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Author Topic: [♔] British Digital Currency | 5% annual PoS - Bittrex - Fiat to BritCoin [BRIT]  (Read 123539 times)
will7am
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August 01, 2014, 07:42:28 AM
 #1181

All, not sure if you've all seen this, but it looks like Moolah is taking over Mintpal.  Great news in my opinion.  Sounds like they are going to reform the exchange and stop getting so many scamcoins listed.  Housecleaning will also take place to get rid of a lot of junk.

http://blog.moolah.io/2014/07/28/were-taking-over-mintpal-heres-what-you-need-to-know/

Maybe it's time to reopen channels with moolah and mintpal.

Yes we were aware of the takeover, exciting news in the British crypto world.  I think it's a good move on their behalf, MP wasn't running as well as it should have been and they needed help. Smiley

I'm still waiting for Moolah to get back to me though. I guess they've been busy with the take over this week.  Roll Eyes

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will7am
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August 01, 2014, 05:09:25 PM
 #1182

Friendly reminder that there's only 24 hours left before our 5,000 BritCoin twitter competition is chosen.

Check my signature for details on how to take part!  Good luck! Smiley

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August 01, 2014, 10:07:24 PM
 #1183

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform. Smiley

http://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend. Smiley

The 'exchange' is going to be a bank-to-bank transfer?

Who is on the other side of the trade sending the Britcoin to the buyer?

EDIT: Or is this bank transfer into the exchange platform?

Good question.

At first it will be bank-to-bank with me personally running it.  Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.

Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC.  This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall.  Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.

Hope this helps.  Let me know if you have any other questions. Smiley



In essence that is similar to what happens with current services like Bittylicious.  You do a bank transfer to an account they give you and then the person with the crypto sends it to your address when the Tx goes through.  It only takes about 5 minutes for the entire process because of the "Faster Payments" system in UK banks.

Exactly.  The whole coin ordering process only takes a few minutes start to finish, prolly even quicker than filling out your CC information.  And as the majority of internet users in the UK have access to online banking with 'Fast payments' it's the perfect solution. Smiley

good job dev, best luck to this project,
i'm hold my BRIT, let's see where it goes in 2 or 3 month  Grin

will7am
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August 02, 2014, 12:57:38 PM
 #1184

For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform. Smiley

http://i.imgur.com/VpkD7P0.png

We're hoping to launch it for public use Friday if not early weekend. Smiley

The 'exchange' is going to be a bank-to-bank transfer?

Who is on the other side of the trade sending the Britcoin to the buyer?

EDIT: Or is this bank transfer into the exchange platform?

Good question.

At first it will be bank-to-bank with me personally running it.  Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.

Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC.  This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall.  Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.

Hope this helps.  Let me know if you have any other questions. Smiley



In essence that is similar to what happens with current services like Bittylicious.  You do a bank transfer to an account they give you and then the person with the crypto sends it to your address when the Tx goes through.  It only takes about 5 minutes for the entire process because of the "Faster Payments" system in UK banks.

Exactly.  The whole coin ordering process only takes a few minutes start to finish, prolly even quicker than filling out your CC information.  And as the majority of internet users in the UK have access to online banking with 'Fast payments' it's the perfect solution. Smiley

good job dev, best luck to this project,
i'm hold my BRIT, let's see where it goes in 2 or 3 month  Grin

Thanks for your kind words and the support! Smiley

Remember that BritCoin isn't much older than a month, so it's still early days! Cheesy

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August 02, 2014, 01:33:17 PM
 #1185

dev tried but the exchanges are removing the coin Angry

Which exchange is removing it?

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Pebbelzz
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August 02, 2014, 01:38:48 PM
 #1186

dev tried but the exchanges are removing the coin Angry

Which exchange? Bittrex shows no indication of removing the coin

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August 02, 2014, 01:39:41 PM
 #1187

dev tried but the exchanges are removing the coin Angry

Which exchange is removing it?
c-cex
Quote
Coins to be removed August, 4 due to low volume: PCC, ROX, HTML, DVC, FSC, CSO, VRC, BTCS, POS, QB, BRIT, NMC, TRK, FTC, COOL, CFC2, GOD, LTS, NIC, URO, TECH, GLY, DUCK, ISIS, VIA, SPATA, YACC, FRY, XBD, TORBTC

That is not going to hurt it in any way. C-Cex is low volume all over

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August 02, 2014, 01:57:26 PM
 #1188

dev tried but the exchanges are removing the coin Angry

Which exchange is removing it?
c-cex
Quote
Coins to be removed August, 4 due to low volume: PCC, ROX, HTML, DVC, FSC, CSO, VRC, BTCS, POS, QB, BRIT, NMC, TRK, FTC, COOL, CFC2, GOD, LTS, NIC, URO, TECH, GLY, DUCK, ISIS, VIA, SPATA, YACC, FRY, XBD, TORBTC

Who cares if C-CEX is removing it?  The main volume is on Bittrex anyway.  Having it on crappy little exchanges just gives more opportunity to manipulate the price.  If you are that easily spooked you should sell your Brit to people who aren't.

