Once Coinbase accepts it, its over...... I think the link between coinbase and their backend wallets is severely damaged but what do I know, I just guess based on what I know from this weeks events?
I've never used CoinBase, but when you see notes like "Public Note: Payout #292432 | CRYPTORY.COM" on transactions, I think that means the transaction was made using the blockchain.info wallet, not done via CoinBase. See https://blockchain.info/tx-index/59731720 for example. Note that the blockchain.info wallet broadcasts transactions as soon as you make them. There's no "pending" stage before the transactions hit the network. There is of course the usual ~10 minutes before it confirms, but it will show up on the Bitcoin network before it confirms. |
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Now granted crypto isnt considered real money by most governments shit like this highlights the need for some type governing body. This is alot of money at stake here, and this is irresponsible. Don't they have backups? Where is their DR plan? They have what a 1/2 PH mine? They find 5-6 blocks a week and they can't allow us to get paid out of THEIR pockets, why?
Governing bodies don't help. Bernard Madoff ran a Ponzi for years right under the noses of regulators. What we need is transparency and for people to take responsibility for where they invest. Cryptory are promising ever increasing returns for the next 5 years. That just isn't credible. Mining has diminishing returns, not increasing returns. Is there any evidence that they have a 1/2 PH mine? In anycase, somebody mentioned up top they dont understand how this system works, it's simple:
- You rent hash power from their large cluster and earn a % of what they mine which is proportionate to your investment.
- They assign you dedicated hash power; that goes up every second until it hits the ceiling for your deposit amount - thus it increases the rate you earn.
- You're supposed to be able to deduct your deposit anytime -- for me I have 12 BTC there, and I only remove the "profits" -- well thats what i used to do, the profits pay my employees and then every 3 months we debit 50% of the account for infrastructure upgrades. There are 5 of us that have accounts that are affiliated with one another so we get a little extra kick.....but now we get nothing and these asshates wont fucking answer us.
I don't think that's how it works. How are they able to rent you enough hash power that it pays for itself over and over again year after year, guaranteed? Why doesn't the return drop when the block reward halves? When most miners are struggling to pay for their equipment *ever*, how are these guys able to pay for their equipment over and over again, and then resell it at the full original price? Here's how it really works: You give them your money. They keep some and give the rest to other "investors". |
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What if these assholes designed their system so that users get dynamically assigned wallets on the backend and those wallets reside on different servers and NOT all users are affected only users in certain wallet clusters -- but then I remembered they use coinbase -- a cloud wallet service so where is the disconnect? Hi Ryan. The disconnect is that they already spent your money paying out the people who withdrew before you. Now they can't afford to pay you out until new suckers give them money to pay you with. A whole bunch of people are going to be out of pocket when this scam eventually shuts down. Just hope you're not one of them I guess. |
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Last week. a lady came up to me and gave me an elaborate story about how she needed gas money to get to her sick nephew. I read on facebook that a similar story about a lady driving the same kind of car, with the same story was asking for gas money on the same night a few grocery stores away.
It is incredibly likely that two old ladies in a row driving the same kind of car with the same story asking for gas money would both turn out to be liars, so the law of probability says that the one you met must have been telling the truth. That's how gamblers' fallacy works, right? |
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"Investment in bank gives You around 3% per month and they will hold Your money for a year!" -- http://www.neo-btc.com/our-offer/Could you point me at a bank account paying 3% per month please? |
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Here are the 5 links without the quotes, so they might actually work. Also removed the ugly images: |
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This is the least professional looking Ponzi I've ever seen.  Is this a joke? |
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Doog, I'm curious how big of a concern this should be in your opinion. (people gaining access to the server seed, etc.) Do you see any security issues with PRC? Or is it just a risk for any site of this nature? How secure did you feel just-dice was? I do recall reading some of your posts where it seemed you felt there was always a risk even on just-dice.
I think most hackers would take an instant 10-20% so that as bait might be a good idea.
I don't think it's ever possible to be 100% secure. It's really hard to say how lucky JD was not to get compromised during the year it ran. Running the site I got nervous every time anyone got lucky. There's always that nagging doubt "are they somehow cheating?" Imagine running the site while nakowa was playing. He was up over 12k BTC at one point I think, and you just have to wonder what's going on. I've not seen the code of PRC, and don't know anything about where it's hosted so it's impossible to have any idea how secure it is. I think there's always going to be all kinds of risks associated with this kind of site, and you need to bear them in mind when deciding whether and how many coins to trust them with. Personally I don't think I would have had many if any coins with JD if I wasn't running it myself. I've had too many bad experiences trusting people with my coins in the past. As for leaving coins in an unencrypted wallet as bait, I think that's a good idea in general. Don't use your regular computer for your main Bitcoin wallet, but do leave a wallet with a small amount of BTC in it. If the wallet gets emptied, it's an early warning sign that you've been hacked. |
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One more thing that is worth noticing is that the simulation assumes that every User would withdraw his Bitcoins, would not send them again into the scheme. I guess a lot of present Users of the real scheme are willing to reinvest what they have received, thus creating a case as we have with banks, where the amount owed by the banks to their customers is higher than the banks real holdings.
