Hi All
If you have ever tried buying or selling bitcoins on localbitcoins, you may have noticed prices are not very competitive. The difference between bid and offer is usually very high. Prices are not related at all to the amount of coins someone may want to buy or sell. Neither are they related to the reputation of the counterparty. Prices are simply derived from an equation from other btc exchanges with commissions added on top.
I created DealCoin to bring a more honest price discovery mechanism for local transactions. Instead of pushing prices to the community, dealers are invited to make offers to orders posted by the community. This way dealers' prices can be related to the amount of coins to be exchanged and to the reputation of the person posting an order.
I would like to invite the bitcointalk community to try out the DealCoin platform and give us their feedback. We are offering free 3 months dealer memberships so you may test all aspects of the platform. Simply register an account at
https://www.dealco.in/user/register and email your username to
bitcointalk@dealco.in before December 31st 2013.
Please note: DealCoin is currently in public beta and trades are NOT fictitious! Only make post orders or make offers if you are looking to really trade bitcoins.
Happy dealings!
Hakim - Founder @ DealCoin
