Topic: [AMBER] X13 POW/POS| 10k AMBER=0,01% SHARES | BUY, HOLD & GET DIVIDENDS in BTC/$ - page 93. (Read 407572 times)

Cryptsy is down, it's time for Amber company to create her own exchange.

Welcome back.

I took the btc I made from selling Amber and put it into Gemz right before Gemz took a nose dive 

I'm just a horrible trader. I have the unfortunate combination of bad trading skills and horrible luck.

You can buy it back now

I must say, things are looking very promising for Ambercoin. It's funny....I have such mixed feelings because part of me wants Amber to be real since I am owed $1700 from Q3, and part of me says "wait, if they pay me then that means I made one of the biggest financial mistakes of my life by selling my shares  "

In any case, it's looking more and more like I made the wrong decision in selling my shares!

Keep on voting.

All votes that will come at night (GMT) will be displayed in Google doc tomorrow at 10-00 GMT.

Don't worry.
We have counted only 1 your try out of 3.

If BTC wins then ALL get BTC.
If AMBER wins then ALL get AMBER.

P.S. The most important thing for Company is to make a transparent voting process.
      

I voted

I accidentally sent 1 AMBER from a non registered wallet to the BTC address.  I then corrected the error and sent 1 AMBER from my registered wallet.  I also have been watching them on block explorer.  I couldn't watch the AMBER voting address so I sent .05 AMBER to that address so we can watch the votes come in in real time. 

Sorry DEV if I made this more difficult, not my intention.  I was searching for the AMBER voting address on block explorer and it wouldn't show anything at all so I sent .05 to it.

i dont care what i get amber or btc... but i choose btc because people need it and it will help get the trust of the dev back..
voted!

dev i have a question.. if btc win.. everyone get paid in btc or only the people who vote for it and the people who vote for amber get amber?

well considering I don't have a vote for Q3 I'm about as useful as tits on a bull right now but IF I did have a vote I'd say BTC is the way to go. It could provide some much needed liquidity to the Ambercoin Markets considering price is currently lower than what Dev has it pegged at not to mention it's just good business to stick by your promises (that dividends would be paid in BTC)

Am I the only one thinking that voting is not the appropriate way to go for payment decisions of past dividends?
What about making a vote for having a voting decision on the dividends But seriously, I'm not willing to accept anything else than BTC/$ for Q3 and Q4. I still expect the company sticks to their promises and statements made in the past and hope most of you have a similar opinion.

Voting has started!

Voting will last 72 hours - from NOW  to 21:00GMT 18.01.16.
2 addresses for voting are available here:

https://docs.google.com/spreadsheets/d/1oLvTKdIRx9NJGVZ82vdx-xgiVjAtJ7KO-gxviJR1mEk/edit#gid=305277065

In order to vote you need to send 1 AMBER from your registered address to one of these addresses corresponding to your decision.

Only the first vote from each registered address will be taken into account.
All the following votes from the same address will not be taken into account.
Also the votes sent from unregistered addresses will not be accepted in a calculation.
If from some registered address there are votes to both given addresses then only the first one will be legit.

I'll also vote for BTC. I think everybody, also the ones, who has already choosen Amber would benefit BTC payments - shareholders will have btc to buy Amber and the price will rocket. The trust of community also should rise after the payment.
In my opinion the voting regarding the past things is changing the previously accepted rules. It was said the Q3 would be paid, then it was also said that the ones that shareholders could choose between Ambercoin and BTC. Now it is said that all shareholders will decide. How many times the manegement will change his mind? And how does it communicate with: "Buy, Hold and Get dividends in BTC/$"?

