[ ANN ]FIRST ALTCOIN EXCHANGE ACCEPTING TRADES IN BOTH INDIAN RUPEES AND UNITED

[Paul Revere]

@ Coldcoiner: Everything about Paycoin and therefore TNT coin that you stated in that linked post is completely WRONG. Everything that you think you know about Paycoin is based on what Josh told you. Guess what? He LIED to you. Josh played you for a fool. There was exactly one purpose for Paycoin, and that was to take YOUR MONEY and put it in JOSH"S POCKET. If you want to know what actually transpired, I suggest reading the Paycoin scam thread here. The entire scam and exactly how it was and still is being committed is laid out in great detail.

AGAIN: Please quit being a fucking asshole. No one is going to allow you to commit this TNT scam here.

You mother fucker son of a prostitute it dosn't matter to us what you fool think or beleive go and lick josh ass. just like you are doing from past several months.  

P.S. Why have you locked the TNT thread and are discussing the coin here?

[cryptofunk]

All the buy bids on your own exchange are under $1, this doesn't seem very logical if the floor is $1.

Considering that the exchange trades under the $1 value and that nothing will stop your exchange or any other exchange to trade the currency freely at real market value I don't see the point in buying it for $1 with or without escrow.

Paul has a point regarding regarding staked coins, if my $1 is worth $1.20 including stakes in 3 months, you don't have the money to back the extra $0.20 I have generated.

If the escrow role is to back the currency value at $1, what is there to stop you from selling against that security when the escrow forwards you the funds (you get the funds, you sell a couple of TNT for $1 for operating costs or whatever other reason you can come up with)?  Your Prime Controllers will be generating insane amount of free money every day.  Having Prime Controllers is a big red flag and I fail to see the reason for them to even exists if your intent is to try and enforce a $1 floor.

If this will all be traded to FIAT and back, the fee on fiat transfers can be significant, this fee will have to be pushed to the consumer... The escrow will also want to be remunerated increasing the cost to acquire the coin.  Why would someone spend $1.15 to by a $1 coin why would they when they can use their $1 for face value at the moment?

[Paul Revere]

All the buy bids on your own exchange are under $1, this doesn't seem very logical if the floor is $1.

Considering that the exchange trades under the $1 value and that nothing will stop your exchange or any other exchange to trade the currency freely at real market value I don't see the point in buying it for $1 with or without escrow.

Paul has a point regarding regarding staked coins, if my $1 is worth $1.20 including stakes in 3 months, you don't have the money to back the extra $0.20 I have generated.

If the escrow role is to back the currency value at $1, what is there to stop you from selling against that security when the escrow forwards you the funds (you get the funds, you sell a couple of TNT for $1 for operating costs or whatever other reason you can come up with)?  Your Prime Controllers will be generating insane amount of free money every day.  Having Prime Controllers is a big red flag and I fail to see the reason for them to even exists if your intent is to try and enforce a $1 floor.

If this will all be traded to FIAT and back, the fee on fiat transfers can be significant, this fee will have to be pushed to the consumer... The escrow will also want to be remunerated increasing the cost to acquire the coin.  Why could someone spend $1.15 to by a $1 coin why would they when they can use their $1 for face value at the moment?

Coldcoiner says that a floor is impossible with Prime Controllers for Paycoin, and also says that a floor is possible with Prime Controllers for his Paycoin clone , TNT. Seems legit.

[wunkbone]

All the buy bids on your own exchange are under $1, this doesn't seem very logical if the floor is $1.

Considering that the exchange trades under the $1 value and that nothing will stop your exchange or any other exchange to trade the currency freely at real market value I don't see the point in buying it for $1 with or without escrow.

Paul has a point regarding regarding staked coins, if my $1 is worth $1.20 including stakes in 3 months, you don't have the money to back the extra $0.20 I have generated.

If the escrow role is to back the currency value at $1, what is there to stop you from selling against that security when the escrow forwards you the funds (you get the funds, you sell a couple of TNT for $1 for operating costs or whatever other reason you can come up with)?  Your Prime Controllers will be generating insane amount of free money every day.  Having Prime Controllers is a big red flag and I fail to see the reason for them to even exists if your intent is to try and enforce a $1 floor.

If this will all be traded to FIAT and back, the fee on fiat transfers can be significant, this fee will have to be pushed to the consumer... The escrow will also want to be remunerated increasing the cost to acquire the coin.  Why would someone spend $1.15 to by a $1 coin why would they when they can use their $1 for face value at the moment?

http://preev.com/btc/usd/source:localbitcoins

0.00042 = 0.1018


AND AT PRESENT THERE WAS A BUY ORDER FOR :

1499.49 TNT AT 0.00042 BTC EACH


WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN 

[Paul Revere]

All the buy bids on your own exchange are under $1, this doesn't seem very logical if the floor is $1.

Considering that the exchange trades under the $1 value and that nothing will stop your exchange or any other exchange to trade the currency freely at real market value I don't see the point in buying it for $1 with or without escrow.

