[BTC-TC] Virtual Community Exchange [CLOSED]

[Vbs]

I agree with you about the two markets. That's why I propose the pre-IPO auction, which serves as the primary market.

However, your napkin math is flawed.

Let's say that you own 10 of 100 shares worth 1 BTC each. If you buy a share from the issuer for 1 BTC, here are now 101 shares total, each still worth 1 BTC. You now have 11 shares worth 11 BTC.

If you buy a share from someone else at 0.95 BTC, there are still 100 shares worth 1 BTC each. You now have 11 shares worth 11 BTC plus the 0.05 BTC you saved. Plus, now you own 11% of the company instead of 10.9%.

If you buy a share from someone at 0.95 BTC and donate 0.05 BTC to the company, there are still 100 shares, but they are now worth 1.0005 BTC each. You now have 11 shares worth 11.0055 BTC.

Regardless. the smartest thing to do is to not invest in an undercapitalized company at all.

Yes, you are quite correct on the math.

The is problem is that scenario one is still a win-win for both sides, scenario two is a win-lose and scenario three is a win-(win pocket change).

I would still opt for scenario one when I believe the reason for the Follow-On Public Offer (FPO) is really worth it, as using your example, I'm sacrificing only -0.1% ownership for the company to get +1% in value. If the destination of those funds is worth it, the share value will increase.

[soundasleep]

I absolutely love BTC-TC, congratulations on the amazing site! I was wondering though, is there any way to setup BTC-TC so that users could opt-in for e-mails about new securities (and for Litecoin Global too)? I think Havelock Investments does the same thing and it's really awesome to get updated with new securities.

[forensick]

I absolutely love BTC-TC, congratulations on the amazing site! I was wondering though, is there any way to setup BTC-TC so that users could opt-in for e-mails about new securities (and for Litecoin Global too)? I think Havelock Investments does the same thing and it's really awesome to get updated with new securities.

very good idea

[superbit]

I absolutely love BTC-TC, congratulations on the amazing site! I was wondering though, is there any way to setup BTC-TC so that users could opt-in for e-mails about new securities (and for Litecoin Global too)? I think Havelock Investments does the same thing and it's really awesome to get updated with new securities.

very good idea

+1 to this idea.  I try to follow in the securities forum, but an email ahead of an IPO would be great.

[louong]

Why is there a delayed "manual withdrawal" requirement for trivial withdrawal amounts?

If we've being charged above and beyond the normal amount for "network fees" shouldn't we have quicker withdraws or at least a sense of when our withdrawal will be initiated/done?

[wolverine.ks]

I absolutely love BTC-TC, congratulations on the amazing site! I was wondering though, is there any way to setup BTC-TC so that users could opt-in for e-mails about new securities (and for Litecoin Global too)? I think Havelock Investments does the same thing and it's really awesome to get updated with new securities.

very good idea

+1 to this idea.  I try to follow in the securities forum, but an email ahead of an IPO would be great.

you would get all those emails if you owned 12 or more shares of litecoin-global, right? i think they send out emails to all their investors to get votes on new securities.

[Carnth]

Why is there a delayed "manual withdrawal" requirement for trivial withdrawal amounts?

"Trival" amounts are doubled when you use 2FA.
I'll echo Burnside here: You don't want security?

If we've being charged above and beyond the normal amount for "network fees" shouldn't we have quicker withdraws or at least a sense of when our withdrawal will be initiated/done?

You are charged exact network fees for your withdraw. However, the system reserves a larger amount in case the fees are bigger than normal.

[soundasleep]

I absolutely love BTC-TC, congratulations on the amazing site! I was wondering though, is there any way to setup BTC-TC so that users could opt-in for e-mails about new securities (and for Litecoin Global too)? I think Havelock Investments does the same thing and it's really awesome to get updated with new securities.

very good idea

+1 to this idea.  I try to follow in the securities forum, but an email ahead of an IPO would be great.

you would get all those emails if you owned 12 or more shares of litecoin-global, right? i think they send out emails to all their investors to get votes on new securities.

That's a pretty expensive option. Not all of us have ~3k LTC lying around :-P

[xubingde]

Anyone has the same experience as I do?
Yesterday I transferred my shares on BTCT to 796 Exchange. The account should be xchange796, but I missed letter “e” and wrote xchang796. To my surprise, BTCT confirmed the transfer immediately. I don’t believe it’s such a coincidence that there’s an account xchang796 which really exists. Therefore, I filed a ticket. It’s been 2 days and no response from BTCT. What should I do? Anyone who can give some advice?

