btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 67.

deathdefyer2002

newbie

Activity: 30

Merit: 0

Quote from: BTC-Arbs on June 07, 2014, 06:56:29 PM

As a reminder, I am not replying to messages until they are paid. If you sent a message then it was received. No need to send additional messages to ask if the first one was received. Also, do not send attachments to the refund email. They will be deleted.

Currently pending

232 pending refund emails
96 pending refund PMs

Today

5 full email refunds paid
2 full PM refunds paid
1 partial refund paid

Methodology

Smaller depositors are likely to get paid fully at once.
Larger depositors will be paid in instalments like freejack.
The order is a combination of who requested first plus some random.
Users who send threats are moved to the end of the line.
Users who send threats of violence are deleted from the refund list permanently.
Users who send email viruses are deleted from the refund list permanently.
If you send a duplicate message the first one will be deleted.

Everyone will be refunded in due time. Unlike the hundreds of Bitcoin scams that have existed, this is not a scam. You have not been mtgoxed.

We asked and received. I think this will help put some peoples minds at ease. Hopefully we can continue with this kind of format - to let people know that we are indeed moving forward.

yonce

full member

Activity: 182

Merit: 100

Quote from: Qwiner on June 07, 2014, 08:04:10 PM

I just received a payouts form btc-arbs today after my 2nd PM to him.

It was different content but same topic subject.

I was lucky that he responded to me.

Well, I am still happy Cheesy

, eventhough I did not get my full balance.

It was well worth it, that I got -4 negative trust from this.

Here is the TX ID: https://blockchain.info/tx/1ff63f900cf20078cb2f4f47c1ebb6cd8326777e7962af541f754ae1e826b06f (1HDfi2qrz48J91ySoQiLNda5jjQSQptK7K). Although for 2 weeks, I could have withdrawal the full balances when I have the chance, but I did not. But still now Cheesy

.

I hope ALL of U can get your refund!

Congrats! Don't worry about the neg trust, welcome to the club! Just some angry and/or bitter people on the forum.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Quote from: Qwiner on June 07, 2014, 08:04:10 PM

I just received a payouts form btc-arbs today after my 2nd PM to him.

It was different content but same topic subject.

I was lucky that he responded to me.

Well, I am still happy Cheesy

, eventhough I did not get my full balance.

It was well worth it, that I got -4 negative trust from this.

Here is the TX ID: https://blockchain.info/tx/1ff63f900cf20078cb2f4f47c1ebb6cd8326777e7962af541f754ae1e826b06f (1HDfi2qrz48J91ySoQiLNda5jjQSQptK7K). Although for 2 weeks, I could have withdrawal the full balances when I have the chance, but I did not. But still now Cheesy

.

I hope ALL of U can get your refund!

mem goes crazy on HYIPS. And to be honest I don't like them either. But it's like he's on a constant all out attack against them. He thinks they shouldn't be advesrtised in the gabling section. Well duh? Where else would you advertise or discuss a HIGH RISK INVESTMENT PROGRAM. He's on the default trust also. I think he should go a bit more easy with the feedback when it comes to his personal opinion. He's making people like you look bad on the forums for just creating a discussion. It's now proven that he was wrong since you were obviously not promoting this. If you were you would have known when it would close down and go away with your money.

Qwiner

sr. member

Activity: 294

Merit: 250

I just received a payouts form btc-arbs today after my 2nd PM to him.

It was different content but same topic subject.

I was lucky that he responded to me.

Well, I am still happy Cheesy

, eventhough I did not get my full balance.

It was well worth it, that I got -4 negative trust from this.

Here is the TX ID: https://blockchain.info/tx/1ff63f900cf20078cb2f4f47c1ebb6cd8326777e7962af541f754ae1e826b06f (1HDfi2qrz48J91ySoQiLNda5jjQSQptK7K). Although for 2 weeks, I could have withdrawal the full balances when I have the chance, but I did not. But still now Cheesy

.

I hope ALL of U can get your refund!

FreeJack2k2

sr. member

Activity: 364

Merit: 250

I am having a hard time believing there have been 232 emailed requests, based solely on this thread. It cannot be confirmed by any of us...which is pretty convenient, since payouts to the people we CAN confirm are still owed money can now be slowed considerably, while claiming that these other email people have been paid.

The number of mistruths we have endured since the nonexistent "buyout" is substantial...so skepticism abounds. I appreciate that you are here, addressing the issue...but your credibility is in question.

BTC-Arbs

member

Activity: 101

Merit: 10

As a reminder, I am not replying to messages until they are paid. If you sent a message then it was received. No need to send additional messages to ask if the first one was received. Also, do not send attachments to the refund email. They will be deleted.

Currently pending

232 pending refund emails
96 pending refund PMs

Today

5 full email refunds paid
2 full PM refunds paid
1 partial refund paid

Methodology

Smaller depositors are likely to get paid fully at once.
Larger depositors will be paid in instalments like freejack.
The order is a combination of who requested first plus some random.
Users who send threats are moved to the end of the line.
Users who send threats of violence are deleted from the refund list permanently.
Users who send email viruses are deleted from the refund list permanently.
If you send a duplicate message the first one will be deleted.

