FAQ
Are you seriously going to use Überkoin as the name for this endeavor?Yes, unless a better option manifests itself. Surely, you're not one of them diæresisphobes, or are you?
Update: Thanks to cbeast's mention, I snatched uberqoin.com, et al. I kinda like how
Überqoin reads. BTW, I gave cbeast Greenland in exchange for the suggestion, thus he's now Emissary and Squire of Greenland since its total population base is only
56,370. Not too shabby, considering ~65% of its population use the internet, of which he's now in position to earn a 12% commission on every order on
Überkoin originating from denizens of Greenland.
Will you be vetting the various vendors that attach themselves to Überkoin, making sure that we, as consumers, are not dealing with bad actors?No. It'll be up to the consumers to do their due diligence prior to participating in any sales involving cryptocurrencies. That said, it's to the utmost importance that
Überkoin and its patrons are shielded from bad actors dealing in bitcoins as much as humanly possible, thus when a bad actor does raise its slimy head, that vendor will no longer be allowed to participate with our program.
Basically, all vendors are welcome as long as they have a product or service to offer, coupled with them accepting bitcoins or any other viable cryptocurrency (various other c-c implemented soon after the official launch). The ultimate goal is to accept new cryptocurrencies right outta the gate provided, of course, they're relatively easy to convert to bitcoins, especially during their nascent stages, thus allowing users of such to have an immediate place of commerce to spend their desired coins.
What products and services will be disallowed on Überkoin?Only the ones deemed illegal. Any vendors considered risqué, i.e. due to adult content, may have their wares available for purchase, and accessible, only once the viewer is deemed of age via the usual protection procedures.
What percentage will Überkoin glean from each vendor for providing such a wonderful service?15%.
What percentage of sales will dues-paying members of Überkoin recognize?As follows: (titles subject to change)
- Ambassador (2%)
- Emissary (4%)
- Squire (8%)
That only adds up to 14%. Where does the remainder 1% go?I can't get nothing pass you guys! Short answer: Administration. Shorter answer: Ditto.
Will Überkoin be donating some part of their 1% "administration" fee to charity?Yes, albeit not sure as to which one at this time, 0.1% of ALL sales will be set aside specifically for that purpose, starting with the very first purchase on
Überkoin. A dedicated bitcoin wallet address will be set up and made available for the public to track on the 'block chain'.
How soon will the vendors and affiliated associates get paid via bitcoins once a sale concludes?Usually within the hour after any sale, a standard time frame concerning enterprises that deal with bitcoins.
What is required of the various dues-paying members?Only an email address, an account name that's somewhat pronounceable, thus no numbers, and a bitcoin wallet address. No password will be required.
As a Squire paying $50 USD/mo, and having selected Kentucky as my territory (using a state in the US for sake of example), what determines if I'm due a commission or not?If the person who orders a product or service available on
Überkoin uses Kentucky (i.e.) as their home state, then you're entitle to 8% of the sale since you're the Squire of said state.
Is that the only way I'm able to make a commission?No. If a person residing in any other territory purchases a product or service on
Überkoin, but opts to have it shipped to a Kentucky (i.e., again) address, then you will earn half--4%--of the sale's commission, with the other 4% going to the affiliated associate that has the other territory/niche (carved out for themselves) of which the purchaser resides, i.e. Newfoundland.
Again, is that the only way I, as an Ambassador, Emissary or Squire, am able to earn bitcoins via Überkoin?Again, no. We're toying with a payment schedule to award BTC to our affiliated associates for simply embedding our linked logo onto their various websites and social media outlets. We may consider paying out bitcents for tweets, et al., of which could be opened to non-members alike.
Is it safe to assume that ONLY cryptocurrencies will be accepted on Überkoin?Yes. No PayPal, credit cards, bank wires, etc. will be accepted. At the onset, only bitcoins will be accepted but, as soon as possible, all other viable cryptocurrencies will be considered as well, with ALL payouts to associates and vendors distributed via bitcoins.
Überkoin will have a system in place to convert all other c-c payments into bitcoins prior to doling out payments in a timely manner, dependant upon interacting with various infrastructures, APIs, or unforeseen hurdles.
Am I limited to how many territories I can carve out?No. The world is your öyster.
Überqöin as she teases me more.>Can I sell or trade my position?Yes, but only through Überkoin, in which a special page will be develop for one to do such, of which a yet-to-be-determined fee will apply.
Can I change my email address, my user name, and/or my bitcoin wallet address?Yes, but for a $10 USD via BTC fee for each of the various requests. In retrospect, one will have the option to go with this pay schedule or the one above, dependant upon which is the most cost efficient, if the intent is transfer ones account.
Will Überkoin have a queue set up for those desiring a certain territory that's already allocated?Yes, again at the magic price point of only $10 USD via BTC. If, for some reason an associate desires to forfeit a territory, the first person in the queue would have the first option to pick it up without having to dole out one satoshi. But, if there's any arrear monthly dues owed due to previous sales volume, said arrears will have to be satisfied first prior to one recognizing any returns.
I couldn't help but noticed that you carved out North America for yourself, Bruno (penning in third person is so much fun). What gives?Seriously? Nothing gives! Me taketh! If I were really greedy, I would have taken Asia, but left that continent, at 2% of all sales, for some other lucky (perhaps rucky) soul to acquire at only a one time outta pocket investment of $200 USD via BTC as its Ambassador. As a Squire, China could be had for a mere $50 USD via BTC. I'm almost certain that the Horn of Africa won't be the first picked at $100 USD via BTC by an Emissary.
Where do you, Bruno, come up with these brilliant ideas?Market research at MFC.
Pretending I'm the Emissary of Micronesia, a subregion of Oceania, AND also the Squire of Yap, one of the states of Micronesia, exactly what percentage would I earn per sale if a resident of Yap orders a product or service on Überkoin?You would receive 12% of any sale made by a denizen of Yap: 8% as the Squire, and 4% as the Emissary. The Ambassador of Oceania will enjoy 2% of all sales originating from said continently region.
Can one be the Ambassador of Antarctica?No. Since Antarctica has such a scant population, we felt it best to combine said continent with that of Oceania, composed chiefly of Australia and New Zealand, its largest land masses. One can become its Emissary, though, thus enjoying a 4% windfall of all sales stemming from within the continental shelf, the wondrous ice-covered Antarctica.
How will one know for certain that all dues-paying members are being treated squarely when a sale is processed on Überkoin?An independent auditor comes t mind. Also, venerable vendors won't tolerate it if they discover that affiliate associates are not getting rewarded as they should have, easily proven to them by simply viewing the 'block chain' during their internal review process. Another way would be when members themselves ordered off
Überkoin, whereupon they'll know soon enough if something is, or isn't, amiss.
As a Squire, can I sell off individual cities in my state, country, etc.?Yes. The "mayor" of each city will be referred to as a Bürqömeister, a bastardized spelling of Bürgermeister, to jibe with "q" and the umlauts of Überqöin, of which
I'm strongly toying with renaming the endeavor I've opt to name this endeavor.
Wait one darn second! What stops a Squire from selling off premium cities to himself, then turning around and selling their territory, yet retains the full 8% commissions garnered from said cities? 
And, who in their right mind would purchase a territory once seeing that the 8% commissions from sold off premium cities would no longer direct toward their coffer? Strike that! I just figured it out. Genius!
I think I've met the dude who now has it. I'm sure you'll let me know if you really wanted it so that I can contact him and let that prick know.