zhoutong

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VIPHero MemberActivity: 490Merit: 502 Personal contribution of 5,000 BTC to affected Bitcoinica customers July 13, 2012, 02:18:02 PM

Last edit: July 15, 2012, 07:25:17 AM by zhoutong #1 UPDATE: The program has ended.



In order to prevent further confusion, I have terminated this program. Again, this is not affiliated with Bitcoinica. It's just a voluntary donation to anyone who feels negatively impacted by Bitcoinica's actions. I do not assume responsibility for Bitcoinica's debt. I do not represent Bitcoinica in any way. I do not claim that Bitcoinica has done anything right, or wrong.



Total claim value is 81787.2334 BTC. Total available funds is 5101.01 BTC. Everyone will be paid 6.237% of their claim, rounded to nearest 0.0001 BTC. You can use the link in the email to see your eligible payout.



No complaints or disputes are accepted. You still deserve a full refund from Bitcoinica. If Bitcoinica repays you in full, or you want to financially support me for my projects in the future, I would appreciate if you can send the coins to: 1G4iqMitXTmNYvY5tDaaYANWxhwJW84sr2. I will take all the money in this address to do whatever I wanted to do otherwise.



Again, this is a no-strings-attached program for both you and me. It shouldn't affect any legal proceedings or value judgement. If you have read the Conditions of Claim carefully before you submit it, you should understand everything by now.



Payments will be sent in the next 48 hours. I'll make this as quick as I can.



UPDATE 2: Everyone has been paid!



It took me about 8 minutes of hard work to finally pay everyone something. TXIDs:



50ec12d08970ade781bda0b65c4b17cf59745828898094567c0f7bec5fce988f

045dbab77795fc1f1ba700e92c18987aaabd5793b512ecfc442d1d0154666a4c

1bb7983de928455d804f82be4156beb5f56022f7efaa51bf1b69db1bb77ca31b



Everyone who submitted a claim and verified through email has been deemed as accurate. I have also checked the top list and I can recognize all usernames. If you have intentionally/unintentionally submitted a wrong claim, please pay me back so that I can build good stuff for the world. (Sponsor Zhou Tong @ 1G4iqMitXTmNYvY5tDaaYANWxhwJW84sr2)





=========== Archive ============



Dear community,



First of all, I would like to clarify that I had zero financial interest in Bitcoinica since January 2012. I can't touch any of your funds or Bitcoinica's profits. I was paid for operating Bitcoinica on monthly salary basis until April 1.



However, I did sell Bitcoinica at a profit last year. I know that I have no responsibility to pay for Bitcoinica's losses occurred after the transfer of ownership (it's business common sense). I do feel that some Bitcoinica customers were unfairly treated by inefficient internal operations.



I was born in a middle class family and vast majority of the sale was used to pay back the mortgages for my family. The remainder was used to fund my education in Australia. I don't have much money left but I'd like to contribute as much as I can.



I pledge to contribute 5,000 BTC to all Bitcoinica customers. The money comes from my personal investment in Bitcoin and I wouldn't have touched it at all without the disaster happening. In order to reduce potential problems and inefficiencies caused by Bitcoinica team, I have spent 3 hours to independently develop a claim system for this purpose. Please note that it's not affiliated with Bitcoinica in any way. The claim form was not designed to be secure because payments will be made in a separate program.



Everything will be done in a voluntary basis. Please be honest. All payouts will be made in proportion. I'll verify the claims based on the information I have. I have the right to disregard any claim if I feel it's not genuine.



If you want to contribute some money to offset Bitcoinica customer losses, please send the coins to 1Lmb3fGLtizurD3mBq3QAKZ6mVb9kGMLSh. I will add 100% of the donations in this address into the pool. Any contributions, big or small, are appreciated.



Please submit your claim here:



(Please read the Conditions of claim carefully before you submit anything. The claim will close on July 21, 2012.)



If you have any problems, simply reply to this thread.



EDIT: This is entirely separate from Bitcoinica's own claim system. You can submit a claim here regardless of your status at Bitcoinica. However if you have received full payment from Bitcoinica please give the opportunities to others. Total amount of funds is highly limited and we can only expect a small percentage of funds to be reimbursed. If you're feeling generous, you can ignore this claim system and give your share to others, who may need the money more. All payouts will be made after July 22, 2012 (depending on my availability).



