Quote from: squatter on July 08, 2019, 05:04:07 AM

My understanding is that Livecoin expected them to orchestrate some sort of bailout/rollback fork to reverse their losses. The Monacoin developers refused, which is a perfectly respectable position for developers of a POW protocol. An impasse was reached and Livecoin never did anything to rectify the issue and compensate their customers.

Same with Monero. Livecoin simply expects the Monero developers to pay them $1.8 million to reimburse their losses. Legally, the developers have no liability. It's right in their software license! On the other hand, Livecoin is legally liable for the deposits its customers made and now won't pay out.

The way Livecoin is acting, you really have to wonder how deeply insolvent they might be.

One can conjecture about anything they choose to all day long, as some are doing in this thread. Doesn't mean anything, doesn't help anything, doesn't change anything.

The entire issue still revolves around 1 person's complaints against Livecoin. Insolvency would likely involve limiting withdrawals across several other coins than just the 2 they have issues with. You can bet far more than one customer would be complaining about it here. Who else commenting in this thread besides OP has been negatively affected by Livecoin?

As I mentioned earlier the BiteBTC scam accusation thread has literally hundreds of people reporting being ripped off by them, yet there had never been any DT action taken against them until I tagged them several months ago, and after the flag system was introduced, encouraged people who had been scammed to create a flag.

Despite BiteBTC being a much more clear cut example of an exchange engaging in persistent, habitual wrongdoing, only 3 DTs have supported their flag, meanwhile 16 DTs have supported this one...

I'm not saying what Livecoin did was cool, and I hope they reimburse OP with 0.08 BTC or the PPC he had purchased with it (not sure whats actually in his balance), plus the BTC worth of his current MONA stash at Livecoin prices. Exchanges that suffer losses take customer funds all the time by means of "haircuts," which they also justify in their user terms. Its not a great policy, but it does happen.

The only winner here is Quickseller. This is exactly what he hoped would happen. Is there any doubt that he wouldn't give two shits about OP's problem if he hadn't been kicked from the Livecoin campaign? He's had this long-running, stupid smear campaign against Hhampuz for quite some time now; I bet he's enjoying every minute of this.

Quote from: mindrust on July 08, 2019, 05:21:23 AM

That's what happens when you add too many "trash assets" to the exchange and forget to follow how they do.

The term "trash asset" is being used by Livecoin to refer to coins created by the fraudulent version of the MONA chain, and whatever b.s. it was that created the extra XMR coins. It is not referring to the actual coins themselves.