I just read the coindesk article that was posted, and I think this line is very interesting.


I was just made aware of how cheap electricity in Iran is, it is currently around 0.05$ per kilowatt-hour, while china's cost is around 0.075$ per kilowatt-hour and America's is 0.12$ per kilowatt-hour. I wonder if this quote is hinting that the price is going to rise, or there's going to be extra taxes on miners?

Other then that, there's nothing much in the article, pretty sure the government just wants to cash in the people taking advantage of their cheap electricity.

I like the site a lot. I had a look at another marketplace earlier today that wasn't as developed as this one, and I can clearly see the difference. You've chosen a niche market to focus in, and although there definitely are digital/gaming marketplaces currently active (from the top of my head, I think G2A, kinguin), there aren't that are purely crypto-based, and also cover all digital items.

Although I don't think there are a lot of users that are currently using the site to purchase things, with a nice marketing budget, I reckon you could make this work. Currently, the biggest problem right now, is that there are not enough sellers that are actually selling items of interest, and instead you have these unattractive items. Examples of items that would sell quickly include popular gift cards, game keys, game credits, APPs, etc.

I'd also love to see a video showcasing the process of buying an item from the shop. I would personally buy something, but there isn't anything worth the listed price on the site to be honest.

Nice content, I'm a fan of Jameson Lopp, I used to read the presentations on his personal site some time ago, and they where a great explanation for me to show friends.

I'd agree with bitmover, if you want to get new people into crypto, you definitely need to make introduce the man, because I'm pretty sure no one outside of crypto knows who James is. Show off casa - which is a great project for multi sig, and get him to show off his many, many qualifications. I'd also have liked it if you plugged his website at the start or end of the podcast, it has great educational content there and my friends personally learned a lot about BTC from reading it.

I dislike most of the public's view on Bitcoin. I have too many friends asking me about bitcoin as an outlet to profit off, and make money overnight with the prices, instead of seeing it as new technology or a new payment option. The people that only come into bitcoin aren't real supporters of the coin, but instead, people who get involved with crypto and bitcoin because they think it has a future are the people the media and we need to attract to our community.

It does seem like a very viable survey though, the stats are pretty fair. 10% of all Americans owning BTC is surprising, but not a crazy number.
This is very well said. Bitcoin is probably the most convenient and easiest to liquidate investment out there.

IEOs. Idax (which has been now exposed as a scam on medium), Bitz/Bitm have a lot of asian investors who will dump money into any new IEO without thinking about it, because it always gets pumped, either by the team or community when the IEO ends. Look at all the previous IEO's on those exchanges, and you'll see they all raise stupid amounts of money for a very average project.

Either that, or they lied about how much they raised. Second option looking pretty possible as well, look at their social media activity. 2,000 followers (probably 1500-1700 are bounty people), so I'd reckon they'd be below 1,000 real followers, and barely any comments/likes. I doubt a company could raise 7 mil, get in the news, and still get such low numbers...

Going to Miami next year, maybe I'll see the team there sipping cocktails 

Honestly, I don't think we can let of Coinmarketcap scot-free here. There's been a range of issues with them, and from being in some alt communities, there's a lack of support from the team and often coins will take months to get listed (unless you have internal connections), most of their exchanges listed have faked volume/very shady and they don't even bother to look in it, as well as often listing fairly obvious scam coins on their platform.

It's pretty obvious CMC doesn't do extensive due diligence with the coins/exchanges they list, which is pretty obvious for anyone involved in crypto, but I ask you, what impression does coinmarketcap give to new investors when they list scam exchanges/coins? Not a very good one, for sure.

CMC, please do your due diligence, you are making enough money off ads to afford 1-2 people doing due diligence daily for each new project, and still be able to process 10 new coins a day.

Damn man, I never knew they where such scumbags.

Sure, you can track what address the bitcoins are originating from, and maybe even what exchange they came from, but how will you relate that to an ID of a person? I'm sure no one is stupid enough to link their ID on an exchange when they are buying bitcoins, especially with the ban on crypto. Any careful person would be easily able to avoid all of their tracks unless the Indian government is using a lot of manpower to find the random Joe holding 0.1 BTC.

Smart people will use vpns and DEXs.

How would they find a bitcoin user, and how would the government confirm it? Would they raid the person's house for 0.1 BTC?

Tor + VPN

Only works if the person is using the darknet, which not all bitcoin users do.

