Topic: BTC-e hacked ?? - page 44. (Read 199770 times)
When are they gonna come back online now?
I was wondering if there would be a way in future of haveing you funds protected by muti sig such that when you buy sell level is reached, the key then signs on the funds .... I am pretty sure eth does this at the moment.
ahhh decentralized exchanges when?
ahhh decentralized exchanges when?
Well, there is Bitsquare. In time, we will have better ways -- atomic cross-chain swaps and such. But there is no fundamental answer to the problem of hedging bitcoin (or altcoins) against fiat currencies. There's no way to do that without a trusted third party somewhere in the chain. Pegs (like "price floor contracts" which are untenable anyway) require storing funds on exchanges. Tether = Bitfinex. For now, all we want is coin, but there will come another time like 2014 where USD will be king again
Do you refer to BitShares?
They seem to be a single company like that behind Ripple, so I wouldn't trust them much either. Regarding "hedging" cryptocoins against fiat currencies (whatever you might mean by that), personally, I don't see that as a real issue or threat. In fact, we had seen quite a few exchanges in the past that traded crypto currencies only. Bitfinex now seems to be one such exchange itself. Further, now that Btc-e is gone (well, let's all hope for the best and that it will make a comeback one day) with its excellent fiat withdrawal (as well as deposit) channels, Bitcoin has only risen higher, therefore there is no reason to think that we really need fiat gateways as many people are inclined to think (apart from a few exchangers here and there)
But why only 55%? Where is the other 45%?
I did nothing wrong with my money. I want it all back.
They are throwing a bone so we shut the fuck up while they get rich.
Who is fucking robbing us? and fucking WHY?
I did nothing wrong with my money. I want it all back.
They are throwing a bone so we shut the fuck up while they get rich.
Who is fucking robbing us? and fucking WHY?
Why? because they can ! because you used a shit exchanger. who did an audit to say 45%, 30%, 90%? BTC-e said that. Why would you trust their words?
anyway, you will see NOTHING back. get used with that and that's it. at least, you learn something. don't use anonymous exchangers !
But why only 55%? Where is the other 45%?
I did nothing wrong with my money. I want it all back.
I did nothing wrong with my money. I want it all back.
Yes, 55% you will get back now from btce and they offer you 45% as btce tokens. However, you are of course free to take it up to them who is in the possession of the 45%, the USA:
But why only 55%? Where is the other 45%?
I did nothing wrong with my money. I want it all back.
They are throwing a bone so we shut the fuck up while they get rich.
Who is fucking robbing us? and fucking WHY?
I did nothing wrong with my money. I want it all back.
They are throwing a bone so we shut the fuck up while they get rich.
Who is fucking robbing us? and fucking WHY?
If they just don't touch the account balances of those who held coins, and give them back a fixed % of that coin, they could probably figure out this situation a lot easier, plus cover fiat users better given how much higher Bitcoin prices are today. For example, with BTC being 57% higher today, I almost expect that they could give ever user 60% of their coin back, and give fiat users 50% of their fiat back. And these ratios should get higher, as long as Bitcoin keeps rising. And in fact, I think fiat users would be happy to accept crypto back too. This would avoid any necessary mass dumping of the coins.
With Bitfinex closing doors to US customers, BTC-e does actually have an opportunity to step back in, even with KYC compliance. But it's really going to rub me wrong way if I get back 7 different coins that do not add up to anything near the claimed 55% of my original Bitcoin.
With Bitfinex closing doors to US customers, BTC-e does actually have an opportunity to step back in, even with KYC compliance. But it's really going to rub me wrong way if I get back 7 different coins that do not add up to anything near the claimed 55% of my original Bitcoin.
Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.
Yep. And regardless of what they do now (like registering and moving operations to another jurisdiction), it can't erase the past several years of operation in the US, and serving US customers. It sucks to be a US resident right now if you haven't been paying your taxes (can't send those coins to regulated exchanges). Also sucks to be Kraken, Bitfinex, Poloniex, Bittrex..... but especially the former two, because they've been processing fiat withdrawals as well for years.
Bitfinex is tightening requirements for US customers, maybe first signs of a pull out from the US.
It doesn't necessarily matter if Poloniex and Bittrex don't do fiat processing. (In fact, Poloniex says up front that it is an MSB, registered with FINCEN, but it doesn't have state licenses)
I believe that provisions of the Patriot Act or legislation/administrative regs that came after expanded the definition of MSB beyond simple fiat currency processing to value transfer. The BTC-e indictment also refers to the platform being used as a means for US customers to transfer money to one another. We don't know if that means BTC-e codes or cryptocurrency or what, but since fiat processing required verification by the intermediary, it kind of sounds like they are referring to the former two.
yes, in fact Poloniex is misleading and lying. They are not a MSB. MSB means to be license in any State. FINCEN registration means nothing.
https://satoshibox.com/f8452jaqhxe2s3p57a6u4pdh
"Buy for 0.2 BTC" so not legit .SCAM
"Buy for 0.2 BTC" so not legit .SCAM
Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.
