Topic: bitfloor issues? - page 24. (Read 55562 times)

Yes the Chase Bank Manager recommended a Credit Union also.  FYI Dwolla's partner is Veridian Credit Union.

I would shop your plan around to local credit unions.  They have the same access to the clearing system as the wall street banks, and with persistence you can get access to decision makers.

You can be certain that the FBI, CIA, SEC and other three letter agencies all have at least interns browsing these pages.

Chase meeting was with a banker and a manager.  Neither of them had any idea about bitcoin.  But the did seem to be reacting to directives from the Treasure/FED/Bank Regulators that ANY currency business is problematic.    I told them we had registered with FinCEN as an MSB but that did not matter.  The risk profile for the business line was enough for them to nix it.

I'm not familiar with BLF's banking or payment processing problems.  But they are shipping a physical product and they are not in the currency business.

Interesting read.   Wonder who are the FBI agents that seem to hang out on this site? 
Can you tell us a little more about your chase meeting?   Like the level of contact that told you this, and your background as a business customer of Chase?   Also, did you tell them you were going to be a MSB business?

It would seem that BFL is not having much problem keeping their account open and most of their payment processor problems seem to stem from the number of customer complaints.   Do you think that is because they are merely a vendor of machines?

Good luck with that.  Please report back

Here is the link to the FBI paper

http://www.wired.com/images_blogs/threatlevel/2012/05/Bitcoin-FBI.pdf

Just came back from a meeting with Chase Bank.  They would not open a new business account for any business dealing in any type of currency, digital or otherwise.  Too much pressure from the FED.

How could you have NOT known about the 25000 BTC he defaulted on last year?

I'm sure it sucks to be in the latest group of people to be ripped of by Roman, but you all did business with him knowing he had already screwed people for hundreds of thousands of dollars.  A good many of you jumped all over my ass for complaining about his continued operation while he was insolvent.

The reality is he never produced proof of the fall 2012 hack, just as he has not provided any proof that his accounts have been shut down.  For all you know Capital One closed his accounts because they were being overdrawn on a regular basis.

This exactly. If I had known anything about Roman I would not have used BitFloor.

Blow men, steal mon (ey)

Weak 

>Roman Shtylman
>Rom an Shtyl man
>Rom and Shteal man
>Roam and steal, man

I like it. Not completely accurate, but funny enough. Roman doesn't give fake deadlines. He just doesn't care.

Bitfloor - The BFL of Bitcoin Exchanges.

Well, according to his own tweets he will be back in NY from his NorCal vagabond vacation sometime in the first weeks of June.. which should be relatively shortly (relative to how long we've already been made to wait that is) so I dare say we may actually hear a new word out of Shtylman sometime in the next week .. or two? God who the fuck knows

I was keeping hope after the last update by Roman but I have now just signed the dept off in my mind.

I do know I will not touch anything Roman is running, it is clear he needs A.D.H.D meds and also really has no empathy for other people aka his customers.  If he really gave a rats ass about anyone but himself he would be posting daily updates of some sort.  This "can't talk about it" is bullsh*t, he could at least be vague about his due-diligence but instead he twitters all his other travels and events like nothing has happened.

He really should not be running squat from the updates on Bitcoin Musings it sounds like he is not passing information to his lawyer, another thing one would do if they actually felt bad about what happened.  It just sounds like he is a "coder" hippie.  One that like to code the stuff, be "in" and has absolutely no interest or care in everything else that actually matters when running a business.

I really hope you are successful

The FEDs want to stop money laundering.  I think that is ok.  I don't see evidence that they are hostile to bitcoin itself. 

I don't care if this bank is friendly to bitcoin, only that I have a bank officer, a phone number, and a statement that they will accept the bitfloor check.  This is the same thing I have asked others to obtain, if they are certain that it is easy to deposit a check and return funds.

Are you trying to convince banks to be friendly to Bitcoin? The FBI made it clear what they want, they took down 2 exchanges and seized a few domains.

I am putting together an introduction packet to take to my bank.  This is with a view of having a place that will accept the bitfloor check and disburse the money to it's rightful owners.  I do not expect this effort to bear fruit, but I plan to do it right.

In that letter, I will give my personal 1 page introduction to bitcoin, and a reference to the March FinCEN clarification, and a cover letter telling how bitcoin fits into the bank's business and gives them an advantage with their existing customer base.

I have heard that there is an FBI position document on bitcoin.  I do not know if this is public, or leaked.  I would like to avoid having a leaked document in my packet.

If anyone has some links to other documents I invite you to mention them here.  I want to have all of the negative and restrictive news in my opening packet, so that the bank can't discover anything that I have failed to include.  I think these documents should be from federal agencies, recognized financial groups, or other sources likely to be valued by bankers.  I will not use any sources from Destroy Banks for Anarchy and the like.  The Rolling Stone and Mother Jones would be good sources, if they have published anything.

It would also be helpful to have a list of those places that have been closed or brought under scrutiny.  Again, if the bank finds out from me, I am still credible.  If their due diligence shows that I have been transparent, I maintain my credibility.

And it's a cashier's check. About a month ago I received ~$18K check and cashed it at their bank. I received $2K in cash, and a $16K cashier's check which I deposited into my bank account.

Point to a single instance of me defending Bitfloor. Please. I don't defend them, I attack unsubstantiated BS. And there has been A LOT of that. If any of these accusations are based on actual proof, instead of "I bet he's doing so and so," hell yeah I'll attack him further.
And are we back to you wanting Roman to carry around hundreds of thousands in cash, while you don't trust him to carry a check?

In the meantime, can someone corroborate laserworl's claim that Bitfloor stopped all bitcoin withdrawals? The option to withdraw is still available.