Topic: BTC-e's credibility hits rock bottom. Doesn't stop. Carries on to Earth's core. (Read 1030 times)

The disadvantage of any muppet-infested system, such as anything of definite utility which also encourages adoption by "people", is that discredited operators/proven scammers have little incentive to stop at any point.

Take Jared Kenna: everyone in the know knows he is dishonest, and has ripped off a bunch of people and used the proceeds for dubious land development projects. That doesn't physically stop him from pretending like he's still running an exchange.

Take Mark Karpeles: everyone in the know knows he's about to collapse, leaving a shakuru-esque crater behind, but that doesn't physically stop him from pretending like he's still running an exchange.

Take BFL: everyone in the know knows they're professional scammers working the noobies with google ads and hot air, but that doesn't physically disrupt their operations in absolutely any way.

Take the Bitcoin Foundation: everyone in the know knows it's a scam front created by an unholy alliance of the MtGox scam and the BFL scam to cover for their joint scamming of the community, while the despicable Vessenes character diverts donations to his own "businesses". That doesn't physically dissolve the Scam Foundation, nor does it in any way prevent it from clamoring for relevancy.

Sure, the people in the know know, and wouldn't touch the shit with someone else's ten foot pole. Nevertheless, these don't work by dealing with the people in the know, they work by fleecing the noobs trying to gain positions in Bitcoin, and those people certainly aren't in the know, and so the entire discussion certainly doesn't help them.

There's a good discussion about this over on the Feathercoin forums. 

http://forum.feathercoin.com/index.php?topic=3415.0

I plan to move more of my trading to PhenixEx.com.  If you decide to sign up please use my referal link. https://phenixex.com?r=521B57358372-4E42  I hope this helps.

It seems discussion of this erm, 'exchange' has tailed off recently along with its credibility so I can't find any recent threads to tag this onto, hence a new topic.

Basically, it seems as if the Ruskies are running around like headless chickens after repeated DDoS attacks getting quite paranoid. Handing out 600-day bans like candy (yes, me included!) to anyone even vaguely critical of their operation.

In short, around May of 2013 I posted here the problems I had with a BTC transfer to my wallet that was held up for days. Support takes 2 days to answer any query which is very reassuring. And when they answer it is a two or three word answer in pidgin English. Eventually the transfer went through with no explanation of why it was held up.

Rather stupidly I gave them another chance as I wanted to trade FTC and LTC and they have a 99% monopoly on those markets.

Referring to this in chat got me a 600-day ban with no warning, appeal nor explanation. No, I wasn't trolling, in fact I was always really helpful to everyone, even the trolls, especially noobs with problems. But in the trollbox there is no such thing as a good reputation.

Now, you could say, "Well good riddance! Now get on with your life!" with which I'd agree, so tough luck you'll see more of me back on this forum now

But hey I'm just posting this for posterity as a low note in their customer relations and opening it up for discussion for anybody else who's either noticed this or had a similar experience.

Rant over, thanks for reading!