I do, and the price we offer will reflect such. It lacks brand awareness how many people had heard of this exchange before today?
Distressed business can be turned around and made to be profitable, it just needs some work. I am willing to put in that work.
Topic: CRYPTNEY- Bringing Crypto Currency to the Masses! - page 2. (Read 3165 times)
It would function as is, until we can build up momentum. Focusing on alt-coins that are pre-vetted for code security and owner fraud.
It will also take time to get the system in place to take the stored value cards, it will take a direct plug into the exchange to activate the stored value.
If we were to build a exchange from scratch it would have to be PCI compliant, with this one already having bank level security it would be another cost not incurred.
No but that's what the MSB is for take CoinRNR for example
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
This was addressed already lol
I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential.
I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future.
While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange.
The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts.
Bex.io wants 25k liquid and they take 50% off all profit
.
Don't get me wrong, you help out this community a lot with keeping security operators in line, but that line right there made me cringe. Your not shark tanking anything, your litterly funding something that might happen exclusively with other people's money, thats not being shark tanked, thats you getting a 10BTC for free (Putting in effort to grow value of the business, which in turn grows your 10BTC share).
Here is the biggest reason this will fail:
Most people have no clue what bitcoin is. Not to mention dogecoin, methcoin, potcoin or other coins that frankly the public will never be interested in owning. Infact, methcoin / potcoin and other shitcoins make people not want to purchase bitcoin. Realistically, bitcoin, litecoin and other investor / customer friendly coins are the only ones that succeed. You won't be able to take this mainstream.
Even more realistically:
Even the most successful IPO's in cryptoworld don't sell out. You will be lucky to sell even 30%-40% of the 100k shares for sale. Your marketing budget will quickly be eaten, leaving a small operating budget as the revenue of this site is currently 0, with a small daily volume.
I wish you the best of luck, but I can't see this working
Its bringing it to the masses but targeted the average user. Want to see a segment not serviced? Look at local bitcoins and see how many people you will find that sell 25$ or 50$ dollars in coins.
The simple matter is if you can only buy bitcoin in large amounts at a time it creates resistance in the market place. Its all about finding the least path of resistance in the market place.
It will also take time to get the system in place to take the stored value cards, it will take a direct plug into the exchange to activate the stored value.
If we were to build a exchange from scratch it would have to be PCI compliant, with this one already having bank level security it would be another cost not incurred.
Except you can't umbrella under their license for WU/ACH etc.
No but that's what the MSB is for take CoinRNR for example
Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential.
I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future.
While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange.
The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts.
Bex.io wants 25k liquid and they take 50% off all profit
.Don't get me wrong, you help out this community a lot with keeping security operators in line, but that line right there made me cringe. Your not shark tanking anything, your litterly funding something that might happen exclusively with other people's money, thats not being shark tanked, thats you getting a 10BTC for free (Putting in effort to grow value of the business, which in turn grows your 10BTC share).
Here is the biggest reason this will fail:
Most people have no clue what bitcoin is. Not to mention dogecoin, methcoin, potcoin or other coins that frankly the public will never be interested in owning. Infact, methcoin / potcoin and other shitcoins make people not want to purchase bitcoin. Realistically, bitcoin, litecoin and other investor / customer friendly coins are the only ones that succeed. You won't be able to take this mainstream.
Even more realistically:
Even the most successful IPO's in cryptoworld don't sell out. You will be lucky to sell even 30%-40% of the 100k shares for sale. Your marketing budget will quickly be eaten, leaving a small operating budget as the revenue of this site is currently 0, with a small daily volume.
I wish you the best of luck, but I can't see this working
Its bringing it to the masses but targeted the average user. Want to see a segment not serviced? Look at local bitcoins and see how many people you will find that sell 25$ or 50$ dollars in coins.
The simple matter is if you can only buy bitcoin in large amounts at a time it creates resistance in the market place. Its all about finding the least path of resistance in the market place.
You do realize, that this site is currently operating at a loss? Even if they charged fees, the expenses are 5x what the income would be. Its ridiculous
Do you have a web link for them? I can not find anything on them.
A better question would be "how can I get around this" and that is something I can help with.
Well speak up.
He is probably going to suggest to use cryptofinance to handle fiat.
