[BitFunder] Asset Exchange Marketplace + Rewritable Options Trading

[Deprived]

I added an option under settings to not display asset graphs.

Give it a shot and tell me if that makes life better on the site for you.

Works great for me - now just need BTC-E to start working again and I can make the spread on the LTC asset a lot smaller.

[Ukyo]

We also need the ability to trade options.

As usual, ask and ye shall receive.

It took a little more time to test than I had hopped, but a looping execution system must be properly tested.

You can now write, rewrite, and execute PUT and CALL options for any asset on BitFunder.

This goes great with peoples questioning over AsicMiner, SDICE, or even LTC prices.

You will find the options trading tab next to the profile tab on the asset.

All options are listed per asset only at the moment
The 'My Assets' page listing all of your written/rewritten, held, and other options detail is almost done.

[usagi]

We also need the ability to trade options.

As usual, ask and ye shall receive.

It took a little more time to test than I had hopped, but a looping execution system must be properly tested.

You can now write, rewrite, and execute PUT and CALL options for any asset on BitFunder.

This goes great with peoples questioning over AsicMiner, SDICE, or even LTC prices.

You will find the options trading tab next to the profile tab on the asset.

All options are listed per asset only at the moment
The 'My Assets' page listing all of your written/rewritten, held, and other options detail is almost done.

There are now two cyber christs. Satoshi Nakamoto... and Ukyo 

[poly]

Awesome news! Just tried writing an option and it's really smooth.

[Ukyo]

Awesome news! Just tried writing an option and it's really smooth.

If you have any issues or questions let me know.

Also, I am sure the FAQ and explanation of options could use some work. Anything is appreciated.

I try to bend BitFunder to to the will of the community. Usually in a fair way.

Also, there are still more news to come soon. Stay tuned!   

[Deprived]

Seems to be some confusion in the reporting of options trading in transactions.

I bought calls on 13 ASICMINER.PT with a strike of .9 and an option price of .009 each (yeah - 1%).

My transactions shows 2 entries in respect of it:

2013-03-17 08:25:07    Option Purchase: (ABM)
CALL: 13 Share/s @ ฿0.90 each    ฿0.11700000    

2013-03-17 08:25:07    Option Sale: (ABM)
CALL: 13 Share/s @ ฿0.90 each         ฿0.10530000

The first one shows as a debit, the second as a credit.  The debit is the correct amount for the trade.  I've no idea why the credit shows - doesn't seem like it altered my balance as afar as I can tell.  Also no idea why both say ABM when the option is on ASICMINER.  I've not bought or sold any other options (though I have rewritten the ASICMINER ones in case anyone feels like locking me in an immediate profit).

[Deprived]

Further to above post it occurs to me that the credit is probably the one that should have showed up to whoever wrote the options - it looks like what I paid less the 10% fee.  Think it's just a reporting glitch - don't think I actually got creditted with it.

[Ukyo]

Further to above post it occurs to me that the credit is probably the one that should have showed up to whoever wrote the options - it looks like what I paid less the 10% fee.  Think it's just a reporting glitch - don't think I actually got creditted with it.

Right you are sir. This had been corrected and properly in the repo, and the next push it was reverted.

I have corrected the entries, and any others. Thanks again for helping out!

I assume the funds were all correct then?

[Deprived]

Further to above post it occurs to me that the credit is probably the one that should have showed up to whoever wrote the options - it looks like what I paid less the 10% fee.  Think it's just a reporting glitch - don't think I actually got creditted with it.

Right you are sir. This had been corrected and properly in the repo, and the next push it was reverted.

I have corrected the entries, and any others. Thanks again for helping out!

I assume the funds were all correct then?

Didn't actually notice the transaction issues until a lot later, but my balance changed in line with what I expected when I bought the options (I don't double-check balances in detail but would usually notice any significant error).

[wisard]

So this is about a new security listed on Bitfunder. AMC.

They state that they will earn:

Est Gross(less power) Revenue 12 Months 2,847,472.08 BTC

How can anyone who is into mining make such a calculation mistake? How will they be making 2.8 million bitcoins with mining when only about 1.3 million bitcoins will be generated in a year?

