bitfloor issues?

[SpottedMarley]

I was keeping hope after the last update by Roman but I have now just signed the dept off in my mind.

I do know I will not touch anything Roman is running, it is clear he needs A.D.H.D meds and also really has no empathy for other people aka his customers.  If he really gave a rats ass about anyone but himself he would be posting daily updates of some sort.  This "can't talk about it" is bullsh*t, he could at least be vague about his due-diligence but instead he twitters all his other travels and events like nothing has happened.

He really should not be running squat from the updates on Bitcoin Musings it sounds like he is not passing information to his lawyer, another thing one would do if they actually felt bad about what happened.  It just sounds like he is a "coder" hippie.  One that like to code the stuff, be "in" and has absolutely no interest or care in everything else that actually matters when running a business.

Well, according to his own tweets he will be back in NY from his NorCal vagabond vacation sometime in the first weeks of June.. which should be relatively shortly (relative to how long we've already been made to wait that is) so I dare say we may actually hear a new word out of Shtylman sometime in the next week .. or two? God who the fuck knows

[Rassah]

I was keeping hope after the last update by Roman but I have now just signed the dept off in my mind.

I do know I will not touch anything Roman is running, it is clear he needs A.D.H.D meds and also really has no empathy for other people aka his customers.  If he really gave a rats ass about anyone but himself he would be posting daily updates of some sort.  This "can't talk about it" is bullsh*t, he could at least be vague about his due-diligence but instead he twitters all his other travels and events like nothing has happened.

He really should not be running squat from the updates on Bitcoin Musings it sounds like he is not passing information to his lawyer, another thing one would do if they actually felt bad about what happened.  It just sounds like he is a "coder" hippie.  One that like to code the stuff, be "in" and has absolutely no interest or care in everything else that actually matters when running a business.

Well, according to his own tweets he will be back in NY from his NorCal vagabond vacation sometime in the first weeks of June.. which should be relatively shortly (relative to how long we've already been made to wait that is) so I dare say we may actually hear a new word out of Shtylman sometime in the next week .. or two? God who the fuck knows

Bitfloor - The BFL of Bitcoin Exchanges.

[wtfvanity]

Bitfloor - The BFL of Bitcoin Exchanges.

I like it. Not completely accurate, but funny enough. Roman doesn't give fake deadlines. He just doesn't care.

[Dr3AM$cAp3]

>Roman Shtylman
>Rom an Shtyl man
>Rom and Shteal man
>Roam and steal, man

[Rassah]

>Roman Shtylman
>Rom an Shtyl man
>Rom and Shteal man
>Roam and steal, man

Weak 

[SpottedMarley]

Blow men, steal mon (ey)

[infested999]

I was keeping hope after the last update by Roman but I have now just signed the dept off in my mind.

I do know I will not touch anything Roman is running, it is clear he needs A.D.H.D meds and also really has no empathy for other people aka his customers.  If he really gave a rats ass about anyone but himself he would be posting daily updates of some sort.  This "can't talk about it" is bullsh*t, he could at least be vague about his due-diligence but instead he twitters all his other travels and events like nothing has happened.

He really should not be running squat from the updates on Bitcoin Musings it sounds like he is not passing information to his lawyer, another thing one would do if they actually felt bad about what happened.  It just sounds like he is a "coder" hippie.  One that like to code the stuff, be "in" and has absolutely no interest or care in everything else that actually matters when running a business.

This exactly. If I had known anything about Roman I would not have used BitFloor.

[Entropy-uc]

I was keeping hope after the last update by Roman but I have now just signed the dept off in my mind.

I do know I will not touch anything Roman is running, it is clear he needs A.D.H.D meds and also really has no empathy for other people aka his customers.  If he really gave a rats ass about anyone but himself he would be posting daily updates of some sort.  This "can't talk about it" is bullsh*t, he could at least be vague about his due-diligence but instead he twitters all his other travels and events like nothing has happened.

He really should not be running squat from the updates on Bitcoin Musings it sounds like he is not passing information to his lawyer, another thing one would do if they actually felt bad about what happened.  It just sounds like he is a "coder" hippie.  One that like to code the stuff, be "in" and has absolutely no interest or care in everything else that actually matters when running a business.

This exactly. If I had known anything about Roman I would not have used BitFloor.

How could you have NOT known about the 25000 BTC he defaulted on last year?

I'm sure it sucks to be in the latest group of people to be ripped of by Roman, but you all did business with him knowing he had already screwed people for hundreds of thousands of dollars.  A good many of you jumped all over my ass for complaining about his continued operation while he was insolvent.

The reality is he never produced proof of the fall 2012 hack, just as he has not provided any proof that his accounts have been shut down.  For all you know Capital One closed his accounts because they were being overdrawn on a regular basis.

