[BITCOINBOURSE.EU/BICOINBURZA.COM] IPO SYSTEM SHARES

forensick

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Activity: 376

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Quote from: rini17 on November 02, 2013, 03:26:28 PM

Is there any deadline for IPO? There are still over 23k shares left (~3500BTC), what if they stay unsold in following months or years?

Also, it was said some marketing campaign is planned, but I did not notice anything, except for large number of (bought?) twitter followers. No activity in other places like bitcash.cz and other local forums, apparently no interest or time to meet prospective customers in person on various bitcoin meetups in central Europe...? If you want to wait with the marketing till the site is perfect, I am afraid Neobee and others will just wipe the floor with you.

We would like to finish it till the end of November. That´s why we created PT on cryptostocks and we would like to have more soon.

We invested a lot to social networks, mainly facebook to create groups with a lot of people and we will start google ads next week /already done in France last week/. So, it goes sometimes pretty slow with progress of the website sometimes, but we work hard. We don´t have so much time to post in various forums yet and we plan to start visiting important events from the next year, when web is running on 100% and we wait for 1000 users at least. I am following Neobee like a shareholder, but I don´t really think, they could grow so fast and a lot of plans look pretty unbelievable. Also, I am not sure about impact of entity domiciled in a country like Cyprus with various banking troubles emerging on the horizon. It is not over there, maybe it even didn´t begin. Still, competition is necessary and welcomed

rini17

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GO http://bitcointa.lk !!! My new nick: jurov

Is there any deadline for IPO? There are still over 23k shares left (~3500BTC), what if they stay unsold in following months or years?

Also, it was said some marketing campaign is planned, but I did not notice anything, except for large number of (bought?) twitter followers. No activity in other places like bitcash.cz and other local forums, apparently no interest or time to meet prospective customers in person on various bitcoin meetups in central Europe...? If you want to wait with the marketing till the site is perfect, I am afraid Neobee and others will just wipe the floor with you.

forensick

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Activity: 376

Merit: 250

DIVIDENDS so far:

1st week /1.10.-6.10./ - 0.00000110 BTC/share
2nd week /7.10-13.10./ - 0.00000013 BTC/share
3rd week /14.10.-20.10/ - 0.00000345 BTC/share

volume of trades is going up, we will launch today and in the next few days most of the language versions, f.e. French, German, Slovak, Czech, Italian etc. So everybody could buy/sell in their native language very soon. Also, number of customers is rapidly growing from many smaller European states as well. Still, hell a lot of work to be done

forensick

sr. member

Activity: 376

Merit: 250

Dividend for the last week 1.10. /start/ - 6.10. was paid:
1 system share got 0.0000110 BTC
We don´t have big volume yet, but we are receiving more and more signups, so... we still have 27270 shares available.

forensick

sr. member

Activity: 376

Merit: 250

Bitcoinbourse.eu is running, first English version only, soon we will add more languages. Early bird shares are totally sold out, we are slowly getting out of classic System shares as well... Still, there is few troubles to be resolve soon, but trading for verified users is available

forensick

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Activity: 376

Merit: 250

Quote from: tucenaber on August 17, 2013, 08:48:22 AM

Quote from: forensick on August 16, 2013, 02:34:53 AM

Quote from: tucenaber on August 16, 2013, 01:39:35 AM

You are asking for 0.1 x 10000+0.15 x 40000 = 7000

That is for 50% of the venture. Total valuation 7 million dollars for an exchange with no customers. If this sells out I'm going to be depressed.

Hard to discuss with someone, who can't do elementary math :-)

Yeah that was sloppy. You would never be able to guess the number of years of math education I have Grin

Tell me, i was doin math at university in 2 years :-). Too much partying at college :-)

tucenaber

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Activity: 337

Merit: 252

Quote from: forensick on August 16, 2013, 02:34:53 AM

Quote from: tucenaber on August 16, 2013, 01:39:35 AM

You are asking for 0.1 x 10000+0.15 x 40000 = 7000

That is for 50% of the venture. Total valuation 7 million dollars for an exchange with no customers. If this sells out I'm going to be depressed.

Hard to discuss with someone, who can't do elementary math :-)

Yeah that was sloppy. You would never be able to guess the number of years of math education I have Grin

forensick

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Activity: 376

Merit: 250

Quote from: inspiredinvestor on August 16, 2013, 05:13:42 AM

well I'm in for 20, I like the concept, you have established other business. more exchanges is a good thing for the community.
will be watching
Now I was wondering if why the IPO shares count hasn't moved from 7430 available for last 5+ hours....

