|
Title: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: 100bitcoin on March 22, 2014, 10:01:41 PM 100bit.co.in (http://www.100bit.co.in) www.100bit.co.in provides a platform to buyers and sellers to directly exchange FIAT and Alt coins with each other against bitcoin. Joining is free and exchange cost per trade is 0.1% of the trade amount. https://i.imgur.com/TwWmtEZ.png (http://www.100bit.co.in) Please note that, right now, we are in BETA. Also https is not yet implemented, though CloudFlare SSL is already there. If your country/currency is not in the list on registration page, please inform us here. Your feedback for any improvement is highly appreciated. Title: Re: Bitcoin Idea - My next step Post by: 5thStreetResearch on March 22, 2014, 10:17:05 PM dont really see it happening when described as ponzi-ish but GL
Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on March 22, 2014, 10:36:15 PM dont really see it happening when described as ponzi-ish but GL First of all thank you for your response. I call it Ponzi flavour, because the referral commision is going up chain and I found a lot of people here are versed with this word 'Ponzi'. But if you are acquainted with MLM ...the joining to this club is actually that. But I'm afraid many out here may not identify this referral commision distribution as MLM. So I have drawn the resemblance of Ponzi. Moreover, Ponzi or MLM, whatever one call it, this starts and ends at joining only. Rest is normal business activity as an usual member. Title: Re: Bitcoin Idea - My next step Post by: odolvlobo on March 23, 2014, 12:05:25 AM That is called a pyramid scheme.
Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on March 23, 2014, 07:32:02 AM That is called a pyramid scheme. Well may be. But is that legal if I use it for Bitcoin service ? I have seen direct selling companies like Tupperware, Amway etc. use this method to gain members and thereby sell their product. Title: Re: Bitcoin Idea - My next step Post by: Dogtanian on March 23, 2014, 02:11:32 PM That is called a pyramid scheme. Well may be. But is that legal if I use it for Bitcoin service ? I have seen direct selling companies like Tupperware, Amway etc. use this method to gain members and thereby sell their product. I think someone was actually busted for selling a Bitcoin ponzi or pyramid. Title: Re: Bitcoin Idea - My next step Post by: turvarya on March 23, 2014, 02:27:53 PM That is called a pyramid scheme. Well may be. But is that legal if I use it for Bitcoin service ? I have seen direct selling companies like Tupperware, Amway etc. use this method to gain members and thereby sell their product. I think someone was actually busted for selling a Bitcoin ponzi or pyramid. Title: Re: Bitcoin Idea - My next step Post by: Dogtanian on March 23, 2014, 02:36:07 PM That is called a pyramid scheme. Well may be. But is that legal if I use it for Bitcoin service ? I have seen direct selling companies like Tupperware, Amway etc. use this method to gain members and thereby sell their product. I think someone was actually busted for selling a Bitcoin ponzi or pyramid. For Bitcoin or ponzis? Or maybe even both? Title: Re: Bitcoin Idea - My next step Post by: turvarya on March 23, 2014, 02:44:14 PM That is called a pyramid scheme. Well may be. But is that legal if I use it for Bitcoin service ? I have seen direct selling companies like Tupperware, Amway etc. use this method to gain members and thereby sell their product. I think someone was actually busted for selling a Bitcoin ponzi or pyramid. For Bitcoin or ponzis? Or maybe even both? Title: Re: Bitcoin Idea - My next step Post by: newIndia on March 23, 2014, 03:21:15 PM @100bitcoin What I have learnt from your project idea, it has nothing to do with ponzi. U r simply giving referral commission and that is absolutely legal in marketing world irrespective of the country. Unnecessarily dont attach 'Ponzi' stamp to your project. Try to provide proper service... and that is what all we need.
p.s. Dont think like Mark Karpeles. Think like Andreas Antonopoulos. Best of Luck. Title: Re: Bitcoin Idea - My next step Post by: DannyHamilton on March 23, 2014, 03:22:37 PM Trendon Shavers (also known as Pirate40 on bitcointalk) is currently being prosecuted in Texas by the U.S. government for operating a bitcoin Ponzi Scheme.
According to U.S. law, your scheme is not a MLM (Multi-level marketing) organization or Direct Selling organization. In order to be considered a legal business (such as Amway, Tupperware, etc) in the U.S. you need to have actual products that are being sold to customers. There are a set of other specific conditions that the company has to meet to be considered a legal business in the U.S. If you are not in the U.S. you'll need to learn more about your own local laws to determine if your scheme is illegal. Title: Re: Bitcoin Idea - My next step Post by: Dogtanian on March 23, 2014, 04:14:40 PM Trendon Shavers (also known as Pirate40 on bitcointalk) is currently being prosecuted in Texas by the U.S. government for operating a bitcoin Ponzi Scheme. According to U.S. law, your scheme is not a MLM (Multi-level marketing) organization or Direct Selling organization. In order to be considered a legal business (such as Amway, Tupperware, etc) in the U.S. you need to have actual products that are being sold to customers. There are a set of other specific conditions that the company has to meet to be considered a legal business in the U.S. Doesn't Herbalife operate like them too? So does the US recognize it as a currency now? Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on March 23, 2014, 04:27:05 PM @100bitcoin What I have learnt from your project idea, it has nothing to do with ponzi. U r simply giving referral commission and that is absolutely legal in marketing world irrespective of the country. Unnecessarily dont attach 'Ponzi' stamp to your project. Try to provide proper service... and that is what all we need. p.s. Dont think like Mark Karpeles. Think like Andreas Antonopoulos. Best of Luck. Thank you for your suggestion. I have updated my first post accordingly. @DannyHamilton Thank you for the heads up. I was not aware of Trendon Shavers. I would like to know if Ponzi, Pyramid or MLM laws are applicable to Bitcoin ? I have no plan to accept any FIAT in the whole program. Title: Re: Bitcoin Idea - My next step Post by: DannyHamilton on March 23, 2014, 04:38:49 PM @DannyHamilton Thank you for the heads up. I was not aware of Trendon Shavers. I would like to know if Ponzi, Pyramid or MLM laws are applicable to Bitcoin ? I have no plan to accept any FIAT in the whole program. That depends on what jurisdiction you are in. If you are in the U.S. then those laws are absolutely applicable to Bitcoin. Trendon Shavers is currently being prosecuted by the U.S. in a court in Texas for operating a Ponzi scheme that did not accept any FIAT (he only accepted Bitcoin) in the whole program. Title: Re: Bitcoin Idea - My next step Post by: Dogtanian on March 23, 2014, 05:01:56 PM @DannyHamilton Thank you for the heads up. I was not aware of Trendon Shavers. I would like to know if Ponzi, Pyramid or MLM laws are applicable to Bitcoin ? I have no plan to accept any FIAT in the whole program. That depends on what jurisdiction you are in. If you are in the U.S. then those laws are absolutely applicable to Bitcoin. Trendon Shavers is currently being prosecuted by the U.S. in a court in Texas for operating a Ponzi scheme that did not accept any FIAT (he only accepted Bitcoin) in the whole program. Would they prosecute if somebody operated a ponzi or pyramid with Pogs or Pokemon cards? lol Title: Re: Bitcoin Idea - My next step Post by: DannyHamilton on March 23, 2014, 05:16:26 PM @DannyHamilton Thank you for the heads up. I was not aware of Trendon Shavers. I would like to know if Ponzi, Pyramid or MLM laws are applicable to Bitcoin ? I have no plan to accept any FIAT in the whole program. That depends on what jurisdiction you are in. If you are in the U.S. then those laws are absolutely applicable to Bitcoin. Trendon Shavers is currently being prosecuted by the U.S. in a court in Texas for operating a Ponzi scheme that did not accept any FIAT (he only accepted Bitcoin) in the whole program. Would they prosecute if somebody operated a ponzi or pyramid with Pogs or Pokemon cards? lol That would depend on whether or not the Pogs or Pokemon cards were found to pass the Howey test (http://en.wikipedia.org/wiki/Securities_and_Exchange_Commission_v._W._J._Howey_Co.#Majority_Opinion). Title: Re: Bitcoin Idea - My next step Post by: serje on March 23, 2014, 06:10:31 PM Well mate I would suggest you to stay clean just like you did with your last project!
