Topic: bitfloor needs your help! - page 21. (Read 177459 times)

It's absolutely amazing to see that someone loses $200k+ through, at minimum, gross negligence, and this community rallies behind them and suggests they raise money through an IPO.  There is no sympathy to be had anytime these idiots get scammed.  I've never seen so many gullible marks gathered in one place. 

Did Mr. Bitfloor know about Bruce Wagner's mortgage fraud and pedophilia before or after appearing on his show?  If the answer is the former (and it's REALLY hard to believe he hadn't heard a thing about it), why would anyone dealing with BTC trust someone who willingly and enthusiastically promotes their business with a known scammer and pedophile? 

Automated multi-sig is the answer to this ... Gavin already outlined it in one of his blog posts.

Relevant comment from a newbie thread:

https://bitcointalksearch.org/topic/make-bitfloor-solvent-so-it-can-resume-operations-then-pay-back-losses-106234

Bitfloor status update - September 6, 2012 (https://bitcointalksearch.org/topic/bitfloor-status-update-september-6-2012-106251)

Something like a cheap netbook with Linux and a flash drive?

needs:



http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=320973579902 I didn't win it but at least the image is free

+1 and it is nice to read a positive post on here when this stuff happens.  It is what it is and in the end I hope something like this happens that is listed above.  I will say this at the end of the day either bitfloor will comeback or something like it will pop up to take its place.  Having just Mtgox (mainly I know there are other but) is just not an option.  I am not sure how they do things in Japan but I will say that for us U.S. folks bitfloor hit a solid home run and so we need something like that again.  (Just with better security ops )

There's definitely profit to be made by coming up with a way to keep coins that is both secure and easy to use (but not necessarily cheap or free!).

I've personally met Roman a number of times, and even worked with him on a project (thewalletlist.com). I have significant funds with bitfloor (mostly USD, 5 figures), and I'm not at all concerned that he's going to run off with any of it. Dunno if that helps reassure at all. I totally understand the suspicion -- it's easy to get frightened and let your imagination run wild when your money hangs in the balance.

Also knowing Roman, $250k is probably not all that much money to him. It seems totally counter to his interests for him to destroy his reputation in the bitcoin world for what amounts to a mediocre sum. On the other hand, he has a lot to gain by resolving this situation responsibly (and ideally, without bankruptcy) and earning a good chunk of reputation and trust. I'm convinced he will do so, enough so that I'd gladly take the "Roman is not a thief" side of a betting contract .

As far as the future...

It would be sad to see Bitfloor fold! It has a lot of good aspects, most notably it has far and away the best exchange technology platform. I'm talking about the matching engine design and algorithms and apis, not the security obviously. I say this having done automated trading with mtgox, campbx, virwox, and tradehill -- in my view bitfloor is a large step ahead of all of these.

On the other hand, an exchange is more than just a fast matching engine. It needs a whole supporting team; legal, banking, accounting, security, marketing etc. This may be the wakeup call Roman needs to see that Bitfloor may benefit from some help. I've long thought that a partnership where Roman handles the exchange technology, and others deal with other components, could produce something really robust and good. Whether that means hiring other people, selling out to another exchange, or just leasing technology/support to an exchange; I'm not sure.

For getting out of the immediate slump -- my favorite idea so far is for Roman to raise funds by selling preferred shares -- equity & debt -- to bring on small handful of investors (including yours truly . He should maintain more than 50% equity for sure, so the shares can be mostly debt with a smallish equity component. The debt should be countersigned by Roman personally and probably repay aggressively i.e. 100% of revenues until it's been fully repaid. With an arrangement like this I expect he can attract enough investors to make this just a bump in the road for Bitfloor.

They could yes.  But judging from history, the bitcoin community is more likely to roll over and take it.

This long with no reply or contact. Doesn't look good. Hope i'm wrong.

I agree about the USD. This theft had to do with BTC not USD. Please release my funds.

This is an unfortunate event. I really want to stay with Bitfloor. I want to offer any of my professional services pro-bono.

Bitfloor has potential. I am just personally upset about the USD thing. If it was BTC then it is out of my hands and I will have to wait. But it is USD and it is still in the form of USD and this is something I know I have some control about or I would not be doing as much bitching

Roman, I am on your side, I am just annoyed

Not shady enough...at this point, it's basically

Arr, I've got your coins!!

Why would someone pull an inside job like you are claiming if their real identity is publicly known? They could face harassment, physical threats, and legal issues. Especially with Bitcoin being used by such shady people.

I think the point here is that it stinks from the same direction, and assuming a scam it would make sense for him to get some pointers from his mentor, if he receives a cut or not.

I don't really think that matters at this point, given the track-record of other incidents, it's over and most likely there isn't any new info to be revealed at a later date.

Not as stupid as your "connections"....do you know how many people went on Bruce's show? Why don't you let the adults talk newb/sockie?

Border is your brain incapable of logic?

Why exactly would Roman need Bruce help to steal from his own server?  Even assuming he did this as an inside job (which I doubt) why exactly would he want to include Bruce and split the profit?  What exactly did Bruce bring to the table?  Did Bruce drive the getaway car?

I mean lets compare:
a) do it yourself:  $200K & no accomplices.
vs
b) include Bruce: $100K & an accomplice who would probably rat you out for $20 and a pack of menthols.

Hmm.  You sure cracked the case wide open Inspector!

So a guy with shady connections to a known scammer/pedophile "loses" everyone's money and your idea is that people should "invest" in him?  Holy fuck that's stupid. 

Man, when you're in such denial, you really deserve to be scammed (and scammed, and scammed, and scammed . . . bitcoin!).