Author Topic: BTC38's Fractional Balance?  (Read 6031 times)

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Offline abit

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Offline jsidhu

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How do we know what the reserve balance of btc38 "should be"? Can someone confirm this? I feel as if there is a ponzi running underneath our feet.

Im probably right, as with central exchanges you are guilty until proven innocent but just incase im wrong id like to clear my paranoia with some clarification to what is expected vs what is said
« Last Edit: November 12, 2015, 06:04:08 am by jsidhu »
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Offline Moon

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thank you clayop.  you are so enthusiastic.  ;) ;)

actually we still have dozens of accounts which do not showed on the page. At the same time, we nerver converted any BTSV to BTS in our wallet (about 33 million).

I am BTC38. My English is poor. I do not know if you can understand me. thank you.  :) :)
I think BTC38 should have earned at least 30M bts from the trade fee
so just show us the balance with 100% reserve at least.
+5%
I won't use btc38 until it shows 100% reserve


you use polo  ?   also no  100% reserve
At least Polo opened all their accounts.
BTC38 is hiding their account, why?
And revealed accounts show a lack of balance.


no,you don't know how many ’bts‘  at polo
polo may have hidden account too.
No one  Exchange tells you
This is the reason for bts existence
is that right ? :)

Offline clayop

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thank you clayop.  you are so enthusiastic.  ;) ;)

actually we still have dozens of accounts which do not showed on the page. At the same time, we nerver converted any BTSV to BTS in our wallet (about 33 million).

I am BTC38. My English is poor. I do not know if you can understand me. thank you.  :) :)
I think BTC38 should have earned at least 30M bts from the trade fee
so just show us the balance with 100% reserve at least.
+5%
I won't use btc38 until it shows 100% reserve


you use polo  ?   also no  100% reserve
At least Polo opened all their accounts.
BTC38 is hiding their account, why?
And revealed accounts show a lack of balance.
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Offline xeroc

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Guess what....
our "internal" decentralized exchange was,is and will be 100% solvent at any time.... simple as that!
ehm .. close .. very close .. let me rephrase:

our "internal" decentralized exchange was, is and will be >100% solvent at any time.... simple as that!

:P

Offline liondani

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Guess what....
our "internal" decentralized exchange was,is and will be 100% solvent at any time.... simple as that!

Offline alt

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I still use btc38, but I withdraw all of my BTS every time after trade.
I don't use polo.

BTC38 said they will show us BTC's cold wallet about 1 year ago,
until now, we see nothing, and they seems have forgot it totally.
this is what I know about BTC38.

Offline Moon

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thank you clayop.  you are so enthusiastic.  ;) ;)

actually we still have dozens of accounts which do not showed on the page. At the same time, we nerver converted any BTSV to BTS in our wallet (about 33 million).

I am BTC38. My English is poor. I do not know if you can understand me. thank you.  :) :)
I think BTC38 should have earned at least 30M bts from the trade fee
so just show us the balance with 100% reserve at least.
+5%
I won't use btc38 until it shows 100% reserve


you use polo  ?   also no  100% reserve

Offline lzr1900

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thank you clayop.  you are so enthusiastic.  ;) ;)

actually we still have dozens of accounts which do not showed on the page. At the same time, we nerver converted any BTSV to BTS in our wallet (about 33 million).

I am BTC38. My English is poor. I do not know if you can understand me. thank you.  :) :)
I think BTC38 should have earned at least 30M bts from the trade fee
so just show us the balance with 100% reserve at least.

对的,请等待大约两周的时间,我们正在对所有数字货币的冷热钱包进行重新的梳理,实际上没有任何一个交易所像BTC38一样透明,让大家放心是我们的义务。

请耐心等待一阵子。抱歉。
支持老黄。时代很有良心了。

Offline clayop

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thank you clayop.  you are so enthusiastic.  ;) ;)

actually we still have dozens of accounts which do not showed on the page. At the same time, we nerver converted any BTSV to BTS in our wallet (about 33 million).

I am BTC38. My English is poor. I do not know if you can understand me. thank you.  :) :)
I think BTC38 should have earned at least 30M bts from the trade fee
so just show us the balance with 100% reserve at least.
+5%
I won't use btc38 until it shows 100% reserve
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Vote for me and see Korean Bitshares community grows
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Offline Moon

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老黄来解答了,支持

Offline tamehuang

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thank you clayop.  you are so enthusiastic.  ;) ;)

actually we still have dozens of accounts which do not showed on the page. At the same time, we nerver converted any BTSV to BTS in our wallet (about 33 million).

I am BTC38. My English is poor. I do not know if you can understand me. thank you.  :) :)
I think BTC38 should have earned at least 30M bts from the trade fee
so just show us the balance with 100% reserve at least.

对的,请等待大约两周的时间,我们正在对所有数字货币的冷热钱包进行重新的梳理,实际上没有任何一个交易所像BTC38一样透明,让大家放心是我们的义务。

请耐心等待一阵子。抱歉。
« Last Edit: November 10, 2015, 04:18:58 pm by tamehuang »

Offline alt

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thank you clayop.  you are so enthusiastic.  ;) ;)

actually we still have dozens of accounts which do not showed on the page. At the same time, we nerver converted any BTSV to BTS in our wallet (about 33 million).

