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Perhaps a model that has S "selling" his finished work? You define the project, for example: "red boxes will be...". When he has finished work ready to be added to the site you "buy" this finished work for a prearranged price. No finished work, no money. You might even be able to expedite things by some kind of competitive system. Offer a higher reward and make it a race. First one to turn in completed work wins. Or maybe a contractor could claim the work, but has 24hours to turn in work or lose his claim. In any case I like a system with no money up-front.
Agreed, easier said than done often |
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Is that 2% on the fiat or BTC side? If Bitcoin doesn't die it seems hard to believe that bitcoin returns from HLODing won't exceed the returns of this program. The arbitrage would have to make returns on the current bitcoin price and exceed the fact that the funds are not always in BTC. Finally, it would have to account for situations where users get goxxed.
It's hard to believe that this isn't a waste of time and a losing proposition when compared to simply HLODing.
Please explain to me where my logic falters.
The profit is always on the fiat side. See the simple example I wrote earlier. As I said, the biggest advantage of arbitrage is the independence of the market direction. The goal is to generate a constant profit regardless of the market direction. So yes you will miss opportunities from a bull market but your investment will be safe during a bear market. It's a choice. The largest risk is if the spread between two exchanges never closes for some reasons or if an exchange goes bankrupt like Mt. Gox. If you are interested, here is a good Wall Street example where the spreads didn't close as expected during arbitrage investments: Long-Term Capital Management L.P.In that case the yearly return is less than 30% and judging by what happened to bitcoin platforms in previous years it has been a negative return. That is because the risk of default from these places was far greater than the 30% return. And have not most major currencies inflated greatly the past year? It seems a lot of extra work and risk to slightly beat out the most transparent stocks in Western countries. |
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conclusion: if you feel the need to hire a marketer off of bitcointalk - don't run a business.
this drama is entertaining, however, I wouldn't want to work with any of you.
Well, we have put in place new hiring protocols to make sure this won't happen again. I believe he responded to our post on reddit and not bitcointalk but I get your point. Since marketers don't deal with sensitive information, it is just as costly to vet them often as it is to throw them in for a trial run. We hope that with the new protocols we put in place this will stop any further issues like this in the future. |
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thanks for letting me know that. However, I think a lot of people don't understand how it works and just see the red text and it throws them off.
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Gebbit, please escrow the amount as the contest is back on. I will enter as soon as there is a confirmed escrow. Thanks!
Who should I escrow to? I am not familiar with anyone's reputation here whereas we have obviously spent a lot to produce gebbit.com and are not in the business of ruining our reputation. edit: still I'll be happy to escrow as long as you link a post where the escrow has supported similar campaigns. |
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Unless anyone else shows interest in this I'm going to set the closing date for Friday.
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Most of the price difference is due to the confidence in the 3rd party or because of cost differences in their banking. With MtGox their price was much higher as people were unsure if they would ever see their dollars again. Those that bought bitcoin at inflated prices and were able to get off the site actually made a good purchase whereas those who were trying to arbitrage ended up biting the bullet.
There are always arbitrage opportunities if the price divergence is high enough so markets will follow each other in relation to price. Think about it, if you could buy a bitcoin at 300$ somewhere and sell it instantly for 310$ somewhere else wouldn't you take advantage of that? Usually it's not so simple though.
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I like how they removed their volume tick..  From your other thread. Frankly, I was doing a job.
I was getting paid, and so I carried out instructions.
But as they got sketchier and sketchier, I did things my way and questioned them.
and I don't care that you don't care. It's funny coming from someone with a neg trust for scamming.
I agree with you though that I was selfish. I'm sorry.
But I'm not doing this just because I wasn't paid.
I'm doing this because they could do this to everyone else, no just me.
they claimed that you have done job with lesser hour as you saidand they ask for your photo with higher resolution it seems like you havent provided it, do provide it, your picture is in a pretty bad resolution for this gadget era, it looks like it was taken in 90's Worked for lesser hours? How could he say this? The outcome is perfect and the volume of Gebbit is doing great.I am not paid for even an hour, though he paid all the other scrappy marketers in full though they didn't follow Gebbit's instructions either. Why should I be treated in another way? I'm not suggesting this or anything else you are saying is true. But I like your shoot with your eyes closed strategy. |
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I FINISHED the guide he's been telling me to do.
the other images look different because as I said in our emails,
i did them in different times. Which is why I worked on 4 images at a time.
Another, getting traffic without spamming (like what you're doing right now)
is a lot of work, and cannot be done in just a few hours.
Posting tweets is unverifiable?
Check the timeline.
