[BTC-TC] Virtual Community Exchange [CLOSED] - page 42.

xchrisxsays

member

Activity: 98

Merit: 10

Quote from: burnside on September 17, 2013, 05:03:18 AM

Quote from: EskimoBob on September 17, 2013, 03:47:26 AM

Any chance exchanges starting to demand regular financial reporting from issuers? Seriously, this will help everyone. (I have asked this several times in last year or so)
I think that "They will choose another exchange" excuse has become irrelevant. Why? Because BTCT has the highest volume and best interface, with all the bells and whistles issuer or investor can ask for.

I think it'd be awesome to do an SEC style requirement that assets upload financials to the site at regular intervals. (quarterly?)

It's quite a bit of work unfortunately to make sure that uploaded files don't become vectors for virus infections or other attacks.

Absolutely do this, it would bring some much needed transparency

bigdude

hero member

Activity: 896

Merit: 500

Dolphins Finance TRUSTED FINANCE

Quote from: burnside on September 17, 2013, 04:59:52 AM

Quote from: Progressive on September 17, 2013, 04:39:14 AM

Thanks for the new public share address feature!

No problem! And sorry about making it mandatory, but I think it's pretty important.

Cheers.

I'm having a problem with this. I've set 2 different addresses, but it still says I have to set it up.

So I still can't trade.

What am I doing wrong?.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: vandinn on September 17, 2013, 06:55:20 AM

Quote from: vandinn on September 17, 2013, 04:19:33 AM

Why is there no way to set a withdrawal fee for the Bitcoin client? The transactions with zero transaction fee take forever:((

One more thing - I don't think this was possible previously, but now I can put more bids than how much BTC I have on my account as long as the bids are in for different securities.

I think this was the case before as well. If bids are filled, then some others may be cancelled if you no longer have the funds to pay for them.

vandinn

member

Activity: 79

Merit: 10

Quote from: vandinn on September 17, 2013, 04:19:33 AM

Why is there no way to set a withdrawal fee for the Bitcoin client? The transactions with zero transaction fee take forever:((

One more thing - I don't think this was possible previously, but now I can put more bids than how much BTC I have on my account as long as the bids are in for different securities.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: burnside on September 17, 2013, 05:03:18 AM

Quote from: EskimoBob on September 17, 2013, 03:47:26 AM

Any chance exchanges starting to demand regular financial reporting from issuers? Seriously, this will help everyone. (I have asked this several times in last year or so)
I think that "They will choose another exchange" excuse has become irrelevant. Why? Because BTCT has the highest volume and best interface, with all the bells and whistles issuer or investor can ask for.

I think it'd be awesome to do an SEC style requirement that assets upload financials to the site at regular intervals. (quarterly?)

It's quite a bit of work unfortunately to make sure that uploaded files don't become vectors for virus infections or other attacks.

You should implement this immediately.. it's not just a good idea, it's what you need to do..now..

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: EskimoBob on September 17, 2013, 03:47:26 AM

Any chance exchanges starting to demand regular financial reporting from issuers? Seriously, this will help everyone. (I have asked this several times in last year or so)
I think that "They will choose another exchange" excuse has become irrelevant. Why? Because BTCT has the highest volume and best interface, with all the bells and whistles issuer or investor can ask for.

I think it'd be awesome to do an SEC style requirement that assets upload financials to the site at regular intervals. (quarterly?)

It's quite a bit of work unfortunately to make sure that uploaded files don't become vectors for virus infections or other attacks.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: Progressive on September 17, 2013, 04:39:14 AM

Thanks for the new public share address feature!

No problem! And sorry about making it mandatory, but I think it's pretty important.

Cheers.

Progressive

full member

Activity: 181

Merit: 100

Thanks for the new public share address feature!

vandinn

member

Activity: 79

Merit: 10

Why is there no way to set a withdrawal fee for the Bitcoin client? The transactions with zero transaction fee take forever:((

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: burnside on September 14, 2013, 04:29:28 AM

.....

Quote from: Deprived on September 13, 2013, 09:23:56 AM

Quote from: burnside on September 13, 2013, 12:24:06 AM

Please let me know if/when other issuers violate their contracts. I'll post similar warnings so new buyers don't get sucked in.

Well there's LHPOOL - operated by emma (same as MOO.COW). Stopped paying dividends ages ago then claimed the wallet had been stolen.

