Topic: BTC-E in the current circumstances is a scam [Where's our ETC?] (Read 467 times)
There's going to be a lawsuit at some point and it will have merit.
bump for great justice
I've been using BTC-E for years, but not since they decided to ignore Monero and I made a 1:1 swap out of Primecoin. 
On previous occasions, I've defended them from scam accusations because they have been outstanding from my POV.
Until BTC-E accepts responsibility for losing their customers' ETC, I must retract all previous endorsements and defenses.
The market, not BTC-E, decides what is an isn't a scam.
This is no different than an exchange siding with BitcoinXT or BitcoinUnlimited, and refusing to provide BitcoinCoreCoins after a contentious+persistent chain fork (in which an enormous market for Corecoins develops rapidly).
On previous occasions, I've defended them from scam accusations because they have been outstanding from my POV.
Until BTC-E accepts responsibility for losing their customers' ETC, I must retract all previous endorsements and defenses.
The market, not BTC-E, decides what is an isn't a scam.
This is no different than an exchange siding with BitcoinXT or BitcoinUnlimited, and refusing to provide BitcoinCoreCoins after a contentious+persistent chain fork (in which an enormous market for Corecoins develops rapidly).
https://btc-e.com/news/230
tldr
Coinbase/GDAX didn't voluntarily decide to provide their customers' ETC. They were forced to, Because Lawyers and Angry Customers.
Even ignorant supreme shitlord Brian Armstrong, understanding that blatant theft is bad for business, had to make noises about intending to do the right thing (In Two Weeks).
This will not stand.
Quote
Ethereum Classic
27.07.16 19:52 from admin
Dear Clients!
BTC-e’s official standpoint on this issue is as follows: Ethereum Classic in the current circumstances is a scam. The Ethereum community decided to implement the hardfork in order to switch to the new chain. All major pools and exchanges (including BTC-e) did exactly that.
On the second day after the start of ETC trading BTC-e received a notification from Poloniex, saying that we need to secure the ETCs in our ETH wallet. At the time of notification, most of these coins have already been sent to Poloniex by our users. So there were almost none of these coins in our wallet.
We continue to receive requests from our customers demanding to return the ETCs that are supposedly deposited in our ETH wallet. We cannot do that for the reason specified above.
Anyone, who purports that we sent the coins to Poloniex in order to sell them, can check all the transactions on blockchain. All transactions are recorded and it is easy to trace the sender and the volumes of coins sent.
Best Regards,
BTC-e Team
27.07.16 19:52 from admin
Dear Clients!
BTC-e’s official standpoint on this issue is as follows: Ethereum Classic in the current circumstances is a scam. The Ethereum community decided to implement the hardfork in order to switch to the new chain. All major pools and exchanges (including BTC-e) did exactly that.
On the second day after the start of ETC trading BTC-e received a notification from Poloniex, saying that we need to secure the ETCs in our ETH wallet. At the time of notification, most of these coins have already been sent to Poloniex by our users. So there were almost none of these coins in our wallet.
We continue to receive requests from our customers demanding to return the ETCs that are supposedly deposited in our ETH wallet. We cannot do that for the reason specified above.
Anyone, who purports that we sent the coins to Poloniex in order to sell them, can check all the transactions on blockchain. All transactions are recorded and it is easy to trace the sender and the volumes of coins sent.
Best Regards,
BTC-e Team
tldr
Quote
1. We weren't prepared for the persistence of the antifragile and hence preferable Classic branch. Vitalik told us it would just magically disappear.
2. All our precious immutable original ETH have been stolen (definitely not an inside job) so we are forcing you to accept mutable BailoutETH in their stead.
3. Despite the demonstrated Silbert/whale/dev/community support and overall market value of ETC, we will wave our hands and simply declare it a scam.
2. All our precious immutable original ETH have been stolen (definitely not an inside job) so we are forcing you to accept mutable BailoutETH in their stead.
3. Despite the demonstrated Silbert/whale/dev/community support and overall market value of ETC, we will wave our hands and simply declare it a scam.
Coinbase/GDAX didn't voluntarily decide to provide their customers' ETC. They were forced to, Because Lawyers and Angry Customers.
Even ignorant supreme shitlord Brian Armstrong, understanding that blatant theft is bad for business, had to make noises about intending to do the right thing (In Two Weeks).
This will not stand.
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