Topic: Hi! BitCoin Fully Decentralized Hard Asset Backed Bank! - page 7. (Read 6044 times)

But, what you fail to see, for sake of the fact that you cannot see it - is HOW MUCH support we Have gotten away from this forum by email.

And just because the address used for This Forum is not generating donations, does not mean our other ones are not, and they Are. The address is simply there so when a donation arrives we know where it came from.

Thank you again for your contribution!

Meanwhile we can easily see how much support your ideas are getting from a forum full of true forward thinkers and revolutionaries:

http://blockchain.info/address/13cLbzJwSzSFGLDguTtk5xvYUBasmqVAie

Your guess would be correct.

The North American responses are exactly in line with those projected. We have thrown a pebble in to a pond, and have already reaped great rewards from it; the information contained just in this thread, to anyone who DOES know about Business, Economics, and Money, would clearly be able to see what is being presented.

Perhaps you should go back to Harvard, or Wall Street, or your government job, and continue doing things YOUR way. We will keep doing things OUR Way.

Your continued participation is appreciated! We look forward to your future posts and entertaining presentations.

I have spent two years learning everything there is to know about Bitcoins from the lowest level mathematics of the elliptical curve cryptography used to the broad arguments concerning how to measure money supply in a Bitcoin economy.

I started buying Bitcoins when they were less than $2 a piece and they are now poised to soon be worth $150 a piece.

I have made many mistakes along the way, losing half of my Bitcoins to a pirate and lending money to deadbeats.  I have created and sold Bitcoin based businesses including  Bitcoin financial instruments and Bitcoin stocks and bonds.  I am currently involved as an investor in a few interesting Bitcoin business ventures.

You have been here for less than one day!  You know nothing about Bitcoins and even less about who you are talking to, what is going on here, and the bigger picture and yet you say something like:


Which just proves you are an overeducated know nothing wind bag.

As I have suggested several times you really need to go visit the various sections of this forum, read a few threads and then find out how little you know about what money is, how it works, and what Bitcoin is.

Since you just spouted off about it I think you might like the economics sub forum.  There are hundreds of pages of brilliant and not so brilliant musings on the “laws of socio-dynamics, socio-economics, macro-, and micro- economics, to name just a few” and how they can be applied (or not applied) to Bitcoin.

Are you the type of person who would barge into a room full of engineers and business executives who had been working on a business enterprise for several years and immediatly proceed to tell them exactly how they should do things?

I guess you are.

Thanks for your continued participation, your comments and feedbacks are definitely entertaining!

We look forward to your future contributions!

Even those who do invest in fiat are not going to give to a failed soap salesman to do it for us.

What you fail to realise laffenlarry is that you're a nobody. You have zero experience of running a bank. You are a one-man band begging for money on the internet. No-one here cares. Go away.

Interesting premise but flawed -for, something without value cannot hold value.

What you are proposing - is rather Utopian, and outside the laws of socio-dynamics, socio-economics, macro-, and micro- economics, to name just a few. However, by all means, you may put keep your money as you see fit; after all, the choice is and will always be up to you, as an individual.

We are here for people who can see the value. Those who see no use for our service shall obviously not be using it.

Thanks for your participation!

http://www.youtube.com/watch?feature=player_detailpage&v=UTQpAUUmGno#t=1378s

I have a much easier explaination for you:

This is the Bitcoin forum.  Take the time to browse through some of the threads here.  Most people here hate to invest in or be invested in fiat.

Most of the people on this forum are long Bitcoin - this means that they believe that over time the price of BTC is going to go up, a lot.  Or in other words the value of the dollar (and all other fiat toilet paper) is going to go down.

People that are long Bitcoin (believe the price is going to continue to rise) are not interested in putting Bitcoins into a "bank" or anything where we will most certainly get back less Bitcoins than we put in.

That is why people are not interested.

Give us a scenario where we put in BTC and after a time get back more BTC.  Then you might get our attention.

scam?   

Thanks for your vote of confidence! We're working hard to get things up and running!

Thanks for your comment, however you are assuming we are using Your Known Methods. We are not. We are using OUR Methods.

We value everyone's opinion! Thanks for participating.

To me, this smells fishy.
Why? Well, your capitalization is all wrong.
Examples:

Hi! BitCoin Fully Decentralized Hard Asset Backed Bank! > Hi! Bitcoin fully decentralized hard asset backed bank!
The No Public Interest Part is incredibly easy to explain. > The "No public interest" part is incredibly easy to explain.
1) It's New > 1) It's new

No businesses that I know type in ALL CAPS.
ALL CAPS > all caps

And, as mentioned, businesses do not ask for donations.
People like me do  1whiskD55W4mRtyFYe92bN4jbsBh1sZut

Bravo, it's time we all act on this and make it happen.

The No Public Interest Part is incredibly easy to explain.

1) It's New, and seems 'fantastical' this is hard to 'immediately adjust to' without some reflection and consideration; this cannot happen in the span of 12 hours, nor even 48 hours. It's what we see next week, and the week after that counts.

