Bitcoin Forum

except for weapons, pornographic material and that sort of thing.

Hi Bitcoiners

I know putting this up while I am a newbie is going to hurt. I've been on the forums for ~2 years but need to be anonymous :/

This is for the more riskier investor, who knows about market places and their earning potential and security....

I am in the process of running an Tor Market place.
The project has been in the works for number of months but the investor has pulled  out due to bitcoin violity.
The market will accept both Bitcoin and Litecoin and will allow users to sell anything
except for weapons, pornographic material and that sort of thing.
What makes this market unique is the user has full control over their private key; this should reduce user to user hacks dramatically.
Standard features such as escrow are in place and I plan to possibly implement hedging, which I do not believe any market has at the moment.

The main sources of income to the market are:
- Vendor registration fee
- 4% commision on all sales.
- Before the investor left they setup some advertising deals that are fairly small; however contractually once our user base is over 500 users the payments will increase ten fold.
One of the company looking to advertise is very surprising due to their size !

Currently their are a small but increasing number of similar markets; however I believe due to our unique keys and anti-scammer techniques we should be a preferred market in no time.
A have a number of trusted real vendors and users who are currently involved in beta testing, with real (their own) bitcoins involved.

To go into full production I need to pay for another pentest, the first had mediocre results. While that happens that I need to purchase 3 server class, well servers.
One server will act as a squid reverse proxy, the second will act as a web server and the third will host the database. Hosting will be data centre quality, but not quite a traditional data center, nor a basement !

I require $16,000 AUD to do this. The server quote comes out to approx 11,000 including redundant power, which is not to bad considering the vendor.
The remaining 5k will go to the pentester.

I am selling a percentage (32% in total) of the profit each week to investors, once the site is live.
If I had the funds left myself, and could get everything today, including time to fix any bugs we should go live in around 3-4 weeks.

Each payment of $500 AUD will get you 1% of the profit each week. I will not deduct any expenses, simply take the profit based on fees from sales, vendor registrations and advertising
and give you your percent in Bitcoins.

Updates will also be given twice a week via email or PM until we go into production. From that point on I will only be sending out the profits each week to the nominated BTC addresses.
If the site never makes it into production the servers will be sold and the site will be kept running in beta mode to make up the BTC to pay back the investors. I could just wait and have the bitcoins myself, but getting this off the ground quickly securely is the key to success.
I can't see a scenario where the site does not go live, even a massive security exploit would be fixed, we would not just abandon my project.
If I do get some interest, but not all required I will speak to each person separately and see if much can do done with their investment or if it should be refunded back to the user.

Now I need to stay anonymous. Their is no doubt about that. I will only even give out the website name, onion address and my email address to investors.  FOR LARGE $$ INVESTORS I WILL EVEN LET YOU LOGIN TO THE SITE TO SHOW YOU ITS REAL AN IN FINAL STAGES BEFORE YOU DECIDE. The name, logo will be removed, and you will be given a temporary onion address.

I will also let users sell their share %; however if people get annoying every week I may temporary suspend that as I was be focusing on running the site.

If you think I will run off with your money, don't invest.
I could steal the users money doing beta testing now... or "hold" it like some of the other members here, he he but I choose not to.
Similar sites that were operating for 6 weeks were doing weekly sales of $10,000,000.. 4% (fee's) of that is 400,000 and 1% (investor share) is $4000
That number is bit off way off as we are new, but it the sky is the limit.
All investor info will be kept to minimum, encrypted and store offline. The less info, investors, communications the better.

TLDR -
- Each payment of $500 AUD in BTC will get you 1% profit every week, once the site is live, for the life of the site. Max involvement for any or all is 16,000 AUD / 32%
- If site never makes it into production servers will be sold and site will continue to run in beta until enough bitcoins made to repay investors.
- If I do not get enough interest in the next 2 weeks anything investors funds will either be used or refunded based on the investors decision.

If this sounds like your kind of thing PM me for details. For obvious reaons I would like to keep details out of this thread, but am very very willing to share them via PM.

And yes, I know many reasons posting this up isn't a good idea. I know I'm Tor'd and VPN'd to the gulls ha ha.


======== 24/12/13 ========
Fee's enabled and registration opened to a slightly larger user and vendor base, for now.  
Weekly payments have started now the site is gaining revenue.