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Topic: [BF and BTCT] Gamma SatoshiDICE Pass Through - page 15. (Read 34944 times)

sr. member
Activity: 448
Merit: 250
Was just having irc chat with Ukto and it looks there is going to be some mechanism for moving the reinstated GSDPT shares between bitfunder and btct, maybe it can be extended for this use case, too?

Actually the line was:
Quote
[14:25] jurov: actually, he said for now there would be no transfers between

Meaning between the exchanges. The users are claiming the shares to which exchange (btct or BitFunder) to claim the shares to.

I did mention that:
Quote
[14:26] it may change at a later time, but shares issued on each are for good
[14:26] this doesnt mean someone else couldnt use my direct trade feature to act as transfer agent between sites either Wink

So if someone really wanted to, they could act as middleman to let people 'trade' their shares between the two exchanges.

Hope this helps! Smiley
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
The problem with using coinbr.com is the monthly account fee. For people with small investments, there is no way that they will earn enough to make the fee worthwhile. For people with large investments, it makes more sense to just open an account directly on MPEx.
Already replied to that, no need to derail this thread again. Please discuss coinbr here. In short - starting with 10BTC investment you can consistently get more in dividends from any stock than pay on coinbr fees. Throw in some rudimentary speculation on price movements, you'll improve even more.
hero member
Activity: 518
Merit: 500
An Email has been sent out to all the share holders Smiley
Please respond with the exchange off your choice, and guys please bare with me on this one as it may take a bit off time as I am doing all of this manually.
//DeaDTerra
So DeaDTerra, this means the option to exchange the passthrough shares to real S.DICE stock via coinbr.com was silently ignored, without any explanation? You did not even ask me what possible discount/benefits can coinbr provide for the users and just quickly gave in to these who screamed loudest or even offered bribes?
No problem with us, we have no intention to doing business in this typical bitcointalk way. Plus, it leaves us with free hands to provide a plan that will render most of these mpex passthrougs obsolete, should we find out something viable.

The problem with using coinbr.com is the monthly account fee. For people with small investments, there is no way that they will earn enough to make the fee worthwhile. For people with large investments, it makes more sense to just open an account directly on MPEx.
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov

Your site is not an exchange but an pass through to MPEX, I am already offering the conversion from GSDPT shares into S.DICE shares. You don't need me to list on your site, for you to take my GSDPT shares and convert them into your own pass through, you could simply accept GSDPT shares and then ask me to convert them into S.DICE shares.
Wow, you took this personal xD, I didn't mean to offend you, I just didn't see our services compatible, but actually as competitors.

Btw, Things will go even slower as I have the winter flue, high fever puking etc.
So I am just going to get some rest for now.
//DeaDTerra
Well then, and how do I "take" or "accept" the GSDPT shares? I will put a message on coinbr "To claim your GSDPT shares to be converted to S.DICE and added to your account, tell so to deadterra" - is that all? How are we going to process such claims? Was just having irc chat with Ukto and it looks there is going to be some mechanism for moving the reinstated GSDPT shares between bitfunder and btct, maybe it can be extended for this use case, too?

With CoinBr account, you buy/sell directly on MPEx, and even get MPEx-signed receipts for all orders. This is something hardly comparable to existing GBLSE/BTCT/Bitfunder passthroughs - perhaps they should call themselves rather funds backed by one MPEx asset, as they trade on separate exchange completely.  

Indeed I can be competitor, as I have said, but I need not to be. CoinBr codebase allows one to create many wonderful things, for example fund managed automatically by bot and it pains me to see such opportunities completely missed and blindly doing the same as before/as everyone else is doing. Of course, I could do it myself, but I don't want to stretch myself too thin, instead focusing on core business.

