Topic: [♔] British Digital Currency | 5% annual PoS - Bittrex - Fiat to BritCoin [BRIT] - page 42. (Read 125135 times)
August 04, 2014, 05:43:42 AM
Is this coin another pump-and-dud, or are there serious dev plans for it?
August 04, 2014, 04:09:49 AM
Dev I have few questions for you, if its possible for you to answer 
How does this FIAT to britcoin works, how is exchange rate set and what if someone wants to sell? and how will the exchange rate be set in case of selling?
Thanks
How does this FIAT to britcoin works, how is exchange rate set and what if someone wants to sell? and how will the exchange rate be set in case of selling?
Thanks
For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.
https://i.imgur.com/VpkD7P0.png
We're hoping to launch it for public use Friday if not early weekend.
https://i.imgur.com/VpkD7P0.png
We're hoping to launch it for public use Friday if not early weekend.
The 'exchange' is going to be a bank-to-bank transfer?
Who is on the other side of the trade sending the Britcoin to the buyer?
EDIT: Or is this bank transfer into the exchange platform?
Good question.
At first it will be bank-to-bank with me personally running it. Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.
Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC. This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall. Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.
Hope this helps. Let me know if you have any other questions.
Yeah it helped. Thanks.
August 03, 2014, 09:27:06 PM
Damn, 1K came and went fast. Was hoping to drop a little off to break even then ride the wave of the future on free money.
Ah well. Have some sells in the 900-1000 and we'll see if we stick around here or move up or down.
You all can thank me for the move up. Was playing with a 20K block and bought at 180, sold at 300ish and was going to day trade it while the price moved up and down. Of course I sold at 300 and now it's 7-800.
You're welcome!
Ah well. Have some sells in the 900-1000 and we'll see if we stick around here or move up or down.
You all can thank me for the move up. Was playing with a 20K block and bought at 180, sold at 300ish and was going to day trade it while the price moved up and down. Of course I sold at 300 and now it's 7-800.
You're welcome!
Need to warn us next time, I would have loaded up more before you did this
An alternative theory was that I was lucky enough to see Sir Paul McCartney last night and his Brit presence caused a nice run up for me. Hell of a show. Serious bucket list item crossed off (but I want to see him again!)
August 03, 2014, 09:08:37 PM
Damn, 1K came and went fast. Was hoping to drop a little off to break even then ride the wave of the future on free money.
Ah well. Have some sells in the 900-1000 and we'll see if we stick around here or move up or down.
You all can thank me for the move up. Was playing with a 20K block and bought at 180, sold at 300ish and was going to day trade it while the price moved up and down. Of course I sold at 300 and now it's 7-800.
You're welcome!
Ah well. Have some sells in the 900-1000 and we'll see if we stick around here or move up or down.
You all can thank me for the move up. Was playing with a 20K block and bought at 180, sold at 300ish and was going to day trade it while the price moved up and down. Of course I sold at 300 and now it's 7-800.
You're welcome!
Need to warn us next time, I would have loaded up more before you did this
August 03, 2014, 08:28:24 PM
Damn, 1K came and went fast. Was hoping to drop a little off to break even then ride the wave of the future on free money.
Ah well. Have some sells in the 900-1000 and we'll see if we stick around here or move up or down.
You all can thank me for the move up. Was playing with a 20K block and bought at 180, sold at 300ish and was going to day trade it while the price moved up and down. Of course I sold at 300 and now it's 7-800.
You're welcome!
Ah well. Have some sells in the 900-1000 and we'll see if we stick around here or move up or down.
You all can thank me for the move up. Was playing with a 20K block and bought at 180, sold at 300ish and was going to day trade it while the price moved up and down. Of course I sold at 300 and now it's 7-800.
You're welcome!
August 03, 2014, 06:48:56 PM
Dev I have few questions for you, if its possible for you to answer
How does this FIAT to britcoin works, how is exchange rate set and what if someone wants to sell? and how will the exchange rate be set in case of selling?
Thanks
How does this FIAT to britcoin works, how is exchange rate set and what if someone wants to sell? and how will the exchange rate be set in case of selling?
Thanks
For those who didn't see on our Twitter here's a sneak preview of our upcoming Fiat > BritCoin exchange platform.
https://i.imgur.com/VpkD7P0.png
We're hoping to launch it for public use Friday if not early weekend.
https://i.imgur.com/VpkD7P0.png
We're hoping to launch it for public use Friday if not early weekend.
