Bitcoin Market

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Dollars no longer accepted at Amagi Metals from 2016

Amagi Metals has announced that it will no longer accept USD starting from 2016.

Since the dollar was decoupled from gold in 1971, it has lost 97% of its value compared to the yellow metal and 83% of its domestic purchasing power, and the trend shows no signs of stopping. Both investors and foreign governments have begun to lose confidence in the dollar’s future…and so has Amagi Metals. Thus, Amagi has planned that by the end of 2016, the company will no longer accept US dollars or other “fiat” currencies. Instead, Amagi plans to be trading exclusively in cryptocurrencies like Bitcoin.


Filed under amagi metal gold bitcoin dollar fiat accepted promotion

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We are experiencing issues with our database server. Please stand by for the fix and further updates. Thanks for understanding.

Update: the issue has been fixed, trading is back to normal. A further downtime of ~10 minutes to be expected after 2am for database synchronisation.

Filed under bitbargain downtime

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Similarsites aka Niki-Bot: spyware alert

This is a public service announcement regarding spyware that we have deducted to be running on many of our users’ computers.

Short version: a significant amount of users (not specific to BitBargain) have software running that is posting the URL of every page visited to a third party. We are confident that the users are not aware of this fact.

How do we know this? We have received an alert today as a crawler using the user agent Niki-Bot and the IP address was found to be crawling our site, accessing URLs that only users could have had access to, while being logged in.

For more information, read on…

Read more …

Filed under spyware alert niki-bot similarsites virus adware crapware malware security hack attack crawler scraper crdui awesome screenshot webovernet privacy warning

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Bank account selection

Sellers can choose which bank account to use when a new trade request comes in (with bank transfer as payment method). It has been like that for long.

From now on, the name of the bank will also be shown (rather than the recipient name which should be the same) to allow for easier selection.

Also, the bank account previously used between a buyer & seller is marked with ***.

Filed under BitBargain feature dev bank account selection name previous bank account

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IRC provides a continuous flow of entertainment

<dsnrk> the trezor idea is nice and all, but physical security is impossible.
<dsnrk> you can’t know if the device you are using has been tampered with.
<torchic______> unles u keep it in u
<dsnrk> …
<Ademan> buttcoins
<dsnrk> if suppository hardware wallets ever exist, that’s it, I’m out.

Filed under buttcoin trezor wallet security suppository anal bitcoin

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Bitrating update

Bitrating is a number that is 50 by default and 100 maximum. It is used by sellers mainly, to filter buyers based on trading history and verifications.

Most sellers have a high Bitrating (very close to 100) because of the amount of trading they do and being completely verified. When you look at the list of sellers, there isn’t a lot of difference to be seen in terms of their Bitrating score.

Some sellers will occasionally forget to log offline when they leave their computers and this is reflected in their Bitrating score (as missed sales). During the trade, if they don’t respond in time the buyer may send them a poke which is reflected on the seller’s profile. Not all buyers check the seller’s profile though.

From now on, a standard negative score will be applied to the Bitrating of sellers who do not send any messages in the first 10 minutes or go away from the keyboard for an unreasonable time during trade, allow rules to be broken etc.

This will give an incentive to sellers to take more care during trades and a way for buyers to be able to rank the sellers more easily. Buyers who do not wish to risk waiting for longer than necessary will prefer to pick a seller who has a higher bitrating, even if he is selling the coins at a slightly higher price.

Some examples of the scoring used (subject to change in the future without notice):

No update for first 10 min in WAIT_CONFIRM: -5 for a week
Not entering the sender name as soon as payment is received: -5 for a week
No response to a buyer’s question: -5 for a week
Ignoring a multi-acct sender name warning for a non-common name: -10 for a week
Delivering to wrong name (light): -5 for a month
Delivering to wrong name (strong): -10 for a month
Delivering to an unverified business: -10 for a month
Wrong information communicated to buyer: -5 for a week

These are guidelines only and depending on the severity and consequence of these actions the penalty may be increased or skipped.

Filed under BitBargain bitrating score penalty ranking communication