Quote from: jimmothy on November 25, 2013, 09:48:15 AM

Quote from: Lohoris on November 25, 2013, 09:33:51 AM

Quote from: velacreations on November 24, 2013, 09:24:29 PM

what if the asset you have has a direct share system in place as a bit of insurance against this exchange failing?

Convert it to direct, then.

Remember that Bitfunder operated as a fractional reserve, what's holding havelock from screwing up this too?

We get it you don't like Havelock. No reason to make up hypothetical situations. I don't understand how bitfunder could operate as a fractional reserve but ukyo.loan most likely did. And there is not a single shred of evidence that suggests Havelock is doing so.

Havelock and Bitfunder are different on so many levels it makes no sense to compare. Bitfunder was run by 1 guy in a country that clearly states that all securities/exchanges must be registered with SEC. Havelock is a team who has been running a legal operating exchange in panaman since 2008 merged with a bitcoin security exchange that has been operating smoothly for more than a year.

Part of being a registered exchange in panama is the requirement of $25,000 iirc and there are names attached to whoever registered The Panama Fund, SA. Unlike Bitfunder there is a physical location and contact numbers.

Again to this day we have no idea why bitfunder or even btct.co shut down as neither burnside or ukyo have clarified why.

Lolz.
No signs that Havelock was operating as a "fractional reserve"?
Havelock is trying to sell share in itself after purportedly being bough by some doods in Panama.
And failing hard.

Re: "registered exchange in Panama"? More lolz. It's a registered Panamanian shelf company.
It costs more money and requires more documentation to register *a dog* in US.

Jimmothy, how much of this mystery bag did you buy? Cheesy