A better question would be "how can I get around this" and that is something I can help with.
Well speak up. He is probably going to suggest to use cryptofinance to handle fiat. I do no think the company will offer this service for cheap and they may not be able to deliver what they promise. No upfront capital required |
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A better question would be "how can I get around this" and that is something I can help with.
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Its not a payment company... This would be the stored value card company A “Money Transmitter” is defined as “Any person … who engages as a business in accepting currency, or funds denominated in currency, and transmits the currency and funds, or the value of the currency and funds, by any means…” or “any other business engaged as a business in the transfer of funds”. Although this is as all-encompassing a definition as one can imagine, there are some exceptions: (i) transmission of funds where the transfer is incidental to a transaction for goods or services (other than money transmission) for which the money is paying; (ii) providing delivery, communication, or network access services to a money transmitter to support money transmission activities; and (iii) processing payments through a clearance and settlement system by agreement with a seller or creditor for purchase of, or payment of a bill for, a good or service. - No. But you are a money transmitter. Doesn't matter how you receive the funds, if you are allowing cashout via ACH/WU you are transmitting funds. |
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Payment send, please confirm.
Payment received. |
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Except you can't umbrella under their license for WU/ACH etc.
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Look. Yes, the software is worth more than the opening bid. That doesn't mean shit. People aren't looking to buy the software, they are looking to buy the business. The fact is, is that its a saturated market and that this will not make money at 10BTC. The amount of money that would have to be spent on marketing would be insane. And you say that the exchange hasn't been hacked? Thats because no one has heard of it! The volume is so little no one will spend their time trying to hack it. If this ever gets up there in volume, maintaining security on the site would be a huge issue.
Im sorry, but this is a massive money pit.
I'm going to disagree with you. If you're clever you will certainly be able to make this a profitable business. I would take part in this myself, but obviously working on a similar project. |
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Gov Regulation compliance.
You'll need more money for that one... |
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I'd watch out, the coins will most likely go for above market rates, as its rare to get the opportunity to buy so many coins without pushing up the price significantly.
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(Although I would want to get if for 10btc if I were interested)
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Especially odd when he should have 148 BTC remaining!
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I'm going to stand up for him, and say that this is a fair price for it. The platform looks fairly good (I have no idea about its performance).
With some aggressive marketing it could certainly could turn a reasonable profit. Certainly enough to be a full time job for one person.
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Its possible, not going to say yes or no, either way.
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That was a post about the bitcoin world
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All must be willing to sign a NDA, prior to the discussion of project details.
Important: 3. Announce your business plan. If you think your business plan has to be kept secret because otherwise others will steal it you are probably too stupid to be in business (not just BTC, but in general). Let me explain to you how business "stealing" works: at the time MPEx was created (Feb 2012) there existed GLBSE already, which sucked at that time. Nobody flailing around in a cloud of stupidity almost mould-like in consistency seemed to be aware of it, but GLBSE sucked. And so Mr. P decided to make a securities exchange that worked right and was run correctly. So, pro tip #1: there's so much to do and so few people capable of doing it in Bitcoin that if your plan makes sense and you seem even remotely competent everyone else who is competent will breathe a sigh of relief. They aren't going to "steal" your idea of doing the absolutely fucking obviously banal, cause so much is needed I couldn't begin to tell you. Pro tip #2: if you are incompetent, the people who are competent aren't going to steal your business early. They are going to steal it late, just like MPEx demolished GLBSE. They don't need early mover advantage, they will come to your market six months or a year late, break off your arms and beat you over the head with them until you are reduced to a bloody mess. So, forget about anyone "Stealing" your business. When S.DICE was announced, a bunch of forum muppets rambled on about how it's not worth its valuation because "everyone could do it". And I laughed at them then and so to prove my point that they're laughable idiots they declared that they shall do it! It's been months, who has managed to steal the business? You can't steal any business from the competent, and if you're competent yourself you don't even try to, cause it makes no business sense. Thus, at the very least, step 3 gives you this measure of protection, whereby other competent people know you're doing X and so don't start doing X too. It saves our time and effort, rather than doing something twice do two of the fifty billion things that still need doing. Obviously your announcement will gather a bunch of crap from a bunch of nobodies. But lucky for you, you've been doing this by the numbers, and you have the list. You know why you don't care what Joel Katz says about anything: what people who don't run businesses say is irrelevant. You know why you care what piuk says about anything to do with the blockchain (do you?). Also, from the sounds of things what you are doing is fairly obvious. A good idea, certainly but not too hard to guess. Sounds like a prepaid card system for buying bitcoins and then redeeming them online. Not sure why you would need an NDA for that? Seems odd coming from you, you're generally one of the more sensible people on the forum. |
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I received it in the post ~5 days ago. (The day I posted this) bought it for curiosity, don't know much about the coin tbh |
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Well looks like everyone got the goodies
I would throw Pirate in there though since Trendon can be on the list or Tradefortress but they didn't have IPO's
So My vote goes to Eric since its the only one I fell for lol tsk and it was working till btct died lol.
This isn't about IPOs, this is just about the failed businessmen, hence Mark Karpeles being on the list. |
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Once we are off the ground, and pending your own regulatory approval we would like to get involved.
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Please stop mining on Ghash! Elgius.st has the same features, and doesn't have nearly 50%!
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