I am BTC38. My English is poor. I do not know if you can understand me. thank you.  :) :)
I think BTC38 should have earned at least 30M bts from the trade fee
so just show us the balance with 100% reserve at least.

Offline tamehuang

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我还是说中文吧,我的英文并不能很好的表达,而且手机也不是很方便查询中英词典。

事实上,我们从交易中收取到的0.1%的BTS手续费,从来没有卖出过,我们更愿意和大家一样,通过持有一定数量的BTS来获得未来更好的发展。

 8)没想到这里有这么多用户在

Offline BTSdac

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github.com :pureland
BTS2.0 API :ws://139.196.37.179:8091
BTS2.0 API 数据源ws://139.196.37.179:8091

Offline tamehuang

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thank you clayop.  you are so enthusiastic.  ;) ;)

actually we still have dozens of accounts which do not showed on the page. At the same time, we nerver converted any BTSV to BTS in our wallet (about 33 million).

I am BTC38. My English is poor. I do not know if you can understand me. thank you.  :) :)

Offline happybit

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Finally, they claimed their balance. I found some of their account and summed the total.

btc38-public-for-bts-cold: 228,400,000 BTS   http://cryptofresh.com/u/btc38-public-for-bts-cold
btc38-btsx-octo-72722:       96,200,000 BTS   http://cryptofresh.com/u/btc38-btsx-octo-72722
btc38btsxwithdrawal:             6,700,000 BTS  http://cryptofresh.com/u/btc38btsxwithdrawal
btc38-btsx-octo-7272:               250.000 BTS  http://cryptofresh.com/u/btc38-btsx-octo-7272
btc38-btsx-octo-727222:           119,000 BTS  http://cryptofresh.com/u/btc38-btsx-octo-727222
Total: 331,669,000 BTS

HOWEVER, according to my screenshot taken at 10/14, they said that they have 346,759k BTS (maybe this number is higher than 10/13's but IIRC, they said at least 340 mil at the snapshot)

The difference  is about 15,000,000 BTS (122 BTC equivalent)
We need a official response from BTC 38

How many different users do they have who hold all these BTS?

Offline happybit

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Wow, so if am reading this right, close to 20 percent of all bitshares in existence is at btc38?

There's 2,533,321,716 BTS in existence not counting the "reserve fund" so it's more like 13%.

What is the "reserve fund" total?  is it still 10% ?

Offline mint chocolate chip

How about their vested balance, figuring that in would that make up the difference of what they are missing?

Offline gunailei

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截至明天(11日)中午12点,您在时代账户每持有1万个BTS(不满1万部分忽略不计),就可额外获赠1千个狗狗币
 :P
10000bts=10000bts+1000doge

Offline gunailei

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10000bts send to btc38=10000bts*(1+0.01)+1000doge   just go go go!!!  only 12 hours.
LOL, BTC38 want to create more fake BTS?
Recharge virtual currency will receive an additional 1% of the presented (RMB 0.5%), while the withdrawal of money is required to charge 1% of the fee. For example, if you charge 1000 yuan, the actual arrival will be 1005 yuan, if you withdraw 10 yuan, the actual arrival of 9.9

Offline alt

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10000bts send to btc38=10000bts*(1+0.01)+1000doge   just go go go!!!  only 12 hours.
LOL, BTC38 want to create more fake BTS?

Offline gunailei

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10000bts send to btc38=10000bts*(1+0.01)+1000doge   just go go go!!!  only 12 hours.

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Offline Empirical1.2

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Good news. Glad BTC38 is upgrading  & that they have at least 96% of funds  :)
If you want to take the island burn the boats

Offline svk

Wow, so if am reading this right, close to 20 percent of all bitshares in existence is at btc38?

There's 2,533,321,716 BTS in existence not counting the "reserve fund" so it's more like 13%.
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Offline Xypher

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Wow, so if am reading this right, close to 20 percent of all bitshares in existence is at btc38?

Offline clayop

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How do you know this is all of their accounts?

They may have more. So we need their official response.
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Offline phillyguy

How do you know this is all of their accounts?
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Offline clayop

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Finally, they claimed their balance. I found some of their account and summed the total.

btc38-public-for-bts-cold: 228,400,000 BTS   http://cryptofresh.com/u/btc38-public-for-bts-cold
btc38-btsx-octo-72722:       96,200,000 BTS   http://cryptofresh.com/u/btc38-btsx-octo-72722
btc38btsxwithdrawal:             6,700,000 BTS  http://cryptofresh.com/u/btc38btsxwithdrawal
btc38-btsx-octo-7272:               250.000 BTS  http://cryptofresh.com/u/btc38-btsx-octo-7272
btc38-btsx-octo-727222:           119,000 BTS  http://cryptofresh.com/u/btc38-btsx-octo-727222
Total: 331,669,000 BTS

HOWEVER, according to my screenshot taken at 10/14, they said that they have 346,759k BTS (maybe this number is higher than 10/13's but IIRC, they said at least 340 mil at the snapshot)

The difference  is about 15,000,000 BTS (122 BTC equivalent)
We need a official response from BTC 38
« Last Edit: November 10, 2015, 01:16:59 pm by clayop »
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