500087.70325136 BRIT
my current place is fifth and iam not exchanges or bot
and every mined 1k BRIT i will send to donate or it will be sell if have no money to beer
because i believes in this coin and support.
also i remember that i promised to William donate 50K brit after 0,10$ for 1 BRIT
p.s. if we will have 10 guys with my opinion we will be reach very soon.
sorry for my English.
Topic: [♔] British Digital Currency | 5% annual PoS - Bittrex - Fiat to BritCoin [BRIT] - page 19. (Read 125134 times)
September 08, 2014, 02:01:07 PM
September 08, 2014, 01:29:17 PM
Thank for the speedy response.
We do indeed have a rich list, although it only displays the top 10 for now.. I will look in to getting the top 100 available, as I would also like to know what it looks like.
You can check out the current one here. Taking the exchange wallets out of the equation, I estimate that around 3.5 million coins out of the current 10.8 million are in the top 10 wallets. It's not preferable to have that many coins in the hands of the top 10, but that's the free market for you. I'm sure the people who had the faith to spend large amount on BritCoin are holders who are not going to dump, or so I hope.
Plus I must add that none of the BritCoin team have enough to be in the top 10.
Regarding buybritcoins.com, this service is currently ran by myself. I sell coins from my personal stash at the price it would take me to buy them back from the sell wall on Bittrex, that's how the numbers are worked out. So every time someone uses the service the price goes up a little. We've had a good amount of people use the service, which is great, most of them have not used crypto before and don't want the hassle of buying BTC in order to exchange for BritCoin. As for numbers, I can message them to you if you like, but to give everyone an idea we've had around 30+ people buy between £25 and £250 (each) over the past month.
Leigh's a top lad and we're glad he's helping us with BritCoin, we're lucky to have him.
I've just done some figures myself from the Richlist that Leigh supplied http://blockexperts.com/brit
Taking into account the top 150 wallets there, (10.79m coins), I found that the:
Largest 10 holders hold 4.8m of the coins, 44.51% of all supply.
By the time you get to the top 20 holders, we're looking at 6.9m coins, or 64% of the total supply.
This figure goes to 9.47m or 88% of the total supply by the time you get to the top 50 wallets.
I think personally, I'm going to sit back and watch how you guys proceed with Britcoin, rather than take a stake, for the time being at least.
With the limited POW phase, and the high concentration of coins in the hands of a few, for what is going to be a Nation coin, would prefer to air on the side of caution.
Right now, with the price at 800 SAT, there are less than 60 wallets with the equivalent of over 100 quid in them, and less than 75 wallets with more than 50 quid in them. For me, that's not, as of yet, giving prospective merchants, much of a target market who they can sell to.
I'll keep an eye out though and see how you guys come along, and wish you all the best of luck.
I'm sure as the value rises some of those top wallets will come down in size, they will want to take their profits.
Keep an eye on us, hope to see you back here soon:)
Exchanges have large wallets.
September 08, 2014, 12:32:20 PM
Thank for the speedy response.
We do indeed have a rich list, although it only displays the top 10 for now.. I will look in to getting the top 100 available, as I would also like to know what it looks like.
You can check out the current one here. Taking the exchange wallets out of the equation, I estimate that around 3.5 million coins out of the current 10.8 million are in the top 10 wallets. It's not preferable to have that many coins in the hands of the top 10, but that's the free market for you. I'm sure the people who had the faith to spend large amount on BritCoin are holders who are not going to dump, or so I hope.
Plus I must add that none of the BritCoin team have enough to be in the top 10.
Regarding buybritcoins.com, this service is currently ran by myself. I sell coins from my personal stash at the price it would take me to buy them back from the sell wall on Bittrex, that's how the numbers are worked out. So every time someone uses the service the price goes up a little. We've had a good amount of people use the service, which is great, most of them have not used crypto before and don't want the hassle of buying BTC in order to exchange for BritCoin. As for numbers, I can message them to you if you like, but to give everyone an idea we've had around 30+ people buy between £25 and £250 (each) over the past month.
