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Topic: Don't use Poswallet.com to stake your coin.. - page 2. (Read 12862 times)

Bitpapio

member

Activity: 97

Merit: 10

Quote from: CoinTek on June 11, 2017, 10:06:30 PM

Does any one know what was the main cause of their "closing"? Also, what are other alternatives out there vs. staking individually? Would appreciate your thoughts!

It is really a shame that they decided to close their cloud staking service and turn the POSWallet.com website into an infomercial for their coin.
They essentially said to the community "F❤️ck off, we know what's best", and disassembled the only cloud staking service available. The could have easily tweaked their business model to make the venture profitable, by charging for premium memberships, which they had, but were outrageously priced and really offered no benefits.
Instead, they threw the baby out with the bathwater. They have made their brand irrelevant. I really don't see that they have anything to offer at this point.

CoinTek

newbie

Activity: 34

Merit: 0

Does any one know what was the main cause of their "closing"? Also, what are other alternatives out there vs. staking individually? Would appreciate your thoughts!

JellyO

newbie

Activity: 47

Merit: 0

Quote from: aioc on October 16, 2016, 08:15:16 PM

I have sent coins to my friends but it's still not showing after 48 hours and on facebook group on one community
they are talking that people are not receiving their coins in their dashboard..

Worst thing is the support is very slow,took one ticket 48 hours to get a response and the support did not solve my ticket,instead just ask me a question..

This is one of the worst support I have encounter,don't use poswallet to stake your coins or you will end up losing your coin.

Did you provide them all the info they needed for the issue? Yeah online services can have a lot of problems esp.if they go down because they're all run by small companies.

Mrbates

sr. member

Activity: 546

Merit: 250

Maybe a fed.

Quote from: Bitpapio on June 05, 2017, 09:23:45 PM

The official POSW thread is locked... Shocked

They locked it due to flaming/trolling (according to slack)
It will probably be reannounced with posw 2.0's rollout and have a new bitcointalk thread.

Bitpapio

member

Activity: 97

Merit: 10

The official POSW thread is locked... Shocked

Cent21

hero member

Activity: 1442

Merit: 578

Quote from: vella85 on June 04, 2017, 06:50:25 PM

I don't understand why they are delisting all these coins as most of them have active devs and strong communities so it doesn't make sense to me as even now they are delisting BitBean which has been solid for a long time now. They are killing their own service as in the end no one will use their wallet at all at the rate they are going.

I don't understand this too. Remaining coins are just a few. Are they selling servers?

I'm not even able to open poswallet.com now..... I see a cloudflare message saying "retray for a live version".

I do not know what to think about this.

vella85

hero member

Activity: 1862

Merit: 590

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

Quote from: adnoc on June 04, 2017, 12:24:24 PM

poswallet is dead the main role of the site is killed by dev delisting all the coins i would never trade on that site becouse price of poscoin is unstable
dead!!dead!!dead!!dead!!

Maybe dead today but if they redo the system and make it better say POSWallet 2.0 relaunch something like that and get 1000 hypers to hype it again, could go to a dollar. Sounds crazy today but after a big hype on the 2.0 relaunch news in crypo reality world not impossible!

adnoc

newbie

Activity: 6

Merit: 0

poswallet is dead the main role of the site is killed by dev delisting all the coins i would never trade on that site becouse price of poscoin is unstable
dead!!dead!!dead!!dead!!

Mrbates

sr. member

Activity: 546

Merit: 250

Maybe a fed.

Quote from: 2bfree on June 04, 2017, 09:37:56 AM

Quote from: Mrbates on June 04, 2017, 09:34:23 AM

Quote from: 2bfree on June 03, 2017, 09:19:48 AM

What is the plan for Poswallet coin for the rest of the year?

No one is sure as of yet, we're waiting for the new roadmap.

One of the support members said during the initial change there will only be posw, btc and ltc active and then they'll spend the next bit of time reactivating dash, stratis and a few others.

I'm holding my POSWallet tokens/coins or whatever it is that I bought on the exchange (Yobit and LIveCoin) I'm holding it in my Coinomi wallet. I'm I at risk of loosing my investment?

Thanks.

Posw coins stay, so no. However I would say, staking them at poswallet itself would be suggested. (this being the part people say centralization is bad)
But in turn if poswallet ever got hacked, posw coin would be worthless so keeping posw at poswallet gets you stakes, and dividends much quicker than others.