IPO market is probably too overheated, we have enough time, almost 6 weeks to finish IPO, so no problem at all. We can´t promise any fancy numbers, fancy chips and fancy machines doing blowjobs during hashing Cheesy

.

inspiredinvestor

hero member

Activity: 658

Merit: 500

well I'm in for 20, I like the concept, you have established other business. more exchanges is a good thing for the community.
will be watching
Now I was wondering if why the IPO shares count hasn't moved from 7430 available for last 5+ hours....

inspiredinvestor

hero member

Activity: 658

Merit: 500

Quote from: tucenaber on August 16, 2013, 01:39:35 AM

You are asking for 0.1 x 10000+0.15 x 40000 = 7000

That is for 50% of the venture. Total valuation 7 million dollars for an exchange with no customers. If this sells out I'm going to be depressed.

you might want to drop a "0"

forensick

sr. member

Activity: 376

Merit: 250

Quote from: inspiredinvestor on August 15, 2013, 07:44:45 PM

interesting,
I know localbitcoins has been referred to before and yes I am going to refer to it as well (I really like the model overall), but as a seller when a buyer puts a buy order and your bitcoins are moved to escrow. they can be held there for over 24hours frozen , and the seller might not ever send the cash through.

The problem I have is the seller can never cancel the deal only the buyer can. Therefore other sellers can put in your max amount buy amount and freeze you for 24hours.

if you can address things like this and make a secure system, i'm interested.

any plans to expand to australia down the track?

We are negotiating various options how to get win-win for the buyers and sellers and eliminate possibilities of fraud...

Europe is our priority, a lot of countries with very low adoption of btc, we know European market, regulations, legal system etc. but we do not close possible expansion anywhere in the future.

forensick

sr. member

Activity: 376

Merit: 250

Quote from: tucenaber on August 16, 2013, 01:39:35 AM

You are asking for 0.1 x 10000+0.15 x 40000 = 7000

That is for 50% of the venture. Total valuation 7 million dollars for an exchange with no customers. If this sells out I'm going to be depressed.

Hard to discuss with someone, who can't do elementary math :-)

tucenaber

sr. member

Activity: 337

Merit: 252

You are asking for 0.1 x 10000+0.15 x 40000 = 7000

That is for 50% of the venture. Total valuation 7 million dollars for an exchange with no customers. If this sells out I'm going to be depressed.

inspiredinvestor

hero member

Activity: 658

Merit: 500

interesting,
I know localbitcoins has been referred to before and yes I am going to refer to it as well (I really like the model overall), but as a seller when a buyer puts a buy order and your bitcoins are moved to escrow. they can be held there for over 24hours frozen , and the seller might not ever send the cash through.

The problem I have is the seller can never cancel the deal only the buyer can. Therefore other sellers can put in your max amount buy amount and freeze you for 24hours.

if you can address things like this and make a secure system, i'm interested.

any plans to expand to australia down the track?

forensick

sr. member

Activity: 376

Merit: 250

IPO starts today at 20:00 of European time, so some 3 hours and 20 minutes to the start. Interested can sing-up here:

http://thebitcoincompany.co.uk/index.php/component/users/?view=login

forensick

sr. member

Activity: 376

Merit: 250

Quote from: Super T on August 12, 2013, 04:39:53 PM

Hi,

Please excuse what is probably a naive question, but how is this different to Localbitcoins?

I don't see how you are performing the role of a secure escrow service, since you are not handling or able to guarantee the transfer of the fiat currency component of any deal - am i missing something? Does the escrow only protect the fiat-receiver in any deal? How do you guarantee the cash component of any deal is delivered in conjunction with BTC release? Does this rely on the honesty of traders admitting to having received cash transfers?

How will you resolve disputes if/when dishonest btc sellers do not acknowledge receipt of buyer funds, and subsequently request return of btc from escrow?

Do you plan any voluntary or enforced policy for vetting/verifying the identities of participants to help prevent fraud?

Re-reading my post it seems overtly negative, it was not initially intended as such, but I guess these are fundamental issues.

surely, we have thought about all those issues and how to prevent fraud...

First of all, accounts will be verified. 2nd, we will in the start work on SEPA payments, so it is easily to get it proved with screenshot or notarized bank statesment, that payment was done. All those things are standard in EU banking system.

For personal meeting and exchange of money personally, we have thought about prepare contract to be printed from website /2 copies, one for each side of transaction/ with user identification and signed.

I think this is the best we can do to prevent and protect from any possible fraud.

Super T

full member

Activity: 124

Merit: 100

Hi,

Please excuse what is probably a naive question, but how is this different to Localbitcoins?

