Topic: [BitFunder] Asset Exchange Marketplace + Rewritable Options Trading - page 21. (Read 129419 times)

Country of origin doesnt matter, what matters is the markets where these securities are offered:
http://www.sec.gov/rules/interp/33-7516.htm

This Bitfunder thing is a total mess.
Ukyo the Bitfunder & Weexchange sites was supposedly getting registered in "respectable" non us country i think you mentioned before, what on earth does us laws(that looks to be the problem here) have to do with Bitfunder and there users.
If the site's .com domain is a problem by all mean change that, but if the Bitfunder and Weexchange both is registered in other country's and the site's owner(s) is not American citizens(Japan and Australia i presume) whats the problem. No gag order that prevents you from communicating whats behind the drastic change at least....

Why will American's be locked out of the site and why does international users on Bitfunder have to get verified (at Weexchange !!??) at a level where it's hard or impossible (at least in that short timespan) to achieve for a large number of the worlds population or do you expect all international(and US) users that miss at least one of driver license/passport/creditcard to get that in the coming 22 days, will Bitfunder pay for those users expenses getting those then...


And what has verification level at Weexchange anything to do with international users(or even usa based users current trading) future trades or not on Bitfunders site ?
If people wanted to trade btc for usd/cad/aud at Weexchange i can somewhat understand that they might need to get some verification level for that, but Weexchage and Bitfunder was supposedly set up like this to prevent any problems for people trading shares at bitfunder.

If this change will force anyone to sell at loss, are Bitfunder going to cover there losses then as this is not the conditions people signed up for as a user of Bitfunder...

Also the Weexchange site dosent send out verification emails, at least thats an issue for some and i saw someone mention they had the same problem with Bitfunder to, fix that !

2FA really should be possible to remove and just have that as default for people that will need to transfer shares to another family member for example and they don't have modern phones that can handle it. if other options than using mobile phones exists and works on Bitfunder you need to make a good explanation on exactly how people should do to make that thing work unless the requirements will be lifted for transfers.


What will happen to the us citizens that can't get verified on Weexchange and those that refuse to sell at underprices caused by this mess, are Bitfunder going to steal there assets(stocks/shares..) ?

What will happen to international users that don't see what has happened before the 1 Nov and can't get verified on Weexchange or refuse to sell shares at underprices caused by this mess, will bitfunder steal there assets(stocks/shares...) to ?

I saw it was mentioned they could still transfer out funds(btc's) after the 1 Nov but what about shares they may never will be able to sell, are people allowed to redeem shares back to the asset issuer after the respective deadline 8 Oct/1 Nov ?

Will redeems of shares work for those that can't be verified after there respective deadline (8 Oct/1 Nov) ?

What about shares that people have left after the deadline, will the asset issuer be able to call back those at a further date and pay the shareholders that can't get verified ?

Will the us/international shareholders still be able to receive dividend after there respective deadline if they can't get verified ?

How on earth did you think this is going to work out for shares that don't have any buyback options in the contract, will Bitfunder buy those people's shares(that has got, will get or may get there shares in a position where they can't sell them) out at fair prices if people want out of them or are Bitfunder just going to confiscate them ?

As it looks now the whole thing looks like a gigantic attempt to steal btc's from users on Bitfunder if things not get fixed, explained and improved soon in a way so that all people have a reasonable way to continue trading as it was before on Bitfunder or at least so there able to access and sell off all there current holdings if they so like.
I presume there will be 100's if not 1000's of lawsuits(..or one big joint lawsuit for all that was effected) from people if this will be the final version of how things is going to work on Bitfunder..
 

NEOBEE Bitfunder Migration Grace Period

In light of Bitfunder's recent announcements, we are enabling each Bitfunder shareholder ONE free migration to Havelock.

The following limitations apply:
1. You must initiate this migration request before November 1, 2013.
2. Due to a massive amount of requests, your migration might take anywhere from 1-14 days to process.
3. Beginning Nov. 1st, all transfers will go back to having the 1btc service fee.
4. We can make no guarantees that Bitfunder or Havelock will not impose additional limitations on trading in the future.

 How to Transfer Shares:
 1. Make the subject of your email: NEOBEE
 2. Push the amount of shares to the issuer account on Bitfunder: NeoBee
 3. Send an e-mail to [email protected] from your account email address registered with Havelock, and also note the address and quantity of shares within the email conent.
 4. Do NOT send your request more than once, and do NOT include other requests, questions or comments.

Transfers will be transfered in batches, and confirmations will ONLY be sent after each batch. Do NOT send emails requesting updates.

NOTE: TAT Investments is not responsible for any lost value, arbitrage, or trading opportunities due to delays in processing transfer requests. TAT Investments is not responsible for any limitations or discontinuations of services or access to liquidity imposed by the host exchanges.

I don't have a driver license :/ How can I get verified on weexchange if I need at least 100 points?  

Tell to the relax to whom got a 50% loss on his portfolio yesterday. Ja!

relax.. he told us on irc today that he needs to get the wording right before he posts an update, the legal part of it needs to be perfect and he is working on it.

Have a smart phone? Use the Google Authenticator app: https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en or https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8

I have to enable two factor authentication to transfer shares. Can someone explain how to set it up.
What do you do to get the code to enter into the box to enable it. Im feeling kinds dumb here.

Maybe it's OK as long as he only issues the loan to non-US customers?

I would write that guy off at this point... trust rating through the floor.

I need to know how to edit the name I registered for the account at WE. Any update on this or can I just set up a new account?

Edit: Ukyo not active for a week now, WTF?

would his own asset be listed on the exchange?  technically, the ukyo.bond would not meet the listing requirement.

Yes, we should get enough points to verify just with an ID and the utility bill.

Probably just a few will verify.

I don't think Ukto wants to move away from the us along with his family.

Just out of curiosity, why not just move bitfunder to a friendlier country like China?

Yes, I've done many identity's checks and documents required were always Citizens Card and an utility bill.

I know many people who doesn't have credit cards, passport or driver's license, this are awful requirements for nationality proof.


I wont!

Plus: http://torrentfreak.com/file-sharing-for-personal-use-declared-legal-in-portugal-120927/

This is how much we care about US laws, well at least for now...

Burnside made a similar announcement after the Pirateat40/SEC fiasco. 
There was shouting, a handful of prominent experts in international trade law weighed in with their august opinions, and burnside made a halfhearted retraction along the lines of "Lolz ugize, i wasn't serious!"

TL;DR: For those willing to read between the lines, yes.

Especially that you can't change provided info. When I was registering I just type random characters to the fields (besides email) and now my name is jnba'ldkdbnsd. How I find a document now
Besides I don't have driving licence and passport.... Don't have car and haven't been abroad...

Now it's almost dead. Majority of people will not bother to submit identity documents. So, it's safe to assume it will be closed after 1 November.

+10
Almost all Bitcoin exchanges have gone legit, and that has greatly benefited bitcoin. I hope someone will do the same for the bitcoin security market. It may be a tall order, but if someone pulls it off, at least we could begin attracting more serious investments rather than being limited to illegally betting some playmoney in casino exchanges on mostly scam assets.