I don't have very high meaning of passthroughs as they stand currently. Their business model hinges completely upon high barrier of entry to MPEx, they provide no added value in themselves. Plus they add risk in form of another counterparty (passthrough operator plus another exchange - heck, there will be two of them in this case. The more, the merrier, yeah.)
legendary
Activity: 1708
Merit: 1020
What about dividends, will they be added to the balances of the trading site we decide upon?
Dividends will be paid out once all/a big majority of the shares has been claimed.
//DeaDTerra

can you also hold on to my shares for a while to let all this settle?


imho graet knowing ukyo boosts his credibility.

Quote
We (BitFunder) do not accept responsibility for anything.
WARNING: Use at your own risk.
hehe, at least honest.
member
Activity: 102
Merit: 10
It sure is painful to watch how this S.DICE turd slowly melts to a puddle of shit and there is nothing I can do to get out of it... because fkn James can not get his act together fast enough. FUUUUUUCCCCKKK  Cry

James, you owe me 2 ales, not just one,  for all the pain and suffering you have caused me!

I second that!
The sooner I can dump my shares and find out how much of a loss I'm gonna take, the better!
donator
Activity: 1064
Merit: 1000
An Email has been sent out to all the share holders Smiley
Please respond with the exchange off your choice, and guys please bare with me on this one as it may take a bit off time as I am doing all of this manually.
//DeaDTerra
So DeaDTerra, this means the option to exchange the passthrough shares to real S.DICE stock via coinbr.com was silently ignored, without any explanation? You did not even ask me what possible discount/benefits can coinbr provide for the users and just quickly gave in to these who screamed loudest or even offered bribes?
No problem with us, we have no intention to doing business in this typical bitcointalk way. Plus, it leaves us with free hands to provide a plan that will render most of these mpex passthrougs obsolete, should we find out something viable.
Your site is not an exchange but an pass through to MPEX, I am already offering the conversion from GSDPT shares into S.DICE shares. You don't need me to list on your site, for you to take my GSDPT shares and convert them into your own pass through, you could simply accept GSDPT shares and then ask me to convert them into S.DICE shares.
Wow, you took this personal xD, I didn't mean to offend you, I just didn't see our services compatible, but actually as competitors.

Btw, Things will go even slower as I have the winter flue, high fever puking etc.
So I am just going to get some rest for now.
//DeaDTerra
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
It sure is painful to watch how this S.DICE turd slowly melts to a puddle of shit and there is nothing I can do to get out of it... because fkn James can not get his act together fast enough. FUUUUUUCCCCKKK  Cry

James, you owe me 2 ales, not just one,  for all the pain and suffering you have caused me!
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
An Email has been sent out to all the share holders Smiley
Please respond with the exchange off your choice, and guys please bare with me on this one as it may take a bit off time as I am doing all of this manually.
//DeaDTerra
So DeaDTerra, this means the option to exchange the passthrough shares to real S.DICE stock via coinbr.com was silently ignored, without any explanation? You did not even ask me what possible discount/benefits can coinbr provide for the users and just quickly gave in to these who screamed loudest or even offered bribes?
No problem with us, we have no intention to doing business in this typical bitcointalk way. Plus, it leaves us with free hands to provide a plan that will render most of these mpex passthrougs obsolete, should we find out something viable.
full member
Activity: 178
Merit: 100
Bitfunder needs an WeExchange account if I'm correct, anyone has any experience with them?

Yes, I signed up about 6 months ago and done a few trades. It is run by Graet in Australia and Ukto in the United States. My experience so far has been good - faster bitcoins than MtGox (based in Australia).
hero member
Activity: 756
Merit: 522
Bitfunder needs an WeExchange account if I'm correct, anyone has any experience with them?

Graet's thing.
full member
Activity: 238
Merit: 100
I have been contacted by the BF owner,
I wanted to check what your opinions are off moving GSDPT to BitFunder?
//DeaDTerra


With both platforms having highly questionable TOS (= basically no responsibility for anything) it all boils down to the question of who has the lowest fees.  Grin
Are you kidding?
BitFunder barley has TOS:
Quote
   We (BitFunder) do not accept responsibility for anything.
    WARNING: Use at your own risk.
    You must agree to 1 and 2.
Grin

Lowest fees should never be the main reason. Usability, functionality and trustworthiness are way more important.
Bitfunder has no real TOS, no history and no Contact information.
BTC-TC is a registered company, owned by a well know member of the Bitcoin community and has way more advanced script than Bitfunder.
Just looking at the fees would be foolish.


