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Nice way...a self invite 
Hope you get some investors runnin into you. Even I am meeting many investors dese days for some other project, we can connect and see if something can be evolved to benefit mutually.
Hope you get some investors runnin into you. Even I am meeting many investors dese days for some other project, we can connect and see if something can be evolved to benefit mutually.
Nice observation from ocean of information!
Even I hope same. I'm amazed to know you've interested national investors, considering recent insult of foreign investment in Indian start-up. Wish they could see bigger picture! So far, biggest hurdle has been making investors understand Bitcoin and its importance. Let's hope, I don't have to face same challenge with your potential investors. May I ask what projects you're into? If I'm not mistaken then, you provide Bitcoin Legal Services.
So, what do you plan--bridge gap between entrepreneur and investor(s)?
I doubt it is going to be easy once people stop hoarding coins and actually start using them. Plus there are always mixing services.
How done done hawala with aid and consent of bank manager? I've done during last election. My point- you can keep anonymity using tor, how many else can do that? Their will always be financial illiteracy, technology illiteracy, mixing service illiteracy and other illiteracy in making. These are services for few not masses.
Ask yourself, in what proportion you've used mixing services for transactions done?
Villan or not? I don't know. Few months back, I've had brief passionate discussion with Mr. Subramanian about Bitcoin and bitcoin. He had amazing understanding of both like scholar. I've been contemplating on other side since that meeting.
He seems to have got his facts wrong in this interview. His understanding can be improved.
If you're talking about my facts/understanding then frankly I'm struggling to improve when it comes to tech giant like bitcoin. And if you've questioning his understanding/facts then, you might be right Mr. Satoshi.
Current network rate is 200 pentahash only.
This is just beginning! In distant future, there will be mining treaty between countries for mining related activity considering its giant carbon footprint. And, in not so distant future, when technology will reach momentarily saturation then, electricity will be biggest governing factor for profitable mining. We've advantage and government perks here! I knew this was coming and therefore, I've managed to create business relation with few innovative broker(s)* willing to provide mining instruments for establishing mines at free of cost. All we've to do is provide basic infrastructure for their LD mines, electricity and internet connection to these guys remaining being their responsibility.
Look forward to your further interest and questions. I need to team up with people willing to take it to next technical level for investment procedure.
* Innovative because these smart guys knew by 2014-2016 there would be companies with unsold surplus of equipment's, but not infrastructure and electricity to run them. And they were active at international conference bridging gap.
This is just beginning! In distant future, there will be mining treaty between countries for mining related activity considering its giant carbon footprint. And, in not so distant future, when technology will reach momentarily saturation then, electricity will be biggest governing factor for profitable mining. We've advantage and government perks here! I knew this was coming and therefore, I've managed to create business relation with few innovative broker(s)* willing to provide mining instruments for establishing mines at free of cost. All we've to do is provide basic infrastructure for their LD mines, electricity and internet connection to these guys remaining being their responsibility.
Look forward to your further interest and questions. I need to team up with people willing to take it to next technical level for investment procedure.
* Innovative because these smart guys knew by 2014-2016 there would be companies with unsold surplus of equipment's, but not infrastructure and electricity to run them. And they were active at international conference bridging gap.
Dear Prospective Investor,
Thank you for taking the time to read through my thread, even though you are not familiar with me or my work. Were in process of setting up new company ZeroSum Private Limited for various Bitcoin related business which includes setting up exchange, franchise mining, physical-coin-chain and white label services during later stages. Because of your well-known interest in Bitcoin ecosystem, we would like to offer you the first opportunity in chain i.e. investment in real-time exchange. The returns promise to be excellent, both financially and in the other knowledge domains disclosed in later stages of investment procedure.
As the pace of Bitcoin economy seems to be getting faster with every passing day, weve decided to provide community with investment opportunity in parallel with venture capitalist (with limited understanding of Bitcoin and perfect understanding of business). This is excellent window of opportunity for investors, enthusiast, nationalist, and visionary like us. I wish to combine our collective knowledge, capital and experience to create win-win situation for each of stakeholder. Feel free to propose you candidature in any related domain you expertise.
