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Author Topic: [BTC-TC] Virtual Community Exchange [CLOSED]  (Read 315984 times)
freedomno1
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September 23, 2013, 09:29:11 AM
 #2201

Hmm no Mpex here surprised
But well its cleaner than GLBSE still U_U
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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drawingthesun
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September 23, 2013, 09:29:11 AM
 #2202


  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.


I think you should make your trade profile public so people can see you did not sell off

What are you talking about? Its his site he can fake anything he wants.
ShroomsKit
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September 23, 2013, 09:30:05 AM
 #2203

shroomskit, please shut up, you are not helping, all this mess is going to be a pain in the ass and your posts are only harmful to the shareholders.


burnside, again, can you give us a word about these legal issues?

For what you know, bitfunder could suffer the same issues or they are only applicable to US companies?

Sure man, it's actually my fault the whole thing is imploding.

Its price is not a very relevant factor in its adoption....
Pompobit
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September 23, 2013, 09:33:37 AM
 #2204

shroomskit, please shut up, you are not helping, all this mess is going to be a pain in the ass and your posts are only harmful to the shareholders.


burnside, again, can you give us a word about these legal issues?

For what you know, bitfunder could suffer the same issues or they are only applicable to US companies?

Sure man, it's actually my fault the whole thing is imploding.

Nobody is saying it is your fault, I'm only saying that insulting burnside really doesn't help. Insult him when all is over.


Please burn, can you answer to my question?
merv77
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September 23, 2013, 09:35:28 AM
 #2205

everything seemed fine couple hours ago...

What's going on.Huh

Are we meant to sell everything...?

Are the shares being transferred to another exchange..?  Which should have happen before the 'CLOSING' announcement.

If transferred to another exchange, which one...?

AND could you explain what brought this on...
What has happen for you to do this suddenly...

Are you being forced into this by some higher power... like the US government...
My apologies if you have explained this aready
Rannasha
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September 23, 2013, 09:37:24 AM
 #2206

Are we meant to sell everything...?

Are the shares being transferred to another exchange..?  Which should have happen before the 'CLOSING' announcement.

If transferred to another exchange, which one...?

That is up to the issuer of each asset. Contact whoever runs the company you've invested in for details.

Needless to say, some issuers will handle this transition more fairly than others.
elasticband
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September 23, 2013, 09:40:26 AM
 #2207

Are we meant to sell everything...?

Are the shares being transferred to another exchange..?  Which should have happen before the 'CLOSING' announcement.

If transferred to another exchange, which one...?

That is up to the issuer of each asset. Contact whoever runs the company you've invested in for details.

Needless to say, some issuers will handle this transition more fairly than others.

Every share holder contacting the issuer is not going to help the process or speed things up, it is probably best to give them a few days(the ones you trust anyway) to sort alternatives and figure things out for themselves as i doubt BS gave them anymore notice than the shareholders.
burnside
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September 23, 2013, 09:44:58 AM
 #2208

shroomskit, please shut up, you are not helping, all this mess is going to be a pain in the ass and your posts are only harmful to the shareholders.


burnside, again, can you give us a word about these legal issues?

For what you know, bitfunder could suffer the same issues or they are only applicable to US companies?

I can't comment on the regulatory issues.  I wish I could elaborate, but I cannot at this time.

I can't comment regarding BitFunder.


How about:
1. Lock trading
2. Make announcement
3. Clear books
4. Resume trading after 1 day (or any other deadline)

btw: dude you're acting like an ass.

We considered it.  Unfortunately it would have resulted in a larger flood than we have right now.

I am definitely not trying to be an ass.  It's 3 am here, I'm trying to keep the site online so my comments have been brief.
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September 23, 2013, 09:46:19 AM
 #2209

shroomskit, please shut up, you are not helping, all this mess is going to be a pain in the ass and your posts are only harmful to the shareholders.


burnside, again, can you give us a word about these legal issues?

For what you know, bitfunder could suffer the same issues or they are only applicable to US companies?

Sure man, it's actually my fault the whole thing is imploding.

Nobody is saying it is your fault, I'm only saying that insulting burnside really doesn't help. Insult him when all is over.


Please burn, can you answer to my question?

Let me make a guess.

The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement,collateral-trust certificate,
preorganization certificate or subscription, transferable share,
investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or
other mineral rights, any put, call, straddle, option, or privilege
on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value
thereof), or any put, call, straddle, option, or privilege entered
into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly
known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any
of the foregoing

http://www.sec.gov/about/laws/sa33.pdf

How do you reckon,  are btct shares and options not securities? And before you start claiming "its in bitcoin", it doesnt matter:

) The term ‘‘sale’’ or ‘‘sell’’ shall include every contract of
sale or disposition of a security or interest in a security, for
value. The term ‘‘offer to sell’’, ‘‘offer for sale’’, or ‘‘offer’’ shall
include every attempt or offer to dispose of, or solicitation of
an offer to buy, a security or interest in a security, for value


It doesnt say dollars. Bitcoins constitute value, the SEC has already established that in the Pirateat40 case.

