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Topic: Bitmit is Closing?? - page 2. (Read 22610 times)

legendary
Activity: 3038
Merit: 1032
RIP Mommy
October 28, 2012, 03:14:16 PM
"Two weeks!"
hero member
Activity: 756
Merit: 522
October 28, 2012, 04:25:35 AM
No, that really was no joke or stupid PR gag. But when one door closes another opens. I will publish details regarding our solution soon.

What's the definition of soon in this context?
legendary
Activity: 3038
Merit: 1032
RIP Mommy
October 27, 2012, 10:30:42 PM
Yes.
420
hero member
Activity: 756
Merit: 500
October 27, 2012, 07:26:23 PM
cash
https://www.bitmit.net/en/trade/i/8597-us-cash-20-usps-first-class-bubble-mailer-w-dcn-escrow

what is DCN?

tosaki,

It's a little  disingenuous to make a public announcement about the closing of your site, disappointing all of your user over what seemed to be a liked and much used service, then to come back and say "Oh wait, we've figured it out, we're not really closing - New at 10:00."

Bitfloor lost hundreds of thousand of dollars, shut down to deal with the security issues and never once mentioned closing and they are back in operation.

For the sake of transparency I think you  owe it to your user and the community in general to explain yourselves here.

Otherwise is looks like a publicity ploy at the expense of your users.



I second that
BCB
vip
Activity: 1078
Merit: 1002
BCJ
October 22, 2012, 03:38:35 PM
tosaki,

It's a little  disingenuous to make a public announcement about the closing of your site, disappointing all of your user over what seemed to be a liked and much used service, then to come back and say "Oh wait, we've figured it out, we're not really closing - New at 10:00."

Bitfloor lost hundreds of thousand of dollars, shut down to deal with the security issues and never once mentioned closing and they are back in operation.

For the sake of transparency I think you  owe it to your user and the community in general to explain yourselves here.

Otherwise is looks like a publicity ploy at the expense of your users.

sr. member
Activity: 401
Merit: 252
October 22, 2012, 02:54:28 PM
#99
It was stupid and not professional to announce the closure without figuring out the alternatives we have. As I already said we have a serious solution which will be a benefit for all of us. Informative details to this whole story and - for more transparency - background information about Bitmit will be published soon (bitcoin magazine, codinginmysleep.com).


Something fishy about this whole thing.  They playing us (or somebody)??

The only fishy thing on Bitmit might be this https://www.bitmit.net/zh-cn/trade/i/3022-fishnet-stockings-black  Wink


Thanks for your support
BCB
vip
Activity: 1078
Merit: 1002
BCJ
October 22, 2012, 12:24:12 PM
#98
Something fishy about this whole thing.  They playing us (or somebody)??
hero member
Activity: 675
Merit: 502
October 22, 2012, 11:11:35 AM
#97
OP should change the title.
hero member
Activity: 728
Merit: 500
In cryptography we trust
October 22, 2012, 08:58:47 AM
#96
Dear Bitmit,
I do have a question. What country are you operating from? And what were the acts prohibiting you?

Thank you

They operate from Hong Kong and the problem seems to be with escrow.
full member
Activity: 159
Merit: 100
October 22, 2012, 08:51:28 AM
#95
Dear Bitmit,
I do have a question. What country are you operating from? And what were the acts prohibiting you?

Thank you
legendary
Activity: 1015
Merit: 1001
October 22, 2012, 01:33:15 AM
#94
The whole thing looks fishy
legendary
Activity: 1540
Merit: 1029
October 21, 2012, 10:30:41 PM
#93
Nice, glad that bitmit is staying open. I really am interested to hear your solution.
sr. member
Activity: 277
Merit: 250
October 21, 2012, 02:55:08 PM
#92
No, that really was no joke or stupid PR gag. But when one door closes another opens. I will publish details regarding our solution soon.

Great news! You had us all worried. Roll Eyes
legendary
Activity: 1764
Merit: 1007
October 21, 2012, 02:48:48 PM
#91
Oh imagine if Silk Road was in the open. Wow.

they should do an open house day... just one day.  Cheesy
legendary
Activity: 1458
Merit: 1006
October 21, 2012, 10:39:13 AM
#90
In general: Because you're trying to do business, and doing business as a hidden service will immediately kill most of that business.

What would happen to the trade volume of ebay if ebay.com suddenly moved to ebay(...).onion?

Even SilkRoad would (I presume) explode with traffic if it was feasible to operate securely in the clear. (Which it is not.)

Going hidden has to be an strict necessity in order to outweigh the not-so-trivial inconvenience.

I already thought of this, but what's more inconvenient and detrimental to trade volume than getting shut down?

Exactly. (Go open AND get shut down, OR go hidden service and stay tiny.)

This scenario is the only scenario where a hidden-service-only business model is preferable to the alternative.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
October 21, 2012, 10:28:07 AM
#89
In general: Because you're trying to do business, and doing business as a hidden service will immediately kill most of that business.

What would happen to the trade volume of ebay if ebay.com suddenly moved to ebay(...).onion?

Even SilkRoad would (I presume) explode with traffic if it was feasible to operate securely in the clear. (Which it is not.)

Going hidden has to be an strict necessity in order to outweigh the not-so-trivial inconvenience.

I already thought of this, but what's more inconvenient and detrimental to trade volume than getting shut down?

Oh imagine if Silk Road was in the open. Wow.
legendary
Activity: 916
Merit: 1003
October 21, 2012, 09:55:11 AM
#88
In general: Because you're trying to do business, and doing business as a hidden service will immediately kill most of that business.

What would happen to the trade volume of ebay if ebay.com suddenly moved to ebay(...).onion?

Even SilkRoad would (I presume) explode with traffic if it was feasible to operate securely in the clear. (Which it is not.)

Going hidden has to be an strict necessity in order to outweigh the not-so-trivial inconvenience.

I already thought of this, but what's more inconvenient and detrimental to trade volume than getting shut down?
sr. member
Activity: 330
Merit: 397
October 21, 2012, 09:54:31 AM
#87
I'm curious.  Why operate a normal web site out in the open when you can just set up a Tor hidden service?

Just because there are sketchy sites on Tor doesn't mean your site has to be sketchy.  Operating a normal internet web site just opens yourself to all manner of regulatory (and law enforcement) interference even if you're not doing anything wrong.

Because voluntarily disclosing your physical identity and location to give people more recourse in case you turn out to be a fraud is a good way to immediately build trust.
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