ROMAN WHERE ARE YOU?? WE NEED TO KNOW WHATS HAPPENING
This. Perhaps Roman is more of a doer than a talker. I hope he does something quickly. I feel no sympathy, nor am i angry. I want shit handled.
Topic: bitfloor issues? - page 35. (Read 55562 times)
This. Perhaps Roman is more of a doer than a talker. I hope he does something quickly. I feel no sympathy, nor am i angry. I want shit handled.
^^ indeed there seems dialog about it here : http://www.reddit.com/r/Bitcoin/comments/1cquy9/bitfloor_update_420_the_bank_has_issued_us_a/
even thats a bit stale..
even thats a bit stale..
That's a great place to get all the latest information. Too bad their last message on that is older than their website, dated the 18th
Heck, it'd be easiest for him to just return the funds via bitcoin ;-)
no crap. i emailed him exactly this as soon as i heard the news. i imagine lots of other people asked the same thing, because soon after he put out the public notice that he would not be doing it
10 days or 10 business days? I believe the first is today.
Right about now, Roman is getting hundreds of emails. Poor him 
Poor him?? How about all of us who are owed their money?
Look, I sympathize with the troubles he's experiencing but the man has our money, or is at least waiting for the money from the bank still, but who knows? he won't even issue an update on the status or respond to emails??
How in the world does NOT communicating to anybody about whats going on help anyone but HIMSELF?
If you can make me understand that then I will cry with you.. oh pooor poooor Roman.
ROMAN WHERE ARE YOU?? WE NEED TO KNOW WHATS HAPPENING
Right about now, Roman is getting hundreds of emails. Poor him
It is unfortunate that the bank account was closed before some of the ACH transfers could go through.
Had I initiated mine a day earlier I would have got it in time.
Such is life.
Whenever this 10 days is up, I'm interested in seeing what he pulls out of his ass as the "best way to return your funds to you."
If it's anything other than ACH / Check in mail / USPS money order in mail I'll be surprised. Heck, it'd be easiest for him to just return the funds via bitcoin ;-) But my hope hasn't evaporated; so far nothing out of the ordinary has been indicated. It's a little harder to abscond with USD (from a freshly-cashed check with an undisputable electronic record "sorry officer, the check was um, stolen, and someone who looks exactly like me cashed it with fake ID") than it is with bitcoins.
I remember some story from Reptilia about some rich guy who sold all his coins above 200 and was trying to figure out how the heck to get his USD funds out of MtGox when the price was like $60. Ended up being that the fastest way was to simply convert back to BTC, transfer to reptile, then "sell" coins for roughly same amount and SEPA USD to rich guy. Funny stuff.
It is unfortunate that the bank account was closed before some of the ACH transfers could go through.
Had I initiated mine a day earlier I would have got it in time.
Such is life.
Whenever this 10 days is up, I'm interested in seeing what he pulls out of his ass as the "best way to return your funds to you."
If it's anything other than ACH / Check in mail / USPS money order in mail I'll be surprised. Heck, it'd be easiest for him to just return the funds via bitcoin ;-) But my hope hasn't evaporated; so far nothing out of the ordinary has been indicated. It's a little harder to abscond with USD (from a freshly-cashed check with an undisputable electronic record "sorry officer, the check was um, stolen, and someone who looks exactly like me cashed it with fake ID") than it is with bitcoins.
I remember some story from Reptilia about some rich guy who sold all his coins above 200 and was trying to figure out how the heck to get his USD funds out of MtGox when the price was like $60. Ended up being that the fastest way was to simply convert back to BTC, transfer to reptile, then "sell" coins for roughly same amount and SEPA USD to rich guy. Funny stuff.
How about a backup bank for each exchange?
How difficult would it be to ALWAYS have at least two bank accounts for an exchange, and when one gives notice of closure, move all the fiat into another one, then open a new account with a new bank (if you want to continue operating)?
The number of banks is of course finite, but given how many credit unions and similar banking services are there, it seems like this strategy would allow an exchange to survive for a pretty long while.
How come this has never been discussed?
How difficult would it be to ALWAYS have at least two bank accounts for an exchange, and when one gives notice of closure, move all the fiat into another one, then open a new account with a new bank (if you want to continue operating)?
The number of banks is of course finite, but given how many credit unions and similar banking services are there, it seems like this strategy would allow an exchange to survive for a pretty long while.
How come this has never been discussed?
I think that is sort of like having a backup government with backup tax regulations.
It's not really a question of running out of governments.
How about a backup bank for each exchange?
How difficult would it be to ALWAYS have at least two bank accounts for an exchange, and when one gives notice of closure, move all the fiat into another one, then open a new account with a new bank (if you want to continue operating)?
The number of banks is of course finite, but given how many credit unions and similar banking services are there, it seems like this strategy would allow an exchange to survive for a pretty long while.
How come this has never been discussed?
How difficult would it be to ALWAYS have at least two bank accounts for an exchange, and when one gives notice of closure, move all the fiat into another one, then open a new account with a new bank (if you want to continue operating)?
The number of banks is of course finite, but given how many credit unions and similar banking services are there, it seems like this strategy would allow an exchange to survive for a pretty long while.
How come this has never been discussed?
Previously, if you put in an ACH request after the trading closed BitFloor would show it as processed and having left your account. Obviously it didn't actually show up in your bank. The snippet you posted simply shows that the ACH was attempted on 4/18 but on 4/23 the funds were put back into your BitFloor account. This should make you feel better as they still have a record of who had what in their accounts.
I haven't emailed bitfloor/Roman yet so I came here for a little reassurance(de-emphasis on the ASS).
