bitfloor needs your help! - page 15.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: DannyHamilton on September 21, 2012, 12:50:11 PM

Quote from: shtylman on September 21, 2012, 10:29:08 AM

Bitfloor has indeed resumed trading. My official statement on the matter is here:
https://plus.google.com/109620439233076225324/posts/bLJRDHApjSP

More generally https://blog.bitfloor.com will contain official updates.

If you have specific questions please contact [email protected] and I will gladly respond.

Shtylman,

Any thoughts on creating a secondary market where "on hold" BTC can be bought/sold? I'd be willing to purchase some "on hold" BTC from those who might be in a hurry to cash out if I could get them at an exchange rate that is slightly more favorable than the current rate for BTC that are not "on hold". If you could create a way for these BTC to be identified and traded, then you would allow those customers of yours who have fears or are in urgent need to cash out to transfer the BTC to those who are just hoarding and have no immediate need. This would significantly improve customer satisfaction.

I'd even guess that buyers of "on hold" BTC would be willing to pay a transaction fee to the exchange in the form of "on hold" BTC (which would remove those BTC from the pool of BTC that the exchange would need to repay).

(perhaps I should send this question in an email to ensure Shtylman sees it).

+1 to this - I would welcome such a market.

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: shtylman on September 21, 2012, 10:29:08 AM

Bitfloor has indeed resumed trading. My official statement on the matter is here:
https://plus.google.com/109620439233076225324/posts/bLJRDHApjSP

More generally https://blog.bitfloor.com will contain official updates.

If you have specific questions please contact [email protected] and I will gladly respond.

Shtylman,

Any thoughts on creating a secondary market where "on hold" BTC can be bought/sold? I'd be willing to purchase some "on hold" BTC from those who might be in a hurry to cash out if I could get them at an exchange rate that is slightly more favorable than the current rate for BTC that are not "on hold". If you could create a way for these BTC to be identified and traded, then you would allow those customers of yours who have fears or are in urgent need to cash out to transfer the BTC to those who are just hoarding and have no immediate need. This would significantly improve customer satisfaction.

I'd even guess that buyers of "on hold" BTC would be willing to pay a transaction fee to the exchange in the form of "on hold" BTC (which would remove those BTC from the pool of BTC that the exchange would need to repay).

(perhaps I should send this question in an email to ensure Shtylman sees it).

EDIT: As of 2013-04-17 BitFloor has ceased all operations.

HDSolar

sr. member

Activity: 386

Merit: 250

Quote from: mufa23 on September 21, 2012, 11:50:05 AM

Awesome! I've already gotten tired of using Gox the past couple of weeks. Just sent some funds in, and will resume regular trading.

This is great news and what we all needed to see. As soon as I have some coins I will be working with you again (later in the week).

mufa23

legendary

Activity: 1022

Merit: 1001

I'd fight Gandhi.

Awesome! I've already gotten tired of using Gox the past couple of weeks. Just sent some funds in, and will resume regular trading.

Severian

sr. member

Activity: 476

Merit: 250

Quote from: shtylman on September 21, 2012, 10:29:08 AM

Bitfloor has indeed resumed trading. My official statement on the matter is here:
https://plus.google.com/109620439233076225324/posts/bLJRDHApjSP

More generally https://blog.bitfloor.com will contain official updates.

If you have specific questions please contact [email protected] and I will gladly respond.

My thirty cents is still there. I'll be sending folks your way.

DigitalHermit

full member

Activity: 150

Merit: 100

Thank you! Thank you! ...

Quote from: shtylman on September 21, 2012, 10:29:08 AM

Bitfloor has indeed resumed trading. My official statement on the matter is here:
https://plus.google.com/109620439233076225324/posts/bLJRDHApjSP

More generally https://blog.bitfloor.com will contain official updates.

If you have specific questions please contact [email protected] and I will gladly respond.

Awesome! So glad to see you are back in business.

SkRRJyTC

legendary

Activity: 1008

Merit: 1000

Quote from: shtylman on September 21, 2012, 10:29:08 AM

Bitfloor has indeed resumed trading. My official statement on the matter is here:
https://plus.google.com/109620439233076225324/posts/bLJRDHApjSP

More generally https://blog.bitfloor.com will contain official updates.

If you have specific questions please contact [email protected] and I will gladly respond.

Any reasonable way for you to prove these claims? Or someway for users to verify these claims themselves (this would be even better)

..."In reopening, a number of improvements to both the wallet storage and website have been made. Bitfloor aims to be safe and reliable platform and as a result have changed our fund storage policy to 100% offline storage for your funds. Daily transactions through out hot wallet will be backed by Bitfloor funds, never putting client funds at risk."...

..."Bitfloor is now running on dedicated servers in a PCI compliant data center based in the US. Bitfloor services are further isolated based on exposure. Testnet and development are not located in the same data center or hosting provider to ensure further isolation. Backups are encrypted and write only on all of the servers. Hot wallet files are encrypted even further and unavailable even with physical access to the disk."...

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

woo hoo!

