Wee exchange is a deal-breaker for me, always has been, always will be.
Beyond that, I have no idea because I'm not using a site on which I do not trust the security. When I recently got an email that the system had failed to register med for two month because I have non-English characters in my name, I got all the evidence I need that the site is developed by amateurs, and I've seen enough professionally developed money systems fail to stay miles away from anything that looks, acts, and smells like amateur hour and doesn't give me an immedate sense of security.
.b
The issue was the accepting mail server did not like the native characters provided by users on signup and was rejecting the emails. Talk about amateurs !  I was able to contact one euro ISP about it, and they had it fixed in 2 days. Others seem to large to care to response or look at their support emails. Either way, the problem has been resolved. |
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If it is already possible to have options on USD on your platform, why not use these?
Actually, you do not hold USD on BitFunder. You hold shares of the FIAT.USD asset.  |
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Please PM me your ticket id on Weex and I will personally get it handled asap.
2. Can you elaborate? You say let pricing be in other things, and then say still in BTC?
PM sent and answered, thanks I mean something like "selling 1 share of "SUKRIM.DEBT" for 10 USD", then depending on the current market anyone can use 10 USD worth of LTC or BTC to buy 1 share. This would also make it clarer for mining bond holders what they are investing in, as these need to be priced and valuated in USD imho. While I do agree this would be useful, it unfortunately opens up a whole new additional legal can of worms. Not to mention the engine constantly have to check pricing of bids. Also, as BTC price shifts around (and swings sometimes crazily within minutes) it would cause massive consistent changes to the order books. For example, if I placed $10 USD worth of a BID on the books for 1 share, as the market price (Which market should be used? gox?) can swing pretty fast in 30 minutes, causing the order to move up or down in the order book constantly. Also, the main point of these exchanges were to have cryptocurrency based exchanges, not fiat based exchanges. If you want a fiat based exchange, there are plenty around the world. Between legal, tech, and reasoning I don't see it happening. |
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As I told AMC,
I am only supportive of their mining, and not chip production.
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+1 for the AMC part  In fact, looking at it, I would say that AMC's news posts have been borderline abusive. With this, I have blocked AMC's posts from the dashboard. |
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Fees are quite simply non-competitive. You need to lower both the charges at each tier and the BTC thresholds to get there.
Any implementation of bots should include a minimum fee for bots and a minimum time that an order has to be present to allow a human to execute against the bid or offer. Otherwise you will have bot vs. bot battles that make your site unusable by humans.
The history of BTC securities is littered with the wreckage of scams, frauds, and incompetent management. You need to take some protective steps to prevent ripoffs. A few suggestions:
- have some level of peer review for new issues
- require an actual legal entity or verified identification of the issuer
- vet statements for accuracy. AMC's bullshit revenue forecasts being spammed on the front page every day make you look like a fool.
To be honest, I could not agree more. Fee's, well, that's why were in the discussion. I have been debating a while about special fees or costs and special time restrictions/allowances for API trading. As for asset listings, much like I mentioned above for the chatbox idea, I am considering requiring all asset issuers be WeExchange verified. Full AML/KYC doc's. Currently, I have been manually verifying any BFL/Avalon orders people claim to have. I will not allow anyone say "I have XXX" without proof. As for checking statements, I too have been very annoyed over the past month about the news system. Currently, like other sites, issuer's can post whatever they feel in real time. I am looking to change news posts to need an approval process. |
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Random thoughts:
I think that WeExchange is providing a significant barrier to new users, but as an existing user I don't mind it.
Options fees are way too high. 2.5% is much more fair and might even bring higher revenues. I think 10% deters a lot of people from participating in options trading.
Show sales of options on a graph like sales of stock.
No trollbox please.
Keep in mind that the 10% fee is only on the premium. Rarely will premiums ever go over 1btc let alone 10. Options originally on graphs and everywhere else, and everyone complained about "bugged trades" because the pricing can be so off the wall compared to market price. Price for a complete option has no relevance to the current market price and does nothing but confuse people, esp. new people. |
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High fees made me take my volume to btct.co.....first thing i would change.
I like the appearance. I think trollbox would be fun, but definitely not professional.
Noted on the fees. And for the trollbox, I have the same issue for the professionalism side of it which is the main reason it has not happened yet. Any attempt to keep it 'clean' would require too much moderation. Though, sometimes the people screaming "BITCOINS TANKING!!! SELL!!!" is amusing I have considered using weex to help with this. By allowing users to share WeExchange verification status with their BitFunder account. We can require chat box users to be weex verified. This means once banned from chat for abuse, it's fairly permenant. Thoughts? -Ukyo |
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1. weexchange.co's service is horrible (I have an open ticket there for now ~1 week) - please do provide alternatives!
2. Allow pricing in something else than BTC (it can still be only traded in BTC) such as LTC, USD, EUR...
3. Integrate ColoredCoins via OpenTransactions and/or Ripple IOUs so people can actually own shares, not Bitfunder IOUs of IOUs of companies (or even other IOUs).
