BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE |

[zazarb]

The USD withdrawal is enabled.

In my opinion they should open CNY/USD trading.

If they are to open CNY/USD trading, why not allow trading other currencies as well?

usd trading was stoped before steled btc, since january for Trouble with egopay

[keats3]

The USD withdrawal is enabled.

In my opinion they should open CNY/USD trading.

If they are to open CNY/USD trading, why not allow trading other currencies as well?

usd trading was stoped before steled btc, since january for Trouble with egopay

I never registered for USD withdrawals, but I checked if it's possible, and the only withdrawal method I can see is by egopay. There is a drop down list with only one option saying "egopay (fee 0%)". Isn't egopay closed since they were hacked?

[toknormal]

Does anyone know if the overall balance figure means anything ? (The one that estimates your aggregate balance in terms of BTC / USD).

Mine doesn't seem right.

It seems far too high. (Unless some alt I've forgotten about suddenly blew up in price since I was last on BTER).

[tersagun]

Does anyone know if the overall balance figure means anything ? (The one that estimates your aggregate balance in terms of BTC / USD).

Mine doesn't seem right.

It seems far too high. (Unless some alt I've forgotten about suddenly blew up in price since I was last on BTER).

Same here.
My balance shows in NXT but I seriously doubt that total amount. I do have some sell orders on altcoins which are at a higher price compared to the market. Maybe they calculate it in a way as if your sell orders are fulfilled.

[blueshoe]

Strange that bter do not have a plan. What happens after withdraw? Typical Chinese, nothing is said. Soon they say it has never existed BTER.

[tee-rex]

Strange that bter do not have a plan. What happens after withdraw? Typical Chinese, nothing is said. Soon they say it has never existed BTER.

If you don't have a plan, plan to lose. Bter's plan is to restart the exchange as if nothing at all has happened. Yeah, so typical.

[arallmuus]

Strange that bter do not have a plan. What happens after withdraw? Typical Chinese, nothing is said. Soon they say it has never existed BTER.

If you don't have a plan, plan to lose. Bter's plan is to restart the exchange as if nothing at all has happened. Yeah, so typical.

i doubt they will earn the trust before the "hacked" incident if all the reimburse is not doing well, once they reimburse all, then i think some might trust bter again

[redsn0w]

Strange that bter do not have a plan. What happens after withdraw? Typical Chinese, nothing is said. Soon they say it has never existed BTER.

If you don't have a plan, plan to lose. Bter's plan is to restart the exchange as if nothing at all has happened. Yeah, so typical.

i doubt they will earn the trust before the "hacked" incident if all the reimburse is not doing well, once they reimburse all, then i think some might trust bter again

This is obvious, I think no one will use again bter.com as cryptocurrency exchange (maybe only the 20-30 % of the "customers"). Now all the users are waiting the possibility of the altcoins withdrawal.

[tee-rex]

Strange that bter do not have a plan. What happens after withdraw? Typical Chinese, nothing is said. Soon they say it has never existed BTER.

If you don't have a plan, plan to lose. Bter's plan is to restart the exchange as if nothing at all has happened. Yeah, so typical.

i doubt they will earn the trust before the "hacked" incident if all the reimburse is not doing well, once they reimburse all, then i think some might trust bter again

Bter and cryptsy were the two most liquid altcoin exchanges out there, cryptsy being slow on deposits and withdrawals, bter being fast (actually one of the fastest of all cryptoexchanges, if not the fastest).

This is obvious, I think no one will use again bter.com as cryptocurrency exchange (maybe only the 20-30 % of the "customers"). Now all the users are waiting the possibility of the altcoins withdrawal.

20-30% doesn't look like "no one will use again bter.com".

[zazarb]

The USD withdrawal is enabled.

In my opinion they should open CNY/USD trading.

