Bitcoin Forum

Did all the prior customers get paid back then?  I remember hearing complaints a while back of people who had still not received their funds after months and months...

Also, how'd the Dwolla lawsuit turn out?

Glad to see more competition in the exchange arena!

Did all the prior customers get paid back then?  I remember hearing complaints a while back of people who had still not received their funds after months and months...

Also, how'd the Dwolla lawsuit turn out?

Glad to see more competition in the exchange arena!

The ability to add dollars to a trading account via ACH push is something that no service offers yet. Will Tradehill be able to add this?

Welcome back.

Will Tradehill support other crypto-currencies in the near future?

Did you get your money back from Dwolla yet?

I've got funds and I'm using them to make people whole.

Am I reading that right, we need $10,000 to open an account?

Gonna be on http://bitcoincharts.com/markets/ again? :)

I tried logging in with my old account, but it seems you started anew... :'(

As I don't plan on exchanging a few thousand USD anytime soon I guess I can just watch you from afar and wish you the best.

My body is ready.

if I read this right, you're only doing USD, no other currencies?

can you publish API documentation for trading, please?

Competition: Much needed, if one exchange does most of the volume then we're not very decentralized.
I've always enjoyed Bitcoin competition, nothing else like it.

We would like to. ACH is so reversible that it's understandable why no one in Bitcoin wants to use it.

Ah, seeing JoelKatz reminds me... any plans on also acting as a Ripple gateway, similar to BitStamp?

Welcome back!

Any chance CLP will be among your currencies?

Welcome back!  I didn't see it posted yet, but were account balances/history from pre-shutdown saved?  Ie, could I get my account history from before the shutdown?  Should I send an email to the same address that is used for receiving balances?

Provided you have reimbursed everybody in BTC and US$, welcome back.

I believe Coinbase offers it successfully.

Oh man, I missed you guys. Tradehill was always my preferred exchange, and my trust for Jered went WAY up when they closed down and refunded ALL the money. No way Mtgox could do that, IMHO.

Welcome back!

Are you guys going to be at the bitcoin conference in May?

What is your definintion of an "accredited investor"?  I am familiar with the SEC's definition, but it seems really restrictive for the bitcoin crowd, SEC definition copied below:

1. a bank, insurance company, registered investment company, business development company, or small business investment company;

2. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;

3. a charitable organization, corporation, or partnership with assets exceeding $5 million;

4. a director, executive officer, or general partner of the company selling the securities;

5. a business in which all the equity owners are accredited investors;

6. a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;

7. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or

8. a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.

Welcome back Jered! Dealing with your exchange was always pleasant.

Can you elaborate a little on what your goals are with Prime? B2B is a little vague, as many small businesses have less BTC traffic than a hobbyist daytrader.

Jared,

you had a great exchange and I am glad you are back BUT I still need access to my old bitcoin address at the old tradehill...
I am User 472 on the bitcoin pyramid wich was a tradehill acount address... ( I stupidly used you as a wallet )
User 472 is the top earner at that site and you are still getting the cashing and are spending it... Can I please have it back?
I was kbroadfoot there and the address was 1JLqki98QMmP9kcv9CAuaJ8XMg4LSuNXf1

Can I have THAT particular address back for you new relaunch at least? The pyramid will not let me change payout addresses.

Thanks in Advance...

( My mom also had the same situation at obroadfoot ) please help us both...

Businesses and accredited investors can apply to join Prime starting today.
After the user's identity is verified, every client will receive a $75 credit to
test trading. Clients will be invited to fully activate their account with a
deposit of at least $10,000 USD, 200 bitcoins, or $5,000 in Mt. Gox codes.

March 18, 2013

San Francisco, CA - Tradehill, the first American Bitcoin Exchange, relaunched
today.

...

I was a member of the original Tradehill and did most of my trading there until you closed.  It looks like you are not working with smaller accounts at this time, am I reading this correctly?

It's a pleasant surprise to see you guys back!

I have to take exception in two ways to this statement.  My understanding was that ~weex's thing was the first American exchange.  Also, I signed up for Tradehill-I back in the day because I thought it was Chilean.

---

For newer readers:  When Tradehill shut down I had somewhere in the $1500 range USD in my account...waiting for a drop under $2/BTC which never came...yet.  Tradehill dutifully cut me a check in a timely manner with no fuss and no BS about needing to send additional documentation.  I decided that if the opportunity came along again I would do business with them, and am delighted that I may be able to do so.

A couple of questions.  You're talking about offering a "product" to "accredited investors".  Does this mean you're adopting the stance that Bitcoin is a security?

Also, it might be worth outlining here the process customers will need to go through to verify that they meet the "accredited investor" criteria.

As USD MtGox codes can't be generated after April, will you be accepting MtGox codes for other currencies as long as their value is over USD 5,000?

