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Topic: CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available - page 24. (Read 111205 times)

hero member
Activity: 630
Merit: 500
Bitgoblin
This is much fun: if you find a burglar in your apartment you kindly ask him if he's lost, and if he can kindly put down your laptop, because he must certainly be mistaken: it's yours, not theirs, but that's an understandable mistake.
Lol you're so fun.
I have to reiterate.
I'm seriously worried: if people are so gullible to the extreme, firm in their illusions... we might be doomed.
Not that it wasn't already obvious looking at our polititians, of course.


At least they're proposing possible solutions to this mess.  It sucks for everyone except for whoever it was that stole the 4100 bitcoins.  What would you propose as a solution, Lohoris?  Or are you one of the people who thinks that TradeFortress just absconded with the money himself and is screwing over his investors?
Obviously.
Leaving 4100 BTC in a "hot wallet" makes you have absolutely no clue what you are doing, so either he stole everything (much likely) or he is so incopetent he should be thrown in a jail anyway.

You shouldn't have invested there, all the warnings were up and you didn't listen.
sr. member
Activity: 336
Merit: 250
Here was me thinking people invested in BTC to protect themselves from the fall of the dollar. Not guarantee it! Can't accept a 91% haircut.
vip
Activity: 1316
Merit: 1043
👻
vip
Activity: 980
Merit: 1001
For people who are interested in how the 100% fiat settlement is calculated, here's a worked example:

Deposit 10 BTC on Sep 29th, considered $1430 deposited
Withdraw 1 BTC on Oct 2nd, considered $127 withdrawn
Deposit 1 BTC on Oct 16th, considered $154 deposited

Added together: 1430-127+154=$1457

The $1457 figure would be your re-denominated balance if you choose to accept, which is ~100% of the fiat value. Payment would be made in BTC using the latest MtGox ask.

Update

The situation is I'm facing extreme difficulties in getting most borrowers to honor their obligations - the BTC rally doesn't help. To name a few that have been impossible to reach (when talking about their debt):

https://bitcointalksearch.org/user/jordanl-70557
https://bitcointalksearch.org/user/graet-17548
https://bitcointalksearch.org/user/ascension-70541
https://bitcointalksearch.org/user/ukyo-35121

(Borrowers can deposit to CL via BTC address).

Many security issuers like CreativeX have gone missing, but thankfully in the past days Deprived and arij came back, and Crypto-Trade divs have been successfully paid on their own exchange. ASICMINER isn't doing well which is the collateral for many (defaulted) loans.

The reason why there's no email update is that I'm primarily waiting for other people that are not responsive, which results in having to pass on the non-responsiveness. All of CL's liquid coins were stored on Inputs and what's remaining are debts and assets that took a significant wipe (we still have borrowers that are communicative, thank you!, but the BTC rally is definitely hurting them and us, especially modification proposals).

I cannot find any communication from TradeFortress
I have not borrowed anything from coinlenders
TradeFortress or coinlenders may have purchased graet.loan on bitfunder - but I do not have a list of holders.
as explained in the graet.loan thread I was able to redeem graet.loan when only 1 ort 2 people at at time asked. Since the changes at BitFunder I have been flooded with requests and am unable to fulfill them all.

People that did due diligence know the aim of graet.loan was to be mainly repaid by mid 2014 - I am making arrangements to be able to continue with that goal in mind after bitfunder closes

Is this not your email? [email protected]
it is, I have searched through twice and cannot find anything, Please resend
sr. member
Activity: 336
Merit: 250
PLEASE POST OR PM me your settlement amount so it can be added to dumbfruits list.

