Ted
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Activity: 17
Merit: 0
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February 28, 2013, 11:56:40 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 I don't agree and I think your view is the complete opposite of mine. Nothing is "easier" with our situation. We don't have the luxury to just forget about it and spend our coins elsewhere. Our coins are trapped between a rock and a hard place, and we have a few poor options to choose between, one of which is to form a partnership with the man who embezzled our money in the first place. I thought the point of this whole operation was to make amends and pay back what is owed. Not to offer the crappiest deal any of the victims would still be willing to accept, while avoiding going to prison. I could be offered pennies to a dollar, and technically that would still be more than nothing at all, but at that point I wouldn't be willing to cooperate any more. If the decision stands that new coins will have more than twice the buying power of frozen coins, then I will be choosing to collect 30% of my coins and leave this whole mess behind me, (provided the offer still stands.) Then, at least I can choose whether I want to spend my coins on an investment in this company or black tar heroin. |
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mralbi
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March 01, 2013, 09:09:34 AM |
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I totally agree with you...unfortunately everyone of us can only decide between crappy solutions. You have full opportunity to invest (whatever amount of) new money and get your part of shares for that.
When you chose the 30% payout it would also be 30% fiat payout based on the price on december when the coins got frozen. Or you can chose to not-cooperate and see how much money you can actually "sue" from the old owner...maybe few % or so at its best. You have to decide between crappiest solutions, but like in my case, i also have limited resources to invest into this project and also other investors (new) capital is limited, as i now tried to look for investors many weeks now and it is not easy to pull "new" money into this bankruptcy project at all. This is now the compromise we negotiated in long "night" discussions.
When old coins would give 3 times more shares than no one is investing and thats it. This is definetly NOT a good investment for new investors, it is necessary to make compromises.
Since you want to be "passive" investor, it might be better to chose the "cooperate", there you would get your "equal" share of the 50% profits from the new site
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Ted
Newbie
Offline
Activity: 17
Merit: 0
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March 02, 2013, 09:54:09 AM |
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I totally agree with you...unfortunately everyone of us can only decide between crappy solutions. You have full opportunity to invest (whatever amount of) new money and get your part of shares for that.
When you chose the 30% payout it would also be 30% fiat payout based on the price on december when the coins got frozen. Or you can chose to not-cooperate and see how much money you can actually "sue" from the old owner...maybe few % or so at its best. You have to decide between crappiest solutions, but like in my case, i also have limited resources to invest into this project and also other investors (new) capital is limited, as i now tried to look for investors many weeks now and it is not easy to pull "new" money into this bankruptcy project at all. This is now the compromise we negotiated in long "night" discussions.
When old coins would give 3 times more shares than no one is investing and thats it. This is definetly NOT a good investment for new investors, it is necessary to make compromises.
Since you want to be "passive" investor, it might be better to chose the "cooperate", there you would get your "equal" share of the 50% profits from the new site
I tend to forget that we are in this pickle together, and that you have lost much more money than I. I realize you are working very hard to make the best of a really crappy situation, and that you probably would rather be working on something else than perhaps recovering some of your losses. My thought was that me investing my coins would alleviate the pressure to reimburse the non-investors, but I will take your suggestion and choose cooperation with the initial plan. |
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eiskalt
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March 02, 2013, 02:24:39 PM |
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Hi there everybody,
I lost around 50 btc in the second theft/"hack" at bitmarket.eu. The questionaire ended before this incident. I already wrote an email to the administrator of bitmarket.eu, that i do neither intent to donate these coins nor am I interested in cooperating with any kind of solution that will be brought up by any person affiliated with bitmarket.eu or the group of new investors.
I will insist on the payout of my stolen bitcoins and I am considering legal action, if I do not get my bitcoins back until the end of march.
As far as I am concerned, I do not believe in the "official information".
To me the second incident smells like screwing the users all over again - steeling their bitcoins and gamble with them.
M4v3r said, there is the chance, that the latest 620 bitcoins could be paid back very soon. He considers himself a security guy and despite this he had his server and the wallet open to the world. No no no, there is something wrong in the state of denmark and I am not gonna take it.
If I have to go the judicial path, so be it. What I will get then I do not know, but at least I tried.
So if anybody here feels and thinks the way I do, maybe we could join forces.
