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Author Topic: [BTC-TC] Virtual Community Exchange [CLOSED]  (Read 315966 times)
redmetal
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September 23, 2013, 08:22:41 AM
 #2141

Burnside, will you have any hand in enforcing buyback clauses on all the various securities out there? I trust some operators (such as Deprived/TAT) a great deal in fairly conducting buybacks stipulated by their contracts but I have a feeling other operators will need some persuading.

+1

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drawingthesun
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September 23, 2013, 08:24:25 AM
 #2142

what the fucking fuck?
good timing with the neobee ipo  Angry

so now I have to take a huge loss selling it all in order to get my btc out or what?
are you kidding me?

You can hold but it's likely many of the companies will collapse from this and maybe its better to just sell at a loss instead of selling at 0.

I'm freaked out, so much money lost.
cchan
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September 23, 2013, 08:33:30 AM
 #2143

burnside, what should we do?  Huh
drawingthesun
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September 23, 2013, 08:34:54 AM
 #2144

burnside, what should we do?  Huh

What I have done: sold and getting bitcoin out. I don't want to be that bagholder. But I might be making a mistake.
Dexter770221
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September 23, 2013, 08:37:09 AM
 #2145

Now Bitfunder will crash, it's slow already and now it will be slower to the bottom. GO for picostocks (lol) Wink

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
zefyr0s
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September 23, 2013, 08:37:42 AM
 #2146

Well, we've got until October at least. Gives the "Issuers" some time to organize their shares and shareholder's information. Shares will likely all be accounted for by the "Issuers" themselves if they don't close.
ShroomsKit
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September 23, 2013, 08:37:51 AM
 #2147

burnside, what should we do?  Huh

Amazing how there are still people here who thinks that scumbag gives a shit what you do.

Its price is not a very relevant factor in its adoption....
baloo_kiev
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September 23, 2013, 08:38:51 AM
 #2148

Damn panic runners!
I have just deposited some BTC and was going to buy cheap shares from the panic sell when you brought the site down. This sucks worse than burnside's announcement!

PGP: 6EC48BA7
Welcome to my p2pool: BTC
ChefBorjan
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September 23, 2013, 08:40:30 AM
 #2149

Site down? Perhaps just struggling with the hits on the pages/trade engine.

If you feel like leaving me a tip: 1MhxTnB5onvEMqF53TDXxVseQZzYZetxw3
burnside
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September 23, 2013, 08:40:39 AM
 #2150

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.
viruscs
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September 23, 2013, 08:42:42 AM
 #2151

maybe the btct.co hacked by some1,it's just a joke.

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September 23, 2013, 08:45:01 AM
 #2152

This might be of relevance in the light of recent news:

Colored coins client isn't ready yet, sadly. (At least the one I've been developing.)

The reason is lack of developers who are qualified enough to develop things like this on their own. (We do have a team of developers, but I have to micromanage them, and that's the bottleneck.)

So if you're a developer, and you're interested in decentralized p2p exchanges, and qualified enough, and can commit your time to the project, please PM me. We likely have some funding. (People pledged Bitcoins for the implementation, but I'm not 100% sure they will hold their promise.)

If we get right people I think we can make a usable client in two weeks or so.

We had a working prototype back in Jan 2013. It had some bugs, but was otherwise functional. We ditched it because at that point we thought it makes more sense to develop a new one from scratch.

colored coins proof-of-concept: private currencies, stock/bond p2p exchange

Tips and donations: 16v13Fa9cPmfFzpm9mmbWwAkXY4gyY6uh4
pascal257
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September 23, 2013, 08:45:10 AM
 #2153

This should've been coordinated with the big asset issuers, would have prevented such panic selling. Really bad organisation ethan...
elasticband
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September 23, 2013, 08:45:48 AM
 #2154

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.


great way to support the community that supported your website, which in turn supported the growing of your wallet.....

the massive dumps were probably you  Tongue
kingcrimson
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September 23, 2013, 08:47:57 AM
 #2155

The site is wrecked, can't even access it. wtffff
lzr1900
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September 23, 2013, 08:49:28 AM
 #2156

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.


Go to hell
demzie
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September 23, 2013, 08:50:05 AM
 #2157

When will manual payouts will be done?
ShroomsKit
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September 23, 2013, 08:51:52 AM
 #2158

This should've been coordinated with the big asset issuers, would have prevented such panic selling. Really bad organisation ethan...

He doesn't care about 1000's of people losing shitloads of money.

Its price is not a very relevant factor in its adoption....
kingcrimson
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September 23, 2013, 08:54:39 AM
 #2159

ETA when the site goes back live?
astrolabe
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September 23, 2013, 08:57:03 AM
 #2160

No one should panic sell a decent security because of this.  The underlying company that you own part of is not the same as btc-tc, and Burnside is not going to steal from you.  The biggest chance to lose from this is if you panic sell at a stupidly low price.  Also, it's a good chance to pick up some good securities cheap.
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