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Topic: Flexcoin is for sale (Read 4040 times)

legendary
Activity: 873
Merit: 1000
sr. member
Activity: 349
Merit: 250
BTCPak.com - Exchange your Bitcoins for MP!
March 13, 2012, 02:19:04 PM
#21
Can you estimate the quantity of Bitcoins you currently have under deposit?

What were your earnings the last couple of months?
hero member
Activity: 588
Merit: 500
Coinabul - Gold Unbarred
March 12, 2012, 03:07:22 PM
#20
I understand,  but I do plan on selling it...  it doesn't fit into our core business model.    I have received 3 offers so far,  one for source code only and 2 others for complete sales.

The source code sales are so people can build their own bitcoin bank from scratch without having to build it from scratch.   Of course the complete sale would be to continue ongoing operations as it includes the clients, with all the responsibility of taking care of their existing accounts.

I'll be making a decision in the next day or two.

If reputation or other issues are what the problem is,  then someone that has a long standing membership with the forum or community should purchase it...  I put the starting price low like this on purpose so it widens the number of people that can put out offers.  

What I am looking for is someone that can technically run it (understands bitcoin, php / mysql)  and is motivated to keep it growing and make something of it..   what I can't do is judge a buyers character....   you know as well as I do that it's impossible unless it's blatantly clear it's someone with a bad motivation ...  in this case allten appears to have good intentions and I would have no problem selling to him based on what I have seen so far.   He's asking the right questions and not just saying "send me root access"  he's asking how much time is it to calculate payments, etc etc..  meaning his questions reflect someone that intends to keep it running.

Same goes with the other offers for the source code.. all appear to be 100% legitimate.

If you are interested,  please put out an offer now.

My Offer still stands and I'm motivated.
"You can't sell trust" - How true that is. No way around it.
Would you continue the service for a time and allow all clients to decide if they want to trust the new owner or not?
That would also give me time to post about myself and what my plans are...assuming I'm the buyer.

My initial plans are to leave everything the same and simply work on security.
I want it to become one of the safest, securest, most trustworthy places on the NET where users can store bitcoins.
Once that is in place we'll see where we go from there.... I've got big dreams.



Allten, why not partner with another person who already has the trust of the community?
sr. member
Activity: 455
Merit: 250
You Don't Bitcoin 'till You Mint Coin
March 12, 2012, 03:05:29 PM
#19
I understand,  but I do plan on selling it...  it doesn't fit into our core business model.    I have received 3 offers so far,  one for source code only and 2 others for complete sales.

The source code sales are so people can build their own bitcoin bank from scratch without having to build it from scratch.   Of course the complete sale would be to continue ongoing operations as it includes the clients, with all the responsibility of taking care of their existing accounts.

I'll be making a decision in the next day or two.

If reputation or other issues are what the problem is,  then someone that has a long standing membership with the forum or community should purchase it...  I put the starting price low like this on purpose so it widens the number of people that can put out offers.  

What I am looking for is someone that can technically run it (understands bitcoin, php / mysql)  and is motivated to keep it growing and make something of it..   what I can't do is judge a buyers character....   you know as well as I do that it's impossible unless it's blatantly clear it's someone with a bad motivation ...  in this case allten appears to have good intentions and I would have no problem selling to him based on what I have seen so far.   He's asking the right questions and not just saying "send me root access"  he's asking how much time is it to calculate payments, etc etc..  meaning his questions reflect someone that intends to keep it running.

Same goes with the other offers for the source code.. all appear to be 100% legitimate.

If you are interested,  please put out an offer now.

My Offer still stands and I'm motivated.
"You can't sell trust" - How true that is. No way around it.
Would you continue the service for a time and allow all clients to decide if they want to trust the new owner or not?
That would also give me time to post about myself and what my plans are...assuming I'm the buyer.

My initial plans are to leave everything the same and simply work on security.
I want it to become one of the safest, securest, most trustworthy places on the NET where users can store bitcoins.
Once that is in place we'll see where we go from there.... I've got big dreams.


sr. member
Activity: 308
Merit: 250
March 12, 2012, 01:30:15 PM
#18
I honestly believe 99.9999% of the people out there are good people...   
Yikes, this is not the sentiment I would want the guy running my bank to have.

"Oh, you just need to borrow all the deposits for a few hours, and you will give me a 5% return.  Well, I'm sure you are a good person..."
sr. member
Activity: 448
Merit: 251
Bitcoin
March 11, 2012, 04:50:01 PM
#17
Honestly,  I lost an SEO client due to me being distracted by flexcoin ( at least my take on it) ..  It's not helping my business at all Sad

Regarding number of clients,  about 3500. My guess is half are active.

Earnings are minimal, 30% of 1/2 of 1% (other 70% go back to account holders as payments each month) on external transfers only.
donator
Activity: 2772
Merit: 1019
March 11, 2012, 04:03:08 PM
#16
why the hurry ("make a decision in the next days")?

can you put out some numbers? like number of customers, earnings,...
sr. member
Activity: 448
Merit: 251
Bitcoin
March 11, 2012, 02:59:14 PM
#15
I would suggest that you make a transitionary period through which you maintain control of FC to be part of the conditions of sale. This would allow your customers time to thoroughly vet a buyer and to make other arrangements if they believe it necessary.

