I'm glad that my remaining balance on bter is only 4 cents worth of BTC and dust. Moved all my trading to btc38. The volume on bter has grown worse and worse. Instead of recovering since they came back online, everyone is just taking the opportunity to exit and withdraw.
Its good to know that they are making partial payments, but I fear they will die before they are able to repay much of it.
sad bc these crises fuel the anti-crypto crowd. i very much prefer truly decentralized services like shapeshift.io to traditional exchanges.
How is shapeshift decentralized?
You only hold value there for a few minutes, sure, but it's Erik Voorhees' centralized website, no?
It makes the trade and sends you the coins, rather than letting you keep your coins with them. You control your private keys.
I'm so glad I withdrew the >200k BTS I had at bter a few days before this new 'withdrawal disabled' started. I shouldnt have let so much accumulate there, bter is not to be trusted! I'm keeping some at btc38 now, and maybe I shouldnt, but as far as I know they have never been hacked. Whereas bter has suffered multiple major hacks and is now massively underwater owing people BTC. If their volume continues to decrease, I wonder when someone there will just give up and go 'fuck it, its over, I'm stealing all the coins'.