[ANN] Bitcoinica Consultancy abandons customers. Bitcoinica to enter Liquidation - page 2.

disclaimer201

legendary

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Quote from: BCB on December 23, 2012, 04:13:00 PM

Quote from: disclaimer201 on December 21, 2012, 01:15:45 PM

Turns out today that Bitmarket.eu was heavily invested in Bitcoinica and got owned as well. Along with most of its customers. Admin held it a secret for half a year until he ran out of funds very recently. A perfect date for the end of yet another exchange.

Just when you thought Team Zhou/Intersango couldn't fuck the Bitcoin project up any more, months later you find out the clusterfuck is even larger than life. That's what they call a domino effect.

Good thing I switched my passion to litecoins a long time ago. No disasters as of yet.

disclaimer201. Where is this info?

Thx.

https://bitcointalksearch.org/topic/m.1413156

https://bitcointalk.org/index.php?topic=129803.msg1417085;topicseen#msg1417085

danieldaniel

hero member

Activity: 854

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Quote from: phantomcircuit on December 23, 2012, 03:45:12 PM

Quote from: btcx on December 23, 2012, 10:52:37 AM

Quote from: phantomcircuit on December 20, 2012, 03:16:52 PM

Intersango did not purchase any part of Bitcoinica.

Bitcoinica did not purchase any part of Intersango.

This is a lie that has been pushed by Roger Ver who is an owner in businesses who are direct competitors with Intersango.

Let me repeat. It's a lie.

Care to explain this then? https://docs.google.com/file/d/0B_ECG6JRZs-7VVFGdUVZd3UycGc/edit

Oh right, it was Wendon Group that traded you personally some shares of Bitcoinica for shares of Intersango.

The actual contract clearly shows Intersango was not owned by or responsible for the operation of bitcoinica.

Something you have now confirmed you had knowledge of prior to filling suit alleging as much.

I'll see you in court.

He just got owned.

BCB

vip

Activity: 1078

Merit: 1002

BCJ

Quote from: disclaimer201 on December 21, 2012, 01:15:45 PM

Turns out today that Bitmarket.eu was heavily invested in Bitcoinica and got owned as well. Along with most of its customers. Admin held it a secret for half a year until he ran out of funds very recently. A perfect date for the end of yet another exchange.

Just when you thought Team Zhou/Intersango couldn't fuck the Bitcoin project up any more, months later you find out the clusterfuck is even larger than life. That's what they call a domino effect.

Good thing I switched my passion to litecoins a long time ago. No disasters as of yet.

disclaimer201. Where is this info?

Thx.

phantomcircuit

sr. member

Activity: 463

Merit: 252

Quote from: btcx on December 23, 2012, 10:52:37 AM

Quote from: phantomcircuit on December 20, 2012, 03:16:52 PM

Intersango did not purchase any part of Bitcoinica.

Bitcoinica did not purchase any part of Intersango.

This is a lie that has been pushed by Roger Ver who is an owner in businesses who are direct competitors with Intersango.

Let me repeat. It's a lie.

Care to explain this then? https://docs.google.com/file/d/0B_ECG6JRZs-7VVFGdUVZd3UycGc/edit

Oh right, it was Wendon Group that traded you personally some shares of Bitcoinica for shares of Intersango.

The actual contract clearly shows Intersango was not owned by or responsible for the operation of bitcoinica.

Something you have now confirmed you had knowledge of prior to filling suit alleging as much.

I'll see you in court.

btcx

vip

Activity: 302

Merit: 253

Quote from: phantomcircuit on December 20, 2012, 03:16:52 PM

Intersango did not purchase any part of Bitcoinica.

Bitcoinica did not purchase any part of Intersango.

This is a lie that has been pushed by Roger Ver who is an owner in businesses who are direct competitors with Intersango.

Let me repeat. It's a lie.

Care to explain this then? https://docs.google.com/file/d/0B_ECG6JRZs-7VVFGdUVZd3UycGc/edit

Oh right, it was Wendon Group that traded you personally some shares of Bitcoinica for shares of Intersango.

Quote from: Donald Norman 02/05/12 07:57

The bitcoinica plan is that patrick rewrite this site and i help you with
the logic for the hedging bot. That's waiting on you looking at the code.
The speed of this is crucial because not only does it help both Intersango
and bitcoinica but at the same time it takes volume from mtgox. Tripple
whammy

How far the commingling of assets and resources goes is yet to be seen.

