5 ms·

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 h

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).