TradeHill - Who we are

[Jered Kenna (TradeHill)]

Dear Members of the Bitcoin Community, Customers, Partners, and Friends!
Many of you are aware that TradeHill opened up last week just before ‘Black Friday’. To say the least, it kept us extremely busy. Now that we are caught up, we thought to formally introduce ourselves.

But first, our principles. Summed up by the following quote:

“Truth — more precisely, an accurate understanding of reality—
is the essential foundation for producing good outcomes.”
Ray Dalio, Bridgewater Associates.

In the spirit of the above words, we promise our full skills, abilities and values to ensure accuracy, responsibility, and honesty in dealing with each other, our customers, our partners, and the world.

Adam Stradling
Co-founder at TradeHill.


Five years experience as a Business Development Executive in banking, finance and technology. Over the last 3 years he has been working at Evalueserve consulting with major investment banks and hedge funds to build offshore research centers focusing on quantitative finance, data analytics and investment technology. Previously worked for General Electric in Schenectady, NY (during college), then at Terrapinn in Manhattan, NY, NY. Currently working toward his Certificate of Quantitative Finance. He graduated with a degree in Materials Science & Engineering from Rensselaer Polytechnic Institute in Troy, NY.


Francisco Dagnino
Co-founder at TradeHill.

Recently left his full-time job working with one of the top three largest retail and commercial banks on their data analytics and database engineering team at Evalueserve. Seven years professional experience working on technological projects as an analyst and manager.  Francisco has programming skills in SQL, VBA, and more. He has left EVS to work full-time on building Tradehill. Currently living in San Francisco.  


MJD
Co-founder at TradeHill.


Serial entrepreneur having started multiple successful companies including an automated trading firm, an engineering consulting firm, and a mobile software company boosting over 300 iPhone Applications.  Previously the head of software development for a Los Angeles based start-up commercial spaceflight company. Background in cognitive science and computer engineering.


Jered Kenna
Co-founder at TradeHill.

Former Marine and professional soldier in Afghanistan. After serving his country, he was lured into working for Halliburton. During which, he developed a palpable distaste for unethical and fraudulent business practices. He is originally from Independence, Oregon (the end of the Oregon Trail if you remember that). Currently living in and working for TradeHill from San Francisco.

We are all 29 to 31 years old.
We are keeping an open mind to working with different individuals/firms so we encourage people to introduce themselves.
We would like to thank all of our new customers, partners, and friends. We are excited, motivated, and focused on working toward the end goal.
Please let us know if you have any questions.

Thank you!
The TradeHill Team

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[Jered Kenna (TradeHill)]

reserved

[chihlidog]

If you hope to become the go-to place to trade BTC, I sure hope you upgrade your servers to handle high volumes of traffic.

[Steve]

If you are half the honorable people you claim to be, you will do what you can to help mtgox sort out their issues.  There is plenty of room for you, mtgox and probably 10 other exchanges in this market.  What hurts mtgox, hurts bitcoin and hurts you too.

[Chick]

Haha! Great timing! Love you guys!

[paulie_w]

i wish you luck guys.

your marketing and timing has been astoundingly brilliant so far.

[borgfish]

nice timing... lol
where is the eur withdrawal ?

[Elokane]

Nice timing. So good, in fact, that your site can't handle the traffic.

now, if only your site wasn't useless to me as a non-US citizen without a US bank account.

[andrepcg]

if tradehill accepts SEPA transfers,i can start using it. otherwise, i'll stick to mtgox

people need to understand that not everybody is from USA.

if Tradehill starts to accept EU deposits/withdraws, i'll use it for sure

[jhansen858]

Your site is slow....Add more capacity

[Jered Kenna (TradeHill)]

We can accept international wires. If you want to buy Bitcoin with any currency.
Go to your bank, buy USD and then wire it in.
SEPA is coming ASAP, we are growing as fast as possible.
We don't want to over extend ourselves and fail. We would much rather provide a reliable service.

In regards to the servers we're on it. It's one thing to grow quickly and another to have the entire Bitcoin world try to log in at once.

[paulie_w]

tell us about your security infrastructure. some details. how can we trust you?

[chihlidog]

We can accept international wires. If you want to buy Bitcoin with any currency.
Go to your bank, buy USD and then wire it in.
SEPA is coming ASAP, we are growing as fast as possible.
We don't want to over extend ourselves and fail. We would much rather provide a reliable service.

In regards to the servers we're on it. It's one thing to grow quickly and another to have the entire Bitcoin world try to log in at once.

If BTC is to take off, it needs to be able to be traded QUICKLY. Im glad to hear you are working on the servers. I hope you do get them sorted. Any plans for adding an option for faster funding? Waiting days for a bank transfer isnt cool, either.

[fascistmuffin]

Are you guys learning from Mtgox's mistakes/shortcomings? I foresee Tradehill increasing in traffic and volume in the next few days with what's been going on with Mtgox. This means you guys will be the new targets on the block.

And be prepared for website scaling.  

[broker11]

Can I buy BTC for $0.01 like on Mt. Gox?

[Isosceles]

TradeHill - Given the same issue as MtGox (a compromised large account), how would you deal with it and protect the marketplace?

https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback

Huge Bitcoin sell off due to a compromised account - rollback

Mark Karpeles
posted this on Jun-20 04:07
The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).

Service should be back by June 20th 10:00am (JST, 01:00am GMT) with all the trades reversed and accounts available.

One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to buy those again just after, and then tried to withdraw the coins. The $1000/day withdraw limit was active for this account and the hacker could only get out with $1000 worth of coins.

Apart from this no account was compromised, and nothing was lost. Due to the large impact this had on the Bitcoin market, we will rollback every trade which happened since the big sale, and ensure this account is secure before opening access again.

0 People found this helpful - Me too!

[Jered Kenna (TradeHill)]

We can accept international wires. If you want to buy Bitcoin with any currency.
Go to your bank, buy USD and then wire it in.
SEPA is coming ASAP, we are growing as fast as possible.
We don't want to over extend ourselves and fail. We would much rather provide a reliable service.

In regards to the servers we're on it. It's one thing to grow quickly and another to have the entire Bitcoin world try to log in at once.

If BTC is to take off, it needs to be able to be traded QUICKLY. Im glad to hear you are working on the servers. I hope you do get them sorted. Any plans for adding an option for faster funding? Waiting days for a bank transfer isnt cool, either.

If we receive a wire before 5PM EST our bank will normally clear it the same day and we can credit it the same day. We can't say this 100% as it's possible for delays in the banks but we have had a lot come in very quickly. We're hiring people as fast as reasonably possible. We want to maintain good customer service and don't feel it's fair to deploy anyone on their own that isn't completely familiar with Bitcoin and how we operate.

In regards to security our lead coder could speak more specifically but I do know that he is taking every precaution and security is paramount. You will see a few changes soon that should make you feel more secure as well.

Regards,
Jered

[Tx2000]

Need the option to deal with Canadian currency.

[KingFisher9]

This might be a completely ridiculous question, but here it goes anyway....

Did you have anything to do with the Mt Gox crash?

Your timing of officially introducing yourself on the forum is just WAY too perfect to think that it was a coincidence. The only other possibilities I can think of at this point is that you are just sitting here waiting for Mt Gox to mess up or you just happen to see the big screw up and you rush your introduction.

[chihlidog]

Well I give you kudos for jumping on the obvious opportunity here, and I hope the Tradehill leadership stays in contact with the community like this. Looking forward to seeing the improvements and hopefully making a buck.