Mirror (non)Trading International 2 - The Fallout

[D@leW]

Wow when your "investors" are so clueless and have so little understanding about crypto that they don't even know they could verify the actual withdrawal even in unconfirmed state near real time after it is send out.

The network itself will confirm your transaction no problem within the next block even right now assuming they use at least a reasonable network fee which is not that high that these withdrawals cannot be send out for cheap.

Even more so, if they batch together withdrawals they can use a lower combined network fee that in turn would cost nearly nothing per withdrawal included in the batch processing.

Plain and simple, if your supposed withdrawal does not show up within a minute on the blockchain in unconfirmed state after they apparently update the transaction as send then they did not send out jacksht.

That's assuming the request has been sent. The last time the "blockchain was slow" was when they queued up a massive set of dependent requests, which meant they had to be proceeded sequentially. The transaction ID is generated by the submitter, not the blockchain, and therefore you can be sent a valid transaction ID that hasn't hit the blockchain yet for verification. Easy enough to confirm if they did this again this time, but I'd need an example transaction ID.

 

[Spxdxrbxtxs]

I don't know how else to link it @Spxdxrbxtxs

I took the screenshots in the video I put on the post.

​

@Spxdxrbxtxs - if you do a direct reply, then you'll see the text of the youtube link.

You can discard it afterwards if necessary.

Thanks - much obliged!

 

[RandomGeek]

It’s stated in this video that “MTI IS THE BANK OF THE FUTURE”...twice
I should think that that alone is enough to call in the banking regulators.
no banking license.
Who here can push this fact?

(B)ank of the future or (W)ank of the future?

 

[JayM]

It’s stated in this video that “MTI IS THE BANK OF THE FUTURE”...twice
I should think that that alone is enough to call in the banking regulators.
no banking license.
Who here can push this fact?

Send them a DM: https://twitter.com/SAReserveBank. They have quite a few followers and it would be useful if they put out a warning there.

 

[schalkiesand]

Here is the English version.

Ethereum?

 

[aofafrica]

Posted before , but: read below. Precisely why.
The blind , leading the blind .

I made this. I am so proud.

 

[r00igev@@r]

No Monday morning raid causing Cheri to cr@p in her cornflakes.

Come now Brendan, up your game.

 

[Waldman Jordaan]

I think you misread the article, it is exactly about the opposite.

There is no better time than now to be overexposed in crypto considering the trend of the fiat/traditional market that is going poop-poop into probably the new recession. Covid19 lockdowns just fast tracked the disease.

Back on the topic of MTI, there is no better time than to get out right now. People will slowly have to start living of their BTC "gains" more and more often when the investments/systems around them start to implode and that would mean more withdrawals will start to pop up.

I'm the first one to admit that I know basically nothing about Crypto and also do not understand the fundamentals. To add to that, I've only lost money with Crypto.

However, what I do know is: when the maid and gardener starts to invest in the stuff you've invested in, its time to get the hell outa there. I feel this is exactly where Crypto finds itself right now - every Tom, Dick and Fxcknxckle is in it knee deep...

 

[DesertWrangler]

I'm the first one to admit that I know basically nothing about Crypto and also do not understand the fundamentals. To add to that, I've only lost money with Crypto.

However, what I do know is: when the maid and gardener starts to invest in the stuff you've invested in, its time to get the hell outa there. I feel this is exactly where Crypto finds itself right now - every Tom, Dick and Fxcknxckle is in it knee deep...

Your maid and gardener also keep cash. Does that mean you should not keep any cash? The way I see crypto, is as the cash of the future.

 

[Waldman Jordaan]

Your maid and gardener also keep cash. Does that mean you should not keep any cash? The way I see crypto, is as the cash of the future.

I respectfully disagree that Crypto is the Cash of the future. For me its a commodity which is traded to make money. Consumers do not buy Crypto to spend Crypto.

My understanding is that most people simply buy Crypto, because CRYPTO. What are the fundamentals?
If a knowledgeable share investor buy into stocks of a particular company, they will research quite a bit and see where the company is heading with R&D, or who is at the helm or whatever criteria they look at.

Most people don't seem to care what price they pay for Crypto, just look at BitCoin. It drives up prices and just remember, especially in Crypto: for every Winner, there needs to be Losers - there is no value added anywhere.

 

[LJ1234]

I respectfully disagree that Crypto is the Cash of the future. For me its a commodity which is traded to make money. Consumers do not buy Crypto to spend Crypto.

