Topic: New Economy for the Bitcoin Community (Read 2355 times)

Welp, another fizzler
Pumped all wrong.  Blew all their coin right out of the gate, wasn't enough, and now the whole thing's stalled.
Just like the HIF IPO.
This sort of thing used to be funny.  Now?  Just sad.

Seventh Continent CEO:
"You probably use more complicated platforms with ease and prefer sophisticated economy simulations which stimulate your business acumen, but think one minute about the others too who would be lost in sophistication..."

zimmah: "Why thank you sir, how kind of you to comment on my sophisticatedly stimulated acumen...  OMG WHERE'S MY WALLET?!!"

@ zimmah
Seventh Continent economy follows a business model that is different from other economy simulation games. As a matter of fact it is not a game per say. Among many considerations our goal was to create something less complicated to master, a more transparent marketplace that does not require long and discouraging learning process yet still keeps the thrill. You probably use more complicated platforms with ease and prefer sophisticated economy simulations which stimulate your business acumen, but think one minute about the others too who would be lost in sophistication ...
Sincerely
Seventh Continent CEO

@mannybitcoins Thank you for this question I believe it is an important one.
We launched Seventh Continent economy with fictional digital products and imaginary companies. Trading is real though.  Nevertheless as a second step we are planning to introduce branded products or services and share advertisement fees with the users on an equal basis. The third step is logical: users will be able to register and/or rename their companies using the name of their real companies. Last step is evident: products and services will not only be digital but also real, i.e. users' companies will be able to sell their own products and/or services.

Not to put too fine a point on it, but we have to distinguish between virtual and digital goods, as well as between digital products and e-products, moreover between digital products or e-products and real products or services. If you gentlemen would like to go deeper into this question I will gladly elaborate the subject.

Hope that I answered your question Mannybitcoins.

Best regards and thank you again for your interest.
Gregory Harmati CEO - Seventh Continent

IPO is on havelock recommend move to Securities thread

seems a bit like eRepublik / anno1777 or something to me.

haven't registered yet, not sure if i should either.

It looks pretty amateurish.

I'm confused. Are real items going to be sold? I am a web designer, can I sell my web design services on this site? Or is this like a game. Super confused actually.

Seventh Continent in the news:

http://onbitcoin.com/2013/11/13/goodbye-second-life-hello-bitcoin-new-economy-seventh-continent/

http://www.dgcmagazine.com/your-bitcoins-are-good-on-the-seventh-continent/

follow us on Twitter: @7thContinent7

Thanks

@ p2pbucks
7 shall prevail - the magic of numbers - but to insure you we are currently returning more than 70% of total income back onto the market for the benefit of the users to boost trading, consequently Market Fee is somewhere below 0,1% which is used to pay a fractional part of operation costs. We are way in the red and will remain for a while, so don't worry.

what is the point of Marks? If I understand it correctly, there are two economies the free one and the one you can earn bitcoins?

Edit: ok, i found that you can buy items for Marks, create new in your cEuro factory and sell products for cEuro. Now it makes sense

Seventh Continent charges 0,7% on transactions  --- dont you think it's a little higher ? Seventh Continent should serve the whole BTC community instead of making a big profit

Digital commodity exchange and business platform for Bitcoiners
the Seventh Continent made public

What is Seventh Continent?

•   a commodity market for digital products in Bitcoin;
•   a business platform and game;
•   an autonomous economy.


Seventh Continent is a Market for trading digital products produced by companies owned by the users themselves, registered on the site.  Seventh Continent is much more than a game: it is real business; as real as digital business can be. Seventh Continent is creating a hybrid between a real money commodity exchange, social media and a business platform. Seventh Continent was born from a simple idea:

            Register a company in Bitcoin  >  Purchase resources  >  Trade  >  Make profit  >  Cash out in BTC (or fiat) and/or Reinvest

Seventh Continent is not gambling it is based on users’ skills and business acumen!

