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Author Topic: {ANNOUNCEMENT} WBX Exchange Frozen  (Read 45341 times)
Seal
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January 28, 2013, 07:59:00 PM
Last edit: January 28, 2013, 08:34:37 PM by Seal
 #361

What are the thoughts on how things are going to be distributed? eg.  Where to send the bitcoins?

I'm thinking I'll put up a very cut-down clone of the WBX software which will allow you to log in using the same OpenID credentials as you used at WBX, and will ask you for a bitcoin address for the funds to be sent to, and will allow you to make additional comments about your account, and upload supporting documentation.

What's not clear is how long to wait before distributing the funds.  I guess the first set of funds can be distributed immediately upon the 1 year anniversary, which will be calculated with the assumption that everyone will put in a claim.  But I doubt everyone will, so there will be some funds left over - and I don't know what to do with those.  Some people will presumably find out about the repayments late.  I want to still be able to refund them up to some point in time and not have to tell them "sorry - you're too late".  But I don't want to be holding funds indefinitely hoping for claimants to come forward.  So I guess some kind of cut-off date is needed.

Ideas?

- Set up the site, give everybody x months to place a claim.
- Make payments
- Job done

* Make it very clear that those who do not submit a claim will lose out. This is as similar to a real liquidation process where the information of debtors is not readily available.

The choice is yours dooglus, but something tells me you'd rather be rid of this mess sooner rather than later.

Additionally, I'd like to add that given so much time is passed. I'm after quick action to be taken and a shorter 1 month claim window to be used.

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January 29, 2013, 01:58:42 AM
 #362

- Set up the site, give everybody x months to place a claim.
- Make payments
- Job done

* Make it very clear that those who do not submit a claim will lose out. This is as similar to a real liquidation process where the information of debtors is not readily available.

The choice is yours dooglus, but something tells me you'd rather be rid of this mess sooner rather than later.

Additionally, I'd like to add that given so much time is passed. I'm after quick action to be taken and a shorter 1 month claim window to be used.
So your saying make the calculation and payment at the end of the month (or time chosen)?   I guess this does make sense and resolves things for everyone in a much shorter time frame and if people agree would allow a fee to be taken by Dooglas for his time.   
I am also all for getting this resolved sooner rather than later.  I signed up for this site for the sole reason of posting to this thread.   Also it was fairly easy to find this thread with a quick google search so anyone who cares about the money they had in WBX has had a year to go looking and keep an eye on this thread.  Dooglas has also previously posted his email address in this thread to have people contact him so even if people haven't posted in the thread they should have made contact if they cared about their account.
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January 31, 2013, 10:28:16 PM
Last edit: February 01, 2013, 05:04:07 AM by dooglus
 #363

I've been putting the claim site together.

It's not finished yet, but you should be able to log in, check your balances, and upload ID documents if necessary.

I think I managed to retrieve the old WBX "duo" API keys, so those users who have 2-factor authentification turned on should be able to log on too.

Please let me know of any issues, and I'll finish the claim page real soon now.  You can PM me here, or use the 'contact' page on the claim site.

WBX Claim Site:  https://dooglus.com/wbx/

Edit: I'm using a self-signed certificate, so your browser will probably complain that it can't trust the site.

The certificate's sha256 fingerprint is:
  5E 5C 30 C8 F5 C7 A0 0F 7A 28 0E C8 4C 87 FC 96
  4F 3C 11 08 40 4E C9 59 8D DA 60 38 5C 86 5D 2D


Edit2: I bought a proper certificate now, so ignore the above.

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February 01, 2013, 05:03:42 AM
 #364

The claim site is up and running fully now I think.  Please let me know if you have any issues with it.

One problem I hadn't forseen is that for people using the 'google' or 'yahoo' links to log in to WBX, their OpenID strings are site-dependant.  This means I'm not able to provide the 'google' and 'yahoo' links on the claim site.  Instead you'll need to copy/paste your OpenID string from the WBX site into the claim site to log in.

This unfortunately makes us dependant on WBX staying up long enough for everyone to get a copy of their OpenID string.

WBX Claim Site: https://dooglus.com/wbx/

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February 01, 2013, 06:36:51 AM
 #365

Thanks Dooglas.  The site looks great.  My claim has been entered for my whopping great big reward $10aud and 12.3630 BTC   Cheesy
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February 03, 2013, 07:51:37 PM
 #366

Thanks Dooglas, claim in.

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February 03, 2013, 07:54:59 PM
 #367

Thanks Dooglas, claim in.

There's been very little traffic to the claim site.  Only 3 users have submitted their claims so far, including the 2 who posted here.

Still lots of time left I guess, but I'm surprised there wasn't a bigger response.

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February 03, 2013, 11:15:50 PM
 #368

Dooglas did many people email you last year when you posted your email address and requested people to contact you?  (I was one of those users). 
And have you notified them? (I haven't received an email).

Also is it worth PM'ing people who posted on the board at the start in case they are no longer subscribed to this thread?  (Do you have a list of those users?)
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February 17, 2013, 11:13:04 PM
 #369

Dooglas did many people email you last year when you posted your email address and requested people to contact you?  (I was one of those users).  
And have you notified them? (I haven't received an email).

Also is it worth PM'ing people who posted on the board at the start in case they are no longer subscribed to this thread?  (Do you have a list of those users?)

