Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 499. (Read 771566 times)

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.

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.

IMPORTANT NOTICE TO ALL BTC TRADING CORP WEBSITE PARTICIPANTS

As a result of recent changes in the virtual currency regulatory environment, the btct.co and litecoinglobal.com virtual stock market websites will be closing down.  The following is our current schedule:

Approximately a week ago, both sites were closed to any new users and new asset creation was disabled.
 
Effective immediately, in conjunction with this release, trading will be halted, all order books cleared, and trading re-enabled.
 
October 7, 2013, all forms of secondary market trading will be halted on both sites.
 
Approximately October 31, 2013, both sites will be taken offline.  It is strongly suggested that participants take the following steps to protect all of their virtual assets:
 
All participants should take steps to transfer all of your BTC and LTC (and any other data you wish to keep, such as CSV trade histories) held on the sites to your personal computer or another trusted site.
 
All participants should make sure that their public BTC or LTC address is properly set in the Account page on the Settings tab whereby it can be shared with all issuers.
 
All “issuers” should have the contact information concerning their “investors”, and we ask that all “issuers” communicate with their “investors” as soon as possible as to how they will ensure that all are treated appropriately.

We regret this development. However, we want to do everything we can to minimize problems arising from this transition.  It is our goal to keep this shutdown orderly and calm.

Thank you for your participation, creativity, loyalty and sense of community over the past year.  Additional communications will follow as we work out the details.

Ethan Burnside
BTC Trading Corp.

I am selling but not buying any at the moment, just want actual Bitcoins, this story does not end well.

bitfunder has an open asset list which means that if the site gets shut down everyone will still have the information of how many shares are owned by each bitcoin address.

and thus someone can make a new trading platform and migrate those shares on the asset list over there.

Even if he is not sleeping, its not reasonable to expect him to come up with a well though out plan mere minutes after btct announced its closing its doors.

Is Ken aware of the situation with BTCT?

How are we handling this situation?

Are people just selling at a loss and then buying up on Bitfunder?

If possible I would like to see our Btct shares switched over to Bifunder, but I think that goes with out saying. 

Are people just selling at a loss and then buying up on Bitfunder?

what reason is there to believe bitfunder will not follow the same path as glbse and btct?

Probably a good thing for those holding the traditionally cheaper shares on bitfunder. Not a good thing for those holding the traditionally higher priced shares on btc-tc.