https://hashtalk.ch/topic/37654/ann-transit-coin/2 Archive: https://archive.is/Q6l8S
Topic: [ ANN ]FIRST ALTCOIN EXCHANGE ACCEPTING TRADES IN BOTH INDIAN RUPEES AND UNITED (Read 8661 times)
June 03, 2015, 02:02:58 PM
TNT coin will only be available by mining. TNT coin will only be available through escrow purchase. TNT coin can be purchased from TNTswap. Uhhh, no. How about: TNT is the scam project of a schizophrenic Hashtalk Paycoiner idiot who changes the scam outline continuously.
https://hashtalk.ch/topic/37654/ann-transit-coin/2 Archive: https://archive.is/Q6l8S
https://hashtalk.ch/topic/37654/ann-transit-coin/2 Archive: https://archive.is/Q6l8S
June 03, 2015, 01:42:13 PM
After the Merchant accepts the coin, THEN what? Who backs the purchase when the Merchant dumps it on an exchange!?!? This is something all of you Paycoiner imbeciles could never grasp. Merchant acceptance of a shitcoin will make the value plummet.
I think they are going to solve this problem by not having any merchant adoption. Also the $1 value sounds like it will be "managed", not guaranteed. Maybe an Honor program will be announced in a couple of weeks.
June 03, 2015, 11:59:13 AM
You still haven't explained how the staking will work at all.
SoonTMYou fools you didn't know how coin staking works :-)
Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-)
I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to.
Those to me seem like important questions if I were to use your coin as opposed to one of the others.
As already stated several times that user can choose his escrow.
So prior buying user can deal with escrow how to handle it. Like if user want escrow to convert the BTC to fiat and keep the fiat in escrow then he has to make that deal with escrow he selected. We don't have any control on it.
And you are not giving money to us you are giving it to escrow to hold it for 90 days. In between if you found that its not benificial for you to keep the coin you can return the coin and get your money back from escrow.
What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.
A: We don't have to give extra money to user for stake generated coins if they purchased it using escrow. Because untill they close the escrow and release fund to us they are holding our coin against security so every coin generated from that belong to us. And if they want to get their escrow fund back thay have to return actual coin they buyed + stake generated to escrow.
So then what is the point of the escrow? Or the coin?
I give the escrow $100. I get 100 coins. How can I use them if that cancels the escrow. How do other people get the coins. What is the point of this?
as we already stated the coins main purpose was to provide user with the ability to buy online using the coin or to send money to each other. The coin was not created for pump or dump
and we are also nott looking for users who buy 10000 or 100000 coins . instead of that we are looking for user who will use coin to buy services or products online.
Our most preferred user will be of an example given below:
User a want to buy 5$ gift card from merchant. he will login to tnt swap buy 5$ coin pay to merchant using the coin. that's all
after that merchant can hold the coin or sell back to us.
it was 100 times repeated that we are not looking for Investors for the coin we need coin to be used by users who want to purchase online
no matter they buy 1 TNT or 0.001 TNT coin we are happy with that After the Merchant accepts the coin, THEN what? Who backs the purchase when the Merchant dumps it on an exchange!?!? This is something all of you Paycoiner imbeciles could never grasp. Merchant acceptance of a shitcoin will make the value plummet.
June 03, 2015, 11:53:14 AM
You still haven't explained how the staking will work at all.
SoonTMYou fools you didn't know how coin staking works :-)
Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-)
I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to.
Those to me seem like important questions if I were to use your coin as opposed to one of the others.
As already stated several times that user can choose his escrow.
So prior buying user can deal with escrow how to handle it. Like if user want escrow to convert the BTC to fiat and keep the fiat in escrow then he has to make that deal with escrow he selected. We don't have any control on it.
And you are not giving money to us you are giving it to escrow to hold it for 90 days. In between if you found that its not benificial for you to keep the coin you can return the coin and get your money back from escrow.
What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.
A: We don't have to give extra money to user for stake generated coins if they purchased it using escrow. Because untill they close the escrow and release fund to us they are holding our coin against security so every coin generated from that belong to us. And if they want to get their escrow fund back thay have to return actual coin they buyed + stake generated to escrow.
So then what is the point of the escrow? Or the coin?
