Topic: Information sharing thread about SearchCoin / SearchTrade (Read 1567 times)

When I started this thread, the situation differed from today's situation.

Back then, the situation boiled down to the responsible people just being silent about their product and why I couldn't access my portfolio.

Now, what crystallizes is that they seem to have deliberately designed in a manner so centralized that they could just relaunch it, thereby flushing early adopters' portfolios.

This leads me to the conclusion that the architecture may not be viable enough for me to recommend this system to fellow keyword marketers or search engine enthusiasts.

However, I do not regard the idea as a failure, which is why I'm now working on a more decentralized architecture. Again, interested people are invited to PM me for getting involved in the early design discussions. Maybe the efforts can even be merged at some point, getting the best out of the efforts towards decentralization and robustness together with the results of the already exercised marketing efforts.

You are evidently not quite an expert in keywords 

just like you said, it's a failed idea before it could even start or it's already failed!
you should already have an answer before you even started this thread.

The goals stated look promising for sure, but I find it hard to trust considering that I still received any useful statement regarding the purpose of resetting user accounts.

It may not have been done with bad intentions, but for me, it raises viability concerns because the platform is obviously designed in a way that is centralized enough to even allow something like this to happen easily.

Considering that I may have put too high expectations into the project (at least for now, maybe it will evolve), I started to put together an architecture for a decentralized searching-related cryptocurrency. If anyone is interested in the already existing technical design considerations, please PM me for access.

chances of disappointment are pretty slim. you can only reserve 500 keywords, so it's no big deal. there are more than enough keywords / niches to cover after its launch

If you buy keywords you better trust the company, do your research and make your decisions.

Once they have been bought, that is it, and yes there is a point paying in advance if you consider that specific very common keyword is going to be used a lot, if you wait until the launch you might be disappointed about what's left to buy.

As said, it looks like a promising project, it is still in its early stages but to me it seems good enough to give it a vote of confidence.

As always the best advice is to invest what you can afford to lose in this kind of riskier than average business, and make your own decisions.

It may be very alpha, but still technically interesting (in my opinion). Still, I will only consider buying any more keywords once they manage to recover my already bought keywords. No point in buying an "asset" that lives only for a month...

following this project too. I will buy some cheap keywords after the launch, currently I don't see any reason to pay 0.4 btc for a keyword. the demo is just a very alpha, hope they come up with something better soon.

Well, I found the concept to be exciting enough to ignore these things first, hoping that the site would be professionalized as the thing grows. But luring early adopters just in order to flush their accounts at will seems unacceptable to me.

Well, I mailed them about the issue and did not receive a response on it so far.

I tried to contact them on LinkedIn today, which worked better. Now I'm told that my balance and portfolio has been flushed since it was only a demo.

In my opinion: Unbelievable! I doubt anyone would use BTC today if its developers did it in the same way and flushed the ledger every now and then.


Well, why would I buy keywords again, hoping to have them flushed again? I will consider trusting the platform again if they manage to recover my account I registered in the first place.

I said that was a starting point, of course I am not going to do the research for you, but there is plenty of resources to check. I have done my due diligence, do yours and then you can comment on it with some perspective.

I don't know what you mean by "pseudonymous subscriber" but my opinion is based on research and it is as respectable as yours.

Then for the sake of god this is a company based in India and has just started operations, who would expect them to have everything nice, tidy and professionalized just yet...

Its never the right bet to follow nice designs and marketing or judging a company by the initial state of their commercial appearance.

I find myself strangely reluctant to take any advice from someone who considers reading a puff piece on a website to be “research”.


The point stands. The disgraceful state of their web presence might be forgiveable in the case of a single individual but when it's a company seeking investors and clients for an internet-based business, it signals very poor commercial acumen.


Cheers

Graham

I encourage you to do more research before producing such statements about a company you don't know

http://cointelegraph.com/news/115205/search-your-way-to-millions-using-bitcoin-to-reinvent-the-search-engine

This would be a good starting point

I can confirm support is very fast and they do a good job with customers

Site is a demo but you can buy keywords right now up to a 500 presale limit, all of them with a price tag of 0.4BTC

After getting your keywords, they would appear in the presale site

Entirely predictable, I'm afraid.

The coin web site is a complete mess. The demo website is blithely abusing Google's logo and identity to promote their own get-rich-quick scheme and is also accepting and storing information about users who register, yet crucially, there are no statements about terms and conditions or about privacy.

I find it impossible to believe that any competent and legitimate company would be clueless enough to consider this to be acceptable business practice. Unacceptably amateurish production values reflect very poorly on the business sense and skills of the individuals concerned. I wouldn't trust them to run the proverbial piss-up in a brewery.

Mind you, with what they've produced thus far, it'd make a very promising sitcom pilot: “The Gupta Bros: Only Fools and Hashes”.

Cheers

Graham

I am also interested on this experiences since I am planning to get some

Hello!

At first, some disclaiming notices:

1. I am in no way affiliated with the SearchCoin / SearchTrade technical or executive team, but since I did not find a bitcointalk thread for unbiased discussion of the platform, I found it reasonable to start a thread so we can hopefully achieve some open communication about it.

2. It doesn't seem to be an altcoin yet because it uses BTC as a currency as of now, but there seem to be plans for an altcoin.

I found the idea to be very promising. Search is something that would, at least in my opinion, greatly benefit from decentralization through cryptocurrency technology, as opposed to the current monopolization towards Google/Yandex/Baidu/etc.

However, the platform seems to be very opaque to me. As an early adopter greatly interested not only in the cryptocurrency-related technology, but also in the searching related details, I tried to contact the platform owners, but did not receive any meaningful response yet.

Even worse, after some weeks, the platform won't accept my password anymore, so my keyword portfolio and my BTC balance is currently inaccessible.

Anyway, I'd be glad to read about the experiences of other users, and also about thoughts related to the technology (as I would really love to see something like this fly).