CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available - page 46.

stenkross

sr. member

Activity: 330

Merit: 250

I found this post from tradefortress in another thread.
According to that post, CL depositors are safe as "Inputs user balances will never be used to pay off CL debt.".
Also security/hacks isn't a risk ... Lips sealed

Quote from: 🏰 TradeFortress 🏰 on October 16, 2013, 07:10:40 AM

There's no fractional reserve for Inputs. Inputs user balances will never be used to pay off CL debt. The only threat is if I am untrustworthy and decide to steal all the coins, which doesn't align up as CL balances have been steadily going down, people are withdrawing in panic due to the higher BTC price, BF / Btct.co closure, etc, and what do you see?

Security / hacks isn't a risk was Inputs uses cold wallets (duplicated & backed up).

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: mrtchipr on November 07, 2013, 08:45:25 AM

Quote from: 001sonkit on November 07, 2013, 07:40:09 AM

...Good news is that since CL is asset backed, the impact of Inputs to us is lower...

Sorry that isn't true. We're impacted as much or even more (since we're deprioritized?) than Inputs.io users.

Inputs does not lend out money, it does not have assets, it does not have shares, etc. It's much simpler to manage than coinlenders, which is why it is being done first.

I understand that people want more information but nothing has been finalized yet, and you'll receive an email when there's updates.

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Quote from: 001sonkit on November 07, 2013, 07:40:09 AM

Bad news is that we might be the last one to get on the repayment queue and our repayment portion might be lower in the worst case, depending on how TF would manage our stuff.

mrtchipr

newbie

Activity: 58

Merit: 0

Quote from: 001sonkit on November 07, 2013, 07:40:09 AM

...Good news is that since CL is asset backed, the impact of Inputs to us is lower...

Sorry that isn't true. We're impacted as much or even more (since we're deprioritized?) than Inputs.io users.
Here is the email I just received:

Hi,

This claim involves CoinLenders which will be handled soon. Due to major hacks, Inputs does not have enough BTC to repay everyone fully which has also affected CoinLenders. If you have had balance shown on Inputs.io, we're dividing up the coins we do have left based on a sliding scale, and have sent it to the specified address. On your Inputs account, your balance should have flipped to the negative to indicate you've received a refund.

We apologize sincerely for the lost Bitcoins. It's been a very hard lesson for us, and we're sorry that we have to pass it onto our users. Please respond to the email if you have any queries.

batman, not crabman

full member

Activity: 131

Merit: 100

Yeah just got this email back from coinlenders support address after I hassled them a little:

Quote

Hi,

CL claims haven't been finalized yet. You'll receive an update in about a week.

Not sure if it's good news or bad.

What really pisses me off is I never wanted an inputs.io account, I just wanted to use my wallet directly. But nooooooo, CL made me get one so every time I want to withdraw/deposit I have to go through io which just adds another fucking layer of confirmations. I never stored anything on io, it was just a stupid way of getting my coins in and out of CL.
The sad part is I was withdrawing my coins to sell them Sad

MoneyGod

sr. member

Activity: 406

Merit: 250

Quote from: 6strings on November 07, 2013, 07:43:43 AM

Wow.
I guess my application at CL isn't likely to get approval now.
Fingers crossed that all this gets sorted asap.

yes you are almost late for this now just all want coins back and TF is under huge depression not considering any new loans giving

6strings

sr. member

Activity: 441

Merit: 250

Wow.
I guess my application at CL isn't likely to get approval now.
Fingers crossed that all this gets sorted asap.

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Good news is that since CL is asset backed, the impact of Inputs to us is lower.
Bad news is that we might be the last one to get on the repayment queue and our repayment portion might be lower in the worst case, depending on how TF would manage our stuff.

Birdy

sr. member

Activity: 364

Merit: 250

Same here, I didn't have a lot of Coins in inputs.io, but a good chunk in coinlenders.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: high110 on November 07, 2013, 07:05:48 AM

All my BTC was tied up in CL...I hope I can extract some of it =(

same here. I had coins in CL and none in inputs.io

hope to get some back before Bitcoin Singapore Conference 2013
http://bitcoinsingapore2013.com/

kmtan

full member

Activity: 196

Merit: 100

I love Bitcoin

Quote from: high110 on November 07, 2013, 07:05:48 AM

All my BTC was tied up in CL...I hope I can extract some of it =(

at least to protect the initial CDs

kmtan

full member

Activity: 196

Merit: 100

I love Bitcoin

Quote from: kmtan on November 07, 2013, 06:55:54 AM

Quote from: 001sonkit on November 07, 2013, 06:47:35 AM

Email sent.

Email replied.

Quote

Can only refund Inputs.io now, which you don't have any other than 0.0005.

There will be automated systems for CL.

Extra question asked.
1: what is the Inputs.io unimpacted balance
2: how much portion of Coinlenders' coin is on Inputs.io

001sonkit
what mean by automated system for CL?

This is their reply, i guess it means automatic claiming system
[/quote]

thanks 001sonkit to share more info...