Basically, weve has surpassed conception which includes nourishing idea and R&D stage. Some aspects of seed stage have been fulfilled like developing the basic concept, blueprinting product, signing MoU and business plan. With formal investment, we will be entering start-up stage where responsibility will be setting up formal company, setting up business, hiring team, forming strategic alliance, setting up services, market launch and going live. This entails quite a lot of cost, which is one of the main reasons why we are opening up our company to investments. I have drafted exhaustive business plan which outlines our business development and investment plan more clearly (except risk and mitigation strategies), accessible to interested investors to proceed with investment process. Only after reviewing and discussing, youd be able to decide if this is something you would like to be involved in.
Spread the word! And I look forward to your further interest and questions.
Thanks,
ZeroSum Believer
Thank you for taking the time to read through my thread, even though you are not familiar with me or my work. Were in process of setting up new company ZeroSum Private Limited for various Bitcoin related business which includes setting up exchange, franchise mining, physical-coin-chain and white label services during later stages. Because of your well-known interest in Bitcoin ecosystem, we would like to offer you the first opportunity in chain i.e. investment in real-time exchange. The returns promise to be excellent, both financially and in the other knowledge domains disclosed in later stages of investment procedure.
As the pace of Bitcoin economy seems to be getting faster with every passing day, weve decided to provide community with investment opportunity in parallel with venture capitalist (with limited understanding of Bitcoin and perfect understanding of business). This is excellent window of opportunity for investors, enthusiast, nationalist, and visionary like us. I wish to combine our collective knowledge, capital and experience to create win-win situation for each of stakeholder. Feel free to propose you candidature in any related domain you expertise.
Basically, weve has surpassed conception which includes nourishing idea and R&D stage. Some aspects of seed stage have been fulfilled like developing the basic concept, blueprinting product, signing MoU and business plan. With formal investment, we will be entering start-up stage where responsibility will be setting up formal company, setting up business, hiring team, forming strategic alliance, setting up services, market launch and going live. This entails quite a lot of cost, which is one of the main reasons why we are opening up our company to investments. I have drafted exhaustive business plan which outlines our business development and investment plan more clearly (except risk and mitigation strategies), accessible to interested investors to proceed with investment process. Only after reviewing and discussing, youd be able to decide if this is something you would like to be involved in.
Spread the word! And I look forward to your further interest and questions.
Thanks,
ZeroSum Believer
Re: [ANN] Unocoin raises $250,000 from Barry Silbert's Bitcoin Opportunity Corp
Congratulations Unocoin for recent investments!
I got few questions:
Is Unocoin.com 'manual version' for Coinbase?
How you hedge yourself against large buying/selling orders?
Do you forward order to international orderbooks or buy/sell on behalf of customer back by some buffer stock? If yes then, do you have programmed automated bots for your strategies or insist on manual trade?
Are you importing Bitcoins backed by IEC codes and legal research?
Regards,
ZeroSum Believer
We run something similar to coinbase as long as trading is concerned. Coinbase has the payment gateway integration which means when customer is checking out, they can authorize in their onlinebanking to sweep the needed funds etc. This will allow immediate delivery of bitcoins to their wallet. In India, as the payment gateway providers like banks or ccavenue etc want some regulation to be there for them to support bitcoin business, we do not have their support in this aspect and will want customers to send INR to our bank account through NEFT and then we will process the BUY orders manually for them as their funds hit our bank account.I got few questions:
Is Unocoin.com 'manual version' for Coinbase?
How you hedge yourself against large buying/selling orders?
Do you forward order to international orderbooks or buy/sell on behalf of customer back by some buffer stock? If yes then, do you have programmed automated bots for your strategies or insist on manual trade?
Are you importing Bitcoins backed by IEC codes and legal research?
Regards,
ZeroSum Believer
We do not do any kind of order to order hedging. We are ok to take some amount of risks.
No we do not touch international borders and have not programmed anybots. We have IEC code but still do not import bitcoins ourselves.
Regards
I wonder, why Barry invested so much in 'Manual Exchange' when one can have automated at same cost. I never understood investors! Will you be utilizing part of fund to develop automated trading system which can integrate API's when regulation is clear? I'm anxious to know your future plans and as your LinkedIn summary has vague vision.