The lower fees are the more likely there are to be scammers issuing securities.
full member
Activity: 195
Merit: 100
Bitfunder needs an WeExchange account if I'm correct, anyone has any experience with them?
donator
Activity: 1064
Merit: 1000
What about dividends, will they be added to the balances of the trading site we decide upon?
Dividends will be paid out once all/a big majority of the shares has been claimed.
//DeaDTerra
member
Activity: 102
Merit: 10
What about dividends, will they be added to the balances of the trading site we decide upon?
hero member
Activity: 518
Merit: 500
An Email has been sent out to all the share holders Smiley
Please respond with the exchange off your choice, and guys please bare with me on this one as it may take a bit off time as I am doing all of this manually.
//DeaDTerra

So if I understand correctly, GSDPT will be available on both btct.co and bitfunder? This is pretty cool. It will be interesting to see how closely the prices track each other and how much volume there is on either exchange.
donator
Activity: 1064
Merit: 1000
An Email has been sent out to all the share holders Smiley
Please respond with the exchange off your choice, and guys please bare with me on this one as it may take a bit off time as I am doing all of this manually.
//DeaDTerra
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
Doh.  I apologize.  What was your previous forum profile?  (don't have to be public, PM me if willing.  I just didn't realize and now I'm curious.)

I'm not on WoT.  I may setup on it eventually, but I've never really did the research or understood it.  Pirate had a great WoT rating...

Cheers.

Same profile I am using right now.
Date Registered:   July 20, 2011, 11:16:21 PM

And yes, Pirate did, and so do many legit people. Nothing is infallible, but something is better than nothing.  Wink
I would be more than happy to help you get setup with WoT and help you establish some credibility on it. Smiley
Again, I think this is kind of irrelevant to this thread?
(Unless you are trying to somehow point out to users who is a more trustworthy exchange operator by age or WoT standing? I would like to think this is not the case.)
As I have stated in other threads, we can discuss stuff between us like this elsewhere and not in other peoples faces. Smiley

Threads go all over the place, it's nothing new.

There was no hidden meaning.

Appreciate the offer for WoT, may take you up on that!

Cheers.

sr. member
Activity: 448
Merit: 250
Doh.  I apologize.  What was your previous forum profile?  (don't have to be public, PM me if willing.  I just didn't realize and now I'm curious.)

I'm not on WoT.  I may setup on it eventually, but I've never really did the research or understood it.  Pirate had a great WoT rating...

Cheers.

Same profile I am using right now.
Date Registered:   July 20, 2011, 11:16:21 PM

And yes, Pirate did, and so do many legit people. Nothing is infallible, but something is better than nothing.  Wink
I would be more than happy to help you get setup with WoT and help you establish some credibility on it. Smiley
Again, I think this is kind of irrelevant to this thread?
(Unless you are trying to somehow point out to users who is a more trustworthy exchange operator by age or WoT standing? I would like to think this is not the case.)
As I have stated in other threads, we can discuss stuff between us like this elsewhere and not in other peoples faces. Smiley
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
Not exactly sure where I have not been around long for Tongue
I have been around the community for a good year and a half on IRC as I have mentioned before.
And if we are going by forum profiles, seems between us you are a bit younger. Wink I did not see your nickname on Wot, but we can talk about fixing that in private on IRC. Smiley
However, I don't think any of that is relevant to any of this.

Doh.  I apologize.  What was your previous forum profile?  (don't have to be public, PM me if willing.  I just didn't realize and now I'm curious.)

I'm not on WoT.  I may setup on it eventually, but I've never really did the research or understood it.  Pirate had a great WoT rating...

Cheers.
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