Bitcoin Forum

Ladies and gentlemen,

Short introduction:
Hi, my name is Narimantas 'Neil' Sakalys, I am CEO of JSC Sketis, which is working under Lithuanian (EU) laws.

More then half of year ago I opened mining security on the litecoinglobal which was bought out even before the IPO and we have been operating successfully since, clocking about 30% yearly increase.

After litecoinglobal declared its ending, I thought about my investors and found out the way for it. We have now a team of 5 (and one more comming within few days, to deal with marketing and PR) who instantly declared their dedication towards the community and declared our plans to open fully legal within our law jurisdiction LTC BTC and XPM investment platforms.

Since then we have opened LITECOININVEST.COM platform, which is operating over a month now and today (for my birthday) we have opened BTCINVE.COM platform for btc equivalent. On litecoininvest we have honored all securities who wanted to migrate from litecoinglobal, listing 7 securities migrated to this point, few more thinking and our own sketis.invest security which represents our security owning the exchanges.

To tell from the eyes of others
"Sketis represents the profits of Ethera's bitcoin, litecoin, and primecoin exchanges all wrapped up into one security. Ethera stated that 100% of the profit of these three exchanges is paid to Sketis stockholders in dividends. The Litecoininvest development team itself receives no salary. They own a majority stake in Sketis and their livelihood depends on the success of these exchanges, which is reflected in the value of Sketis Investment. Good luck with the project!"

As said, we are here for the community, with long term plans, dedicated team, huge list of to do, and most important, community to influence and shape the future of those exchanges.

We are welcoming all BTC securities from any platform to relist to our platform for free. Other platforms do bribe the securities to relist or promise of relist, we dont. We think that quality is above that.

Crypto is the future, lets build it together.

If you have any questions or remarks, please dont hesitate and tell us that!


We are happy to announce our second trading platform, BTCINVE.COM a btc investment platform.

Features include:

Unified login system with litecoininvest (use the same loging/password for both platforms)
Triple security system (google 2fa, hot/cold walled system, DMZ system)
Feature work on system, catering to the needs and wishes of the community
All the features of the litecoininvest
A true pass through ltc/btc (planned in close future).

We are welcoming all the securities from btct.co for free relisting, serving the promise to the community.

Neil

edit: edited from the third post with remark which was brought to our attention in post nr2.

Hi Neil.

Modifying this message would indeed be a good idea. Start here (https://bitcointalk.org/index.php?topic=124441.0).

Message taken, I totally forgot that we are announcing to the community that had no following to what we do.

Hi, my name is Narimantas 'Neil' Sakalys, I am CEO of JSC Sketis, which is working under Lithuanian (EU) laws.

More then half of year ago I opened mining security on the litecoinglobal which was bought out even before the IPO and we have been operating successfully since, clocking about 30% yearly increase.

After litecoinglobal declared its ending, I thought about my investors and found out the way for it. We have now a team of 5 (and one more comming within few days, to deal with marketing and PR) who instantly declared their dedication towards the community and declared our plans to open fully legal within our law jurisdiction LTC BTC and XPM investment platforms.

Since then we have opened LITECOININVEST.COM  (http://LITECOININVEST.COM) platform, which is operating over a month now and today (for my birthday) we have opened BTCINVE.COM (http://BTCINVE.COM) platform for btc equivalent. On litecoininvest we have honored all securities who wanted to migrate from litecoinglobal, listing 7 securities migrated to this point, few more thinking and our own sketis.invest security which represents our security owning the exchanges.

To tell from the eyes of others
"Sketis represents the profits of Ethera's bitcoin, litecoin, and primecoin exchanges all wrapped up into one security. Ethera stated that 100% of the profit of these three exchanges is paid to Sketis stockholders in dividends. The Litecoininvest development team itself receives no salary. They own a majority stake in Sketis and their livelihood depends on the success of these exchanges, which is reflected in the value of Sketis Investment. Good luck with the project!"

As said, we are here for the community, with long term plans, dedicated team, huge list of to do, and most important, community to influence and shape the future of those exchanges.

We are welcoming all BTC securities from any platform to relist to our platform for free. Other platforms do bribe the securities to relist or promise of relist, we dont. We think that quality is above that.

Crypto is the future, lets build it together.

If you have any questions or remarks, please dont hesitate and tell us that!

Neil

Glad to see the platform is finally up and running. Good luck and hopefully we can get some solid securities listed on the exchange.

I like that you have a platform combining all three big virtual currencies BTC, LTC and XPM.
Hope this will be good as I really like the look of good old BTCT.co.

I like the ltc site and this is a nice bonus

I approve

Is this being defined as a play exchange similar to how BTCT.co was run?

For now it is, as we are operating legally. We are registred as a game creators and digital entertainers. We still have 3 steps to follow when our country laws will accept ltc/btc/cryptos as currency and will still operate as legal business. We are doing most for the security and double that for legal part.

Neil

I don't want to belittle the technical work you have put into your exchange as it seems to very clean and well designed. However you have to admit most people in Bitcoin securities are now waiting for that first legal exchange so that they can trade with confidence.

Even if your country does not accept Bitcoin as a currency you must still licence as an exchange of securities.


The trading of $millions worth of stock cannot be licenced under games and entertainment, your own securities commision will not let that pass.

