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Topic: [BitFunder] Moving Forward/Resolution Process - page 72. (Read 292200 times)

hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
Yeah for you, and a small number of tech heads who get how to secure their coins, it's all good.

Admittedly, securely storing coins is not trivial for non-nerds today, but thats being worked on. Check out trezor and similar hardware wallets. There are quite good reasons why bitcoin hasnt taken over the world yet, the ecosystem just isnt ready for it yet. If you arent able to handle its rough edges (or price volatility), you should just wait. Not everyone can be an early adopter.

Quote
Bitcoin may not be broken per se... What is broken is human integrity. And if this tiny community can't prove to the rest of the world what a great thing bitcoin can potentially be without robbing each other blind at evey opportunity, then what's the point?

You mean like gold and cash are broken or pointless because you cant rely on them not being stolen if you dont secure them ? Its not like paypal and credit cards are fraud free either.

anyway /OT

Trust me dude, I've been in this awhile so I've heard and argued for everything that your saying over and over since '11. Since then it's been one heist after another.

You can defend it all you want but all I'm saying is when it comes down to it, human greed fucks up the money everytime. And if it's in this format, already hard for the layman to "get it," and all they see is this kinda bs happening within the "ecosystem," then why would they want to trust the bitcoin or it's network at all. Just stay with the old system.
legendary
Activity: 980
Merit: 1040
But if governments kept their dirty hands off Bitcoin, we wouldn't be in this situation to begin with.

Are you blaming government intervention also for inputs.io, labcoin, pirateat40, and countless other scams?
ITs been crystal clear from day 1 that these bitcoin security issuers and exchanges are violating relevant laws in just about any country on earth.

Now you may object to laws that require security issuers to register their shares, make certain disclosures etc, you may think its a good idea that an anonymous entity operating from a phone-boot in Nigeria can legally operate a money exchange and hold millions of dollars of other people's coins with no verification, oversight or accountability, but then you should protest those laws instead of blaming government for enforcing them when someone knowingly violates them.

Personally, I think bitcoin asset market is doing a very good job proving why there is a need for at least some sensible regulation and oversight, just leaving it up to the free market makes it a paradise for scammers and a useless minefield for investors.
legendary
Activity: 1386
Merit: 1000
Apologies for the slight delay in getting this information out.

Jon (Ukyo) is now here with me in Cyprus to ensure this problem is resolved for everyone involved.

The bitcoins are simply not there anymore, we are continuing to work through the implementation of a number of solutions to correct the issue. We are hoping to have one of many very important announcements before the Christmas holidays that will enable the bitcoins to be returned to those that are owed, however the run up to the holiday period may cause delays in some aspects.

The solution will take time to pay everyone in full however, there will be no preferential payments and the payments will be distributed proportionally.

A full explanation as to why the bitcoins are no longer there, will be provided as soon as we possibly can.

Neo & Bee has no exposure to the liabilities of WeExchange. The solution will enable Neo & Bee and all of those involved in Bitcoin to benefit greatly in the future.

THIS is the update that contained 'more than previously planned'? What did you originally have to update - that Ukyo is now in Cyprus? Or the non-update that everyone isn't getting all of their coins back?

These updates are a joke. 'We're working on it with Ukyo' isn't an update. Mark my words, this will be a bad project to have undertaken for Neo & Bee.
Maybe not financially, but definitely in terms of trust and PR.
legendary
Activity: 1498
Merit: 1000
Let me know where to find you so I can get your apology very shortly.

You can find me here: 15dW73VvMJ12B9osabWog35KpdczxmjxdT
Painful NOT to be the first Bitcoin bank isn't it?
Your attitude towards Danny here explains why you did not achieve it - he is a professional and you a rookie wannabe professional.
Step back boy, the pros are here!

How is the volume going in Bitcoin Central? Not very big eh? I wonder why...
legendary
Activity: 980
Merit: 1040
Yeah for you, and a small number of tech heads who get how to secure their coins, it's all good.

Admittedly, securely storing coins is not trivial for non-nerds today, but thats being worked on. Check out trezor and similar hardware wallets. There are quite good reasons why bitcoin hasnt taken over the world yet, the ecosystem just isnt ready for it yet. If you arent able to handle its rough edges (or price volatility), you should just wait. Not everyone can be an early adopter.

Quote
Bitcoin may not be broken per se... What is broken is human integrity. And if this tiny community can't prove to the rest of the world what a great thing bitcoin can potentially be without robbing each other blind at evey opportunity, then what's the point?

You mean like gold and cash are broken or pointless because you cant rely on them not being stolen if you dont secure them ? Its not like paypal and credit cards are fraud free either.

anyway /OT
g83
sr. member
Activity: 448
Merit: 250
Super Smash Bros. Ultimate Available Now!
So do you believe that we get our coins back this year ?

