Out of the blue I received messages from valduz10 today...
MESSAGE1 FROM valduz10:Hi,
I am a web developer from Germany and I have a working business idea to create an exchange for people where they can buy crypto currency with fiat money. For my first ever BTC I paid about 30% in fees and was totally fine with it since I wanted to get the transaction processed fast. So from this you can see the possible profit margin of this business.
Let me know if you would be interested to work with me, the investment would be very low. Only about $5,000 to get everything started and generate the first revenue and profits.
REPLY1 FROM ME:Hi,
Please explain where the $5000 investment will go and how it will be spent.
- What code/software you will use?
- What are the server costs and how will they be deployed?
- Estimated time freame for completion once started
- Do you have any URL or screenshots of previous work?
Thanks
MESSAGE2 FROM valduz10:Hi,
$2,000 will be placed at an exchange as inventory to buy BTC and to convert it to the desired coin via an API so the buyer receives the coins instantly when he pays via Paypal or credit card. With the help of a service like
https://www.signifyd.com/ and by blocking all proxy users, and users from high risk countries like Russia or Iran we will fight fraud. For 3rd party services and other fees there will be $500 - $1.000 needed (one time only).
Another investment will be for ads, when people read an article about Ethereum and google 'Buy Ethereum' we can run Adwords ads for it. About $1.000 - $2.000 will be reserved for ads over the following weeks and months after the launch.
The platform will be created by me in PHP with a mysql database. The server costs will be only $40 per month. I will need about 3 weeks to create the platform and test it. Here you can check my previous work of projects in the ad industry:
http://adsomi.com/https://cpmly.com/https://banneriq.com/REPLY2 FROM ME:The banner ads are not necessary, they do not appeal to me. $40 a month for servers is too cheap. How many servers? How is the failover set up? How much SSD or HD? Which language is the exchange coded in, what is the softeare used?
MESSAGE3 FROM valduz10:Without ads and without signifyd just $2,500 my fee will be included.
REPLY3 FROM ME:How much money is needed if no banner ads and other extras such as signifyd are not required? What is your fee? Or do you want a share in the business instead?
MESSAGE4 FROM valduz10:The language is PHP and $40 is fine at
https://www.digitalocean.com/REPLY4 FROM ME:Will think about it and let you know. In the mean time if you have a URL or screenshots of what the demo looks like please send me links
MESSAGE5 FROM valduz10:Send me 0.25 BTC upfront and I will start to create a demo for you. I think this is a fair offer.
REPLY5 FROM ME:Actually, I think it is better that you make the whole site and give me the URL. Then after viewing and testing I will think about buying it or not buying depending on what functions you have added and on how secure the site is.
MESSAGE6 FROM valduz10:Haha no this is not how hiring a developer works boyo
I did not bother sending a reply