Why did you stop mining? We've electricity at competitive rates in few states. I personally, consider them more important and basic need than exchanges in very long run.
What is your preference- leading/catalysing India or making money?
Stopped mining as we had to start spending more on expenses. The place where we used to have miners has high rent. Forget about the rent, even if we just consider the electricity, it was still not profitable.
Our preference is of course being a leader in India. Not looking for making money right now but also that we do not want to undergo losses when we are not needed to.
Thank you for your patience and answers!
Wishes!
How would capital controls work in the bitcoin era?
Right now, we have restrictions on how much FX an individual can transfer out of India. Since banks and authorized forex dealers are about the only way a person can procure FX, the government is able to monitor this.
Once bitcoins are easily available, what prevents a person from buying BTC and sending them across to another person outside India. Would you need an established and trusted 'hawala' operator to transfer funds outside India?
Right now, we have restrictions on how much FX an individual can transfer out of India. Since banks and authorized forex dealers are about the only way a person can procure FX, the government is able to monitor this.
Once bitcoins are easily available, what prevents a person from buying BTC and sending them across to another person outside India. Would you need an established and trusted 'hawala' operator to transfer funds outside India?
Here I'm assuming your 'capital control' in negative connotation. Okay?
'Black Money' makes approximately 51% of our GDP which makes mandatory for government to control capital flight. Usually, capital control is done by controlling transfer of money and monitoring it to find illegal activity. Accessing 'black money' is simple in India, but clearing them internationally is almost impossible. Our government executes controls capital by controlling transfer. When it comes to Bitcoin, 'black bitcoin' is inaccessible to most of people which is needed for capital flight. I believe, government cannot control transfer for Bitcoins but then can control out access to it. Therefore, in future, they'll limit access/monitor for capital control which will be done by regulating Buysellbitco.in, Unocoin.com, Igot.com etc. Simple to execute then said!
In a long run, miners will help do it.
Cheers,
ZeroSum Believer
I believe it would be difficult to segregate bitcoins into 'black' and 'white'. There effectively would be a premium for bitcoins bought in exchanges and sold for 'cash'. It would be very difficult for the government to track the flow of bitcoins from exchanges.
Edan Yago at work! It is very very very easy for government to track flow of Bitcoin from exchange(s). Among all, you must have known my friend.
Re: [ANN] Unocoin raises $250,000 from Barry Silbert's Bitcoin Opportunity Corp
Congratulations Unocoin for recent investments!
I got few questions:
Is Unocoin.com 'manual version' for Coinbase?
How you hedge yourself against large buying/selling orders?
Do you forward order to international orderbooks or buy/sell on behalf of customer back by some buffer stock? If yes then, do you have programmed automated bots for your strategies or insist on manual trade?
Are you importing Bitcoins backed by IEC codes and legal research?
Regards,
ZeroSum Believer
We run something similar to coinbase as long as trading is concerned. Coinbase has the payment gateway integration which means when customer is checking out, they can authorize in their onlinebanking to sweep the needed funds etc. This will allow immediate delivery of bitcoins to their wallet. In India, as the payment gateway providers like banks or ccavenue etc want some regulation to be there for them to support bitcoin business, we do not have their support in this aspect and will want customers to send INR to our bank account through NEFT and then we will process the BUY orders manually for them as their funds hit our bank account.I got few questions:
Is Unocoin.com 'manual version' for Coinbase?
How you hedge yourself against large buying/selling orders?
Do you forward order to international orderbooks or buy/sell on behalf of customer back by some buffer stock? If yes then, do you have programmed automated bots for your strategies or insist on manual trade?
Are you importing Bitcoins backed by IEC codes and legal research?
Regards,
ZeroSum Believer
We do not do any kind of order to order hedging. We are ok to take some amount of risks.
No we do not touch international borders and have not programmed anybots. We have IEC code but still do not import bitcoins ourselves.
Regards
I wonder, why Barry invested so much in 'Manual Exchange' when one can have automated at same cost. I never understood investors! Will you be utilizing part of fund to develop automated trading system which can integrate API's when regulation is clear? I'm anxious to know your future plans and as your LinkedIn summary has vague vision.
Why did you stop mining? We've electricity at competitive rates in few states. I personally, consider them more important and basic need than exchanges in very long run.
