Topic: [Payout Updates] Bitcoinica site is taken offline for security investigation - page 47. (Read 156693 times)

You hold our money hostage for a month and now you propose to liquidate almost a dollar than the current price.

OH HELL NO.

They dont know who has what.... But they know enoght to liquidate you based on "exact math"

whats going on here?

In the grand scheme of things I could give a shit where my open positions were liquidated.  I just want my bitcoins back.  Rather have that than wait around any longer.

Well, that does it. None of us will be getting our money for 5-10 years, since lawyers will get involved for sure now.

This for longs (like me) is bullshit ...

Positions will be liquidated around 5 +/- 0.1 depending on the exact math (a close price that's a suitable middle ground between longs and shorts).

Yeah, you don't NEED a phone number except for the setup I believe. I remember seeing an option to change the number or remove it.

this would have been a very good idea six weeks ago...  

I would like to use it, but is there any way to get around the phone number requirement? I don't need Google to have that.

You should do much more than that. Multiple and frequent offline backups, to begging with...

I don't think most people use that, unfortunately.

Your mail doesn't have 2 factor authentication via google authenticator?

Or maybe we should all be more careful with our bitcoins and not be so hasty to centralize them, especially in risky startups.

I had 64 btc in bitcoinica, made just one single long position and cleared it again, (got me a loss of 0.04 btc,   )
So then I decided to let the btd in Storage to earn some interest, so I got 64.01 btc again...

All this without having to give any documents about me to bitcoinica.
then bitcoinica went offline...

and now all customers who are trying just to get back what they had in there are painfully treated with:
- no conversation
- some very unspecified legal issues
- the general suspect of making fraudulent claims
- maybe the need of giving ID authentications and further documents
- vague announcements about the verification-processes of claims
etc...

In return we didn't get informations about who at the moment leads the process to solve the situation,
who exactly is CEO or owner of bitcoinica,
who makes the decisions about the veryfication-of-claims-process,
when the payout process will start,
how open positions will be handled,

Wasn't it the published statement that bitcoinica after the sale will be or is the most serious and most legitimated bitcoin business at all?
I really hope other businesses care more about cloud-security, backups, account an password security for thier customer accounts and general communications... or will do in future...
The bitcoin-economy is really in it's childhood-days I suppose, but I hope it will learn fast!

Bitcoinica was pitily an example for "HOW (not) TO DO"

I'm curious when the desaster will be solved at all, but I also think that most of the related peaple do their very best, even if they have to do it with piles of paper with long columns of "hard to read" transactions...

maybe the classical "paper based" business model of the past had some advantages over the modern and "just in time" cloud?

(no, I dont't want to turn back the clock to Typewriters-Times...)

I have faith and know that is a matter of time but this is stressful

I suppose we request identification documents and more data to support the ownership of the account ..

The question is.... What happens to the people that didnt have a hash?

Genjix (One of the Bitcoinica guys working on the claims process) mentioned they only have a random sample of users password hashes:

chill, we all are. they are bad at handling PR.

I have my pass written on a paper in my wallet so i know its correct. No reply to my last email i sent to them. WTF is going on? As patient as I normally am, I am getting pissed!