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Topic: [BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 23. (Read 74824 times)

legendary
Activity: 1022
Merit: 1000
Please start transfers now. We don't know 100% sure if everyone used a correct BTC address in bitfunder so the transfer process should ensure we have a double check on those addresses.

Cheers

Hi tyrion70, I sent email yesterday to p2poolnl@gmail.. regarding to my transfer information, I did not receive confirmation yet.
I would like to verify if my shares is added to your record.
legendary
Activity: 934
Merit: 1000
Interestingly enough, WeExchange is failing to transfer bitcoin out due to 'technical issues'.
Yeah I've heard problems with that as well, that's why I think its wise to process the direct shares asap Smiley

Should we hold onto our Bitfunder shares until the lights go out or should we start doing transfers to you?
Please start transfers now. We don't know 100% sure if everyone used a correct BTC address in bitfunder so the transfer process should ensure we have a double check on those addresses.

Cheers
PeZ
sr. member
Activity: 297
Merit: 250
Buys and sells can be done through us. If you want to trade shares now just send either one of us a PM. Once the whole bitfunder deal is over we'll think of something a little more permanent.
Should we hold onto our Bitfunder shares until the lights go out or should we start doing transfers to you?
PeZ
sr. member
Activity: 297
Merit: 250
Interestingly enough, WeExchange is failing to transfer bitcoin out due to 'technical issues'.
legendary
Activity: 1456
Merit: 1010
Ad maiora!
Transfer complete.
legendary
Activity: 934
Merit: 1000
Why do we want more peoples attention? Also when we are completely off of bitfunder how will buys and sells occur?
By getting more people's attention I mean that we believe we might have a lot of shareholders that either don't know they own shares or aren't aware of the bitfunder closedown. We'll post a news section on bitfunder itself as well.

Buys and sells can be done through us. If you want to trade shares now just send either one of us a PM. Once the whole bitfunder deal is over we'll think of something a little more permanent.
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
Why do we want more peoples attention? Also when we are completely off of bitfunder how will buys and sells occur?
legendary
Activity: 934
Merit: 1000
Hey guys (and gals?),

Just a quick note on exchanges. As you might imagine our first priority is getting everyone out of bitfunder. We've heard and experienced some withdrawal issues thru bitfunder/weexchange so we urge you to transfer the shares asap.

Currently there are still some 160 users with shares on bitfunder. We hope to get this down way below 100 this weekend. We plan to start paying out directly instead of through bitfunder starting this Sunday. Also we hope that by not issuing dividends thru bitfunder anymore we get more people's attention. (this does not mean you lose the dividends of course!! We keep them seperated until the shares have been transfered out).

We have been looking at other exchanges but having seen two exchanges shutdown in a few weeks, and knowing the amount of work we will have relisting it again on a new exchange, we are reluctant to set it all up again on a new exchange. Let things cool down a bit first.

Cheers,
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
yeah stocks are not the btc way or so it seems.     well the diff adjustment came and went.


 we moved from 390.9 mill to  510.9 mill  about  30.7 percent jump.   and btc is roughly 235 usd or 176 eur. 


 Still doing well enough to hold this gear.     for at least 35 days or about 3 diff adjustments.   if they are all 30.7


  667.7 mill
  872.7 mill
1140.6 mill

I have to think it will flatten a bit since some builders may never build any gear. 

 Hashfest may not deliver until  Jan.
sr. member
Activity: 454
Merit: 252
Can we move the shares to **any** exchange?

until an exchange exists that is safe in the US, it's probably better to set up a ADDICTION specific site.

The bitfunder experience showed that even running a non-US exchange is not worth it.

some options:
1) bitcointalk thread for trading, tryion blastbob charge commission on sales for their time spent authorizing and tracking (labrat mining's system)
2) automated trustless system (nastyfan's system)
3) passthroughs: some investor buys a lot of shares, sets up their own exchange as a passthrough, charges commission or fee and sets up their own site.
That's a horrible idea and does not solve the initial problem. A dedicated exchange has the ability to solve legal problems (like Havelook is doing right now) while having an exchange for each stock only shifts the legal problems.
Also if you're holding multiple different shares it becomes highly inconvenient managing them with separate exchanges.

If you like exchanges shutting down every 6 months, go ahead.   Just because something is legal in Panama doesn't mean it is legal in the us - bitfunder all over again... It's more convenient to have separate exchanges than try to track down my BTC from disappearing websites.

