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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058560 times)
pedrog
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September 25, 2013, 01:35:59 AM
 #14241

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.
+1

What's the problem people have with WeExchange?  I'm not saying it's not a problem or anything - I'm actually not very familiar with it.

It looks like it's straight out of the 90s, and if it wasn't Ukyo behind it I sincerely doubt anyone would trust it enough to use it.  Also using it with your Bitfunder account isn't exactly straight forward.

Edit:  It's still miles better than Havelock or 796.

Yeah, because bitcoiners are all about looks, that's why we liked BTCTC, because it looked great...

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Vigil
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September 25, 2013, 01:37:08 AM
 #14242

At least BitFunder auto updates its order book and chart.

WeExchange -> BF is no big hassle.
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September 25, 2013, 01:39:50 AM
 #14243

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.
+1

What's the problem people have with WeExchange?  I'm not saying it's not a problem or anything - I'm actually not very familiar with it.

It looks like it's straight out of the 90s, and if it wasn't Ukyo behind it I sincerely doubt anyone would trust it enough to use it.  Also using it with your Bitfunder account isn't exactly straight forward.

Edit:  It's still miles better than Havelock or 796.

Ukyo has mentioned that he will be making updates to the site.

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September 25, 2013, 01:58:06 AM
 #14244

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.
+1

What's the problem people have with WeExchange?  I'm not saying it's not a problem or anything - I'm actually not very familiar with it.

It looks like it's straight out of the 90s, and if it wasn't Ukyo behind it I sincerely doubt anyone would trust it enough to use it.  Also using it with your Bitfunder account isn't exactly straight forward.

Edit:  It's still miles better than Havelock or 796.

Bitfunder doesn't even support Yubikey. It's 2-factor is some weird Google shit.

It's just not that good.
dhenson
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September 25, 2013, 02:00:35 AM
 #14245

Exchanges should really learn from btct.co as you need 2-factor for everything.  Even if you had a keylogger, the 2-factor wasn't re-usable and was very safe.

Most sites only require 2-factor upon log in and don't require you to re-enter it when withdrawing or trading.

btct.co is far ahead of anyone else in that regard.
freedomno1
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September 25, 2013, 02:09:23 AM
 #14246

Exchanges should really learn from btct.co as you need 2-factor for everything.  Even if you had a keylogger, the 2-factor wasn't re-usable and was very safe.

Most sites only require 2-factor upon log in and don't require you to re-enter it when withdrawing or trading.

btct.co is far ahead of anyone else in that regard.

Hmm havelock had Gauth thought that was 2 FA?

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szmarco
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September 25, 2013, 02:11:56 AM
 #14247

There is an unofficial news.
796 will public a new withdraw fee policy soon.
Every account will have some zero fee withdraw chances according to the VIP level. For example,Level 4 users have 4 free times.
Ytterbium
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September 25, 2013, 02:13:09 AM
 #14248

There is an unofficial news.
796 will public a new drawing fee policy soon.
Every account will have some zero fee drawing chances according to the VIP level. For example,Level 4 users have 4 free times.

That's still ridiculous.  I realize they need to make money to cover their expenses some how but there shouldn't really be any fee to withdraw.

BitThink
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September 25, 2013, 02:14:29 AM
 #14249

The last payout interval is 5 hours (UTC 18:17 - UTC 23:07). Now is 3 hours after the last payment (UTC 2:12). It seems the hashing rate has decreased a lot. Now it's less than 250GH. What happened? There's no daily adding, but daily decreasing?
szmarco
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September 25, 2013, 02:15:51 AM
 #14250

The owner said that the withdraw fee was a firewall to defeat the hostile withdraws except covering expenses.
radiumsoup
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September 25, 2013, 02:16:32 AM
 #14251

There is an unofficial news.
796 will public a new drawing fee policy soon.
Every account will have some zero fee drawing chances according to the VIP level. For example,Level 4 users have 4 free times.

That's still ridiculous.  I realize they need to make money to cover their expenses some how but there shouldn't really be any fee to withdraw.
to me, it seems designed to keep btc on deposit, which suggests to me they do not keep all users' bitcoins available for withdrawal.

edit:

if what szmarco says is indeed true, that would confirm my suspicion. I'd never put coins there. If labcoin moves to 796, I will divest.

PGP fingerprint:   0x85beeabd110803b93d408b502d39b8875b282f86
AngelSky
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September 25, 2013, 02:19:07 AM
 #14252

The last payout interval is 5 hours (UTC 18:17 - UTC 23:07). Now is 3 hours after the last payment (UTC 2:12). It seems the hashing rate has decreased a lot. Now it's less than 250GH. What happened? There's no daily adding, but daily decreasing?

Welcome to Labcoin.

BitThink
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September 25, 2013, 02:22:18 AM
 #14253

There is an unofficial news.
796 will public a new drawing fee policy soon.
Every account will have some zero fee drawing chances according to the VIP level. For example,Level 4 users have 4 free times.

That's still ridiculous.  I realize they need to make money to cover their expenses some how but there shouldn't really be any fee to withdraw.

That restriction make me suspect they are using the deposit somewhere else. BTCT also restricts withdrawing by manual processing, but it can be explained by the demand of security. Adding withdrawing fee, however, does not help security at all.

 The only explanation is that they prefer the money stay in the stock as much as possible, and probably not all the BTC are staying in the exchange and be used somewhere else.
BitThink
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September 25, 2013, 02:25:17 AM
 #14254

The owner said that the withdraw fee was a firewall to defeat the hostile withdraws except covering expenses.

Then my suspect is confirmed.
szmarco
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September 25, 2013, 02:31:27 AM
 #14255

The owner said that the withdraw fee was a firewall to defeat the hostile withdraws except covering expenses.

Then my suspect is confirmed.
I'am afraid not.
the hostile withdraws means too many meaningless withdraw requests which will add too many meaningless work jobs and slow down the regular quests.

I suggest you take a few minutes to register a test account to find this exchange's advantages.
BitThink
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September 25, 2013, 02:41:51 AM
 #14256

The owner said that the withdraw fee was a firewall to defeat the hostile withdraws except covering expenses.

Then my suspect is confirmed.
I'am afraid not.
the hostile withdraws means too many meaningless withdraw requests which will add too many meaningless work jobs and slow down the regular quests.

I suggest you take a few minutes to register a test account to find this exchange's advantages.
In that case, they can just give everyone at least 1 free withdraw per day. Moreover, the free withdraw can be given to only old users to avoid abusing with newly created accounts.
szmarco
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September 25, 2013, 02:48:51 AM
 #14257

The owner said that the withdraw fee was a firewall to defeat the hostile withdraws except covering expenses.

Then my suspect is confirmed.
I'am afraid not.
the hostile withdraws means too many meaningless withdraw requests which will add too many meaningless work jobs and slow down the regular quests.

I suggest you take a few minutes to register a test account to find this exchange's advantages.
In that case, they can just give everyone at least 1 free withdraw per day. Moreover, the free withdraw can be given to only old users to avoid abusing with newly created accounts.
yea, I agree with you as a user. They have their own stock and want to appreciate the stockholder of their own. few zero-fee chances is an advance than before anyway.

BTW,I love their stock borrowing and lending function.
arousedrhino
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September 25, 2013, 03:09:01 AM
 #14258

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.
+1

Whats the argument?
redbeans2012
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September 25, 2013, 03:34:40 AM
 #14259

Anyone know when the "hashpower added daily" supposed to kick in?  Huh
lzr1900
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September 25, 2013, 03:38:15 AM
 #14260

Daily decreasing hashrate,really disappointed.
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