[ANN] mcxNOW.com : Deposit. Earn Interest. Trade.

[erk]

CopperLark uses a different mining algorithm sha3 I believe, so it's an unusual coin.

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[bidji29]

mcxFEE trading will open wednesday!

[erk]

My biggest problem with MCXFee is that we only get a portion of the divs and we on't really own anything. Selling the trading engine and the site will not give us a bitcent and if realsolid decided that a certain service is separate from the original deal of the fees shared...... we are screwed again.

It would have sound more promising if realsolid took the effort to enlist MCXFee on Bitfunder, Havelock and crytostocks. Generally really solid no one gives a satoshi about your identity the people just want the peace of mind knowing that someone out there knows it and willing to help in case you decided to screw us all over.

When I put money in a bank account I don't get to own the bank either. I might get some interest if I am lucky. mcxFEE are not stock equities, they are not intended to give you part ownership of mcxNOW, they are a simple investment vehicle like units in an investment fund, you are trying to compare them to something they were never intended to be.

Yes, but you can take the bank to court if they don't return your deposit...

Yeah, just look at Cyprus.

[QuantPlus]

Pointless, firstly you are going down the path of stocks again not investment units, secondly Realsolid holds over 50% of the mcxFEE units, therefore he would have to pass the vote anyway.

I wasn't saying equal voting to each share, I said voting of the public holders vs. the owner, the publicly held shares voting rights are proportionally divided (Hypothetically let's say they have 70% influence) and then the owner has the remaining (30% in this scenario).

From the example given this removes voting rights from the portion of fee shares held by MCX now maintenance, the lotto, non share holding interest earning public and all of the owners reserved shares save for the ones he buys from the public stock in secret (if he does).  This is not stock this is feedback with a little bit of influence.  It could even be implemented and possibly should be implemented in a non-binding manner leaving all votes in public record vs. what actions were/were not taken.

This system could also be useful to add a feature to allow fee holders the ability to submit votes assuming they hold some number of shares > 1 and possibly with an attached fee to help weed out spam vote submission.

The site works well because it's not run by a committee or voters. Realsolid tends to do what he wants when he wants to. Your idea is out of touch with the reality of the situation.

This - "Your idea is out of touch with the reality of the situation." - but you will never understand it.

RS is always looking months/years down the road (MicroCash, gaming)...
He's an experienced (late 30s) genius level C++ engineer who is an Idea Machine...
Not unlike someone like Steve Jobs minus the management skills.

Of course, not all ideas/decisions pan out...
(But really unusual ones like Chat Banning are actually pulling in serious revenue)..
And the MCX Platform is the biggest success in the Alt Space for 2013.

I want to invest in RS...
Not some committee of random people who own $100 of FeeShares. 

FeeShare trading resumes Wed and volume will be huge...
If a 5K float was doing 1,000 BTC/day...
My guess 30K public float will be doing at least TRIPLE that = 3,000 BTC/day long-term 24/7...
That is $50,000/month revenue just from FeeShare trading.

[TracerX]

Not unlike someone like Steve Jobs minus the management skills.

Comparison fail.
Steve Jobs is neither an engineer or a "genius".
Can't say his management skills were good either. At least not for the people who had to endure him.

Steve Jobs' actual talent is his Reality Distortion Field.

lolololololol.

You're obviously the smartest person we've all met--do you have a newsletter we could join?

[QuantPlus]

https://mcxnow.com



mcxNOW is happy to announce its most significant update, including features that we hope will become standard across all other exchanges. It is our goal to revolutionise crypto-currency trade.

All balances earn interest
mcxNOW has begun redistributing 25% of all profits directly to its users. If you hold a balance on mcxNOW, you automatically earn interest.  Interest is proportional and dividends are posted every 6 hours.

Earn more by investing in mcxFEE shares
You can also invest in the exchange by purchasing mcxFEE shares. For each mcxFEE you own, you receive 0.001% of all exchange fees.

