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Topic: Possible Escrow Bankruptcy Case - page 2. (Read 3335 times)

legendary
Activity: 980
Merit: 1020
August 01, 2011, 07:16:02 PM
#7
I am going to ahead with the bankruptcy process.

I think the largest debtor I have is SmokeTooMuch.

I PMed him.
legendary
Activity: 980
Merit: 1020
July 31, 2011, 07:48:03 PM
#6
I am going to ahead with the bankruptcy process.

I think the largest debtor I have is SmokeTooMuch.
legendary
Activity: 980
Merit: 1020
July 31, 2011, 11:24:23 AM
#5
If mybitcoin really ran off, that person behind would've netted like 10k+ dollars of bitcoins  Angry

The only thing I can do is beg for forgiveness from donors so that I will not be saddled with a 10K debt.
legendary
Activity: 1288
Merit: 1227
Away on an extended break
July 30, 2011, 11:52:29 PM
#4
If mybitcoin really ran off, that person behind would've netted like 10k+ dollars of bitcoins  Angry
legendary
Activity: 980
Merit: 1020
July 30, 2011, 11:59:33 AM
#3
That sucks. Sad Anyway of getting hold the mybitcoin guy?

No clues, and everyone is complaining about mybitcoin.
legendary
Activity: 1288
Merit: 1227
Away on an extended break
July 30, 2011, 09:34:57 AM
#2
That sucks. Sad Anyway of getting hold the mybitcoin guy?
legendary
Activity: 980
Merit: 1020
July 30, 2011, 09:20:48 AM
#1
I might have lost 600 BTC if mybitcoin service went down and never come back up. The 600 BTC I am holding were used for the cause of convincing CCC which went nowhere as their communication sucks. They were tried to be donated to the GIMP campaign but that campaign die out due to my lack of interest.

Eventually, I will list all the forum members who had donated to me as an escrow. They can either decide to forgive my debt or negotiate with me for a repayment.(Hopefully collectively with other users)

I am an employed programmer (at 10 dollars an hours cause I am still very junior), so be very reasonable, especially in a deflationary economy.

Should the mybitcoin service come back up, I will begin the process of refunding the escrow money should donors ask for it.


BUT! I have plan for it too. I wish to establish an Bitcoin X-prize foundation. (Not registered by the gubernment or anything) that award prizes for important achievement for the bitcoin economy and community. In addition to the initial money used to established the foundation, there will be paying members who help increase the prize pot as well vote for projects they want to see funded and serve as judges as to if a prize will be awarded. The X-prize will be used to incentivize economic development in much the same way bounties does in the past but with more certainty to the process and bigger capital.

If there are interest from donors, I will also reserve their escrow money for it and I will pay 5 USD worth of BTC to help chip in for the development cost. Also, I would like to transfer the escrow money for the X-prize to someone trustworthy as determined by donors.


Anyway, I will try to get money out of mybitcoin should it come back up as I don't trust the service anymore.
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