On top of that. CoinLab (aka Peter Vesseness – I nominated him for a scammer tag here on the forum months ago) stole even more than the DHS seized later. Read it. This man has done more damage to Bitcoin than anyone possibly could have until now, yet he is chairman to the Bitcoin Foundation. Congratulations to him. A chairman of the BTC foundation holding on +$5M which belong to the customers of the leading exchange, which is already under heavy legal and financial stress from regulators. Great service to Bitcoin Mr. Vesseness. Great indeed. |
|
|
|
Emphasized version (just loving the drama): Defendants are informed and believe that in March and April, 2013 MtGox customers, at the
suggestion of CoinLab, deposited $12,788,701.08 into one or more CoinLab bank accounts;
CoinLab then caused the amount of such funds to be credited to such customers' MtGox
accounts but CoinLab did not transfer the actual funds into the MtGox bank account. As a
result, such customers' MtGox account reflected a higher amount of currency funds available
to such customers than were actually in the MtGox bank account. In April, 2013, and upon
the demand of MtGox, CoinLab transferred a portion of those amounts, $ 7,473,490.29, to the
MtGox bank account, leaving a balance of approximately $ 5,315,210.79 to be transferred to
the MtGox account and which is being wrongfully held by CoinLab. |
|
|
|
Check this out (Gox's answer to Coinlab's suit - TL;DR: they are saying they are short of an additional $5M, NOT including Dwolla and DHS): http://numismatics.pwnz.org/wp-content/uploads/2013/09/MtGox-Answer.pdfDefendants are informed and believe that in March and April, 2013 MtGox customers, at the
suggestion of CoinLab, deposited $12,788,701.08 into one or more CoinLab bank accounts;
CoinLab then caused the amount of such funds to be credited to such customers' MtGox
accounts but CoinLab did not transfer the actual funds into the MtGox bank account. As a
result, such customers' MtGox account reflected a higher amount of currency funds available
to such customers than were actually in the MtGox bank account. In April, 2013, and upon
the demand of MtGox, CoinLab transferred a portion of those amounts, $ 7,473,490.29, to the
MtGox bank account, leaving a balance of approximately $ 5,315,210.79 to be transferred to
the MtGox account and which is being wrongfully held by CoinLab. I read this as VERY BAD news. "Overwhelming" the biggest bank in Japan my ass... The +$14M on Gox's order book, plus whatever is "dormant" or in the withdrawal queue, and therefore all our Gox balances..... Are backed only by thin air. Can you elaborate on the 'overwhelming the biggest bank' part? I'm confused as to its meaning. That's one of the absurd excuses Gox is pulling out of its ass to justify delayed transfers. |
|
|
|
Check this out (Gox's answer to Coinlab's suit - TL;DR: they are saying they are short of an additional $5M, NOT including Dwolla and DHS): http://numismatics.pwnz.org/wp-content/uploads/2013/09/MtGox-Answer.pdfDefendants are informed and believe that in March and April, 2013 MtGox customers, at the
suggestion of CoinLab, deposited $12,788,701.08 into one or more CoinLab bank accounts;
CoinLab then caused the amount of such funds to be credited to such customers' MtGox
accounts but CoinLab did not transfer the actual funds into the MtGox bank account. As a
result, such customers' MtGox account reflected a higher amount of currency funds available
to such customers than were actually in the MtGox bank account. In April, 2013, and upon
the demand of MtGox, CoinLab transferred a portion of those amounts, $ 7,473,490.29, to the
MtGox bank account, leaving a balance of approximately $ 5,315,210.79 to be transferred to
the MtGox account and which is being wrongfully held by CoinLab. I read this as VERY BAD news. "Overwhelming" the biggest bank in Japan my ass... The +$14M on Gox's order book, plus whatever is "dormant" or in the withdrawal queue, and therefore all our Gox balances..... Are backed only by thin air. |
|
|
|
The potential profit in mining is *supposed* to be higher, if done right.