Fee revenue isn't limited to bitcoins. All fees, for each currency, are re-distributed to shareholders every 24 hours.  Purchasing shares is just one more way that you can sit back and enjoy watching your crypto-portfolio grow.

Seems to good to be true, doesn't it? [Read the interest/mcxFEE FAQ for additional details]

What about security?
Four months and not a single satoshi lost! mcxNOW is custom built, using the same technology used to operate and secure the NYSE.  There are zero known vulnerabilities to exploit, artificial intelligence processes checking every packet and the service has had proven 99.99% uptime with exceptional DDoS resistance.

Current trade offerings include Litecoin (LTC), Primecoin (XPM), Solidcoin (SC), Minecoin (MNC), Worldcoin (WDC), Devcoin (DVC) and Copperlark (CL), with other coins coming in the very-near future.

mcxNOW feels that exchanges must exist, first, for their clients.  Profit-sharing should be part of each users experience.  

Questions?
If you have anymore questions, please do not hesitate to take a look at our FAQ

Hi, took my first visit
no MEC?

please add megacoin and will gladly join up

I actually never heard of copperlark and thats listed???

The site was initially designed for the sole purpose of reviving/trading SolidCoin...
And RS thought it would be just a little SC cult.

When they started adding coins the criteria was esoteric...
But generally they want the coin to be interesting in some way...
Like WDC is Australian and is being massively pumped these days...
Often surpassing 1000 BTC/day...
It's some of the easiest money I've ever made trading.

MNC kinda falls into the SC category...
Where it was revived, cracked the Top 10 in Market Cap, and often trades 1000 BTC/day...
As opposed the dogs of Cryptsy that do 0.5 BTC/day.

Also the 3 classics were added LTC, XPM, and PPC.

Only FTC and DVC have failed to do volume on MCX... and will likely be replaced.

Most coins that list on MCX...
Start doing record volume and double/triple as the Pumpers go to work.

As someone who has been grinding for 20 years on the NYSE... MCX is a fucking blast.

[STT]

Thats an interesting run down, so restricting range of coins is an advantage rather then just allowing anything at all

[QuantPlus]

Thats an interesting run down, so restricting range of coins is an advantage rather then just allowing anything at all

RS and davidpate and whale are pro pumpers...
And there's a hardcore group of maybe 50 traders that play the game on MCX...
So, generally, they like to list quality coins that traders like to Pump.

And pumping is not Zero Sum...
They have moved coins into Top 10 Market Cap like WDC and MNC...
Whereas these coins would be languishing on Cryptsy.

Also, SC is supposed to be exchanged 1:1 for MicroCash eventually.

------------------------------------------------------------------

RS: "Fees start trading in < 24 hours. Hide your wife hide your kids".

Tuesday night is morning in Australia.

[notyep]

Thats an interesting run down, so restricting range of coins is an advantage rather then just allowing anything at all

RS and davidpate and whale are pro pumpers...
And there's a hardcore group of maybe 50 traders that play the game on MCX...
So, generally, they like to list quality coins that traders like to Pump.

And pumping is not Zero Sum...
They have moved coins into Top 10 Market Cap like WDC and MNC...
Whereas these coins would be languishing on Cryptsy.

Also, SC is supposed to be exchanged 1:1 for MicroCash eventually.

------------------------------------------------------------------

RS: "Fees start trading in < 24 hours. Hide your wife hide your kids".

Tuesday night is morning in Australia.

+10

[erk]

It looks like about 17,000 of the 45,000 mcxFEE units on offer didn't sell, only a few hours before normal trade resumes for them. This means a couple of things, firstly there is a surplus of mcxFEE on the market, secondly they have milked most of the BTC liquidity out of the exchange.

[bidji29]

Only 2 hours left !


https://mcxnow.com/buymcx.html

[erk]

I see that mcxFEE got down at low as 0.25BTC within two days of trade commencing. They are currently at 0.3179. Considering most of the 28,000 sold over the past week or so were at 0.4BTC I wonder what most of the holders are now thinking?

