So what you guys are saying that this "company" is now un-safe because they did not produce papers/documents than b4 when they had nothing to prove but their word? well good luck then  well i think the following statements are not equivalent 1) they do not want to produce documents 2) they have not produced documents 3) they have not produced documents but claim they are willing to do it at some point 4) they have not produced documents, claim they are willing to produce them at some point but eventually changed their mind about it. so each one can cause various degrees of (un)certainty regarding the trust they should receive. I thought they were in category 3 but seem to have switched to 4, correct ? Even 1 i think is better than 4 That's correct. They've been pushing back producing documents for months now (if you swim through this whole thread you'll see what I mean). They've never missed payments, and they've always had some reason for not having the documents on hand. This was the first time they've outright said "yeah, we lied about that." It's a pretty significant change. The writing was on the wall already, but this is the first time they've outright admitted that they won't be producing them. There's a small rebellion going on now among their customers. A bunch of folks have been working with the Panama business registration office and believe they may have ID'd the business and it's registrants. |
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In the official bitcoin-trader Facebook group, a user offered to perform the audit via a big company as suspicion is growing bigger.
Mark my words, no trusted audit is ever going to be done. This is a hyip and nothing more. There's always the chance they'll surprise us. But in the meantime I'm waiting for my shares to expire and I'm cashing out until either they share their business registration info, or they have an audit done. |
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So as of today, it seems they've decided to never release any information pertaining to their business registration in Panama, or the ever-forthcoming audit, per their new HR guy, Thomas Opperman.
"After a lot of very long discussions and trying one way or the other to convince each other what to do we have decided not to let any of the companies documents onto the internet. There are possible threats out there with anything that is posted, and we don't want to take that risk. If you think about the situation for a moment : it is really easy to forge these documents if a company is so inclined. Therefor anything we post as proof will have to be examined and questioned. The only way you will ever be happy with anything is by trusting their track record and the people you deal with. Anything more than that can be faked or forged."
"Josh,I didn't mean to be insulting in any way,and I want to apologise for that. Our company is really registered like we said on the page. Im not asking anyone to blindly trust Bitcoin Trader, I'm just saying that the results speak for themselves and the actions are also proof that everything is as it should be. Short answer : yes,we are registered. Yes, it is in Panama. No, we are not going to provide any documentation."
Note that the only things being requested are the business registration number in Panama so their registration can be confirmed. The claim that "documents can be forged" is BS, considering you can perform a lookup of the business registration on the website listed earlier in this thread. "Forgeries" is nothing but an excuse.
As much as I hate to say it, my gut feeling on this service has done a 180 after the yet-another broken promise about releasing registration info. I don't like the response of "trust us" when they've shown to be anything but trustworthy on things like information disclosures.
Where did you pull those quotes from? It's from their official facebook group page. https://www.facebook.com/groups/bitcointrader |
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So as of today, it seems they've decided to never release any information pertaining to their business registration in Panama, or the ever-forthcoming audit, per their new HR guy, Thomas Opperman.
"After a lot of very long discussions and trying one way or the other to convince each other what to do we have decided not to let any of the companies documents onto the internet. There are possible threats out there with anything that is posted, and we don't want to take that risk. If you think about the situation for a moment : it is really easy to forge these documents if a company is so inclined. Therefor anything we post as proof will have to be examined and questioned. The only way you will ever be happy with anything is by trusting their track record and the people you deal with. Anything more than that can be faked or forged."
"Josh,I didn't mean to be insulting in any way,and I want to apologise for that. Our company is really registered like we said on the page. Im not asking anyone to blindly trust Bitcoin Trader, I'm just saying that the results speak for themselves and the actions are also proof that everything is as it should be. Short answer : yes,we are registered. Yes, it is in Panama. No, we are not going to provide any documentation."
Note that the only things being requested are the business registration number in Panama so their registration can be confirmed. The claim that "documents can be forged" is BS, considering you can perform a lookup of the business registration on the website listed earlier in this thread. "Forgeries" is nothing but an excuse.
As much as I hate to say it, my gut feeling on this service has done a 180 after the yet-another broken promise about releasing registration info. I don't like the response of "trust us" when they've shown to be anything but trustworthy on things like information disclosures.
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I decided to toss my hat in this morning with a sizeable investment because I'm tired of my dogecoins sitting there not earning me anything.
I'll see how it's doing in the next few days - thus far over the past hour or so I've lost significantly more than I would have expected, but I'll give it time to see how the law of large numbers works out.
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There will always be people defending such schemes until they shut down. Look back at Pirate (for example), there were plenty of die-hards that defended him until he shut down and didn't pay out. Maybe these people just want to help perpetuate the fraud or maybe these people are really just that naive. As long as people are greedy and fall for scams, the scams will continue to exist. In this case, much like other similar "investments", a simple question is "If they can make as much as they say, why do they need our money?" If they are really that good, why wouldn't they fund their own operation and keep the profits for themselves? Why the fuck do you even care if I loose my money here or not?
Some people do not like seeing others fall for an apparent scam or they do not want to see the operators to become unjustly enriched. Because making a large profit off of arbitrage requires both liquidity (provided by the exchanges) and a large amount of capital (provided by either the business or investors), and they may not have that much to invest on their own. With other people investing, they make significantly more profit. If you have 1$ to buy gold on one exchange, to resell for 2$ on another exchange, that's great. But you still only make a dollar. Now, if you had 1 dollar and 99 other people to invest 1$, suddenly you've made 200$ off the trade, and you share out the profit to the investors, plus a cut for yourself because you took the time to find the arbitrage opportunity and perform the trades for the investors. I am not convinced one way or the other, but from a pure business perspective what they're doing does seem viable. If I had the capital myself I could easily make 1% on arbitrage every day, but it requires you to keep both USD and BTC in large amounts on several exchanges so you can react to new opportunities without waiting for cash to transfer everywhere. |
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Just requested my first withdrawal, we'll see how it goes!