Yep. And regardless of what they do now (like registering and moving operations to another jurisdiction), it can't erase the past several years of operation in the US, and serving US customers. It sucks to be a US resident right now if you haven't been paying your taxes (can't send those coins to regulated exchanges). Also sucks to be Kraken, Bitfinex, Poloniex, Bittrex..... but especially the former two, because they've been processing fiat withdrawals as well for years.
Bitfinex is tightening requirements for US customers, maybe first signs of a pull out from the US.
It doesn't necessarily matter if Poloniex and Bittrex don't do fiat processing. (In fact, Poloniex says up front that it is an MSB, registered with FINCEN, but it doesn't have state licenses)
I believe that provisions of the Patriot Act or legislation/administrative regs that came after expanded the definition of MSB beyond simple fiat currency processing to value transfer. The BTC-e indictment also refers to the platform being used as a means for US customers to transfer money to one another. We don't know if that means BTC-e codes or cryptocurrency or what, but since fiat processing required verification by the intermediary, it kind of sounds like they are referring to the former two.
I was wondering if there would be a way in future of haveing you funds protected by muti sig such that when you buy sell level is reached, the key then signs on the funds .... I am pretty sure eth does this at the moment.
ahhh decentralized exchanges when?
ahhh decentralized exchanges when?
Well, there is Bitsquare. In time, we will have better ways -- atomic cross-chain swaps and such. But there is no fundamental answer to the problem of hedging bitcoin (or altcoins) against fiat currencies. There's no way to do that without a trusted third party somewhere in the chain. Pegs (like "price floor contracts" which are untenable anyway) require storing funds on exchanges. Tether = Bitfinex. For now, all we want is coin, but there will come another time like 2014 where USD will be king again.
It's amazing how the market provides until the govt / reg has to destroy it.
Btce was probably the best exchange out there...they never screwed a withdrawal or deposit once for me at least.
I was wondering if there would be a way in future of haveing you funds protected by muti sig such that whe nyou buy sell level is reached, the key then signs on the funds .... I am pretty sure eth does this at the moment.
ahhh decentralized exchanges when?
Btce was probably the best exchange out there...they never screwed a withdrawal or deposit once for me at least.
I was wondering if there would be a way in future of haveing you funds protected by muti sig such that whe nyou buy sell level is reached, the key then signs on the funds .... I am pretty sure eth does this at the moment.
ahhh decentralized exchanges when?
I think that btce probably gives 55% coins back based on the value at the day of down fall. E.g. 1 btc valued at $2546 * 55% = $1400 / $3800 = 0.3685 bitcoins (at current $3800 price). Could be wrong but makes much sense, because this means socializing losses.
Anyway, personally, I dont care if coin holders get 55% of coins and fiat users get 55% in different coins (= resulting in probably another 10% loss). Because have written it off as loss already some days ago...
I doubt they are doing this for their own dollar benefits. In many parts of the world, trust really means something. They made already millions every month. They are on interpol red notice. USA wants them. They know what the stakes are and who made them rich and they just do not want to steal from their customers.
Anyway, personally, I dont care if coin holders get 55% of coins and fiat users get 55% in different coins (= resulting in probably another 10% loss). Because have written it off as loss already some days ago...
I doubt they are doing this for their own dollar benefits. In many parts of the world, trust really means something. They made already millions every month. They are on interpol red notice. USA wants them. They know what the stakes are and who made them rich and they just do not want to steal from their customers.
I want to believe this, as I was foolish enough to keep most of my funds there. This is what I get for waiting in USD for the dip and not spreading around the exchange risk. They were just so damn reliable for so many years.
I agree that they don't want to steal from us. But the stakes are also very high regarding the FBI, and it is unknown how much fiat can be recovered in time (due to clearance from affiliation with the exchange). There must be something in it for them to want to risk bringing the site back up at all.
Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.
Yep. And regardless of what they do now (like registering and moving operations to another jurisdiction), it can't erase the past several years of operation in the US, and serving US customers. It sucks to be a US resident right now if you haven't been paying your taxes (can't send those coins to regulated exchanges). Also sucks to be Kraken, Bitfinex, Poloniex, Bittrex..... but especially the former two, because they've been processing fiat withdrawals as well for years.