Leigh's a top lad and we're glad he's helping us with BritCoin, we're lucky to have him.
I've just done some figures myself from the Richlist that Leigh supplied http://blockexperts.com/brit
Taking into account the top 150 wallets there, (10.79m coins), I found that the:
Largest 10 holders hold 4.8m of the coins, 44.51% of all supply.
By the time you get to the top 20 holders, we're looking at 6.9m coins, or 64% of the total supply.
This figure goes to 9.47m or 88% of the total supply by the time you get to the top 50 wallets.
I think personally, I'm going to sit back and watch how you guys proceed with Britcoin, rather than take a stake, for the time being at least.
With the limited POW phase, and the high concentration of coins in the hands of a few, for what is going to be a Nation coin, would prefer to air on the side of caution.
Right now, with the price at 800 SAT, there are less than 60 wallets with the equivalent of over 100 quid in them, and less than 75 wallets with more than 50 quid in them. For me, that's not, as of yet, giving prospective merchants, much of a target market who they can sell to.
I'll keep an eye out though and see how you guys come along, and wish you all the best of luck.
I'm sure as the value rises some of those top wallets will come down in size, they will want to take their profits.
Keep an eye on us, hope to see you back here soon:)
I think your numbers are a little off, not to say that the rich list isn't what we would want it to be in the perfect world that is.
Numbers 8, 9 and 10 on the list are exchanges, judging by the amount of transactions. So the largest top 10 wallets make up little less than your estimates, but you're right about the high number of holders, I think it's because a lot of people see the potential in BritCoin and don't want to sell cheap. Having merchants and a good PR campaign will help increase buying demand, which will trigger holders to sell and lead to coins getting distributed a bit more evenly.
By using Cardiff as a BritCoin test-city, we hope gain some traction in local and national media, driving up interest and price. We're not expecting our early merchants to be accepting BritCoin on mass to begin with, that's unrealistic. But the fact that they're setup to start accepting Britcoin is still good news.
Thanks for the feedback, I hope you'll take another look at Brit in the near future and will say we're heading in the right direction.
September 08, 2014, 09:58:53 AM
Thank for the speedy response.
We do indeed have a rich list, although it only displays the top 10 for now.. I will look in to getting the top 100 available, as I would also like to know what it looks like.
You can check out the current one here. Taking the exchange wallets out of the equation, I estimate that around 3.5 million coins out of the current 10.8 million are in the top 10 wallets. It's not preferable to have that many coins in the hands of the top 10, but that's the free market for you. I'm sure the people who had the faith to spend large amount on BritCoin are holders who are not going to dump, or so I hope.
Plus I must add that none of the BritCoin team have enough to be in the top 10.
Regarding buybritcoins.com, this service is currently ran by myself. I sell coins from my personal stash at the price it would take me to buy them back from the sell wall on Bittrex, that's how the numbers are worked out. So every time someone uses the service the price goes up a little. We've had a good amount of people use the service, which is great, most of them have not used crypto before and don't want the hassle of buying BTC in order to exchange for BritCoin. As for numbers, I can message them to you if you like, but to give everyone an idea we've had around 30+ people buy between £25 and £250 (each) over the past month.
Leigh's a top lad and we're glad he's helping us with BritCoin, we're lucky to have him.
I've just done some figures myself from the Richlist that Leigh supplied http://blockexperts.com/brit
Taking into account the top 150 wallets there, (10.79m coins), I found that the:
Largest 10 holders hold 4.8m of the coins, 44.51% of all supply.
By the time you get to the top 20 holders, we're looking at 6.9m coins, or 64% of the total supply.
This figure goes to 9.47m or 88% of the total supply by the time you get to the top 50 wallets.
I think personally, I'm going to sit back and watch how you guys proceed with Britcoin, rather than take a stake, for the time being at least.
With the limited POW phase, and the high concentration of coins in the hands of a few, for what is going to be a Nation coin, would prefer to air on the side of caution.
