Quote from: flipstyle on August 27, 2014, 02:16:42 AM

Simple answer: how are you going to determine who gets their btc back first, and when are the refunds going to start to be processed?

Also, for these new customers you're encouraging to 'trust,' when will they (if ever) be able to withdraw their balances, since you're already insolvent way beyond comprehension. Or are you just expecting them to deposit their coins and keep them in there forever and trade and never withdraw? You do realize the crypto world moves at 200mph, and the vast majority of alts lose all their value after an initial rise, which is the reason why people want to cash out their profits, right?

It's not difficult to answer. But my money is on you beating around the bush, because anyone with half a brain knows this is a pipe dream and nothing more than used car salesman talk. This thread is an exact copy pasta of the coinex.pw thread. Til the owners got even more money on the 're-opening' scam and the replies and shill accounts vanished. This will be no different.

Good questions. Thanks for taking the time to reply.

So, to answer your questions.

1) "How will repayment be determined?" I wish I had a simple and straight answer for you on this one that made everyone happy. Since the total amount of loss is known the easiest answer would be to divide money made between everyone equal to the percentage of their loss. This way everyone gets paid back equally, even if it's painfully slow. I can't say this is the best solution, I know I'd like to see a better method as someone who lost double-digit BTC.

2) "When?" ASAP. We kinda need things in place in order to start paying back BTC. Other coins will be much sooner. Btw, if you weren't aware, there has been a timeline of events and what to expect next that has been up on the main sites home page for the past few months; which gets updated frequently.

3) Regarding "when can people withdraw?" Well, right now. I specifically segmented CR1.0 and CR2.0 balances so that there wouldn't be more chaos. CR1.0 accounts are held in a database statically so we know who exactly is owed what. When CR2.0 launched everyone started with a "zero balance", which allows people to instantly withdraw as they so desire after making deposits or purchasing. So how do we integrate the two? We'll have to manually go through all 180 coins and either refund every user the coins that weren't stolen or give them a BTC credit. This credit then gets reduced by the income the exchange makes and people will be able to track this over time. As someone who lost funds I'm sure you can appreciate how important it is to make sure this is done right and carefully executed.

I'll take your wager about beating around the bush on this, how much are we betting? ... You are right. It is really sad how hard it is to trust people in this world. I'm not going to try and convince every person on the forum with just words, like I said, judge me by my actions. Join the party or get left behind, I wouldn't have gotten myself involved in this whole mess four months ago if I didn't believe all of us could get repaid.