How to Create and Use an Anonymous Bitcoin Wallet ...

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]

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]

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]

Why would an average person actually choose to use Bitcoin?

(Cross post from https://bitcointalk.org/index.php?topic=131154.0) That is a question that I come across quite often. For example,
From: Cardiovorax
I understand all the ideological reasons for why someone might want to choose Bitcoin. Most of them are fairly crazy, but at least they're there. What I don't get are the practical benefits, why an average person would actually choose to use them. If you aren't worried about the government or the banks or planning to get rich quickly 2140, then what can Bitcoin actually do for you? That's the part that nobody has really managed to explain so far in any of the threads, at least as far as I can remember.
To be fair, we understand the currency, it's inner workings, and thus its potential quite well, but while we profess how great it is, with $'s and stars in our eyes, we likely forget that the people we are talking to don't know or understand everything that we do. So, I think we should come up with some examples that answer the question of "why would an average person care" (or re-paste them from older necro threads). Here are some of mine:
1) It lets you send money overseas cheaper than using a bank wire (FIAT > BTC > BTC > FIAT has way better fees and exchange rates than bank wire, Western Union, etc).
2) It lets anyone open a virtual bank account without needing access to a physical bank. For example, some banks charge fees and require minimum balances for accounts, which may be prohibitively expensive. Some areas around the world don't even have banks other than in far away big cities. And in some cases, it's easier to just create a new Bitcoin wallet to store money in, than it is to drive down to a bank, fill out forms, come up with profs of ID, wait days for them to be verified, and another week for your account to actually be ready to use (especially if you're looking for a small business account).
3) It lets you accept payments online easily and way cheaper than with VISA, PayPal, or other such services. Heck, you can even just get a bitcoin address from MtGox or any other exchange, set up your account to instantly exchange any received BTC for local currency, and you're done.
4) It lets you accept payments over e-mail or any other service that can transmit text (even photos, as seen on girlsgonebitcoin). Some sellers may not have the means to build a website, but can still send out an invoice, asking to send payments to a specific address. (i.e. someone living in a poor country who only has access to an internet cafe, or someone who just doesn't have web skills).
5) It lets you accept tips or donations using any website. You can upload videos to YouTube, photos to Flickr, posts to a blog, music to Soundcloud, art to Deviantart, or comic strips to GoComics, and to accept donations all you need is to include a string of text in the description. No need to set up any money-accepting plugins, set up any bank or financial accounts, or rely on features provided by the service being used.
6) It lets you send money to places where PalPal or other money transmitting services are blocked, for example Russia or India, and is much cheaper for sending money to family in other countries. Even if that country they can't send money to is US, as in the example of the parents in Iran sending $2,000 to their college student son living here.
7) It lets you send huge sums of money overseas quickly and cheaply. If you were in US and you needed to pay $1,000,000 for a shipment from China, using normal methods of wiring money would take two or more weeks, and will cost more than $25,000 for the transaction. With Bitcoin, it takes a few hours, and costs $12,000 or less.
8) It lets you send micropayments better than anything else out there. It's easy and practically free to send $0.01 to anyone else using BTC, but would cost about $0.25 for just the fee to use the USD/EUR system. Any micropayment system that uses USD/EUR would have to sit on top of a larger system that stores all the money in a single large account, and all micropayments would have to be done as accounting entries within that account, instead of money actually moving around (i.e. you have to fund the system with a large payment, do your micropayment transactions, and withdraw when your fund is big enough again). This means micropayments using USD/EUR are restricted to only within specific services (i.e. your pre-paid micropayments fund that you use to pay for news articles can only be used within that news website)
9) It lets you create programs and services with their own bank accounts (the software stores value, as opposed to value always being linked to a real world person and a real world outside-the-service bank account). The Reddit tipbot is an excellent example of this, and would be impossible with USD/EUR, since to build it using FIAT, someone would have to open a real world bank account under their name (with all the forms, proofs of ID, etc), set it up to accept money transfers from others using PayPal, VISA, or something else, which will charge fees, have nasty exchange rates, have to keep to strict AML regulations, and be restricted to certain specific countries. Plus it would have all the micropayment issues mentioned above. With Bitcoin, all the "banking" is done with software, requiring no permissions, and no single programmer's name has to be linked with any bank accounts.
10) It lets you instantly fund USD/EUR based accounts around the world. The small LLC I started up keeps a BTC cash account for minor business expenses, and my business partners around the world will have Bitcoin funded VISA debit cards (as soon as Bitinstant releases them). That way, all the money is stored safely in the business vault, and if they need to pay for any business expenses, no matter where they are on the planet, or what their home currency is, I can fund their cards from home within 10 minutes. That's impossible with ACH, wires, or whatever else is out there.
11) It lets you link a payment account to a contract using address signing. For example, Person A agrees to buy Person B's debt. They write up an agreement contract, and instead of signing it with PGP keys, they sign it with A's and B's bitcoin addresses. Then money is sent from Address A to Address B, and any repayments are sent from Address B to Address A. That way, Person B can't claim that they never received the money, and Person A can't claim that they are still owed more than they really are, since all transactions are publicly verifiable on the block chain using the very addresses that were used to sign the contract. There is no need for any legal disputes of who owes what, since the blockchain keeps both parties honest (I actually did this already).
If you can think of anything else, please add it to the list.
EDIT: 12) Usenet has recently gone through the Wikileaks experience, with copyright behemoths pressuring VISA, PayPal, et all, to stop processing payments for Usenet service providers. Many have switched to Bitcoin since then, and I personally know Usener user who followed, now buying his btc from me for that purpose.
submitted by Rassah to Bitcoin [link] [comments]

