[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[kslaughter]

I'm not a big fan of Bitfunder either, but let's not complicate this at the moment. The important thing is to maintain liquidity, so immediately moving to Bitfunder makes the most sense as no setup is required.

Let's merge everything into BitFunder for liquidity purposes.

No, setup is required, as we already have planned for this.  All I have to do is take the shares off of BTC-TC and issue the shares on Bitfunder.

I'm assuming you are going to be doing this on or shortly after October 7th?

October 7, 2013, all forms of secondary market trading will be halted on both sites.

Thank you for the clarification

Seems like that would be what we would do.

[Pale Phoenix]

I'm not a big fan of Bitfunder either, but let's not complicate this at the moment. The important thing is to maintain liquidity, so immediately moving to Bitfunder makes the most sense as no setup is required.

Let's merge everything into BitFunder for liquidity purposes.

No, setup is required, as we already have planned for this.  All I have to do is take the shares off of BTC-TC and issue the shares on Bitfunder.

Yes, kudos for forward thinking Ken. We're in much better shape than many other assets, so a thank you is definitely in order. Thanks!

Once things are stable, diversifying to Havelock will help reduce our risk yet again, should something similar happen with Bitfunder. One silver lining to all of this may be that more attention is given to the development of a decentralized exchange to minimize regulatory risk in the future.

[aquarius]

I'm not a big fan of Bitfunder either, but let's not complicate this at the moment. The important thing is to maintain liquidity, so immediately moving to Bitfunder makes the most sense as no setup is required.

Let's merge everything into BitFunder for liquidity purposes.

+1

[Stuartuk]

=

Yes, kudos for forward thinking Ken.

+1

[freedomno1]

Lets not put all our eggs in one basket or exchange until the dust settles but evaluate it over time

Thanks for all the updates Ken

[GodfatherBond]

So, how this move from btc-tc > bitfunder(?) will go actually? What shareholders needs to do?

[Pompobit]

So, how this move from btc-tc > bitfunder(?) will go actually? What shareholders needs to do?

wait for news from ken, or sell on btct and buy on bitfunder, until the prices are so close

[aquarius]

So, how this move from btc-tc > bitfunder(?) will go actually? What shareholders needs to do?

it seems that he is just going to move them over prior to closing in October.

[knybe]

it baffles me that anyone is selling below .0025 but whatever... I got plenty btc, just keep chompin.

[N_S]

it baffles me that anyone is selling below .0025 but whatever... I got plenty btc, just keep chompin.

Well, if you think the price is on the downswing, it doesn't much matter what price you sell at if you have the intention to buy back.

[Pompobit]

it baffles me that anyone is selling below .0025 but whatever... I got plenty btc, just keep chompin.

Well, if you think the price is on the downswing, it doesn't much matter what price you sell at if you have the intention to buy back.

agree, and price likely will go lower before some good news, if we still can see one :\

[crumbs]

it baffles me that anyone is selling below .0025 but whatever... I got plenty btc, just keep chompin.

I'm more baffled why you haven't chomped moar -- last sell was 0.00142600.  Get chompin'!

[knybe]

it baffles me that anyone is selling below .0025 but whatever... I got plenty btc, just keep chompin.

Well, if you think the price is on the downswing, it doesn't much matter what price you sell at if you have the intention to buy back.

agree, and price likely will go lower before some good news, if we still can see one :\

no way man... this sleeper is gonna blow the doors off any other mining operation once in full swing.

MARK
MY
WORDS

[SoylentCreek]

it baffles me that anyone is selling below .0025 but whatever... I got plenty btc, just keep chompin.

Well, if you think the price is on the downswing, it doesn't much matter what price you sell at if you have the intention to buy back.

agree, and price likely will go lower before some good news, if we still can see one :\

no way man... this sleeper is gonna blow the doors off any other mining operation once in full swing.

MARK
MY
WORDS

Consider them marked.

[Pompobit]

@Ken, but you are US citizen no? Will that be an issue?

No, it is owned by the AMC (Belize) right now; however, it will have to be spun off to a different corporation before it can start operations, as AMC does not have the proper license to hold 3rd party funds.

Just a thought. Btct was registered in belize, also. Why your exchanger should not suffer from the same burnside's end?

If a solution would be avoid the use to US citizens, don't you think burnisde would have done it, as well?


edit: don't get me wrong, I'm a shareholder and I want ActM to succeed, but this thing about open a new exchanger scares me, I don't want it makes things go worse

[kslaughter]

See the announcement thread for instructions on transferring shares from BTC-TC to Bitfunder.

[kslaughter]

@Ken, but you are US citizen no? Will that be an issue?

No, it is owned by the AMC (Belize) right now; however, it will have to be spun off to a different corporation before it can start operations, as AMC does not have the proper license to hold 3rd party funds.

Just a thought. Btct was registered in belize, also. Why your exchanger should not suffer from the same burnside's end?

If a solution would be avoid the use to US citizens, don't you think burnisde would have done it, as well?


edit: don't get me wrong, I'm a shareholder and I want ActM to succeed, but this thing about open a new exchanger scares me, I don't want it makes things go worse

The new exchange with AMC as the owner of the corporation that runs the Stock Exchange will only happen if there are not any other options for shares to be traded on an exchange.  Should the new exchange not be needed in the long term, it may be sold with the provision that ActiveMining could be listed there in the future at no listing charge.

[4ju5tice]

I attempted to transfer my shares. We'll see how this goes.

Thanks for being on top of the exchange issue Ken, it makes me feel more confident!

How's the PR situation going? Are you going to be attending BTC conferences like I had suggested? I know our competitors will be there. Please respond to this.

[knybe]

Only one transfer per email please.
Do not send multiple emails for the same transfer.

Date:
Timestamp Of Transfer on BTC-TC:
BTC-TC Exchange User Name:
Number Of Shares:

Bitfunder User Name:


Move BTCT.Co To Bitfunder shares:

BTC-TC INSTRUCTIONS START

1).  Transfer your ActiveMining shares by transferring the shares on BTC-TC to AMCTENDER1.
  
2).  Then email the above information to transfer@activeminingcorp.com right after you make the transfer above.

Your ActiveMining shares will then verified in the AMCTENDER1 account, after being verified the same number of shares will be
transferred to your Bitfunder account.  

BTC-TC INSTRUCTIONS END

The cutoff time for dividends to be paid to shares transfers is 18:00 UTC on Wednesday of each week
If you expect dividends to be paid do not transfer your shares after this time until the dividends are
paid for that week.  After the dividends are paid for the week you can then transfer your shares again.

Transfered shares will be processed FIFO as fast as possible.

Transfers will only be accepted for 1 week through September 30, 2013.

Warning:  Anyone, trying to commit fraud will have their transfer denied and shares confiscated.

made transfer.

holding breath...

[synapseattack]

Well every time I try I get "Trading is currently frozen on this security." in big red letters.