Topic: [BF and BTCT] Gamma SatoshiDICE Pass Through - page 16. (Read 34903 times)

Not exactly sure where I have not been around long for
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. I did not see your nickname on Wot, but we can talk about fixing that in private on IRC.
However, I don't think any of that is relevant to any of this.


THAT is the first sound reasoning I have heard from anyone on the forums for a reason to pick an exchange!

I spoke to terra last night on skype, and we noticed that among the legitimate shareholders casting their votes on what to do with their shares there appeared to be realistic votes for both exchanges. He came up with a brilliant idea that would allow shareholders to use both and make everyone happy. Last I spoke to him, he was waiting to hear from Burnside on the matter. It seems like they may have already talked, or Burnside may already be in favor of such an arrangement.

I really believe there is no need for arguing over when, where, and why, when you can spend that time finding a solution instead! Terra has gone out of his
way to spend a lot of time to be able to provide some quality assets, with little to no thanks or reward and has so far gone above and beyond to come up with a solution for his shareholders that may cause him even more work, but is wanting to do it as it provides a solution to making everyone happy. In my conversations with him over the few days, he has proven to be one of the few people who can look at things from multiple points of view, and try to understand everyone's position and be fair. I have offered him my full faith and trust with my personal information, and anything else within reason should he desire because I have seen that he has proven to be trustworthy through the past, and has kept his word.

+10 DeaDTerra 

I will second that in my opinion Ukyo is a reliable operator.  He hasn't been around as long as an operator, but he has the real-world creds.

I think which exchange comes down to a matter of preference, both BitFunder and BTC-TC have plans in place for avoiding GLBSE like disaster and obviously both have the core functionality of share trading in place.  I'd suggest trying a few trades on both, exploring the interfaces and options, etc.

Competition is a good thing.  Keeps everyone on their toes.  


Edit in italics.

It seemed to me that the consensus of those few of us who posted would prefer BTC-TC.  But I don't really care if you want to put the asset on BitFunder, I'm was mostly just trying to avoid having to manage yet another account for my ex-GLBSE holdings.

Hey, with everything that has happened over the last two years... I wholeheartedly agree.
That is why I made the the public asset list for people. I want the system to be as transparent as possible so that everyone knows I am doing my best to make sure everything is on the line. I know at least one other person managing an exchange has questioned this, but I can not imagine how everyone knowing things can be a bad thing and never got a reason as to why it was not a good idea other than perhaps they do not understand how bitcoin works.

As for BitFunders fees, from our public F.A.Q. page to the thread for everyone's convenience...

That's true. As it was not apparent from my previous comment: All of these platforms are equally untrustworthy for me.
(So I'm not descriminating against a particular platform. )

Assuming this, I'd simply go for the one with the lowest fees.

If you are the operator of one of these platforms: Please don't take this personally. I appreciate all business iniatives. But nowadays trust is hard to earn in the Bitcoin community.


Edit: Or, alternatively go for the one with the best liquidity and reasonable fees.

Hey btcash,

Did you see the 'help' link at the top right of the site?

Yes, fee's alone are never a good thing to go by. You get what you pay for!

As for not having a real ToS, when the other sites repeat over and over in a very long method that either a. Nothing on the site is real, and has no value, and they take no responsibility for anything, or B. immediately states that they assume no responsibility or liability for any consequences as a result of using the services, anything beyond those statement is just fluff to re-enforce the original statement in further detail since there are no responsibilities to the users. (That I see anywhere, I could be wrong...)

Cryptostocks is a longer and more detailed version of "We will not, we do not". no where does it state that they "will" do anything.
https://cryptostocks.com/terms

btct.co is no different. Their terms have plenty of "Obligations of BTC-TC Registered Users, Member Companies and Interactions Between Buyers and Sellers"
but there are NO obligations that the site has to the users.
https://btct.co/register - (I am not sure why the 'Terms of Service' link at the bottom of their site is a /register url.. but that's what works.)

I don't even see a remark that they will make every effort try to do their best. At least I will promise you that!
BitFunder also makes all asset information fully public by way of a user specified bitcoin address. You know there is no funny business, extra shares, etc.

If you would feel better for me to write up as many possible detailed methods of explaining various events regarding the usage of the system, and how you are responsible, and the site is not, then I will spend the time to do it. I just feel that "Everything in the room is red" should not need a followup of "The desk is red, the walls are red, the carpet is red." I am seriously not trying to be an ass or sarcastic in _any_ way. I made BitFunder to help the community, and to be what people want. If you say do it, I will.

