Silk Road forums

Discussion => Security => Topic started by: sumyun1 on October 30, 2012, 05:13 am

Title: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: sumyun1 on October 30, 2012, 05:13 am
So as many of us know, the bitinstant site is not allowing the cash deposit through moneygram into an online wallet such as blockchain. I cannot seem to find a solid explanation or alternative solution, so I was wondering are there any experienced SR users out there that would be willing to throw a little advice my way on an alternative solution to safely acquiring bitcoins with cash or any other manner deemed relatively safe? Or do you know if the bitinstant site has any intentions on being fixed. Either way any info is greatly appreciated. Thanks!
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: mjones55 on October 30, 2012, 06:51 am
http://blog.bitinstant.com/blog/2012/10/29/recent-service-disruption-and-new-features.html

By the middle of November bitinstant should be back and better than ever.
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: Euphoric on October 30, 2012, 07:34 am
Looks like you can still buy BTC with Bitinstant by using their MoneyGram payment sysstem at CVS, 711, and Wal-mart locations.
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: deivoxcarnal on October 31, 2012, 02:28 am
I think the issue is that you can no longer deposit to a BTC address.
This makes it harder to remain anonymous.
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: stripetheory710 on October 31, 2012, 03:03 am
http://blog.bitinstant.com/blog/2012/10/29/recent-service-disruption-and-new-features.html

By the middle of November bitinstant should be back and better than ever.

That is definitely good news!
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: deivoxcarnal on October 31, 2012, 03:28 am
 :'( middle of November sounds like forever!
I'm looking into other methods, I don't want to have to rely on trustcash, bitinstant, coinapult etc. for my only method of obtaining BTC.
Right now I'm leaning towards a OTC method, but I haven't decided which site to use.
I'm leaning towards localbitcoins.com
You meet locally, pay cash and there is a SMS based escrow system.
Probably not the most anonymous method, but I'm confident that bouncing from a couple of instawallets and SR's tumblers are enough to keep me safe.
I don't think I do enough business to be worth anyone's time.
I hope.
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: seshat on October 31, 2012, 03:36 am
Ever since this happened I just use Mt. gox, which is still a useable option on bitinstants website, then send the coins to my blockchain wallet from there...
This seems to work jusst fine, but if there is anything wrong with this security wise I'd appreciate it if somebody let me knew = p
Cheers
-Seshat
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: seshat on October 31, 2012, 03:41 am
Also, I use the "CVS" option btw... So im basically doing a moneygram at CVS.

-Seshat
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: deivoxcarnal on October 31, 2012, 03:56 am
does MtGox charge you to take funds out of your account?
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: microRNA on October 31, 2012, 04:25 am
not to withdraw

bitinstant deposits money into you mt gox acct, then you use the funds to purchase coins

they charge a very small fee to purchase coins

dont sign into mt gox through tor or you will have to verify your identity
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: EyeLikeThizz on October 31, 2012, 05:05 am
dont sign into mt gox through tor or you will have to verify your identity
Are you guys using other privacy measures or do you simply use normal firefox on your own home computer?
I'd imagine using wi-fi at Starbucks or McDonalds might be better, but I'm just trying to see what others are doing.
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: sumyun1 on October 31, 2012, 05:09 am
So just to get this straight.... you use bitinstant, and choose cash deposit (lets say moneygram) into mt.gox. Then create the payment slip and go to the moneygram location to make the cash deposit and then the money goes into your mt. gox account from which you can then transfer from mt. gox into SR. Is that correct?
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: EyeLikeThizz on October 31, 2012, 05:29 am
So just to get this straight.... you use bitinstant, and choose cash deposit (lets say moneygram) into mt.gox. Then create the payment slip and go to the moneygram location to make the cash deposit and then the money goes into your mt. gox account from which you can then transfer from mt. gox into SR. Is that correct?
It looks like MtGox is being discussed in a separate thread:  http://dkn255hz262ypmii.onion/index.php?topic=62789.0
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: Zuice on October 31, 2012, 08:48 am
For everyone doing the moneygram option at CVS or 7-11, how do you feel about the required phone number? I liked the Trushcash method for buying Bitcoins because at no point in the the process was any identifying information ever collected from me.
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: greatwhitenorth625 on October 31, 2012, 02:11 pm
i have done both CVS and walmart money orders and the form u fill out with your name and phone number u obviously use a made up one for anonymity. they never check IDs or actually call that number so its more just a requirment that you fill ANYTHING in those blanks.     
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: club on October 31, 2012, 04:42 pm
For everyone doing the moneygram option at CVS or 7-11, how do you feel about the required phone number? I liked the Trushcash method for buying Bitcoins because at no point in the the process was any identifying information ever collected from me.
I dont give 2 shits about the phone # part. I use a throwaway google voice # for that. Incidentally, I never get the notification on my phone that they promise, but I dont care about that. There's also apps for iOS and Android like Text+ that will give you a throwaway phone # capable of receiving texts.
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: THAT GIRL on November 01, 2012, 12:44 am
Im not 100% but from my experiences:

Not only can you use a fake # but you should be using a fake #.

They just use your # to look you up in the system.  If you use the same # they will have your details (name, address, etc) already on file.  Therefore you should use a different fake # every time.
Title: Re: Does any experienced SR member have a solid answer to the Bitinstant issue
Post by: THAT GIRL on November 01, 2012, 12:46 am
Oh, and I cant wait to see what the new methods of deposit are that BitInstant is going to come out with whenever its all back online.