What is your preference- leading/catalysing India or making money?
How would capital controls work in the bitcoin era?
Right now, we have restrictions on how much FX an individual can transfer out of India. Since banks and authorized forex dealers are about the only way a person can procure FX, the government is able to monitor this.
Once bitcoins are easily available, what prevents a person from buying BTC and sending them across to another person outside India. Would you need an established and trusted 'hawala' operator to transfer funds outside India?
Right now, we have restrictions on how much FX an individual can transfer out of India. Since banks and authorized forex dealers are about the only way a person can procure FX, the government is able to monitor this.
Once bitcoins are easily available, what prevents a person from buying BTC and sending them across to another person outside India. Would you need an established and trusted 'hawala' operator to transfer funds outside India?
Here I'm assuming your 'capital control' in negative connotation. Okay?
'Black Money' makes approximately 51% of our GDP which makes mandatory for government to control capital flight. Usually, capital control is done by controlling transfer of money and monitoring it to find illegal activity. Accessing 'black money' is simple in India, but clearing them internationally is almost impossible. Our government executes controls capital by controlling transfer. When it comes to Bitcoin, 'black bitcoin' is inaccessible to most of people which is needed for capital flight. I believe, government cannot control transfer for Bitcoins but then can control out access to it. Therefore, in future, they'll limit access/monitor for capital control which will be done by regulating Buysellbitco.in, Unocoin.com, Igot.com etc. Simple to execute then said!
In a long run, miners will help do it.
Cheers,
ZeroSum Believer
Quote
Right now the Bitcoin is about anonymity. It uses a protocol called TOR (The Onion Router) that allows the giver and receiver to remain anonymous, which makes it dangerous. In my book, it's used by the criminal underworld.
And I guess this is the portion which will be picked up when politicians / decision makers start gathering information about bitcoin.
Villan or not? I don't know. Few months back, I've had brief passionate discussion with Mr. Subramanian about Bitcoin and bitcoin. He had amazing understanding of both like scholar. I've been contemplating on other side since that meeting.
Hey guys, if you have any questions, please feel free to pm me or ask here. Also, its not Bitplastic as that works with Mastercard. We are trying to develop our own platform without converting BTC to FIAT and involving the Local Exchanges to do the latter part. This way, the fees are less and the merchants dont need to worry about fluctuations in the valuation. Also, for users it means very little or no fees. We might allow sending funds to other users/addresses but that will be revealed latter.
What Bitpay is doing virtually is Nuvocard doing physically, only difference being no BTC-INR conversion. Is it?
So can we all it merchant solution simplifying Bitcoin acceptance physically?
Coinbase is not conventional real time exchange where price is determined by demand-supply. They fetch rate from Bitstamp and execute trades. That's it!
That said, how do they cope with current situation like this, where flash crash occurs? I guess, their buying and selling is backed by liquidity plus some buffer stocks of coins. Do they forward order to order books of international exchanges?
Don't you think, exchanges like Coinbase would distort market in near future if they become too big? Because real time exchanges are suppose to determined rate by processing information by individual buyer/seller with their price quote. What is mean is, price is determined by information, that is one of basic principles of free market and when exchanges like Coinbase are too big they can absorb very important 'buying/selling order that ought to be reflecting information/market sentiment.
That said, how do they cope with current situation like this, where flash crash occurs? I guess, their buying and selling is backed by liquidity plus some buffer stocks of coins. Do they forward order to order books of international exchanges?
Don't you think, exchanges like Coinbase would distort market in near future if they become too big? Because real time exchanges are suppose to determined rate by processing information by individual buyer/seller with their price quote. What is mean is, price is determined by information, that is one of basic principles of free market and when exchanges like Coinbase are too big they can absorb very important 'buying/selling order that ought to be reflecting information/market sentiment.
I would imagine their own systems go into a 'self preserve' state whenever their coins to be sold for the day goes too high, plus they do also buy coins at the listed rate too - they wouldn't have their USD reserves on bitstamp exceed what they would willingly buy in case btc flash crashes too far and fails to recover.
Nice! What about second question- Aren't they affecting free market with their new age so called 'exchanges' by absorbing 'buying/selling' orders which must go to orderbooks to determine correct market price? I think its more of remittance platform rather than exchange. I hate when they call themselves exchange.
