Topic: [BitFunder] Bitcoin Pride - Bitcoin Shirts - page 9. (Read 16778 times)

Dividends will be paid out based on monthly PROFIT. This is irrespective to the exchange rate which is what I think you are referring to. If there is an apparent Bitcoin crash, we will obviously balance out our USD reserves so that our company isn't harmed by such a cataclysmic event.

I myself am a Bitcoin daytrader, and work with Bitcoin 12-18 hours a day. I watch out for big movements or trends, and make sure this never happens to us.

Edit: Expanding on your edit:

We are going to do some serious upgrades on the site. We want to bring in thousands of new original products into our catalog.

We seek to expand our brand by adding:

More clothing: Hoodies, polos, long sleeve shirts , tank tops,active wear, and pajamas.
Office supplies: Staplers, pens, pencils, erasers, chalk erasers, folders, notebooks, and much more.
Electronics: Cell phone covers, phone sleeves, mouse pads, keyboard pads, laptop cases,control remote sleeves, ear bud holders, and more.
General home. Refrigerator magnets, oven mittens, spoons, forks, curtains, seat covers, placemats, and much more.

And much much more...

This brings the question. Will dividends be paid based on cash sales or monthly stored BTC. Making either profit from deflation spread or 1 man cash in.

Also, I understand this is not a equity shares but royalty shares, but it might help to know what the IPO is for besides "support"?

25% of the shares sold in the time it took me to take a shower, good job

Hello ThickAsThieves,

Thanks for your question.

Currently we convert all the USD we make into BTC cold storage daily. We keep a small USD balance in order to cover real world necessities.

How will you handle that you accept both BTC and fiat? Does one currency get converted to other daily, monthly, or?

I was joking, Vegeta. 

Odd it's showing in 1st place for me.

It must be a regional thing, google is known for swapping 1st place based on demos and region.

In any case I will fix that in the details.

P.S We're no scam btw, I have been a member of this community for 2+ years, and I have been selling shirts under the Bitcoin Pride brand for 6 months now.

 

Scam accusation started.

Bitcoin Pride will be represented as BitPride on BitFunder.

http://bitcoinpride.com

What is Bitcoin Pride?

Bitcoin Pride is the premier Bitcoin shirt marketplace. We offer the largest collection of Bitcoin graphical T-Shirts for all occasions.

We are constantly expanding our marketplace, and building a solid fan base in the process. We currently own store fronts on eBay, Cafepress, and soon Amazon.

All of the designs are ours, and ours alone, and are trademarked property of BitcoinPride.com.

Google for 'bitcoin shirt', we currently fluctuate between 1st and 3rd place.

Virtual Shares at BitPride

BitPride is comprised of 50,000,000 virtual shares in total.

One (1) virtual "share" of BitPride on BitFunder represents 1/50,000,000th of monthly profits after all costs.

Virtual shares issued via BitFunder do not represent equity ownership in any real-world business entity.

The virtual shares are solely a distribution mechanism for rights to profits.

Should the company be sold, the full amount of the purchase price will be evenly distributed amongst the 50,000,000 virtual shares.

BitPride virtual shares offer no voting rights.

Virtual Dividends

Virtual dividends will be paid MONTHLY for the prior months net profit.

Forced BuyBack

No forced buyback may be enforced for shares of BitPride.

About the Operators

Bitcoin Pride was started by Brian "FlipPro" Santos. Brian also maintains UpTweet the next generation retweet site. Brian is also well known as an outstanding member and COO of the Bitcoin Business Alliance http://bitcoinbusinessalliance.com.

Bitpride is compromised of a small team of designers, programmers, and marketeers who make it the gem everyone has come to know and love.

Bitcoin Pride was created to support the bitcoin community. We feel that profit sharing helps to bring the community together and make a stronger foundation to help support Bitcoin world-wide. Help us help Bitcoin succeed! You CAN make a difference.

**Last Modified 8/8/2013**