I do no think the company will offer this service for cheap and they may not be able to deliver what they promise.
No upfront capital required
If you are on my investors mailing list this is the email number. Please cross check.
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Private investor email #134252
To confirm email please match numbers.
Private investor email #134252
A better question would be "how can I get around this" and that is something I can help with.
Well speak up.
He is probably going to suggest to use cryptofinance to handle fiat.
I do no think the company will offer this service for cheap and they may not be able to deliver what they promise.
A better question would be "how can I get around this" and that is something I can help with.
Well speak up.
A better question would be "how can I get around this" and that is something I can help with.
http://paymentsviews.com/2012/08/13/so-you-want-to-start-a-payments-company/
There you go, you are talking millions of dollars thanks to the bonds.
There you go, you are talking millions of dollars thanks to the bonds.
Its not a payment company...
This would be the stored value card company
A “Money Transmitter” is defined as “Any person … who engages as a business in accepting currency, or funds denominated in currency, and transmits the currency and funds, or the value of the currency and funds, by any means…” or “any other business engaged as a business in the transfer of funds”. Although this is as all-encompassing a definition as one can imagine, there are some exceptions: (i) transmission of funds where the transfer is incidental to a transaction for goods or services (other than money transmission) for which the money is paying; (ii) providing delivery, communication, or network access services to a money transmitter to support money transmission activities; and (iii) processing payments through a clearance and settlement system by agreement with a seller or creditor for purchase of, or payment of a bill for, a good or service. -
No. But you are a money transmitter.
Doesn't matter how you receive the funds, if you are allowing cashout via ACH/WU you are transmitting funds.
http://paymentsviews.com/2012/08/13/so-you-want-to-start-a-payments-company/
There you go, you are talking millions of dollars thanks to the bonds.
There you go, you are talking millions of dollars thanks to the bonds.
Its not a payment company...
This would be the stored value card company
A “Money Transmitter” is defined as “Any person … who engages as a business in accepting currency, or funds denominated in currency, and transmits the currency and funds, or the value of the currency and funds, by any means…” or “any other business engaged as a business in the transfer of funds”. Although this is as all-encompassing a definition as one can imagine, there are some exceptions: (i) transmission of funds where the transfer is incidental to a transaction for goods or services (other than money transmission) for which the money is paying; (ii) providing delivery, communication, or network access services to a money transmitter to support money transmission activities; and (iii) processing payments through a clearance and settlement system by agreement with a seller or creditor for purchase of, or payment of a bill for, a good or service. -
It would function as is, until we can build up momentum. Focusing on alt-coins that are pre-vetted for code security and owner fraud.
It will also take time to get the system in place to take the stored value cards, it will take a direct plug into the exchange to activate the stored value.
If we were to build a exchange from scratch it would have to be PCI compliant, with this one already having bank level security it would be another cost not incurred.
No but that's what the MSB is for take CoinRNR for example
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
This was addressed already lol
I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential.
I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future.
While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange.
The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts.
Bex.io wants 25k liquid and they take 50% off all profit.
Don't get me wrong, you help out this community a lot with keeping security operators in line, but that line right there made me cringe. Your not shark tanking anything, your litterly funding something that might happen exclusively with other people's money, thats not being shark tanked, thats you getting a 10BTC for free (Putting in effort to grow value of the business, which in turn grows your 10BTC share).
Here is the biggest reason this will fail:
Most people have no clue what bitcoin is. Not to mention dogecoin, methcoin, potcoin or other coins that frankly the public will never be interested in owning. Infact, methcoin / potcoin and other shitcoins make people not want to purchase bitcoin. Realistically, bitcoin, litecoin and other investor / customer friendly coins are the only ones that succeed. You won't be able to take this mainstream.
Even more realistically:
Even the most successful IPO's in cryptoworld don't sell out. You will be lucky to sell even 30%-40% of the 100k shares for sale. Your marketing budget will quickly be eaten, leaving a small operating budget as the revenue of this site is currently 0, with a small daily volume.
I wish you the best of luck, but I can't see this working
Its bringing it to the masses but targeted the average user. Want to see a segment not serviced? Look at local bitcoins and see how many people you will find that sell 25$ or 50$ dollars in coins.
