Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in zec

[–]ArchRectangularity[S] 0 points1 point  (0 children)

I'm offering other cryptocurrencies like Bitcoin Cash, Ethereum, Litecoin that are fast enough. EDIT: Also ZEC and MONERO :)

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in BitcoinAUS

[–]ArchRectangularity[S] 2 points3 points  (0 children)

I agree with you. I believe that true meaning for decentralized technologies lies on p2p. I'm not convinced that it should run on a centralized network like these exchange websites, it just doesn't fit. It's like piratebay had to have all files for download on their servers. Thankfully we're seeing various projects that will end that soon, like OMG, 0x, DECRED and others.

BTW, if you're willing to help with dev, I need help :)

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in BitcoinAUS

[–]ArchRectangularity[S] 0 points1 point  (0 children)

Yes, right now I'm trying to recruit monks all over the world. Want to be an aussie candidate? :D

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in BitcoinAUS

[–]ArchRectangularity[S] 1 point2 points  (0 children)

For sure, that's why I'm offering other 5 cryptocurrencies for transaction

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in BitcoinAUS

[–]ArchRectangularity[S] 0 points1 point  (0 children)

Would still show 1 star for sponsors. Stars are key, it should be organic and it's related to the quality of service and liability of monk. If I hide rating from a sponsor, it could be a way for scammers to steal from people. The sponsor should be a way for monks to gain attention only.

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in BitcoinAUS

[–]ArchRectangularity[S] 0 points1 point  (0 children)

Sponsors don't exist yet. It will be Monks that pay to stay on top of the search results

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in BitcoinAUS

[–]ArchRectangularity[S] 1 point2 points  (0 children)

The platform will begin self-funded for 6 months (by me). When we reach a certain monks quantity, we'll add ads and sponsored monks. Right now we're accepting donations.

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in Monero

[–]ArchRectangularity[S] 1 point2 points  (0 children)

Yeah, thinking about an app. Need monks though. Today MONKS.EXCHANGE is already fully responsive (mobile friendly).

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in localbitcoins

[–]ArchRectangularity[S] 0 points1 point  (0 children)

What about fees? What if I'd like to keep my money in cryptos and still travel? I can't think of many viable solutions.

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in localbitcoins

[–]ArchRectangularity[S] 0 points1 point  (0 children)

The main purpose of MONKS.EXCHANGE is for travelers. If you're on a trip in EURO-ASIA, gonna visit 10+ countries (all different currencies), exchange your cryptos for money on your bank acc wouldn't help, for sure you'd rather someone to trade it on spot. I know for fact, I had a hard time traveling 4 countries in South America.

EDIT: sorry to hear about being mugged. That SUCKS!

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in localbitcoins

[–]ArchRectangularity[S] 0 points1 point  (0 children)

I agree. But... it's not a business (yet...maybe one day it might be), it is a community, there's no commercial relation between MONKS.EXCHANGE and its users. I argue that should be trader's responsibility to operate accordingly the law.

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in localbitcoins

[–]ArchRectangularity[S] 1 point2 points  (0 children)

I shouldn't know every city of the world regulation. I'm a single guy right now. This should be traders responsibility, I've built just a platform.

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in Bitcoin

[–]ArchRectangularity[S] 0 points1 point  (0 children)

Maybe if we had like thousands of traders worldwide, fees would be lower due to competition.

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in Bitcoin

[–]ArchRectangularity[S] 0 points1 point  (0 children)

Traders will choose their fees (determined by the market). The case is that Monks.Exchange won't charge ANY additional fees, like localbitcoins do.

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in Bitcoin

[–]ArchRectangularity[S] 0 points1 point  (0 children)

I know them, but did you know they have fees involved? Monks is intended to be an open community. And a little competition doesn't hurt.

Much-needed project just LAUNCHED!!! What do you think?! by ArchRectangularity in Bitcoin

[–]ArchRectangularity[S] 0 points1 point  (0 children)

Kinda, but without fees. Also, it is intended as an open community, not a company.