|
|
|
|
|
|
|
"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
Benson Samuel
Legendary
 Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
|
 |
January 08, 2014, 05:07:47 PM |
|
Is the same person and no |
|
|
|
BitCoinDream (OP)
Legendary
Offline
Activity: 2324
Merit: 1204
The revolution will be digital
|
|
January 08, 2014, 09:06:46 PM |
|
Is the same person and no Are CoinMonk and UnoCoin same and Sathvik Vishwanath is a partner of Sunny Ray ? |
|
|
|
Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
|
|
January 09, 2014, 04:29:01 AM |
|
Is the same person and no Are CoinMonk and UnoCoin same and Sathvik Vishwanath is a partner of Sunny Ray ? Yep. Sunny is a Joint Director of coinmonk and unobit solutions. unobit has madovercoins and Bitpay in its portfolio and coinmonk has shares, unocoin, etc. I remember that the domains were all registered by Sunny in 2012/13. I believe that most of his domains now point towards unocoin.com |
|
|
|
|
Sindelar1938
|
|
January 16, 2014, 04:16:18 PM |
|
Helpful to understand, thanks
|
|
|
|
|
thenoblebot
|
|
January 16, 2014, 05:27:01 PM |
|
Whoa bitpay as in the global bitcoin processor ? Sunny ray has a stake in that ?
|
|
|
|
|
|
thenoblebot
|
|
January 24, 2014, 10:39:56 AM |
|
bump Sunny is a Joint Director of coinmonk and unobit solutions. unobit has madovercoins and Bitpay in its portfolio and coinmonk has shares, unocoin, etc. |
|
|
|
|
dashingriddler
Legendary
Offline
Activity: 1258
Merit: 1001
|
|
January 28, 2014, 12:34:05 PM |
|
Whoa bitpay as in the global bitcoin processor ? Sunny ray has a stake in that ?
Yes the same bitpay. Not the stake but involved in the process to convert bitcoin to INR and pay to merchant on behalf of bitpay. |
|
|
|
|
thenoblebot
|
|
January 28, 2014, 03:34:38 PM |
|
Whoa bitpay as in the global bitcoin processor ? Sunny ray has a stake in that ?
Yes the same bitpay. Not the stake but involved in the process to convert bitcoin to INR and pay to merchant on behalf of bitpay. So he works for bitpay as an employee ? Or does the process of converting involve some other company in the middle which he own/has a stake in ? |
|
|
|
|
dashingriddler
Legendary
Offline
Activity: 1258
Merit: 1001
|
|
January 28, 2014, 03:54:44 PM |
|
Bitpay do not hire such processing people as employees even though they get a contract signed. Out of 1% bitpay charges for the ending merchant, 0.5% is retained by bitpay and the remaining 99.5% is paid to such processers in bitcoin. now it is the duty of processer to convert it into INR and pay the 99% to merchant bank account and retain the 0.5% as fee for his service. This is what i know from various sources - may not be fully accurate.
|
|
|
|
|
thenoblebot
|
|
January 28, 2014, 05:34:40 PM |
|
Bitpay do not hire such processing people as employees even though they get a contract signed. Out of 1% bitpay charges for the ending merchant, 0.5% is retained by bitpay and the remaining 99.5% is paid to such processers in bitcoin. now it is the duty of processer to convert it into INR and pay the 99% to merchant bank account and retain the 0.5% as fee for his service. This is what i know from various sources - may not be fully accurate.
Oh ok thanks a lot ... makes it much more clear  |
|
|
|
|
Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
|
|
January 28, 2014, 05:59:44 PM |
|
Whoa bitpay as in the global bitcoin processor ? Sunny ray has a stake in that ?
Yes the same bitpay. Not the stake but involved in the process to convert bitcoin to INR and pay to merchant on behalf of bitpay. So he works for bitpay as an employee ? Or does the process of converting involve some other company in the middle which he own/has a stake in ? |
|
|
|
|
thenoblebot
|
|
January 28, 2014, 06:41:14 PM |
|
Whoa bitpay as in the global bitcoin processor ? Sunny ray has a stake in that ?
Yes the same bitpay. Not the stake but involved in the process to convert bitcoin to INR and pay to merchant on behalf of bitpay. So he works for bitpay as an employee ? Or does the process of converting involve some other company in the middle which he own/has a stake in ? Thanks Benson .. a help as always . Appreciate it (although I was wondering earlier if all the bumping was going unheeded lol). Thanks bro. |
|
|
|
|
BitCoinDream (OP)
Legendary
Offline
Activity: 2324
Merit: 1204
The revolution will be digital
|
|
January 28, 2014, 07:58:44 PM |
|
Bitpay do not hire such processing people as employees even though they get a contract signed. Out of 1% bitpay charges for the ending merchant, 0.5% is retained by bitpay and the remaining 99.5% is paid to such processers in bitcoin. now it is the duty of processer to convert it into INR and pay the 99% to merchant bank account and retain the 0.5% as fee for his service. This is what i know from various sources - may not be fully accurate.
So Bitcoins are coming from Bitpay to UnoCoin, getting converted into INR, and being paid off to the merchant. On the other hand people are buying those bitcoins directly from UnoCoin against INR. Is this how it operates Sattik ? |
|
|
|
dashingriddler
Legendary
Offline
Activity: 1258
Merit: 1001
|
|
January 29, 2014, 03:03:41 AM |
|
sunny is involved in processing the bitpay payments since an year i guess.
No those payments do not come to Unocoin. It will happen on its own channel for which i do not know the details.
It is not profitable to do it on Unocoin as transaction fee on unocoin is 3% by itself.
|
|
|
|
sunnybuttercoin
Newbie
Offline
Activity: 1
Merit: 0
|
|
March 25, 2014, 07:50:02 PM |
|
Just to clarify, I (Sunny) have been 100% focused on Buttercoin since November 2013. We are working towards launching in North America first. To sign up for early access, visit www.buttercoin.com |
|
|
|
|
|
|
|
globalgaurav
|
|
March 26, 2014, 05:34:23 AM |
|
love the way btc graph is used, devil is in the details  |
|
|
|
|
|
|
|
