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btcash
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September 23, 2013, 07:47:24 AM |
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As a shareholder I feel really screwed by you Ethan! 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. What recent changes? You knew it all the time that it is illegal to operate an exchange like this. Did you spend 50k for lawyers to learn that. Good job wasting money. What will happen to the legal retainer? Will you buyback shares? Why don't you sell the site? |
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San1ty
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September 23, 2013, 07:48:06 AM |
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What The? Why? If people want to get out now they will be selling at a huuuge loss...
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Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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mc_lovin
Legendary
 Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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September 23, 2013, 07:50:10 AM |
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well, shit.
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drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
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September 23, 2013, 07:51:16 AM |
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What The? Why? If people want to get out now they will be selling at a huuuge loss...
Better to sell now than to sell at 0. This is such a fuckup I am going to lose so much. |
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demzie
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September 23, 2013, 07:51:36 AM |
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So all shares and stuff everything is lowered, we all loss mayor!
Great job!
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redbeans2012
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September 23, 2013, 07:52:20 AM |
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As a shareholder I feel really screwed by you Ethan! 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. What recent changes? You knew it all the time that it is illegal to operate an exchange like this. Did you spend 50k for lawyers to learn that. Good job wasting money. What will happen to the legal retainer? Will you buyback shares? Why don't you sell the site? Sell the site, its a great site. Preferably to someone that is trusted and not in the US.  |
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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September 23, 2013, 07:53:02 AM |
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As a shareholder I feel really screwed by you Ethan! 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. What recent changes? You knew it all the time that it is illegal to operate an exchange like this. Did you spend 50k for lawyers to learn that. Good job wasting money. What will happen to the legal retainer? Will you buyback shares? Why don't you sell the site? Sell the site, its a great site. Preferably to someone that is trusted and not in the US. or open source it. |
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ChefBorjan
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September 23, 2013, 07:54:22 AM |
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Hmm... I'm an being slightly braver and hoping that the prices correct back to 'normal'.
I see the merits of 'panic selling' but at the same time.. we have a month until it all closes properly. I don't know, don't think there is a 'right' answer. For now I will hold for a little while longer and see if I can avoid losing 50%.
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If you feel like leaving me a tip: 1MhxTnB5onvEMqF53TDXxVseQZzYZetxw3
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kaidy1979
Member
Offline
Activity: 60
Merit: 10
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September 23, 2013, 07:54:40 AM |
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OMG  |
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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September 23, 2013, 07:54:56 AM |
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as much money as we might be losing right now, its a damn good chance to pick up s'more cheap AM shares and get them withdrawn to directs before the shutdown.
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FloatesMcgoates
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September 23, 2013, 07:55:22 AM |
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Burnside, given this recent news can you get rid of the manual threshold for withdrawal so we can more painlessly withdraw our funds?
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physalis
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September 23, 2013, 07:55:50 AM |
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Burnside, any plan what happens with your ASICMINER PT?
Will you move the shares to another exchange?
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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September 23, 2013, 07:56:12 AM |
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What The? Why? If people want to get out now they will be selling at a huuuge loss...
Better to sell now than to sell at 0. This is such a fuckup I am going to lose so much.  |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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lophie
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September 23, 2013, 07:56:21 AM |
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As a shareholder I feel really screwed by you Ethan! 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. What recent changes? You knew it all the time that it is illegal to operate an exchange like this. Did you spend 50k for lawyers to learn that. Good job wasting money. What will happen to the legal retainer? Will you buyback shares? Why don't you sell the site? Sell the site, its a great site. Preferably to someone that is trusted and not in the US. or open source it. Yes do so and we will take it to the dark net. Illegal or not a Bitcoin denominates securities market is happening. |
Will take me a while to climb up again, But where is a will, there is a way...
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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September 23, 2013, 07:56:23 AM |
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i kind of want to buy one of each security at the bottom so I can get random micro-payments to the direct address for the next while. I still get some payments from GLBSE and I have no idea who is sending them.
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glendall
Legendary
Offline
Activity: 2198
Merit: 1018
Buzz App - Spin wheel, farm rewards
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September 23, 2013, 07:56:48 AM |
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Somewhat shocked that's it's just shutting down like this.
I don't understand what happens to existing assets? I'm holding some that are not on any other exchanges..? Fuck what a shit-show.
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MRKLYE
Legendary
Offline
Activity: 1358
Merit: 1003
Designer - Developer
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September 23, 2013, 07:56:56 AM
Last edit: September 23, 2013, 08:10:05 AM by MRKLYE |
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How about that .0025* of my BTC you are holding onto? You gonna run off with that on everyones accounts?
If so I'm scam taggin' your accounts bud.
*edit: 1 to many 0's
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joele
Legendary
Offline
Activity: 1022
Merit: 1000
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September 23, 2013, 07:58:31 AM |
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There will be no smooth transition, everyone will loss here
Burnside, just sell the site!
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Rannasha
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September 23, 2013, 07:59:04 AM |
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Hmm... I'm an being slightly braver and hoping that the prices correct back to 'normal'.
I see the merits of 'panic selling' but at the same time.. we have a month until it all closes properly. I don't know, don't think there is a 'right' answer. For now I will hold for a little while longer and see if I can avoid losing 50%.
I'm going to be watching assets of issuers I deem trustworthy to resolve the aftermath properly. Pick up cheap shares of those. |
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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September 23, 2013, 07:59:38 AM |
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There will be no smooth transition,
Smoother than GLBSE I bet. |
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