BTC-e hacked ??

[blade87]

If they just don't touch the account balances of those who held coins, and give them back a fixed % of that coin, they could probably figure out this situation a lot easier, plus cover fiat users better given how much higher Bitcoin prices are today. For example, with BTC being 57% higher today, I almost expect that they could give ever user 60% of their coin back, and give fiat users 50% of their fiat back. And these ratios should get higher, as long as Bitcoin keeps rising. And in fact, I think fiat users would be happy to accept crypto back too. This would avoid any necessary mass dumping of the coins.

With Bitfinex closing doors to US customers, BTC-e does actually have an opportunity to step back in, even with KYC compliance. But it's really going to rub me wrong way if I get back 7 different coins that do not add up to anything near the claimed 55% of my original Bitcoin.

[Fispe]

But why only 55%? Where is the other 45%?
I did nothing wrong with my money. I want it all back.

They are throwing a bone so we shut the fuck up while they get rich.

Who is fucking robbing us? and fucking WHY?

[YesLOST]

But why only 55%? Where is the other 45%?
I did nothing wrong with my money. I want it all back.

Yes, 55% you will get back now from btce and they offer you 45% as btce tokens. However, you are of course free to take it up to them who is in the possession of the 45%, the USA:

[mayax]

But why only 55%? Where is the other 45%?
I did nothing wrong with my money. I want it all back.

They are throwing a bone so we shut the fuck up while they get rich.

Who is fucking robbing us? and fucking WHY?

Why? because they can ! because you used a shit exchanger. who did an audit to say 45%, 30%, 90%? BTC-e said that. Why would you trust their words? 

anyway, you will see NOTHING back. get used with that and that's it. at least, you learn something. don't use anonymous exchangers !

[deisik]

I was wondering if there would be a way in future of haveing you funds protected by muti sig such that when you buy sell level is reached, the key then signs on the funds .... I am pretty sure eth does this at the moment.

ahhh decentralized exchanges when?

Well, there is Bitsquare. In time, we will have better ways -- atomic cross-chain swaps and such. But there is no fundamental answer to the problem of hedging bitcoin (or altcoins) against fiat currencies. There's no way to do that without a trusted third party somewhere in the chain. Pegs (like "price floor contracts" which are untenable anyway) require storing funds on exchanges. Tether = Bitfinex. For now, all we want is coin, but there will come another time like 2014 where USD will be king again

Do you refer to BitShares?

They seem to be a single company like that behind Ripple, so I wouldn't trust them much either. Regarding "hedging" cryptocoins against fiat currencies (whatever you might mean by that), personally, I don't see that as a real issue or threat. In fact, we had seen quite a few exchanges in the past that traded crypto currencies only. Bitfinex now seems to be one such exchange itself. Further, now that Btc-e is gone (well, let's all hope for the best and that it will make a comeback one day) with its excellent fiat withdrawal (as well as deposit) channels, Bitcoin has only risen higher, therefore there is no reason to think that we really need fiat gateways as many people are inclined to think (apart from a few exchangers here and there)

[daserpent]

When are they gonna come back online now?

[thedreamer]

When are they gonna come back online now?

You are kidding, right? 

[YesLOST]

When are they gonna come back online now?

We will exactly know at the end of August. Either they come back online under new flag with 45% btce tokens or they just refund 55% and its over.

[bonker]

When are they gonna come back online now?

We will exactly know at the end of August. Either they come back online under new flag with 45% btce tokens or they just refund 55% and its over.

Finally the trollbox will be reactivated and world culture and IQ will again raise

[erk]

When are they gonna come back online now?

We will exactly know at the end of August. Either they come back online under new flag with 45% btce tokens or they just refund 55% and its over.

Finally the trollbox will be reactivated and world culture and IQ will again raise

Then people can discuss illegal activities again so the FBI can say BTC-e is a den of criminals.

