Topic: bitfloor issues? - page 42. (Read 55577 times)
If the bank just decides they don't want their business how come bitfloor can't seek a new bank? The indefinitely sounds permanent
Ok, thank you. 
Just makes me jumpy, I'm not a mood to loose 85BTC today lol.
I'm sad to see Bitfloor go, I really liked their platform. I was looking at CampBX, they seem good. Thoughts?
Just makes me jumpy, I'm not a mood to loose 85BTC today lol.
I'm sad to see Bitfloor go, I really liked their platform. I was looking at CampBX, they seem good. Thoughts?
I received my btc. Also, yes I hope bitfloor can return with the same service. Especially if this incident is handled cleanly, Roman will have gained trust.
Real businesses do not get their bank accounts shut down.
Exactly.
And real businesses don't get their Paypal account frozen.
And real businesses don't get chargebacks.
This seems like a reasonable explanation..
I've had this happen with an American business account. Risk management sends you a letter saying they are shutting down the account in 7 days. There's no disputing it, there's no appeal, it's going to be closed. Risk Management simply decides they don't like something about your transaction history and that's that. I'm not sure it's related to Bitcoins, they're probably leaving very little money in that account (probably a good idea) and just keeping enough to send out ACH withdrawals to traders. But when it's 99% of the money coming in is going right back out and it starts adding up to being millions in/out unless you have a huge chunk of money sitting there to cover any issues, banks are not going to be terribly comfortable.
If it was related to Bitcoin (under a BS excuse of money laundering) the account would be frozen. It doesn't sound like it's frozen, it sounds like the bank is saying we don't want your business GTFO.
I've had this happen with an American business account. Risk management sends you a letter saying they are shutting down the account in 7 days. There's no disputing it, there's no appeal, it's going to be closed. Risk Management simply decides they don't like something about your transaction history and that's that. I'm not sure it's related to Bitcoins, they're probably leaving very little money in that account (probably a good idea) and just keeping enough to send out ACH withdrawals to traders. But when it's 99% of the money coming in is going right back out and it starts adding up to being millions in/out unless you have a huge chunk of money sitting there to cover any issues, banks are not going to be terribly comfortable.
If it was related to Bitcoin (under a BS excuse of money laundering) the account would be frozen. It doesn't sound like it's frozen, it sounds like the bank is saying we don't want your business GTFO.
I suspect exactly this. Either frozen already or in the next few days.
Ok, thank you.
Just makes me jumpy, I'm not a mood to loose 85BTC today lol.
I'm sad to see Bitfloor go, I really liked their platform. I was looking at CampBX, they seem good. Thoughts?
Just makes me jumpy, I'm not a mood to loose 85BTC today lol.
I'm sad to see Bitfloor go, I really liked their platform. I was looking at CampBX, they seem good. Thoughts?
Ive only done a small volume of trades at both, but in my mind, form-fit-function of CampBX is very similar to Bitfloor.
Ok, thank you.
Just makes me jumpy, I'm not a mood to loose 85BTC today lol.
I'm sad to see Bitfloor go, I really liked their platform. I was looking at CampBX, they seem good. Thoughts?
Just makes me jumpy, I'm not a mood to loose 85BTC today lol.
I'm sad to see Bitfloor go, I really liked their platform. I was looking at CampBX, they seem good. Thoughts?
Yes - they've been hanging in there in pretty much last place for awhile. Points for tenacity.
I think the reason they've never caught on is their very up-front acceptance of regulation, 'Know Your Customer' BS, & etc. That seems to be becoming less important though, as bitcoin is attracting more mainstream types.
Next time I sign up with an exchange I'll probably give them a try.
This seems like a reasonable explanation..
I've had this happen with an American business account. Risk management sends you a letter saying they are shutting down the account in 7 days. There's no disputing it, there's no appeal, it's going to be closed. Risk Management simply decides they don't like something about your transaction history and that's that. I'm not sure it's related to Bitcoins, they're probably leaving very little money in that account (probably a good idea) and just keeping enough to send out ACH withdrawals to traders. But when it's 99% of the money coming in is going right back out and it starts adding up to being millions in/out unless you have a huge chunk of money sitting there to cover any issues, banks are not going to be terribly comfortable.
If it was related to Bitcoin (under a BS excuse of money laundering) the account would be frozen. It doesn't sound like it's frozen, it sounds like the bank is saying we don't want your business GTFO.