GGGGG
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September 23, 2013, 09:47:15 AM
 #2210


I can't comment on the regulatory issues.  I wish I could elaborate, but I cannot at this time.


Did you receive a national security letter?
Pompobit
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September 23, 2013, 09:49:16 AM
 #2211

shroomskit, please shut up, you are not helping, all this mess is going to be a pain in the ass and your posts are only harmful to the shareholders.


burnside, again, can you give us a word about these legal issues?

For what you know, bitfunder could suffer the same issues or they are only applicable to US companies?

Sure man, it's actually my fault the whole thing is imploding.

Nobody is saying it is your fault, I'm only saying that insulting burnside really doesn't help. Insult him when all is over.


Please burn, can you answer to my question?

Let me make a guess.

The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement,collateral-trust certificate,
preorganization certificate or subscription, transferable share,
investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or
other mineral rights, any put, call, straddle, option, or privilege
on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value
thereof), or any put, call, straddle, option, or privilege entered
into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly
known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any
of the foregoing

http://www.sec.gov/about/laws/sa33.pdf

How do you reckon,  are btct shares and options not securities? And before you start claiming "its in bitcoin", it doesnt matter:

) The term ‘‘sale’’ or ‘‘sell’’ shall include every contract of
sale or disposition of a security or interest in a security, for
value. The term ‘‘offer to sell’’, ‘‘offer for sale’’, or ‘‘offer’’ shall
include every attempt or offer to dispose of, or solicitation of
an offer to buy, a security or interest in a security, for value


It doesnt say dollars. Bitcoins constitute value, the SEC has already established that in the Pirateat40 case.



yes I knew about that, what it is not clear, is if the sec can also shut down non-US exchangers with US companies listed in
burnside
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September 23, 2013, 09:51:14 AM
 #2212

Every share holder contacting the issuer is not going to help the process or speed things up, it is probably best to give them a few days(the ones you trust anyway) to sort alternatives and figure things out for themselves as i doubt BS gave them anymore notice than the shareholders.

Contacting any other parties in advance was not an option.  There should be plenty of time to figure things out.
elasticband
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September 23, 2013, 09:54:46 AM
 #2213

how's your trades been in the last few hours BS?

I myself have bought some AM at what i hope is low prices to try and offset the giant approximate loss i am holding on Asicminer-PT shares.

pikeadz
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September 23, 2013, 10:02:34 AM
 #2214

I understand you're upset.  If I didn't care I wouldn't be here.  (tho I am going to pass out soon.  exhausted.)

yifu? is that you?  i hope this isn't bad for your chi, but perhaps YOU should have thought this through before doing something like this.  go rest in mommy's bed now and come back when you've had your nappy time.

dexX7
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September 23, 2013, 10:07:08 AM
 #2215

Can you please clarify:

Trading halt - the website states the Octobre 7 for "secondary markets". I'm not sure, if this includes all trading on BTCT or only option trading. When will regular trading be stoped?

bitcoinFan1987
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September 23, 2013, 10:09:18 AM
 #2216

I just withdrew bitcoins from the website

Withdraw
Current Balance:   0.00200000 BTC
Fee Reserve:   0.0025 BTC (for potential client transaction fees)
Max Withdraw:   0 BTC
Withdrawn Today:   0.379914 BTC (Manual Threshold Remaining: 4.530086 BTC)
Withdrawal Amount:   
Withdraw to:   18jLTVQ52aeYP5CWgr8hRyBUS8xEba93nV
Google Auth   

but the blockchain is not showing any transaction:

https://blockchain.info/address/18jLTVQ52aeYP5CWgr8hRyBUS8xEba93nV


Anybody else have the same issue?
drawingthesun
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September 23, 2013, 10:10:34 AM
 #2217

but the blockchain is not showing any transaction:

https://blockchain.info/address/18jLTVQ52aeYP5CWgr8hRyBUS8xEba93nV

It says 1 confirm.
bitcoinFan1987
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September 23, 2013, 10:10:55 AM
 #2218

the blockchain updated while I was posting!

thanks anyways.
Rannasha
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September 23, 2013, 10:11:43 AM
 #2219

Can you please clarify:

Trading halt - the website states the Octobre 7 for "secondary markets". I'm not sure, if this includes all trading on BTCT or only option trading. When will regular trading be stoped?

From Wikipedia:
Quote
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of treasuries. After the initial issuance, investors can purchase from other investors in the secondary market.

Secondary market *is* the regular BTCT market. It doesn't have anything to do with the distinction between market for regular assets and the derivative (option) market.

So on 7 October, all tradeing will stop. You then have until the end of the month to pull your funds/data out.
freedomno1
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September 23, 2013, 10:12:24 AM
 #2220

Anyways going off
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