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Author Topic: CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available  (Read 111008 times)
bradyon
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November 08, 2013, 02:34:24 AM
 #341

What other business? Coinchat has no funds.

Does he have anything related to BTCINVEST or others? (sorry, Im not an expert)
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November 08, 2013, 02:55:25 AM
Last edit: November 08, 2013, 03:39:21 AM by dwdoc
 #342

What other business? Coinchat has no funds.

Does he have anything related to BTCINVEST or others? (sorry, Im not an expert)

Any remaining BTCINVEST funds were being distributed to those shareholders. Unfortunately that was taking place at Coinlenders. That's a whole other group of potential angry bag holders. This is an epic clusterf-ck.
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November 08, 2013, 03:26:55 AM
 #343

...I want to think that TradeFortress is solid eough on his other business to (at some point) restore everybody´s funds and rise again (just like us) from the ashes. Embarrassed
I like to think this as well but how do you gather 4100BTC (worth over $1,000,000USD in todays exchange rate) to do that. Not trying to sound emo but I am a person of hope but this seems hopeless.

Any remaining BTCINVEST funds were being distributed to those shareholders. Unfortunately that was taking place at Coinlenders. That's a whole other group of potential angry bag holders. This is an epic fiasco.
Epic doesnt even sum it up. One day, when I have any BTC to my name once again, this fiasco will have forever changed the way I view, use, store and handle any sort of crypto holdings. Somebody please wake me up. Black Thursday...

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assortmentofsorts
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November 08, 2013, 04:11:42 AM
Last edit: November 08, 2013, 06:00:59 AM by assortmentofsorts
 #344

...I want to think that TradeFortress is solid eough on his other business to (at some point) restore everybody´s funds and rise again (just like us) from the ashes. Embarrassed

It won't be that easy. With the price of bitcoin sky-rocketting it'll be hard for TF to recover 4100BTC as people will not want to let go of their coins as easily as before... however good the business idea might be. If he isn't a scammer, and he genuinely got hacked (which i don't think so), his only hope is for waiting for BTC value to crash so he can purchase those coins at a lesser rate and refund all those who lost their coins. But this ain't ever going to happen... so sadly you guys have to say goodbye to your coins.

He was stupid enough to set passwords for authenticating into inputs.io instead of using SSH (from: http://www.wired.com/wiredenterprise/2013/11/inputs/). Even bigger stupidity is refunding his customers with 0 fees (https://blockchain.info/address/1GLadosEkeAsLReqS3yQ51E1R3wVtbJCDF). Now those coins will be stuck in a limbo (unless there is a miner gracious enough to allow 0 fee transactions).

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November 08, 2013, 04:25:40 AM
 #345

...I want to think that TradeFortress is solid eough on his other business to (at some point) restore everybody´s funds and rise again (just like us) from the ashes. Embarrassed

It won't be that easy. With the price of bitcoin sky-rocketting it'll be hard for TF to recover 4100BTC as people will not want to let go of their coins as easily as before... however good the business idea might be. If he isn't a scammer, and he genuinely got hacked (which i don't think so), his only hope is for waiting for BTC value to crash so he can purchase those coins at a lesser rate and refund all those who lost their coins. But this ain't ever going to happen... so sadly you guys have to say goodbye to your coins.

He was stupid enough to set passwords for authenticating into inputs.io instead of using SSH (form: http://www.wired.com/wiredenterprise/2013/11/inputs/). Even bigger stupidity is refunding his customers with 0 fees (https://blockchain.info/address/1GLadosEkeAsLReqS3yQ51E1R3wVtbJCDF). Now those coins will be stuck in a limbo (unless there is a miner gracious enough to allow 0 fee transactions).

Some of these 0-fee refund transactions have already confirmed. They are taking quite a long time, but they're slowly confirming.
I think that TF is thinking is that if he's planning to send many refund transactions, the transaction fees from the transactions could add up for one more person's refund or something.
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November 08, 2013, 04:31:15 AM
 #346

I don't really care if it takes longer, so as long as they get sent at all  Undecided Though if he's manually processing the refunds, it would probably be a nice bit of extra courtesy to ask if the involved party would be interested in spending a bit further from his refunded amount as a fee so they get to see and use their money faster.

Also: Any official announcements from TF in regards to CoinLenders? I know someone said he'd process CL refunds next week, but a first-hand confirmation would be nice.