Anon unless you specify otherwise.
member
Activity: 88
Merit: 10
Sent a mail asking if TF would work out what my settlement would be of a balance of 5BTC deposited at some time around June(cant find exact date due to how long ago it was and how active my BTC wallet has been since)

Hoping to hear soon.
vip
Activity: 1316
Merit: 1043
👻
For people who are interested in how the 100% fiat settlement is calculated, here's a worked example:

Deposit 10 BTC on Sep 29th, considered $1430 deposited
Withdraw 1 BTC on Oct 2nd, considered $127 withdrawn
Deposit 1 BTC on Oct 16th, considered $154 deposited

Added together: 1430-127+154=$1457

The $1457 figure would be your re-denominated balance if you choose to accept, which is ~100% of the fiat value. Payment would be made in BTC using the latest MtGox ask.

Update

The situation is I'm facing extreme difficulties in getting most borrowers to honor their obligations - the BTC rally doesn't help. To name a few that have been impossible to reach (when talking about their debt):

https://bitcointalksearch.org/user/jordanl-70557
https://bitcointalksearch.org/user/graet-17548
https://bitcointalksearch.org/user/ascension-70541
https://bitcointalksearch.org/user/ukyo-35121

(Borrowers can deposit to CL via BTC address).

Many security issuers like CreativeX have gone missing, but thankfully in the past days Deprived and arij came back, and Crypto-Trade divs have been successfully paid on their own exchange. ASICMINER isn't doing well which is the collateral for many (defaulted) loans.

The reason why there's no email update is that I'm primarily waiting for other people that are not responsive, which results in having to pass on the non-responsiveness. All of CL's liquid coins were stored on Inputs and what's remaining are debts and assets that took a significant wipe (we still have borrowers that are communicative, thank you!, but the BTC rally is definitely hurting them and us, especially modification proposals).

I cannot find any communication from TradeFortress
I have not borrowed anything from coinlenders
TradeFortress or coinlenders may have purchased graet.loan on bitfunder - but I do not have a list of holders.
as explained in the graet.loan thread I was able to redeem graet.loan when only 1 ort 2 people at at time asked. Since the changes at BitFunder I have been flooded with requests and am unable to fulfill them all.

People that did due diligence know the aim of graet.loan was to be mainly repaid by mid 2014 - I am making arrangements to be able to continue with that goal in mind after bitfunder closes

Is this not your email? [email protected]
420
hero member
Activity: 756
Merit: 500
I'm offered an 80% haircut

baby won't get that new pair of shews

I took 80% haircut he just used price of 768.03265481497395134002900263172

https://blockchain.info/address/13qvP8vSEKPxLHXNPeHtCE4TGgZFaZU6am
sr. member
Activity: 336
Merit: 250
92% haircut. Worse than any bank I know of.
member
Activity: 88
Merit: 10
Still no response to my e-mails either regarding updates on our potential CL balances and also offering a 50% cut on the 5 coins I have in there(5 coins is a lot to me)

Quite sceptical as to wether I'll see any of those coins again and at this exchange rate I'll likely never see 5BTC again Sad
I've responded and processed to all emails where we both agreed on a 100% refund of the USD amount (calculated at time of deposit / withdrawals).

I offered a 50% haircut on my BTC balance of 5 BTC, I deposited BTC so surely my repayment should be calculated in BTC, thos 5 BTC we're probably worth around $300 when i deposited them in june. which is less than 0.5BTC now.... Surely you don't want me/us to accept around 10% of what we deposited as a final settlement?

Excuse me if I'm mistaken and my figures are out.
sr. member
Activity: 336
Merit: 250
I will be if he treats me differently to others.

I agreed to his terms, I did the maths... only response I got is that its wrong.

What else can I do? Sit and wait.... don't think so.
420
hero member
Activity: 756
Merit: 500
You didnt reply to mine. I agree to that.
Please email me stating that you accept this offer as full settlement for your CoinLenders balance and we can proceed. Note that this is lower than the last offer you made to me.

This is done - I did the maths, I want out. Can you please just respond.

If you come to a different valuation can you tell me what it is rather than ignoring 100's of messages for the next few days...

please don't be sending him 100's of messages
sr. member
Activity: 336
Merit: 250
I feel special.

