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1  Other / Beginners & Help / Re: Advice & guidelines for setting up a Bitcoin exchange? on: February 13, 2014, 05:38:16 AM
Indeed, this is at the forefront of my considerations !

HMRC is due to set new guidelines for BitCoin taxation which are reputed to be favorable, dropping the current requirement to pay capital gains tax and instead treating it as a private currency Smiley

Regarding 'Know your user' requirements, I think we've got that covered.

Many thanks to the community for considering our freedom an asset worth protecting ! Cheesy
2  Other / Beginners & Help / Re: Advice & guidelines for setting up a Bitcoin exchange? on: February 12, 2014, 12:26:26 PM
Thanks 1Neptune Smiley

Obviously if there was nothing but lurkers it wouldn't be much of a community, however at the same time the quality of information being shared would be vastly improved if some opted to lurk instead ha !

I really don't see much point in posting unless you've something to say that hasn't been said already Tongue

As for balls, fortunately I have found a partner who's balls may be even bigger than mine! Cheesy

But yeah, thinking about it this probably does win the 'Most Ambitious First Post Ever' award!!

Thanks for the wishes of good luck, I'll take all I can get Smiley
3  Other / Beginners & Help / Re: Advice & guidelines for setting up a Bitcoin exchange? on: February 11, 2014, 04:01:10 PM
Bumparoo
4  Other / Beginners & Help / Advice & guidelines for setting up a Bitcoin exchange? on: February 11, 2014, 01:35:19 AM
Hello I realize I am likely to get a nub-bashing for making such an audacious first post... (long time lurker, first time poster!:)

With the demise of Mt Gox I think the entire community feels that there needs to be more exchanges globally.

In the UK there is a distinct lack of a transparent escrow-based trading platform and therefore I am considering building one... CoinFloor was meant to be our savior (4 months ago...)

I have a few questions:

1) How much BTC do you think the site would need for an original start-out supply
2) How much fiat capital would be required for the escrow system to function smoothly
3) Would any exchange admins be willing to provide me/my partner a mentoring role in return for a share of the business? In my experience it's always better to learn from other peoples mistakes...

Tear me down if you like; you'd probably be right to - who is this blonking spiggle, talking about setting up an exchange in his first post?!

The guy who doesn't speak but pays attention is just as much a community member as the guy who posts every day Wink

Thanks
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