Right now, with the price at 800 SAT, there are less than 60 wallets with the equivalent of over 100 quid in them, and less than 75 wallets with more than 50 quid in them. For me, that's not, as of yet, giving prospective merchants, much of a target market who they can sell to.
I'll keep an eye out though and see how you guys come along, and wish you all the best of luck.
I'm sure as the value rises some of those top wallets will come down in size, they will want to take their profits.
Keep an eye on us, hope to see you back here soon:)
September 08, 2014, 09:43:46 AM
Thank for the speedy response.
We do indeed have a rich list, although it only displays the top 10 for now.. I will look in to getting the top 100 available, as I would also like to know what it looks like.
You can check out the current one here. Taking the exchange wallets out of the equation, I estimate that around 3.5 million coins out of the current 10.8 million are in the top 10 wallets. It's not preferable to have that many coins in the hands of the top 10, but that's the free market for you. I'm sure the people who had the faith to spend large amount on BritCoin are holders who are not going to dump, or so I hope.
Plus I must add that none of the BritCoin team have enough to be in the top 10.
Regarding buybritcoins.com, this service is currently ran by myself. I sell coins from my personal stash at the price it would take me to buy them back from the sell wall on Bittrex, that's how the numbers are worked out. So every time someone uses the service the price goes up a little. We've had a good amount of people use the service, which is great, most of them have not used crypto before and don't want the hassle of buying BTC in order to exchange for BritCoin. As for numbers, I can message them to you if you like, but to give everyone an idea we've had around 30+ people buy between £25 and £250 (each) over the past month.
Leigh's a top lad and we're glad he's helping us with BritCoin, we're lucky to have him.
I've just done some figures myself from the Richlist that Leigh supplied http://blockexperts.com/brit
Taking into account the top 150 wallets there, (10.79m coins), I found that the:
Largest 10 holders hold 4.8m of the coins, 44.51% of all supply.
By the time you get to the top 20 holders, we're looking at 6.9m coins, or 64% of the total supply.
This figure goes to 9.47m or 88% of the total supply by the time you get to the top 50 wallets.
I think personally, I'm going to sit back and watch how you guys proceed with Britcoin, rather than take a stake, for the time being at least.
With the limited POW phase, and the high concentration of coins in the hands of a few, for what is going to be a Nation coin, would prefer to air on the side of caution.
Right now, with the price at 800 SAT, there are less than 60 wallets with the equivalent of over 100 quid in them, and less than 75 wallets with more than 50 quid in them. For me, that's not, as of yet, giving prospective merchants, much of a target market who they can sell to.
I'll keep an eye out though and see how you guys come along, and wish you all the best of luck.
September 08, 2014, 09:34:04 AM
I just wanted to say I've had a quick read through the whitepaper, and after being with Guldencoin since April time, and seeing the immense leaps forward they've made, I'd like to pick up on a couple of points.
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
Hi Cy! Sorry for the late reply, Sunday evening is my designated bath, beer, movie and no internet time. But now it's Monday morning and I'm glad to say there's a lot of exciting things going on with BritCoin this week. We have been keeping a close eye on Guldencoin and would like to replicate their growth in adoption and price, but keep in mind that Guldencoin was launched awhile before Brit.
To answer your questions;
1. We all understand the importance of merchant acquisition and our plans will be laid out in much more detail in our September Whitepaper. BritCoin was launched just over 2 months ago, we needed to ensure that the network had been put through its paces and was secure before approaching merchants, now we feel that the network is up to the job, we are starting our merchant campaign. Aside from our Android wallet that will be available soon, BritCoin will also be part of the Casheer.net app that will allow merchants to accept BritCoin and have it automatically converted to FIAT. Casheer will be available through Google Play soon.
2. iOS wallet support is a priority for us, and will come in due time. 25k BritCoins may not amount to a huge amount right now, but we have faith it will be in the near future. Our Android and web wallet (BritBank) will be launched in the coming days, once these are operational we will work on getting a iOS wallet available, one way or another.
