[BTCTC][[ASICMINER-PT]] - Public trading of ASICMINER shares - page 11.

burnside

legendary

Activity: 1106

Merit: 1004

Lead Blockchain Developer

Quote from: dan9575 on June 04, 2013, 01:42:40 PM

Quote from: davecoin on June 04, 2013, 11:57:07 AM

Account > Google Authenticator > Scan the QR > type in the time sensitive code

methinks.

ahhh 2 factor authentication, now i understand the abbreviation. thank you. i've already got that, seems like 2.5 btc is a little low for a 24 hour period.

Look at it like a bank might. Do they put their entire cash reserve into the drive-thru ATM? Or do they put a fraction of their cash reserve in the ATM and then allow $200 - $300/day out of it per account?

It's the same concept. We don't want someone to drive up, attach a tow hitch, and drive off with our entire cash reserve. (hack the wallet)

Instead we keep it locked up inside. Where if you go inside and talk to a teller (manual withdrawal) you can take out however much you need, with slight inconvenience.

Trust me, this system isn't there because it's convenient for us. It's a huge PITA to keep on top of it. It's there for you, to protect your coins. In BTC-land there's no FDIC equivalent, and no reasonable place for us to go to get insurance. We have to do absolutely everything we can to protect everyone involved. In fact, (and this is me on my soapbox, no doubt) I would very closely scrutinize any site that does not have similar procedures in place. Ask yourself "what happens when they get hacked?".

Cheers.

dan9575

newbie

Activity: 34

Merit: 0

Quote from: davecoin on June 04, 2013, 11:57:07 AM

Account > Google Authenticator > Scan the QR > type in the time sensitive code

methinks.

ahhh 2 factor authentication, now i understand the abbreviation. thank you. i've already got that, seems like 2.5 btc is a little low for a 24 hour period.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: burnside on June 04, 2013, 01:22:50 PM

Quote from: ThickAsThieves on June 04, 2013, 12:18:58 PM

Quote from: Deprived on June 04, 2013, 12:13:34 PM

Quote from: ThickAsThieves on June 04, 2013, 12:00:36 PM

Burnside, I have a pm out to you regarding LTCGlobal shares and voting rights already, but I do want to ask one particular question publically.

I recall that those shares provided voting rights for new assets, but when I read the current description, no such info is mentioned.

What happened?

There was a change in it to prevent people buying shares, voting on their own assets, then dumping the shares (change made after something along those lines actually happened).

Unless there's been a change since that and I've missed it (unlikely) current rule is that you get to vote once you've held 10 or more shares for at least 7 days. I don't hold 10 or more shares so can't confirm for certain.

That info no longer appears either. Also, it would seem to be pretty impractical in costs to buy enough shares to vote your own asset up...

I don't see any rules about voting anywhere anyway...

Probably not the right thread for this.

It's one of those things I'm happy to answer for shareholders, but not particularly excited about posting publicly. The goal is to give shareholders a say in what shows up on the exchange, not the other way around. (Giving scammers potential info on how to game it.) Wink

Happy to answer any questions via PM or site support requests from shareholders.

Cheers.

Sorry, I keep mistaking this thread for the official BTCTC official one. However, I already did send the pm

burnside

legendary

Activity: 1106

Merit: 1004

Lead Blockchain Developer

Quote from: ThickAsThieves on June 04, 2013, 12:18:58 PM

Quote from: Deprived on June 04, 2013, 12:13:34 PM

Quote from: ThickAsThieves on June 04, 2013, 12:00:36 PM

Burnside, I have a pm out to you regarding LTCGlobal shares and voting rights already, but I do want to ask one particular question publically.

I recall that those shares provided voting rights for new assets, but when I read the current description, no such info is mentioned.

What happened?

There was a change in it to prevent people buying shares, voting on their own assets, then dumping the shares (change made after something along those lines actually happened).

Unless there's been a change since that and I've missed it (unlikely) current rule is that you get to vote once you've held 10 or more shares for at least 7 days. I don't hold 10 or more shares so can't confirm for certain.

That info no longer appears either. Also, it would seem to be pretty impractical in costs to buy enough shares to vote your own asset up...

I don't see any rules about voting anywhere anyway...

Probably not the right thread for this.

It's one of those things I'm happy to answer for shareholders, but not particularly excited about posting publicly. The goal is to give shareholders a say in what shows up on the exchange, not the other way around. (Giving scammers potential info on how to game it.) Wink

Happy to answer any questions via PM or site support requests from shareholders.

Cheers.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: Deprived on June 04, 2013, 12:13:34 PM

Quote from: ThickAsThieves on June 04, 2013, 12:00:36 PM

Burnside, I have a pm out to you regarding LTCGlobal shares and voting rights already, but I do want to ask one particular question publically.

I recall that those shares provided voting rights for new assets, but when I read the current description, no such info is mentioned.

What happened?

There was a change in it to prevent people buying shares, voting on their own assets, then dumping the shares (change made after something along those lines actually happened).

Unless there's been a change since that and I've missed it (unlikely) current rule is that you get to vote once you've held 10 or more shares for at least 7 days. I don't hold 10 or more shares so can't confirm for certain.