[figmentofmyass]

With Bitfinex closing doors to US customers, BTC-e does actually have an opportunity to step back in, even with KYC compliance. But it's really going to rub me wrong way if I get back 7 different coins that do not add up to anything near the claimed 55% of my original Bitcoin.

what do you think they mean by KYC? everyone has to send documents? or tiered like kraken or poloniex (example first tier: name, address, email and maybe phone number for limited withdrawals)?

the biggest problem with their proposed distribution is sticking people with novacoin. it's a shitcoin that isn't traded anywhere else, really. no liquidity in that market, nor much for peercoin or namecoin. so people who receive those coins may get really shafted.

[squatter]

But why only 55%? Where is the other 45%?
I did nothing wrong with my money. I want it all back.

They are throwing a bone so we shut the fuck up while they get rich.

Who is fucking robbing us? and fucking WHY?

Nobody knows how much was seized by the US government, nor how much BTC-e might be pocketing here. The US government didn't say, and the latter can't be verified.

There also may be money frozen by Mayzus Financial (supposedly voluntarily) that may become unfrozen in the future if it is not sufficiently tied to the exchange. The volatility of bitcoin right now could definitely also affect the payouts customers receive if they come back, because the losses are being socialized.

[marky89]

I was wondering if there would be a way in future of haveing you funds protected by muti sig such that when you buy sell level is reached, the key then signs on the funds .... I am pretty sure eth does this at the moment.

ahhh decentralized exchanges when?

Well, there is Bitsquare. In time, we will have better ways -- atomic cross-chain swaps and such. But there is no fundamental answer to the problem of hedging bitcoin (or altcoins) against fiat currencies. There's no way to do that without a trusted third party somewhere in the chain. Pegs (like "price floor contracts" which are untenable anyway) require storing funds on exchanges. Tether = Bitfinex. For now, all we want is coin, but there will come another time like 2014 where USD will be king again

Do you refer to BitShares?

They seem to be a single company like that behind Ripple, so I wouldn't trust them much either.

No, not BitShares. Bitsquare: https://twitter.com/bitsquare

It's an open-source desktop app that allows you to trade without third party risk. You can't get anywhere near the liquidity and order matching capabilities of centralized exchanges with it, though. I just googled them and they just re-branded to "Bisq" within the last month, apparently.

[thedreamer]

No, not BitShares. Bitsquare: https://twitter.com/bitsquare

It's an open-source desktop app that allows you to trade without third party risk. You can't get anywhere near the liquidity and order matching capabilities of centralized exchanges with it, though. I just googled them and they just re-branded to "Bisq" within the last month, apparently.

Sadly nobody is using it.

[Lionel]

No, not BitShares. Bitsquare: https://twitter.com/bitsquare

It's an open-source desktop app that allows you to trade without third party risk. You can't get anywhere near the liquidity and order matching capabilities of centralized exchanges with it, though. I just googled them and they just re-branded to "Bisq" within the last month, apparently.

Sadly nobody is using it.

Perhaps because it does not support Fiat ? Or because people perceives it as not safe

[figmentofmyass]

No, not BitShares. Bitsquare: https://twitter.com/bitsquare

It's an open-source desktop app that allows you to trade without third party risk. You can't get anywhere near the liquidity and order matching capabilities of centralized exchanges with it, though. I just googled them and they just re-branded to "Bisq" within the last month, apparently.

Sadly nobody is using it.

Perhaps because it does not support Fiat ? Or because people perceives it as not safe

yeah it could only support pegged coins (which expose you to third party risk anyway). and the other thing is, like openbazaar, no one wants to download a desktop client. they'd rather use their browser (which of course requires centralization).

no easy answers here when most of the liquidity prefers to use well-branded, centralized exchanges with thick order books and good trading engines.

[newhyips]

BTC 4000 Wow... give them to me!

[Qunenin]

Nothing against the site General it just wasn't serving the purposes I hate it. I did notice that the six months or so that I used that site that they did change their security protocols on and off and if they did change some of the terms and conditions and rules for the drawers on occasion basically as more of a precaution to keep themselves getting hurt.

[Sam Weir]

Where can I place bets on Russian big balls delivering?

[YesLOST]

$5000 incoming!

Wonder if we get 65% refund now