Post
Topic
Board Service Announcements
Re: bitfloor needs your help!
by
Joe200
on 04/09/2012, 20:38:55 UTC
Thank you for allowing ACH withdrawals.

Could you please allow trading to resume? Then the people who really want to get out will be able to sell their bitcoins (for a fraction of their price outside of bitfloor). And people who are speculating that things will turn out will be able to buy up those bitcoins and potentially make money.

I think this will reduce the amount of customer discontent.

The problem with this is that there isn't enough coins to cover all (any?) withdrawal requests.

People can withdraw USD.

Say, I had 100 BTC sitting on bitfloor before the hack. You had 100 USD. I give you the claim to my BTC, you give me your USD. I withdraw your USD (since that part was not compromised, right?). You have the claim to the 100 BTC. If, at some point in the future, some or all BTC will be paid out, you will get paid for that claim. If not, you lose. But you went in knowing that it was speculative. So we're both happy (or happier).