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

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

[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]

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]

Bitinstant order failed?

I recently (a few hours ago) made a purchase for some relatively small amount of BTC using dwolla to bitinstant. The bitinstant order failed with the error "Dwolla failed verification - unable to locate". However, the money I had in my Dwolla account is now gone (yes, I got an email verification from dwolla saying I sent money to BitInstant (EDP)) and there's no BTC in my wallet, there's also no activity on the bitcoin address.
I sent bitinstant an email immediately when the order failed and have yet to receive a reply. How long do I wait before I just give up, or is there anything I can do with dwolla to get my money back? Is this something that can be resolved soon?
submitted by zerosp4c3 to Bitcoin [link] [comments]

Trying to figure out if I lost my bitcoins, advice appreciated.

Yes, I know this isn't /bitcoins but I thought I would ask here first anyway since it's related to SR.
I've been buying bitcoins using the bitinstant/zipzap to MtGox lately with no real issues. I went through the procedure yesterday that I've done a few times before, and I think I screwed it up, but I'm confused as to how.
In a nutshell, I've been buying bitcoins on MtGox and withdrawing them to an instawallet bitcoin address, then sending them to my SR bitcoin address. I've read varying advice about whether another step between MtGox -> SR is really needed, but it seemed prudent and has worked fine so far.
For those who aren't familiar, Instawallet gives you a secret URL associated with a bitcoin address. You access your bitcoins by going to the URL that theoretically only you know. If you lose that URL, you lose the associated bitcoins.
I have a couple copies of a text file with the URL in it stored safely. It has the URL and the bitcoin address....I know, now that I think about it, pretty dumb to store them together. Anyway, when I was going to transfer from MtGox to the Instawallet address yesterday, I (lazily) copy-pasted the bitcoin address from my text file into the destination field on MtGox's site. I really wish I had gone to the URL and copied the address from there, but I'm almost sure this is the same technique I've used a few times in the past. The transaction seemed to complete, but when I went to the URL, I had zero bitcoins. That's when I realized that the bitcoin address I sent the coins to from MtGox wasn't the one associated with that URL. When I got to my saved URL on Instawallet, the bitcoin address is totally different.
I can see from my MtGox history that I've transferred bitcoins out to that address several times in the past few months, so I'm pretty confident that it's the same one I've been using. At first I thought I had gotten my bitcoin addresses mixed up and accidentally put the SR bitcoin address (maybe an old one) in, but that doesn't appear to be the case. The coins never showed up at Instawallet or SR, even though blockchain.info shows the transaction for that address has a transfer of 10 bitcoins into it yesterday. Blockchain.info shows nothing for the bitcoin address associated with the URL I thought I was using, so I know I've never used that particular address before.
In other words, I definitely sent them somewhere, but I'm confused about where that is. I thought maybe I had accidentally saved the wrong Instawallet URL (the site just gives you new one if you visit without specifying an existing address). On further thought, that's unlikely because the only way I would have gone to Instawallet is with the link I saved in the aforementioned text file, and I've done this process a few times in the past few months.
