[BitFunder] Asset Exchange Marketplace + Rewritable Options Trading - page 22.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: viboracecata on October 09, 2013, 06:03:20 AM

Is this the preface of the final closure of Bitfunder?

Well its a stab in the dark to see if they can continue running. I am sure if they plan at this stage to close everything down they would have done that now instead of this no Americans mess.

If this puts them in clear legal water then it worked. Personally I think taking advantage of the new crowdfunding laws is the way to go, and even if those laws were not being enacted then somehow becoming legal is a much better course of action. Getting entrenched now as the legal bitcoin stock exchange will be well worth it. For example NASDAQ is worth several billion dollars (Thats over 50,000,000 bitcoin)

viboracecata

legendary

Activity: 1316

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Varanida : Fair & Transparent Digital Ecosystem

Is this the preface of the final closure of Bitfunder?

tinus42

hero member

Activity: 784

Merit: 501

Quote from: pedrog on October 08, 2013, 05:55:41 PM

I don't care:

http://www.dailymail.co.uk/news/article-2077808/Black-Panther-murderer-George-Wright-remain-free-Portugal-rejects-extradition-request.html

Well don't travel to other EU countries, eg. the Netherlands. Which is very quick extraditing people to the US, even their own citizens, under mere suspicion of a crime. Roll Eyes

aquarius

sr. member

Activity: 275

Merit: 250

Quote from: drawingthesun on October 09, 2013, 03:58:26 AM

Quote from: stereotype on October 09, 2013, 03:55:45 AM

Exchanging directly held virtual shares between each other, is illegal now?

I am on your side, but it sounds like they want to make everything illegal.

Too many ~~busybodies~~ control freaks in Government.

ftfy

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: stereotype on October 09, 2013, 03:55:45 AM

Exchanging directly held virtual shares between each other, is illegal now?

I am on your side, but it sounds like they want to make everything illegal.

Too many busybodies in Government.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: drawingthesun on October 09, 2013, 03:28:21 AM

Quote from: stereotype on October 09, 2013, 03:26:27 AM

Quote from: drawingthesun on October 09, 2013, 03:23:49 AM

Quote from: Dexter770221 on October 09, 2013, 03:16:59 AM

Relax poeple. I can bet that there will be many proxy services for US citizens. It's just a matter of time.

Bitfunder through weexchange will be demanding citizenship papers and such. Proxies will not suffice.

Theres more than one type of proxy service, no?

Do you mean verified people acting on behalf of American shareholders?

The only issue I see being Bitfunder discovering this and claiming all the shares. I am sure the new terms of service will prohibit the proxy of shares with penalty of confiscation.

Thats what came to mind, yes.

As much as i welcome due diligence from Bitfunder, or any other type of trading exchange, what private agreements exist between two third parties cannot be reasonably pursued by an exchange, or the all pervading SEC, my authoritative body, or anybody.

Exchanging directly held virtual shares between each other, is illegal now?

gambitv

full member

Activity: 196

Merit: 100

Just a question for TAT.* investments. Is he american? Will he have to disband his assets?

aquarius

sr. member

Activity: 275

Merit: 250

for non-US citizens, will we be able to transfer shares to other accounts on Bitfunder without being 'vierified' on WeExchange before Nov 1?

Sou

full member

Activity: 210

Merit: 100

(Bitcoin related text here)

Quote from: drawingthesun on October 09, 2013, 03:28:21 AM

Quote from: stereotype on October 09, 2013, 03:26:27 AM

Quote from: drawingthesun on October 09, 2013, 03:23:49 AM

Quote from: Dexter770221 on October 09, 2013, 03:16:59 AM

Relax poeple. I can bet that there will be many proxy services for US citizens. It's just a matter of time.

Bitfunder through weexchange will be demanding citizenship papers and such. Proxies will not suffice.

Theres more than one type of proxy service, no?

Do you mean verified people acting on behalf of American shareholders?

