(Edited to be much more concise. I write too wordy when irritated / excited.)

Multiple orders totaling 55.4 BTC placed beginning Dec. 24th, between ~$710 and $745 / BTC. Never any issue with CB before. Fully verified user for months. CC with very high limit backing bank account. As the story always seems to be, their so-called fraud algorithm calls it riiiight at the last minute on the day of delivery, several days after they've had my USD fully in hand, and over a week since my order. Yeah, I've looked into a ton of these cases now. Assuming they aren't lying, since now I've witnessed the same thing: Seems like they look for orders that can be justified as possible fraud based on some sort of pattern thing, but they don't actually, that I can see, cancel your order unless they're in a bad position on the order. (And why would they? According to CB themselves, they aren't liable and won't be actually hit with any ACH chargebacks unless it could be proven that it was a result of a site bug / flaw. A user losing control of his 2FA or whatever is not their issue, and it shouldn't be -- but then, why all the cancellations? There is ZERO risk to CB, except for a declining profit margin, that is.)

Orders support my investment / portfolio management consulting business, and lack of delivery by CB results in breach of promised contract price by me with clients. (So, basically the same as Coinbase has done to me, except I don't collect money / assets until I deliver...)

Had meetings today with clients to deliver. Got really pissed at CB for their lack of any timely support (beyond the initial "hey, yeah, oops, here's a whitelist" -- which is great, but doesn't solve my present problem) and wrote a much longer rant threatening to sue, which I still may, if they wait too long to do anything. But I really, really hate the judicial system, and the fact is, CB is basically a monopoly . It's a shitty situation, and they're currently bordering on Gox-like behavior IMO (quick response on social media, but little action following). But, I'm going to give them a break and assume the post-New Year was nuts, and let them try to catch up with support tickets. I went ahead and fulfilled my own contracts at my promised price and ate the difference, for now. (I'm down quite a lot, actually, since CB is still, presumably, "processing" the return of my USD, which they've had for about 12 days now.)

Anyway, Coinbase, get with me and fix this. I really don't want to dick around with the judicial system. My attorney's already up to speed, and we're both of the opinion that you're kinda boned in my case. You might have been able to argue the fraud thing based on some clause buried in the TOS, but once you whitelisted me via support email sent from the Coinbase portal, with zero additional information or verification of my ID authenticity... well, neither of us sees any way you could mount a defense in support of your actions being related to "high risk for fraud" or whatever. And looking at all the user reports, I'm betting your algorithm wouldn't stand up under scrutiny if subpoenaed.

FFS, just give me the coins, at the price you promised. We can then forget about all this, and I can only hope that you'll get to work tweaking the way you manage liquidity and risk so you can quit dicking over users like this. This stuff makes it difficult for new users to believe in Bitcoin, when we all run around saying how legit and smooth CB is, while this goes on.

[UPDATE:]

As it sounds.

Screenshot:


They link you to Blockchain:
https://blockchain.info/zh-cn/address/1M2QZepTyKXD7SH6mhWw7GL2cT4KNQE4ay

(english version, since switching languages on blockchain is coded shitty and sends you to the home page)
https://blockchain.info/en/address/1M2QZepTyKXD7SH6mhWw7GL2cT4KNQE4ay

As of this moment, we're at 24 confirmations. They "require" 5. I've deposited a few times previously and never had an issue, and I'm sure it's a bug and not an intentional theft, but be that as it may, this is an unacceptable occurrence for a financial service. Since it's like 6 AM in Shanghai, they won't address my email until at least 3 hours from now (if they don't, that's another story entirely!) but in the meantime, this has effectively cost me a decent chunk of change, as I'd intended to sell to CNY and rebuy at bottom, which we still haven't seen, though we may be near it.

Not only this, but their zero-warning implementation of their 0.3% trade fee will undoubtedly cost plenty of folks with automated trading scripts a lot of money while they sleep. No, no one expected 0% to last forever -- but this method is highly dishonest, and I'm very unimpressed.

4:01 PM CST / 6:01 AM China UPDATE:
At about 5:41 AM Shanghai time, my account finally showed up with the 6.5BTC. No reply from any rep from BTCChina yet. One assumes the system has some level of automation that restarted whatever process my coins were hung up in. Somewhere around 29 freaking confirmations when this happened!

