[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 498.

kslaughter

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Quote from: jinyoubei on September 23, 2013, 08:09:00 AM

@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.

drawingthesun

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Quote from: jinyoubei on September 23, 2013, 08:09:00 AM

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

As long as the security itself and the public shareholders are not American it should be fine. I know lots of people that own companies with different legal structures offshore. They can offer shares under those legal structures just fine as long as they are within the correct legal framework (so not offering shares back to americans for example)

drawingthesun

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Quote from: VolanicEruptor on September 23, 2013, 08:08:22 AM

If I started my own stock exchange and sold volcaniceruptor shares, they would be direct shares because I am not a third party..

I assume the exchange would list other securities. Maybe I misunderstood.

jinyoubei

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

drawingthesun

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Quote from: kslaughter on September 23, 2013, 08:06:43 AM

Sure, that is a possibility also.

I think BF for the immediate future is the best idea. At least it would join both the markets finally.

VolanicEruptor

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Quote from: kslaughter on September 23, 2013, 08:05:16 AM

Quote from: VolanicEruptor on September 23, 2013, 08:02:19 AM

Quote from: kslaughter on September 23, 2013, 07:58:55 AM

Quote from: Puppet on September 23, 2013, 07:00:49 AM

Quote from: kslaughter on September 23, 2013, 06:36:22 AM

BTC-TC SHUTDOWN INFORMATION

BTC-TC Investors will be able to transfer their shares to Bitfunder before the shutdown.

ActiveMining will post the information on the procedure to transfer shares to Bitfunder later today in this thread.

This would be a good time to think of what to do when BF also closes down, because its only a matter of time IMO.

I have already though about that. AMC already has a Stock Exchange built and is in the testing phase. If Bitfunder is shutdown also, shares would be transferred to Active Mining Corporation own Stock Exchange. To avoid problems with the US, the Stock Exchange will block all US IP's and ask during signup if you are a US citizen.

I believe your trying to refer to "direct shares".

Sorry, VE, but no I am not referring to "direct shares".

If I started my own stock exchange and sold volcaniceruptor shares, they would be direct shares because I am not a third party..

kslaughter

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Sure, that is a possibility also.

San1ty

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Quote from: kslaughter on September 23, 2013, 07:58:55 AM

Quote from: Puppet on September 23, 2013, 07:00:49 AM

Quote from: kslaughter on September 23, 2013, 06:36:22 AM

BTC-TC SHUTDOWN INFORMATION

BTC-TC Investors will be able to transfer their shares to Bitfunder before the shutdown.

ActiveMining will post the information on the procedure to transfer shares to Bitfunder later today in this thread.

This would be a good time to think of what to do when BF also closes down, because its only a matter of time IMO.

I have already though about that. AMC already has a Stock Exchange built and is in the testing phase. If Bitfunder is shutdown also, shares would be transferred to Active Mining Corporation own Stock Exchange. To avoid problems with the US, the Stock Exchange will block all US IP's and ask during signup if you are a US citizen.

What about Havelock? Not US Based...

kslaughter

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Quote from: VolanicEruptor on September 23, 2013, 08:02:19 AM

Quote from: kslaughter on September 23, 2013, 07:58:55 AM

Quote from: Puppet on September 23, 2013, 07:00:49 AM

Quote from: kslaughter on September 23, 2013, 06:36:22 AM

BTC-TC SHUTDOWN INFORMATION

BTC-TC Investors will be able to transfer their shares to Bitfunder before the shutdown.

ActiveMining will post the information on the procedure to transfer shares to Bitfunder later today in this thread.

This would be a good time to think of what to do when BF also closes down, because its only a matter of time IMO.

I have already though about that. AMC already has a Stock Exchange built and is in the testing phase. If Bitfunder is shutdown also, shares would be transferred to Active Mining Corporation own Stock Exchange. To avoid problems with the US, the Stock Exchange will block all US IP's and ask during signup if you are a US citizen.

I believe your trying to refer to "direct shares".

Sorry, VE, but no I am not referring to "direct shares".

kslaughter

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Activity: 476

Merit: 250

Quote from: drawingthesun on September 23, 2013, 08:01:43 AM

Quote from: kslaughter on September 23, 2013, 07:58:55 AM

AMC already has a Stock Exchange built and is in the testing phase.

