[ANN] BitcoinStore launching with 0% margin - page 5.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: BitcoinStore on February 28, 2013, 11:55:18 AM

Quote from: notig on February 28, 2013, 01:30:49 AM

I was looking on amazon tonight for a raspberry pi and a raspberry pi case. Just looking though. I was thinking about getting one of the netbooks but it seems like a netbook might be overkill for an armory (offline)wallet. HMMM

You can't put a price on security Wink

Yep. I use one myself for my offline armory wallet. Shame Bitcoinstore wasn't around when I bought it as I see the prices are really competitive on there. Cry

BitcoinStore

newbie

Activity: 56

Merit: 0

Quote from: notig on February 28, 2013, 01:30:49 AM

I was looking on amazon tonight for a raspberry pi and a raspberry pi case. Just looking though. I was thinking about getting one of the netbooks but it seems like a netbook might be overkill for an armory (offline)wallet. HMMM

You can't put a price on security Wink

notig

sr. member

Activity: 294

Merit: 250

I was looking on amazon tonight for a raspberry pi and a raspberry pi case. Just looking though. I was thinking about getting one of the netbooks but it seems like a netbook might be overkill for an armory (offline)wallet. HMMM

ralree

hero member

Activity: 518

Merit: 500

Manateeeeeeees

I really tried to find something I needed, but being a software engineer, I kind of already have all the computer/tech gear I need. I looked through your car audio stuff, and it's all pretty low-end (Pyle, BOSS, Power Acoustik). If you had some higher-quality head units in there I might have bought one. Sorry - I'll try and remember next time I need something techie.

dust

hero member

Activity: 840

Merit: 1000

Quote from: MemoryDealers on February 28, 2013, 12:07:53 AM

Quote from: dust on February 27, 2013, 05:42:47 PM

I did some price comparisons and BitcoinStore is actually cheaper this time (unlike during beta when "cheaper than Amazon" really meant "cheaper than some third-party sellers on Amazon").

Quote

MtGox $31.56 Bitcoinstore $31.42

The hidden 1% fee due to the exchange rate used is a bit deceptive. I would rather just see higher prices with the proper exchange rate.

$0.16 difference does NOT equal a 1% fee.

The MTGOX price displayed is the most recent trade value on MTGOX.
The BitcoinStore price is based on the highest ask price on MTGOX.

Sometimes this value is the same, sometimes there is a spread, but you will always get more via BitcoinStore.com than you would by selling your coins on MTGOX at the same instant.

You are right. When I first visited the page, the difference was 1%. When I went to post, the numbers were different and I didn't think to recalculate the %.

Quote

MtGox $32.11 Bitcoinstore $32.11

Looks good now!

jwzguy

hero member

Activity: 868

Merit: 1002

Quote from: MemoryDealers on February 28, 2013, 12:13:21 AM

Quote from: jwzguy on February 28, 2013, 12:04:01 AM

That is great, thanks! So, is that 850k in addition to the current balance, the total received, or from today onward?

So, are you guys not cashing out immediately on receiving payment? It looks like most of the balance is still there. If you're staying in BTC as long as possible, that's ballsy as hell (and kind of awesome.)

It is about $850K needed total per quarter to maintain the contract.
Currently we are about $50K of the way there. (I'm not planning to cash out the coins if possible)

I'm aware that the site isn't actually ready yet and still needs a lot of polishing, but I was running out of time to meet my sales quota for Q1 of 2013.

I hope the Bitcoin community can come together to help buy a lot of stuff.
This will help Bitcoinstore continue to improve and maintain the supplier contract into the future.

As a broke grad student, I can't do a lot, but I will make a purchase...the Bitcoin Store is making all of our holdings worth more and I hope other people recognize this as well.

Thank you for all your hard work!

MemoryDealers

vip

Activity: 1052

Merit: 1155

Quote from: jwzguy on February 28, 2013, 12:04:01 AM

That is great, thanks! So, is that 850k in addition to the current balance, the total received, or from today onward?

So, are you guys not cashing out immediately on receiving payment? It looks like most of the balance is still there. If you're staying in BTC as long as possible, that's ballsy as hell (and kind of awesome.)

It is about $850K needed total per quarter to maintain the contract.
Currently we are about $50K of the way there. (I'm not planning to cash out the coins if possible)

I'm aware that the site isn't actually ready yet and still needs a lot of polishing, but I was running out of time to meet my sales quota for Q1 of 2013.

I hope the Bitcoin community can come together to help buy a lot of stuff.
This will help Bitcoinstore continue to improve and maintain the supplier contract into the future.

MemoryDealers

vip

Activity: 1052

Merit: 1155

Quote from: dust on February 27, 2013, 05:42:47 PM

I did some price comparisons and BitcoinStore is actually cheaper this time (unlike during beta when "cheaper than Amazon" really meant "cheaper than some third-party sellers on Amazon").

Quote

MtGox $31.56 Bitcoinstore $31.42

The hidden 1% fee due to the exchange rate used is a bit deceptive. I would rather just see higher prices with the proper exchange rate.

$0.16 difference does NOT equal a 1% fee.

The MTGOX price displayed is the most recent trade value on MTGOX.
The BitcoinStore price is based on the highest ask price on MTGOX.