1. a bank, insurance company, registered investment company, business development company, or small business investment company;

2. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;

3. a charitable organization, corporation, or partnership with assets exceeding $5 million;

4. a director, executive officer, or general partner of the company selling the securities;

5. a business in which all the equity owners are accredited investors;

6. a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;

7. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or

8. a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.

This is the criteria to meet:

Basically, only open to rich people?

Very nice, looking forward to seeing LTC :)

Can't find any info on the public API. Do you guys have one already?

What about bitcoin.com? Is it still part of your business plan?

A couple of questions.  You're talking about offering a "product" to "accredited investors".  Does this mean you're adopting the stance that Bitcoin is a security?

Also, it might be worth outlining here the process customers will need to go through to verify that they meet the "accredited investor" criteria.

As USD MtGox codes can't be generated after April, will you be accepting MtGox codes for other currencies as long as their value is over USD 5,000?

50.49 bid, 50 offer?  How soon can I sign up?

Jered, how will the latest guidance from FinCEN affect your plans?  While limiting participation to accredited investors overcomes risks associated with offering unregulated securities, the FinCEN guidance statement makes pretty clear that Bitcoin exchanges operating within the US will be regarded as both exchangers and money transmitters and subject to the regulatory requirements which apply to those types of financial services providers.  This obviously imposes a significant financial and administrative burden on any US exchange as neither licensing nor compliance are cheap.  Is Prime in a position to meet those additional burdens?

Paying back:  Most of the clients have been paid back. If you haven't gotten paid back send an email to claim@tradehill.com
I still get people that simply hadn't checked it in a year etc  I've got funds and I'm using them to make people whole.

The U.S. has different roles for accredited investors (rich people). I don't like it but the lawyers are saying at this point we need to do it this way.
We're working on an alternative and will announce that as soon as we have it ready.

I think probably I have some bitcoins and some NMC coins on tradehill platform, so I am wondering whether I can get them back.

I'm one of your former clients who had a small amount of USD left in my account when you closed.
I can't remember the exact amount but it was less than $100. Still, I would like to have it back.

Do you still have details of my former account?
All the info I have is my account login and password.

My advice is, do not use tradehill they are scammer imo.

It's actually kinda dumb to scam relatively rich people, and as the thread indicates, these folks are the highest priority for the re-boot of Tradehill.  Many people with real money tend to have the potential to achieve what they want to achieve (else they would not have gotten rich) and also have the resources to deploy in various efforts.  Besides, if one manages to obtain a portion of the high-end market share in the Bitcoin exchange space at this time, one could possibly do pretty well being on the up-and-up.

But I'd be interested to hear the basis of 'yo'.  If you have an interesting one at least.

What about liquidity. Cutting off the small players from the set go seems a little bit of a risky way to get started again. Or perhaps not - at least heavy marketing is needed to achive liquidity on such an exchange.

Would it not be better to run two exchanges then, with one for the 'normal folks', then another one that feeds off the liquidity of the first exchange, but has extra premium customer service/brokers that I guess rich people like to have ?

I'm on the fence, but leaning toward you all. What's paramount is that all those who are owed money from the past get paid.

Good luck, guys.

~Bruno K~

...


We'll take a good look at it and make a decision before too long.
We spent a lot of time preparing for this from a legal / tech perspective so we'll be able to add features quickly.

...

Jered

Trid to sign up but I received the message: "We were not able to create your account."

What are your requirements for a business? Is being registered as an LLC enough?

What are your requirements for a business? Is being registered as an LLC enough?

No. All the equity owners must be accredited investors, the business must be an investment company, or assets have to exceed $5 million. Here's a link to the rules: http://www.sec.gov/answers/accred.htm

My advice is, do not use tradehill they are scammer imo.

Huh?

TradeHill paid back every single one of their account holders when they shut down.

For balance claims on the original Tradehill please email: claim@tradehill.com

No they didn't.  Read the OP.

Huh?

TradeHill paid back every single one of their account holders when they shut down.

To be perfectly clear: Jared Kenna lied about Dwolla, ran off with a lot of money, used that money to build some real estate development (in partnership with a different set of scammers, the Jonathan Ryan Owens, Alberto Armandi, Meni Rosenfeld troop), is now back like any scammer ever trying to dig himself out of the hole with incredible cheek and pennies on the Bitcoin.

I'm not faulting anyone.  Just pointing how the statement "TradeHill paid back every single one of their account holders when they shut down." was incorrect.  :)

I don't get the johnny-come-lately trolls coming out to slander Tradehill.

I used them before they closed down, and I never had any problems. If it were a scam, I would've been hit on the trades I made.

That never happened. As for allegations about running away with funds, dogs and cats sleeping together and other rantings -- my experience doesn't mirror this creative fiction.

