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August 08, 2017, 12:50:06 AM |
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In the Star Wars analogy, I agree. If only it were so simple! The fact of the matter is, by targeting the owners with criminal charges, the US authorities have made it much more likely that the owners will disappear with no attempt at relaunching or refunding customers. Any effort they make to repay customers puts them at greater risk. That makes our odds pretty bad. Perhaps the US intention is to frighten people away from using crypto. Of course it could be just corruption. eg. when the two DEA agents stole coins from the Silk Road seizure. https://arstechnica.com/tech-policy/2016/08/stealing-bitcoins-with-badges-how-silk-roads-dirty-cops-got-caught/Maybe some other US agents are looking to try the same caper.
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mayax
Legendary
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Activity: 1470
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August 08, 2017, 01:12:19 AM |
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yes, keep using shit(unregulated) exchangers and the history will repeat. you will lose the funds. Your logic is terrible and should probably just leave. Funds were not lost due to "unregulated" BTC-e, they were lost BECAUSE of regulators. Seems like a chicken-and-egg problem. The US government creates the law and is largely free to enforce it as they please across the world. So in that sense, yes: any exchange that serves US customers without holding MSB licenses and complying with AML law can cause customer funds to be lost. The morality of this is a whole different issue. In no way is what happened to BTC-e an argument FOR regulation and anyone with a genuine opinion (not agenda-driven fud) knows that.
There are two opposing camps that are diverging further and further apart. The cypherpunks who want to create a decentralized world have no interest in complying with government thugs. Others, like our friend above, are bootlickers, and enjoy seeing law enforcement rob people of their hard-earned money. I guess, you are a cypherpunk, right? I respect your choice. IMO, a person who have hard-earned money, won't play it with an anonymous exchanger just because their API is better than a regulated one. Also, a person who have "hard-earned money", won't trade at all. Yes, there are naive(sheep) people who used BTC-e but they have no excuse if they lost big amounts. It's simple to make a due diligence these days. If you are ignorant, you pay. It's plain simple You don't have to be a "bootlicker" to see straight(the things as they are). We live in a world where there are rules, laws, etc. You have the freedom to chose if you want to live in this society or to retreat in the forest, living like a saint It's a choice. If you choose you to be a financial "trader", then you have to comply with the society laws(financial laws in this case). Yes, the laws are far to be perfect but they protect you from time to time. The future belongs to the regulated exchanger. you like it or not, that's it. Don't forget that few exchangers invested a lot of time and money(see Bitstamp and Coinbase) to in good standing. are they stupid? NO ! they started like BTC-e, without any license, etc but they realized that they won't have any future without this financial license. it's obvious that you know almost nothing about finance, laws and that's why I will stop here, cypherpunk.
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ToxicDartFrog
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August 08, 2017, 01:24:35 AM |
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blah blah blah blah regulation is good for you!!!
You still haven't acknowledged what happened with BTC-e was NOT an unregulated exchange scamming it's users, yet you're trying to make it seem that way to push your "all exchanges should be regulated" propaganda. Comes off incredibly insincere. But it's obvious you have an agenda and will do anything to draw attention away from the fact the only one doing any stealing are self-declared "regulators" who are nothing but a mafia wanting a cut. And you support this! Not expecting an honest response here but I gotta call it like it is.
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jojo69
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diamond-handed zealot
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August 08, 2017, 01:33:31 AM |
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just ignore the statist fuck and move on
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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mayax
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Activity: 1470
Merit: 1004
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August 08, 2017, 01:44:39 AM |
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just ignore the statist fuck and move on
you are just a childish libertarian...and nothing more. what can I say? stop drinking too much , stop smoking weed daily and stop making 69 with your boyfriend(at least a while). your brain is affected
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deisik
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English ⬄ Russian Translation Services
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August 08, 2017, 05:45:23 AM |
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<some crap was here>
Why hasn't this dude been kicked out of here yet? He continues to talk about (using) regulated exchanges but he still stays here and enjoys the freedom of posting at what could be (loosely) considered as the "hornet nest" of non-regulation. In some other "regulated" place he would be quickly banned and kicked out if he kept on saying something as defiant to the local policy or "ideology". Regarding regulators closing down unregulated exchanges, if the regulators do toward others whatever they might think appropriate, they should fully expect the same policy of lawlessness being used against them eventually. In practice, that would most certainly mean the emergence of solutions (like decentralized exchanges) against which their tactics would be utterly useless and futile
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stingray454
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August 08, 2017, 09:05:13 AM |
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So frustrating watching BTC reaching ATH now.. I bought / sold to make like $50/BTC gains, and happened to be in fiat at the time of takedown. If I was in BTC when the site went down I would be up like $50k now. I'm pretty sure that IF (stilla big if) we get something back, it will be the exact amount we had and not (fiat we had / btc price at that time) coins. Big losses every day
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cryptomole
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August 08, 2017, 09:10:23 AM |
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How pathetic life you must have to find joy in someone's loss, no matter what kind of exchange it was. Go outside of you mom's basement, enjoy life, it's very short little sheep, I don't find joy, I only smile. It's just a choice. you choose to be stupid, I choose to smile. Is there an ignore button anywhere we can ignore this brainless idiot?
