Bitcoin Forum

Funding closed, project proceeding as planned

Lol, why a new thread?  What's wrong with the old one?  https://bitcointalk.org/index.php?topic=583262.0
*Hope the pic you used on your commercial site is paid for/royalty free.
P.S:  Have your mom prof your next prospectus/pitch deck.

http://s29.postimg.org/a6oopj7pz/mimex.jpg

This thread is the new official thread. Mimex-PR shall now be handling all inquiries. I shall be avoiding bitcointalk myself.

Lol welcome to Bitcointalk, Mimex_PR!  Are you one of the new clean socks I suggested for MrWDunne?  Don't fib now...

Didn't you already attempt an initial offering?  How is this new?

Hello Mimex_PR, my name is IPO Magic.  WTF were our parents thinking, amirite?
Anyhow bro, don't get used to free business tips, but i'll point you in the right direction.

While it's nice to hear that "a large proportion of shares must be sold cheaply" and "share price will rise immediately upon launch," it's also helpful to mention stuff like:

-What do these shares represent?  Stock in your firm?  "Share of the profits" (de facto bitcoin standard)?  Make something up--be creative!
-What is the total number of shares issued.
-Will you issue more?
-Pay some lip service to not selling to US persons--you're issuing unregistered securities, just like real grownups!
-Tell us your age, your previous experience in managing multinational currency exchanges, how you plan to spend your summer vocation, and when you hope to finish secondary school.

Oh, and start all your formal writing with "Sirs!"  Because that's classy.  And never forget the exclamation point!

Your mentor,
   IPO Magic

Show us the documents on the approval.

This has all been covered before.  No McExchange franchise 4 U.
Piggybacking your ridiculousness on top of another one simply doesn't work.

What convincing documents CryptoFinancial show you that they can deliver what they promise?

You have an agreement with a UK bank.  Which you're not at liberty to discuss.
And an agreement with CryptoFinancial.  Which you're also not at liberty to discuss.
CryptoFinancial is also not at liberty to discuss their banking arrangements.  Which begs the question:

I can discuss our agreement with crypto financial, it is simply information I have which is not publicly available that I am not willing to share.

No, I am not in secondary school although yes I am young. Feel free to hold that against me if you wish, although I doubt that would sway your opinion.

As for previous experience with multi national currency exchanges, none. Then again I cannot thing of a single CEO of a bitcoin exchange that does.

Lol, I'm not holding your age against you any more than i hold being a cat against my cat.  But giving a kid with no qualifications money to start an exchange is as absurd as giving it to my cat, as clever as he is.

Go out, have fun, get laid, get wasted--best years of your life!

http://s9.postimg.org/c2u9lbw3z/Capture.jpg

*how many of these "shares" have you sold, anyhow?  

While I appreciate the sentiment I do not wish to waste the opportunity I have before me, not to mention that the service we shall be providing to the UK is sorely needed.

MrWDunne, though it pains me to say this, you are approximately as likely to start your McExchange as my cat (who is a frickin' talented animal, make no mistake.  Should see him with a new cardboard box...)

How many sharez have you sold thus far?

Enough to get us to beta, not a large amount but enough.

You may look it up if you so wish, all of the information is available on the Counterparty blockscanner.

angel.co states 20k of Previous funding.

Partially accurate, in reality its 12k of funding. Own capital.

Thank you for the point, I have updated it.

What have those funds been used for thus far, a audit of assets and liabilities is always a nice thing to look at for investors.

Why are more funds needing to be raised than, if your expenses are already covered (for the most part)?

To expand on this, the costs listed were the ones we are already committed to.

Looks good to me. Would likely buy a few shares if you were on havelock, not going to be using counterparty till it gets touched up a bit more.

Cant wait to see what the finished product looks like  ;D

The biggest selling points of this IPO is that it's on Counterparty. IMO the Counterwallet interface might have a few bugs but Counterparty at the protocol level has had a really sound, scholastic approach.

