[BTC-TC] BitVPS

[madmax_ger]

whats up here?
Id like to hold my shares.

[MilkyLep]

More than 2 weeks since the last "update."

No word from anybody at BitVPS regarding a new exchange, direct shares or buyout.

And still no dividend payment.

What's going on?

[Lohoris]

I'm getting worried now:

News sent to shareholders:

There is currently no acceptable place to move the asset. Havelock is not accepting new assets and BTCT.co is closing down and Bitfunder is closing down to US.

Bonds will be bought back. For large holders who would wish to stay, they will be able to lend me funds directly under new terms (1% per month), paid directly to their BTC address.

Please make sure you provided a public BTC address on BTCT.co and that it is accurate. PAYMENTS WILL BE MADE TO THAT ADDRESS!

He's talking about BTC-BOND over there, but I'm worried nonetheless, especially since we got no update here.

[Namworld]

Hello,

As said on other threads, Havelock is not accepting new assets. Bitfunder does not accept US businesses. I am currently unsure about what will be done with shares.

As for statements, I am personally leaving BitVPS and needs to show arij how to do statements and transfer him all passwords and info needed to manage finances. He's been quite busy lately dealing with transfers however. There will be no dividend for September as we made new purchases. We're also moving to a private cabinet at NYI. We might keep making acquisition, focus on advertising and accumulate profits until a solution is found. Havelock may start accepting new assets at some point, but want to check some things first.

I will have to discuss these matters further with the others.

(As a sidenote, as some may know, when RG abandoned BitVPS, I accepted to join as RG had sold me a large amount of shares prior to that. I still have my shares and even more than before and will remain a shareholder.)

[Lohoris]

Thank you for the update, bad news are much better than no news at all : )

Still not the end of the world, it will get a bit complicated, but as long as who will be in charge is willing, we can go on a few months without an exchange.
Either with direct shares or waiting for the new exchange based on btct code.

PS: exchange or no exchange, I will expect to still receive monthly updates, right? (and the delay of this month is obviously very acceptable)

[Namworld]

Thank you for the update, bad news are much better than no news at all : )

Still not the end of the world, it will get a bit complicated, but as long as who will be in charge is willing, we can go on a few months without an exchange.
Either with direct shares or waiting for the new exchange based on btct code.

PS: exchange or no exchange, I will expect to still receive monthly updates, right? (and the delay of this month is obviously very acceptable)

Yes, we should have monthly statements in order.

[Lohoris]

So, what about going back to MPEx?

No sarcasm intended, I don't understand if this is supposed to be a joke or not.

[Lohoris]

It's not. It used to be on MPEx but was delisted: http://trilema.com/2013/sbvps-delisting-notice/

mpex has one of the worst interfaces I've ever seen, one of the worst PR I've ever noticed, and a 30 BTC registration fee.
30 BTC is more or less 1-2% of the whole BITVPS.
Unless they offered free accounts to every BITVPS current investor, it shouldn't even be considered, even disregarding the horrible interface and PR (which, alone, would be enough to walk away IMO).

[Lohoris]

The MPEx access isn't for mere mortals. Brokers are available, for example https://coinbr.com/about

Account management fee : 0.09 BTC monthly.

BTC withdrawals and asset transfers : 0.1 BTC fee

Service is under active development and there are no guarantees except our best effort

So you pay, but technically you have no rights.

[MPOE-PR]

mpex has one of the worst interfaces I've ever seen, one of the worst PR I've ever noticed, and a 30 BTC registration fee.
30 BTC is more or less 1-2% of the whole BITVPS.
Unless they offered free accounts to every BITVPS current investor, it shouldn't even be considered, even disregarding the horrible interface and PR (which, alone, would be enough to walk away IMO).

You really have trouble learning, do you. How is it that you find yourself still convinced that what's important about an exchange is what its website looks like? People who hold rounded corners etc as what's important in investing have no business investing. It's been proven time and time again here and I'm sure it'll keep right on happening so long as people steadfastly cling to such completely broken ideas.

Registration was free when MPEx was in beta. You missed out. Then it was 20 BTC. You missed out. It was amply announced that the fee was only ever going to go up. You continued to miss out. Do you see the trend here? What are you doing right now?

As for "the worst PR you've ever noticed", the problem would be that what you've "noticed" before is a slew of people paid (or not) to go around patting people on the back for being idiots and ensuring everyone all the time that everything's just fine. Again, this sort of thing is only desired by and only valuable for people who would be much better suited to playing a dice game or throwing coins into a fountain for that matter. I clear stuff up, and often enough it comes with rubbing salt into cuts because otherwise, some people just cannot see through the emotional, totally undisciplined haze of their preconceived notions.

People like you.

[Rick_1983]

I think you should move the monthly statemants back to your website,https://www.bitvps.com/
This is what you can and should do now.

[Lohoris]

I think you should move the monthly statemants back to your website,https://www.bitvps.com/
This is what you can and should do now.

You mean linking them on the site (I agree), because they have always been published on google docs IIRC.

[Lohoris]

<blah blah blah blah>

You're stupid, I'll help you.

30 BTC is more or less 1-2% of the whole BITVPS.

[Lohoris]

https://bitcointalk.org/index.php?topic=228327.msg3337061#msg3337061
https://bitcointalk.org/index.php?topic=228327.msg3337253#msg3337253

This might be very good news.

TL;DR DMS will likely (90% chance) move to "an exchange" in the near future, and that exchange is none of the above (bitfunder, havelock, mpex).

This might mean that a new exchange is about to be born, and in that case that exchange might accept BITVPS too.

[Fabrizio89]

Let's hope its not picostocks.

[scatha]

Cryptostocks is an exchange, and it's not in the US.

[Lohoris]

Currently I do not trust any random small exchange, which could be fraudolent or incompetent and any bad thing can happen.

We should convert to a direct share system, and/or wait for a real exchange to come out.

[Rick_1983]

I think move back to Mpex is a good idea,BVPS started from Mpex!
And most of the share holders have a Mpex account.people who for whatever reason don't want a full MPEx account
can always register with a MPEx broker such as coinbr.com.

[SquishySquish]

mpex will not accept bitvps

[Lohoris]

mpex will not accept bitvps

I won't accept mpex.