CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available

[C10H15N]

I disagree, he did one main deal with DumbFruit to get rid of the scariest legal problem and made a few deals with CL users he was fond of.

I offered to take a huge haircut and even proposed he decide how much and he still doesn't want to make a deal. Something doesn't add up.

LOL - Of course it does.  You just don't like what it is telling you.   

[halfawake]

Nice idea tehelsper, but you're operating on the assumption that TradeFortress isn't operating Coinlenders like a traditional bank.  Traditional banks lend out 90+% of their deposits.  I'm betting TF has done the same, and hasn't gotten paid back yet on all his outstanding loans, which would now be exponentially harder for the people who took out the loans given the insane rise of bitcoins lately. 

I'm aware of that, which is why I want to see the balance sheet to know how much is loaned out. I don't expect immediate payback, I just want to know the loss assuming loans are eventuall repaid. I also have a feeling a lot of the money was put in other investments such as ukyo.loan, which are more liquid but I don't know because he has not published any information. I don't even know what his goal is - does he expect to ever pay back principle?

I support a slow payback plan where TF is transparent. People willing to take large haircuts should be welcome to and all people who don't claim their CL assets should forfeit them after a period of time. Perhaps TF is hiding the info to scare people into taking large losses.

Fair enough.  This all sounds good to me.  TF, any response to this idea? 

[stenkross]

Here's my math:

CL/inputs lost 4.1k XBT's in the attack.
He covered 900 XBT's to pay out to inputs.io users from his own pocket.
DumbFruit the got settled with 200, making a 755 XBT loss.
That alone adds up to 900+755=1,655XBT, a little less than half than the value lost in the attack that has been covered by DumbFruit and TF alone.

A guesstimate from me is that ~1k more of the losses was covered by various inputs.io/CL users making deals and getting partial refunds.
4.1k - 2.6k = 1.5k losses that still remains to be covered by TF or his depositors.

Then of course, we have the matter of any defaulted loans and owned securities that cannot be traded due to close down of BF.

[gaston909]

I have offered a huge haircut.... no reply.

Main CL deals done so far are CLers he knows on the forum and the big dumbfruit lawsuit.

Suggested he make his own proposal for immediate repay, no reply.

I don't think its as simple as your maths but I do have BTC address's for TF that cover most of the remaining balance even without haircuts. If he refuses to reply to my insane offers I can only conclude he is delaying for some reason.

I don't know what that reason is.

[tantanbit]

show us  the address

[ChaosFox]

I have the feeling he's speculating with whatever BTC he has left, and he's waiting for a huge crash so he can pay us then.  

TF, I hope I'm wrong. But you haven't replied to my email yet. I'll wait until tomorrow and send it again.

[420]

I have the feeling he's speculating with whatever BTC he has left, and he's waiting for a huge crash so he can pay us then.  

TF, I hope I'm wrong. But you haven't replied to my email yet. I'll wait until tomorrow and send it again.

fine with me. he's going to be overloaded with all the messages and threads and attemps to contact and threaten him. thats not going to help

[Vod]

other people get this message to email him?

User 'TradeFortress' has blocked your personal message.

You won't get that if you email him - just if you try to PM on the forum.

[bradyon]

Idea: Give a 30 day window for CL users to log in and set up a payment address. Then, every Wednesday after Asicminer (or other investments) pays dividends, pay out to the addresses on file and decrement the amount from the CL balanace. That would give users an idea of the rate we gets paid back without diclosing all your investments. We would also feel much better about seeing something being returned. Also, send out an E-Mail letting users know this and anyone who doesn't provide a payment address in the allotted timeframe forfeits repayments until they do.

Yes, that would be OK for me. I need a few coins really soon but can wait very long for the remaining 95%. The key is that we need to get some of our coins back to kill a little bit of our anxiety and fulfill some of our immediate needs.

[bradyon]

Here's my math:

CL/inputs lost 4.1k XBT's in the attack.
He covered 900 XBT's to pay out to inputs.io users from his own pocket.
DumbFruit the got settled with 200, making a 755 XBT loss.
That alone adds up to 900+755=1,655XBT, a little less than half than the value lost in the attack that has been covered by DumbFruit and TF alone.

A guesstimate from me is that ~1k more of the losses was covered by various inputs.io/CL users making deals and getting partial refunds.
4.1k - 2.6k = 1.5k losses that still remains to be covered by TF or his depositors.

Then of course, we have the matter of any defaulted loans and owned securities that cannot be traded due to close down of BF.

Well, with this numbers in mind, the scenario looks even KIND OF reversible after some time.

Iwant to believe TF is doing his best.

