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Author Topic: [ANN] [R3D] NEW UPDATES COMING SOON  (Read 66192 times)
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yak
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September 05, 2015, 12:31:46 PM
 #721

so this project wont be continued? it still has a nice 50 BTC invested

jeeeesus christ. it amazes me just how many tards are in crypto. and how many who can't read for shit

hahahahahaahah

its nearly mind boggling isnt it

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Krypt0Fr3ak
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September 05, 2015, 02:33:05 PM
 #722

Hey all,

Unlucky on the CFC but I hope the project can find other ways to fund their goals.

Please remember the Devs had to put up some BTC (something like 10btc approx) to even get Bittrex to manage this CFC.
From what I understand from basic maths is as follows (+/-10 BTC - +/-10 BTC = ZERO Smiley  Dev are out of pocket on this one, atleast from the CFC fee's alone.  

A failed CFC will mean that trex will set up a buy wall @ 100 sats so you can sell back your coins at same price you purchased (100sats).

But the question is; will Bittrex charge you their standard fee or will their standard TX fee's be waived / omitted.
I suspect this would have been covered during negotiations for the CFC ??
Only the R3D dev and Rich/Ryan/bill would know answer to this, it may be included in the public ann bittrex always posts when they do CFC on specific details which make up the contract/agreement.

Keep in mind Bittrex are contractually obliged to follow the exact details of the CFC agreement.. So, whatever is in the agreement is what will happen.

If something has been missed out or was not covered in the agreement I suspect Bittrex Team have enough sense & experience to know the pitfalls and ensure its put right (whatever it could be and so long as its not their fault and wont cost them any money lol..)

Don't forget Bittrex has to maintain its image in the media/PR and its image in the Crypto community, so, I don't think anyone will get screwed over for a few BTC.

Give them time to sort out their DB and whatever other provisions which need to be put in place and I'm sure they will get it sorted out asap!.

I have only read the last page so I'm not sure if its has already been sorted out yet or not.

Best of Luck.
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September 05, 2015, 03:26:14 PM
 #723

Hey all,

Unlucky on the CFC but I hope the project can find other ways to fund their goals.

Please remember the Devs had to put up some BTC (something like 10btc approx) to even get Bittrex to manage this CFC.
From what I understand from basic maths is as follows (+/-10 BTC - +/-10 BTC = ZERO Smiley  Dev are out of pocket on this one, atleast from the CFC fee's alone.  

A failed CFC will mean that trex will set up a buy wall @ 100 sats so you can sell back your coins at same price you purchased (100sats).

But the question is; will Bittrex charge you their standard fee or will their standard TX fee's be waived / omitted.
I suspect this would have been covered during negotiations for the CFC ??
Only the R3D dev and Rich/Ryan/bill would know answer to this, it may be included in the public ann bittrex always posts when they do CFC on specific details which make up the contract/agreement.

Keep in mind Bittrex are contractually obliged to follow the exact details of the CFC agreement.. So, whatever is in the agreement is what will happen.

If something has been missed out or was not covered in the agreement I suspect Bittrex Team have enough sense & experience to know the pitfalls and ensure its put right (whatever it could be and so long as its not their fault and wont cost them any money lol..)

Don't forget Bittrex has to maintain its image in the media/PR and its image in the Crypto community, so, I don't think anyone will get screwed over for a few BTC.

Give them time to sort out their DB and whatever other provisions which need to be put in place and I'm sure they will get it sorted out asap!.

I have only read the last page so I'm not sure if its has already been sorted out yet or not.

Best of Luck.

i think its 7.5btc and yes richie from bittrex has already posted on this thread that peoples btc will be refunded automatically in the next couple days... after the end of the cfc they do an audit of the db to make sure everyone is going to get the right amount back (which is apparently why it takes a couple days after according to richie)



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Krypt0Fr3ak
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September 05, 2015, 04:19:17 PM
 #724


i think its 7.5btc

Yes that's correct.. I forget the exact price..

yes richie from bittrex has already posted on this thread that peoples btc will be refunded automatically in the next couple days...

I thought as much, Without sounding like I am blowing Bittrex trumpet they are a pretty decent bunch of guys, who in turn, offer a good service for devs & the crypto community as a whole.

..after the end of the cfc they do an audit of the db to make sure everyone is going to get the right amount back (which is apparently why it takes a couple days after according to richie)

That is exactly what happens.. Factors which would delay the process would include their workload at the time considering the management of the exchange in general (and as a whole) and depending on the number of transactions they need to backtrack for this CFC it will take some time to audit correctly..

BUT I should say delays like this should be non-existent or should not be such an issue as I assume, by now, considering the number of CFC done by Trex they would have automated the vast majority of the process and cut their lead time down greatly for this exact issue of failed CFC and the refunds process which follows..

If memory serves me right Bill is the DB/back-end guy richie to..

Just a final word for the R3D Community, Stay strong and try to figure out other means to raise the funds, perhaps stagger your fundraising period, Break it down into smaller chunks and raise funds per deliverable portion of the project.

As for actual methods to get funding, perhaps some perseverance and bootstrap development for the interim period, make some progress on your plans, who knows maybe you get lucky and spotted by serious investors who could help take this project to its conclusion.

But once again good luck!

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September 05, 2015, 05:48:30 PM
 #725

TBH I don't understand all the bittrex hate.  Just because they host some coins that become scams, does not mean that they are bad actors.  People are free to make up their own minds on what they invest in. 

