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Topic: [Funding closed, project proceeding as planned] - page 2. (Read 6922 times)

full member
Activity: 240
Merit: 101
You have an agreement with a UK bank.  Which you're not at liberty to discuss.
And an agreement with CryptoFinancial.  Which you're also not at liberty to discuss.
CryptoFinancial is also not at liberty to discuss their banking arrangements.  Which begs the question:

...
-Tell us your age, your previous experience in managing multinational currency exchanges, how you plan to spend your summer vocation, and when you hope to finish secondary school.
...
I can discuss our agreement with crypto financial, it is simply information I have which is not publicly available that I am not willing to share.

No, I am not in secondary school although yes I am young. Feel free to hold that against me if you wish, although I doubt that would sway your opinion.

As for previous experience with multi national currency exchanges, none. Then again I cannot thing of a single CEO of a bitcoin exchange that does.

I don't feel like this statement helps your case. You admit that you have no experience running an exchange. I appreciate the honesty, but the fact remains that you are not experienced. You can't expect *reasonable* investors to think that their BTC would be safer in this venture than it would be if it were just sitting in a wallet appreciating in value.

Secondly, those other CEOs without experience lost a lot of investor and/or users' money (whether through outright scamming or just plain negligence). The ones still standing are probably on borrowed time. Pointing to them and saying, 'See? I'm the average' is silly IMO.
sr. member
Activity: 322
Merit: 250
Its possible, not going to say yes or no, either way.
sr. member
Activity: 316
Merit: 250
Simcoin Puny Humans Communicator
Quote from your website.

"Regardless, we plan to offer the following cryptos for trade on the exchange in fiat/crypto and btc/crypto pairs. More may be added, and some may be taken away.

BTC/LTC/DOGE/MMC/DRK/PTS"

I truly believe as a dunnecap investor and NXT holder that if you can have fiat/NXT in your exchange it will give you a unique edge. BTC-E will not likely have a NXT/fiat anytime soon and that would be a mistake you could take advantage of. All altclones including litecoin are dying and will be dead end of year. Being one of the first exchanges to have
nxt/fiat will make you the go to for nxt trading volume. Btc #1 and Nxt #2 will be so for a long time and Mimex can benefit by it.
sr. member
Activity: 462
Merit: 250
Lux e tenebris
Such young. wow . many wisdom
full member
Activity: 224
Merit: 100
For the love of good just let Mpex die quietly into the night like it wants.
legendary
Activity: 1036
Merit: 1000
Yes we agree and encourage people to give Counterparty a second-look.

No, we do not agree. We encourage people to give Mpex a second look.

Mpex? Really? There is almost nothing on there except Mpex own shares. Havelock is very good, so is litecoininvest


And I like the concept of counterparty, but currently would not go with it. Volume isn't good enough rightnow
sr. member
Activity: 462
Merit: 250
Lux e tenebris
Yes we agree and encourage people to give Counterparty a second-look.

No, we do not agree. We encourage people to give Mpex a second look.
jr. member
Activity: 30
Merit: 4
Looks good to me. Would likely buy a few shares if you were on havelock, not going to be using counterparty till it gets touched up a bit more.

Cant wait to see what the finished product looks like  Grin

The biggest selling points of this IPO is that it's on Counterparty. IMO the Counterwallet interface might have a few bugs but Counterparty at the protocol level has had a really sound, scholastic approach.
legendary
Activity: 1036
Merit: 1000
Why are more funds needing to be raised than, if your expenses are already covered (for the most part)?
More money needs to be spent on
Multi-tiered security audit
Colocation
Legal fees
Crowdcurity campaign.
To expand on this, the costs listed were the ones we are already committed to.

Looks good to me. Would likely buy a few shares if you were on havelock, not going to be using counterparty till it gets touched up a bit more.

Cant wait to see what the finished product looks like  Grin
sr. member
Activity: 322
Merit: 250
Why are more funds needing to be raised than, if your expenses are already covered (for the most part)?
More money needs to be spent on
Multi-tiered security audit
Colocation
Legal fees
Crowdcurity campaign.
To expand on this, the costs listed were the ones we are already committed to.
legendary
Activity: 1036
Merit: 1000
Why are more funds needing to be raised than, if your expenses are already covered (for the most part)?
full member
Activity: 224
Merit: 100
What have those funds been used for thus far, a audit of assets and liabilities is always a nice thing to look at for investors.
sr. member
Activity: 322
Merit: 250
angel.co states 20k of Previous funding.
Partially accurate, in reality its 12k of funding. Own capital.

Thank you for the point, I have updated it.
full member
Activity: 224
Merit: 100
angel.co states 20k of Previous funding.
sr. member
Activity: 322
Merit: 250
MrWDunne, though it pains me to say this, you are approximately as likely to start your McExchange as my cat (who is a frickin' talented animal, make no mistake.  Should see him with a new cardboard box...)

How many sharez have you sold thus far?

Enough to get us to beta, not a large amount but enough.

You may look it up if you so wish, all of the information is available on the Counterparty blockscanner.

sr. member
Activity: 378
Merit: 254
MrWDunne, though it pains me to say this, you are approximately as likely to start your McExchange as my cat (who is a frickin' talented animal, make no mistake.  Should see him with a new cardboard box...)

How many sharez have you sold thus far?
sr. member
Activity: 322
Merit: 250
Lol, I'm not holding your age against you any more than i hold being a cat against my cat .  But giving a kid with no qualifications money to start an exchange is as absurd as giving it to my cat, as clever as he is.

Go out, have fun, get laid, get wasted--best years of your life!

While I appreciate the sentiment I do not wish to waste the opportunity I have before me, not to mention that the service we shall be providing to the UK is sorely needed.
sr. member
Activity: 378
Merit: 254
Lol, I'm not holding your age against you any more than i hold being a cat against my cat.  But giving a kid with no qualifications money to start an exchange is as absurd as giving it to my cat, as clever as he is.

Go out, have fun, get laid, get wasted--best years of your life!



*how many of these "shares" have you sold, anyhow?  
sr. member
Activity: 322
Merit: 250
You have an agreement with a UK bank.  Which you're not at liberty to discuss.
And an agreement with CryptoFinancial.  Which you're also not at liberty to discuss.
CryptoFinancial is also not at liberty to discuss their banking arrangements.  Which begs the question:

...
-Tell us your age, your previous experience in managing multinational currency exchanges, how you plan to spend your summer vocation, and when you hope to finish secondary school.
...
I can discuss our agreement with crypto financial, it is simply information I have which is not publicly available that I am not willing to share.

No, I am not in secondary school although yes I am young. Feel free to hold that against me if you wish, although I doubt that would sway your opinion.

As for previous experience with multi national currency exchanges, none. Then again I cannot thing of a single CEO of a bitcoin exchange that does.
sr. member
Activity: 378
Merit: 254
You have an agreement with a UK bank.  Which you're not at liberty to discuss.
And an agreement with CryptoFinancial.  Which you're also not at liberty to discuss.
CryptoFinancial is also not at liberty to discuss their banking arrangements.  Which begs the question:

...
-Tell us your age, your previous experience in managing multinational currency exchanges, how you plan to spend your summer vocation, and when you hope to finish secondary school.
...
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