Hey all,

FIRSTLY: This is 100% legit. Not spam. Not fake. But yes, definitely the weirdest post I've ever made here. Don and Ricky can vouch for us, as we're doing/have done toy production/sale deals with them.

It's a bit complex, but I'll try to make it simple.

ShelfLife.net is investigating Bitcoin along multiple avenues, including accepting it, running BTC ATM's in Toronto and executing BTC arbitrage plays.

There is an obvious spread between the US based BTC exchanges and MTGOX, the Japanese exchange. Largely this is accounted for by the high volume of transactions on MTGOX that are completed by US based folks who then find themselves waiting months to transfer money back to their US accounts via wire transfer. Word in the BTC community is that transfers to Japanese bank accounts take far less time. Thing is, we don't have a Japanese bank account.

We want to sell some BTC on MTGOX and send the proceeds to your Japanese bank account via wire transfer. This lets you keep our money, but it will be a smallish amount, so we'll take the loss to get the measure of the time required for the transfer. All you need to do is tell us when it arrives.

I realize this sounds like some kind of Nigerian spam attack. It most definitely is the opposite. We're legit business guys looking into something interesting.

You can ping me at james@shelflife.net and 1.416.988.0504 or msg me here if you are curious to participate.

Ok, that's it. Cue Scary Andy smartass remarks.

Cheers,

James

No smartass remarks from me . . . I ain't that smart!

I'm not either, but I am intrigued. No Japanese bank account, sorry.
I understand the arbitrage aspect to some extent, being able to more quickly take advantage of fluctuating valuations and such, but what other advantages would it offer if you as a Toronto-based business? Just curious.

"Most of Canada’s so-called ‘Big 6′ banks – made up of RBC, TD, BMO, CIBC, Scotiabank and National Bank – have frozen or shut down accounts owned by the handful of Canadian companies who trade the digital currency and convert it to cash for customers."
http://globalnews.ca/news/996853/as-bitcoin-surges-canadian-banks-make-converting-to-cash-difficult/

The whole bit coin thing is fascinating to me. A little bewildering at first though, I'll admit.

In answer to the above question we're interested to make money and open new avenues to let our ShelfLife users pay each other beyond Paypal.

We also have interest as programmers in exposing any corruption in the system.

J