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Topic: Building a LocalBitcoins alternative - You can invest and earn dividend - page 2. (Read 4373 times)

sr. member
Activity: 861
Merit: 423
I am formally going to announce my non-interest in this project. There is going to be no trolling, provoing or insulting comments and as such no need to delete this message.

But here is some constructive and professional critisisms:
Using a website is centralising. If all users have to go to one location to trade it is not peer-to-peer. It is purely a localbitcoins.com clone, nothing more nothing less.  Trying to make it sound like an exclusive club requiring membership fee's is just a sales pitch to glamourise a clone of localbitcoins.

I understand moderating this topic to remove threats, but this message although it opposes the OP's opinion, does not contain anything worthy of deleting. so i should hope to see the OP accepts the constructive critisisms, and not delete this message.

May you find a better business plan in the future that has actual community need.

First of all, I am never against constructive criticism and I dont see any reason to remove your post. Thread has been moderated to keep away troll and spam.

Yes, the exchange concept has much to do with localbitcoins. But that is not the only thing www.100bit.co.in is going to offer. As I said in my opening post...

Quote
To start off, members can exchange Bitcoin against FIAT with other members.

Other services will gradually be added to the club members.
sr. member
Activity: 300
Merit: 253
Ok Check!
One question...why would someone pay fee for joining the platform?What is the value preposition of the platform?
newbie
Activity: 58
Merit: 0
I am formally going to announce my non-interest in this project. There is going to be no trolling, provoing or insulting comments and as such no need to delete this message.

But here is some constructive and professional critisisms:
Using a website is centralising. If all users have to go to one location to trade it is not peer-to-peer. It is purely a localbitcoins.com clone, nothing more nothing less.  Trying to make it sound like an exclusive club requiring membership fee's is just a sales pitch to glamourise a clone of localbitcoins.

I understand moderating this topic to remove threats, but this message although it opposes the OP's opinion, does not contain anything worthy of deleting. so i should hope to see the OP accepts the constructive critisisms, and not delete this message.

May you find a better business plan in the future that has actual community need.
sr. member
Activity: 861
Merit: 423

So you're planning this with your team already and you need community feedbacks, no need for partnerships or investments?

Yes I need community feedback because I believe it is always good to count what the end user wants. Though I have connection with multiple local bitcoin groups and they are supporting this project, the participation of BitcoinTalk members would take project towards grand success.

No, I dont need investment at this stage. My previous experience for non-bitcoin projects with early stage investors are not so good. Though they ultimately invested and now sitting on their profit, they initially quizzed me like I have a plan to rob them !!! Investors also hinders to take action for project betterment that does not give them $$$. Moreover, finding bitcoin investors is quite a difficult task for me with no running book to show. So I prefer this project to run bootstrapped and once it starts making money coins, I'll open the door for investors.
hero member
Activity: 518
Merit: 500
I am planning to develop an online Bitcoin Club where members may join against a nominal fee in bitcoin...

To start off, members can exchange Bitcoin against FIAT with other members. The flow of Bitcoin will be automated through the club website, whereas flow of FIAT will be manual between user to user bank transfer. Only when the seller acknowledges the FIAT receival, buyer will be given the Bitcoin.

As an alternative for marketing expenditure, I am planning to give referral commission to club members.

Do you think an idea like this may take off ? Any suggestion is highly appreciated...
Yes and No! What's your background and you think you can build and scale something like this with BTC or LTC?

I have an engineering background with experience in building scalable robust applications for multiple international clients. But, I think anyone can claim it over here. So I am building the proposed application with my team and will let the decision to be made by the bitcoiners.

If u r serious about your biz and want your customers to take u seriously, u should consider buying the domain name BitcoinClub.com
The owner is James and he wants only 3BTC for the name.
You should also purchase Bitcoin.Club from Godaddy.

Let's see how serious u r...it's your move!

Good Luck!!!


Thank you for your interest. Unfortunately I have already got my preferred domain to build this project upon...  Smiley

So you're planning this with your team already and you need community feedbacks, no need for partnerships or investments?
sr. member
Activity: 861
Merit: 423
I am planning to develop an online Bitcoin Club where members may join against a nominal fee in bitcoin...

To start off, members can exchange Bitcoin against FIAT with other members. The flow of Bitcoin will be automated through the club website, whereas flow of FIAT will be manual between user to user bank transfer. Only when the seller acknowledges the FIAT receival, buyer will be given the Bitcoin.

As an alternative for marketing expenditure, I am planning to give referral commission to club members.

Do you think an idea like this may take off ? Any suggestion is highly appreciated...
Yes and No! What's your background and you think you can build and scale something like this with BTC or LTC?

I have an engineering background with experience in building scalable robust applications for multiple international clients. But, I think anyone can claim it over here. So I am building the proposed application with my team and will let the decision to be made by the bitcoiners.

If u r serious about your biz and want your customers to take u seriously, u should consider buying the domain name BitcoinClub.com
The owner is James and he wants only 3BTC for the name.
You should also purchase Bitcoin.Club from Godaddy.

Let's see how serious u r...it's your move!

Good Luck!!!


Thank you for your interest. Unfortunately I have already got my preferred domain to build this project upon...  Smiley
newbie
Activity: 55
Merit: 0
If u r serious about your biz and want your customers to take u seriously, u should consider buying the domain name BitcoinClub.com
The owner is James and he wants only 3BTC for the name.
You should also purchase Bitcoin.Club from Godaddy.

Let's see how serious u r...it's your move!

Good Luck!!!
hero member
Activity: 518
Merit: 500
I am planning to develop an online Bitcoin Club where members may join against a nominal fee in bitcoin...

To start off, members can exchange Bitcoin against FIAT with other members. The flow of Bitcoin will be automated through the club website, whereas flow of FIAT will be manual between user to user bank transfer. Only when the seller acknowledges the FIAT receival, buyer will be given the Bitcoin.

As an alternative for marketing expenditure, I am planning to give referral commission to club members.

Do you think an idea like this may take off ? Any suggestion is highly appreciated...
Yes and No! What's your background and you think you can build and scale something like this with BTC or LTC?
sr. member
Activity: 861
Merit: 423

We announced the inception of this project in March 22, 2014 and building this project for more than a year now. In the process of development we came back to the community time & again and changed the functionalities of the site as per community demand. We also went through a public testing to makes sure that the security holes are plugged. At this moment, our platform is mostly ready and few trades are taking place against various currencies. Following are the key features of 100bit.co.in...

1. Does not require bitcoin to stay deposited in the site. User deposits at the time of trading.

2. Bitcoin can be traded against both FIAT & Alt coins.

3. Trading cost 0.1% of the trade amount.


Now, standing before the next big leap, we need marketing, further development and introduction of new features, which requires capital. Being a 100% bitcoin project, we prefer to avoid FIAT investment. Rather, we thought about to accept people's investment in bitcoin, use blockchain to provide a transparent accounting and giving out dividend instantaneously on each trade. A similar model that was introduced by Just-Dice.

This whole investment idea is still at conceptualization level and we'd first like to hear community opinion about it. So, please feel free to tell us your opinion about it...

Note: The above write up is last updated on June 10, 2015.
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