Alright I have now read all pages of the thread!
First off I think it is quite odd to see so many noobs suddenly risk their BTC in this new business.
More than often noobs always try to research the legitimacy of a business before trying it out. Well, that at least was true for me.
The entire structure of the business sounds great! The process length sounds slower than BitInstant but way more profitable. On the other hand it seems
to be faster than LocalBitcoins but with about the same profit outcome. I guess the only things left to improve user base, other than everything else mentioned on the previous pages,
would be more transparency on the business owner's part. I read somewhere in the beginning of the thread that the information of the business owner is unavailable and or inaccurate.
Whether that's true or not I can't say. I will say that if the owner(s) Bitcoin-Brokers are so sure that they aren't breaking any laws with their business then why is it that they don't provide
accurate information of the owner(s) of the business? If ever the user base significantly increases Bitcoin-Brokers can easily run off with all the Bitcoin and sell them elsewhere. I'm not saying they
will do this but to anyone reading this be aware that it is a possibility.
" If ever the user base significantly increases Bitcoin-Brokers can easily run off with all the Bitcoin and sell them elsewhere. I'm not saying they
will do this but to anyone reading this be aware that it is a possibility."
The mathematics alone should tell you that this would be unwise.
Bitcoin-Brokers makes 2% on every transaction. It doesn't matter if the business does $10,000 a day or $100,000 a day, the same 2% is realized on every transaction.
Only an extremely short-sighted person would ever think that stealing would be a wise business move.
If Bitcoin-Brokers ever failed to deliver a single transaction, this thread, which is the lifeblood of the business, would be the first place a disgruntled client would come to vent. The business would be ruined.
With 2% being realized on every transaction, every 60-70 days Bitcoin-Brokers makes in profit, effectively what it holds in escrow from its clients.
On what planet would anybody in their right mind think that trashing a successful business, just so it could get its hands on what it would earn every 70 days would be a good idea?
"First off I think it is quite odd to see so many noobs suddenly risk their BTC in this new business."
I have news for you my friend, this industry is only in its infancy. We are all noobs. This industry didn't exist 10 years ago. 25 years from now, Bitcoin-Brokers and many other bitcoin related businesses will be looked at as some of the earliest adopters in this rapidly growing industry.
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