I wouldn't consider it stupid or a failure! It's your experience and you should lean from it! And believe me honest money are earned hard! Make another one just like the one before but with less time-frame! In the end people will come and play but until then you will have to work hard for it! what you earned maybe is nothing ... but in time you might earn more! Don't expect 100 people to just jump right on your game! Build a slow and steady history and in time you will earn more! Title: Re: Bitcoin Idea - My next step Post by: newIndia on March 23, 2014, 07:07:27 PM Trendon Shavers (also known as Pirate40 on bitcointalk) is currently being prosecuted in Texas by the U.S. government for operating a bitcoin Ponzi Scheme. According to U.S. law, your scheme is not a MLM (Multi-level marketing) organization or Direct Selling organization. In order to be considered a legal business (such as Amway, Tupperware, etc) in the U.S. you need to have actual products that are being sold to customers. There are a set of other specific conditions that the company has to meet to be considered a legal business in the U.S. If you are not in the U.S. you'll need to learn more about your own local laws to determine if your scheme is illegal. @DannyHamilton As I can see OP has described his plan as direct commision and indirect commission distributed in a chain of members. I dont see any problem in direct commission. But do u think even indirect commission distribution can be regarded as illegal under any law ? As I have read, Trendon Shavers had return liability, which is obvious in any Ponzi and that is why they are destined to fail at some point of time. But this is not the case here. Referral commissioning happens even in banks when an agent gets a new customer for the bank and that commission goes upto the team leader or higher ups. They are not Ponzi. I think terming anything that distributes commission as Ponzi is wrong. Title: Re: Bitcoin Idea - My next step Post by: DannyHamilton on March 23, 2014, 07:18:52 PM Trendon Shavers (also known as Pirate40 on bitcointalk) is currently being prosecuted in Texas by the U.S. government for operating a bitcoin Ponzi Scheme. According to U.S. law, your scheme is not a MLM (Multi-level marketing) organization or Direct Selling organization. In order to be considered a legal business (such as Amway, Tupperware, etc) in the U.S. you need to have actual products that are being sold to customers. There are a set of other specific conditions that the company has to meet to be considered a legal business in the U.S. If you are not in the U.S. you'll need to learn more about your own local laws to determine if your scheme is illegal. @DannyHamilton As I can see OP has described his plan as direct commision and indirect commission distributed in a chain of members. I dont see any problem in direct commission. But do u think even indirect commission distribution can be regarded as illegal under any law ? As I have read, Trendon Shavers had return liability, which is obvious in any Ponzi and that is why they are destined to fail at some point of time. But this is not the case here. Referral commissioning happens even in banks when an agent gets a new customer for the bank and that commission goes upto the team leader or higher ups. They are not Ponzi. I think terming anything that distributes commission as Ponzi is wrong. The OP has modified his post and added additional details after I responded. Initially, he was just claiming that he had a "Poniz based idea", without any details about how it would work. What he is now describing is not a Ponzi scheme, but more likely a pyramid scheme which is also illegal in the U.S. In the end, it will really depend on the details of the business. If the entire business consists of nothing but recruitment, and passing registration fees upchain as a "referral bonus", then it will be illegal in the U.S. If, on the other hand, bonuses are based on the retail sales of actual products and services, then the OP has a much better chance of creating a legal business. In a situation like this, the devil is in the details. The OP would be best served to retain the services of a lawyer that is familiar with the laws regarding network marketing, direct marketing, and multi-level marketing in the jurisdiction that he wants to operate his business. Otherwise, he is highly likely to run afoul of laws and regulation in that marketplace. Title: Re: Bitcoin Idea - My next step Post by: Phildo on March 23, 2014, 07:29:03 PM Tupperware, amway, and herbalife are different because at least there is a product to sell somewhere in there.
It's impossible to guarantee everyone a profit because eventually (especially in bitcoin) you will run out of money. Title: Re: Bitcoin Idea - My next step Post by: DannyHamilton on March 23, 2014, 08:03:01 PM Tupperware, amway, and herbalife are different because at least there is a product to sell somewhere in there. And Herbalife is currently under investigation by the FTC, so it isn't even clear at the moment whether they are operating their business in a way that the U.S. government considers legal. Title: Re: Bitcoin Idea - My next step Post by: Phildo on March 24, 2014, 03:33:31 AM Tupperware, amway, and herbalife are different because at least there is a product to sell somewhere in there. And Herbalife is currently under investigation by the FTC, so it isn't even clear at the moment whether they are operating their business in a way that the U.S. government considers legal. Yea, I have no idea how legal it is, but it has a better chance of working than a pure pyramid/ponzi type system because at some point pills are exchanged for money. If you can find people that want pills, you can sell them. A bitcoin "game" where you put in bitcoins and get out more bitcoins, eventually you are going to run out of bitcoins. Title: Re: Bitcoin Idea - My next step Post by: jonald_fyookball on March 24, 2014, 05:09:32 AM OP, waste of time. No one needs another MLM. try to think of something with more real value
Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on March 24, 2014, 11:25:31 AM OP, waste of time. No one needs another MLM. try to think of something with more real value First of all, thank u everyone for dropping by with your valuable suggestion/opinion. As I mentioned in my first post this is not going to be an MLM only business... Quote Upcoming Project: I am planning to build a bitcoin club on www.100bit.co.in with the membership model in referral commission distribution. The club will have multiple online services, but membership will be on referral basis and referral commission will be distributed in the upward chain. We are going to have online services for our club members, where payment method will be in bitcoin. MLM/Pyramid model, whatever u call it, will be used only for membership purpose. Title: Re: Bitcoin Idea - My next step Post by: newIndia on March 24, 2014, 07:46:22 PM OP, waste of time. No one needs another MLM. try to think of something with more real value First of all, thank u everyone for dropping by with your valuable suggestion/opinion. As I mentioned in my first post this is not going to be an MLM only business... Quote Upcoming Project: I am planning to build a bitcoin club on www.100bit.co.in with the membership model in referral commission distribution. The club will have multiple online services, but membership will be on referral basis and referral commission will be distributed in the upward chain. We are going to have online services for our club members, where payment method will be in bitcoin. MLM/Pyramid model, whatever u call it, will be used only for membership purpose. This is what is very important. Dont make an MLM just for the sake of MLM. Make a solid business around it. Title: Re: Bitcoin Idea - My next step Post by: quone17 on March 25, 2014, 06:33:35 PM WTF? I got 2 PMs within 3 mintues of each other, the first saying his "project" was starting, the second saying it was over.