There were 45,000 units on offer, but RS had to take back roughly 17,000 of them as they were not selling well. I suspect the 0.4BTC price was unrealistic given the large volume on offer. Remember that there were 5,000 mcxFEE circulation prior to this sale, and to suddenly have 900% more hit the market was not going to happen unless they were at a good price. Which I suspect, was somewhere around 0.2-0.25BTC each. As soon as trade resumed two days ago, aside from a small manufactured pump, the unit price has stayed well below the 0.4BTC issue price. It will be interesting to see how long it takes for unit holders to break even.


 

[bidji29]

I see that mcxFEE got down at low as 0.25BTC within two days of trade commencing. They are currently at 0.3179. Considering most of the 28,000 sold over the past week or so were at 0.4BTC I wonder what most of the holders are now thinking?

There were 45,000 units on offer, but RS had to take back roughly 17,000 of them as they were not selling well. I suspect the 0.4BTC price was unrealistic given the large volume on offer. Remember that there were 5,000 mcxFEE circulation prior to this sale, and to suddenly have 900% more hit the market was not going to happen unless they were at a good price. Which I suspect, was somewhere around 0.2-0.25BTC each. As soon as trade resumed two days ago, aside from a small manufactured pump, the unit price has stayed well below the 0.4BTC issue price. It will be interesting to see how long it takes for unit holders to break even.

The 0.4 are worth it considering the result.

If they were not all sold it's because of a lack of liquidity.

THe price is at 0.3 but we are talking about very small quantity traded at this price. There is no buyers left, they all have the share they wanted. And now they are holding.

For the price to go up, the exchange need new people, and fresh BTC deposit. I think it's in a good way. Today was an all-time highconcurent users : 1600

[erk]

I see that mcxFEE got down at low as 0.25BTC within two days of trade commencing. They are currently at 0.3179. Considering most of the 28,000 sold over the past week or so were at 0.4BTC I wonder what most of the holders are now thinking?

There were 45,000 units on offer, but RS had to take back roughly 17,000 of them as they were not selling well. I suspect the 0.4BTC price was unrealistic given the large volume on offer. Remember that there were 5,000 mcxFEE circulation prior to this sale, and to suddenly have 900% more hit the market was not going to happen unless they were at a good price. Which I suspect, was somewhere around 0.2-0.25BTC each. As soon as trade resumed two days ago, aside from a small manufactured pump, the unit price has stayed well below the 0.4BTC issue price. It will be interesting to see how long it takes for unit holders to break even.

The 0.4 are worth it considering the result.

If they were not all sold it's because of a lack of liquidity.

THe price is at 0.3 but we are talking about very small quantity traded at this price. There is no buyers left, they all have the share they wanted. And now they are holding.

For the price to go up, the exchange need new people, and fresh BTC deposit. I think it's in a good way. Today was an all-time highconcurent users : 1600

So are you saying the exchange needs a continuous injection of new users to sustain the payouts for the existing users?

[deodecagone]

My 2 cents,

- fake number of online users, accounts // especially compared to active players in the troll box
- A lot of expensive chat bans at a convenient moment (more thant 100 * 1 BTC) to attract ppl in fee and when 95% are back in the pockets of the inital owner
- We don't know who really bought shares at 0.4 , could that be that a lot of them were'nt bought by external people bu sales were simulated, meaning that the intial owner still owns a lot and will dump more progressively . Lowering the chances to breakeven for the buyers.
- that market can really be manipulated technically both fees and possibly alts by the owner, he access everything and may create fake transactions conveniently ...
- a lot of obvisouly misleading statemetns: "look at how the 5% were gone , the 45 % will go like pancakes" ," that is not a dilution as the shares were there initally, they were just locked"

- no transparency on the fee holders who holds what ? how many accounts do the inital owner have ?

I don't see how such trading exchange could expose more transparency but that is so easy to cheat in there when you have the keys. That is the reason why I didn't jumped in.