2 out of TFS last posts on this forum were to me, he is certainly generous with his time. I must be his favourite depositor and he does not want to let me go!

I agree to the USD idea. I did the maths, sent the email and nothing.

If you have a different way of calculating this then I would love to hear it. Its a huge huge hit, any more and it would belike accepting zero.

sr. member
Activity: 336
Merit: 250
You didnt reply to mine. I agree to that.
Please email me stating that you accept this offer as full settlement for your CoinLenders balance and we can proceed. Note that this is lower than the last offer you made to me.

This is done - I did the maths, I want out. Can you please just respond.

If you come to a different valuation can you tell me what it is rather than ignoring 100's of messages for the next few days...
sr. member
Activity: 336
Merit: 250
TF - That works out to a significant haircut and my maths look right based on how recentley the last 7.5 coins were deposited.

Can you please confirm and close this matter.
vip
Activity: 980
Merit: 1001
Update

The situation is I'm facing extreme difficulties in getting most borrowers to honor their obligations - the BTC rally doesn't help. To name a few that have been impossible to reach (when talking about their debt):

https://bitcointalksearch.org/user/jordanl-70557
https://bitcointalksearch.org/user/graet-17548
https://bitcointalksearch.org/user/ascension-70541
https://bitcointalksearch.org/user/ukyo-35121

(Borrowers can deposit to CL via BTC address).

Many security issuers like CreativeX have gone missing, but thankfully in the past days Deprived and arij came back, and Crypto-Trade divs have been successfully paid on their own exchange. ASICMINER isn't doing well which is the collateral for many (defaulted) loans.

The reason why there's no email update is that I'm primarily waiting for other people that are not responsive, which results in having to pass on the non-responsiveness. All of CL's liquid coins were stored on Inputs and what's remaining are debts and assets that took a significant wipe (we still have borrowers that are communicative, thank you!, but the BTC rally is definitely hurting them and us, especially modification proposals).

I cannot find any communication from TradeFortress
I have not borrowed anything from coinlenders
TradeFortress or coinlenders may have purchased graet.loan on bitfunder - but I do not have a list of holders.
as explained in the graet.loan thread I was able to redeem graet.loan when only 1 ort 2 people at at time asked. Since the changes at BitFunder I have been flooded with requests and am unable to fulfill them all.

People that did due diligence know the aim of graet.loan was to be mainly repaid by mid 2014 - I am making arrangements to be able to continue with that goal in mind after bitfunder closes
full member
Activity: 163
Merit: 100
Luk, soy tu padreeee
Still no response to my e-mails either regarding updates on our potential CL balances and also offering a 50% cut on the 5 coins I have in there(5 coins is a lot to me)

Quite sceptical as to wether I'll see any of those coins again and at this exchange rate I'll likely never see 5BTC again Sad
I've responded and processed to all emails where we both agreed on a 100% refund of the USD amount (calculated at time of deposit / withdrawals).

I'd like to have a 100% refund of the USD amount. What was the USD quote at 10-29-2013? If you remember, I asked for a full refund 10-19, and after two partial refunds, I asked you to deposit the pending amount back to CL.
sr. member
Activity: 336
Merit: 250
my last deposit was 7 coins only a week or so ago... can you tell me exactly what I am agreeing to then please because our maths is obviously different.
vip
Activity: 1316
Merit: 1043
👻
You didnt reply to mine. I agree to that.
Please email me stating that you accept this offer as full settlement for your CoinLenders balance and we can proceed. Note that this is lower than the last offer you made to me.
vip
Activity: 1316
Merit: 1043
👻
Still no response to my e-mails either regarding updates on our potential CL balances and also offering a 50% cut on the 5 coins I have in there(5 coins is a lot to me)

Quite sceptical as to wether I'll see any of those coins again and at this exchange rate I'll likely never see 5BTC again Sad
I've responded and processed to all emails where we both agreed on a 100% refund of the USD amount (calculated at time of deposit / withdrawals).
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