Who would trust this guy's ponzi? Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on March 25, 2014, 09:13:32 PM WTF? I got 2 PMs within 3 mintues of each other, the first saying his "project" was starting, the second saying it was over. Who would trust this guy's ponzi? I was informing everyone who participated in the previous thread, i.e. https://bitcointalk.org/index.php?topic=455724.0 By mistake, some members were informed twice. But I never said the project has started in one message and it has ended in another. All of u, who participated in the previous thread, have received the following message and some of u have received it twice. Quote Hi, Thank u for participating in the discussion => https://bitcointalk.org/index.php?topic=455724.0 Ultimately the project has kicked off and u r invited to join. If u make a transaction, please update the Tx here => https://bitcointalk.org/index.php?topic=471521.0 Thanks, 100 Bitcoin The gambling project is over. I'm planning something new => https://bitcointalk.org/index.php?topic=526706.0 ...Plz join me with your suggestions. @quone17 Please confirm if u received something else. Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on March 27, 2014, 09:51:04 AM Tupperware, amway, and herbalife are different because at least there is a product to sell somewhere in there. And Herbalife is currently under investigation by the FTC, so it isn't even clear at the moment whether they are operating their business in a way that the U.S. government considers legal. Yea, I have no idea how legal it is, but it has a better chance of working than a pure pyramid/ponzi type system because at some point pills are exchanged for money. If you can find people that want pills, you can sell them. A bitcoin "game" where you put in bitcoins and get out more bitcoins, eventually you are going to run out of bitcoins. As I have said, we are going to have real online services served against bitcoin. For the membership purpose we are preferring single chain over pyramid model. Would like to know all of your opinion regarding this. Title: Re: Bitcoin Idea - My next step Post by: BitCoinDream on April 03, 2014, 12:58:22 PM So where is your project standing now ?
Title: Re: Bitcoin Idea - My next step Post by: basementdweller on April 03, 2014, 01:10:31 PM Yet another pyramid scheme. I don't know what all the fuss is about.
Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on April 04, 2014, 07:57:42 AM @BitCoinDream Its under development now. Will release the beta version soon.
@basementdweller You're requested to read the complete thread before making an irresponsible statement. Title: Re: Bitcoin Idea - My next step Post by: Bit_Happy on April 04, 2014, 08:22:27 AM ... So does the US recognize it as a currency now? BTC ponzis were determined to be illegal in the USA: currency vs. property wasn't the issue; Still illegal. MLM is legal if you are selling real products. Title: Re: Bitcoin Idea - My next step Post by: BitOnyx on April 04, 2014, 11:41:54 AM Right now there is not actual regulation related to bitcoin. There is more of interpretation of law hen regulation.
Title: Re: Bitcoin Idea - My next step Post by: BitCoinDream on April 05, 2014, 05:10:29 PM Right now there is not actual regulation related to bitcoin. There is more of interpretation of law hen regulation. This is quite true for most of the countries... Title: Re: Bitcoin Idea - My next step Post by: Phinnaeus Gage on April 05, 2014, 06:56:25 PM Preface: I'm a developer and as a developer I always dreamt of building interesting software business. But sadly I never got support from the bank to move forward with my plan. Now, Bitcoin has given me the freedom to dream again. I wish much more wider acceptance of Bitcoin in coming days. Failure: My first Bitcoin project was a gambling game (www.100bit.co.in). Inspired by the success of SatoshiBet, PrimeDice etc. I chalked out a plan. I proposed the idea on the board and found a lot of people showing interest to the basic concept of a gambling on blockchain.info data (ref: https://bitcointalk.org/index.php?topic=455724.0). Today was the last day of the game and if you look at the game thread (https://bitcointalk.org/index.php?topic=471521.0), u'll instantly figure out that I was a failure in this project. Learning: A lot of people can risk 0.01 BTC, but there should be an assured way for everyone of them to win back the bitcoin with profit. That is the reason Ponzi games are so successful over gambling ones !!! One of the participants in the game even mentioned it (https://bitcointalk.org/index.php?topic=471521.msg5287264#msg5287264) Upcoming Project: I am planning to build a bitcoin club on www.100bit.co.in with the membership model in referral commission distribution. The club will have multiple online services, but membership will be on referral basis and referral commission will be distributed in the upward chain. Following is what I have decided as of yet. Membership: n BTC Direct commission to referrer: x% Indirect commission distributed in the upward chain: y% Like the previous project, I want all of your feedback on this idea too. Can it take off ? It sure does read similar to what I started developing 6 days earlier: https://bitcointalk.org/index.php?topic=517758.0 http://uberkoin.com/ (reverting to http://uberqoin.com/ once in beta) Title: Re: Bitcoin Idea - My next step Post by: zolace on April 05, 2014, 09:23:33 PM you cant dream without a business Plan, you need to do lot of research or just get plain lucky to succeed
Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on April 06, 2014, 08:43:04 AM Preface: I'm a developer and as a developer I always dreamt of building interesting software business. But sadly I never got support from the bank to move forward with my plan. Now, Bitcoin has given me the freedom to dream again. I wish much more wider acceptance of Bitcoin in coming days. Failure: My first Bitcoin project was a gambling game (www.100bit.co.in). Inspired by the success of SatoshiBet, PrimeDice etc. I chalked out a plan. I proposed the idea on the board and found a lot of people showing interest to the basic concept of a gambling on blockchain.info data (ref: https://bitcointalk.org/index.php?topic=455724.0). Today was the last day of the game and if you look at the game thread (https://bitcointalk.org/index.php?topic=471521.0), u'll instantly figure out that I was a failure in this project. Learning: A lot of people can risk 0.01 BTC, but there should be an assured way for everyone of them to win back the bitcoin with profit. That is the reason Ponzi games are so successful over gambling ones !!! One of the participants in the game even mentioned it (https://bitcointalk.org/index.php?topic=471521.msg5287264#msg5287264) Upcoming Project: I am planning to build a bitcoin club on www.100bit.co.in with the membership model in referral commission distribution. The club will have multiple online services, but membership will be on referral basis and referral commission will be distributed in the upward chain. Following is what I have decided as of yet. Membership: n BTC Direct commission to referrer: x% Indirect commission distributed in the upward chain: y% Like the previous project, I want all of your feedback on this idea too. Can it take off ? It sure does read similar to what I started developing 6 days earlier: https://bitcointalk.org/index.php?topic=517758.0 http://uberkoin.com/ (reverting to http://uberqoin.com/ once in beta) Hi Bruno... I just read about your project. I think our concepts are somewhat different and it wont clash :) Title: Re: Bitcoin Idea - My next step Post by: Zooey on April 06, 2014, 08:52:45 AM Wait a sec, are you suggesting there's a demand for Ponzi/pyramid schemes? .... huh? :o Title: Re: Bitcoin Idea - My next step Post by: zolace on April 06, 2014, 02:29:47 PM Wait a sec, are you suggesting there's a demand for Ponzi/pyramid schemes? .... huh? :o Unrealistic ideas and dreams, you need to have a good plan. Must know marketing. Title: Re: Bitcoin Idea - My next step Post by: JunkieMiner on April 06, 2014, 05:56:21 PM Bitcoin can give you the freedom not only to dream ;)
Title: Re: Bitcoin Idea - My next step Post by: Phinnaeus Gage on April 09, 2014, 02:58:51 AM Preface: I'm a developer and as a developer I always dreamt of building interesting software business. But sadly I never got support from the bank to move forward with my plan. Now, Bitcoin has given me the freedom to dream again. I wish much more wider acceptance of Bitcoin in coming days. Failure: My first Bitcoin project was a gambling game (www.100bit.co.in). Inspired by the success of SatoshiBet, PrimeDice etc. I chalked out a plan. I proposed the idea on the board and found a lot of people showing interest to the basic concept of a gambling on blockchain.info data (ref: https://bitcointalk.org/index.php?topic=455724.0). Today was the last day of the game and if you look at the game thread (https://bitcointalk.org/index.php?topic=471521.0), u'll instantly figure out that I was a failure in this project. Learning: A lot of people can risk 0.01 BTC, but there should be an assured way for everyone of them to win back the bitcoin with profit. That is the reason Ponzi games are so successful over gambling ones !!! One of the participants in the game even mentioned it (https://bitcointalk.org/index.php?topic=471521.msg5287264#msg5287264) Upcoming Project: I am planning to build a bitcoin club on www.100bit.co.in with the membership model in referral commission distribution. The club will have multiple online services, but membership will be on referral basis and referral commission will be distributed in the upward chain. Following is what I have decided as of yet. Membership: n BTC Direct commission to referrer: x% Indirect commission distributed in the upward chain: y% Like the previous project, I want all of your feedback on this idea too. Can it take off ? It sure does read similar to what I started developing 6 days earlier: https://bitcointalk.org/index.php?topic=517758.0 http://uberkoin.com/ (reverting to http://uberqoin.com/ once in beta) Hi Bruno... I just read about your project. I think our concepts are somewhat different and it wont clash :) Thanks for the reply, bud. Good luck with your venture. ~Bruno Kucinskas Title: Re: Bitcoin Idea - My next step Post by: newIndia on April 12, 2014, 10:47:50 AM Wait a sec, are you suggesting there's a demand for Ponzi/pyramid schemes? .... huh? :o Unrealistic ideas and dreams, you need to have a good plan. Must know marketing. It is funny to see people throw away comments without reading the thread just to boost their garbage post count, where they'll be paid for constructive post. Dont be hypocrite !!! Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on April 15, 2014, 04:21:54 PM This is let u know that our demo of static pages is almost ready and the community will soon get a sneak peak for the same...
