Topic: . - page 2. (Read 6035 times)

Hot wallet is the one which is hosted on computer with internet connection. Simple like the bitcoin client you have installed on your computer which is connected to internet and you are using it for your daily transactions or your blockchain.info account which is hosted there for you buy blockchain.info so that you can use it any time you want. It is convenient to have such wallet as you can use them for your transactions instantly. Same as rupees in your wallet. You can use them instantly.

But this wallet are highly vulnerable to security risks and thefts. Same as your current Indian rupees wallet. So what you will do to resolve this, you will place your most of rupees in some isolated place where it is difficult for any one to find it or steal it. With bitcoins  to resolve this issue you can take backup of your wallet.dat ( Your wallet ) in encrypted drive ( optional but highly recommended ), or on paper using some paper wallet generator ( You can use blockchain.info or Armory for this ) and store them in some safe place. Such wallets are known as offline wallets as normally they are stored in manner where they are not connected directly with internet.

I hope this helps

Cheers

What is cold storage? I have heard the terms hot wallet elsewhere, what are these two ?

buysellbitcoin You  guys are  doing an  awesome   job,  keep  up the  good  work.  and  in my books  you  are the right  business .

On a side note, that was amazing line

Cheers

Great.
keep us posted

Cheers

I agree that there should be more frequent updates and they should convey this on the site too, but come on its Monday morning and we should give them at least a decent amount of time to react.

@icoinv, just a humble suggestion, Running exchange requires lot of trust from people. Try to earn that from this community and trust me people here are amazing to help you if you have right intentions and on right track.

Superstar!

For  some  strange  reason  i feel that a  testnet is not  coming up  any time  soon.  and  its not the  test net  i  am concerned about i just  want them to  start  acting  in a   truthful  manner. They keep  dodging  questions, nothing  they  say  matches the  actual reality  we  see.

I know   we  should   give  proper  chances to indian  businesses  coming up, and  i like  to  help  every type  of  business related  to  bitcoin  to  be  successful, my  main fear is  that a  person  new  to bitcoin  comes  across  this  site  signup and gets  defrauded, then  we  get  bad  publicity . its our  job  to ensure   fraud with  bitcoin  in India  does  not  happen.  Our  job to clean up the  bad  rep  we have  in the  world  community .


I  will take  your  advise  and  will  stop my  self and  add another  72 hours before  i  go ahead  with the scam accusation. If they are  ligit  they  will  resort to  a  transparent  business, if they are  not  then  those  who  trust them,  is   in  for a  ride  of their  life.

The website is still up and OP has not responded since 25th.

If this is a scam, then it is on the main India thread of the forums and I am getting a bit worried about it.

I will add a Mod edit to the OP, but would be good if there was something moving forward to clear this up.

Hi Subvolatil,

I understand your concerns, but I feel its a bit too early too call them scam. Give them some more time. I know it will take some time for them to release testnet, at least a day or two. Posting a scam accusation at the moment will give them bad publicity without even starting. I believe you should give them some more time before going with scam accusation.

But again, its my view and you can disagree with that.

Cheers

i've  been  waiting  for  a  proper  response   from these  guys  before  i  posted on the scam    section  . its been  more than  24 hr still no  updates  or   explanation .  think its  time  for  me to  lay in the   accusation now.

Any update on the testnet?

Would be awesome if this project kicked off.

same question

That sounds like a fair request until this gets sorted.

Cool would  do that asap.  

Edit :- is it ok i  request this post to be unpinned. dont want any one  to be caught in the dragnet.

theymos guidelines are not to remove or do anything to possible scams.

Scam accusations can be published under https://bitcointalk.org/index.php?board=83.0 and the community will arbitrate.

Clean up your  act.  put you sit down under maintenance.  discuss  with your  so call partners. to have your details and information open for  public  scrutiny, get a working portal up and  running , and then announce the release.   the beta tests, you can  do  with the members here. till then  i have placed  the tag,  up to the other  mods  to decide  what to  do .

you dont have the luxury to stay anonymous, when people  will entrust  you to  keep their  money  while  trading.  and let  security to laps.

I want to trust  you guys  but  it  is  getting  harder  every time.  sorry .

But the Scam Tag  stays for now.

 

Why does every thing inside you  site  look  so fake. its like nothing works  properly. a  few tables nothing  showing any sale and purchase, no graphs on the number  of  sale taking place no comparison chart.

And  are you  for  real,  a  freaking  table, in a  website.that is  what you are using .  

My money is in, that this  is  just  another  Scam.

and yes i am accusing  you  of a scam. Looks  like  some  thing  a  fly by operator  would be using  to   lure  unsuspecting  victims.

Reasons for  Scam Accusation :-

1. Website registered in a  town in the middle  of nowhere.
2. company  registered under looks like a proprietorship, owned by some one else.
3. The person who says he is, is not  identified.
4. There is no clear understanding of who the partners  are in this venture.
5. Site registered under some one  else name
6. The owner  refuses  to  identify  him  self, and not  provide  any  identification of him or his partners, but  expects the customers  to  provide  identifying documents  in the start of the signup (Intel gathering)
7. As the owners  refused to identify him self , there fore for customers  to use this  site is highly dangerous and potentially points  in the  direction of a  scam.
8. People who  made  this  site made it like a  5 year old  kid making a website  for the first time.
9. There is no visible indications  in their video that this  site can  actually work  as a  exchange.
10.The site  seems  to be  faulty and not  in operation at the time of  writing  this. The site in the registration field behaves like a  Intel gathering  system rather than a  customer signup form.  registration does not go through but the file gets uploaded. (fishy)
11.The biggest problem  is that there deposit address does not have a  auto  generate option, which means  they never  coded a  wallet in the site.(biggest  give off on the video that made me  suspect that this is a  scam)
12. site vulnerable to customers, (no verifiable  ssl cert)
13. Site  does not  have password  recovery options.
14. Site  also does not  provide  any 2 factor auth
Looks like some guy got a  cheap web hosting and  did not bother  to even make it look convincing  enough, then saying this is a minimalist design.

Reporting to Mod for immediate  action against the site before some one  looses their  money and  bitcoins.

Hey  how  about  just a  screen  shot. that would be  fun.

no chappals for PW???