LTC-ARCADE - operated by greedi who vanished in January. That one should be locked as there's not even been any pretence of action on it for over 6 months.

LTC-GAMING - should have a warning on it. He still pays out occasional tiny dividends but appears to given up any pretence that he's actually doing anything. There's just occasional pump/dumps on it.

LHPOOL: Posted a warning. Will halt trading around the 20th if we don't hear from Emma

LTC-ARCADE: Locked.

LTC-GAMING: Hard to argue that there are any outright contract violations. I am confused as to where the miniscule divs are coming from though. Contract says they should be coming from the site's revenue...

Cheers.

Any chance exchanges starting to demand regular financial reporting from issuers? Seriously, this will help everyone. (I have asked this several times in last year or so)
I think that "They will choose another exchange" excuse has become irrelevant. Why? Because BTCT has the highest volume and best interface, with all the bells and whistles issuer or investor can ask for.

Deprived

hero member

Activity: 532

Merit: 500

Quote from: burnside on September 15, 2013, 02:54:23 PM

Unless anyone can think of a very good reason I shouldn't, I'm going to start (soon) including bitcoin withdrawal addresses in the regular asset issuer lists that are emailed out to asset issuers.

Big argument in favor:

- Easier for issuers to continue operations if the site goes dark. (imagine the work involved in say, DMS.MINING if the site goes dark and Deprived has to email all those users.)

Argument against:

- Gives up some confidentiality. Everyone holding ASICMINER direct shares is in this position already, so I don't think anyone will care much.

After the change I'll also put a reminder on the portfolio page to ask people to set their withdrawal address, such that the lists the issuers get are more complete.

Cheers.

We need some way to set the address that's reported. Very few of my withdrawals are to addresses I control (they're usually straight to my deposit address for other exchanges/services). In fact NONE of the addresses to which my issuing accounts withdraw are an actual wallet controlled by me - so any address you report at present isn't going to help much.

Beyond that I have no issues with it - though I'd have to email all users anyway as can be certain some would have still given addresses they don't control. If the reported address can be setup by users then they don't have to give away any useful information (I'd use a new one that had never been used before).

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: pascal257 on September 15, 2013, 03:57:32 PM

Instead of using the withdrawal adress, you could ask the user to set a public bitcoin adress which is then shared with share issuers. (Kinda like BitFunder)

This. It has to be a different one.

I really like this step, because it enables the oppertunity to identify or authorize user outside of BTCT. For example: I set up a service connected to BTCT, but how do I know if a user who wants to use my service is actually the one on BTCT? I can't right now. But if I ask him to sign a specific message with his BTCT address and I know this address, the problem is solved immediately.

Edit: Thanks!

Edit 2: Do we get rid of usernames now? How are transfers handled? It would be absoluteley awesome, if you could change the internal transfer system in a way that allows transfers from address -> address. Both on LTCG and BTCT. Wink

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: burnside on September 15, 2013, 02:54:23 PM

Unless anyone can think of a very good reason I shouldn't, I'm going to start (soon) including bitcoin withdrawal addresses in the regular asset issuer lists that are emailed out to asset issuers.

Big argument in favor:

- Easier for issuers to continue operations if the site goes dark. (imagine the work involved in say, DMS.MINING if the site goes dark and Deprived has to email all those users.)

Argument against:

- Gives up some confidentiality. Everyone holding ASICMINER direct shares is in this position already, so I don't think anyone will care much.

After the change I'll also put a reminder on the portfolio page to ask people to set their withdrawal address, such that the lists the issuers get are more complete.

Cheers.

I'm all for this. Thank you.

pascal257

sr. member

Activity: 493

Merit: 262

Quote from: burnside on September 15, 2013, 02:54:23 PM

Unless anyone can think of a very good reason I shouldn't, I'm going to start (soon) including bitcoin withdrawal addresses in the regular asset issuer lists that are emailed out to asset issuers.

Big argument in favor:

- Easier for issuers to continue operations if the site goes dark. (imagine the work involved in say, DMS.MINING if the site goes dark and Deprived has to email all those users.)

Argument against:

- Gives up some confidentiality. Everyone holding ASICMINER direct shares is in this position already, so I don't think anyone will care much.

After the change I'll also put a reminder on the portfolio page to ask people to set their withdrawal address, such that the lists the issuers get are more complete.

Cheers.