That info no longer appears either. Also, it would seem to be pretty impractical in costs to buy enough shares to vote your own asset up...

I don't see any rules about voting anywhere anyway...

Deprived

hero member

Activity: 532

Merit: 500

Quote from: ThickAsThieves on June 04, 2013, 12:00:36 PM

Burnside, I have a pm out to you regarding LTCGlobal shares and voting rights already, but I do want to ask one particular question publically.

I recall that those shares provided voting rights for new assets, but when I read the current description, no such info is mentioned.

What happened?

There was a change in it to prevent people buying shares, voting on their own assets, then dumping the shares (change made after something along those lines actually happened).

Unless there's been a change since that and I've missed it (unlikely) current rule is that you get to vote once you've held 10 or more shares for at least 7 days. I don't hold 10 or more shares so can't confirm for certain.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Burnside, I have a pm out to you regarding LTCGlobal shares and voting rights already, but I do want to ask one particular question publically.

I recall that those shares provided voting rights for new assets, but when I read the current description, no such info is mentioned.

What happened?

davecoin

hero member

Activity: 816

Merit: 1000

Account > Google Authenticator > Scan the QR > type in the time sensitive code

methinks.

dan9575

newbie

Activity: 34

Merit: 0

How do you do this "Enable 2FA to double your daily withdrawal limit!" in your account settings for btct.co, can't find it anywhere.

burnside

legendary

Activity: 1106

Merit: 1004

Lead Blockchain Developer

Hi all, yup, there was a double payment on TAT.ASICMINER. It was a confusion with the dividend scheduling interface not displaying while it was actually in the process of issuing dividends. I've tweaked the system to now display the status of "PROCESSING" when divs are in the middle of being processed.

Quick ASICMINER-PT update, I have processed all of the Friedcat approved transfers, and manually transferred the dividends for the ones that were transferred prior to the dividend yesterday.

Cheers.

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

Quote from: twmz on May 30, 2013, 05:02:34 PM

Quote from: michaelGedi on May 30, 2013, 05:00:06 PM

what was decided on the double payment issue if anything yet?

There was no double payment issue with ASICMINER-PT. It was with a different security (TAT.ASICMINER), and the resolution has already been discussed in their thread.

sorry, I searched my way to the wrong thread... thanks

twmz

hero member

Activity: 737

Merit: 500

Quote from: michaelGedi on May 30, 2013, 05:00:06 PM

what was decided on the double payment issue if anything yet?

There was no double payment issue with ASICMINER-PT. It was with a different security (TAT.ASICMINER), and the resolution has already been discussed in their thread.

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

what was decided on the double payment issue if anything yet?

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: daemondazz on May 30, 2013, 09:24:05 AM

Quote from: ThickAsThieves on May 30, 2013, 06:37:37 AM

1. I didn't accidentally click twice, it was an honest limitation of the software that led to the error. It has been resolved and should never happen again.

I didn't say accidentally or that it was your fault. Based on the timing and other posts, it appears to me that the btct.co website said that the first dividend payment was cancelled, so 7 minutes later you did it again and then the first one did actually go through and wasn't cancelled?

I'm assuming that the limitation you refer to that has been resolved is this incorrect processing of a payment when it reports cancelled?

Anyway, have you and burnside worked out how to get back the funds from the erroneous dividend payment?

Yes and yes

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: daemondazz on May 30, 2013, 09:24:05 AM

it appears to me that the btct.co website said that the first dividend payment was cancelled, so 7 minutes later you did it again and then the first one did actually go through and wasn't cancelled?

exactly: he cancelled the payment, the site said it was cancelled, but actually it wasn't.
burnside explained it somewhere, I don't remember where, but you can search for his latest post I guess Wink

daemondazz

sr. member

Activity: 448

Merit: 250

Quote from: ThickAsThieves on May 30, 2013, 06:37:37 AM

1. I didn't accidentally click twice, it was an honest limitation of the software that led to the error. It has been resolved and should never happen again.

I didn't say accidentally or that it was your fault. Based on the timing and other posts, it appears to me that the btct.co website said that the first dividend payment was cancelled, so 7 minutes later you did it again and then the first one did actually go through and wasn't cancelled?

I'm assuming that the limitation you refer to that has been resolved is this incorrect processing of a payment when it reports cancelled?

Anyway, have you and burnside worked out how to get back the funds from the erroneous dividend payment?

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: daemondazz on May 30, 2013, 02:46:13 AM

It would appear the "glitch" in double dividends on TATs pass-throughs was he clicked "pay" twice. The website may have said CANCELLED and then paid it anyway, but he clicked twice.

In light of that, is there any reason to withhold dividends for the full pass-throughs?

To clear things up:

1. I didn't accidentally click twice, it was an honest limitation of the software that led to the error. It has been resolved and should never happen again.
2. No one withheld any dividends because of this, ASICMINER-PT is entirely independent of TAT.ASICMINER, There is always some delay in getting your dividends for ASICMINER-PT (usually less than 24 hours).

mem

hero member

Activity: 644

Merit: 501