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mcjavar
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March 04, 2014, 08:51:13 AM |
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I did have some funds there, but I am fine with your approach. Keep up the good work!
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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SkillRoad
Member
 Offline
Activity: 112
Merit: 10
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March 04, 2014, 08:51:16 AM |
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Would you consider adding a shares systems like several other exchanges have?
Shares would pay dividends, and the sales of shares would help cover the debt. Obviously this may require some development work, but might allow swifter recovery.
It would be great, it will help the development and overcoming difficulties _______________________________________________________________________________ _________________________________ Next Coin Lite - Fair Distribution |
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cammo12
Newbie
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Activity: 55
Merit: 0
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March 04, 2014, 08:51:37 AM |
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Raising the fees to 1.5% would mean that the users would be paying for this mistake. It doesn't make sense - take 12% of balances and then get the users to pay for it with higher fees. If fees went up many would go elsewhere, leaving the rest of us to pay even more. The users should not pay for this.
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provenceday
Legendary
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Activity: 1148
Merit: 1000
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March 04, 2014, 08:52:00 AM |
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will support you! the community is with you！
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fudge
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March 04, 2014, 08:53:04 AM |
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sh*t happens
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Haшa гpyшa нaйpoзкopчyмaкyвaтiшa!
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avesdude
Newbie
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Activity: 4
Merit: 0
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March 04, 2014, 08:53:13 AM |
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I love that you froze the exchange, as opposed to running it like gox . . .
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CoinMode
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March 04, 2014, 08:55:30 AM |
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Would you consider adding a shares systems like several other exchanges have?
Shares would pay dividends, and the sales of shares would help cover the debt. Obviously this may require some development work, but might allow swifter recovery.
I second this. Why higher fees? Poloniex should sell stock shares of their exchange using bitcoin. |
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BayAreaCoins
Legendary
Offline
Activity: 3920
Merit: 1241
Owner at AltQuick.com & FreeBitcoins.com
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March 04, 2014, 08:55:45 AM |
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I have just made a btc deposit a few mins ago so will mine be deducted as well even if I'm using the site for the first time?
yep, gg. Welcome to crypto  |
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BitCoinNutJob
Legendary
Offline
Activity: 1316
Merit: 1000
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March 04, 2014, 08:56:09 AM |
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make this guy the mtgox CEO
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RenegadeMind
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March 04, 2014, 08:56:49 AM |
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I love that you froze the exchange, as opposed to running it like gox . . .
+1 |
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stevenb
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March 04, 2014, 08:57:23 AM |
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Raising the fees to 1.5% would mean that the users would be paying for this mistake. It doesn't make sense - take 12% of balances and then get the users to pay for it with higher fees. If fees went up many would go elsewhere, leaving the rest of us to pay even more. The users should not pay for this.
He will refund 12.3% balance when covered stolen BTC so you will be lost 12.3% BTC or less in total. |
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ripplebtc
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March 04, 2014, 08:58:57 AM |
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Sorry to hear this bad news. I will always support you because of your honest.
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andyatcrux
Legendary
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Activity: 938
Merit: 1000
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March 04, 2014, 08:59:22 AM |
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Sorry to hear this bad news. I will always support you because of your honest.
+1 |
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ripplebtc
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March 04, 2014, 09:00:33 AM |
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Would you consider adding a shares systems like several other exchanges have?
Shares would pay dividends, and the sales of shares would help cover the debt. Obviously this may require some development work, but might allow swifter recovery.
I second this. Why higher fees? Poloniex should sell stock shares of their exchange using bitcoin. Good idea! |
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ds07104com
Member
Offline
Activity: 95
Merit: 10
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March 04, 2014, 09:03:16 AM |
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Ok. But i just deposited some btc to your web. I'm so regret. Now i need to know whether my btc will be deducted 12.3%? My btc was sent after this stolen. It shall not be deducted!!!   I need to your reply! Thank you! |
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cammo12
Newbie
Offline
Activity: 55
Merit: 0
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March 04, 2014, 09:03:54 AM |
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Raising the fees to 1.5% would mean that the users would be paying for this mistake. It doesn't make sense - take 12% of balances and then get the users to pay for it with higher fees. If fees went up many would go elsewhere, leaving the rest of us to pay even more. The users should not pay for this.
He will refund 12.3% balance when covered stolen BTC so you will be lost 12.3% BTC or less in total. Yes, I understand that - but you will effectively be paying for your 12% back via fees. I repeat - users should not pay for this. |
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HashRent.com
Newbie
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Activity: 7
Merit: 0
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March 04, 2014, 09:05:28 AM |
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Something is fishy here... He claims he can not repay the debt on his own but heres the math...
About $50,000 was lost by this "hack"
Exchange has around 850BTC in volume a day with a fee of 0.2% that would mean 1.7BTC or $1,147 in revenue per day. It would take him less than 2 months to repay the debt.
If he raises the fees astronomically (over 7 times the current) to 1.5% than he would be making 12.75BTC or $8,606 PER DAY (at current market prices). He would be able to repay the debt in less than a week. Why doesn't he disclose the amount of the loss? I found the thief's address and amount stolen and disclosed it while he remained silent?
If he does decide to raise the fees to 1.5% and does not lower the fees back to normal after 1 week then something isn't right. It seems like the perfect plan to claim there was a "hack" then raise the prices making a double win for him.
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Biomech
Legendary
Offline
Activity: 1372
Merit: 1022
Anarchy is not chaos.
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March 04, 2014, 09:05:59 AM |
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I may be wrong on this, but I think some of you are misreading what he said. He said this would be paid back from exchange fees, not that he was raising fees. I read it several times to be sure, but I am pretty sure that's what he's saying. That being said, I like the idea of shares as others have expressed. I don't currently trade at Poloniex, but I'm just getting into alt trading and have heard good things. Sorry about the loss, and like others have said, kudos for your honesty. Hopefully this will all work out. What would be even better is if you could track down the thief and torque the coins out of 'im. EDIT: Need more coffee. It was later in the post. Please ignore the first two sentences  |
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