On other hand, I've heard some news that merchant processing companies are not liquidating Bitcoin on exchanges rather they've become buying agent for some investors. Is that true? Bitcoin is suppose to be blood in the veins of future free market. Is its price threatened by these kind of manipulating activity?
Forgive me for my thinking pattern. I request your patience on question.
Coinbase is not conventional real time exchange where price is determined by demand-supply. They fetch rate from Bitstamp and execute trades. That's it!
That said, how do they cope with current situation like this, where flash crash occurs? I guess, their buying and selling is backed by liquidity plus some buffer stocks of coins. Do they forward order to order books of international exchanges?
Don't you think, exchanges like Coinbase would distort market in near future if they become too big? Because real time exchanges are suppose to determined rate by processing information by individual buyer/seller with their price quote. What is mean is, price is determined by information, that is one of basic principles of free market and when exchanges like Coinbase are too big they can absorb very important 'buying/selling order that ought to be reflecting information/market sentiment.
That said, how do they cope with current situation like this, where flash crash occurs? I guess, their buying and selling is backed by liquidity plus some buffer stocks of coins. Do they forward order to order books of international exchanges?
Don't you think, exchanges like Coinbase would distort market in near future if they become too big? Because real time exchanges are suppose to determined rate by processing information by individual buyer/seller with their price quote. What is mean is, price is determined by information, that is one of basic principles of free market and when exchanges like Coinbase are too big they can absorb very important 'buying/selling order that ought to be reflecting information/market sentiment.
http://s23.postimg.org/ezstv72jf/image.png
print screen windows 7
Prices trend on the daily charts has been downtrend from the time it broke long resistance occurring at support level of $557. As shown in the figure above, when this barrier was broken, it had huge negative impact for Bitcoin. Buying support has gone missing as candlesticks show seller have upper hand at the specified time which can be simply justified by buying of some large properties( or some related activity) in Bitcoin liquidating them at exchanges. It was observed that Bitcoin formed 'Double Bottom' on pervious occasion which couldn't sustain for long time due waning buying habit.
Cheers,
ZeroSum Believer
print screen windows 7
Prices trend on the daily charts has been downtrend from the time it broke long resistance occurring at support level of $557. As shown in the figure above, when this barrier was broken, it had huge negative impact for Bitcoin. Buying support has gone missing as candlesticks show seller have upper hand at the specified time which can be simply justified by buying of some large properties( or some related activity) in Bitcoin liquidating them at exchanges. It was observed that Bitcoin formed 'Double Bottom' on pervious occasion which couldn't sustain for long time due waning buying habit.
Cheers,
ZeroSum Believer
Re: [ANN] Unocoin raises $250,000 from Barry Silbert's Bitcoin Opportunity Corp
Congratulations Unocoin for recent investments!
I got few questions:
Is Unocoin.com 'manual version' for Coinbase?
How you hedge yourself against large buying/selling orders?
Do you forward order to international orderbooks or buy/sell on behalf of customer back by some buffer stock? If yes then, do you have programmed automated bots for your strategies or insist on manual trade?
Are you importing Bitcoins backed by IEC codes and legal research?
Regards,
ZeroSum Believer
I got few questions:
Is Unocoin.com 'manual version' for Coinbase?
How you hedge yourself against large buying/selling orders?
Do you forward order to international orderbooks or buy/sell on behalf of customer back by some buffer stock? If yes then, do you have programmed automated bots for your strategies or insist on manual trade?
Are you importing Bitcoins backed by IEC codes and legal research?
Regards,
ZeroSum Believer
Hi fellow Indians,
I'd like to introduce myself as Bitcoin entrepreneur here to learn, have hot debates and form team for various projects related to nascent crypto-industry. Bitcoin is revolution in making, as where are still no where in adapting this revolutionary technology and therefore contribution.
Regards,
ZeroSum Believer
I'd like to introduce myself as Bitcoin entrepreneur here to learn, have hot debates and form team for various projects related to nascent crypto-industry. Bitcoin is revolution in making, as where are still no where in adapting this revolutionary technology and therefore contribution.
Regards,
ZeroSum Believer