[ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE

[CrytoEnthusiast]

The Stablecoin subreddit is being renovated, have a look: http://www.reddit.com/r/StableCoin/

Yay, this was long overdue

[Ximp]

The Stablecoin subreddit is being renovated, have a look: http://www.reddit.com/r/StableCoin/

It looks quite fine, if I do say so myself.

[Catswold]

The Stablecoin subreddit is being renovated, have a look: http://www.reddit.com/r/StableCoin/

It looks quite fine, if I do say so myself.

Excellent!  Job well done.

[oncebitcoinedtwiceshy]

The Stablecoin subreddit is being renovated, have a look: http://www.reddit.com/r/StableCoin/

Good to see it moving forward.

On another topic, do we know who controls the Facebook page? Is it a member we'd recognise from here or someone else?

[forcefedvr6]

Hey,  couple of noob questions about the fork.

If I was mining SBC out of the cryptoculture pool to cryptsy through Dec. 21st,  and then sold them on cryptsy a couple days ago are those coins good or not?  

I also sent coins from my 1.3 wallet to cryptsy back on the 12th and the 18th and sold them back then, are they good?

(Just to clarify,  the coins were all mined out of the pool. Some then went to my wallet, then to cryptsy,  others went directly to cryptsy.)

Also am I supposed to delete the old stablecoin qt program and wallet, or just run the new update program over top of it and that is it?

[Catswold]

Yeah, all of those coins should be good.  The problematic fork didn't occur until the 23rd.

As for the other, back up your wallet.dat, then just install the new prog.  Go to the new directory and replace the new wallet.dat with your backup.

[chocobo]

I just bought 12k SBC on cryptsy while the withdrawal/deposits were down two days ago. Are those ok?

[zavtra]

I just bought 12k SBC on cryptsy while the withdrawal/deposits were down two days ago. Are those ok?

They likely are, as internal trades are fine on Cryptsy.

In other news, it's great to see all the activity this thread is getting lately.

The unfortunate problems have brought out all of its supporters from the woodworks, and does show the general support from the community that SBC has.

[merc82]

Cryptsy is understandably looking to reclaim the lost SBC during the fork.. unfortunately I believe they are going about it the wrong way.

Thus far the only response I got from Cryptsy in this regard was "mine or deposit more to make up for the difference". Unfortunately, the present difference is -4k SBC (which is an error, as I've never had that much in my history with Cryptsy). I've informed them I'm not going to pay back the SBC itself, but am willing to re-deposit any btc that was gained with the forked SBC coin. Hope this gets resolved, I think forcing users to buy/re-pay bad SBC with new SBC may artificially inflate the market.

[oncebitcoinedtwiceshy]

Celebrate: this thread has now broken 40k views

[Catswold]

This is the ultimate problem with completely open and free markets.  Eventually there will have to be some controlling legal authority over the alt-coin trade--self-regulation hopefully.

This is not the first fork ever to have occurred in alt-coin history.  The operators of Cryptsy should be well aware of the risks involved in running an exchange for unregulated "currencies."  Therefore, in choosing to operate in this environment and under those conditions, the onus for making up the loss rests with them.

We don't, however want to see them driven out of business.  The losses weren't their fault.  

Your offer seems a reasonable one.

Ultimately this whole thing was due to insufficient communications among all concerned.  Partly, this is attributable to the time of year, but also it is due to a lack of participation within the community.

As soon as 1.4 was announced, I notified Ortchi who operates the coin-base pool where I was mining at the time.  I shortly received the notification that he had upgraded.  I wonder if anyone else notified their pool operators.

Clearly Cryptoculture was caught off-guard.

[1Kb]

I informed Cryptsy and my pool on the 24th with a link to this forum via twitter.

[Catswold]

I informed Cryptsy and my pool on the 24th with a link to this forum via twitter.

Yeah, the problem is, the fork happened on the 23rd, so the damage was already done.

[jp26]

Cryptsy is understandably looking to reclaim the lost SBC during the fork.. unfortunately I believe they are going about it the wrong way.

Thus far the only response I got from Cryptsy in this regard was "mine or deposit more to make up for the difference". Unfortunately, the present difference is -4k SBC (which is an error, as I've never had that much in my history with Cryptsy). I've informed them I'm not going to pay back the SBC itself, but am willing to re-deposit any btc that was gained with the forked SBC coin. Hope this gets resolved, I think forcing users to buy/re-pay bad SBC with new SBC may artificially inflate the market.

For me, Cryptsy has negative balance on SBC with an equal amount "pending." I can't withdraw BTC in the mean time.

Shared a number of messages with BitJohn between the 25th and 27th regarding SBC that were uncredited after the fork. Those were resolved and sold early yesterday. The negative balance that showed up late yesterday is for a greater number of SBC.

Am I to understand that once we get past a certain block the "pending" will be credited to the negative balance? Or is it the case that the outstanding balance is a loss?

This all seems abstract with no clear answer. I mine on sbc.pnwminer.com. They upgraded to 1.5 on the 25th.

Any ideas from those who've been around longer than me?

[CrytoEnthusiast]

Back in Cryptsy for now

[jp26]

Cryptsy is understandably looking to reclaim the lost SBC during the fork.. unfortunately I believe they are going about it the wrong way.

Thus far the only response I got from Cryptsy in this regard was "mine or deposit more to make up for the difference". Unfortunately, the present difference is -4k SBC (which is an error, as I've never had that much in my history with Cryptsy). I've informed them I'm not going to pay back the SBC itself, but am willing to re-deposit any btc that was gained with the forked SBC coin. Hope this gets resolved, I think forcing users to buy/re-pay bad SBC with new SBC may artificially inflate the market.

For me, Cryptsy has negative balance on SBC with an equal amount "pending." I can't withdraw BTC in the mean time.

Shared a number of messages with BitJohn between the 25th and 27th regarding SBC that were uncredited after the fork. Those were resolved and sold early yesterday. The negative balance that showed up late yesterday is for a greater number of SBC.

Am I to understand that once we get past a certain block the "pending" will be credited to the negative balance? Or is it the case that the outstanding balance is a loss?

This all seems abstract with no clear answer. I mine on sbc.pnwminer.com. They upgraded to 1.5 on the 25th.

Any ideas from those who've been around longer than me?

Follow up. Just signed back in and received notification that user BigVern credited my account for the negative balance. He's busy enough so I'll just thank him and Cryptsy here. My BFL little single died today so a little good news was nice to get.

[merc82]

Update: <@pr9me> SBC negatives have been refunded
They've currently refunded all the negatives due to the SBC Fork, not sure if they are planning on taking the loss, but for those of us with stuck accounts we can now function again

[Touma]

Looks like SBC is back entirely on Cryptsy, it can be desposited and withdrawn again. As well as being traded.
https://twitter.com/cryptsy/status/417075991068934144

[gnode]

Back up for trading, now why are peeps selling? The mixing service is up coming.

https://bitcointalk.org/index.php?topic=353971.0


Shoot to the moon!

[jp26]

I'd like to volunteer to help Artos build this idea further. He's done this on his own a lot. A team ought to be built so others know there's developmental redundancy. One single point of failure raises skepticism amongst would-be investors.