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C10H15N
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November 11, 2013, 10:20:27 AM |
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^^^ - now that's funny
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Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
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gaston909
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November 11, 2013, 10:41:43 AM |
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* Borrowers don't have an obligation to repay ASAP, however I'm working to allow the best actions to be taken given the situation. * Dumping all assets asap isn't a smart idea, there's not enough liquidity for it except for deposits like JD. * All failed withdrawals should have been re-credited back to your account. * All CDs have been terminated with the fee rebates paid as of today. * Please wait for an email update. You don't need to email me, any CL user with a balance will receive a mass email.
Thanks for the update Tradefortress! I am see my balance, I am just happy to get my principal (of course I would like more but). Phew I looking forward to the email. <Insert Impatient Sonic the Hedgehog .gif tapping his foot> Aha, the interest was changed on all to reflect the 0.001... well that makes more sense.... its a shame but understandable. Lets just write the interest off a contribution to inputs users but for those of us who had a CD locked away for months with now effectivley zero return. It would make it hard to take a haircut. Despite the mistakes here, TF deserves more credit than he is getting in the last few days.
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stenkross
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November 11, 2013, 10:48:55 AM |
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Despite the mistakes here, TF deserves more credit than he is getting in the last few days.
I agree with you, the email I sent him was replied to almost instantly, and he seem to be doing all he can to make this whole story as free from financial pain as possible. That being said, I am waiting until I get more information about our refunds or get my BTC's out before I decide if he should be called a hero or a scammer.
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gaston909
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November 11, 2013, 02:15:15 PM |
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Instead of closing, TF should run coinlenders and after he repaid CD holders, he should use the future profit to repay inputs users.
Hmm if that was feasible he would probably not be terminating the CD's and cancelling the interest..... right? Some of my CDs were locked in until the end of December.... he has given himself less time to liquidate as opposed to more.
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001sonkit
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November 11, 2013, 02:45:42 PM |
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At least you can't see he liquidate his ASICMINER shares for now, those direct one. There SHOULD be asset there could liquidate.
See, just be patient. I know that guys have been a bit skeptic with the "thing" Tradefortress. If I were an Inputs.io depositer, I'd have be one of you. So far he had done what he claimed he should do have done. He HAVE to wait for most of the Inputs user to file their claim before Coinlenders figure out what should be claimed. If you dox him out to the government before he have a chance to sell his stash and pay us back. You are literally giving out your coin and asset held by TF to the damned government. Just be patient, this isn't how the world works. Take a look in his profile once in a while see if he sold his stash of ASICMINER yet. It takes time.
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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danieldaniel
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November 11, 2013, 03:34:14 PM |
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At least you can't see he liquidate his ASICMINER shares for now, those direct one. There SHOULD be asset there could liquidate.
See, just be patient. I know that guys have been a bit skeptic with the "thing" Tradefortress. If I were an Inputs.io depositer, I'd have be one of you. So far he had done what he claimed he should do have done. He HAVE to wait for most of the Inputs user to file their claim before Coinlenders figure out what should be claimed. If you dox him out to the government before he have a chance to sell his stash and pay us back. You are literally giving out your coin and asset held by TF to the damned government. Just be patient, this isn't how the world works. Take a look in his profile once in a while see if he sold his stash of ASICMINER yet. It takes time. Just like Pirate, right? Just like MyBitcoin, right? Just like <insert Bitcoin wallet/investment service here>, right? Just be patient. The inputs.io customers victims aren't getting their 4100 BTC back. You might as well try and get him in jail while you can (and not give him more time to spend the cash that he just got).
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001sonkit
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November 11, 2013, 03:36:36 PM |
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Get him in jail and get nothing back. Nice lose lose situation. He still got some of his CL investment in Just Dice (Thanks TwinWinnerD for correction), unpaid back loans, unliquidated stocks.
Inputs and CL is a different case, if you would like to talk about inputs, switch thread. This is not where you should talk about it.
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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November 11, 2013, 03:37:25 PM |
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he has no funds in Justdice.
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001sonkit
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November 11, 2013, 03:43:46 PM |
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he has no funds in Justdice.
oh... well... Sorry, my fault. JD have to confiscate some since inputs was compromized. My point is that there are still locked up assets. All we can do is just wait and see how much we can get.
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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gaston909
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November 11, 2013, 05:41:31 PM |
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I just got my full balance in CL out (over 20 BTC). Although transaction hasn't been confirmed yet, I now declare that TF has earned my full trust.
did you mail coinlenders support? I mailed to support@inputs.io
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The 4ner
aka newbitcoinqtuser
Hero Member
Offline
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
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November 11, 2013, 05:47:17 PM |
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Instead of closing, TF should run coinlenders and after he repaid CD holders, he should use the future profit to repay inputs users.
I agree! He can still use CL to make a profit and repay Inputs users. However I feel if he were to do this the amount of profit will be gradual and not a a fast enough pace for Inputs.io victims whom demand their BTC be repaid ASAP.