4. Allow me to offer shares (and BTC!) to people who want to short sell/long buy.
5. An actual registration address + contact information would be nice too
1. Unfortunately WeExchange's current site and support system is extremely poorly setup. Which is why i have been spending the majority of my time on the new site. I think at this point, every open ticket is regarding Ripple or tickets going back and fourth with users who want to AML verify using PO Box's and argue that they should not have to provide documentation. If your ticket has been somehow overlooked through the masses of complains about ripple's daemon suffering from its internal problems, I apologize. Please PM me your ticket id on Weex and I will personally get it handled asap. 2. Can you elaborate? You say let pricing be in other things, and then say still in BTC? 3. Currently, there are huge legal concerns above and beyond with Ripple, as well as technical issues. So where that was once a plan and has already been built in, will have to wait until those issues (if ever) can be corrected. As for ColoredCoins, etc, I have been considering it. 4. Options trading? It's there. Unless you mean margins. Did you know that on BitFunder you can do options trading for BTC/USD ? As well as AUD and CAD? 5. As soon as I have wrapped up some very important dealings, I will be able to disclose everything publicly. Doing so in the meantime has a greater chance to harm things then help. |
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What would it take to bring new people into BitFunder?
For one, no fee for withdraw. Two, no minimum withdraw limit. These are the only two I really ask for, like how GLBSE had it. All these other stock places like cryptostocks, have these annoying regulations in place, keeping your funds. There is no fee to withdraw... What about minimum withdraw limit? 0.005 should be suffice for minimum. Currently it is at 0.01 to stop system spam attempts due to free transfers. |
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What would it take to bring new people into BitFunder?
For one, no fee for withdraw. Two, no minimum withdraw limit. These are the only two I really ask for, like how GLBSE had it. All these other stock places like cryptostocks, have these annoying regulations in place, keeping your funds. There is no fee to withdraw... |
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It would be nice to have a custom Y axis graph. Currently this just looks like a straight line (with a couple bumps), even though most of the trades vary slightly:  It would be nice for me to manually set it to show between BTC2-3 to show a better picture. This is supposed to be dynamic. I have a ticket in with Highcharts at the moment. |
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Thanks for the margin fix - that looks better - but now .span12 (the table holding 'View Asset Market') is shifted 30px to the right, because of it's own margin-left, creating a horizontal scrollbar.
The issue is not that it is shifted to the right. It is a button/tab which has padding to the sides of it. When selected, it lines up perfectly. To make it more appealing, I offset the BitFunder logo to the right more. |
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The margin-left: -30px on the .row class annoys me the most, everything on the page below the header is shifted left - does nobody else see this? (Firefox/Aurora on OSX)  The WeExchange requirement was just another hurdle for me. I opened BitFunder and BTCT at the same time, with the sole intention of getting some ASICMINER-PT - you wanted me to go sign up to another website just to get some money in, BTCT didn't, so I went with the one that gave me less work. Well, the margin was an easy fix. Thanks for pointing it out! I appreciate your thoughts on WeExchange, it will go a long ways towards future decisions for BitFunder, along with all the others I am sure to get.  -Ukyo |
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Hello everyone, I have a request for anyone who is willing to read this. (Even you Burnside! ) And especially users who do not currently use BitFunder. I have been spending the last few weeks tracking down and fixing small bugs here and there that have really been annoying people and have a few left to go. What would it take to bring new people into BitFunder?Also, what would current users love to see the most first?While I do have some very exciting things in the background going for WeExchange that should become public in the next few weeks, I am still very committed to BitFunder. Thing's in the works, some more ready than others. * Authenticated Trading API * Read-Only REST API (Yes Namworld, I know. ) * Notifications Center ( Full options suite of E-Mail and global SMS notification options ) * Asset Analysts pages What else would people like to see?For the record, yes, I know some people are not happy with the WeExchange requirement, however I intend to give it at least another month or two to see how the big changes with WeExchange effect this. But by all means, if it's a major issue stopping you from using BitFunder, please say so. Please keep in mind, having WeExchange handle BTC helps protect both it, and you. It also helps to make sure BitFunder remains speedy. Trade fees: So far, no one has complained to me about our fee structure being the reason to not use BitFunder, but I am open to suggestions. Would anyone be willing to say thats a primary reason for not using BitFunder? Someone asked for a trollbox. Sure, why not if people really want it. Thoughts?I am hoping to have the new trading API further along in the next week. It would be nice to get that going. Along with that, the new websocket system will also update all page information live, including things like balances. This means trades will no longer require actual page submissions once fully setup. For those of you not aware, if you have websocket enabled under 'Settings', then the order books should be 100% live. As I have said before, BitFunder is made for the community. If the community has demands, let's hear them! Again, even if I have it listed here already, if it means something to you, either that it really annoys you, something you really want, or something stopping you from using BitFunder, say it here and make it clear. Oh, and feel free to discuss it in #bitfunder on irc.freenode.net ( You can also use the easy IRC tab on the BitFunder Help page to come chat with us. ) Thank you for your time and support! Ukyo |
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You should be good to go now, and future support ticket's should not get stuck like that. Thank you for your patience. |
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Can you pm me with a ticket number?
Every ticket I see has a reply or waiting for response from users.
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To my understanding there are still some unclaimed shares. I will talk with DT about this as soon as he is available and we will get this resolved asap. |
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I would not want to accept Liberty Reserve... http://www.ticotimes.net/More-news/News-Briefs/Costa-Rican-arrested-in-Spain-for-alleged-financial-crimes_Friday-May-24-2013Fair warning, sketchy "exchanges" that do not do proper AML/KYC and licensing end up in deep trouble. Bank accounts gets closed, DHS gets involved, operators get picked up in other countries and tossed in jail. Best part is, you do not even have to be in the US. Just accept some (esp. New York) US citizens and transfer funds to/from them without the proper needs, and things are inevitable. Just saying, for your own safety, you should try to do things right or at least in regards to US users, or avoid them. |
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