Bitoption Status Thread

[bitoption]

Hi Enky,

Actually you asked for a refund on an option you purchased before we swapped over. I offered to buy it from you at the greater of the price you paid or the intrinsic value.

That's a little different.

My quick update is that we're rewriting the Exchange API to deal with numerous changes made at Mt. Gox; Gox had gone dark on us for a while, but I think we're close to having feature parity from before the crash, based on some API additions Mark made last night.

Sorry for being out of touch; my life got crazy. As penance, I've hired a support person and programmer, Bitoption Support on the forums. He'll be in and commenting and helping out M-F at the least.

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[DamienBlack]

@bitoption

Glad to see this is still moving forward, I was starting to think this was a lost cause. Please prove me wrong soon.

In the meantime, I cannot withdraw my bitcoins, which as I'm sure you can imagine is very worrisome to me.

What should I do?

[Enky1974]

Hi Enky,

Actually you asked for a refund on an option you purchased before we swapped over. I offered to buy it from you at the greater of the price you paid or the intrinsic value.

That's a little different.

No, you offered a refund, i never asked for it, i always asked to have my original call option back:)
when you offered a refund, i said yes, let's talk about it, i dont want to have a loss due to that problem etc..... but you answered saying that you were going to refund me the initial price of the option but i never received the money and i was a bit annoyed, that's all.
aniway i received the refund, thanks, it's ok, i hope the best for you and your service.
Cya

[franzl]

Hi,

I would like to withdraw my funds because I don't think there's any progress being made on the bitoption site lately...

How can I withdraw dollars?
(I can't exchange those for BTC, because that's not working...)

When I withdraw BTC it says: "transfer of **** btc failed. Sorry! We logged the incident and will respond soon."

How can i withdraw my dollars and BTC?

Regards,

Frans.

[bitoptionSupport]

Hi all,

Here's an update: I have reworked most of the system, including how we hold bitcoin, and how we deal with withdrawals. Please read the following information:

NOT WORKING STILL

• Purchasing And Selling Contracts
• The Bitoption BTC Page
• Auto-exercise of contracts
• The Trading API

Working

• Transfers from here to Mt. Gox
• Transfers back from Mt. Gox
• Withdraw and Deposit
• Detailed history of all transactions
• The Contracts Tab

Change in Functionality: We have moved to a multi-exchange system; this means we can hold your Bitcoin for you if you prefer not to have it in Mt. Gox. Transfers between exchanges are relatively speedy. Due to how Mt. Gox works (and also what we feel are best practices) we only send and receive BTC through our own wallet now; this means you will need to have BTO-BTC to withdraw.
Ryan and I are still working feverishly, the market making bot is ready to go, and needs a few hooks written on the exchange side. I worked 22 hours yesterday, and roughly 60 hours in the last 4 days; we are very close to a much improved exchange. Thanks for your patience.

Questions: please e-mail ryan@bitoption.com or admin@bitoption.com.

Bitoption Admin

[franzl]

Thank you for your PM and all the hard work you've done!
I'm glad to see there's still a lot going on.

I'll keep my funds @bitoption...

[Stephen Gornick]

I see the site has changed and now says it is undergoing "finalized support for market makers".
 - https://bitoption.org

[Ragnar17]

I would be very interested but the site has not worked for me once yet. Is the site down or something? Or is it just me...

[chungenhung]

I would be very interested but the site has not worked for me once yet. Is the site down or something? Or is it just me...

site is down for me too.

[brendio]

The site has been down since the Mt Gox hack. When was that? About a year ago? I do miss it. I'm still waiting for a good alternative.

[Stephen Gornick]

I'm still waiting for a good alternative.

The most liquid alternative:
 - http://en.bitcoin.it/wiki/MPEx

Potential, but no trading on it yet:
 - http://www.BitcoinOPX.com

Then there is icbit.se futures:
 - http;//www.icbit.se

As always, there are various risks with these.