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1  Bitcoin / Bitcoin Discussion / Re: Moneyandtech.com video on Sen. Manchin's call for a ban on Bitcoin on: February 27, 2014, 12:14:20 AM
Hey! Nice to see a post from you again.

For you newcomers TradeHill is what should have been the biggest exchange, an example of doing things right. Thank regulation for pushing them out of the game.

Thanks, we had up to 20% market share or so when it was just us and Mt Gox. Then like you said regulation became an issue.
Dwolla didn't help when they deleted most of our balance and it made more sense to shut down then go insolvent.


I thought that was an easy choice but it looks like Mt Gox may have tried the "let's earn 750,000 Bitcoin back" move.
That said no one knows for sure yet so I don't want to speculate too  much.

Still paying a few people out, personally essentially out of coins so didn't benefit as much as I could have for someone building a company in the beginning. Very few regrets, never met a community like this before.

Jered
2  Bitcoin / Bitcoin Discussion / Moneyandtech.com video on Sen. Manchin's call for a ban on Bitcoin on: February 26, 2014, 09:30:12 PM
We just put a video up about Senator Manchin's call for a ban

Take a look and give me your feedback. Also any help we can get promoting it would be really appreciated.
We're trying to provide accurate news here with people that know what they're talking about.

Twitter: @moneyandtech

Full link:
http://www.moneyandtech.com/feb26-breaking-news-sen-manchin-ban-on-bitcoin/

Short link:
bit.ly/1hUj12x

Love to have all the comments / suggestions / feedback and ideas you've got.

Regards,
Jered
3  Economy / Service Announcements / Re: Tradehill: Suspending Trading IAFCU funds available for withdrawal on: August 30, 2013, 06:29:35 AM
We have recently made the decision to temporarily suspend trading on the Tradehill platform.

Internet Archive Federal Credit Union has experienced operational and regulatory issues and we are no longer able to continue our relationship at this time.

Our unique relationship with IAFCU allowed our clients to hold their Tradehill balance in an account opened in their name and federally insured. If you had an account with Tradehill after our integration with IAFCU and would like to withdraw your funds please contact msr@archive.org


We look forward to resuming operations soon.


Sincerely,

Jered Kenna
Chief Executive Officer
Tradehill

This is really disappointing. Jered, would you say that options to exchange fiat for bitcoins are expanding with time or contracting? From my limited viewpoint it seems like the noose is tightening... (at least in the US). Just curious about your high level perspective on this.

In my opinion they're expanding. There have been and most likely will continue to be periods were it expands then contracts.
One of the benefits to increasing regulation is more traditional players entering the space. I anticipate a time when you'll be able to buy Bitcoin through a traditional investment account or ForEx account. That will never happen before it's much more regulated, but I'd imagine when it does get there some businesses will close and others will adopt Bitcoin making buying and selling much easier for the end user.
 
Great question though which no one had asked me yet.

Jered

4  Economy / Service Announcements / Re: Tradehill: Suspending Trading IAFCU funds available for withdrawal on: August 30, 2013, 05:34:13 AM
We have recently made the decision to temporarily suspend trading on the Tradehill platform.

Internet Archive Federal Credit Union has experienced operational and regulatory issues and we are no longer able to continue our relationship at this time.

Our unique relationship with IAFCU allowed our clients to hold their Tradehill balance in an account opened in their name and federally insured. If you had an account with Tradehill after our integration with IAFCU and would like to withdraw your funds please contact msr@archive.org


We look forward to resuming operations soon.


Sincerely,

Jered Kenna
Chief Executive Officer
Tradehill

Jered, can you provide more details regarding your plans for the near future?

I'd hate to ruin the surprise. We'll have something to announce in a few weeks at most.

Jered
5  Economy / Service Announcements / Tradehill: Suspending Trading IAFCU funds available for withdrawal on: August 30, 2013, 05:04:32 AM
We have recently made the decision to temporarily suspend trading on the Tradehill platform.

Internet Archive Federal Credit Union has experienced operational and regulatory issues and we are no longer able to continue our relationship at this time.

Our unique relationship with IAFCU allowed our clients to hold their Tradehill balance in an account opened in their name and federally insured. If you had an account with Tradehill after our integration with IAFCU and would like to withdraw your funds please contact msr@archive.org


We look forward to resuming operations soon.


Sincerely,

Jered Kenna
Chief Executive Officer
Tradehill

Edit: IAFCU's statement  https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/
6  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 19, 2013, 04:53:57 PM
I think probably I have some bitcoins and some NMC coins on tradehill platform, so I am wondering whether I can get them back.


Shoot me an email at claim@tradehill.com and I'll take a look. I don't believe we ever traded NMC though.


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.


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.


I'll check it and send a check to a US address.
email claim@tradehill.com

Jered
7  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 19, 2013, 01:35:24 AM
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?

Well written question.

We assumed this was going to happen (not on launch day though) and had it in mind while we set everything up with the lawyers.
Without giving too much away with what's going on in the back end we were ready for it.

Personally I see it as progress. We've all been waiting for acknowledgement and clarification.
It's going to be really interesting to see what comes out of it and who it affects.
I'm watching very closely.

Regards,
Jered
8  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 19, 2013, 12:58:26 AM


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

We import some of the order book from Mt Gox.
Right now their connection is going on and off and when that happens it can take a moment to sync.
We'll be getting away from this and as our volume increases it won't be an issue.

Jered
9  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 11:48:33 PM
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?
This is the criteria to meet:
Quote
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 personís 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.

Basically, only open to rich people?

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.


Very nice, looking forward to seeing LTC Smiley

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.

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

I went ahead and put it on the second post of this thread just now.
Thanks for asking.