Once I receive it, and especially when they put in the audit system, I'll probably be sinking a grand in (I'm selling off my mining rig because scrypt ASICs are making it a losing game now and since that has paid for itself already, taking the profits and putting them in bitcoin-trader). Can't wait to see how this all pans out.
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So thus far I have a total of 400$ in bitcoin-trader.biz. I am at around 10% ROI now, which is pretty awesome. Once I hit 100% ROI I will cash out (to make the misses happy), and start reinvesting everything until it generates what I consider to be a nice daily income. I'm also looking at funneling about half my mining earnings there to help speed things up. Based on the average return, it only takes about 10k to make 100$ a day, lol! If anyone wants to sign up under me, feel free to do so at: https://bitcoin-trader.biz/?ref= [ref removed]You'd be helping a poor guy and his wife and dog who'd really love to get over 100k of student loans paid off  |
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I'm glad to see some more concrete information from representatives, it's very much appreciated. Prior representatives have been less than helpful with information.
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I also got the newsletter, which was pleasant. I now have a total of 19 shares (sold some IRL stock to pay off a loan and had a few hundred dollars left over and figured hey, why not).
Nothing else goes in until I've made my money back.
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Hey everyone, I put this up on reddit but haven't gotten any kind of real reply yet...
does doge support multi-signature wallets/transactions? I know this is a newer feature of bitcoin, but it's an incredibly useful tool.
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-0.36% in the trading pool today.
Historically, when there is a loss, do they take it back out of your current wallet? Or is it just against the principal they use to trade? I'm not sure I will check in the morning when they send me an email,I'm thinking that it won't come out of your wallet though. Following up on this, it looks like they removed 7 cents/trading share from the e-wallet today. I had a positive balance so not a big deal. I'm not sure if they'd send you into the negatives if you withdrawal every day or if they'd just take it from your next day's earnings. |
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-0.36% in the trading pool today.
Historically, when there is a loss, do they take it back out of your current wallet? Or is it just against the principal they use to trade? |
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hello,
I am not sure of bitcoin-trader cut. The representatives make .08% for every referred person. I am just the representative for bitcoin-trader, if you want to get in direct contact with the company please use the contact page on their site.
thank you
I'm not trying to be mean, but you don't seem to know a whole heck of a lot for a "representative." Are you sure you're not just trying to get people to click on your referral link? |
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I bought in last friday with a single piddly trading share. Between yesterday and today, that 20$ share has returned 57 cents. Not bad when you consider the low barrier to entry. I'm going to probably earmark some amount of what I mine to go here so if it goes south I won't feel quite so much like I've lost anything, lol. I am completely open to them being a scam, but you'll also have to remember that folks who got in and out of the Madoff scheme before it crumbled made a lot of money  Never play with more than you can afford to lose! |
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Dear Poolwaffle, Nice of the Hashrate per worker! Love it. Only thing is, you forgot to put "" around the hashrate in the new API. Can't fetch the data now. Can you please put them back around the first Hash_rate too  . Many many thx. Greets, Daltonganger Looks like an oddity from how I was pulling the new worker stats. hashrates across the board should now be integers (no quotes), as they should have been originally One balance value is a float value (unconverted, no quotes, not a string), whereas the other two (sent, confirmed) are still string values. I would prefer them to be float values as the string values were being formatted ("1,xxx.xxxxxxxx") and it broke my API for the big dogs that have received that much. :-P Sorry about that. This is what I get for changing things =P All 3 should be floats now The original reason for formatting was just to lock to 8 digits (instead of float representation), but the format function I've got here is just for display (adds commas, etc). They should all be float values now What, not doubles? |
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DogeCoin is about to go to moon and you are mining Litecoin. Why ?
Because we mine based on actual data, and not random predictions... Pretty much this. Not to be offensive or anything, but waffle is running a business. He can't stake all of his clients (the miners) on a gamble that dogecoin goes up, even if we're 90% sure of it happening. He's got to run based on concrete data. That's how the algorithm works. If you're looking for a manually determined multipool, check out wemineall. All of their switching is done by hand right now, per their devs. |
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DogeCoin is about to go to moon and you are mining Litecoin. Why ?
litecoin is being added to chinese exchanges. bullish to many. why are you mining dogecoin that will be dead in a year or two when it is not worth mining and a 51% attack will be done for the lulz. Honestly, I'm not so sure you're right. If only because the dogecoin community is so fervant compared to the litecoin community. It's also been far more welcoming (heck, I've been attacked as a "stupid liberal" for talking about the OSX wallet with litecoin folks - really poor show towards the fastest growing desktop OS market). I think both will be around for a good long while. The rest of the altcoins? I'm not so sure. I mine both, and use waffle (hooray for load balancing). |
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In the past few hours I've seen my hashrate drop from ~3000KH/s down to an average of 900KH/s. Is anyone else experiencing this? I'm on the US East pool. I'm at work so I can't access my rigs at the moment.
EDIT:
NM, it appears that my rig for some reason either restarted, or sgminer decided to switch back to load balancing. I see my hashrate split between 3 pools again (my default is LB between 3 pools, but i've had it set to failover only on WP for the past few days because wemineltc and teamdoge had been sucking ROI-wise).
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Check with the developer to make sure Heavycoin-Qt works with this version of OS X. You may need to reinstall the application. Be sure to install any available updates for the application and OS X.
Is there a different version of the OS X wallet? Not everyone has Mavericks.
I don't think it matters. The version posted doesn't work with mavericks, it crashes on startup. Someone posted a modified heavycoind binary that you can use in the meantime. |
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