[BTC-TC] Virtual Community Exchange [CLOSED]

[SaltySpitoon]

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.

[1714983764]

1714983764

[SebastianJu]

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.

Click on that message. Its a bad made link. Then you will find what the page wants. I didnt find it before too. Sat up withdraw address but still got the message.

[Rannasha]

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.

Withdrawal address is simply what you use to withdraw coins to. The public btc address is something that asset-issuers can use to identify you with. After the site is offline, asset-issuers can pay dividends or buybacks to your public address. Also, in case the asset changes to a "direct share" setup (like ASICMINER uses), you can use your public address to sign messages with and asset issuers can verify that the message came from you.

There is no problem with having the withdrawal address the same as your public address.

[stefffe]

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.

Click on that message. Its a bad made link. Then you will find what the page wants. I didnt find it before too. Sat up withdraw address but still got the message.

No no, Im not talking about bad links... Im just wondering what is the difference between public btc address and withdraw address, and why I should not use the same address.

[stefffe]

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.

Withdrawal address is simply what you use to withdraw coins to. The public btc address is something that asset-issuers can use to identify you with. After the site is offline, asset-issuers can pay dividends or buybacks to your public address. Also, in case the asset changes to a "direct share" setup (like ASICMINER uses), you can use your public address to sign messages with and asset issuers can verify that the message came from you.

There is no problem with having the withdrawal address the same as your public address.

Thanks dude!

[ooeygooeygold]

Can I transfer my shares to bitfunder without selling them?

[Rannasha]

Can I transfer my shares to bitfunder without selling them?

Check the thread of the asset(s) you have shares in. Contingency-plans are up to the individual asset-issuers.

[creativex]

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.

I quoted a section of the ltc-global contract. The shutdown conditions stated there were not met.

[freedomno1]

My transaction got rejected from the node on btct anyone know what to do in this case

http://blockchain.info/rejected
4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c   ConnectInputs() : mapTransactions prev not found 799ccb1f2d502cb54cdb0a3b7149612ad28f831e9ba2ff94dad4a814b224f527   2013-09-23 19:54:54

[thy]

Is there some problems with deposits on BTC.TC at the moment i sent over some coins there, it showed up as 0/3, 1/3, 2/3 confirms then when it got up to 3/3 the incoming deposit dissapeard but it dident show up om my account !

EDIT The coins showed up after some minutes, maby just high load or something on the site at the moment..

[Deprived]

My transaction got rejected from the node on btct anyone know what to do in this case

http://blockchain.info/rejected
4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c   ConnectInputs() : mapTransactions prev not found 799ccb1f2d502cb54cdb0a3b7149612ad28f831e9ba2ff94dad4a814b224f527   2013-09-23 19:54:54

The rejection has absolutely nothing to do with BTC-TC.  Looks like you were trying to double-spend or something - or sending coins that hadn't yet arrived.

[btceic]

I tried withdrawing my funds, msg says trading halted.

[freedomno1]

My transaction got rejected from the node on btct anyone know what to do in this case

http://blockchain.info/rejected
4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c   ConnectInputs() : mapTransactions prev not found 799ccb1f2d502cb54cdb0a3b7149612ad28f831e9ba2ff94dad4a814b224f527   2013-09-23 19:54:54

The rejection has absolutely nothing to do with BTC-TC.  Looks like you were trying to double-spend or something - or sending coins that hadn't yet arrived.

Weird the coins are in limbo though all I did was request a withdrawl on btct
So it should be a normal transaction deprived

Hello,

This is confirmation of your requested withdrawal.

Account: freedomno1
Transferred: 22.30635366 BTC
Payment Address: 14oVPgCYK9MFZdvXMg65DpnnpnThGCfXdm
Transaction ID: 4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c
Site Fee: 0 BTC
bitcoind Fee: 0 BTC

Thank you for using BTC-TC

But I guess from your explanation burnside might have done a double spend from the hot wallet then
Well will wait till he gets back

[Peter Lambert]

I tried withdrawing my funds, msg says trading halted.