Title: Re: Bitcoin Idea - My next step Post by: 100bitcoin on July 29, 2014, 10:07:38 AM This is let u know that our demo of static pages is almost ready and the community will soon get a sneak peak for the same... Sorry for the delay. You may get to check the basic UI with representing the functionalities at www.100bit.co.in/demo/ Title: Re: Sneak Peek of an Upcoming Exchange Post by: franky1 on July 29, 2014, 04:34:39 PM im sorry but after 4 months work your 'skeleton' UI looks weak.
i don't recommend anyone using it at all. i smell security weaknesses and potential for loss at every click. if you are silly enough to sign up. do not use an email address you us for other exchanges and DEFINITELY not the passwords you usually use. many "coming soon" websites are made purely to gather login details in the hope to find one fool that also uses it on another exchange that is funded. or to atleast gather emails to spam you with scams. Title: Re: Sneak Peek of an Upcoming Exchange Post by: Remember remember the 5th of November on July 29, 2014, 04:36:08 PM im sorry but after 4 months work your 'skeleton' UI looks weak. Really? Speak for yourself, you don't even know the meaning of a capital letter. Don't expect people to take you seriously either.i don't recommend anyone using it at all. i smell security weaknesses and potential for loss at every click. if you are silly enough to sign up. do not use an email address you us for other exchanges and DEFINITELY not the passwords you usually use. many "coming soon" websites are made purely to gather login details in the hope to find one fool that also uses it on another exchange that is funded. or to atleast gather emails to spam you with scams. Title: Re: Sneak Peek of an Upcoming Exchange Post by: franky1 on July 29, 2014, 04:38:26 PM im sorry but after 4 months work your 'skeleton' UI looks weak. Really? Speak for yourself, you don't even know the meaning of a capital letter. Don't expect people to take you seriously either.i don't recommend anyone using it at all. i smell security weaknesses and potential for loss at every click. if you are silly enough to sign up. do not use an email address you us for other exchanges and DEFINITELY not the passwords you usually use. many "coming soon" websites are made purely to gather login details in the hope to find one fool that also uses it on another exchange that is funded. or to atleast gather emails to spam you with scams. if the only knit-pick you can find about me is my grammar, then im not worried. as im not asking people to give me their details or funds, have a nice day. Title: Re: Bitcoin Idea - My next step Post by: DutchDemon on July 29, 2014, 04:44:55 PM This is let u know that our demo of static pages is almost ready and the community will soon get a sneak peak for the same... Sorry for the delay. You may get to check the basic UI with representing the functionalities at www.100bit.co.in/demo/ Nice functionalities. Looking forward to the final release... Title: Re: Sneak Peek of an Upcoming Exchange Post by: RocketSingh on July 29, 2014, 09:38:32 PM im sorry but after 4 months work your 'skeleton' UI looks weak. i don't recommend anyone using it at all. i smell security weaknesses and potential for loss at every click. if you are silly enough to sign up. do not use an email address you us for other exchanges and DEFINITELY not the passwords you usually use. many "coming soon" websites are made purely to gather login details in the hope to find one fool that also uses it on another exchange that is funded. or to atleast gather emails to spam you with scams. IMHO UI does not reflect security of a website. It is just a mask to attract customers. Title: Re: Sneak Peek of an Upcoming Exchange Post by: turvarya on July 30, 2014, 12:28:59 PM im sorry but after 4 months work your 'skeleton' UI looks weak. i don't recommend anyone using it at all. i smell security weaknesses and potential for loss at every click. if you are silly enough to sign up. do not use an email address you us for other exchanges and DEFINITELY not the passwords you usually use. many "coming soon" websites are made purely to gather login details in the hope to find one fool that also uses it on another exchange that is funded. or to atleast gather emails to spam you with scams. IMHO UI does not reflect security of a website. It is just a mask to attract customers. So, when they are not able to get the second right, what makes you think, they got the first right? Trust? Title: Re: Sneak Peek of an Upcoming Exchange Post by: franky1 on July 30, 2014, 01:12:45 PM franky1 has a point here. A good security is way harder to establish than a decent UI. So, when they are not able to get the second right, what makes you think, they got the first right? Trust? cha ching, this guy gets it. making a front end look good is simply, and fast to do. but to make a secure backend takes ALOT of effort. so if the site owner is LAZY with the front end, then dont expect detailed and thoroughly checked and robust code behind the scenes Title: Re: Sneak Peek of an Upcoming Exchange Post by: RocketSingh on July 30, 2014, 01:23:04 PM franky1 has a point here. A good security is way harder to establish than a decent UI. So, when they are not able to get the second right, what makes you think, they got the first right? Trust? cha ching, this guy gets it. making a front end look good is simply, and fast to do. but to make a secure backend takes ALOT of effort. so if the site owner is LAZY with the front end, then dont expect detailed and thoroughly checked and robust code behind the scenes I beg to differ u on this. If u have heard of a scam site called oilrigcontractors.com (now down), they had a superb UI. I have also seen a lot other top level scams sporting superb UI. UI has really nothing to do with site security. Moreover excessive use of JS for beautification makes a site vulnerable to XSS attack. BTC-e also sports a weak UI, but that does not make them an insecure site. Title: Re: Sneak Peek of an Upcoming Exchange Post by: franky1 on July 30, 2014, 01:34:07 PM franky1 has a point here. A good security is way harder to establish than a decent UI. So, when they are not able to get the second right, what makes you think, they got the first right? Trust? cha ching, this guy gets it. making a front end look good is simply, and fast to do. but to make a secure backend takes ALOT of effort. so if the site owner is LAZY with the front end, then dont expect detailed and thoroughly checked and robust code behind the scenes I beg to differ u on this. If u have heard of a scam site called oilrigcontractors.com (now down), they had a superb UI. I have also seen a lot other top level scams sporting superb UI. UI has really nothing to do with site security. Moreover excessive use of JS for beautification makes a site vulnerable to XSS attack. BTC-e also sports a weak UI, but that does not make them an insecure site. thats my point though. if scammers can make a good UI, and do it in days. then any slap-dash coded UI should be put on a lower trust rating than a scammer.. although this MLM is also a scam, which makes it the low of the low of the low in trust rating.. so as i said, screw it ill just quote it im sorry but after 4 months work your 'skeleton' UI looks weak. i don't recommend anyone using it at all. i smell security weaknesses and potential for loss at every click. if you are silly enough to sign up. do not use an email address you us for other exchanges and DEFINITELY not the passwords you usually use. many "coming soon" websites are made purely to gather login details in the hope to find one fool that also uses it on another exchange that is funded. or to atleast gather emails to spam you with scams. as for btc-e having a weak UI.. excuse me. they have managed to have the trading, the login, the chat, the tradepairs