I've written a message to bips.me today.

Bitcoin is currently plunging in value, and I believe that this now gives this company a change to survive.

As we've discussed, there is NO WAY that bips.me will be able to continue as a viable merchant processor (or with any other function), if it does not reimburse users whose bitcoins were stolen due to poor security in the bips.me wallet.

As I wrote previously, I believe bips.me has two options.

1) Go out of business. Shut down the bips.me website. Possibly, in the future, quietly open with a new domain, brand name, etc.

2) Reimburse users whose bitcoins were stolen in November 2013.

This is an open call to bips.me: The time to save your business by taking step #2 above is NOW. If you lost 1200 bitcoins in the theft, my guess is that less than 600 of these were held by external users. If that estimate is correct, this means you could ensure the survival of your business for less than $250,000.

Please do this, and we'll all wish you well in future endeavors.