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Author Topic: BTC Guild is CLOSED! Withdraw Your Funds NOW!!  (Read 3954 times)
BitJunkie223
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October 13, 2015, 10:59:15 PM
 #21

The issue I have here is the implication that people losing their coins should be just discarded and that you'll basically tell them they deserve what they got. Things can come up. People forget (my case).

The fact that I should have been more responsible is a given, but to say that someone like me would have deserved it is kind of heartless. Doesn't mean there's anything you can or should do about it, but to not feel even slightly bad about it, is quite an interesting type of moral character.

Justify taking people's money because they were given prior notice. If it were in the mail, suppose the bank sent a letter saying your house was being forclosed within the month and you didn't get it. And all of a sudden, there's a padlock on YOUR house (that you were behind on) with no real prior notice, etc.

You can only justify so much.

Edit: Oh, and everyone spends all day on BitcoinTalk. I mean, if my life revolved around it, sure. But it doesn't. So once again, a topic being bumped here once in a while, is totally irrelevant.

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notlist3d
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October 14, 2015, 12:02:17 AM
 #22

The issue I have here is the implication that people losing their coins should be just discarded and that you'll basically tell them they deserve what they got. Things can come up. People forget (my case).

The fact that I should have been more responsible is a given, but to say that someone like me would have deserved it is kind of heartless. Doesn't mean there's anything you can or should do about it, but to not feel even slightly bad about it, is quite an interesting type of moral character.

Justify taking people's money because they were given prior notice. If it were in the mail, suppose the bank sent a letter saying your house was being forclosed within the month and you didn't get it. And all of a sudden, there's a padlock on YOUR house (that you were behind on) with no real prior notice, etc.

You can only justify so much.

Edit: Oh, and everyone spends all day on BitcoinTalk. I mean, if my life revolved around it, sure. But it doesn't. So once again, a topic being bumped here once in a while, is totally irrelevant.

Your life does not have to revolve around bitcointalk to know this.  They have been mentioning it for MONTHS.  A hot wallet on a pool is not a spot for long term storage.   You should use a real wallet.   

People have got prior notice.  Your situation is rare at this point.   Your comparison is bad to.  If you get months notice about being  forclosed ... that is pretty fair.   

Please stop bumping this thread with your posting.  It is not saving anyone.
eleuthria
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October 14, 2015, 06:10:31 AM
 #23

2nd item in the FAQ:

Quote
What happens if BTC Guild closes?

Quote
BTC Guild has outlined an official closure process on the bitcointalk.org forum thread (click here). To summarize the process:

1) The pool will provide 2 weeks notice prior to shutting down mining operations.
2) There will be at least a 3 month period (starting with the 2 weeks notice) for users to withdraw balances.
3) The minimum payout will be removed, but any transaction under 0.01 will have to pay the network transaction fee (which may be more than the balance owed).

This process may be altered due to the circumstances of the closure. If new laws or regulations come into effect that force the pool to be closed, it is possible the closure may have only a few weeks to process. Users should not leave balances unattended! Set auto withdrawals, always check the site for news at least once per week. If forced to close, unclaimed funds may not be retrievable after the closure date.


Fourth item on the terms of service:

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4:   The pool is not an online wallet or bank

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BTC Guild is not a bank or e-wallet. You cannot deposit coins into an account, transfer coins between accounts, or send specific amounts to third parties. Users should utilize automatic distributions to automatically receive their coins at regular intervals.

Sixth item on the terms of service:

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6: Inactive accounts may be pruned and/or deleted
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BTC Guild reserves the right to prune inactive accounts from its database if they have not been accessed in more than 1 year. An account is inactive if it has not been mined on AND has not been accessed through the website in more than 1 year. A 30-day notice will be by email (if one exists) prior to the permanent deletion of any account. Any balances remaining on an account that is permanently deleted will be considered a donation to the pool.

Seventh item on the terms of service:

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7: 90 Days Notice of Closure
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In the event that BTC Guild is being closed down, users will receive a minimum of 90 days notice before all services are disabled. After 90 days notice, any unclaimed balances will be kept by the pool. The 90 day notice can be superseded by a shorter notice period if the closure is caused by US Law/Regulations forcing the pool to shutdown.

Notices of pool closure will be made on the News section of BTC Guild, a warning at the top of every page while logged in, and the Bitcointalk.org's thread for BTC Guild.


As you can tell by the giant red notice on the site, I've actually continued to allow withdrawals well beyond the 90 days, currently more than 30 days beyond previously established closing process timelines.  Even beyond that, I loosened up withdrawal rules beyond what was previously promised, removing the transaction fee (0.0001) for amounts under 0.01, and instead just making 0.0001 the minimum at no fee.

I also never exercised the account pruning option in the terms of service.  Accounts were only pruned once (on accounts dating back to 2011 when the pool was proportional and donation based), but all data was kept in a separate database and is restored upon request if somebody comes back to an old account.

RIP BTC Guild, April 2011 - June 2015
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October 14, 2015, 05:56:12 PM
 #24

I hope the last eleuthria's reply is enough to make you lock this thread and move on.

Considering all the efforts he put to close his mining pool in the RIGHT WAY, you should stop any accusations, any kind of winning because YOUR responsibility was to take care of your coins.

If you "forgot about it". How's this his problem ? Seriously ? Saying his robbing people ?

Do you want him to call you personally because you're not able to take care of your coins ?

Come on
notlist3d
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October 14, 2015, 10:18:09 PM
 #25

I hope the last eleuthria's reply is enough to make you lock this thread and move on.

Considering all the efforts he put to close his mining pool in the RIGHT WAY, you should stop any accusations, any kind of winning because YOUR responsibility was to take care of your coins.

If you "forgot about it". How's this his problem ? Seriously ? Saying his robbing people ?

Do you want him to call you personally because you're not able to take care of your coins ?

Come on

OP is honestly lucky he has not got a negative feedback yet.  The first title was really bad claiming he was robbed, then post was like i didn't get robbed! Just want attention.....

I suggest closing this topic at this point.  I think we have seen it is rare for any coins to be there, and BTC Guild has done more then most pools would at giving people a lot of time to withdraw coins.  And it should never have been used long term as a wallet.

OP at bottom left you will see close topic or something like that.  I suggest you do it and let this thread die.
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