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

Quote from: Mrbates on June 04, 2017, 09:34:23 AM

Quote from: 2bfree on June 03, 2017, 09:19:48 AM

What is the plan for Poswallet coin for the rest of the year?

I'm holding my POSWallet tokens/coins or whatever it is that I bought on the exchange (Yobit and LIveCoin) I'm holding it in my Coinomi wallet. I'm I at risk of loosing my investment?

Thanks.

Mrbates

sr. member

Activity: 546

Merit: 250

Maybe a fed.

Quote from: 2bfree on June 03, 2017, 09:19:48 AM

What is the plan for Poswallet coin for the rest of the year?

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

What is the plan for Poswallet coin for the rest of the year?

abvhiael

hero member

Activity: 722

Merit: 501

ive been dealing with my own issues with poswallet.com for a few weeks, aside from the issue im embroiled with against them presently (see this thread: ( https://bitcointalksearch.org/topic/poswallets-million-dollar-fraud-1936045 ). i made a withdrawl of 23,000 GPU to my desktop wallet something id done many times before, simply adding to my stake in that currency thru purchases, but it presented no transaction id. when i posted a question to support, it took two weeks to get a response, at which point they supposedly send me the currency, but not to any GPU wallet i own or ever referred to. support became increasingly impossible to work with past this point. i also had 215,000 MONEY simply disappear from my wallet. no transaction history to show where it went, they simply stopped existing. support assured me that "currency does not just go missing" even though it JUST HAD.

Colin Blakely, the registrant of POSW Holdings LLC in North Carolina will wind up being the one person held ultimately responsible for the losses experienced by users of this exchange, his desire for anonymity not protecting him in this instance. the issue regarding the GAYmoney wallet balance likely stolen by this exchange has been forwarded to the NC Secretary of State, Elaine F. Marshall, and to FinSEC thru the US Department of Treasury, for investigation as POSW Holdings LLC is registered in that state and beholden to its legislations. I strongly urge others who have experienced financial losses thru mismanagement or theft at poswallet to also contact the appropriate authorities regarding these incidents of financial irregularity perpetuated by poswallet.com and let boosters like sdotdot go down with the sinking ship.

sdotdot

newbie

Activity: 54

Merit: 0

Quote from: btcdiggingmaster on May 30, 2017, 04:01:06 AM

Quote from: sdotdot on May 17, 2017, 04:08:16 AM

Quote from: guenni101 on May 16, 2017, 07:59:07 AM

ihad 8000 nav staking on pos then i wanted to send 3000 to my wallet but i never got them. one day later my other 5000 nav where gone too.
the support doesnt answer and always closes tickets insted of helping...

i would never recommend anybody to use this site.

does someone have an idea how to geht my coins back?

I've handled millions of coins through them, without having a single missing coin.

Proof before you FUD, friend.

Not only many people have concerns about him, no one will FUD without any harm to their property. They say they will take care of your coins but many people are raising their problems with them.

Yeah, problems like "I got 50 gaycoins from the faucets and now I can't withdraw." Cheesy

Grow up, the btc tx fee is 250 sats/byte.
The problem @guenni101 had came from NAV's forks, not PoSWallet issues.

There is no real problem, just cheap FUD.

btcdiggingmaster

hero member

Activity: 644

Merit: 500

Transact Safer / Chase Better

Quote from: sdotdot on May 17, 2017, 04:08:16 AM

Quote from: guenni101 on May 16, 2017, 07:59:07 AM

I've handled millions of coins through them, without having a single missing coin.

Proof before you FUD, friend.

Not only many people have concerns about him, no one will FUD without any harm to their property. They say they will take care of your coins but many people are raising their problems with them.

Bitpapio

member

Activity: 97

Merit: 10

Quote from: ?? on ??

up or down i am still very cautious on the fact that he is turning off most of the coins, and with that said he is also able to keep Huge amounts of coins from his clients . he simply keeps them. let me point out this example...

lets take for example   Vericoin
if by chance your wallet in POSWALLET>COM has   0.215125 VRC
this in his site equals aprox   0.00003154 btc
with a normale VRC = Vericoin withdrawal paymen of 0.01 VRC
POSWALLET will not allow you to withdraw those coins and you give them forced to the owner.
why? because the value of the coins are low and if they are under a certain point it is automatic forfeit to him.
so your coins are not yours and you have no control over them.
and i can say that from the time i started using POSWALLET several times the policy has changed.
and i would say each time the policy changes it is equal to him waking up in the mornings!

