0 Network Transaction Fee

[Dilara]

Hi folks,

I need your feedback to improve our new product. We think we might solve this problem.

The most secure blockchains using "Proof of Work" like Bitcoin are very slow, cumbersome and charge high transaction fees. We built a technology that enables to verify Bitcoin payments instantly without taking users' private keys. Also, end-users do not pay any transaction fee for transactions within our Network. We coupled this technology with an easy-to-use mobile app where end users can control and manage all of their payments.

How we do it free?
Our product is a multi-sig, non-custodial Bitcoin wallet. Our technology is basically a UTXO aggregator for payments. The tech aggregates payments from end-users based on several factors and sends them to Bitcoin network in bulk to minimize transaction fees. However, our users don't pay any fee.

What do you think about this?
Would you use it? Why?

Edit: The company name is Arf

 

[Johndoe126]

Sounds cool, what is the App called, or the technology behind it?

 

[John Tempus]

How about including your company name in the original post.

A first post such as this about a new product , lots of mention of your company yet not a single indication of a name to look into ?

Also it doesn't help continually stating its free because it makes no sense to put in work and launch a product when your overall goal is to not make money out of it. It just reads a bit underhanded using the words FREE constantly without any indication as to what you are getting out of such a product.

 

[Dilara]

Sounds cool, what is the App called, or the technology behind it?

It's Arf and the technology called Pipeline.

How about including your company name in the original post.

A first post such as this about a new product , lots of mention of your company yet not a single indication of a name to look into ?

Also it doesn't help continually stating its free because it makes no sense to put in work and launch a product when your overall goal is to not make money out of it. It just reads a bit underhanded using the words FREE constantly without any indication as to what you are getting out of such a product.

I thought it can be understood as a promotion so I didn't put the name of our company. It's Arf.

Let me clarify. We don't charge the end-users but if you're a merchant which have more than 10,000 customers we take 2% commissions from you. We think when we have a crowded mass of customers than more merchants will become to work with us. This is basically our business model.

I'm just trying to understand if people use this because we worked hard on this. Actually, our apps have been already released.

 

[Johndoe126]

Is this available for bitcoin only, or does it support other currencies?

 

[saor]

How about including your company name in the original post.

Glad you said company name, because real name might be tricky.

 

[Elax]

 

[Dilara]

Is this available for bitcoin only, or does it support other currencies?

It supports only Bitcoin.

 

[Dilara]

Glad you said company name, because real name might be tricky.

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I was using my real name and picture on forums and Drift but some people wanted to talk for different purposes so that we decided to change the picture and name. I'm Di and we are real. You can check our founders' Linkedin accounts and other information if you need.

 

[Milano]

Nope.

 

[John Tempus]

I was using my real name and picture on forums and Drift but some people wanted to talk for different purposes so that we decided to change the picture and name. I'm Di and we are real. You can check our founders' Linkedin accounts and other information if you need.

Ye sorry something stinks a bit unless there is just one person working over there under multiple pseudo names.

Something seems off and not in good quality cheese off.

If you guys want to be taken seriously you should start off by deciding what face to use for Di , this just looks to scammy when you use multiple different faces yet the same name, what is up with that ?

 

[saor]

I was using my real name and picture on forums and Drift but some people wanted to talk for different purposes so that we decided to change the picture and name. I'm Di and we are real. You can check our founders' Linkedin accounts and other information if you need.

The crypto space is so crowded with scams and fraud & dishonesty and yet you roll up to a forum with fake names and expect people to just sweep it aside and focus on the tech. Except the thing people want most are services they can trust, provided by people they can trust. If you understood that, you wouldn't be here with fivefold names telling us to check the founders linkedin sounding like every second scammer on bitcointalk.

I'm not accusing you of scams or foul play.

I'm just suggesting that you maybe need a reminder that to get somewhere in this space, you're gonna have to build the trust of the people you're punting your ideas to. And right now, you've already lost me.

 

[phly]

I was sold on the first post - sounded cool. But somehow the english -- it was amiss here and there - small things like and the technology Pipeline - I would have said "and the technology is called Pipeline". In any case I read on. Not making any money on the onset to onboard clients and only charging merchants who have mass clients - makes sense. But then you said that the apps are already out there - yet you want to find out if people use this as you worked very hard. As a creator of a unique product I would first engage the market and have a feel of what they need/want before working hard on a product, bringing it to the market and then trying to find out if people use it and why.

Your product is a multisig wallet wrapped in an app that helps me pay merchants without paying any fees. I asked myself why you would step in to offer to cover the fees I would otherwise pay - when paying to merchants. By virtue of me sending bitcoin anywhere I surely need to pay transaction fees. But then I popped onto the website and noticed "via email". Then it all made sense. Luno has this feature (not many are aware of it though) - sending bitcoin to an email address or even mobile number is free of any fees. Don't mean to rain on your parade @OP but like some people mentioned here - something does not feel right.

 

[John Tempus]

As I suspected, just like luno to me this seems like a method of just flipping the same transactions within the same wallet ecosystem. This is where my main concern started because if this is the case they will be the custodian of all the transactions happening within their own ecosystem and this is where the redflags come up for a scam to plunder tons of internal btc with yet another "we have been hacked" story.

Like luno, the send by email just means that the receiver would be receiving the bitcoin in their own luno account or new luno account if they dont have one.

I am curious how this arf.one service can send instantly outside of internal wallet ecosystem at zero fees and instantly. Its not possible unless they use the lightning network and afaik they make no mention of that being used in any part.