Author

Topic: Email from Intersango: Ceasing USD operations. (Read 1705 times)

member
Activity: 102
Merit: 10
Help me save Buddy!
October 28, 2013, 11:30:42 AM
#14

Hey dumbass everybody is getting their money back.


Everybody except this guy. This guy can just drop dead, can't he Patrick?




See "Buddy needs his bitcoins"
http://youtu.be/ZnfPH6zQbXo
hero member
Activity: 868
Merit: 1000
Before calling others a "Dumbass" please do some inner reflection.

I'm sorry, but I find the idea of Patrick calling people dumbasses in open court when called to give testimony in Cartmell et al highly amusing.  I'm sure it will impress the judge.  Everything he's ever posted here is discoverable - it would be fun to watch him being questioned about those posts.
vip
Activity: 1052
Merit: 1155
Hey dumbass everybody is getting their money back.

For those who don't know,  phantomcircuit is one of the Intersango and Bitcoinica owners.
Please note how he addresses his customers in the quote above.


phantomcircuit / Patrick Strateman,  when am I getting my money back?

You still owe me 23,290.6791 Bitcoins!
I've been waiting for months now,  and all I have received from you are:

1. Thinly veiled threats against my personal safety.
2. Personal Insults
3. Lies about myself and other respectable people in the Bitcoin community.
4. Your effort at every step, to block a easy solution for all of Bitcoinica's customers.

Before calling others a "Dumbass" please do some inner reflection.
full member
Activity: 222
Merit: 100
www.btcbuy.info
First tradehill, now intersango. Have to find yet another exchange. Guess I'll try cbx, they have the same dwolla transfer option that intersango did, and from what I heard not the week long waits that sometimes happen with mtgox.

I am eyeballing cbx for operations, but their TOS is ridiculous. If you actually read them, they are like: "we can do whatever we want, you can only do what we allow, and if we don't like you, we'll sue you and charge for lawyer fees"
full member
Activity: 200
Merit: 100
|Quantum|World's First Cloud Management Platform
First tradehill, now intersango. Have to find yet another exchange. Guess I'll try cbx, they have the same dwolla transfer option that intersango did, and from what I heard not the week long waits that sometimes happen with mtgox.
full member
Activity: 222
Merit: 100
www.btcbuy.info
Anyone here knows of the good, stable, trusted way of exchanging BTC for USD in volume? This week has been a bummer for me. BitFloor locked up, MtGox owes me thousands, haven't sent a penny for more than a week, and now Intersango. Admittedly not a heck of a platform, but better than nothing
hero member
Activity: 532
Merit: 500
And saying that people who say negative things are "defaming" them.

Like you needed help defaming yourself,
dumbass

Way to treat customers like the shit they are.

Yeah I really do wonder what the reason is for closing down the USD market (as opposed to closing down the whole operation, and implementing a hosed claim scheme)
legendary
Activity: 2198
Merit: 1311
They forgot to add, "Oh, and also, we're still making it difficult for people to get their bitcoinica funds back".
member
Activity: 112
Merit: 10
USD market too small or mtgox too large?
full member
Activity: 187
Merit: 100
Makes sense to pull out of markets where you're not making money.
sr. member
Activity: 463
Merit: 252
Im going a little off-topic here,

why don't they open an account with another GBP bank and start accepting deposits again..?

Closing now USD operations? I think they just got bankrupt like every other project their team puts their hands on.

Hey dumbass everybody is getting their money back.
hero member
Activity: 490
Merit: 500
Im going a little off-topic here,

why don't they open an account with another GBP bank and start accepting deposits again..?

Closing now USD operations? I think they just got bankrupt like every other project their team puts their hands on.
legendary
Activity: 1708
Merit: 1019
I wondered, too...   Maybe they just don't want to take the risk.
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
I just got the following email from Intersango:

------------------
Intersango's USD market will stop trading 2012-10-14 at approximately midnight UTC.

At this time we ask that persons with USD funds either place a withdrawal request or purchase bitcoins.

To facilitate persons wishing to purchase bitcoins Intersango has placed 625 BTC up for sale at 12.1 USD.

Unfortunately the USD market is simply too small to justify it's ongoing operation.
------------------

While I suspect they are right that their USD market is too small to justify, it's timing with the GLBSE stuff along with the ongoing SEC investigation makes one wonder if they have other reasons why they might want to get out of dealing in US dollars.
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