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What's Bitfloor? I've never heard of them. This is an ongoing phenomenon. The first time I (and I presume others) seem to hear about a company is when they're

What's Bitfloor? I've never heard of them. This is an ongoing phenomenon. The first time I (and I presume others) seem to hear about a company is when they're closing up shop.

jaredsohn 14y ago
Never heard of them either but if you click About you see this: Bitfloor, Inc. is a New York City based online exchange. We run a marketplace for Bitcoin buyers and sellers. We also focus on spreading all that is great about Bitcoin and helping people purchase and use their coins with ease.
- kintamanimatt 14y ago
  Thanks. I wish they'd say why they're closing down. I don't love others' failures, but I sure do love learning from them when they happen. A postmortem would have made an interesting submission; a five sentence au revoir from an otherwise unknown company, not so much. I don't quite understand why this is grabbing the attention it is; this isn't like a well known company such as 37 Signals is abruptly saying pip pip cheerio. (Having said that, at least they'd write an interesting goodbye note.)
  - jzwinck 14y ago
    I think they said why: one of their key bank accounts is being closed against their wishes. It's not easy to get an account like that opened, and when it's closed the money has to go somewhere. In this case, back to the clients.
    - kintamanimatt 14y ago
      Bank accounts can be closed for all kinds of reasons. They don't really say what happened or why their account is being closed, or why they aren't being tough cookies and working around this blip, if possible, etc. In essence, their post is about as content-free as imaginable, which is a shame because it was a good opportunity to educate others.
      - jzwinck 14y ago
        They're probably too busy trying to return all the client funds to write a beautiful blog post about what happened (or rather, is happening right now). Bitfloor is active on Twitter--it might be better to tweet at them on the weekend to say you're interested in a follow-up post (mortem).
deleted 14y ago
[deleted]

What's Bitfloor? I've never heard of them. This is an ongoing phenomenon. The first time I (and I presume others) seem to hear about a company is when they're closing up shop.

jaredsohn 14y ago

Never heard of them either but if you click About you see this: Bitfloor, Inc. is a New York City based online exchange. We run a marketplace for Bitcoin buyers and sellers. We also focus on spreading all that is great about Bitcoin and helping people purchase and use their coins with ease.

kintamanimatt 14y ago
Thanks. I wish they'd say why they're closing down. I don't love others' failures, but I sure do love learning from them when they happen. A postmortem would have made an interesting submission; a five sentence au revoir from an otherwise unknown company, not so much. I don't quite understand why this is grabbing the attention it is; this isn't like a well known company such as 37 Signals is abruptly saying pip pip cheerio. (Having said that, at least they'd write an interesting goodbye note.)
- jzwinck 14y ago
  I think they said why: one of their key bank accounts is being closed against their wishes. It's not easy to get an account like that opened, and when it's closed the money has to go somewhere. In this case, back to the clients.
  - kintamanimatt 14y ago
    Bank accounts can be closed for all kinds of reasons. They don't really say what happened or why their account is being closed, or why they aren't being tough cookies and working around this blip, if possible, etc. In essence, their post is about as content-free as imaginable, which is a shame because it was a good opportunity to educate others.
    - jzwinck 14y ago
      They're probably too busy trying to return all the client funds to write a beautiful blog post about what happened (or rather, is happening right now). Bitfloor is active on Twitter--it might be better to tweet at them on the weekend to say you're interested in a follow-up post (mortem).

deleted 14y ago

[deleted]