velacreations
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July 24, 2013, 07:38:20 PM |
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how do people think the recent burnside discussion about closing BTCT to US investors will affect the price of AM? Should US investors move to BF?
BF suffered a bit lately, mainly because of the security vulnerability. I know several people that move to BTCT since then, and the AM price has certainly been lower over there, as well as the volume.
What do folks think about this?
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Ozymandias
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July 24, 2013, 08:05:36 PM |
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how do people think the recent burnside discussion about closing BTCT to US investors will affect the price of AM? Should US investors move to BF?
BF suffered a bit lately, mainly because of the security vulnerability. I know several people that move to BTCT since then, and the AM price has certainly been lower over there, as well as the volume.
What do folks think about this?
US shareholders better fall in love with the concept of direct shares in the next few days.
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FloatesMcgoates
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July 24, 2013, 08:11:10 PM |
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how do people think the recent burnside discussion about closing BTCT to US investors will affect the price of AM? Should US investors move to BF?
BF suffered a bit lately, mainly because of the security vulnerability. I know several people that move to BTCT since then, and the AM price has certainly been lower over there, as well as the volume.
What do folks think about this?
Luckily for us ASICminer seems to be one of the only companies with a reliable and efficient direct share system, negating alot of the risk of exchange closures.
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Bonam
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July 24, 2013, 08:16:35 PM |
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how do people think the recent burnside discussion about closing BTCT to US investors will affect the price of AM?
Link to said discussion?
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gog1
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July 24, 2013, 08:18:46 PM |
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Just do a search on for member burnside and look at his last posts. He operates the BTCT. Looks like we'll have some cheap ASICMINER stock, or a lot of transfer to non-US exchanges such as havelock, 796, and OTC. Is bitfunder based on US?
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Birdy
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July 24, 2013, 08:19:02 PM |
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People who fear that can move out of btct.co to direct shares instead of selling the shares, so I guess there is a bit of selling to the current price, but it will not lead to panic selling.
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velacreations
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2013, 08:19:43 PM |
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how do people think the recent burnside discussion about closing BTCT to US investors will affect the price of AM? Should US investors move to BF?
BF suffered a bit lately, mainly because of the security vulnerability. I know several people that move to BTCT since then, and the AM price has certainly been lower over there, as well as the volume.
What do folks think about this?
US shareholders better fall in love with the concept of direct shares in the next few days. I actually think it is a bunch of hogwash, to be honest. There is absolutely no indication that bitcoin exchanges are going to be prosecuted by the SEC. Here's where burnside was speculating about what might happen, and then the markets basically all took a nosedive: https://bitcointalk.org/index.php?topic=261235So, I'm thinking, great time to buy cheap shares. Thank you, nervous nellies!
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velacreations
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July 24, 2013, 08:20:45 PM |
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Just do a search on for member burnside and look at his last posts. He operates the BTCT. Looks like we'll have some cheap ASICMINER stock, or a lot of transfer to non-US exchanges such as havelock, 796, and OTC. Is bitfunder based on US?
I thought havelock was US, too?
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gog1
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2013, 08:33:46 PM |
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Just do a search on for member burnside and look at his last posts. He operates the BTCT. Looks like we'll have some cheap ASICMINER stock, or a lot of transfer to non-US exchanges such as havelock, 796, and OTC. Is bitfunder based on US?
I thought havelock was US, too? I believe they are Canadian - the 51st state! But so far Canada seems to have taken quite a different approach towards bitcoins.
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Ozymandias
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2013, 08:38:27 PM |
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Just do a search on for member burnside and look at his last posts. He operates the BTCT. Looks like we'll have some cheap ASICMINER stock, or a lot of transfer to non-US exchanges such as havelock, 796, and OTC. Is bitfunder based on US?
I thought havelock was US, too? I believe they are Canadian - the 51st state! But so far Canada seems to have taken quite a different approach towards bitcoins. Canada seems to be embracing btc and I would have little issue moving over to havelock (and if that wasn't an option, then I suppose bitfunder as a last resort) but if access gets cut off to Americans it looks like ASICminer will be one of the few securities I'd be able to more or less safely hold on to (directly, not PT) as an Ashamed American
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freedomno1
Legendary
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Activity: 1806
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Learning the troll avoidance button :)
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July 24, 2013, 09:22:40 PM |
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Just do a search on for member burnside and look at his last posts. He operates the BTCT. Looks like we'll have some cheap ASICMINER stock, or a lot of transfer to non-US exchanges such as havelock, 796, and OTC. Is bitfunder based on US?
