Liberty Reserve still down? | Bitcointalksearch.org

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Bah ... just a tease.

Quote

Credit Card Funding

Access to this feature has not yet been enabled for your account. Please note that at this time access to this feature is issued manually at the discretion of our compliance team, and only to verified users that fit specified criteria. Eventually, almost all COMPLETELY verified users that fit the criteria will have this feature enabled. Please do not contact support for any specifics regarding this feature as they will not be able to provide any additional information. You will receive a confirmation e-mail once this feature has been enabled in your account. It will arrive to the e-mail address registered in your profile.
Your understanding and cooperation is appreciated.

- https://www.libertyreserve.com/en/funding

[Edit: How would you become "COMPLETELY verified"?]

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: sippsnapp on August 26, 2012, 08:26:32 PM

Its up again as it seems.

~~Negatory. Try to login:~~ Yup, it is up.

- https://www.libertyreserve.com/en/login

Hit refresh

sippsnapp

sr. member

Activity: 322

Merit: 250

Its up again as it seems.

ryan32

newbie

Activity: 5

Merit: 0

wait

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: DeathAndTaxes on August 24, 2012, 09:35:21 AM

No it is still down, probably a very bad sign.

The were down for nearly two weeks in 2011, a lot of people wrote them off and they came back like nothing happened.

So this second year in a row now. If they do come back, then that possibly means they are getting a full audit, possibly by their regulators there and are turning over the data (neiither of which would they or could they reveal to anyone, of course).

But allegedly their non-reversible payments aren't so "non-reversible":

- https://twitter.com/briankrebs/status/237939638860402688

Another thread on the topic:

- https://bitcointalksearch.org/topic/libertyreserve-mass-account-blocking-101955

beetlebrow

newbie

Activity: 12

Merit: 0

Oooer, that doesn't sound good. I have a few bob in there. Will have to keep a beady eye on this.

jasoncol

newbie

Activity: 6

Merit: 0

Same here. Still waiting. I hope it's just a maintenance that took longer than expected.

loadrs2009

member

Activity: 75

Merit: 10

Quote from: DeathAndTaxes on August 24, 2012, 09:35:21 AM

No it is still down, probably a very bad sign. Our company has a small amount on there.

It does show the strength of Bitcoin though. LR was a completely opaque and centralized system. It is entirely possible that they got greedy and decided to introduce some fractional reserve system. More profits, more leverage, more fun. Or they had some fraud/theft and hid that by simply inflating the amount of LR (in fiat currencies undetected counterfeiting adds to inflation). Such a system could work fine for months or years unless you get a large imbalance of withdraws vs deposits. Then you have a bank run ... well unless you have a ~~2 hour~~, ~~3 day~~, 8 day "scheduled" maintenance.

totally i agree with this i have 600$ there Sad

hope they wont scam me .

sippsnapp

sr. member

Activity: 322

Merit: 250

Yeah, indeed, right now i feel like withdrawing there and buying bitcoins.
Wanted to do so when the coins where tanking bt sadly it was already down.
However, im getting nervous concerning my lr account Sad

.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

No it is still down, probably a very bad sign. Our company has a small amount on there.

It does show the strength of Bitcoin though. LR was a completely opaque and centralized system. It is entirely possible that they got greedy and decided to introduce some fractional reserve system. More profits, more leverage, more fun. Or they had some fraud/theft and hid that by simply inflating the amount of LR (in fiat currencies undetected counterfeiting adds to inflation). Such a system could work fine for months or years unless you get a large imbalance of withdraws vs deposits. Then you have a bank run ... well unless you have a ~~2 hour~~, ~~3 day~~, 8 day "scheduled" maintenance.

sippsnapp

sr. member

Activity: 322

Merit: 250

First, i did not found a fitting category so i post this in the newb section.

Liberty reserve was not available the last days, yesterday they posted on their blog that the problems have been solved http://blog.libertyreserve.com/ .

I still can not access the login page, is there anybody else with the same problem or is it working for you?

Topic: Liberty Reserve still down? (Read 2427 times)