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Topic: [WeExchange]WARNING!The Fall of Ukyo II: Ukyo Digs a Hole?!WARNING![WeExchange] - page 13. (Read 34622 times)

legendary
Activity: 2128
Merit: 1018
Next Generation Web3 Casino
Has anyone received any withdrawal today?  Damn I'm so worried about never seeing my BTC again... and I could really use it...
legendary
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
ukyo please specify when exactly trading stops at bitfunder. Start of 14th, end of 14th, somewhere on 14th or after 14th? Whats the last chance to trade and what timezone do you use for it?
legendary
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
Is there a problem with the BF security certificate right now?

No padlock on site - Identity not Verified.

same for me,

ukyo , will it be soon fixed?

I was asked to accept a free certificate. I accepted since i doubt ukyo will pay for a real one when bitfunder is short before closing. I only could login later after i deleted all domain cookies with webdeveloper.
sr. member
Activity: 242
Merit: 250
Is there a problem with the BF security certificate right now?

No padlock on site - Identity not Verified.

same for me,

ukyo , will it be soon fixed?
sr. member
Activity: 364
Merit: 250
bitcoind actually has a few issues, such as with multisig or large wallets.

Bitcoin tech is much more immature than people realise. It's not ready for the big time quite as much as people think.

There are probably many issues. But also the whole thing does not seem to be scalable, given the fact that for a full-fledged client one has to keep all previous transactions (the whole blockchain) on a computer. If you imagine that one day bitcoin aspires to be a generally accepted international currency, this looks insane to me.

Of course there are clients that do not need the whole blockchain but still a significant number of clients have to keep the full blockchain so that security can be maintained.

Is there any possible solution in sight that the developers are working on?

If you check in the developer section or subscribe to the dev mail lists you'll see that this is an area undergoing much discussion and development.
full member
Activity: 167
Merit: 100
bitcoind actually has a few issues, such as with multisig or large wallets.

Bitcoin tech is much more immature than people realise. It's not ready for the big time quite as much as people think.

There are probably many issues. But also the whole thing does not seem to be scalable, given the fact that for a full-fledged client one has to keep all previous transactions (the whole blockchain) on a computer. If you imagine that one day bitcoin aspires to be a generally accepted international currency, this looks insane to me.

Of course there are clients that do not need the whole blockchain but still a significant number of clients have to keep the full blockchain so that security can be maintained.

Is there any possible solution in sight that the developers are working on?
sr. member
Activity: 266
Merit: 250
Is there a problem with the BF security certificate right now?

No padlock on site - Identity not Verified.
legendary
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
You guys should check your weexchange tickets. It looks like i got an answer 6 days ago already without noticing because i didnt receive an email about that. Wasnt in spamfolder either.

I should have checked weexchange more regularly though i didnt await that i dont see an email for a ticket response.
sr. member
Activity: 364
Merit: 250
bitcoind actually has a few issues, such as with multisig or large wallets.

Bitcoin tech is much more immature than people realise. It's not ready for the big time quite as much as people think.
legendary
Activity: 2674
Merit: 1082
Legendary Escrow Service - Tip Jar in Profile
I'm not sure if you realize it, but Bitcoin-Qt is just a wrapper for bitcoind, essentially.

Oh... never heard about this. I thought bitcoind is a different software. The more i wonder that it still has such bugs.

However... if bitcoind now allows a transaction per 20 to 50 minutes then bitcoind has to be able to send bulk transactions too. Did you try this for maybe 10 transactions in one rush? If this works it already could mean 10 times faster withdraws.

Is there no alternative wallet software that can handle this big amount of bitcoin addresses better?

200 withdraws are left only? Should be doable in 5 days then. But the mention that tickets take priority is puzzling me. I wrote a ticket in octobre... and later i stupidly asked to cancel my withdraw when you cant withdraw it so that i could put my bitcoins into shares instead. *sniff* So my time came and it was cancelled. It would have been better i got the bitcoins and could have send a part back to weexchange so i could invest otherwhere too outside of bitfunder.
Hm... maybe i can move shares to someone and get bitcoins instead.

ukyo... i can imagine what burden this is. Keep going and try to find the best solution. I now have to recheck my options.
member
Activity: 60
Merit: 10
ukyo,i have a problem.when i log into bf,whatever button i hit i just get logout and it just return to login page.whats wrong?
donator
Activity: 2772
Merit: 1019
why not use "sendmany"?

Code:
#> bitcoind help sendmany
sendmany {address:amount,...} [minconf=1] [comment]
amounts are double-precision floating point numbers
newbie
Activity: 101
Merit: 0
Need my 0.1 coins please!

User Name is Regenmacher...
sr. member
Activity: 448
Merit: 250
All withdraws are being processed in order.
I am working as fast as the software will go.

I cant get verified because at registration time I entered fake data at WE.
There is no way to edit my data - at least no way I found. I have no ID for the fake data.
I were not able to trade because of this.

You did not answer my support tickets at WE and BF.
Now BF is closing down. My shares are nearly void.

Thanks!

I had the same problem. So i created a new account at bitfunder and weexchange, got verified in a couple of days and transferred my shares to the new account.