Paul has a point regarding regarding staked coins, if my $1 is worth $1.20 including stakes in 3 months, you don't have the money to back the extra $0.20 I have generated.

If the escrow role is to back the currency value at $1, what is there to stop you from selling against that security when the escrow forwards you the funds (you get the funds, you sell a couple of TNT for $1 for operating costs or whatever other reason you can come up with)?  Your Prime Controllers will be generating insane amount of free money every day.  Having Prime Controllers is a big red flag and I fail to see the reason for them to even exists if your intent is to try and enforce a $1 floor.

If this will all be traded to FIAT and back, the fee on fiat transfers can be significant, this fee will have to be pushed to the consumer... The escrow will also want to be remunerated increasing the cost to acquire the coin.  Why would someone spend $1.15 to by a $1 coin why would they when they can use their $1 for face value at the moment?

http://preev.com/btc/usd/source:localbitcoins

0.00042 = 0.1018


AND AT PRESENT THERE WAS A BUY ORDER FOR :

1499.49 TNT AT 0.00042 BTC EACH


WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN  

Whoah! Better tell Bitpop to brush away the beer bottles and crawl out of the couch then, he has some escrow action incoming! Have you sent him a copy of the escrow agreement , including the method of determining how to penalize stake during the escrow period? I would like to see that, along with your notarized signature on it, of course, because that would be required for it to be legitimate legal document allowing you to claim action over someone else's property.

[cryptofunk]

http://preev.com/btc/usd/source:localbitcoins

0.00042 = 0.1018


AND AT PRESENT THERE WAS A BUY ORDER FOR :

1499.49 TNT AT 0.00042 BTC EACH


WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN  

Preev and Google are at 0.004385BTC, that's a 5% difference.  You're using deflated figures, localbitcoin isn't a valid source, of course people put in a profit margin, I'm not going to sell you a bitcoin for free...

People are making good points and rather than seeing them and try fixing your mess you keep deflecting.  Of course having to pay more than $1 to get $1 has an effect, why would someone pay $1.15 to be able to buy from your online store at a $1 value?

[wunkbone]

http://preev.com/btc/usd/source:localbitcoins

0.00042 = 0.1018


AND AT PRESENT THERE WAS A BUY ORDER FOR :

1499.49 TNT AT 0.00042 BTC EACH


WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN  

Preev and Google are at 0.004385BTC, that's a 5% difference.  You're using deflated figures, localbitcoin isn't a valid source, of course people put in a profit margin, I'm not going to sell you a bitcoin for free...

People are making good points and rather than seeing them and try fixing your mess you keep deflecting.  Of course having to pay more than $1 to get $1 has an effect, why would someone pay $1.15 to be able to buy from your online store at a $1 value?

We are using the same rate for buy and sell several exchanges are using that . i don't think there a problem in that.

if we are taking bit coin at 5% above market we are also giving 5% above market.


and no need to discuss the rate know because:

Till now we didnt sold a single coin. so we not owe anything to anyone. As soon we sell one we will place buy order in USD

At present only coins user out side our circle only got TNT coin through faucet and if they want to sell it they can do it


And no one was able to scam other giving free coins

[Paul Revere]

Show the order where you include 5% more TNT coin please.

Also, still waiting on a copy of the escrow contract.

[cryptofunk]

We are using the same rate for buy and sell several exchanges are using that . i don't think there a problem in that.

if we are taking bit coin at 5% above market we are also giving 5% above market.

You are trading it a 5% below market, not above.  It can be sold on Bitstamp for 0.0045BTC at the moment which would be almost 7% instant profit, it's a real cash cow you have there if you can make 5%+ on every trade

[wunkbone]

We are using the same rate for buy and sell several exchanges are using that . i don't think there a problem in that.

if we are taking bit coin at 5% above market we are also giving 5% above market.

You are trading it a 5% below market, not above.  It can be sold on Bitstamp for 0.0045BTC at the moment which would be almost 7% instant profit, it's a real cash cow you have there if you can make 5%+ on every trade

Every exchange has it own rate on black market deals you can get even more but that doesn't matter to us. If user buys a coin then also they pay BTC according to the rates we list buy order in our exchange


like if some one want to buy they can also get TNT at the same we are buying back it .

[Paul Revere]

We are using the same rate for buy and sell several exchanges are using that . i don't think there a problem in that.

if we are taking bit coin at 5% above market we are also giving 5% above market.

You are trading it a 5% below market, not above.  It can be sold on Bitstamp for 0.0045BTC at the moment which would be almost 7% instant profit, it's a real cash cow you have there if you can make 5%+ on every trade

Every exchange has it own rate on black market deals you can get even more but that doesn't matter to us. If user buys a coin then also they pay BTC according to the rates we list buy order in our exchange


like if some one want to buy they can also get TNT at the same we are buying back it .