EDIT 2: I can't be involved in such kind of program. Help is needed: In order to prevent further confusion, I have terminated this program. Again, this is not affiliated with Bitcoinica. It's just a voluntary donation to anyone who feels negatively impacted by Bitcoinica's actions. I do not assume responsibility for Bitcoinica's debt. I do not represent Bitcoinica in any way. I do not claim that Bitcoinica has done anything right, or wrong.Total claim value is 81787.2334 BTC. Total available funds is 5101.01 BTC. Everyone will be paid 6.237% of their claim, rounded to nearest 0.0001 BTC. You can use the link in the email to see your eligible payout.No complaints or disputes are accepted. You still deserve a full refund from Bitcoinica. If Bitcoinica repays you in full, or you want to financially support me for my projects in the future, I would appreciate if you can send the coins to: 1G4iqMitXTmNYvY5tDaaYANWxhwJW84sr2. I will take all the money in this address to do whatever I wanted to do otherwise.Again, this is a no-strings-attached program for both you and me. It shouldn't affect any legal proceedings or value judgement. If you have read the Conditions of Claim carefully before you submit it, you should understand everything by now.Payments will be sent in the next 48 hours. I'll make this as quick as I can.It took me about 8 minutes of hard work to finally pay everyone something. TXIDs:50ec12d08970ade781bda0b65c4b17cf59745828898094567c0f7bec5fce988f045dbab77795fc1f1ba700e92c18987aaabd5793b512ecfc442d1d0154666a4c1bb7983de928455d804f82be4156beb5f56022f7efaa51bf1b69db1bb77ca31bEveryone who submitted a claim and verified through email has been deemed as accurate. I have also checked the top list and I can recognize all usernames. If you have intentionally/unintentionally submitted a wrong claim, please pay me back so that I can build good stuff for the world. (Sponsor Zhou Tong @ 1G4iqMitXTmNYvY5tDaaYANWxhwJW84sr2)=========== Archive ============Dear community,First of all, I would like to clarify that I had zero financial interest in Bitcoinica since January 2012. I can't touch any of your funds or Bitcoinica's profits. I was paid for operating Bitcoinica on monthly salary basis until April 1.However, I did sell Bitcoinica at a profit last year. I know that I have no responsibility to pay for Bitcoinica's losses occurred after the transfer of ownership (it's business common sense). I do feel that some Bitcoinica customers were unfairly treated by inefficient internal operations.I was born in a middle class family and vast majority of the sale was used to pay back the mortgages for my family. The remainder was used to fund my education in Australia. I don't have much money left but I'd like to contribute as much as I can.I pledge to contribute 5,000 BTC to all Bitcoinica customers. The money comes from my personal investment in Bitcoin and I wouldn't have touched it at all without the disaster happening. In order to reduce potential problems and inefficiencies caused by Bitcoinica team, I have spent 3 hours to independently develop a claim system for this purpose. Please note that it's not affiliated with Bitcoinica in any way. The claim form was not designed to be secure because payments will be made in a separate program.Everything will be done in a voluntary basis. Please be honest. All payouts will be made in proportion. I'll verify the claims based on the information I have. I have the right to disregard any claim if I feel it's not genuine.If you want to contribute some money to offset Bitcoinica customer losses, please send the coins to 1Lmb3fGLtizurD3mBq3QAKZ6mVb9kGMLSh. I will add 100% of the donations in this address into the pool. Any contributions, big or small, are appreciated.Please submit your claim here: http://bitcoinica-compensation.zhoutong.com (Please read the Conditions of claim carefully before you submit anything. The claim will close on July 21, 2012.)If you have any problems, simply reply to this thread.EDIT: This is entirely separate from Bitcoinica's own claim system. You can submit a claim here regardless of your status at Bitcoinica. However if you have received full payment from Bitcoinica please give the opportunities to others. Total amount of funds is highly limited and we can only expect a small percentage of funds to be reimbursed. If you're feeling generous, you can ignore this claim system and give your share to others, who may need the money more. All payouts will be made after July 22, 2012 (depending on my availability).EDIT 2: I can't be involved in such kind of program. Help is needed: https://bitcointalk.org/index.php?topic=93401.0



Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb Founder of NameTerrific ( https://www.nameterrific.com/ ). Co-founder of CoinJar ( https://coinjar.io/ Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb

proudhon



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LegendaryActivity: 1484Merit: 1047 Re: Personal contribution of 5,000 BTC to affected Bitcoinica customers July 13, 2012, 02:25:34 PM #3 Quote from: zhoutong on July 13, 2012, 02:18:02 PM



First of all, I would like to clarify that I had zero financial interest in Bitcoinica since January 2012. I can't touch any of your funds or Bitcoinica's profits. I was paid for operating Bitcoinica on monthly salary basis until April 1.



However, I did sell Bitcoinica at a profit last year. I know that I have no responsibility to pay for Bitcoinica's losses occurred after the transfer of ownership (it's business common sense). I do feel that some Bitcoinica customers were unfairly treated by inefficient internal operations.



I was born in a middle class family and vast majority of the sale was used to pay back the mortgages for my family. The remainder was used to fund my education in Australia. I don't have much money left but I'd like to contribute as much as I can.



I pledge to contribute 5,000 BTC to all Bitcoinica customers. The money comes from my personal investment in Bitcoin and I wouldn't have touched it at all without the disaster happening. In order to reduce potential problems and inefficiencies caused by Bitcoinica team, I have spent 3 hours to independently develop a claim system for this purpose. Please note that it's not affiliated with Bitcoinica in any way. The claim form was not designed to be secure because payments will be made in a separate program.



Everything will be done in a voluntary basis. Please be honest. All payouts will be made in proportion. I'll verify the claims based on the information I have. I have the right to disregard any claim if I feel it's not genuine.



If you want to contribute some money to offset Bitcoinica customer losses, please send the coins to 1Lmb3fGLtizurD3mBq3QAKZ6mVb9kGMLSh. I will add 100% of the donations in this address into the pool. Any contributions, big or small, are appreciated.



Please submit your claim here:



(Please read the Conditions of claim carefully before you submit anything. The claim will close on July 21, 2012.)



If you have any problems, simply reply to this thread.

Dear community,First of all, I would like to clarify that I had zero financial interest in Bitcoinica since January 2012. I can't touch any of your funds or Bitcoinica's profits. I was paid for operating Bitcoinica on monthly salary basis until April 1.However, I did sell Bitcoinica at a profit last year. I know that I have no responsibility to pay for Bitcoinica's losses occurred after the transfer of ownership (it's business common sense). I do feel that some Bitcoinica customers were unfairly treated by inefficient internal operations.I was born in a middle class family and vast majority of the sale was used to pay back the mortgages for my family. The remainder was used to fund my education in Australia. I don't have much money left but I'd like to contribute as much as I can.I pledge to contribute 5,000 BTC to all Bitcoinica customers. The money comes from my personal investment in Bitcoin and I wouldn't have touched it at all without the disaster happening. In order to reduce potential problems and inefficiencies caused by Bitcoinica team, I have spent 3 hours to independently develop a claim system for this purpose. Please note that it's not affiliated with Bitcoinica in any way. The claim form was not designed to be secure because payments will be made in a separate program.Everything will be done in a voluntary basis. Please be honest. All payouts will be made in proportion. I'll verify the claims based on the information I have. I have the right to disregard any claim if I feel it's not genuine.If you want to contribute some money to offset Bitcoinica customer losses, please send the coins to 1Lmb3fGLtizurD3mBq3QAKZ6mVb9kGMLSh. I will add 100% of the donations in this address into the pool. Any contributions, big or small, are appreciated.Please submit your claim here: http://bitcoinica-compensation.zhoutong.com (Please read the Conditions of claim carefully before you submit anything. The claim will close on July 21, 2012.)If you have any problems, simply reply to this thread.