If I were to assume a conspiracy, I would point out that this is the exact time when BTC seems to have bottomed out. But I really doubt they have any motivation to do that sort of thing (idk what I'd posit the plan was anyway). Really shitty in any case. If one assumes I'd sold at 4900 and bought at 3900, as I did with the rest of my assets -- strike that, sold at 4700-ish, because I'd have had to wait 5 confirmations at least -- they cost me about 1.33BTC, or about $1000 at present prices (continually changing of course).

Amid all the Bitcoin crash wailing, I heard something about this. In the context of,

China officially legitimizes Bitcoin and declares banks must stay out of it entirely; Bitcoin crashes in Western world due to media mishandling. Meanwhile, China declared something potentially truly catastrophic long-term for the USD; no Western headlines.

Interestingly, standard search terms for it do not yield a page 1 result on google from any MSM. It's all wackjob end-of-the-world blogs. Naturally, I was skeptical. But they provided a Bloomberg source, so here it is:

http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html

Until '05 the RMB (Chinese Yuan aka CNY) was backed by USD at a fixed rate. I recently was reading that a few years ago, it was regarded by economists that the RMB as undervalued by 35%, held there by the Chinese government. Evidently in order to accomplish our QE, the Chinese have bought all the USD they care to handle, and the RMB is now within 8% of its true purchasing power, and is now beginning to trade, with intentions by the Chinese government to let it float even more on its own.

When the JPY ceased direct link with the USD, they also held primarily USD for a long time to back the currency. The JPY appreciated vs. the USD from something like 380 JPY per dollar, to eventually peaking at 77 JPY per dollar, before last year agreeing to change their currency scheme (it had previously been truly non-inflationary), and now sits around 102.

If anything remotely similar happens with the RMB, I don't see any way these combinations of facts results in anything other than: While you might say the RMB will appreciate rapidly against the USD, China is huge and owns massive amounts of USD itself, and with their traditional role as manufacturers, I don't see anywhere to shift this role to. Unlike with the JPY's period of appreciation, the USD will rapidly appear to depreciate (indeed, it is) in far more areas than can be tucked away.

With the JPY, we are the larger trade partner, so they fiddled with things to accomplish trade -- it had gotten to where they could not export goods made in Japan to the world, US included, because they effectively cost too much due to the JPY's strength. So they agreed to devalue the JPY.

With the RMB, I can't say I see a path anywhere close. I guess we're going to have to figure out how to manufacture some things again? Our leaders have sold us into economic slavery in order to keep their offices for 4 years at a time. I already knew this was basically true, but I hadn't run across such a clear-cut implication of it. I can't see them doing this without mostly knowing what it causes, like a guy taking his 5th payday loan -- eventually you have to know you're just delaying bankruptcy. If the first and second payday loans couldn't save your ass...

They've really done a decent job reading up on what's going on.

Lol, just mentioned the BTCST as a pyramid scheme run on Bitcoin.

In particular, FinCEN's Jennifer Calvery is practically defending Bitcoin. She and her associate to her left from the Bank Commission, seem genuinely somewhat at, and specifically laid out it's usage for transferring value worldwide virtually instantaneously and at negligible fees as its primary consumer and economic value. One suspects Dave at the Bank Commission is not particularly pleased with quality of service provided by the status quo for the price charged.


They also just all got a good laugh at what is going to happen with the SR seized Bitcoins since they just went over how you can't touch Bitcoins without the PriKey. (Calvery quipped that, luckily, FinCEN doesn't have to worry about that.)

http://www.c-span.org/Live-Video/C-SPAN3/

[moved]

Official discussion thread here: https://bitcointalk.org/index.php?topic=334580

SKYPIEA is an upcoming privacy-friendly exchange. Details in linked thread.

EDIT:

I haven't been active on here in a while, but I left this project about 6 months ago, and sold my stake in it. I'm hearing rumors of non-response and I've had none myself when emailing the address in my contact list for the buyer. If the service has moved, I haven't managed to locate it.

This is feeling like Intersango / Bitcoinica to me; I'd steer clear.

The background for this is located (and evolving currently) here: https://boards.4chan.org/g/res/33840953 I would appreciate anyone here weighing in. (Bitcoin relevance: The OP mentioned Satoshi at one point; that's how I ran across it. I regularly text search for Bitcoin themes on places like /g/ which is the technology board there, if you aren't familiar.)

