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Author Topic: [UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.0  (Read 1039438 times)
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IMZ
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October 15, 2014, 05:16:16 AM
 #3441

Condolences to all on losses at Mintpal. It must hurt.
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October 15, 2014, 04:13:50 PM
 #3442

Unlike gox or coinex, there was actual warning that mintpal was going down. Anytime an exchange goes down, there IS a chance of them having issues bringing it back up.

I just moved my unos from mp to bittrex a few days before they were supposed to shut it down and do their thing. I didn't have any issues.

All things considered, unless someone has word that mp is RIP i would stay hopeful on it all the same.

You guys are slackin leavin your coins on an exchange like that though! Crap coins are one thing, couple bucks and no love lost. This is precious uno though! Sweet, tangy, refreshing Uno! 

I always wondered how the exchanges work. It makes sense that a lot of the trading is done off the chain, other wise you would constantly need to wait for confirmations. That was really a big question in my mind, glad it was answered. This system certainly gives the exchange owners ALL the power. Isn't this shit just like the current banking system in that if we all pull our coins at once, the thing collapses, because they aren't really there?


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-->>>Unobtanium - The crypto you keep!<<<--
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October 15, 2014, 05:04:16 PM
Last edit: October 15, 2014, 05:14:40 PM by FallingKnife
 #3443

Unlike gox or coinex, there was actual warning that mintpal was going down. Anytime an exchange goes down, there IS a chance of them having issues bringing it back up.

I just moved my unos from mp to bittrex a few days before they were supposed to shut it down and do their thing. I didn't have any issues.

All things considered, unless someone has word that mp is RIP i would stay hopeful on it all the same.

You guys are slackin leavin your coins on an exchange like that though! Crap coins are one thing, couple bucks and no love lost. This is precious uno though! Sweet, tangy, refreshing Uno!  

I always wondered how the exchanges work. It makes sense that a lot of the trading is done off the chain, other wise you would constantly need to wait for confirmations. That was really a big question in my mind, glad it was answered. This system certainly gives the exchange owners ALL the power. Isn't this shit just like the current banking system in that if we all pull our coins at once, the thing collapses, because they aren't really there?




It wasn't like that for me. The day they brought up MP v2, I tried to move out the Uno I had there. The result was that some kind of "TX failed" error, that immediately removed any access to the coins. I couldn't even trade them any more on MP. They were just gone. Then there was no help from support.

I would have moved all coins off of MP before the release of V2, if I had know that the rollout wouldn't be seamless. There are some things in life I have to just presume, or else life is too difficult and complex for me to consider every possible outcome. One thing I presumed was that V2 would be a seamless roll out, that MP wouldn't go down for days, then when it came back it would be WORSE off than V1. Updates are supposed to be better, not worse.  I also presume I'm going to get in my car in a few minutes, turn the key and it won't explode (I may be wrong about that, too).  But I mean.... who takes down a platform that works and replaces it with one that wouldn't even pass the most basic QA smoketest?  

Sure, we could all just pull our coins off all exchanges, and maybe the inhouse exchange is a good idea, but even that limits your pool of buyers/sellers.  If there's nobody on exchanges who will buy when you want to sell, and sell when you want to buy? While I keep most off of exchanges, I understand that if the market is illiquid, it doesn't help the value of Uno.

But this is just total and complete managerial incompetence.  Why would you tell your dev team to push out an update like this? They must have been telling him, "it's not ready!"  Any developer working on that shit v2 software would totally know it's going to blow up, that's not tested, but they did it any way. Any 1st year QA person doing basic useability tests would have an issues list a mile long.

Anyway, it's a little too late and unhelpful to hear people scolding about not keeping coins on exchanges. I know. I get it. I took the chance to try and help make the market in my favorite coin.  It's not the first time I've been screwed in cryptoland, and probably won't be the last.  

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October 15, 2014, 05:53:54 PM
 #3444

I agree with leaving some there for liquidity, but not your whole stash.