You failed to send the pictures of the guide so if you finished the guide but failed to send the pictures I don't understand how you can ask for pay. I dug up part of an email sent on the 4th " Imagine the time I have lost in the past week due to your mismanagement. This is the 3rd time I am sending you this guide as you had lost it already once before 3rd time I am asking you to create a picture for each point with red boxes as shown in the wikihow link (you have not replied to either of the previous 2 emails confirming you can or have done this) 2nd time I am sending you the amended sentence (I had sent you the first email on Monday after the 2nd email regarding your pay I sent one email ahead of time stating that the extra pay would go to your hours from the previous week and then had spend 20 minutes writing an email reminding you why you were only paid 150$ (because you had already been paid for many of your hours) This is the more than 3rd time I have brought up the importance of this guide. " In the end did i or did I not send the pictures? You expect a perfect marketer who doesn't have a shit ton of clients in emails and gets cluttered sometimes? You couldn't even manage your business. You have lied about Gebbit having been hacked. You lied about the work that you did. Why do you insist on continuing to lie. Just because a company attempts to hire the services of someone to promote them does not mean they cannot manage their business. But nice try! |
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Worked for lesser hours?
How could he say this?
The outcome is perfect and the volume of Gebbit is doing great.
I am not paid for even an hour, though he paid all the other
scrappy marketers in full though they didn't follow Gebbit's instructions either.
Why should I be treated in another way?
There is never gonna be a conclusion for this as expected from both sided is a hot headed type which claims to be correct while the other one is wrong small claim to have done the job and worked as the minimum hours agreement ( no solid proof for this ) Gebbit claim that small didnt work as the agreement and did the last work after his payment is withheld ( again no proof for this only a claim from gebbit ) Small in the end you didn't send anything except one picture which showed you had lied about having done the work you said you did. The proof was not only that you didn't send the work but that the homepage had changed showing that you had done that one picture only after I withheld pay. And withholding pay was part of the agreement.
in the end because there is no solid proof of which one is lying, then this matter will keep on stucking at this pace Gebbit has proof that I did the last picture after payment was withheld. But, I told him that I'll be finishing the rest of the pictures and sent it to him on the time he requested it ALONG a message stating that they'll be claiming my accounts. And then, said that he'll be paying after I sent it. After a reply with all the accounts, they asked me to provide ID. it was last minute that they asked for ID, and never provided theirs. Upon the 10th image you sent the resolution was clear enough to see that your name was not even present expect for in your own writing on the document. How can a company accept before hand an unstandard ID which is not an ID which they cannot even see because there is no reasonable resolution photo of the ID which is not an ID? I love the fact that you are ignoring that you are a time thief and that you've lied suggesting that Gebbit was hacked. |
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Honestly I would want a clear photo id, that piece of paper could be anything, or his mothers paper back ID.
Who does paper ID's anymore? They are long gone. Its all photo id.
Who does paper IDs? Scammers who are afraid of being exposed. They will send in low res images 10 times and then begin to threaten you with harassment and lies about your company if you don't pay the extortion. But that isn't a photo ID anyway. It's a car registration. He should have sent in whatever ID he uses to drive that registered car. |
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But I'm not doing this just because I wasn't paid.
I'm doing this because they could do this to everyone else, no just me.
Right. They didn't pay you and now you're thinking about community's wellness and protecting other members.  But you weren't bothered about it as long as you were getting paid.  I am so grateful that you're here to watch over us.  Thank you. I told you I was wrong at first, and I'm sorry. *sigh* waste of time. Thanks for warning people that if they scam Gebbit they will get the Small treatment |
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Hey Gebbit, I have a question. Do you plan on opening your signature campaign right after you receive all signatures or you will be waiting until April 1st?
It will be weekly or monthly campaign with fixed rate or pay per post? Thanks.
Right after receiving the signatures. As for the other question, we haven't decided. |
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Small in the end you didn't send anything except one picture which showed you had lied about having done the work you said you did. The proof was not only that you didn't send the work but that the homepage had changed showing that you had done that one picture only after I withheld pay. And withholding pay was part of the agreement.
