Topic: Deleted - page 3. (Read 16663 times)

We have a working demo, bank accounts and hardware.

We don't need a license in the UK, although we will be getting one. That costs £50. Yes, a whole £50.

For US and Canadian customers we are hoping to work with Crypto Financial, they do have the licenses.

We have a working demo, bank accounts and hardware.

We don't need a license in the UK, although we will be getting one. That costs £50. Yes, a whole £50.

For US and Canadian customers we are hoping to work with Crypto Financial, they do have the licenses.

You value a company over $500k with no record, no sales and not yet fully functional exchange?

Do you have a working demo that you can show to potential investors?


To accept fiat deposit and withdraw, you will need a money transmitter license. Do you plan to acquire the license? And how much does it cost to acquire such license in UK?

I only spent a couple of minutes looking at the code here..  I don't know much about PHP or db_update function, so I could be wrong, but this seems a bit suspect to me.

Can you verify whether this is accepting a POST request from a user and then directly including the user input in a database update with the only validation performed being a check for whether or not it begins with a number?

https://github.com/wlox/wlox-api/blob/master/htdocs/api.php#L9

https://github.com/wlox/wlox-api/blob/master/htdocs/api.php#L28

This seems dangerous, like a potential SQL injection.

While open source software is great for large projects that get lots of eyeballs on them, utilizing a smaller project like this exposes you to a lot of risk.  There are what, 2-3 contributors to safeguard how many users in your target market?  Once there is any amount of financial incentive behind inspecting the code base, such as this code going live somewhere, malicious users will spend countless hours peering through the code for the most miniscule errors that could lead to a compromise.  They'll setup testing environments locally so that their actions aren't detectable until the deed is done.

You should really investigate how the project is managed a bit more, as well.  There appears to be no testing methodology in place..  zero code coverage.   The repository is setup with only the single master branch, which means that any work on new features or changes aren't separated out until they can be confirmed as valid/secure/non-breaking before getting merged...

Just be careful here.. You're working with people's money.

all these tlds..

must be a dns propagation thing. thought it was a typo

Ooh that's great. And your own site?

http://Mimex.uk secured.

2FA?

Thanks for the update. That is great news.

We have all of the needed funds to finish development of the platform. We will be needing more in the not too distant future but that will be for security/colocation.

Once the platform is ~90% complete we'll go through the next push for funding.

There's plenty of ways to purchase bitcoins in the UK without LBC. I can think of at least three where you can buy them for bank transfer instantly.

Admittedly it's all one way and there is no true "exchange"

but to keep repeating that there is no way to buy them in the UK is just a lie to promote your own business.

https://bitbargain.co.uk/

https://quickbitcoin.co.uk/

https://speedybitcoin.co.uk/

https://bittylicious.com/