No, we do not agree. We encourage people to give Mpex a second look.

Mpex? Really? There is almost nothing on there except Mpex own shares. Havelock is very good, so is litecoininvest


And I like the concept of counterparty, but currently would not go with it. Volume isn't good enough rightnow

For the love of good just let Mpex die quietly into the night like it wants.

Such young. wow . many wisdom

Quote from your website.

"Regardless, we plan to offer the following cryptos for trade on the exchange in fiat/crypto and btc/crypto pairs. More may be added, and some may be taken away.

BTC/LTC/DOGE/MMC/DRK/PTS"

I truly believe as a dunnecap investor and NXT holder that if you can have fiat/NXT in your exchange it will give you a unique edge. BTC-E will not likely have a NXT/fiat anytime soon and that would be a mistake you could take advantage of. All altclones including litecoin are dying and will be dead end of year. Being one of the first exchanges to have
nxt/fiat will make you the go to for nxt trading volume. Btc #1 and Nxt #2 will be so for a long time and Mimex can benefit by it.

Its possible, not going to say yes or no, either way.

I don't feel like this statement helps your case. You admit that you have no experience running an exchange. I appreciate the honesty, but the fact remains that you are not experienced. You can't expect *reasonable* investors to think that their BTC would be safer in this venture than it would be if it were just sitting in a wallet appreciating in value.

Secondly, those other CEOs without experience lost a lot of investor and/or users' money (whether through outright scamming or just plain negligence). The ones still standing are probably on borrowed time. Pointing to them and saying, 'See? I'm the average' is silly IMO.

Nice new site and design work put together. Looks like I will be keeping an eye on this one to see how things progress. I did see in OP that you are using GBP so am guessing you are using the UK for this site and location. If this is within the UK when do you expect to open website and trading for your exchange?

I don't get it. Why building an exchange on an exchange ?

How do you redeem cash ?

Curious, with exception of Second Market, and possibly Circle (still arguable) who does have experience?

Managing an exchange in the fiat world is massively different to a bitcoin exchange, seems largely irrelevant.

I'm a little confused at to what you mean? We are building an exchange, you deposit/withdraw via bank transfers.

I thought it was using a decentralized exchange like XCP because you were talking about XCP.

So why are you doing an exchange when you have no chance against big guys ?

I don't get it.

We use XCP but that's for a different reason than BTC->fiat.

We are not directly competing with any 'big guys' as in the UK there aren't any big guys. You have local bitcoins, bittylicious or coin floor. CoinFloor is the only 'exchange' and that has ~25btc volume per day because they don't have UK banking and it is run by a notorious scammer (Nefario).

That being said, we will be competing with larger players in the USD/CAD/EUR space in particular. As for how to compete, we will just gain trust over time, and offer the best service possible.

With the new Canadian laws (http://cointelegraph.com/news/111905/canada-signs-first-ever-official-law-regulating-bitcoin), will you be registering with FINTRAC?

Already sent in the application, although that is really being handled by CryptoCapital.

As it may have been noticed, CoinFloor now has faster payments also. Everything goes on as planned.

Here you go MrWDunne, right up your alley--a turn-key white label exchange.  Exciting stuff!

http://s30.postimg.org/viml5ozwh/Capture.jpg

http://vbbb.com/ :)

Are you taking XCP and MSC to exchange, better than dogejoke?


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Its something I will look into. It is planned down the line, but implementing XCP is not quite as simple as any other altcoin.

Hey, is this still happening? I want to brag about owning some dunnecap one day.

Looks like clear scam.

Yes its all still happening, I had aimed for a launch today but not going to make that obviously.

^
As long as you're wearing a clean pair of socks and your hair is combed, I'm not worried.

Yep.  Two Weeks(tm).

Three Weeks (tm)

Five Weeks(tm)

http://www.reddit.com/r/BitcoinUK/comments/2f3fmj/a_week_ago_on_rbitcoin_we_hosted_an_ama_but/