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Topic: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | - page 51. (Read 119723 times)

newbie
Activity: 23
Merit: 0

They have 4.5 billion doges in their cold wallet, which makes around 2,700 bitcoins. Their nxt cold wallet holds about 35 million coins, which makes around 1,574 bitcoins. So your assumption is pretty much wrong.

Maybe in number of clients/traders then ? :-)
hero member
Activity: 742
Merit: 526
IMHO, they simply choose to prior withdrawals of  US$, CNY and NXT because they were the most important in volume. I think other alts should follow.

They have 4.5 billion doges in their cold wallet, which makes around 2,700 bitcoins. Their nxt cold wallet holds about 35 million coins, which makes around 1,574 bitcoins. So your assumption is pretty much wrong.

Can you give me (or better us) the NXT address ? I can't find it. Oh also the doge address.

Thanks

Here they are: doge (DLRsCdiYdTuk7Td1GD5YqhdVuYZ7UGWep3) and nxt (NXT-R3V3-2S79-F3ZM-BVXKZ)

legendary
Activity: 1778
Merit: 1043
#Free market
IMHO, they simply choose to prior withdrawals of  US$, CNY and NXT because they were the most important in volume. I think other alts should follow.

They have 4.5 billion doges in their cold wallet, which makes around 2,700 bitcoins. Their nxt cold wallet holds about 35 million coins, which makes around 1,574 bitcoins. So your assumption is pretty much wrong.

Can you give me (or better us) the NXT address ? I can't find it. Oh also the doge address.

Thanks
hero member
Activity: 742
Merit: 526
IMHO, they simply choose to prior withdrawals of  US$, CNY and NXT because they were the most important in volume. I think other alts should follow.

They have 4.5 billion doges in their cold wallet, which makes around 2,700 bitcoins. Their nxt cold wallet holds about 35 million coins, which makes around 1,574 bitcoins. So your assumption is pretty much wrong.
newbie
Activity: 23
Merit: 0
IMHO, they simply choose to prior withdrawals of  US$, CNY and NXT because they were the most important in volume. I think other alts should follow.
hero member
Activity: 742
Merit: 526
I do not know, neither you do.

Agreed, I'm just trying to find some clues as to why... Here is what I found from the past that could throw some light on the present (why nxtcoins are going first). A threat to the hacker, sounds serious:

Quote
Let me present myself. I am a professional investor. I own several million NXT, one of them being on this account. I also own thousands of bitcoins, plus large sums in dollars, stocks, and physical gold. I am announcing here that if for some reason you guys (BTER, the small fish trying to buy the NXT from you, and yourself) screw the deal, then I will have to step up personnally. This can hurt NXT a lot, a make me lose over $1M of NXT investments, but I can assure you that if this happens, I will personnally make sure you end up in jail. And will spend whatever money you end up costing me to track you down for this specific purpose. So, to all: Stop panicking. Let's do thing clear and cut. Do your part of the deal, negociate with BTER. End of story. Thanks for reading. And think.

So we have an investor who is threatening the robber. Don't know how real his threats are, but if they are, it could be that he made bter a proposal now that they wouldn't dare to turn down. Another message by another happy nxt holder:

Quote
Your plan is not to hold NXT or BTER to Ransom. Your total plan is to force the rollback as you do not lose as you got BTC now. And you know by doing the Rollback NXT will drop so to you it makes no difference. Your not just a simple hacker are you? You target NXT only when you could get any of the other coins at the same time in bter there is most probably more BTC than NXT? I think this is nie master plan to take NXT out of the picture for good in big swoop. I would like the Hacker and BTER to add me on Skype: Something really does not match up in all this. But i see a very easy solution to screw the hacker into the ground and making him 46 million NXT useless. I have suggestion for BTER if they so wish to hear it on solving this matter SKYPE le-grande1

We don't know what's happening behind the curtains right now at bter with absolute confidence, but the choice of nxt seems deliberate.
legendary
Activity: 1778
Merit: 1043
#Free market
People will never learn about leaving any money on an exchange...but this sort of thing seems to be happening to regular

Now I hope a lot of person have "learned the lesson" : don't keep your money on an exchange (make it at your own risk). However news about the withdrawal? Has someone of you tried again?
sr. member
Activity: 280
Merit: 250
People will never learn about leaving any money on an exchange...but this sort of thing seems to be happening to regular
newbie
Activity: 23
Merit: 0
I do not know, neither you do.
hero member
Activity: 742
Merit: 526
if chief developer Jean-Luc Picard didn't released the b version (for hardfork), he would have taken the decision by himself. his role was to release this version for letting the community to decide.

Yes, but it had been made known that bter contacted the nxt development team after the theft with a proposal of the block chain rollback, and many members initially were supportive of this idea.

It didn't mean that he was for the hardfork solution.

How do you know? It was his offer after all.
newbie
Activity: 23
Merit: 0
if chief developer Jean-Luc Picard didn't released the b version (for hardfork), he would have taken the decision by himself. his role was to release this version for letting the community to decide.

It didn't mean that he was for the hardfork solution.
hero member
Activity: 742
Merit: 526
In short, withholding CNY and USD is fraught with a threat of legal prosecution, withholding NXT is just not worth it.
Maybe withholding for example MSC is worth it?

