[ANN] Free auction site like ebay based on bitcoins

[TheMechanic]

Hi there,

I'm starting a new project called FreeZone which should beat ebay + paypal.

The site will be free to use and based on bitcoins. I'm calling me The Mechanic and I'm a senior software engineer and also self employed. My company is registered in Austria and the site will be no scam. It will be allowed to sell legal stuff only to create a reputable marketplace for trading goods with bitcoins.

Although I'm very fast when it comes to software development, for that project I need the backup of the community whereas I mean you!

Beating ebay + paypal is not easy but we can achieve it together!

Therefore I have setup a model for participating in the project. Its like a stock company. The company value of the "freeZone" is given by 1BTC which is 100.000.000 Satoshis. 35% will be given away to the team for participating

The tasks are announced at the site http://www.freeZ1.com

35% will be given away to investors.

The remaing 30% will be kept by myself.

Revenues will be paid back according to the shares.

Now its time to create tension and to get the project off the ground! You are welcome to join!

I have added one task already. It won't be that easy to get 1% share with the next tasks...

[TheMechanic]

Please give me feedback.

Don't you believe its possible?

[SirLolicon]

I believe it's possible, am interested in investing and helping out with the project, because it seems interesting.

But may I have a look at current development on the project?
I have experience with web development myself, but my the help I can provide will be minimal due to my busy schedule and my overall knowledge compared to what is needed.

[TheMechanic]

Every form of participation is welcome. I'm sorry but I can't give you access to the current development at the moment. In the next two weeks I will add more tasks and I will also add the feature to buy shares via bitcoins.

Having limited time is not a problem, everyone can do what's doable for her/himeself.

[Colin Miner]

I'm starting a new project called FreeZone which should beat ebay + paypal.

The site will be free to use and based on bitcoins.

The remaing 30% will be kept by myself.

I don't see your business model making any money for anyone other than yourself.

If the site is free to use, you don't make any revenue.

Ebay makes money from listings fees and sales fees while paypal makes money from transaction fees, but you have neither.

30% for yourself !! That is one huge cut of something.

[TheMechanic]

Hi Colin Miner,

Thank you pointing that out. It was clear that this will be a point of criticism.

First, the project is aimed to build a serious marketplace based on bitcoins. The business model will evolve with the platform. In the past I did several business plans for projects and as a natural scientist I say they are waste of time. A collection of random numbers. Would you trust the model if I say there is a 5% fee? I would definitely not.

Secondly, the shares will be split according to the work done which is really fair. At the moment I keep 30% because of my time spent on the project, but that's not carved in stone anyhow. I may decide to giveaway shares from my 30% in the future.
 
Be honest, would you have believed me 2 years ago if I would have said to you that 1BTC will be worth 1000 USD ?