If they are to open CNY/USD trading, why not allow trading other currencies as well?

usd trading was stoped before steled btc, since january for Trouble with egopay

I never registered for USD withdrawals, but I checked if it's possible, and the only withdrawal method I can see is by egopay. There is a drop down list with only one option saying "egopay (fee 0%)". Isn't egopay closed since they were hacked?

egopay not closed

[redsn0w]

Strange that bter do not have a plan. What happens after withdraw? Typical Chinese, nothing is said. Soon they say it has never existed BTER.

If you don't have a plan, plan to lose. Bter's plan is to restart the exchange as if nothing at all has happened. Yeah, so typical.

i doubt they will earn the trust before the "hacked" incident if all the reimburse is not doing well, once they reimburse all, then i think some might trust bter again

Bter and cryptsy were the two most liquid altcoin exchanges out there, cryptsy being slow on deposits and withdrawals, bter being fast (actually one of the fastest of all cryptoexchanges, if not the fastest).

This is obvious, I think no one will use again bter.com as cryptocurrency exchange (maybe only the 20-30 % of the "customers"). Now all the users are waiting the possibility of the altcoins withdrawal.

20-30% doesn't look like "no one will use again bter.com".

Yes, indeed I've told (maybe only the 20-30 % of the "customers") but I'm sure that bter.com will not be as earlier. Can I ask you if you personally will use again bter.com?

I will use it only if they start to use multisig address for their cold wallet , and (why not) also the the deposit addresses.

[sumantso]

Does anyone know if the overall balance figure means anything ? (The one that estimates your aggregate balance in terms of BTC / USD).

Mine doesn't seem right.

It seems far too high. (Unless some alt I've forgotten about suddenly blew up in price since I was last on BTER).

Yes, its broken.

They are allowing the fiat withdrawal firsts, probably to avoid legal troubles.

[tee-rex]

Strange that bter do not have a plan. What happens after withdraw? Typical Chinese, nothing is said. Soon they say it has never existed BTER.

If you don't have a plan, plan to lose. Bter's plan is to restart the exchange as if nothing at all has happened. Yeah, so typical.

i doubt they will earn the trust before the "hacked" incident if all the reimburse is not doing well, once they reimburse all, then i think some might trust bter again

Bter and cryptsy were the two most liquid altcoin exchanges out there, cryptsy being slow on deposits and withdrawals, bter being fast (actually one of the fastest of all cryptoexchanges, if not the fastest).

This is obvious, I think no one will use again bter.com as cryptocurrency exchange (maybe only the 20-30 % of the "customers"). Now all the users are waiting the possibility of the altcoins withdrawal.

20-30% doesn't look like "no one will use again bter.com".

Yes, indeed I've told (maybe only the 20-30 % of the "customers") but I'm sure that bter.com will not be as earlier. Can I ask you if you personally will use again bter.com?

Bter or not bter?

Presently I don't know for sure, but rather yes, I will, provided they return all the funds indeed and the liquidity doesn't evaporate. Until there are usable decentralized exchanges in the cryptocurrency world, we don't have much choice actually.

Though I still don't understand how a decentralized exchange works.

[redsn0w]

Strange that bter do not have a plan. What happens after withdraw? Typical Chinese, nothing is said. Soon they say it has never existed BTER.

If you don't have a plan, plan to lose. Bter's plan is to restart the exchange as if nothing at all has happened. Yeah, so typical.

i doubt they will earn the trust before the "hacked" incident if all the reimburse is not doing well, once they reimburse all, then i think some might trust bter again

Bter and cryptsy were the two most liquid altcoin exchanges out there, cryptsy being slow on deposits and withdrawals, bter being fast (actually one of the fastest of all cryptoexchanges, if not the fastest).

This is obvious, I think no one will use again bter.com as cryptocurrency exchange (maybe only the 20-30 % of the "customers"). Now all the users are waiting the possibility of the altcoins withdrawal.

20-30% doesn't look like "no one will use again bter.com".

