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joris
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July 28, 2013, 09:14:00 AM |
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DONT DO THAT
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;-)
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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ffssixtynine
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July 28, 2013, 10:06:57 AM |
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Activeminer absolutely mustn't interfere with the market. To do so would be disasterous, and they've made mistakes in this respect before.
It is up to traders to perform arbitrage.
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drdanishkhan
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July 28, 2013, 10:24:02 AM |
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Activeminer should in no way be a part of the market price setting be it through arbitrage. If someone is a large holder he can always sell on bitfunder slowly and transfer shares to btct.
The inly reason imo for this price difference is the low volume on bitfunder i guess. So many walls are already in place even to reach the current high..
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BTC tip jar 1LrwjfQ41DA9u8PLcQBLp7CueoWotdKshq
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stenkross
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July 28, 2013, 10:50:23 AM |
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A dumb question:
How will the arbitrage traders move their shares from BF --> BTCT (or other way) without Ken?
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ArcticWolf
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July 28, 2013, 10:54:30 AM |
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A dumb question:
How will the arbitrage traders move their shares from BF --> BTCT (or other way) without Ken?
You will have to sell, tranfser coin, then rebuy on the other exchange |
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bigdude
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July 28, 2013, 11:12:15 AM |
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A dumb question:
How will the arbitrage traders move their shares from BF --> BTCT (or other way) without Ken?
You will have to sell, tranfser coin, then rebuy on the other exchange Yes, but then all your shares are on BF, which seems to have a constant lower price. So you sell on btct, move bitcoins to BF, by a larger amount of shares on BF, but which then have a lower price anyway, so value is the same. Am I missing something? |
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ArcticWolf
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July 28, 2013, 11:17:10 AM |
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A dumb question:
How will the arbitrage traders move their shares from BF --> BTCT (or other way) without Ken?
You will have to sell, tranfser coin, then rebuy on the other exchange Yes, but then all your shares are on BF, which seems to have a constant lower price. So you sell on btct, move bitcoins to BF, by a larger amount of shares on BF, but which then have a lower price anyway, so value is the same. Am I missing something? Thats correct. Without having some way to transfer between exchanges you dont really gain much, unless the price on Bitfunder spikes over btc-tc at some point |
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ffssixtynine
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July 28, 2013, 11:37:04 AM |
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There is less volume but bitfunder has two advantages:
- you can get your bitcoin out easier, even it you do have to go through the awful weexchange.
- Bitfunder have a more legally informed approach whilst still being unregulated. If one exchange got taken down first, it would likely be btct if you've been following the relevant threads.
Btct publish shareholders to the issuers but your shares would certainly be locked up for a while.
Btct has two advantages:
- higher volume
- faster to get your bitcoin in (3 confirmations vs 6)
You could go 50:50 across exchanges so if one goes down then you keep some liquidity. I'm more on Bitfunder myself.
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Stuartuk
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July 28, 2013, 11:39:48 AM |
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its just a mailing address.
The same address used by dozen of other companies (many involved in fraud). I'm sure you can understand my concern. Why is he using a UK remailer if the office is in the US? Yes this was brougt up over several pages on the original AMC thread (now dead). The reason for having a UK 'office' was not officially stated but it must be to do with the Belize registration. I would think to register an offshore company in Belize you need to give a 'home office' address. Now Ken can't give a US address as that would defeat the purpose of off shore registration - the idea is to protect the company from possible restrictive US legislation. So a non-US address was needed and this is it - a popular London mail forwarding house. Now it is true a lot of scammers use these mail boxes to stay anonymous, but so do a lot of legitimate businesses but for the above mentioned reason. Ken is not anonymous, we know a lot about him so he is clearly not using a mail box for the reason that a fraud artist would. Disclaimer- By the way that is my personal opinion it is not the official position of AMC or Active Mining which may well be UK based and operate from UK soil in good faith. |
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drdanishkhan
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July 28, 2013, 11:53:30 AM |
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Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday??  |
BTC tip jar 1LrwjfQ41DA9u8PLcQBLp7CueoWotdKshq
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vlaoou321
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July 28, 2013, 12:03:27 PM |
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Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? BF will keep coming Only K can only free conversion |
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Plazma
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July 28, 2013, 12:16:23 PM |
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One people get their money from s dice it will equal out
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BTC: 1A1Mwjfw2mTko4N2UuVQ3RK4hXJunsPA3j
XMP: AcT3PK4wofjCMt6irN4HXENUqPvoBJRWk3
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joris
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July 28, 2013, 12:24:31 PM |
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Who wants to effectively transfer shares from BF towards BTCT, could create a parallel passtrough.
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;-)
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vlaoou321
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July 28, 2013, 12:25:02 PM |
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One people get their money from s dice it will equal out
AGREE |
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Mabsark
Legendary
 Offline
Activity: 826
Merit: 1004
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July 28, 2013, 12:27:44 PM |
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Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? I don't know why some people here are claiming that BitFunder has such low volume compared to BTC-TC. We can clearly see that the 24 hour volume for Active Mining on BTC-TC is 790.3 BTC while on BitFunder it is 735.24 BTC. That's not the end of the story though. AMC is still alive on BitFunder and people are still buying it. The 24 hour volume for AMC is 249.038 BTC. If you add the volume for Active Mining and AMC together, then you get 984.278 BTC, which is a fair bit higher than that on BTC-TC. |
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finlof
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July 28, 2013, 12:46:38 PM |
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Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? I don't know why some people here are claiming that BitFunder has such low volume compared to BTC-TC. We can clearly see that the 24 hour volume for Active Mining on BTC-TC is 790.3 BTC while on BitFunder it is 735.24 BTC. That's not the end of the story though. AMC is still alive on BitFunder and people are still buying it. The 24 hour volume for AMC is 249.038 BTC. If you add the volume for Active Mining and AMC together, then you get 984.278 BTC, which is a fair bit higher than that on BTC-TC. especially given the price difference |
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drdanishkhan
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July 28, 2013, 12:47:54 PM |
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i gues people buy en mass on bitfunder.. more like panic buyin. on btct its more of a regular interval kinds.. imo..  |
BTC tip jar 1LrwjfQ41DA9u8PLcQBLp7CueoWotdKshq
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vlaoou321
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July 28, 2013, 12:49:47 PM |
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Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? I don't know why some people here are claiming that BitFunder has such low volume compared to BTC-TC. We can clearly see that the 24 hour volume for Active Mining on BTC-TC is 790.3 BTC while on BitFunder it is 735.24 BTC. That's not the end of the story though. AMC is still alive on BitFunder and people are still buying it. The 24 hour volume for AMC is 249.038 BTC. If you add the volume for Active Mining and AMC together, then you get 984.278 BTC, which is a fair bit higher than that on BTC-TC. BITFUNDER owns 12,000,000 shares, BTCT owns 2.9 million shares |
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stenkross
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July 28, 2013, 01:29:16 PM |
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BITFUNDER owns 12,000,000 shares, BTCT owns 2.9 million shares
That makes ~15 million shares totally, so I think you are wrong (should be < 10 million total). But still, there's a lot more shares on BF than on BTCT, and some of them were bought at 20% of BTCT IPO price, which also makes a difference. |
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