Sometimes this value is the same, sometimes there is a spread, but you will always get more via BitcoinStore.com than you would by selling your coins on MTGOX at the same instant.

jwzguy

hero member

Activity: 868

Merit: 1002

Quote from: MemoryDealers on February 27, 2013, 11:57:37 PM

Quote from: jwzguy on February 27, 2013, 06:05:13 PM

Will you guys update us with sales milestones so we can see how much more you need to reach 800k?

You can track our progress here: http://blockchain.info/address/1JqjoFF8QZwidrTbfnihGHDeu16pbLia1q

That is the payout address for all the orders that come through Bitcoinstore.com

Please help us ready $850K USD by the end of next month!

That is great, thanks! So, is that 850k in addition to the current balance, the total received, or from today onward?

So, are you guys not cashing out immediately on receiving payment? It looks like most of the balance is still there. If you're staying in BTC as long as possible, that's ballsy as hell (and kind of awesome.)

MemoryDealers

vip

Activity: 1052

Merit: 1155

Quote from: jwzguy on February 27, 2013, 06:05:13 PM

Will you guys update us with sales milestones so we can see how much more you need to reach 800k?

You can track our progress here: http://blockchain.info/address/1JqjoFF8QZwidrTbfnihGHDeu16pbLia1q

That is the payout address for all the orders that come through Bitcoinstore.com

Please help us ready $850K USD by the end of next month!

notig

sr. member

Activity: 294

Merit: 250

i'd like to request a fluid layout (so it takes up the width of larger monitors like amazon/newegg)

BitcoinStore

newbie

Activity: 56

Merit: 0

Quote from: jwzguy on February 27, 2013, 06:05:13 PM

Will you guys update us with sales milestones so we can see how much more you need to reach 800k?

Yessir, you'll also be able to measure it by how frantic our posts become! Wink

We've made a decent number of sales prior to this month, but we'll need to really push it to hit our quota.

jwzguy

hero member

Activity: 868

Merit: 1002

Will you guys update us with sales milestones so we can see how much more you need to reach 800k?

BitcoinStore

newbie

Activity: 56

Merit: 0

Quote from: fornit on February 27, 2013, 06:00:28 PM

search is terrible. shop has amd cpus yet searching for "amd", "AMD", "am3" or "AM3" all turn up nothing. "AMD phenom" however displays some gamepads...
filter shows manufacturer "AMD" two times. also, loading times are very very long.

sry, but by the time i found the things i want to buy the first month is probably over.

I'll check. It should be indexing the brand very high on the search.

fornit

hero member

Activity: 991

Merit: 1011

search is terrible. shop has amd cpus yet searching for "amd", "AMD", "am3" or "AM3" all turn up nothing. "AMD phenom" however displays some gamepads...
filter shows manufacturer "AMD" two times. also, loading times are very very long.

sry, but by the time i found the things i want to buy the first month is probably over.

BitcoinStore

newbie

Activity: 56

Merit: 0

Quote from: dust on February 27, 2013, 05:42:47 PM

I did some price comparisons and BitcoinStore is actually cheaper this time (unlike during beta when "cheaper than Amazon" really meant "cheaper than some third-party sellers on Amazon").

Quote

MtGox $31.56 Bitcoinstore $31.42

The hidden 1% fee due to the exchange rate used is a bit deceptive. I would rather just see higher prices with the proper exchange rate.

We're using BitPay's rate last I checked. They pull it from multiple exchanges, which causes the deviation from Mt. Gox's. It also might be slightly lagging behind.

dust

hero member

Activity: 840

Merit: 1000

I did some price comparisons and BitcoinStore is actually cheaper this time (unlike during beta when "cheaper than Amazon" really meant "cheaper than some third-party sellers on Amazon").

Quote

MtGox $31.56 Bitcoinstore $31.42

~~The hidden 1% fee due to the exchange rate used is a bit deceptive. I would rather just see higher prices with the proper exchange rate.~~

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

I would prefer the navigation bar not to have moving letters. I find it distracting (I just end up playing with it instead of actually checking out the products...).

But keep up the good work!

jimbobway

legendary

Activity: 1304

Merit: 1015

Site is slow for me.

BitcoinStore

newbie

Activity: 56

Merit: 0

http://BitcoinStore.com

Hello!

We've officially launched out of beta. Take a look at our site, try out the new search, and check out the new prices. They're even lower than the beta period. We've launched for this first month with 0% margins because we need your help. We need to make $800,000 worth of orders in order to continue to qualify for our supplier contract.

BitcoinStore was created in order to apply pressure to big online retail store like Amazon and NewEgg. We need your help in order to do this. Please order something (I assure you that you can find something you need in our massive catalog) and help us show Amazon and NewEgg that Bitcoin can save consumers a bucketload of money. If we can get big enough and start pulling consumers away from them, they'll have no other option than to accept Bitcoin.

Here's an article below with more info, thank you for all the community support so far, we'll be announcing a couple more things this week!

http://bitcoinmagazine.com/bitcoinstore-formally-launching-today-0-markup/

Thanks,
-Jon

Topic: [ANN] BitcoinStore launching with 0% margin - page 5. (Read 9047 times)