SgtSpike

legendary

Activity: 1400

Merit: 1005

The important bits:

Quote

Your balance as of the theft will remain on hold and be released in parts as we begin to recover funds to pay back balances. As funds are available for repayment, they will be dispersed on a pro-rated basis (i.e. if 5% of the funds are available for repayment then 5% of your original pre-theft balance will be unheld and immediately available for trading or withdrawal).

Quote

Bitcoin funds for repayment will be purchased using revenue from fees. This will ensure that as Bitfloor grows I am able to continue operation to recover the stolen funds over time. I am also pursuing investment from various parties to speed up the fund recovery process however felt that keeping the exchange closed for too long was only doing more damage.

That's satisfactory to me! Thanks for the update, and for working hard to keep the exchange alive and pay everyone back Roman!

BCB

vip

Activity: 1078

Merit: 1002

BCJ

shtylman

Good to hear. Good luck.

BitcoinForLiberty

newbie

Activity: 37

Merit: 0

Here's a quote from Roman from the Google plus blog:

"Your balance as of the theft will remain on hold and be released in parts as we begin to recover funds to pay back balances. As funds are available for repayment, they will be dispersed on a pro-rated basis (i.e. if 5% of the funds are available for repayment then 5% of your original pre-theft balance will be unheld and immediately available for trading or withdrawal)."

What percentage or portion of revenues will be allocated to BTC repayment?

LoweryCBS

sr. member

Activity: 364

Merit: 250

firstbits 1LoCBS

Rock on, dude.

You pull through this and you'll be a Bitcoin Hero!

Quote from: shtylman on September 21, 2012, 10:29:08 AM

Bitfloor has indeed resumed trading. My official statement on the matter is here:
https://plus.google.com/109620439233076225324/posts/bLJRDHApjSP

More generally https://blog.bitfloor.com will contain official updates.

If you have specific questions please contact [email protected] and I will gladly respond.

shtylman

sr. member

Activity: 243

Merit: 250

Bitfloor has indeed resumed trading. My official statement on the matter is here:
https://plus.google.com/109620439233076225324/posts/bLJRDHApjSP

More generally https://blog.bitfloor.com will contain official updates.

If you have specific questions please contact [email protected] and I will gladly respond.

BitcoinForLiberty

newbie

Activity: 37

Merit: 0

Just to be clear I can't yet verify that trades are happening, but there are bids and asks posted in the order book. I just transferred a small fraction of a BTC in to see if I can sell it as a test. Will report back when the funds clear.

jwzguy

hero member

Activity: 868

Merit: 1002

We just need to push to vol to 8 million and it will be taken care of. GO! TRADE LIKE THE WIND!

BitcoinForLiberty

newbie

Activity: 37

Merit: 0

I noticed bitfloor seems to be up and running fully this morning, with the exception being that BTC balances are on hold. I am surprised to see no info given by Roman about this change and would like an update from him. Is there a plan for paying back BTC balances that are currently on hold?

unclemantis

member

Activity: 98

Merit: 10

(:firstbits => "1mantis")

Quote from: Inaba on September 20, 2012, 01:39:20 PM

Roman has been at the Bitcoin Conference, that may have played a part in the delay. I don't know what's up between Monday and today though.

Although I have to say after talking to Roman this weekend in person, I'm much more comfortable with the whole situation. I'm not saying I like it or that there's excuses for a lack of security practices on the bitcoin hotwallet, but I certainly have absolutely no doubts about this being some sort of scam on his part.

I think if there's any way to salvage this properly, Roman will be working on it or trying to make it happen. Hopefully it will work out and he won't prove me wrong. Although I did want to call him Carrot Top a couple times, but I figured that would be rude

I kid... I kid...

I emailed support and he replied back. He just now processed it.

I am sure he is consumed with a lot of EXTRA duties.

All is well

Inaba

legendary

Activity: 1260

Merit: 1000

Roman has been at the Bitcoin Conference, that may have played a part in the delay. I don't know what's up between Monday and today though.

Although I have to say after talking to Roman this weekend in person, I'm much more comfortable with the whole situation. I'm not saying I like it or that there's excuses for a lack of security practices on the bitcoin hotwallet, but I am comfortable that it is not scam on his part.

I think if there's any way to salvage this properly, Roman will be working on it or trying to make it happen. Hopefully it will work out and he won't prove me wrong. Although I did want to call him Carrot Top a couple times, but I figured that would be rude

I kid... I kid...

unclemantis

member

Activity: 98

Merit: 10

(:firstbits => "1mantis")

I performed an ACH last week. That went fine. I performed an ACH this past Sunday and it has been 4 days. I just sent an email to support.

Joe200

sr. member

Activity: 317

Merit: 252

Hi guys,

I had an idea on how to help stop major thieves, like this one. The bitfloor thief has still not spent the coins, so there is still a chance to do something about it.

Here is the idea: https://bitcointalksearch.org/topic/proposal-to-help-stop-thieves-110749 Please comment!

tnx

Topic: bitfloor needs your help! - page 15. (Read 177467 times)