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Author Topic: [BitFunder] Asset Exchange Marketplace + Rewritable Options Trading  (Read 100542 times)
ffssixtynine
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November 04, 2013, 02:29:42 PM
 #1101

UPDATE: He's been on IRC and explained more about what has gone on, and apologised profusely. He is adamant that this is due to him trying to do everything himself and that he has been totally overwhelmed.

He assures us that he is able to work on the technical issues over the next few days although he can't give an ETA as he is also trying to deal with support requests at the same time.

With regards to the withdrawal errors, he maintains that bitcoind is failing after only a few minutes of up time.
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Ukyo
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November 04, 2013, 09:28:08 PM
 #1102

Important Notice (November 4, 2013)
 
Please be advised that BitFunder is ceasing operations.  In connection with BitFunder’s shut-down, please note the following points, which supplement the points outlined in BitFunder’s October 8, and October 11, 2013 notices:
 
* As of November 14, 2013, no BitFunder user will be able to enter into any new positions or sell positions on the BitFunder website.

* BitFunder users are encouraged to transfer their shares from the BitFunder site to the respective issuer(s) no later than December 1, 2013.

* As of December 2, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by BitFunder users, and will provide the issuer(s) with the public bitcoin address associated with the user account.  After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.

* On December 2, 2013, bitcoin balances in the accounts of all users will be transferred to their WeExchange accounts.

* As of the date of this notice, BitFunder is not assessing any new fees against any BitFunder user.

* Notwithstanding the shut-down, the site will remain available for viewing and users will be able to request records from BitFunder until at least December 15, 2013.

BitFunder appreciates your understanding in these matters.

I will be making a detailed post explaining more later on. I know this will be hard for some of you, but please try to hold off on the conspiracy theories until then.

Thank You,
Ukyo

BitFunder - Asset Exchange Marketplace https://bitfunder.com
WeExchange - AUD (Direct Bank Transfers), CAD (Interac), USD BTC Exchange & Options Trading
pedrog
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November 04, 2013, 09:35:01 PM
 #1103

Seriously?

superbit
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November 04, 2013, 09:37:59 PM
 #1104

What was the point of asking users to become verified then??  I finally got around to submitting my documents today, please ignore the files uploaded and have them destroyed.

Thank-you

https://bitfinex.com/?refcode=UInJLQ5KpA <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with the refcode
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November 04, 2013, 09:39:41 PM
 #1105

chriswilmer
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November 04, 2013, 09:43:10 PM
 #1106

Did we ever get a clear explanation as to why BTCT.CO closed down?
limbaugh
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November 04, 2013, 09:43:46 PM
 #1107


It appears to bring you joy to see this sector fail. Where will you troll when it's gone?
ishkur
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November 04, 2013, 09:51:38 PM
 #1108

Well I am happy that I only own direct AM shares and ACTM shares (direct sorta)

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November 04, 2013, 09:53:57 PM
 #1109

What was the point of asking users to become verified then??  I finally got around to submitting my documents today, please ignore the files uploaded and have them destroyed.

Thank-you

+1000

Why bother with the whole verification process?

I hope for the sake of ALL people who got verified, that you allow them to become 'unverified' and destroy all their documents.

Or ... perhaps a conspiracy theory ... perhaps you knew you were going to close, and this was your chance to get a crap load of real peoples identifications so that you can profit from the data Huh  Roll Eyes
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November 04, 2013, 09:55:08 PM
 #1110


It appears to bring you joy to see this sector fail. Where will you troll when it's gone?

I have warned you dozens of times, using logic, reason, and wasting thousands of keystrokes -- you chose to ignore the warnings.
Perhaps this modified aversion therapy will make some sort of an imprint.
It worked on Pavlov's dogs, though those were smart & eager to learn.
We'll see how things hash out here.
aquarius
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November 04, 2013, 09:59:54 PM
 #1111

I sure hope you do a 'Lavabit.com' and erase all the data from your servers and not let the degenerate Government bureaucrats get their disgusting fingers on it!
PurpleTentacle
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November 04, 2013, 10:01:31 PM
 #1112

I really hope you'll give us the option to close our Weex accounts.

sebastienurbain
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November 04, 2013, 10:02:19 PM
 #1113

Why does it say that I'm verified on Weexchange but I'm not on Bitfunder? Wtf I can't even trade. I'm not US citizen...
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November 04, 2013, 10:04:04 PM
 #1114

Important Notice (November 4, 2013)
 
* As of November 14, 2013, no BitFunder user will be able to enter into any new positions or sell positions on the BitFunder website.