Did you add the "public bitcoin address" yet?

[Deprived]

My transaction got rejected from the node on btct anyone know what to do in this case

http://blockchain.info/rejected
4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c   ConnectInputs() : mapTransactions prev not found 799ccb1f2d502cb54cdb0a3b7149612ad28f831e9ba2ff94dad4a814b224f527   2013-09-23 19:54:54

The rejection has absolutely nothing to do with BTC-TC.  Looks like you were trying to double-spend or something - or sending coins that hadn't yet arrived.

Weird the coins are in limbo though all I did was request a withdrawl on btct
So it should be a normal transaction deprived

Hello,

This is confirmation of your requested withdrawal.

Account: freedomno1
Transferred: 22.30635366 BTC
Payment Address: 14oVPgCYK9MFZdvXMg65DpnnpnThGCfXdm
Transaction ID: 4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c
Site Fee: 0 BTC
bitcoind Fee: 0 BTC

Thank you for using BTC-TC

Ah sorry - misundestood, thought you were talking about a deposit.

I'm sure burnside will fix it when he shows up.

[freedomno1]

My transaction got rejected from the node on btct anyone know what to do in this case

http://blockchain.info/rejected
4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c   ConnectInputs() : mapTransactions prev not found 799ccb1f2d502cb54cdb0a3b7149612ad28f831e9ba2ff94dad4a814b224f527   2013-09-23 19:54:54

The rejection has absolutely nothing to do with BTC-TC.  Looks like you were trying to double-spend or something - or sending coins that hadn't yet arrived.

Weird the coins are in limbo though all I did was request a withdrawl on btct
So it should be a normal transaction deprived

Hello,

This is confirmation of your requested withdrawal.

Account: freedomno1
Transferred: 22.30635366 BTC
Payment Address: 14oVPgCYK9MFZdvXMg65DpnnpnThGCfXdm
Transaction ID: 4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c
Site Fee: 0 BTC
bitcoind Fee: 0 BTC

Thank you for using BTC-TC

Ah sorry - misundestood, thought you were talking about a deposit.

I'm sure burnside will fix it when he shows up.

No worries thanks for the help

[forensick]

what a strange day, i was thinking, that bitfunder could be closed first than btct.co.

[N_S]

Weird the coins are in limbo though all I did was request a withdrawl on btct
So it should be a normal transaction deprived

Hello,

This is confirmation of your requested withdrawal.

Account: freedomno1
Transferred: 22.30635366 BTC
Payment Address: 14oVPgCYK9MFZdvXMg65DpnnpnThGCfXdm
Transaction ID: 4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c
Site Fee: 0 BTC
bitcoind Fee: 0 BTC

Thank you for using BTC-TC

But I guess from your explanation burnside might have done a double spend from the hot wallet then
Well will wait till he gets back

Just FYI, I have the same issue, except blockchain.info is saying the transaction couldn't be found.

[freedomno1]

Weird the coins are in limbo though all I did was request a withdrawl on btct
So it should be a normal transaction deprived

Hello,

This is confirmation of your requested withdrawal.

Account: freedomno1
Transferred: 22.30635366 BTC
Payment Address: 14oVPgCYK9MFZdvXMg65DpnnpnThGCfXdm
Transaction ID: 4e20f8151fd74563a5204f4a975bf953375e7eadd90787c2844da188c72dbd0c
Site Fee: 0 BTC
bitcoind Fee: 0 BTC

Thank you for using BTC-TC

But I guess from your explanation burnside might have done a double spend from the hot wallet then
Well will wait till he gets back

Just FYI, I have the same issue, except blockchain.info is saying the transaction couldn't be found.

Check the rejected transactions list transaction ids won't show up if it is not included in a block
http://blockchain.info/rejected

Hmm almost off that list saves a copy of it before it gets off the page
http://postimg.org/image/6lo7se5th/

[Puppet]

what a strange day, i was thinking, that bitfunder could be closed first than btct.co.

That may still become true