Re: [BTC-TC] Virtual Securities Exchange by BTC Trading Corp -- Public Beta
[I gotcha. So what you're saying is that the fundamental difference lies in the original intent of the programmers that created the virtual goods? Is that accurate?
Just the difference between claiming to operate a site using a crypto currency, and how WoW and SecondLife operate their 'virtual currencies'.
As you recently stated in another thread, a fundamental difference is that you allow withdraws, where the games do not.
I wouldn't say I find anything about this comfortable in court. For the reasons described earlier. You never know what a judge is going to do. What is your take with BitFunder? Is BitFunder registered with your state's corporate division? (I see you have (C) BitFunder on the site, inferring BitFunder is a registered entity?) And it's hosted and operated in the US?
I really appreciate your input, it's good to discuss this stuff.
I really appreciate your input, it's good to discuss this stuff.
No, BitFunder is not a registered business entity at this time. I had stated in the previous thread that you carried this conversation over from that I am working towards finding a way to establish a legal legitimacy for the site. At this time I have chosen not to take the same route as BTC-TC and just claim its all play money and hope for the best.
Not sure what you mean about the (C), unless you are referencing a copyright mark?
Hosting: The site is load balanced across servers all around the world. Multiple database and front end servers share the handling of data all over.
People who know me, know I have 10+ years in the hosting business, and have equipment all around.
I also host a great mining pool http://Ozco.in which is managed by Graet, for the last year or so.
Operations: Are you referencing a business operations? There are none. Website operations? I am the web developer in the US.
Forming a corporation in another country once the legal concerns have been taken into account is not too difficult with proper consulting.
I would highly recommend anyone use a real lawyer/cpa to properly incorporate in another country. There are many laws to consider.
I have corporations in the US, Canada, and Australia currently, and working towards a financial license in another.