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Author Topic: [WTS] BTC debt owed by BitFloor, Inc. - debt exchange  (Read 1997 times)
Stephen Gornick (OP)
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September 27, 2012, 10:24:38 PM
 #1

Recently there was a sale of BTC debt owed by BitFloor, Inc. to one of its accountholders whose bitcoins are being held by the exchange and thus not available for withdrawal.

This thread is for others with BTCs on hold at BitFloor to list their offers and for buyers to express their interest.

Here was the previous sale.

Tangible Cryptography LLC is looking to sell 200.00 BTC (two hundred bitcoins) of debt owed by Bitfloor Inc.  While we believe Roman will repay creditors in time, due to our capital needs we are wiilling to sell at a discount to improve our liquidity today.

The sale is for 200.00 BTC (two hundred bitcoins) face value of debt owed to Tangible Cryptography LLC by Bitfloor Inc as a result of depositor funds lost in the hack on the bitfloor exchange earlier this month.

Roman has indicated he is considering providing the ability for creditors to trade debt (transfer debt from one account to another).  In the event that is enabled on the bitfloor exchange we will transfer the purchased debt to an account of the purchaser's choosing.   If that isn't enabled we will request Roman provide a one time manual transfer of the debt balance to the seller's account (and will provide compensation for time spent). If neither options are possible we will pass through any payments received to a Bitcoin address provided by the purchaser.  While the third option is the least attractive, Tangible Cryptography LLC is a trusted member of the Bitcoin community and our services like FastCash4Bitcoin rely on our unblemished company reputation.  We feel this makes us a low risk counterparty in any debt sale.

The purchaser is entitled to any and all repayments made as of the date of the sale.  Tangible Cryptography LLC will provide a signed bill of sale (PGP signed or physically signed and scanned).  Tangible Cryptography LLC will retain no claim on the debt, nor hinder the purchaser in any legal action taken against Bitfloor, Inc to compel repayment.

Asking Price: 140 BTC (70% of face value)
Open to reasonable counter-offers.

On edit: title edited to indicate sale is complete.

Similar offers to buy or sell the "On Hold" debt, or relevant discussion, can be made below.

Unichange.me

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Stephen Gornick (OP)
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September 27, 2012, 10:26:31 PM
 #2

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Unichange.me

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Stephen Gornick (OP)
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September 27, 2012, 10:31:42 PM
 #3

Similar offers to buy or sell the "On Hold" debt, or relevant discussion, can be made below.

WTS 31 BTC debt owed by Bitfloor, Inc.
Asking Price: 21.7 BTC (70% of face value)

The debt purchase agreement presented previously will be used, with the exception that it will be me being the seller.

 - http://bitcointalk.org/index.php?topic=111918.msg1210567#msg1210567

Unichange.me

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TehZomB
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September 28, 2012, 01:17:48 AM
Last edit: October 02, 2012, 10:17:13 AM by TehZomB
 #4

Similar offers to buy or sell the "On Hold" debt, or relevant discussion, can be made below.

WTS 31 BTC debt owed by Bitfloor, Inc.
Asking Price: 21.7 BTC (70% of face value)

The debt purchase agreement presented previously will be used, with the exception that it will be me being the seller.

 - http://bitcointalk.org/index.php?topic=111918.msg1210567#msg1210567

I'll buy it for 18.6 BTC (60% of face value).

No longer offering.
BitcoinForLiberty
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October 02, 2012, 02:57:44 AM
 #5

I have 563 BTC on hold with bitfloor that I will sell for 60% of that (337.8 BTC)
qxzn
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October 02, 2012, 04:10:20 AM
 #6

I will buy up to 1000BTC of bitfloor debt at 25% of face value.
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