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dwdoc
Legendary
Offline
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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November 11, 2013, 05:55:59 PM |
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Instead of closing, TF should run coinlenders and after he repaid CD holders, he should use the future profit to repay inputs users.
I agree! He can still use CL to make a profit and repay Inputs users. However I feel if he were to do this the amount of profit will be gradual and not a a fast enough pace for Inputs.io victims whom demand their BTC be repaid ASAP. By "TF should run coinlenders" I assume you mean he should continue to collect loans due and pay back depositors. Noone is going to make more deposits to CL.
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xan_The_Dragon
Sr. Member
Offline
Activity: 322
Merit: 250
I AM A DRAGON
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November 11, 2013, 05:58:38 PM |
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Update, It appears he refilled the cl balance this is what i thought from the beginning. it was clear that some funds were still able to be moved out of inputs.io for quite some time after "the hack." TF continuing to accept deposits while letting others (and himself) cash out, and this goes on for weeks until the pyramid collapses? TF deserves a scammer tag unquestionably.
No. I haven't moved coins out of Inputs personally. The coins I did "move out" are (i) routine signature ad payments, (ii) wallet refill of coinchat/coinlenders, (iii) CL associated payments and (iv) coins moved to reduce hot pocket amount that are now being used to repay users. Everyone who was aware of the hack previous to the public announcement were not Inputs users.
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MfFMEpgL5Ma9C2yw6iSsSX4QcbSVzjm6iK
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The 4ner
aka newbitcoinqtuser
Hero Member
Offline
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
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November 11, 2013, 06:00:45 PM Last edit: November 12, 2013, 01:01:40 AM by The 4ner |
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Instead of closing, TF should run coinlenders and after he repaid CD holders, he should use the future profit to repay inputs users.
I agree! He can still use CL to make a profit and repay Inputs users. However I feel if he were to do this the amount of profit will be gradual and not a a fast enough pace for Inputs.io victims whom demand their BTC be repaid ASAP. By "TF should run coinlenders" I assume you mean he should continue to collect loans due and pay back depositors. Noone is going to make more deposits to CL. That's true to. When is TF paying us what we have displayed on our Cl accounts?
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gaston909
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November 11, 2013, 06:13:37 PM |
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Instead of closing, TF should run coinlenders and after he repaid CD holders, he should use the future profit to repay inputs users.
I agree! He can still use CL to make a profit and repay Inputs users. However I feel if he were to do this the amount of profit will be gradual and not a a fast enough pace for Inputs.io victims whom demand their BTC be repaid ASAP. By "TF should run coinlenders" I assume you mean he should continue to collect loans due and pay back depositors. Noone is going to make more deposits to CL. Might need a re-brand
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DumbFruit
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November 11, 2013, 06:16:16 PM |
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Two things;
-TradeFortress owes his customers principal + interest. He can't just pretend interest didn't happen in his calculations.
-If CoinLenders users would like to give up the interest they accrued to Inputs.io users that is their decision when they are paid back, but if TradeFortress does it, that is theft.
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By their (dumb) fruits shall ye know them indeed...
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Funky Al
Full Member
Offline
Activity: 142
Merit: 100
It takes a tough man to make a tender chicken.
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November 11, 2013, 07:26:14 PM |
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I'd be happy with just my initial deposit back.
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ninjaboon
Legendary
Offline
Activity: 2114
Merit: 1002
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November 11, 2013, 07:39:36 PM |
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I'd be happy with just my initial deposit back.
Same here or we'll be having the same topic over at http://bitcoinsingapore2013.com this Friday.
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CryptoUser01
Newbie
Offline
Activity: 26
Merit: 0
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November 11, 2013, 08:14:01 PM |
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Two things;
-TradeFortress owes his customers principal + interest. He can't just pretend interest didn't happen in his calculations.
-If CoinLenders users would like to give up the interest they accrued to Inputs.io users that is their decision when they are paid back, but if TradeFortress does it, that is theft.
DumbFruit, I agree--it should be principal + interest. I would agree that if the CD is terminated then that user has the right to remove the BTC balance shortly after that. I'd be OK not getting future (not yet earned) interest as long as I can get my BTC back with interest earned at current date. I don't think we can expect him to continue offering the service to the life of a CD based on the current situation. I do notice my CL balance appears correct based on the fact that the CDs are now terminated. I had 3 roughly 1 week apart. The last one would have ended on 11/28. Each CD is between 1.1 and 1.2 BTC. That being the case, I did not earn the additional ~0.05 BTC. I guess at this point, we need to get BTC back in a few days time otherwise, yes we should be earning interest again. Further, should we only get partial BTC back, we should continue to earn interest on remaining amount until it is received. We gave loans with interest to CL and CL gave loans to users with higher interest. We don't need to get cut out of the loop unless we get our BTC back. It seems that so far TradeFortress is trying to do something about this situation. I hope that he learns something from this situation. If he is as young as he claims then I think he has a good future ahead of him if he does the right thing here and works to rectify this. CryptoUser01
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