Topic: crypto.pm | an upcoming cryptocurrency exchange - page 2. (Read 12720 times)

OK, I won't drag the thread off-topic with this any more, except to help satisfy Lemon's detractors by saying that:

• Lemon has my shipping address
• I can only accept the device shipped (not in person)
• being given a tracking number with reasonable notice would greatly help to ensure I'm available to receive the package
• I'm obviously happy to reimburse him for shipping costs upon receipt of a device broadly matching the description (it's a freebie after all!)
• for the benefit of readers of this thread I promise to post briefly both here and over on the nuPlay forum as soon as something is in my hands (or, in the case that things go wrong at nuPlay, as soon as it transpires that I won't ever be receiving one)

Now you've got me slightly confused.  For the record, is [email protected] read by you, the MD, or both?  (To make things clear for readers: I e-mailed Lemon 'To' [email protected] as published on his OTC GPG key and 'CC' [email protected] which he gave out publicly on IRC as the contact e-mail for begging for nuPlay prototypes as freebies.)

That would be a5m0, as well as yourself. So, two actually.


This is indeed correct. I moved on Saturday (to a lovely place in Bath) and am still not done with the unpacking. I have far too many courier deliveries tomorrow (as well as a BT engineer and somebody to replace a window); beyond that, a family member showed up today (with their son in tow) and I ended up having to play tour guide. For the record, I don't know Bath very well. Checking IRC completely slipped my mind, and only the ( [email protected] ) address goes to my new phone (I've only just upgraded). When I got home, I checked my email - saw one from you sent at around 1130'ish, and immediately responded. I can only apologize for not checking sooner, but with the move, the visit - and the lovely weather, it completely evaded my mind to be honest.

I'd still like to meet at some point, I can either come to you - or vice versa. As per above, you have my schedule for the next week... it's a it hectic.

Again, I do apologize for not responding sooner!

It might help to say which OTC moderator.


For the record, we did not meet today (Monday).  Lemon indicated on Sunday night that he wasn't sure he could make it, but that he would let me know as early as possible on Monday.  alaricsp and I were planning to meet anyway as we had an outstanding GPG keysigning geek-date, and Bath is lovely in the sunshine, especially with ice cream I hadn't heard from Lemon by 11:30 Monday and he wasn't on IRC so I e-mailed him letting him know how to contact me to find us in Bath.

I next heard from Lemon at 20:30 Monday by e-mail, by which point alaricsp and I had both left Bath; he explained why he couldn't meet during Monday day and offered other times when he'd likely next be available to meet (right then --- Monday evening --- or towards the end of the week).  I won't be taking him up on those offers.

On my phone so will only post briefly for the moment. I will take what you have said under consideration and decide what to do next. Please understand though, neither I; nor many businesses - would seek to do this in a public forum. My educational and training history is something I consider to be irrelevant. In terms of past (and active) projects and employers? That is something I'd be happy to post on the site. Business relationships though? I would not expect any business to say we are doing business with x and y whilst things are on going.  Once we have assured long term partnerships? Sure.

I am very disenfranchised with the legal system in the UK, this is something I have tried to make clear.

We were intending to build trust over time due to our lengthy launch time frame. The escrow service itself is designed for small amounts and is something put together to build trust. It is where we decided to start.

Most new businesses fail, if anything - bitcoin has a higher success rate based on those figures.


This is not in regards to KYC or AML. General enquiries, liability checks, etc is what it is referring to. Apologies for any confusion.

For avoidance of doubt, questions posed and opinions expressed here and in my past and any future posts on this thread are my own, and do not necessarily represent those of any other person or group of people.  I certainly do not claim to represent any of the ops on any of the Bitcoin IRC channels on Freenode except myself.


Personally, I do not find the answers given thus far to form a satisfactory answer to the questions posed.

If you choose not to provide further elaboration here, so be it, but I will not be using e-mail for this enquiry; I respectfully decline your invitation to take the questions to a medium in which the content, and the absence of a reply by either party, couldn't be independently verified by others.  Since you've invited me on IRC to "post a summary of the conversations" anyway if one were to be held by e-mail, I don't understand your reluctance to address it here.  It'd only take one post to answer the questions to a level that would satisfy anyone interested, presently or in future.  You could even edit the one you already made to save on post-noise.

Observation: There's a good reason people often qualify what they say with "I Am Not a Lawyer" on the Internet, and it's not hard to see why someone would be reluctant to be seen as one even if they were paralegals or did any other legal work.  You don't seem to share that reluctance, in my opinion.  People who are qualified are usually, understandably, quite proud and open about the fact that they are qualified, and how they came to be qualified.  I'm neither inferring nor implying that you're therefore not qualified; merely observing that your reaction to this line of enquiry seems uncharacteristic of those qualified people I've known.

To stray a little from the specifics of the question, so that it's clear why I ask at all, and why I ask here: reputation in the Bitcoin world has historically been earned and justified in the open[1].  Some who might work with you, invest in you or entrust money to your escrow service or completed exchange might require more reputation than you have yet earned in the ~18 days you've been here (as of this posting).  Therefore it might be to your (business's) benefit to provide more evidence of what reputation you've earned prior to your Bitcoin involvement, or under what other names you've participated in the Bitcoin community previously if you have.  As I'm sure you'll point out, those who might work with you/entrust money to you are free to take you or leave you, but you might encourage more to take you by making at least some of your previous successful accomplishments, qualifications, business relationships, and your identity, more open.  You're doubtless aware that you're entering a market in which ~45% of entrants have so far failed[2], and therefore of how important this stuff is to your potential customers.


