Good morning Yobit

I have posted here the simple steps to fix the Pesobit issue at Yobit. It's an issue that has been going on for 7 months.

I see that Pesobit wallet of Yobit is still not in maintenance mode, and people are transacting a coin that they won't be able to withdraw since you have not upgraded to Pesobit 1.1, the fork all users are on at this moment.

Good morning Yobit

I would like to know how are we progressing on these 4 very simple steps, to re-establish PSB on the new fork?

Your Pesobit customers have been waiting 7 months, I think we have done our honest waiting part.

So what, we just forget about all the Pesobits stuck at Yobit?

When going to a new exchange, checking their thread for complaints is not the first due diligence step that comes to mind.

It's true that what is going on, on this thread must be very embarrassing to Yobit.

Simple To do list for Pesobit:

1) put Pesobit in maintenance mode so people stop transacting

2) install new wallet Pesobit 1.1

3) contact user Lutzow from this Bitcointalk forum (pesobit@gmail.com) for coin swap.

4) re-establish all Yobit user's balances.

tadaaa, new happy customers!

Pesobit is not even in maintenance mode, that's the scary part. People really think they can buy Pesobit here, at Yobit, then they get screwed.

This is why it is my responsability to warn people about buying coin at Yobit, and try to solve the problem for those who did buy at Yobit unfortunately.

In the case of Pesobit, it's complete negligence on their part.  The Pesobit network has been very alive since the beginning with many nodes https://chainz.cryptoid.info/psb/#!network.

The problem we had is a hard fork with coin swap 7 months ago, and they never updated to the new fork.  Pesobit now trades at C-Cex with nice volume every day,because they updated to new fork.

We warned Yobit countless times about this, not even one answer.  I mean come on - coins have hard forks from time to time, it's not unusual.  Now a few people are stuck with coin here, at Yobit.

In the case of Pesobit, Espers and CryptoBullion, and many more, Yobit's not answering any calls.  They accepted these coins, then they let people buy them on the wrong blockchain when a hard fork happens.

I'm not just saying slow, I'm saying no answer at all to multiple service requests over a few months.

What should I beleive?  First thought that comes to mind is that they sold their client's coins on other exchanges and they will close soon.

In crypto experience we call this strategy a 'Big Vern Exit'.

Yobit users, you have been warned!

Yes.  Pesobit has been frozen for 7 months.  All support requests go unanswered.

Yes I hate Yobit too for their lack of support, but i am trying to help all the people who have PSB stuck there.

I can't do it alone, need more voices.

Keep bumping Yobit complaint threads - it's very bad publicity for them so it gets their attention.

Here is one: https://bitcointalk.org/index.php?topic=1378867.260

I really wish we didn't have to play these stupid games with Yobit, but they don't listen to support requests.  How hard can it be? Fix one broken coin per day, in one month these problems will go away. Start by updating to Pesobit 1.1, of course.    

Seven months waiting for Pesobit is too long. Yobit admin: send email to pesobit@gmail.com to arrange new blockchain PSB 1.1 recovery.

DominikHerzog has no power to do anything apparently.  We need to bypass him and talk to real people with some authority.

The Pesobits have been stuck at Yobit for 7 months now, we want answers!

I just posted on these 3 threads to bump them and allow more people to see.

Please, more people should do the same; we will get our PSB from Yobit pretty fast!

We still cannot withdraw Pesobit (PSB) from Yobit, because they are still running on the wrong chain.

Yet, they still accept transactions, collect commission, no warnings; then when you try to withdraw PSB you are screwed.

Yobit has been transacting Pesobit (PSB) on the wrong chain for 7 months now. When you buy Pesobit at Yobit, you are buying nothing because you cannot withdraw.

What I think, is that they simply sold all our Pesobit we deposited at Yobit, to other exchanges and kept the money.

They probably got hacked, lost a lot of BTC, now they are stealing from their customers, it's a classic strategy perfected by Big Vern.

And they keep on going because people still send BTC there.

Yobit has allowed users to buy Pesobit (PSB) from the wrong chain for 7 months now.

Pesobit has been updated to Pesobit 1.1 in January, this was a hard fork, and we are still waiting for them to upgrade the software on their side so we can trade PSB at Yobit too, but why is it taking such a long time?

Of course, they allow people to send in BTC to buy Pesobit, but now we cannot withdraw, because they are running the wrong chain.

We will never stop requesting that Yobit fixes this issue, here and in many other threads, we want our PSB back.

It's sad that our request campaign might make Yobit look like a scam, but the quicker they fix Pesobit, the quicker we will stop.

I have seen Yobit upgrade a wallet software, after a hard fork, after many, many requests and fraud accusations on Yobit complaint threads (they actually do read these threads).

Unfortunately, with so many wallets of coins not operational, yet Yobit naturally still accepts incoming BTC deposits, Yobit's situation is starting to look like a fraud.  If we start accusing them  publicly (and it's looking like a valid point) with serious fraud and scam accusations, they can move fast.

This is because opening problem tickets doesn't work apparently, so we move to plan B.

PS. don't leave any coins at exchanges (lol)

Many of the top adresses are controlled by the online wallet, without being flagged necessarily. The balance of the online wallet is the collective possession of more than 1000 online wallet users, who prefer the online wallet to maintaining a PSB blockchain on their computer.

Also, unfortunately, there are people leaving 5 million PSB at C-Cex exchange. This is a very dangerous habit, as I have seen many exchanges close and people lose all their coins. Many of the top addresses are also C-Cex addresses very, very unfortunately.

Also, when you leave PSB coins at C-Cex, you forfeit the nice staking interest you could earn for the benefit of someone else.

Speaking of failing exchanges, is everybody still bugging Yobit about upgrading their wallet to Pesobit 1.1?

Hello!

Since you regained access to your PSB coins, now is a good time to make a backup of wallet.dat file, before something bad happens again.

Personally, I don't like using the backup feature from the app, I just do it manually:

First, I suggest you lock (strong password encrypt) your PSB wallet from the app; then close this PSB application (this is important)

Next, in your roaming folder on your PC, you will find the Pesobit folder; in that folder is the file 'wallet.dat'

Please copy this file to another device, preferably outside your home such as a secure server; this will be your backup.

In some rare instances, this file gets corrupt, so I recommend making regular backups, keeping also the old ones (just to avoid the possibility of overwriting a good wallet.dat file with a corrupt one)

It's still time to buy, believe me. 500 satoshis will be seen as having been very cheap, one day in the near future.

 


Crypto doesn't work like that. As with other cryptos, cryptos will stagnate for a time, then they take off quickly when people seem to wake up all of a sudden and notice a given currency. Price doesn't go up slowly, as seen with so many other cryptos.  Crypto prices are dictated by crowd psychology.

Word of mouth will work wonders, when Filipinos realize they can save money by using PSB instead of Western Union. Or when they realize they can earn 5-10% interest while banks pay 1.25%. Or when they start buying goods and services at marketplace. Or when PSB Freelancing site rolls out.  There are many reasons to like Pesobit.

I am not selling any PSB at this low price, that is for sure; 100 php sounds about right.

Pesobit is also listed at Novaexchange, but the volume there is small for PSB.

Good for you, that you made so much money with PSB; stay assured, it will happen again.

It's simple mathematics, more PSB users making remittances, PSB price goes up; of course it will take some time as it's not coming from coin traders buying millions at a time, but it will come.

In the meantime, I am staking...