The only issue I see being Bitfunder discovering this and claiming all the shares. I am sure the new terms of service will prohibit the proxy of shares with penalty of confiscation.

Yeah, this might be more trouble than it's worth. I'm confident Ken will come up with a solution, be may have to go to private/direct shares as a short term fix.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: stereotype on October 09, 2013, 03:26:27 AM

Quote from: drawingthesun on October 09, 2013, 03:23:49 AM

Quote from: Dexter770221 on October 09, 2013, 03:16:59 AM

Relax poeple. I can bet that there will be many proxy services for US citizens. It's just a matter of time.

Bitfunder through weexchange will be demanding citizenship papers and such. Proxies will not suffice.

Theres more than one type of proxy service, no?

Do you mean verified people acting on behalf of American shareholders?

The only issue I see being Bitfunder discovering this and claiming all the shares. I am sure the new terms of service will prohibit the proxy of shares with penalty of confiscation.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: drawingthesun on October 09, 2013, 03:23:49 AM

Quote from: Dexter770221 on October 09, 2013, 03:16:59 AM

Relax poeple. I can bet that there will be many proxy services for US citizens. It's just a matter of time.

Bitfunder through weexchange will be demanding citizenship papers and such. Proxies will not suffice.

Theres more than one type of proxy service, no?

drawingthesun

legendary

Activity: 1176

Merit: 1015

So with the new crowdfunding laws coming into effect, will Bitfunder resume US operations?

If not I am certain a competitor will rise and take this space.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Dexter770221 on October 09, 2013, 03:16:59 AM

Relax poeple. I can bet that there will be many proxy services for US citizens. It's just a matter of time.

Bitfunder through weexchange will be demanding citizenship papers and such. Proxies will not suffice.

Dexter770221

legendary

Activity: 1029

Merit: 1000

Relax poeple. I can bet that there will be many proxy services for US citizens. It's just a matter of time.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: ?? on ??

Quote from: ronaldlee0917 on October 09, 2013, 01:52:40 AM

And I find that there is no option to upload my identity card, that is, I believe the most important identification in most country, should be worth 50 points.

My guess is that it is an Americanism, as they do not have identity cards, but driver licenses has been providing that somewhat.

Thats irony right? How their identity requirements are very much influenced by the American way yet the entire point is to not allow American people.

jinyoubei

member

Activity: 83

Merit: 10

WTF... Drive license？50 points？ Why don't you just say a person without a drive license can get the F out?

ronaldlee0917

full member

Activity: 238

Merit: 100

Can you please lower the points required to gain "verified" status on WeExchange?
Not that I don't wish to comply, but I have lost some documents required like my birth certificate, I also don't have a driver license, I don't own a car.
And I find that there is no option to upload my identity card, that is, I believe the most important identification in most country, should be worth 50 points.
The best I could get is 90 points(passport+credit card+utility bill), sadly, I may have to say bye to Bitfunder forever.

usagi

vip

Activity: 812

Merit: 1000

13

Quote from: Puppet on October 08, 2013, 05:27:13 PM

Quote from: pedrog on October 08, 2013, 05:22:33 PM

I'm aware of that, again, bitcoin will make the process of proving that impossible, using an anonymous way of communication and a mixer.

The burden of proof lies with the exchange, not the SEC. The exchange (or asset issuer) would have to prove they take measures against selling to US customers, directly or through a proxy. What you are suggesting would make it impossible for them to prove that. That may or may not get the exchange of the hook, it sure as hell wont get you off the hook. But perhaps you have a better legal team than bitfunder and dont mind taking on the SEC ?

Wow, puppet giving lessons on burden of proof. Nice.

TurdHurdur

full member

Activity: 216

Merit: 100

Getting error 520 and 502s, you guys go sell faster seeing I can't!

MilkyLep

hero member

Activity: 583

Merit: 500

Bitcoin for all & all for Bitcoin

This won't be good.

Quote

[23:36] so the important question. were fees payed for "non executed orders"?
[23:36] yes
[23:36] Yes

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