[BTC-TC] Virtual Community Exchange [CLOSED]

[carpetbagger]

Feature request: Add the ability to fold up items on the My Dividends tab, ala the Trade Analysis tab.

Great job in general Burnside, as always. Thanks.

Added: Logging in is still necessary to view the virtual assets on LTCglobal, I noticed. There's no market link when logged out.

[PurpleTentacle]

Feature Request:  What about a Max Allowed button beside the calculate button.  What this would do is calculate the max amount of shares that you can buy with your available BTC and the price you have typed in.

I find myself always tinkering with the amount and continually hitting calculate.

I requested the same a few pages back. I hope burnside implements it anytime soon.

[SebastianJu]

What i dont like with that exchange is that it makes it so difficult to buy. PRice and fee are 2 values you have to calculate together in the head, if you did wrong you have to start again, the same goes if you forget to calculate. There is no button to buy with all your bitcoins so that the form is prefilled too.

Its not really fun to use.

[btcash]

Seems like you won't change your opinion on the market/disclosure issue. Too bad.

Any news on the bitcoind issue?

[N_S]

Feature Request:  What about a Max Allowed button beside the calculate button.  What this would do is calculate the max amount of shares that you can buy with your available BTC and the price you have typed in.

I find myself always tinkering with the amount and continually hitting calculate.

I requested the same a few pages back. I hope burnside implements it anytime soon.

This should absolutely happen.

[Progressive]

This is a bit misleading, especially with mining bonds. DMS.SELLING in the screenshot.

[Pale Phoenix]

This is a bit misleading, especially with mining bonds. DMS.SELLING in the screenshot.

Not just misleading, completely worthless. But it's not really the fault of the system, which isn't setup to accurately report on securities that return a portion of their principal. DMS Selling isn't a mining bond, it's a security that allows you to bet against the people buying DMS Mining.

[odolvlobo]

This is a bit misleading, especially with mining bonds. DMS.SELLING in the screenshot.

Not just misleading, completely worthless. But it's not really the fault of the system, which isn't setup to accurately report on securities that return a portion of their principal. DMS Selling isn't a mining bond, it's a security that allows you to bet against the people buying DMS Mining.

That's not really the problem. The problem is that this is a prediction, and the prediction assumes that the dividends are constant. If the prediction did an exponential (or even linear) extrapolation of the data, the values would be more realistic.

[Pale Phoenix]

That's not really the problem. The problem is that this is a prediction, and the prediction assumes that the dividends are constant. If the prediction did an exponential (or even linear) extrapolation of the data, the values would be more realistic.

Hmm, I'm having trouble envisioning how any calculation of predicted yield based on historical "dividends" could be relevant for an asset like DMS Selling. What am I missing?

[Guybrush01]

You know, a Cognitive dividend would be nice right about now, seeing as you are continuing to mortgage the security's future and whatnot...

[carface]

Ok so is it possible to buy shares in the growth of Bitcoin if you believe they will go up in price? There is a share called BTC-GROWTH under the FUND tab on BTC-TC, is this a share for Bitcoin if it increases its value in the future? eg if Bitcoin is worth $200 in the future would you make money if you bought shares now?

[superbit]

Ok so is it possible to buy shares in the growth of Bitcoin if you believe they will go up in price? There is a share called BTC-GROWTH under the FUND tab on BTC-TC, is this a share for Bitcoin if it increases its value in the future? eg if Bitcoin is worth $200 in the future would you make money if you bought shares now?

Umm, why wouldn't you just buy bitcoins then.

[Carnth]

Ok so is it possible to buy shares in the growth of Bitcoin if you believe they will go up in price? There is a share called BTC-GROWTH under the FUND tab on BTC-TC, is this a share for Bitcoin if it increases its value in the future? eg if Bitcoin is worth $200 in the future would you make money if you bought shares now?

I think you are confusing what BTC-GROWTH actually is.
It is a managed growth fund that uses Bitcoins as it's denominated value. "Growth" being the investment term: capital appreciation. Maybe this is what you want?

If you want to only invest only in the value of Bitcoin (against USD, EUR or other currencies), then you need to go to a currency exchange and just buy Bitcoins.

[nexxai]

Great.  The new version of Google Authenticator wiped out all the old stored sites, so now I get to wait 30 days for BTCT to manually reset it.

Hopefully the value of my portfolio doesn't tank in the next month.

[radiumsoup]

Great.  The new version of Google Authenticator wiped out all the old stored sites, so now I get to wait 30 days for BTCT to manually reset it.

Hopefully the value of my portfolio doesn't tank in the next month.

This is why you always write down the private key portion of the authenticator token when signing up with each site.

