Wow, so quiet without all the trolls!  I see that the IPO flag is still up on CS and there are more IPO shares for sale... Not sure what's going on there TBH. I've emailed Ryan G to ask him this and some more questions about the exchanges features / apparent lack thereof. I also see that the coinpal.net site is up again and seems to have a little bit more info on it, which is something. Hopefully we'll have more info soon. What trolls? You are such an idiot u know that, when people here trying to help I'm offical back because I DONT LIKE YOU! You should contact your friend and ask also about the missing dividends. He is paying once a week if we are lucky, so that keep guys like you quite. The last divs from 14th june was actually the div for wednesday 11th june. So that means he is 8 days behind in divs in a row, and i havent mention about he other weeks that was missing. I guess he cant paid twice dividend a week anymore when nobody want to buy his IPO shares. Ponzi being halted i guess. Still till today no proof of anything just a cheap clone exchange and way behind in dividends. And for the proof! He is reading this thread just like us but no explaination, guilty imo Profile: Winterparker https://bitcointalk.org/index.php?action=profile;u=134259Edit: Why dont you ask him his bitcoin adress were our coins were withdrawed and the adress he deposit for the dividends tru Cryptostocks. If he want to clear his name he need to come out and speak and show proof. Obviously there is none he will not cooperate, have we not already came to this conclusion. He comes here reads the thread does not give 2 flips to inform his share holders wtf is going on. If you were on the NYSE the SEC would be at the door already, coming to seize all files. |
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Interesting...do you have any plans to list Nxt-like coins, or are you going to stick to regular altcoins?
Every coin can be considered depending on the risk level, ex. script audit, IPO holder background. |
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Woke up with 2 PM's asking me to work on this case, all information on the owners would be helpful. I will start to read though here and see if I can not pull some info on the owners.
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Yes I can see how that would help. Keeps the panic from spreading lol
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I can understand the disdain in investing in another exchange. But if you can not or do not want to invest then all we ask is for you as a customer  This exchange will be owned 90% buy the community please keep that in mind as well. All coins will have the high level of background check and research, to stop scam coins. We will have bank level security it has been and is being checked by crowdcurity for the last 2 months. It is operational already. |
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Security (number one and vital), stability, full and quick responses to customer queries, good graphs over various timescales (Poloniex has the best I know of with the slide-able timescales). Also a responsive site which updates orders quickly and which isn't a cpu resource-hog. What would make you not use a exchange? The reverse of the above. Thank you, support is a big factor in your use correct? I understand that customers hate feeling ignored. |
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I am curious as to what everyone looks for in a exchange?
Do you have specific things it must have?
What would make you not use a exchange?
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I do, and the price we offer will reflect such. It lacks brand awareness how many people had heard of this exchange before today?
Distressed business can be turned around and made to be profitable, it just needs some work. I am willing to put in that work.
They have over 1700 registered users with an ok marketing expenditure. At current volume thats less than .0001 BTC of volume per user every day. I guarantee these users are trading at mintpal, Bter, cryptsy etc. The idea of offering vouchers isn't unique either, crypto-trade offers vouchers (another altcoin exchange + real USD exchange), and there are BTC vouchers available to the public (multiple BTC voucher companies I believe) that people can than exchange at these sites. Would you refund investors if the quota is not met? You need to sell at the very minimum 10% of these shares just to purchase the exchange, and if thats all that is raised (I don't think it would even hit that TBH) your taking a 10% cut for doing just about nothing. Yes, not only that we would place the funds in escrow and use a draw system for transparency. |
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Notice its not required  5 out of 97 people have actually answered it. But if I can make a side buck finding interested investors I will. |
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I do, and the price we offer will reflect such. It lacks brand awareness how many people had heard of this exchange before today?
Distressed business can be turned around and made to be profitable, it just needs some work. I am willing to put in that work.
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Do you have a web link for them? I can not find anything on them.
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If you are on my investors mailing list this is the email number. Please cross check.
To confirm email please match numbers.
Private investor email #134252
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A better question would be "how can I get around this" and that is something I can help with.
Well speak up. |
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They have 0 marketing from as far as I can tell to, so the name is really not worth much.
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Its not a payment company... This would be the stored value card company A “Money Transmitter” is defined as “Any person … who engages as a business in accepting currency, or funds denominated in currency, and transmits the currency and funds, or the value of the currency and funds, by any means…” or “any other business engaged as a business in the transfer of funds”. Although this is as all-encompassing a definition as one can imagine, there are some exceptions: (i) transmission of funds where the transfer is incidental to a transaction for goods or services (other than money transmission) for which the money is paying; (ii) providing delivery, communication, or network access services to a money transmitter to support money transmission activities; and (iii) processing payments through a clearance and settlement system by agreement with a seller or creditor for purchase of, or payment of a bill for, a good or service. - |
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It would function as is, until we can build up momentum. Focusing on alt-coins that are pre-vetted for code security and owner fraud. It will also take time to get the system in place to take the stored value cards, it will take a direct plug into the exchange to activate the stored value. If we were to build a exchange from scratch it would have to be PCI compliant, with this one already having bank level security it would be another cost not incurred. Except you can't umbrella under their license for WU/ACH etc.
No but that's what the MSB is for take CoinRNR for example Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else. Also, since you publish reports on people, can we see the report on YOU? This was addressed already lol I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential. I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future. While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange. The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts. Bex.io wants 25k liquid and they take 50% off all profit  . Don't get me wrong, you help out this community a lot with keeping security operators in line, but that line right there made me cringe. Your not shark tanking anything, your litterly funding something that might happen exclusively with other people's money, thats not being shark tanked, thats you getting a 10 BTC for free (Putting in effort to grow value of the business, which in turn grows your 10 BTC share). Here is the biggest reason this will fail: Most people have no clue what bitcoin is. Not to mention dogecoin, methcoin, potcoin or other coins that frankly the public will never be interested in owning. Infact, methcoin / potcoin and other shitcoins make people not want to purchase bitcoin. Realistically, bitcoin, litecoin and other investor / customer friendly coins are the only ones that succeed. You won't be able to take this mainstream. Even more realistically: Even the most successful IPO's in cryptoworld don't sell out. You will be lucky to sell even 30%-40% of the 100k shares for sale. Your marketing budget will quickly be eaten, leaving a small operating budget as the revenue of this site is currently 0, with a small daily volume. I wish you the best of luck, but I can't see this working Its bringing it to the masses but targeted the average user. Want to see a segment not serviced? Look at local bitcoins and see how many people you will find that sell 25$ or 50$ dollars in coins. The simple matter is if you can only buy bitcoin in large amounts at a time it creates resistance in the market place. Its all about finding the least path of resistance in the market place. |
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Gov Regulation compliance.
You'll need more money for that one... MSB is free http://www.fincen.gov/financial_institutions/msb/What will cost will be KYC/AML integration, I do not see a large overhead for this. We are using a pre-licensed Money Transmitter to do the stored value cards, so we will umbrella under his license on that aspect. |
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Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else. Also, since you publish reports on people, can we see the report on YOU? This was addressed already lol I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential. I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future. While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange. The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts. Bex.io wants 25k liquid and they take 50% off all profit . |
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