I think a total of 11 people emailed me when I posted my address last year.  I emailed them about the claim site yesterday.  Did you get my email?

I don't have a list of forum usernames, but you're right it would be good to PM them all.

Edit: I made a list of the posters in this thread:

     80 dooglus
     46 repentance
     38 PatrickHarnett
     36 Seal
     21 E&G
     21 Andre Jensen (World Bitcoin Exchange)
     17 sonba
     17 brendio
     12 rjk
     11 Bigpiggy01
     10 bitcowok
      7 paulzag
      7 mOomOo
      7 jaminunit
      7 Clipse
      6 psy
      4 scales
      3 bulanula
      2 XTremeEd
      2 R-
      2 MPOE-PR
      2 Maged
      2 JoelKatz
      2 Graet
      2 cryptoxchange
      1 TradeFortress
      1 Phinnaeus Gage
      1 cryptoanarchist
      1 CIYAM Open
      1 Chaang Noi (Goat) ช้างน้อย
      1 caston


Now to try to figure out how to mass-PM...

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February 18, 2013, 03:37:30 AM
 #370

Now to try to figure out how to mass-PM...

"You may not send personal messages to more than 5 recipient(s) at once." it tells me.  So I guess I'll break the list into groups of 5...

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February 18, 2013, 03:38:55 AM
 #371

Now to try to figure out how to mass-PM...

"You may not send personal messages to more than 5 recipient(s) at once." it tells me.  So I guess I'll break the list into groups of 5...

don't waste a PM on me... i sold my full balance to brendio. oops too late Wink

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February 18, 2013, 03:39:24 AM
 #372

"You may not send personal messages to more than 5 recipient(s) at once." it tells me.  So I guess I'll break the list into groups of 5...

And when I try to send to the 2nd group of 5:

"You already submitted this post! You might have accidently double clicked, or tried to refresh."

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February 18, 2013, 03:40:43 AM
 #373

"You may not send personal messages to more than 5 recipient(s) at once." it tells me.  So I guess I'll break the list into groups of 5...

And when I try to send to the 2nd group of 5:

"You already submitted this post! You might have accidently double clicked, or tried to refresh."

you gotta wait 20 seconds i think
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February 18, 2013, 03:46:54 AM
 #374

you gotta wait 20 seconds i think

Turns out I can't just hit the 'back' button in the browser after sending and edit the 'to' field.  I have to click 'new message' and copy/paste the body and subject back in.  I sent them all out now (except to Andre and repentance).

I didn't realise until just now that when I use the button next to the 'to' field of the PM composer and search for a username, it tells me their original username.  So E&G -> payb.tc for instance.  Sorry I didn't see your reply in time - you were one of the first 5, since I sent in order of number of posts in this thread.

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February 18, 2013, 03:56:06 AM
 #375

"You may not send personal messages to more than 5 recipient(s) at once." it tells me.  So I guess I'll break the list into groups of 5...

And when I try to send to the 2nd group of 5:

"You already submitted this post! You might have accidently double clicked, or tried to refresh."

Thanks for the PM, bud. Sorry to say, I won't be of any help regarding your request. I do wish you luck, though.

Quick aside, it's amazing to read how cryptoxchange came to the rescue at the onset of this thread.
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February 18, 2013, 05:45:20 AM
 #376

Dooglas did many people email you last year when you posted your email address and requested people to contact you?  (I was one of those users).  
And have you notified them? (I haven't received an email).

Also is it worth PM'ing people who posted on the board at the start in case they are no longer subscribed to this thread?  (Do you have a list of those users?)
I think a total of 11 people emailed me when I posted my address last year.  I emailed them about the claim site yesterday.  Did you get my email?
Thanks Dooglus.  I got the PM and the email!

It's going to be interesting to see how many people make a claim and how much is left over at the end.
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February 18, 2013, 11:39:33 AM
 #377

Thanks Dooglas, got the PM advice.

Now I need to work out what I'm owed, as I'm now on a new computer.

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February 18, 2013, 04:03:54 PM
 #378

Thanks, email and PM received.

To confirm, the calculation for whats owed will be worked out from the closing (last traded) price on Monday 11th March 2013?

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February 19, 2013, 12:44:25 AM
 #379

Thanks Dooglas, got the PM advice.

Now I need to work out what I'm owed, as I'm now on a new computer.

You can click the 'statement' link once you've logged in to see what the database says you're owed.  Hopefully that agrees with what you think you're owed.  If not, you can leave notes to me on the claim site to log any additional information about your claim, and can use the document upload form to upload any supporting evidence.

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February 19, 2013, 12:47:41 AM
 #380

Thanks, email and PM received.

To confirm, the calculation for whats owed will be worked out from the closing (last traded) price on Monday 11th March 2013?

I'm going to use (the last traded USD price on MtGox, and the mid-market USD-AUD exchange rate according to http://xe.com/ucc) both at 3:39pm PDT, Monday 11th March 2013, since that's the 1 year anniversary of the exchange closing down.  I have to use some price to convert owed AUD to BTC and it's quite arbitrary which I use.  The 1 year anniversary seems as good a time as any.

Edit: the choice of time and date is mentioned on the claim site news page (https://dooglus.com/wbx/?page=news) as well as in a previous post in this thread (as linked from the news page).

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