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1  Local / India / Network is 200 Pentahash only! on: August 20, 2014, 02:16:57 PM
Current network rate is 200 pentahash only.

This is just beginning! In distant future, there will be mining treaty between countries for mining related activity considering its giant carbon footprint. And, in not so distant future, when technology will reach momentarily saturation then, electricity will be biggest governing factor for profitable mining. We've advantage and government perks here! I knew this was coming and therefore, I've managed to create business relation with few innovative broker(s)* willing to provide mining instruments for establishing mines at free of cost. All we've to do is provide basic infrastructure for their LD mines, electricity and internet connection to these guys remaining being their responsibility.

Look forward to your further interest and questions. I need to team up with people willing to take it to next technical level for investment procedure.


* Innovative because these smart guys knew by 2014-2016 there would be companies with unsold surplus of equipment's, but not infrastructure and electricity to run them. And they were active at international conference bridging gap.
2  Local / India / This post is inactive now. Thanks! on: August 20, 2014, 01:52:21 PM
Dear Prospective Investor,

Thank you for taking the time to read through my thread, even though you are not familiar with me or my work. We’re in process of setting up new company ZeroSum Private Limited for various Bitcoin related business which includes setting up exchange, franchise mining, physical-coin-chain and white label services during later stages. Because of your well-known interest in Bitcoin ecosystem, we would like to offer you the first opportunity in chain i.e. investment in real-time exchange. The returns promise to be excellent, both financially and in the other knowledge domains disclosed in later stages of investment procedure.

As the pace of Bitcoin economy seems to be getting faster with every passing day, we’ve decided to provide community with investment opportunity in parallel with venture capitalist (with limited understanding of Bitcoin and perfect understanding of business). This is excellent window of opportunity for investors, enthusiast, nationalist, and visionary like us. I wish to combine our collective knowledge, capital and experience to create win-win situation for each of stakeholder. Feel free to propose you candidature in any related domain you expertise.

Basically, we’ve has surpassed conception which includes nourishing idea and R&D stage. Some aspects of seed stage have been fulfilled like developing the basic concept, blueprinting product, signing MoU and business plan. With formal investment, we will be entering ‘start-up’ stage where responsibility will be setting up formal company, setting up business, hiring team, forming strategic alliance, setting up services, market launch and going live. This entails quite a lot of cost, which is one of the main reasons why we are opening up our company to investments. I have drafted exhaustive business plan which outlines our business development and investment plan more clearly (except risk and mitigation strategies), accessible to interested investors to proceed with investment process. Only after reviewing and discussing, you’d be able to decide if this is something you would like to be involved in.

Spread the word! And I look forward to your further interest and questions.


Thanks,
ZeroSum Believer
3  Economy / Service Discussion / How does Coinbase cope with current situation? on: August 19, 2014, 11:28:27 AM
Coinbase is not conventional real time exchange where price is determined by demand-supply. They fetch rate from Bitstamp and execute trades. That's it!
That said, how do they cope with current situation like this, where flash crash occurs? I guess, their buying and selling is backed by liquidity plus some buffer stocks of coins. Do they forward order to order books of international exchanges?

Don't you think, exchanges like Coinbase would distort market in near future if they become too big? Because real time exchanges are suppose to determined rate by processing information by individual buyer/seller with their price quote. What is mean is, price is determined by information, that is one of basic principles of free market and when exchanges like Coinbase are too big they can absorb very important 'buying/selling order that ought to be reflecting information/market sentiment.
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