Bitcoin Forum

BTC-E and the mods at btc-e, are scamming the customers.  When people point it out and complain about the scam, they ban them.  They say the only reason anyone would ever be upset about them stealing from their customers, is because they are invested in LTC.

They also claim that they don't care about the ltc community:

23.02.13 04:57:39 Jay1337: and you guys = 0.00001% of the community ;)

23.02.13 04:58:59 Jay1337: but seriously.. you guys are a drop in the bucket


what can you do?


STOP using this exchange that scams people, and laughs when you get upset about it.

Withdraw ALL funds from BTC-E.  I do not have another exchange to point you to, but it is clear btc-e can not be trusted. Maybe someone else can make a suggestion.

Go to https://bitcointalk.org/index.php?topic=144353.0   and let them know that btc-e and balthazar deserve a scammer tag.

File a complaint here http://www.cftc.gov/ConsumerProtection/FileaTiporComplaint/index.htm


Let show them they cant steal from us, and go on with business as usual.

File another complaint on the SEC  ::)

Nethead reminds me of Ten98 the solidcoin troll. Borderline Psy also...even though i now respect Psy.

@Nethead, they paying you by the centimeter or the millimeter of the size of your penis to troll NVC opponents?  :D :D

Thanks for reminding me, op updated with address

I will not boycott the exchange yet, but will watch very closely what they are doing. Maybe it isn't their fault that most ltc miners/traders used it almost exclusively, since it was the most convenient exchange. What they care about mostly are revenues, and ltc seems to be just another coin to achieve that goal. Therefore, time to look for a real alternative besides btc-e.

You are retarded



Dunno about them both, but no i dont get payed... But i cannot understand why you have to be an opponent. You can use all the coins dude, noone can take that right from you, you prefered to bitch about it, and the only thing you successfully done is degrade ltc even more. And yes i use ltc too, but i dont get that mad as you, yup i dont have a contract ;) If you (all) ignored it from the first day it came out, it would have 0 value today, you did it, and that way i can make more by selling my mined coins ;)

EDIT: plus, now im not trolling

Obviously you haven't been around long enough to see the solidcoin scam(s) that were perpetrated. Get educated on that then come back and talk to me like an adult.

If people had ignored it nvc it would still have value, namely from the person throwing the bate. Not a poor person either. Obviously, everone will love the coin at such a high exchange rate to btc. Everyone joining the game now will end up paying for it. So, perhaps it's best to ignore it from now on if you don't want to lose money.

Just for the record i was referring to a few people on the BTC-e chat (who know who they are) which seem to be making a lot of noise as of late about NVC.  ;)

I have no relation to BTC-e.. i'm just a mod.. a normal person like everyone.. i make no money for being a mod.. it's 100% volunteer. I do not represent BTC-e :)

Again, a perfect example of an attempt to spread propaganda.  ???

Your position at BTC-e has nothing to do with NVC being a scamcoin.

The facts are well documented on this forum concerning NVC.

Boycott is useless, people. If there's another exchange can compete with BTC-E, I think this is good for the investors (as customer point-view).

So you'd better do some realistic thing to push another exchange or even establish another exchange, instead of murmuring words.

https://vircurex.com/  was ok last time I used it. I think you can also buy shares in it somewhere.

Oh I think it will happen. Just got lots going on now...despite my trolling to work on something like that. But it will be here sooner than you think.

I'd loved BTC-e before this scam story but still upset too about this NVC story...
I also decided to boycott BTC-e Since this story and cashout all my coins from there.

I also decided to work on a new exchange site that I will announce very soon (prototype is ready yet) to offer alternative to btc-e. This site will be owned by Esecurity SA and I'm also going to sell up to 50% to the communauty under a share/dividend system.

This exchange will accept all NON SCAM cryptocurrency, whatever the volume is low or high ( BTCE refused to add ppc in past because low volume)

Well I dont pretend to change the world, just I want offer another alternative. I feel we are a lot of people here who need/want another exchange site.