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Ted
Newbie
Offline
Activity: 17
Merit: 0
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March 02, 2013, 10:18:21 PM |
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Hi there everybody,
I lost around 50 btc in the second theft/"hack" at bitmarket.eu. The questionaire ended before this incident. I already wrote an email to the administrator of bitmarket.eu, that i do neither intent to donate these coins nor am I interested in cooperating with any kind of solution that will be brought up by any person affiliated with bitmarket.eu or the group of new investors.
I will insist on the payout of my stolen bitcoins and I am considering legal action, if I do not get my bitcoins back until the end of march.
As far as I am concerned, I do not believe in the "official information".
To me the second incident smells like screwing the users all over again - steeling their bitcoins and gamble with them.
M4v3r said, there is the chance, that the latest 620 bitcoins could be paid back very soon. He considers himself a security guy and despite this he had his server and the wallet open to the world. No no no, there is something wrong in the state of denmark and I am not gonna take it.
If I have to go the judicial path, so be it. What I will get then I do not know, but at least I tried.
So if anybody here feels and thinks the way I do, maybe we could join forces.
I might be interested. I am leaning towards cooperation for the time being, but am not in any way waiving my right to take legal action, even if I decide to cooperate. |
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mralbi
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March 03, 2013, 02:53:02 PM |
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This stupid hacker incident really occured at the worst timing one could imagine, in particular as it happened just after the questionnaire ended and therefore all positive answers might completely have chainged their minds in the meantime.. We are just discussing if those hacked coins should be reimbursed first or not. Or at least faster than the rest or not (no decision taken yet, this will be done on our meeting 15th march), as the problem is simply that there is not much investment money available.
However, the plan is that the site will not be involved with the new site anymore and bitcoins could not be accessed from the site admin(s) at all anymore.
People of course do not lose any rights from going to court against the old admin. From the questionnarie it looks like only few people are not cooperating. Maybe you should contact Maciej directly and "officially" set back your status to non-cooperation plus claim a reimbursement of an amount in FIAT currency (bitcoins are not there and cannot be paid out). Therefore, i think you will not get bitcoins back anyway, as it is simply not possible.
We actually had a legal assessment on this, and the proposal was that "frozen bitcoins" are never "released" to non-cooperative persons, but you might be reimbursed a certain amoint in FIAT currency where the bitcoin price is determined at the date your coins were actually frozen OR the amount you actually paid for them on bitmarket.eu in the past.
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mralbi
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March 03, 2013, 11:54:24 PM |
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well, believe it or not, i am not related to bitmarket and/or the admin in any way. I just lost my coins as anyone else, simply a "slightly" bigger amount than you, so i would like to find a USEFUL way out. As i posted in the other thread, going to court or whatever will not help you in any way, maybe you have tried this in the past, but from your comment(s) i assume it will be your first time.
But please make your own experience with an international court case. It takes 2 years or more and will cost you AT LEAST 3000 euros. And in the end it gives you nothing. And no i dont want to scare you off, its just the reality
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eiskalt
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March 04, 2013, 01:24:45 PM |
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Von den Fachrichtungen her wohl eher eine schlechte Wahl.
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mralbi
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March 04, 2013, 01:42:09 PM |
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naja ich hatte 10 anwalete aus der Liste angeschrieben, ob sie den fall uebernehmen wollen, die waren unter den wenigen die ueberhaupt geantwortet haben und explizit mitgeteilt haben, dass sie kein Interesse haben ;-)
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DarkBabar
Newbie
Offline
Activity: 2
Merit: 0
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July 06, 2013, 04:18:48 PM |
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Hello all,
Again, I want to apologize for this situation. I didn't have any right to do what I did, but it happened and now it's on my head to straighten things up.
Yes, it seems very hard for Bitmarket to earn this much of money, but I think it's feasible. There are already several ideas to make this work, including:
- finding individual investors that decide to use their funds to help the current situation and receive any future profits from the site
- distributing the debt as shares available for everybody that want to participate
- at the same time, the site would be improved to maximize it's potential
I understand that some people have "Newbie" status on this forum and can't participate in main discussion. So if you have other ideas on how to proceed, or just want to get in touch on this subject, please just PM me.
Hi! I'm wondering when I might be getting my repayment. I had 20 BTC frozen in December. |
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