Originally posted by KVB
Bitcoin Webinar Part 2: How to Buy & Use Bitcoin
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Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#36Comment -
KVBSBR Aristocracy
- 05-29-14
- 74866
#37Originally posted by Russian RocketAll of them have an acct # associated with a card, that doesn't mean you can use it just like a standard checking acct#. Most pre paid cards will allow for a-c-h transfers to come in so you can load the card (Your dir deposit for example), but won't allow you to process an a-c-h transfer out of your acct.Comment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#38There is also another BIG and I think the main reason why I think some of those sites don't accept pre paid cards.
When you initially get a pre paid card from the store...and load it with money, that card is nothing more than a temporary pre paid piece of plastic - It has no name, address, ph#...none of that stuff, associated with that particular acct. You can use that temp card in person, but not online.
You then have to go home register this card online and order a regular replacement card with your name on it.
So in order for merchant to prevent fraud, I think most companies just ban the use of the pre-paid cards altogether.
That's just my understanding of this issue.Comment -
FlipsideRMSBR Posting Legend
- 09-28-11
- 10518
#39Originally posted by Russian RocketThere is also another BIG and I think the main reason why I think some of those sites don't accept pre paid cards.
When you initially get pre paid card from the store...and load it with money, that card is nothing more than a temporary pre paid piece of plastic - It has no name, address, ph#...none of that stuff, associated with that particular acct. You can use that temp card in person, but not online.
You then have to go home register this card online and order a regular replacement card with your name on it.
So in order for merchant to prevent fraud, I think most companies just ban the use of the pre-paid cards altogether.
That's just my understanding of this issue.Comment -
ThaWojSBR Hall of Famer
- 03-09-10
- 6771
#40As an aside, for ppl just getting into btc books such as nitrogen, be very careful how many zeros you use on a bet after the decimal point if you are a small timer...I was messing around in the casino when I got bored and decided to play dice. The first bet I made was supposed to be .007 and instead I did .07....10x the amount I intended. Luckily I won lol.
I can def see that being a common mistakeComment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#41Originally posted by FlipsideRMnot true with my net spend card, I had to give all my info/social etc. I probably could have tried to lie and maybe still would have worked though I'm not sure
when you get a temp card from the store - no
at least that's how it was 8 months ago...maybe they've changed it for net spend, but I doubt it
most of these cards are hanging on the wall at the store...all you gotta do is grab one and load with a money pack and you're good to go
no one is gonna ask you anything
you definitely not gonna stay in line and give cashier your SSN, name and address in front of everybodyComment -
FlipsideRMSBR Posting Legend
- 09-28-11
- 10518
#42Originally posted by Russian Rocketwhen you order it online- yes
when you get a temp card from the store - no
at least that's how it was 8 months ago...maybe they've changed it for net spend, but I doubt it
most of these cards are hanging on the wall at the store...all you gotta do is grab one and load with a money pack and you're good to go
no one is gonna ask you anything
you definitely not gonna stay in line and give cashier your SSN, name and address in front of everybodyComment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#43Originally posted by FlipsideRMI got mine at a check cashing store in person over a year ago
majority of these cards are sold at a regular grocery stores
you can just walk in grab one, load money on it and walk out
and no one knows anything about youComment -
SBR ForumAdministrator
- 12-02-06
- 4558
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capone1899SBR MVP
- 06-16-11
- 1054
#45All these bitcoin info threads finally got me to sign up for it, to withdraw bitcoin, not buy(thanks SBR for the videos).
So I go to 5Dimes to withdraw and they said it could take 48 hours? Is this a freaking joke? It takes 30 seconds to send one of these, but I have to wait 48hours? Mooney.Gram gets sent the same day.
I like these threads but everyone is talking about buying them to deposit.Comment -
ThaWojSBR Hall of Famer
- 03-09-10
- 6771
#46If you use nitrogen it can be almost instant depending on when and how much u deposited (may require more confirmations).
3 times I withdrew from 5 dimes and each time it took almost exactly 24 hrs.Comment -
raiders72001Senior Member
- 08-10-05
- 11200
#47Originally posted by capone1899All these bitcoin info threads finally got me to sign up for it, to withdraw bitcoin, not buy(thanks SBR for the videos).
So I go to 5Dimes to withdraw and they said it could take 48 hours? Is this a freaking joke? It takes 30 seconds to send one of these, but I have to wait 48hours? Mooney.Gram gets sent the same day.
I like these threads but everyone is talking about buying them to deposit.
It seems the fiat books are getting faster but aren't there yet.Comment -
jjgoldSBR Aristocracy
- 07-20-05
- 388208
#48These books like 5Dimes, Heritage, Bookmaker, ect can really increase business when it is perfected meaning speedComment -
SharpyUSASBR High Roller
- 11-22-11
- 213
#49I don't understand why you just don't use you debit card to deposit via circle? It's instant, rather than waiting 2 weeks for a few hundred to go in?
