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GreXX
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August 16, 2014, 09:39:56 PM |
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We are working on a solution to secure out BTC with BTER. BTER did not want to break the terms of the escrow they signed with users and we are working on a solution.
We also have all of the data from BTER in regards to who holds how much XCR. If for some reason they do collapse, we would come up with a solution to distribute ourselves.
All of this should be avoided however as I believe we are on good terms and have a good understanding right now with BTER. At this point, they need to launch Crypti to help build back up their reputation and show they aren't going anywhere.
Having said all of that, I won't blame anyone who pulls out of BTER the second the withdraw button goes live.
You have a list of XCR holders? What is the key for listing each owner, as we dont have XCR wallets yet. Does it list by Bter account number? If that is the case, every one needs to copy down their account number. If Bter goes dark, that may be lost. We are trying to figure out if there is a way we could use the BTER data (which yes, it is account number based) to distribute ourselves in the case of BTER collapsing just to be safe. We don't have an exact solution yet as the hard part is determining how to associated a BTER account with an actual person. BTER can't give us email addresses as that would be a privacy issue (which we haven't asked), so we are open to any ideas. Hopefully it will never get to that point, but we would rather be prepared in the case that it does. BTER has already stated they don't have the funds to cover the loss themselves. |
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Litoshi
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August 16, 2014, 09:41:22 PM |
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Looking at Bter, they have suspended trading on half the coins. The left hand window shows 0.00% change in price for them.
Also Qora seems to be rising. Must be the NXT sellers moving there.
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samsmith16
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August 16, 2014, 09:42:44 PM |
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We are working on a solution to secure out BTC with BTER. BTER did not want to break the terms of the escrow they signed with users and we are working on a solution.
We also have all of the data from BTER in regards to who holds how much XCR. If for some reason they do collapse, we would come up with a solution to distribute ourselves.
All of this should be avoided however as I believe we are on good terms and have a good understanding right now with BTER. At this point, they need to launch Crypti to help build back up their reputation and show they aren't going anywhere.
Having said all of that, I won't blame anyone who pulls out of BTER the second the withdraw button goes live.
You have a list of XCR holders? What is the key for listing each owner, as we dont have XCR wallets yet. Does it list by Bter account number? If that is the case, every one needs to copy down their account number. If Bter goes dark, that may be lost. Right like I posted above Bter account number + one other Identifier So they just give you Bter account numbers? Like I said use exact amount of XCR time stamped or ask Bter for usernames... |
▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!! |
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Litoshi
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August 16, 2014, 09:43:00 PM |
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We are working on a solution to secure out BTC with BTER. BTER did not want to break the terms of the escrow they signed with users and we are working on a solution.
We also have all of the data from BTER in regards to who holds how much XCR. If for some reason they do collapse, we would come up with a solution to distribute ourselves.
All of this should be avoided however as I believe we are on good terms and have a good understanding right now with BTER. At this point, they need to launch Crypti to help build back up their reputation and show they aren't going anywhere.
Having said all of that, I won't blame anyone who pulls out of BTER the second the withdraw button goes live.
You have a list of XCR holders? What is the key for listing each owner, as we dont have XCR wallets yet. Does it list by Bter account number? If that is the case, every one needs to copy down their account number. If Bter goes dark, that may be lost. We are trying to figure out if there is a way we could use the BTER data (which yes, it is account number based) to distribute ourselves in the case of BTER collapsing just to be safe. We don't have an exact solution yet as the hard part is determining how to associated a BTER account with an actual person. BTER can't give us email addresses as that would be a privacy issue (which we haven't asked), so we are open to any ideas. Hopefully it will never get to that point, but we would rather be prepared in the case that it does. BTER has already stated they don't have the funds to cover the loss themselves. Do you have any other info from Bter on the account holders, such as BTC account money was sent from? |
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MorAltsPlease
Sr. Member
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Activity: 282
Merit: 250
Fear only from the fear itself
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August 16, 2014, 09:43:41 PM |
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apart from the risk of Bter collapsing, is their any risk of Crypti funds?? will they compensate Nxt holders using other crypto on site?
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Litoshi
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August 16, 2014, 09:45:50 PM |
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apart from the risk of Bter collapsing, is their any risk of Crypti funds?? will they compensate Nxt holders using other crypto on site?
I doubt if they held the 750 BTC escrow funds in a separate wallet. Not likely as BTC are fungible. |
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Quantumtangles
Member
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Activity: 70
Merit: 10
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August 16, 2014, 09:46:30 PM |
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Looking at Bter, they have suspended trading on half the coins. The left hand window shows 0.00% change in price for them.
Also Qora seems to be rising. Must be the NXT sellers moving there.
How do you know trading has been suspended on any of the coins? |
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GreXX
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August 16, 2014, 09:46:49 PM |
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Why cant CRYPTI devs just demand the escrow from BTER and be done with them? Everyone in the community would vote in favor of that.
How do you know "everyone" would be? I wouldn't be. I don't know the terms of the escrow, but the money shouldn't be released to the devs before main net is launched and there is a working Windows wallet at the minimum. Technically the web wallet works from any possible operating system that has a web browser just like the test net. The node software (and subsequently forging capability) which contains a wallet that can be run locally is currently built around Linux (can run on multiple distributions) but the Docker one-click will be able to work on other OS'es. |
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poornamelessme
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August 16, 2014, 09:48:43 PM |
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At the very least, I expect folks should copy down their Bter Id numbers. I also took a screenshot of my holdings, although not entirely sure it'd do me any good.