One thing to note is that as soon as the first person deposits, the scheme already owes more than it has. If the first depositor sends 1 BTC, he is "owed"* 1.5 BTC, and the scheme is already insolvent to the tune of 0.5 BTC. Every time anyone deposits, the scheme only gets further into debt, because although their assets increase by X, their liabilities increase by 1.5 times X. Basically half of every new deposit counts as extra unfunded debt. (*) except he isn't "owed" anything really. He's playing a game, and knows that he might get back less than he put in. That's part of the game. The problem is when the players don't know what game they're playing, like these poor people. |
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The point Dooglus is making, is that people can just keep winning and still drain the cold wallet, it doesn't matter if the PRC processes withdraws manually.
Exactly. If I can get onto the server to steal the hot wallet, I can also steal the server seeds. The server seeds are much more valuable, because if I'm care and don't make it too obvious I can drain the whole bankroll slowly over time. You would be better off leaving 20% of the cold wallet on the server as "bait" for the hacker. Maybe he's dumb and takes the 20% instant payoff rather than slowly bleeding you to death. |
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Blockchain data don't shown correctly that address. Search it from blockr.io!!
Oh yeah. Blockchain.info shows our favorite shill still didn't receive his pending 0.5 BTC withdrawal, has a total of 28 transactions on his address, and has received a total of 0.132 BTC overall:  whereas blockr.io shows - uh - exactly the same!  Are you the new shill? You're as crappy as the old ones... Where is our favourite one anyway? Is he still waiting for his "3 confirmations"? Tell him he's needed on the facebook page: https://www.facebook.com/cryptory - it is starting to fill up with complaints from people who still can't withdraw: being honest, I know that I do not get my BTC. currency btc is a great idea. The worst part is the people through such behaviors as cryptory, or other companies operating in the Ponzi scheme. People move away from btc. just say, the game is over, we close the page, we are going to holiday, thanks for btc why on earth cant we take money out yet and how will we be compensated for this? Im losing money over this and we need to be compensated for this or we need to access to our coins NOW! This b.s about. "we're fixing it", "we're working on it", and the vagueness of the issues MUST stop and WE NEED ANSWERS. I need my funds TODAY. This is truly ridiculous that we have no recourse, no way to call somebody, no way to talk to somebody that can help. What kind of outfit are you guys running? This SEEMS VERY damn dishonest and fishy. PLEASE give us ANSWERS and issue a statement, I need my damn money this isn't a joke and it isn't funny. I'm dangerously low of money and you guys are screwing me over day after day by now allowing me to cash out and you're putting me in danger of getting SUED b/c I can't pay my damn people. Excuse my frustration but you guys really need to disclose what's going on. This has been the LONGEST 48 hours of my life. As I've said since monday, I need my money and you guys MUST disclose what is going on. This is not professional, not a good way to run a business or anything. Phone calls from the USA go unanswered. I called the local number and let it ring 30 times. The 1800 # doesn't work, and finally the chat when you login is GONE. Please disclose to your clients: - Approximately how much longer until we can make debits - Exactly WHAT happened and WHY it's taking so long. - A letter from Sr. management about this. - Finally, this is having MAJOR downstream impact. I run a cryptocurrency company that DOES NOT deal in fiat currency. We pay our bills, our employees, and everything via BTC and we are NOW LATE on ALL payments and have only been able to pay our employees, bandwidth via reserves with only one utility behind. The board has NOT been paid and is frustrated. We ALL have cryptory accounts and we ALL stored our funds there. We are a startup with no money and the actions of your organization in handling this matter could be far better and this needs to be resolved NOW, not TOMORROW, and NOT sunday -- We deserve a detailed description as to: - What happened - How - How will this be prevented in the future? We deserve this now, rather than the silence and no support we've been getting. Also please change the 48 hour notice -- it's clearly false advertisement - I still don't have my 4.5 BTC, you put them back in my account and I need them in my wallet. I love how nobody at cryptory is acknowledging customer issues and we keep getting ignored. Are you guys having fun stealing our coins? Where is it in the acceptable use policy that you guys can have an outage this long and NOT compensate customers? This is a load of crap and we NEED answers from senior management about this AND I need my damn money. Its truly absurd you can't give me 3.5 BTC when you guys crank out hondreds of them unless your weekly reports are false which I'm starting to question given this situation. I fear for btc payment still does not work. It's been almost 5 days |
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That's a very good point. We had people depositing 1000 BTC or more at once to JD, and it would sit on the hot wallet until it had one confirmation. Then it would be moved offsite. That was a risk in that anyone hacking the server would be able to steal it while it had 0 confirmations.
