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2561  Bitcoin / Bitcoin Discussion / Re: Need some expert opinion here guys :) on: February 01, 2016, 05:54:29 AM
3). For security purposes I am thinking of handling all orders manually from my cold storage vault and delivering within 24 hours, thoughts?

Seems good to me. The exchange I'm using delivers bitcoins twice a day. To me it never has been a problem. Be sure to create a FAQ on your future website with the withdrawal timing question.


4). I obviously don't know everything at the moment, so what major problems should I look out for when it comes to this?

5). What are your overall thoughts & concerns about this idea?

This kind of service could be really of good use for the community. I guess there is a lot of demand for this.

I guess your main problem will be to face chargeback (even on this forum a lot of people are "selling" credit card numbers), etc... It's quite a scammy situation for your project.

Second one is to be sure the security of your website is good enough. No body wants to give credit card informations and you will probably soon or later face hack attempts / DDOS attempts.

Be sure to find a law specialist before launching your project. You have to be sure of the tax your service will have to pay & think about a SIG campaign when you will launch your service. It will only work if enough people use it.


This seems this is going to be quite an expensive startup, I am thinking of offering cash deposit payments & wire transfers. Because they are secure & and I can send bitcoin orders out quicker too because I would just have to verify the deposit in my bank account.

I could see a massive use for a site like this, if you were to implement an easy system of using a prepaid card.  This could essentially cut out the need for Bitcoin ATM's, because someone could go to a store that sells these prepaid cards, pay in cash, and then use that card to buy bitcoins using your website.

I'm sure there is something that will keep you from doing this, but in my mind right now it seems like this would be VERY good for anyone who wants to purchase bitcoins using cash.

Edit: plus it will allow a sort of anonymity aspect of buying since you aren't directing your banks debit card to the website that could link to personal information.  As long as you can find a way around laws, I think you would be very successful if everything goes well.

Using Prepaid card is also a good option for buying bitcoins through your site, because in cash transaction and wire transfers you have check with the law and Taxation problems because when you get payment through other countrys then forex charges will also be their and you have to check the foreign money law , if not that you can get problem in foreign money exchange law.
2562  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 01, 2016, 05:45:41 AM
England in South Africa ODI Series, 2015/16 ->
South Africa v England at Bloemfontein, 1st ODI(February 03). Basically, I'd say SA 're tough competitors in ODI matches. No offense but I'd bet & cheer up for SA this time. Congo to ENG for 'er conquest in test series.

South African team is a team when they want they can chase 400+ score also and if they dont want they even fail to chase 150+ score. I think in the Odi also England team will be dominating as they have won Test Series and their confidence level will be high. The first odi should be good fighting as South Africa will try to win the odi series and revenge and England team will try  to maintain the winning spirit of their team.
2563  Economy / Auctions / Re: WTS Sr member account on: January 31, 2016, 10:03:29 PM
Auction end, Sr meber sold
lol,i had the highest offer here.. who beat me?

He obviously come to a deal via pm unless he just didn't want to sell it for the above price.
Op you should really have wrote that clause in the main post that you reserve the right to sell to anyone at anytime.
Can't believe how cheap accounts have got or was that just because of poor quality posts hmm

Dont worry both the OP and the highest bidder won are same persons alt account, this they are doing to scam it, so it is much better to just avoid this type of auction where OP is accepting the bid lower then his minimum offer.

I'm not an alt of him.. I offer 0.05 and after he released the post quality i offered 0.04 BTC but i did not win it.. Maybe someone buy it via pm

I have to mentioned you as alt of OP, just check the reply i have told that both OP and the highest bidder won are same persons. dont jump like that before reading reply properly.
2564  Other / Beginners & Help / Re: How do I earn interest on BTC? on: January 31, 2016, 10:01:57 PM
Earning interest on Btc through investing on other sites is not recommendable, because you wont be having any control on your investment if anything happens. It is much better that you can start lending service in the lending section. Their you can Lend Btc to the users by accepting collateral. If the user defaults the payment you can sell the collateral and save you investment.

One more you can do is trading in bitcoins if you have knowledge.

With joining my solo group you are safe,i have a collateral if something went wrong Smiley


I think one of your collateral of POT Hero Member rank you are selling in the auction, which i think you are using as collateral for your solo group of mining. If that is true then how come your group is safe.

