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Arbitrageur
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March 24, 2014, 03:07:42 PM
 #861

in my opinion they postponed by 24hrs the deadline for setting up the frozen accounts for the following 2 reasons:

1) frenzy trading is generating so many fees they never see in their life (which is good for increasing the btc to reimburse).
2) possibly they are even selling the alt with a 50% profit on market price, (which can also contribute to increase their reserve)
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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TookDk
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March 24, 2014, 03:15:49 PM
 #862

in my opinion they postponed by 24hrs the deadline for setting up the frozen accounts for the following 2 reasons:

1) frenzy trading is generating so many fees they never see in their life (which is good for increasing the btc to reimburse).
2) possibly they are even selling the alt with a 50% profit on market price, (which can also contribute to increase their reserve)


Yesterday, after the press release there was at some point more than 1000 LTC for sale @ 0.0250 (where the market value was 0.0279).
A few hours later, that was at least down to 100 LTC...

Cryptography is one of the few things you can truly trust.
pandher
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March 24, 2014, 03:21:14 PM
 #863

There is no withdraw button for any coin
FrictionlessCoin
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March 24, 2014, 03:22:15 PM
 #864

in my opinion they postponed by 24hrs the deadline for setting up the frozen accounts for the following 2 reasons:

1) frenzy trading is generating so many fees they never see in their life (which is good for increasing the btc to reimburse).
2) possibly they are even selling the alt with a 50% profit on market price, (which can also contribute to increase their reserve)


Just ridiculous that people in the inside can make a killing on this arbitrage opportunity.     If you know that you can get your BTC back, then you would play this game.  

Look at all the markets at Vircurex,  everyone is panicking trying to get out.  Most transactions are on the ask side.

Nobody is his right mind is going to sell their Alt if the BTC proceeds are subject to confiscation.   Unless of course, you're an insider.

“Here’s to the greedy ones. The conformists. The fatcats. The soft-fascists. The chisels forcing all the pegs to fit in the square holes. The ones who will make you see things their way. They make the rules. And they protect the status quo. You can support them, cooperate with them, worship or fanboy around them. About the only thing you can’t do is compete with them. Because they run things. They keep the human race in line.” – Apple, Inc. (translated into plain English from sloganese)
FrictionlessCoin
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March 24, 2014, 03:23:04 PM
 #865

There is no withdraw button for any coin

What?  Did they shut everything down?

“Here’s to the greedy ones. The conformists. The fatcats. The soft-fascists. The chisels forcing all the pegs to fit in the square holes. The ones who will make you see things their way. They make the rules. And they protect the status quo. You can support them, cooperate with them, worship or fanboy around them. About the only thing you can’t do is compete with them. Because they run things. They keep the human race in line.” – Apple, Inc. (translated into plain English from sloganese)
mhps
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March 24, 2014, 03:28:03 PM
 #866

I see withdraw button only for XPM. I am not withdrawing though. Cryptos haven't been fun in the last few months. So if you want to panic, buy mine at 0.005 0.007, and 0.01 BTCs.

edit:  XPM is the only coin besides the frozen ones that  I have non-zero balance for. So "only for XPM" maybe is just for me.

BTC 1HxvAEC4nj37hyenz9DwsyrMMnkwzpbzno PPC PU6zS8RRBWP2UxhuRFengGsu8n4tEYB5xV XPM AJAgBpPjGQoL38mrtW91dVqhbMHqu25vfG
romang
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March 24, 2014, 03:34:46 PM
 #867

There is no withdraw button for any coin

What?  Did they shut everything down?

This is not good at All another gox? Like I said before cold storage is king. Your own that is.

FrictionlessCoin
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March 24, 2014, 03:40:39 PM
 #868

I see withdraw button only for XPM. I am not withdrawing though. Cryptos haven't been fun in the last few months. So if you want to panic, buy mine at 0.005 0.007, and 0.01 BTCs.

edit:  XPM is the only coin besides the frozen ones that  I have non-zero balance for. So "only for XPM" maybe is just for me.

The options aren't great:

(1) Stay put and have your BTC confiscated.
(2) Buy an alt-coin that is 50% priced above the market and hope to withdraw.

Alternatively you could

(3) Deposit alt-coin, sell at inflated price and hope your BTC doesn't get confiscated.

“Here’s to the greedy ones. The conformists. The fatcats. The soft-fascists. The chisels forcing all the pegs to fit in the square holes. The ones who will make you see things their way. They make the rules. And they protect the status quo. You can support them, cooperate with them, worship or fanboy around them. About the only thing you can’t do is compete with them. Because they run things. They keep the human race in line.” – Apple, Inc. (translated into plain English from sloganese)
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March 24, 2014, 03:45:45 PM
 #869

This is clearly a trap to sell their coins at inflated prices, i am giving a negative rating
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March 24, 2014, 04:40:23 PM
 #870

FYI

"2013-05 VCX is currently not paying dividends, see released reports for details."
"...Depending on the trading volume development this is expected to take 9 to 12 months..."

Now it's almost that 12 months, so there is need to steal money from ordinary users, investors are already robbed.

