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Author Topic: Open letter to CEO of kraken Jesse Powel  (Read 62 times)
pinarello
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March 27, 2018, 05:16:27 PM
 #1

WARNING: before reading below letter first read and agree on the disclaimer below this letter! By replying or reacting on this letter you admit that you agreed on the disclaimer.

Don’t get kraked.

Jesspow your responsibility is tremendous not only to the customers of kraken but the whole BTC community (and people that got goxed) as you playing with the future of BTC and our money. Knowing and confirmed by yourself that kraken trading platform is full of bugs and errors even beyond repair you still take people’s money and think you going to get away with this, think again.

You can say that is the costumers own fault, BUT…. There is a side effect!

The many pending lawsuits against kraken (in silence because of obligated arbitrary procedure) will start to see the light and trigger more alarm bels on the governments side, the risk of being shut down by them is real and plausible. But on the Kraken Titanic, the band keeps playing, refuse to settle the many cases blaming the costumers, and stay open for business even with malfunctioning software bugs.
You just simply cannot run business earn huge amounts of money without any responsibility or obligations no matter what your disclaimers saying, juridical kraken disclaimer is one sided and UNREASONABLE for customers, it can be annulled before court.

I lost 25000$ and all claims by now reached to over millions of dollars, not because of bad trades but because of kraken malfunctioning trading platform that should be shut down instantly it is simply not working and you knew it back then and you know it now, but did not inform the users. I tried to settle this but did not get any answers from you nor your “helpdesk” which is not very helpfully at all. I am not the only one in this case and claims reach millions of dollars by now.

The plaintiffs filled @ https://www.consumerfinance.gov/complaint/getting-started  the government reached unknown limits and kraken is under investigation by them.

Saying it is the customers fault to trade on kraken in the first place is bad management, you should advertise this on your website, people don’t trade here we only take your money without any responsibility our trading platform is not working and full of error and bugs but we don’t give a ***, we only want your money. Acts like this are the downfall of bitcoin and is why governments want regulations.
After mtgox BTC was getting tremendous hits and people are turning their back to BTC never to return,  soon BTC will be an elite club of big rich owners but there will be no more people that want anything to do with BTC., forget about wide adoption, BTC maybe will survive but It will be on a darkside in illegality run by an elite of criminals and eventually restrictions and regulations will kill it, it will tumble into obscurity and illegality. Some already think BTC is too big to fail, well think again.

Soon we will see BTC tumble to 2800 $ which is still to high. So it is not bitcoin that failed it are the greedy arrogant people and badly managed exchanges, malfunctioning trading platforms hacks and thefts that killed it.
One day I was a believer (and I still am in BTC) but it are the malicious exchanges and the people who run them that are responsible for its downfall. So we got goxed, kraked and darksided,

BTC is on life support and kraken will give it its final blow. I hope everyone get out safely and can go on with normal life without bitcoin. Withdraw your money from these exchanges as they soon all will be shut down by the governments and with good reasons, not because of BTC but because they steal your money..

Disclaimer: because of a malfunction in my brain I can and shall not be held responsible for what I wrote.

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March 27, 2018, 06:57:20 PM
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It's normal for you to be angry, disappointed and want your problem solved as soon as possible. This is understandable, but you can not be spreading fear and telling people that they should sell their bitcoins because bitcoin will fail. you do not have proof that bitcoin will fail and bitcoin is not to blame if some exchange provides low quality services and you know that even if kraken disappeared? there are many other options

Disclaimer: because of a malfunction in my brain I can and shall not be held responsible for what I wrote.

calm down and think positive, bitcoin has good technology and can give you profits in the future.

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March 27, 2018, 07:43:20 PM
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One day I was a believer (and I still am in BTC) but it are the malicious exchanges and the people who run them that are responsible for its downfall. So we got goxed, kraked and darksided,
You're right.Malicious exchanges are the reason people tend to lose their money and that has nothing to with bitcoin.You are solely responsible for your loss as it has been said repeatedly to not trust exchanges with amounts you can't afford to lose!

Take care of yourself as crying over spilled milk doesn't help.

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pinarello
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March 28, 2018, 05:02:26 AM
 #4

Quote
One day I was a believer (and I still am in BTC) but it are the malicious exchanges and the people who run them that are responsible for its downfall. So we got goxed, kraked and darksided,
You're right.Malicious exchanges are the reason people tend to lose their money and that has nothing to with bitcoin.You are solely responsible for your loss as it has been said repeatedly to not trust exchanges with amounts you can't afford to lose!

Take care of yourself as crying over spilled milk doesn't help.


We will see who will be crying in a few months. oyu all are to blind to see there is no more volume in trading bitcoin and when they are no byers this goes only one way.

once bitcoin get arround 5800$ it will trigger a tremendous selloff back to 50$ or less, i am not spreading fear this is what you can see if you not blinded and open minded

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March 28, 2018, 02:05:49 PM
 #5

it will trigger a tremendous selloff back to 50$ or less

Time to set huge buy orders at $100 then Tongue
Seriously, the only reason it would go that low would be either a serious issue with the code itself. (One of the crypto algorithm gets cracked)
Or .. end of the times. But that day, nothing will really matter.

There is no way it goes back to below $50. This was bitcoin price in 2013 and since then it grew a lot.

Good luck with Kraken.

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pinarello
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March 29, 2018, 04:08:51 AM
 #6

it will trigger a tremendous selloff back to 50$ or less

Time to set huge buy orders at $100 then Tongue
Seriously, the only reason it would go that low would be either a serious issue with the code itself. (One of the crypto algorithm gets cracked)
Or .. end of the times. But that day, nothing will really matter.

There is no way it goes back to below $50. This was bitcoin price in 2013 and since then it grew a lot.

Good luck with Kraken.


I feel more sorry for you, that you did not sell while knowing it goes back down

good luck to you too

pinarello
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March 29, 2018, 03:17:14 PM
 #7

it will trigger a tremendous selloff back to 50$ or less

Time to set huge buy orders at $100 then Tongue
Seriously, the only reason it would go that low would be either a serious issue with the code itself. (One of the crypto algorithm gets cracked)
Or .. end of the times. But that day, nothing will really matter.

There is no way it goes back to below $50. This was bitcoin price in 2013 and since then it grew a lot.

Good luck with Kraken.


I feel more sorry for you, that you did not sell while knowing it goes back down

good luck to you too


nothing to be worried, just everyone is selling whille you hope it will go back up, listen this is not going to happen this is one way, down to 10$

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