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Topic: closed - page 15. (Read 164793 times)

legendary
Activity: 1960
Merit: 1062
One coin to rule them all
March 26, 2014, 10:11:31 AM

Still, even just a "We know about the broken withdrawals, and they'll be credited to cold store/destination address shortly" announcement would be really nice so I know where I am!


+1
hero member
Activity: 556
Merit: 500
March 26, 2014, 09:16:20 AM
kumala today logged in. he's reading for sure. kumala, we are angry as mad as you can imagine. do something to soothe the pain or there's no way out of this mess. you've got to raise fresh new capital and refund some depositors. give some incentive to keep trading on your exchange. I cannot bring any btc or ltc and keep working unless I've got something back from you. Find a partner, find someone, or put the money yourself. You can't keep an exchange running unless you have a few thousands btc to cover losses from your mismanagement. your company NAV has to be positive. amend this fucking situation asap. don't be worse than gox. Any proportional refund (for everybody, forget the scam bottom up bottom down distribution) above 30% would be a good start.
hero member
Activity: 556
Merit: 500
March 26, 2014, 08:41:09 AM
As a VCX shareholder I'm interested when the quarterly report for Q4-2013 will be posted.

Q3 ended end of November, thus Q4 will be end of February.

is he going to release it at all? was supposed to be a month ago
full member
Activity: 199
Merit: 110
March 26, 2014, 07:32:56 AM
If it makes you feel better ... there have been many up and downs in the short history of cryptocurrency. In a few years, even a few months, you might well be glad that vircurex prevented you from fooling around with your coins when the market was weak. I think vircurex might have a better chance to survive the winter exactly because kumala responds slowly. This exchange doesn't  appear to take a lot of resource to run. An opposite example was mcxnow before realsolid had to shut it down to take a rest -- he was like online 24 hours a day to run it.

Losses from buying too high are the majority, at least. I'm also partly investing in skills; as a developer, getting involved early on is good for the resume!

However, very much I'm out of the market until it improves and/or I can patch the hole from my regular income. Trying to trade now would just lead to me making daft mistakes.

Still, even just a "We know about the broken withdrawals, and they'll be credited to cold store/destination address shortly" announcement would be really nice so I know where I am!
hero member
Activity: 516
Merit: 500
CAT.EX Exchange
March 26, 2014, 07:17:36 AM
they only way they can keep vircurex afloat is to raise new fresh capital and with that repay at least 50% of the frozen funds. I guess they would need at least 500 btc of injection. Maybe more. and the more they wait the worse it could be since ltc keeps going up and they are way big short of LTC right now.

there is still a huge market for cryptos, and vircurex can still make 20 btc a month of commissions. even more. but they need the support of the depositors that have frozen funds. I guess if they refund 50% of the frozen funds they will continue to trade on that platform (I will), otherwise this is pretty much dead forever.

Kumala are you reading?? are you listening?? find someone who want to finance your project and get another jump start at it. DO IT NOW!

Probably not what you want to hear, but recent losses including this take me past what I can afford to lose safely (I'm now below 50% of original investment, assuming funds in Vircurex are a lost cause), so whatever happens, short term I'm intending on unwinding my position as I can...


If it makes you feel better ... there have been many up and downs in the short history of cryptocurrency. In a few years, even a few months, you might well be glad that vircurex prevented you from fooling around with your coins when the market was weak. I think vircurex might have a better chance to survive the winter exactly because kumala responds slowly. This exchange doesn't  appear to take a lot of resource to run. An opposite example was mcxnow before realsolid had to shut it down to take a rest -- he was like online 24 hours a day to run it.
sr. member
Activity: 304
Merit: 250
March 26, 2014, 07:05:31 AM
. . . nobody will fully trust Vircurex again . . .

Reminds me MTGox last year after their "first troubles" and voila, see how many idiots were onboard after that Cheesy. Again and again, keep failing...
full member
Activity: 199
Merit: 110
March 26, 2014, 06:39:11 AM
they only way they can keep vircurex afloat is to raise new fresh capital and with that repay at least 50% of the frozen funds. I guess they would need at least 500 btc of injection. Maybe more. and the more they wait the worse it could be since ltc keeps going up and they are way big short of LTC right now.

there is still a huge market for cryptos, and vircurex can still make 20 btc a month of commissions. even more. but they need the support of the depositors that have frozen funds. I guess if they refund 50% of the frozen funds they will continue to trade on that platform (I will), otherwise this is pretty much dead forever.

Kumala are you reading?? are you listening?? find someone who want to finance your project and get another jump start at it. DO IT NOW!

