Topic: Magnr.com - A Bitcoin Savings, Trading and Investment company (Read 1010 times)
Does anyone use this service? And how has it fared after the recent Bitfinex incident?
Our response to Mike Hearn's announcement. For the record, we believe that every developer should operate under a full disclosure where every vested interest bitcoin, blockchain or otherwise and potential conflict of interest should be declared. This is standard practise in finance.
https://medium.com/@Magnr/hi-mike-on-behalf-of-the-magnr-team-and-all-of-its-clients-we-thank-you-sincerely-for-all-the-d12c402fc5e2#.jbo881hr6
Quote
Hi Mike. On behalf of the Magnr team and all of its clients, we thank you sincerely for all the work that you have done in Bitcoin. To have spent much of life’s most precious currency, time, dedicated to furthering the cause, no words can express our gratitude.
Respectfully, the dialogue that bitcoin has failed is one that we would disagree with. We can see the frustrations that you have had to encounter from the often terse nature of online trolls and endless opinion as opposed to an engaging and educated debate. We recognise that this is not easy to put up with.
So why do we think that Bitcoin will still live to fight another day? Well, coming from the world of finance, the forces of market economics will transcend irrational debate. Even with the significant price drop we are currently seeing, an economy with a market cap of US $5 billion shows how strong a vested interest all bitcoin holders have (in finance we call these actors ‘stakeholders’). This is regardless of their role in bitcoin, miner, aspiring startup entrepreneur, hoarder…
With literally billions of dollars invested into Bitcoin infrastructure across the world, if Bitcoin continues to drop in price, a realisation will soon kick in that in order to maintain an economic equilibrium, a decision has to be made by everyone.
Miners, whether Chinese or not, still have bills to pay, roofs to keep over their heads, and mouths to feed. When it comes to crunch time, the block size increase will happen. It is inevitable as everybody universally agrees that it should. The method which it will happen is still out for debate and we see the associated noise as the root of frustration to the core developers.
Regardless, thank you sincerely for your selfless contributions to the often selfish community. We promise you, the community will serve to make you a proud godfather of a technology you helped push forward in years to come.
P.s. We think you should at least keep 1 bitcoin!
Much love, from the Magnr team, London, UK. Peace.
Respectfully, the dialogue that bitcoin has failed is one that we would disagree with. We can see the frustrations that you have had to encounter from the often terse nature of online trolls and endless opinion as opposed to an engaging and educated debate. We recognise that this is not easy to put up with.
So why do we think that Bitcoin will still live to fight another day? Well, coming from the world of finance, the forces of market economics will transcend irrational debate. Even with the significant price drop we are currently seeing, an economy with a market cap of US $5 billion shows how strong a vested interest all bitcoin holders have (in finance we call these actors ‘stakeholders’). This is regardless of their role in bitcoin, miner, aspiring startup entrepreneur, hoarder…
With literally billions of dollars invested into Bitcoin infrastructure across the world, if Bitcoin continues to drop in price, a realisation will soon kick in that in order to maintain an economic equilibrium, a decision has to be made by everyone.
Miners, whether Chinese or not, still have bills to pay, roofs to keep over their heads, and mouths to feed. When it comes to crunch time, the block size increase will happen. It is inevitable as everybody universally agrees that it should. The method which it will happen is still out for debate and we see the associated noise as the root of frustration to the core developers.
Regardless, thank you sincerely for your selfless contributions to the often selfish community. We promise you, the community will serve to make you a proud godfather of a technology you helped push forward in years to come.
P.s. We think you should at least keep 1 bitcoin!
Much love, from the Magnr team, London, UK. Peace.
https://medium.com/@Magnr/hi-mike-on-behalf-of-the-magnr-team-and-all-of-its-clients-we-thank-you-sincerely-for-all-the-d12c402fc5e2#.jbo881hr6
recently i know at least several firms similar with you in London, what is the difference between your company and others? 
The main differentiator is our experience. Being based out of London allows us to hire a team with BOTH financial services experience (including Barclays Bank Plc, UBS, Deutsche Bank, Macquarie Group) and hardcore technology exposure (eBay, BSkyB, BBC).
recently i know at least several firms similar with you in London, what is the difference between your company and others?
Are there plans for smartphone apps to manage Magnr accounts?
Happy new year oblomov, a native mobile app is on our roadmap but not a priority. We'll be launching into a new product vertical within the next few months to help us expand, watch this space.
Mobile will come after that.
Are there plans for smartphone apps to manage Magnr accounts?
Hello Bitcointalk. Magnr is a company that offers Bitcoin only Savings, Trading and Investment opportunities. Since 2013 with Bitcoin adoption increasing we saw a growing need for trusted, secure and transparent financial services. We are excited to see the ecosystem maturing quickly with transparent services helping the Bitcoin economy can grow further.
We currently offer two risk based products:
Magnr Trading - A bitcoin only leveraged trading platform that was launched in 2013, it is secure and well trusted by the Bitcointalk community.
Magnr Savings - An interest bearing savings account which tracks deposits transparently on-blockchain. Our current interest rate is 2.18%. Interest revenue comes from traders paying an interest fee for borrowed funds for short term leveraged trading positions.
Keeping your bitcoin safe is our top priority
Our team comes from a background of both Retail and Investment Banking and hope to bring the professionally of an established industry over in a transparent way to bitcoin. We are currently working with the UK's financial regulator FCA to encourage an open regulatory framework that protects our clients as well as innovation within the sector.
Human Audits
All withdrawals are overseen by a Magnr staff member to verify their authenticity. Any suspicious requests are investigated before approval.
Magnr is located in the heart of London, where financial trust meets technological innovation. The United Kingdom offers favourable regulation and a thriving FinTech industry. We see London, in particular, as a future Bitcoin hub. If you would like to visit our offices, please contact us.
and find out why thousands of bitcoin holders across the world trust us with their investments
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