[nexxai]

This is why you always write down the private key portion of the authenticator token when signing up with each site.

Yup - I've definitely learned my lesson.

[dexX7]

Great.  The new version of Google Authenticator wiped out all the old stored sites, so now I get to wait 30 days for BTCT to manually reset it.

Hopefully the value of my portfolio doesn't tank in the next month.

From the other thread:

How to recover:

I recovered from this mistake.  This should work on both jailbroken and unmodified iPhones, and will not loose your jailbreak if done correctly (point 5):

1) Swear at Google (OK, most of you have probably already done that)

2) Delete the Google Authenticator app from your Phone.

3) If iTunes sync automatically with your phone, you probably want to turn that off first.  Also, if you sync over WiFi it may already be too late - I really do not know.

4) Connect your phone to iTunes.  Enable the panel on the left.  It shows "LIBRARY", "STORE", "SHARED" etc and also the name of the phone.  On newer iTunes it is disabled by default, choose View / Show Sidebar.

5) Right-click on your iPhone, choose "Restore from Backup".  DO NOT use the normal restore button on the main window, as that will also restore the firmware and wipe and restore everythin (it will take ages resyncing, and any jailbreak will be gone).

6) After restoring, iTunes will resync your phone and reinstall Google Authenticator.  If you did not sync or backup since upgrading the app, the old version INCLUDING KEYS will be back.

7) If jailbroken, install Update Hider and hide the update to GA (I have not done this yet myself, but it should work).

Just successfully recovered the old version in iTunes. Here is how I did it:

First of first, go to iTunes ASAP, locate your most updated iPhone backup and make a copy before you try any recover trick.

1. delete the new version of authenticator on your iPhone
2. disable auto sync in iTunes
3. Connect your iPhone via USB
4. Click your iPhone, then go to "application" tab
5. On the left side, scroll down, you gonna see the old version of authenticator, install it.

If you're using Android and you are familiar with adb, this is an easy way to do backups to prevent a loss in the future:

1. Start adb in root mode: "adb root"

2. Transfer the database file from GAuth: "adb pull /data/data/com.google.android.apps.authenticator/databases/databases"

3. Open the database with a sqlite editor and print the content of the table "accounts".

Though it's advised to do this from a different machine.


Edit: If nothing works, get a phone forensic tool:

http://legacy.oxygen-forensic.com/

And do it manually. As far as I remember iTunes does save backups locally without asking explicitly for confirmation.

Backup locations:

http://osxdaily.com/2009/09/11/iphone-backup-location/

Oxygen should be able to extract the GAuth database entries.

[nexxai]

lots of good advice

The problem is that I backup via iCloud and it had auto-backed up after the new version was installed, so it had already been overwritten at that point.  After I restored from iCloud - still nothing. 

Oh well, live and learn.

[ventolin]

Who can explain me? Why any Issuer can easy increase number of shares?

It had 2 type of issuers.

First type. Look for example in history data:
1. https://btct.co/security/ACTIVEMINING 2924534->3069481->3071989->3074084, Outstanding 3074084 / 25000000 Issued.
2. https://btct.co/security/BASIC-MINING ...50000->51625, Outstanding 51625 / 1000000 Issued.
3. and other...

How I understand market cap of ACTIVEMINING is 0.005497*25000000 = 137425 BTC, it's looking huge.
Or BASIC-MINING is 0.149*1000000 = 149000 BTC, it's actualy huge for 1435 Gh or 103 per 1 Gh.

It's ability give issuer to sell evrytime and price can fall 200 times as BASIC-MINING until normal gigahash price.

Second type a bit worse.

1. https://btct.co/security/COGNITIVE 8619->9032->8619>8620->8629->8809->9709->10420, Outstanding 10420 / 10420 Issued.

This issuer just change Details in Contract & Prospectus and drop new shares into market.
Issuer made it without preffered offer to old shareholder by special price. Is it correct?

May be BTC-TC is big scum? Explain me please!

And sorry for my english.

[creativex]

bASIC-Mining was originally set up that way by me last year to avoid requesting the issuance of additional shares if needed in the future. At the time it was not at all unusual to do it that way. Not one share has ever left the asset issuer account without a shareholder vote and majority approval. Not. One. Ever. Not even for a millisecond. This is easily checked by anyone at any time by simply checking the number of shares outstanding.

Originally 5000 shares authorized >>> 10x stock split authorized >>> +1625 authorized for equipment purchase = 51,625 shares outstanding.

Cheers.

Edit: Asset issuers cannot change their contracts on btct.co w/o site admin approval, which is only granted upon a successful shareholder vote.