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Author Topic: [Sold] WTS 200 BTC debt owed by Bitfloor, Inc.  (Read 1139 times)
TangibleCryptography
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September 21, 2012, 08:36:44 PM
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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.
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TangibleCryptography
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September 21, 2012, 08:37:06 PM
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A sample of debt purchase agreement was requested.  We are open to making any reasonable changes requested by the purchaser.
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THIS DEBT PURCHASE AGREEMENT ("Agreement), as of the 29th day of September, 2012, between Tangible Cryptography LLC, a Virginia Limited Liability Company, ("Tangible Cryptography") and ______________________________.  Both Tangible Cryptography and ______________________________ are referred to collectively as the "Parties".

WHEREAS, Bitfloor, Inc a New York Coproration ("Bitfloor"), and is in the business of operating a bitcoin exchange. Tangible Cryptography is owed deposits as a client of the exchange operated by Bitfloor, as of the date of this Agreement in the sum of 200.00 BTC, two hundred bitcoins ("Obligation").

WHEREAS, the result of the unpaid Obligation, negatively impacts operations, Tangible Cryptography seeks to transfer owernship of the Obligation to _________________________.

NOW THEREFORE, in consideration of the promises and the mutual covenants and agreements of the Parties hereinafter set forth, the Parties hereby agree as follows:

Tangible Cryptography hereby agrees to assign to ____________, title and ownership of the Obligation ("Debt Assignment").
______________________ agrees to transfer a sum of XXX bitcoins to the Bitcoin address 1BYkTioZnM7mQQMzmxSkjJaPyzVN2PiTEY, an address under the control and ownership of Tangible Cryptography.  

As a result of the Debt Assignment under this Agreement, ______________________ shall hold the sole and exclusive right to collect the Obligation.  In the event that Bitfloor enables the transfer of the Obligation on the books of Bitfloor, either by acount to account transaction or by declaration of the original creditor, Tangible Cryptography will take all reasonable effort to ensure the Obligation is transfered to the name and account of ______________________.

In the event that ____________________ seeks legal action against Bitfloor for nonpayment of the Obligation, Tangible Cryptography will provide all reasonable effort in asserting the lawful claim and ownership of the Obligation by _______________________, without profit or gain.


Seller:



__________________________________
Tangible Cryptography LLC
By: "Death&Taxes" Executive Manager


Buyer:



__________________________________
jgarzik
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September 21, 2012, 09:33:01 PM
 #3

Counter-offer: 100 BTC

P.S.  If you wish to PM, please email jgarzik@exmulti.com rather than forum or IRC PM.  PGP key is on the front page of http://bitcoin.org/

Edit: offer now closed.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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September 21, 2012, 11:56:58 PM
 #4

Posting for public record

Quote
-----BEGIN BTC SIGNED MESSAGE---------

THIS DEBT PURCHASE AGREEMENT ("Agreement), as of the 29th day of September, 2012, between Tangible Cryptography LLC, a Virginia Limited Liability Company, ("Tangible Cryptography") and Dmitry Murashchik.  Both Tangible Cryptography and Dmitry Murashchik are referred to collectively as the "Parties".

WHEREAS, Bitfloor, Inc a New York Coproration ("Bitfloor"), and is in the business of operating a bitcoin exchange. Tangible Cryptography is owed deposits as a client of the exchange operated by Bitfloor, as of the date of this Agreement in the sum of 200.00 BTC, two hundred bitcoins ("Obligation"). 

WHEREAS, the result of the unpaid Obligation, negatively impacts operations, Tangible Cryptography seeks to transfer owernship of the Obligation to Dmitry Murashchik.

NOW THEREFORE, in consideration of the promises and the mutual covenants and agreements of the Parties hereinafter set forth, the Parties hereby agree as follows:

Tangible Cryptography hereby agrees to assign to Dmitry Murashchik, title and ownership of the Obligation ("Debt Assignment").
Dmitry Murashchik agrees to transfer a sum of 140 bitcoins to the Bitcoin address 1BYkTioZnM7mQQMzmxSkjJaPyzVN2PiTEY, an address under the control and ownership of Tangible Cryptography.  

As a result of the Debt Assignment under this Agreement, Dmitry Murashchik shall hold the sole and exclusive right to collect the Obligation.  In the event that Bitfloor enables the transfer of the Obligation on the books of Bitfloor, either by acount to account transaction or by declaration of the original creditor, Tangible Cryptography will take all reasonable effort to ensure the Obligation is transfered to the name and account of Dmitry Murashchik.

