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Originally Posted by facialfreak
OK .... I am trying to wrap my brain around this concept, and for the most part I am getting it ...
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Great.
Quote:
Originally Posted by facialfreak
My question to you MyBitcoin, is what would be stopping you from going bump in the night - with all of our balances kept with your service??
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We don't want you to trust us. That's why we have a Bitcoin forward feature.
As each sale is processed by MyBitcoin, we bounce the coins to your wallet instantly. The wallet is stored locally on your computer. You literally hold the crypto keys to your own money. (Be sure to back that file up. It's called "wallet.dat".)
Quote:
Originally Posted by facialfreak
BTW, I did already sign up for an account, however I have not started using it yet, as I am still in the research stage of doing my due diligence.
Cheers!
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Great. Our service is 100% free. I know this seems 'odd'. We make our money in other areas of the Bitcoin economy currently.
We do plan on adding some fancy (optional) services that we will charge for in the future. Such as integration support, subscription management software, etc.