Seriously, some vetting process needs to happen for companies that are being listed on exchanges. Promoter information should be listed - who they are, what experience do they have.

[Peter Lambert]

So this is about a new security listed on Bitfunder. AMC.

They state that they will earn:

Est Gross(less power) Revenue 12 Months 2,847,472.08 BTC

How can anyone who is into mining make such a calculation mistake? How will they be making 2.8 million bitcoins with mining when only about 1.3 million bitcoins will be generated in a year?

Seriously, some vetting process needs to happen for companies that are being listed on exchanges.

Maybe it is supposed to be in satoshis?

[wisard]

So this is about a new security listed on Bitfunder. AMC.

They state that they will earn:

Est Gross(less power) Revenue 12 Months 2,847,472.08 BTC

How can anyone who is into mining make such a calculation mistake? How will they be making 2.8 million bitcoins with mining when only about 1.3 million bitcoins will be generated in a year?

Seriously, some vetting process needs to happen for companies that are being listed on exchanges.

Maybe it is supposed to be in satoshis?

No. The whole calculation is erratic.

They expect to add 95TH of mining equipment themselves. And yet, they only expect the difficulty to change by 39% in the year.

They state:

Net Estimated ROI/Year @ .01 BTC/share 2,847.47208%/Year*

and

Net Estimated Revenue/Year/Share 0.284747208 BTC

and total shares are 100,000,000.

You can make out that someone got excited with back-of-the-napkin calculations and extrapolated that data by 300x - and issued a new security. Even though the bitfunder summary states that "AMC is made up of a team of dedicated Bitcoin mining professionals with over 30 years of combined experience in Computer Programming, Hardware Design, System Design, and System Administration" - I doubt that they have ever mined before.

Ukyo - please consider making a new rule: promoters have to divulge their information. If not publicly, to a recognized and respected escrow.

[Deprived]

AMC's an obvious scam - no reason to waste time discussing it.  I had a quick glance and their supposed calculations were totally laughable - not even a token effort to make them credible.  And the plan has absolutely nothing abut what happens if they dont sell all shares - which is highly likely given they're selling some at 0.01 then the rest at 1.  Of course all they're after is the 250 BTC they can scam if enough suckers buy the 0.01 ones hoping to resell them under the 1.0 ones.

[Deprived]

Even though the bitfunder summary states that "AMC is made up of a team of dedicated Bitcoin mining professionals with over 30 years of combined experience in Computer Programming, Hardware Design, System Design, and System Administration" - I doubt that they have ever mined before.

More worrying is that nowhere in that skill-set/experience list is "managed a business" or "can do basic math".

Personally I'm pretty sick of all the IPOs that claim to have experienced teams but never identify them.  If IPOs can be that vague then why not cut them right down to the minimum - and have them just give a share price and send back whatever they feel like.  At least that would be honest and cut down the reading time for us.

[Ukyo]

Teaser:

Fun update pushing out in the morning/noon-ish.
If you are one of those types who like to see things happening, this will be for you.

Some of you know what it is. I have been talking about it for weeks now in irc.

I would do it now, but I am passing out. Thought I would leave everyone a tease.  

[Deprived]

How long does it take for a btc deposit through weexchange? I've sent some small amount few hours ago to the deposit address and still doesn't show in funds there. I thought its automatic after 6 confirmations? Also no reply from support yet.   

Have there been 6 confirmations?  Does it show up as processing?

My deposits have always been available promptly after 6 confirms - the only slow one was when it took a long time to get 6 confirmations.

[bougelahi]

I made a withdraw from we exchange/bitfunder to my wallet the previous night. Still nothing showing up, and the bitcoin transaction id provided by them does not exist on blockchain.info =\ Anyone experience this before?

[Ukyo]

The issue at WeExchange has been corrected.
Deposits should be accounted for now.

[bougelahi]

It was fixed thank you so much!

[Ukyo]

The issue at WeExchange has been corrected.
Deposits should be accounted for now.

Yep. Deposit is there, but now I've sent btc from weexchange to bitfunder and nothing arrives at bitfunder. Thats my first deposit btw.

Weexchange Transaction ID   quVuTopuZpALfqCmkAsZBbh4xKEHO9Fi
Not my day I guess. 

Something about that does not look right. Check your PM.