both are true of course. rumors were actual legitimate first hand complaints regarding withdrawals, users were forced to find a way around that during cryptsy's silence/ attempts to cover up their insolvency. the article came out in between if i recall. my only point of contention is that they were doomed a year and a half ago, regardless of the article. if rumors of insolvency were squelched here they might have lasted a few more months, but ultimately would have ended with the same result + more losses for everyone. if some how they froze their cold wallets for alts before people withdrew, then they would've just mismanaged or stole the remaining balances in a fruitless attempt to pay their bills (like the rent on that office they conveniently closed down recently, hmmm) i am glad to have communities, such as here, to act as watch dogs for scams and unscrupulous exchanges, to every rumor their is a grain of truth. and i would rely less on the real world banking industry as a template for appropriate behavior here, for obvious reasons this is not the same by any stretch aside from the word "exchange."

anyway, moving on. one less exchange for amber and other alts. sad

Quite honestly I am no longer surprised by anything I've been around for Mt. Gox, Cryptorush, Mintpal/Moolah and now Cryptsy. I like my Polo and my Bittrex but make no mistake no exchange is immune. That is why I do not hold large numbers of coins on exchanges and I spread them out that way if any one exchange fails it don't get wiped out. Good rule of thumb is to only put what you are immediately going to buy or sell on the exchange and then move it to your own personal wallet yes you pay a bit more in withdrawal fees but I'll gladly pay that price compared to losing everything in one hack/scam/whatever.

So the bank run returned coins to users, you say.  BUt the run on Cryptsy started because a rumor that Cryptsy was not allowing withdrawals.  Which is it?

And by the way, even in the real banking world, a bank can shut its doors to prevent or halt a run on its assets.  In fact, regulators would force them too to prevent further losses.  And for more real  world information, if Cryptsy had reported the theft to authorities I can tell you with certainty the authorities would have prevented them from releasing information while the investigation was ongoing.  This is standard operating procedures for police.

crypsty covered up their insolvency for over a year and a half, and most of the complaints were regarding withdrawals. crypsty covered it up and kept silent, so i argue it was quite appropriate for the community here to question cryptsy's solvency and rightly so apparently. the half baked article they use as an excuse might have helped fuel the bank run, but people were finding work arounds and withdrawing for quite some time before that, within that year and a half time frame. the fact is, the damage had already been done and their announcement is quite damning in regards to how they operate. suppressing rumors wouldnt have been a problem if cryptsy came clean when the "hack" first happened. at least the bank run returned many users coins instead of having crypsty hold them hostage, or worse sell them off and run.

I contacted Cryptsy a couple of times about the AMBER Wallet being in Maintenance and after a few weeks of silence I received an email with a link to this message on their blog.  My guess is Cryptsy will not recover the stolen BTC which amounts to over $5.2 Million.  Its a shame because this will be a huge blow to Bitcoin and all the other coins.  It will give pause to all exchanges and what coins they deal with.  Small coins will find it impossible to get listed on any of the major exchanges.  But this kind of problem is almost impossible to avoid.  The decentralization of these coins, the lack of oversight by an entity with legal authority, and the anonymity inherent in the design of these coins makes them easy targets for people who want to steal or even vandalize cryptocurrencies.  The fact is we have no idea who the developers of any of these coins are or what their motives are.  Many coins are legitimate, but as you can read, it only takes one bad one to cause a lot of damage.

Of course Crytpsy is to blame for much of this because the had a weakness in their own security.  I hope someone finds the guilty party and receovers the coins.  a 1000 BTC reward is a nice gift. 

I also want to point out again how spreading rumors and innuendo picked up of message boards from crabby disgruntled miners can be very destructive in this world of altcoins.  The markets are not that big and a run on an exchange is easy to get started.  When this article about Cryptsy appeared I posted several time to people who were pushing the rumors to stop.  Now the damage has been done.  Cryptsy had a run on its currencies and is left unable to deal with the theft of the BTC.  Had this been a real bank or exchange, authorities would be arresting the rumor mongers.  So I caustion again, do not spread rumors or what someone else tells you or claims.  If you have first hand knowledge, then fine, but taking a post from one person without verifying it and repeating it can create problems for everyone and all coins.

Read this and weep because I think this is another nail in the coffin of cryptocurrencies and it is truly a sad day.