The process of receiving them will start this week.

Thanks that give a little hope to me..
full member
Activity: 167
Merit: 100
Bitcoin is working fine. The main problem is that so many people believe(d) that because something is related to bitcoin, that no laws apply and you can just freely break security regulations all over the world, along with violating money transmitter licence requirements and AML regulations.


Bitcoin may not be broken per se... What is broken is human integrity.


I have to disagree with both of you. The problem is not with Bitcoin or with human integrity. The problem is the same as it has always been - governments. Government regulation is what screwed up the regular financial system and funneled all the money to the so-called 1%. And government regulation is now doing the same to Bitcoin.
Government regulation shut down btct.co, costing a lot of people a lot of money, all in the name of 'protecting investors'. And then the same happened to BitFunder. From Danny's squirming legalese, it is clear that the problem he's helping Ukyo with is a legal one. He can't access the Bitcoins because some government froze them (I think we can all guess which one) and that same government is preventing him from publicly discussing the legal negotiations they are now involved in.
That is also why he claims the solution will be good for the entire Bitcoin ecosystem - because it might clear up the regulatory status of BTC-denominated securities.

For now, I have to begrudgingly support Danny's negotiating efforts, if only in order to get my money back. But if governments kept their dirty hands off Bitcoin, we wouldn't be in this situation to begin with.

+1
full member
Activity: 196
Merit: 100
So do you believe that we get our coins back this year ?

The process of receiving them will start this week.

Thank you for your hard work on this Danny
legendary
Activity: 1190
Merit: 1001
You people continue to work yourselves into a froth. It's understandable because there's money on the line, but Jesus Christ.

Calm. The. Fuck. Down.

Trying to slap the hand that's about to feed your chubby face is obnoxious. There are legal restraints in place that keep those involved from disclosing pertinent information. No amount of 'I want my fucking money' is going to change that - you want your money, some people want their freedom.

What is obnoxious is the number of people in here attacking the victims for demand their stolen funds back, and deify crooks.

I guess I'll shut my "chubby face" now...or the hand won't come and feed me.

"legal restraints", like how to get a UKYO a visa to live in Cyprus for a while lol.
sr. member
Activity: 493
Merit: 262

There is a tiny amount of BTC in the wallets, however by this Friday there will be access to these coins, distributed on a proportional basis.

So you mean my bitcoins (about $50 worth) which i deposited 2 weeks ago, and are still clearly there, will not be returned to me, but instead be "distributed" to other people?
That's the idea behind a Ponzi Scheme.
N_S
full member
Activity: 238
Merit: 100
You people continue to work yourselves into a froth. It's understandable because there's money on the line, but Jesus Christ.

Calm. The. Fuck. Down.

Trying to slap the hand that's about to feed your chubby face is obnoxious. There are legal restraints in place that keep those involved from disclosing pertinent information. No amount of 'I want my fucking money' is going to change that - you want your money, some people want their freedom.
sr. member
Activity: 493
Merit: 262
So do you believe that we get our coins back this year ?

The process of receiving them will start this week.

Neo & Bee have no liability, this is me as an individual helping you out to ensure you get your BTC back, can I expect a thank you card when its completed or continued demands from you?

I guess this also applies here.

But hey, would be great news, if it'd be true.
full member
Activity: 187
Merit: 109
Converting information into power since 1867
Bitcoin is working fine. The main problem is that so many people believe(d) that because something is related to bitcoin, that no laws apply and you can just freely break security regulations all over the world, along with violating money transmitter licence requirements and AML regulations.


Bitcoin may not be broken per se... What is broken is human integrity.


I have to disagree with both of you. The problem is not with Bitcoin or with human integrity. The problem is the same as it has always been - governments. Government regulation is what screwed up the regular financial system and funneled all the money to the so-called 1%. And government regulation is now doing the same to Bitcoin.
Government regulation shut down btct.co, costing a lot of people a lot of money, all in the name of 'protecting investors'. And then the same happened to BitFunder. From Danny's squirming legalese, it is clear that the problem he's helping Ukyo with is a legal one. He can't access the Bitcoins because some government froze them (I think we can all guess which one) and that same government is preventing him from publicly discussing the legal negotiations they are now involved in.
That is also why he claims the solution will be good for the entire Bitcoin ecosystem - because it might clear up the regulatory status of BTC-denominated securities.

For now, I have to begrudgingly support Danny's negotiating efforts, if only in order to get my money back. But if governments kept their dirty hands off Bitcoin, we wouldn't be in this situation to begin with.
legendary
Activity: 1190
Merit: 1001
Let me know where to find you so I can get your apology very shortly.

