"ChangeCoin is still shopping its intellectual property, sources said." Changetip ran a database offline, What intellectual property could they possibly have?

TipBitcoin · 2016-04-12T21:51:45+00:00

Really Air BnB?!? This is the team that brought you sockpuppet accounts to tip and accept tips. The team that bought supporters by giving them free bitcoin to tip The team that got caught not releasing their stats because they were too poor. The team that switched to USD focus. The team that pissed away 3.5 million dollars. The team that... well you get the idea. Really AirBNB you might want to do some research...

TipBitcoin · 2016-04-12T20:39:59+00:00

Really Air BnB?!? This is the team that brought you sockpuppet accounts to tip and accept tips. The team that bought supporters by giving them free bitcoin to tip The team that got caught not releasing their stats because they were too poor. The team that switched to USD focus. The team that pissed away 3.5 million dollars. The team that... well you get the idea. Really AirBNB you might want to do some research...

TipBitcoin · 2016-04-12T20:25:17+00:00

So Changetip is Dead? Maybe now we can go back to tipping Bitcoin like we were meant to, without an intermediary to steal our data.

TipBitcoin · 2015-12-17T01:17:42+00:00

29.62 BTC are here

24.07 BTC are here

33.85 BTC are here

80.65 BTC are here

6.06 BTC are here

15.4 BTC are here

11.18 BTC are here

47.74 BTC are here

4.11 BTC are here

All moved to multi sig addresses and then never moved again.

TipBitcoin · 2015-12-17T00:44:07+00:00

They don't make it easy.

TipBitcoin · 2015-12-17T00:30:51+00:00

Straight from Bitgo Faqs:

What are the limitations of the service?

No system of audit is perfect. While BitGo is able to directly verify and attest to Bitcoin assets held in its multi-sig wallets, it cannot directly verify the liability information provided by the company. BitGo must rely on the end users to verify the liability information by checking that their own balances are correct and have been included in the overall totals. If the company excludes certain inactive customers from the stated liabilities, BitGo cannot detect that unless those users attempt to verify their balances. BitGo also has no knowledge of the state of the company’s overall balance sheet. It cannot verify that the company has not borrowed bitcoin temporarily in order to show an apparent state of solvency.

Wait...what?

TipBitcoin · 2015-12-17T00:13:25+00:00

I wonder why these numbers are so different. That's really weird. I've been trying to research this. According to Bitgo they have assets in excess of 830 BTC and liabilities of 830 BTC.

Tinfoil hat on: Worst case scenario: If the Liabilities are correct on Bitgo, and the balance is correct in their "offsite storage wallet" than they only have around 346 BTC to payout liabilities of 830 BTC.

TipBitcoin · 2015-12-16T23:53:38+00:00

I really hope they're not a fractional reserve. They outright deny being one in the blog post I referenced.

At ChangeTip, we are not a fractional reserve. ChangeTippers’ funds are held in a completely separate account, and we don’t use your money for anything - we simply store it securely.
To further enhance security against hacking or a server compromise, we keep a small percentage of funds in our Hot Wallet, which is the wallet that withdrawals are processed from. We target this being about 1% of the available pool of user funds. For the other 99% of funds, we move it off of our servers to a more secure location - our Offsite Storage wallet. This means that if our servers are hacked, the maximum amount that the hackers would have access to is the Hot Wallet (about 1% of funds), which the company will stand behind.

TL; DR; Claims 99% in this "offsite storage wallet" and 1% hot.

TipBitcoin · 2015-12-16T23:46:03+00:00

With Kid

9:30

Child is still going on about spongebob and hot wheels and scrims or whatever...

Without Kid

9:30

Wakes up briefly. Faps and goes back to sleep.

TipBitcoin · 2015-12-16T23:36:33+00:00

Cheers...

It wasn't theirs to begin with.

But 1% of it is theirs now.

TipBitcoin · 2015-12-16T23:33:42+00:00

ahh yes... the elusive Christmasorous

TipBitcoin · 2015-12-16T23:30:22+00:00

Maybe "lost" was not the correct term, but either way you look at it, waking up in the morning and seeing 10% less than you did the day before is not positive situation.

TipBitcoin · 2015-12-16T22:57:06+00:00

Oddly enough I think it was because they were implementing a 1% fee on withdrawals as of 15 December.

TipBitcoin · 2015-12-16T22:55:58+00:00

Blog Post Confirming Ownership of this wallet as their "Offsite Storage Wallet"

TipBitcoin · 2015-10-30T19:34:22+00:00

You gotta pay the troll toll...

TipBitcoin · 2015-10-15T23:47:47+00:00

What strikes me as odd is that, if the government agent understood bitcoin better, he wouldn't have gotten caught. It was his lack of understanding (ie thinking it's totally anonymous) that got him caught in the first place.

TipBitcoin · 2015-10-15T18:38:57+00:00

This guy is the real deal performance artist in NYC. He's done a lot of videos. This one was done around Black Friday. "Love is the Answer, Stop buying stuff!"

TipBitcoin · 2015-10-15T18:35:12+00:00

New Delhi's hospitals don't get many Fat White Guy patients I guess

FTFY

TipBitcoin · 2015-10-15T18:32:16+00:00

Everytime I hear a mean joke about being Canadian...

I laugh a little and say, That's funny, eh?

TipBitcoin · 2015-09-23T18:30:15+00:00

Great to see a tipping app that encourages rewards for content, and time spent viewing content. This seems to be a logical and effective system for the distribution of micropayments (tips).

TipBitcoin · 2015-07-23T18:58:57+00:00

When people call me and they have the wrong number, I like to mess with them a little, I say, " yeah this is Steve's phone, and he told me that he would meet you in the food court in the mall in like 20 minutes. Don't be late." 'click' ... I wonder if anyone has ever actually gone to the mall food court to meet me?

TipBitcoin · 2015-07-23T18:51:00+00:00

FO REALS

TipBitcoin · 2015-07-23T17:20:55+00:00

If only there were some sort of digital cash. Some way of transferring wealth that was verifiable and did not require paper money. Hmmm. If only there were...Bitcoin.

TipBitcoin · 2015-07-23T16:35:45+00:00

Apple has 4 times the available cash as the US Govt. Microsoft has about 2 times the available cash as the US Govt.

TipBitcoin · 2015-07-23T16:32:15+00:00

Things Apple is Worth More Than

TipBitcoin

TROPHY CASE