It's too bad that the past year has been an explosion of scams in the altcoin world but that is certainly not the fault of bittrex.

They continually update their website, albeit not very user friendly but they at least do it more often than the other major exchanges. 

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yak
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September 05, 2015, 07:28:52 PM
 #726

TBH I don't understand all the bittrex hate.  Just because they host some coins that become scams, does not mean that they are bad actors.  People are free to make up their own minds on what they invest in. 

It's too bad that the past year has been an explosion of scams in the altcoin world but that is certainly not the fault of bittrex.

They continually update their website, albeit not very user friendly but they at least do it more often than the other major exchanges. 

i think people just like to hate ;P

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September 05, 2015, 07:43:00 PM
 #727

so this project wont be continued? it still has a nice 50 BTC invested

jeeeesus christ. it amazes me just how many tards are in crypto. and how many who can't read for shit

hahahahahaahah

its nearly mind boggling isnt it


I  can tell you what its about. Bitcointalk have attracted another generation, those born after 1995. This generation are used to get things served at a plate. People must tell them what to do, else they wont do it.
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September 05, 2015, 08:45:56 PM
 #728

so this project wont be continued? it still has a nice 50 BTC invested

jeeeesus christ. it amazes me just how many tards are in crypto. and how many who can't read for shit

hahahahahaahah

its nearly mind boggling isnt it


I  can tell you what its about. Bitcointalk have attracted another generation, those born after 1995. This generation are used to get things served at a plate. People must tell them what to do, else they wont do it.

quite possibly.. quite possibly...

btw if you put money into the cfc, check your btc balances on bittrex, it should be through (mine was credited back to my account within the last little while)

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September 05, 2015, 09:33:11 PM
 #729

My R3D has been changed back into Bitcoin too. Looks like richie@bittrex was true to his word. It's rainin' Bitcoins.  Hallelujah!
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September 05, 2015, 10:09:29 PM
 #730

My R3D has been changed back into Bitcoin too. Looks like richie@bittrex was true to his word. It's rainin' Bitcoins.  Hallelujah!

I got my BTC back as well.  Never thought diff, but thought I would rub it into the trolls faces.   Cool Grin
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September 05, 2015, 10:18:53 PM
 #731

r3d became r3kt ?
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September 05, 2015, 10:53:35 PM
 #732

My R3D has been changed back into Bitcoin too. Looks like richie@bittrex was true to his word. It's rainin' Bitcoins.  Hallelujah!

I got my BTC back as well.  Never thought diff, but thought I would rub it into the trolls faces.   Cool Grin

I was crossing my fingers also

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September 05, 2015, 11:00:09 PM
 #733

My R3D has been changed back into Bitcoin too. Looks like richie@bittrex was true to his word. It's rainin' Bitcoins.  Hallelujah!

I got my BTC back as well.  Never thought diff, but thought I would rub it into the trolls faces.   Cool Grin

I, as well, received my BTC back -- never doubted it for a second either. <3 trex.

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September 05, 2015, 11:29:21 PM
 #734

All refunds have been processed.  We will be removing the market in the next 24 hours.  Sorry it didn't work out R3D folks... Big fan of your work.. We're always here to help so good luck on your future endeavors and I'll catch you all in IRC Wink

Thanks,
richie@bittrex

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September 06, 2015, 03:24:37 AM
 #735

All refunds have been processed.  We will be removing the market in the next 24 hours.  Sorry it didn't work out R3D folks... Big fan of your work.. We're always here to help so good luck on your future endeavors and I'll catch you all in IRC Wink

Thanks,
richie@bittrex

We appreciate everything you've done to help and support R3D, Richie.
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September 06, 2015, 04:52:57 AM
 #736

All refunds have been processed.  We will be removing the market in the next 24 hours.  Sorry it didn't work out R3D folks... Big fan of your work.. We're always here to help so good luck on your future endeavors and I'll catch you all in IRC Wink

Thanks,
richie@bittrex

We appreciate everything you've done to help and support R3D, Richie.

So what's next step?
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September 06, 2015, 06:25:05 AM
 #737

All refunds have been processed.  We will be removing the market in the next 24 hours.  Sorry it didn't work out R3D folks... Big fan of your work.. We're always here to help so good luck on your future endeavors and I'll catch you all in IRC Wink

Thanks,
richie@bittrex

We appreciate everything you've done to help and support R3D, Richie.

So what's next step?
Yes I want to know too. Will you use Bittrex for another Crowdfund?

Krypt0Fr3ak
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September 06, 2015, 08:38:51 AM
 #738

I  can tell you what its about. Bitcointalk have attracted another generation, those born after 1995. This generation are used to get things served at a plate. People must tell them what to do, else they wont do it.

+1000 Got it in one..

Quote from: yak
i think people just like to hate ;P

Yes, they do just love to hate plus its much easier to criticize, bitch and moan..

Quote from: BitcoinSanDiego

So what's next step?

Summed up in a few simple words..
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September 06, 2015, 11:48:30 AM
 #739

Hi guys,

Even If I'm waiting for the buy wall, I hope this coin will be successful next time.

Good luck to R3D
Shoozooo

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September 06, 2015, 01:11:33 PM
 #740

Hi guys,

Even If I'm waiting for the buy wall, I hope this coin will be successful next time.

Good luck to R3D
Shoozooo

you are waiting for the buy wall? have you not looked at your bittrex account?
or read the posts on this thread? it was done yesterday you already have your btc back if you bought r3d

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