EskimoBob
Legendary
 Offline
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
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July 09, 2013, 06:39:25 AM |
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in BF, all issued shares must be paid a dividend, even if it's the issuer that holds them. It's kinda annoying if you are still trying to sell shares and are forced to have enough btc pay yourself in order to pay everyone else.
It also makes it impossible to tell how many shares have been sold - which is great for those who want to market-manipulate their own assets but not so great for legitimate issuers or for investors. This is a big issue with AMC, as not only are issued issuer shares held and paid dividends, but they are transferrable. This makes it easy for him to obfuscate price-manipulation and self-purchase of shares, etc. I know buying your own shares isn't hard anyway, but at one point you could easily tell that AMC was running two large holding accounts... Good point. BTW, AMC case is interesting because 60% of shares will be held by management. 2 things must happen - 1) This 60% must be locked for some unknown time (see contract) so they can not dump the shares 2) 60% of share must be excluded from dividend calculations, until 40% of shares (or what ever is sold from that) has received a total of 0.0025 per share. Probably the easiest way to fix this is to move 60% (belongs to management) of shares to separate account, lock this account down and handle it as treasury stock (no divs) until total of 0.0025 per share is paid for the rest. Otherwise it will be a huge mess... again. |
While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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Vbs
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July 09, 2013, 11:30:16 AM |
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Good point. BTW, AMC case is interesting because 60% of shares will be held by management.
2 things must happen -
1) This 60% must be locked for some unknown time (see contract) so they can not dump the shares
2) 60% of share must be excluded from dividend calculations, until 40% of shares (or what ever is sold from that) has received a total of 0.0025 per share.
Probably the easiest way to fix this is to move 60% (belongs to management) of shares to separate account, lock this account down and handle it as treasury stock (no divs) until total of 0.0025 per share is paid for the rest.
Otherwise it will be a huge mess... again.
If you check https://bitfunder.com/asset/ActiveMining Profile -> Details, you'll see that instead of issuing all shares, Ken is just issuing them as they are tendered/put to sale. This means that only a max of 10M will be issued and the rest 15M will not be, so they are effectively "locked" from receiving anything. The only thing that remains to do is the shares that are still in the issuer's account to not receive any dividends. |
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Ukyo (OP)
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July 09, 2013, 04:10:20 PM |
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The only thing that remains to do is the shares that are still in the issuer's account to not receive any dividends.
Which is being worked on.  -Ukyo |
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ArcticWolf
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July 10, 2013, 01:23:35 AM |
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Are there any plans in the works for a mobile friendly version of the site? Trying to view on my phone is a struggle currently.
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qzx881112
Newbie
Offline
Activity: 39
Merit: 0
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July 10, 2013, 01:27:49 PM |
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Hello, My phone was lost and so I can't log into my account (2 factor verification enabled), would you please tell me what should i do now? Thanks!!!
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TsuyokuNaritai
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July 10, 2013, 01:31:07 PM
Last edit: July 10, 2013, 01:42:03 PM by TsuyokuNaritai |
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Today I've been getting "Error: An invalid or duplicated request has been submitted." about a third of the time trying to make valid buy/sell orders (that have enough shares or BTC to cover them). Often happens if make the buy/sell order after cancelling a previous one.
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ArcticWolf
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July 12, 2013, 06:04:15 AM |
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Any chance we can get inputs.io integration?
I love that inputs.io gives instant transactions, waiting for blocks to be mined to confirm my withdrawal can be frustrating
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JoseRolles
Newbie
Offline
Activity: 23
Merit: 0
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July 16, 2013, 01:27:14 AM |
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Today I've been getting "Error: An invalid or duplicated request has been submitted." about a third of the time trying to make valid buy/sell orders (that have enough shares or BTC to cover them). Often happens if make the buy/sell order after cancelling a previous one.