I don't see how you are performing the role of a secure escrow service, since you are not handling or able to guarantee the transfer of the fiat currency component of any deal - am i missing something? Does the escrow only protect the fiat-receiver in any deal? How do you guarantee the cash component of any deal is delivered in conjunction with BTC release? Does this rely on the honesty of traders admitting to having received cash transfers?

How will you resolve disputes if/when dishonest btc sellers do not acknowledge receipt of buyer funds, and subsequently request return of btc from escrow?

Do you plan any voluntary or enforced policy for vetting/verifying the identities of participants to help prevent fraud?

Re-reading my post it seems overtly negative, it was not initially intended as such, but I guess these are fundamental issues.

forensick

sr. member

Activity: 376

Merit: 250

Quote from: KS on August 11, 2013, 10:23:52 AM

Quote from: forensick on August 10, 2013, 10:10:12 AM

Quote from: tucenaber on August 10, 2013, 06:35:38 AM

A quick search for "The bitcoin company" gives this https://bitcointalksearch.org/topic/the-bitcoin-company-bitcoin-card-and-my-correspondence-w-them-via-email-255873 which leads to https://bitcointalksearch.org/topic/searching-for-investors-the-bitcoin-company-189119
I guess I'll pass on this one.

50% of system shares are held by investors. We have to pay the costs from the remaining 50% of income. So, the investors get paid always, even the company is in a loss. It is highly probable, that we will be several weeks or months in the red numbers. Our dividend system is not based on a profit, but on revenue.

About those topics... Markus is not so good in English, like you are probably not so good in French or German. And he is mostly into technical stuff, not financial. So sometimes it is pretty hard for those technical people to stay the course with investors, especially when it is in foreign language. That mistake will never happen again, I will speak about financial and investments. English is not my native language as well, so probably I will do some mistakes from time to time. It doesn´t mean that non-native English speakers are scammers. Are there any scammed user of bitcoin card? I guess no, but it is a habit to make everybody scammer or liar on this /and other/ forum. On the other side, like an investor I understand it, as I hate to be scammed too. So there is still a place for tought questions and doubts. Never fall in love with any share or business.

What happened to "The Bitcoin Company" since its launch? Could you please provide some proof of legitimacy?

http://www.societe.com/societe/deal-du-jour-531563682.html

The bitcoin company will be changed from DEAL DU JOUR next week, anyway, company exists from 2011, VAT number: FR00531563682

http://thebitcoincompany.co.uk/index.php/contact-us same details you can find here.

KS

sr. member

Activity: 448

Merit: 250

Quote from: forensick on August 10, 2013, 10:10:12 AM

Quote from: tucenaber on August 10, 2013, 06:35:38 AM

A quick search for "The bitcoin company" gives this https://bitcointalksearch.org/topic/the-bitcoin-company-bitcoin-card-and-my-correspondence-w-them-via-email-255873 which leads to https://bitcointalksearch.org/topic/searching-for-investors-the-bitcoin-company-189119
I guess I'll pass on this one.

50% of system shares are held by investors. We have to pay the costs from the remaining 50% of income. So, the investors get paid always, even the company is in a loss. It is highly probable, that we will be several weeks or months in the red numbers. Our dividend system is not based on a profit, but on revenue.

About those topics... Markus is not so good in English, like you are probably not so good in French or German. And he is mostly into technical stuff, not financial. So sometimes it is pretty hard for those technical people to stay the course with investors, especially when it is in foreign language. That mistake will never happen again, I will speak about financial and investments. English is not my native language as well, so probably I will do some mistakes from time to time. It doesn´t mean that non-native English speakers are scammers. Are there any scammed user of bitcoin card? I guess no, but it is a habit to make everybody scammer or liar on this /and other/ forum. On the other side, like an investor I understand it, as I hate to be scammed too. So there is still a place for tought questions and doubts. Never fall in love with any share or business.

What happened to "The Bitcoin Company" since its launch? Could you please provide some proof of legitimacy?

forensick

sr. member

Activity: 376

Merit: 250

Quote from: Deafboy on August 11, 2013, 09:17:41 AM

Get rid of the .com domain name. Domain of one of you competitors was stolen by the US agency as part of war against Liberty Reserve. Use .sk, SK-NIC is so incompetent that stealing of that would take years Cheesy

we have other domains as well, like .sk, .ru etc. just need to use this like a proxy, main domain is bitcoinbourse.eu. And we are not in any money transmitter business either, we don´t plan to make any fiat to btc and back payments... this is an escrow model. I know the story of libery reserve very well Cheesy

wrote a blog about it back in May
http://blog.etrend.sk/martin-belobrad/2013/05/29/the-domain-name-has-been-seized/

Topic: [BITCOINBOURSE.EU/BICOINBURZA.COM] IPO SYSTEM SHARES (Read 5148 times)