Topic: Tradehill or tradehell? (Read 3409 times)

Looks like I must own a piece of mtgox, cryptoxchange, exchb, etc. as well.  Also, looks like Ron Paul's going to offer me a cabinet-level post in his govt.

Hi,

I am still waiting for my funds to be returned by Tradehill / Jered Kenna. I have sent emails multiple times. Jered himself confirmed my account balance and requested a BTC address so he could send the funds. The funds were never sent. This was 6 months ago. Has anyone heard from him or received funds recently?


Thanks

Jered you should hire a few more people to help you with all the e-mails if you get so many. Good luck!

I think this is a good reason not to put all your eggs in one basket-case exchange.  I have had good experience with CryptoXChange and I would suggest people to use multiple exchanges to minimize the chance that you get burned.

Well, I do not think Tradehill and Jered are like the MyBitcoin scam. I think Jered just bit off more than he can chew. I think the problem is the current banking system.

The financial industry is one of the most heavily regulated and a supreme pain in the ass. This opens up a lot of opportunity for an entrepreneur because of the inefficiency. If I were running an exchange I would have tons of different bank accounts setup, with lots of different banks both national and regional, with lots of different New Mexico LLCs to prevent any of these liquidity types of issues. If anything Jered should have had lots of redundancy built into his system where he could plug-n-play many different bank accounts and had lots of bank accounts opened and ready.

But if you think this is a liquidity issue just wait until things like the new FACTA legislation gets put into place. Then come the currency controls. You think you have liquidity problems now, just wait.

Of course, the more then governments get involved the more inefficient the market gets which opens opportunity for entrepreneurs like Jered.

I hope your avatar is your face.  If so, I'm sure you can get money easily elsewhere.

I really feel for you Dinkytoyz.  That is a tough spot to be in.  Jered is crossing a lot of people, and some of them might be extremely angry.  Words on a forum are one thing, but seriously he needs to watch his back.  Not everyone in bitcoinworld is a regular Joe with a nice family.  I just can't figure out why he wants to put himself in this position. 

If only I could do the same, but my money is all stuck in the wiretransfer so I cant even buy BTC.

Call Jered what you will but I call him a liar and a thief.  I got out today by doing multiple bitcoin withdrawals of less than 80 coins each and took some of them to Crypto X Change in Australia. 

I am baffled that people will stand up for Jered.  And actually, it has recently come to my attention that one of his ardent supporters actually owned a piece of the company.  So be very skeptical of people who come on these threads and say that Jered is anything other than the lying scum that he is.

Assume OP was told to expect payment within a week. That's two weeks of "delayed" money. I charge 104% principal for 14D loans. Maybe it can't be called "stealing," but harm is definitely being done by TH. Hopefully, they'll be generous in compensating users for their losses.

No, I can not take my business elsewhere.  My money is tied up and has been for over three weeks. 

No answers, no emails, nothing.  Looks like the money is gone- why else would you run and hide?

No money, no answers- just bullshit. 

Hi, my name is Jered Kenna and I am bullshit.

The same problem:(
No money:(

im chilean.. and my withdraw more the 2 week..  about in usd.. mmm 500.. ..maybe little more..

i can wait.. this week..  see..

Dovewing it looks like when Jered said that they would be sent the 17th that was not true.  I have been waiting for my money since the 29th and nothing.  Jered has stopped replying to emails now. 

dont mean to divert the attention but - when are the checks started being send out again? I'm curious since I had requested one sent to me since dec 30 ...

Thank you for the kind words Antares.

I was also really sorry to see exchangebitcoins go. I've been involved with Bitcoin since pretty close to the beginning and want to see it succeed because I believe in it and always have. It's already done 1000x what I expected a year and a half ago but has a long ways to go. Seeing a good company like EB shut down is tough but it was nice to see a professional company rise and then close their doors and return all their client funds and act as somewhat of an "anti mybitcoin". I've stayed in touch with EB and would really like to see them come back in some regard. Personally what impressed me most was how seriously they looked in to Dwolla chargebacks when we made our announcement and when they noticed they were also being defrauded acted immediately and shut off Dwolla.

Regarding banks I would really like to find one that works for us. Unfortunately almost all of our time goes to banking. We're not a large company that's allowed to bend (break) or write the rules, so we have to play nice. Essentially we're at the mercy of the banks which is exactly what Bitcoin is trying to avoid. Ideally some type of decentralized exchange or networks of local exchanges will grow and I can happily shut down trading on TradeHill knowing a better solution than a centralized exchange exists and move on to other Bitcoin projects.

Until that point we're going to have to occupy the uncomfortable space between conventional finance and Bitcoin. We sincerely appreciate all the positive feedback, patience and support from the community. If it weren't for the community we wouldn't be able to continue working 7 days a week without paying ourselves.

Regards,
Jered Kenna

Jered is working with me now so hopefully this will all get resolved with little more fanfare.  I was not impressed with MtGox, but exchangebitcoins.com was superb.  I was sorry to see them go.  Still, Tradehill has the potential to be the go-to exchange if they work out the kinks. 

This thing with the banks is irritating as hell.  We all know that in business you have to "do what you say, and say what you do"- but when people upstream are not honoring their commitments it makes it hard.  Hopefully Jered will find a bank with integrity.

I had my trouble with them this year, too, however they silently resolved the issue yesterday.

Still, compared to mtgox they are better by lightyears!
Mtgox limited my account midnovermber withholding a couple thousand dollars from me, I immediately sent the verification crap, and today I finally got verified. So, if it's tradehill or gox, I sure as hell prefer tradehill.