BTSX on bter

[donkeypong]

And marinecoin's 97.2% premine is stored in an ice cold vault in Antarctica. It will take something like 1000 years for the remainder to be mined. I asked them and they weren't all that sure where the waterfront real estate and mega-yacht would be located. They said it may well be in Antarctica. But the marinecoin tower will be somewhere in New York, once people who take the bus tour decide on a location. Hopefully, there's no Kool-aid on the bus tour. marinecoin sounds like a sane choice and a rip-roaring ride for anyone looking to diversify.

[merockstar]

.. pretty much the same happend to auroracoin and the others ..

marinecoin also comes to mind.

has anybody figured out what thats about?

as far as I can tell, if you buy 2000 of their 97.2% premined clonecoin they're claiming you will become an abercrombie and fitch model

[xeroc]

.. pretty much the same happend to auroracoin and the others ..

[merockstar]

Moly moly .. that was fast

it may not be real though. with all the being super clear about withdraw your pts before the snapshot, only those not in the know would have left their pts on the exchange. that means they're trading what's probably a tiny percentage of the supply.

i wouldn't be surprised to see the price drop immediately on release.

i wouldn't be surprised to see me buying on the way down either.

[xeroc]

Moly moly .. that was fast

[merockstar]

bter 
obviously
https://bter.com/

oooooooooooooohhhhhhhhhhhhhhhhhhhhhhhh.
doh

[JA]

which site are you guys looking at?

bter 
obviously
https://bter.com/

[merockstar]

which site are you guys looking at?

[solaaire]

[liondani]

6th place on the market cap list belongs to the past...

We are temporary now on place 5 


PS ...bets on how quick we get to place 4 ?

[merockstar]

BTER knows they're going to get x% of BTSX because they were holding y PTS at the time of the snapshot, so they're letting their customers trade the percentage of BTSX they know they're getting internally.

Isn't it their customers BTSX that they are holding, that they received as part of the PTS snapshot?

yep, and it's their customers that are doing the trading. when the product is released, they give the appropriate amounts out to people based on the balances they have after all the trades, then start allowing withdrawals and deposits.

[bitmeat]

Yes. It is effectively like a futures market derivative. You can trade something that hasn't been delivered yet. It's nice to see some price discovery though.

[cygnify]

BTER knows they're going to get x% of BTSX because they were holding y PTS at the time of the snapshot, so they're letting their customers trade the percentage of BTSX they know they're getting internally.

Isn't it their customers BTSX that they are holding, that they received as part of the PTS snapshot?

[merockstar]

Just for those who don't know (I didn't), BTSX withdrawal is disabled on Bter until release.  D'uh, but I didn't think about that.

yea withdrawals are disabled because there is nothing to withdraw to yet.

BTER knows they're going to get x% of BTSX because they were holding y PTS at the time of the snapshot, so they're letting their customers trade the percentage of BTSX they know they're getting internally.

[Yuzu]

Just for those who don't know (I didn't), BTSX withdrawal is disabled on Bter until release.  D'uh, but I didn't think about that.