Any progress on this?
You're on the wrong thread. That discussion was moved to https://bitcointalk.org/index.php?topic=179135.420
Topic: bitfloor needs your help! (Read 177459 times)
You're on the wrong thread. That discussion was moved to https://bitcointalk.org/index.php?topic=179135.420
Any progress on this?
Progress (I hope) - posted on the website yesterday...
Quote
2013.05.13
We have received the check and are working on a way to start returning funds. We do not yet have an ETA, but understand everyone is anxious to get their money back and we are trying to make that happen as quickly as possible.
We have received the check and are working on a way to start returning funds. We do not yet have an ETA, but understand everyone is anxious to get their money back and we are trying to make that happen as quickly as possible.
Still waiting for an update with some substance...
A check was supposedly sent on April 20th closing out the account. A short update on May 1 saying
Sadly nothing since then...
A check was supposedly sent on April 20th closing out the account. A short update on May 1 saying
Quote
We are still waiting to hear back from the bank regarding our remaining account balance.
Sadly nothing since then...
Attempting some progress in the exchange community... https://bitcointalksearch.org/topic/attn-offering-to-buy-blocks-of-bitfloor-debt-205881
Still waiting for an update with some substance...
A check was supposedly sent on April 20th closing out the account. A short update on May 1 saying
Sadly nothing since then...
A check was supposedly sent on April 20th closing out the account. A short update on May 1 saying
Quote
We are still waiting to hear back from the bank regarding our remaining account balance.
Sadly nothing since then...
Don't know anything about these new US exchanges.
https://bitbox.mx
(I've traded with him personally)
https://beta.kraken.com/
https://www.crypto.st/
https://bitbox.mx
(I've traded with him personally)
https://beta.kraken.com/
https://www.crypto.st/
Just discovered that the money which had been sent from my Capital One 360 to Bitfloor before their shutdown was return to me. Thank you Bitfloor for sending my money back to me.
I liked using the Bitfloor site more than any other US based site and it is always sad when any bitcoin exchange goes out of business. We need more exchanges not less.
Hopefully, the Bitfloor Boys will get things back together and will find a way to navigate money laws and timid banks and will get their exchange back up.
Until then, I am thrilled to have my money back from Bitfloor.
I liked using the Bitfloor site more than any other US based site and it is always sad when any bitcoin exchange goes out of business. We need more exchanges not less.
Hopefully, the Bitfloor Boys will get things back together and will find a way to navigate money laws and timid banks and will get their exchange back up.
Until then, I am thrilled to have my money back from Bitfloor.
Let me know if anyone is doing anything about the debt. I have a good amount owed to me and don't want to see it walk away.
Good luck. They owe me 14 BTC, but I doubt I'll ever see any of it again.
Let me know if anyone is doing anything about the debt. I have a good amount owed to me and don't want to see it walk away.
Congrats on winning your Hindsight 20/20 prize. Have a gold star *
The topic at hand, though, is specifically offloading the debt that Bitfloor owed to you. In DeathandTaxes's case, Bitfloor owed him 200BTC, and although Bitfloor was not willing to do anything with the debt other than hold it on their books and attempt to repay it, Deathandtaxes was able to offload it to someone else in a private contract. Entropy just wasn't as lucky.
The topic at hand, though, is specifically offloading the debt that Bitfloor owed to you. In DeathandTaxes's case, Bitfloor owed him 200BTC, and although Bitfloor was not willing to do anything with the debt other than hold it on their books and attempt to repay it, Deathandtaxes was able to offload it to someone else in a private contract. Entropy just wasn't as lucky.
Thanks for the hindsight gold star! I recall this thread about you selling out of BTC ~15 or w/e it was a month or so ago, so I guess of everyone in Bitcoin you might be the most highly qualified authority to dispense these.
It was at $22, but yep. Sucks to have missed out on the nice rise in price, but at least I'm not going to be affected by the wild swings any more.
Congrats on winning your Hindsight 20/20 prize. Have a gold star *
The topic at hand, though, is specifically offloading the debt that Bitfloor owed to you. In DeathandTaxes's case, Bitfloor owed him 200BTC, and although Bitfloor was not willing to do anything with the debt other than hold it on their books and attempt to repay it, Deathandtaxes was able to offload it to someone else in a private contract. Entropy just wasn't as lucky.
The topic at hand, though, is specifically offloading the debt that Bitfloor owed to you. In DeathandTaxes's case, Bitfloor owed him 200BTC, and although Bitfloor was not willing to do anything with the debt other than hold it on their books and attempt to repay it, Deathandtaxes was able to offload it to someone else in a private contract. Entropy just wasn't as lucky.
