Dammit... more stuff that I want. I can never keep any Bitcoins around with you guys in business  |
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Status: 8 confirmations, broadcast through 4 nodes
Date: 9/25/2013 10:11
To: Johnniewalker 15mupv1pFi7AJVxmYPojqBvoGR7qgrEkcc
Debit: -0.403 BTC
Transaction fee: -0.001 BTC
Net amount: -0.404 BTC
Transaction ID: f09e83cab60463028a8db79df53c4c731af9940b9468d8a37644c44392964b6f
Payment sent, and address PMed. Thanks
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Its always been that way. They used to ban you if you talked about Vircurex, and probably still do. BTC-E doesn't want people advertising their competition on their site, which is understandable I guess.
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I'll purchase them all for $50 in BTC, which can be detirmined tomorrow, off to bed for me.
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At least this was actually legit speeding and, with posted speed limit signs around, you'd be at least somewhat aware of the consequences. Worst I had was in VA, where the speed limit for I95 is 75mph is some places, and the unposted law is that 80mph+ is automatically considered reckless driving. So, doing just 5mph over the speed limit, which is fairly common, instantly sets you up with threat of suspended license and jail time, or a $300 lawyer bill and reduced ticket. I got about 20 letters from lawyers even before I received the ticket itself in the mail. F'in racket.
Virginia is the most miserable state ever for speeding tickets. They will give you a ticket for going 61 in a 60 zone. I had a friend who got pulled over doing 61 in a 55 zone, and they charged him criminally. He had to drive back to Virginia to go to court, but the officer didn't show up so he got off. My dad was driving to visit me a few days ago, and he was driving through Virginia. I got a call from him saying he was running late, because there was a car wreck, and he pulled over to provide first aid to keep a woman and her kids from bleeding out. The sheriff and medics thanked him when they arrived, and he went on his way. About a half a mile down the road, he got pulled over for doing 68 in a 60 and got a ticket. |
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Things are pretty ugly for me right now.
I don't think I can comment beyond that.
Well that blows. The shut down dates and deadlines that you have listed, those are firm right? You don't have to say any more, someone or other is telling you to shut down. But you are sure they will honor your complete shutdown by the end of october correct? Its not going to be forcibly shut down half way through October leaving those that are working on plans based on the deadlines you gave high and dry? Obviously you can't see the future, but I'm asking if your current understanding is that the dates are as correct as you could possibly know. And to clarify in case I'm rambling, Where you say on October 7th, all trading will be stopped, and on the 31st the site will be taken offline, those dates will be honored by whoever is shutting you down? Also, what everyone is else is asking, have you any plans on compensating btct/litecoinglobal share holders and asset listers at this time? |
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Burnside, can you tell us if you are in legal trouble? Or is it just possible legal trouble?
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? not much time left.
Sorry, I was writing up a contract which I have pmed to both of you. |
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I confirm that Mushroomized asked me to escrow the deal for him.
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Nice, I didn't notice them.
How much are they worth?
They were a litecoin or two per share, of course depending on how many shares released and of what value each held. however with LitecoinGlobal shutting down, all of the bids/asks were reset, so its a madhouse right now. I'm an asset issuer on LitecoinGlobal myself with a Silver Mutual fund, but my goal with that was to essentially create a Litecoin:Silver exchange, so I guess that counts as internal transfer like you were talking about before. But yeah, there is a decent amount of diversity on LitecoinGlobal, which is why I believe that this will impact Litecoin more than anything else. |
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Well name some which aren't miners, exchanges or themselves.
There's gambling and that's about it. It's all a closed loop, nothing outside the usual accumulation of coins.
Well, ART is shares in a art studio that creates dividends by selling art. Esecurity 1 and 2 are shares in servers that sell Anti DDOS hosting. There are some others that I didn't read in depth enough to know exactly what they did, but they weren't gambling, exchanges, or mining contracts. |
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Should litecoinglobal.com operate at a loss for more than 30 days, burnside reserves the option to liquidate and distribute the proceeds. We don't know the reason why burnside is shutting down his exchanges, but this is plainly not the reason. The announcement reads, " As a result of recent changes in the virtual currency regulatory environment, the btct.co and litecoinglobal.com virtual stock market websites will be closing down. The following is our current schedule:" A reasonable speculation would be that he has either already recieved a cease and desist letter/pressure to shut down, or he or a lawyer feels that there is serious risk for a regulatory agency to shut down Litecoinglobal and btct so rather than waiting, he chose to shut everything down on his terms and hopefully avoid legal issues. Of course, nothing will be really known until Burnside releases more details, however I believe what I posted to be at least fairly likely and probably not too FUDy. Can someone tell me whats the difference between "public BTC address" or my "withdraw address"? Since I only have one btc address (stored on usb stick).
Site wants me to have public btc address set but as of right now I have same address in both fields.
Asset issuers can see a list of their shareholder's emails, share counts, and their "public BTC address" so if they need to continue sending you funds even if btct is down, or to liquidate and send funds to their share holders, they can do so without having to contact shareholders and confirm correct addresses and whatnot. Asset issuers however cannot get access to your account to see what Bitcoin address you normally withdraw funds to, so by having a public one, they can get BTC to you more easily. |
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I see. Well of course SR had a vastly higher volume, and if it did 140x times the volume that wouldn't have been so bad for Atlantis. No idea how the relation really was.
The point is that Atlantis distinguished LTC from any other altcoin and it represented potential for it to be used for something else than a trading game.
LTC Global isn't really something I would attribute value to. What else is there except mining contracts?
LTC Global had quite a few assets, and did an average of 6,000 Litecoins in trades per day. That is a very significant amount of liquidity that is on its way out now. |
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come up with that figure? 5 tades a week? If that's true I would rather say the valuation wasn't justified in the first place, although it might have accounted for some speculative potential.
Making conclusions based on short-term price movements for fundamentals doesn't work out. These things generally take time to be priced in.
I take it upon myself to browse SR and Atlantis, just for entertainment purposes. The 5 trades per week is an exaggeration, however I've never seen more than a handful of things listed there at any time, and nothing ever seems to sell. I've seen SR sellers complaining that they sell 10 things per day on SR, however they do 1 trade every two weeks on Atlantis. I have a feeling Litecoin Global closing down will cause a whole lot more damage than Atlantis. |
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*sighs* its been discussed over and over again. This is a Bitcoin forum, the fact that Alt Currencies are allowed here is just a pleasantry extended by the admins. If you wish to have mass gatherings of Ripple information, do so on a Ripple forum.
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Updated with Litecoin Global's shutdown news.
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Yes, this is what I've been waiting for my entire life.
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Have you ever used Atlantis though? They do like 5 trades per week. I wouldn't exactly call it a big loss to Litecoins. I'm not sure why Litecoins are at $2.35 each right now, there doesn't seem to be much actual market depth in them, however, like I said, the fact that when Atlantis shut down, and the panic sells lead to a total of 3% decrease in value, from .0200 to .0194 leads me to believe that Atlantis wont really be missed.
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