The simple matter is if you can only buy bitcoin in large amounts at a time it creates resistance in the market place. Its all about finding the least path of resistance in the market place.
It will also take time to get the system in place to take the stored value cards, it will take a direct plug into the exchange to activate the stored value.
If we were to build a exchange from scratch it would have to be PCI compliant, with this one already having bank level security it would be another cost not incurred.
Except you can't umbrella under their license for WU/ACH etc.
No but that's what the MSB is for take CoinRNR for example
Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential.
I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future.
While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange.
The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts.
Bex.io wants 25k liquid and they take 50% off all profit
.Don't get me wrong, you help out this community a lot with keeping security operators in line, but that line right there made me cringe. Your not shark tanking anything, your litterly funding something that might happen exclusively with other people's money, thats not being shark tanked, thats you getting a 10BTC for free (Putting in effort to grow value of the business, which in turn grows your 10BTC share).
Here is the biggest reason this will fail:
Most people have no clue what bitcoin is. Not to mention dogecoin, methcoin, potcoin or other coins that frankly the public will never be interested in owning. Infact, methcoin / potcoin and other shitcoins make people not want to purchase bitcoin. Realistically, bitcoin, litecoin and other investor / customer friendly coins are the only ones that succeed. You won't be able to take this mainstream.
Even more realistically:
Even the most successful IPO's in cryptoworld don't sell out. You will be lucky to sell even 30%-40% of the 100k shares for sale. Your marketing budget will quickly be eaten, leaving a small operating budget as the revenue of this site is currently 0, with a small daily volume.
I wish you the best of luck, but I can't see this working
Its bringing it to the masses but targeted the average user. Want to see a segment not serviced? Look at local bitcoins and see how many people you will find that sell 25$ or 50$ dollars in coins.
The simple matter is if you can only buy bitcoin in large amounts at a time it creates resistance in the market place. Its all about finding the least path of resistance in the market place.
http://paymentsviews.com/2012/08/13/so-you-want-to-start-a-payments-company/
There you go, you are talking millions of dollars thanks to the bonds.
There you go, you are talking millions of dollars thanks to the bonds.
Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential.
I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future.
While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange.
The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts.
Bex.io wants 25k liquid and they take 50% off all profit
.Don't get me wrong, you help out this community a lot with keeping security operators in line, but that line right there made me cringe. Your not shark tanking anything, your litterly funding something that might happen exclusively with other people's money, thats not being shark tanked, thats you getting a 10BTC for free (Putting in effort to grow value of the business, which in turn grows your 10BTC share).
Here is the biggest reason this will fail:
Most people have no clue what bitcoin is. Not to mention dogecoin, methcoin, potcoin or other coins that frankly the public will never be interested in owning. Infact, methcoin / potcoin and other shitcoins make people not want to purchase bitcoin. Realistically, bitcoin, litecoin and other investor / customer friendly coins are the only ones that succeed. You won't be able to take this mainstream.
Even more realistically:
Even the most successful IPO's in cryptoworld don't sell out. You will be lucky to sell even 30%-40% of the 100k shares for sale. Your marketing budget will quickly be eaten, leaving a small operating budget as the revenue of this site is currently 0, with a small daily volume.
I wish you the best of luck, but I can't see this working
Except you can't umbrella under their license for WU/ACH etc.
Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential.
I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future.
While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange.
The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts.
Bex.io wants 25k liquid and they take 50% off all profit
.It is financially impractical to handle fiat as a start up. Easier to start from an alt coin exchange to slowly work up from there.
Gov Regulation compliance.
You'll need more money for that one...
MSB is free
http://www.fincen.gov/financial_institutions/msb/
What will cost will be KYC/AML integration, I do not see a large overhead for this.
We are using a pre-licensed Money Transmitter to do the stored value cards, so we will umbrella under his license on that aspect.
Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
Just trying to find a good deal like what you are doing here. No need to get personal.
Wasn't directed at you, was directed at RiverboatBTC
Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
Just trying to find a good deal like what you are doing here. No need to get personal.
Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.
Also, since you publish reports on people, can we see the report on YOU?
I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential.
I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future.
While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange.
The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts.
Bex.io wants 25k liquid and they take 50% off all profit
. Gov Regulation compliance.
You'll need more money for that one...
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