Topic: Just airing some frustration and some facts about BTCPOP - page 2. (Read 3805 times)

Its quite obvious that POP still dont generate enough income to pay their expenses and responsibilities, such insurance payouts. That is because , at beginning, insurances were pretty bad designed. But good, they fixed that now.
But generally, yes, they are doing pretty good now, and only with more users they can break the due point. Glad that LB and Jam are dying. A lot of new people are arriving, investing and borrow, wich is good to increase POP revenues.

There are a very good chance to POP win, if no more bad luck. 

About BBS:
Dom changed the owner to his brother.
Dom said because of security ( one day before he was arrested he changed the owner while feeling safe what he is doing as he say his self ).
I don't know if his brother know about it or not but i don't think it would have changed anything at all if they stopped trading or not.
On this way some got the chance to get out with lower loss, i'm one of the biggest shareholders or the biggest shareholder on BBS and i can't sell because collateral loan active.
I don't think my self that any dividend will be paid anymore on them and i also don't think that BBS will ever be profitable.
I think the business plan was to get money from the IPO. ( my opinion and offcourse i can't prove that for now ).
Facts about BBS:
Developing since months and result is nearly 1:1 copy to another site.
Raised about 30 BTC with IPO and the site had 11 users when i checked last time including his own account probaly.
The new owner is registerted at btcpop also and he didn't show up or commented anything about BBS.

I don't read much about deposit/withdrawals issues anymore.
Last time was because wallet server crashed and it was fixed few hours later.
Yesterday i read from one user he had problems with withdrawal and that was because hotwallet runned empty and it was solved when refilled.
Hotwallet don't hold much coins all the time to avoind losing lot of coins ( what makes it alone impossible what some claim to be happend ).

I think highest priority atm is to do insurance payouts, last time they did their was a bug and they stopped it their. I reported the bug ( users got to much insurance paid ).
So they work now on fixing that and automating insurance payouts.

They fosuccing on bug fixing since some weeks now without adding new features and still some claim they don't focus on bug fixing and adding new features all the time.
I think their could be better error handling.
If hot wallet empty their could be a message that withdrawal is delayed and will be proccessed as soon hotwallet get refilled.
If wallet server is down their could also be a message that something went wrong.

That would avoid a lot of support tickets and frustation.

I'm now 14 months on pop and i see developing all the time and also that they listen to their customers.
Some problems caused by bad luck ( like fixing bugs and then crashing a server ).

6 Months ago pop had 4000 users and now its more than 17k.

They are also behind with support tickets, i would love to see support tickets answered withhin 24 hours, maybe something what would work in the future.

I think they do pretty good if you count all together.
I think also they could do better :-)

My last post was posted without being finished. Now is ok.

Well too sad then. Important things were said here.

My final thoughts on this will be:

- Lee is a decent guy. Who already had the change to spoke with him, probably noticed that.
- The relationship between Lee and Dom couldn't never ended well because they were friends. Mixing friendship with labor work, cant never ends well.
- POP is a great platform. It need some fixs, of course, as all websites needs. Nothing to worry about, but POP should fix and prioritize the withdrawals bug - borrowers cannot wait more than 1+ day to get their coins. They are losing 1+ day of their loan.
- The other small bugs can be left in 2nd place, no rush on that. Not easy with small human resources do what POP did until now. Good job!
- Dom, shame on you because you had the responsibility to inform your investors about the changes in your company. People trusted in you and gave their money to you can work decently. You betrayal them.
- POP also should had stop the trades on BBS after they got knowledge of this situation, like i said in my previous post, in order to protect the new owner and all the investors.

Finally, legality issues are important ofcourse, but in this world, its better to have trust and confidence in people and operate with decency than open and run - Dom did that, Lee dont. Lee everyday is shoing his face and working always to put the website running without issues. In the other hand, Dom left all his investors with nothing.

Yes seems he deleted them...
Lucky i did some quotes... to bad i didn't on all :-(

Were are the fucking posts ?!? Deleted?  

The only one who is attacking is you.
I thought english is your native language? You're the one who has problems with reading.

IPO still shows registered country Germany.
So you lied again their? Missleading investors is that called i guess?





Any proof that Lee is lying?
You're lying all the time here.


Again problems with reading right?
So what part of "if i want" you don't understand?
And it was not misquoting. It was a clear accusation.
And offcourse now you realized it was Dom who wrote about DDoS its not a problem anymore for you... The guy who created lot of debt, lied, didn't kept his word is still the one to believe right?

You just don't realize that its criminal to call out false accusations?
So again where is the proof of anything you saying?

Another false accusation.
Again where is the proof?


Thats more trusworthy then your or Dom words right?


Another false accusation.
Proof that i can't withdraw coins?

I've another question to jerry:
How much tax must a company pay on profits if their is huge loss as you wrote?
How much tax evasion could be done if their is a loss and if done so does that mean they do evasion in getting tax returns?

Oh btw. Your site is operated illegal Jerry...
You live in Germany right?
§ 5 TMG and § 55 RStV to start with... could cost you several €1000,-
Where is your German Vat number on your site?

Where can i find the company information of Dashad?

