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

[Lohoris]

This is much fun: if you find a burglar in your apartment you kindly ask him if he's lost, and if he can kindly put down your laptop, because he must certainly be mistaken: it's yours, not theirs, but that's an understandable mistake.
Lol you're so fun.

I have to reiterate.
I'm seriously worried: if people are so gullible to the extreme, firm in their illusions... we might be doomed.
Not that it wasn't already obvious looking at our polititians, of course.

At least they're proposing possible solutions to this mess.  It sucks for everyone except for whoever it was that stole the 4100 bitcoins.  What would you propose as a solution, Lohoris?  Or are you one of the people who thinks that TradeFortress just absconded with the money himself and is screwing over his investors?

Obviously.
Leaving 4100 BTC in a "hot wallet" makes you have absolutely no clue what you are doing, so either he stole everything (much likely) or he is so incopetent he should be thrown in a jail anyway.

You shouldn't have invested there, all the warnings were up and you didn't listen.

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[420]

Obviously.
Leaving 4100 BTC in a "hot wallet" makes you have absolutely no clue what you are doing, so either he stole everything (much likely) or he is so incopetent he should be thrown in a jail anyway.

You shouldn't have invested there, all the warnings were up and you didn't listen.

*WAS incompetent. obviously someone wouldn't make this kind of mistake twice

[gog1]

For people with long history, when does fiat conversion this starts?  From the beginning of time?

For people who are interested in how the 100% fiat settlement is calculated, here's a worked example:

Deposit 10 BTC on Sep 29th, considered $1430 deposited
Withdraw 1 BTC on Oct 2nd, considered $127 withdrawn
Deposit 1 BTC on Oct 16th, considered $154 deposited

Added together: 1430-127+154=$1457

The $1457 figure would be your re-denominated balance if you choose to accept, which is ~100% of the fiat value. Payment would be made in BTC using the latest MtGox ask.

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

Is this not your email? graet@ozco.in

[🏰 TradeFortress 🏰]

Since you held your account, yes. Arbitrarily deciding a cut off date.. is arbitrarily.

[gene6098]

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.

Hi TF,
    How long is the settlement valid?

[manort]

Hi TradeFortress,

I sent an email confirming my deposit history and my intention to accept a settlement. I look forward seeing a response to my email.

Thanks

[DebitMe]

email sent

[tantanbit]

For people who are interested in how the 100% fiat settlement is calculated, here's a worked example:

Deposit 10 BTC on Sep 29th, considered $1430 deposited
Withdraw 1 BTC on Oct 2nd, considered $127 withdrawn
Deposit 1 BTC on Oct 16th, considered $154 deposited

Added together: 1430-127+154=$1457

The $1457 figure would be your re-denominated balance if you choose to accept, which is ~100% of the fiat value. Payment would be made in BTC using the latest MtGox ask.

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

Is this not your email? graet@ozco.in

,
what's the mean of'' Payment would be made in BTC using the latest MtGox ask.'' which time 's latest MtGox ask, the mean time the email received or the meaning time you send th e payment or i just determine a specific  future time in my  email?

[stenkross]

My guess is that he won't refund anything until the price has bounced up to >$700 again.
I sent my email 2,5hours ago, since then the price has been ~$580-600, needless to say, I got no reply yet.

[DumbFruit]

I did the calculation when I accepted the deal and offered the specific btc amount (200), and then he tried to recalculate to that day because the exchange rate was up.
After doing my best to guilt trip him he gave me what I had asked for in my email to him. (Almost.)

You will get totally screwed (rather than mostly screwed.) if you accept your principal in usd at the time of your deposit with bitcoin as high as it is now.

[tantanbit]

My guess is that he won't refund anything until the price has bounced up to >$700 again.
I sent my email 2,5hours ago, since then the price has been ~$580-600, needless to say, I got no reply yet.

because the raise of btc, he could even extra btc after pay all debet back.really  intelligent idea, and the later you ask  the less you get back.he is robbing us

[ChaosFox]

Well, either way he seems to be prioritizing over those who had large deposits (100 BTC or more) from what I've seen. My emails have been ignored thus far, even when proposing him a similar deal, AND even when the BTC prices were at 900 USD.

[gaston909]

My guess is that he won't refund anything until the price has bounced up to >$700 again.
I sent my email 2,5hours ago, since then the price has been ~$580-600, needless to say, I got no reply yet.

It is bed time over there now.... assuming he really is in the east

Anyway, he doesn't want a "similar" deal, he calculates it exactly according to deposit dates and gx price.

Nobody dealt in $ for a reason so in my opinion it is an unfair and horrible deal, but if people accept it....

Would make sense to prioritise the big holders first - He has already knocked off at least 1000 from CL's debts. Probably more like 2000.

[Progressive]

The time of the transaction in inputs.io history is my local time, or UCT or what?

Do you know any easier method of checking Gox price for given time in a history than looking at the bitcoincharts (zoomed to the particular day)?

I'm trying to count the fiat value at the time of each deposit/withdrawal...

[ChaosFox]

My guess is that he won't refund anything until the price has bounced up to >$700 again.
I sent my email 2,5hours ago, since then the price has been ~$580-600, needless to say, I got no reply yet.

It is bed time over there now.... assuming he really is in the east

Anyway, he doesn't want a "similar" deal, he calculates it exactly according to deposit dates and gx price.

Nobody dealt in $ for a reason so in my opinion it is an unfair and horrible deal, but if people accept it....

Would make sense to prioritise the big holders first - He has already knocked off at least 1000 from CL's debts. Probably more like 2000.

If that meant he could offer a better deal to smaller holders, then it would make sense. Unfair still, but it would make sense. But I get the feeling it won't be that way.

[mobile]

Mr. Tradefortress,

I haven't posted here or emailed you in some time but I did send you an email so look out for it.

[itsBusinessTime]

TF, what are the alternatives to your 100% USD deal?

[gotpetum]

Since you held your account, yes. Arbitrarily deciding a cut off date.. is arbitrarily.

It's also arbitrary to choose USD to re-denominate deposits.

[gaston909]

People often buy BTC to escape USD so to price up a deal in USD must truly be a smack in the face.

[The 4ner]

I emailed him yesterday and I haven't received a response.