The book is the successor to the excellent Wi-Foo text on wireless security, from 2004. There seems to have been an update, possibly one which included something about perhaps the 900MHz ISM band or something else, and has been pulled. The really weird part is, it's been pretty heavily eradicated from existence, it appears. I'll update with a consolidation so you guys don't have to go to that thread just to know what I'm talking about. Right now the thread is at a standstill, waiting on more searching and a reply from Richard Stallman, who the OP reached out to.

[moved to the most appropriate place: https://bitcointalk.org/index.php?topic=205881.0]

As fate would have it: on corp business, I dined tonight at a pretty upscale steakhouse. Post-meeting I adjourned to the bar. At the bar I met a woman in her seventies, who is evidently an insurance adjuster by trade and a writer/novelist at heart (I will keep her anonymous but let's say I checked her out, and she has a detailed Wikipedia page, had a couple 1-on-1's with Elvis in Germany during the war, and has a literary award named for her. She was also cool as fuck, and one of about three people I have met in life thus far who I actually found intriguing and able to keep me "awake" in conversation.)

Her insurance adjusting work takes her around places, recently Dallas, where she was on standby for investigating claims in the West, TX fertilizer plant explosion.

Seems the police were there, then the FBI. Then, according to this 70's woman, the CIA shows up, because apparently they are more expert on these sorts of explosions. (This is what she was told, evidently. She was very bright; however, if she doubted the truthfulness of such things, she did not let on.) They sent her and the other insurance folk home.

All she knew so far:

$100M USD (estimated) damages
$4M USD covered on insurance
Possibly zero coverage under insurance because, the explosion involved detonation of high-nitrogen fertilizers, for which they had piles of but apparently no permit, and their insurance was the cheaper kind which does not cover the high-N fertilizer.
There is a bomb involved, supposedly, and accused of setting it is one of the first responders

Since there was only one explosion and it is on video: any audio experts wanna weigh in on the detonation signature? Any way to rule in or out a bomb as a primer for a pile of high-N fertilizer?

Also, to everyone of course: thoughts on validity and implications? Fakery/fraud evidence?  Etc.

[moved to the most appropriate place: https://bitcointalk.org/index.php?topic=205881.0]

[PM me with your debt and situation, and I will extend an offer. If you don't like my answer, make a counteroffer!]

I would be willing to buy up pieces of new Bitfloor debt for some people who have an immediate need for their funds in either BTC or USD (this is the limitation, at least for now; see below).

I have a method that is acceptable for me in proving debt exists, as well as being acceptable for the many members who have PM'd me regarding this topic when I beta'd it in the Bitfloor shutdown thread.  

I will post this elsewhere also. Obviously, PM me with your debt and situation, and I will extend an offer. If you don't like my answer, make a counteroffer!. My offers will be backed up contractually as well as socially, with the legal framework to support arbitration or other means of restitution. It's pretty failsafe for everyone here. The risk is more on me, if Roman doesn't pay up. I can send BTC right away. Obviously USD is less instant (for you; technically, I initiate a transfer within a couple hours), but if it is your ultimate goal, doing it via me is faster than taking BTC first. I cannot currently offer payout in foreign denominations (ie, USD only), except into accounts that use the IBAN system, at which point the conversion fee your bank charges is on you -- I don't control that.

Green and bold because, this is in essence an advertisement. PM me about delivery methods I can support, as well.

[Edited to make even clearer this is an offer for acquisition of NEW Bitfloor debt. I am still acquiring investment funds to attempt liquidation of the older "hack" debt, which is an order of magnitude (or more) riskier. Do not expect this super soon (weeks+), and it will likely be first-come-first serve -- I might never be able to get the backing to buy all of it. Again: As of this post, this is an effort to acquire the debt surrounding the Bitfloor shutdown of 4/17/2013 after CapitalOne confiscated the funds of Bitfloor LLC and shut down the accounts. However, building support and reputation here will make acquisition of old debt easier as time goes on.]

Since this is a beta offering, I will not yet post my offering price here, as it may shift a bit due to demand and market conditions surrounding the current Dwolla situation.[/b] PM me for the specifics. Even better, make me an offer. This will let me more quickly ascertain what the market will accept and I can move this boat toward paying off some of your losses, and more importantly, get enough data to begin making offers on larger blocks of debt. (Sorry, anyone I currently have declined or will decline... this is an emerging service and I don't have unlimited resources -- at least, that I am able to send to this effort, anyhow... those who know me, yeah, I do have a fair amount of "resources" so don't get mad at the amount I am putting toward this please).

-Fenix

[moved to the most appropriate place: https://bitcointalk.org/index.php?topic=205881.0]