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samsmith16
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August 16, 2014, 09:51:19 PM |
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I don't see why Bter wouldn't give you XCR holders Bter account number + Bter username???
Both together should be good enough to distribute the XCR to holders if Bter goes down
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▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!! |
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Quantumtangles
Member
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Activity: 70
Merit: 10
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August 16, 2014, 09:52:03 PM |
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Looking at Bter, they have suspended trading on half the coins. The left hand window shows 0.00% change in price for them.
Also Qora seems to be rising. Must be the NXT sellers moving there.
Steady on Litoshi. Many currencies have had no price changes where the volume is zero or close to zero. This just means no-one can be bothered to trade in those currencies. It does not mean that trading has been ceased by BTER. |
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Quantumtangles
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Activity: 70
Merit: 10
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August 16, 2014, 09:53:33 PM |
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I don't see why Bter wouldn't give you XCR holders Bter account number + Bter username???
Both together should be good enough to distribute the XCR to holders if Bter goes down
I hope BTER will let the devs go live this evening by enabling the distribution to wallets if that is what investors choose to do. |
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samsmith16
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August 16, 2014, 10:11:11 PM |
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I don't see why Bter wouldn't give you XCR holders Bter account number + Bter username???
Both together should be good enough to distribute the XCR to holders if Bter goes down
I hope BTER will let the devs go live this evening by enabling the distribution to wallets if that is what investors choose to do. Yes if Bter wants to save whatever trust they still have in them... They need to make this Crypti launch happen... Crypti launch going off with out further delay may help save Bter as an exchange |
▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!! |
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whatsabitworth
Member
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Activity: 109
Merit: 10
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August 16, 2014, 10:36:10 PM |
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So is the launch still scheduled for tomorrow?
Also, I realize recovering the stolen NXT is of paramount importance, but rewarding this hacker POS with 200 BTC sets a horrendous precedent. I hope this scumbag is found and is injected with ebola then thrown into a sea of AIDS. That's my 2 satoshis.
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Quantumtangles
Member
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Activity: 70
Merit: 10
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August 16, 2014, 10:41:58 PM
Last edit: August 16, 2014, 10:57:55 PM by Quantumtangles |
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So is the launch still scheduled for tomorrow?
Also, I realize recovering the stolen NXT is of paramount importance, but rewarding this hacker POS with 200 BTC sets a horrendous precedent. I hope this scumbag is found and is injected with ebola then thrown into a sea of AIDS. That's my 2 satoshis.
I would not mistreat him in that way. However I think he should be forced to listen to evangelist preachers on television for a few days. That would drive anyone intelligent crazy after 10 minutes or so. Edit: Now I think about it, the petty psychiatrist charged with caring for Hannibal Lector in Silence of the Lambs forced Hannibal to watch TV preachers by way of punishment. A truly dreadful form of torture for anyone with a three digit IQ. I resolutely oppose torture in all its heinous forms, even in relation to people who are alleged to have acted unlawfully. I add, amending my profile of the hacker, that he may be Canadian. A website known as the sir.com apparently based in Canada appears to provide training telecommunications related activities. Electronic engineers who specialise in telecoms tend to have reasonable hacking abilities. There is also a company in Germany known as Sircom that makes electronics. |
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samsmith16
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August 16, 2014, 11:24:52 PM |
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Crypti is #16 in 24hrs trading volume!!  |
▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!! |
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Sparky_eMunie
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August 16, 2014, 11:34:34 PM |
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We are working on a solution to secure out BTC with BTER. BTER did not want to break the terms of the escrow they signed with users and we are working on a solution.
We also have all of the data from BTER in regards to who holds how much XCR. If for some reason they do collapse, we would come up with a solution to distribute ourselves.
All of this should be avoided however as I believe we are on good terms and have a good understanding right now with BTER. At this point, they need to launch Crypti to help build back up their reputation and show they aren't going anywhere.
Having said all of that, I won't blame anyone who pulls out of BTER the second the withdraw button goes live.
You have a list of XCR holders? What is the key for listing each owner, as we dont have XCR wallets yet. Does it list by Bter account number? If that is the case, every one needs to copy down their account number. If Bter goes dark, that may be lost. We are trying to figure out if there is a way we could use the BTER data (which yes, it is account number based) to distribute ourselves in the case of BTER collapsing just to be safe. We don't have an exact solution yet as the hard part is determining how to associated a BTER account with an actual person. BTER can't give us email addresses as that would be a privacy issue (which we haven't asked), so we are open to any ideas. Hopefully it will never get to that point, but we would rather be prepared in the case that it does. BTER has already stated they don't have the funds to cover the loss themselves. I have a solution: You have the account IDs + the XCR amount for that account. Let everyone write down their account ID + the amount of XCR they have on that account. You create an email address where the data can be sent. So you can correlate the email accounts to the bter IDs. Now you can distribute XCR the way NXT was distributed. |
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Litoshi
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August 16, 2014, 11:42:22 PM |
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Provided every account holder checks this blog, and understands english
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Sparky_eMunie
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August 16, 2014, 11:52:34 PM |
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The hacker has rejected the 300 BTC from BTER. He wants more.
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Litoshi
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August 17, 2014, 12:36:24 AM |
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The hacker has rejected the 300 BTC from BTER. He wants more.
Greed loses. Reset the blockchain. |
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