Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin won't make it
by
dinzy
on 04/07/2011, 15:10:13 UTC
Quote
The only one I can think of is by having trusted parties managing the money, thus when a trusted party confirms the money has been sent, you can be sure you'll receive a payment.

MY-BIT-COIN-DOT-COM

Um, he said 'trusted'.
Why don't you trust MyBitcoin? I have used them for a while and they've been fine, most of my BTC is also held by them. They also offer a great payment gateway for merchants.

Because they never returned a 10 btc over payment. It either went to the merchant, or it went to mybitcoin.com... both are claiming it went to the other. I'm inclined to believe the merchant.

In addition, it took more than 3 weeks to even get back a response from mybitcoin.com to tell me they weren't going to help.

I lost 0.5 BTC when Mybitcoin went down.  It was sent from the pool automatically, but did not show up in my account.  I have contacted them and am awaiting a response.  However it does tend to diminish any trust.