You can find me here: 15dW73VvMJ12B9osabWog35KpdczxmjxdT
sr. member
Activity: 686
Merit: 250
So do you believe that we get our coins back this year ?

The process of receiving them will start this week.
sr. member
Activity: 392
Merit: 250
So do you believe that we get our coins back this year ?

you will never get your coins back.  i would bet my life on that
g83
sr. member
Activity: 448
Merit: 250
Super Smash Bros. Ultimate Available Now!
So do you believe that we get our coins back this year ?
sr. member
Activity: 686
Merit: 250
I would not consider insisting in the distribution of stolen funds to be a "no liability" situation, and at this point these funds (https://blockchain.info/address/1362Fgp2MKTnqBXq5hK8kss2ch3Jb41qb4) are considered stolen.

If they are stolen take the legal route to recovery.

Obviously i'm not going to "take the legal route to recovery" for my stolen $50 you smug little prick.  Doesn't negate the fact that they are/were stolen.

At least my measly $50 can serve as a nice reference point to show when/where/how much when you start moving funds around.  Which will probably be more information than you have ever actually provided.

Smug little prick, nice....

Let me know where to find you so I can get your apology very shortly.

I'm slowly loosing my taste for bitcoin as it seems no matter what: human greed always fucks money up. With all the shit that has been going on with people losing their hard earned money to an unscrupulous few willing to scheme ways to take it, we should just rename the whole failing monetary experiment: BITCON.

Bitcoin is working fine. The main problem is that so many people believe(d) that because something is related to bitcoin, that no laws apply and you can just freely break security regulations all over the world, along with violating money transmitter licence requirements and AML regulations.

The "its not illegal because... bitcoin" argument.

If you fell for that, and sent your coins to an illegal exchange believing that is a safe thing to do, its not bitcoin's fault. Not a single satoshi in my wallet has been lost due to scams.

Yeah for you, and a small number of tech heads who get how to secure their coins, it's all good. But all I hear now from regular people when I mention bitcoin is; "what about this inputs.io" or the multiple other break-ins/scams that have taken place and will continue?

Bitcoin may not be broken per se... What is broken is human integrity. And if this tiny community can't prove to the rest of the world what a great thing bitcoin can potentially be without robbing each other blind at evey opportunity, then what's the point?

This is one of the reasons I have taken steps to make sure people get their coins back. I have to deal with the local media and the same questions are asked, when I can turn back to them and say WeExchange had issues and it was resolved. That will be a win for Bitcoin itself.

Danny,
It's been a couple of weeks that bitfunder has been receiving dividends on asicminer and not paying into members accounts.  How come?  What was done before was done, but this practice of taking dividends intended for shareholders smacks of direct theft.  Can you clear this up or is this also something you will be staying silent on? 

Second, please don't raise expectations by promising announcements and then issuing empty ones like that you are not allowed to tell us anything. 

Your reputation is on the line here and so far you have been an apologist for Ukyo without producing results. 

Deliver something and your reputation will be restored - for now, you're the guy who stepped in to say to give Ukyo time and that you were working on a solution and announcement back on November 27th, which so far has only bought Ukyo time to leave the country.

It all looks bad so far.

TAT has already mentioned the ASIC Miner dividends.

If the world away from the keyboard acted and made decisions as fast as the Bitcoin network, this would already have been solved, with everyone happy that they have their coins back. To expect these entities to run at the same speed would be beyond crazy.
hero member
Activity: 658
Merit: 500
decentralize EVERYTHING...
I'm slowly loosing my taste for bitcoin as it seems no matter what: human greed always fucks money up. With all the shit that has been going on with people losing their hard earned money to an unscrupulous few willing to scheme ways to take it, we should just rename the whole failing monetary experiment: BITCON.

Bitcoin is working fine. The main problem is that so many people believe(d) that because something is related to bitcoin, that no laws apply and you can just freely break security regulations all over the world, along with violating money transmitter licence requirements and AML regulations.

The "its not illegal because... bitcoin" argument.

If you fell for that, and sent your coins to an illegal exchange believing that is a safe thing to do, its not bitcoin's fault. Not a single satoshi in my wallet has been lost due to scams.

Yeah for you, and a small number of tech heads who get how to secure their coins, it's all good. But all I hear now from regular people when I mention bitcoin is; "what about this inputs.io" or the multiple other break-ins/scams that have taken place and will continue?

Bitcoin may not be broken per se... What is broken is human integrity. And if this tiny community can't prove to the rest of the world what a great thing bitcoin can potentially be without robbing each other blind at evey opportunity, then what's the point?
legendary
Activity: 1190
Merit: 1001
With a trust of -4 and $50 at stake...

That's nice, come in an attack the victim while simultaneously thanking the perpetrators ["assistant"]...
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