3. I agree it's lacking content right now and our Merchants page on our site will be updated soon. Once we have our first merchant (hopefully to be confirmed this week) we will be begin a directory/map of merchants and more information for new merchants on how to accept BritCoin. We'll also be giving away 'bounties' for new merchants, more details to come on that though.
A big thanks for your feedback and questions, I really appreciated it. BritCoin is still a very young currency and we're all working very hard to make this a success. Whatever advice/feedback we can get from the community goes a long way to improving BritCoin.
Hi Will7am, thanks for the reply. I know what you mean about taking time off from being sat in front of a computer!
One more thing came to mind after my last message, so I wanted to ask - do you have a RichList, or at least some stats on the top 100 wallets -
what % (in total) they own of the entire coin supply?
Because of the limited amount of time mining, I have some reservations knowing how much is held by individual wallets. Of course, people may hold more than 1 wallet, but I like to know where the supply lies.
I can't say I've read every single page on the ANN, but could you also let me know how the https://buybritcoins.com/ is funded? Are the coins bought from an exchange as and when someone applies for these, or do you have a "stash" of these which are being sold as and when people wish to buy in?
On the same subject, how many people have you had buying from the website? I'm asking because it would give me (and others) a good idea how many people, outside of the crypto world, are becoming interested in Britcoin.
I've seen leigh2k14's name around a few coins, so it's good to see you've got him on board.
Thank for the speedy response.
We do indeed have a rich list, although it only displays the top 10 for now.. I will look in to getting the top 100 available, as I would also like to know what it looks like.
You can check out the current one here. Taking the exchange wallets out of the equation, I estimate that around 3.5 million coins out of the current 10.8 million are in the top 10 wallets. It's not preferable to have that many coins in the hands of the top 10, but that's the free market for you. I'm sure the people who had the faith to spend large amount on BritCoin are holders who are not going to dump, or so I hope.
Plus I must add that none of the BritCoin team have enough to be in the top 10.
Regarding buybritcoins.com, this service is currently ran by myself. I sell coins from my personal stash at the price it would take me to buy them back from the sell wall on Bittrex, that's how the numbers are worked out. So every time someone uses the service the price goes up a little. We've had a good amount of people use the service, which is great, most of them have not used crypto before and don't want the hassle of buying BTC in order to exchange for BritCoin. As for numbers, I can message them to you if you like, but to give everyone an idea we've had around 30+ people buy between £25 and £250 (each) over the past month.
Leigh's a top lad and we're glad he's helping us with BritCoin, we're lucky to have him.
I see the potential for this coin if it is adopted by the UK masses, it's exciting when you think about it. It's going to take lots of work to get there, but i'm sure the community will help out as much as possible.
This block explorer's rich list goes upto 100: http://blockexperts.com/brit
September 08, 2014, 08:55:13 AM
I just wanted to say I've had a quick read through the whitepaper, and after being with Guldencoin since April time, and seeing the immense leaps forward they've made, I'd like to pick up on a couple of points.
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
Hi Cy! Sorry for the late reply, Sunday evening is my designated bath, beer, movie and no internet time. But now it's Monday morning and I'm glad to say there's a lot of exciting things going on with BritCoin this week. We have been keeping a close eye on Guldencoin and would like to replicate their growth in adoption and price, but keep in mind that Guldencoin was launched awhile before Brit.
To answer your questions;
1. We all understand the importance of merchant acquisition and our plans will be laid out in much more detail in our September Whitepaper. BritCoin was launched just over 2 months ago, we needed to ensure that the network had been put through its paces and was secure before approaching merchants, now we feel that the network is up to the job, we are starting our merchant campaign. Aside from our Android wallet that will be available soon, BritCoin will also be part of the Casheer.net app that will allow merchants to accept BritCoin and have it automatically converted to FIAT. Casheer will be available through Google Play soon.
2. iOS wallet support is a priority for us, and will come in due time. 25k BritCoins may not amount to a huge amount right now, but we have faith it will be in the near future. Our Android and web wallet (BritBank) will be launched in the coming days, once these are operational we will work on getting a iOS wallet available, one way or another.