It's true that this thread is posted under "Project Development", but you seem happy to "derail" it yourself to reply to other non-development questions, including:

• to say you're "working with a legal firm" on KYC/AML compliance (yet confusingly you also say that "Having a lawyer on the team has allowed us to avoid those pesky legal fees")
• what currencies and deposits you're going to be working with, and with what banks
• where your servers are located
• your fees/business model for generating profit/financial projections
• your sources of funding
• choice of domain names/branding
• interactions with regulatory bodies
• shares remaining for potential investors

[1] I'm not claiming to have any substantial reputation in the community myself in the mere ~69 days I've been interested in Bitcoin, but then I'm also not asking anyone in that community to trust me with their money, save for isolated individual counterparties in the minimal number of OTC and escrowed BitBargain trades I've participated in.

[2] I've not checked whether that paper includes Bitfloor, Bitcoin-24 and Bitcoin Central, none of which are currently executing trades, so the 45% figure may be out of date already.

A number of those questions remain unaddressed in your reply, but as you've pointed out they're largely a matter for your potential investors, depositors and escrow users to investigate as part of their own due diligence so I won't push you on them.  There's one exception; specifically, I'd be interested to see an answer to:


I'd like to break it down a little.  It's all really part of the same question, but I'd like to be sure specific parts are asked:

• Are you currently a UK solicitor?
• If not, were you in the past, and at what time?
• Either way, what exact qualification do you hold, from what institution in what country?
• More generally: have you stated that you are a lawyer (as in, used the word "lawyer" to describe yourself, as opposed to "solicitor")?
• If so, what qualification do you hold that you believe merits the title "laywer"?
• If not, why?

I'm making no assertions or claims about you here, and I'm certainly not asserting or claiming that you're not a lawyer or not a solicitor; I'm just asking questions.  In the UK, for the protection of consumers, "solicitor" is a protected title.  Anyone using that term first needs to be granted a Practising Certificate; to make that claim or use that title in the UK without such a certificate is a criminal offence in its own right.  Such certificates are a matter of public record for the protection of consumers.  There is one exception: from the page linked above: "the only genuine ones not on there are those who have requested their removal from the database".  Please be clear about whether this applies to you, and if so we can cross that bridge next.

In the UK at least, this is not a question on which people are allowed to be cagey or unclear.  I'm not implying any right on my part to obtain an answer to this on an Internet forum; just saying that the entire UK can be partitioned into two non-overlapping sets: those who legally have to say they're not a solicitor when asked, and those who legally have to say they are when asked, for whom it's easily verified with public records.

On another note, I'm about to push the latest version to the testing platform - which includes advanced sell orders and a more in-depth transactional history!

We've sent out quite a few invites to date, and if you've requested one (but have yet to receive) - you should get an email within the next day or so :-).

To clarify in case there is some confusion. I am not the managing director or business owner (as can be found listed on public records). I am the platform architect, and I guess - the face of the community (for now).

I do not have the authority to disclose any potentially sensitive information (and have provided the direct address of the MD to the above poster). In regards to a completely different business that I am involved with (and have an ownership stake in), there's honestly not a chance in hell that I can disclose customer information.

I can potentially request from a few of the customers I know closely that they confirm, but please email in order to chase that up. They are entirely separate businesses.

Edit: A device is being shipped to an OTC moderator.

Edit 2: I'm also meeting one of the OTC moderators for lunch on Monday, and will be happy to further discuss this with him.

You are welcome to contact nuPlay in regards to nuPlay hardware. Cryptography LTD is not linked to it in any way, shape or form.

You are also welcome to contact the managing director of Cryptography LTD (who is not me) via [email protected] for evidence, identification or clarification on any point.

Edit: To clarify on the first point, releasing customer information is something that cannot be done indiscretionately. To clarify on the final point, the disclosure of ongoing business talks is not something I can imagine any business disclosing in full. The managing director can decide whether or not what they wish to disclose.

Please list your previous companies.  Please provide details of one customer, veritably a separate person, who has received NuPlay hardware and is prepared to say so.  Please provide pictures of the unit.  Please provide some evidence of your experience in financial software.  Please state your exact qualification in law, the certifying body, and where we can find a certificate. Please provide evidence that "we" is anyone but just you, sitting alone in your flat in your underwear. Please provide any evidence whatsoever of the "high level talks" or high level contacts you've claimed to have in UK banking, businesses and regulatory organisations.

Address has been rotated three times due to investor request. At this stage, no shares are remaining - nor will they be, if the 80 currently on hold are completed.

From your investment page:
However, 1DidPinfrZqKHqbfCz4yjy32NYey7jMaxo shows only two 10 BTC incoming transactions.

The development and testing platform is in Ireland.

Where are the servers located?

The fee is fair, 0,18 is less than the 0,2% BTC-e is taking. I'm not talk about gox because it's a robbery...

This is currently being looked in to :-).

Hope other virtual currencies, such as litecoin, or Liberty Reserve, are also supported.

Since you can hardly support RMB, besides HK$, LR is an alternative to support Chinese buyers, since they're using LR to buy gold.

It actually is! We've been talking actively with HSBC in regards to this, it's a market that we can't ignore.

is HongKong dollar on the schedule?