[UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.5

[Benefactor]

@Mintpal:  Gotta wonder what the real story is.  Did they just buy it to scam all these people their funds?  Did they not know (what I assume is) that MP was having slippery transactions off of the blockchain in fractional-reserve cryptocurrency'ing, like I assume more exchanges continue to do, like gox did?  (DON'T STORE YOUR COINS ON EXCHANGES!!!)

Did they get screwed by their people?  (It did seem like they had a user-interface (UI) coder who was fired, since they were looking for a UI person halfway through the crisis.)

Were they just as incompetent all around as this looks?

WTH?!

I have funds in 2 accounts on there!  Not the end of the world, but this hurts.  Hundreds of dollars.  (Already factored into my tight budget, though, as this monstrosity has been going on for weeks, now.)

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[IMZ]

Disclaimer about the Hedges Things:

the GFC(/peak oil), guys, has been my primary focus since oil crossed $100 a barrel in January, 2008. I am not a tin-foil-hat doom-monger, but a theorist, bound to pragmatically state my conclusions:

I really think we're gettin' close to show time, campers! Which will send Bitcoin skyrocketing. Which will make the Hedges Project redundant.

So, okay, let's do it . . . but keep a weather eye open.

m

[FallingKnife]

does anyone know why the rich lists are different?  is one on the wrong fork?  which is correct?

The conia richlist has not been as reliable as chainz.

Conia right now says, "last processed block: 491694 (september 22, 2014, 18:57 utc," so there's the problem. I'll email him and see if he'll restart it.

[FallingKnife]

@Mintpal:  Gotta wonder what the real story is.  Did they just buy it to scam all these people their funds?  Did they not know (what I assume is) that MP was having slippery transactions off of the blockchain in fractional-reserve cryptocurrency'ing, like I assume more exchanges continue to do, like gox did?  (DON'T STORE YOUR COINS ON EXCHANGES!!!)

Did they get screwed by their people?  (It did seem like they had a user-interface (UI) coder who was fired, since they were looking for a UI person halfway through the crisis.)

Were they just as incompetent all around as this looks?

WTH?!

I have funds in 2 accounts on there!  Not the end of the world, but this hurts.  Hundreds of dollars.  (Already factored into my tight budget, though, as this monstrosity has been going on for weeks, now.)

I feel your pain. I'm out hundreds of Un.  Moolah says MintPal will continue, and that it has been turned over to a new management team (who exactly, they did not say), that all funds are safe.  And oh by the way, we're taking MintPal offline because of a big security issue.

[pnoch]

@Mintpal:  Gotta wonder what the real story is.  Did they just buy it to scam all these people their funds?  Did they not know (what I assume is) that MP was having slippery transactions off of the blockchain in fractional-reserve cryptocurrency'ing, like I assume more exchanges continue to do, like gox did?  (DON'T STORE YOUR COINS ON EXCHANGES!!!)

Did they get screwed by their people?  (It did seem like they had a user-interface (UI) coder who was fired, since they were looking for a UI person halfway through the crisis.)

Were they just as incompetent all around as this looks?

WTH?!

I have funds in 2 accounts on there!  Not the end of the world, but this hurts.  Hundreds of dollars.  (Already factored into my tight budget, though, as this monstrosity has been going on for weeks, now.)

I feel your pain. I'm out hundreds of Un.  Moolah says MintPal will continue, and that it has been turned over to a new management team (who exactly, they did not say), that all funds are safe.  And oh by the way, we're taking MintPal offline because of a big security issue.

200 UNO on mintpal myself. Hope for the best for now

[BitcoinCharlie]

All, I'm really sorry that you lost coins on MP! 

[FallingKnife]

Surfin the UNocalypse
 

Hey man, its fun to see you! You're a long timer here! And that's exactly how I pictured you. Except for the guitar.

[Benefactor]

I don't reddit or twit or twat or do a bunch of things.  Does anyone want to try this on Reddit?  Would be appreciated.  We just have a few days to get this done in time, now.... Got a message off of BCT.:

Hello, I've been lurking on the bitcointalk UNO thread. I don't use reddit much, but thought that maybe starting a thread there would help locate the person while promoting the coin and contest.

Thanks for your work on this coin and for getting me interested in it. It's a great crypto.
[signed]

Let me/us know if you find any success, pretty please!

Thank you.

[Benefactor]

All, I'm really sorry that you lost coins on MP!  

Don't bury us, yet!  We're still breathing~!  

For now, there is still hope, apparently, after looking into it.  Perhaps it will take a while?  We're all so used to CoinEx, gox and similar treatments, we jump to the wrong conclusion too fast.  Case-in-point was VirCurEx, who had a hack, and some super-cheap alts immediately after, as everyone dumped for whatever they could withdraw.  I scooped up one cheap alt, and got to sell at a huge % profit perhaps a month later.  Was a small purchase, overall, but does show that life after an exchange screwup is possible.

At this point, I do have to finally agree with, was it BitcoinCharlie? that MP is completely f*ked up, though.  Horribly unacceptable performance!!!

[Benefactor]

What's with the Oroborus, or whatever that is?  I want in on the secret-handshake club!?  Maybe.  Would be nice to coordinate moves.  

Maybe not, afterall....

http://www.youtube.com/watch?v=Shq39kWglZ4

...probably don't need another brand new keyboardist in this world, anyway.

-

Plus, I pick up on plenty, anyway, observing through it.  Muahahaha!

Opps, wrong thread.  

[IMZ]

@ Benefactor: what would you like done on Reddit? (I'm a Redditor.)

[IMZ]

Hedge001/IMZ for sale: 10 Uno (Opening Special -- silver is somehow still goin' down in price, and I don't think the 18th will see a wild spike.)

[IMZ]

Condolences to all on losses at Mintpal. It must hurt.

[sirsmokesalot]

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?

[FallingKnife]

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.  

[BitcoinCharlie]

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? 

[vector.iso]

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.

[IMZ]

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)

[FallingKnife]

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.

[edgar]

@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?