Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 202. (Read 452224 times)

Yes, I understand your reasoning because of the manual work, and it's fair, I agree. If it is temporary in nature I don't have much of a problem with it. Even not with the amounts specified.

In my personal case, it just means I'll hold off buying small bonds until the automated system is present, or until I can buy lots (unlikely to happen first :p)

What about this list?
I would like to have some kind of confirmation that my mail was correct. 

Trivial , petty things matter more than LRm closing down on bitfunder & lack of good dividends to the smart ones lol

I've been critical of fees in the past, but I don't have problems with fees that are (1) temporary and (2) voluntary while things are being sorted out. This temporarily fee puts a clamp on liquidity, but not nearly as much as being forced to close the security on bitfunder did. As long as a system is in place to reduce that restriction on liquidity, then this is a nice band-aid. Since the situation is better with the band-aid than without (i.e., no trading at all), I think it's fine for the time being.

I will also be setting up a coinbase with a payment system to buy bonds straight from me which may be better for small quantities.

Dave stated he has a lot more room to work with pricing now that other companies are entering the market.  Tytus controls the pricing, Dave is along for the ride so to speak.

There is no longer any valid trading on BitFunder.  LRM has left the building.  Any transfers made there now will not be considered valid.

@Lab_Rat and I (and possibly a couple of other trusted users that I have heard nothing about) will (probably) shortly be able to approve trades.  That manual process is being worked on.  Slightly longer term is an automated system on labratmining.com.

To be clear:  Since Lab_Rat froze the asset on BitFunder yesterday, there are no valid trades unless you have a signed message from Lab_Rat saying it happened.


grnbrg.

It's not final, @Lab_Rat is looking into automated solutions.  (And the nastyfans website looks kind of cool....)

* grnbrg takes off any sort of "official" LRM hat.  My thoughts here.....

As far as the 0.025BTC fee....  I'll be honest and say that I suggested that.  Until there is an automated system that only needs to be reviewed occasionally, trades are going to have to be handled manually.  Between co-ordinating the emails, verifying signatures, re-requesting invalid signatures, hand-holding the users who don't really understand signatures, making and double-checking the changes to the master list, I figure that each transaction is going to take me 5-10 minutes, probably more.  If there is a transaction for 2 bonds at 0.08BTC each, the 0.5% fee would be 0.0008BTC, or roughly 15 cents.  To be perfectly honest, I don't want to bother with small transactions.  (I know there are people who want small transactions, and I understand their frustration.  But my time is worth more than $2 an hour.) Setting a minimum fee makes it worth my while to process trades.  $5 didn't seem like an unreasonable number.

But, as above.  The process isn't final.  Should the fee be smaller?  How small?  $2 per transaction?  Maybe a flat fee for a transaction of any number of bonds?  Again - until an automated system is set up, this will be manual....

I'm trying to foster some discussion here, and hopefully get away from the surprise changes... 



grnbrg.

ROFL

Guys....it's only 2 threads....2 website to check (3 with LabRat homepage) , is this so horrible? soooo hard ? Checking 2 website ?

Has Lab_rat approved of this trade outside bitfunder ?? who will take the responsibility of updating asset list of LRM ??

And 0.085 is not cheap , but that's just me I guess.

130 @ 0.085 BTC each, which is near the last price at BF.

Also interested, depending on price. PM with what you had in mind and perhaps we can work from there...

I demand my LRM information to be written out in the sky, in big letters, by at least 2-3 planes, while raining down confetti.

Anything less is unacceptable!

+100!

Generally interessted. Depends what cheap means for you... PM me your price or post here. Maybe someone else might pay more then I am willing to pay.

Edit:Guys the fees are for the manual update of the list. I don't think anyone is getting rich on those. I agree that an exchange through a platform would be great but we are just not there yet.

Min fee of .025 after all this bs that was out of the shareholders control.. sigh. It makes it really tough to buy a few shares at a time when your not bringing in tons of BTC.

Umm, 0.5% fee is OK. But 0.025BTC min fee seems quite much.

Besides that, hope there's a solution working soon.

see nastyfans.org
https://www.nastyfans.org/about (read the section on selling and buying)
It does what grnbrg is suggesting with no fees (besides bitcoin transaction fees).

1) I post I want to sell shares and my BTC address
2) someone clicks they want to buy my shares. My shares are put on hold and the buyer is given my BTC address
3) The buyer has 7 blocks to send money or the shares are released
4) The website monitors the blockchain to see if the BTC addressed received payment. When it is confirmed 6 times, reassign the shares to the buyer.

This is a business deal, perhaps you can buy the code from nonnakip.

It's my hope that someone steps forward to assist with creating a reasonably automated exchange for LabRat. Do it

Great, more fees limiting liquidity. 0.025 fee on shares which are going for 0.05-0.07 right now.

You're only hurting the little guy who wishes to buy 1 or 2 shares at a time with a limited mining income.

I hope this is not the final solution as to how trading is going to happen?

I'd rather offer my developer services to create you a decent automated way