shrem e le persone che lo ... Charles Shrem, a 24-year-old who ran a New York-based Bitcoin exchange, was arrested Monday and charged with taking part in a money laundering scheme with a person who used Silk Road, the ... Once the live network airdrop begins you will be notified via email. The first 50,000 airdrops on the live network will be for 9000 coins. The standard coin amount for the live network airdrop is 3600 coins. No email address or personal information is needed to use our service. Feel free to access your account from home, VPN or TOR. Instant. Directly connect to the Bitcoin blockchain in your browser with Bitamp. Transactions are sent instantly at your command. Once broadcasted, the blockchain typically takes 10 minutes to confirm your transfer. With normal banks, transfers can take several days or ...

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Buying Bitcoins with BitInstant

John Vandivier shows how to utilize Bitinstant in conjunction with Mt Gox in order to purchase bitcoins in as little as 45 minutes using 5 easy steps! Donate... The Bitcoin Show - Episode 049 - Charlie Shrem, Co-Founder and CEO of BitInstant.com - Duration: 57:14. vlogwrap 11,862 views See in this video how to do quick MtGox to BTCe Bitinstant transfers using BTC-Trader. There is no need of typing any data, so you can do the process rather quickly just using your mouse. Please ... MtGox redeemable coupon codes no longer work! But Bitinstant developed a new method for transferring MtGox USD to other Bitcoin exchanges. Watch in this video how to transfer MtGox USD funds from ... A quick walk-through about buying bitcoins on BitInstant.com.

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