I've had this happen with an American business account. Risk management sends you a letter saying they are shutting down the account in 7 days. There's no disputing it, there's no appeal, it's going to be closed. Risk Management simply decides they don't like something about your transaction history and that's that. I'm not sure it's related to Bitcoins, they're probably leaving very little money in that account (probably a good idea) and just keeping enough to send out ACH withdrawals to traders. But when it's 99% of the money coming in is going right back out and it starts adding up to being millions in/out unless you have a huge chunk of money sitting there to cover any issues, banks are not going to be terribly comfortable.
If it was related to Bitcoin (under a BS excuse of money laundering) the account would be frozen. It doesn't sound like it's frozen, it sounds like the bank is saying we don't want your business GTFO.
Does anyone have guesses as to why their bank would shut them down? Is this an attack against bitcoin? Something else?
Ok, thank you.
Just makes me jumpy, I'm not a mood to loose 85BTC today lol.
I'm sad to see Bitfloor go, I really liked their platform. I was looking at CampBX, they seem good. Thoughts?
Just makes me jumpy, I'm not a mood to loose 85BTC today lol.
I'm sad to see Bitfloor go, I really liked their platform. I was looking at CampBX, they seem good. Thoughts?
I am having an issue withdrawing my BTC though....
I withdrew 1 BTC (to test my new address/withdraw ability) then withdrew ~85BTC.
https://anonfiles.com/file/1fcbc2cd5f064c9c6d87ac88cbb2d707
I did receive the 1BTC, no problem. But, the 85 is no where to be seen.
When we see the blockchain.info link for my address, it appears the 85BTC has not been sent, while the 1BTC is there.
https://blockchain.info/address/1KbBmF6FQJ7dj7Q5LVTFnzsuFiqcHETEEn
Thoughts?
I withdrew 1 BTC (to test my new address/withdraw ability) then withdrew ~85BTC.
https://anonfiles.com/file/1fcbc2cd5f064c9c6d87ac88cbb2d707
I did receive the 1BTC, no problem. But, the 85 is no where to be seen.
When we see the blockchain.info link for my address, it appears the 85BTC has not been sent, while the 1BTC is there.
https://blockchain.info/address/1KbBmF6FQJ7dj7Q5LVTFnzsuFiqcHETEEn
Thoughts?
When I did have an account with them, this was common. They keep a hot wallet, and an offline wallet. Withdrawals from the offline wallet - that is to say larger transactions - have always taken a few hours. Keep in mind that 'larger transactions', for bitfloor, are somewhat smaller than for Gox.
I am having an issue withdrawing my BTC though....
I withdrew 1 BTC (to test my new address/withdraw ability) then withdrew ~85BTC.
https://anonfiles.com/file/1fcbc2cd5f064c9c6d87ac88cbb2d707
I did receive the 1BTC, no problem. But, the 85 is no where to be seen.
When we see the blockchain.info link for my address, it appears the 85BTC has not been sent, while the 1BTC is there.
https://blockchain.info/address/1KbBmF6FQJ7dj7Q5LVTFnzsuFiqcHETEEn
Thoughts? Do they batch process, need to xfer from offline wallet, or am I about to get gox'd?
I withdrew 1 BTC (to test my new address/withdraw ability) then withdrew ~85BTC.
https://anonfiles.com/file/1fcbc2cd5f064c9c6d87ac88cbb2d707
I did receive the 1BTC, no problem. But, the 85 is no where to be seen.
When we see the blockchain.info link for my address, it appears the 85BTC has not been sent, while the 1BTC is there.
https://blockchain.info/address/1KbBmF6FQJ7dj7Q5LVTFnzsuFiqcHETEEn
Thoughts? Do they batch process, need to xfer from offline wallet, or am I about to get gox'd?
He confirmed it as "indefinite"
Thank you.
He confirmed it as "indefinite"
It's dead, Jim.
Related threads:
bitfloor needs your help!
- https://bitcointalksearch.org/topic/m.1868333
Bitfloor Shutting Down?
- https://bitcointalksearch.org/topic/bitfloor-shutting-down-179152
Bitflloor: " Trading will be suspended at 6 PM EST on 2013.04.17."
- https://bitcointalksearch.org/topic/bitflloor-trading-will-be-suspended-at-6-pm-est-on-20130417-179168
Bitfloor trading suspended
- https://bitcointalksearch.org/topic/bitfloor-trading-suspended-179198
Related threads:
bitfloor needs your help!
- https://bitcointalksearch.org/topic/m.1868333
Bitfloor Shutting Down?
- https://bitcointalksearch.org/topic/bitfloor-shutting-down-179152
Bitflloor: " Trading will be suspended at 6 PM EST on 2013.04.17."
