Flexcoin is LIVE to everyone!

[Bananington]

Flexcoin, you should advertise at http://dailybitcoins.org/. That way we both get what we want. Flexcoin gets more exposure and dailybitcoins increases their minimum booby prize.

[1714973017]

1714973017

[the founder]

Pm me with rates etc

[jgarzik]

BTW, please consider the example of E-gold, with regards to FlexCoin's regulatory posture.

In broad strokes, E-gold obtained legal counsel that said they did not have to register as an MSB or file CTRs and SARs, because their gold-backed virtual currency was not "money." 

The US federal government -- and common sense -- disagreed, once substantial amounts of value were being transferred overseas using E-gold.

Precedent has shown that the US government wants to track the movement of "funds" all over the world; be proactive about compliance and use common sense: bitcoins are money for all practical purposes.

And yes, I read your Terms of Service in its entirety.

[johnj]

BTW, please consider the example of E-gold, with regards to FlexCoin's regulatory posture.

In broad strokes, E-gold obtained legal counsel that said they did not have to register as an MSB or file CTRs and SARs, because their gold-backed virtual currency was not "money." 

The US federal government -- and common sense -- disagreed, once substantial amounts of value were being transferred overseas using E-gold.

Precedent has shown that the US government wants to track the movement of "funds" all over the world; be proactive about compliance and use common sense: bitcoins are money for all practical purposes.

And yes, I read your Terms of Service in its entirety.

I had signed up for Flexcoin, read this, then disregarded my account.

Another question:  If Flexcoin takes off and there are less and less transaction fees floating around, isn't that shooting yourself in the foot?  If miners are going to be making a larger part of their income from transaction fees in the future, doesn't flexcoins model hurt that?

[jack102938]

Another question:  If Flexcoin takes off and there are less and less transaction fees floating around, isn't that shooting yourself in the foot?  If miners are going to be making a larger part of their income from transaction fees in the future, doesn't flexcoins model hurt that?

+1 very interesting question...

[nmat]

Another question:  If Flexcoin takes off and there are less and less transaction fees floating around, isn't that shooting yourself in the foot?  If miners are going to be making a larger part of their income from transaction fees in the future, doesn't flexcoins model hurt that?

+1 very interesting question...

There will always be transactions outside of Flexoin, otherwise it would be a decentralized currency. There are a lot of services that allow user to user transfers without using the blockchain: Instawallet, Tradehill, CampBX, etc. It is a natural feature for an online wallet to have.

[kjj]

Another question:  If Flexcoin takes off and there are less and less transaction fees floating around, isn't that shooting yourself in the foot?  If miners are going to be making a larger part of their income from transaction fees in the future, doesn't flexcoins model hurt that?

Totally unimportant.  Flexcoin isn't a mining service, and all senders are constantly trying to reduce their fees.

[the founder]

ok I'll answer this one:

1 - are we shooting ourselves in the foot if everyone uses Flexcoin Id's ?

Short answer No,  because it's inconceivable at this time or anytime for years to come that "everyone" would be using flexcoin ID's .. 

granted our market penetration is growing at an exponential rate, it has reached the point where VC's have been calling us and we're surprised that none of the exchanges have requested to partner with us in light of the bitcoin.com project by Tradehill.   Mt.gox, Campbx and others have one sitting right here and are not using it,  hence leaving them without a valid product.

We do hope that one day many will adopt the flexcoin ID system, but until that time it's a long uphill battle that most likely will be measured in years.

I hope this helps.

[nmat]

When do people receive the "discount"? Is it at a fixed day every month? I couldn't find it in the FAQ.

[wildboy211]

I sent bitcoins to my account:
date (time): 08-30-2011 (03:57:58 PM)

its 6:26 and i still dont see the funds in my "available balance", but theyre in my "total balance" and i cant send anyone bitcoins...whats up with that? PM sent and support contacted.

[wildboy211]

I sent bitcoins to my account:
date (time): 08-30-2011 (03:57:58 PM)

its 6:26 and i still dont see the funds in my "available balance", but theyre in my "total balance" and i cant send anyone bitcoins...whats up with that? PM sent and support contacted.

Had to go searching for it...but i answered my own question, and i will probably go back to Mt.Gox because of it...

7. Bitcoins deposited with Flexcoin will not be available for transfer until 15 confirmations have accrued on the bitcoin network.

[the founder]

When do people receive the "discount"? Is it at a fixed day every month? I couldn't find it in the FAQ.

First week of each month..  Next one is going out in 48 hours or so

[the founder]

I sent bitcoins to my account:
date (time): 08-30-2011 (03:57:58 PM)

its 6:26 and i still dont see the funds in my "available balance", but theyre in my "total balance" and i cant send anyone bitcoins...whats up with that? PM sent and support contacted.

It's set for 15 confirms ,  we are considering moving it to 6

[Trini8ed]

You guys should add it so that lets say I have 2.3 bitcoin I want to withdraw them I withdraw 2.3 not enough funds fff so whats the fee I can't find it you need to post when withdrawing how much you can withdraw so you don't have to keep guessing what the fee will be.

[wildboy211]

You guys should add it so that lets say I have 2.3 bitcoin I want to withdraw them I withdraw 2.3 not enough funds fff so whats the fee I can't find it you need to post when withdrawing how much you can withdraw so you don't have to keep guessing what the fee will be.

I agree - i couldnt figure out why i couldnt withdraw, then i realized that i didnt include the fee, now i have something like 0.000043 BTC in my account.

[the founder]

Good point we will add that

[nmat]

First week of each month..  Next one is going out in 48 hours or so

Well, you are a little late., but we are still in the first week... I'm curious to know how much I'm gonna get 

[crawdaddy]

will you be making a app for flex coin?

[the joint]

Anyone want to buy my flexIDs yet?

BitcoinBusiness and BitcoinBank

[the founder]

will you be making a app for flex coin?

It's mobile tested,  with QR support,  bookmarks on iOS devices will render a flexcoin icon.   It is a webapp... just not a downloadable app.