I'd also like to thank you for the contributions you've made to the community via Flexcoin. I hope you continue to be involved at a level that is more sustainable and doesn't impose on your business and personal obligations.

I will be doing that,  I am going to assist the buyer with the acquisition,  and keep everyone in the loop during that time...  people can vet the new owner.   I honestly believe 99.9999% of the people out there are good people...   I am highly confident that things will go without a hitch.



member
Activity: 88
Merit: 10
March 11, 2012, 02:20:49 PM
#14
I'm unfortunately not in a position to make an offer, with respect to both financial and time availability.

I would suggest that you make a transitionary period through which you maintain control of FC to be part of the conditions of sale. This would allow your customers time to thoroughly vet a buyer and to make other arrangements if they believe it necessary.

I'd also like to thank you for the contributions you've made to the community via Flexcoin. I hope you continue to be involved at a level that is more sustainable and doesn't impose on your business and personal obligations.
sr. member
Activity: 448
Merit: 251
Bitcoin
March 11, 2012, 12:48:47 PM
#13
I understand,  but I do plan on selling it...  it doesn't fit into our core business model.    I have received 3 offers so far,  one for source code only and 2 others for complete sales.

The source code sales are so people can build their own bitcoin bank from scratch without having to build it from scratch.   Of course the complete sale would be to continue ongoing operations as it includes the clients, with all the responsibility of taking care of their existing accounts.

I'll be making a decision in the next day or two.

If reputation or other issues are what the problem is,  then someone that has a long standing membership with the forum or community should purchase it...  I put the starting price low like this on purpose so it widens the number of people that can put out offers.  

What I am looking for is someone that can technically run it (understands bitcoin, php / mysql)  and is motivated to keep it growing and make something of it..   what I can't do is judge a buyers character....   you know as well as I do that it's impossible unless it's blatantly clear it's someone with a bad motivation ...  in this case allten appears to have good intentions and I would have no problem selling to him based on what I have seen so far.   He's asking the right questions and not just saying "send me root access"  he's asking how much time is it to calculate payments, etc etc..  meaning his questions reflect someone that intends to keep it running.

Same goes with the other offers for the source code.. all appear to be 100% legitimate.

If you are interested,  please put out an offer now.
  

  
sr. member
Activity: 331
Merit: 250
Earthling
March 11, 2012, 08:28:40 AM
#12
Understood -- can't one of you guys with an established rep put down an offer? Plus he's willing to put out verifiable info about him out there (he noted that above) which does allow for a raised trust level

I only used allten as an example. Just saying, think twice before you sell it ^^
sr. member
Activity: 448
Merit: 251
Bitcoin
March 11, 2012, 07:41:52 AM
#11
Understood -- can't one of you guys with an established rep put down an offer? Plus he's willing to put out verifiable info about him out there (he noted that above) which does allow for a raised trust level
hero member
Activity: 700
Merit: 500
March 11, 2012, 07:23:39 AM
#10
Think about it what you guys are saying?  Trash my reputation ,  my company,  the bank from
Any future deposits,  for 1500 bucks? 

The sale is legit.

It's not you they're worried about. It's the buyer.
sr. member
Activity: 448
Merit: 251
Bitcoin
March 11, 2012, 07:15:24 AM
#9
Think about it what you guys are saying?  Trash my reputation ,  my company,  the bank from
Any future deposits,  for 1500 bucks? 

The sale is legit.
legendary
Activity: 1896
Merit: 1353
March 11, 2012, 03:57:31 AM
#8
No offence to allten, but what is to keep him from purchasing FlexCoin for 1500$ only to scam all the users of their Bitcoins?
good point. you cannot sell trust, can you?
sr. member
Activity: 331
Merit: 250
Earthling
March 11, 2012, 03:56:00 AM
#7
No offence to allten, but what is to keep him from purchasing FlexCoin for 1500$ only to scam all the users of their Bitcoins?
sr. member
Activity: 448
Merit: 251
Bitcoin
March 11, 2012, 01:35:49 AM
#6
I'll go $1500. Can't say I have a solid reputation. I'm not one who likes to post that often, but I would be willing to post an entire profile

I think the people that use flexcoin would appreciate that.  Send me a quick email
sr. member
Activity: 448
Merit: 251
Bitcoin
March 11, 2012, 01:24:41 AM
#5
Need more than 1000 to shut down hosting, etc..  Sad
sr. member
Activity: 455
Merit: 250
You Don't Bitcoin 'till You Mint Coin
March 11, 2012, 01:06:20 AM
#4
I'll go $1500. Can't say I have a solid reputation. I'm not one who likes to post that often, but I would be willing to post an entire profile of myself.

And yeah.... why would you shut down?
sr. member
Activity: 331
Merit: 250
Earthling
March 11, 2012, 12:52:56 AM
#3
Why would you shut it down if you already got an offer on it?
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