My fear is that I've lost the URL for the bitcoin address (and obviously my money) for Instawallet. I've sent an email to Instawallet support asking if the bitcoin address in question is one of theirs. I don't know if they can even tell me that, and I haven't gotten a reply. I've done an exhaustive search through my computer, email, browser history, etc. trying to see if there was another Instawallet URL somewhere that is linked to the bitcoin address I sent the coins to.
I'm not even sure who to ask about it. All MtGox will know is that they sent the coins to the address I provided. Instawallet probably can't/won't tell me anything about the transaction, which I now realize is one real glaring problem with using Instawallet. I wondered if the bitcoin address associated with the Instawallet URL could have 'cycled' as SR does routinely and the old bitcoin address would also still be associated with the URL, but I doubt that could be the case either.
Is there any danger to posting the bitcoin address or the blockchain info here for feedback?
I know the answer is probably going to be "Sorry, dude, you're out $300. Learn to bitcoin better", but I figured it would be worth a shot trying to get advice from someone on here who understands the process better than I do. I'll appreciate any advice.
submitted by 54catfoxgo 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]

What's up with BitInstant? (YES...I HAVE CONDUCTED PLENTY OF RESEARCH) I need some guidance...

I'm making my first order within the next two days and I'm still really confused on which route to take for Bitcoins. Believe me when I say that I have done a TON of research on the topic and still don't have a definitive answer. BitInstant seems to be the most highly recommended, but the "send to account address" function is now gone and I would have to go through MtGox. The ID verification on there is really concerning, considering that I'm putting around $700 into Bitcoins, most of which belongs to friends. I need some guidance on this issue. Note: I am not within reasonable distance of a Bank of America, so BST/Bitfloor etc are out of the question. Help!!
submitted by Ign0ranceIsBliss to SilkRoad [link] [comments]

So I decided to invest some money after posting the other day. I think I just made a mistake, need help with a question.

So I bought my bitcoins through bitinstant and transferred to mtgox. I think that was my first mistake. I should have transferred them directly to a bitcoin-wallet adress? Well that is what i am attempting to do right now. I made a wallet and pasted the address into mtgox to transfer my funds and clicked confirm. I got a message that I didn't have enough bitcoins to cover the withdraw fee. However, all my bitcoins are gone and on top of that my wallet is out of sync. What the hell just happened?
submitted by gentlepornstar to Bitcoin [link] [comments]

Bitinstant Stole $120.95 from me! Crooks!

I sent Bitinstant my funds on July,11th. It's been a whole week and the following has happened:1)They told me my bitcoins were sent to my email. They weren't. 2) I sent multiple emails about it and 99% of the time I got an automated message saying "be patient". 3) I have not heard from them for five days until today. 4) I was told via Facebook that they sent my funds to my wallet and posted a link with my wallet address and another one that was not mine saying they put 4BTC in my wallet. $120.95 is close to 1BTC not 4BTC. The link includes my wallet address (so now all of Facebook can see my address) with the correct sum of about $15. 6) The status that this link was on was about keeping information private. Now everyone can see my wallet address.
DO NOT USE BITINSTANT! My money is gone and they called me a liar. If I had 4BTC I would've told them they gave me too much. I can be honest, but they cannot be honest for the life of them. And i truly think they have no idea what they are doing.
submitted by intdintd to Bitcoin [link] [comments]

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