3. I agree it's lacking content right now and our Merchants page on our site will be updated soon. Once we have our first merchant (hopefully to be confirmed this week) we will be begin a directory/map of merchants and more information for new merchants on how to accept BritCoin. We'll also be giving away 'bounties' for new merchants, more details to come on that though.
A big thanks for your feedback and questions, I really appreciated it. BritCoin is still a very young currency and we're all working very hard to make this a success. Whatever advice/feedback we can get from the community goes a long way to improving BritCoin.
Hi Will7am, thanks for the reply. I know what you mean about taking time off from being sat in front of a computer!
One more thing came to mind after my last message, so I wanted to ask - do you have a RichList, or at least some stats on the top 100 wallets -
what % (in total) they own of the entire coin supply?
Because of the limited amount of time mining, I have some reservations knowing how much is held by individual wallets. Of course, people may hold more than 1 wallet, but I like to know where the supply lies.
I can't say I've read every single page on the ANN, but could you also let me know how the https://buybritcoins.com/ is funded? Are the coins bought from an exchange as and when someone applies for these, or do you have a "stash" of these which are being sold as and when people wish to buy in?
On the same subject, how many people have you had buying from the website? I'm asking because it would give me (and others) a good idea how many people, outside of the crypto world, are becoming interested in Britcoin.
I've seen leigh2k14's name around a few coins, so it's good to see you've got him on board.
Thank for the speedy response.
We do indeed have a rich list, although it only displays the top 10 for now.. I will look in to getting the top 100 available, as I would also like to know what it looks like.
You can check out the current one here. Taking the exchange wallets out of the equation, I estimate that around 3.5 million coins out of the current 10.8 million are in the top 10 wallets. It's not preferable to have that many coins in the hands of the top 10, but that's the free market for you. I'm sure the people who had the faith to spend large amount on BritCoin are holders who are not going to dump, or so I hope.
Plus I must add that none of the BritCoin team have enough to be in the top 10.
Regarding buybritcoins.com, this service is currently ran by myself. I sell coins from my personal stash at the price it would take me to buy them back from the sell wall on Bittrex, that's how the numbers are worked out. So every time someone uses the service the price goes up a little. We've had a good amount of people use the service, which is great, most of them have not used crypto before and don't want the hassle of buying BTC in order to exchange for BritCoin. As for numbers, I can message them to you if you like, but to give everyone an idea we've had around 30+ people buy between £25 and £250 (each) over the past month.
Leigh's a top lad and we're glad he's helping us with BritCoin, we're lucky to have him.
September 08, 2014, 08:41:27 AM
I just wanted to say I've had a quick read through the whitepaper, and after being with Guldencoin since April time, and seeing the immense leaps forward they've made, I'd like to pick up on a couple of points.
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
Hi Cy! Sorry for the late reply, Sunday evening is my designated bath, beer, movie and no internet time. But now it's Monday morning and I'm glad to say there's a lot of exciting things going on with BritCoin this week. We have been keeping a close eye on Guldencoin and would like to replicate their growth in adoption and price, but keep in mind that Guldencoin was launched awhile before Brit.
To answer your questions;
1. We all understand the importance of merchant acquisition and our plans will be laid out in much more detail in our September Whitepaper. BritCoin was launched just over 2 months ago, we needed to ensure that the network had been put through its paces and was secure before approaching merchants, now we feel that the network is up to the job, we are starting our merchant campaign. Aside from our Android wallet that will be available soon, BritCoin will also be part of the Casheer.net app that will allow merchants to accept BritCoin and have it automatically converted to FIAT. Casheer will be available through Google Play soon.
2. iOS wallet support is a priority for us, and will come in due time. 25k BritCoins may not amount to a huge amount right now, but we have faith it will be in the near future. Our Android and web wallet (BritBank) will be launched in the coming days, once these are operational we will work on getting a iOS wallet available, one way or another.
