Post
Topic
Board Scam Accusations
Re: Lauda, MinerJones, Blazed | Missing escrow funds
by
Quickseller
on 24/08/2018, 14:56:20 UTC
Not that I care all that much because the people arguing here don't actually seem to be involved with the project, ie I'd care more if it was investors who were complaining about mismanaged funds and not random people with vendettas against each other. But just curious, would the ~10 BTC from the BTCCash to BTC exchange that people say have gone missing happen to be from a fork exchange service fee? As in a service that searches for forks, converts them all to BTC, and then handles the transaction?
The 10 BTC amount is a lower bound amount. Looking at market data and based upon the fact that exchanges were requiring many confirmations at the time, I I think it is more likely that the proceeds were 10-20% higher, making the missing money be closer to 20-30 btc.

Considering that alts were already being handed and converted into bitcoin, the additional work to claim the bitcoin cash was minimal and certainly not worth a hundred grand. There were/are many guides to help people claim their coins and it would really not be equitable to be charging 10% for this, especially considering it wouldn’t be possible to use an alternate service provider. The overwhelming majority of bitcoin companies that were holding customer money provided access without charge.

Probably most importantly, this fee was not disclosed prior to receiving the service and did not have the opportunity to reject the charge.

I believe several people who invested have posted here, including the OP, however they may have abandoned the thread after lauda essentially said to fuck off.