all there, right on the 'homepage' and also keep it secure. not sure where your calling btc-e weak. im not talking about glamour with shiny GIF's im talking about sloppy basic code, feature lacking on a front end. BTC-E does not have sloppy code, but this MLM does. im now worried more about why your defending an obvious MLM scam. Title: Re: Sneak Peek of an Upcoming Exchange Post by: RocketSingh on July 30, 2014, 02:32:59 PM franky1 has a point here. A good security is way harder to establish than a decent UI. So, when they are not able to get the second right, what makes you think, they got the first right? Trust? cha ching, this guy gets it. making a front end look good is simply, and fast to do. but to make a secure backend takes ALOT of effort. so if the site owner is LAZY with the front end, then dont expect detailed and thoroughly checked and robust code behind the scenes I beg to differ u on this. If u have heard of a scam site called oilrigcontractors.com (now down), they had a superb UI. I have also seen a lot other top level scams sporting superb UI. UI has really nothing to do with site security. Moreover excessive use of JS for beautification makes a site vulnerable to XSS attack. BTC-e also sports a weak UI, but that does not make them an insecure site. thats my point though. if scammers can make a good UI, and do it in days. then any slap-dash coded UI should be put on a lower trust rating than a scammer.. although this MLM is also a scam, which makes it the low of the low of the low in trust rating.. so as i said, screw it ill just quote it im sorry but after 4 months work your 'skeleton' UI looks weak. i don't recommend anyone using it at all. i smell security weaknesses and potential for loss at every click. if you are silly enough to sign up. do not use an email address you us for other exchanges and DEFINITELY not the passwords you usually use. many "coming soon" websites are made purely to gather login details in the hope to find one fool that also uses it on another exchange that is funded. or to atleast gather emails to spam you with scams. as for btc-e having a weak UI.. excuse me. they have managed to have the trading, the login, the chat, the tradepairs all there, right on the 'homepage' and also keep it secure. not sure where your calling btc-e weak. im not talking about glamour with shiny GIF's im talking about sloppy basic code, feature lacking on a front end. BTC-E does not have sloppy code, but this MLM does. im now worried more about why your defending an obvious MLM scam. U have a misconception that MLM = SCAM. Let me tell u that MLM structure of payment to its users which has legit businesses model is absolutely legal. People always confuse MLM with Ponzi as Ponzi also plays on the Pyramid model. But Ponzi pay new investor with old investor's money, whereas MLM pays its marketeers for every new sale where part goes to the direct seller and rest gets distributed in the chain of marketeers by which the end marketeer is attached to the company. By the way, I wont be defending a business if there's a slightest hint of scam. But calling a business scam before its launch, while it is quite open about its business model is pure unjust. I'm not one of those who'll bang their heads on wall to get Amazon or Ebay to accept Bitcoin. Rather I'd like to see pure Bitcoin companies coming up to create a true Bitcoin ecosystem. If u like BTC-e UI that is your call. But, accept it or not, compared to CoinBase UI BTC-e is nothing. Title: Re: Sneak Peek of an Upcoming Exchange Post by: Remember remember the 5th of November on July 30, 2014, 10:09:02 PM im sorry but after 4 months work your 'skeleton' UI looks weak. i don't recommend anyone using it at all. i smell security weaknesses and potential for loss at every click. if you are silly enough to sign up. do not use an email address you us for other exchanges and DEFINITELY not the passwords you usually use. many "coming soon" websites are made purely to gather login details in the hope to find one fool that also uses it on another exchange that is funded. or to atleast gather emails to spam you with scams. IMHO UI does not reflect security of a website. It is just a mask to attract customers. So, when they are not able to get the second right, what makes you think, they got the first right? Trust? Also, not everybody has the aptitude to be an artist. Designing is very difficult, very. It requires creativity, abstractness, some people do not have these qualities. Title: Re: Sneak Peek of an Upcoming Exchange Post by: DannyHamilton on July 30, 2014, 10:21:27 PM Everybody said Satoshi's coding skills were not that great They weren't. you trusted him did you not? Absolutely not! Where did you get the idea that any of the early adopters trusted Satoshi? The code is Open Source for a reason. It allows talented and knowledgeable programmers to look at the code and discover (and fix) any weaknesses. It allows individuals to determine for themselves if the code will work properly, instead of trusting that it will do what the original designer says they intended for it to do. Your argument is invalid. In what way? Also, not everybody has the aptitude to be an artist. There is a difference between being an artist and making a reasonable effort with reasonable skill. Designing is very difficult, very. And security is also VERY difficult. The difference is that nobody loses their identity or life savings to a poor aesthetic. It requires creativity, abstractness, some people do not have these qualities. Then why would they be trying to create something that requires those qualities. If you are serious about running a business, then you either need to ahve the skills, or you need to hire people that have the skills. If you can't make a reasonable effort with reasonable skill, and you don't bring in someone that can, then why should I believe that you did anything else properly at all? Title: Re: Sneak Peek of an Upcoming Exchange Post by: Remember remember the 5th of November on July 30, 2014, 10:25:11 PM Everybody said Satoshi's coding skills were not that great They weren't. you trusted him did you not? Absolutely not! Where did you get the idea that any of the early adopters trusted Satoshi? As for creativity, here's an app I created for Android, https://bitcointalk.org/index.php?topic=101612.0. There was no way for me to create a better UI, I just simply can't, not because if technical difficulties, but because of said aptitude, I am not a creative person. Title: Re: Sneak Peek of an Upcoming Exchange Post by: DannyHamilton on July 30, 2014, 11:07:39 PM Think about it a bit, Satoshi may or may not have all those millions of coins(I am also aware that he may have destroyed the private keys, but we can't know), that's a lot of money, especially when the price hits new ATHs. You are/will be trusting him that he doesn't dump them. Why would he destroy his creation? I am not saying he will, just saying, you trust him not to do it. No, I don't. He is welcome to dump those coins anytime he likes. The exchange rate may come down to record low values, and I'll buy up a bunch of really cheap bitcoins. I'm actually hoping he dumps them. As for creativity, here's an app I created for Android, https://bitcointalk.org/index.php?topic=101612.0. There was no way for me to create a better UI, I just simply can't, not because if technical difficulties, but because of said aptitude, I am not a creative person. And as a hobby project for yourself, it's fine. But I wouldn't pay any of my money for it, and unless I can download , review, and compile the source code for myself I wouldn't trust it on my device. Title: Re: Sneak Peek of an Upcoming Exchange Post by: serje on July 31, 2014, 02:22:11 PM Oh mate ... long time no see ... But I see you did something interesting .... let's hope this one will work out perfectly!