Source on that? I've never seen a credible source claim that mining is "supposed" to be profitable (the design never addresses profitability). Just loads of idiots assuming that and throwing their BTC away. You won't deny that ASIC mining have been *extremely* profitable for the very few lucky owners of early ASIC. Everybody is trying to catch the small profitability window, so they enter in the arms race. Its true that the vast majority of newbie miners are blinded by *impossible* returns, but that does not mean that ASICminer or Avalon batch #1 customers didn't do an excellent ROI. Investing in mining right now? Pretty much pointless IMO, I agree. |
|
|
|
On top of that. CoinLab (aka Peter Vesseness – I nominated him for a scammer tag here on the forum months ago) stole even more than the DHS seized later. Read it. Wow. Wow wow wow. Good find, how is that Coinlab "converted the amount of $5,315,210.79 in MtGox customer deposits"  And the party goes on: Defendants are informed and believe that in March and April, 2013 MtGox customers, at the
suggestion of CoinLab, deposited $12,788,701.08 into one or more CoinLab bank accounts;
CoinLab then caused the amount of such funds to be credited to such customers' MtGox
accounts but CoinLab did not transfer the actual funds into the MtGox bank account. As a
result, such customers' MtGox account reflected a higher amount of currency funds available
to such customers than were actually in the MtGox bank account. In April, 2013, and upon
the demand of MtGox, CoinLab transferred a portion of those amounts, $ 7,473,490.29, to the
MtGox bank account, leaving a balance of approximately $ 5,315,210.79 to be transferred to
the MtGox account and which is being wrongfully held by CoinLab. I read this is VERY BAD news. "Overwhelming" the biggest bank in Japan my ass... The +$14M on Gox's order book, plus whatever is "dormant" or in the withdrawal queue, and therefore all our Gox balances..... Are backed only by thin air. |
|
|
|
Sure you do - it's just that the costs are hidden from you in the form of commissions on profit taken by doog. Don't kid yourself - you are paying for upkeep in that you do not get a cut of gross profits, but instead you get a percentage of net.
Commission is applied to profit, not to investment. One universal truth exists in commerce: All costs are passed along. This is true either in prepaid costs from a subscription, or a set fee per transaction, or from a percentage deducted on the back end, or from the fact that you're getting a smaller percentage than you would be getting if costs were not a factor in the calculation of the owner's take. It doesn't matter how you think you're getting paid, you are not receiving as much as you would if costs were not factored in. Just because you can't see the costs deducted doesn't mean they aren't a factor. Investment does not cost me anything except microbitcoin transaction fee. Nothing compared to multi-thousand $ mining rigs.
The cost of running a website is not comparable to the cost of running an ASIC manufacturing and farming system. Then again, the profits are not comparable, either. Dude, don't try to bulshit me. I am not interested in your theoretical insinuations My point is simple: you submit btc to just-dice, you start make profit immediately. No upfront costs. I am not going to run neither a web site nor ASIC manufacturing and farming system. I am just happy that my bitcoins not only grow in value, but in number too, and that is almost for free. Mmmm... Did you know that you can get returns on bank deposits? Still, the risk is very low and thus the return is lowish too, and you still have to commit X amount for X time. The potential profit in mining is *supposed* to be higher, if done right. |
|
|
|
Good one...  Only the owner of the address will be able to count the sheeps. LOOOOOL "Backwards compatable" "send all your Bitcoins to the official Bitcoin address"  |
|
|
|
Sure you do - it's just that the costs are hidden from you in the form of commissions on profit taken by doog. Don't kid yourself - you are paying for upkeep in that you do not get a cut of gross profits, but instead you get a percentage of net.
Commission is applied to profit, not to investment. Investment does not cost me anything except microbitcoin transaction fee. Nothing compared to multi-thousand $ mining rigs. Those (mining/investing) are two very different things, which are not incompatible, and each one carries their own risks/benefits set. Specifically: by investing in just-dice, you get a reasonable 1% profit (aprox.), but you need to hold your money for some time in there too, and you are trusting it to a third party. I know for sure I have more trust in dooglus than in most other "online casinos" around. |
|
|
|
Luckily, I also don't believe in THEY.
The majority your flock does though. My prediction for 2013 was a high of $16. You really got it right, mate... |
|
|
|
Please let us know what went wrong, how did you fix it, why new investors can't withdraw, how much is owed and how and whent do you expect to pay back up.
Oh, and let's as know how your casino works that someone will bet 10,000BTC against your 1BTC bank roll.
The maximum bet will never go below 2BTC, it is capped that way, and it is capped that way for a reason because I will personally cover any bets made up to the 2BTC max. New investors will be able to withdraw soon enough, I don't want to give any promises that I cannot keep 100% as to the day when withdrawals will be enabled again. We are pushing forward daily regardless and I assure you everything will be paid out. And how did the "casino" become a Ponzi? The fact is you cannot or you don't want to give a clear and transparent explanation about what happened, how did you solve the problem (you didn't) and what is your course of action to repay everybody. You keep the site up just to lure more money in, without allowing new or old investors to withdraw. Obviously the majority of those who were scammed keep giving you the benefit of the doubt because they want, they *need* to hope they will get their coins back. Human psychology at work. But the fact nobody is able to withdraw his money yet while you insist in not explaining precisely what's going on, demonstrates you scammed people willingly and you continue to do so. People cannot withdraw their money because you are stealing it. |
|
|
|
ooh ... whale showing a fin again When did this obsession with the Whale God start? It's like, any time anything happens it's "because whale!" Some of you sound like you'd sacrifice children on an alter of fiat money if someone told you it would make the Whale Gods happy. We don't need no stinkin' whales. Well we got em whether you like it or not ... I'm not denying that there are people who can buy/sell chunks of BTC. I'm not denying that there are people who own 100 bagazillion BTC. Of course there are. It's the attitude this thread has of this strange cult-like worship and pretending that the fate of bitcoin relies on the whimsies of such people that bothers me. Is a fact that the lower the volume is (and its been getting lower for months now), the more the market is driven by fewer, relatively bigger trades. |
|
|
|
|
Please let us know what went wrong, how did you fix it, why new investors can't withdraw, how much is owed and how and whent do you expect to pay back up.
