# Trade satoshi interview. 

**URL:** <https://forum.safex.org/t/trade-satoshi-interview/3570>\
**Category:** Uncategorized/Archive\
**Created:** [December 21, 2017, 6:38am UTC](https://forum.safex.org/t/trade-satoshi-interview/3570 "2017-12-21T06:38:03Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![hugotto](https://forum.safex.org/letter_avatar_proxy/v4/letter/h/b77776/32.png) [@hugotto](https://forum.safex.org/u/hugotto)\
**Post date:** [December 21, 2017, 6:38am UTC](https://forum.safex.org/t/trade-satoshi-interview/3570/1 "2017-12-21T06:38:04Z")

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[b]Discord interview relating to that new exchange safex got listed on out of the blue.

20/12/2017

“Hugotto” , safex hodler Vs “Kim” from tradesatoshi

Hugotto-[/b]  
Hi Kim  
Kim-  
Hi  
hugotto-  
I heard you are one of the founders of Tradesatoshi  
Correct?  
kim-  
Yes  
Hugotto-  
Do you mind if I ask you some questions relating to the exchange and its origins?  
Kim-  
Sure  
Hugotto-  
First of all I traced back on fora you are a fairly new exchange, when did you formally launch?  
Kim-  
We started in October 2016  
Hugotto-  
With We you mean?  
Kim-  
The exchange  
Hugotto-  
You and “Cryptodeveloper”  
Kim-  
No, me and some friends  
Hugotto-  
Okay fair, won’t go into that too much since I’m not concerned about your private life.  
Kim-  
Cool  
Hugotto-  
Just to gather info to answer back at Safex community  
Kim-  
Yes  
I can tell u a bit  
Hugotto-  
Yes please do  
Kim-  
So, we started as an exchange to trade shitcoins, basically 🙂 we never did advertising for the site and we never promoted it, call it spam. We have been growing since we started and more people are working on the exchange since then  
We are now over capacity, we are in lack of developers and support, things will change soon, another developer is joining us next week, and a new UI will be released soon  
We are also adding more people to customer support.  
Hugotto-  
That there already solves some of the issues I think with some concerned traders.  
Kim-  
We are growing every day, so it’s all thanks to our users that keep coming back  
When we contacted Safex, we give them the opportunity to have a place to trade while they get into a bigger exchange  
Hugotto-  
How about the shitcoin philosophy. How is that developing? What are currently the ambitions, how do you see yourselves compete in the crypto market as yet another exchange?  
Kim-   
We have no plans to became big, we like being little and avoid the daily crypto drama but crypto in general it’s growing  
Hugotto-  
So you try to be a hassle free exchange for relative small trading volumes?  
Kim-  
So at the moment we are just providing a service, if more users come to us and use tradesatoshi, we will still provide the service  
Yes, we want to give the opportunity to small coin projects to have a space on crypto  
Hugotto-  
What makes your exchange trust worthy? It is a very small exchange with very little user reviews currently and a lot of traders are sceptical at first  
Kim-  
Well, the exchange have a small but great team, the interface it’s easy to use and everything works fine, but with some problems. We are working on future development  
Hugotto-  
What is roughly the background of your team? Are you crypto investors? Developers?  
Kim-  
I been in crypto since it started, I always been off the radar but I’m very active on btalk, I also been active on other areas like hacking since 1994, and web development since 1998.  
I have never invested on crypto, I prefer to hold my btc  
Of course I have invested on the exchange, but only the necessary  
We don’t fake volume, or hype the exchange  
Hugotto-  
So it’s more like a side project in that sense  
Or are you fully dedicated?  
Kim-  
Well, it was a side project, and now I’m full time  
I’m full time since 2 months ago approximately  
Hugotto-  
That makes sense, I imagine doing it justice requires full time attention?  
Kim-  
If not then I will need to close the site  
Hugotto-  
Well I’m pretty sure that will not play right on the safex community currently  
Kim-  
I hope they get into a new exchange, they can just pay dividends on another way so they can avoid sec regulations  
Pay dividends on usdt  
Hugotto-  
Daniel Dabek already released a paper on legal issues explain why it’s not a regular security etc.  
Kim-  
Yes, but it’s up to regulators to decide that  
I understand the founder said that  
So the dump will stop  
Hugotto-  
It seems he is not so concerned with the dump  
Neither are most serious investors  
Kim-  
Yes, it’s a great project really  
Hugotto-  
Were you aware of it before the recent hype?  
Kim-  
Yes from before  
I like sia too  
Hugotto-  
Same here, two projects with very nice developer teams behind it  
Kim I thank you for answering these questions briefly.  
Kim-  
Thanks  
Btw, safex wallet it’s on maintenance, expected to be back online tomorrow morning, so 10 hrs from now  
Hugotto-  
Ah thanks for the heads up  
I will announce it  
Kim-  
Thanks, nice to talk to you

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**Author:** ![StrangeCharm](https://forum.safex.org/letter_avatar_proxy/v4/letter/s/e79b87/32.png) [@StrangeCharm](https://forum.safex.org/u/StrangeCharm)\
**Post date:** [December 21, 2017, 9:52am UTC](https://forum.safex.org/t/trade-satoshi-interview/3570/2 "2017-12-21T09:52:23Z")

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Good work Hugotto. A nice simple no nonsense chat.

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**Author:** ![SheepWazoo](https://forum.safex.org/user_avatar/forum.safex.org/sheepwazoo/32/1605_2.png) [@SheepWazoo](https://forum.safex.org/u/SheepWazoo)\
**Post date:** [December 21, 2017, 3:54pm UTC](https://forum.safex.org/t/trade-satoshi-interview/3570/3 "2017-12-21T15:54:04Z")

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Thanks for posting this to the forums Hugo. Way to get in there and make shit happen!