Here is the Link of the Thread where you are selling your account.

https://bitcointalk.org/index.php?topic=1347298.msg13736766#msg13736766

2565  Economy / Currency exchange / Re: Paypal Credit $1,000 USD for 1,4 BTC on: January 31, 2016, 09:54:37 PM
Escrow will not protect the receiver of Paypal funds.  Roll Eyes
Thats right but I will ask escrow to hold the funds until I get money withdrawn to my bank account Cheesy Once I receive money,I will ask escrow to send Bitcoin to seller

Paypal will charge back up to 6 months later.  If you do this, you will lose your coins.
But I have heard PayPal doesn't return money to sender also and keep it on hold.If that is true,then op will also not get his money back unless he proved the receiver cheated moreover if money is sent as gift,sender cannot charge it back

What so ever when you know that their is a reversible transaction term in paypal and even OP is suspicious why you want to do transaction with the OP when others are clearly telling even if you use escrow and even after 6 months OP can as money back or any other who is the original account holder then what will you do.

whether paypal hold the money or not but your bitcoins will be lost even if OP dont get but you will be in loss .

Even then if you want to proceed that is upto you
2566  Bitcoin / Bitcoin Discussion / Re: We need to convert Bitcoins to new units... on: January 31, 2016, 09:46:38 PM
the best way is to remember them in satoshi directly, so don't say 0.0001 but 10k satoshi, don't say 0.0000035 but 350 satoshi and so on, much easy to remember

Yeah I'm doing the same. And if it becomes higher numbers I reverse the situation :

I'll say 0.1 bitcoin or 0.01 bitcoins and not 10000000 satoshis.

I don't think there is any need for changing bitcoin units: BTC & Satoshis are enough. If you pay a high amount, you refer to bitcoin, if you pay a low amount, you refer to satoshi... That's a all.

And if you really want you can use uBTC and mBTC but I find it confusing

what you said is very correct, why this users wanted to go for new units for converting bitcoins when the available way of units are very clear, first of all this gambling sites have confused the units marking as uBTC and mBTC, it is really confusing when i saw this and i was always getting problem when converting this units.

Bitcoins and Satoshi is the best way of Units for Bitcoins.
2567  Economy / Auctions / Re: Full Member Account Low Price on: January 31, 2016, 09:39:11 PM
what is the recognized highest bid?

I don't know, it seems like this is an abandonnated auction. The account seller and the account sold haven't been saw since January 25th.

dont waste you time here, this account seller and the account to be sold are both in the scam accusation , OP is a big scammer and his all accounts are in scam accusation. so better dont waste your time and bitcoin here.
2568  Economy / Auctions / Re: WTS Sr member account on: January 31, 2016, 09:19:57 PM
Auction end, Sr meber sold
lol,i had the highest offer here.. who beat me?

He obviously come to a deal via pm unless he just didn't want to sell it for the above price.
Op you should really have wrote that clause in the main post that you reserve the right to sell to anyone at anytime.
Can't believe how cheap accounts have got or was that just because of poor quality posts hmm

Dont worry both the OP and the highest bidder won are same persons alt account, this they are doing to scam it, so it is much better to just avoid this type of auction where OP is accepting the bid lower then his minimum offer.
2569  Economy / Auctions / Re: [wts] bct account on: January 31, 2016, 09:13:28 PM
Escrow is a must for an expensive account. We do not trust other people who have little trust.

newbie account hmmm  Roll Eyes

Whether he is newbie or high rank account, you are ready to reply this message but you are not replying to other user who is willing to buy your account but he is asking escrow service to proceed with the deal. This means that one this account is not yours or you just want to scam here. Be careful as you are not replying you may get Negative Trust mark.
2570  Bitcoin / Bitcoin Discussion / Re: Bitcoin is EXACTLY where it needs to be right now, what the hell! on: January 31, 2016, 08:47:23 PM
I never had any issue with Transaction fee and never faced the problem in transferring bitcoins to other wallets. In online web wallets we dont have to worry about transaction fees as some wallets give free service and even if some charges that are penny and never faced problem with transfers,

From desktop wallet their i have set the Transaction fees very less so that is also no problem until i am paying transaction fee.
2571  Economy / Gambling discussion / Re: Cricket match prediction discussions on: January 31, 2016, 08:41:57 PM
Australia vs India when i see on statistic tell both of team are strong but my feeling tell to bet on Australia @1.60

Today Australia have to win the match as they dont want T20 series to be whitewash against India that too in Home Grounds, and Australia is looking strong today, Mostly today match will be interesting as both team will fight for win, India will try to win this match as they wanted to whitewash the series against Australia and on the other hand Australia will try to avoid the series lossing 3-0.

AUS have to loose this one too, as they are experimenting with the team a lot giving importance to the NZ series and not for the series at the moment, i want to see a good performance from usman

What you told was correct, Australia is very keen with New Zealand Series match more than this India Tournament as they have won the Odi series, so now they are not caring about T20 series. This is because Australia vs New Zealand Series is as important as like India vs Pakistan matches. Because in both the series whole world is seeing their rivalry for very long time.

