I am not sure if many where even using them?
This is the most likely scenario. 
Topic: ButterCoin CLOSING (Read 468 times)
I am not sure if many where even using them? But most likely there was other reasons for closing the doors. I was signed up and had a account but never heard anything from them as far as emails and such.
Strange, they have received $1.3 mil VC and they says they were not able to secure enough of VC. Only 9 employees.
I do not think this is the reason for them closing down, maybe they were unable to cope with the competition.
I do not think this is the reason for them closing down, maybe they were unable to cope with the competition.
Whoah, where the hell did that money go? $1.3 mil funding? and then only 9 employees wtf. how much are they paying themself?
dude these investors dont question on their payroll? if I started a company, I would pay myself nothing the 1st year, until I got even profit.
that could have been one of the strings attached to the deal.
$1.3M could have been pure inventory, not anything for salaries, nothing for other expenses either, and on top of all of that they become a partner in the business but don't need to do any of the work.
$1.3M is about 5200 btc now you figure out how to move that around enough to make sure everyone can make a living off of it.
Strange, they have received $1.3 mil VC and they says they were not able to secure enough of VC. Only 9 employees.
I do not think this is the reason for them closing down, maybe they were unable to cope with the competition.
I do not think this is the reason for them closing down, maybe they were unable to cope with the competition.
Whoah, where the hell did that money go? $1.3 mil funding? and then only 9 employees wtf. how much are they paying themself?
dude these investors dont question on their payroll? if I started a company, I would pay myself nothing the 1st year, until I got even profit.
Strange, they have received $1.3 mil VC and they says they were not able to secure enough of VC. Only 9 employees.
I do not think this is the reason for them closing down, maybe they were unable to cope with the competition.
I do not think this is the reason for them closing down, maybe they were unable to cope with the competition.
I received the following email...
Farewell friends.
Buttercoin will be turning off our service on April 10th at 11PM Pacific.
Be sure to move your bitcoins to another service and remove your dollar balances by Friday April 10th at 11PM.
For reference...
Dollar balances not removed will be sent back to the accounts they came from.
Bitcoin balances in Buttercoin after April 10th will be converted to USD and sent to the bank linked to your account.
It’s been a wonderful ride and we're delighted to have created a service so many people enjoy. With the dip in bitcoin interest among Silicon Valley investors, we weren't able to generate enough venture capital interest to continue funding Buttercoin.
We remain 100% secure & solvent with all customer funds accounted for.
We started Buttercoin with the goal of creating secure and scalable bitcoin infrastructure the community could rely on. We committed to building a service with excellent Security, Technology, Liquidity and Compliance. We're proud to have delivered on our goal and commitments.
We wish you all the best and will be around personally if you have questions or just want to talk bitcoin. You can reach us via [email protected]. Our staff has always been humble, but are among the most talented in their fields and we're excited to see them go on and be leaders in their industries.
– Team Buttercoin
Farewell friends.
Buttercoin will be turning off our service on April 10th at 11PM Pacific.
Be sure to move your bitcoins to another service and remove your dollar balances by Friday April 10th at 11PM.
For reference...
Dollar balances not removed will be sent back to the accounts they came from.
Bitcoin balances in Buttercoin after April 10th will be converted to USD and sent to the bank linked to your account.
It’s been a wonderful ride and we're delighted to have created a service so many people enjoy. With the dip in bitcoin interest among Silicon Valley investors, we weren't able to generate enough venture capital interest to continue funding Buttercoin.
We remain 100% secure & solvent with all customer funds accounted for.
We started Buttercoin with the goal of creating secure and scalable bitcoin infrastructure the community could rely on. We committed to building a service with excellent Security, Technology, Liquidity and Compliance. We're proud to have delivered on our goal and commitments.
We wish you all the best and will be around personally if you have questions or just want to talk bitcoin. You can reach us via [email protected]. Our staff has always been humble, but are among the most talented in their fields and we're excited to see them go on and be leaders in their industries.
– Team Buttercoin
hate when this happens, wish they would have sold, but then again I would not want to see another Moolah mudding of a good name (Mintpal) occur.
I received the following email...
Farewell friends.
Buttercoin will be turning off our service on April 10th at 11PM Pacific.
Be sure to move your bitcoins to another service and remove your dollar balances by Friday April 10th at 11PM.
For reference...
Dollar balances not removed will be sent back to the accounts they came from.
Bitcoin balances in Buttercoin after April 10th will be converted to USD and sent to the bank linked to your account.
It’s been a wonderful ride and we're delighted to have created a service so many people enjoy. With the dip in bitcoin interest among Silicon Valley investors, we weren't able to generate enough venture capital interest to continue funding Buttercoin.
We remain 100% secure & solvent with all customer funds accounted for.
We started Buttercoin with the goal of creating secure and scalable bitcoin infrastructure the community could rely on. We committed to building a service with excellent Security, Technology, Liquidity and Compliance. We're proud to have delivered on our goal and commitments.
We wish you all the best and will be around personally if you have questions or just want to talk bitcoin. You can reach us via [email protected]. Our staff has always been humble, but are among the most talented in their fields and we're excited to see them go on and be leaders in their industries.
– Team Buttercoin
Farewell friends.
Buttercoin will be turning off our service on April 10th at 11PM Pacific.
Be sure to move your bitcoins to another service and remove your dollar balances by Friday April 10th at 11PM.
For reference...
Dollar balances not removed will be sent back to the accounts they came from.
Bitcoin balances in Buttercoin after April 10th will be converted to USD and sent to the bank linked to your account.
It’s been a wonderful ride and we're delighted to have created a service so many people enjoy. With the dip in bitcoin interest among Silicon Valley investors, we weren't able to generate enough venture capital interest to continue funding Buttercoin.
We remain 100% secure & solvent with all customer funds accounted for.
We started Buttercoin with the goal of creating secure and scalable bitcoin infrastructure the community could rely on. We committed to building a service with excellent Security, Technology, Liquidity and Compliance. We're proud to have delivered on our goal and commitments.
We wish you all the best and will be around personally if you have questions or just want to talk bitcoin. You can reach us via [email protected]. Our staff has always been humble, but are among the most talented in their fields and we're excited to see them go on and be leaders in their industries.
– Team Buttercoin
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