Yes, indeed I've told (maybe only the 20-30 % of the "customers") but I'm sure that bter.com will not be as earlier. Can I ask you if you personally will use again bter.com?

Bter or not bter?

Presently I don't know for sure, but rather yes, I will, provided they return all the funds indeed and the liquidity doesn't evaporate. Until there are usable decentralized exchanges in the cryptocurrency world, we don't have much choice actually.

Though I still don't understand how a decentralized exchange works.

The question about the decentralized exchange is so complicated, because it doesn't work properly with the FIAT value (bank transfer for example). Instead I think it works "good" with the exchange | btc >> altcoins and vice versa|.

[tee-rex]

Yes, indeed I've told (maybe only the 20-30 % of the "customers") but I'm sure that bter.com will not be as earlier. Can I ask you if you personally will use again bter.com?

Bter or not bter?

Presently I don't know for sure, but rather yes, I will, provided they return all the funds indeed and the liquidity doesn't evaporate. Until there are usable decentralized exchanges in the cryptocurrency world, we don't have much choice actually.

Though I still don't understand how a decentralized exchange works.

The question about the decentralized exchange is so complicated, because it doesn't work properly with the FIAT value (bank transfer for example). Instead I think it works "good" with the exchange | btc >> altcoins and vice versa|.

And how does a decentralized exchange work with cryptocurrencies? What is different in it that fundamentally distinguishes it from a centralized exchange?

[Cassius]

It's p2p. No middleman. No transferring funds to the exchange account, where they can go missing. Like bitcoin itself vs fiat money transfers (no banks/processing companies).
NXT Multigateway is the closest thing there is so far. InstantDEX will give that some extra speed so hopefully we'll start to see worthwhile volumes soon.

[stdset]

It's p2p. No middleman. No transferring funds to the exchange account, where they can go missing. Like bitcoin itself vs fiat money transfers (no banks/processing companies).
NXT Multigateway is the closest thing there is so far. InstantDEX will give that some extra speed so hopefully we'll start to see worthwhile volumes soon.

Doesn't MGW issue IOUs in form of NXT AE assets? If so, MGW is the center of this exchange, if it gets hacked it's IOUs will loose their backing and become worthless, pretty much like with any centralised exchange. Am I wrong?

[mishax1]

Yes, indeed I've told (maybe only the 20-30 % of the "customers") but I'm sure that bter.com will not be as earlier. Can I ask you if you personally will use again bter.com?

Bter or not bter?

Presently I don't know for sure, but rather yes, I will, provided they return all the funds indeed and the liquidity doesn't evaporate. Until there are usable decentralized exchanges in the cryptocurrency world, we don't have much choice actually.

Though I still don't understand how a decentralized exchange works.

The question about the decentralized exchange is so complicated, because it doesn't work properly with the FIAT value (bank transfer for example). Instead I think it works "good" with the exchange | btc >> altcoins and vice versa|.

And how does a decentralized exchange work with cryptocurrencies? What is different in it that fundamentally distinguishes it from a centralized exchange?

That is something that Tether will solve. Then you will have "fiat" on a decentralized exchange.

[stdset]

That is something that Tether will solve. Then you will have "fiat" on a decentralized exchange.

Looks like Tether uses the same mechanism of IOUs backed by fiat currencies or what those IOUs represent. It's already several months since such things were implemented in NXT. You can trade for example USD in the form of CoinoUSD on completely decentralised NXT AE, as well as on some centralised exchanges.

[tee-rex]

That is something that Tether will solve. Then you will have "fiat" on a decentralized exchange.

Looks like Tether uses the same mechanism of IOUs backed by fiat currencies or what those IOUs represent. It's already several months since such things were implemented in NXT. You can trade for example USD in the form of CoinoUSD on completely decentralised NXT AE, as well as on some centralised exchanges.

How is that decentralized if your real dollars are at the exchange? If they got stolen (or "expropriated"), your IOUs will be just junk, as I get it.