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Topic: BFX tokens; worth anything? When? - page 2. (Read 2505 times)

newbie
Activity: 53
Merit: 0
August 09, 2016, 12:01:41 PM
#12
I wonder what the commission will be for trading their iou's...
hero member
Activity: 784
Merit: 500
August 09, 2016, 11:57:29 AM
#11
I assume this is like a company share which pays dividend aka fees sharing.
any other scenario makes no sense because there would be no value in this coin.
sr. member
Activity: 868
Merit: 259
August 09, 2016, 01:33:59 AM
#10
I wonder if they will pull this off.  If they do, will the BFX tokens actually gain in value?  Will they finally become equal to the loss?  How long could that take?  This is going to be an interesting journey from a large hack.  Hopefully it goes better than the way MtGox went.  Liquidation doesn't seem like a very good path either.

What gimmick is this? They lost their customer's funds and now their planning on releasing their own tokens? For what? To make money out of those poor people who lost money in their site? That is some whole new level of scumbaggery right there. Just withdraw all your BTC from the site and demand that you get the whole amount.
If you had a 100 bitcoins on the site, and as a customer lost 36 on it, and were issued  BFX tokes with a claimed value of 1$/BFX, then even you would try and see it to get as much value as possible and not return them and complain about being paid when they have outrightly said they won't be refunding coins. This mentality unfortunately just makes their case easier and allows them to scam their customers.

What? That is a scam. I think Bitfinex users should start to be getting concerned now. They should pool together whatever resources they have left and look for a good lawyer and fight this. If Bitfinex gets away with this they'll continue on playing with their customers by releasing more scam tokens or some other gimmick.

What are these tokens backed by?
legendary
Activity: 840
Merit: 1000
August 09, 2016, 01:24:36 AM
#9
I wonder if they will pull this off.  If they do, will the BFX tokens actually gain in value?  Will they finally become equal to the loss?  How long could that take?  This is going to be an interesting journey from a large hack.  Hopefully it goes better than the way MtGox went.  Liquidation doesn't seem like a very good path either.

What gimmick is this? They lost their customer's funds and now their planning on releasing their own tokens? For what? To make money out of those poor people who lost money in their site? That is some whole new level of scumbaggery right there. Just withdraw all your BTC from the site and demand that you get the whole amount.
If you had a 100 bitcoins on the site, and as a customer lost 36 on it, and were issued  BFX tokes with a claimed value of 1$/BFX, then even you would try and see it to get as much value as possible and not return them and complain about being paid when they have outrightly said they won't be refunding coins. This mentality unfortunately just makes their case easier and allows them to scam their customers.
sr. member
Activity: 868
Merit: 259
August 09, 2016, 01:21:32 AM
#8
I wonder if they will pull this off.  If they do, will the BFX tokens actually gain in value?  Will they finally become equal to the loss?  How long could that take?  This is going to be an interesting journey from a large hack.  Hopefully it goes better than the way MtGox went.  Liquidation doesn't seem like a very good path either.

What gimmick is this? They lost their customer's funds and now their planning on releasing their own tokens? For what? To make money out of those poor people who lost money in their site? That is some whole new level of scumbaggery right there. Just withdraw all your BTC from the site and demand that you get the whole amount.
legendary
Activity: 840
Merit: 1000
August 09, 2016, 01:17:57 AM
#7
I would think they will be like any other alt coin. They can lose value over time.
If that is the case then the customer's of theirs with double lose out on this. Undecided
Now that just sounds like a scam and a ponzi scheme. How can something like that start trading at a higher value ? As a trader, no one will buy into that .
legendary
Activity: 1974
Merit: 1029
August 09, 2016, 01:10:34 AM
#6
If they start trading their tokens I think their price won't stay near a dollar. Almost everyone will dump.

This. Price will fall sharply the minute people are able to sell them.

Now, considering that 1 goxcoin was valued at 0.1 BTC even when gox was pretty much dead, we at least know that the bfx tokens won't go to zero. They will keep some value (0.1 USD at least?)
hero member
Activity: 1008
Merit: 1012
August 08, 2016, 05:14:55 PM
#5
I would think they will be like any other alt coin. They can lose value over time.
If that is the case then the customer's of theirs with double lose out on this. Undecided
sr. member
Activity: 719
Merit: 250
August 08, 2016, 05:13:39 PM
#4
I wonder if they will pull this off.  If they do, will the BFX tokens actually gain in value?  Will they finally become equal to the loss?  How long could that take?  This is going to be an interesting journey from a large hack.  Hopefully it goes better than the way MtGox went.  Liquidation doesn't seem like a very good path either.
Chances are it's going to be a fairly long time before the BFX tokens are able to pay off everything that was lost, especially considering the lost business from the hack and the mistrust of the website now. It is definitely better than what happened with Mt.Gox, and I hope they'll able to get everyone their funds back, but I wouldn't be betting on it personally.
What is the chance they'll get this issued and keep operating compared to going into receivership / liquidation?

They'll only keep operating if they don't have a bank run when they open withdrawals. If they survive that they can issue their coins and keep operating, unless some bigshots with money to pay lawyers decide to sue them. If they start trading their tokens I think their price won't stay near a dollar. Almost everyone will dump.
newbie
Activity: 10
Merit: 0
August 08, 2016, 05:03:11 PM
#3
I wonder if they will pull this off.  If they do, will the BFX tokens actually gain in value?  Will they finally become equal to the loss?  How long could that take?  This is going to be an interesting journey from a large hack.  Hopefully it goes better than the way MtGox went.  Liquidation doesn't seem like a very good path either.
Chances are it's going to be a fairly long time before the BFX tokens are able to pay off everything that was lost, especially considering the lost business from the hack and the mistrust of the website now. It is definitely better than what happened with Mt.Gox, and I hope they'll able to get everyone their funds back, but I wouldn't be betting on it personally.
What is the chance they'll get this issued and keep operating compared to going into receivership / liquidation?
hero member
Activity: 490
Merit: 520
August 08, 2016, 10:54:25 AM
#2
I wonder if they will pull this off.  If they do, will the BFX tokens actually gain in value?  Will they finally become equal to the loss?  How long could that take?  This is going to be an interesting journey from a large hack.  Hopefully it goes better than the way MtGox went.  Liquidation doesn't seem like a very good path either.
Chances are it's going to be a fairly long time before the BFX tokens are able to pay off everything that was lost, especially considering the lost business from the hack and the mistrust of the website now. It is definitely better than what happened with Mt.Gox, and I hope they'll able to get everyone their funds back, but I wouldn't be betting on it personally.
newbie
Activity: 10
Merit: 0
August 08, 2016, 10:44:34 AM
#1
I wonder if they will pull this off.  If they do, will the BFX tokens actually gain in value?  Will they finally become equal to the loss?  How long could that take?  This is going to be an interesting journey from a large hack.  Hopefully it goes better than the way MtGox went.  Liquidation doesn't seem like a very good path either.
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