Or, just forget that BS and deposit via p2p.Comment -
thevikingSBR Sharp
- 04-10-07
- 368
#50Originally posted by capone1899All these bitcoin info threads finally got me to sign up for it, to withdraw bitcoin, not buy(thanks SBR for the videos).
So I go to 5Dimes to withdraw and they said it could take 48 hours? Is this a freaking joke? It takes 30 seconds to send one of these, but I have to wait 48hours? Mooney.Gram gets sent the same day.
I like these threads but everyone is talking about buying them to deposit.Comment -
temple2010SBR MVP
- 03-16-10
- 1369
#51Did my first Bitcoin last weekend/- ran smoothly and really easy. Used circle then airbitz to sportsbook. The only downside was the $300 limit on my first deposit into circle. If these limits increase considerably this method for deposit would be truly the best.Comment -
jjgoldSBR Aristocracy
- 07-20-05
- 388208
#52Originally posted by temple2010Did my first Bitcoin last weekend/- ran smoothly and really easy. Used circle then airbitz to sportsbook. The only downside was the $300 limit on my first deposit into circle. If these limits increase considerably this method for deposit would be truly the best.
seems like best wayComment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#53Hey Raider or any other BTC advanced users...Have any of you tried BTC debit/prepaid cards yet?
I'm thinking about ordering one...there are a few interesting options out there with different fees...one even has a reward option attached to it.Comment -
Bitcoin JustinSBR Rookie
- 01-30-16
- 11
#54Originally posted by Russian RocketHey Raider or any other BTC advanced users...Have any of you tried BTC debit/prepaid cards yet?
I'm thinking about ordering one...there are a few interesting options out there with different fees...one even has a reward option attached to it.Comment -
JetsfanSBR Sharp
- 07-07-08
- 276
#55Originally posted by raiders72001If you want instant withdrawals you have to go to bitcoin books such as Nitrogen or Betcoinsports.
It seems the fiat books are getting faster but aren't there yet.Comment -
Karen N. AllenSBR Rookie
- 07-11-16
- 3
#56I really appreciate your video and such useful information in it. Cool!Comment -
ABEHONESTSBR Hall of Famer
- 06-27-09
- 9474
#57A duh from me.
Can I, or is it smart, to use a credit card to join and load the bitcoin store? Thanks, from duh.Comment -
OptionalAdministrator
- 06-10-10
- 62040
#58Originally posted by ABEHONEST
Can I, or is it smart, to use a credit card to join and load the bitcoin store? Thanks, from duh..Comment -
play4winSBR MVP
- 06-23-11
- 2208
#59they ask to take a selfie with your credit card to buy bitcoin!
are you fackin serious?
am i the only one with that request?Comment -
brainfreezeSBR Hall of Famer
- 05-13-14
- 5565
#60Originally posted by play4winthey ask to take a selfie with your credit card to buy bitcoin!
are you fackin serious?
am i the only one with that request?
and there's numerous reports of them being hacked...and it's already proven they can hack exchanges like nothing...and there's nothing anyone can do about it..it's unregulated, then you think the gov. can just ok, enough is enough, no one can own any crypto currencies we are shutting it down...and just like that, there will be nothing anyone can do...
etherum is having the same problems, being hacked and some want to " fork " and go a different road with the database..being regulated while that defeats the purpose of the intended reason for having it to begin with...
There will be a future in crypto but it won't be bitcoin...it will be something that the gov and bankers want to do business with...a " bitcoin 2.0 " so to speak .. I see bitcoin hitting zero in the next five years... Could happen tomorrow, could happen in 5 years ..only a few (that has tons of money already) will know the rest will be stuck out.. None of it's going " to da moon " ....
just my opinion ...Comment -
OptionalAdministrator
- 06-10-10
- 62040
#61Originally posted by play4winthey ask to take a selfie with your credit card to buy bitcoin!
are you fackin serious?
am i the only one with that request?.Comment -
Ghenghis KahnSBR Posting Legend
- 01-02-12
- 19736
#62Originally posted by brainfreezeCoinbase does that to everyone for verification... Was going to look more into bitcoin and ethers...but it's just not reliable .. This guy hacked coinbase twice lol https://www.reddit.com/r/Bitcoin/com...em_fix_major/?
and there's numerous reports of them being hacked...and it's already proven they can hack exchanges like nothing...and there's nothing anyone can do about it..it's unregulated, then you think the gov. can just ok, enough is enough, no one can own any crypto currencies we are shutting it down...and just like that, there will be nothing anyone can do...
etherum is having the same problems, being hacked and some want to " fork " and go a different road with the database..being regulated while that defeats the purpose of the intended reason for having it to begin with...
