Silk Road forums
Discussion => Security => Topic started by: pinky2011 on May 18, 2013, 01:31 am
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Hey all. So i was reading some news on google and saw that DHS froze all/some strategic accounts on MtGox. Not 100% sure what the deal is yet or the implications and how far they reach. I want to make a deposit and I usually use Bitinstant to email option. I'm a little wigged out with this freeze because idk if that will affect zipzap's ability to pay me my coin.
Have ya'll been doing successful btc-email deposits over the past 24 hours with bitinstant?
Please put my mind at ease!!!
Thanks much and peace,
Pinks
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This has nothing to do with Bitinstant .... the account(s) were seized because they weren't registered with Fincen as a MSB and didn't notify Wells Fargo about their MSB activity either.
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I did a $440 transaction with Bitinstant yesterday and it went through just fine.
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Well so long as peeps have been getting their bitinstant deposits I'm cool. I was thinking perhaps zipzap acquired their coin through MtGox and perhaps they were affected by the seizures. That was my #1 worry. Just because MtGox handles so much traffic and I don't really know where ipzap gets the coin when they send to the customer.
Thanks for the info, though.
Cheers
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Well so long as peeps have been getting their bitinstant deposits I'm cool. I was thinking perhaps zipzap acquired their coin through MtGox and perhaps they were affected by the seizures. That was my #1 worry. Just because MtGox handles so much traffic and I don't really know where ipzap gets the coin when they send to the customer.
Thanks for the info, though.
Cheers
ZipZap is just the payment processor. They don't have anything to do with the BTC. BitInstant processes the coins and mostly it is from MtGox but they also have reserves at the other exchanges like btc-e and bitstamp.
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I don't know why people continue to use Mt. Gox, which has already frozen a bunch of accounts of SR buyers and sellers because they had the nerve to access the exchange using Tor. I recommend using cash and carry to meet people locally to exchange for BTC. But if you must, use Bitinstant or someone else to convert dollars to BTC- and then deposit the BTC directly into a secure Blockchain wallet, or a wallet on your own (secure) computer. If they're sitting right there on your computer then there's no way for anyone to freeze your funds, even if Bitcoin is completely banned.
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I don't know why people continue to use Mt. Gox, which has already frozen a bunch of accounts of SR buyers and sellers because they had the nerve to access the exchange using Tor. I recommend using cash and carry to meet people locally to exchange for BTC. But if you must, use Bitinstant or someone else to convert dollars to BTC- and then deposit the BTC directly into a secure Blockchain wallet, or a wallet on your own (secure) computer. If they're sitting right there on your computer then there's no way for anyone to freeze your funds, even if Bitcoin is completely banned.
1+, even though I wouldn't even recommend using any "only" solutions, I'd rather stick to "offline" solutions.
They seem to be more secure compared to other methods.