I give the escrow $100. I get 100 coins. How can I use them if that cancels the escrow. How do other people get the coins. What is the point of this?
as we already stated the coins main purpose was to provide user with the ability to buy online using the coin or to send money to each other. The coin was not created for pump or dump
and we are also nott looking for users who buy 10000 or 100000 coins . instead of that we are looking for user who will use coin to buy services or products online.
Our most preferred user will be of an example given below:
User a want to buy 5$ gift card from merchant. he will login to tnt swap buy 5$ coin pay to merchant using the coin. that's all
after that merchant can hold the coin or sell back to us.
it was 100 times repeated that we are not looking for Investors for the coin we need coin to be used by users who want to purchase online
no matter they buy 1 TNT or 0.001 TNT coin we are happy with that June 03, 2015, 11:46:57 AM
You still haven't explained how the staking will work at all.
SoonTMYou fools you didn't know how coin staking works :-)
Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-)
I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to.
Those to me seem like important questions if I were to use your coin as opposed to one of the others.
As already stated several times that user can choose his escrow.
So prior buying user can deal with escrow how to handle it. Like if user want escrow to convert the BTC to fiat and keep the fiat in escrow then he has to make that deal with escrow he selected. We don't have any control on it.
And you are not giving money to us you are giving it to escrow to hold it for 90 days. In between if you found that its not benificial for you to keep the coin you can return the coin and get your money back from escrow.
What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.
A: We don't have to give extra money to user for stake generated coins if they purchased it using escrow. Because untill they close the escrow and release fund to us they are holding our coin against security so every coin generated from that belong to us. And if they want to get their escrow fund back thay have to return actual coin they buyed + stake generated to escrow.
So then what is the point of the escrow? Or the coin?
I give the escrow $100. I get 100 coins. How can I use them if that cancels the escrow. How do other people get the coins. What is the point of this?
@Coldcoiner: Red highlighted portion explains everything. You have no control over escrow, therefore there is no super special escrow contract that precludes dumping stake. There is either a real and legal contract, or there isn't. You are saying there is no escrow contract, therefore everything you say about the escrow protections are complete and total bullshit.
June 03, 2015, 11:40:31 AM
You still haven't explained how the staking will work at all.
SoonTMYou fools you didn't know how coin staking works :-)
Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-)
I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to.
Those to me seem like important questions if I were to use your coin as opposed to one of the others.
As already stated several times that user can choose his escrow.
So prior buying user can deal with escrow how to handle it. Like if user want escrow to convert the BTC to fiat and keep the fiat in escrow then he has to make that deal with escrow he selected. We don't have any control on it.
And you are not giving money to us you are giving it to escrow to hold it for 90 days. In between if you found that its not benificial for you to keep the coin you can return the coin and get your money back from escrow.
What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.
A: We don't have to give extra money to user for stake generated coins if they purchased it using escrow. Because untill they close the escrow and release fund to us they are holding our coin against security so every coin generated from that belong to us. And if they want to get their escrow fund back thay have to return actual coin they buyed + stake generated to escrow.
So then what is the point of the escrow? Or the coin?
I give the escrow $100. I get 100 coins. How can I use them if that cancels the escrow. How do other people get the coins. What is the point of this?
June 03, 2015, 11:31:47 AM
False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on for your exchange.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on for your exchange.
i am not ignoring constructive discussions
let me clear it :
if we are giving 0.0042 BTC for 1 coin valued at 1$/coin. Then the users who buy coin also give us the same rate they are not going to pay 0.0045 for 1$ thats the thing and at present you can only get coins from directly from us or indirectly from us through escrow.
tntswap ======= coin ========user/buyer
tntswap =======coin=========escrow========user/buyer
tntcoin.con ( faucet ) ===============user
so if today we are selling one coin for 0.0042 BTC then we are also buying it for the same 0.0042.
and if you have any suggestion we are open for that
Where is the $1/coin backing for faucet coins? Where is the $1/coin backing for staked coins? Where is the $1/coin backing for the coins you are selling? Keeping the funds yourself does not constitute escrow, unlike what your hero Homero wanted to think. You would need to send it to a third party, otherwise it is a sale, not a backing. Also, where is the escrow contract?
June 03, 2015, 11:29:24 AM
If I'm reading this right they are not going to buy back any coins at $1 except ones they sell through escrow (which would be your own money returned to you sans fees) or "directly" (not happening yet but also likely your own money returned to you sans fees). So these are basically loans, they lend you TNT for a BTC collateral. All free trade on exchanges will have the same value as any other shitcoin. Such innovate.