Oh, and let's as know how your casino works that someone will bet 10,000BTC against your 1BTC bank roll.
|
|
|
|
Now you made me cry.
That's how Ponzi schemes work, didn't you know? The "early investors" profit by stealing "late investors" money. I assume you did it unwillingly, but the fact is that's how the story ended up. You had a big and fast profit you couldn't have had achieved if this was not a Ponzi. You have been lucky. Why asking for more? What's the point? Don't you understand that you already got out 150% of your investment when the house edge would have allowed you to earn just a tiny fraction of that? The coins in your balance you can't withdraw now are not even *yours*, they belong to someone else. How does big profits = ponzi? What if the house receives 10,000BTC every hour with a 2.7% house edge and there is *only* 1BTC invested? It is 01BTC10's right to send payments to whoever he pleases I guess, but they will receive their payment twice in the end. What are you rambling about? You mean that somebody will bet 10,000BTC against your ridiculous 1BTC bankroll? You keep spitting BS regarding how you will gonna end up paying. Cut the shit and confess. If you really fucked up unwittingly, man up and tell us what didn't work for "the best casino of 2013" to became a Ponzi scheme. Explain us where is the problem, how did you solve it, and what's your plan in order to refund scammed people. Oh... You can't say shit because you fixed nothing. New investors cannot withdraw neither. |
|
|
|
1-2BTC per day while doing nothing is $3,000-$6,000 per month.
If that's nothing for doing maybe 1 hour of actual work then boy, you must be a brain surgeon or an astronaut.
And I never said I'm a genius trader, I only started trading last week. What I said was trading Cryptos is much easier than trading stocks with actually less risks. And I traded stocks for over 20 years now and my college education is related to investments so I'm qualified to make such a statement.
But if making $6,000 per month off your couch and while playing at the park with your kids ain't a good life for you, then man, you don't need crypto coins, you need to start your own SpaceX program.
Now quit being a jealous hater and just do what I tell you to and thank me later, tough-guy!
Considering the ridiculous volume on altcoin exchanges 1-2BTC can be the achieved in a *good* day. But as we all know, in trading there are also average and bad days. I'd say that believing that is possible to consistently make 1-2BTC per day for 30 days a month by trading valueless altcoins with a small initial capital is pretty much a fairy tale. |
|
|
|
Now you made me cry.
That's how Ponzi schemes work, didn't you know? The "early investors" profit by stealing "late investors" money. I assume you did it unwillingly, but the fact is that's how the story ended up. You had a big and fast profit you couldn't have had achieved if this was not a Ponzi. You have been lucky. Why asking for more? What's the point? Don't you understand that you already got out 150% of your investment when the house edge would have allowed you to earn just a tiny fraction of that? The coins in your balance you can't withdraw now are not even *yours*, they belong to someone else. |
|
|
|
I call this piece "Robbed"
Together we own 50% of the bankroll. So you are a third of the bankroll and have not beaten this guy over the head yet? I withdrew my initial investment + 50% and I don't beat people. So you had a huge profit from this scam (you withdrew investment + 50% profit). You do realize that the "best casino of 2013" owes you nothing, and in fact you cashed in the coins that were scammed from some random poor guy who invested, right? I'd say this is the endgame, folks. The OP is posting in this thread and keeping the site up in the hope more gullible fools send their hard earned money to him. Just accept the coins are gone for good and move on, folks. I took the same risk as everyone else, I could also have lost. If the Casino owes me something, I will let Casinobit sort this out by himself. Finaly, I don't see 20 BTC as a "huge" profit for taking all the risk of being an early investor and compared to potential profit lost. 50% profit in just a few weeks = HUGE profit even in BTC's wild west, lets leave alone the "real word". This was clearly a Ponzi-like scheme, and your profit came directly from the investment of some poor folk who lost his coins for good. I guess you acknowledge you have been one of the few lucky guys who actually profited from the scam, therefore it strikes me that you keep asking for more money. I guess you participated in the Ponzi unwillingly, in your shoes I would try to find out if there's any way to know who lost his coins to give back the BTC that ended up in your pocket. I hope there is not a certain way, but asking for more is a bit too much, isn't it? The point is there's no way a Casino can give that kind of huge and fast ROI with a legitimate business model (i.e. House edge), the coins you cashed in were willingly or unwillingly stolen from others people pockets. |
|
|
|
I call this piece "Robbed"