3. I agree it's lacking content right now and our Merchants page on our site will be updated soon. Once we have our first merchant (hopefully to be confirmed this week) we will be begin a directory/map of merchants and more information for new merchants on how to accept BritCoin. We'll also be giving away 'bounties' for new merchants, more details to come on that though.
A big thanks for your feedback and questions, I really appreciated it. BritCoin is still a very young currency and we're all working very hard to make this a success. Whatever advice/feedback we can get from the community goes a long way to improving BritCoin.
Hi Will7am, thanks for the reply. I know what you mean about taking time off from being sat in front of a computer!
One more thing came to mind after my last message, so I wanted to ask - do you have a RichList, or at least some stats on the top 100 wallets -
what % (in total) they own of the entire coin supply?
Because of the limited amount of time mining, I have some reservations knowing how much is held by individual wallets. Of course, people may hold more than 1 wallet, but I like to know where the supply lies.
I can't say I've read every single page on the ANN, but could you also let me know how the https://buybritcoins.com/ is funded? Are the coins bought from an exchange as and when someone applies for these, or do you have a "stash" of these which are being sold as and when people wish to buy in?
On the same subject, how many people have you had buying from the website? I'm asking because it would give me (and others) a good idea how many people, outside of the crypto world, are becoming interested in Britcoin.
I've seen leigh2k14's name around a few coins, so it's good to see you've got him on board.
Glad I'm on board
Here's the rich list: http://blockexperts.com/brit
September 08, 2014, 08:08:28 AM
Great points cy!
Re: #2, I think you devs have limited yourself by having such a small premine!
I agree it would have been handy to have more BritCoins to get things moving, but you know what this community is like.. Even 1% is considered too much.
We do have a donation address in the OP for Brit or BTC, which the community has been nice enough to donate to.
September 08, 2014, 07:54:20 AM
I just wanted to say I've had a quick read through the whitepaper, and after being with Guldencoin since April time, and seeing the immense leaps forward they've made, I'd like to pick up on a couple of points.
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
Hi Cy! Sorry for the late reply, Sunday evening is my designated bath, beer, movie and no internet time. But now it's Monday morning and I'm glad to say there's a lot of exciting things going on with BritCoin this week. We have been keeping a close eye on Guldencoin and would like to replicate their growth in adoption and price, but keep in mind that Guldencoin was launched awhile before Brit.
To answer your questions;
1. We all understand the importance of merchant acquisition and our plans will be laid out in much more detail in our September Whitepaper. BritCoin was launched just over 2 months ago, we needed to ensure that the network had been put through its paces and was secure before approaching merchants, now we feel that the network is up to the job, we are starting our merchant campaign. Aside from our Android wallet that will be available soon, BritCoin will also be part of the Casheer.net app that will allow merchants to accept BritCoin and have it automatically converted to FIAT. Casheer will be available through Google Play soon.
2. iOS wallet support is a priority for us, and will come in due time. 25k BritCoins may not amount to a huge amount right now, but we have faith it will be in the near future. Our Android and web wallet (BritBank) will be launched in the coming days, once these are operational we will work on getting a iOS wallet available, one way or another.
3. I agree it's lacking content right now and our Merchants page on our site will be updated soon. Once we have our first merchant (hopefully to be confirmed this week) we will be begin a directory/map of merchants and more information for new merchants on how to accept BritCoin. We'll also be giving away 'bounties' for new merchants, more details to come on that though.
A big thanks for your feedback and questions, I really appreciated it. BritCoin is still a very young currency and we're all working very hard to make this a success. Whatever advice/feedback we can get from the community goes a long way to improving BritCoin.
Hi Will7am, thanks for the reply. I know what you mean about taking time off from being sat in front of a computer!
One more thing came to mind after my last message, so I wanted to ask - do you have a RichList, or at least some stats on the top 100 wallets -
what % (in total) they own of the entire coin supply?
Because of the limited amount of time mining, I have some reservations knowing how much is held by individual wallets. Of course, people may hold more than 1 wallet, but I like to know where the supply lies.