June 03, 2015, 11:28:02 AM
False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.
You clearly said Black Market.
Did I? lol
Think you quoted the wrong post
OOps. LOL . Yes, I obviously thought you were CC denying his Black Market activities. My apologies for this error.
@ Coldcoiner: Please explain your illegal Black Market activities.
June 03, 2015, 11:26:54 AM
False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on for your exchange.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on for your exchange.
i am not ignoring constructive discussions
let me clear it :
if we are giving 0.0042 BTC for 1 coin valued at 1$/coin. Then the users who buy coin also give us the same rate they are not going to pay 0.0045 for 1$ thats the thing and at present you can only get coins from directly from us or indirectly from us through escrow.
tntswap ======= coin ========user/buyer
tntswap =======coin=========escrow========user/buyer
tntcoin.con ( faucet ) ===============user
so if today we are selling one coin for 0.0042 BTC then we are also buying it for the same 0.0042.
and if you have any suggestion we are open for that
June 03, 2015, 11:24:14 AM
False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.
You clearly said Black Market.
Did I? lol
Think you quoted the wrong post
June 03, 2015, 11:23:12 AM
False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.
You clearly said Black Market. That means illegal. Please explain your Black Market activities.
June 03, 2015, 11:19:59 AM
False, there is something called a spread but since you refuse to have constructive discussion I'll leave it at that and for you to research.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.
Bottom line is the price of BTC isn't your's to decide if your premise is that people buy a coin for $1, it has to be $1 and not what you feel like $1 is worth on your exchange.
June 03, 2015, 11:18:50 AM
We are using the same rate for buy and sell several exchanges are using that . i don't think there a problem in that.
if we are taking bit coin at 5% above market we are also giving 5% above market.
if we are taking bit coin at 5% above market we are also giving 5% above market.
You are trading it a 5% below market, not above. It can be sold on Bitstamp for 0.0045BTC at the moment which would be almost 7% instant profit, it's a real cash cow you have there if you can make 5%+ on every trade
Every exchange has it own rate on black market deals you can get even more but that doesn't matter to us. If user buys a coin then also they pay BTC according to the rates we list buy order in our exchange
like if some one want to buy they can also get TNT at the same we are buying back it .
So now you are involved in Black Market trading? Please explain. Drugs? Weapons? Prostitutes?
June 03, 2015, 11:13:10 AM
We are using the same rate for buy and sell several exchanges are using that . i don't think there a problem in that.
if we are taking bit coin at 5% above market we are also giving 5% above market.
if we are taking bit coin at 5% above market we are also giving 5% above market.
You are trading it a 5% below market, not above. It can be sold on Bitstamp for 0.0045BTC at the moment which would be almost 7% instant profit, it's a real cash cow you have there if you can make 5%+ on every trade
Every exchange has it own rate on black market deals you can get even more but that doesn't matter to us. If user buys a coin then also they pay BTC according to the rates we list buy order in our exchange
like if some one want to buy they can also get TNT at the same we are buying back it .
June 03, 2015, 11:09:08 AM
We are using the same rate for buy and sell several exchanges are using that . i don't think there a problem in that.
if we are taking bit coin at 5% above market we are also giving 5% above market.
if we are taking bit coin at 5% above market we are also giving 5% above market.
You are trading it a 5% below market, not above. It can be sold on Bitstamp for 0.0045BTC at the moment which would be almost 7% instant profit, it's a real cash cow you have there if you can make 5%+ on every trade
June 03, 2015, 11:06:27 AM
Show the order where you include 5% more TNT coin please.
Also, still waiting on a copy of the escrow contract.
Also, still waiting on a copy of the escrow contract.
June 03, 2015, 11:03:22 AM
http://preev.com/btc/usd/source:localbitcoins
0.00042 = 0.1018
AND AT PRESENT THERE WAS A BUY ORDER FOR :
1499.49 TNT AT 0.00042 BTC EACH
WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN
0.00042 = 0.1018
AND AT PRESENT THERE WAS A BUY ORDER FOR :
1499.49 TNT AT 0.00042 BTC EACH
WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN
Preev and Google are at 0.004385BTC, that's a 5% difference. You're using deflated figures, localbitcoin isn't a valid source, of course people put in a profit margin, I'm not going to sell you a bitcoin for free...