P.S. lol @ Intersango being competition for anything. Roger has more credibility in his pinky than you have in your whole body. I can't believe you still slink around here but what's more shocking is that anybody still trusts you with their money.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: repentance on December 21, 2012, 07:51:04 PM

Also, businesses making claims in the liquidation should be doing so as businesses and not as individuals. So at least claim as "Joe Smith trading as Bitcoin Scam 5" instead of just "Joe Smith" - otherwise there are going to be even more legal shit-fights.

What you say is correct but it has significant practical implications, in the sense that if he does claim as a company the fiscal authorities in his country will probably regard the entire thing in such a light as to give him decent odds of an unsuspended jail sentence. So he won't be doing that.

Quote from: disclaimer201 on December 21, 2012, 09:58:08 PM

Nowhere would you get interest just for owning bitcoins instead.

You're wrong. And iirc this was available since before Bitcoinica.

Herodes

hero member

Activity: 868

Merit: 1000

Being a problem gambler is one thing. Gambling with other people's money without them knowing about it, is the lowest of the low, jailtime is a good idea.

HorseRider

donator

Activity: 1120

Merit: 1001

Quote from: disclaimer201 on December 21, 2012, 01:15:45 PM

Turns out today that Bitmarket.eu was heavily invested in Bitcoinica and got owned as well. Along with most of its customers. Admin held it a secret for half a year until he ran out of funds very recently. A perfect date for the end of yet another exchange.

Just when you thought Team Zhou/Intersango couldn't fuck the Bitcoin project up any more, months later you find out the clusterfuck is even larger than life. That's what they call a domino effect.

Good thing I switched my passion to litecoins a long time ago. No disasters as of yet.

Oh, shit.

I'm not familiar with bitmarket.eu. If I were the victim, I would build a profile of them on internet. This should be put into the personal credit reports of them. At least, we community should build the credit records for the scammers. The scammer tag is a very simple start.

disclaimer201

legendary

Activity: 1526

Merit: 1001

You are right. I just hate anything bitcoinica muchly. There is no excuse. I sent quite a few bitcoins to bitcoinica myself not speculating at all, but just receiving the daily interest in USD and BTC. Nowhere would you get interest just for owning bitcoins instead. I didn't expect it would go tits up as fast as it did. Damn.

repentance

hero member

Activity: 868

Merit: 1000

Quote from: disclaimer201 on December 21, 2012, 01:15:45 PM

Turns out today that Bitmarket.eu was heavily invested in Bitcoinica and got owned as well. Along with most of its customers. Admin held it a secret for half a year until he ran out of funds very recently. A perfect date for the end of yet another exchange.

Just when you thought Team Zhou/Intersango couldn't fuck the Bitcoin project up any more, months later you find out the clusterfuck is even larger than life. That's what they call a domino effect.

Good thing I switched my passion to litecoins a long time ago. No disasters as of yet.

He was using customer funds to short Bitcoin. You can't blame Bitcoinica for that. Chances are that he would have kept chasing his losses had Bitcoinica not folded. At least Bitcoinica's liquidation means there's some possibility of a portion of customer funds being recovered, although that's not much compensation for the fact that someone essentially used their funds to play at the casino without their permission.

Also, businesses making claims in the liquidation should be doing so as businesses and not as individuals. So at least claim as "Joe Smith trading as Bitcoin Scam 5" instead of just "Joe Smith" - otherwise there are going to be even more legal shit-fights.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: disclaimer201 on December 21, 2012, 01:15:45 PM

Turns out today that Bitmarket.eu was heavily invested in Bitcoinica and got owned as well. Along with most of its customers. Admin held it a secret for half a year until he ran out of funds very recently. A perfect date for the end of yet another exchange.

Just when you thought Team Zhou/Intersango couldn't fuck the Bitcoin project up any more, months later you find out the clusterfuck is even larger than life. That's what they call a domino effect.

Good thing I switched my passion to litecoins a long time ago. No disasters as of yet.

I really doubt some random idiot going 1000:1 on customer funds can be pinned in any way on Bitcoinica. His "strategy" would have failed regardless.

disclaimer201

legendary

Activity: 1526

Merit: 1001

Turns out today that Bitmarket.eu was heavily invested in Bitcoinica and got owned as well. Along with most of its customers. Admin held it a secret for half a year until he ran out of funds very recently. A perfect date for the end of yet another exchange.

Just when you thought Team Zhou/Intersango couldn't fuck the Bitcoin project up any more, months later you find out the clusterfuck is even larger than life. That's what they call a domino effect.