There will be a future in crypto but it won't be bitcoin...it will be something that the gov and bankers want to do business with...a " bitcoin 2.0 " so to speak .. I see bitcoin hitting zero in the next five years... Could happen tomorrow, could happen in 5 years ..only a few (that has tons of money already) will know the rest will be stuck out.. None of it's going " to da moon " ....
just my opinion ...
"This is Charlie Lee, Director of Engineering at Coinbase
I won't comment on the account ban for privacy or regulatory reasons. But I can say that the ban has nothing to do with this person's hackerone reporting. And unfortunately, we cannot be more lenient on him just because he has previously helped us. The 2 issues are independent. And plus, the team that works with banning has no access or knowledge of the hackerone cases. This separation protects our customers' privacy.
As for the hackerone reports, we've looked into it more. Here's the summary of the exploit:
- User has a vault with 2 BTC and a wallet with 0 BTC.
- User withdraws 2 BTC from his vault to his wallet.
- Withdrawal clears. (vault: 0 BTC, wallet: 2 BTC)
- User withdraws 2 BTC from wallet to an external address. (vault: 0 BTC, wallet: 0 BTC)
- Bug allowed user to cancel the previously cleared vault withdrawal. (vault: 2 BTC, wallet: -2 BTC)
- User can now withdraw 2 BTC from vault to a 2nd wallet. (vault: 0 BTC, wallet: -2 BTC, wallet-b: 2 BTC)
On the surface, it looks like an infinite btc withdrawal bug. In reality, we have protection in place to prevent us from losing money due to all bugs similar to this one. I actually coded this myself years ago when we started allowing multiple accounts per user. The protection is such that if user has ANY account that has a negative value, we will block ANY external sends. So from this point on with a negative wallet balance, he's not able to send any money off site from any other of his accounts. Hence he thought he had a "secret ban" put on his account. In reality, he triggered a protection we put in place to prevent us from losing money.
The other thing to note is that, at no point, was the user able to withdraw externally more coins than he actually owned. The sum of all his account balances is never negative for this exploit. He was able to withdraw his own coins. It's true that he now still had a positive balance in an account, but there was no way he could have withdrawn those coins externally. He had to first deposit coins to set his negative wallet balance positive first.
To be honest, awarding this exploit $5000 was more than fair, if you ask me.
P.S. Apparently, the best time to throw mud at Coinbase is on a Sunday when everyone is not working. :P"
for future reference, you might actually want to read the link you post instead of reading the headlines only. so some broke dick kid thought he found something and wanted to be rewarded tons of money. he's lucky to even get $5000 from coinbase.
c'mon man. bitcoin is the future. stop trying to mislead people into another of your skepticism.
bitcoin hitting zero in the next five years...Comment -
brainfreezeSBR Hall of Famer
- 05-13-14
- 5565
#63Originally posted by Ghenghis Kahnthis is from the reddit link you posted. he didn't hack shit...
"This is Charlie Lee, Director of Engineering at Coinbase
I won't comment on the account ban for privacy or regulatory reasons. But I can say that the ban has nothing to do with this person's hackerone reporting. And unfortunately, we cannot be more lenient on him just because he has previously helped us. The 2 issues are independent. And plus, the team that works with banning has no access or knowledge of the hackerone cases. This separation protects our customers' privacy.
As for the hackerone reports, we've looked into it more. Here's the summary of the exploit:
- User has a vault with 2 BTC and a wallet with 0 BTC.
- User withdraws 2 BTC from his vault to his wallet.
- Withdrawal clears. (vault: 0 BTC, wallet: 2 BTC)
- User withdraws 2 BTC from wallet to an external address. (vault: 0 BTC, wallet: 0 BTC)
- Bug allowed user to cancel the previously cleared vault withdrawal. (vault: 2 BTC, wallet: -2 BTC)
- User can now withdraw 2 BTC from vault to a 2nd wallet. (vault: 0 BTC, wallet: -2 BTC, wallet-b: 2 BTC)
On the surface, it looks like an infinite btc withdrawal bug. In reality, we have protection in place to prevent us from losing money due to all bugs similar to this one. I actually coded this myself years ago when we started allowing multiple accounts per user. The protection is such that if user has ANY account that has a negative value, we will block ANY external sends. So from this point on with a negative wallet balance, he's not able to send any money off site from any other of his accounts. Hence he thought he had a "secret ban" put on his account. In reality, he triggered a protection we put in place to prevent us from losing money.