People are making good points and rather than seeing them and try fixing your mess you keep deflecting. Of course having to pay more than $1 to get $1 has an effect, why would someone pay $1.15 to be able to buy from your online store at a $1 value?
We are using the same rate for buy and sell several exchanges are using that . i don't think there a problem in that.
if we are taking bit coin at 5% above market we are also giving 5% above market.
and no need to discuss the rate know because:
Till now we didnt sold a single coin. so we not owe anything to anyone. As soon we sell one we will place buy order in USD
At present only coins user out side our circle only got TNT coin through faucet and if they want to sell it they can do it
And no one was able to scam other giving free coins
June 03, 2015, 10:59:24 AM
http://preev.com/btc/usd/source:localbitcoins
0.00042 = 0.1018
AND AT PRESENT THERE WAS A BUY ORDER FOR :
1499.49 TNT AT 0.00042 BTC EACH
WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN
0.00042 = 0.1018
AND AT PRESENT THERE WAS A BUY ORDER FOR :
1499.49 TNT AT 0.00042 BTC EACH
WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN
Preev and Google are at 0.004385BTC, that's a 5% difference. You're using deflated figures, localbitcoin isn't a valid source, of course people put in a profit margin, I'm not going to sell you a bitcoin for free...
People are making good points and rather than seeing them and try fixing your mess you keep deflecting. Of course having to pay more than $1 to get $1 has an effect, why would someone pay $1.15 to be able to buy from your online store at a $1 value?
June 03, 2015, 10:56:53 AM
All the buy bids on your own exchange are under $1, this doesn't seem very logical if the floor is $1.
Considering that the exchange trades under the $1 value and that nothing will stop your exchange or any other exchange to trade the currency freely at real market value I don't see the point in buying it for $1 with or without escrow.
Paul has a point regarding regarding staked coins, if my $1 is worth $1.20 including stakes in 3 months, you don't have the money to back the extra $0.20 I have generated.
If the escrow role is to back the currency value at $1, what is there to stop you from selling against that security when the escrow forwards you the funds (you get the funds, you sell a couple of TNT for $1 for operating costs or whatever other reason you can come up with)? Your Prime Controllers will be generating insane amount of free money every day. Having Prime Controllers is a big red flag and I fail to see the reason for them to even exists if your intent is to try and enforce a $1 floor.
If this will all be traded to FIAT and back, the fee on fiat transfers can be significant, this fee will have to be pushed to the consumer... The escrow will also want to be remunerated increasing the cost to acquire the coin. Why would someone spend $1.15 to by a $1 coin why would they when they can use their $1 for face value at the moment?
Considering that the exchange trades under the $1 value and that nothing will stop your exchange or any other exchange to trade the currency freely at real market value I don't see the point in buying it for $1 with or without escrow.
Paul has a point regarding regarding staked coins, if my $1 is worth $1.20 including stakes in 3 months, you don't have the money to back the extra $0.20 I have generated.
If the escrow role is to back the currency value at $1, what is there to stop you from selling against that security when the escrow forwards you the funds (you get the funds, you sell a couple of TNT for $1 for operating costs or whatever other reason you can come up with)? Your Prime Controllers will be generating insane amount of free money every day. Having Prime Controllers is a big red flag and I fail to see the reason for them to even exists if your intent is to try and enforce a $1 floor.
If this will all be traded to FIAT and back, the fee on fiat transfers can be significant, this fee will have to be pushed to the consumer... The escrow will also want to be remunerated increasing the cost to acquire the coin. Why would someone spend $1.15 to by a $1 coin why would they when they can use their $1 for face value at the moment?
http://preev.com/btc/usd/source:localbitcoins
0.00042 = 0.1018
AND AT PRESENT THERE WAS A BUY ORDER FOR :
1499.49 TNT AT 0.00042 BTC EACH
WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN
Whoah! Better tell Bitpop to brush away the beer bottles and crawl out of the couch then, he has some escrow action incoming! Have you sent him a copy of the escrow agreement , including the method of determining how to penalize stake during the escrow period? I would like to see that, along with your notarized signature on it, of course, because that would be required for it to be legitimate legal document allowing you to claim action over someone else's property.
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