Topic: [ANN] Paytoshi: Micropayments & Faucets (Read 40185 times)
Thank you for being so helpful over the years, good luck in any future endeavors!
Thank you all, it was a good ride. 
Cheers
Cheers
All online services stopped, issuing our last transaction for faucet owners.
If you are a faucet owner, please remember that you can transfer your funds to another address till 10 AM GMT. No new transfer will be accepted after that time.
From now on, we will not serve any new micropayment for faucet users.
If you are a faucet owner you can still transfer your funds at https://paytoshi.org/private/transfer
You will have time till December 16th at 10 AM GMT to do so.
If you are a faucet owner you can still transfer your funds at https://paytoshi.org/private/transfer
You will have time till December 16th at 10 AM GMT to do so.
About selling. We are in bad spot: we reviewed our position with our tax accountant and as a registered company in Italy we would have a few troubles to declare the selling as income, especially as a Bitcoin transaction. Therefore, sadly we would not sell Paytoshi.
very sad and sorry for you.. when a country break a good company for stupid issues like 'declaration of tax', is a lost opportunity for all
italy is shit (i'm italian) for young and hitech companies
Quote
Italy does not regulate bitcoin use by private individuals.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_countryIt's not government's fault, it's people's fault not keeping books and records of all their stuff.
Even if they did, due to price volatility they wouldn't be able to figure it out, I believe.
About selling. We are in bad spot: we reviewed our position with our tax accountant and as a registered company in Italy we would have a few troubles to declare the selling as income, especially as a Bitcoin transaction. Therefore, sadly we would not sell Paytoshi.
very sad and sorry for you.. when a country break a good company for stupid issues like 'declaration of tax', is a lost opportunity for all
italy is shit (i'm italian) for young and hitech companies
Hello everyone,
we would like to remind you that we will stop operations in a week.
On December 14th at 10 AM GMT we would not accept any new microtransaction. As a user, please reach your payout threshold before that moment if you would like to be paid.
As a faucet owner you would have time till December 16th at 10 AM GMT to transfer your funds via your private area.
Shortly after we will issue our last general payment for those addresses that will be above threshold. Any fund not transferred after that payment will be implicitly lost.
About selling. We are in bad spot: we reviewed our position with our tax accountant and as a registered company in Italy we would have a few troubles to declare the selling as income, especially as a Bitcoin transaction. Therefore, sadly we would not sell Paytoshi.
We thank you for your understanding,
Cheers
we would like to remind you that we will stop operations in a week.
On December 14th at 10 AM GMT we would not accept any new microtransaction. As a user, please reach your payout threshold before that moment if you would like to be paid.
As a faucet owner you would have time till December 16th at 10 AM GMT to transfer your funds via your private area.
Shortly after we will issue our last general payment for those addresses that will be above threshold. Any fund not transferred after that payment will be implicitly lost.
About selling. We are in bad spot: we reviewed our position with our tax accountant and as a registered company in Italy we would have a few troubles to declare the selling as income, especially as a Bitcoin transaction. Therefore, sadly we would not sell Paytoshi.
We thank you for your understanding,
Cheers
i hope paytoshi release all source code like opensource.. because community give to paytoshi and now paytoshi need to give something at community
is important to release code like opensource
is important to release code like opensource
i'm really sad for this notice about paytoshi :-(
good luck and have a nice life
thank you for serving bitcoin community for long time
good luck and have a nice life
thank you for serving bitcoin community for long time
FaucetBox - Ends their days in Janauary 2017
Paytoshi - Ends their days in December 2016
However, I kinda liked the overview at Paytoshi, and sad to see they also go. I can't understand it's not profitable.
Now when that said; Faucet owners and faucet users should go over to Xapo. I don't think they would mind be the only one on the market for faucets.
Paytoshi - Ends their days in December 2016
However, I kinda liked the overview at Paytoshi, and sad to see they also go. I can't understand it's not profitable.
Now when that said; Faucet owners and faucet users should go over to Xapo. I don't think they would mind be the only one on the market for faucets.
FaucetHub.io is launching soon: https://bitcointalk.org/index.php?topic=1672870.0;topicseen
Additionally, Xapo is great, but does not appeal to the masses, as there are a TON of restrictions for a lot of regions. They ask for too much information and verification when you sign up for their service.
FacuetHub will be the next big FaucetBox. Go with them
*CUT
Now when that said; Faucet owners and faucet users should go over to Xapo. I don't think they would mind be the only one on the market for faucets.
Now when that said; Faucet owners and faucet users should go over to Xapo. I don't think they would mind be the only one on the market for faucets.
Why? They are not only one. Faucet owners can use Epay.info too. Or they can wait for mexicantarget to finish his work on faucethub and use his micro payment system, and i must say from what i have seen it is looking very good.