Probably not what you want to hear, but recent losses including this take me past what I can afford to lose safely (I'm now below 50% of original investment, assuming funds in Vircurex are a lost cause), so whatever happens, short term I'm intending on unwinding my position as I can...
hero member
Activity: 556
Merit: 500
March 26, 2014, 06:30:19 AM
they only way they can keep vircurex afloat is to raise new fresh capital and with that repay at least 50% of the frozen funds. I guess they would need at least 500 btc of injection. Maybe more. and the more they wait the worse it could be since ltc keeps going up and they are way big short of LTC right now.

there is still a huge market for cryptos, and vircurex can still make 20 btc a month of commissions. even more. but they need the support of the depositors that have frozen funds. I guess if they refund 50% of the frozen funds they will continue to trade on that platform (I will), otherwise this is pretty much dead forever.

Kumala are you reading?? are you listening?? find someone who want to finance your project and get another jump start at it. DO IT NOW!
full member
Activity: 199
Merit: 110
March 26, 2014, 04:50:25 AM
Vircurex should airdrop some liquidity and get the wheel turning.

Kind of requires they have money, and given how much people would claim the market trading with itself was a scam, is probably not a great idea.
hero member
Activity: 516
Merit: 500
CAT.EX Exchange
March 26, 2014, 04:09:59 AM
Posting it twice doesn't make it any less meaningless a statement.

Oops. The page froze when I made the first post. The second time it went through. I thought the networks girl did something with the router.
legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
March 26, 2014, 03:58:34 AM
Vircurex should airdrop some liquidity and get the wheel turning.
Vircurex should airdrop some liquidity and get the wheel turning.

Posting it twice doesn't make it any less meaningless a statement.
hero member
Activity: 516
Merit: 500
CAT.EX Exchange
March 26, 2014, 03:35:58 AM
Vircurex should airdrop some liquidity and get the wheel turning.
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
March 26, 2014, 03:28:06 AM
Still waiting for BTC from a failed withdrawal to either turn up in frozen, or the address it was sent to. Three emails left unreplied to (and yes, I'm still being polite)

Only good news being the reported fixing of the QRK wallet, so they're still out there somewhere.

I have also send two unanswered email (and yes, I'm still polite too).
I just want to know if the funds stuck in the failed tx is frozen or just "stuck".
hero member
Activity: 516
Merit: 500
CAT.EX Exchange
March 26, 2014, 03:14:03 AM
Vircurex should airdrop some liquidity and get the wheel turning.
full member
Activity: 199
Merit: 110
March 26, 2014, 03:09:53 AM
Still waiting for BTC from a failed withdrawal to either turn up in frozen, or the address it was sent to. Three emails left unreplied to (and yes, I'm still being polite)

Only good news being the reported fixing of the QRK wallet, so they're still out there somewhere.
legendary
Activity: 1076
Merit: 1003
March 26, 2014, 02:47:46 AM
I think they ran with the money!! Is there anybody who knows any details from the owner ( real name, adress....anything at all)
newbie
Activity: 2
Merit: 0
March 26, 2014, 01:23:11 AM
At this point there is only one thing Kumala can do to keep the exchange afloat: publish proof of reserves for all coins on the exchange. If he (or she?) doesn't nobody will fully trust Vircurex again, but if he does there is a huge competitive advantage versus sites like cryptsy and bter.
hero member
Activity: 556
Merit: 500
March 25, 2014, 07:44:06 PM
Quote
8 Mars now and yet again Vircurex fails to produce there shareholders report in time. No announcement on there stock on Cryptostocks https://cryptostocks.com/securities/34 and no report up at https://vircurex.com/welcome/investors and we're more than a week into Mars.

https://bitcointalk.org/index.php?topic=140700.60

that was the signal to get the fuck out. someone smart did it leaving the rest of us bagholding.  
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
March 25, 2014, 06:04:55 PM
They go public in Feb 2013 for 0.25 BTC a share (lol).

Then get hacked in May 2013.

Now they need to freeze withdrawals in March 2014.

https://bitcointalksearch.org/topic/vircurexcom-going-public-140826

Their mickey mouse site design was a big enough clue to me that they were incompetent from the get-go. Good riddance.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
March 25, 2014, 05:25:31 PM
So to recap:

Make Vircurex an asset on cryptostocks (same owner) named VCX.
Owner breaks the contract with his investors and shovels losses on ivenstors in form of no dividends.
Vircurex pays for having alot of btc/similiar on/in it.
Vircurex freezes those money because they have no more coins themself.

Yea, 3 times scammed. well done Kumala, you ruined once a great exchange!

The fact that Kumala hasn't posted here in weeks should be alarming.

No communication reminds me of Mark K.

Same scammer BS.
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