Habbeat - beat your habits more effective way!!!
Always empty box(no cat also no coin): 1SHM1tiur2iNBCVxCBr7vAJ84PrPZ6d6v
K1773R
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March 24, 2014, 04:48:41 PM
 #871

FYI

"2013-05 VCX is currently not paying dividends, see released reports for details."
"...Depending on the trading volume development this is expected to take 9 to 12 months..."

Now it's almost that 12 months, so there is need to steal money from ordinary users, investors are already robbed.
it was a well planned scam, twice scammed. once at VCX shares and now Vircurex itsef...

[GPG Public Key]  [Devcoin Builds]  [BBQCoin Builds]  [Multichain Blockexplorer]  [Multichain Blockexplorer - PoS Coins]  [Ufasoft Miner Linux Builds]
BTC/DVC/TRC/FRC: 1K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM AK1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: NK1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: LKi773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: EK1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: bK1773R1APJz4yTgRkmdKQhjhiMyQpJgfN
Hippie Tech
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March 24, 2014, 04:55:59 PM
 #872

Has anyone successfully withdrawn any of the other coins ?

I just dumped my FTC for DVC and got this "wallet is currently offline" message on the withdrawal attempt.

My BTC deposit continues to be MIA.

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March 24, 2014, 05:12:29 PM
 #873

Has anyone successfully withdrawn any of the other coins ?

I just dumped my FTC for DVC and got this "wallet is currently offline" message on the withdrawal attempt.

My BTC deposit continues to be MIA.

DVC and QRK are empty currently AFAIK.

[GPG Public Key]  [Devcoin Builds]  [BBQCoin Builds]  [Multichain Blockexplorer]  [Multichain Blockexplorer - PoS Coins]  [Ufasoft Miner Linux Builds]
BTC/DVC/TRC/FRC: 1K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM AK1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: NK1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: LKi773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: EK1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: bK1773R1APJz4yTgRkmdKQhjhiMyQpJgfN
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March 24, 2014, 05:44:54 PM
 #874

Has anyone successfully withdrawn any of the other coins ?

I just dumped my FTC for DVC and got this "wallet is currently offline" message on the withdrawal attempt.

My BTC deposit continues to be MIA.

DVC and QRK are empty currently AFAIK.

DGC works.

Walter Rothbard
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March 24, 2014, 06:05:42 PM
 #875

Well, I got out.  I took an altcoin haircut.  I keep hearing that scene from It's a Wonderful Life: "Old Man Potter will pay 50 cents on the dollar!  50 cents on the dollar?  Better to get half, than none!"

eyebuyyourcoinz
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March 24, 2014, 06:13:45 PM
 #876

I ended up selling my small BTC balance for an alt coin earlier today (not DOGE) and withdrawal confirmed to my wallet minutes ago, so anyone who says that all coin withdrawals are blocked atm is spreading FUD.  Of course this could change in the future
E.exchanger
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NEED CRYPTO CODER? COIN DEVELOPER? PM ME FOR HELP!


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March 24, 2014, 06:17:13 PM
 #877

Saw the website, simple yet effective so great job for that. I have no clue about the SSL security it has . Few coins i would love to see listed are mooncoin, machincecoin, Aliencoins  Smiley

Good luck vircurex.com
FrictionlessCoin
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March 24, 2014, 06:19:23 PM
 #878

Do you know what is very weird,  a lot of news outlets telling the world that Vircurex is based in Beijing China.

http://www.pcworld.com/article/2111000/small-bitcoin-exchange-vircurex-teeters-after-large-withdrawals.html  - PCWorld

http://www.zdnet.com/vircurex-bitcoin-exchange-crumbles-in-the-face-of-cyberattack-7000027618/ - ZDNet

http://www.slashgear.com/bitcoin-exchange-vircurex-freezes-customer-withdrawals-24321775/ - SlashGear


I thought it was out of Canada.  But someone tell me its in Poland.  Eitherway,   maybe they are trying to avoid prosecution?

How can they be based in China when the were able to handle USD and EUR deposits?

“Here’s to the greedy ones. The conformists. The fatcats. The soft-fascists. The chisels forcing all the pegs to fit in the square holes. The ones who will make you see things their way. They make the rules. And they protect the status quo. You can support them, cooperate with them, worship or fanboy around them. About the only thing you can’t do is compete with them. Because they run things. They keep the human race in line.” – Apple, Inc. (translated into plain English from sloganese)
eyebuyyourcoinz
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March 24, 2014, 06:28:08 PM
 #879

Do you know what is very weird,  a lot of news outlets telling the world that Vircurex is based in Beijing China.

I thought it was out of Canada.  

Are you thinking of cavirtex?  Similar name and yes, that one is based in Canada. 
disclaimer201
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March 24, 2014, 06:35:44 PM
 #880

Has anyone successfully withdrawn any of the other coins ?

I just dumped my FTC for DVC and got this "wallet is currently offline" message on the withdrawal attempt.

My BTC deposit continues to be MIA.

DVC and QRK are empty currently AFAIK.

DGC works.

No, it doesn't. I tried to withdraw a few thousand DGC last night / early this morning CET and didn't get a txid for two withdrawals.

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