As you said Australia lost their third T20 match against India and India won the Series with 3-0
2572  Bitcoin / Bitcoin Discussion / Re: How do you store your bitcoins? on: January 31, 2016, 08:36:39 PM
I have web online wallets where i store bitcoins which i use daily purpose like gambling and trading, and one i have is desktop wallet which i use only to store the spare Bitcoins which are for safety for future and that i dont touch as this is for my family future. I still dont have full knowledge about paper wallet as i am very weak in storing important documents properly.
2573  Bitcoin / Bitcoin Discussion / Re: April 8th 2016, a Bitcoin Conference is going to be held in Russia on: January 31, 2016, 08:30:04 PM
Hope Russian low makers change their view regarding BTCitcoin this time as they seem to really hate it (not sure why). They could remove the ban from companies using BTCitcoin and this would really help into affecting it's value for sure if given more freedom.

If this is true this may add some good news towards blockchain tech and bitcoin. Isn't in russia bitcoin is banned? (i may have misunderstood this).
Yes it's banned but not completely. I have a friend in Russia and he own a small mining farm there since last year and he haven't got into any trouble so far.

Ya it is true that this is good news and if the government also support then their may be a very big movement in Bitcoin,

And about banning , even in so other countrys where still Bitcoins is not Legal but still their are company who are promoting Bitcoins and their are also Miners who are mining Bitcoin and even exchanges are also their which are still running.
2574  Bitcoin / Bitcoin Discussion / Re: Have you seen this one? on: January 31, 2016, 08:22:39 PM

Very good nice work, it will be very helpfull for others to understand about bitcoin, through this link movie in the side their are lot of movies relating to bitcoin, after seeing this much movie their are other lot of movies which are also very good, dont think about views now , it will grow more as the time passes more.
2575  Bitcoin / Bitcoin Discussion / Re: Hollywood To Accept Bitcoin In Movies on: January 31, 2016, 08:15:52 PM
This is a great news for Bitcoin as Media is very fast approach for publicity and movies are one which can reach to the core end of the world, so through Movies Bitcoin can now reach to more vast population and soon i think that Movies in theater will start accepting bitcoin as payment for purchasing Movie Tickets.

Yes, Hollywood is a more popular and powerful sector with media background, it's adoption will definitely boost bitcoin ecosystem in all means. I too believe online movie tickets for bitcoin is the next good news we are going to experience.

In today's world Media got a great power and that too If Hollywood is ready to go with Bitcoin then their are more chances of other country to adapt Bitcoin, Then their is no so long days to come that Movie will Promote the Bitcoin and they will start doing Movie with Bitcoin as payment expenditure and Media will start to recognize Bitcoin More other country will start to Promote Bitcoin.
2576  Economy / Gambling discussion / Re: Cricket match prediction discussions on: January 31, 2016, 10:49:32 AM
Watson today played a good batting and made a good score of 197/5 in 20 overs but the Indian openers have cursed the bowling of Australian and the way they are playing i think today India will win this match but one good over can make Australia come back to game. India is also having a long batting line up.
2577  Bitcoin / Bitcoin Discussion / Re: Need some expert opinion here guys :) on: January 31, 2016, 08:49:54 AM
First thing is you have to check with which country you reside and what are their laws and taxation on Bitcoin, Second you have to be very caution with the payment system, as some of them have mentioned that credit card are reversible as their are lot of stolen credit card users. So you have to think about payment options. Third you have to give a very tight security to your server as it dont get hacked. for this you should have a full knowledgeable team for the site.
2578  Economy / Speculation / Re: BIG bullish indicator as we enter 2016... on: January 31, 2016, 08:24:03 AM

That implies that the miners are confident that the price of bitcoin will rise so they invest a lot of money in the bitcoin.

But i think right now the market is in the mood of correction last the bitcoin reached the low of $370 and now everyone is telling that bitcoin has got two support level on crash one is $350 and last is $320 if the last support is broke we can see the panic selling till $250
2579  Economy / Gambling / Re: WIN strategy for binary options - FREE! on: January 31, 2016, 08:01:55 AM
As much i have played the games in all gambling section their is no permanent strategy to win the bets, it may be for some while your strategy will work but for long it wont at the end you will see that you are starting to lose it,

Their is only one strategy just Play according to the Games is running and try to figure it out and play on that instant time and change the strategy often.
2580  Economy / Gambling discussion / Re: Cricket match prediction discussions on: January 31, 2016, 07:58:51 AM
Australia vs India when i see on statistic tell both of team are strong but my feeling tell to bet on Australia @1.60

Today Australia have to win the match as they dont want T20 series to be whitewash against India that too in Home Grounds, and Australia is looking strong today, Mostly today match will be interesting as both team will fight for win, India will try to win this match as they wanted to whitewash the series against Australia and on the other hand Australia will try to avoid the series lossing 3-0.
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