Quote from: MrWDunne on June 18, 2014, 04:17:06 PM

Quote from: AcoinL.L.C on June 18, 2014, 04:12:06 PM

Look. Yes, the software is worth more than the opening bid. That doesn't mean shit. People aren't looking to buy the software, they are looking to buy the business. The fact is, is that its a saturated market and that this will not make money at 10BTC. The amount of money that would have to be spent on marketing would be insane. And you say that the exchange hasn't been hacked? Thats because no one has heard of it! The volume is so little no one will spend their time trying to hack it. If this ever gets up there in volume, maintaining security on the site would be a huge issue.

Im sorry, but this is a massive money pit.

I'm going to disagree with you. If you're clever you will certainly be able to make this a profitable business.

I would take part in this myself, but obviously working on a similar project.

You could make this profitable, thats not the question. The question is how much money do you have to throw at this to make it profitable? This is a huge money sink.

Current volume is ~1.6BTC at day. Say they finally start charging fees, they would make ~$85 a month in fees. Thats a net loss of $415 from just server fee's alone. Your in the hole right off the bat.