[BTC-TC] Virtual Community Exchange [CLOSED]

[ThickAsThieves]

hey  something is up i try to log in i get   

Error:

Xcoind backend failure in getbalance at 774
 

Same here.

[Deprived]

Yeah LTC-Global is down too.  Seems like the problem is accessing his backend server to check balances - you can view and navigate the site fine if you aren't logged in (try it in a different browser and you'll see) but soon as you login it fails.

[maunderingcabal]

This is messed up. Now I have nothing to do.

[Deprived]

It's back up now.

[🏰 TradeFortress 🏰]

It's back up now.

cron script might have run every on every :30 ?

[burnside]

This is messed up. Now I have nothing to do.

doh, it's Friday night man!



The HDD filled up on the backend server.  I had to purge some backups to make some room.  If you sent a deposit, it should come in shortly as the daemon catches up with the chain.

Cheers.

[burnside]

The OAuth API now supports internal coin transfers. 

Cheers.

[burnside]

I've setup an ASICMINER passthru.

https://btct.co/security/ASICMINER-PT

Please vote if you are able. 

[odolvlobo]

Also have you ever thought of dropping all fees for listing orders and have the people who buy into orders pay all the fee instead.  I think this would encourage traders to put up more listings and improve fluidity.  It's also what the GLBSE did IIRC.

That's a good question.  I have thought about it.  GLBSE when I first started using it did it this way, then it seems like later on it was silently changed to both sides paying.  I remember being pretty pissed when I realized this because I'd stupidly been placing orders that I could have executed right away for just a few satoshi's difference.

It doesn't necessarily have to be all or nothing.  It could be 0.1% to place an order on the book and 0.3% to execute for instance.  That might be a more balanced approach and still encourage more use of the order book.

What does everyone else think?  Would it really have the intended effect of better liquidity?

I am for it.

1. It will bring bid and ask prices closer and improve liquidity.
2. When you make a bid or ask, you are incurring an extra hidden cost because you are giving anyone the option to fill your order at any time, and that option is worth something. Removing the fee for making a bid or ask mitigates that loss.

[Zedster]

Any chance you will ever offer Cognitive as a pass thru on LTC-Global burnie?

[burnside]

Any chance you will ever offer Cognitive as a pass thru on LTC-Global burnie?

burnie. lol. 

There's no point to me doing one.  Garr has an official one up already at https://www.litecoinglobal.com/security/COGNITIVE-PT

Cheers.

[Zedster]

Any chance you will ever offer Cognitive as a pass thru on LTC-Global burnie?

burnie. lol.  

There's no point to me doing one.  Garr has an official one up already at https://www.litecoinglobal.com/security/COGNITIVE-PT

Cheers.

so i am blind...sorry sir..  ahh i remember now....it was still outta my price that's why I forgot


But how about a ASICMiner then you gonna set that up I guess?

[burnside]

Any chance you will ever offer Cognitive as a pass thru on LTC-Global burnie?

burnie. lol.  

There's no point to me doing one.  Garr has an official one up already at https://www.litecoinglobal.com/security/COGNITIVE-PT

Cheers.

so i am blind...sorry sir..  ahh i remember now....it was still outta my price that's why I forgot

But how about a ASICMiner then you gonna set that up I guess?

No problem.

On the ASICMINER, it's definitely a possibility.  We'll see how the BTCTC one does.

Cheers.

[Zedster]

Any chance you will ever offer Cognitive as a pass thru on LTC-Global burnie?

burnie. lol.  

There's no point to me doing one.  Garr has an official one up already at https://www.litecoinglobal.com/security/COGNITIVE-PT

Cheers.

so i am blind...sorry sir..  ahh i remember now....it was still outta my price that's why I forgot

But how about a ASICMiner then you gonna set that up I guess?

No problem.

On the ASICMINER, it's definitely a possibility.  We'll see how the BTCTC one does.

Cheers.

Waiting in line for BTCTC.

[zx9r]

Sorry for this may be being an offtopic. I was wondering what are the possibilities of BTC-TC following the same way as GLBSE did. Is it a real possibility ?

[creativex]

BTCT.CO automatically issues a shareholder report to asset issuers every 12hrs so even if the exchange disappeared overnight the GLBSE fiasco would not be repeated. Asset issuers would have only to check their inbox for a list of email addresses to contact with share information.

[burnside]

Sorry for this may be being an offtopic. I was wondering what are the possibilities of BTC-TC following the same way as GLBSE did. Is it a real possibility ?

The site could definitely go away if government entities come after me.  I've guarded against this every way I can legally with the creation of the company offshore and technically with the open access of the lists to the asset issuers.

A GLBSE meltdown where no one knows who owns what will definitely not be repeated.

Cheers.

[Monster Tent]

Sorry for this may be being an offtopic. I was wondering what are the possibilities of BTC-TC following the same way as GLBSE did. Is it a real possibility ?

burnside isnt Nefario  . You can tell from the way the site is coded and the fact you get ownership details emailed to you every 12 hours.

[burnside]

Brief PSA...

A cross-post-quote from the G.ASICMINER-PT thread:

We discussed a potential payment from Jon, in the case where the PT trades larger volumes

This will not be done on BTC-TC.  It has been considered in the past, and rejected.

https://btct.co/ (the dev log tab):

?possible? Kick-backs for asset issuers with large volume, eg, 0.5% of transaction fees for assets with over 10k/mo in volume. (thx EMIF) -- (probably not going to do this. it would encourage asset issuers to generate transactions by intentionally inducing volatility --burnside)

Something to chew on a bit.  We were considering making it transparent like cryptostocks does and just have an extra percentage displayed on the trades.  Apparently this kind of thing goes on behind closed doors elsewhere.

Unless the asset is the exchange itself, think twice before buying into an asset where the issuer makes coins on the trades.

[btcash]

Great improvements in the last weeks. You should post them here too and not only on Litcointalk.

What happened to the deposit status (0/3 confirmations...)?
Bids/Asks like 0.1000001 should be changed to 0.100001 and not to 0.1.