I can't remember fully since it was a year ago, but since it was changing address, I thought it wouldn't be possible to extract the private keys (especially since the addresses kept changing, and I have like half my funds on 1 address, and the other half on 2 different addresses), so I'd need to either transfer all the coins to a singular new address, or find another way.

I didn't know tools like that existed though, I might run a little experiment with like 5 dollars and see how difficult it is to private key out of exodus - I always wanted to use exodus on desktop and my mobile wallet as well, and have the funds sync up. I did it before with electrum, but the electrum mobile app is pretty ancient and also isn't multi-currencies.

Thanks for this mate

It's again one of those projects where the market is already too packed full of other options, alterations of those options, and spinoffs of those. I'll just name a couple other projects similar: Amazon, Ebay, Gumtree, Bitify, Openbazzar, Modultrade (icoed for 5+ million a couple of years back). There isn't enough room for more innovation to be made, and create another marketplace which will have enough users to make it worth it, your too late unfortunately.

I'm sorry to crush your dreams like this, but my views are reinforced by the fact that you lack funding and good development skills. I recommend trying to work with one of those marketplaces first and learning how they work before making your own platform, there's been a lot of stories of employees leaving and then creating a better version of the company they've worked for.

Good luck OP!

When I used an Iphone around a year around, I personally used Bread Wallet and Trust Wallet . It really depends on what features you are looking for, for example, I stored only small amounts of crypto on those wallets and I preferred a wallet with a nice design and it was multisig. I dislike Coinmi's UI compared to Bread's (especially since I still hold bread to this day), and I've only used it to pull bitcoin gold off my private keys, and it was hard to manage the UI.

Exodus is fine on desktop. I wish I could get private keys of my bitcoins and not just get the 12-word seed, so I can import it to other wallets (samurai on mobile), but it's quite attractive and I've recommended my friends to use it.

Try trustwallet! I think it's probably the best one right now, it's multi-currency and you can also add random erc20 tokens.

Don't stop working on it, but keep that in your mind. Why would people donate to your charity when there are more trusted ones that have already been running for years and have shown an improvement in people's lives already (eg, world vision). There are also a lot of charities that accept bitcoin, just from the top of my head, watsi, save the children and the water project.

There are a lot of horrible people that see charities as a way to defraud people, as long as you can convince and show your community that you are not one of them, you'll be set. If you want to build a charity in a shareholder sort of way, where the people involved could vote for what cause, you'll need to have some trusted take care of the money, and have a portfolio of helping people out.

For example, if you used some of your own money to make a difference to people's lives, that would be a great way to show that you are invested. Even spending your own money to build working smart contracts, websites, social media is viable.

A bitcoin/blockchain-based charity definitely seems interesting though, doing something for the greater good whilst also working with new technology sounds like a dream come true.

It is very difficult to completely ban off one side of the internet, for example, look at China's firewall as an example. Millions of people have VPNs to circumvent that. Think of this ban similar to China's one, with a lot of ways to avoid it, but with more serious consequences (1-10 years jail time.

Here's a quick example of avoiding the ban, and making sure it can't be tracked to you. Keep a DVD/external hard drive with your wallet on it, and when you want to access your wallet, boot of that hard drive. Keep your seed written down somewhere and hidden, and use a VPN, and tor for accessing your wallet, other methods also come to mind, for example, using a virtual machine.

This was a great post, helped me understand the ban fully, thanks!

I'm a bit confused - this means that only private cryptocurrencies will be banned (for example, monero), but will allow centralised cryptos (eg, ETH). If it is just a ban on the private cryptos, I still don't think it'll be that bad, compared to India banning all cryptocurrencies. People who are already using private coins for illegal things will use the coins illegally. If you ban something that is high in demand already, you are shooting yourself in the foot, because then a black market for the banned item will develop and it'll be harder to monitor then before.

So it looks like they are only banning private coins because Libra isn't banned?

As I've said before, it's pretty sad India will follow after China's footsteps instead of Japan or Korea, but they haven't made hefty contributions to blockchain technologies, so it isn't that bad.

No worries 

@Habitus

What are the refunds for? I clicked on 3 of them and they seem to be just refunding 2-3 dollars worth of ETH. Is that all the investment you've received so far? I would have expected more then like 100 dollars raised, because I remember your site having a progress bar showcasing investments that have been sold (I can't see now, because their site just puts me at a placeholder telling me that they are undergoing maintenance.)

Please clarify why you couldn't make your own whitepaper? If you have a revolutionary idea you believe in, you should make sure other people do it right, or do it yourself. Can you also tell us who where the people who lied to you on fiverr, so they can get taken down for scamming.

