Resolved.

ronyab · Dec 26, 2023

PvM Services Niki · Dec 26, 2023

Hello,

Except for the individual reporting this, everyone else understood an announcement we made previously. At that time, we decided to cease accepting crypto deposits and bore the losses resulting from that decision. I'd like to emphasize that we provided everyone with the option to either withdraw their deposits in full or opt for liquidation, given the substantial losses incurred due to a plummeting market.

A declining market not only signifies operational losses but also underscores the reason behind our alteration in the deposit system. It poses a safety risk for customers, potentially encouraging fraudulent activities due to the stable USD values within our internal wallet system. (Manual adjustments were not enforced, nor was it technically possible to automatically adjust deposits based on current BTC prices.)

The same volatility responsible for value drops can also lead to surges, creating a conflicting situation in this unfortunate circumstance. I want to emphasize that the individual in question acknowledges the existence of the announcement, a fact supported by two other credible workers.

In a screenshot it is also said that instead of bumping the value, we asked to ask a friend for a deposit loan - meaning it is/was treated as USD - as can be seen here:
https://i.imgur.com/LxPSBya.png

The most recent alteration in our spreadsheet occurred on March 21, 2022. Since then, there have been no further modifications made to our crypto deposit tracking. Rony's deposit occurred approximately 9 months after this last update.

While we acknowledge the unfortunate nature of this situation, we stand by our beliefs because:
a) We personally absorbed the losses at that time and offered everyone a fair choice when the coins experienced significant drops.
b) The rationale for discontinuing crypto deposits is understandable.
c) Others received their full compensation.
d) Either he failed to comprehend the decision back then or is unwilling to do so now.

In summary, he made a crypto deposit under the assumption that we were still using our "old" deposit system, unaware that we had discontinued it nine months prior.

Pikachu · Dec 26, 2023

@PvM Services Niki, prior to the system change, were all deposits made in BTC amounts rather than dollar amounts? Secondly, do you have proof of the system change in a form that @ronyab would be notified?

PvM Services Niki · Dec 27, 2023

Hello Pikachu,
The specific currency used for deposits is inconsequential since all deposits were and are automatically converted to USD (99.9% of the time – and now 100% of the time).
Nevertheless, certain individuals expressed a preference for depositing cryptocurrencies like BTC, SOL (refer to the provided screenshot), or other coins for temporary needs, such as fulfilling a particular order with a substantial deposit requirement (e.g., 10b+ Irons). The proposed process involved making a deposit, completing the job, and then receiving the deposit back, all within a short time frame.
It's important to note that job durations are not extended over a year, and even if they were, it wouldn't be logical to hold the deposit in a currency susceptible to significant volatility (e.g., a 10/20/30+% drop in a short timeframe). We would not have accepted non-cash deposits based on lessons learned from past experiences, and no such transactions occurred after March 2022.

Regarding proof, regrettably, we are unable to provide written documentation. (Same old story again... multiple servers deleted) In light of our past experiences, we have implemented a proactive approach to documentation since February 2023. We've diligently backed up every message, and I can provide evidence of our efforts to recover any potential announcements that may have been made.
The most compelling evidence can be found in the attached screenshot: https://media.discordapp.net/attach...60219efaeb9122&=&format=webp&quality=lossless
Three months after the initial deposit and eight months before this current report, I explicitly communicated our stance on adapting deposit values. I made it clear that the fluctuation of cryptocurrency values is inconsequential to us, as our sole consideration is the USD value. I emphasized that I did not withdraw funds from individuals during periods of cryptocurrency market downturns.
In addition to the aforementioned screenshot, it's crucial to note that the most recent update to our spreadsheet occurred on March 22nd, 2022. Since that date, no alterations or modifications have been made to the tracking sheet. it underscores the cessation of tracking for cryptocurrency deposits since March 22nd, 2022.
https://media.discordapp.net/attach...t=webp&quality=lossless&width=1062&height=504
However, Rony's acknowledgement of an announcement adds weight to the situation. While there's a possibility of misunderstanding, his lack of disagreement suggests an awareness of the announcement's existence.
Another detail that should be mentioned: One of the contributing factors to his loss of manager status is his occasional difficulty in adhering to rules. It may not be coincidental that a similar pattern emerged in this situation as well.

ronyab · Dec 27, 2023

hello pikachu,
to niki:
while you're talking a big game,you've provided an evidence that you 're clearly did a lot of *effort* on it,you can see above in the screenshots that **I**'ve sent you that evidence, to prove that i have btc with you with the transcript ,and would like to add that you couldn't provide a change of system or a proof of it, more than that using shade as a strategy wouldn't win you the case without proof.

Pikachu · Dec 27, 2023

In the original agreement ticket, there was no clear consensus on the preference for storing the currency value in BTC rather than USD. Furthermore, the OP (Original Poster) made a withdrawal in a dollar amount later on instead of BTC, which doesn't support their argument. That's why I asked Niki what the default is. Regardless, the default on Sythe would be to assume USD unless otherwise specified. There is no indication in the communication between both parties that @ronyab intended to store the value in BTC rather than USD. Also, to emphasize my point, @ronyab never disputed the USD amount here: https://cdn.discordapp.com/attachme...d4f741926cfe85638c1c46d3251d157c36330dd0a658&.

In short, it's not @MyPvM's fault, as they never agreed to the BTC amount.

Pikachu edit: This has been paid in full.

Resolved.

ronyab

Newcomer

PvM Services Niki

Apprentice

Legend

PvM Services Niki

Apprentice

ronyab

Newcomer

Legend

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