i simply do see why if he is delisting the coin forcefully why we are not able to pull these coins out? are they not ours?
are we asking to close that particular coin from his website?
so please do some math and how many people use Vericoin?
6913
Pool Users

presume that 900 are able to pull theirs out ... the other 6000 people forfeit their coins to him!
or math please....
6000 time more or less 0.00003154 = 0.18924 btc on a single coin and approximately...

he is delisting about 70 coins

0.18924 bt times 70 = 13.2468 BTC

13.2468 BTC   $2,171.76 from coindesk at the moment of posting = $28758.80 USD

all from the suckers like us that let him do this without saying a word!

the withdraw of a forcefully "by The Owner" closed coin should be withdrawn as per the same coins payment scale for transfer

it is not a question of the coin or anything else but he is doing this in a wrong way!

the individual value of the coin should not be of concern and allowed transfer as per the pay scheduled of the coin its self.
if a person would like his coins and thet have no value then the actual owner can bounce them on his screen like virtual ping pong balls if he so chooses but he is forcing the closure of the coin and should allow all people to withdraw all their coins!

tbh a pretty good point here, someon should post thisi n slack and hear what they tell about this because I don't think any dev will make a statement on this point in here ..

Yes Good point I also lost 650000 money coins I requested for withdrawing and did not receive,yobit says they did not get it so finally, I lost my coins.and I have many coins with little amount I try to withdraw them can't because I can't rich their minimum withdrawal amount,that's not fair because some coins allowed to transfer even 1 or 2 coins within the network, as quote said it's not fair I think that's the reason for posw massive dump

i honestly dont know the reason for a massive dump but it would actually make sense... if the Dev turns sour no one will want his products and what he is doing is obvious and directly killing his clients for a few pennies each that add up to a nice lil lump sum when all put together!
i personally have had private msgs from him saying i was poor and everything else and i never answered.. its not a question of just me but all the other small holders that want their coins also...

as i repeat... when i started using pos wallet i paid upfront for their service!!!!! nothing ever came of that!
and all the coins that have already been taken from UPFRONT payment still cannot be retrieved

come to think about it..... there were a ton of coins on his add coin list and many votes were even paid for! all of those simply make a great day at the park! the coins simply deleted from the list and all PAID votes he dosent even say thank you!

this is starting to sound alot like Cryptsy

Hey Paul V. is that you AGAIN??? is Horus still wagging his tail for you?

We refunded all users who purchased votes

I wonder when the refund was placed into the accounts? Huh

I do not see any transactions indicating that my votes were ever refunded

They deleted my post in the moderated thread, I posted it here

sdotdot

newbie

Activity: 54

Merit: 0

Quote from: Bitpapio on May 29, 2017, 05:46:53 AM

Quote from: sdotdot on May 28, 2017, 07:28:27 AM

Quote from: Bitpapio on May 28, 2017, 12:54:26 AM

What they forget is that the most important thing about business is customer service. If you have a bunch of unhappy customers you don't stay in business very long.

Actually you're the one missing the point. They are delisting coins with low volume and low support to clean up the house for the rest of them. I see nothing wrong with that, I'd rather have the devs improving the QoS than spending half of their time fixing the 808 wallet.

Take one look at the official thread and you will see that they are not cleaning house, but cleaning up by denying users to withdraw coins who have small balances, because of some arbitrarily selected price cap. Denying 5000 users out of 5500 the ability to remove coins from the site is not gonna make for a lot of happy customers. multiply by 70 coins and you see the magnitude of the problem they are facing.

The users who will not be able to withdraw will be compensated with POSW of similar value. If they support Poswallet, they will be happy. If they don't, they will sell the POSW and buy back whatever shitcoin they had. So the only problem they are facing is taking care of 70 wallets that are just a waste of time and money.

So goodbye and good luck to you, loyal poswallet user who can't accept a loss of 100 gaycoins to support a service you supposedly like, I'm looking forward to the devs working on an improved design and an unique code for the coin.

Buerra

legendary

Activity: 980

Merit: 1000

I can get the reason behind it why they reduce the list of coins.Customer service doesnt answer mails. I also dont recommend to use this service.

Bitpapio

member

Activity: 97

Merit: 10

Quote from: sdotdot on May 28, 2017, 07:28:27 AM

Quote from: Bitpapio on May 28, 2017, 12:54:26 AM

What they forget is that the most important thing about business is customer service. If you have a bunch of unhappy customers you don't stay in business very long.