The other thing to note is that, at no point, was the user able to withdraw externally more coins than he actually owned. The sum of all his account balances is never negative for this exploit. He was able to withdraw his own coins. It's true that he now still had a positive balance in an account, but there was no way he could have withdrawn those coins externally. He had to first deposit coins to set his negative wallet balance positive first.
To be honest, awarding this exploit $5000 was more than fair, if you ask me.
P.S. Apparently, the best time to throw mud at Coinbase is on a Sunday when everyone is not working. :P"
for future reference, you might actually want to read the link you post instead of reading the headlines only. so some broke dick kid thought he found something and wanted to be rewarded tons of money. he's lucky to even get $5000 from coinbase.
c'mon man. bitcoin is the future. stop trying to mislead people into another of your skepticism.
bitcoin hitting zero in the next five years...Comment -
brainfreezeSBR Hall of Famer
- 05-13-14
- 5565
#64Originally posted by brainfreezeHe got the 5k from coinbase because he found a way to " exploit " the account .... And he did it more than once btw, even after telling them the first time...and this is just my opinion, I'm not leading anyone anywhere here, I'm just saying btc isn't where to go... As for " bitcoin " being the future ....maybe something like it for sure, but I don't believe it will be bitcoin... As for your last statement, that you laughed at...there's bookies taking bets that it won't make it pass 2020 and they're laying 4 to 1 ... Just saying, it's not as funny as you think.Comment -
Ghenghis KahnSBR Posting Legend
- 01-02-12
- 19736
#65Originally posted by brainfreezeHe got the 5k from coinbase because he found a way to " exploit " the account .... And he did it more than once btw, even after telling them the first time...and this is just my opinion, I'm not leading anyone anywhere here, I'm just saying btc isn't where to go... As for " bitcoin " being the future ....maybe something like it for sure, but I don't believe it will be bitcoin... As for your last statement, that you laughed at...there's bookies taking bets that it won't make it pass 2020 and they're laying 4 to 1 ... Just saying, it's not as funny as you think.
what you are doing is fearmongering. he didn't hack twice, why don't you go reread the link you posted? even if there were internal errors, the guy couldn't withdraw the bitcoin externally. how is that a hack?
also get your facts straight, it wasn't etherium that got hacked, it was dao that got hacked.
bitcoin will be fine. just because a book is taking bets doesn't mean shit.
let me give you some pointers, if you want to look at something in trouble, look at the fiat currencies, especially the us dollar. paper money will eventually become worthless way before bitcoin ever will.Comment -
brainfreezeSBR Hall of Famer
- 05-13-14
- 5565
#66Originally posted by Ghenghis Kahnlisten, i don't know what you are going through right now but only thing you should be skeptical about is jesus. maybe your walk with him is not so good at the moment?
what you are doing is fearmongering. he didn't hack twice, why don't you go reread the link you posted? even if there were internal errors, the guy couldn't withdraw the bitcoin externally. how is that a hack?
also get your facts straight, it wasn't etherium that got hacked, it was dao that got hacked.
bitcoin will be fine. just because a book is taking bets doesn't mean shit.
let me give you some pointers, if you want to look at something in trouble, look at the fiat currencies, especially the us dollar. paper money will eventually become worthless way before bitcoin ever will.
and yes, etherium was hacked with their artificial intelligent " doa " ... This last month, do you think this is good for bitcoin or any crypto? ... and do you think I'm going to take coinbases word for anything after this kid just received a bounty on a small exploit? ... Again if BIG exchanges can be hacked ...what makes you think one like coinbase can't? ...
but sense this makes sense I won't be expecting a thanks, " you could be right " .. I'll just wait for more Jesus insult talk...Comment -
Ghenghis KahnSBR Posting Legend
- 01-02-12
- 19736
#67brainfreeze simple question, do you use bitcoin?Comment -
raiders72001Senior Member
- 08-10-05
- 11200
#68Originally posted by brainfreezeetherum is having the same problems, being hacked and some want to " fork " and go a different road with the database..being regulated while that defeats the purpose of the intended reason for having it to begin with...
.Comment -
brainfreezeSBR Hall of Famer
- 05-13-14
- 5565
#69Originally posted by brainfreeze... Was going to look more into bitcoin and ethers...but it's just not reliable ...
then to think the irs sees it as property, and will tax it as " capital gains " of an eventual sale if a profit occurs...in a extremely volatile market, hope you well with that... http://www.coindesk.com/irs-bitcoin-...idelines-mean/
or could just shut it down... All they have to do is come out and say, it's now illegal and unlawful to own..Comment -
brainfreezeSBR Hall of Famer
- 05-13-14
- 5565
#70Originally posted by raiders72001The DAO was hacked a few months ago. In order to recover the ethereum there was a fork. Some didn't agree with the fork and there is now ethereum and ethereum classic.Comment
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