{ANNOUNCEMENT} WBX Exchange Frozen

[bitcowok]

Impressive work Dooglus.
Got the PM, my claim also in. (uuid 1294)

Thanks!

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[Seal]

Its D Day soon. How are the numbers looking? I figure the recent price rally is a good thing for the paybacks?

[scales]

It's been a while I forgot all about this! Can't remember my login for the life of me 

Well done Douglas, top effort for staying true to your word. Is there anyways you can help me? My user was something like scales 123. The weird thing is I tried to get a new user and password on myopenid and I tried all my emails and was told there's no account linked to any of them. Stumped

[dooglus]

Its D Day soon. How are the numbers looking? I figure the recent price rally is a good thing for the paybacks?

I haven't looked.  I've heard very little from WBX clients, so I assume the site is working well.

Edit: and yes, the price rally will mean I can give back a higher percentage of everyone's outstanding balance.

It's been a while I forgot all about this! Can't remember my login for the life of me  

Well done Douglas, top effort for staying true to your word. Is there anyways you can help me? My user was something like scales 123. The weird thing is I tried to get a new user and password on myopenid and I tried all my emails and was told there's no account linked to any of them. Stumped

I didn't give any coins back yet did I!  

There's no 'scal' in an account's openid string, in any mixture of upper and lower case.  Did you use a gmail or yahoo account maybe?  Try logging in to the original WBX site and see if that helps remind you.  Maybe your browser saved details for that site?

Do you remember your userid?  Do you have any email correspondence with myself or Andre?

Edit2: I see this:

On the 24th February I deposited $180 cash into the WBX commonwealth account.  At the time it did not occur to me to check WBX for any problems. I couldn't believe it when I read the site news the next day and never did I think it would drag on this long.

Did you create your account shortly before 24th Feb?  I can see the date that each account was created, so that could narrow it down.

Did you make any other deposits, withdrawals, trades, anything?  Maybe that can help me work out which account is yours.

Give me something to go on, basically!

[scales]

I'm away in the bush at the moment but ill try recall what I can. First deposit would of been around mid to late January of $80 I believe. Then the second one of $180 which did not make it on to my account. So if there's someone with 1 deposit of $80 and joined around mid to late November 2011 that's me.
I do have some correspondence with Andre but that didn't help recall my username.
I'll be back on the 13th and I can get those correspondence to you.

Thank you

[dooglus]

I'm away in the bush at the moment but ill try recall what I can. First deposit would of been around mid to late January of $80 I believe. Then the second one of $180 which did not make it on to my account. So if there's someone with 1 deposit of $80 and joined around mid to late November 2011 that's me.
I do have some correspondence with Andre but that didn't help recall my username.
I'll be back on the 13th and I can get those correspondence to you.

Did you make a single bitcoin withdrawal from WBX in late January 2012?

[dooglus]

I'm away in the bush at the moment but ill try recall what I can. First deposit would of been around mid to late January of $80 I believe. Then the second one of $180 which did not make it on to my account. So if there's someone with 1 deposit of $80 and joined around mid to late November 2011 that's me.
I do have some correspondence with Andre but that didn't help recall my username.
I'll be back on the 13th and I can get those correspondence to you.

Did you make a single bitcoin withdrawal from WBX in late January 2012?

I guess you're busy.  I'll add $180 to the total amount owed when calculating the refund percentage.

I just went through the notes left on the site.  One person asks:

"Yes the balance is correct however as you can see I mainly have AUD in my account is there anyway I can withdraw the amount?"

Note that I'll be working out the total amount owed in BTC, by converting AUD to BTC at the exchange rates as of tomorrow, and refunding outstanding balances in BTC proportionally.  So if the total outstanding is 2500 BTC and I'm holding 2000 BTC then I'll pay everyone back 80% of the total they're owed.  (I'm actually holding around 1768 BTC; the above numbers are just to make the example easier).

[dooglus]

Has anyone heard from Brendio recently or have any way of contacting him?

I've emailed him (using his brendio.com email address) about the claim site, but he's not put in a claim.

His profile says "Last Active:   January 11, 2013, 07:58:24 PM".  Hope he's alright!

[dooglus]

I just went through the claim site's database and made adjustments based on all the documentation that people have provided me with relating to database errors (withdrawals and deposits that never went through, etc.).

If your balance used to be incorrect, please check now and let me know if it's still incorrect.

