This is our domain privacy provider. Feel free to visit us at the address listed on our website:

https://magnr.com/meet-the-team?scroll=contact-us#contact-us

Our companies house registration details in the UK are also listed.

Hi all,

Joe here, founder of Magnr.com. I can confirm that we are not a scam and we are not a ponzi.

First off here is our about page:

https://magnr.com/meet-the-team

Our team and all of its members have a very public profile that you can look up on LinkedIn, Facebook, Twitter etc.... whatever your preferred method. You could also use private investigators on us, we know other people have before.

Our office address is real as well. If any of this community want to come and visit us, we are there Monday to Friday around office hours. Contact us, come in and have a coffee on us and take a picture with the team to share your experience. I'm always shocked and surprised at how nobody ever seems to take us up on this offer.... Please I would encourage ANY community member based out of London to come by. Please PM me.


All of our team members have left established careers. None of us want to run a Ponzi because in a country like the UK, if you do, you'll quickly destroy any of your own future career prospects. Especially if you want to work in finance which I did previously (as did our current CEO).

We also wouldn't list our public profiles or office address if it was a Ponzi. The reason why should be obvious! We would rather not be hunted down if we were scamming people.

Further to that, our CEO Colin Kwan has just been elected to the board of the (UKDCA), UK Digital Currency Association who's role is to lobby for pro digital currency stance from the UK government. I think he's been doing an excellent job at this given that the UK currently has a very open stance towards crypto businesses.

On top of that, we're actively engaging with the UK's FCA and the CFTC in the US. If you scam, this is a very quick route to jail time!

I'm not sure how much more I could give you but if there are still doubters then I'll endeavour to provide as much as we can. (details about our public VC deals, publicly listed information, incorporation etc...) We know that this industry cannot grow or thrive without the trust of its community. We are all pro-Bitcoin and always wanting adoption to grow, especially in the UK.

To explain our products in as transparent way we can, can help ease your worries by being honest...

Our trading platform generates revenues in two ways, first of all we charge a trading fee, second of all we charge interest on leverage funds borrowed to place these trades out to market. You can see your trade execute on the selected exchange in real-time so you know its happening. This we can't falsify.

Our savings platform uses funds deposited by clients for leveraged positions on our trading platform. We are open and honest about this on our brochureware so let us know if this is not acceptable. Funds for the interest come from charges made to clients who place leveraged trades. This is what makes it a financial product as opposed to a ponzi scheme. Out team has taken lessons it learnt from their collective time working in the banking industry to create these products for the Bitcoin industry.

Hope that helps!

Can someone Explain Like I'm 5, how the basics of this 'upcoming' fork will occur (if it does). I'm simply after an explanation of the mechanics.

Right now I assume the following, can someone confirm if its true:

• As Classic adoption continues, more and more blocks will be mined with the classic 'flag' on the blockchain
• After 70 () blocks in a row have been mined, this will be taken as a vote of confidence (a consensus win???)
• A countdown will happen ()
• The rest of the miners and nodes will have to upgrade otherwise their mined blocks will automatically be rejected by the rest of the nodes

Forgive me for being vague. There are gaps in my understanding that need to be filled!

Please leave personal opinion of classic vs core out of this, this post is not designed to be a debate.

Thanks!

Sure happy for you to use the content! Back-link the article if you are using the same images too. Go spread the good word about Bitcoin!

Google told me it was ok to use that term:



I think it fits the bill perfectly.

They are clearly very different from the ones you see CrazyRussianHacker do on youtube though....

Thanks! Its a list I put together, I thought it would be nice to share some of my favourite Bitcoin related bookmarks to help newcomers to the space.

I'm always using these sites and telling others about them, now I can just point them to this post.

I took those screen shots last week, the Ethereum market cap was $220 mill ranking it #3, now its $356 mill and ranked #2!

Thanks, I'll ask the mods if we can include it in a sticky post. Any other recommended sites you would add to the list?

Ian DeMartino: There has been a lot of talk about the UK possibly making a central bank cryptocurrency, do you think something like that could be successful?

Colin Kwan: It is something that has been talked about rather openly. I am the CEO of Magnr and the director of UK Digital Currency Association, and part of our mission at the UKDCA is to talk to the treasury, the Bank of England and the policy makers. We explain to them what digital currencies actually mean to the UK and how the UK can even benefit from these types of currencies....

Ian DeMartino: The IMF recently recommended international cooperation when it comes to Cryptocurrencies? Do you think Bitcoin would benefit from a some international regulations or a best practices policy or anything like that?

