So in summary, many of you (at least the ones replying to this post) think we are scammers, but you're certainly willing to take .01 BTC if it requires nothing from you. See dipshits, that's the catch! Reward requires effort, action or risk, none of which you seem to be willing to expend. You are probably all scammers yourselves, and therefore you can't imagine the possibility that someone is simply making a legitimate offer. You are the type of people that we DO NOT WANT as members, so feel free to consider yourselves uninvited. We do not want petty and accusatory people as members at our site, only mature people that respect the Common Law--
hurt no one nor their property.
Just for fun and mental anguish, I will explain the reasoning here once more, but it is improbable that you doubting Thomases have the attention spans to read through this and most assuredly you will not be able to comprehend anything before your rabid accusations start to boil over once again, but what the fuck.
First one quick example, one of our VIP members just posted an auction yesterday here:
https://itcoinbay.com/ultimate-auction/elvis-presley-vintage-1955-sun-recording-mystery-train-i-forgot-to-remember-to-forget/. The starting bid was .03 BTC. At about 04:30 local time today, someone bid 1 BTC! WTF??? We obviously cancelled the bid and contacted the Bidder. We have had this happen multiple times and that was one of the reasons that we required only paid memberships until just recently. The paid membership served three purposes which I will now explain in case you haven't thought it through and obviously those of you posting negative replies haven't.
First off, it served as a litmus test to make sure that a member not only has the capacity to use bitcoin, but also has some bitcoin to spend (needed obviously to bid/buy). Bitcoin is fairly new still yea? Not everyone understands it and not everyone has it, agreed?
Secondly, it served to hopefully eliminate phantom bidders and buyers, i.e., mischief makers. Since we will stand behind our members and offer an in-house system for escrow, this also served to cover our ass.
Thirdly, it allows us to offer NO LISTING FEES for our Sellers. Imagine the tiny amounts of bitcoin and the associated and annoying tiny fees that would result if we charged listing fees as most respectable auction sites do.
Now visualize the scenario of someone posting a false auction. Previously our policy was to send 10% or .01 BTC (see the reason goddammit!), whichever is less, to the Seller as soon as we received payment from the Buyer, which we will still do for VIP Sellers. So in the event that a false auction was posted, we would have to return not only the money to the Buyer but we would be out the initial amount sent to the Seller. Well a paid membership would more than likely prevent someone from posting a false auction, what would be the reason if they had already paid us the initial amount that we would send them for a sold auction? Get it dimwits???
Now we have introduced free memberships due to all of the whining and accusations. It's a little more risky for us, but we have eliminated the risk mostly with a policy adjustment. There is still the potential for someone to be a nuisance, but that is about all that they could do. In revising our policy, we revised the previously mandatory fee to an optional and what should be a more palatable VIP membership. That someone can have a problem with this is absolutely illogical.
Click here to see an explanation of our memberships:
https://itcoinbay.com/membership/.
This has all served to show us how incredibly cheap some people are. These people seem to want something for nothing and this illustrates that society as a whole is not yet ready for '
BTCe your own
BTCank.'
"Now since we at itcoinBay.com do not attach ourselves nor our members to fiat currencies, bank accounts or credit cards, we have developed a fee-based system for the purpose of accountability. It would be great to be able to just trust everyone, but until society evolves to that point, for the protection of all participants we will practice the Russian policy of 'trust but verify,' by charging a modest fee for participation. In the age of $1000 cell phones, $5+ coffee and Washington, D.C., we don’t feel at all apprehensive about this fee."We realize that this fee is some sort of astronomically huge mental and financial leap for some of you (again talking to the ones replying to this post in a negative manner), so to sort of soften the huge blow of the gigantic setback--.01 BTC - LMFAO--we are going to give away some really nice prizes in a drawing for VIP members if and when we reach 100 VIP members. By the way members can help us reach this level by referring VIP members to us. We reward Referrers with .001 BTC per each paid VIP Seller. The following image describes our Contest/Drawing which you can also read about here:
https://itcoinbay.com/contest/. Now take a new look at our offer, not only are we willing to pay someone a net .01 BTC to become a VIP member (again trying to increase our membership and auction numbers), but they are entered into our Drawing where they could win either a $1800 drone or .1 BTC, and we pay them .01 BTC to gain this chance!! Good grief people will bitch about anything and everything.
If you like this offer, take advantage of it. If you don't like it don't take advantage of it. To criticize something from a position of ignorance is just that--staggeringly ignorant!
At our site, no 3rd party payment or conversion systems, downloads, platform installs, special wallets, etc. are required. We use only Peer to Peer transactions as envisioned by Satoshi Nakamoto. After all, is this is not how Bitcoin was intended to be used?