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xtimus
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August 08, 2017, 09:22:42 AM |
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So frustrating watching BTC reaching ATH now.. I bought / sold to make like $50/BTC gains, and happened to be in fiat at the time of takedown. If I was in BTC when the site went down I would be up like $50k now. I'm pretty sure that IF (stilla big if) we get something back, it will be the exact amount we had and not (fiat we had / btc price at that time) coins. Big losses every day Should always trust crypto. To be fair I believe fiat users will be refunded what they had in fiat and those who stayed in crypto refunded the crypto they had. This helps balance things out.
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stingray454
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August 08, 2017, 09:27:31 AM |
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Should always trust crypto. To be fair I believe fiat users will be refunded what they had in fiat and those who stayed in crypto refunded the crypto they had. This helps balance things out.
Yeah, probably what will happen. Just sucks a lot that I had like 40 btc on there, and even if I get the full value of my fiat back, it will only be like 25 btc .
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YesLOST
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August 08, 2017, 09:41:12 AM |
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Should always trust crypto. To be fair I believe fiat users will be refunded what they had in fiat and those who stayed in crypto refunded the crypto they had. This helps balance things out.
Most probably not. The best way to refund is to take coin gains, pay the losses with it and let everyone get their refund. E.g. you had 10 coins valued at $25460. So, with the btc pump you can buy roughly 7.5 btc with that. Take off 30% - 50% of 7.5 btc and you know your refund.
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Sukovsky
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August 08, 2017, 01:23:03 PM |
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They must have earned a shitton with just holding the btc wallet. They could EASILY pay everyone back in full. But probably won't happen
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YesLOST
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August 08, 2017, 01:54:12 PM |
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They must have earned a shitton with just holding the btc wallet. They could EASILY pay everyone back in full. But probably won't happen
Why should we doubt their words and believe you instead?
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shrodix
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August 08, 2017, 02:46:34 PM |
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They must have earned a shitton with just holding the btc wallet. They could EASILY pay everyone back in full. But probably won't happen
Why should we doubt their words and believe you instead? because he think he is God.
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jojo69
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diamond-handed zealot
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August 08, 2017, 04:50:21 PM |
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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YesLOST
Newbie
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Merit: 0
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August 08, 2017, 05:03:44 PM |
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Domain most likely not under btce control. Domain Name: BTC-E.CC Registry Domain ID: 130469693_DOMAIN_CC-VRSN Registrar WHOIS Server: whois.namecheap.com Registrar URL: http://www.namecheap.com Updated Date: 2017-07-03T07:19:31Z Creation Date: 2017-07-03T07:10:38Z
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kekadam
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August 08, 2017, 07:37:32 PM |
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at least i tried Dear Client, Thank you for contacting xBTCe Support. xBTCe and BTC-e are two different exchanges, we cooperated in the exchange of liquidity and outsourcing of BTC-e customers' verification. We are waiting for an early solution of the situation with BTC-e, at the moment additional liquidity providers are connected in order to satisfy the needs of our clients. Please for further information check the following link: https://www.xbtce.com/en/news/business-as-usual-at-xbtce/Should you have any questions, do not hesitate to contact us. Best Regards, xBTCe
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stompix
Legendary
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Activity: 3066
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Leading Crypto Sports Betting & Casino Platform
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August 08, 2017, 07:45:27 PM |
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So frustrating watching BTC reaching ATH now.. I bought / sold to make like $50/BTC gains, and happened to be in fiat at the time of takedown. If I was in BTC when the site went down I would be up like $50k now. I'm pretty sure that IF (stilla big if) we get something back, it will be the exact amount we had and not (fiat we had / btc price at that time) coins. Big losses every day Should always trust crypto. To be fair I believe fiat users will be refunded what they had in fiat and those who stayed in crypto refunded the crypto they had. This helps balance things out. So they will all be refunded everything by this logic. Fiat is most likely gone. Coins... god knows. The only possibility is that they will look into the books see how much they've made, how much they would probably make if they come back and if the second options gives them more $ and BTC in the long run they will take the loss. Domain most likely not under btce control. Domain Name: BTC-E.CC Registry Domain ID: 130469693_DOMAIN_CC-VRSN Registrar WHOIS Server: whois.namecheap.com Registrar URL: http://www.namecheap.com Updated Date: 2017-07-03T07:19:31Z Creation Date: 2017-07-03T07:10:38Z The moment bitmixer said it will close the service bitmixor was registered and turned out to be a scam. Be careful before using that website.
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gentlemand
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Welt Am Draht
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August 08, 2017, 08:14:57 PM |
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The moment bitmixer said it will close the service bitmixor was registered and turned out to be a scam. Be careful before using that website.
If it really is BTC-e I think it's safe to assume they won't be opening up for trading until everyone pulls out what they have. I wonder how complete their record keeping is though and a few people here have mentioned they were asking for impossible levels of verification.
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