Zhou, this is a noble gesture, but I'm sorry, I have thought about donating some of my bitcoins to a fund like this, but I will not be doing it through you. I'm not trying to be offensive, but I simply will no longer trust anyone related to bitcoinica with any of my money. I hope you understand. Zhou, this is a noble gesture, but I'm sorry, I have thought about donating some of my bitcoins to a fund like this, but I will not be doing it through you. I'm not trying to be offensive, but I simply will no longer trust anyone related to bitcoinica with any of my money. I hope you understand. bitcoin price cannot be sustained above $10k <---- scientific fact

BadBitcoin (James Sutton)

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DonatorSr. MemberActivity: 452Merit: 252 Re: Personal contribution of 5,000 BTC to affected Bitcoinica customers July 13, 2012, 02:35:13 PM #7 Quote from: zhoutong on July 13, 2012, 02:18:02 PM



First of all, I would like to clarify that I had zero financial interest in Bitcoinica since January 2012. I can't touch any of your funds or Bitcoinica's profits. I was paid for operating Bitcoinica on monthly salary basis until April 1.



However, I did sell Bitcoinica at a profit last year. I know that I have no responsibility to pay for Bitcoinica's losses occurred after the transfer of ownership (it's business common sense). I do feel that some Bitcoinica customers were unfairly treated by inefficient internal operations.



I was born in a middle class family and vast majority of the sale was used to pay back the mortgages for my family. The remainder was used to fund my education in Australia. I don't have much money left but I'd like to contribute as much as I can.



I pledge to contribute 5,000 BTC to all Bitcoinica customers. The money comes from my personal investment in Bitcoin and I wouldn't have touched it at all without the disaster happening. In order to reduce potential problems and inefficiencies caused by Bitcoinica team, I have spent 3 hours to independently develop a claim system for this purpose. Please note that it's not affiliated with Bitcoinica in any way. The claim form was not designed to be secure because payments will be made in a separate program.



Everything will be done in a voluntary basis. Please be honest. All payouts will be made in proportion. I'll verify the claims based on the information I have. I have the right to disregard any claim if I feel it's not genuine.



If you want to contribute some money to offset Bitcoinica customer losses, please send the coins to 1Lmb3fGLtizurD3mBq3QAKZ6mVb9kGMLSh. I will add 100% of the donations in this address into the pool. Any contributions, big or small, are appreciated.



Please submit your claim here:



(Please read the Conditions of claim carefully before you submit anything. The claim will close on July 21, 2012.)



If you have any problems, simply reply to this thread.

Dear community,First of all, I would like to clarify that I had zero financial interest in Bitcoinica since January 2012. I can't touch any of your funds or Bitcoinica's profits. I was paid for operating Bitcoinica on monthly salary basis until April 1.However, I did sell Bitcoinica at a profit last year. I know that I have no responsibility to pay for Bitcoinica's losses occurred after the transfer of ownership (it's business common sense). I do feel that some Bitcoinica customers were unfairly treated by inefficient internal operations.I was born in a middle class family and vast majority of the sale was used to pay back the mortgages for my family. The remainder was used to fund my education in Australia. I don't have much money left but I'd like to contribute as much as I can.I pledge to contribute 5,000 BTC to all Bitcoinica customers. The money comes from my personal investment in Bitcoin and I wouldn't have touched it at all without the disaster happening. In order to reduce potential problems and inefficiencies caused by Bitcoinica team, I have spent 3 hours to independently develop a claim system for this purpose. Please note that it's not affiliated with Bitcoinica in any way. The claim form was not designed to be secure because payments will be made in a separate program.Everything will be done in a voluntary basis. Please be honest. All payouts will be made in proportion. I'll verify the claims based on the information I have. I have the right to disregard any claim if I feel it's not genuine.If you want to contribute some money to offset Bitcoinica customer losses, please send the coins to 1Lmb3fGLtizurD3mBq3QAKZ6mVb9kGMLSh. I will add 100% of the donations in this address into the pool. Any contributions, big or small, are appreciated.Please submit your claim here: http://bitcoinica-compensation.zhoutong.com (Please read the Conditions of claim carefully before you submit anything. The claim will close on July 21, 2012.)If you have any problems, simply reply to this thread.

I extremely appreciate this gesture, I lost nearly 20% of all of my available funds with the bitcoinica fiasco (I'm a student, this was part of my tutition), If I get even a small portion of my funds back I would be extactic. I extremely appreciate this gesture, I lost nearly 20% of all of my available funds with the bitcoinica fiasco (I'm a student, this was part of my tutition), If I get even a small portion of my funds back I would be extactic.