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Author Topic: Bitcoin4Cash is now Automated (well, mostly)  (Read 1458 times)
The Madhatter
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December 08, 2010, 07:22:09 AM
 #1

Hello all,

I'm proud to announce that I finally have Bitcoin4Cash trades semi-automated. (A humanoid still has to open the envelopes. Tongue )

You can now book trades here instantly without having to email me each time.

Check it out and let me know what you think. Wink

Cheers!
The Madhatter
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nanaimogold
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December 08, 2010, 07:31:38 AM
 #2

Hello all,

I'm proud to announce that I finally have Bitcoin4Cash trades semi-automated. (A humanoid still has to open the envelopes. Tongue )

You can now book trades here instantly without having to email me each time.

Check it out and let me know what you think. Wink

Cheers!
The Madhatter


Ha!

I beat you to it!

;-)

https://www.nanaimogold.com/ - World's first bitcoin exchange service
The Madhatter
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December 08, 2010, 07:41:56 AM
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Well now there are two sites! Tongue
nanaimogold
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December 08, 2010, 08:37:08 AM
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Yeah, good luck with that.

I've always said, the more exchangers the better! The more access to other currencies, both private and evil regime, the better the trade can flow. Readers should not assume that competition exists - at least not yet!

I've got a bit of an issue where some smart guys are making orders, then waiting to see if the price goes up or down before deciding whether or not to honor their pledge. I have been warning them that if their letters are mailed more than a day after the deal was made, I will use price history against post mark to calculate a fresher exchange rate.

Hey, fair is fair.

I see you have implemented the deposit idea like Kitco does on their online metal sales. Let me know what ratio of buyers can chose that option. I thought of doing that too but I assumed that too few buyers would actually have the btc for the deposit. Let me know if I'm wrong.

I see I have to change my pricing structure now too. Since you are charging for the service, I will no longer offer it for free as I have been doing. I will match your fee structure exactly.

Do you intend to start publishing your trade volumes like Mt Gox and btcex do? I have been just manually adding up all the trades at the end of every day. Need to figure out a way to better automate that. Multiple wallets and vectors for the fiat side of the exchange make it a bit of a challenge.

cheers!

Shane

https://www.nanaimogold.com/ - World's first bitcoin exchange service
Cryptoman
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December 08, 2010, 06:13:23 PM
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What's the status of bitcoin2cc.com?

"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
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December 08, 2010, 06:44:59 PM
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TheMadHatter: It seem that you are alway chronically short/empty of visa cards.

jgarzik
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December 08, 2010, 06:45:40 PM
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What's the status of bitcoin2cc.com?

I was wondering same.  I went there and the buttons are greyed out, with zero available numbers.

bitcoin2cc is an important service for the bitcoin community, IMO.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
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The Madhatter
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December 08, 2010, 06:58:08 PM
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The status of Bitcoin2CC? I refill it every 2 days. I could literally sell $500/day worth of cards on that site if I wanted to.

The problem is that I am unable to sell the coins off fast enough so I have to keep pausing/throttling Bitcoin2CC so that Bitcoin4Cash can catch up. :/

As it stands now there are 5 cards available. They'll provably be gone by the end of today.
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December 08, 2010, 07:02:02 PM
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The status of Bitcoin2CC? I refill it every 2 days. I could literally buy $500/day's worth of Bitcoins with that site if I wanted to.

The problem is that I am unable to sell the coins off fast enough so I have to keep pausing Bitcoin2CC so that Bitcoin4Cash can catch up. :/

As it stands now there are 5 cards available. They'll provably be gone by the end of today.


Hat dude, look at PM
The Madhatter
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December 08, 2010, 07:15:57 PM
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Hat dude, look at PM

Wink
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December 08, 2010, 07:25:42 PM
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As it stands now there are 5 cards available.

The website shows zero.  I guess this is the BTC sell-off problem you just mentioned?

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
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Cryptoman
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December 08, 2010, 09:19:00 PM
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I think this is a good problem to have.  Do you need to adjust your exchange rates so that supply and demand come into equilibrium?

"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
The Madhatter
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December 08, 2010, 09:55:53 PM
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The website shows zero.  I guess this is the BTC sell-off problem you just mentioned?

Yup. I just added 5 more.
The Madhatter
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December 08, 2010, 10:00:26 PM
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I think this is a good problem to have.  Do you need to adjust your exchange rates so that supply and demand come into equilibrium?

Oh, I have been adjusting the rates. Smiley
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July 17, 2011, 01:03:28 PM
 #15

Hi,

I have seen your website for exchanging cash for bitcoins. I am interested in setting up a similar service within the UK.
I would appreciate any advice you may have to offer when starting out? Any precautions I need to take etc?
In return I will link your site on mine for visitors from the US/Canada who may have strolled onto my site.

Thanks in advance!

1HNffyHktcD2iB6WJhPxKbALJdg4dwerTG
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