[skitchen]

Here's my math:

CL/inputs lost 4.1k XBT's in the attack.
He covered 900 XBT's to pay out to inputs.io users from his own pocket.
DumbFruit the got settled with 200, making a 755 XBT loss.
That alone adds up to 900+755=1,655XBT, a little less than half than the value lost in the attack that has been covered by DumbFruit and TF alone.

A guesstimate from me is that ~1k more of the losses was covered by various inputs.io/CL users making deals and getting partial refunds.
4.1k - 2.6k = 1.5k losses that still remains to be covered by TF or his depositors.

Then of course, we have the matter of any defaulted loans and owned securities that cannot be traded due to close down of BF.

Well, with this numbers in mind, the scenario looks even KIND OF reversible after some time.

Iwant to believe TF is doing his best.

If the numbers quoted were posted from TF I'd almost believe he is doing his best, his lack of response is the only reason I am not satisfied - I don't really care at all about interest payments or even really how long it'll take to get principal back, what I care about is the fact TF does not respond with any ACTUAL INFORMATION which only leads me to think he either fucked up more than we know (Read: More than he is letting us know) or the 'hack' was actually performed by himself and it makes his life easier to hide behind the forum.

[C10H15N]

I want to believe TF is doing his best.

I'm sure he is.  I'm just not sure for who.

[ninjaboon]

other people get this message to email him?

User 'TradeFortress' has blocked your personal message.

I got this too. So I have sent TF an email.

[Vod]

other people get this message to email him?

User 'TradeFortress' has blocked your personal message.

I got this too. So I have sent TF an email.

Everyone will get that.  TF has blocked all PMs - he prefers email.

[scousesmoker]

Still no response to my e-mails either regarding updates on our potential CL balances and also offering a 50% cut on the 5 coins I have in there(5 coins is a lot to me)

Quite sceptical as to wether I'll see any of those coins again and at this exchange rate I'll likely never see 5BTC again

[🏰 TradeFortress 🏰]

Still no response to my e-mails either regarding updates on our potential CL balances and also offering a 50% cut on the 5 coins I have in there(5 coins is a lot to me)

Quite sceptical as to wether I'll see any of those coins again and at this exchange rate I'll likely never see 5BTC again

I've responded and processed to all emails where we both agreed on a 100% refund of the USD amount (calculated at time of deposit / withdrawals).

[🏰 TradeFortress 🏰]

You didnt reply to mine. I agree to that.

Please email me stating that you accept this offer as full settlement for your CoinLenders balance and we can proceed. Note that this is lower than the last offer you made to me.

[gaston909]

my last deposit was 7 coins only a week or so ago... can you tell me exactly what I am agreeing to then please because our maths is obviously different.

[wuala]

Still no response to my e-mails either regarding updates on our potential CL balances and also offering a 50% cut on the 5 coins I have in there(5 coins is a lot to me)

Quite sceptical as to wether I'll see any of those coins again and at this exchange rate I'll likely never see 5BTC again

I've responded and processed to all emails where we both agreed on a 100% refund of the USD amount (calculated at time of deposit / withdrawals).

I'd like to have a 100% refund of the USD amount. What was the USD quote at 10-29-2013? If you remember, I asked for a full refund 10-19, and after two partial refunds, I asked you to deposit the pending amount back to CL.

[Graet]

Update

The situation is I'm facing extreme difficulties in getting most borrowers to honor their obligations - the BTC rally doesn't help. To name a few that have been impossible to reach (when talking about their debt):

https://bitcointalk.org/index.php?action=profile;u=70557
https://bitcointalk.org/index.php?action=profile;u=17548
https://bitcointalk.org/index.php?action=profile;u=70541
https://bitcointalk.org/index.php?action=profile;u=35121

(Borrowers can deposit to CL via BTC address).

Many security issuers like CreativeX have gone missing, but thankfully in the past days Deprived and arij came back, and Crypto-Trade divs have been successfully paid on their own exchange. ASICMINER isn't doing well which is the collateral for many (defaulted) loans.

The reason why there's no email update is that I'm primarily waiting for other people that are not responsive, which results in having to pass on the non-responsiveness. All of CL's liquid coins were stored on Inputs and what's remaining are debts and assets that took a significant wipe (we still have borrowers that are communicative, thank you!, but the BTC rally is definitely hurting them and us, especially modification proposals).

I cannot find any communication from TradeFortress
I have not borrowed anything from coinlenders
TradeFortress or coinlenders may have purchased graet.loan on bitfunder - but I do not have a list of holders.
as explained in the graet.loan thread I was able to redeem graet.loan when only 1 ort 2 people at at time asked. Since the changes at BitFunder I have been flooded with requests and am unable to fulfill them all.

People that did due diligence know the aim of graet.loan was to be mainly repaid by mid 2014 - I am making arrangements to be able to continue with that goal in mind after bitfunder closes