Topic: [Payout Updates] Bitcoinica site is taken offline for security investigation - page 25. (Read 156711 times)

Yes, I work for way below my pay bracket on Bitcoin stuff. Point is that I wouldn't be living like a pauper if I had scammed lots of money. You can check my entire history since 2003 on the internet, and you'll see that I've been working on Free/OpenSource software as a dayjob for 10 years. Those jobs pay far less than proprietary/normal commercial jobs and it's always a struggle. I've never been money oriented or concerned with earning money.

Don't believe what I'm saying? Then google my name 'Amir Taaki' or my nickname 'genjix'. Several times I was living as a squatter, homeless or living out of a backpack. All my programming history is on OpenSource projects.

Also there's many people who can say what my true character is like:

My CouchSurfing page: http://www.couchsurfing.org/people/genjix
Hackathon I organised: http://crystalspace3d.org/main/La_Fibra_hackfest_report (most of those people are on IRC)

Here's a picture from 2008, when I was still a leftist. I was always against greed, but at the time did not understand economics. That control of money is another form of fascism.



My other pics for anyone who wants to play detective: http://www.flickr.com/photos/genjix/

Here's some writing of mine before getting into Bitcoin: https://n-1.cc/pg/blog/read/44422/jb
https://n-1.cc/pg/blog/read/44421/fss

You can decide yourself whether I am a scammer. A scammer would not be posting here. Also if you read some of the forum posts, some people say they were answered by email that they are accurate, and some were told they were at the end of the queue. A scammer would tell everyone they are marked accurate.

Now it is slow, but the data is incredibly bad. But at the very worst, payouts will be completed within 2 months (or at least the large significant portion of them done). We only have the funds for the site. Mistakes that get made will cost people real money. Mistaken payments will not be refunded (hence the 50% first solution).

I'm inviting people to dug up dirt on me because there is none.


Show me the police report. I'd rather not give people's personal details in public.

You said that already, please stick with what you have proof of.

There was no hacker.  That's why they haven't involved any authorities.

Let's collectively pay Donald / Genjix something better than an old laptop to work on this.
Hire someone to feed and towel wash him while he's working on this 19h/24.
Hire mercenaries to hunt that hacker and recover that DB !!!

Sorry I lack imagination, but it's not like money's missing we're all loosing money every days that passes.  What's missing IMO is someone in charge giving a fuck.

I'm interested in having this.

Could you explain this further ?


Im under the impression this is a HUGE problem..

How will hiring help, not help ?

I think there is a sense of scale missing.  This is like paying 1000$ to fix a problem with 5 000 000$ in collateral damage.

Deepwater Horizon come to mind.

One thing is clear..


HIRE HELP!!!!!


I have to agree with a lot of what Loupgaroux is saying to a point..

Dont turn this into the first issue of bitcoin mag..  lol

I didn't scam anyone. Say how you expect people to be refunded without a database.

We're trying the best we can.


Point me to one question where I lied. I've been around all the time, posting answers to questions and answering emails. Also I give the full story as it happened in the OP. Your story is nothing more than a conspiracy theory.

As I said, if someone wants to sue then I'll provide my name and details for the police report. No one has taken that offer yet. We are happy to open our books to the relevant authorities. Tihan has also offered up his personal details. We have not acted maliciously once.

Currently I have 200 emails. A scammer would not bother answering and looking up people's claims for them. I also would not be using a crappy IBM Thinkpad T61 if I wasn't short on cash. Our conduct before Bitcoinica has been nothing but exemplary (point me to an occasion where it wasn't), and we've always operated with utmost honesty.

But I guess there is no other way to convince you otherwise, so it is a pointless discussion as you've already made up your mind.

@Transisto, I did say it was a slow process. And actual payouts only begun 2 weeks ago (see the OP). We had to sort out the legal issues with Tihan (who has legal control over the funds), create a claims system, organise all the data and start the process. This isn't something you do in 3 days, but 2 weeks. Consider that it 2 months of legal negotiation with Bitcoinica as to our role we would be taking, and when the hack happened, we we still completing the ownership transfer:

Less than 10% of the claims to a point of less than 50% is less than 5% of the total problem addressed. And you are concerned about "making mistakes"? You are still in the statistical deviation fussiness around the issue at 5%, you haven't even begun to fix the problem. At the speed your poor solitary trooper is struggling through this moral swamp of who is being honest and who isn't, who has a reputation or who doesn't, you should get around to beginning to look at refunding the UNDISPUTED US$ accounts sometime in August 2015. With another 3 years to resolve that cluster-fuck you might be out of this right around December 2019.

Nice work! Bravo for the effort! So glad the saviors came along to make this thing all better!

Considering that the base value of ALL underlying bitcoins that you are holding has increased by almost 55% since this theft began, you could comfortably pay out at this level for decades, stringing along the customers that you have scammed, and never touch the principal you hold. Hell, those thousands and thousands of US$ will be increasing at a steady rate too! What a clever routine you boys have worked up here.