My understanding is that most people simply buy Crypto, because CRYPTO. What are the fundamentals?
If a knowledgeable share investor buy into stocks of a particular company, they will research quite a bit and see where the company is heading with R&D, or who is at the helm or whatever criteria they look at.

Most people don't seem to care what price they pay for Crypto, just look at BitCoin. It drives up prices and just remember, especially in Crypto: for every Winner, there needs to be Losers - there is no value added anywhere.

I must admit. I don't know too much about Crypto but for me it is just an investment. In my own account with my own keys.

 

[Frikkadel23]

Crypto is the future. No more cash heists, you can see if the zuptas have stolen money and where it’s gone.
CBDCs are coming and they are coming fast.

 

[warrenpridgeon]

just remember, especially in Crypto: for every Winner, there needs to be Losers - there is no value added anywhere.

Not always true... If I buy 1 BTC at R150 000 and sell it to you at R160 000 I've made R10 000 and you've got an [intangible] asset worth R160 000... You could later sell it for R175 000 and make R15 000. We've both made money. Yes, obviously it could tank and then you lose.

 

[balrog]

I respectfully disagree that Crypto is the Cash of the future. For me its a commodity which is traded to make money. Consumers do not buy Crypto to spend Crypto.

My understanding is that most people simply buy Crypto, because CRYPTO. What are the fundamentals?
If a knowledgeable share investor buy into stocks of a particular company, they will research quite a bit and see where the company is heading with R&D, or who is at the helm or whatever criteria they look at.

Most people don't seem to care what price they pay for Crypto, just look at BitCoin. It drives up prices and just remember, especially in Crypto: for every Winner, there needs to be Losers - there is no value added anywhere.

Read this as intro:

Bitcoin ‘Best Reserve Asset Ever,’ Says Investor Raoul Pal - Decrypt

The Real Vision and Global Macro Investor founder and CEO writes extensively about what he calls “the hardest asset ever produced.”

decrypt.co

Watch some of his videos on Youtube, search for "Raoul Pal".

Once you really understand, you will see why everyone wants BTC.

Also, do not confuse any investments/projects etc. etc. with Bitcoin.

Also refer to Microstrategy's recent purchases of BTC and follow their CEO to further understand why Bitcoin is the hardest form of money in existence. The time is running out to get your own slice of BTC - the big corporates are coming.....

 

[newby_investor]

Let's not derail the MTI thread now ;-) we have a whole forum section where we can debate the ins and outs of cryptocurrencies!

 

[Whyarewehere]

This oke has been in every scheme possible under the guise of being a christian!!!!!

Oh shaun was big into bitcoin global and cwe, should add him to the wiki, he has his own website. He is in every scam

 

[Whyarewehere]

I thought i would see the news by now that there are complaints on the telegram group about asking to withdraw and getting an email with a different bitcoin addy than the one supplied. They have been told if they see this to cancel the withdrawl and redo. Did anyone else see this.

 

[Whyarewehere]

WITHDRAWALS ISSUE HAS BEEN RESOLVED

Due to the recent FSCA raid and previous breach of data, our CEO Johann Steynberg implemented an added security measure to ensure no member account withdrawals were compromised - so all withdrawals generated over the last few days receiving wallet was defaulted to their Account Income Wallet.

If you look under ADD FUNDS tab it shows that same wallet address showing. No member will lose any BTC this way should anyone have gained access. All added security measures are now in place and it is now safe for members to withdraw, therefore please ask those members affected to simply cancel their pending withdrawal (this issue has now been resolved and withdrawals now show under WITHDRAWALS) and regenerate.

We again urge all members to ensure they have 2FA enabled on their MTI Acc, Gmail Acc and their External Wallet. MTI apologizes for any inconvenienced caused.

This does stand to prove, yet again, how committed our CEO is to the safety and wellbeing of both MTI and all members and their BTC.

 

[warrenpridgeon]

I thought i would see the news by now that there are complaints on the telegram group about asking to withdraw and getting an email with a different bitcoin addy than the one supplied. They have been told if they see this to cancel the withdrawl and redo. Did anyone else see this.

Screenshots?

All I've heard about is withdrawal delays so far (no screenshots cos I've been booted) and some "administrative glitch"

 

[Whyarewehere]

i PAY ATTENTION!!!!!!! i've just cancelled my withdrawal, yhe email confirm is right with right adress of my wallet, but on MTI the adress of withdrawal is DIFFERENT !!!!!!!!!!

This was prior to the message above