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

All my BTC was tied up in CL...I hope I can extract some of it =(

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Quote from: 🏰 TradeFortress 🏰 on September 25, 2013, 08:12:03 PM

Quote from: Keven on September 25, 2013, 08:19:24 AM

Quote from: 001sonkit on September 25, 2013, 07:57:39 AM

Quote from: chstls on September 25, 2013, 05:05:36 AM

btct关闭影响到dms，会影响到coinlender吗？

CL是獨立網站由TF營運而TF支付利息的主要來源是投資跟借錢出去。以TF的投資經驗BTCT關門對TF或CL影響不大

TF有大量投资在ASICMINER，现在股价跌了那么多，他的损失应该很惨重。他有足够的币还给coinlenders的存款人吗？这个时候coinlenders发生挤兑怎么办？

使用谷歌翻译的道歉，

我们持有不少的ASICMINER股份，并遭受损失，然而，是不是我们拥有的唯一资产。我们仍然是积极的，如果它进入一个城县，我们有更多的负债比我们的账面价值的，我们就会让大家知道，而不是试图去恢复正。

投资是没有风险的，它是关于对冲风险。

Q: TF got lotta ASICMINER, the share price had plummeted and the loss would be massive. Do he have enough coins to repay the loans in case everyone withdraw at the same time

A:This is a post from TF last month at Chiense board in english: this is my translation
Depite the great loss of ASICMINER shares, this is not the only asset that we own. If ever our debt is higher than our NET asset value, we will let everyone know instead of attempting to fix it close door.

Quote from: kmtan on November 07, 2013, 06:55:54 AM

Quote from: 001sonkit on November 07, 2013, 06:47:35 AM

Email sent.

Email replied.

Quote

Can only refund Inputs.io now, which you don't have any other than 0.0005.

There will be automated systems for CL.

Extra question asked.
1: what is the Inputs.io unimpacted balance
2: how much portion of Coinlenders' coin is on Inputs.io

001sonkit
what mean by automated system for CL?

This is their reply, i guess it means automatic claiming system

kmtan

full member

Activity: 196

Merit: 100

I love Bitcoin

Quote from: 001sonkit on November 07, 2013, 06:47:35 AM

Email sent.

Email replied.

Quote

Can only refund Inputs.io now, which you don't have any other than 0.0005.

There will be automated systems for CL.

Extra question asked.
1: what is the Inputs.io unimpacted balance
2: how much portion of Coinlenders' coin is on Inputs.io

001sonkit
what mean by automated system for CL?

favdesu

legendary

Activity: 1764

Merit: 1000

Quote from: 001sonkit on November 07, 2013, 06:47:35 AM

Email sent.

Email replied.

Quote

Can only refund Inputs.io now, which you don't have any other than 0.0005.

There will be automated systems for CL.

Extra question asked.
1: what is the Inputs.io unimpacted balance
2: how much portion of Coinlenders' coin is on Inputs.io

that's actually a good info.

Since coinlenders is generating revenue over time, I hope we can get our full investment out.

BTW: theoretically, TF could run coinlenders just like pre-inputs times.

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Email sent.

Email replied.

Quote

Can only refund Inputs.io now, which you don't have any other than 0.0005.

There will be automated systems for CL.

Extra question asked.
1: what is the Inputs.io unimpacted balance
2: how much portion of Coinlenders' coin is on Inputs.io

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: gweedo on November 07, 2013, 02:43:13 AM

not much that can be done without his information either.

Quote from: 🏰 TradeFortress 🏰 on July 02, 2013, 09:41:14 PM

Many trusted members here, including Casascius and people who I have done business with knows my identity and address.

wuala

full member

Activity: 163

Merit: 100

Luk, soy tu padreeee

Quote from: JohnHarmer on November 07, 2013, 04:53:52 AM

Quote from: windywinter on November 07, 2013, 04:41:44 AM

Quote from: kmtan on November 07, 2013, 04:33:49 AM

Quote from: windywinter on November 07, 2013, 04:01:50 AM

I just got my full balance in CL out (over 20 BTC). Although transaction hasn't been confirmed yet, I now declare that TF has earned my full trust.

lucky ...i have about 19+btc in CL, i am worry about it..

I think you don't have to worry anymore if you are not in need of your coins right now.
If you want your coins back now, send an email with your bitcoin address to [email protected]. I guess TF is processing refunds to users as we speak, just give him a little more time.

Good news! thank you!

Very good news!!!

When I get my refund, I'll post a notice. I just sent an email to gladoscc

I think I'll have a heart failure if I lose my coins...

Embarrassed

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: gaston909 on November 07, 2013, 04:19:10 AM

Quote from: windywinter on November 07, 2013, 04:01:50 AM

I just got my full balance in CL out (over 20 BTC). Although transaction hasn't been confirmed yet, I now declare that TF has earned my full trust.

I just sent him an email, lets give him some time. He will have a lot to organise.

I have more than that amount.
TF is gonna have lots of sleepless nights.

fyi:

Quote

https://bitcointalksearch.org/topic/m.2659846
Congratulations, you have figured out our web facing server runs on Linode. While it runs bitcoind (for blockchain access, verifying signed messages and pushtx), it contains zero coins and communicates securely to the hot pocket / "main" server, which also does it's own database integrity checks Smiley

Topic: CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available - page 46. (Read 111193 times)