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Thank you.
It looks promising.
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Lets see how this works: raW4tvsndX8fkunTqpHWsT8L5BErB5KEJd
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We certainly need more exchanges to trade alt coins and, therefore, this initiative deserves praise. However, I think it would have more success with a more general accepted coin, like terracoin or ppcoin. Any plans to accept also these ones?
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No need to real worry until those balances start to shrink or disappear without anyone receiving their money back. Since fast withdraw is essential to a scammer, I don't think Simon is planning to scam us or all the money would be long gone. Of course, if people start calling the police too soon, that can trigger some undesirable consequences. Simon knows it's hard to run anywhere in modern European Union or even abroad. No need to remember him that. And he already updated his message on https://bitcoin-24.com/. At least the "closed your Bank account in Poland" was changed. But he should prepare things in order to allow people to withdraw their bitcoins. Or, at least, write a more assuring message about he returning all the money and give us some kind of deadline. |
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I can offer 0.1 btc.
I reserve the right to withdraw this offer until accepted.
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The market takes care of most things. Even if transactions stay very slow until the problem is fixed and prevented, high difficulty might support terracoin's price, because it obviously will limit the money supply. Lets remember that there are only about 2,032,260 terracoins (it's not like litecoin that has about 16,490,000 or PPcoin with more than 27,000,000; make no confusion, I like these coins very much too). The price went up too much for high difficulty to be a serious threat. Right now, slowness of transfers is even supporting the price, because is preventing traders to sell at btc-e the coins bought at vircurex. No doubt, when they all arrive, that will put pressure on the price. But many (including yours truly) are waiting that to buy thousands of cheap terracoins.
Will the high difficulty drive away some miners? Perhaps. But I doubt that, because scarcity and its consequences on expectations of future prices will have their weight. The fact that many terracoin miners have many terracoins will also force them to keep mining to support the coin. Namecoin has much more serious problems of revenue, but despite that it is still kicking. Most people will support terracoin because of its value even if for more than a reason the slowness of transfers last or kept occurring.
If this price lasts, you will see places accepting terracoin popping up, including, for the best or the worst, a "Terramit" and a "Terra Road". At 0.008 btcs, one terracoin has more value than the green bag (1.38 USDs, with BTC at 173 usd).
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Since Ixcoin is no longer supported on Vircurex, I'm sorry but I have to retract my bid. I might considerer to bid a lower value if the auction is still on.
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I fully understand the reasons. But an improvement of security could be an alternative to shutdown the exchanges. Like demanding a code sent to the email to be entered for withdrawing (like bitcoin-24.com).
Well, if the decision is final, I hope you can sell the exchanges to someone trustworthy. I spent large amounts of bitcoins at your exchanges and I'll miss them.
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They should at least make a clear statement that there was no hacking and that all the money is safe. There are lots of rumors spreading about that.
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These reports against bitinstant are starting to be too frequents to be just a small glitch.
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