True. Forgot about Epay. Havent been there for over half a year as it was a mess in my eyes. But now looks much better. I have to take a look at faucethub, thanks for letting me know:)
*CUT
Now when that said; Faucet owners and faucet users should go over to Xapo. I don't think they would mind be the only one on the market for faucets.
Now when that said; Faucet owners and faucet users should go over to Xapo. I don't think they would mind be the only one on the market for faucets.
Why? They are not only one. Faucet owners can use Epay.info too. Or they can wait for mexicantarget to finish his work on faucethub and use his micro payment system, and i must say from what i have seen it is looking very good.
FaucetBox - Ends their days in Janauary 2017
Paytoshi - Ends their days in December 2016
However, I kinda liked the overview at Paytoshi, and sad to see they also go. I can't understand it's not profitable.
Now when that said; Faucet owners and faucet users should go over to Xapo. I don't think they would mind be the only one on the market for faucets.
Paytoshi - Ends their days in December 2016
However, I kinda liked the overview at Paytoshi, and sad to see they also go. I can't understand it's not profitable.
Now when that said; Faucet owners and faucet users should go over to Xapo. I don't think they would mind be the only one on the market for faucets.
Folks, I PMd you 15 minutes after you posted that you're shutting your service down, you still haven't replied.
I've also e-mailed you ;p
Are you interested selling your project or not?
I've also e-mailed you ;p
Are you interested selling your project or not?
Your site unprofitable to run!how came that your services unprofitable to run? we need to know the reason so any one
else will run such services come up with details,and he can avoid this on own service.
else will run such services come up with details,and he can avoid this on own service.
I think if they knew that, they would not be closing!
Your site unprofitable to run!how came that your services unprofitable to run? we need to know the reason so any one
else will run such services come up with details,and he can avoid this on own service.
else will run such services come up with details,and he can avoid this on own service.
Hello everyone,
Paytoshi started as a pet project in autumn 2014 and launched in december 2014. It was born in what appeared to be a profitable bubble left by Microwallet. In little less than two years we handled ~33 millions microtransactions exchanging ~85BTC. We always were runner-up in this market segment, but we are proud still of our continuous operations.
Paytoshi was never profitable because our transaction volume was just too low, but we loved cryptocurrencies and we decided to keep the project running nonetheless. We poured great effort to make a secure and reliable architecture and a good faucet script. We actively developed and honed our systems till this summer, when our company shifted focus on other projects.
We planned to make an announcement in a few days, but FaucetBox was always too fast for us: it launched a few weeks before us, gained more traction at the beginning, decided to close down sooner...
So here's our announcement: Paytoshi stops operations on 14th December. If you want to get paid, please reach your payable threshold before that date. If you are a faucet owner you can transfer your deposits to an address.
It seems a good moment to be in our place: we can be the market leader for the first time with few or not competitors at all, but honestly we are not ready to start investing again on Paytoshi. We are not against selling Paytoshi to interested parties, but we wont close out just because we dont need it.
Thanks to all our users, it's been a pleasant ride!
Cheers
Paytoshi started as a pet project in autumn 2014 and launched in december 2014. It was born in what appeared to be a profitable bubble left by Microwallet. In little less than two years we handled ~33 millions microtransactions exchanging ~85BTC. We always were runner-up in this market segment, but we are proud still of our continuous operations.
Paytoshi was never profitable because our transaction volume was just too low, but we loved cryptocurrencies and we decided to keep the project running nonetheless. We poured great effort to make a secure and reliable architecture and a good faucet script. We actively developed and honed our systems till this summer, when our company shifted focus on other projects.
We planned to make an announcement in a few days, but FaucetBox was always too fast for us: it launched a few weeks before us, gained more traction at the beginning, decided to close down sooner...
So here's our announcement: Paytoshi stops operations on 14th December. If you want to get paid, please reach your payable threshold before that date. If you are a faucet owner you can transfer your deposits to an address.
It seems a good moment to be in our place: we can be the market leader for the first time with few or not competitors at all, but honestly we are not ready to start investing again on Paytoshi. We are not against selling Paytoshi to interested parties, but we wont close out just because we dont need it.
Thanks to all our users, it's been a pleasant ride!
Cheers
What a sad day.
Your support was always excellent. Sorry for not generating more income for you.
Good luck in all future endeavors!
Bitcoin faucets are the first way for many people to get their first bitcoins and learn about the transactions system etc..
That was the case for me. Started with interest in OpenBazaar then in testing there was a test coin faucet, so I found all the rest. First bitcoin transaction was a revelation, no going back after that, stupid banker currencies must die!
Paytoshi will close down soon!what happening in micro-transactions service proved world?
Its sad news in faucet business, second micro-transactions service proved make an announcement to close down they service !
Its sad news in faucet business, second micro-transactions service proved make an announcement to close down they service !
I agree.. The faucet ecosystem is harmed today..
Bitcoin faucets are the first way for many people to get their first bitcoins and learn about the transactions system etc..
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