[joele]

I'm getting message excessive wait when selling shares from Asicminer-pt

[scatha]

At the moment, there's an option 1569 listed which is a call on S.DICE-PT at the strike of 0.031. Don't buy it !
The share price is now 0.0034 !... so if you would buy and exercise this one, you'll pay almost 10 times the actual price.

I see traps like this one pretty often on the option sales.

So, as Burnside said, "Be Diligent!"

[burnside]

Anyone has the same experience as I do?
Yesterday I transferred my shares on BTCT to 796 Exchange. The account should be xchange796, but I missed letter “e” and wrote xchang796. To my surprise, BTCT confirmed the transfer immediately. I don’t believe it’s such a coincidence that there’s an account xchang796 which really exists. Therefore, I filed a ticket. It’s been 2 days and no response from BTCT. What should I do? Anyone who can give some advice?

Hi there.  As mentioned (now a few pages back unfortunately.) I have been traveling.  So I apologize for not getting back to you sooner.  However...

"to my surprise" ... what?  You think people would use it if transfers to valid accounts were NOT transferred immediately?

The form asks, not once, but twice who you want to send it to.  Then, while you're looking at the form, with both users plugged in, you have to put in either your PIN or your 2FA before submitting.  I think I've done about everything I can to prevent mistakes such as these.

Someone else likely got your shares, unless 796 exchange happens to have both accounts, and I cannot undo it.

Very depressing... I try really hard to help people not make these kinds of mistakes.  I am very sad for you. 

[burnside]

Does anyone else get constant issues with "Cannot find a lock" when attempting to put an ask order? This happens to me all the time on TAT.Asicminer

This definitely still happens on very busy issues.  The transactional system tries to maintain a queue now, but if it sits too long then you get the lock timeout.  I need more horsepower!  

Cheers.

[TsuyokuNaritai]

Hi Burnside, good to have you back.

A few of us on the ASICMiner speculation forum were wondering how soon the S.DICE people will get their BTC for the buy-back so we can welcome them to the family and share our soon-to-be-blade-boosted dividends with them.

[burnside]

Hi Burnside, good to have you back.

A few of us on the ASICMiner speculation forum were wondering how soon the S.DICE people will get their BTC for the buy-back so we can welcome them to the family and share our soon-to-be-blade-boosted dividends with them.

Heh, not really sure.  I'm still catching up on all the S.DICE happenings.  Bottom line though is that it's up to the issuers and you'd have to ask whichever one holds your shares.

I gotta admit, I'm pretty bummed about this one.  Management abandonment tanked the shares and I lost half my investment.  There's probably quite a few other people out there that were holding it long term hoping to make up the loss over time.  Very lame.

Cheers.

[stenkross]

Hey Burnside.
People are discussing why they will have their future IPO on bitfunder instead of btc-tc here:
http://www.reddit.com/r/Bitcoin/comments/1im2o9/the_bitcoin_based_bank_being_launched_in_cyprus/
I thought it could be interesting info for you.
(you need to scroll a bit)

[Lohoris]

Hey Burnside.
People are discussing why they will have their future IPO on bitfunder instead of btc-tc here:
http://www.reddit.com/r/Bitcoin/comments/1im2o9/the_bitcoin_based_bank_being_launched_in_cyprus/
I thought it could be interesting info for you.
(you need to scroll a bit)

Interesting point.

I really wouldn't have guessed that such a disclaimer would be considered worse than the horrible security flaws and quirks of bitfunder...

[dexX7]

I might have spotted some strange behavior in availability checking. I could reproduce this:

1. Own shares
2. Write call options
3. (optional) Cancel options
4. Recall options

= Shares are still reserved.

But they can be placed via API and after canceling the new placed API order, they are available again.

I did this with all shares of an asset. If I only place a portion of them as option and recall, they are still shown as reserved in the order placing window, but the order gets placed the same as via the API. It's problematic, if it's done with all shares, because "there is no way to force the placement" because the buttons are disabled.

[Rannasha]

Small API feature-request: Add the username to transfers in the trade history. Currently it only says "transfer-out" or "transfer-in", but not to or from who.

[EskimoBob]

Any chance you can find time to code this simple feature: Issuers own Bid and Ask orders are highlighted so they are clearly visible to everyone.
I have asked this like 3 or 4 times (even when GLBSE was around)
Lets make it even better. if issuer buys back shares, those trades are marked in the trade history.

Why, read about the ActiveMining fiasco, where "new walls are going up" but no idea when and where.