Good thing I switched my passion to litecoins a long time ago. No disasters as of yet.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: MemoryDealers on December 21, 2012, 10:37:32 AM

..You do however owe me around 24,000 BTC and have been rather rude about it....

Owned.

MelMan2002

sr. member

Activity: 461

Merit: 251

Quote from: MemoryDealers on December 21, 2012, 10:37:32 AM

...and have been rather rude about it.

Understatement of the year..

MemoryDealers

vip

Activity: 1052

Merit: 1155

Quote from: phantomcircuit on December 20, 2012, 03:16:52 PM

Intersango did not purchase any part of Bitcoinica.

Bitcoinica did not purchase any part of Intersango.

This is a lie that has been pushed by Roger Ver who is an owner in businesses who are direct competitors with Intersango.

Let me repeat. It's a lie.

I don't think I ever said either of those things, and I'm not a part owner of any active bitcoin exchange that would be considered a direct competitor to you.

You do however owe me around 24,000 BTC and have been rather rude about it.

disclaimer201

legendary

Activity: 1526

Merit: 1001

Undecided whether Patrick is a pathological liar or a sociopathic liar. I tend towards the latter though.

Rick James

member

Activity: 78

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Quote from: phantomcircuit on December 20, 2012, 03:16:52 PM

Intersango did not purchase any part of Bitcoinica.

Bitcoinica did not purchase any part of Intersango.

This is a lie that has been pushed by Roger Ver who is an owner in businesses who are direct competitors with Intersango.

Let me repeat. It's a lie.

This BITCH talking about lies.

FUCK YOU PATRICK.

WHERE'S THE BITCOINICA MONEY, BITCH?

phantomcircuit

sr. member

Activity: 463

Merit: 252

Quote from: rebroad on December 20, 2012, 01:43:25 PM

Quote from: Raoul Duke on August 01, 2012, 06:54:25 PM

Quote from: BitBuster on August 01, 2012, 06:51:43 PM

Quote from: Raoul Duke on August 01, 2012, 06:24:57 PM

Given that shit already hit the fan you guys might as well know that Donald will be enjoying the Portuguese sun for a month.

Given this whole mess he really should be needing some vacations Roll Eyes

Do you know this to be the case or just joking? Inference that he is jetting off on Bitcoinica customer's money?

BB.

I'm serious.
He contacted me to hook him up with the Lisbon bitcoin scene.
No, I don't live in Lisbon.
Some interested parties were made aware of this fact, I just didn't relay it in the forums.
Given this statement by Tihan I don't see the point on keeping it a secret anymore.

BTW, I'm not infering that he's spending Bitcoinica's customers money. Just that he decided to take some time off when he should be working his ass off to make all of you whole after this mess.

Is it possible that intersango bought only Bitcoinica's assets and none of their debts?

Intersango did not purchase any part of Bitcoinica.

Bitcoinica did not purchase any part of Intersango.

This is a lie that has been pushed by Roger Ver who is an owner in businesses who are direct competitors with Intersango.

Let me repeat. It's a lie.

rebroad

newbie

Activity: 26

Merit: 9

Quote from: Raoul Duke on August 01, 2012, 06:54:25 PM

Quote from: BitBuster on August 01, 2012, 06:51:43 PM

Quote from: Raoul Duke on August 01, 2012, 06:24:57 PM

Given that shit already hit the fan you guys might as well know that Donald will be enjoying the Portuguese sun for a month.

Given this whole mess he really should be needing some vacations Roll Eyes

Do you know this to be the case or just joking? Inference that he is jetting off on Bitcoinica customer's money?

BB.

I'm serious.
He contacted me to hook him up with the Lisbon bitcoin scene.
No, I don't live in Lisbon.
Some interested parties were made aware of this fact, I just didn't relay it in the forums.
Given this statement by Tihan I don't see the point on keeping it a secret anymore.

BTW, I'm not infering that he's spending Bitcoinica's customers money. Just that he decided to take some time off when he should be working his ass off to make all of you whole after this mess.

Is it possible that intersango bought only Bitcoinica's assets and none of their debts?

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: davout on December 20, 2012, 12:49:45 PM

Quote from: MPOE-PR on December 20, 2012, 05:08:34 AM

One'd refuse very butch lumberjacks at her peril.

Enjoy.

You could use a pedicure

Fuck the pedicure, for I want them, as theymos would say, au naturel. But before I work my way south to them scrumptioustoes... (I hope Maria doesn't see this post)

Topic: [ANN] Bitcoinica Consultancy abandons customers. Bitcoinica to enter Liquidation - page 2. (Read 54936 times)