MP V2 roll out reminds me a lot of the American's www.healthcare.gov website roll out. Maybe it's the same contractor?  Tongue

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October 15, 2014, 06:33:31 PM
 #3445

Unlike gox or coinex, there was actual warning that mintpal was going down. Anytime an exchange goes down, there IS a chance of them having issues bringing it back up.

I just moved my unos from mp to bittrex a few days before they were supposed to shut it down and do their thing. I didn't have any issues.

All things considered, unless someone has word that mp is RIP i would stay hopeful on it all the same.

You guys are slackin leavin your coins on an exchange like that though! Crap coins are one thing, couple bucks and no love lost. This is precious uno though! Sweet, tangy, refreshing Uno!  

I always wondered how the exchanges work. It makes sense that a lot of the trading is done off the chain, other wise you would constantly need to wait for confirmations. That was really a big question in my mind, glad it was answered. This system certainly gives the exchange owners ALL the power. Isn't this shit just like the current banking system in that if we all pull our coins at once, the thing collapses, because they aren't really there?




It wasn't like that for me. The day they brought up MP v2, I tried to move out the Uno I had there. The result was that some kind of "TX failed" error, that immediately removed any access to the coins. I couldn't even trade them any more on MP. They were just gone. Then there was no help from support.

I would have moved all coins off of MP before the release of V2, if I had know that the rollout wouldn't be seamless. There are some things in life I have to just presume, or else life is too difficult and complex for me to consider every possible outcome. One thing I presumed was that V2 would be a seamless roll out, that MP wouldn't go down for days, then when it came back it would be WORSE off than V1. Updates are supposed to be better, not worse.  I also presume I'm going to get in my car in a few minutes, turn the key and it won't explode (I may be wrong about that, too).  But I mean.... who takes down a platform that works and replaces it with one that wouldn't even pass the most basic QA smoketest?  

Sure, we could all just pull our coins off all exchanges, and maybe the inhouse exchange is a good idea, but even that limits your pool of buyers/sellers.  If there's nobody on exchanges who will buy when you want to sell, and sell when you want to buy? While I keep most off of exchanges, I understand that if the market is illiquid, it doesn't help the value of Uno.

But this is just total and complete managerial incompetence.  Why would you tell your dev team to push out an update like this? They must have been telling him, "it's not ready!"  Any developer working on that shit v2 software would totally know it's going to blow up, that's not tested, but they did it any way. Any 1st year QA person doing basic useability tests would have an issues list a mile long.

Anyway, it's a little too late and unhelpful to hear people scolding about not keeping coins on exchanges. I know. I get it. I took the chance to try and help make the market in my favorite coin.  It's not the first time I've been screwed in cryptoland, and probably won't be the last.  

i appreciate what you were trying to do with mintpal.  you stuck your neck out to make a decent second market for UNO; i was hesitant to trade anywhere but cryptsy, but made a number of trades at MP before the hack to help further your cause.  sucks they got goxed, but I've got a feeling that they're likely to do right by their customers and not just pull a full-on russian scam.

we can say "don't store coins at the exchanges" all we want, but FallingKnife is right, if there are no coins at the exchanges, how is anyone going to move them?  the sad reality is, shit like this is just cost of doing business in crypto

hope you guys get your money back soon.
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October 15, 2014, 09:33:47 PM
 #3446

I mean absolutely no snarkiness at all: both in-house exchanges and a culture of P2P-trading can mitigate the risk. We can't beat the bastards, but we can certainly keep them on their toes.

Hedge001/IMZ still for sale: 10 Uno

Yesterday's Opening Special Uno is worth 12.9 this morning. (Two ounces at 17.45 each divided by 2.70)
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October 16, 2014, 12:28:29 AM
Last edit: October 16, 2014, 01:06:35 AM by FallingKnife
 #3447

Well, things have gotten interesting very fast.

Jackson Palmer released this moments ago.
https://www.dropbox.com/s/hca1c7k0b8j1osm/Moolah.pdf?dl=0

Alex Green, ceo of Moolah/MintPal is (allegedly) a famous scammer.

This should start to get pretty good by tomorrow. Events moving extremely fast right now.


