Everybody prepare for some shitty explanation and closure  I call it right now: they will come out and say they were hacked and all the bitcoin was stolen in their hot wallet. Isn't that standard procedure? Disclosure: I have roughly 2500 on deposit with bitcoin trader an on the line. that would Contradict prior statements made by the group. source: https://bitcointalk.org/index.php?topic=677591.0and I quote "I wonder where the trading pool funds are held? Are they held as BTC in a cold wallet somewhere? Are they held as USD in UK financial institutions? I have not got a clue. Maybe ignorance is bliss. The less we know the less the bad guys know. Eventually the funds have to get to BTC and traded on exchanges. We try our best to keep your funds as secure as possible and as little fiat at the exchanges as manageable. Of course ALL bitcoins are in cold storage outside trading hours. " if they tried to claim the Hot wallet was hacked it would be an extremely unsophisticated reply to current difficulties because those of us in the KNOW are aware that the primary store of them is in cold storage, in other words it's not connected to the internet 24/7 in order to make life harder for hackers. the wallets are only connected when necessary. That is true... I was being sarcastic anyway  |
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Can someone keep updating this thread? Some of us don't use Facebook. Opperman was Doxxed. Someone found out who "John Carley" really is? |
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Can someone keep updating this thread? Some of us don't use Facebook. |
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Everybody prepare for some shitty explanation and closure I call it right now: they will come out and say they were hacked and all the bitcoin was stolen in their hot wallet. Isn't that standard procedure? Or they are preparing for the Bitcoin hard fork Man, I wish I could share in your optimism. |
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Everybody prepare for some shitty explanation and closure I call it right now: they will come out and say they were hacked and all the bitcoin was stolen in their hot wallet. Isn't that standard procedure? |
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[/quote]No, I was paid yesterday..... today is the first day I have not been paid. Which is also the reason I didn't know there is an issue until today.
[/quote]
The issue is being able to withdraw. Yes payments continued to the account until yesterday, but people who tried to withdraw those payments to their own wallets haven't been able to.
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Merchant adoption has always been the Holy Grail of Bitcoin enthusiasts. Supposedly it should have lead so soaring Bitcoin price. But recent overlap of really major adoption (Paypal) and price slump shows that things are trickier.
The dynamics seems to be the exact opposite one: new high volume merchant will never hold bitcoin, due to obvious reasons. They will sell it the second they accept it. So basically it leads to Bitcoin sell-off through huge market sell orders, which are not matched by opposite buy orders, since no one is going to buy Bitcoin in order to pay using Paypal. Existing Bitcoin holders spend their coins, this is the main effect of mainstream merchant adoption.
Don't expect Bitcoin price to rise as new merchants jump on board. Only Wall street can push BTC higher now, but probably the time hasn't come yet. $100-200 BTC price is realistic, Bitcoin economy will still work fine at this price level.
Wanna hear your opinion.
Most retailers use a payment processor like Bitpay or Coinbase. Because of this, the retailer doesn't even see the coin, it goes straight to the processor who then gives the retailer the fiat equivelant. When you buy at Newegg or Overstock, you're actually giving your bitcoin to Coinbase or Bitpay, who I wager are NOT dumping that coin, because they need as much as possible on hand to sell to others. They probably sell enough to keep some baseline ratio for their fiat/btc stores, but it does NOT mean that massive amounts of coin are being dumped because retailers accept bitcoin. Actually, the recent drop in BTC probably has more to do with the surging dollar than anything... |
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should not we do a scam, it is so self-defeating, especially by our scam may harm others, can also be interpreted scam manipulate the actual data, so the scam is very detrimental for whatever reason ...  WTF??? |
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280 one day, 350 a few days later, now heading back into the 300s?
This is the kind of stuff that gets us made fun of in the mainstream news.
Ever heard of the stock market? This kind of stuff happens all the time in ALL markets whether its stocks, real estates, diamonds or gold. That's what prices do: fluctuate. |
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Newest Twitter: "BT server completed blockchain download and busy with maintenance to ensure no further issues in future.Thank you for your patience."
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Generally speaking, the State derives much of its power by asserting the inverse of the truth as fact, and demonizing the truth as a lie. Put more simply, deception. For one example, try typing "biggest scam in history" into youtube. This video explaining fiat scrip and the great scam known as fractional reserve banking is what you get. The rest of the bulk of the nation state's power is derived from coercion and their overwhelming monopoly on violence, the use of which is also legitimized by deception. Classic Orwellian: 1984 War is Peace Freedom is Slavery Ignorance is Strength |
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Ok, now it can access the data, but if I go to the trading button and look at my account info, everything is in scientific notation format (9.97e-006 USD available) My account at BTC-e currently has just fractions of amounts, could that be the problem?
Thanks for your help
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Hello,
Just downloaded the client and set up my Cortex7 account with api key and secret generated at BTC-e, but when I open the workspace an error message pops up telling me it can't access my account data on the exchange. In my BTC-e account for the api keys, I have checked the boxes for 'info' and 'trade' as well. Any ideas?
thanks
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Bitcoin has fallen over $100 from just a few months ago. Over 1billion U.S.D has left the Bitcoin market. It looks like this may be the last we here of Bitcoin, as it fades into oblivion.
lol Nothing to see here. Exactly. Moving right along... |
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The big companies that are working with payment processors like Bitpay or Coinbase, don't even see the bitcoin. The BTC actually goes straight to the processor and the processor then gives the company the fiat equivalent depending on the exchange rate at the time.
So, in actuality a lot of the BTC being spent at these places are probably being kept as BTC except for the selling that Coinbase or Bitpay need to do for normal business operations.
I believe a company does have the option to keep some or all revenue in btc if they choose, like Overstock does.
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Coinbase: Zero problems. Verifiy with them and purchases are instant. It's only if you're not verified that it takes 3-4 days for the ACH transfer to clear.
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If it's anything like BTC Jam, then yes, this is normal. Most people applying for loans at these sites are viewing your BTC as "grants", not loans. The consequences for not repaying are pretty tame due to the unsecured nature of the loan, although BitBond releasing the docs to all noteholders upon unsuccessful collections might deter some, but IMO is a disaster waiting to happen. All it takes is one psychopathic lender wanting his money back and the willingness to do the detective work, and we have a tragedy on our hands.
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Finally, there is also an opportunity to profit by giving out loans. This includes mortgage loans. A business could be set up that allows investors to pool their money together and give out loans. The profits would come from the interest that is paid once the loan is repaid.
zopa.com? lendingclub.com ? peer2peer lending is a thing already. As someone who used to lend on Prosper, I'd advise to stay away. There's a reason a lot of these people can't get loans from banks. Seconded. Prosper was a pretty decent way to invest early on but the lack of ability to get judgements and ever increasing default rate chased me from it. The bit coin lending platforms seem too similar for comfort. You must be talking about pre-2009, that was when the default rates at Prosper were through the roof. After they came out of SEC registration in Fall of 2009, loan quality was greatly improved and defaults lowered dramatically. Today, I'm making a little over 12% there now, a damn sight better than a savings account! |
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thoughts?
Fucking learn how to spell "losing" and maybe someone will take your post seriously. Or not: |
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man you people! Shadows in every corner... Coinbase is basically another Bitpay. Coinbase processes for Expedia.com among others. They are no scam. Companies have customer service problems daily, including Coinbase, it doesn't mean they're a scam.
Just stop the hysterics.
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