EDIT: ADDICTION is different than a stock, we are customers of resold hardware. Unlike all the cloud hashing services where you buy into a perpetually reinvesting system (managed group buy), this is a legitimate group buy. I paid money and bought something. Every week I pay for electricity, rent, and for someone to check up the equipment I bought. Once I own it, I'm free to sell it to whomever I'd like. Completely different jurisdiction than those who raised money to buy, manage, and reinvest hardware that they own and sub-license derivative proceeds through PMBs. There is no shift of legal problems because there are none. The legal problems come about when we mix with securities that are regulated by the SEC. And I know the SEC is US-only, but tell that to bitfunder.
hero member
Activity: 686
Merit: 500
a bit disappointed with the Bitfunder closure, because it helps managing the shares much easily to deal with, for the users' perspective  Embarrassed

so, we're going for a direct shares then?
sr. member
Activity: 493
Merit: 262
Can we move the shares to **any** exchange?

until an exchange exists that is safe in the US, it's probably better to set up a ADDICTION specific site.

The bitfunder experience showed that even running a non-US exchange is not worth it.

some options:
1) bitcointalk thread for trading, tryion blastbob charge commission on sales for their time spent authorizing and tracking (labrat mining's system)
2) automated trustless system (nastyfan's system)
3) passthroughs: some investor buys a lot of shares, sets up their own exchange as a passthrough, charges commission or fee and sets up their own site.
That's a horrible idea and does not solve the initial problem. A dedicated exchange has the ability to solve legal problems (like Havelook is doing right now) while having an exchange for each stock only shifts the legal problems.
Also if you're holding multiple different shares it becomes highly inconvenient managing them with separate exchanges.
sr. member
Activity: 454
Merit: 252
Can we move the shares to **any** exchange?

until an exchange exists that is safe in the US, it's probably better to set up a ADDICTION specific site.

The bitfunder experience showed that even running a non-US exchange is not worth it.

some options:
1) bitcointalk thread for trading, tryion blastbob charge commission on sales for their time spent authorizing and tracking (labrat mining's system)
2) automated trustless system (nastyfan's system)
3) passthroughs: some investor buys a lot of shares, sets up their own exchange as a passthrough, charges commission or fee and sets up their own site.
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
Can we move the shares to **any** exchange?
legendary
Activity: 934
Merit: 1000
Bitfunder is being shut down, ouch.

https://bitcointalksearch.org/topic/m.3482565

Good luck to the crew having to transfer to direct shares.. got a lot of work ahead of ya.
Aw well.. Nothing we can't handle Wink

We'll keep the transfer process intact though. So once again:

To do this transfer your shares to the ADDICTION account on bitfunder and send an email to [email protected] containing:
- Your bitfunder name
- The number of shares transferred
- The BTC address you want to use for payouts. Make sure you use an address you actually own and can sign messages with!

Don't do this on Sundays because of dividend payments Wink

All shares that are not transferred to us by the time BF closes will be transferred into our account automatically. We will use the public bitcoin address of the account at that point, we would appreciate it if you still transfer the shares manually though.

Cheers,
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
Bitfunder is being shut down, ouch.

https://bitcointalksearch.org/topic/m.3482565

Good luck to the crew having to transfer to direct shares.. got a lot of work ahead of ya.

Fucking bureaucrats Sad grrrr

Edit: otoh maybe the price will go up!
full member
Activity: 270
Merit: 220
CQ - I make High Voltage glowy things.
Bitfunder is being shut down, ouch.

https://bitcointalksearch.org/topic/m.3482565

Good luck to the crew having to transfer to direct shares.. got a lot of work ahead of ya.
legendary
Activity: 934
Merit: 1000
Hate to be the Spelling Police but the word you were looking for on the most recent  bitfunder news update was 'paid' not 'payed'. The word 'payed' is actually a nautical term 'the sailor payed out the rope' where as 'paid' is used when referring to matters financial in nature 'dividends have been paid'. I'm sure this is just because your not a native English speaker but thought I should mention it for future reference.
Thanks for that! Actually every time I wrote it, it sounded wrong in my head if you know what I mean, but I couldn't figure out what it was. Won't be making that mistake again! And feel free to correct me, I don't mind at all (since I'm not a native English speaker I'm not worried to much :p)

Cheers,
sr. member
Activity: 473
Merit: 250
Hate to be the Spelling Police but the word you were looking for on the most recent  bitfunder news update was 'paid' not 'payed'. The word 'payed' is actually a nautical term 'the sailor payed out the rope' where as 'paid' is used when referring to matters financial in nature 'dividends have been paid'. I'm sure this is just because your not a native English speaker but thought I should mention it for future reference.
hero member
Activity: 686
Merit: 500
Is anyone else having difficulty logging into BitFunder?  After putting in my correct credentials and 2factor the page just reloads back to the main home screen without showing me logged in.  Wondered if anyone else was seeing that.
that kinda happen occasionally, try it again next thirty minutes
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