[BTC-TC] Virtual Community Exchange [CLOSED]

[cchan]

burnside, what should we do? 

[drawingthesun]

burnside, what should we do? 

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]

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

[zefyr0s]

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]

burnside, what should we do? 

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

[baloo_kiev]

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!

[ChefBorjan]

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

[burnside]

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]

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

[killerstorm]

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.

[pascal257]

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

[elasticband]

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  

[kingcrimson]

The site is wrecked, can't even access it. wtffff

[lzr1900]

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]

When will manual payouts will be done?

[ShroomsKit]

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.

[kingcrimson]

ETA when the site goes back live?

[astrolabe]

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.

[drawingthesun]

Site is down, this is so unimaginably bad, this is worse than my worst nightmare.

[mc_lovin]

Site is down, this is so unimaginably bad, this is worse than my worst nightmare.

Breathe.  It could be worse.