Topic: CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available - page 36. (Read 111193 times)

I'm not wondering at all.

Absolutely agreed. Using Linode, which has been compromised on many occasions by their own technicians, goes beyond incompetence. You really have to wonder if this hack was intentional.

DumbFruit,

I agree--it should be principal + interest. I would agree that if the CD is terminated then that user has the right to remove the BTC balance shortly after that. I'd be OK not getting future (not yet earned) interest as long as I can get my BTC back with interest earned at current date. I don't think we can expect him to continue offering the service to the life of a CD based on the current situation.

I do notice my CL balance appears correct based on the fact that the CDs are now terminated. I had 3 roughly 1 week apart. The last one would have ended on 11/28. Each CD is between 1.1 and 1.2 BTC. That being the case, I did not earn the additional ~0.05 BTC.

I guess at this point, we need to get BTC back in a few days time otherwise, yes we should be earning interest again. Further, should we only get partial BTC back, we should continue to earn interest on remaining amount until it is received. We gave loans with interest to CL and CL gave loans to users with higher interest. We don't need to get cut out of the loop unless we get our BTC back.

It seems that so far TradeFortress is trying to do something about this situation. I hope that he learns something from this situation. If he is as young as he claims then I think he has a good future ahead of him if he does the right thing here and works to rectify this.

CryptoUser01

Same here or we'll be having the same topic over at http://bitcoinsingapore2013.com this Friday.

I'd be happy with just my initial deposit back.

Two things;

-TradeFortress owes his customers principal + interest. He can't just pretend interest didn't happen in his calculations.

-If CoinLenders users would like to give up the interest they accrued to Inputs.io users that is their decision when they are paid back, but if TradeFortress does it, that is theft.

Might need a re-brand

That's true to. When is TF paying us what we have displayed on our Cl accounts?

Update,
It appears he refilled the cl balance

By "TF should run coinlenders" I assume you mean he should continue to collect loans due and pay back depositors. Noone is going to make more deposits to CL.

I agree! He can still use CL to make a profit and repay Inputs users. However I feel if he were to do this the amount of profit will be gradual and not a a fast enough pace
for Inputs.io victims whom demand their BTC be repaid ASAP.

oh... well... Sorry, my fault. JD have to confiscate some since inputs was compromized.

My point is that there are still locked up assets. All we can do is just wait and see how much we can get.

he has no funds in Justdice.

Get him in jail and get nothing back. Nice lose lose situation. He still got some of his CL investment in Just Dice (Thanks TwinWinnerD for correction), unpaid back loans, unliquidated stocks.

Inputs and CL is a different case, if you would like to talk about inputs, switch thread. This is not where you should talk about it.

Just like Pirate, right?  Just like MyBitcoin, right?  Just like , right?  Just be patient.

The inputs.io customers victims aren't getting their 4100 BTC back.  You might as well try and get him in jail while you can (and not give him more time to spend the cash that he just got).

See, just be patient. I know that guys have been a bit skeptic with the "thing" Tradefortress. If I were an Inputs.io depositer, I'd have be one of you. So far he had done what he claimed he should do have done. He HAVE to wait for most of the Inputs user to file their claim before Coinlenders figure out what should be claimed. If you dox him out to the government before he have a chance to sell his stash and pay us back. You are literally giving out your coin and asset held by TF to the damned government.

Just be patient, this isn't how the world works. Take a look in his profile once in a while see if he sold his stash of ASICMINER yet. It takes time.

Hmm if that was feasible he would probably not be terminating the CD's and cancelling the interest..... right?

Some of my CDs were locked in until the end of December.... he has given himself less time to liquidate as opposed to more.

I agree with you, the email I sent him was replied to almost instantly, and he seem to be doing all he can to make this whole story as free from financial pain as possible.
That being said, I am waiting until I get more information about our refunds or get my BTC's out before I decide if he should be called a hero or a scammer.

Aha, the interest was changed on all to reflect the 0.001... well that makes more sense.... its a shame but understandable. Lets just write the interest off a contribution to inputs users but for those of us who had a CD locked away for months with now effectivley zero return. It would make it hard to take a haircut.

Despite the mistakes here, TF deserves more credit than he is getting in the last few days.