Author Topic: How can we help BTC38? eg. falling price  (Read 1928 times)

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Offline xeroc

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Side note: bittrex claimrd publicly into bittrex-deposit ... i hope it neither btc38 nore bter that hold the bts price hostage by selling customer funds ..

Offline sittingduck

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They can claim to a random new account. 

Offline clayop

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if they are insolvent and want to kick the can down the road a while longer, I think they should be able to migrate still with stealth transfers.

https://github.com/cryptonomex/graphene/wiki/StealthTransfers.

Impossible. They should claim the balance publicly first.
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Offline mike623317

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Apparently an issue might be that they don't have all the BTS they're supposed too.

titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?

Not our problem. Their own fault. It's bad to whoever has BTS on BTC38 but people should be advise to withdraw asap. And if they refuse to comply with the community then just cease from supporting them. It's a shame that happens to an exchange with a reasonable volume  but since they're not joining open ledger I dont really care.

Dunno the consequences for the chinese community. Bter is a no-no. Btc38 might head the same way...

You know what is cool?  All the shady exchanges that don't sufficiently back their holder's tokens are now starting to be called out by NOT joining bitshares :P

i know, but we should really push the message home that you can direct deposit into the wallet and not expose yourself to exchange risk.
We should pressure them more by communicate to other communities.
« Last Edit: October 24, 2015, 04:44:40 pm by mike623317 »

Offline Akado

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if they are insolvent and want to kick the can down the road a while longer, I think they should be able to migrate still with stealth transfers.

https://github.com/cryptonomex/graphene/wiki/StealthTransfers.

All exchanges should be required not to do this and be transparent. If they refuse well, then stop supporting them. It's a red flag.
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Offline ag

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if they are insolvent and want to kick the can down the road a while longer, I think they should be able to migrate still with stealth transfers.

https://github.com/cryptonomex/graphene/wiki/StealthTransfers.

Offline Akado

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Apparently an issue might be that they don't have all the BTS they're supposed too.

titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?

Not our problem. Their own fault. It's bad to whoever has BTS on BTC38 but people should be advise to withdraw asap. And if they refuse to comply with the community then just cease from supporting them. It's a shame that happens to an exchange with a reasonable volume  but since they're not joining open ledger I dont really care.

Dunno the consequences for the chinese community. Bter is a no-no. Btc38 might head the same way...

You know what is cool?  All the shady exchanges that don't sufficiently back their holder's tokens are now starting to be called out by NOT joining bitshares :P

Yep and we should pressure them more and communicate to other communities. If one exchange isn't safe it isn't just for us, but for everyone.
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Offline roadscape

You know what is cool?  All the shady exchanges that don't sufficiently back their holder's tokens are now starting to be called out by NOT joining bitshares :P

 +5%

Apparently an issue might be that they don't have all the BTS they're supposed too.

titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?

That makes no sense. If they are short they would have been buying big and that would have held up the prices. They can not expect to ride it out for ever, sooner or later they will have to add BTS and they know that.

If alt's numbers are right, they're $500,000 short.. if they bought $10k per day, it would take about 2 months (at current prices) to make up the difference.
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Offline clayop

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FYI, they claimed they have 346,759,659 BTS at 10/14 (Maybe someone sent BTS to BTC38 wallet, the number has increased now)
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Offline Empirical1.2

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Apparently an issue might be that they don't have all the BTS they're supposed too.

titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?

Not our problem. Their own fault. It's bad to whoever has BTS on BTC38 but people should be advise to withdraw asap. And if they refuse to comply with the community then just cease from supporting them. It's a shame that happens to an exchange with a reasonable volume  but since they're not joining open ledger I dont really care.

Dunno the consequences for the chinese community. Bter is a no-no. Btc38 might head the same way...

It's not bad for whoever has BTS on BTC38. It's bad for whoever has BTS. They still control a few hundred million.
If you want to take the island burn the boats

Offline habeler

Apparently an issue might be that they don't have all the BTS they're supposed too.

titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?

That makes no sense. If they are short they would have been buying big and that would have held up the prices. They can not expect to ride it out for ever, sooner or later they will have to add BTS and they know that.
1LeQTkxdpvZFU23qA22xas2zvqzTHMa48T
bts-habeler876

Offline fuzzy

Apparently an issue might be that they don't have all the BTS they're supposed too.

titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?

Not our problem. Their own fault. It's bad to whoever has BTS on BTC38 but people should be advise to withdraw asap. And if they refuse to comply with the community then just cease from supporting them. It's a shame that happens to an exchange with a reasonable volume  but since they're not joining open ledger I dont really care.

Dunno the consequences for the chinese community. Bter is a no-no. Btc38 might head the same way...

You know what is cool?  All the shady exchanges that don't sufficiently back their holder's tokens are now starting to be called out by NOT joining bitshares :P

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Offline Akado

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Apparently an issue might be that they don't have all the BTS they're supposed too.

titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?

Not our problem. Their own fault. It's bad to whoever has BTS on BTC38 but people should be advise to withdraw asap. And if they refuse to comply with the community then just cease from supporting them. It's a shame that happens to an exchange with a reasonable volume  but since they're not joining open ledger I dont really care.

Dunno the consequences for the chinese community. Bter is a no-no. Btc38 might head the same way...
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Offline Empirical1.2

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Apparently an issue might be that they don't have all the BTS they're supposed too.

titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?

« Last Edit: October 24, 2015, 03:54:31 pm by Empirical1.2 »
If you want to take the island burn the boats

Offline topcandle

What can we do to reach out to BTC38 and help them migrate to BTS 2.0?  Is there anybody who has the tech skills to walk them through it?  I think this is the largest reason for the falling price in BTS...
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