Announcement
Cryptsy has had problems for some time now and it’s time to let everybody know exactly why.  These problems were NOT because of any recent phishing attacks, or even a ddos attack, nor does it have anything to do with me personally.
About a year and a half ago, we were alerted in the early AM of a reduction in our safe/cold wallet balances of Bitcoin and Litecoin, as well as a couple other smaller cryptocurrencies.   After a period of time of investigation it was found that the developer of Lucky7Coin had placed an IRC backdoor into the code of wallet, which allowed it to act as a sort of a Trojan, or command and control unit.   This Trojan had likely been there for months before it was able to collect enough information to perform the attack.  It does not appear that this was the original developer for LK7, as on 5/22/2014, we received this message from the new developer who wanted to maintain the codebase:
—
Hello,
Lucky7Coin is not maintained and I would like to take care of it. I have announced that on bitcointalk.org in Lucky7Coin thread. You’re the only exchange for this coin and I hope you will let me take care of it. I’m responsible. You don’t have to be afraid of errors or forks. I’m developing multipool and I know bitcoin internals and protocol.
https://bitcointalksearch.org/topic/m.6861797
For a start I’ve changed irc network, so clients could synchronize blockchain. Please upgrade as soon as you can.
Github repo:
https://github.com/alerj78/lucky7coin
Branch “master” will always be for stable version, branch “devel” could be dirty. In a 2-3 weeks I’ll release new version with p2pool support and checkpoints. Before that I’ll contact you to check few blocks hashes for checkpoints and make sure there is no fork.
I hope we can cooperate and make this coin live again!
Jack
—
These are the approximate figures taken:
Bitcoin:  13,000 BTC
Litecoin:  300,000 LTC
This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand.   The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.   This worked fine for awhile, as profits decreased due to low volume and low Bitcoin prices, we would adjust our spending accordingly.  It wasn’t until an article from Coinfire came out that contained many false accusations that things began to crumble.   The article basically caused a bank-run, and since we only had so much in reserves for those currencies problems began. 
Our current customer liabilities for BTC is around 10,000 BTC, so as you can see we would like to see the Bitcoins returned for both our users and for ourselves.
Here are the transaction details from the Bitcoin wallet:
https://www.walletexplorer.com/wallet/0c07e0bec1002bd2
As you can see,  2014-07-29 13:17:36 is when the event occurred.   A very interesting fact here, however, is that those Bitcoins have not moved once since this happened.    This gives rise to the possibility they can be recovered.   In fact, I’m offering a bounty of 1000 BTC for information which leads to the recovery of the stolen coins.
If you happen to be the perpetrator of this crime, and want to send the coins back no questions asked, then you can simply send them to this address: 
1KNi4E4MTsF7gfuPKPNAbrZWQvtdQBTAAa
If they are returned, then we will assume that no harm was meant and will not take any action to reveal who you are.  If not, well, then I suppose the entire community will be looking for you.
Some may ask why we didn’t report this to the authorities when this occurred, and the answer is that we just didn’t know what happened, didn’t want to cause panic, and were unsure who exactly we should be contacting.   At one time we had a open communication with Secret Service Agent Shaun Bridges on an unrelated matter, but I think we all know what happened with him – so he was no longer somebody we could report this to.    Recently I attempted to contact the Miami FBI office to report this, but they instead directed me to report it on the I3C website.  I’ve not heard anything from them.
I think the only real people who can assist with this are the people of the Bitcoin community itself.
Trades and withdrawals will be suspended on the site indefinately until some sort of resolution can be made.
Here are our options:
1.   We shut down the website and file bankruptcy, letting users file claims via the bankruptcy process and letting the court make the disbursements.
-   or –
2.   Somebody else comes in to purchase and run Cryptsy while also making good on requested withdrawals.
-   or –
3.   If somehow we are able to re-aquire the stolen funds, then we allow all withdrawal requests to process.
I’m obviously open to any other ideas people may have on this.
If you have information, you can email [email protected]