This plan of "play money" until your country recognizes crypto currencies does not inspire confidence.

Thus we have 3 more steps to follow to constantly keep us within legality. Our third point (when it comes to it) including registering us as a financial operation unit. That costs alot, as we will put it back for as far as we can (as you might understand we are fighthing for the market share and doing our best to provide everything to people who are doing business within our system), but when the final step will come (when necessary) it will be done.

The fact that we are operating on the current setup does not mean we are illegal, we are legal and when the system comes we have all the steps to go along.

Neil

Still a centralized exchange......

Yes, still centralized but at least we do not have to worry about the SEC (US) coming in and shutting down this exchange. Bitfunder and btct.co was US based which was the reason they had to shut down. This platform might be the next step before we move into colored coins or another decentralized exchange system.

Not completely sure about this, but as far as I know Ukyo is from the UK. He just crapped his pants, which could also happen with Ethera.

Not with us, we have that covered. Our legals are very strong about it. Cannot say about other securities, especially based in UK.

Neil

Good luck. It's a good time to start new Bitcoin businesses.

Hi, we'd love to list the two sites on CryptFolio (http://cryptfolio.com) so that users can track the values of their securities (as users could do with LTC Global and BTCT) but you need to add two APIs - one that lists the shares that a user currently owns, and one that returns the buy/sell/last/vol of each security.

From my understanding but Ukyo is from the US and he is located in Texas. That is why he had to shut down to the the SEC (US regulators).

Its in the working schedule. Ant it will be done sooner then later.

Exchanges will always need to be centralized so there is one webpage to go to.
How do you else think it will work? lol

And how are you going to have a decentralized exchange system without the need to go to a centralized website?

Great to see this project move ahead. You guys were the most dependable mining operation this year in terms of dividends and pricing.

BTCInve looks like the spiritual successor to BTCT with more favorable operating conditions. The shared user accounts with LTCInvest is a cool feature even though I'd prefer separate identities.

What are the fees for listing an asset?

Migrating ones are for free and new ones (taking a flat look at the explosion we have) we are capping on 0.3 for now (subject to change, when btc price moves up, this one moves down).

Neil

Stop propping up this nonsense. Incompetent operators shut down businesses which become inconvenient or difficult to operate. Blaming it on the Boogeyman and imagining that going to non-Boogeymanland is panacea for the problems inherent is disingenuous in the extreme.

So where is MPEX?

The subjects of MPEx' invulnerability to the fear and paranoia of Boogeymania has been thoroughly and amply covered: 1 (https://bitcointalk.org/index.php?topic=115693.0), 2 (http://trilema.com/2013/the-many-ways-available-for-talking-to-mpex/), 3 (http://mpex.co/faq.html#21).

You can either be honest, competent, and consistent, which means you'll be left standing when those who don't match up crumble, or else you can imagine that good intentions and whatever other candy sprinkles might be enough because you're special, which means you'll be crumbling. The involvement of any third party has no bearing on the facts of this divide.

Thanks for thinking that we didn't consult with lawyers, but when we do business which we pour our heart and most important time into, we tend to cover all points. Yes, in Lithuania so far it is enough. And it will be enough till the point that EU will pass digital currency law and then within few years or so (based on last examples from the law) our country will adopt those in local laws.
Then we have 3 more options how to do it, one is registering as a financial institution, but we will postpone that as long as we can.

And yet still even after registering as financial institution we couldnt care less what 'Murica's fincen wants or puts any rulings. Lithuania has no tax bypass and no direct agreements with US so fincen can have all the fun they can, we took all preparations that we will benefit from any requests they will put in a big way.

Neil

How naive are you?
Do you think it exist laws for crypto currencies yet?
Every law out there is referring money as fiat paper money in case you did not know.

Lolz.  "Digital entertainers"? :D  Is this you? VV

http://th04.deviantart.net/fs70/PRE/f/2011/100/8/6/dj_pony_in_the_studio_by_johnjoseco-d3dospb.jpg

Or is "digital entertainers" a euphemism for "interweb clowns"?  If so, i have to warn you -- you're entering into a very competitive field.  Most of the gags (like the hilarious "we're just a game") have already been done to death by your fellow digital entertainers. :-\

I see you got first listing in waiting. Oddly enough it doesn't have any votes for or against.

The footer has a link to LTC trading which isn't exactly topical.

want to be taken seriously?
publish a boatload of information about your exchange. People, legal framework, technical details. Provide Proof that you will do better.
The only thing I should have to to is got through you documents and verify them.
I really hope your exchange will be succesfull but having trust in the Lord and a webdesigner isn't much of a solid foundation.

Today we've added support to keep track of BTCInve accounts and securities to CryptFolio (https://cryptfolio.com) (thread (https://bitcointalk.org/index.php?topic=192423.msg4873162#msg4873162)).

CryptFolio helps you safely keep track of accounts and securities over time, and generates reports (such as your overall USD net worth and historical security values). We've also started to collect historical data (https://cryptfolio.com/historical) on securities (such as LTC.LT-MINE-C.PT (http://cryptfolio.com/historical?id=securities_btcinve_btc&days=180&name=LTC.LT-MINE-C.PT)), which can also be added to your reports.