Wow, that's seriously shitty.  Best of luck to you.

Any idea how it happened by the way?

Yes, that's what some other people's opinions at the discussion at

http ://weibo.com/btercom

You need to translate the Chinese language to what you can read


Some people claim that Bter doesn't have any right to move the frozen funds. There must be a legal arbitration.

Please help us to advice a proper institution to make the legal arbitration.

BTER - class act

What kind of address?

Not sure I understand  

Maybe youre right IPO Magic. Weex didnt transfer coins from or to bitfunder since bitfunder never handled coins really but weex transferred coins from one owner to another. Though not storing the real infos of the persons to protect against money laundering is only a thing he would have to pay a fine for. I dont see that this is enough to lose the bankruptcy protection. The contracts between the parttaking parties were real even without license.

Its a bit strange that everyone happily jumps into unregistered ventures but when it goes wrong he claims it was illegal from the start. While everyone knew it before. Judging from that practically no bitcoin business would be legal.

Im not defending ukyo. I only do what i think has the biggest chance for me to get my coins back. I know many people cant think clear anymore when it comes to that point. Im not like that. So go ahead and think what you want of me. Its only a business decision based on the things i know. I wont sue if i dont see a chance that it will have a nice result. I prefer to wait if he can sort things out. Of course if he would vanish and nothing moves anymore i would sue him instantly. Since then it wouldnt look like he works on things anymore and all would most probably be lost. I would sue him just for justice then.

So see it as admiration but i see that you put emotions into business decision. Something thats very much wrong and most users that are longer in bitcoin community had to learn the hard way. Im one of them.

Phildo... The CEO of a company can invest coins into his own company, even to pay back debts. But that doesnt make him liable to do so. Only if he promised to do something then it could be a contract. But the contract cant be filled anymore because the shares were stolen.

You only say i should sue because for some reason you believe he has the missing coins. I dont know how to judge this. Is this the hope of a desperate that prefer to believe in a good vision of reality? Wheres your hint that he still has the coins? And even when he really would be a scammer... dont you think he could be smart enough to have the coins hidden long ago? Maybe even so that it looks like stolen and no one can prove otherwise?
So i think your delusional. Please believe what you want but i dont act on such a thin hope. The hope on the other side is bigger since i saw he works on things.

But like i said... i never understood the guys that didnt sue pirateat40 when it was clear that it was a scam. I thought its plain stupid. And i sue the labcoin scammer because its clear its a scam. And i would sue ukyo when its clear its a scam. But its not clear. It looks to me the other way. So again... act on the believe that everything is how you wish it to be but i dont think thats an unemotional decision.

Der Deal lutscht Bälle (Eier).

Hmmm, sounds alright

Deal sucks balls.

Guys, shortly (i.e. after the buy/sell page rework currently in progress) we will be adding functionality to Counterwallet to make BTC to XCP purchases MUCH easier, bypassing the decentralized exchange.

We will also be adding "market order" capability to the decentralized exchange buy functionality of Counterwallet, which will fill ones order (for BTC to XCP, at least) at the best possible price, allowing it to match immediately if there is any liquidity at all.

Stay tuned...

Let me know if any of you are confused about something. I'm happy to continue clarifying.

there will be no bubble this summer. in september (or whenever etf gets approved) a steady bull run will start. it may lead into another bubble in q4. july and august will stay boring...

How can i join now?

So, we've been holding off on this announcement, but I think we're at a place where we can tell everyone.

We've just signed a $375,000 agreement for 7.5% of the company equity. There's still some paperwork to sign, but we should have the cash by the end of July. Which means we're also about to be hiring one or two full time employees. We need someone who will build the frontend, and will preferably work and live in Boston. We might be able to pick up an MIT graduate. I've got a really good feeling as a whole about our investor, he's had several hit investments and is really interested in seeing Sia succeed.

Another thing that's in progress is that we're going to be involved with the MIT Bitcoin project. We haven't met anyone in person yet but we should be meeting with the guys leading the initiative in the next few weeks.

So, on the business front things are looking good.

lol @ having things like Atomic Cross-Chain Trading on the list and NOT Automated Transactions!?!?!  

I guess Nxt does NOT deserve AT after all...  

I'm having issues with exchanges. Cryptsy soo damn slow and I had issues with bter earlier...  I want to buy 2500 NXT, willing to pay 0.24 BTC.

No worries please - would like to use a escrow.  Send me a message please

EDIT: I have someone - looking for escrow!!

Any particular reason the volume has picked up so much in the last day?

I don't think you really understand what your talking about here. In particular, you've used a kind of warped logic to draw your readers to a slightly ludicrous comparison that likens POS to Fiat.

First of all, the "trust us" aspect of the fiat money system comes from centralised brokering of liquidity for debt through a counterparty infrastructure. This is nothing like crypto - whether POW or POS. You've confused the method of distribution with the method or creation.

For example, when the EU, the ECB and the IMF made huge loans to Greece through the European Financial Stability Facility, they created a large amount of fiat money which was levered up off a 20% capital base. Greece underwrote the 'value' of that new liquidity by signing a debtor agreement following which the money finds its way into the general economy. At that point, the fiat banking system are in a position of centralised trust from the holders of fiat currency, since if the debtors (Greece) default, the banks can no longer underwrite the currency's value even though they are the issuers.

Crypto, on the other hand is BASE MONEY. It is a valueless token of exchange, whether POW, POS or PO.....name your preferred algo. Instead of a debtor underwriting its value pre-emptively, the market does it through adoption. POW isn't the least bit different from POS in this respect - just because it's mined doesn't give it any value and in both cases there is no debt on the other side of the banking books and therefore no counterparty to broker that debt.

So your comparison is wild.

The only difference between POW and POS (in the case of NXT) is that one guy mined the whole damn currency supply and then used the market to distribute it instead of CPU cycles to distribute it. There are pro's and cons of this approach, but once it's "out there" it isn't much different from POW generated coins in its nature. With both approaches you end up with large holders because the number of people mining or trading crypto currencies is tiny. 73, 730 or 7300 makes no material difference to the ultimate outcome of distribution.

The real hypocrisy of this criticism of POS is that in the global scheme of things, POW is justifiably subject to all the same accusations. It's mined by a tiny group of people in the context of the global population and then dumped on markets and sold at multiples of its mining cost to unassuming speculators. Perhaps if you gave 50 MILLION people an ASIC and made sure they mined 1 second from launch, you might be on sounder ethical ground for your little crusade.