I can't say I've read every single page on the ANN, but could you also let me know how the https://buybritcoins.com/ is funded? Are the coins bought from an exchange as and when someone applies for these, or do you have a "stash" of these which are being sold as and when people wish to buy in?
On the same subject, how many people have you had buying from the website? I'm asking because it would give me (and others) a good idea how many people, outside of the crypto world, are becoming interested in Britcoin.
I've seen leigh2k14's name around a few coins, so it's good to see you've got him on board.
September 08, 2014, 05:25:46 AM
Willam good morning,
What you think about to add some speech to video?
What you think about to add some speech to video?
I assume you mean our first promo video? (https://www.youtube.com/watch?v=tcENtfYUlxw)
We'll be working on an entirely new one soon, which will be much more informative and include speech audio. No ETA on this yet, but it will come in the near future.
Thanks for the suggestion, appreciate your support.
September 08, 2014, 05:10:36 AM
I just wanted to say I've had a quick read through the whitepaper, and after being with Guldencoin since April time, and seeing the immense leaps forward they've made, I'd like to pick up on a couple of points.
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
1) Merchants And Ecommerce Acquisition
This section of the whitepaper is ESSENTIAL to get Britcoin moving. In order for you to start getting merchants to accept Britcoin, they NEED a guaranteed way of exchanging their Brits into pounds, at the moment of transaction.
Some retailers might choose to hold Britcoin, but most, they'll want to be sure of the money they get, and this is the only way to ensure they come on board.
Litebit.eu is who Guldencoin partner with to ensure this happens swiftly.
2) Your offer of just 25k Brit for iOS wallet - frankly, it's going to be a shot in the dark if you get this done for such a low price. iOS developers are in huge demand, and as of yet, there's no publically available wallet that I know of (I could be wrong), but what I do know is that Guldencoin raised $3,000 in selling some of the pre-mine to get a developer to take them seriously - and by all accounts, that was a cheap price.
3. Your Britcoin for Merchants page is extremely limited - before starting to go to merchants, this should be comprehensively covered in my opinion.
I'll be keeping an eye out here to see how things develop - I was thinking to buy a significant size holding when I came across the thread, after seeing how well nation coins can thrive under the right direction.
Look forward to any feedback you may have.
Cy
Hi Cy! Sorry for the late reply, Sunday evening is my designated bath, beer, movie and no internet time. But now it's Monday morning and I'm glad to say there's a lot of exciting things going on with BritCoin this week. We have been keeping a close eye on Guldencoin and would like to replicate their growth in adoption and price, but keep in mind that Guldencoin was launched awhile before Brit.
To answer your questions;
1. We all understand the importance of merchant acquisition and our plans will be laid out in much more detail in our September Whitepaper. BritCoin was launched just over 2 months ago, we needed to ensure that the network had been put through its paces and was secure before approaching merchants, now we feel that the network is up to the job, we are starting our merchant campaign. Aside from our Android wallet that will be available soon, BritCoin will also be part of the Casheer.net app that will allow merchants to accept BritCoin and have it automatically converted to FIAT. Casheer will be available through Google Play soon.
2. iOS wallet support is a priority for us, and will come in due time. 25k BritCoins may not amount to a huge amount right now, but we have faith it will be in the near future. Our Android and web wallet (BritBank) will be launched in the coming days, once these are operational we will work on getting a iOS wallet available, one way or another.
3. I agree it's lacking content right now and our Merchants page on our site will be updated soon. Once we have our first merchant (hopefully to be confirmed this week) we will be begin a directory/map of merchants and more information for new merchants on how to accept BritCoin. We'll also be giving away 'bounties' for new merchants, more details to come on that though.
A big thanks for your feedback and questions, I really appreciated it. BritCoin is still a very young currency and we're all working very hard to make this a success. Whatever advice/feedback we can get from the community goes a long way to improving BritCoin.
September 08, 2014, 04:18:47 AM
September 08, 2014, 04:06:35 AM
Willam good morning,
What you think about to add some speech to video?
