Topic: Problems with bitcoin-24.com WARNING! UPDATE! - page 19. (Read 38731 times)

Very interesting thanks for relaying!

FWIW The French IRS officials have said that they're not sure if Bitcoin is money, a raw material or a liquid asset or the tax applying to added values.

"A l'heure actuelle, nous ne disposons d'aucune information concernant la nature (monnaie, matière première, valeur mobilière ?) des bitcoins et la fiscalité applicable aux plus-values de cessions réalisées.
Regrettant de ne pouvoir répondre à votre attente,
X.Y., CONTROLEUSE FIP"

That would all be nice and fine, except it depends a lot on what legal classification Bitcoin trading falls under at this time. If it's considered more akin to gambling than banking, it could very well be argued that you aren't entitled to any refund. I don't think we'll really know until we see a few Bitcoin-related lawsuits and get the judicial system's take on Bitcoin. Until then what you're seeing is that people mostly expect Bitcoin not to be recognized or protected by the state as any kind of property or real value.

probably because of the problems with the trading engine. if everyone withdraws their coins i imagine it will make the current situation more difficult to resolve than it already is - ie rolling back trades to get most accounts back to where they were will become impossible. can't say i am very comfortable with it though.

looks like i've lost a couple of grand but this attitude of feeling sorry for people who have made a lot of money off people is bs. they can either do what they sold their service as or they can't and if they can't then they should refund everyone. people here seem to have the attitude oh this guy gave it a go and failed let's applaud him....he has thousands of bitcoins profit. let him fail after paying back everything he owes. as it stands he's a fraudster.

tell me why bit coin withdrawals are closed? it has zero to do with banks anywhere.

Yes, apparently he posted on the forum last year.

A big problem is that apparently, Simon didn't know what a database transaction was until last month. That's what his post on stackexchange shows.
For those who are not versed in software developement, i will sum up quickly: his database will end up with a lot of erroneous transactions and balances, especially if the trading volume is high.

This is really bad. I think we need to ask to delete his post on stackexchange (and then delete my present post on here). It's the same, once people know that the second biggest exchange was run by a young beginning developer with no knowledge of transactions, it will be a big shock. I'm sure that even the MtGox developers are not that bad. And still, everybody is laughing at them after the debacle. It's only a matter of hours/days before the news catch the whole thing. And it won't be just Fox News with their Bitcoin bashing, it will be the serious tech press, with articles written by people with much more credibility.

Simon needs help. He's alone, facing all this. He's the developer, the lawyer, the customer support. Now his accounts are frozen. And he's only 24.

Let's go to bed. I hope he will ask us for help. There are a lot of professional and worldwide recognized developers on this forum that can give him a hand. People with experience with banking and law too.

See you guys  

Frustrating now being able to post in the rest of the forum. Has he ever posted here himself?

I hope there is some word soon and the funds are safe, jesus christ i hope so

Thought of the same .... - mostly people just got too much .... more then what they should have gotten.... so somehow, the hole will be on bitcoin-24 itselve. its obvious, that he (Simon) himself pays and paid the dept on the male-doubles.... ...

so, right... he is to blame for communication and technique faults and that all the acounts, bitcoins, money is now *locked* - but still... if we all get back to our accounts and holdings, still he will be maybe the only one, who lost some coins !

There are a couple of cold wallets, see here:

https://bitcointalksearch.org/topic/m.1821468

Total of 18k coins in addresses linked to Simon Hausdorf

thought we were back:( may as well sleep tbh

Is everybody sleeping already? 

typo: littlechubba05

Now that i'm thinking about it, I should have offered Simon some help earlier on.
But i just came on Bitcoin 24 last week, and it took me some time to realize what was really happening.

I don't plan to take any legal action against him right now (not before a few weeks at least, if at all). I hope others will do the same, the wisest thing to do is to cool things down so we can get something back.

OK, this is my first post on this forum.

First of all, I would like to say that i have 21,000 EUR + approx 100 BTC on the bitcoin 24 exchange right now.
I actually started using this website this week, it sounded good, had had no major security breach, was paying people on time. So I exchanged BTC and made a withdrawal of 20,000 on the 07/04/2013. Because i thought the website was cool, I also made a donation of 1BTC (worth 200 EUR at that time) to the guy.
My username on this website is littlechubb05 by the way.

I'm quite pissed off now as you can imagine.

Simon fucked up badly:
- with the authorities (no KYC, etc.)
- with his engine (bugs in the engine resulting in wrong balances)
- with his customers (i sent him an email on the 08/04, never got any answer, despite the fact that i was his bigger donator that week...)

Now, looking at what others are saying about him, it looks like he's not a criminal or a scammer.
He just fucked up while trying to do good.
I'm not sure what to do right now, but what we need to do is help him, not put more pressure on him. Surely, his first iteration of Bitcoin 24 is now dead. But I think most of the money is still there, like 90% of it. Most of them will be frozen by the polish authorities though and might be kept for years, or maybe just taken away by the polish government. Who knows. But there is some hope that he can fix things too and we get our money back. Obviously, none of us will go back to Bitcoin 24.

I would also like to say that if the media catch this story, this will be a huge hit on Bitcoin in general. It's entirely possible that millions of Euros might be kept by the polish authorities. If the media know that, it can kill Bitcoin because nobody will ever trust the exchanges anymore. No exchange, no bitcoin.

On another note, who said Simon is also a DJ?
I doubt that, it might simply be a homonym.

Thanks for reading me.

Ivan

still the same. amazing how much 'stuff' happens on a friday just before going home time. It gives crooks the weekend to escape. he's probably half way to south america by now.

whats the latest update to this?

this is what it feels like to be cypriot

Well, at the very least I'd expect the 7000 BTC that are still visible in the (or just one of the?) colldwallet(s?) to remain available for proportional redistribution even if the whole thing is forced to shut down.

Honestly, it scares me most the implication of the police and financial authorities than the possibility that the guy ran out with the money.

Everybody knows who evil is in this market, and in this case I'm quite sure it's not the guy.

uh huh.

So it's early days in this new currency....

Did anyone think different ?

Of course laws were broken. German laws. And I am guessing that some German lawpeople (we arr good wiz ze law, yu know) talked to some Polish law people who acted instantly.
For you know, fucking with the gov's finance/tax institutions is the worst you can do these days. I'll just throw some acronyms out there... KYC? AML? BAFIN?

If you think that lawyers will preemptively shield you from any and all legal complaints some (bavarian... baruthian... just guessing here...) assclown files, please assume otherwise.

I would think that it's the EUROs that are safe (since they're held by a bank) and the BTC are what's gonna disappear.

We'll see.