Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 223.

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bigasic on October 08, 2013, 08:16:57 PM

I was under the impression that bitfunder was operating out of Australia..

I didn't know that. If that's the case then I find this whole episode quite puzzling. Maybe the servers are located in the US? Or the bank accounts?

Quote from: bigasic on October 08, 2013, 08:16:57 PM

Also, LRM should consider halting all trades, its not fair just because im in the USA that I cant purchase cheap shares.. if bitfunder had the same rules for everyone, they hey, fair game, but since USA traders cant buy, it makes it very unfair to us.. So, thats another reason it should be all or nothing.. why penalize me because im in the usa, yet someone from the UK can capitalize on it? The rules should be the same for everyone..

I don't know if that's even an option that he has - I haven't seen the issuer back-end of the system as I'm not an issuer. It's supposed to be a free market though (bar these limitations) so it would be quite a strange feature to have implemented IMHO.

Can't you just get a proxy though? Or use a tor browser and just keep clicking on new ID until you get a non-US relay?

If you're really desperate then you can send me the coins and I will buy and hold the bonds for you and transfer you the dividends as I'm in the UK. I'm sure LR will vouch for me if this is of interest.

bigasic

hero member

Activity: 924

Merit: 1000

Quote from: mmmerlin on October 08, 2013, 07:41:08 PM

Quote from: bigasic on October 08, 2013, 07:17:30 PM

I figured that with btct.co or whatever the name was shutting down, i thought that this would happen. I don't know why they are limiting it to just the USA, but if they are violating US law, they probably are violating many countries' laws. It would make sense to completely shut down or stay in business. but to cherry pick is a chicken shit thing to do... I believe the UK has their own SEC.

This whole thing just pisses me off to no end....

Lol, no - you can only violate the laws of the country you are operating out of! It's not "a chicken shit thing to do" to cherry pick the laws of your own country Tongue

Most things are illegal somewhere in the world, you wouldn't be able to do anything!

I was under the impression that bitfunder was operating out of Australia, not the USA.

Also, LRM should consider halting all trades, its not fair just because im in the USA that I cant purchase cheap shares.. if bitfunder had the same rules for everyone, they hey, fair game, but since USA traders cant buy, it makes it very unfair to us.. So, thats another reason it should be all or nothing.. why penalize me because im in the usa, yet someone from the UK can capitalize on it? The rules should be the same for everyone..

Bitfunder should have at least made it so USA holders couldnt sell, then it would be a more even playing field..

Yep, they are out of Australia (since we all know that bitfunder and WEexchange are one and the same) So why pick on the Americans? Doesn't make sense..

Mailing Address:
WeExchange Australia, Pty. Ltd.
12A Bromley Rd.
Hilton, Western Australia 6163
Australia

Doff

sr. member

Activity: 327

Merit: 250

Quote from: mmmerlin on October 08, 2013, 08:05:41 PM

Could some more people panic-sell their shares for ~0.05BTC like people were doing earlier please? I wasn't quick enough... Cry

lol

bittymitty

sr. member

Activity: 294

Merit: 250

you can still pick up a bargain @.01 !

We need Lab_Rat to drop some good news now for the rebound.

mmmerlin

sr. member

Activity: 266

Merit: 250

Could some more people panic-sell their shares for ~0.05BTC like people were doing earlier please? I wasn't quick enough... Cry

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bigasic on October 08, 2013, 07:17:30 PM

I figured that with btct.co or whatever the name was shutting down, i thought that this would happen. I don't know why they are limiting it to just the USA, but if they are violating US law, they probably are violating many countries' laws. It would make sense to completely shut down or stay in business. but to cherry pick is a chicken shit thing to do... I believe the UK has their own SEC.

This whole thing just pisses me off to no end....

Lol, no - you can only violate the laws of the country you are operating out of! It's not "a chicken shit thing to do" to cherry pick the laws of your own country Tongue

Most things are illegal somewhere in the world, you wouldn't be able to do anything!

bigasic

hero member

Activity: 924

Merit: 1000

I figured that with btct.co or whatever the name was shutting down, i thought that this would happen. I don't know why they are limiting it to just the USA, but if they are violating US law, they probably are violating many countries' laws. It would make sense to completely shut down or stay in business. but to cherry pick is a chicken shit thing to do... I believe the UK has their own SEC.

This whole thing just pisses me off to no end....

pixl8tr

sr. member

Activity: 336

Merit: 250

Well, I don't know anything specific other than the obvious. Since LRM is in the US, he will still need to transfer buy/sell shares. And, since Bitfunder is dropping US support, he will have to move the bonds to another site.

Non-US users of Bitfunder should be ok to trade buy sell from the information that I see posted on the Bitfunder site.
You can probably pickup some cheap LRM assets right now, since US residents can't buy, only sell.

zulover

hero member

Activity: 583

Merit: 500

ok. big brother sam really kicks you where the sun dont shine!!

im in the u.k so still ok?

pixl8tr

sr. member

Activity: 336

Merit: 250

Quote from: zulover on October 08, 2013, 06:29:43 PM

why s this happening ? i was on the verge of buying some shares whats gone wrong?

Not sure, but speculation is that he (Bitfunder ) is in violation of US laws and fears legal problems.

zulover

hero member

Activity: 583

Merit: 500

why s this happening ? i was on the verge of buying some shares whats gone wrong?

bittymitty

sr. member

Activity: 294

Merit: 250

wow my portfolio just dropped by half. But on the good side I picked up some shares at .05

not sure whether to laugh or cry...

mmmerlin

sr. member

Activity: 266

Merit: 250

Quote from: bigasic on October 08, 2013, 05:27:57 PM

...so I would make sure you bitcoin addy is correct on bitfunder and make sure its one where you have control over it, not an address from an exchange, like mt.gox, etc.. Im not sure, but I think addresses from blockchain.info should be good... You just need to have control over the private code...

^^ This.

This is important people - heed these words!

bigasic

hero member

Activity: 924

Merit: 1000

Correct me if im wrong, but I believe gigavps did this not too long ago, he took control and put everything on his site.. so, worst case scenario, he can make his own place to trade his own shares of his own company, I dont think that would violate any sec rules as long as he doesnt advertise it...

The best thing to do is not to panic.. Zach will figure something out.. our investment is safe and while this is a bump in the road, im sure thats all it will be in the end, a bump.. so I would make sure you bitcoin addy is correct on bitfunder and make sure its one where you have control over it, not an address from an exchange, like mt.gox, etc.. Im not sure, but I think addresses from blockchain.info should be good... You just need to have control over the private code...

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: bittymitty on October 08, 2013, 05:19:09 PM

I think you are missing the point. There are no legal Bitcoin based exchanges as far as I know(let me know if I am wrong)

So unless one is available or one is made legal then no exchange is going to touch American securities or investors.

Labrat needs to made a forum on his website asap then we can trade there if necessary.

Tor Network. Similar to SR but for Exchanges.

I would bet on something like this popping up.

tgerring

full member

Activity: 142

Merit: 100

Hive/Ethereum

Quote from: bittymitty on October 08, 2013, 05:19:09 PM

I think you are missing the point. There are no legal Bitcoin based exchanges as far as I know(let me know if I am wrong)

So unless one is available or one is made legal then no exchange is going to touch American securities or investors.

Labrat needs to made a forum on his website asap then we can trade there if necessary.

https://www.havelockinvestments.com/ ?

bittymitty

sr. member

Activity: 294

Merit: 250

I think you are missing the point. There are no legal Bitcoin based exchanges as far as I know(let me know if I am wrong)

So unless one is available or one is made legal then no exchange is going to touch American securities or investors.

Labrat needs to made a forum on his website asap then we can trade there if necessary.

grnbrg

hero member

Activity: 509

Merit: 500

Official LRM shill

Just got an email from @Lab_Rat..>

He is aware of what is going on, and is currently evaluating what is to be done.

He'll post an official update as soon as he can.

grnbrg.

bigasic

hero member

Activity: 924

Merit: 1000

Quote from: bittymitty on October 08, 2013, 04:59:29 PM

The dividends will be safe however it is going to be very hard to trade without an exchange.

I can almost guarantee you with 100 percent certainty that he will list them with a good exchanger in a timely manner.. You are right, if we cant sell or buy the shares, it will be difficult for any company to survive... There are some alternatives now, but Im sure hes looking at the best one.

If you can, buy the cheap shares and benefit once things get back on track. at least we have our dividends to look forward to...

elitenoob

hero member

Activity: 728

Merit: 500

I bet soon you will be able to see services like "offering hosting for bitfunder shares for US citizens" Cheesy

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 223. (Read 452224 times)