I thought havelock was US, too? I believe they are Canadian - the 51st state! But so far Canada seems to have taken quite a different approach towards bitcoins. Canada seems to be embracing btc and I would have little issue moving over to havelock (and if that wasn't an option, then I suppose bitfunder as a last resort) but if access gets cut off to Americans it looks like ASICminer will be one of the few securities I'd be able to more or less safely hold on to (directly, not PT) as an Ashamed American With havelock I doubt their will be any issues they also operate Canadianbitcoins and issue Cavirtex stocks which is expanding development in Canada with retailers the approach to bitcoins is far different than the USA. Plus the recent Canadian news on Visa and Premium cards is sure to irritate if not piss off some merchants. http://o.canada.com/2013/07/23/competition-tribunal-rejects-visa-mastercard-fees-complaint/Canadian merchants will continue paying higher fees to accept “premium” credit cards after a landmark ruling by the Competition Tribunal. The tribunal sided with Visa and Mastercard in rejecting a complaint from Canada’s Competition Bureau filed in December 2010. The Bureau, on behalf of retailers, made a case against what they call excessively high fees paid by retailers for accepting certain credit cards. So-called premium credit cards — ones with reward programs or other perks — charge retailers higher fees than other cards when customers use them to make purchases. According to the Retail Council of Canada (RCC), a $300 purchase could cost a merchant $12 for the transaction — compared to 12 cents for a $300 debit purchase. Targeting the exchange is not likely to happen Pirate committed a Financial crime while havelock has been working with the regulators on KYC etc in Canada. https://www.canadianbitcoins.com/https://www.cavirtex.com/faqThat said as Cavirtex has pointed out Bitcoin is not officially recognized by the Canadian government as a currency, stock or any type of good that has value however since the exchange of Canadian dollars occurs for Bitcoins, it is the exchange operator's responsibility to ensure that all money handling laws and regulations are obeyed on the Canadian dollar side of the transaction. For the Bitcoin side, VirtEx is proactive in maintaining legal advice, working with politicians as well as seeking out established brokers in Canada to determine the future of Canadian Bitcoin Exchange. We have the ambitious long term plan to work with the Canadian government to form the first regulatory framework for Canadian Bitcoin exchange.
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Believing in Bitcoins and it's ability to change the world
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Ninshatamoto
Member
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July 24, 2013, 09:24:20 PM |
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Just do a search on for member burnside and look at his last posts. He operates the BTCT. Looks like we'll have some cheap ASICMINER stock, or a lot of transfer to non-US exchanges such as havelock, 796, and OTC. Is bitfunder based on US?
I thought havelock was US, too? I believe they are Canadian - the 51st state! But so far Canada seems to have taken quite a different approach towards bitcoins. Canada seems to be embracing btc and I would have little issue moving over to havelock (and if that wasn't an option, then I suppose bitfunder as a last resort) but if access gets cut off to Americans it looks like ASICminer will be one of the few securities I'd be able to more or less safely hold on to (directly, not PT) as an Ashamed American Good day to already be on Havelock I guess...
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freedomno1
Legendary
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Merit: 1090
Learning the troll avoidance button :)
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July 24, 2013, 09:29:05 PM |
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Just do a search on for member burnside and look at his last posts. He operates the BTCT. Looks like we'll have some cheap ASICMINER stock, or a lot of transfer to non-US exchanges such as havelock, 796, and OTC. Is bitfunder based on US?
I thought havelock was US, too? If your in Ottawa you can go drop by the Canadianbitcoin office and buy bitcoins ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Cash in Person (Ottawa) https://www.canadianbitcoins.com/contact.php
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Believing in Bitcoins and it's ability to change the world
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burnside
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Lead Blockchain Developer
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July 24, 2013, 09:52:08 PM |
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how do people think the recent burnside discussion about closing BTCT to US investors will affect the price of AM?
Link to said discussion? Keep in mind while reading that it is a DISCUSSION... NOT a plan of action. https://bitcointalk.org/index.php?topic=261235.0 (tl'dr; nothing to get excited about at the moment...) Several of the exchanges are in the same situation, BTC-TC is simply the focus at the moment, potentially due to it's size, open discussion, and community focus. Cheers.
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velacreations
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2013, 09:55:21 PM |
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I'm not sure why people are selling right now on BTCT, no policy has been announced, only discussion. But, I guess people just panic for whatever reason.
Cheap shares!
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Pale Phoenix
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July 24, 2013, 10:01:09 PM |
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Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations ( National Instrument 45-106). Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything.
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Bonam
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July 24, 2013, 10:07:37 PM |
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TAT's passthrough has dropped down to 0.041. Wish I had some spare BTC right now ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Easy ~10% profit within a few days.
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velacreations
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2013, 10:09:33 PM |
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Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations ( National Instrument 45-106). Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything. don't tell people that, you'll make the price rise before my confirmations...
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BitAddict
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Activity: 1190
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July 24, 2013, 11:41:41 PM |
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Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations ( National Instrument 45-106). Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything. don't tell people that, you'll make the price rise before my confirmations... 3 confirmations never went so slow... I missed the train ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Pale Phoenix
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July 24, 2013, 11:45:39 PM |
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don't tell people that, you'll make the price rise before my confirmations...
Sorry. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I picked up some cheap shares too. My only regret is not having a boatload of BTC at the ready.
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