Everyone will be refunded in due time. Unlike the hundreds of Bitcoin scams that have existed, this is not a scam. You have not been mtgoxed.

Phildo

legendary

Activity: 1526

Merit: 1000

Quote from: BTC-Arbs on May 29, 2014, 06:41:55 PM

The Whole Story - From BTC-Arbs ADMIN
...
BTC Arbs was not created to be a scam, and was never intended to rip off investors. Bitcoin arbitrage is possible and many Bitcoin users have realized this and have started arbitrage trading on their own. Bitcoin arbitrage trading took place and earnings were made. Anyone who has ever looked at bitcoinaverage dot com can confirm this. The prices vary greatly from exchange to exchange, and there are always variations on the price. Even today, you can buy Bitcoin on BTCE for $556 and then sell it immediately on Bitstamp for $572. That produces a 2.7% profit, which is closer to 2% after exchange fees and transfer costs.

BTC-Arbs was not created to scam users.

Here's the problem with this story. buying a coin on btce for 556 and selling it on 572 gets you a 2% profit for that coin, to get a 2% profit for the whole btc arbs scheme you need to be able to do that 500 times (if you have 500 coins). then after you do that you have all your coins on that place where you want your dollars, and all your dollars on the place where you want coins, so it will take some time to get the stuff back to where it belongs.

being here isn't enough to prove that you aren't a scammer, because many scammers stick around to try and delay people coming after them and hoping that enough time will pass that people will give up and/or forgive what you owe them. If you are truly not scamming you need to be a lot more transparent. tell us how many coins you have, and show proof of the work that you are doing. Don't report daily progress in terms of a percent raise or a percent drop, give the exact details so people can see exactly what you are doing and check to make sure that you aren't full of shit.

dyask

hero member

Activity: 854

Merit: 510

Quote from: FreeJack2k2 on June 07, 2014, 05:32:43 PM

Not many have received replies to emails. Just sit tight, most likely he's going first come, first served style. People keep reporting payouts, so we just need to see that continue.

If it is first-come first serve then it would be nice to see a list published so we know what to expect.

I would much rather prefer a plan. Like pay off everyone up to 1 BTC, then 2 BTC, etc until everyone is paid off. What I don't like right now is that the 20+ BTC that may be paid off to you (and other large debtors) would actually payoff dozens if it were spread out. On the other hand it is impractical probably for him to keep making micropayments to many people so it would make sense to just go through a list payoff smaller payments in whole.

I still hope you and everyone else gets at least the principal back. I would just prefer a plan that we could all see and follow to some degree. The only reason to set 1BTC as a starting point is it seems that 1BTC payments have been made.

FreeJack2k2

sr. member

Activity: 364

Merit: 250

Not many have received replies to emails. Just sit tight, most likely he's going first come, first served style. People keep reporting payouts, so we just need to see that continue.

nnkaceryan

newbie

Activity: 11

Merit: 0

Still no response to my email... I am on the spreadsheet just waiting.. Patiently for now but that grows thin as time passes....

yonce

full member

Activity: 182

Merit: 100

Quote from: lesnod11 on June 07, 2014, 11:37:25 AM

Quote from: deathdefyer2002 on June 07, 2014, 11:27:56 AM

I'm sure a lot of people would be put at ease if their was some kind of plan. It seems as if the paybacks are completely random.

What we know

1) He has some amount of coins he is using for ARB trading
2) We can assume from past performance ~1% is a fair assumption for daily earnings.

This shouldn't be difficult math.

If the process was more transparent, I'm confident more people would have faith in the system put in place for payback. Right now no one knows what is happening and everyone is just blindly hoping for a payback.

I really feel the daily earnings/amount being used be posted. It is OUR money that is being used for ARB so its only fair we understand the process. We should also have a sheet of "Confirmed Pending Payments" So we know he received the info and has done his research to confirm that it is valid. And an Estimated schedule that is being followed for payback. 20-40 days doesn't tell us much, and at current rates, this doesn't seem reasonable.

Agreed! I have never gotten a strait answer why there are small amounts sent to some and not to others. Is he paying things back alphabetically by username? or is it those who have threatened him the most? The people that have been paid back completely seem to be small amounts which makes a little more sense, but the people that have gotten small percentage payouts of ones balance doesn't make sense, it would make more sense if those were split up into the group evenly, even if it is a fraction. And if it's not split up, some information as to why would help calm the waters.

He hasn't even reached out to the investor base, the traditional HYIP sources have no idea he is doing any kind of refund. It seems to be limited to people on this forum. No idea why, but I think he literally is hoping to just pay off enough people to run off.

armin22

sr. member

Activity: 252

Merit: 250

Still haven't received a reply from BTC-Arbs account or any refunds..

lesnod11

full member

Activity: 182

Merit: 100

Quote from: deathdefyer2002 on June 07, 2014, 11:27:56 AM

I'm sure a lot of people would be put at ease if their was some kind of plan. It seems as if the paybacks are completely random.