What you think about to add some speech to video?
I'm not sure what you meant by that, care to explain further?
September 08, 2014, 03:20:46 AM
Willam good morning,
What you think about to add some speech to video?
What you think about to add some speech to video?
September 07, 2014, 11:22:27 PM
I think the dev team should push up your pump sooner rather than bittrex are tightened pump fake status
Quote
PI trading has a number of benefits for traders and markets. For traders using automated trading it saves them time by allowing them to trade without spending physical time on markets and it reduces the emotional impact of trading. For non-automated traders, there is the additional liquidity that bots provide and badly written bots provide great opportunities.
Unfortunately, the latest crop of bots are being used to skew the order books by automatically creating orders that have no intention of being filled. This frustrates traders who are trying to find the real price of a coin.
To combat this, we are making the following changes.
Order Entry
Number open orders per market will be limited to 10.
Only 100 orders may be placed in a one hour period on a given market.
These caps apply both to UI and API trades
API Requests
Api requests will be throttled based on data intensity and resource utilization, calls will be eligible for throttling if they exceed:
Low: 1 request per second
Medium: 1 request per 10 seconds
High: 1 request per 30 seconds
The API documentation will be updated shorty to reflect the intensity level of each call. These changes are still in draft and we're looking for community feedback. For users and services who require higher data access levels, please contact us for potential white listing.
The changes will take effect no earlier than midnight Monday September 8th*.
Unfortunately, the latest crop of bots are being used to skew the order books by automatically creating orders that have no intention of being filled. This frustrates traders who are trying to find the real price of a coin.
To combat this, we are making the following changes.
Order Entry
Number open orders per market will be limited to 10.
Only 100 orders may be placed in a one hour period on a given market.
These caps apply both to UI and API trades
API Requests
Api requests will be throttled based on data intensity and resource utilization, calls will be eligible for throttling if they exceed:
Low: 1 request per second
Medium: 1 request per 10 seconds
High: 1 request per 30 seconds
The API documentation will be updated shorty to reflect the intensity level of each call. These changes are still in draft and we're looking for community feedback. For users and services who require higher data access levels, please contact us for potential white listing.
The changes will take effect no earlier than midnight Monday September 8th*.
September 07, 2014, 03:41:44 PM
The volume on Bittrex is extremely low today. 0.03 BTC volume. Though only 1 BTC. To get to 1k. I know some will hate it this, but with buy walls and sell walls like we have currently, it primed for some pumper to take advantage.
The volume will pick up when we get a bit more attention.
Yes, but we have to be careful not to let the volume get low enough that the coin gets delisted.
I can't see that happening, work being done on anon next week, plus the will7am is in talks with vendors.
You also forget a lot of people steer clear country coins after all pump and dumps a few months back. Once the masses realize there's legit developers with a plan to get this coin on the high street, they will come flooding in.
September 07, 2014, 03:33:36 PM
The volume on Bittrex is extremely low today. 0.03 BTC volume. Though only 1 BTC. To get to 1k. I know some will hate it this, but with buy walls and sell walls like we have currently, it primed for some pumper to take advantage.
The volume will pick up when we get a bit more attention.
Yes, but we have to be careful not to let the volume get low enough that the coin gets delisted.
Bittrex won't delist a coin immediately. Nothing to worry about
September 07, 2014, 03:26:26 PM
The volume on Bittrex is extremely low today. 0.03 BTC volume. Though only 1 BTC. To get to 1k. I know some will hate it this, but with buy walls and sell walls like we have currently, it primed for some pumper to take advantage.
The volume will pick up when we get a bit more attention.
Yes, but we have to be careful not to let the volume get low enough that the coin gets delisted.
September 07, 2014, 02:51:02 PM
The volume on Bittrex is extremely low today. 0.03 BTC volume. Though only 1 BTC. To get to 1k. I know some will hate it this, but with buy walls and sell walls like we have currently, it primed for some pumper to take advantage.
The volume will pick up when we get a bit more attention.
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