I am amazed that anyone in this community still listens to a single word from you gangsters. There is absolutely nothing that you have done or said that is anything less than classic textbook scamming. You have lied in reaction to every question, you have mis-directed, re-directed or just fallen off the face of the earth whenever the heat gets turned up. Nobody knows yet who actually is responsible for this disaster, and you seem to pop out another name for the penultimate responsible party every other week, and yet there is always some murky uber-mensch who tells you all what to do based on ethical/moral/legal considerations, although nothing you do reflects anything like ethical, moral or legal behavior. Amazing.

It's a wonder that you don't have the villagers clamoring for a lynching right now, but I guess the promise of a few miserable pennies on the dollar sometime in the next decade is enough to mollify your victims. Sad. Truly sad that polished scammers like this whole set-up flourish here. If there is anything that will kill off bitcoin as a concept- it is the thieving bastards like Bitcoinica. I don't believe for a second that there was any kind of hack here, this stinks like a set-up to pull a huge amount of capital out of the "market" sit on it and make gains while everyone runs around like chickens with their heads cut off, throw your little programmer Zhou off the Island and steal his work, while turning him into a pariah in the community, so that you can paint yourselves as White Knights.

You sicken me.

This is a previously written post I had decided to keep for myself,: Ok so you've processed ~10% of claims to 50% accuracy in ~50 days.

Now learning, There is ONE GUY , Who process claims ?...  50 has been paid in 50 days and you're satisfied ?

How can anyone expect getting back more than 50% of his fund before 2017 ?
Thanks for the honest update, it fell good to have some realistic expectation.

Sorry about the email.

@ssaCEO, I don't have a way to search for USD payments but I see at least 2 people with their USD payments paid back. I assume there's more. However USD payments are slower since Donald doesn't have direct access to them (goes through a second person).

Genjix, have any payments gone out yet to USD holders? (i.e. I put a bank that accepts checks for me as the best method for payout)

Lol, it looks like he swapped the words around by accident. It should be [email protected], not [email protected].

Am I just being dim?

If you email [email protected] then I can tell you.

So far ~50 people have been paid out. Around 4x as many people are marked accurate. Right now, I think people marked as accurate will be paid back first. If you aren't in that category then you'll have to wait until after they're paid, at which point a new batch of people will be marked with accurate status. And so on, until 50% payouts have been done.

Originally me and Tihan marked a bunch of people as accurate based on our assessment of character. This is how Zhou wanted to pay people back quickly (just by deciding who is notable and who isn't). However Donald, who's largely taken the initiative on the payments prefers to do them completely based the numbers. As he's taken charge of it, I prefer to respect his decision on that. So people who send us emails like "I'm so trusted in the community" - that really does not have much bearing (for now).

The claims are making good progress. It's expected to be slow but I'm satisfied and don't want Donald to rush the process / make mistakes. That would be the worst thing ever as we only have the exact funds from the site.

Activity on that address have accelerated the last few days, but there aren't any other users claiming to have received their initial 50% lately. Where are all the reassuring success reports?

If you have done the PW thing and it disappears it was right.  You only got an error if it was wrong.  I would assume yours is marked accurate, although I went through the same process and mine was NOT because I used the wrong E-Mail address to identify with.

I would contact Genjix (although he may have stated he is done doing these things?).  I know the process is irritating, but like I said so far, even though I have not received my 50% yet, Genjix was helpful when I needed assistance.  I would re-read through the last 5 pages of this thread again if I was you just to make sure what I am saying is totally accurate.

Hey dancingnancy, to answer your question yes I did save the E-Mail I got after I submitted my claim.

Its just that I don't know if I filled in the claim accurately enough and used the right email for my bitcoinica account.  I have also submitted my password for them which was added to my claim about 1-2 weeks ago.  The password filled then disappeared.

So now i'm left with 3 issues.
1) I don't know if I submitted the right login for my account?
2) I cant tell if I put in the right password?
3) How do you tell if you claim has been marked as accurate?

Did you save the information, or weblink, that you got to your E-Mail after you submitted your claim?

You should have also have submitted your PW in another E-Mail that came about 1-2 weeks ago..?  If not, just go to the link that they gave you when you originally submitted your claim. 

I have to admit that Genjix/Amir was quite helpful with my claim to mark it accurate.  I personally forgot the login E-Mail address I used when I originally signed up.  He was patient with me and finally I remembered which one I used.  My claim was then marked accurate a few weeks ago (or so..) but I have yet to receive half my money as well. 

I have NOT sent any E-Mail to bitcoinica.reimburse just because my claim was previously marked accurate.  I am following through to this w/the best of my knowledge.  Let me know if I have misunderstood your problem.

I would be willing to send in additional information if it is found that I need to do so.  But at this time I have heard no response as to if my account is marked accurate or not.

Its been like 3 months and the longer you guys wait the more I forget about what was even in my account.  This only makes it harder for me to verify that i'm the owner of my account.

I also don't see how sending in my id and passport will help because when I originally signed up I never had to submit such things?

I have proof of all the withdraws and deposits to my bitcoinica account via the blockchain, mt.gox, and bitcoinica email notifications is this not proof enough?

I don't think anyone has even looked at my account but I can proof to you its my account by logging into it?  No one would have my password but me and its 14 digits long so I doubt that someone cracked it.  I used upper case, lower case letters, numbers, and symbols.

I am confused about whether my username is the one I picked for bitcoinica or is it my email address because its been so long I don't remember?