I expected the market price to go lower than the release and I don't expect it to break even significatively since anyway beyond the potential dumps by the owner , the fundamentals are not there

[TheFuneral]

I see that mcxFEE got down at low as 0.25BTC within two days of trade commencing. They are currently at 0.3179. Considering most of the 28,000 sold over the past week or so were at 0.4BTC I wonder what most of the holders are now thinking?

There were 45,000 units on offer, but RS had to take back roughly 17,000 of them as they were not selling well. I suspect the 0.4BTC price was unrealistic given the large volume on offer. Remember that there were 5,000 mcxFEE circulation prior to this sale, and to suddenly have 900% more hit the market was not going to happen unless they were at a good price. Which I suspect, was somewhere around 0.2-0.25BTC each. As soon as trade resumed two days ago, aside from a small manufactured pump, the unit price has stayed well below the 0.4BTC issue price. It will be interesting to see how long it takes for unit holders to break even.

The 0.4 are worth it considering the result.

If they were not all sold it's because of a lack of liquidity.

THe price is at 0.3 but we are talking about very small quantity traded at this price. There is no buyers left, they all have the share they wanted. And now they are holding.

For the price to go up, the exchange need new people, and fresh BTC deposit. I think it's in a good way. Today was an all-time highconcurent users : 1600

So are you saying the exchange needs a continuous injection of new users to sustain the payouts for the existing users?

I understand your want to not like mcxnow probably b/c of RS, but for fucks sake at least argue/debate correctly.

Quote me directly from his post above where he mentions 'continuous injection' 'sustain the payout for the existing users' .

[erk]

I understand your want to not like mcxnow probably b/c of RS, but for fucks sake at least argue/debate correctly.

Quote me directly from his post above where he mentions 'continuous injection' 'sustain the payout for the existing users' .

I asked a simple question, if you can't answer then just say so or say nothing.


I will attempt to answer my own question.

RS received some 11,1159.2 BTC as a result of selling approx 27,898 mcxFEE units @ 0.4BTCea. over the past two weeks, that BTC didn't come out of thin air like the mcxFEEs did, that BTC came out of the liquidity of the mcxNOW users. As the exchange is not very high volume compared to most others, the impact of the loss of liquidity will be felt hard. The mcxFEE shares were advertised as dividend producing units which made a return to investors based on 0.001% of the mcxNOW exchange transaction fees per unit. It's pretty obvious that the exchange liquidity is crucial to the return of dividends to investors, and that liquidity just took a 11,1159BTC hit. Even to replace those BTC, at a rate that investors can simply cash out when they want to without overall loss, let alone make a small profit, is going to take far more than a few new buyers.

[stas]

I understand your want to not like mcxnow probably b/c of RS, but for fucks sake at least argue/debate correctly.

Quote me directly from his post above where he mentions 'continuous injection' 'sustain the payout for the existing users' .

I asked a simple question, if you can't answer then just say so or say nothing.


I will attempt to answer my own question.

RS received some 11,1159.2 BTC as a result of selling approx 27,898 mcxFEE units @ 0.4BTCea. over the past two weeks, that BTC didn't come out of thin air like the mcxFEEs did, that BTC came out of the liquidity of the mcxNOW users. As the exchange is not very high volume compared to most others, the impact of the loss of liquidity will be felt hard. The mcxFEE shares were advertised as dividend producing units which made a return to investors based on 0.001% of the mcxNOW exchange transaction fees per unit. It's pretty obvious that the exchange liquidity is crucial to the return of dividends to investors, and that liquidity just took a 11,1159BTC hit. Even to replace those BTC, at a rate that investors can simply cash out when they want to without overall loss, let alone make a small profit, is going to take far more than a few new buyers.

a good point.

[KamaHomeless]

have there been any problems withdrawing btc from this site?
I just put a bit on there to try it, but just want to make sure I can get them out before I risk too much on there.

[STT]

I just withdrew, it works