2) No support is because people do not yet have confidence in the idea, for themselves. They have not seen it operating, and have not been involved with it, beyond these forum entries, so will not immediately participate - this will self correct over time, either by direct "off forum" contacts, or by trickle donations, or by admission to a realm of 'neutrality' for open debate, once the fog starts to clear in people's minds.

3) New Things, especailly ones that invlove currency/money are always delicate. Especially in turbulant economic times. The repsonse we are getting with no donations is with the pre-determined parameters for this survey cycle.

4) Nothing changes over night - and it has only been one night that we have been talking about this.

5) And Finally - Because of apprehension against he banking system and the state of world financial affairs, this can lead to people thinking everyone is out just to make a quick buck. But that too in time will fade, and the clarity of thought will begin to set in - over what's actually in front of everyone's eyes.

Just like Bitcoin Itself. New. But now used. And, gaining acceptance daily because of "talking about it" and "discussing it" thereby leading to clarity, and a clear purpose or vision for use of it.

Simple really.

Thought I'd jsut pop that in here in case other's are wondering as well.

Thanks again for your participation!

Yes, there is an internal liquidation cycling mechanism. A reserve of BTC is held in liquidable form (ie on exchanges), a reserve is held in hard assets, and a reserve is held by which we run through a full liquidation process to avert risk exposures during the process.

Like a grain of rice on the scale, the system must be maintained in a balanced format. But after it has amassed enough weight to maintain a neutral equilibrium it is always self righting, and self correcting, using real world price marking to calibrate the foundations and structures for the operations, en masse.

And yes, you put BTC in, to make a 'purchase' so we can make a recordation to our internal units of conversion and exchange, and when you draw off the ledger it is like 'liquidating your interest' in that particular ledger value; payable IN BITCoins, the equivalency of which is equal to that of the The Then Market Currency Value. What you do with the Bitcoins when you receive them back in your wallet is entirely up to you and under your full control and pervue.

Thanks for your question!

http://blockchain.info/address/13cLbzJwSzSFGLDguTtk5xvYUBasmqVAie

Do you have any idea why there is no public interest yet?  

I have thought a lot about your idea.  I am going to consider your entire system a "black box".  I know nothing about how it works internally but I do know that I put BTC in and I get BTC out, right?

You may not know this but the price of BTC is very volatile.

In this example I deposit 100 BTC in your "bank" and tie it to the USD internally by choice.  Now internally you either hold the BTC or you sell them for USD on the market right away.  You must do one or the other.  Assume you hold the BTC and at the time I deposit the coins the price is $200 per BTC.  So I have $20,000 on deposit, right?   I come back a few months later and ask for my $20,000 back.  But assume the price has dropped to only $100 per BTC!  In order to get me my $20,000 you will need to give me 200 BTC but you only have 100!  You will need to go buy 100 more BTC in order to pay me back my $20,000 you own me.  This will cost you $10,000 right out of your profits!

So I conclude that in order for your system to work you will need to sell the BTC as soon as you get them - or you might go out of business very quick.

Therefore you will need to hold accounts with every kind of fiat money that you allow people to choose.

Nah, not gonna give you donations. I want shares and dividends.
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We are always open to offers.

Please present Blind Buy In Proposals for review and consideration to: [email protected] or to [email protected] .

Successful prospective investors will be contacted for further discussion.

Thank you for your interest!
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I will help you out. What you want to do is put your company up on the cryptostocks website. They list various companies just like yours including a bank similar to yours. https://cryptostocks.com/

List your company up there, slowly over time provide enough details to earn our faith and maybe I'll invest a Bitcoin. Donations though? That makes people think it's a scam if you're a commercial business and privately run but you want donations instead of investments.

If our community supports you then we should own shares and we should have influence.
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That's a great suggestion! And thank you very much for it!  Once we have formalized and finalized our testing to ensure full integrity we will definitely see how we can work www.cryptostocks.com into the project. We will have to take some time to review it to ensure we can fully appreciate such a pre-launch platform.

Donations were chosen to judge "public interest"; part of the social analysis that I conduct to find out how to best integrate the concepts for public dissemination. It is a general rule that those who are interested in something will contribute towards it - we left no stated amount so that individuals could choose of their own free will and of thier own accord to what amount to contribute.

A small amount may suggest "a little interest" once seen in teh block chain that a donation has occurred this could lead to a) additional sympathetic donations from the 'encompassed' community from which the donation came from (for exampel from this thread); or in the case of no donations being received we ALSO LEARN that there is 'apprehension and a sense of discomfort'; these are Very Important questions to answer in order to be able to position and place the service well in the market for maximum exposure potential to the required or sought after target groups.

{There, now everyone also has a little insight into the project, and how are you actually helping us make things better for our structures, simply by participating here! So thank you all again so much - it's amazingly valueable to us!}

I hope this provides a little clarity as to cause for certain methodology being applied.

Thanks for your participation!