How do you decide what is or isnt a scam currency ? Some  bitcoin users consider all alt coins as scammy  :)

If its a scam because of a premine then ripple is a massive scam too.

Ripple is totally different and full premined, nvc has been premined while in 3 days or like 200 000 nvc has been created but due diff increase and nvc system then 200 000 coins will need year to be created...or like.

Add the coin on your own exchange and sell it for more than 1 usd....then the premining worth 200 k usd ...
Maddof was not a scam he just forgot to pay his investors...That a bit what you are trying to explain us...
Anyway that just my thought, you are right. But a forum exist to express the opinion of each

You need to overcome the network effect. When Mt Gox first opened they had "market makers" so that you didnt have to wait long for orders to get filled.

A competitor to btc-e will need this to succeed.  Perhaps you need to raise extra funds so that the exchange can perform this function and has large reserves of both ltc and fiat.

The idea is great, but to succeed, you have to deal with the fiat money smoothly, that is the investors can deposit money fast & cheap. This is the most difficult problem, even with BTC-e, they also always lack the USD flow, make their BTC/LTC seems to be cheap.

If you have good bank relationship, so your exchange will be successful. If not, I doubt you can make some better achievement than some alt-coins exchanges like Vircurex.

Will there be an API for the exchange? Maybe an app for mobiles?

Im owning 300 000 ltc holded. No btc actually. I have a company brning m actually 50 k usd month, and have some reserve which could help. Additionnaly, as said I will offer 50% for sales so this money could be used also in the way to make the exchange a sucess.


I'm thinking about but the deposit withdraw options will be multiple and I know this is one of the most important thing. About banks I have bank accounts in Belize, St vincent and grenadine, france, thailand, Hong kong... so I have some good relation with banks usually ;) Sure it should help a lot to setup this project.
Api is planned. Mobile application will come later if the website is a sucess.

Really looking forward to this.

Would be cool, if your API would avoid some of the issues of other APIs. I.e. a method to request the potential fee of an order would be nice. I would be interested to implement and test your API, when you got one.

that is great and it will increase your chance of success. If you can make you or your company's identity public, I think it will improve your credibility tremendously.

Even though I used btc-e, I never trusted them with my money. They can close their door any day and leave customers holding their bags. IMO the chance for a centralized anonymous exchange  to succeed is next to nil.

This. Being a bit more open about who you and your company are could go a long to making this a success. Sounds like an awesome concept and one that I think everyone in the market may benefit from.

I also will boycot this site.
They added unknown NVC, but PPC is not yet added

Actually, Btc-e is a great exchange. I just don't appreciate that they so shamelessly promote a PPC fork that according to various sources was significantly premined. Not even talking about that bribe that was given to btc-e, which they claim to have destroyed. It is very strange - and really I mean un-fucking-believable that it should have such a high value when not many people have even heard of it yet. Very suspicious.

Sums it up perfectly.

No one knows anything about the ownership of btc-e.  They act very very VERY shady. If you lose money with them at this point, if you are robbed, if this exchange disappears with all the coins, and there is no one you can point your finger at... It is your fault.  You have been warned.

I totally agree with you about this. It's a great exchange, let me stress that before offering some criticism. The interface is a million times better then Gox for example. I've always been happy with them, until their support for NVC and no more other alt coins. Before they introduced NVC I asked them about TRC support and they clearly said they will not introduce any further Altcoins- specifically no TRC and no PPC. Of course it's their exchange, and they are free to change their minds. But still- to have support tell me no PPC and then take on a fork of PPC? Like just a couple weeks later. It's so strange. (I have screen grabs of this exchange, if it counts for anything)

On top of that it's just beyond reason that NVC's value is so high. Nearly 5K BTC in buy orders? It's strains the credulity of the exchange.

Trust no one. Stop bitching. Everything will be fine then. ;)

I will stay with btc-e because I've had no bad experiences, and absolutely no objections whatsoever to them adding whichever currencies they choose, pre mined or "scam" or not. Them wishing to stay anonymous is a sensible choice in my opinion, and I'd do the same in their shoes.

Complaining to the sec really makes you look like a narc.