Glad you guys are back.

For one, I have no idea where you get off with the "come lately" and "troll" bullshit, but you need to check yourself. I don't recall you having said anything useful at any point, of which a good example would be calling out the pirate scam (which, incidentally, a bunch of "come earlies" were supporting like it was their family, and which incidentally I called, nobody else).

For the other, just because they stole from the unknowns and paid out their friends (same model as Hash King, Amazingrando etc) and generally influential people does NOT make them legitimate. It makes them the exact opposite of legitimate, and for that matter this is a wide open scam model (collect money from everyone, pay out the big dogs, walk away). Participating in something like that is not only immoral, not only very damaging to Bitcoin, but moreover I hope will land you in jail, which is where this sort of crap belongs.

For that matter, Jared has to come up with the results of his alleged dwolla lawsuit which magically disappeared, not with more schmoozing.

I don't think this can be said enough times: associating with scammers will fuck you over. It has happened a million times on this forum already, it never seems like it's going to be the case this time, bla bla bla. It always is the case. Just don't.

I'm glad you're admitting you troll, that is the first step towards getting some kind of help. (Maybe.)

As for not calling out Pirate - There were plenty in that particular dogpile of a financial scam saying that he was a fraud. I steered clear because I knew it was too good to be true.

As for Tradehill - I know what their service is, and what it has done for me. I don't need your particular flavor of creative history to make that determination.

If you don't like them, fine - go back to playing Satoshi Dice with the rest of the muppets.

As for not calling out Pirate - There were plenty in that particular dogpile of a financial scam saying that he was a fraud. I steered clear because I knew it was too good to be true.

I think it's possible that the PR person for "Mircea Popescu's Options Emporium" might consider Tradehill a potential competitor. Perhaps MPOE was hoping to start offering a similar set of services.

I have personally spoken to Jered many times, by email, over the phone, and via other channels, and he's in a very short list of bitcoin businesspeople I trust. Michael Hendrix is also on that list, and . . . that is it. They both have the unique distinction of having run a big bitcoin business, handling lots of money, and then closing it down without an implosion. Very very few have done that.

What about the people to whom Tradehill still owe BTC?

Fuckwit, learn to read. Then learn to comprehend what you've read.

Hit a nerve, did I?

Contact:

Tradehill's site can be found at http://www.tradehill.com.

 For press inquiries, contact:


Contact Info: Tradehill
              2415 Mission Street
              San Francisco, CA 94110
              (415) 800-1400
press@tradehill.com

For balance claims on the original Tradehill please email: claim@tradehill.com

My favorite exchange is back!

I have sent a email regarding my BTC from my old account and I have not heard anything back.


Can someone help me?

Good luck getting in.  I was unwilling to claim over $1M in net worth and only have around 1000 BTC (that I wish to dump in the near->mid term) and they would not even return my application to become a member.

Further up this thread you'll notice that Joel dug up documentation saying that an 'accredited investor' means $5M in net worth.

I notice that Coinlab achieved the hurdle of getting 'two important customers' migrated three weeks ago and have been resting on their laurels since.

So it could be that for the rest of us it's a matter of taking our chances with the non-aligned flake-o exchanges or exploring alternate means of trade.  Bitcoin is definitely moving toward it's destiny as a rich person's toy faster than I even theorized it would.

This was a scam. You not being taken in - for whatever reason - is a blessing you should be thankful for.

I say was because it's pretty much defunct by now. Good for whoever was quick on the ball and made claims here in the early few days when they still thought they could stem the tide - a little BTC back from a scammer beats no BTC back at all I would guess.

Almost all of my BTC came through Tradehill-I where I had very few problems and none of them of a dishonest nature.  When they shut down they pro-actively made me whole.  I cannot speak for others, but in my personal experience Tradehill-I showed no sign of anything but the highest level of professionalism and integrity.

I'll reserved judgement on whether Tradehill-II is a scam or not, and I have more reliable means of ascertaining this than an MPOE-PR assertion on bitcointalk.org.

As butt-hurt as I may be about being excluded, I can see a very clear business logic behind targeting 'accredited investors' at this point in time.

I am still waiting. It's been 4 days since they told me that they would follow up with claims, but no response so far. What should be a quick and easy process has taken 10+ months so far. I seriously get the feeling that they don't care as my deposit was a smaller one.

I am going to try calling them next. There are a few phone numbers that I have gathered. I just need to check the local time in California.

I have been trying for quite a while to get a response to my claim request.  I have tried sending private messages, multiple e-mails etc.  I'll keep trying but. . . obviously. . . it would be nice to be one of the few that can claim no have had a good experience recovering lost funds/bitcoin through the old TradeHill site.   :'(

Call them, get in touch - if the coins are then not paid out, let the community know it.

Still have yet to receive any response from them.  Nobody is answering at the phone number listed.