This solution doesn't work anymore. Registering an account in WeExchange is impossible - when I am clicking verification link on my e-mail, it fails all the time. I tried twice on two different e-mail accounts.
I opened ticket on my main account 2 weeks ago about failed verification (asking about changing my fake name to real one). Ticket opened, no answer back yet.

OK, another few hours for the trash.
Ukyo did take fees, so I paid for support that there is not.

It should be manageable to shut down BF an WE without these current issues and in a more sensible way.
This is just another disaster like bitmarket, bfl, avalon and some IPOs have been before.

You did profit in your users BTC and it seems to me that you do not honor these customers enough right now and in the latest past.

You should set up a list of issuers to get in contact with. I guess you have all contact data in hand.
You should have made an FAQ answering every question before it has to be asked, in order to minimize support requests.
You should have thought forward, to users like me, that are not able to get verified, before eliminating possibilities to workaround.
You should have told your customers about these workarounds and when they will be void.
hero member
Activity: 736
Merit: 508
We are now over halfway through Oct 23rd requests. The next couple days withdraws mostly consist of smaller transactions so I think those should go a bit quicker.




I am currently trying to wrap up Oct 23rd. The following couple days have a much smaller list of withdraws.


So, after two days we are still stuck on October 23?
Should I hope to see my btc again in December for a withdrawal tried on November 2?
legendary
Activity: 1036
Merit: 1000
DARKNETMARKETS.COM
All withdraws are being processed in order.
I am working as fast as the software will go.

I cant get verified because at registration time I entered fake data at WE.
There is no way to edit my data - at least no way I found. I have no ID for the fake data.
I were not able to trade because of this.

You did not answer my support tickets at WE and BF.
Now BF is closing down. My shares are nearly void.

Thanks!

I had the same problem. So i created a new account at bitfunder and weexchange, got verified in a couple of days and transferred my shares to the new account.

This solution doesn't work anymore. Registering an account in WeExchange is impossible - when I am clicking verification link on my e-mail, it fails all the time. I tried twice on two different e-mail accounts.
I opened ticket on my main account 2 weeks ago about failed verification (asking about changing my fake name to real one). Ticket opened, no answer back yet.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
All withdraws are being processed in order.
I am working as fast as the software will go.

Ok Ukyo don't get me wrong we all here just trying to understand ok? So not having the funds and your bitcoin client failing to create appropriate transactions due to the lack of funds is more likely than your very vague statement. Don't give exacts don't give information you feel that should be hidden just help us understand, Can you give us a range of how many keys and how many transactions your Bitcoin client should be trying to go through? Because frankly I really don't think it will take days and days and days.

Can't you just (Since you are "sure" you have the funds), Can't you just stop the bitcoin client, take all the private keys, import a few keys with just enough Bitcoins that would cover the withdrawal requests and fire it up again? It will not face a problem with the amount of keys it has to go through. Just disable deposits into WeExchange first, Then generate new addresses for the users.

Does it solve the problem? No, Does it help the customers for the time being? Absolutely. The question is how long until it is happening again? If it is long enough for you to come up with a solution, then go for it.

You are probably right and you have the funds and it is just a software scaling issue, But of course you do understand that the first conclusion is simply that...... you don't have the funds..... this is a completely rational conclusion.
full member
Activity: 237
Merit: 114
All withdraws are being processed in order.
I am working as fast as the software will go.

I cant get verified because at registration time I entered fake data at WE.
There is no way to edit my data - at least no way I found. I have no ID for the fake data.
I were not able to trade because of this.

You did not answer my support tickets at WE and BF.
Now BF is closing down. My shares are nearly void.

Thanks!

I had the same problem. So i created a new account at bitfunder and weexchange, got verified in a couple of days and transferred my shares to the new account.
sr. member
Activity: 448
Merit: 250
All withdraws are being processed in order.
I am working as fast as the software will go.

I cant get verified because at registration time I entered fake data at WE.
There is no way to edit my data - at least no way I found. I have no ID for the fake data.
I were not able to trade because of this.

You did not answer my support tickets at WE and BF.
Now BF is closing down. My shares are nearly void.

Thanks!

Almost all verification requests have been processed except for about 200.
Support tickets for withdraws have taken priority over all others.

I am sorry that you did not fill in the information correctly.
As for your shares, all assets are free to be listed somewhere else and have had plenty of time to do so.
You should contact the asset issuer to discuss their plans.
sr. member
Activity: 448
Merit: 250
I am not a user of either Bitfunder or Weexchange.

could you clarify if your problems redeeming the Ukyo loan are now finished.

I am working to redeem shares as soon on first come first serve basis as funds are available for such.
Currently I am putting the funds together for MGIO.

And, by the way my exact question was: Does this have anything to do with the withdrawals issue at Weexchange and possibly a lack of funds or liquidity problem on your side? Could you please answer that? Thanks.

Nothing to do with each other. MGIO's redeem request is from Oct 8th. Withdraw issues came weeks later.

Quote
which seems to be defaulting or paying less than agreed

A. In what way does it "seem" to be defaulting? I am working to redeem shares as funds are available and have made the users waiting well aware of this.
B. Where did I pay less than agreed anywhere for anything?

I am currently trying to wrap up Oct 23rd. The following couple days have a much smaller list of withdraws.
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