Tihan,
How does this effect the efforts by Mt Gox, AurumXChange, et al. to recover the funds from Zhou (or his mysterious friend as the case may be?)
Are you in communication with or actively working with those parties on the funds recovery?
Topic: [ANN] Bitcoinica Consultancy abandons customers. Bitcoinica to enter Liquidation - page 19. (Read 54938 times)
August 01, 2012, 04:07:58 PM
August 01, 2012, 03:47:38 PM
is their a estimate of the % of coins left over after all the hacking?
what have they done with the funds they still have, what do they plan to do with them?
at first it seemed like they were trying to find out who should get what, are they still trying to do that?
are these the questions they refuse to answer?
what have they done with the funds they still have, what do they plan to do with them?
at first it seemed like they were trying to find out who should get what, are they still trying to do that?
are these the questions they refuse to answer?
Read OP post. Bitcoinica GP is doing shit for the past weeks now. They just packed their stuff and left. No word, no more refunds, nothing. One is organizing a conference in London for rich BTC holders that like to be close to banksters, and the others have "important" business trips to make to Las Vegas to play computer games with other geeks. Meanwhile in a secret room, even the work for their exchange has come to a halt.
August 01, 2012, 03:33:46 PM
is their a estimate of the % of coins left over after all the hacking?
what have they done with the funds they still have, what do they plan to do with them?
at first it seemed like they were trying to find out who should get what, are they still trying to do that?
are these the questions they refuse to answer?
what have they done with the funds they still have, what do they plan to do with them?
at first it seemed like they were trying to find out who should get what, are they still trying to do that?
are these the questions they refuse to answer?
August 01, 2012, 03:33:14 PM
Tihan Seales the deal, as always.
Oh god, what a terrible pun.
August 01, 2012, 03:32:28 PM
Tihan Seales the deal, as always.
Oh god, what a terrible pun. August 01, 2012, 03:26:17 PM
Tihan Seales the deal, as always.
August 01, 2012, 03:22:37 PM
@Tihan
Where I am from delayed filing of insolvency is a criminal act. Will you as creditor conduct a report to law enforcement for us?
Where I am from delayed filing of insolvency is a criminal act. Will you as creditor conduct a report to law enforcement for us?
There will be legal action against Consultancy members for applicable acts of civil and criminal wrongdoing.
I doubt that. People don't even want legal action against the thief that started all this.
August 01, 2012, 03:21:11 PM
@Tihan
Where I am from delayed filing of insolvency is a criminal act. Will you as creditor conduct a report to law enforcement for us?
Where I am from delayed filing of insolvency is a criminal act. Will you as creditor conduct a report to law enforcement for us?
There will be legal action against Consultancy members for applicable acts of civil and criminal wrongdoing.
August 01, 2012, 03:17:29 PM
Wendon Group intends to donate any funds it obtains via receivership in favor of Bitcoinica customers.
Thank you for acting with integrity.
Please make sure the reimbursement database managed by the Bitcoin Consultancy guys is secured so the liquidator has records of verified customers and previous payouts. We really don't need another wipe at this point.
August 01, 2012, 03:14:42 PM
The short version is that:
Amir, Patrick and Donald of Intersango have all made this problem MUCH MUCH WORSE by refusing to act or even reply to emails.
Because of those three, everyone who had money in Bitcoinca will receive back less money than they would have, had they been cooperative.
They should be ashamed.
Amir, Patrick and Donald of Intersango have all made this problem MUCH MUCH WORSE by refusing to act or even reply to emails.
Because of those three, everyone who had money in Bitcoinca will receive back less money than they would have, had they been cooperative.
They should be ashamed.
I don't understand why this has to be the case, I really don't. It's like nevermind the mistakes they or zhou made. They went and took this whole "moral high ground" stance, and now everyone is likely getting fucked.
Also - how the liquidator handles BTC assets is going to be interesting, likely in a way that doesn't benefit any of us.
August 01, 2012, 03:12:40 PM
The short version is that:
Amir, Patrick and Donald of Intersango have all made this problem MUCH MUCH WORSE by refusing to act or even reply to emails.
Because of those three, everyone who had money in Bitcoinca will receive back less money than they would have, had they been cooperative.
They should be ashamed.
Amir, Patrick and Donald of Intersango have all made this problem MUCH MUCH WORSE by refusing to act or even reply to emails.