What we know

1) He has some amount of coins he is using for ARB trading
2) We can assume from past performance ~1% is a fair assumption for daily earnings.

This shouldn't be difficult math.

If the process was more transparent, I'm confident more people would have faith in the system put in place for payback. Right now no one knows what is happening and everyone is just blindly hoping for a payback.

I really feel the daily earnings/amount being used be posted. It is OUR money that is being used for ARB so its only fair we understand the process. We should also have a sheet of "Confirmed Pending Payments" So we know he received the info and has done his research to confirm that it is valid. And an Estimated schedule that is being followed for payback. 20-40 days doesn't tell us much, and at current rates, this doesn't seem reasonable.

Agreed! I have never gotten a strait answer why there are small amounts sent to some and not to others. Is he paying things back alphabetically by username? or is it those who have threatened him the most? The people that have been paid back completely seem to be small amounts which makes a little more sense, but the people that have gotten small percentage payouts of ones balance doesn't make sense, it would make more sense if those were split up into the group evenly, even if it is a fraction. And if it's not split up, some information as to why would help calm the waters.

deathdefyer2002

newbie

Activity: 30

Merit: 0

I'm sure a lot of people would be put at ease if their was some kind of plan. It seems as if the paybacks are completely random.

What we know

1) He has some amount of coins he is using for ARB trading
2) We can assume from past performance ~1% is a fair assumption for daily earnings.

This shouldn't be difficult math.

If the process was more transparent, I'm confident more people would have faith in the system put in place for payback. Right now no one knows what is happening and everyone is just blindly hoping for a payback.

I really feel the daily earnings/amount being used be posted. It is OUR money that is being used for ARB so its only fair we understand the process. We should also have a sheet of "Confirmed Pending Payments" So we know he received the info and has done his research to confirm that it is valid. And an Estimated schedule that is being followed for payback. 20-40 days doesn't tell us much, and at current rates, this doesn't seem reasonable.

lesnod11

full member

Activity: 182

Merit: 100

Quote from: Harderfaster on June 07, 2014, 09:53:43 AM

They returned the 0.1btc that I had invested.

When was it returned? Just today? And when it was returned did you get any sort of e-mail or PM about it being the returned amount?

Harderfaster

newbie

Activity: 43

Merit: 0

They returned the 0.1btc that I had invested.

worldlybedouin

sr. member

Activity: 376

Merit: 250

Quote from: FreeJack2k2 on June 07, 2014, 12:10:14 AM

Quote from: BTC-Arbs on June 06, 2014, 11:08:20 PM

There seems to be a misunderstanding with how the refunds are working. I have a portion of the Bitcoins. The rest was stolen. I am now using the remaining bitcoins to earn additional coins and then repay everyone their full investment.

If I could pay everyone in full right now I would. I cannot.
If I was a scammer I would not be here. I'm not.

Complaining about it won't speed it up. Sending me messages like this nice one that was received right now "I rape you and your entire family unless give coins back now" also does not help.

More payments will be sent soon.

Yes, the threats of violence and stupid crap like that need to stop. There will be legal recourse available at some point if he doesn't follow through with the refunds, but he appears to be working on it. The alternative is a lengthy class action which would likely require at least a year. I'm willing to do that, if it comes to it...but I would prefer to simply be repaid my principal and call it a lesson learned.

People are angry, as am I, but let's conduct ourselves civilly and let him go about the process of making restitution.

+1

I would agree with this approach...technically doing bodily harm to him/her or their family/friends isn't going to do anyone any good, and could eventually weaken any legal actions we as a group choose to take against him/her.

All we can do now is continue to be patient, and give him/her the benefit of the doubt that we'll be refunded what we're owed. As FreeJack2k2 clearly stated we can go the legal route if needed.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Took a look at the doc after a while. Why do we have 2 columns for the same thing? The "AMOUNT" one states the same as the "AMOUNT OWNED". Should I remove the second one?

christophorus

member

Activity: 90

Merit: 10

I didn't get a reply to my PM but I did get a refund.

Here's what I sent in my PM:

Quote

Hi,

My username is Christophorus on both BTC-arbs and here.

I deposited 0.193 after taking account of withdrawals etc. Please find info below for this.

09/03/2014 0.0500000 [Ref: xxxxx] Deposit
12/03/2014 0.0768565 [Ref: xxxxx] Deposit
13/03/2014 0.1268565 [Ref: xxxxx] Withdrawal
22/03/2014 0.1000000 [Ref: xxxxx] Deposit
27/03/2014 0.0070000 [Ref: xxxxx] Withdrawal
03/04/2014 0.1000000 [Ref: xxxxx] Deposit

I'm happy to round it down to 0.19

My BTC address is

I'll happily update the thread with info that my refund is received as soon as it happens.

Thanks,

Chris

dyask

hero member

Activity: 854

Merit: 510

Quote from: uross on June 07, 2014, 02:14:55 AM

Is the mail [email protected] working my friend write to this email for refounds, but there was no replay?!

I don't think very many people have gotten replies.

Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 67. (Read 276958 times)