After the news of BTCT closing down, should i feel safe using...

adub

full member

Activity: 171

Merit: 100

Changing avatars is currently not possible.

Quote from: Rannasha on September 23, 2013, 05:26:50 PM

Quote from: ?? on ??

Still not sure why they shut down. What happened exactly?

Something with legal matters / regulations. More details haven't been given. Whether we'll get these details or not remains to be seen.

BTCT shutting down is not a surprise. Read here and here...

Atruk

hero member

Activity: 700

Merit: 500

Quote from: Capitalism Prevails on September 23, 2013, 05:03:32 PM

BitFunder, Havelock, or CoinBr?

I understand BTCT was registered in Belize but opereated out of Oregan. Does anyone know this information for the other exchanges?

Probably CoinBR or MPEX.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: Capitalism Prevails on September 23, 2013, 05:03:32 PM

should i feel safe using...BitFunder, Havelock, or CoinBr?

Nope, you shouldnt feel safe at all.

Now bitfunder, like BTCT has a system so you that even if it closes, you can prove ownership of the assets you own. So if you trust the asset issuer, and you are counting on dividends rather than short term speculation, closing of the exchange wouldnt be a total loss (id just be very wary of keeping lots of coins on there). But the chance that these exchanges will not face the same fate as GLSBE and BTCT seems very slim to me. The question is more when than if IMO.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Ukyo on September 23, 2013, 05:34:25 PM

Let's not give rise to rumors and give Burnside the time he needs to sort things out and make his statements when ready.

That wouldn't be any fun. Too late also...

Burnside shut down because FBI called and mentioned Gitmo forever with no trial is A-OK with the courts these days.

/rumor

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: ?? on ??

Quote from: Rannasha on September 23, 2013, 05:26:50 PM

Quote from: ?? on ??

Still not sure why they shut down. What happened exactly?

Something with legal matters / regulations. More details haven't been given. Whether we'll get these details or not remains to be seen.

For all we know then he quit cuz he wanted to.

Highly unlikely. If he simply wanted out he could have sold the exchange for serious money. To someone actually located in Belize (or willing to move there), ideally.

Quote from: statdude on September 23, 2013, 06:06:33 PM

How hard is it to list and trade one of the many international exchanges?

http://en.wikipedia.org/wiki/List_of_stock_exchanges

Alternative Investment Market (“AIM”)
The London Stock Exchange’s international market for smaller growing companies. A wide range of businesses including early stage, venture capital backed as well as more established companies join AIM seeking access to growth capital. The AIM falls within the classification of a Multilateral Trading Facility (MTF) as defined under the MiFID directive in 2004, and such is a flexible market with a simpler admission process for companies wanting to be publicly listed.

Very hard. The regulation and legal expense is immense. Do not mistake "simpler admission" for "easy". Bitcoin is not even an "alternative" investment yet, by regulatory standards.

The vast majority of existing BTC securities could never be listed on a real exchange.

pascal257

sr. member

Activity: 493

Merit: 262

Quote from: statdude on September 23, 2013, 06:06:33 PM

How hard is it to list and trade one of the many international exchanges?

http://en.wikipedia.org/wiki/List_of_stock_exchanges

Alternative Investment Market (“AIM”)
The London Stock Exchange’s international market for smaller growing companies. A wide range of businesses including early stage, venture capital backed as well as more established companies join AIM seeking access to growth capital. The AIM falls within the classification of a Multilateral Trading Facility (MTF) as defined under the MiFID directive in 2004, and such is a flexible market with a simpler admission process for companies wanting to be publicly listed.

Why do we even consider Bitcoin as an alternative? We could just have used dollars, euros oder pound. Someone should've thought of this earlier.

statdude

legendary

Activity: 1498

Merit: 1000

How hard is it to list and trade one of the many international exchanges?

http://en.wikipedia.org/wiki/List_of_stock_exchanges

Alternative Investment Market (“AIM”)
The London Stock Exchange’s international market for smaller growing companies. A wide range of businesses including early stage, venture capital backed as well as more established companies join AIM seeking access to growth capital. The AIM falls within the classification of a Multilateral Trading Facility (MTF) as defined under the MiFID directive in 2004, and such is a flexible market with a simpler admission process for companies wanting to be publicly listed.

forensick

sr. member

Activity: 376

Merit: 250

it is maybe time to use corrupt exchanges regulated by SEC and CFTC, like NYSE Cheesy

KCBitcoin

full member

Activity: 224

Merit: 100

there is also a chinese exchange named 796, which looks pretty good actually.

Ukyo

sr. member

Activity: 448

Merit: 250

Quote from: ?? on ??

Quote from: Rannasha on September 23, 2013, 05:26:50 PM

Quote from: ?? on ??

Still not sure why they shut down. What happened exactly?

Something with legal matters / regulations. More details haven't been given. Whether we'll get these details or not remains to be seen.

For all we know then he quit cuz he wanted to.

I agree.

Let's not give rise to rumors and give Burnside the time he needs to sort things out and make his statements when ready.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Still not sure why they shut down. What happened exactly?

Something with legal matters / regulations. More details haven't been given. Whether we'll get these details or not remains to be seen.

chalbersma

full member

Activity: 163

Merit: 100

Quote from: Capitalism Prevails on September 23, 2013, 05:03:32 PM

BitFunder, Havelock, or CoinBr?

I understand BTCT was registered in Belize but opereated out of Oregan. Does anyone know this information for the other exchanges?

Havelock is in Canada.

Capitalism Prevails

full member

Activity: 137

Merit: 100

BitFunder, Havelock, or CoinBr?

I understand BTCT was registered in Belize but opereated out of Oregan. Does anyone know this information for the other exchanges?

Topic: After the news of BTCT closing down, should i feel safe using... (Read 1776 times)