Other than scales - I've not modified your balance because
  1) you didn't provide any proof of deposit and
  2) I don't know your account number

I'll add $180 to the total amount owning, since that's what scales says he's owed, and will talk with him when he gets back from his bush adventure about the details.

The totals owed are $28,180 and 1,769 BTC.

Currently, the exchange rates are:
    1.00 BTC = 46.400 USD
    1.00 AUD = 1.02105 USD
so if we were using those rates, the total amount owed would be
    28180 * 1.02105 / 46.400 + 1769 = 2389.11 BTC,
and so the payout would be
    1768 / 2389.11 = 74%.

I'll check the final rates tomorrow and post again, then make the payouts.

[dooglus]

So it's time.

The MtGox price was $48.16/BTC:



The fiat exchange rate was 1.02733 USD/AUD:



So the payout is 74.6377%.

I'll make the payouts now.

Edit: done.

[paulzag]

Thanks Dooglus

What time PDT did the payouts begin?

[dooglus]

Thanks Dooglus

What time PDT did the payouts begin?

3:55pm.  Shortly after the blockchain forked.  I don't know what the state of things regarding the fork is yet.  Did you not receive your payment?

Edit: the hard fork is over, and all my payments finally got confirmed on the 0.7 chain.

Here's the last of them, delayed almost 10 hours by the fork:

[paulzag]

Yes I got aught in the blockchain fork, but all good now. Of course MtGox has come off $6 in that time :}

[dooglus]

Yes I got aught in the blockchain fork, but all good now. Of course MtGox has come off $6 in that time :}

It's weird that a date I set a couple of months in advance just happened to be pretty much the peak price, and so resulted in the highest percentage payout.

It looks like the MtGox price recovered pretty well from the panic selloff during the fork.

[mOomOo]

Thanks Dooglas.  Love your work!     Just in case others have the same issue I didn't receive the payment in MultBit until I reset the block-chain and resynchronized from a week ago.

So how many bitcoins got claimed and how much is left?   What is the plan for the unclaimed coins?

[dooglus]

Thanks Dooglas.  Love your work!     Just in case others have the same issue I didn't receive the payment in MultBit until I reset the block-chain and resynchronized from a week ago.

So how many bitcoins got claimed and how much is left?   What is the plan for the unclaimed coins?

There are enough left that everyone who put in a claim could be given the extra 26ish% to make their claim whole.  So long as nobody else comes forward later to make a claim.

As of yesterday, all outstanding balances (unclaimed, and the 24% remaining in claimed accounts) can be considered to have been converted to BTC at yesterday's exchange rates.  I don't know how long to keep the coins available for new claimants.  I wasn't expecting to hear from anyone new after yesterday's payout, but that's exactly what just happened, and so I just paid out another account.

[mOomOo]

Maybe pick a date and stick to it?  How about end of financial year... 30th June / 1st of July.  That's getting pretty close to a year and a half after the exchange went down.

[Seal]

Thanks Dooglas.  Love your work!     Just in case others have the same issue I didn't receive the payment in MultBit until I reset the block-chain and resynchronized from a week ago.

So how many bitcoins got claimed and how much is left?   What is the plan for the unclaimed coins?

There are enough left that everyone who put in a claim could be given the extra 26ish% to make their claim whole.  So long as nobody else comes forward later to make a claim.

As of yesterday, all outstanding balances (unclaimed, and the 24% remaining in claimed accounts) can be considered to have been converted to BTC at yesterday's exchange rates.  I don't know how long to keep the coins available for new claimants.  I wasn't expecting to hear from anyone new after yesterday's payout, but that's exactly what just happened, and so I just paid out another account.

Huge thanks dooglas. I assumed there would be a full payout for those who stepped forward at the 1 year mark. I was a little confused to see paybacks sitting at 75%. Its already been very very dragged out as it is.

[bitcowok]

Recieved. Thanks Dooglus! 

In an age of constant bitcoin scams and pain in general, your outright honesty and effort to do the right thing has blown me away, to be frank.  Both your work and your ethics are outstanding. Well done!

I'll be watching to see if the remainder gets used up or not.

[dooglus]

In an age of constant bitcoin scams and pain in general, your outright honesty and effort to do the right thing has blown me away, to be frank.  Both your work and your ethics are outstanding. Well done!

Thanks. 

You should say something nice on my OTC Web of Trust rating...