Of course anyone hacking the server could also see their own "server seed" and so could drain the whole bankroll over time by "getting lucky" with their rolls. Perhaps the presence of 1000 BTC sitting in the hot wallet would be too much for them to resist, and so they would make themselves known immediately, costing the site "only" 1000 BTC instead of draining the whole bankroll over time.
It doesn't matter PRC process thier withdraw manually and twice a day . I think you entirely missed the point I was making. How is their withdrawal schedule in any way related to someone gaining unauthorised access to the server? |
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Hi Doog, thanks for testing a bit. It seems again you have more problems than most. Maybe browser/OS that I haven't fully tested? What did you use?
I use Chromium on Linux. I guess I'm more fussy than most players. When I see something that could be improved, I comment on it. Most probably let it slide. There is a min bet of 1 Dogecoin but that should have showed you an error.
It did. Note that the client-side bet counter on the provably fair tab goes up by 1 when you try to make a bet less than 1 doge, but the server-site counter doesn't, so they get out of sync. Again I think this has something to do with the overall problems you are having, OS/Browser/connection dropping. Was it a bad internet connection you had or was it PRC that was just dropping?
I have a bad Internet connection. Packets often get dropped. Your site doesn't handle it very gracefully. Showing "NaN" in an integer field is wrong no matter how many packets are dropped. Divesting an amount more than your total investment divests all since it would be annoying if there was like a satoshi difference that it kept warning about.
Are you sure? I tried a few times and it appears that it does nothing. Also divest isn't instant, it should have said wait a couple minutes for it to go through which is probably why you see more in history.
Oh, that makes sense then. The first divest I tried actually did divest, but my investment had grown a bit in the mean time, leaving 800 DOGE in my investment, so the 2nd divest divested that. They both show up with the exact same second, so I guess you're timestamping them with the time they were processed, not the time they were requested (since my requests were done manually, and will have been over 10 seconds apart I guess). That is something I am fixing and was an artefact left over from when you can bankroll your own blackjack tables. You wouldn't want to allow an investor to divest as a hand is going on. Again I'll get that sorted for dice.
I'm not clear on that. When I "invest" on the dice site, am I just bankrolling the dice games? Or the whole site? From what I've read in the chat, there's only a single bankroll per currency. Dicers were bitching about losing their investments to lucky sports bet players for example. If that's the case, then don't you want to wait until all current blackjack hands are finished before allowing a divest? You can't change the max stake part-way through a hand. Thanks again for pointing out these things.
You're welcome. I'm just pointing out the stuff that bothered me. I expect most of it could be off-putting to some other players too, so figured you would want to hear about it.  |
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Yes, this is correct. If there's not enough funds, well, that's it. Let's wait for some new funds.
Actually it can be seen that this shouldn't be the case for quite a while
The chart of the balance at the fund's address is interesting. It looks like you're about 24 hours from ruin all the time if no new funds are deposited. Look at the steepness of the drops, and how soon they would hit the zero line if nobody deposited:  |
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And they claimed bitcoin works like that lol.  They will claim anything just so long as they keep getting paid. https://blockchain.info/address/1FyedPPk923wRfmVphV1CLt3bVLGxHZXpK is an interesting address. It looks like it is the blockchain.info wallet that Cryptory uses for all its payouts. The most recent two payouts appear to be: Public Note: Payout #291355 | CRYPTORY.COM d6f688f68036190e94fd99cb1ea8e2e5128195c9014dedd270e0aff7f8fdbd392014-07-02 19:49:05 Public Note: Payout #291490 | CRYPTORY.COM 208b6ceebfe879375a4c3facbd5e4891f9611051bf5a865c5506c9703d9ab0992014-07-03 04:48:04 They are 9 hours apart. And the payout numbers are 135 away from each other. Searching for any of the numbers in between turns up nothing. Googling for public notes about cryptory payouts only turns up transactions from that 1Fyed address, which makes me think that's the only address they're using for payouts. That should make it relatively easy to see how much they've received and paid out, and how close they are to shutting down. |
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That's where you are mistaking.You can see on the snaps posted here there is number of total hashes shown on top.And it increases every second.You can see it when you login in an account.Hash don't stay constant it increases and that's how the exact amount of profit is made.
How does the hashrate increase every second? Hashrate only increases if you add new mining hardware. When you do that, it increases all at once in a single step, until you buy the next ASIC. ASICs cost money. Why would Cryptory keep adding new ASICs to your account if you don't keep depositing more money? I've given you negative trust feedback because of your persistent promotion of this obvious scam. I gave you a lot of chances to stop. Your reluctance to see reason is very suspicious. |
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You wanted to see.0.5 BTC withdrawed.Here That's interesting. The screenshot shows your withdrawal address. We can check it and see that the last two payments made were yesterday, and that the two withdrawals you requested almost 6 hours ago haven't yet been broadcast:  Thanks for yet more evidence that there's something fishy going on here. I hope you still get your $1 for your post even though it wasn't: * 1. Well-thought because it was certainly: * 2. Interesting |
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