BCB
CTG
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Activity: 1078
Merit: 1002
BCJ
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December 24, 2012, 01:41:15 AM |
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Close up shop and get out of bitcoin.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Apollo21
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Activity: 12
Merit: 0
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December 24, 2012, 02:11:31 AM |
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I classified my frozen bitcoins as 'lost' anyway So...whatever You know what the worst thing is, i even bought and donated some btc's while the frozen shit allready hit the fence  |
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M4v3R
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December 24, 2012, 06:40:11 AM |
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Close up shop and get out of bitcoin.
Thanks for this wonderful advice. It would be really the best solution for people with frozen Bitcoin...  |
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crazy573
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December 24, 2012, 10:51:05 AM |
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Close up shop and get out of bitcoin.
Thanks for this wonderful advice. It would be really the best solution for people with frozen Bitcoin... I don't think you are in a position to comment on other people right now... |
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onpdm
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Activity: 26
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December 25, 2012, 08:35:00 PM |
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I don't think you are in a position to comment on other people right now...
And I think you should think about your (!) posting ... |
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disclaimer201
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Activity: 1526
Merit: 1001
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December 26, 2012, 12:46:53 AM |
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Well, some people need a lifetime to make up for such a debt, particularly all the interest in the end. I don't know about the legal situation, but if you owed anyone that amount of money in Germany, you'd just declare private insolvency, wait 6.5 years and you're off the hook. You'd have to have a job and follow a lot of rules etc but you could start over again after that time. People do it for a couple 10k Euros already, let alone 200-300k.
Good luck making up for the loss, but 20000 bitcoins..omg Your only chance of repaying would be to get a loan somewhere else and buy buy buy if bitcoin prices ever fall to 5 or 2 Dollars again. In other words, finishing your short position by waiting. It might be forever though, but if Asics hit, who knows what will happen to the btc price.
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repentance
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December 26, 2012, 01:05:59 AM |
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All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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tacoexperience
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December 26, 2012, 01:57:50 PM |
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This is so funny.. good one. |
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tacoexperience
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January 04, 2013, 02:06:50 PM |
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Bitmarket.eu is finally open again (as per the webmaster). Apparently people can deposit BTC, trade and withdraw them, but people that had funds previously will have to wait until they have enough funds to pay back.. (as I understand..)
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tacoexperience
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Activity: 19
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January 04, 2013, 02:26:15 PM |
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w579246
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Activity: 2
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January 17, 2013, 03:40:51 PM |
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Don't you love the arrogance of this guy? He's stolen from who knows how many people and he's being flippant when he disappears again and people start to worry. I think people are mad for continuing to use this exchange, what's to stop him doing it again? Still no time scales for when I'll get my coins. Maybe he should try communicating this to people rather than being a smartarse. |
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Ted
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Activity: 17
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January 29, 2013, 01:16:56 PM |
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It's time to start making repayments in installments, so that we all can see at what rate the money is being repaid. Also I would like to be able to sell my bitcoins on hold to another user. It would be nice if you could setup a separate market for the bitcoins on hold.
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mralbi
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January 30, 2013, 09:04:18 AM |
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There are some options still being discussed, but the platform would need cooperation from users. I think there will be some "official" communication on the current investment plans quite soon.
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Ted
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Activity: 17
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February 18, 2013, 04:20:54 PM
Last edit: February 19, 2013, 04:07:33 PM by Ted |
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This is really unbelievable! Instead of repaying his debt, M4v3R has somehow managed to lose 600 more BTC! There is no way I'm going to invest in this fishy business now. M4v3R should really take out a loan (from a bank, family or friends) to repay the users for their losses, and then look for another occupation. The only other option is that nobody gets paid and M4v3R does some prison time for fraud.
Edit: I was mad as hell yesterday, and I'm still mad. However, I do NOT wish for M4v3R to go to prison. Nor do I want anything else bad to happen to him. I was just venting.
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Ted
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Activity: 17
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February 28, 2013, 09:27:55 PM |
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I am quite unhappy with the latest development. I am basically being forced into cooperation. I don't want to get short-changed in the process. If the value of coins invested is being fixed to the exchange rate from December 2012, then I'm not investing.
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mralbi
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February 28, 2013, 10:09:25 PM |
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Well, 1 frozen coin is 1 share in case you decide to invest. The question is only how NEWLY invested money is valued in terms of shares. The current proposal is a fairer solution for people that invest NEW money in order to pay back frozen coins...
It is always possible to change back to "non-cooperation" and formally send a claim against bitmarket.eu, but your help to solve the situation in a best possible way would be highly appreciated
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disclaimer201
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Activity: 1526
Merit: 1001
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February 28, 2013, 10:18:19 PM |
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How are the personal loans coming? Without personal commitment from the owner to make up for the recent lost coins, I don't see how investors would be willing to invest.
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mralbi
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February 28, 2013, 10:23:44 PM |
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for the old admin i think it is basically impossible to get a loan
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Ted
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Activity: 17
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February 28, 2013, 11:03:43 PM |
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Well, 1 frozen coin is 1 share in case you decide to invest. The question is only how NEWLY invested money is valued in terms of shares. The current proposal is a fairer solution for people that invest NEW money in order to pay back frozen coins...
It is always possible to change back to "non-cooperation" and formally send a claim against bitmarket.eu, but your help to solve the situation in a best possible way would be highly appreciated
That is still a problem if a new coin buys a bigger share than a frozen coin. I think in terms of fairness it is fair enough that potential new investors have a reasonable choice of opting out. We who have frozen coins are pretty much forced to cooperate or face losing all of our money. I propose a division of shares into A and B classes, where A shares have voting power and B shares have not. Otherwise I prefer the option to receive a one-time payout of 30% of the coins owed. |
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mralbi
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February 28, 2013, 11:20:54 PM |
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but since the frozen coin is lost anyway it is "easier" to invest than really taking NEW coins into this kamikaze project that might never be able to earn back all the debts that were accumulated by the old admin. But if you have different proposal you can contact the admin@bitmarket.euI think in his mail there were some alternatives presented when i am correct |
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