Topic: Bitscalper back to business - page 17. (Read 21008 times)

Hi Guys,

Acknowledged that we did not handle the matter in the best possible way. We sustained some big losses due to our broken withdrawal system and already sent out wrongly hundreds of bitcoins. Our profits from the whole operation are almost all gone. Instead of blindly trusting emails claiming accounts we will ask users to proceed asking the withdrawal from inside their account. So if you are in possession of your initial user and password you will be able to withdraw your remaining balance. We intend to cross check the sub-wallets transactions with the amount that corresponding users are claiming to have withdrew already, if it matches the user balance will be fixed and it will be possible to withdraw the correct final amount.

If I remember correctly when Bitscalper was first created they stated to use any email address even a fake one.  I used a fake email address and some randomly generated password because I knew this was going to implode eventually.

So if other people used a fake email address how is Bitscalper going to verify that the person is really who they claim to be?

I wonder if people realize the risk to reward ratio for Bitscalper was too high.  They got a 1% return a day for about a month.  So if someone put in 100 bitcoins that is 1 bitcoin a day.  They made 30 bitcoins but then the site went down for 30 days.  So really they made 0.5% a day.  Of course they might not get any of their money back so they lost money!  In that time they could have traded their bitcoins for USD and earned the interest on Bitcoinica.

We should of made bets on when bitscalper.com would be hacked or have their website down for an long amount of time.  That risk/reward ratio would have been much better.

Bingo.

How will you know if someone is telling you the truth?

I know at least one reason why the current withdrawal list could exceed the real user balances.
When you did a withdrawal request on your site and pressed the final button it normally took a few seconds until a pop-up window confirmed the withdrawal request.
In the past I could monitor that sometimes the pop-up window doesn't appear, even after over 1 minute. So you did the withdrawal request again, until you got the confirmation.
The strange thing was, that if you visited your site after a while again, all withdrawal requests (also the unconfirmed ones) were in processing state.
Depending on your balance before, your current balance could be negative!

Let's say you had 10BTC balance and try to send a withdraw request for them. It failed 2 times, but finally you got the confirmation.
Your balance is then -20 BTC, and you can see 3 withdrawal requests in the current list, each over 10 BTC.

You can see this effect by reviewing the current withdrawal request list for requests with exactly the same amount of BTC's in a raw. It happened a lot.

Why didn't you just cancel the current withdrawal request list, like you have done before, so the user balances are correct again. And fix this bug, or just process the withdrawal requests per eMail manually?
 

Nice to hear from you again Bitscalper.
From what you wrote, I understood that you have a lot of problems and need the help of the users. Shit can happen. But it's important how to handle it.
And to be fully honestly, I don't like the way how you handle trouble. There was over 1 month nearly zero-information, no emails were answered etc.
It had looked like scam, and it is still looking like scam until you proof the opposite.

It still looks like you try to play out, to win more time.
If I would be you I would do the following:
- Update my website with the same request for deposit/withdraw data like here in the forum.
- I would clearly communicate my plan how to fix the trouble, step by step and including all time-deadlines. So everyone can review if I'm following what I have sad.
- I would answer emails and give a short daily processing status.

I'm not sure how all of this ends. Most users are now sending you the requested data. Do you need feedback from ALL user to do the reconstruction? How long will you wait for user feedback? What will happen if not everyone is giving you feedback, what is most likely. What will happen if some users are not reporting correct data?  What will happen if the result of your reconstruction is still not matching with what you expect? When will you start the reconstruction and when will it end? After the reconstruction is finished, what will happen next? Do you transfer the balance to the new system or do you pay it out? And if you plan to pay it out, why didn't you also request a bitcoin address?

I'm very sorry to say this, but it looks still like scam or a VERY, VERY unprofessional way to handle the whole thing to me.  
Even if it's only the second case, I would be surprised to see it ending happy.  

Good luck!
 

Matthew seems to have cut directly to the simple straightforward solution, if there was a wallet "account" per user. Just send back to each user what is in their wallet-account. It doesn't matter how many withdrawals, or when, they did to reach the current amount they have left, what matters is getting back to them what they do have left.

-MarkM-

This isn't going to go anywhere.

Bitscalper, you're through here. I strongly suggest that you stop what you're doing, and understand that any new / 2.0 Bitscalper application is simply not going to be

1. Used or..
2. Allowed to be advertised here without significant backlash from the community, no matter what corner of the forum you are in.

People who already made their withdrawal are not going to come here and give account.  For this to work you would need a record of every withdrawal.  I don't think you thought this through.

Me too.

I have requested a reimbursement and have submitted all the deposit and withdrawal info that I had. I will update this thread if any coins are sent back to me.

Let's hope so.

I did give updates on our site and in the forum. Anyway, you will have to eat your words when every genuine withdrawal will be processed.

Rude is taking people's money in a ponzi scheme then disappearing for a month with no updates, also something a piece of shit would do. 

You are very rude my dear BadBear. The piece of shit is you talking like this honestly

Nobody cares what some random scammer approves of. It'll be removed when you stop being a scamming piece of shit. Of course I'm sure it won't take long after that before you "accidentally" lose records again.  

Calm up your hot head and go talk like that to someone else. I will do the right thing without your helpless consulting. Go check your ego mania.

I don't approve the fact that an user flagged as "Global Moderator" on this forum uses such a language. It feels decadent. Please go ahead and remove the scammer flag from my account now. Thanks.

No. That only clears up one thing that we already knew:

You're incompetent.

Just give them their sub-balance back, idiot.

If by some insane system of horrible accounting on your part you lose some money, call it a "stupid fee" for not being a professional.

I will explain you guys. The way bitscalper keeps track of user balances is by subtracting the total withdrawals from the user sub-balance in the wallet. So the withdrawal table is gone and it's hard reconstruct how much each user withdrew already without some collaboration from their side. The current withdrawal list could contain easily withdrawal requests exceeding the real user balances and we cannot process them blindly. I hope it's clear enough.