So thank you, kindly. I realized after posting that the fact that they still had a record of my funds was indeed, a good thing. I really hope this works out for them. I like their whole system.
i still have recieved no email returns from customer support or funds.
same
Can you wait until April 20th + 10 days = April 30th to ask again? He's probably being swamped with requests, and until he gets the check from the bank, there's really nothing he can do or say.
i still have recieved no email returns from customer support or funds.
same
So, has anyone received anything yet? Still trying to remain positive.
type status amount
Wed, 17 Apr 2013 22:51:34 GMT ach pending -xxxx.xx USD
Amount Balance
Tue, 23 Apr 2013 20:24:51 GMT +xxxx.xx xxxx.xx USD
Thu, 18 Apr 2013 17:35:01 GMT -xxxx.xx x.xx USD
The fuck does this mean?
Previously, if you put in an ACH request after the trading closed BitFloor would show it as processed and having left your account. Obviously it didn't actually show up in your bank. The snippet you posted simply shows that the ACH was attempted on 4/18 but on 4/23 the funds were put back into your BitFloor account. This should make you feel better as they still have a record of who had what in their accounts.
Posted today on bitfloor's page:
They've really been doing a pretty good job in quite difficult circumstances. I wouldn't be terribly concerned about getting my money. It will take a little time, that's all - and this really isn't their fault.
Quote
2013.04.20
The bank has issued us a check for the remaining account balance. Once this check is received, we will be working to establish a way to return the remaining USD funds.
The ETA for receiving the check is around 10 days. Until then, we will be unable to make any further payouts. We are exploring various options for returning your funds.
The bank has issued us a check for the remaining account balance. Once this check is received, we will be working to establish a way to return the remaining USD funds.
The ETA for receiving the check is around 10 days. Until then, we will be unable to make any further payouts. We are exploring various options for returning your funds.
They've really been doing a pretty good job in quite difficult circumstances. I wouldn't be terribly concerned about getting my money. It will take a little time, that's all - and this really isn't their fault.
So, has anyone received anything yet? Still trying to remain positive.
type status amount
Wed, 17 Apr 2013 22:51:34 GMT ach pending -xxxx.xx USD
Amount Balance
Tue, 23 Apr 2013 20:24:51 GMT +xxxx.xx xxxx.xx USD
Thu, 18 Apr 2013 17:35:01 GMT -xxxx.xx x.xx USD
The fuck does this mean?
Could it mean... 10 days??
i still have recieved no email returns from customer support or funds.
ditto
i still have recieved no email returns from customer support or funds.
Posted today on bitfloor's page:
They've really been doing a pretty good job in quite difficult circumstances. I wouldn't be terribly concerned about getting my money. It will take a little time, that's all - and this really isn't their fault.
Quote
2013.04.20
The bank has issued us a check for the remaining account balance. Once this check is received, we will be working to establish a way to return the remaining USD funds.
The ETA for receiving the check is around 10 days. Until then, we will be unable to make any further payouts. We are exploring various options for returning your funds.
The bank has issued us a check for the remaining account balance. Once this check is received, we will be working to establish a way to return the remaining USD funds.
The ETA for receiving the check is around 10 days. Until then, we will be unable to make any further payouts. We are exploring various options for returning your funds.
They've really been doing a pretty good job in quite difficult circumstances. I wouldn't be terribly concerned about getting my money. It will take a little time, that's all - and this really isn't their fault.
So, has anyone received anything yet? Still trying to remain positive.
type status amount
Wed, 17 Apr 2013 22:51:34 GMT ach pending -xxxx.xx USD
Amount Balance
Tue, 23 Apr 2013 20:24:51 GMT +xxxx.xx xxxx.xx USD
Thu, 18 Apr 2013 17:35:01 GMT -xxxx.xx x.xx USD
The fuck does this mean?
Don't you do any research before handing money to any entity? How difficult was it to go on the Bitcoin wiki and search for Bitfloor? The 24k BTC theft was there all the time.
lol pal
who would think that a bitcoin wiki would contain information about third party systems? i surely wouldn't. in fact, i would argue an official wiki should avoid having any information about third parties
Look like you're a bit of a lazy bum. And based on how you write, you probably haven't graduated from high-school yet.
https://yourlogicalfallacyis.com/ad-hominemIf you base your investment decisions on what "someone said", then I have no sympathy for you, and you deserve your fate.
of course your statement is true, and it is irrelevant to me and to this entire thread. you are arguing points that no one has contested. you clearly like to argue, so go for it
i didnt base any investment decision based on what someone said.
let me help you: bitfloor isnt an investment. it is an exchange which would allow me to invest in BTC or not.
and look at all the scenarios where this happens. how did you get your bitcoins out of glbse? sendt in id verification. how do you get your bitcoins out of instawallet today? send in id verification. now how do you get your usds out of bitfloor? send in id verification. see a pattern? these services get advice and all of a sudden they need your id.
It always amazes me how many people in crypto think they should be able to cash out any amount of bitcoin without ever needing to show someone ID. In the European union it's illegal to deposit/withdraw more then 1000 Euros' without giving ID. I don't know what the number is for America but your required to "know your customer" when dealing with money. So yes- you have to give your ID.
Who knows what instawallet is up to though. They seem to need your id for the legal claims process.
Also THIS. "But Bitcoin promised to be anonymous and instantaneous!!1"
Yes. As long as you stay in bitcoinland it is. Leaving it into the real world, and you have the Bitcoin equivalent of the mechanic's triangle (corners: speed, quality, price) where the qualities Speed, Anonymity, Security are all tradeoffs with each other.
Going to and from fiat will always be sketchy. Because fiat is sketchy.
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