Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SuperNET - ICO conducted by BTER + ...
by
jl777
on 05/09/2014, 21:11:03 UTC
The price on Nxt Ae and on Bter is exactly the same?
I am too lazy to keep updating
Bter is my friend and I like to help my friends
so I will out lazy price on NXT AE and you should get the best price from Bter

Bter helped the NXT community recover significant portion from the klee heist.

I cannot think of any other major (or minor) exchange that would have done such a thing.

Imaging cryptsy doing any such helping? I am waiting for many weeks now to withdraw my BTCD from them. Then did 75% but the last part it is still stuck. It started as $50K worth of BTCD that was stuck. Even though they did get me most of it, the remaining amount is now still worth almost $50K! The BTCD is gaining in value faster than cryptsy can process my withdraw for it. So, while they are making me wait, they did seem to be working hard, but for having no backup process and to be taking down production wallets, this is not such good planning. I have no evidence that cryptsy is having financial problems, the problem seems that they are having many technical issues, but I am just guessing. They eventually just cancelled my withdraw request and I will probably have to start the withdraw for the third time. But I am not having time to waste, to keep waiting and not staking my lost BTCD is sad, but at this point until they are telling me they can handle the withdraw I wont waste my time.

Now BTER, they are active in helping in doing the right thing. Any USA company would have had to talk to their lawyers if they could do the right thing, as maybe it would have been illegal. In USA legality trumps whatever is right or wrong. In other countries it is good that there is some sense of hope left. The most important thing about BTER is that they have integrity. this is critical in this new world. If you cannot make an agreement with someone and trust them to honor it, then they are not reliable for the crypto world.

A man's honor is the most important in crypto.
I an agreement is made, it is honored.

Bter was hacked for a large amount. They paid to get back most of it. They promised to repay every single NXT. They do have a 1% withdraw rate on just the NXT, but this is a practical thing to slow down the withdraw as they are needing just a bit of time to make some profits to recover the rest. Also, this 1% is on the high side, but this is the same as the discounted(!) price for one of the competing NXT exchanges. Also, they have turned down offers of no interest loans from NXT community whales. I am confident that they will pay all the stolen NXT and with them hosting the SuperNET, it could be very quickly.

I was sad to seen many in the NXT community to abandon bter or even be accusing them. So I am feeling the similar feelings I had for BBR and I wanted to help bter recover. When freeworm is contacting me to wanting to help with SuperNET for no charge. this showed to me that bter is unique among the exchanges. What other exchange do you know of to offer to host a large ICO for no charge, when they have just suffered a large loss and are still recouping?

I am thinking of no other. The refusing of the easy path and doing what is right and paying back all the stolen amounts, regardless of how difficult it is. This is a story of great honor and I am proud to be working alongside them!

James