The 'exchange' is going to be a bank-to-bank transfer?
Who is on the other side of the trade sending the Britcoin to the buyer?
EDIT: Or is this bank transfer into the exchange platform?
Good question.
At first it will be bank-to-bank with me personally running it. Once the system is tested in a live environment I will be looking at implementing a system where users can apply to become sellers, giving the end user a competitive price and better service.
Once the platform is launched, the price of the Brits in GBP will be calculated based on how much it will cost me to buy the same amount of Brits sold on the Bittrex buy wall in BTC. This will (hopefully) help give us a steady price increase because I will be buying at the ask price and eating up the sell wall. Please keep in mind that I am selling my own personal coins that I have mined and bought myself. I really don't want to sell my Brits at the current price so I have to ensure that the amount that is charged is enough to cover the cost of rebuying the same amount of coins on Bittrex.
Hope this helps. Let me know if you have any other questions.
August 03, 2014, 04:11:50 PM
Dev I have few questions for you, if its possible for you to answer
How does this FIAT to britcoin works, how is exchange rate set and what if someone wants to sell? and how will the exchange rate be set in case of selling?
Thanks
How does this FIAT to britcoin works, how is exchange rate set and what if someone wants to sell? and how will the exchange rate be set in case of selling?
Thanks
August 03, 2014, 03:56:47 PM
Guys the most important thing is to get the word out about Britcoin. Unlike 99% of coins this is here to stay. As part of the community we all need to help.
Spread the word on any social media you use. If you have particular skills use them to help. Tell your family and friends about it. Make youtube videos, pins for Pinterest, Tweet, retweet, share on Facebook - any and all ways you spread the word helps to make Britcoin stronger.
There have been a lot of scams lately.
Show people that there is a decent and honest coin which is here for the long term.
The more we can grow the community the stronger Britcoin will be.
Spread the word on any social media you use. If you have particular skills use them to help. Tell your family and friends about it. Make youtube videos, pins for Pinterest, Tweet, retweet, share on Facebook - any and all ways you spread the word helps to make Britcoin stronger.
There have been a lot of scams lately.
Show people that there is a decent and honest coin which is here for the long term.
The more we can grow the community the stronger Britcoin will be.
August 03, 2014, 03:25:49 PM
Omg!!!! 1000 sat
what do you mean omg? this is just the start 
Just the start guys, Finally a real coin
Thank you all the community and particular William great work since the begining !Thanks guys!
Remember we still have a lot of exciting features and plans coming soon. We're still in the very early days in the big picture. Yeah so dont sell at stupid 1000 sat !
August 03, 2014, 03:19:07 PM
Omg!!!! 1000 sat
what do you mean omg? this is just the start Just the start guys, Finally a real coin
Thank you all the community and particular William great work since the begining !Thanks guys!
Remember we still have a lot of exciting features and plans coming soon. We're still in the very early days in the big picture. August 03, 2014, 03:00:21 PM
August 03, 2014, 02:58:10 PM
Omg!!!! 1000 sat
what do you mean omg? this is just the start Just the start guys, Finally a real coin
Thank you all the community and particular William great work since the begining ! 
August 03, 2014, 02:56:12 PM
Omg!!!! 1000 sat
what do you mean omg? this is just the start 
August 03, 2014, 02:52:42 PM
Omg!!!! 1000 sat
August 03, 2014, 02:52:10 PM
Already started following you and re-tweeted the article.
Good lad!
Who just bought a crap ton of BRIT?
dis guy
August 03, 2014, 02:30:00 PM
Already started following you and re-tweeted the article.
Good lad!
August 03, 2014, 02:23:30 PM
Already started following you and re-tweeted the article.
August 03, 2014, 02:15:45 PM
Great stuff guys and welcome
August 03, 2014, 02:10:47 PM
Are there any plans for anonymity and other features in the wallet on technical level?
Yes.
Great. Thanks
We'll be outlining our future dev plans with regards to coin features in our August, which will be published sometime next week.
Thank you for info, will keep an eye on that. Already bought some coins today
hfGreat to have you guys onboard!
Remember to give BritCoin a mention on Twitter if you're on there.
August 03, 2014, 01:57:04 PM
Are there any plans for anonymity and other features in the wallet on technical level?
Yes.
Great. Thanks
We'll be outlining our future dev plans with regards to coin features in our August, which will be published sometime next week.
Thank you for info, will keep an eye on that. Already bought some coins today
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