From 2011 a believe of a FSA employee.
Btcpop applied for FSA regulations and they aren't interested.

I did.

I didn't wrote he don't need ssl even if he doesnt.
Btcpop has SSL certificate anyway. This came from you.

Didn't i wrote that they maybe get paid in Bitcoin but numbers are in Fiat?
Hide cash in whatever? Any proof of what you saying? The mayhem live business is also registered business and its not started long time ago...
Paying servers in Bitcoins is a crime because? ( If thats even true their CDN don't accept Bitcoin as example ).
I never wrote anything about taxes Pop have to pay or not to pay and you keep going on with it, you come with lies and things you think could be that way...
What you do is criminal in many countries just to let you know...

Ok another lie. I quoted a comment of dom where he wrote about ddossing others and you say i did threaening to hack anything?
You know i could sue you now if i wanted to?

The FB post from you was much later then my first postings here so another lie of you.

Oh now its rumors? Before it was fact as you wrote it.

Yeah like you wrote that it became worse since Dom leaved and your last login was on 15 April...

And another lie.
The hack in April 2015 was made public, i linked it also here in this thread.
Their is not a single proof for another hack.

I get mad? Oh interesting...

What site is shut down? What are you talking about?

Yes really weak of you, taking out loans and after that start to concern, yeah why should you do before?


Sorry i don't see arguments on your side only lies and assumptions.

Oh where did i wrote "Lee told me so" or something similar?
You write things I never said.
Show the laws.
The laws you mean are regulations by FSA you need to be FSA registered and licensed in the UK if it was fiat money based and FSA said that they aren't interested in Bitcoin. For them its like you would do the same with playmoney.
You'll probaly never understand that?
On the FB page you wrote that its illegal to have that kind of SSL certificate they have and that wasn't true at all, I researched it after you wrote it.

What with Tax now again? Where do i write something about tax?
BTCPOP pays taxes. They count their Profits/Turnover in Fiat and pay wages in Fiat money ( maybe they pay also in btc if emoloyee want so, but its based on fiat amounts ).
What role does it play how much Bitcoin I have or not have?
What did Lee hide? How much BTCPOP is in loss? Does he need to make loss public? Don't think so, anyway btcpop will make a yearly report voluntary.
And now show me where any facts are wrong about what I wrote and what part is aggressive from what I wrote.

And some questions to you:
1. Why did you use BTCPOP if you think its not legal?
2. Why did you create an IPO if you think its not legal?
3. Why did you ask even recently loans if its not legal?
4. Angry that you only sold 733 shares of 10000 for dashad?
5. You taked a Custom loan begin march and a Instant loan end march! And now everything is bad and illegal?

Seems more you're already searching for reasons why you should not repay your debt?

Ok, so where are these potentially valid complaints then? I would be most interested to hear them.

Why BBS trades weren't suspended until all get cleared?  It should have been, imo.

Poor investors...Massive sell off last days
It looks worst than a P&D shitcoin's performance atm.

Coinenthusiast, Why do you keep saying stop making this about Dom?

This thread is about Dom, it was started by Dom. Everybody reading this thread has invested in loans and business of Dom.

I think it's fair to be discussing Dom at this moment in time, it's all good and well to cry about something that may or may not have happened months ago, but I think Dom's actions are making it clear that he is trying to shift the responsibility for the trust and investment that has been afforded him (and as Casimir points out, a trust which was entirely based on his association with Lee)

If Dom was really so concerned about a hack at Christmas he should have manned up and publicised it then, not wait trying to butter both sides of his bread. And then start screeching like a bitch when it doesn't work out. OH NOW he lost his job NOW he cares NOW he has info.... pffffft bullshit man

Yes Pop is buggy sure. But that's only due to the silly amount of growth it's had recently due to the other btc p2p lending sites going down the pan. I personally haven't had any issues but I do acknowledge that others have. It's purely a case of trying to scale the staff and such with the influx of new users and that doesn't happen overnight.

I come with facts, you come with lies and feelings.

BTCPOP is registered as UK company.
Bitcoin is not regulated in the UK.
You know their was meetings with FSA, Lee told you also more than once and you still come up with the same BS.

Looks like "I dont have arguments but i say something so it looks like i still win".

Try at least to stay at the facts.

As a small-time investor in POP and elsewhere I think when somebody starts kicking up a fuss the second their contract is not renewed and they leave the company, they should be ignored and everybody should just move on xD

Funny how you defend Dom someone who said their was something around Chrsitmas/New Year and still asked people like me to invest in BBS?
Funny how you defend Dom who stated to use DDoS against others who wrote about him and GAW Miners.
Even if their was a hack you should think about who was one of the php main devs maybe?
Maybe think also about why his contract don't get renewed but at same time more coders searched?
C'mon think you can better.
The screenshot what dom is leaking from Internal chat just wrote about a loss, why did pop raise funds you guess? Maybe to get bigger staff when at the same time income isn't high enough?
The Insurance system in the begin was also crap, users lik dom could take out much debt with high insurance, That created also loss. Thats the reason it was changed.

He loses his Job and then comes with this story, before he asked investors to put more money in... yes seems legit.

The one who created lot of debt and lost all and then breaking deals made is the one to trust for sure.