Bitfinex is tightening requirements for US customers, maybe first signs of a pull out from the US.
Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/
I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).
So you were in coins? If you get 50% of the coins back and 50% in tokens / other crypto / whatever you'll be pretty fine. Personally I was in 100% fiat at the time after selling 40:ish coins, even if I get every dollar back that would only buy me like 25 coins now
No, I was also 100% in fiat at the time of down fall. I am just saying, I was about to buy at range $25xx and withdraw for bcc split (to get bcc) and I luckily had the other half of my crypto at bitstamp.
So, unfortunately we are both in same boat. However, I doubt it makes a difference, because I do not think the 55% coins refund will be like .55 for 1 btc but instead bought at today's value. But lets see, with 55% fiat back I am still happy... and maybe the btce token will be worth something after all.
I think the exchange will do whatever benefits them the most, so it'll be coins at tomorrow's prices, not when the exchange was taken down. The only way it makes sense for them to relaunch (if they aren't a honeypot) is to make a decent cash grab. They must believe they can pull out a decent chunk of money for their retirement to risk relaunching in the face of the US government's indictment.
I think that btce probably gives 55% coins back based on the value at the day of down fall. E.g. 1 btc valued at $2546 * 55% = $1400 / $3800 = 0.3685 bitcoins (at current $3800 price). Could be wrong but makes much sense, because this means socializing losses.
Anyway, personally, I dont care if coin holders get 55% of coins and fiat users get 55% in different coins (= resulting in probably another 10% loss). Because have written it off as loss already some days ago...
I doubt they are doing this for their own dollar benefits. In many parts of the world, trust really means something. They made already millions every month. They are on interpol red notice. USA wants them. They know what the stakes are and who made them rich and they just do not want to steal from their customers.
Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/
I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).
So you were in coins? If you get 50% of the coins back and 50% in tokens / other crypto / whatever you'll be pretty fine. Personally I was in 100% fiat at the time after selling 40:ish coins, even if I get every dollar back that would only buy me like 25 coins now
No, I was also 100% in fiat at the time of down fall. I am just saying, I was about to buy at range $25xx and withdraw for bcc split (to get bcc) and I luckily had the other half of my crypto at bitstamp.
So, unfortunately we are both in same boat. However, I doubt it makes a difference, because I do not think the 55% coins refund will be like .55 for 1 btc but instead bought at today's value. But lets see, with 55% fiat back I am still happy... and maybe the btce token will be worth something after all.
I think the exchange will do whatever benefits them the most, so it'll be coins at tomorrow's prices, not when the exchange was taken down. The only way it makes sense for them to relaunch (if they aren't a honeypot) is to make a decent cash grab. They must believe they can pull out a decent chunk of money for their retirement to risk relaunching in the face of the US government's indictment.
Kraken and Poloniex are registered in USA. Even they will ditch the US customers, it means nothing because they are doing business from USA without being MSB.
Yep. And regardless of what they do now (like registering and moving operations to another jurisdiction), it can't erase the past several years of operation in the US, and serving US customers. It sucks to be a US resident right now if you haven't been paying your taxes (can't send those coins to regulated exchanges). Also sucks to be Kraken, Bitfinex, Poloniex, Bittrex..... but especially the former two, because they've been processing fiat withdrawals as well for years.
Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/
I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).
So you were in coins? If you get 50% of the coins back and 50% in tokens / other crypto / whatever you'll be pretty fine. Personally I was in 100% fiat at the time after selling 40:ish coins, even if I get every dollar back that would only buy me like 25 coins now
No, I was also 100% in fiat at the time of down fall. I am just saying, I was about to buy at range $25xx and withdraw for bcc split (to get bcc) and I luckily had the other half of my crypto at bitstamp.
So, unfortunately we are both in same boat. However, I doubt it makes a difference, because I do not think the 55% coins refund will be like .55 for 1 btc but instead bought at today's value. But lets see, with 55% fiat back I am still happy... and maybe the btce token will be worth something after all.
This doesn't look good for the government at all.....
Man its painful watching BTC hit records highs again while our coins/fiat is tied up in limbo. Cmon BTC-e come through for us all! :/
I was like 10 minutes away from buying nearly 80 coins at the time of down fall. But a good thing for me is, if btc stays at 3800+ and btce gives me 50%, I get out without a win and without a loss. Well, I lost 1000s of hours starring at the monitor and trading (a.k.a waiting).
So you were in coins? If you get 50% of the coins back and 50% in tokens / other crypto / whatever you'll be pretty fine. Personally I was in 100% fiat at the time after selling 40:ish coins, even if I get every dollar back that would only buy me like 25 coins now
Jump to: