[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 202.

freedomno1

legendary

Activity: 1806

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Learning the troll avoidance button :)

Quote from: dhenson on September 24, 2013, 10:00:35 PM

Exchanges should really learn from btct.co as you need 2-factor for everything. Even if you had a keylogger, the 2-factor wasn't re-usable and was very safe.

Most sites only require 2-factor upon log in and don't require you to re-enter it when withdrawing or trading.

btct.co is far ahead of anyone else in that regard.

Hmm havelock had Gauth thought that was 2 FA?

dhenson

legendary

Activity: 994

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Exchanges should really learn from btct.co as you need 2-factor for everything. Even if you had a keylogger, the 2-factor wasn't re-usable and was very safe.

Most sites only require 2-factor upon log in and don't require you to re-enter it when withdrawing or trading.

btct.co is far ahead of anyone else in that regard.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: ?? on ??

Quote from: Ytterbium on September 24, 2013, 09:15:23 PM

Quote from: KCBitcoin on September 24, 2013, 07:46:04 PM

Quote from: Luckybit on September 24, 2013, 07:44:09 PM

Quote from: kingcrimson on September 24, 2013, 05:58:58 AM

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.

+1

What's the problem people have with WeExchange? I'm not saying it's not a problem or anything - I'm actually not very familiar with it.

It looks like it's straight out of the 90s, and if it wasn't Ukyo behind it I sincerely doubt anyone would trust it enough to use it. Also using it with your Bitfunder account isn't exactly straight forward.

Edit: It's still miles better than Havelock or 796.

Bitfunder doesn't even support Yubikey. It's 2-factor is some weird Google shit.

It's just not that good.

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: ?? on ??

Quote from: Ytterbium on September 24, 2013, 09:15:23 PM

Quote from: KCBitcoin on September 24, 2013, 07:46:04 PM

Quote from: Luckybit on September 24, 2013, 07:44:09 PM

Quote from: kingcrimson on September 24, 2013, 05:58:58 AM

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.

+1

What's the problem people have with WeExchange? I'm not saying it's not a problem or anything - I'm actually not very familiar with it.

It looks like it's straight out of the 90s, and if it wasn't Ukyo behind it I sincerely doubt anyone would trust it enough to use it. Also using it with your Bitfunder account isn't exactly straight forward.

Edit: It's still miles better than Havelock or 796.

Ukyo has mentioned that he will be making updates to the site.

Vigil

sr. member

Activity: 378

Merit: 250

At least BitFunder auto updates its order book and chart.

WeExchange -> BF is no big hassle.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: ?? on ??

Quote from: Ytterbium on September 24, 2013, 09:15:23 PM

Quote from: KCBitcoin on September 24, 2013, 07:46:04 PM

Quote from: Luckybit on September 24, 2013, 07:44:09 PM

Quote from: kingcrimson on September 24, 2013, 05:58:58 AM

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.

+1

What's the problem people have with WeExchange? I'm not saying it's not a problem or anything - I'm actually not very familiar with it.

It looks like it's straight out of the 90s, and if it wasn't Ukyo behind it I sincerely doubt anyone would trust it enough to use it. Also using it with your Bitfunder account isn't exactly straight forward.

Edit: It's still miles better than Havelock or 796.

Yeah, because bitcoiners are all about looks, that's why we liked BTCTC, because it looked great...

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Ytterbium on September 24, 2013, 09:15:23 PM

Quote from: KCBitcoin on September 24, 2013, 07:46:04 PM

Quote from: Luckybit on September 24, 2013, 07:44:09 PM

Quote from: kingcrimson on September 24, 2013, 05:58:58 AM

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.

+1

What's the problem people have with WeExchange? I'm not saying it's not a problem or anything - I'm actually not very familiar with it.

It might be complicated for some people...

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: KCBitcoin on September 24, 2013, 07:46:04 PM

Quote from: Luckybit on September 24, 2013, 07:44:09 PM

Quote from: kingcrimson on September 24, 2013, 05:58:58 AM

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.

+1

What's the problem people have with WeExchange? I'm not saying it's not a problem or anything - I'm actually not very familiar with it.

well.attenuated

newbie

Activity: 41

Merit: 0

Quote from: dwdoc on September 24, 2013, 07:25:01 PM

Where do I buy shares in team China?

Buy Bitfury rack and join Team China... Wink

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: Sou on September 24, 2013, 06:28:36 AM

Quote from: Bitcycle on September 24, 2013, 06:22:42 AM

They certainly do make it hard to believe in them.

Well from the sound of things "Labcoin have proven themselves trustworthy". I guess started hashing at 20Th, and shareholders have started to receive the dividends.

They paid out dividends.

KCBitcoin

full member

Activity: 224

Merit: 100

Quote from: Luckybit on September 24, 2013, 07:44:09 PM

Quote from: kingcrimson on September 24, 2013, 05:58:58 AM

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.

+1

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: kingcrimson on September 24, 2013, 05:58:58 AM

Is there any real argument against bitfunder? It is a no brainer to list there.

WeExchange is an argument against it.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: Bitcycle on September 24, 2013, 05:33:04 AM

The sooner a new exchange is determined the better. Share value and trust in Labcoin will remain low until that problem is resolved.

Many securities have already begun their move.

Ideally this process can be well under way if not completed by the time trading halts on BTCT. It deserves the strongest possible efforts from the team.

Direct shares is the least preferable option, by far. Greatly reduced liquidity and thus greatly reduced share value. It works for AM primarily because of the passthroughs, so if you MUST go with direct shares (only as a last resort), please work to establish passthroughs ASAP. Of course, you'll end up with most of the same issues as listing on the exchange, so you might as well list on the exchange.

Havelock has a passthrough already.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: BitThink on September 24, 2013, 04:27:23 AM

Quote from: Ytterbium on September 24, 2013, 04:11:19 AM

Quote from: BitThink on September 24, 2013, 03:16:43 AM

Quote from: Ytterbium on September 24, 2013, 02:53:11 AM

Quote from: BitCsByBit on September 24, 2013, 02:48:04 AM

Quote from: Ytterbium on September 24, 2013, 02:46:03 AM

Quote from: KCBitcoin on September 24, 2013, 02:43:38 AM

correction: 796 has very high withdraw fees.

Screw them, then.

They also have a very awkward interface.

I see. I'm not very familiar with them at all, other then that they have some kind of HK license for dealing with money. I think bitfunder is the way to go. Being listed on 796 could give us some extra protection, plus being on multiple exchanges would make things much easier for people, especially if there was a way to transfer shares.

That license only at best make their BTC exchange legal. Not a license will protect security exchange, which is almost impossible to be completely legal in my opinion.

It depends on the local laws. Some countries are extremely lax when it comes to banking regulation.

Yes, agree. But security exchange is out of the scope of banking, I think. So coinbase is fine but btct is not. In china, btcchina is fine, but both btc garden and myminer have to cancel their IPO. I don't know the law in HongKong, but most likely that license is just for normal currency exchange, at most some unit trust distribution, not for running a stock market let alone withunregulated virtual stocks.

But anyway, more exchanges are fine. Most people will just stick to one anyway, others are all just backups.

Bitshares, Netcoin and Mastercoin are options for distributed exchanges. Those options should come online in 2014 but for now it would be best of Labcoin lists on all the exchanges. Some people prefer Havelock, some prefer Bitfunder, and there is Cryptostocks.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: Ytterbium on September 24, 2013, 07:09:12 PM

Quote from: dhenson on September 24, 2013, 07:01:11 PM

If Ukyo is a U.S. citizen then he is bound to follow U.S. laws and regulations.

What makes you think Ukyo is in the US?

Just his posts about lawyer costs spent above and beyond site profits. If he lived outside the U.S. he wouldn't be so worried (at least that's the impression I got).

KCBitcoin

full member

Activity: 224

Merit: 100

Will Labcoin be BFL #2?

GreekGeek

hero member

Activity: 577

Merit: 500

Jesus was a (Goddamn) hippy socialist

Quote from: dwdoc on September 24, 2013, 07:25:01 PM

Where do I buy shares in team China?

+1111

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

Where do I buy shares in team China?

moribana

full member

Activity: 167

Merit: 100

Quote from: Ytterbium on September 24, 2013, 07:22:01 PM

Quote from: moribana on September 24, 2013, 07:19:58 PM

I do not think there are any US regulations pertaining to stocks listed in another country.

If you're in the US you have to follow US laws, regardless of where your company is registered. But as far as I know Uyko isn't based in the US.

I understand that if I am in the US I have to follow US laws. The question is whether there are actually any US laws about the Belize stock market.

Ytterbium

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Activity: 238

Merit: 100

Quote from: moribana on September 24, 2013, 07:19:58 PM

I do not think there are any US regulations pertaining to stocks listed in another country.

If you're in the US you have to follow US laws, regardless of where your company is registered. But as far as I know Uyko isn't based in the US.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 202. (Read 1079974 times)