The same problem exists in DEM/BTC. I don't think it's flipped, the market is just stuck.

Looks like the site is currently offline too.

Never got any response from support, have 4 deposits missing.

And now the page is dead?

Not getting any responses from the "support".. Multiple tickets have been open for two weeks.

• DEM/BTC market has been stuck for ages, trades are not executing.
• Lost an ANC deposit
• Lost a TAG deposit
• Lost a CRC deposit

The Bitcointalk user "coins-e support" hasn't been online for a month.

How come the site is down? Bit difficult to withdraw.
 

Wtf dude? I always figured you were kind of incompetent when it comes to handling things, but I didn't realize you're such a dick.

There is no announcement of this on the news feed or anywhere.

A lot of people come to the irc channel (where you never are anymore, i've been "helping" people there quite a lot every day) and have no idea what has happened to their btc orders and where's their btc.

If you weren't aware, the exchange does not have enough BTC to give out (because it was hacked) and the admin doesn't have that kind of money.

You can put up a request to withdraw the Pending BTC but it will take ages to clear.

Well done

How about vircurex, coinex, newaltex, mtgox? Had any money on those?

http://pastebin.com/raw.php?i=eLkPxLWi

http://www.coindesk.com/exchange-vircurex-freezes-withdrawals-claims-lack-reserves/

Hello Shahrukh?

It's been a few days since you said "you only do this one thing" before doing the BTC2 thing. You haven't done shit.

Time to man up.

So the trade id's are magically not incrementing? Also looks like some of my trades have gone missing from market histories.

Looks like there's something fishy in the alleged cryptostocks "118k sold already" announcement.

You can see the trading history since the listing at March 13th. Since then there are trades totaling only 1.2959 BTC (12,959 shares). There's still 369,464 shares for sale, so seems like there has been only 382,423 shares initially for sale, unless there's some way to sell those shares secretly. If there was 490,000 shares released to the public, there's 107,577 shares missing.

Also, it says "dividends will be paid 1st of april". How can there be anything to share if the site is some 30 BTC on the negative?

Is there going to be a report that shows all the transactions, operational costs, etc? How would the share holders even know if they're getting their fair share?

The info page says "The money raised during the IPO will go towards expansion of the site (advertising) and to hire additional resources to provide additional security and customer service.", there's nothing about it going towards paying out existing debts. Not telling about having huge debts and the financial situation of the exchange is straight up lying.

He's also talking about "we" all the time on the info, but there's nobody else there. It's a one man operation.

Looking at the autoincrementing trade id's in my trade history, it looks like between March 14th and today (10 days) there has been whopping total of 17 trades executed. Of those trades 10 were performed by me. There's not a lot of fees to share, sorry shareholders waiting for dividends on april 1st. (I have some ~150 shares myself)

Looks like Vircurex is doing what I suggested here.

http://imgur.com/ZJL94J3

It's nothing like mtgox. New BTC withdrawals would work just fine, it's just the old users who can't withdraw their old BTC, except that with this solution they maybe can. If the admin doesn't do anything, they will never get any of their money or it will take a long long long time.


Little late for that. That has already happened and something needs to be done. Halting all trading and stopping the whole exchange won't do shit towards getting the users paid. The admin obviously can't pull 30 BTC from his ass, especially in india where 1 BTC is a hefty months salary.

Do you maybe have some constructive criticism against the idea or does someone else? Feel free to come up with better ideas and share. I for one would like to get my BTCs out.

Hmm actually I think I have even better idea.

1) You clear ALL buy orders.
2) You create BTC2.
3) You move all existing BTC account balances to this BTC2 balance.
4) There's nothing you can do with the BTC2 except put up a withdraw request.
5) All future trading happens on real existing BTC.
6) The new "reinitialized" BTC can be withdrawn without waiting.
7) You collect BTC fees and pay out the "BTC2" withdraws with it.
And there's also another extra possibility :
You can create a BTC2/BTC market where people can try to sell their BTC2 for real BTC, obviously at a lower price, to try to get money that you can actually withdraw without waiting. Some who have some faith left in you paying out the debts in the future could invest and buy BTC2 at for example 1.3 BTC2 for 1 real BTC.

And since your exchange can't handle LTC based markets at the same time with BTC based ones, I think you should close the markets I mentioned above that are no longer suitable for BTC.

Trading with the current imaginary BTC balances MUST STOP. It only creates more people that can't withdraw.

Here's my suggestion on how to fix the situation.

PMtoCoins should convert ALL markets to LTC (and close the BTC/LTC market). This way everyone would be trading with coins that exist instead of imaginary BTC that you currently don't have in your possession. The admin could then trade the collected LTC fees to BTC to pay the debts.

This would make sense, since there are currently several markets on PMtoCoins (BEE, CAGE, CHE, EMO, EMU, FAC, FCK, GRUMP, KARM, LMC, MOON, NUT, PANDA, PENG, RBBT) that are no longer feasible for BTC market and have been converted to LTC markets on other exchanges.

Also I think it's absolutely necessary that you make the current process of paying BTC debts more transparent and organized. You need to post a list of withdraw id's and how much they are still owed. Then you process the withdraws in numerical order, not randomly based on people asking for their BTC. People would know when their turn will be by comparing their withdraw id against the list and also see that you are actually paying them out, although slowly.

I think that would practically be a modular/scriptable stratum proxy.

An intelligent stratum proxy could do this (if stratum protocol had the algo param) and a lot more. Maybe it would be possible to use it to merged mine merged minables while mining on a regular pool.

The same proxy could maybe be used on pool side to handle coin switches.

Can't the miner determine the algo by trying all it knows on the first block it gets? I don't know how it works.

Sgminer devs have basically said that sgminer = scrypt cgminer. They do not want to add other algorithms. Scrypt-n fits in since it's scrypt.

So they are probably not going to chip in.

How would you "add the coin to an exchange"?

I don't believe you can control it, any exchange can add your coin right now if they so please.