Anyone know if they are really trading at $130 right now? If so then some of us need to gather up our funds and register as a small investment company to register and rape them with the exchange because there is some arbitrage to be had.

Right, right. Just like all the people waiting for their money back in this thread "raped" them.

I do hope they do the right thing and pay back those that they owe.

But on another note, why is your ignore button gold?

It's funny when people with no shred of a reputation (https://bitcointalk.org/index.php?topic=101902.msg1132132#msg1132132) are discussing the reputations of others.


Basically the whole story here is this: back in the days of the Global Scam Exchange (http://polimedia.us/dtng/c/src/134654389322.png), an assortment of scammers and idiots which I won't bother to name were very happy because a) they got to act as if they actually were investors, bankers and so forth and b) they made BTC. Bona fide investors were not at all happy, because they lost oodles of BTC. The conversion process used is particularly ineffective, for every Bitcoin scammed from investors people like Meni Rosenfeld, Kludge, or Patrick Harnett made maybe a cent or less. Some people did make a decent fraction, some still mine to this day on the farms their dupes bought them.

Then MPEx came to the scene, and the gravy train abruptly halted on all scores. Not only did the various scammers get to be called out and quite publicly at that, not only did dysfunctional "business models" get laughed out of town, not only are the idiots under the daily pressure of being called idiots, with ample and incontrovertible documentation of every move they make, but - worst pain of all - the investors are nowhere in sight. Because given a chance, an investor would rather be an investor than a dupe. Some "bond offering" that could collect 40k BTC no questions asked last spring and promptly evaporate half of the shareholder equity within six months can barely take in enough to cover outgoings this spring. Of course this burns the underclass of scammers & idiots: they don't get free BTC and attention anymore? Bawwwww.

They have correctly pinned the cause of their current plight on MPEx generally, on MP personally and as far as the messaging goes, on me. It's a fact: the reason they're fucked atm is exactly MPEx, MP and, at least on this forum, me. They are incorrectly trying to remedy this by attacking a combination of the three. Unfortunately for all of them it doesn't really matter how much time and effort they expend in the ultimately doomed attempt to convince "the public" that their executioner "is evil". In fact the only probable result of all that expenditure is their more thorough discreditation.

To quote MP himself (http://polimedia.us/trilema/2013/preemptive-strike-to-have-on-hand-for-when-butterfly-labs-gets-hauled-off-to-jail-in-corpore/),


That's the whole story. Idiots and scammers can no longer make it in BTC. The days when they had the run of the town are over, and are never coming back. Professionalism, competence, obedience and discipline are the values of Bitcoin in 2013. We're done dicking around with this toy based "on maffs" where "like, man, everything's possible right?"

Time to get to work.

... And more generally, a notice to all the scumbags circling BTC : I don't care that you're poor, I don't care if you're desperate, I don't care if you're 'Ndrangheta or the Gambinos or the Bonanos or the Russians or whoever the fuck else. Pack it and move. This is your only warning, and quite frankly I have no ideea why warnings are even necessary. Bitcoin is not for idiots. That means you.

That's the whole story. Idiots and scammers can no longer make it in BTC. The days when they had the run of the town are over, and are never coming back. Professionalism, competence, obedience and discipline are the values of Bitcoin in 2013. We're done dicking around with this toy based "on maffs" where "like, man, everything's possible right?"

Time to get to work.

Insult, insult, low post count, don't "get it", OTC, not invited to the club, etc.

Accepted.

Would you mind expanding on "obedience"? In the context of a decentralized currency, it seems a tad dramatic.

They still are refusing to return the $ and btc from my acct. but they invited me to join their new service. 

Oh look, someone involved with another competing exchange bad-mouthing another.

How unexpected.

Are you thick? I mean seriously, if you take one of those intelligence tests, do you come out slightly under normal?

Funny.  They returned all my funds upon Tradehill-I shutdown, but won't let me join their new service.  Shrug.

---

I theorize that there will be a certain number of people who would see an opportunity to potentially squeeze some entity in Tradehill's position by inventing a deficit and crowing about it in hopes that it would be worth Tradehill's money to pay them off just to shut them up. 
I'm certainly not accusing you of being one of these, but I would expect there to be some crawling out of the woodwork.

I also suspect that there will be some instance where either Tradehill, or the customer, or both got confused or had legitimate differences of opinion on accounts.

It is also not a dis-proven hypothesis that Tradehill could have simply reached into the cookie jar and are indeed crooks.  My personal experience did not indicate this, but YMMV.

Tradehill-I always made it possible to receive a nice report of my trading activity, and I took advantage of it and retain it on file.  I also, of course, have records of all my wire transfers and the check they cut me to square up when they shut down.  If they had screwed me, I'd have turned to the legal system with this data.