Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 160. (Read 658701 times)

There will be additional revenue streams in the future, but yeah, I think you have a good understanding.

Finally back in the Cypriot sunshine!



Myself and the directors of Pittas & Valerkos Software, also a link to the conference that I am proud to be speaking about Bitcoin and Neo & Bee at here in Cyprus;

http://www.ciim.ac.cy/news-events/entry/innovations-in-the-financial-services-industry.html

So if I understand this right, this is their plan.

Accept euro deposits for euro-based account, the euro will be used to purchase btc, this btc will back the person's euro account. They will maintain the same amount of euros but btc will be added or subtracted depending on market value to keep the euro amount the same. These people will have an account in euros but have the benefit of using the bitcoin network for transfers and such. So far so good this will bring a huge benefit to the customer in that their accounts can not be seized or otherwise appropriated by any government, (big deal with cypriots right now I think this alone will attract attention) They should also see benefits in faster transaction times, low fees and such.

Offer a wallet service for btc holders. Generate revenue from fees for related services. Customers will have the benefit of using their btc with the bee payment service at associated retailers. Buy and sell btc to customers as well with this service. Revenue generated there as well.



In the event of a dip in btc prices, euro pegged account will be balanced with btc generated from three sources, revenue generated, btc gained during IPO, and btc gained from pegged accounts while btc market rate is rising.

Now if bitcoin seriously crashes and doesn't recover long term, this business will fail eventually. But how could anyone blame NEO BEE for that? If bitcoin fails no btc business will survive. If you are buying btc or btc securities you are already betting btc will succeed. If I understand their business model correctly they have safeguards against normal volitality. So basically the question is do you think btc will succeed? And if btc continues the uptrend this business will be very profitable as long as it is managed properly.



Overall I think this will be huge. Cypriots are begging for another option. They don't trust the major banks there and with good reason. The next round of bankster deposit grabs is coming soon and Cypriots are looking for anyway they can to get there money out of mainstream bank and back in their control.
That's why bitcoin is already so big there. I think this really will bring plenty of customers with the wallet service and euro-pegged accounts. I will be watching things develop closely but I think NEO BEE has a great opportunity here and if they manage it correctly it will be massive.

If I'm not understanding your business model please correct me. I look forward to updates on progress Thanks!

Good news as always! Be sure to share that video!

thanks man

Migrations for BTCT shareholders are still in the works. Your shares are safe and all accounts are backed up and stored independently.

Part of the delay is due to Danny, myself, and his team having already scheduled travel and meetings for Neo in conflict with BTCT's closing. I am in Cyprus now. Meeting all of the partners and seeing the offices has been an impressive and surreal experience so far.

I have the video of Danny speaking at the conference, which I'll post when I have some downtime. Meeting with the software team now...

Talked to a person who was filming the event:
http://www.reddit.com/r/Bitcoin/comments/1n0vay/any_questions_to_any_of_the_speakers_in_the/

Sent me this response this morning:

Any news on the TaT transfer to Havelock?

Hi , you promised to show us a  video from Amsterdam, with you in participating in it , when will you post it ?

Nice, thanks for sharing.

I haven't seen this interview posted yet, so here it is :http://letstalkbitcoin.com/speculative/#.UjyI1cashLc

Soon = Q2 2014 I agree!

I predict more like Q2 2014? Won't be so soon. Unless something big like the previous Cyprus bailouts happen.

SecondMarket BIT + NeoBee projects are enough to push the price x10 soon IMHO...

That was already addressed.

My main problem with NEOBEE is not bitcoin fluctuation directly,but but with the optimistic projections how many people will trust them with there money in relatively short period of time. Because there is considerable cost to run the business,they don't have much time to prove  
that the business is sound.
My second biggest concern is regulation.There is graveyard of bitcoin companies who in the time of there lunch did comply with regulations but was not able to keep up as the regulators reacted on presence of new element and try to protect legacy businesses and there constituents.  

I believe there are contingencies in place for bubbles, because they are going to happen again!

Not really - Bitcoin had several crashes (2 big and many smaller) that did not kill it. Though a big crash could kill NeoBee (bank run etc) provided that the counter measures are not sufficient as stated.

As with anything that finds a price based on supply and demand, one could argue that those existing businesses would receive less BTC income if less people are using BTC. Which is the case when demand drops the price follows suit.

Not true.

If you compare to most other Bitcoin ventures, their businesses earn Bitcoins irrespective of what the BTC price is (although some have a small cost element in Fiat), this includes miners, gambling sites, ASIC manufacturers etc. A halving in BTC price barely affects these businesses. If Bitcoin falls you simply hold their earnings in Bitcoin and wait for it to go back up again. They do not fail as businesses.

If Bitcoin falls Neo falls and goes bust - very different outcome.