So now you are involved in Black Market trading? Please explain. Drugs? Weapons? Prostitutes?

[cryptofunk]

False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.

Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.

[Paul Revere]

False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.

Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.

You clearly said Black Market. That means illegal. Please explain your Black Market activities.

[cryptofunk]

False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.

Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.

You clearly said Black Market.

Did I? lol

Think you quoted the wrong post

[wunkbone]

False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.

Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on for your exchange.

i am not ignoring constructive discussions

let me clear it :

if we are giving 0.0042 BTC for 1 coin valued at 1$/coin.  Then the users who buy coin also give us the same rate they are not going to pay 0.0045 for 1$ thats the thing and at present you can only get coins from directly from us or indirectly from us through escrow.


tntswap ======= coin ========user/buyer

tntswap =======coin=========escrow========user/buyer

tntcoin.con ( faucet ) ===============user



so if today we are selling one coin for 0.0042 BTC then we are also buying it for the same 0.0042.

and if you have any suggestion we are open for that
 

[Paul Revere]

False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.

Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.

You clearly said Black Market.

Did I? lol

Think you quoted the wrong post

OOps. LOL . Yes, I obviously thought you were CC denying his Black Market activities. My apologies for this error.

@ Coldcoiner: Please explain your illegal Black Market activities.

[suchmoon]

If I'm reading this right they are not going to buy back any coins at $1 except ones they sell through escrow (which would be your own money returned to you sans fees) or "directly" (not happening yet but also likely your own money returned to you sans fees). So these are basically loans, they lend you TNT for a BTC collateral. All free trade on exchanges will have the same value as any other shitcoin. Such innovate.

[Paul Revere]

False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.

Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on for your exchange.

i am not ignoring constructive discussions

let me clear it :

if we are giving 0.0042 BTC for 1 coin valued at 1$/coin.  Then the users who buy coin also give us the same rate they are not going to pay 0.0045 for 1$ thats the thing and at present you can only get coins from directly from us or indirectly from us through escrow.


tntswap ======= coin ========user/buyer

tntswap =======coin=========escrow========user/buyer

tntcoin.con ( faucet ) ===============user



so if today we are selling one coin for 0.0042 BTC then we are also buying it for the same 0.0042.

and if you have any suggestion we are open for that
 

Where is the $1/coin backing for faucet coins? Where is the $1/coin backing for staked coins? Where is the $1/coin backing for the coins you are selling? Keeping the funds yourself does not constitute escrow, unlike what your hero Homero wanted to think. You would need to send it to a third party, otherwise it is a sale, not a backing. Also, where is the escrow contract?

[Phildo]

You still haven't explained how the staking will work at all.

Soon^TM

You fools you didn't know how coin staking works :-)


Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-)

I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to.

Those to me seem like important questions if I were to use your coin as opposed to one of the others.

As already stated several times that user can choose his escrow.

So prior buying user can deal with escrow how to handle it. Like if user want escrow to convert the BTC to fiat and keep the fiat in escrow then he has to make that deal with escrow he selected. We don't have any control on it.


And you are not giving money to us you are giving it to escrow to hold it for 90 days. In between if you found that its not benificial for you to keep the coin you can return the coin and get your money back from escrow.


What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.

A:   We don't have to give extra money to user for stake generated coins if they purchased it using escrow. Because untill they close the escrow and release fund to us they are holding our coin against security so every coin generated from that belong to us. And if they want to get their escrow fund back thay have to return actual coin they buyed + stake generated to escrow.

So then what is the point of the escrow? Or the coin?

I give the escrow $100. I get 100 coins. How can I use them if that cancels the escrow. How do other people get the coins. What is the point of this?

[Paul Revere]

You still haven't explained how the staking will work at all.

Soon^TM

You fools you didn't know how coin staking works :-)


Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-)

I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to.

Those to me seem like important questions if I were to use your coin as opposed to one of the others.

As already stated several times that user can choose his escrow.

So prior buying user can deal with escrow how to handle it. Like if user want escrow to convert the BTC to fiat and keep the fiat in escrow then he has to make that deal with escrow he selected. We don't have any control on it.


And you are not giving money to us you are giving it to escrow to hold it for 90 days. In between if you found that its not benificial for you to keep the coin you can return the coin and get your money back from escrow.


What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.

A:   We don't have to give extra money to user for stake generated coins if they purchased it using escrow. Because untill they close the escrow and release fund to us they are holding our coin against security so every coin generated from that belong to us. And if they want to get their escrow fund back thay have to return actual coin they buyed + stake generated to escrow.

So then what is the point of the escrow? Or the coin?

I give the escrow $100. I get 100 coins. How can I use them if that cancels the escrow. How do other people get the coins. What is the point of this?

@Coldcoiner: Red highlighted portion explains everything. You have no control over escrow, therefore there is no super special escrow contract that precludes dumping stake. There is either a real and legal contract, or there isn't. You are saying there is no escrow contract, therefore everything you say about the escrow protections are complete and total bullshit.