- https://bitcointalksearch.org/topic/bitflloor-trading-will-be-suspended-at-6-pm-est-on-20130417-179168
Bitfloor trading suspended
- https://bitcointalksearch.org/topic/bitfloor-trading-suspended-179198
Did Roman confirm it's a permanent closure?? Not in any of these threads as of now.
Oh shit I have the huge amount of $2.4905 there... lost forever.
But seriously, bitfloor was the only place where I could easily buy coins, I could put cash in and have it online in 30 minutes, with a total charge of 2%
That was too good to be true. Now I have to use crappy moneygram (that takes 10% total fee to load the dollars) or wire money (and wait 3-5 days)
This shows how easily banks can fight back against Bitcoin, making adoption more difficult.
But seriously, bitfloor was the only place where I could easily buy coins, I could put cash in and have it online in 30 minutes, with a total charge of 2%
That was too good to be true. Now I have to use crappy moneygram (that takes 10% total fee to load the dollars) or wire money (and wait 3-5 days)
This shows how easily banks can fight back against Bitcoin, making adoption more difficult.
Bitcoin Ashley, Nice rant. +1
Banks freeze whatever accounts they want to, this isn't the first time this has happened and it isn't the last. Basing your judgement of Roman's level of competence on his bank account being frozen shows pretty clearly that you have absolutely no idea what you are talking about.
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Wait, it isn't frozen though...right? It's just being shut down in a few days....
So we're good.... yeah?
Love me some Bitfloor.
Edit: wtf?
What the hell? Are you shitting me? This has happened to me and I was a real business (LLC) with liceanse, tax ID, everything. What a crock of shit.
Handled it nicely? Real businesses do not get their bank accounts shut down. He says he is registered with FinCen on his website. He obviously has NO IDEA what he is doing and has no right to have been running a business and assuring people he did know what he was doing. SCAMMER or complete incompetent. Either way, a real blight on the BTC PR image. Thanks a lot for setting us back. Great PR.
I'm sorry you are a complete and utter idiot. I try to refrain from name-calling - but - as frozenlock mentioned: " REAL BUSINESSES " ? (WTF dude) do they also not get paypal accounts frozen or credit card chargebacks? Banks freeze whatever accounts they want to, this isn't the first time this has happened and it isn't the last. Basing your judgement of Roman's level of competence on his bank account being frozen shows pretty clearly that you have absolutely no idea what you are talking about.
By the way, I not only have an opportunity to school you in value judgement based on the behavior of external institutions with a 100+ year record of flagrant corruption, but also in post quoting etiquette. My post was extremely long and you only responded to one small part of it - where I claimed that Roman handled it nicely. Quote etiquette demands that you prune when the opportunity is obvious.
Have a nice day! "Real businesses" lol. Real businesses don't get credit card chargebacks or paypal freezes in your bizarre-o fantasy world... stop smoking the fiat money and get in touch with reality bro.
+1 Certainly put more nicely than I would have...
Handled it nicely? Real businesses do not get their bank accounts shut down. He says he is registered with FinCen on his website. He obviously has NO IDEA what he is doing and has no right to have been running a business and assuring people he did know what he was doing. SCAMMER or complete incompetent. Either way, a real blight on the BTC PR image. Thanks a lot for setting us back. Great PR.
I'm sorry you are a complete and utter idiot. I try to refrain from name-calling - but - as frozenlock mentioned: " REAL BUSINESSES " ? (WTF dude) do they also not get paypal accounts frozen or credit card chargebacks? Banks freeze whatever accounts they want to, this isn't the first time this has happened and it isn't the last. Basing your judgement of Roman's level of competence on his bank account being frozen shows pretty clearly that you have absolutely no idea what you are talking about.
By the way, I not only have an opportunity to school you in value judgement based on the behavior of external institutions with a 100+ year record of flagrant corruption, but also in post quoting etiquette. My post was extremely long and you only responded to one small part of it - where I claimed that Roman handled it nicely. Quote etiquette demands that you prune when the opportunity is obvious. Our scroll fingers do not have infinite stamina.
-However - if you assume that the behavior of an external institution with a record of corruption can be used for a value judgement on a separate instutition, I can understand how you might also assume that scroll fingers of Bitcointalk.org users have infinite stamina. Both are wild leaps with absolutely no supporting evidence.
Pfft "Real businesses" lol. Real businesses don't get credit card chargebacks or paypal freezes in your bizarre-o fantasy world... stop smoking the fiat money and get in touch with reality bro.
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