Instead of using the withdrawal adress, you could ask the user to set a public bitcoin adress which is then shared with share issuers. (Kinda like BitFunder)
That way there can't even be raised confidentiality concerns.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Unless anyone can think of a very good reason I shouldn't, I'm going to start (soon) including bitcoin withdrawal addresses in the regular asset issuer lists that are emailed out to asset issuers.

Big argument in favor:

- Easier for issuers to continue operations if the site goes dark. (imagine the work involved in say, DMS.MINING if the site goes dark and Deprived has to email all those users.)

Argument against:

- Gives up some confidentiality. Everyone holding ASICMINER direct shares is in this position already, so I don't think anyone will care much.

After the change I'll also put a reminder on the portfolio page to ask people to set their withdrawal address, such that the lists the issuers get are more complete.

Cheers.

eltopo

full member

Activity: 230

Merit: 100

If some BTC-TC mods are around: Please have a look at my ET.DIFF assets, only 2 more YES votes needed!

Thanks!

Deprived

hero member

Activity: 532

Merit: 500

Quote from: pascal257 on September 14, 2013, 08:18:01 AM

Quote from: Deprived link=topic=125629.msg3144904#msg3144904

LTC-GAMING: Hard to argue that there are any outright contract violations. I am confused as to where the miniscule divs are coming from though. Contract says they should be coming from the site's revenue...

I guess that's part of his profit from share price manipulation.

His dividends have always been from returning part of capital.

The most obvious contract violation was the transfer of most shares to himself for free. Contract states they'd be sold at 1 LTC each but only a small portion were - the rest were just transferred to himself and others who were supposedly developing games.

The less obvious contract violation is that there's no evidence that he's actually doing what the funds were raised to do.

pascal257

sr. member

Activity: 493

Merit: 262

Quote from: Deprived link=topic=125629.msg3144904#msg3144904

LTC-GAMING: Hard to argue that there are any outright contract violations. I am confused as to where the miniscule divs are coming from though. Contract says they should be coming from the site's revenue...

I guess that's part of his profit from share price manipulation.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: dxxw on September 13, 2013, 05:03:30 AM

Quote from: dxxw on September 13, 2013, 04:50:09 AM

"Access temporarily denied."
I got this when I login today.

Has anything like that ever happened to you guys?
What should I do now?

Is burnside here?

I've answered this 20x before. Wink

That happens either when someone has been trying to hack your account or you've pissed off our DDoS filter. Both situations are temporary and reset eventually, the former takes much longer than the latter.

Quote from: Deprived on September 13, 2013, 09:23:56 AM

Quote from: burnside on September 13, 2013, 12:24:06 AM

Please let me know if/when other issuers violate their contracts. I'll post similar warnings so new buyers don't get sucked in.

Well there's LHPOOL - operated by emma (same as MOO.COW). Stopped paying dividends ages ago then claimed the wallet had been stolen.

LTC-ARCADE - operated by greedi who vanished in January. That one should be locked as there's not even been any pretence of action on it for over 6 months.

LTC-GAMING - should have a warning on it. He still pays out occasional tiny dividends but appears to given up any pretence that he's actually doing anything. There's just occasional pump/dumps on it.

LHPOOL: Posted a warning. Will halt trading around the 20th if we don't hear from Emma

LTC-ARCADE: Locked.

LTC-GAMING: Hard to argue that there are any outright contract violations. I am confused as to where the miniscule divs are coming from though. Contract says they should be coming from the site's revenue...

Cheers.

pascal257

sr. member

Activity: 493

Merit: 262

Quote from: odolvlobo on September 13, 2013, 06:50:13 PM

Quote from: Vysogota on September 13, 2013, 04:19:43 PM

I have a newbie question about how btc-tc works. I wonder if there is a special form to purchase shares during IPO phase or I just have to place buy order as usual.

I am confused, because there are buy orders for TAT.NEOBEE already, while its IPO is set to start next Friday. What does this mean? Can I place my buy order at IPO price right now? Will it be binding?

Thanks in advance

There is no real IPO process. An IPO is just the issuer putting all the shares on the market. There are many failed IPOs because the issuer really has no idea how much interest there is until the shares are put on the market.

There's something called Book building. Not that I don't agree with you that some IPOs failed, but even with legit operations you sometimes need book building.

Topic: [BTC-TC] Virtual Community Exchange [CLOSED] - page 42. (Read 316632 times)