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101  Other / Beginners & Help / Re: Paypal BTC purchase avail on: July 30, 2012, 12:17:42 PM
Be careful. It is likely a scam.
102  Bitcoin / Bitcoin Discussion / Re: Statement about the suspect of recent Bitcoinica hack on: July 30, 2012, 10:47:34 AM
AurumXchange blocked my funds only because of the suspicion of me being involved in the hack. Regardless of the outcome of the investigation, the money either belongs to me, or Bitcoinica. If it belongs to Bitcoinica it should be transferred to Patrick Murck, and if it belongs to me it should be transferred to me. However here I make a public authorization that AurumXchange can transfer to Patrick Murck if it belongs to me. This means that AurumXchange doesn't have to continue holding the funds because of their inability to determine the rightful owner of the funds.

My personal interest is that AurumXchange should not be holding the funds for more than 5 days even if they refuse the exchange service. I stand on the side of Bitcoinica customers so obviously I will (and I have demonstrated my good faith to) settle efficiently with Bitcoinica customers.

AurumXchange blocked your funds because of suspicion of you being involved in the hack AND suspicion of money laundering. Because of this AurumXchange is obliged to report this to police and hold the funds pending an AML investigation. AurumXchange cannot simply release the funds until the AML investigation is completed and the source of funds are identified as legitimate. I do not know how long the process would take to complete, but I'd imagine it could take weeks.
103  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Should BCX get a SCAMMER tag? on: July 30, 2012, 09:32:54 AM
I ended up panic selling all my Litecoins @ ~0.005 because of this BCX guy. Now I'm buying them back @ ~0.007. LOL.

I wouldn't be surprised if he planned the whole thing so he could pick up a shitload of LTC on the cheap.

Yes, I think because of this I lost money and he should get a scammer tag (for scamming us into thinking there would be a successful attack on LTC).
104  Bitcoin / Bitcoin Discussion / Re: Statement about the suspect of recent Bitcoinica hack on: July 30, 2012, 09:05:16 AM
I authorize AurumXchange to transfer funds only because they might be uncomfortable to return the funds to me due to their suspicion. I never admit the funds are stolen. I'm just trying to reach an agreement with them that even IF the funds are stolen, they are still doing the right thing. And there's nothing wrong for them to send the funds to Bitcoinica either, if I'm proven to be innocent, because of my explicit authorization. This case, they don't have to hold the funds forever and the liquidity of both parties can be restored.

You don't see anything wrong with your friend's legitimate LR funds being released to bitcoinica? Your friend would lose his $40k, not restore his liquidity.

No. I would simply retain $40K from those recovered from Chen Jianhai, and convert that to Singapore Dollar and send back to my friend.


Seriously? You would send your friend stolen funds? If I were your friend I would not accept them. If an investigation took place he would become involved since the stolen funds would be traced to him. You say he is reading this thread so he should be well aware of what's going on.
105  Economy / Trading Discussion / [SOLVED] Waiting 7 business days for LR withdrawal from Mt Gox on: July 08, 2011, 12:56:07 AM
I made a withdrawal on June 28th to Liberty Reserve and still haven't received it yet. I know there have been delays but i'm just wondering has any one else been waiting this long? Or am I the only one?

Edit: I have just received the withdrawal. Smiley
106  Other / Beginners & Help / Re: HOWTO: create a 100% secure wallet on: July 05, 2011, 02:32:35 AM
Interesting Thoughts.
My question is how far away is a single click secure wallet and back up solution.. Is there any body developing?
Thanks
I recently read that the developers of the bitcoin client are planning on adding a wallet encryption feature to version 0.4 of the client. Hopefully this will happen within the next few months.

http://forum.bitcoin.org/index.php?topic=25515.0
107  Other / Beginners & Help / Re: Newb wanting to know if mining is worth it to me....... on: July 05, 2011, 02:09:56 AM
I'd also recommend joining a pool. If you go alone and difficulty continues to increase exponentially, then you could be waiting a lot longer than 8 weeks before you strike a block.
108  Other / Beginners & Help / Re: Bitcoin Rap hahaha ... on: July 04, 2011, 11:21:33 PM
lol good one Grin
109  Other / Beginners & Help / Re: Newbie restrictions on: July 04, 2011, 11:06:26 PM
I have just joined and understand the restrictions in place for newbies. I am looking forward to being able to participate in the other sections of the forum.  Cool
110  Other / Beginners & Help / Re: Introduce yourself :) on: July 04, 2011, 10:58:38 PM
Hello everyone. I have joined and I am ready to discuss bitcoins.  Smiley
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