STAY AWAY - they are SCAM
https://bitcointalk.org/index.php?topic=350732.40

I purchased from Cointerra and I can now confirm:

No delivery in January as promised - I asked them in December and they said they were on track to make their January deliveries.

No response to emails in 10 days. No response to their phone line , just an answering machine.

Maybe I was really stupid but I borrowed a *lot* of money to purchase these machines.

I bought previously from KNC and they shipped a higher specification machine and it was delivered on time.

I thought the Cointerra sales pitch was really good , in fact much better than KNC, all of their people looked top notch - Ravi Iyengar , Naveed Sherwani , Timo Hanke - these people did not come across as another BFL Josh Zerlan , these people are real Pro's , so why is it they are now acting like BFL did when they were late with their products ?

If anybody has had a delivery from Cointerra please get back to me , I am now starting to get really worried. If they don't get this sorted out soon I am going to be in serious trouble.

Quote from: asicmadness on January 31, 2014, 08:19:59 PM
Maybe I was really stupid but I borrowed a *lot* of money to purchase these machines.

Quote from: asicmadness on January 31, 2014, 08:19:59 PM
I borrowed a *lot* of money

Quote from: asicmadness on January 31, 2014, 08:19:59 PM
Maybe I was really stupid

Quote from: asicmadness on January 31, 2014, 08:19:59 PM
I was really stupid

Not saying that they will not deliver...but borrowing money for such a risky investment..seems...risky?

What you expect from India shop?
http://e9fun.com/category/indian-funny-pictures/

Is it possible to build distributed exchange?

set of trusted people can change BTC to USD and back using their bank account or/and Paypal

single transaction can be split into several $10 transactions to minimize the risk if one of the "trusted people" failed to transfer money

in order to be moneychanger you need to make a security deposit equivalent to you daily volume limit. Security deposit can be help by higher rank moneychanger.
over the time regular moneychanger can became higher rank moneychanger.
Each transaction can have 0.1% fee to cover distributed exchange risks.

User can download desktop exchange application similar to p2p client which connects to the distributed exchange network.