In the event that Dmitry Murashchik seeks legal action against Bitfloor for nonpayment of the Obligation, Tangible Cryptography will provide all reasonable effort in asserting the lawful claim and ownership of the Obligation by Dmitry Murashchik, without profit or gain.


Seller:

1BYkTioZnM7mQQMzmxSkjJaPyzVN2PiTEY
__________________________________
Tangible Cryptography LLC
By: "Death&Taxes" Executive Manager (u=57640)



Buyer:

1Rassahgt3XSxKVJ62oSrQJxtH3wk4MKX
__________________________________
Dmitry Murashchik/Rassah (u=20203)

-----------END BTC SIGNED MESSAGE-----------

Signed (Rassah): G+Cs7ayCy3TfvF5Zd4irBt4erxXHFuoxIzrrE9B8fz1YG70cCSNHMjyf2cRlV1j16+nZbVaTwSFAnRgZnalhpL4=
Signed (TangibleCryptography): HzYBETwp9YTuZJpSoZXfMPjdPouR1YY81fwo3p8Zy4yo3g8puUiKjk/jnZBGIHOUMYaCHNisqSVVvR1vJCsa1s0=


Transaction from buyer address to sender address verified here: https://blockchain.info/tx/40b86f30e530ba70d6b44bab0bd394b8f9c3b29224342893886a315e05d5e46b

Tangible Cryptography, please confirm receipt

TangibleCryptography
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September 21, 2012, 11:59:22 PM
 #5

Posting for public record

Quote
-----BEGIN BTC SIGNED MESSAGE---------

THIS DEBT PURCHASE AGREEMENT ("Agreement), as of the 29th day of September, 2012, between Tangible Cryptography LLC, a Virginia Limited Liability Company, ("Tangible Cryptography") and Dmitry Murashchik.  Both Tangible Cryptography and Dmitry Murashchik are referred to collectively as the "Parties".

WHEREAS, Bitfloor, Inc a New York Coproration ("Bitfloor"), and is in the business of operating a bitcoin exchange. Tangible Cryptography is owed deposits as a client of the exchange operated by Bitfloor, as of the date of this Agreement in the sum of 200.00 BTC, two hundred bitcoins ("Obligation").

WHEREAS, the result of the unpaid Obligation, negatively impacts operations, Tangible Cryptography seeks to transfer owernship of the Obligation to Dmitry Murashchik.

NOW THEREFORE, in consideration of the promises and the mutual covenants and agreements of the Parties hereinafter set forth, the Parties hereby agree as follows:

Tangible Cryptography hereby agrees to assign to Dmitry Murashchik, title and ownership of the Obligation ("Debt Assignment").
Dmitry Murashchik agrees to transfer a sum of 140 bitcoins to the Bitcoin address 1BYkTioZnM7mQQMzmxSkjJaPyzVN2PiTEY, an address under the control and ownership of Tangible Cryptography. 

As a result of the Debt Assignment under this Agreement, Dmitry Murashchik shall hold the sole and exclusive right to collect the Obligation.  In the event that Bitfloor enables the transfer of the Obligation on the books of Bitfloor, either by acount to account transaction or by declaration of the original creditor, Tangible Cryptography will take all reasonable effort to ensure the Obligation is transfered to the name and account of Dmitry Murashchik.

In the event that Dmitry Murashchik seeks legal action against Bitfloor for nonpayment of the Obligation, Tangible Cryptography will provide all reasonable effort in asserting the lawful claim and ownership of the Obligation by Dmitry Murashchik, without profit or gain.


Seller:

1BYkTioZnM7mQQMzmxSkjJaPyzVN2PiTEY
__________________________________
Tangible Cryptography LLC
By: "Death&Taxes" Executive Manager (u=57640)



Buyer:

1Rassahgt3XSxKVJ62oSrQJxtH3wk4MKX
__________________________________
Dmitry Murashchik/Rassah (u=20203)

-----------END BTC SIGNED MESSAGE-----------

Signed (Rassah): G+Cs7ayCy3TfvF5Zd4irBt4erxXHFuoxIzrrE9B8fz1YG70cCSNHMjyf2cRlV1j16+nZbVaTwSFAnRgZnalhpL4=
Signed (TangibleCryptography): HzYBETwp9YTuZJpSoZXfMPjdPouR1YY81fwo3p8Zy4yo3g8puUiKjk/jnZBGIHOUMYaCHNisqSVVvR1vJCsa1s0=


Transaction from buyer address to sender address verified here: https://blockchain.info/tx/40b86f30e530ba70d6b44bab0bd394b8f9c3b29224342893886a315e05d5e46b

Tangible Cryptography, please confirm receipt

Tangible Cryptography confirms receipt of funds.
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