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM

Check out my posts on Steemit.com if you like medical posts with occasional photography, art and the odd bit of crypto commentary:

https://steemit.com/@thecryptofiend
will7am
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August 02, 2014, 02:02:46 PM
 #1189

dev tried but the exchanges are removing the coin Angry

Which exchange is removing it?
c-cex
Quote
Coins to be removed August, 4 due to low volume: PCC, ROX, HTML, DVC, FSC, CSO, VRC, BTCS, POS, QB, BRIT, NMC, TRK, FTC, COOL, CFC2, GOD, LTS, NIC, URO, TECH, GLY, DUCK, ISIS, VIA, SPATA, YACC, FRY, XBD, TORBTC

It's not really a big loss for BritCoin, we didn't have much volume on there since most people prefer Bittrex or even AllCoin. Smiley

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August 02, 2014, 02:14:02 PM
 #1190

dev tried but the exchanges are removing the coin Angry

Which exchange is removing it?
c-cex
Quote
Coins to be removed August, 4 due to low volume: PCC, ROX, HTML, DVC, FSC, CSO, VRC, BTCS, POS, QB, BRIT, NMC, TRK, FTC, COOL, CFC2, GOD, LTS, NIC, URO, TECH, GLY, DUCK, ISIS, VIA, SPATA, YACC, FRY, XBD, TORBTC

Pish, if you think it's worthless I'll take it off you hands since you can't trade on C-Cex  Grin

mmm01
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August 02, 2014, 02:26:22 PM
 #1191

Got some brit while it's still low. Expecting good things from this coin keep up the good work.

.
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GOAL BONANZA
.
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▄▄▄  WHITEPΛPER  ▄  FΛCEBOOK  ▄  TELEGRΛM  ▄  SLACK  ▄  TWITTER  ▄▄▄
.
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will7am
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August 02, 2014, 02:35:04 PM
 #1192

Just to let you guys know, our Fiat > BritCoin via instant bank transfer will be launching in the next few hours! Cheesy

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August 02, 2014, 02:59:49 PM
 #1193

Just to let you guys know, our Fiat > BritCoin via instant bank transfer will be launching in the next few hours! Cheesy

It's good that a lot of people don't know this yet.  This gives a chance for the little guys to still get in quite cheap.  Once this starts moving the price will rise very fast.

Then see the panic buys as people realise that this will set a minimum price floor for BRIT:)

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM

Check out my posts on Steemit.com if you like medical posts with occasional photography, art and the odd bit of crypto commentary:

https://steemit.com/@thecryptofiend
jioy
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August 02, 2014, 03:09:56 PM
 #1194

the logo is so beatiful~~

will7am
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August 02, 2014, 03:58:32 PM
 #1195

BuyBritCoins.com - OUR FIAT TO BRITCOIN EXCHANGE PLATFORM IS NOW ONLINE!

UK users can now buy BritCoins in minutes using instant bank transfer. Smiley

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August 02, 2014, 04:36:08 PM
 #1196

the logo is so beatiful~~

Thanks!  We're lucky to have a great designer, Christian. Smiley

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August 02, 2014, 05:45:01 PM
 #1197

Good to see some feedback on the logo Cool Also would like to inform you that we are also on facebook, for those who uses FB we can be found at https://www.facebook.com/BritCoinUK  Grin

Designer and developer at the Britcoin project. https://twitter.com/dennemann87
Donate Britcoins: BKvch6CHCtvAvxXwSRk5nHuBCysUehfQ9P
will7am
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August 02, 2014, 05:56:52 PM
 #1198

The prize for our Twitter competition winner has been raised from 5,000 BRIT to 25,000 BRIT.


A huge thank you to Soul_eater_123 for throwing in the extra prize BritCoins.

To take part, retweet the status below before 6pm tomorrow (Sunday) for a chance to win!

https://twitter.com/BritCoinUK/status/495596961337442304

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August 02, 2014, 06:00:30 PM
 #1199

BuyBritCoins.com - OUR FIAT TO BRITCOIN EXCHANGE PLATFORM IS NOW ONLINE!

UK users can now buy BritCoins in minutes using instant bank transfer. Smiley

This is awesome, now how can one go about selling BRIT for pounds for a traveler without a UK banking account?
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August 02, 2014, 06:02:40 PM
 #1200

the logo is so beatiful~~

It is indeed.

The exchange is looking good too, great to see it launched! Will hopefully be able to give it a go soon. Will be sure to report back if so.
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