Thanks for the hindsight gold star! I recall this thread about you selling out of BTC ~15 or w/e it was a month or so ago, so I guess of everyone in Bitcoin you might be the most highly qualified authority to dispense these.
Actually they had offers, but Roman is financially inept and in general mentally unprepared to lead any sort of venture. He may be able to code, but he needs to be an employee and obey management. He's unable to self manage.
Congrats on winning your Hindsight 20/20 prize. Have a gold star *
The topic at hand, though, is specifically offloading the debt that Bitfloor owed to you. In DeathandTaxes's case, Bitfloor owed him 200BTC, and although Bitfloor was not willing to do anything with the debt other than hold it on their books and attempt to repay it, Deathandtaxes was able to offload it to someone else in a private contract. Entropy just wasn't as lucky.
Roman posted in my thread that he wouldn't support any transfers, and killed any offers for the debt.
I'm pretty sure he posted that in DeathandTaxes's thread, too, so what's your point?
No one was willing to offer even pennies on the BTC at the time.
How is that Roman's or DeathandTaxes's fault?
Actually they had offers, but Roman is financially inept and in general mentally unprepared to lead any sort of venture. He may be able to code, but he needs to be an employee and obey management. He's unable to self manage.
Roman posted in my thread that he wouldn't support any transfers, and killed any offers for the debt.
I'm pretty sure he posted that in DeathandTaxes's thread, too, so what's your point?
No one was willing to offer even pennies on the BTC at the time.
How is that Roman's or DeathandTaxes's fault?
People who think the debt should be payed in Bitcoin are completely non-sensical.
The debt equals to the value of the holdings at the time of the hack.
This value can be denominated in USD, BTC or whatever reserve of value.
For example, if you want to denominate the debt in USD, the value equals the USD equivalent at the time of the hack corrected with the inflation rate since the time of the hack + interest rate.
The debt equals to the value of the holdings at the time of the hack.
This value can be denominated in USD, BTC or whatever reserve of value.
For example, if you want to denominate the debt in USD, the value equals the USD equivalent at the time of the hack corrected with the inflation rate since the time of the hack + interest rate.
I think you may be missing the investment potential part of the value. Also, if the debt was denominated in Argentine Pesos value, Bitfloor would only have to pay out 1/6th of the USD value now. So... why USD? And isn't "value" rather arbitrary?
Entropy lying? I am SHOCKED! SHOCKED I SAY! It's not like he doesn't have a history of it or anything...
But anyway... what happens to the debut that's till owed? I have some active BTC in my account, I expect it will be paid out.. but what about the 288 BTC that's still on "hold" ? Goes poof I assume?
But anyway... what happens to the debut that's till owed? I have some active BTC in my account, I expect it will be paid out.. but what about the 288 BTC that's still on "hold" ? Goes poof I assume?
Lmao look who found his voice.
People who think the debt should be payed in Bitcoin are completely non-sensical.
The debt equals to the value of the holdings at the time of the hack.
This value can be denominated in USD, BTC or whatever reserve of value.
For example, if you want to denominate the debt in USD, the value equals the USD equivalent at the time of the hack corrected with the inflation rate since the time of the hack + interest rate.
If you want to denominate the debt in BTC, you have to correct the value of the holdings at the time of the hack with the inflation rate of BTC since the time of the hack (as you know, for bitcoin this inflation rate is very negative).
I won't comment or correct all other non-sensical comments but some of you guys need a serious valuation course before posting here.
The debt equals to the value of the holdings at the time of the hack.
This value can be denominated in USD, BTC or whatever reserve of value.
For example, if you want to denominate the debt in USD, the value equals the USD equivalent at the time of the hack corrected with the inflation rate since the time of the hack + interest rate.
If you want to denominate the debt in BTC, you have to correct the value of the holdings at the time of the hack with the inflation rate of BTC since the time of the hack (as you know, for bitcoin this inflation rate is very negative).
I won't comment or correct all other non-sensical comments but some of you guys need a serious valuation course before posting here.
I also am curious about the status of the BTC debt?
-bgc
-bgc
Entropy lying? I am SHOCKED! SHOCKED I SAY! It's not like he doesn't have a history of it or anything...
But anyway... what happens to the debut that's till owed? I have some active BTC in my account, I expect it will be paid out.. but what about the 288 BTC that's still on "hold" ? Goes poof I assume?
pot, meet kettle, kettle, pot
you two should have a lot to talk about
I certainly won't touch a US-based bitcoin exchange ever. Until the trust factor has been built up over time.
So, where do you trade at if not Bitfloor or MtGox (which is moving US portion into US)?
Bitstamp, Bitcoin.de, BTC-e, etc I assume.
I have been happy with Bitstamp.
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