Post
Topic
Board Service Announcements
Re: bitfloor needs your help!
by
DeathAndTaxes
on 18/09/2012, 15:37:22 UTC
I would prefer he actually say it than just assume it. I'm not asking for a specific on how or when just a simple "and repay stolen BTC" would be enough.

He also said he doesn't want to spread misinformation before anything is 100% assured.
I'm certain he's trying his hardest to get the site back operational and to pay back all that was lost. He's simply covering his ass just a little (since we all know how people can get on these forums).

So basically I need the help of the community to get bitfloor up and running but I don't feel comfortable giving you even the slightest hint at if we plan to paying the stolen bitcoin back. I'm ok with him not being specific to how much or how long or any of those kind of details a simple "make right what was lost" would be enough. There is a difference between not trying to spread misinformation and avoiding something altogether. The response from the community should be we don't feel comfortable supporting you until you have made it clear accounts will be repaid.

It is entirely possible bitfloor will go bankrupt.  It needs new investors (and new capital) to restart.  Those investors may (almost certainly will) have requirements and conditions.  Making promises (even open ended and vague) is counter productive. 


Quote
a simple "make right what was lost" would be enough
It is never that simple.  bitfloor, Inc doesn't have the funds to make right.  Period.  To make it right requires attracting new capital. Making promises before you have the ability to execute them is just false hope.  I am fairly confident that bitfloor will attract the capital it needs.  I have even indicated I am willing to provide some of that capital however "fixing" a loss like this is tricky.  The deal has to make sense for current creditors, it has to make sense for Roman, it has to make sense from a business perspective (being competitive, properly capitalized), and it has to make sense for investors.

Roman is doing the right thing IMHO.  That doesn't mean creditors will get paid, it must means blabbing on the forum makes it LESS LIKELY creditors will get paid.