[BCB]

He's blocked even the bitcoins in Bitfloor accounts. THERE IS NO GOOD REASON TO BLOCK THOSE BITCOINS.

What the hell? Why is this the first time anyone has even bothered to bring this up? I was under the impression that all Bitfloor bitcoins could still be easily pulled out, and have been.

Perhaps in your blind rabid defense of an incompetent you missed that in the first days of this disaster?
You other defense about Bank B not being obligated to cash it is correct, BUT I think you miss the point, Bank A (who issued the check) MUST cash it BY LAW.  

Minor Miner, don't argue with the internet lawyers. They are much smarter than you. Especially when they are a internet professor AND an internet lawyer. You can't win.

I am putting together an introduction packet to take to my bank.  This is with a view of having a place that will accept the bitfloor check and disburse the money to it's rightful owners.  I do not expect this effort to bear fruit, but I plan to do it right.

In that letter, I will give my personal 1 page introduction to bitcoin, and a reference to the March FinCEN clarification, and a cover letter telling how bitcoin fits into the bank's business and gives them an advantage with their existing customer base.

I have heard that there is an FBI position document on bitcoin.  I do not know if this is public, or leaked.  I would like to avoid having a leaked document in my packet.

If anyone has some links to other documents I invite you to mention them here.  I want to have all of the negative and restrictive news in my opening packet, so that the bank can't discover anything that I have failed to include.  I think these documents should be from federal agencies, recognized financial groups, or other sources likely to be valued by bankers.  I will not use any sources from Destroy Banks for Anarchy and the like.  The Rolling Stone and Mother Jones would be good sources, if they have published anything.

It would also be helpful to have a list of those places that have been closed or brought under scrutiny.  Again, if the bank finds out from me, I am still credible.  If their due diligence shows that I have been transparent, I maintain my credibility.

Good luck with that.  Please report back

Here is the link to the FBI paper

http://www.wired.com/images_blogs/threatlevel/2012/05/Bitcoin-FBI.pdf

Just came back from a meeting with Chase Bank.  They would not open a new business account for any business dealing in any type of currency, digital or otherwise.  Too much pressure from the FED.

[Minor Miner]

Good luck with that.  Please report back
Here is the link to the FBI paper
http://www.wired.com/images_blogs/threatlevel/2012/05/Bitcoin-FBI.pdf
Just came back from a meeting with Chase Bank.  They would not open a new business account for any business dealing in any type of currency, digital or otherwise.  Too much pressure from the FED.

Interesting read.   Wonder who are the FBI agents that seem to hang out on this site? 
Can you tell us a little more about your chase meeting?   Like the level of contact that told you this, and your background as a business customer of Chase?   Also, did you tell them you were going to be a MSB business?

It would seem that BFL is not having much problem keeping their account open and most of their payment processor problems seem to stem from the number of customer complaints.   Do you think that is because they are merely a vendor of machines?

[BCB]

Good luck with that.  Please report back
Here is the link to the FBI paper
http://www.wired.com/images_blogs/threatlevel/2012/05/Bitcoin-FBI.pdf
Just came back from a meeting with Chase Bank.  They would not open a new business account for any business dealing in any type of currency, digital or otherwise.  Too much pressure from the FED.

Interesting read.   Wonder who are the FBI agents that seem to hang out on this site? 
Can you tell us a little more about your chase meeting?   Like the level of contact that told you this, and your background as a business customer of Chase?   Also, did you tell them you were going to be a MSB business?

It would seem that BFL is not having much problem keeping their account open and most of their payment processor problems seem to stem from the number of customer complaints.   Do you think that is because they are merely a vendor of machines?

You can be certain that the FBI, CIA, SEC and other three letter agencies all have at least interns browsing these pages.

Chase meeting was with a banker and a manager.  Neither of them had any idea about bitcoin.  But the did seem to be reacting to directives from the Treasure/FED/Bank Regulators that ANY currency business is problematic.    I told them we had registered with FinCEN as an MSB but that did not matter.  The risk profile for the business line was enough for them to nix it.

I'm not familiar with BLF's banking or payment processing problems.  But they are shipping a physical product and they are not in the currency business.

[Entropy-uc]

Good luck with that.  Please report back
Here is the link to the FBI paper
http://www.wired.com/images_blogs/threatlevel/2012/05/Bitcoin-FBI.pdf
Just came back from a meeting with Chase Bank.  They would not open a new business account for any business dealing in any type of currency, digital or otherwise.  Too much pressure from the FED.

Interesting read.   Wonder who are the FBI agents that seem to hang out on this site? 
Can you tell us a little more about your chase meeting?   Like the level of contact that told you this, and your background as a business customer of Chase?   Also, did you tell them you were going to be a MSB business?