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

Not currently, we don't own it or have access to it.


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?

The "product" is referring to the service provided and not BTC it's self. We're not going to consider it a security before the SEC or appropriate body says that it is.

We'll provide more information regarding requirements to use the Prime soon. We're ramping up invites and adding people.

The minimum requirement for Mt Gox codes is to open an account. Once an account has been opened there won't be a minimum.
When we add other countries we will most likely accept codes in those currencies as well.

Jered
10  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 09:50:09 PM

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.


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?

We're going to offer additional products for smaller accounts soon. There are a few reasons that we're doing it this way.
I very clearly remember working with you and I'm excited to do it again as soon as we can offer it.



March 18, 2013

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

...

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.



There is a little bit of confusion regarding who was the first US exchange. I had the idea to start Tradehill when I was living in Chile (I'm a US citizen). I started it with two other US citizens and one Chilean.
One of the other guys was living in the US at the time, one was mostly in Chile but traveling between the two countries. Shortly after we went live I moved back to the US. The company was formed in the US as well.
I hope that clarifies it a little. It's somewhere in between but more US. I did have the honor of explaining Bitcoin to the Chilean version of the IRS though.

Jered

11  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 08:33:21 PM
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...



Shoot me an email at claim@tradehill.com
This is going to take a lot longer to look in to.

Also I have the old keys in cold storage and it looks like someone is  pulling the coins out of your address.
That  isn't me so you might have the wrong address listed here.

Regards,
Jered
12  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 08:13:45 PM
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?



Thanks, I enjoyed our conversations in the early days before the real world got interested in Bitcoin. Glad to be back as well.\
We plan on being there 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 personís 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.


We're going with the SEC's definition.
The short answer is "the lawyers told us to".

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.



Prime isn't really aimed at the small volume traders, the goal is to provide the best experience possible for the biggest users of Bitcoin.
We're going to release other products that everyone can use soon. This is our starting point.

For small business use I'm a huge fan of Bitpay and use them myself. That's not something we plan on competing with, they do a great job.


Jered

13  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 06:56:15 PM
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?

Currently the old Tradehill is focused solely on paying out to customers who make claims. If I can bring up more functionality in the future I'll make an announcement.


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

I'm sure there are some stragglers that haven't inquired and I welcome them to shoot me an email at claim@tradehill.com
I'm responding to all emails and would like to get old Tradehill completely closed so I can focus entirely on Tradehill 2.0

Jered

14  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 06:28:15 PM
Welcome back!

Any chance CLP will be among your currencies?

It's on the map. We'll announce something solid when we have it.

I'm a big fan of the currency / country and want to add it soon.

Jered
15  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 06:17:07 PM
Ah, seeing JoelKatz reminds me... any plans on also acting as a Ripple gateway, similar to BitStamp?

We'll have an announcement soon regarding this.
Personally I'm a big fan of Ripple and see it complimenting Bitcoin not competing in most regards.

Jered
16  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 05:27:05 PM
Gonna be on http://bitcoincharts.com/markets/ again? Smiley

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

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.

We'll be adding additional products that everyone can get in on asap. We're making sure that we're covered legally.


My body is ready.

Mine as well.

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

can you publish API documentation for trading, please?

Right now we're offering USD but will add others soon.

We have 2 API's and a 3rd coming. I'll post the Mt Gox style API everyone is familiar with.


-Jered
17  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 05:05:24 PM



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

Alternatively you can deposit $5000 from a Mt Gox code or 200 BTC
This product (Prime) is only for accredited investors and businesses.
We'll be adding  more products that target a wider audience as soon as possible.
We've spent more than 9 months planing and building so development will move quickly.

-Jered
18  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 04:33:29 PM
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!

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.

Dwolla: It's still on going, I shouldn't comment too much on that.
I took a huge loss and it's been tough. I'd like to move on. Ideally we can settle it peacefully and I wish them the best.

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.


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?

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

Welcome back.

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

Short answer: Yes.
Long answer: If it's legal, there's demand, it's stable etc then we will take a hard look at it and add it if possible.
For sure there will be other currencies added but I can't say what and when at this point.

-Jered
19  Economy / Service Announcements / Re: Announcement: Tradehill is back on: March 18, 2013, 04:13:03 PM
reserved
20  Economy / Service Announcements / API Documentation on: March 18, 2013, 04:12:55 PM
API Documentation

We'll be posting the API docs on the site soon but for now here is a quick summary.

We currently have 2 API's and we'll be adding to them.

Our first API is proprietary and we'll post docs later.

Our second API is "Mt Gox style" and the docs are below:




Endpoints
=========

The root URL is https://thbeta.com/mtgapi .  Please see below for the
endpoint for each call.

Where you see "BTC", you may supply any asset name that is traded on our
system (e.g. "XRP").

All arguments are supplied in JSON, and the Content-Type and Accept
headers should be set to application/json.

public (no auth required):
-----

* get "/BTCUSD/depth/fetch"

* get "/BTCUSD/ticker"

private:
-----

To authenticate, please obtain an API key and secret by clicking Profile
from the top-right dropdown menu, then use the MtGox API auth - see
https://en.bitcoin.it/wiki/MtGox/API/HTTP#Authentication .

* post "/generic/private/orders"
  Arguments: nonce

* post "/generic/private/order/cancel"
  Arguments: nonce, order

* post "/generic/private/order/result"
  Arguments: nonce, order
  Unlike MtGox, this will return trades to date even if the order is
still active.

* post "/BTCUSD/private/order/add"
  Arguments: nonce, amount_int, price_int, type, reference (optional)
  You *should* provide a unique reference, to prevent double placement
of orders.



Jered
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