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Author Topic: [BTC-TC] Virtual Community Exchange [WINDING DOWN]  (Read 157519 times)
Rannasha
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September 22, 2013, 06:44:55 PM
 #2101

any movement/word on the return of registrations?

See the previous page ^^

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September 22, 2013, 07:41:47 PM
 #2102

any movement/word on the return of registrations?
See the previous page ^^
saw burnside's post, but totally missed the timestamp - assumed it was a few days ago for some reason. Smiley

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September 23, 2013, 05:23:05 AM
 #2103

We've been trying to work out some fairly serious issues.  I really hope to be able to post more soon.

EEK! Burnside, we've seen this before. If you can't comment on this, it can only mean you are in legal trouble, and then everything will go to hell. Especially given that it implies you have been forced to close registration either by lawyer's advice or officially.

Based on my past experience I am going have to act as if BTC-TC will close within 24 hours.

BMF reminds it's investors that it is not liable for losses caused by the closure of an exchange... :/

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September 23, 2013, 07:04:33 AM
 #2104

We've been trying to work out some fairly serious issues.  I really hope to be able to post more soon.

EEK! Burnside, we've seen this before. If you can't comment on this, it can only mean you are in legal trouble, and then everything will go to hell. Especially given that it implies you have been forced to close registration either by lawyer's advice or officially.

Based on my past experience I am going have to act as if BTC-TC will close within 24 hours.

BMF reminds it's investors that it is not liable for losses caused by the closure of an exchange... :/

Immediately after this I placed all securities on sale and attempted to withdraw the balance of BMF's account (more than 50 BTC).

Not 20 min later, I see this:

"Apologies. Trading has been temporarily frozen for system maintenance. We'll be back shortly"

Additionally, my balance shows "Balance: 0" which means we are missing ~80 BTC.

That is so not cool.

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September 23, 2013, 07:09:40 AM
 #2105

IMPORTANT NOTICE TO ALL BTC TRADING CORP WEBSITE PARTICIPANTS

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:

Approximately a week ago, both sites were closed to any new users and new asset creation was disabled.
 
Effective immediately, in conjunction with this release, trading will be halted, all order books cleared, and trading re-enabled.
 
October 7, 2013, all forms of secondary market trading will be halted on both sites.
 
Approximately October 31, 2013, both sites will be taken offline.  It is strongly suggested that participants take the following steps to protect all of their virtual assets:
 
All participants should take steps to transfer all of your BTC and LTC (and any other data you wish to keep, such as CSV trade histories) held on the sites to your personal computer or another trusted site.
 
All participants should make sure that their public BTC or LTC address is properly set in the Account page on the Settings tab whereby it can be shared with all issuers.
 
All “issuers” should have the contact information concerning their “investors”, and we ask that all “issuers” communicate with their “investors” as soon as possible as to how they will ensure that all are treated appropriately.

We regret this development. However, we want to do everything we can to minimize problems arising from this transition.  It is our goal to keep this shutdown orderly and calm.

Thank you for your participation, creativity, loyalty and sense of community over the past year.  Additional communications will follow as we work out the details.

Ethan Burnside
BTC Trading Corp.

Creator of the late BTC Trading Corp / LTC-GLOBAL -- burnside's LTC Mining Pool: http://ltc.kattare.com -- Kattare: http://www.kattare.com
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September 23, 2013, 07:11:04 AM
 #2106

I know there are going to be lots of questions. 

I will do what I can to answer questions and concerns tomorrow.

Creator of the late BTC Trading Corp / LTC-GLOBAL -- burnside's LTC Mining Pool: http://ltc.kattare.com -- Kattare: http://www.kattare.com
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September 23, 2013, 07:12:09 AM
 #2107

My balance was immediately reduced to 0 after this announcement. Burnside??

Edit: Balance is now displaying properly
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September 23, 2013, 07:12:20 AM
 #2108

aaand it's gone.
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September 23, 2013, 07:13:04 AM
 #2109

Wtf

Do you need an HP server configured  & dropped to you within 2 days anywhere in Europe - please talk to me.
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September 23, 2013, 07:16:33 AM
 #2110

My balance was immediately reduced to 0 after this announcement. Burnside??

Side effect of the trade lock.

Trading has been unlocked.

Creator of the late BTC Trading Corp / LTC-GLOBAL -- burnside's LTC Mining Pool: http://ltc.kattare.com -- Kattare: http://www.kattare.com
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September 23, 2013, 07:27:42 AM
 #2111

There is a glitch when selling, an additional 0 went in the price, I've just lost 10 btc...

Burnside please reply to my pm,s

Do you need an HP server configured  & dropped to you within 2 days anywhere in Europe - please talk to me.
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September 23, 2013, 07:28:48 AM
 #2112

There is a glitch when selling, an additional 0 went in the price, I've just lost 10 btc...

Burnside please reply to my pm,s

Labcoin, ay?
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September 23, 2013, 07:29:04 AM
 #2113

This is great news!  Can't wait for Ciphermine to be on Bitfunder!   Cool

"Current payment systems simply can’t compete with bitcoin’s fees, security and convenience.  Why spend hundreds of thousands of dollars on bank fees per year and lose hair as money transfers bounce from bank to bank during a wire transfer sometimes taking days to reach its destination, when it can clear within minutes and for mere pennies?  As a currency, no sovereign can match it.  As a payment system, no financial institution can compete with it.  As a distributed network, no government can stop it."     -Chris Horlacher
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September 23, 2013, 07:29:34 AM
 #2114

There is a glitch when selling, an additional 0 went in the price, I've just lost 10 btc...

Burnside please reply to my pm,s
This is no glitch - the price prefilled is from the other side of the order book.
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September 23, 2013, 07:32:29 AM
 #2115

Wow, sorry but that was very careless of you TMAN.

Not anyone's fault but your own, you dont just click the sell button without checking the price first.

Someone else is laughing though. They will make almost 10x their money back off this.

If you feel like leaving me a tip: 1MhxTnB5onvEMqF53TDXxVseQZzYZetxw3
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September 23, 2013, 07:32:34 AM
 #2116

Can't be, I put it I. Correct, I was putting a sell not filling the asks, it was 8am here I'm not retarded in the morning

Do you need an HP server configured  & dropped to you within 2 days anywhere in Europe - please talk to me.
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September 23, 2013, 07:38:38 AM
 #2117

No, I was online at the exact same time, I sold ONE share at 0.004 just to test how the trading engine was working.

You however (S) 4606 @ 0.00025000 LABCOIN two minutes before me. You sold into the bids that where there at the time.

I think you panicked and didn't check what you were doing, now all you can do is claim it was a glitch.

If you feel like leaving me a tip: 1MhxTnB5onvEMqF53TDXxVseQZzYZetxw3
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September 23, 2013, 07:39:45 AM
 #2118

So did you sell all your positions before the announcement Burnside?  Why not sell your site?
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September 23, 2013, 07:40:21 AM
 #2119

No, I was online at the exact same time, I sold ONE share at 0.004 just to test how the trading engine was working.

You however (S) 4606 @ 0.00025000 LABCOIN two minutes before me. You sold into the bids that where there at the time.

I think you panicked and didn't check what you were doing, now all you can do is claim it was a glitch.

I double checked it,  burnside will be able to see I am sure, if it was my fault then ill have to suck it up. But I believe it wasn't my error. Either way we live and learn

Do you need an HP server configured  & dropped to you within 2 days anywhere in Europe - please talk to me.
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September 23, 2013, 07:44:05 AM
 #2120

wtf. I have 1 ASICMiner-PT, can this be transfered to a direct share then now?  Undecided
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