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Showing 5 of 5 results by LukeCoin
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Board Exchanges
Re: Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money
by
LukeCoin
on 22/04/2017, 13:39:36 UTC
Same here: Stay away from these guys. It's not scam but in contrary to their help page the wire transfer took 3 weeks each (tried two times) and the BTX transfer is credited to my account but blocked since two days. Totally ridiculous.

Will sue them if I loose noteworthy on the exchange rate.
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Board Service Announcements
Re: Free Virtual Bitcoin Debit Card from Wirex App
by
LukeCoin
on 22/04/2017, 13:30:44 UTC
Stay away from these guys. It's not scam but in contrary to their help page the wire transfer took 3 weeks each (tried two times) and the BTX transfer is credited to my account but blocked since two days. Totally ridiculous.
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Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
LukeCoin
on 28/02/2014, 09:41:37 UTC
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Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
LukeCoin
on 24/02/2014, 14:42:01 UTC

It is probably illegal to pay out to one party to the detriment of others if you are technically bankrupt, i.e. if you have less value on hand than you owe.

Wrong.  There is always some seniority ranking on who gets paid and who does not is the case of Bankruptcy.

But the law certainly does not prescribe first-come-first-served.

Hell yes,  that's what seniority is all about!

If true, this is something very specific to Japanese law. All over Europe there's no first come first serve - in contrary, the liquidator is allowed to reverse transactions took place even several month before filling for insolvency if a creditor has been preferred.
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Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
LukeCoin
on 21/02/2014, 07:25:01 UTC
I am afraid the tragedy allready happend no matter what happens to MtGox. I am sorry for everyone having Coins or FIAT with Gox, but I think this could burn bitcoin to ashes considered the overall picture. Lets investigate the main reason for the cryptoboom:

We have a free currency not being influenced by politicians, governments or banks around the world. The money is just controled by the users. Thats fine. However, the other side of the coin is that companies around the world can operate in legal limbo. No doubt, if something similar happened to a bank, authorities would allready have taken control to investigate whats going on. From what we have seen so far even deposits would have been guaranted (at least up to 100.000 Eur as in Cyprus). In contrary, if the Gox guys dont run as milionaires given the arbitrage they can play, they are dumb as a bucket of shrimp...

Again, no matter what happens to Gox, the trust is gone. The merchants wont care about technical details. As soon as everyone realises that this could also happen (close and run) to their wallet-provider er even other exchanges, this migth be a death penalty to bitcoin.