When I spoke to Terra, he asked me for a copy of my id. I did not hesitate to say no problem. I have a scanned and (very clear) copy ready for him.
I owned and operated my own datacenter of 2,500~7,500 sqft (growth over time) for nearly 8 years. I sold off a few years ago to spend time with my family of now 4 children. The people who took over the company ended up crashing it to the ground attempting to save money. Some of my customers of 8+yrs and even from as recent as before I left came to me directly after that at which I have taken care of them once again for the last year or so. I have hosted http://ozcoin.net a great mining pool ran by Graet for the last year as well.

I currently have 3 corporations setup for WeExchange (an AUD,CAD, USD btc exchange), and working towards getting one of two financial licenses for it to be able to offer debit cards. I am also using those discussions with my consultants currently to try to find a way to better legalize BitFunder, as it is requires very special needs. (Such as being a sudo securities exchange that does not use real currency.) We have decided that just registering a corporation in some other country and claiming the system is for entertainment purposes would not remove the liabilities. If anything, it could make it look worse, as a cover up for citizens to gamble online, and many other things. From what I have read, cyrptostocks is at the same point BitFunder is and are diligently looking for a proper solution as well.

Due to my business history, my personal information is all over the web. If you wish to talk about my credentials further, I invite all of you to IRC where we can get to know each other better. I learned a long time ago to avoid forums. I generally have just read posts on here and avoided posting. I am an IRC guy, and have been on the bitcoin channels for a year and half now if not longer. You will notice my forums account was registered on July 20, 2011. I am sure you can understand why someone would want to avoid all the drama and scandals here unless they had a reason to insert them selves into it.

I hope this helps to clarify things!

Also, I noticed that you have never posted in the GSDPT thread before, other than to +1 btct. It just made me curious if you happen to own any shares of GSDPT?

Are you kidding?
BitFunder barley has TOS:


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.

Can you please contact all shareholders by e-mail and ask to vote in pool? It would be nice to choose together by voting, which exchange we want to move in.

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. 

I have been contacted by the BF owner,
I wanted to check what your opinions are off moving GSDPT to BitFunder?
//DeaDTerra

Hi DeaDTerra,

I recommend BitFunder, I recently relisted ABM there, just upload the AYML file and shareholders can claim their shares.

Greetz

I can recommend BTC-TC too. It is the most advanced exchange at the moment and it is free for exGLBSE issuer.

I would be very happy to see GSDPT continue on https://btct.co/


I know how btct.co works, because I manage assets at both of Burside's exchanges, (LTC-GOLD and BTC-GOLD) and I highly recommend it.


Here's how it works:

• You sign up, list your asset.
  
• The moderators take a look at your asset contract, your history (from forums, irc, whatever) and then give a YES or NO vote.
• Once you get 5 YES votes, your asset is approved and trading can begin.
• Give you list to burside so it can be imported.
• The exchange automatically creates "claim accounts" and emails everyone who had shares at GLBSE.
• People log in, claim shares, life goes on.

Other benefits of btct.co:

• Speed. Burside developed the exchange with speed in mind and continues in that direction.
• Community Involvement. Burnside is actively involved with the community. He listens to all suggestions and implements the best ones.
• Followed lawyer's advice before creating the exchange. Registered as an actual company in Belize.
• As a asset issuer/manager, you will be emailed all shareholder info (as of right now) at least twice a day. This email includes the email address of all shareholders and how many shares they own--just in case.
• Can easily import the GLBSE list from Nefario. Automatically creates "claim accounts" for all users to log in and claim shares. Unclaimed account will still accrue their fair share of dividends as normal until claimed.
• Burnside is "going easy" on previous GLBSE asset issuers and will refund the asset creation fee. All you have to do is ask. So it's free to move there from GLBSE.

I second the BTCT.co option.

BTC-TC apparently has a way to import the lists from GLBSE with little hassle.  I hold both Cognitive and Bakewell shares and it was really easy as a user to claim my shares after they were imported.

I am currently looking for a exchange to move onto, preferable one which allows me to upload the list Nefario gave me so that people can reclaim the shares.
Any suggestions or opinions?
//DeaDTerra

Any update, DeadTerra?

I didn't get anything yet?

If the list is anything like the rest of the old GLBSE operation, I would imagine it's a horrible mess. 

Take your time, and I'm sure I speak for everyone when I say "You've done a great job handling this".

Did that go out?