You Are Close, but there are an infinite number of details. But let's set down the basic frame work so it's easy to understand for everyone reading this.
My name is Rob Chamberlain by the way, you can find my profile on Linked In (here:
http://www.linkedin.com/in/mrrobchamberlain ). One of my friends informed me he started a thread here, and that it was getting responded to. Something he had not counted on happening right away, as I was going to actually start this thread next week - but it never hurts to be early!
So, I have numerous degrees in various fields of study, not the least of which is Anthropology, Sociology, Law, and Economics (yes, I am educated). But what does this mean? Well first it means I have a good grasp and good understand of people, money, economics, legal aspects of money and use by the people of common units of value, these units today being the standard paper money (or Fiat Currency) that we see around us.
But you see, this is not about us. It's not about investing. It's about you. And about helping you save and give you the tools to actually get ahead. A way to save earnings or incomes, and to let them grow under a managed Plan. What you do is entirely up to you. What we do is not so much up for debate.
Do we invest YOUR MONEY - ABSOLUTELY NOT. We Do Not Touch One Red Penny! EVER! We charge, as there is obviously a need for a fee structure, and THAT MONEY, the fees that we collect WE use to INVEST in things OF VALUE.
You see - we do not lend. We do not offer loans. We offer no credit. We do not lend your money out, or use your money. And that's ONE HUGE Difference.
What this turns into then is 2 groups working for 1 goal. You want things of value (earnings preservation), so you can buy and save for what you would like to have. We want you to do that. And we want to pay you to do that! JUST LIKE THE BANKS SHOULD BE DOING RIGHT NOW but are not.
So, let's give a very small example of how it works (at this point as we'd like community input so we can develop a system that is fair for all of us! You see - We are at equal Risk). The risk is shared this way: 1) We Put Up our Assets to start the Bank, which we have done - so far there are $100'000.00 in Cold Hard Assets, including land, and commodities, and other such thigns - BUT WE OWN IT OUTRIGHT. It's FULLY Paid. This provides us the ability to do what many banks cannot. We can guarantee your deposits against loss - without charging you through RIDICULOUS rates and monthly service fees.
Also, we make money from transactions. Right now we are thinking of this kind of setup:
1) An application fee of between 0.05 BTC (Approximately $5.00 US).
2) No Other Fees - Except 1 Flat Rate Withdrawl fee of between 1.99% and 2.99% (we're actually coming together on a rate of 2.25% - IS THAT FAIR FOLKS? What do YOU think?!)
So, then from those fees we make investments for This Bank that we run, which earns us money on the FEES we have invested. So you see - your money is safe. Secure. And under your control. Fully payable at any time you want it (so far we have estimated with anonymous transactions that withdrawl will take about 1-2 days, due to the secrecy of such a transaction, and that most Identified Persons Transactions should complete in about 24 to 36 Hours).
Now - you have an account. You have made a little deposit, say 0.5 BTC. For the first 6 Mohths you earn No Interest. This is what we call the Incubation Period. Then from month 6 to 12 you will earn 1% on your averaged daily balance. And, ON THE ANNIVERSARY of your account, the First Full Year, so day 366, you start earning Our Standard Interest Rate of 4.0% Per Year, on EVERYTHING you Save. Forever, or until you close your account.
We're still working out details and technicalities, but I really hope this has helped - and please feel free to ask any questions. I have updated the email and website address on this profile to redirect you to BGMCO (the Business Guidance and Management Company) which houses the project.
Our name will be changing to: BITCoin Global Currency and Money Outfitters, and has already be registered.
Thanks for questions and comments!