Title: Re: Sneak Peek of an Upcoming Exchange Post by: iluvpie60 on July 31, 2014, 08:57:59 PM Update July 19, 2014: Pre-Registration has begun. Visit www.100bit.co.in. There is a demo with a skeleton UI without DB connection. Update April 5, 2014: Project Development Thread: https://bitcointalk.org/index.php?topic=558065.0 Preface: I'm a developer and as a developer I always dreamt of building interesting software business. But sadly I never got support from the bank to move forward with my plan. Now, Bitcoin has given me the freedom to dream again. I wish much more wider acceptance of Bitcoin in coming days. Failure: My first Bitcoin project was a gambling game (www.100bit.co.in). Inspired by the success of SatoshiBet, PrimeDice etc. I chalked out a plan. I proposed the idea on the board and found a lot of people showing interest to the basic concept of a gambling on blockchain.info data (ref: https://bitcointalk.org/index.php?topic=455724.0). Today was the last day of the game and if you look at the game thread (https://bitcointalk.org/index.php?topic=471521.0), u'll instantly figure out that I was a failure in this project. Learning: A lot of people can risk 0.01 BTC, but there should be an assured way for everyone of them to win back the bitcoin with profit. That is the reason Ponzi games are so successful over gambling ones !!! One of the participants in the game even mentioned it (https://bitcointalk.org/index.php?topic=471521.msg5287264#msg5287264) Upcoming Project: I am planning to build a bitcoin club on www.100bit.co.in with the membership model in referral commission distribution. The club will have multiple online services, but membership will be on referral basis and referral commission will be distributed in the upward chain. Following is what I have decided as of yet. Membership: n BTC Direct commission to referrer: x% Indirect commission distributed in the upward chain: y% Like the previous project, I want all of your feedback on this idea too. Can it take off ? I hope you realize actual pyramid schemes are illegal in most countries and they can actually prosecute you, regardless of how it is structured. There are loopholes obviously because some companies still exist(mainly in sales) and get away with it. But they had DAMN good lawyers. Title: Re: Sneak Peek of an Upcoming Exchange Post by: 100bitcoin on January 13, 2015, 02:38:25 PM Happy New Year bitcoiners :)
A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community... www.100bit.co.in Title: Re: Sneak Peek of an Upcoming Exchange Post by: RocketSingh on January 13, 2015, 03:36:47 PM Happy New Year bitcoiners :) A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community... www.100bit.co.in Nice to see that you are still at work. Very few projects I have seen in BitcoinTalk that they announced months ago and ultimately delivered the end product. Probably Trezor was the longest running in this category, it took around 2 years to deliver after the announcement. Title: Re: Sneak Peek of an Upcoming Exchange Post by: Victor Beckham on January 13, 2015, 09:57:41 PM Happy New Year bitcoiners :) A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community... www.100bit.co.in Seems this is going to be the first exchange offering direct trade of alt coins. Till date localbitcoins and a few others were offering it for bitcoin only. Will be looking forward for the launch... Title: Re: Sneak Peek of an Upcoming Exchange Post by: Gleb Gamow on January 14, 2015, 04:17:54 AM Quote Global brands those are accepting bitcoin... Not tryin' to be a Grammar Nazi (https://www.youtube.com/watch?v=N4vf8N6GpdM), bud, but change "those" to "that". Or, better yet: Global brands currently accepting bitcoin... (and please don't ask me how brands are able to accept anything being that in essence they are inanimate objects ::)) Title: Re: Sneak Peek of an Upcoming Exchange Post by: Gleb Gamow on January 14, 2015, 04:26:51 AM Quote Registrant Contact Information: Name: Hundred Bitcoin Address 1: Coin Land City: City of Coin State: GA Zip: 400001 Country: IN Phone: +91.9999999999 Email: Email Masking Image@100bit.co.in Administrative Contact Information: Name: Hundred Bitcoin Address 1: Coin Land City: City of Coin State: GA Zip: 400001 Country: IN Phone: +91.9999999999 Email: Email Masking Image@100bit.co.in Technical Contact Information: Name: Hundred Bitcoin Address 1: Coin Land City: City of Coin State: GA Zip: 400001 Country: IN Phone: +91.9999999999 Email: Email Masking Image@100bit.co.in I also suggest either obfuscate the info or supply actual data (doesn't mater which), for the above doesn't cut it. Title: Re: Sneak Peek of an Upcoming Exchange Post by: Nagle on January 14, 2015, 04:50:52 AM Another scumbag/flake exchange. Do not need. Do not want.
Title: Re: Sneak Peek of an Upcoming Exchange Post by: 100bitcoin on January 14, 2015, 11:01:45 AM Quote Global brands those are accepting bitcoin... Not tryin' to be a Grammar Nazi (https://www.youtube.com/watch?v=N4vf8N6GpdM), bud, but change "those" to "that". Or, better yet: Global brands currently accepting bitcoin... (and please don't ask me how brands are able to accept anything being that in essence they are inanimate objects ::)) Done... thanx for pointing out Quote Registrant Contact Information: Name: Hundred Bitcoin Address 1: Coin Land City: City of Coin State: GA Zip: 400001 Country: IN Phone: +91.9999999999 Email: Email Masking Image@100bit.co.in Administrative Contact Information: Name: Hundred Bitcoin Address 1: Coin Land City: City of Coin State: GA Zip: 400001 Country: IN Phone: +91.9999999999 Email: Email Masking Image@100bit.co.in Technical Contact Information: Name: Hundred Bitcoin Address 1: Coin Land City: City of Coin State: GA Zip: 400001 Country: IN Phone: +91.9999999999 Email: Email Masking Image@100bit.co.in I also suggest either obfuscate the info or supply actual data (doesn't mater which), for the above doesn't cut it. We actually want to operate under real identity, but planning to come out with some proper media coverage. Current data is just a dump for as long as we are testing... Another scumbag/flake exchange. Do not need. Do not want. Criticism is always welcome. But it would have been better if u do some constructive criticism. After so many scams, it is no wonder that people will wary about a new business in bitcoin, but at the same time it is also disheartening to see that you are calling something outright scam that we are working on for almost a year. I'd rather like to know, why do you think it is a scam and what would convince you that it is real ? Title: Re: Sneak Peek of an Upcoming Exchange Post by: Nagle on January 15, 2015, 03:47:21 AM We actually want to operate under real identity, but planning to come out with some proper media coverage. Current data is just a dump for as long as we are testing... You lied about your business identity. You got caught. You don't get to handle the money of others.Another scumbag/flake exchange. Do not need. Do not want. Criticism is always welcome. But it would have been better if u do some constructive criticism. After so many scams, it is no wonder that people will wary about a new business in bitcoin, but at the same time it is also disheartening to see that you are calling something outright scam that we are working on for almost a year. I'd rather like to know, why do you think it is a scam and what would convince you that it is real ? Title: Re: Sneak Peek of an Upcoming Exchange Post by: flipstyle on January 15, 2015, 04:26:01 AM '.co.in'
Seems legit. Title: Re: Sneak Peek of an Upcoming Exchange Post by: fenican on January 15, 2015, 04:30:41 AM Obvious scam. No exchange charges you money to join.
Title: Re: Sneak Peek of an Upcoming Exchange Post by: 100bitcoin on January 15, 2015, 10:47:35 AM We actually want to operate under real identity, but planning to come out with some proper media coverage. Current data is just a dump for as long as we are testing... You lied about your business identity. You got caught. You don't get to handle the money of others.Another scumbag/flake exchange. Do not need. Do not want. Criticism is always welcome. But it would have been better if u do some constructive criticism. After so many scams, it is no wonder that people will wary about a new business in bitcoin, but at the same time it is also disheartening to see that you are calling something outright scam that we are working on for almost a year. I'd rather like to know, why do you think it is a scam and what would convince you that it is real ? Where did we lie ? We simply did not put up any personal details. Moreover, we are not yet launched. Check the whois history of bitcoin.org. Do you think Satoshi was lying or he just did not want to put up his personal details ? There are millions of similar example from legitimate companies. '.co.in' Seems legit. Does .co.uk seems illegitimate to u ? According to you www.google.co.in must be a scam as well !!! Obvious scam. No exchange charges you money to join. AFAIK, no exchange offers you fixed cost for all amount of trade either. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on March 09, 2015, 12:04:36 PM If you are looking for an early access, please PM us...
Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: Victor Beckham on March 09, 2015, 07:54:00 PM Looks pretty good. A direct exchange for Bitcoin, Alt Coins & FIAT together was indeed needed...
Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: manselr on March 09, 2015, 09:59:33 PM Can you sum up the differences between this and a regular solid exchange like Poloniex? I dont see why I should move my funds to there.
Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: oblivi on March 09, 2015, 11:21:42 PM Can you sum up the differences between this and a regular solid exchange like Poloniex? I dont see why I should move my funds to there. It says "the exchange allows for direct exchange of BTC and altcoins against fiat directly with users". I don't know if OP means this is an actua lp2p exchange or what.Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on March 09, 2015, 11:27:01 PM Can you sum up the differences between this and a regular solid exchange like Poloniex? I dont see why I should move my funds to there. 1. Poloniex is a real-time exchange like Bitstamp, whereas 100bit.co.in is direct trading exchange like LocalBitcoins, though it allows Alt coin trading as well. 2. 100bit.co.in does not require your fund to stay deposited with the site. So, in case of any security breach, there is no chance that your fund will get affected, unless you have a live trade exactly at that time. 3. 100bit.co.in trading fee is same for all volume of trade. It is 0.001 BTC flat for each trade. 4. 100bit.co.in is an invitation only exchange. It requires a referral & 0.01 BTC to join 100bit.co.in. An user earns 0.003 BTC from each referral joining. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: bf4btc on March 10, 2015, 12:06:50 AM Can you sum up the differences between this and a regular solid exchange like Poloniex? I dont see why I should move my funds to there. 1. Poloniex is a real-time exchange like Bitstamp, whereas 100bit.co.in is direct trading exchange like LocalBitcoins, though it allows Alt coin trading as well. 2. 100bit.co.in does not require your fund to stay deposited with the site. So, in case of any security breach, there is no chance that your fund will get affected, unless you have a live trade exactly at that time. 3. 100bit.co.in trading fee is same for all volume of trade. It is 0.001 BTC flat for each trade. 4. 100bit.co.in is an invitation only exchange. It requires a referral & 0.01 BTC to join 100bit.co.in. An user earns 0.003 BTC from each referral joining. Besides the fee and having to refer someone which is odd,, it sounds like you have done a good job with this exchange if i am honest. Do you have many people trading now or is it still slow ? I probably should take a look but you put me off with a sign up fee and have to get a referral. The trading fee suits a big trader won't be surprised if you get some in future if you have not already.. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on March 10, 2015, 02:27:55 PM Besides the fee and having to refer someone which is odd,, it sounds like you have done a good job with this exchange if i am honest. Thank you... Do you have many people trading now or is it still slow ? I probably should take a look but you put me off with a sign up fee and have to get a referral. Honestly, we have very low volume right now as we have sent invitation to very few people as of yet. But, many are asking for invitation to join the platform and hence we have decided to put on a referral publicly very soon... The trading fee suits a big trader won't be surprised if you get some in future if you have not already.. You guessed it right. There are few big trader on board. But, I am not sure, how many countries they'll cover. We would love to see people from various countries dealing with different currencies & cryptocurrencies... Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: Warren Buffet on March 10, 2015, 09:51:43 PM Volume does not come overnight. Provide a steady and consistent service. Volume will automatically follow you. LocalBitcoins is the only tall player in the direct trading niche and there are lot to be done in this sector. Try to explore the unexplored zones, e.g. parts of Asia and Africa. GooD Luck :)
Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on March 10, 2015, 10:28:30 PM Thank you everyone for showing interest. Now, anyone of you can join www.100bit.co.in using the referral code root. OP is updated as well. Feel free to PM us to report any issue...
Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: RocketPie on March 11, 2015, 09:41:19 AM Thank you everyone for showing interest. Now, anyone of you can join www.100bit.co.in using the referral code root. OP is updated as well. Feel free to PM us to report any issue... Looks good. LocalBitcoins is enjoying monopoly for long. An alternative like this with Alt Coin support was indeed required... Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: koelen3 on March 11, 2015, 09:52:55 AM Interesting. An altcoin exchange
It's also good that we have 0.01 entering fees , like an affiliate program. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on March 11, 2015, 07:54:24 PM Interesting. An altcoin exchange It's also good that we have 0.01 entering fees , like an affiliate program. It is not only an Alt Coin exchange, but also a Bitcoin one :) If you are an active trader, you may join here free. Apply here => https://bitcointalk.org/index.php?topic=985796.0 Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: dothebeats on March 11, 2015, 07:59:12 PM Wait wait wait. Am I correct on seeing this texts?
Quote Cost of joining the platform is 0.01 BTC. Exchange cost per trade is 0.001 BTC. You charge everyone 0.001 PER TRADE? And before anyone could use the platform, there is also a 0.01 btc fee? Hmmm. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: maku on March 11, 2015, 08:16:17 PM www.100bit.co.in/?ref_id=root 100bit.co.in provides a platform to buyers and sellers to directly exchange FIAT and Alt coins with each other against bitcoin. Cost of joining the platform is 0.01 BTC. Exchange cost per trade is 0.001 BTC. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: Albert Hamilton on March 12, 2015, 03:37:25 PM Wait wait wait. Am I correct on seeing this texts? Quote Cost of joining the platform is 0.01 BTC. Exchange cost per trade is 0.001 BTC. You charge everyone 0.001 PER TRADE? And before anyone could use the platform, there is also a 0.01 btc fee? Hmmm. Yah... what u r seeing seems correct and I dont see what is bad in it !!! Normal trade cost on different exchanges in 1%. Now, 0.001 BTC is 1% of 0.1 BTC, which is quite a low trade value for an average trader. So, a flat rate of 0.001 BTC is beneficial for traders in my opinion. Moreover, from each referral one can earn 0.003 BTC. So, with 4 referral, one user can easily cover the 0.01 BTC spent for joining. So, could u please explain which part appeared wrong to you ? Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: Gleb Gamow on March 12, 2015, 03:48:02 PM Thank you everyone for showing interest. Now, anyone of you can join www.100bit.co.in using the referral code root. OP is updated as well. Feel free to PM us to report any issue... Quote How do I join 100bit.co.in ? For now, 100bit.co.in is an invitation only system. You can only join, if an existing user invites you with his referral link. Joining cost is only 0.01 BTC. Heads up, bud. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on March 12, 2015, 05:43:48 PM www.100bit.co.in/?ref_id=root 100bit.co.in provides a platform to buyers and sellers to directly exchange FIAT and Alt coins with each other against bitcoin. Cost of joining the platform is 0.01 BTC. Exchange cost per trade is 0.001 BTC. Probably entry fee is being first introduced by 100bit.co.in. By referring other users, u may earn 0.003 BTC per referral joining. Thank you everyone for showing interest. Now, anyone of you can join www.100bit.co.in using the referral code root. OP is updated as well. Feel free to PM us to report any issue... Quote How do I join 100bit.co.in ? For now, 100bit.co.in is an invitation only system. You can only join, if an existing user invites you with his referral link. Joining cost is only 0.01 BTC. Heads up, bud. Thanks Bruno. But, you see, this is still an invitation. We are inviting BitcoinTalk users to join through root and they can use their referrals to invite others... Please let us know if you would like to test the platform. :) Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: cryptworld on March 12, 2015, 10:57:56 PM I think that noone with a bit of experience in bitcoin world would use this exchange
Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on March 13, 2015, 04:55:26 AM I think that noone with a bit of experience in bitcoin world would use this exchange Care to explain why do u think so ? Is it because of the initial joining fee ? Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: uglybird on March 13, 2015, 02:09:44 PM After months of work we are close to release this product. Those who are interested, may join through the following link. Your feedback is important to us... www.100bit.co.in/?ref_id=root 100bit.co.in provides a platform to buyers and sellers to directly exchange FIAT and Alt coins with each other against bitcoin. Cost of joining the platform is 0.01 BTC. Exchange cost per trade is 0.001 BTC. https://i.imgur.com/TwWmtEZ.png (http://www.100bit.co.in/?ref_id=root) Please note that, right now, we have very low or almost zero volume. Also https is not yet implemented... To be honest, the interface is poorly set up. When I look at it, I feel no life. Bitcoin is life, so you need to put some life on your page. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: futurecomes.com on April 01, 2015, 05:33:35 PM Hi guys,
Took a look at 100bit.co.in (http://100bit.co.in) Cheers to @100bitcoin and to the platform itself! Shamelessly joining the previous speaker - guys, the interface really deserves better. I now turn to the concrete issue. I represent the outsource web development group - futurecomes.com (http://futurecomes.com). We specialize in turnkey complex web development, also we can modify, configure, re-brand and improve already existing web projects to help their owners take their business to the new high level. Addressing to your platform, if you ever thought of making your interface more intuitive and functional with clear aesthetic design, we're right here to help. Also, if your project needs some extra development services, just let us know. If you just want to talk - you're very welcome ;) We are open to any questions. Carine futurecomes.com (http://futurecomes.com) Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on April 02, 2015, 12:42:41 PM We have done some changes in the platform. You are now free to join. If you face any problem, feel free to report here...
Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: Warren Buffet on April 02, 2015, 10:41:48 PM We have done some changes in the platform. You are now free to join. If you face any problem, feel free to report here... What are the advantages or key features of this exchange ? Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: 100bitcoin on April 03, 2015, 09:44:01 PM We have done some changes in the platform. You are now free to join. If you face any problem, feel free to report here... What are the advantages or key features of this exchange ? 1. Does not require bitcoin to stay deposited in the site. User deposits at the time of trading. 2. Bitcoin can be traded against both FIAT & Alt coins. 3. Trading cost 0.1% of the trade amount. Title: Re: Sneak Peek of an Upcoming Exchange - Feedback required Post by: Warren Buffet on April 10, 2015, 12:43:00 PM We have done some changes in the platform. You are now free to join. If you face any problem, feel free to report here... What are the advantages or key features of this exchange ? 1. Does not require bitcoin to stay deposited in the site. User deposits at the time of trading. 2. Bitcoin can be traded against both FIAT & Alt coins. 3. Trading cost 0.1% of the trade amount. +1 Will surely give it a try... Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on April 14, 2015, 05:34:42 PM Currently Bug bounty is going on our system, i.e. if you can find a bug, you will be paid for it.
Details: https://bitcointalk.org/index.php?topic=1012209.0 Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: RocketSingh on April 15, 2015, 11:23:31 AM Currently Bug bounty is going on our system, i.e. if you can find a bug, you will be paid for it. Details: https://bitcointalk.org/index.php?topic=1012209.0 +1 I see future in this project. Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on June 01, 2015, 11:05:19 PM After more than a month of public testing 100bit.co.in is now ready for mass usage.
Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on June 02, 2015, 05:09:19 PM Thank you everyone for joining. We do understand that the volume is low. Hopefully it will go up in time. If you want to spread the word about 100bit.co.in, you might like to wear the following signature...
100bit.co.in - Direct trading platform - 0.1% fee - Alt Coins supported (http://www.100bit.co.in) Code: [center][b][size=15pt][url=http://www.100bit.co.in][color=red]100[/color][color=orange]bit[/color][color=black].[/color][color=green]co[/color][color=black].[/color][color=blue]in[/color] [color=black]- Direct trading platform - 0.1% fee - Alt Coins supported[/color][/url][/size][/b][/center] Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: RocketSingh on June 03, 2015, 01:05:31 PM Running a sig campaign is a better option in my opinion.
Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on June 04, 2015, 04:42:41 PM Running a sig campaign is a better option in my opinion. Thanks for the suggestion. We have started a sig campaign here => https://bitcointalk.org/index.php?topic=1079681.0 Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: RocketSingh on June 07, 2015, 05:34:37 PM I'd like to know other 100bit.co.in traders on BitcoinTalk. If you are reading this... u may counter post against this or PM.
Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: Victor Beckham on June 08, 2015, 11:30:28 PM I'd like to know other 100bit.co.in traders on BitcoinTalk. If you are reading this... u may counter post against this or PM. I'm trading against GBP on 100bit.co.in. Which currency you are trading on ? Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: RocketSingh on June 14, 2015, 11:05:39 AM I'd like to know other 100bit.co.in traders on BitcoinTalk. If you are reading this... u may counter post against this or PM. I'm trading against GBP on 100bit.co.in. Which currency you are trading on ? I'm trading against INR. Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: Victor Beckham on June 20, 2015, 11:49:28 AM I'd like to know other 100bit.co.in traders on BitcoinTalk. If you are reading this... u may counter post against this or PM. I'm trading against GBP on 100bit.co.in. Which currency you are trading on ? I'm trading against INR. How is the volume against INR ? Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: Warren Buffet on June 23, 2015, 11:03:02 PM I used this exchange for some small trade... overall satisfied. I like the feature of not having a site wallet. This reduces risk a lot at our end.
Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: RocketSingh on July 01, 2015, 11:49:01 PM I'd like to know other 100bit.co.in traders on BitcoinTalk. If you are reading this... u may counter post against this or PM. I'm trading against GBP on 100bit.co.in. Which currency you are trading on ? I'm trading against INR. How is the volume against INR ? Still low. But, slowly gaining momentum. Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: 100bitcoin on July 18, 2015, 06:48:28 PM Slowly, we are seeing rise in volume agaist different currencies. Hopefully, this will continue.
Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: RocketSingh on July 20, 2015, 11:05:58 PM Slowly, we are seeing rise in volume agaist different currencies. Hopefully, this will continue. Try to get into the area where LocalBitcoins has not penetrated yet. Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: hoop on July 21, 2015, 12:59:06 PM min trade 0.007 ???
Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: Albert Hamilton on July 22, 2015, 12:01:42 PM min trade 0.007 ??? 0.007 BTC is equivalent to 1.94 USD at current market rate. I think that is low enough for any serious trade to take place. Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: RocketSingh on July 29, 2015, 09:16:33 AM Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: 100bitcoin on August 05, 2015, 05:59:27 PM min trade 0.007 ??? Yah. As we operate directly on the blockchain, we do not allow dust Tx. Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: Victor Beckham on September 19, 2015, 09:37:03 PM Dont have any update for long. Is this project dead ?
Title: Re: 100bit.co.in - Direct trading exchange - 0.1% fee - Alt coins supported Post by: 100bitcoin on September 22, 2015, 06:48:22 PM Dont have any update for long. Is this project dead ? Trading is on against certain currencies. We are working on few issues as well. A bigger and better version is coming soon. :) |