Who is behind MSC? When bter had been robbed of 50 million nxt coins in August last year, they were going to roll back the blockchain and exclude the offending transaction from it... Did you ever wonder why nxt developers would agree to this if they were not affiliated with bter?

Message from the hacker to bter "Okay, so I'll send everything back right now, if I get compensated".

BTER wanted to rollback. Nxt community voted decisively against it. BTER eventually paid 400 BTC to regain 43 million NXT.

It is not only bter who wanted to rollback. It was nxt's chief developer Jean-Luc Picard's offer to do a "hard fork", but the nxt community indeed didn't bend in.

Quote
Well, the rollback is cancelled. Dunno if it's good or bad coz I wanted to see what share of the stake would decide to rollback the changes. Taking into account that only small part of the nodes upgraded to 1.2.5b I can guess that only a small part agreed to play this game. But still...

You (and stdset) seem to be missing my point. Bter had developers on their side, and now they are saying that nxt's will be withdrawn first (alongside with dollars and yuanies)... How come?
hero member
Activity: 572
Merit: 506
In short, withholding CNY and USD is fraught with a threat of legal prosecution, withholding NXT is just not worth it.
Maybe withholding for example MSC is worth it?

Who is behind MSC? When bter had been robbed of 50 million nxt coins in August last year, they were going to roll back the blockchain and exclude the offending transaction from it... Did you ever wonder why nxt developers would agree to this if they were not affiliated with bter?

Message from the hacker to bter "Okay, so I'll send everything back right now, if I get compensated".
NXT developers have no power over community and stakeholders. It's the only right way of making such decisions, only community and stakeholders can decide to rollback or not. In the case of August Bter hack community opinion was overwhelmingly against rolling back.
legendary
Activity: 1764
Merit: 1031
In short, withholding CNY and USD is fraught with a threat of legal prosecution, withholding NXT is just not worth it.
Maybe withholding for example MSC is worth it?

Who is behind MSC? When bter had been robbed of 50 million nxt coins in August last year, they were going to roll back the blockchain and exclude the offending transaction from it... Did you ever wonder why nxt developers would agree to this if they were not affiliated with bter?

Message from the hacker to bter "Okay, so I'll send everything back right now, if I get compensated".

BTER wanted to rollback. Nxt community voted decisively against it. BTER eventually paid 400 BTC to regain 43 million NXT.
hero member
Activity: 742
Merit: 526
In short, withholding CNY and USD is fraught with a threat of legal prosecution, withholding NXT is just not worth it.
Maybe withholding for example MSC is worth it?

Who is behind MSC? When bter had been robbed of 50 million nxt coins in August last year, they were going to roll back the blockchain and exclude the offending transaction from it... Did you ever wonder why nxt developers would agree to this if they were not affiliated with bter?

Message from the hacker to bter "Okay, so I'll send everything back right now, if I get compensated".
sr. member
Activity: 277
Merit: 250
I like centralized exchange offices. Maybe it would be a good idea if you outsource the Cold wallets. I mean a trust company that insured the money 100%. A company doing nothing but credit to manage safely. You can do nothing to save as Bitcoins. There, a currency exchange desk could store their money. That would cost money though. But we should remember mtgox ... A currency exchange facility, has verifiable outsourced their money for each would be trustworthy. Anyway, as it is now, when no currency exchange ensures credible their money, it goes no further for Bitcoin.
(Sorry for my english. its Googletranslate.)
hero member
Activity: 572
Merit: 506
In short, withholding CNY and USD is fraught with a threat of legal prosecution, withholding NXT is just not worth it.
Maybe withholding for example MSC is worth it?
hero member
Activity: 742
Merit: 526
I have some CNY on that account - but live in the European Union. Is it possible to withdraw them to europe?

If you have a bank account open in CNY, I think you will be able to withdraw once you provide the corresponding info. And when they actually allow withdrawals, which they don't right now.

Someone has tried again to request a withdrawal ? I don't have any bitcoins in the site so I can't prove.  However why cny, usd & nxt for first ?

I have already explained the reasons somewhere in this thread. You don't read your own thread?

No I don't read all the posts // Sarcasm.

Maybe I've missed your post, now I will search it on your latest posts. Thanks.

In short, withholding CNY and USD is fraught with a threat of legal prosecution, withholding NXT is just not worth it.
legendary
Activity: 1778
Merit: 1043
#Free market
I have some CNY on that account - but live in the European Union. Is it possible to withdraw them to europe?

If you have a bank account open in CNY, I think you will be able to withdraw once you provide the corresponding info. And when they actually allow withdrawals, which they don't right now.

Someone has tried again to request a withdrawal ? I don't have any bitcoins in the site so I can't prove.  However why cny, usd & nxt for first ?

I have already explained the reasons somewhere in this thread. You don't read your own thread?

No I don't read all the posts // Sarcasm.

Maybe I've missed your post, now I will search it on your latest posts. Thanks.
hero member
Activity: 742
Merit: 526
I have some CNY on that account - but live in the European Union. Is it possible to withdraw them to europe?

If you have a bank account open in CNY, I think you will be able to withdraw once you provide the corresponding info. And when they actually allow withdrawals, which they don't right now.

Someone has tried again to request a withdrawal ? I don't have any bitcoins in the site so I can't prove.  However why cny, usd & nxt for first ?

I have already explained the reasons somewhere in this thread. You don't read your own thread?
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