Difference between revisions of "MyBitcoin"

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'''MyBitcoin''' is one of the earliest [[eWallet]] providers for Bitcoin. See [[MyBitcoin SCI]] if you're looking for information on how to use MyBitcoin merchant service.
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'''MyBitcoin''' was one of the earliest [[eWallet]] providers for Bitcoin. It shut down near the end of July 2011.  It was available at the URL http://www.mybitcoin.com, as well as via Tor but it has since been replaced with a statement explaining its shutdown.
  
Bitcoins sent from a MyBitcoin account will not necessarily originate from the same [[Address|bitcoin addresses]] that were used to receive the Bitcoins. This property can be utilised to improve [[Anonymity|anonymity]].
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==Shutdown==
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[[File:MyBitCoin08042011.png|thumb|MyBitcoin shutdown notice]]
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The site became inaccessible starting July 29, 2011<ref>[http://bitcointalk.org/index.php?topic=32900.0 mybitcoin down or just me?]</ref>.
  
==Features==
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The site has become accessible starting August 4th, 2011 but only to state that their shopping cart interface has been compromised and so they are having to go in to receivership.  Soon afterwards, MyBitcoin issued a statement that it had been compromised and that 51% of its total bitcoin holdings had been stolen.  It began a process to return the remaining 49% of each customer's balance.
*Address forwarding - Anything earned in your mybitcoin account can be transfered automatically to a desired address.
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==External links==
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==Criticism==
*[https://www.mybitcoin.com/ MyBitcoin site]
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This service showed the name MyBitcoin LLC and a mailing address in Nevis. It is not known if this truly is an LLC and if so, where the organization was located. There has been no member of the Bitcoin community who has claimed any affiliation with MyBitcoin.
==Notice==
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'''Alert''': <font style="color:red;">As of 02-17-2011, deposits to the mybitcoin.com eWallet service are not being registered to users' accounts.</font><ref>[http://www.bitcoin.org/smf/index.php?topic=3592.msg50924#msg50924 MyBitcoin & Bitcoin2cc Problems]</ref> Do not use the eWallet feature until further notice.
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There has never been a way to verify the claim that all bitcoins from account balances are available. The [http://www.mybitcoin.com/legal/terms.php Terms of Service] do state:
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:: <tt>6. OBLIGATIONS OF MYBITCOIN LLC<br>6.1 MYBITCOIN LLC will ensure that for all Bitcoins in circulation in the MyBitcoin System there is at all times an identical quantity of unencumbered Bitcoins held in MYBITCOIN LLC's master Bitcoin wallet.</tt>
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==See Also==
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* [[eWallet]]
  
 
==References==
 
==References==
 
<references />
 
<references />
 
[[Category:Services]]
 
[[Category:eWallets]]
 

Latest revision as of 02:03, 10 June 2019

MyBitcoin was one of the earliest eWallet providers for Bitcoin. It shut down near the end of July 2011. It was available at the URL http://www.mybitcoin.com, as well as via Tor but it has since been replaced with a statement explaining its shutdown.

Shutdown

MyBitcoin shutdown notice

The site became inaccessible starting July 29, 2011[1].

The site has become accessible starting August 4th, 2011 but only to state that their shopping cart interface has been compromised and so they are having to go in to receivership. Soon afterwards, MyBitcoin issued a statement that it had been compromised and that 51% of its total bitcoin holdings had been stolen. It began a process to return the remaining 49% of each customer's balance.

Criticism

This service showed the name MyBitcoin LLC and a mailing address in Nevis. It is not known if this truly is an LLC and if so, where the organization was located. There has been no member of the Bitcoin community who has claimed any affiliation with MyBitcoin.

There has never been a way to verify the claim that all bitcoins from account balances are available. The Terms of Service do state:

6. OBLIGATIONS OF MYBITCOIN LLC
6.1 MYBITCOIN LLC will ensure that for all Bitcoins in circulation in the MyBitcoin System there is at all times an identical quantity of unencumbered Bitcoins held in MYBITCOIN LLC's master Bitcoin wallet.

See Also

References