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October 16, 2014, 05:36:49 AM
 #3448

@IMZ

Im interested in some silver still but would prefer to hold it rather than hedge/coffee can it.

was it you or bitcoincharlie that had single oz's?
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October 16, 2014, 06:42:52 AM
 #3449

@ Edgar: try Bitcoin Charlie; and make no mistake, I think the physical bullion trade is 100 times more important than the Hedges, which are a theoretical interest.

Mark
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October 16, 2014, 06:57:33 AM
 #3450

Events moving extremely fast right now.

I haven't been following the Mintpal/Moolah story closely, but now I'm starting to pick up things here and there.  This is starting to feel like another crypto market gut punch.

http://www.coindesk.com/moolah-mintpal-closure-bankruptcy/  Stan Higgins | Published on October 15, 2014 at 05:30 BST   

 
Well, things have gotten interesting very fast.

Jackson Palmer released this moments ago.
https://www.dropbox.com/s/hca1c7k0b8j1osm/Moolah.pdf?dl=0

Alex Green, ceo of Moolah/MintPal is (allegedly) a famous scammer.

On one hand you have the story of an orderly bankruptcy and on the other hand you allegedly have a known scammer claiming an orderly bankruptcy.

Also, I'm assuming no one is able to access or withdraw their Mintpal/Moolah crypto and there is very low confidence they will ever be able to do so.

Are we in "it's too early to tell we have to wait and see mode"?  Are there clear indications that we can draw conclusions from?  And what is the impact or what will the impact be across the crypto marketplace?

It's rare.  It's fair.  It's Unobtanium.
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October 16, 2014, 07:09:15 AM
 #3451

Who is Alex Green?

https://www.cryptocoinsnews.com/dogecoin-leaders-present-evidence-ceo-troubled-bitcoin-exchange-moolah-long-time-scammer/

It's rare.  It's fair.  It's Unobtanium.
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October 16, 2014, 07:22:43 AM
 #3452


Very interesting article.

Sorry to those with coins currently on lock down at MP. Let's hope that it works out. But if this article is true this guy sounds like quite the piece of work.




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October 16, 2014, 07:53:02 AM
 #3453

BCT ANN forum thread:

https://bitcointalk.org/index.php?topic=824211.0 - MintPal / Moolah Scam - 412 BTC Reported Missing So Far

It's rare.  It's fair.  It's Unobtanium.
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October 16, 2014, 08:32:16 AM
 #3454

This link was tweeted a few minutes ago from @moolah_io:

http://blog.moolah.io/2014/10/16/a-public-resignation/

It's rare.  It's fair.  It's Unobtanium.
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October 16, 2014, 09:46:58 AM
 #3455

Crypto continues to be such a crazy place. You just can't make all the shit up that constantly happens. This would make a great movie someday, lol.

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October 16, 2014, 10:18:10 AM
 #3456

Ain't that the truth! It's the opposite of Groundhog Day. Every day is completely different.
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October 16, 2014, 10:20:07 AM
 #3457

I wonder if global fraud crimes have decreased now 'all' the scummers are focused on crypto-scamming
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October 16, 2014, 01:04:41 PM
 #3458

If I'm going to get ripped off, I want to be ripped off by the best!  Grin  We'll see what happens. At least I get some entertainment for my losses. It won't stop me from continuing to buy Uno.

I'm glad we can get this out of the way BEFORE Uno turns 1 year old!    What a year it has been.  Here's to a great 2nd year.

Stand by!  The Clown Is In The House!!

And I'm not talking about Alex Green.

I hope we can lighten the mood with a little ridiculousness.

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October 16, 2014, 01:05:35 PM
 #3459

How about some good news?

Now taking orders, very limited initial supply (just 5 silver strikes) with more on the way Smiley



https://bitcointalk.org/index.php?topic=825537.new#new




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October 16, 2014, 01:11:39 PM
Last edit: October 16, 2014, 01:33:25 PM by FallingKnife
 #3460

Despite the bad guys, the GOOD GUYS & GALS are going to make great things happen for UNO in year 2!!  We're just getting started!


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