[BTC-TC] Virtual Community Exchange [CLOSED]

[Rannasha]

any movement/word on the return of registrations?

See the previous page ^^

[radiumsoup]

any movement/word on the return of registrations?

See the previous page ^^

saw burnside's post, but totally missed the timestamp - assumed it was a few days ago for some reason.

[usagi]

We've been trying to work out some fairly serious issues.  I really hope to be able to post more soon.

EEK! Burnside, we've seen this before. If you can't comment on this, it can only mean you are in legal trouble, and then everything will go to hell. Especially given that it implies you have been forced to close registration either by lawyer's advice or officially.

Based on my past experience I am going have to act as if BTC-TC will close within 24 hours.

BMF reminds it's investors that it is not liable for losses caused by the closure of an exchange... :/

[usagi]

We've been trying to work out some fairly serious issues.  I really hope to be able to post more soon.

EEK! Burnside, we've seen this before. If you can't comment on this, it can only mean you are in legal trouble, and then everything will go to hell. Especially given that it implies you have been forced to close registration either by lawyer's advice or officially.

Based on my past experience I am going have to act as if BTC-TC will close within 24 hours.

BMF reminds it's investors that it is not liable for losses caused by the closure of an exchange... :/

Immediately after this I placed all securities on sale and attempted to withdraw the balance of BMF's account (more than 50 BTC).

Not 20 min later, I see this:

"Apologies. Trading has been temporarily frozen for system maintenance. We'll be back shortly"

Additionally, my balance shows "Balance: 0" which means we are missing ~80 BTC.

That is so not cool.

[burnside]

IMPORTANT NOTICE TO ALL BTC TRADING CORP WEBSITE PARTICIPANTS

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:

Approximately a week ago, both sites were closed to any new users and new asset creation was disabled.
 
Effective immediately, in conjunction with this release, trading will be halted, all order books cleared, and trading re-enabled.
 
October 7, 2013, all forms of secondary market trading will be halted on both sites.
 
Approximately October 31, 2013, both sites will be taken offline.  It is strongly suggested that participants take the following steps to protect all of their virtual assets:
 
All participants should take steps to transfer all of your BTC and LTC (and any other data you wish to keep, such as CSV trade histories) held on the sites to your personal computer or another trusted site.
 
All participants should make sure that their public BTC or LTC address is properly set in the Account page on the Settings tab whereby it can be shared with all issuers.
 
All “issuers” should have the contact information concerning their “investors”, and we ask that all “issuers” communicate with their “investors” as soon as possible as to how they will ensure that all are treated appropriately.

We regret this development. However, we want to do everything we can to minimize problems arising from this transition.  It is our goal to keep this shutdown orderly and calm.

Thank you for your participation, creativity, loyalty and sense of community over the past year.  Additional communications will follow as we work out the details.

Ethan Burnside
BTC Trading Corp.

[burnside]

I know there are going to be lots of questions. 

I will do what I can to answer questions and concerns tomorrow.

[cw92]

My balance was immediately reduced to 0 after this announcement. Burnside??

Edit: Balance is now displaying properly

[Sou]

aaand it's gone.

[TMAN]

Wtf

[burnside]

My balance was immediately reduced to 0 after this announcement. Burnside??

Side effect of the trade lock.

Trading has been unlocked.

[TMAN]

There is a glitch when selling, an additional 0 went in the price, I've just lost 10 btc...

Burnside please reply to my pm,s

[Sou]

There is a glitch when selling, an additional 0 went in the price, I've just lost 10 btc...

Burnside please reply to my pm,s

Labcoin, ay?

[iCEBREAKER]

This is great news!  Can't wait for Ciphermine to be on Bitfunder!  

[Progressive]

There is a glitch when selling, an additional 0 went in the price, I've just lost 10 btc...

Burnside please reply to my pm,s

This is no glitch - the price prefilled is from the other side of the order book.

[ChefBorjan]

Wow, sorry but that was very careless of you TMAN.

Not anyone's fault but your own, you dont just click the sell button without checking the price first.

Someone else is laughing though. They will make almost 10x their money back off this.

[TMAN]

Can't be, I put it I. Correct, I was putting a sell not filling the asks, it was 8am here I'm not retarded in the morning

[ChefBorjan]

No, I was online at the exact same time, I sold ONE share at 0.004 just to test how the trading engine was working.

You however (S) 4606 @ 0.00025000 LABCOIN two minutes before me. You sold into the bids that where there at the time.

I think you panicked and didn't check what you were doing, now all you can do is claim it was a glitch.

[redbeans2012]

So did you sell all your positions before the announcement Burnside?  Why not sell your site?

[TMAN]

No, I was online at the exact same time, I sold ONE share at 0.004 just to test how the trading engine was working.

You however (S) 4606 @ 0.00025000 LABCOIN two minutes before me. You sold into the bids that where there at the time.

I think you panicked and didn't check what you were doing, now all you can do is claim it was a glitch.

I double checked it,  burnside will be able to see I am sure, if it was my fault then ill have to suck it up. But I believe it wasn't my error. Either way we live and learn

[nomnomnom]

wtf. I have 1 ASICMiner-PT, can this be transfered to a direct share then now?