It would seem that BFL is not having much problem keeping their account open and most of their payment processor problems seem to stem from the number of customer complaints.   Do you think that is because they are merely a vendor of machines?

You can be certain that the FBI, CIA, SEC and other three letter agencies all have at least interns browsing these pages.

Chase meeting was with a banker and a manager.  Neither of them had any idea about bitcoin.  But the did seem to be reacting to directives from the Treasure/FED/Bank Regulators that ANY currency business is problematic.    I told them we had registered with FinCEN as an MSB but that did not matter.  The risk profile for the business line was enough for them to nix it.

I'm not familiar with BLF's banking or payment processing problems.  But they are shipping a physical product and they are not in the currency business.

I would shop your plan around to local credit unions.  They have the same access to the clearing system as the wall street banks, and with persistence you can get access to decision makers.

[BCB]

Good luck with that.  Please report back
Here is the link to the FBI paper
http://www.wired.com/images_blogs/threatlevel/2012/05/Bitcoin-FBI.pdf
Just came back from a meeting with Chase Bank.  They would not open a new business account for any business dealing in any type of currency, digital or otherwise.  Too much pressure from the FED.

Interesting read.   Wonder who are the FBI agents that seem to hang out on this site?  
Can you tell us a little more about your chase meeting?   Like the level of contact that told you this, and your background as a business customer of Chase?   Also, did you tell them you were going to be a MSB business?

It would seem that BFL is not having much problem keeping their account open and most of their payment processor problems seem to stem from the number of customer complaints.   Do you think that is because they are merely a vendor of machines?

You can be certain that the FBI, CIA, SEC and other three letter agencies all have at least interns browsing these pages.

Chase meeting was with a banker and a manager.  Neither of them had any idea about bitcoin.  But the did seem to be reacting to directives from the Treasure/FED/Bank Regulators that ANY currency business is problematic.    I told them we had registered with FinCEN as an MSB but that did not matter.  The risk profile for the business line was enough for them to nix it.

I'm not familiar with BLF's banking or payment processing problems.  But they are shipping a physical product and they are not in the currency business.

Yes the Chase Bank Manager recommended a Credit Union also.  FYI Dwolla's partner is Veridian Credit Union.

[Entropy-uc]

Yes the Chase Bank Manager recommended a Credit Union also.  FYI Dwolla's partner is Veridian Credit Union.

LOL wasn't Veridian the name of the mega-corp in that sitcom 'Better off Ted'?

Good luck with your venture.  If you execute well you could own a credit union in a year or 2.

I thought about buying out a payday loan place for access to the banking system.  But the karma of their business model... ICK!!

[TheButterZone]

Yes the Chase Bank Manager recommended a Credit Union also.  FYI Dwolla's partner is Veridian Credit Union.

LOL wasn't Veridian the name of the mega-corp in that sitcom 'Better off Ted'?

Veridian Dynamics, unfortunate initials.

[SpottedMarley]

Here's a recent Roman Shtylman Twitter corespondence where Bitfloor is mentioned: (https://twitter.com/defunctzombie)

------------------------------------------------------------------------------------------------

George Burke ‏@geoburke 5 Jun:
@defunctzombie Awesome idea @shamoons and I have for you Re Bitfloor. Just looking to understand trading habits of Bitfloor members. DM me

Roman Shtylman ‏@defunctzombie 5 Jun
@geoburke @shamoons feel free to just email me. Twitter not ideal for these conversations :)

------------------------------------------------------------------------------------------------

So at least we have some proof that Roman actually remembers what Bitfloor is.

[BCB]

Is roman already working for crypto.st??

[Minor Miner]

Is roman already working for crypto.st??

He cannot be since he is "working night and day" to get everybody their money back from Bitfloor accounts.  Surely, he could not focus on something else until that is finished?

[infested999]

So when can we get a statement that Roman owes us the money that he owes us and we can sell this off to a debt collector?

[SpottedMarley]

Hey everybody! Roman has actually responded to a twitter inquiry about Bitfloor funds! Here it is:

M ‏@DaPlaneBoss 3hours ago
@defunctzombie @binarybits yo, I could really use that $ I had in My @bitfloor account. Any progress on getting refunds processed?

Roman Shtylman Roman Shtylman ‏@defunctzombie 31minutes ago
@DaPlaneBoss @binarybits progress is being made. Hopefully have solid updates soon.

M M ‏@DaPlaneBoss 27m
@defunctzombie @binarybits thx. Good luck. I know its not easy.

Roman Shtylman Roman Shtylman ‏@defunctzombie 26minutes ago
@DaPlaneBoss @binarybits no, it is not and takes time. But I assure you it is being worked on.