Good signs from the exchange indeed. I might get back trading there when they hit 1000btc volume with the altcoins.. 
That might be earlier than you think! 300 BTC already and with Fiat it is very close.
Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 22. (Read 119733 times)
March 12, 2015, 01:29:17 PM
That might be earlier than you think! 300 BTC already and with Fiat it is very close.
March 12, 2015, 01:18:30 PM
Good signs from the exchange indeed. I might get back trading there when they hit 1000btc volume with the altcoins..
Hmm... it seems they want to start again but after a lot of hacks I do not suggest to keep your coins in the site for more than 24 hours (it is still a high risk).
March 12, 2015, 01:07:29 PM
Good signs from the exchange indeed. I might get back trading there when they hit 1000btc volume with the altcoins..
March 12, 2015, 10:59:55 AM
BTC_B/BTC market
Is a good idea.
AFA the post saying BTER can use it to generate more fee's, Good all those fee's are going to repay stolen BTC and fee's are suspended for a month anyway.
For some reason I doubt BTER is monitoring this thread so anyone even remotely connected to them should link this idea to them.
Also
I got a support response withing a few hours yesterday. Although it was the same chinese not understanding the question shit.
Is a good idea.
AFA the post saying BTER can use it to generate more fee's, Good all those fee's are going to repay stolen BTC and fee's are suspended for a month anyway.
For some reason I doubt BTER is monitoring this thread so anyone even remotely connected to them should link this idea to them.
Also
I got a support response withing a few hours yesterday. Although it was the same chinese not understanding the question shit.
I will contact them and ask for adding of that market.
March 12, 2015, 10:42:54 AM
Doge withdraw enable! Finnaly, my lovely doges in my hands *my preeeeeeeeeeeecious*.
Rest some more coins but much less valuable.
Rest some more coins but much less valuable.
Are going to trade again at bter? Rates seem so sweet now, and you won't have to pay the fees for the whole month at that! What is your choice now that the bter cold wallet storage is handled by an outside custodian?
Or are waiting for an outside job?
I need a break with Bter, they costed me too much nervous when i graved 25% of my depo for mounth. I think now that Bter are not scamers and it was real hack, but i still strongly doubt about them security. Fact that they gave cold wallets to outside company (unknown to me company) do not increase my faith that coins on exchange are safe. Will see how they will operate in nearest mounths and proly will return some of my coins back but right now i can't convice self to risk my money again.
March 12, 2015, 10:39:38 AM
BTC_B/BTC market
Is a good idea.
AFA the post saying BTER can use it to generate more fee's, Good all those fee's are going to repay stolen BTC and fee's are suspended for a month anyway.
For some reason I doubt BTER is monitoring this thread so anyone even remotely connected to them should link this idea to them.
Also
I got a support response withing a few hours yesterday. Although it was the same chinese not understanding the question shit.
Is a good idea.
AFA the post saying BTER can use it to generate more fee's, Good all those fee's are going to repay stolen BTC and fee's are suspended for a month anyway.
For some reason I doubt BTER is monitoring this thread so anyone even remotely connected to them should link this idea to them.
Also
I got a support response withing a few hours yesterday. Although it was the same chinese not understanding the question shit.
March 12, 2015, 10:31:34 AM
They should open a BTC_B/BTC market. Customers with coins lost in the hack can sell their BTC_B at a discount to speculators banking on Bter making good on repaying them eventually.
Fully support idea of btc_b/btc market.
It may turn out in the end, that bter may like the idea of these virtual bitcoins, and their total amount will be higher than the number of actually stolen btc. If it increases turnover, raises liquidity and brings profit, why dispose of a working device?
Valid point.
It could become so successful, that Bter may purposely delay further repayments simply to milk the market for more trading fees. Also, rather than directly paying back all the BTC, it would be advantageous of them to secretly buy up BTC_B at a discount on the open market. Now that I start to think about it, there are a plethora of ways a system like this could be abused by Bter. It would require trusting them, and trust is not exactly a commodity they are holding in abundance at the moment.
What if the BTC_B were made into a token on Counterparty or NXT? It would allow trading to be trustless and completely transparent.
I've got no skin in this. I just wandered in here because the GAW thread has been a bit slow lately. So it's up to you guys really. If you demand a way to make BTC_B liquid so you can sell off the risk to speculators, there are ways to make it happen but demand it loud and clear so Bter can't avoid listening.
EDIT : There really isn't a way to stop Bter from buying up BTC_B on a decentralized market either. I don't know, it sounded like a good idea at first but it may be an unworkable solution.
It is still a good solution. In reality it doesn't matter who buys the tokens from you. In the end BTER will have to spend BTC to make up the lost funds, this way they just save money because the speculators don't get their cut.
March 12, 2015, 09:00:46 AM
Doge withdraw enable! Finnaly, my lovely doges in my hands *my preeeeeeeeeeeecious*.
Rest some more coins but much less valuable.
Rest some more coins but much less valuable.
Finally, today I will start to withdraw all my altcoins and stop to using bter.com again. They have lost my confidence and they don't want explain what is happened that day (the real version).
March 12, 2015, 08:52:21 AM
Doge withdraw enable! Finnaly, my lovely doges in my hands *my preeeeeeeeeeeecious*.
Rest some more coins but much less valuable.
Rest some more coins but much less valuable.
Are going to trade again at bter? Rates seem so sweet now, and you won't have to pay the fees for the whole month at that! What is your choice now that the bter cold wallet storage is handled by an outside custodian?
Or are you waiting for an outside job?
