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Author Topic: Bitmit is Closing??  (Read 22316 times)
allthingsluxury
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October 19, 2012, 08:33:27 PM
 #1

Bitmit appears to be shutting down due to upcoming law changes. This is really unfortunate, as I was really liking this service. It was a great alternate place to list my products and I actually made quite a few sales on there. Not sure exactly what happened but this is the message that I just received when I tried to login to my bitmit account:

"Bitmit closes
Dear valued Bitmit user,
Unfortunately we have to shut down Bitmit because of upcoming law regulations in our country. Our server is going to be turned off in about four weeks. Please complete your orders and withdraw all your Bitcoins within that timeframe.

We are very sorry for that Sad We really enjoyed the collaboration with this awesome Bitcoin community! :*

Thank you so much for your support!

Your Bitmit Team



If you like you can spend us a goodbye beer :/ 1EP2w3vVAwTCK2xptWYAvBsM982sqaDz9w - Thank you! "


You can also see it for yourself here:

https://www.bitmit.net/en/

What country are they located in that this would cause an issue? Are they being strong armed?



P.S: for any of you who have bought from us on bitmit and have any questions or concerns, you can reach us here:

http://www.allthingsluxury.biz/Contact-Us-2.html

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SaltySpitoon
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October 19, 2012, 08:36:56 PM
 #2

Awww, that blows
WikileaksDude
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October 19, 2012, 08:39:09 PM
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Why doesn't the owner sell the website to someone willing to run it. IMO there is a shitload of ppl capable of running the site.

This way its a win win.


Maidak
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October 19, 2012, 08:39:20 PM
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Yeah that really does suck I checked the contact us page. https://www.bitmit.net/en/info/contact

Flat B20/F, Infotech Center No.21 Hung To Road Kwun Tong, Kowloon Hong Kong

Buy & Sell Bitcoin | Escrow | BitcoinminerZ.com | MMOclub.com Contact by SMS/Call(717)454-4274 or email maidak@mmoclub.com for fast service!
Arto
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October 19, 2012, 08:40:07 PM
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Why doesn't the owner sell the website to someone willing to run it. IMO there is a shitload of ppl capable of running the site.

This way its a win win.

http://www.reddit.com/r/Bitcoin/comments/11ep6x/bitmit_4_sale_investors/

allthingsluxury
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October 19, 2012, 08:41:27 PM
 #6

I know this is horrible. I would also really like to see them sell it off. Of course I know there might still be some lingering legal issues if they do this. Someone needs to start up an alternative site. I was seeing HUGE potential there.

WikileaksDude
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October 19, 2012, 08:45:57 PM
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I know this is horrible. I would also really like to see them sell it off. Of course I know there might still be some lingering legal issues if they do this. Someone needs to start up an alternative site. I was seeing HUGE potential there.

HUGE?

It was going to be amazon on steroids. A flawless auction/sales bussiness.

justusranvier
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October 19, 2012, 08:46:17 PM
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Someone needs to start up an alternative site.
I think it's called Silk Road.
nomnomnom
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October 19, 2012, 08:50:50 PM
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God damnit. Not bitmit  Cry
I hope someone buys it and takes over or something,
tosaki
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October 19, 2012, 08:52:05 PM
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Sadly this is true.. If someone is interested in buying the site feel free to contact us (support@bitmit.net)
Arto
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October 19, 2012, 08:55:34 PM
 #11

Sadly this is true.. If someone is interested in buying the site feel free to contact us (support@bitmit.net)

Any details on what new regulations are motivating the closure, pretty please?

tosaki
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October 19, 2012, 08:57:57 PM
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Sadly this is true.. If someone is interested in buying the site feel free to contact us (support@bitmit.net)

Any details on what new regulations are motivating the closure, pretty please?

Financial supervision requires special licences for businesses which holds customer funds
FreeMoney
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October 19, 2012, 09:00:43 PM
 #13

Sadly this is true.. If someone is interested in buying the site feel free to contact us (support@bitmit.net)

Any details on what new regulations are motivating the closure, pretty please?

Financial supervision requires special licences for businesses which holds customer funds

So it is only the escrow part you worry about? What about finding a few trusted escrow services and simply recommending those?

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
greyhawk
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October 19, 2012, 09:18:47 PM
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Sadly this is true.. If someone is interested in buying the site feel free to contact us (support@bitmit.net)

Any details on what new regulations are motivating the closure, pretty please?

Financial supervision requires special licences for businesses which holds customer funds

So it is only the escrow part you worry about? What about finding a few trusted escrow services and simply recommending those?

What makes you think there is a single legal escrow service in Bitcoin Country?
Raoul Duke
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October 19, 2012, 09:20:15 PM
 #15

Sadly this is true.. If someone is interested in buying the site feel free to contact us (support@bitmit.net)

Any details on what new regulations are motivating the closure, pretty please?

Financial supervision requires special licences for businesses which holds customer funds

Why is that a problem now when it wasn't before, may I ask?

nedbert9
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October 19, 2012, 09:28:00 PM
 #16




This is upsetting.
allthingsluxury
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October 19, 2012, 09:28:38 PM
 #17

Sadly this is true.. If someone is interested in buying the site feel free to contact us (support@bitmit.net)

Any details on what new regulations are motivating the closure, pretty please?

Financial supervision requires special licences for businesses which holds customer funds

Can't you just go back to a non escrow system, rather than shut the whole thing down. User feedback is typically a very good system for weeding out the corrupt.

allthingsluxury
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October 19, 2012, 09:33:59 PM
 #18

Well bitmit is up for bid now:

https://www.bitmit.net/en/trade/i/8175-bitmit-net/description

Arto
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October 19, 2012, 09:39:38 PM
 #19


Very meta Grin

bitcoinbear
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October 19, 2012, 09:42:00 PM
 #20

Shoot, I was just going to list a bunch of stuff there this weekend. I guess I will wait until the situation stabilizes.

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