Seventh Continent is not an exchange between Bitcoin and fiat currencies. It has the potential though for organic conversion between Bitcoin and fiat currencies through trading digital products but this is not its goal.

Seventh Continent is not a Ponzi-scheme doesn’t offer any fix or high return on investments, investors are not paid from subsequent investors’ money, users generate their own return, current balance can be withdrawn any time, Seventh Continent stays always solvent!

About: https://www.gameontheseventhcontinent.net
Market: https://www.gameontheseventhcontinent.com

An economy based on supply and demand, transparency and fair play

Seventh Continent Market is totally independent restricted only by supply and demand i.e. users themselves as well as by inherent microeconomic rules. The idea is to offer a new economy and a “continent” the Seventh Continent to the Bitcoin community where Bitcoin users can do fair and corruption free business, make profit with their coins, have fun competing with each other. The economy is fine-tuned and users have access to comprehensive instant statistics and business analytics.

All transactions are carried out on the Market with equal trading opportunities for the users: “One Market One Trading” model means no OTC trading, no credit risk, no scams, no cheating possible, also prevents monopolistic positions and stealth or fraudulent second market transactions.

Invested Bitcoin is converted into Continental Euros (digital currency on Seventh Continent) and reconverted into Bitcoin when cashing out. Conversion is absolutely free both ways. Fiat currency deposits work the same way yet withdrawal via PayPal is not free. Free trial is possible using Marks virtual money provided at registration. It is also possible to register business with friends to raise more launch capital; Seventh Continent currently has 45 different business activities users can choose from; more to come.

About: https://www.gameontheseventhcontinent.net
Market: https://www.gameontheseventhcontinent.com

Better investment than Poker or gambling

Investment risks on Seventh Continent can be kept to a minimum since users own the trading businesses (control cash flow and take all decisions) can have a relatively high influence on prices - but of course it is not without risk for anyone. Seventh Continent remains a real skill game which fosters creativity and business acumen - rather than unpredictable gambling.

About: https://www.gameontheseventhcontinent.net
Market: https://www.gameontheseventhcontinent.com

Mastering

Seventh Continent is not complicated to master; the interface is user friendly consequently does not require a long and discouraging learning process. Front-end was developed in Flash for security, aesthetics and speed, we are currently working on new HTML/Java interface.

About: https://www.gameontheseventhcontinent.net
Market: https://www.gameontheseventhcontinent.com

Fees

Seventh Continent charges 0,7% on transactions when users are selling units on the Market or transferring digital currency to each other. Company registration costs 0.1 XBT, however can be free or even providing a positive balance if users enroll each other in the Sponsorship affiliate Program. Both optional services have scalable fees: the automatic trading software Autotrader as well as level upgrades enabling to increase production for the same quantity of resources used. Seventh Continent doesn’t charge anything else:

   No brokerage;
   No charges on profit and dividend;
   No hidden costs or commissions;
   Free Bitcoin deposit and withdrawal;
   Free Bitcoin Continental Euro (digital currency on Seventh Continent) exchange;
   Transfer of digital commodities between companies owned by the same user is free of charge;
   No fees for initial funding of virtual companies.

About: https://www.gameontheseventhcontinent.net
Market: https://www.gameontheseventhcontinent.com

Platform extension opening is expected for late 2014

Behind the two dimensional Market Seventh Continent has a three dimensional world developed in the past years and 80% ready. The 2D business platform and the 3D “Continent” are in perfect synergy: digital products such as vehicles, gears, weapons, drinks and food can be taken into the three dimensional digital world to be used for different tasks, missions, adventures users invent for themselves, while raw materials and other goods found in the 3D world can be taken back to the 2D business platform to be sold for hard cash or simply used by companies owned by the users.

About: https://www.gameontheseventhcontinent.net
Market: https://www.gameontheseventhcontinent.com


Thank you for reading it through and trying out the new commodity Market. We wish you a happy and successful trading on Seventh Continent!

Gregory, László, Timo, John, Benedek, Mitro, Nicholas