Thank You,
Ukyo

Ukyo,

Since BF is closing, can you turn ON trading for EVERYONE until November 14 !!

There is simply no point preventing people from the US and those not verified from trading when you are closing anyway.

Just turn all trading back on, and finish it all on Nov 14 as you mentioned.

fran2k
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November 04, 2013, 10:04:38 PM
 #1115

So, the rumors were true:

Quote
Important Notice (November 4, 2013)

Please be advised that BitFunder is ceasing operations. In connection with BitFunder's shut-down, please note the following points, which supplement the points outlined in BitFunder's October 8, and October 11, 2013 notices:

As of November 14, 2013, no BitFunder user will be able to enter into any new positions or sell positions on the BitFunder website.

BitFunder users are encouraged to transfer their shares from the BitFunder site to the respective issuer(s) no later than December 1, 2013.

As of December 2, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by BitFunder users, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.

On December 2, 2013, bitcoin balances in the accounts of all users will be transferred to their WeExchange accounts.

As of the date of this notice, BitFunder is not assessing any new fees against any BitFunder user.

Notwithstanding the shut-down, the site will remain available for viewing and users will be able to request records from BitFunder until at least December 15, 2013.

BitFunder appreciates your understanding in these matters.
donut
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November 04, 2013, 10:11:04 PM
 #1116

Ukyo, you need to clarify what happens with Ukyo.Loan.

Quote
Shares have a face value of 0.01 BTC.

You can request refund of loan at face value anytime.

I requested a refund about 1.5 months ago and heard NOTHING in return.

Where's my money, Lebowski?
digit
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November 04, 2013, 10:12:37 PM
 #1117

Has this been the plan all along?

I was halfway to getting the documents i needed for verification, guess i wont need to now.  this is terrible treatment of your users.  well at least i hav a valid passport again :\


BTCANX.IO - Secure - Trusted - Transparent - Proof of Funds - Lowest Fees - Trade Bitcoin / Altcoins / Rewards / BTCanxShares
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Ukyo
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November 04, 2013, 10:18:56 PM
 #1118

No, the intention was to operate the site with verified users only.
The decision to shut down completely is very recent.

As I said, I will post more details a bit later.
Right now I am trying to spend time fixing other things.

-Ukyo

BitFunder - Asset Exchange Marketplace https://bitfunder.com
WeExchange - AUD (Direct Bank Transfers), CAD (Interac), USD BTC Exchange & Options Trading
digit
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November 04, 2013, 10:23:31 PM
 #1119

No, the intention was to operate the site with verified users only.
The decision to shut down completely is very recent.

As I said, I will post more details a bit later.
Right now I am trying to spend time fixing other things.

-Ukyo

so what happened?  even with verified users it still not legal enough for the US of A?

BTCANX.IO - Secure - Trusted - Transparent - Proof of Funds - Lowest Fees - Trade Bitcoin / Altcoins / Rewards / BTCanxShares
SNAP! $1 of BTC for You & Me - Sign up Now - LiMITED TiME
TiPS: BTCTC:1DigitwteXwFcRAaWpVDRp6eKqzC6y9tgm ■ ŁTC:LKMcEHoFWHAUoRscqW1cwjhLgFrk7MgCWU ■ BLK:BR4WG59FjQYiQNVR3Ftn9EYgs4kJE1YLUK
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November 04, 2013, 10:24:17 PM
 #1120

No, the intention was to operate the site with verified users only.
The decision to shut down completely is very recent.

As I said, I will post more details a bit later.
Right now I am trying to spend time fixing other things.

-Ukyo

Ok,

Since BF is closing, can you turn ON trading for EVERYONE until November 14 !!

There is simply no point preventing people from the US and those not verified from trading when you are closing anyway.

Just turn all trading back on, and finish it all on Nov 14 as you mentioned.
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