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This thread shouldn't exist. You pay the guy or you don't, never ever bring inside drama about your business to reddit/here/anywhere it's like the last thing I would ever think of doing. As for your site UI, the first thing I notice is I have to sign up an account just to look at it. Say what you want about btc-e.com but landing on their front page immediately I can tell what's for trade, see order book, watch trades, (unfortunately watch trollbox too) and no account is needed. To me that is better marketing than being forced to hand over email addresses immediately. Second, the security information is nebulous. "Gebbit uses AES-256" means nothing to me. What mode? Because if it's CBC/XTS that's bad http://sockpuppet.org/blog/2014/04/30/you-dont-want-xts/"Insured wallet" by who? no information "Security protocols" such as? Withdraw information is nebulous. How long exactly do withdraws of BTC take. If you're claiming everything is offline then somebody has to physically sign the txn so I'm guessing you have hours of operation (not posted). One email address " support@whatever.com" isn't going to work if say, tomorrow you had 1,000 customers and all their deposits had problems. There is no information where your corp is, who is running it, phone numbers if my money disappears into a black hole, no bank info, no registration numbers with any known gov ect ect. This can all be excused if there is a multi-sig escrow insurance paid to somebody trusted here, who can hold one signature to ensure users won't have their money stolen should you be hacked out of existence, get shut down, run off with the money ect. So HeroMemberBob and HeroMemberAlice will both hold a sig, and you will hold the other sig to $100,000 in capital put up for insurance. Now we can all trade $100,000 max ceiling and have no worries about your identity (be as anon as you want, who cares). If not, then you have to prove to us why we should trust you with BTC/fiat since we've seen so many exchanges die from incompetence or fraud what makes you different than the idiots who once shut down their ec2 instance and wiped their entire wallet.dat (yes, this actually happened see bitomat.pl). Also, if you are manually doing txns then add some altcoins, why not. Add all the one's that do multi-sig (I haven't kept up with altcoins, I assume some have multisig). Even if bitcoins are kept offline, it's still possible to inject site credits and buy coins and withdraw with them. I assume there is some sort of manual accounting/balance sheet going on to prevent this if everything is manual. It is in your competitors interest to sabotage your site and if they can alter the front page, jack the db and start leaking email/passwords, or cause any kind of black PR and uncertainty re: your site security then it's game over so even if somebody "just alters the front page" that's important. You should also expect attempted breaches by everybody on earth, there is money involved and they will try. http://homakov.blogspot.ca/2015/01/bitstamp-problem-and-warm-wallets.html Small brought the matter and the drama public when he accessed Gebbit of scamming. BTC payments are sent to offline wallets but a live wallet is managed which means that BTC withdraw requests are processed automatically. The deal for insurance that Gebbit has maintains that only a certain amount of BTC may be put on the live wallet at any given time. Since this is fully controllable issues which occurred with other major sites cannot happen to Gebbit. When and if the business grows we plan to institute a ticketing system for support but right now that is not necessary. You have mentioned BTC-e as an example of a well designed site. They have remained their anonymity while the vast majority of sites have been hacked or had other similar problems. Yet BTC-e have proven themselves as the most trustworthy. If Gebbit becomes successful we will not be able to stay under the radar like BTC-e but there is no need to expose ourselves to people like Small. Take this as an example of news that came out today http://fuk.io/first-european-bitcoin-embassy-shuts-down/Many people think that the cost of doing business should be exposure to personal attacks. We don't. Imagine your child reading nasty false comments about you online but not being old enough to make sense of them. If you are not comfortable with our stance, that is perfectly fine. Gebbit is not for you. |
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I FINISHED the guide he's been telling me to do.
the other images look different because as I said in our emails,
i did them in different times. Which is why I worked on 4 images at a time.
Another, getting traffic without spamming (like what you're doing right now)
is a lot of work, and cannot be done in just a few hours.
Posting tweets is unverifiable?
Check the timeline.
You failed to send the pictures of the guide so if you finished the guide but failed to send the pictures I don't understand how you can ask for pay. I dug up part of an email sent on the 4th " Imagine the time I have lost in the past week due to your mismanagement. This is the 3rd time I am sending you this guide as you had lost it already once before 3rd time I am asking you to create a picture for each point with red boxes as shown in the wikihow link (you have not replied to either of the previous 2 emails confirming you can or have done this) 2nd time I am sending you the amended sentence (I had sent you the first email on Monday after the 2nd email regarding your pay I sent one email ahead of time stating that the extra pay would go to your hours from the previous week and then had spend 20 minutes writing an email reminding you why you were only paid 150$ (because you had already been paid for many of your hours) This is the more than 3rd time I have brought up the importance of this guide. " |
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Its always difficult to trace work online. Withholding payment for work done in a normal job is normally only under extreme circumstances for which you need to provide more information on what was expected and what was actually done. You only paid for 15-20 hours, that is what 2-3 days of full time work. It would have been clear he had not been performing what was expected after hours surely?
20 hours a week was the amount of work expected of him. So far he should have put in I think 80 hours of work for Gebbit if we had him on for 4 weeks. I think he worked for less than 60 hours. If it wasn't for catching him red handed I would have no proof that he is a time thief. Now with the proof if I had to estimate he has worked less than the amount of hours he has been paid for. Small you are not entitled to the same privacy that users of the sites are. You were allegedly providing us a service. |
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I am not sure how long contests are regularly open. We will keep it open until Friday unless we have already made our minds on a signature. However if the thread still has a lot of activity it will remain open a little longer. I am happy to set a final date to close the competition but I would like participants to suggest what that should be first.
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No problem. they are not bad just not amazing.
I have altered the OP to show the new information. 2 signatures .15 bounty
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Thanks super I think i'm going to open the contest back up though. While your designs are not bad I don't think they are up to the quality of your other work.
I'm lowering the bounty however to .15btc as only 2 signatures now need to be done.
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