Ya I agree Lophie, you are right.  

Just saying that people should start with any funds recovery option they want to pursue immediately. Ukyo owes probably over 1.5 million, that is A *LOT* of money, it's been more than month, many red flags have gone up, and he is not even 'returning the phone calls' anymore, so to speak.  

Personally I have only have about 1 btc lost to WeExchange, which is enough for me to get pissed off about, but not enough for me to Aussie-land and try to sort this out.  I don't think a legal case would be a good use of time as Ukyo might have spent all our money already anyways but for those of you who do have more on the line, if you are thinking of doing it, you should get the ball rolling the sooner the better. At least if the suit is filed we might find out what happened and any of Ukyo's personal profits from this mess, whatever they may be, will be seized. Which isn't as good as getting our money back but it is something.  

I'm going to bet we don't hear any significant updates today or tomorrow as Ukyo says.  We've been strung along for over 45 days (for some), what's a few more days? Right?

Does this come with a manual?  (Not joking )   Or Canary, could you please link to any/the FAQ/instructions if/when they are available, thank you.

2 questions for anyone

1) Is it feasible that Ukyo could be working on this problem for more than 40 days without success? If you know bitcoind well then pipe up.

2) Has anyone at all successfully made a withdraw in the last 2 weeks?

...when should we move past the denial stage is what I'm really wondering. If it is a technical problem Ukyo should at least get some trusted 3rd party verification of this.  

I'd say anyone would be lucky to below for below $425, $450,going forward.  With China now buying as much it' does, its not like the Gox days...I don't think the crashes' lows will be that low anymore.

Thanks . Didn't know about CureCoin and that legitimately looks like a good new coin.

Someone believable and somewhat scary. As far as I can gather business is done in China more on a "how much power do you wield, and how much do you know" basis much more than a "let's follow our legal guidelines" method of doing things.

Though that being said there is more than a couple of things getting shipped out of China daily (lol) and I can't imagine many customs guys know what Bitcoin miners are, though who knows, maybe if it's the same dude who processes all of FC's stuff then ya, feasible Mr Wang in shipping could 'know what's up'.

This is what happens:

During a bubble and post bubble everyone and his mom is pro-bitcoin bull.

Wait until the summer and the price is steady, or dropping slowly, around the $500 mark and then you'll have a quarter of the forum saying how bitcoin is all going to end and there is no way it's "ever going to go back up to $900, it's done" .

Selling at 600 isn't that bad at all !

I sold most of mine around 230 I think it was, didn't see this bubble happening. 

Be happy you got out at 600, it's been 500-550 so hey it's easy to get make in and you made 10%+ profit.

How long is too long to wait? Maybe we should set a date.  I think some people who are the waiting the longest, have been waiting upwards of 40 days.

How long is too long? 45 days, 50 days?

Could it really take 2 months to fix a technical problem? Again I am not familiar with bitcoind but I never had a technical problem than took me more than a week to work out. I don't think Ukyo is a scammer. But I do hope that his help he found can sort this out, this is really ridiculous, even if/when he gives everyone's money back who will ever want to work with him again.

Certainly feasible.

Oh Canada might be leading the pack, hats off to that.

http://business.financialpost.com/2013/09/19/canadian-mint-pushes-ahead-in-murky-world-of-crypto-currency-with-mintchip-project/

I believe the banking cartels that set American policy, namely Goldman Sachs, will see what they have to lose and fight crypto's though.  But other smaller countries, more progressive places....Sweden, Germany, Iceland, etc, will get on board.

Anyone who just studies economics for more than 2 hours (I believe) would realize that our current world finance system is really messed up, has lost a link to reality due to fiat currencies being leveraged one-dollar-to-a-hundred to by banks, and currency that has a backing, whether it is gold or enforced digital scarcity via something like Bitcoin's design, is just a more logical, superior way to hold value somewhere as opposed to money you printing up by the spare 100 billion that gets given to the banking cartels on the regular to keep running.