March 12, 2015, 08:37:38 AM
Doge withdraw enable! Finnaly, my lovely doges in my hands *my preeeeeeeeeeeecious*.
Rest some more coins but much less valuable.
Rest some more coins but much less valuable.
March 12, 2015, 06:48:45 AM
They should open a BTC_B/BTC market. Customers with coins lost in the hack can sell their BTC_B at a discount to speculators banking on Bter making good on repaying them eventually.
Fully support idea of btc_b/btc market.
It may turn out in the end, that bter may like the idea of these virtual bitcoins, and their total amount will be higher than the number of actually stolen btc. If it increases turnover, raises liquidity and brings profit, why dispose of a working device?
Valid point.
It could become so successful, that Bter may purposely delay further repayments simply to milk the market for more trading fees. Also, rather than directly paying back all the BTC, it would be advantageous of them to secretly buy up BTC_B at a discount on the open market. Now that I start to think about it, there are a plethora of ways a system like this could be abused by Bter. It would require trusting them, and trust is not exactly a commodity they are holding in abundance at the moment.
I think that 1000 btc that a wallet custodian service allegedly granted to bter is actually the price the exchange has been sold for. But there is no doubt this is better than nothing or had Lin decided to just run away with our money.
March 12, 2015, 05:38:03 AM
They should open a BTC_B/BTC market. Customers with coins lost in the hack can sell their BTC_B at a discount to speculators banking on Bter making good on repaying them eventually.
Fully support idea of btc_b/btc market.
It may turn out in the end, that bter may like the idea of these virtual bitcoins, and their total amount will be higher than the number of actually stolen btc. If it increases turnover, raises liquidity and brings profit, why dispose of a working device?
Valid point.
It could become so successful, that Bter may purposely delay further repayments simply to milk the market for more trading fees. Also, rather than directly paying back all the BTC, it would be advantageous of them to secretly buy up BTC_B at a discount on the open market. Now that I start to think about it, there are a plethora of ways a system like this could be abused by Bter. It would require trusting them, and trust is not exactly a commodity they are holding in abundance at the moment.
What if the BTC_B were made into a token on Counterparty or NXT? It would allow trading to be trustless and completely transparent.
I've got no skin in this. I just wandered in here because the GAW thread has been a bit slow lately. So it's up to you guys really. If you demand a way to make BTC_B liquid so you can sell off the risk to speculators, there are ways to make it happen but demand it loud and clear so Bter can't avoid listening.
EDIT : There really isn't a way to stop Bter from buying up BTC_B on a decentralized market either. I don't know, it sounded like a good idea at first but it may be an unworkable solution.
March 12, 2015, 05:29:27 AM
"Most markets are re-enabled now and we are making withdrawals work for more and more coins."
BTC and XCP withdrawals are working. MSC and PPC not.
BTC and XCP withdrawals are working. MSC and PPC not.
Dogecoin withdrawals are still disabled as of yet. I injected back some 250K doges out of my 6 millions that I had managed to withdraw previously. Wanna see how things pan out with this new kid on the block, bter virtual bitcoins.
March 12, 2015, 05:18:19 AM
"Most markets are re-enabled now and we are making withdrawals work for more and more coins."
BTC and XCP withdrawals are working. MSC and PPC not.
BTC and XCP withdrawals are working. MSC and PPC not.
March 12, 2015, 04:57:24 AM
They should open a BTC_B/BTC market. Customers with coins lost in the hack can sell their BTC_B at a discount to speculators banking on Bter making good on repaying them eventually.
Fully support idea of btc_b/btc market.
It may turn out in the end that bter may like the idea of these virtual bitcoins, and their total amount will be higher than the number of actually stolen btc. If it increases turnover, raises liquidity and brings profit, why dispose of a working device?
March 12, 2015, 03:45:28 AM
Yeah, obviously they need to have withdrawals fully up first, but once they are up it gives those who need their BTC now the option of passing the risk and the wait onto someone else. They will end up losing a portion of their BTC obviously. How much they lose depends on how much the market is willing to pay. It creates another market that I imagine could draw in some decent volume and help Bter start to earn back the losses, it gives speculators and traders a new toy to play with, and it gives those that just want to get the hell out of dodge ASAP an exit. Everyone wins.
March 12, 2015, 03:21:57 AM
They should open a BTC_B/BTC market. Customers with coins lost in the hack can sell their BTC_B at a discount to speculators banking on Bter making good on repaying them eventually.
That's a really good idea. I guess it's similar to people still buying GHs on cex.io in the hope that they might become worth more if cex start mining again. Bit of a gamble I reckon. I think there's more chance of BTER making good on repaying than cex becoming profitable.
March 12, 2015, 02:55:16 AM
They should open a BTC_B/BTC market. Customers with coins lost in the hack can sell their BTC_B at a discount to speculators banking on Bter making good on repaying them eventually.
Fully support idea of btc_b/btc market.
March 12, 2015, 02:40:18 AM
They should open a BTC_B/BTC market. Customers with coins lost in the hack can sell their BTC_B at a discount to speculators banking on Bter making good on repaying them eventually.
No, withdrawals BTC and other alt's first, they losing trust every minute by minute without withdrawals.
BTC_B <> BTC market will create BTC flow to the market; people will deposit BTC in order to get "virtual" BTC. That's good for everyone.
On top of that, they started with withdraws. They are just advancing slowly
March 12, 2015, 02:27:42 AM
They should open a BTC_B/BTC market. Customers with coins lost in the hack can sell their BTC_B at a discount to speculators banking on Bter making good on repaying them eventually.
No, withdrawals BTC and other alt's first, they losing trust every minute by minute without withdrawals.
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