If BF failed and we used that exchange, would it be owned by the shareholder and would we receive the trade fee as a dividend?

Yes, at this time AMC owns the exchange.

VolanicEruptor

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Quote from: kslaughter on September 23, 2013, 07:58:55 AM

Quote from: Puppet on September 23, 2013, 07:00:49 AM

Quote from: kslaughter on September 23, 2013, 06:36:22 AM

BTC-TC SHUTDOWN INFORMATION

BTC-TC Investors will be able to transfer their shares to Bitfunder before the shutdown.

ActiveMining will post the information on the procedure to transfer shares to Bitfunder later today in this thread.

This would be a good time to think of what to do when BF also closes down, because its only a matter of time IMO.

I have already though about that. AMC already has a Stock Exchange built and is in the testing phase. If Bitfunder is shutdown also, shares would be transferred to Active Mining Corporation own Stock Exchange. To avoid problems with the US, the Stock Exchange will block all US IP's and ask during signup if you are a US citizen.

I believe your trying to refer to "direct shares".

drawingthesun

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Quote from: kslaughter on September 23, 2013, 07:58:55 AM

AMC already has a Stock Exchange built and is in the testing phase.

If BF failed and we used that exchange, would it be owned by the shareholder and would we receive the trade fee as a dividend?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Puppet on September 23, 2013, 07:00:49 AM

Quote from: kslaughter on September 23, 2013, 06:36:22 AM

BTC-TC SHUTDOWN INFORMATION

BTC-TC Investors will be able to transfer their shares to Bitfunder before the shutdown.

ActiveMining will post the information on the procedure to transfer shares to Bitfunder later today in this thread.

This would be a good time to think of what to do when BF also closes down, because its only a matter of time IMO.

I have already though about that. AMC already has a Stock Exchange built and is in the testing phase. If Bitfunder is shutdown also, shares would be transferred to Active Mining Corporation own Stock Exchange. To avoid problems with the US, the Stock Exchange will block all US IP's and ask during signup if you are a US citizen.

Pompobit

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Quote from: drawingthesun on September 23, 2013, 07:47:23 AM

Well if anyone wants a positive, putting all the shares on Bitfunder will add more liquidity to the market.

Thats all I can think of right now.

+1

drawingthesun

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Well if anyone wants a positive, putting all the shares on Bitfunder will add more liquidity to the market.

Thats all I can think of right now.

Puppet

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Quote from: drawingthesun on September 23, 2013, 07:03:10 AM

A bitcoin exchange will exist at some point, if BF goes down we can trade shares off exchange. Its possible to register a dividend and ownership addresses similar to what ASICMINER does.

Asicminer model would be one way, another would be gigamining. The latter having the advantage of being legal (afaik), at the cost of losing anonymity and liquidity.
Anyway, it would be good to think about it before its needed.

Quote

But one thing at a time, lets get on BF first.

Yeah, hurry before it gets closed too

Vigil

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This is insanity. I think this has more to do with the Labcoin situation than anything - Burnside is fearing he could get investigated if things go wrong with any of these securities.

You go to sleep and then you wake up to your stock price having tanked.

Subcide

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That's probably a conversation for another thread, but I agree. I hope they speak up on the issue.

San1ty

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Quote from: kslaughter on September 23, 2013, 06:02:57 AM

Just a quick note on the BTC-TC shutdown.

We will be looking into this problem today, and will post a solution later today. All investors on BTC-TC should have their bitcoin address set. Also, I would have a bitfunder account set up if you don't already have one.

I seriously dislike bitfunder (Slow, WeExchange, ...) What's wrong with using havelock? Don't we get another option?

theterabyte

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as I posted on some threads for other assets I own - when choosing a new home, having a plan in event of sudden seizure of the exchange is paramount. BTCT always had the best plan on this account - if they poofed overnight, the assets holders would be able to (read: have no excuse not to) continue paying dividends, etc. because BTCT emailed out a list of share ownership daily.

It is certainly preferrable that BTCT is shutting down slowly and responsibly, allowing us to make plans, but we should take this into account in looking at bitfunder. If they do not currently take some of the same measures BTCT did, why not? Can we pressure them to do so?

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 498. (Read 771288 times)