Together we own 50% of the bankroll. So you are a third of the bankroll and have not beaten this guy over the head yet? I withdrew my initial investment + 50% and I don't beat people. So you had a huge profit from this scam (you withdrew investment + 50% profit). You do realize that the "best casino of 2013" owes you nothing, and in fact you cashed in the coins that were scammed from some random poor guy who invested, right? I'd say this is the endgame, folks. The OP is posting in this thread and keeping the site up in the hope more gullible fools send their hard earned money to him. Just accept the coins are gone for good and move on, folks. |
|
|
|
Sorry original poster, but you have no Idea of what you are talking about..... after 12 years of the 9/11 most of people agrees that Al Qaeda is made up, but mixing this with what happening in Syria proves that you have no clue about what is happening in middle east. I lived 20 years in north Africa, I did breath their air and practiced their traditions and I think I have a better understanding of what is happening there, Let me make it short because it is really complicated: it all started in Tunisia couple of years ago when a man (Bouazizi)who sells groceries outside in the street got shut down because of working without a license till here the story seems normal, but the way he got shut wasn't fear and nonhuman, not mentioning the fact that he was a father and he had to provide for his family somehow but the critical part is that he got slapped from the policewoman and they took all what he had at the time. being desperate and angry he tried to complain, but he got refused... because he couldn't provide for his family in a legal way and he didn't want to go and steal he went and set him self on fire. people got touched, and when they knew the reason after this incident got even angry, they went down to protest for this system victim and they got answered with real live ballet from the police killing hundreds of civilians.... Zine El Abidine Ben Ali was the president of Tunisia since 1987 running the country in a dictatorship, it was just about time that people had enough and went out to break the system and replace it with democracy..... read here for more Info http://en.wikipedia.org/wiki/Tunisian_revolution. why did I mention Tunisia ? because it all started from here, then what was called the Jasmine Revolution followed to most Arabic dictatorship countries as Egypt and Libya and Yemen and here we come to Syria..... Al Assad was never voted to be a president but was brought after the death of his father which was a president and was forced by military, Syrian lived a miserable life where only the people on the top of the government or people close to them had a good life, when it happened in all other countries Syrians realized that they can change their system as well and take down Al Assad, they realized that they can have freedom and they can choose who to guide them, But Al Assad was stronger than they even imagined being supported by Russia and Iran, Al Assad commited one of the worst crimes after the World war, used all kind of weapons to kill civilians, it was never about religion in Syria. and when talking about Hezbollah Allah you prove that you have no clue, Hezbollah (pronounced /ˌhɛzbəˈlɑː/;[4][5] Arabic: حزب الله Ḥizbu 'llāh, literally "Party of Allah" or "Party of God")—also transliterated Hizbullah, Hizballah, etc.[6]—is a Shi'a Islamic militant group and political party based in Lebanon, if you want more about it read up here http://en.wikipedia.org/wiki/HezbollahAl Assad is a criminal and people in Syria and any place in the world have the right to live in freedom peace and dignity, we have a saying that is in this meaning " If people wanted to live they can change their destiny" (bad translation  )
things wouldn't look like this If when people started peaceful protest, Al Assad should just know that people doesn't want him and he should just quit, but no he thinks that he owns the country. What are you rambling about? Are you denying Hezbollah is strongly supporting Assad? Are you denying they have Chinese and Russian weapons financed by Iran? First and foremost, as I posted in the OP it seems that USA won't have the balls to do a full-scale intervention in Syria. They cannot afford another Vietnam, Iraq or Afghanistant (at least for the moment). I stand correct, IMO there won't be US military boots on Syrian soil any time soon, despite of Saudi Arabia pushing for it. Secondly, independent studies have proved that aprox. 70% of the population supports Assad, which is confirmed by the NATO ( http://www.worldtribune.com/2013/05/31/nato-data-assad-winning-the-war-for-syrians-hearts-and-minds/). This is a hard cold fact proven by independent researches. The vast majority of "rebels" are just a bunch of mercenaries (Muslim Brotherhood, Al Qaeda, etc. etc.) financed by Saudi Arabia and the West. Christians in Syria support Assad. Non religious people in Syria support Assad. The "Jazmine Revolution" is just a bad joke - or do you think Egypt is now a free and safer country? What about Libya? |
|
|
|
One hour without a single trade at Gox.
DDoS? Not looking good.
Gox is down 502 Bad Gateway It has been completely down for one hour down. Normally, when there is a DDoS some trades come through... Now, not a single trade in exactly one hour. Not a single update on Gox or Twitter. Didn't check IRC, but its not looking too good. |
|
|
|
|
Show Posts