Had a look at the site, and mostly just reminds me of Coinmarketcap but with a different UI. I like the toolbar UI a lot, but prefer CMC's listing of coins and their separation. I am struggling to find a reason to use this product instead of the preferred number 1, CMC, and my only idea is if you re-did the UI and added more features then Coinmarketcap, but again, what features would that be, other then the one I quoted below, the market for these platforms is already eaten by up by companies like Coinmarketcap and Coingecko


I did have some feedback though. All of the icons for the coins all look very out of place and should be integrated more freely with each column. The 7-day graphs are either incorrect or are transparent (which is why there is a white border). Is is also very awkward and unattractive when the dollar sign is shifted on the other line (see below for a screenshot).



Other those minor fixes - nothing much. Good luck

That's a very interesting update. I remember India being one of the first countries to acknowledge the existence of crypto, and I hoped they would follow the other Asian countries (Japan, Korea) and place a large focus on crypto, as what Kakmakr said in his post. I always thought India would have a more efficient take on crypto and blockchain development and eventually come up with a blockchain that would be basically free to use for most indian people - with speeds that could match bitcoin.

I haven't had the time to have a look at the bill in its entire form, but it does look that crypto debit cards will be allowed, so you can spend your BTC, but selling it and other operations are not allowed. Sad to see India follow China for this, but at least this will be really good for privacy coins like Monero. I can see them coming in as a huge demand now.

You mean using bitcoin as a payment option, not the base of selling products, correct? An example is me selling donuts for 0.001 BTC per donut (using bitcoin as the basis), and selling donuts for 10 dollars but accepting bitcoin as a payment option (your case?).

Bitpay is likely your best option - but I am pretty sure there is a lot of KYC/ID Verification you have to do to open a business account, although they only have a 1% fee. Bitpay as a lot of options for accepting payments via your own site, email and even in person. Another feature is being able to sell your BTC to bitpay and cash out to USD/EURO to your personal/business bank account. You can add multiple payment options, paypal, mastercard as well as this option to make sure your buyers can pay with whatever they feel comfortable because you think that paying in BTC is a pretty big roadblock.

Other options have also been shown by other people, but I still reckon bitpay + paypal + card is the best way.

This is very interesting, but I am very suspicious about how to get these virgin bitcoins. If it was truly a "virgin bitcoin", wouldn't it mean that they can't transfer the bitcoins to the buyer's address (because it'll have a transaction then?). Does this mean that users would have to acquire the private keys of the wallets that already have the bitcoin in it? Sorry, but I don't understand how a person would buy these virgin bitcoins, input from others would be much appreciated. This does help clear things up and is very interesting though


The biggest issue from buying BTC from other people/exchanges/platforms - it would just eventually get tracked back to coinbase/an exchange.

Even if it was a thing, money laundering would be much more profitable/easier through just routing it through fake businesses and then using BTC that way.

Did some research on the ICO.

Looks like they are only listed on a very small exchange, TokenMom. There is currently zero trade history, so that means no one has bought/sold the coin, which leads me to believe that the developers hold 100 percent of all coins.



I looked into TokenMom and they look like a scam exchange as well. Their Twitter, has 6,000 followers but only gets 5-10 likes per post, so the majority of their followers are bought. Their Telegram also looks to be the same, 8000 members but 4 messages a day. Their listing form for projects also seems very sloppily-made, with any project being able to be listed on for an 1 ETH fee.



The only payments that have been sent to that address are below. And there only looks to be 4 transactions made in the last 4 days, so either one of those 4 transactions is Habitus, or they could have the same people behind the project.



Tried to find more information on Habitus, but there is no team page/lindeklin, or an actual address. Nothing else to research.

I would not say that they have a big influence over investors. All they have is a lot of control over investor funds, that is all. But all of these risks are present there whenever you use an exchange.

Especially with hacks. You are essentially constantly trusting the exchange itself to produce accurate figures, and not misappropriate funds in an event of a publicly announced hack. Without regulations, you'd be looking at the users copping all of the losses if the exchange administration is not honest.


I think that the key to using exchanges securely is never be comfortable.

Don't get complacent with your funds on an exchange, just because they may have a good reputation and/or you've had it on there for a long time without any issues. You mention Binance as if it is some sort of model organization, but I would not even be comfortable with them holding my funds in the long term.

In regards to decentralized exchanges, I think that right now it's still a buzzword with no real adoption/real life usage, apart from potentially Idex. Unless they are able to tackle fiat <-> BTC transactions head on, mainstream adoption may be hard to get.