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November 08, 2013, 04:36:11 AM
Last edit: November 08, 2013, 05:39:03 AM by dwdoc
 #347

Now that the press has found him I wouldn't be surprised if he lawyers up and drops out of site. Sad

ps-just noticed that no "fee rebate" (interest) was applied to my coinlenders balance on 11/6 and 11/7 but interest was posted today 11/8. Must by running on autopilot...
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November 08, 2013, 06:06:42 AM
 #348

Now that the press has found him I wouldn't be surprised if he lawyers up and drops out of site. Sad

ps-just noticed that no "fee rebate" (interest) was applied to my coinlenders balance on 11/6 and 11/7 but interest was posted today 11/8. Must by running on autopilot...

That's certainly a possibility. I don't know anymore. Also, I think it's irresponsible to keep CoinLenders' website just as if nothing had happened, no warning... no nothing. Hoping it's just because he's giving greater priority to Inputs at this moment.

Makes me wonder if he's planning to pay some of the refunds off "fee rebates" once he collects any more loans.  Huh

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November 08, 2013, 06:43:17 AM
 #349

All CL users with a balance (in the form of CDs, balances, withdrawals, to Inputs that weren't credited) will receive an email update within a week.
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November 08, 2013, 07:01:18 AM
 #350

All CL users with a balance (in the form of CDs, balances, withdrawals, to Inputs that weren't credited) will receive an email update within a week.
Many thanks!!!!!

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thisisgil
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November 08, 2013, 08:45:57 AM
 #351

All CL users with a balance (in the form of CDs, balances, withdrawals, to Inputs that weren't credited) will receive an email update within a week.

Thanks for the update - I appreciate being kept in the loop.

Good luck and sorry to hear about your loss.

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November 08, 2013, 09:16:02 AM
 #352

All CL users with a balance (in the form of CDs, balances, withdrawals, to Inputs that weren't credited) will receive an email update within a week.
thanks
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November 08, 2013, 09:17:21 AM
 #353

All CL users with a balance (in the form of CDs, balances, withdrawals, to Inputs that weren't credited) will receive an email update within a week.

You had 2 weeks allready to shut the fucking site down and not let us make any more transactions/investments to it, yet you still keep it running.
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November 08, 2013, 09:30:26 AM
 #354

All CL users with a balance (in the form of CDs, balances, withdrawals, to Inputs that weren't credited) will receive an email update within a week.

TF,very thanks!
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November 08, 2013, 09:57:04 AM
 #355

Thanks for the reply TF but as an Avalon batch 3 customer I'm wary about what an upcoming email update will give me in the form of tangible benefits.

It's nice to see you're communicating though, hope this all works out in the end.

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November 08, 2013, 10:19:24 AM
 #356

what happens to our bitcoins which are still on coinlenders.com?
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November 08, 2013, 10:20:11 AM
 #357

what happens to our bitcoins which are still on coinlenders.com?
Please read the replies for this week, any questions. Ask again

GEMINI ACCOUNT REVIEW - Source of Funds Request
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November 08, 2013, 11:16:14 AM
 #358

TF, at least put up a big "CL will not accept new deposits and loan applications, please hold on while I sort this mess" sign on the front page like you did for inputs.io. Letting the site run like nothing happened is very misleading if not offensive.
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November 08, 2013, 11:31:02 AM
 #359

100% CL balances will be refunded or just partial?
partial prob.
Hopefully this depends on the amount of coins the were stored in our CL. If it was a substantial amount then most likely we'll get %100 reimbursed.
If it was a larger amount then I'd say he's bound to repay us small amount up front and hopefully gradually repay the rest. 

Well, looking at this article: http://www.coindesk.com/hackers-steal-bitcoins-inputs-io-wallet-service/ he is doing the opposite for inputs.io users.
A "sliding scare" where if you lost 1XBT you get 74%, 2XBT give you 65%, etc.

Personally I will hold TF accountable for anything but a 100% refund.
Time is not an important aspect for me, if it takes weeks or months to get full refund is ok, as long as I get it.
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November 08, 2013, 11:41:56 AM
 #360

I warned you, guys...
PSA: OP is paving the way to steal all your coins.
Me too, though I'm lazy enough not to search for my numerous posts on the subject.

He'll obviously use the "Everything was fictional anyway" defense in court, against his users, exactly like I suspected.

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