Because of those three, everyone who had money in Bitcoinca will receive back less money than they would have, had they been cooperative.
They should be ashamed.
August 01, 2012, 03:10:23 PM
@All
The consultancy team failed and harmed a large fraction of the Bitcoin community. I ask you all to boycott all their ongoing ventures e.g. Intersango, the London Bitcoin conference, personal trades, open source projects etc.
The consultancy team failed and harmed a large fraction of the Bitcoin community. I ask you all to boycott all their ongoing ventures e.g. Intersango, the London Bitcoin conference, personal trades, open source projects etc.
The bitcoin team isn't going to simply oppose their source code contribution to the project. Doing so is quite self-harming. Given that the conference is a big chance for the bitcoin community to get together and build business tie and relationship, so to deny going there is self harming.
Intersango is a bitcoin exchange among many, so boycotting it doesn't cause much self-harm. We just use mtgox instead.
August 01, 2012, 03:05:04 PM
Bitcoinica Consultancy had exclusive responsibility for Bitcoinica's daily operations in all respects, including hot wallet management.
Don't care.
Whoever hold the funds is responsible for it, period. I don't care if you didn't talk to or wasn't informed by the company. If you're messing around with a startup in a startup currency, you should at least understand what the fuck you're doing, including knowing how to reasonably secure this newfanged internet money.
At least you're willing to take responsiblity and do things that the bitcoinica consultancy refuse to do so that we can put this fiasco behind us.
August 01, 2012, 03:03:17 PM
Tihan Seale, would you be so kind as to give this community a detail online of what transpired at that hotel lobby between you and Zhou Tong, aka, Kevin Lim, when the handover of Bitcoinica occurred?
~Bruno~
~Bruno~
August 01, 2012, 03:00:04 PM
@Tihan
Where I am from delayed filing of insolvency is a criminal act. Will you as creditor conduct a report to law enforcement for us?
@All
The consultancy team failed and harmed a large fraction of the Bitcoin community. I ask you all to boycott all their ongoing ventures e.g. Intersango, the London Bitcoin conference, personal trades, open source projects etc.
Where I am from delayed filing of insolvency is a criminal act. Will you as creditor conduct a report to law enforcement for us?
@All
The consultancy team failed and harmed a large fraction of the Bitcoin community. I ask you all to boycott all their ongoing ventures e.g. Intersango, the London Bitcoin conference, personal trades, open source projects etc.
August 01, 2012, 02:54:50 PM
What is your position in this affair, Mr. Seale?
I am an investment scout for Wendon Group and other funds. Part of my role is to monitor past investments.
I facilitated Bitcoinica Consultancy's take-over of Bitcoinica and made my knowledge of the business available to them.
Bitcoinica Consultancy had exclusive responsibility for Bitcoinica's daily operations in all respects, including hot wallet management.
I'd like to thank your company for taking the initiative then. Give my compliments to the chief.
August 01, 2012, 02:54:19 PM
It would be very sad if that happens. The Conference should not be about Bitcoinica, Intersango, or any other particular player. It is about bringing the community together, listening to great speakers and hear about new ideas. Just take a look at the confirmed speaker list. I am definitely coming and it will be a great event-no matter who organizes it.
Time to rigorously boycott Intersango and the "Bitcoin Conference" then?
BB.
That's a no-brainer. Of course you abandon both. Community has already split because of this ordeal.BB.
August 01, 2012, 02:50:14 PM
What is your position in this affair, Mr. Seale?
I am an investment scout for Wendon Group. Part of my role is to monitor past investments.
I facilitated Bitcoinica Consultancy's take-over of Bitcoinica and made my knowledge of the business available to them.
Bitcoinica Consultancy had exclusive responsibility for Bitcoinica's daily operations in all respects, including hot wallet management.
August 01, 2012, 02:47:54 PM
Time to rigorously boycott Intersango and the "Bitcoin Conference" then?
BB.
BB.
That's a no-brainer. Of course you abandon both. Community has already split because of this ordeal.
_______________________________________________________________________________ ___________________
I am owed 44.21 Bitcoins by Bitcoinica. Please compensate or donate here: 1ET2ps7BRrZnDeq7bVNc8bS9ZmgN8DxUXy
Thank you.
August 01, 2012, 02:40:51 PM
Will customers get a payout, or will the funds being donated in favor of the customers go to some other organization, such as the Bitcoin foundation?
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