Yes, this has happened to me constantly. After I cancel an order, I have to reload a fresh page in Chrome, then I will be able to post another order. Some bug here. Also, I have requested that server time be posted somewhere on the top of the page, or users are given an option to set times to display in their local timezones... hopefully these suggestions help =) |
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Ukyo (OP)
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July 16, 2013, 01:32:53 AM |
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Hi Jose, This issue has already been resolved. As for time, we are working towards localization. Thanks! Ukyo Today I've been getting "Error: An invalid or duplicated request has been submitted." about a third of the time trying to make valid buy/sell orders (that have enough shares or BTC to cover them). Often happens if make the buy/sell order after cancelling a previous one.
Yes, this has happened to me constantly. After I cancel an order, I have to reload a fresh page in Chrome, then I will be able to post another order. Some bug here. Also, I have requested that server time be posted somewhere on the top of the page, or users are given an option to set times to display in their local timezones... hopefully these suggestions help =) |
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JoseRolles
Newbie
Offline
Activity: 23
Merit: 0
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July 16, 2013, 04:08:17 AM |
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Thanks, Ukyo!
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pascal257
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July 16, 2013, 08:19:28 AM |
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Yet another bump for API access.
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lophie
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July 16, 2013, 02:39:13 PM |
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Yet another bump for API access.
+1*10^8 |
Will take me a while to climb up again, But where is a will, there is a way...
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Ukyo (OP)
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July 16, 2013, 02:52:24 PM |
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REST API will start to appear soon. Just making a few last adjustments. -Ukyo |
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FloatesMcgoates
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July 16, 2013, 11:01:03 PM |
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How come weexchange does not include transaction fee for withdrawals? When I withdraw with 0 transaction fee my transaction takes forever to make its way into the blockchain.
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Ukyo (OP)
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July 16, 2013, 11:27:20 PM |
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How come weexchange does not include transaction fee for withdrawals? When I withdraw with 0 transaction fee my transaction takes forever to make its way into the blockchain.
Due to the defaults and the inner workings of bitcoind not allowing an easy way to set a per-transfer tx fee (Last I looked) is the reason why. We have been working on a new bitcoin setup with additional security added in that will allow users to choose a fee to pay (or none). This will be available with the new weexchange site. -Ukyo |
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ArcticWolf
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July 17, 2013, 06:31:16 AM
Last edit: July 17, 2013, 07:00:06 AM by ArcticWolf |
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I just tried to log onto bitfunder and it turns out I had my caps lock on, and now it is telling me to try again later. I was wondering just how much later that is? Thanks in advance
Edit - back in now
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Technologov
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July 17, 2013, 10:52:50 AM |
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Hello !
Does anyone makes a daily back-up of all assets traded there?
This is very needed if the exchange gets closed.
I wanna be able to claim ownership of my shares.
-Technologov
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ArcticWolf
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July 17, 2013, 10:54:21 AM |
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Hello !
Does anyone makes a daily back-up of all assets traded there?
This is very needed if the exchange gets closed.
I wanna be able to claim ownership of my shares.
-Technologov
On bitfunder it has an "asset List" page that shows this by bitcoin address https://bitfunder.com/assetlist |
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Technologov
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July 17, 2013, 10:57:41 AM
Last edit: July 17, 2013, 11:27:25 AM by Technologov |
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If the site gets closed down, this list will be the first to disappear. We need a separate storage for it. Can someone write a script and store a daily copy? This way, we will be able to claim ownership of our purchased stocks from the upstream companies in question. (we'll lose all the BTC there, but not the stocks) So far I did: curl https://bitfunder.com/assetlist > ~/Dropbox/bitfunder-assetlist-$(date +"%F").html But if you have better solutions, please make them public. My solution is too basic. Alternative: Use Colored BitcoinX to download stock shares to our computers and store offline, like Bitcoins. We'll need to ask Bitfunder about it. |
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truy
Member
Offline
Activity: 81
Merit: 10
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July 18, 2013, 02:45:23 AM |
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It seems the assets list contains invalid bitcoin addresses and links to blockchain.info.
There should be some check on the settings page to force a valid bitcoin address.
And how about converting the list to ascii and sign/timestamp it with pgp/gpg?
So individual backups can be verified to be valid and current in time.
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