Or current financial system just does not add up. You needn't look any further than many of the world's supposedly richest nations looking at going bankrupt if they weren't able to print up money from thin air. Once we get hyper-inflation the house of cards will fall (or sooner).  Not to mention in 20 years our average work week should be like 15 hours a week, not 40, and most jobs will be more economically done by robots and computers, not people, and we'll see some serious problems why some humans make salaries more than a 1000x times other humans' salaries.

AW I see . Thanks guys, esp. RoadTrain, did not realize it mined like that with PoS blocks, I thought it was cumulative thing, not a more quasi-random method like regular mining.

OP says medium flat rate is likely, but subject to change.

Thanks for making this thread.

Anyone know the answer to this :  does encrypting your wallet (putting a passphrase on it) end all your PoS minting irretrievably?

Like say hypothetically some guy was trying to mint pos blocks, and he waited 20 days with nvc in his wallet, then he put a password on the wallet, is all the minting contributions / pos work lost?  I -- errhhh--- I mean some guy were to remove the password immediately after putting it on his wallet, would it just resume where it left of regarding PoS minting, or would all the work be lost ?

THanks.

Looks like the monarch -- but will actually not be 6-12 months late.  Maybe that should freidcat's new tag line for this.

I think these are cube-blades without the cube casing, are they not?

Right on I got in in time.

Great price for this unit, can't wait to get it. If I didn't have btc possibly lost forever (but at least held up with) WeExchange and BTC-E withdraw delays I would have bought more.

Ordering 1!  

Great way to heat my place in the winter 8D  ... of all time perhaps.

edit payment now sent for one, thanks again.

I do not know how bitcoind works though I have a strong IT background a minor programming knowledge as well.

Is it really feasible that this problem could be going on for more than a month?  I'm not being sarcastic, I really don't know.

Even it is a technical problem the proper course of action would have been to put a hold on withdraws and deposits and then process them manually. By not giving any warnings to people that their deposits were in danger for over a month... that's pretty questionable. Also Bitfunder / WeExchange are all but shutting down. And though it's Ukyo's private business and I don't ask him to reveal his reasons, but is it not pretty suspicious he took out a massive loan in this time? 

Even if the problems are purely technical this is still a very serious situation though. So many of us lost investment opportunities and the chance to sell at the peak of a bubble with this error. There could be over a million bucks on the line here, Ukyo should form a plan of action and post it.  I know he's in a tough position and feel for him if it is technical problem but there needs to be motion on this, way too much money is involved.  Not so much mine but some people as posted have life savings-size amounts stuck in limbo and that naturally makes them angry, and scared that they won't see there money again.

Ya this is beyond belief. Really pushing believability that he's had this technical problem he can't solve for more than a month, loan troubles, the BTC price has skyrocketed, and he never put any notice on weexchange even when he knew it wasn't functioning. I feel I gave Ukyo the benefit of the doubt but now it just pushes credibility of his story past the point of being believable.

I'm so annoyed. I didn't even need to transfer any btc in to weexchange in the first place, I moved it there the day unverified trading stopped....

My guess is he was gambling with other peoples' money. Which sucks, as I hate how banks do this, and that is part of the reason why I love bitcoin, because I didn't think I had to worry about my deposits getting gambled away, but it looks like that happened. I HOPE I'm wrong but as was saying, I feel a month is plenty of time to resolve a technical issue.

I'm worried about Ukyo's safety now. I only have around a 1 btc lost in this so I'm totally pissed, but if I lost 10,15,20 or BTC I would probably do something rash and I imagine there are many people in that boat.  Because I really doubt a lawsuit would be effective, cost effective, and I doubt Ukyo has the funds to cover his grave mistake even if the lawsuit was successful.

I could have really used that 1 btc though damn....but ya, some of you are missing way more than me so I'm going to limit my complaints...