Colin Kwan: There is definitely a need for an international standard. Being a part of the UK DCA, we are looking to help establish what we call the IBC, the International Blockchain Committee. We want to have international bodies as representatives and create a standard across all blockchain systems....


http://coinjournal.net/colin-kwan-on-magnr-the-ukdca-and-bitcoin-banks/

Yeah my goal was to be informative and not too political. I'm tired of reading content pointing out the polarised debate between actual implementations. Noobs probably won't care at this stage.

We put this together as a quick newbie guide to the space. Some of these are sites we are always recommending to our clients and friends. Here are 8 of our favourite Bitcoin life-hacks!

https://medium.com/@Magnr/8-bitcoin-life-hacks-7ace5b093f55#.5vtg3gclb

What are yours? I may compile a follow up if there is enough interest and suggestions.

Back in 2013, this Forbes contributor mentioned that by crude calculations, Bitcoin's hash rate equated to 256 times faster then the top 500 supercomputers combined:

http://www.forbes.com/sites/reuvencohen/2013/11/28/global-bitcoin-computing-power-now-256-times-faster-than-top-500-supercomputers-combined/#3015c8e28b76

Has anyone done a more recent analysis of this?

Forum-slide countering Bump. Its very obvious that this happens everywhere in Bitcoin. We just haven't figured out the source. Subversion within the community is also common. I wish people knew more about it. Upvoting and downvoting habits are very easily gamed and observed every single day on /r/btc and /r/bitcoin on reddit.

Open your eyes people. Keep bumping this post.

Mod: pls sticky.

Everyone has been paid now. Here is the final TXID:

https://blockchain.info/tx/03cfb26a42936e8774d8df7e88ac3797f68acf8d57474bcbc4530bab565156c9

Thank you everybody for your participation, if you haven't already done so, please leave some trust feedback. I'll let you know when I next run a campaign!

<-- Thanks!

Thanks, we're always looking for feedback especially where it helps build trust in a growing industry.

Hi there, Seal, founder of Magnr.com.

I set up Magnr with the goal of putting my spare bitcoins to use to earn a passive income.

Like many of you posting here, I knew that the best way to earn a steady income is by lending my bitcoins out while doing what I could to carefully control the risks involved. (despite what other posters may say while promoting their services, all forms of investment carry risk - Magnr included)

In the early days of my involvement, I bought an initial $100 of btc @ $2 a piece. I traded this up using technical analysis and arbitrage into $200k which I invested into building out Magnr's trading platform. My goal for the trading platform? Allow my remaining bitcoins to be lent out to other traders on margin so that I could charge a daily interest rate to them. Just like that, I created a mechanism for me to generate interest returns in a very passive way. (in reality it is far from passive because I need to manage the trading platform now... thats another story though)

After the trading platform was launched [initially as BTC.sx - Coindesk article on us], it grew fast and eventually the demand for leveraged trading exceeded my ability to lend.

Magnr Savings was born (Bitcoin Magazine article on us). To continue serving our leveraged traders, we decided to set up Magnr Savings. This allows those who are comfortable with the risks involved to deposit their Bitcoins and let our traders use their bitcoins for short term leveraged positions.

Magnr Savings pays out a 2.35% annual interest rate on a maximum of 100 btc. We manage the risks internally and our clients have never lost a satoshi. Our goal is to keep it that way as all of our staff also use the service .

Here is our post in the Service Announcement sub-forum:
https://bitcointalk.org/index.php?topic=1299830.0

To be transparent (I appreciate that BitcoinTalk loves transparency), the risks involved in using Magnr Savings are counterparty risk to Magnr as a company. We are incorporated in the UK and are in contact with the FCA to help provide more reassurance to clients that we are acting in a moral and just way.

Everyone up to MagicIsMe has been paid.

TXID:
https://blockchain.info/tx/68990c9e2da9eb338754d8d92bfe4765eb304728dfe159ba61939c2830e30c7f

To everyone who has been paid. Thank you for your participation. I would appreciate some Bitcointalk trust feedback if you have a minute to spare.

<-- click there

Sure as long as they pass the audit and have a good number of followers!

I've paid everyone up to Punggawa.

https://blockchain.info/tx/c75899b8c220b1cc0e2c1b533c1069403f9fe87b37488bb8b2f5fdab6b1bdb61

Thanks!

Digitalbitcoin - did not qualify because of your twitter audit rating. Sorry.

First 20 payments have been made.

TXID:
https://blockchain.info/tx/4b939e52c3bec4479a907b77d28ab2c4cea364d4b7c088902f488297b58f0864

The exchange rate used is $430 - Bitstamp's current price.

Please be patient if you are waiting for your payment. I'm doing them in batches to speed the admin up on my end.

If you got paid. Consider leaving me a trust rating.

Thanks!