Topic: (PRE ANN) INTRODUCING.. CRYPTOFOOD (open business economics) SHA multi (Read 2541 times)

this idea died and was changed see here
https://bitcointalksearch.org/topic/m.7779471

we plan on using 70% of the ipo for marketing. If we hit our goal of 30 btc or 12500 usd we would have about 9k to use for our initial marketing campaign the other 3500  would be used as cash reserves to process inital orders during the first few days as funds clear also the company would own the first(and only at that point) franchise processing 100 % of the volume ourselves, meaning we take 100% of the of the service fee so in actuality  we would need only abt 11.2% of that figure roughly 625 customers a day we have abt 40 orders per hr so u got me (on days im not drawing boards) the wife (when she is not chasing the baby) and my idiot brother in law (when he is not hammered) so we need 200 0rders+ per shift with really no orders between 3 am pst and 10 am est (5am to 9am) local time so ur looking at one order roughly every 2 minutes i dont think we would immediately meet that target  until apx 2-3 months granted a successful launch of coin (stability) and a favorable opinion in the eyes of miners and traders

Wow, yeah 6,000 customers per day.  Just to make a "profit" of 2K per week (which assumes you have zero overhead.)  Damn.

Since you are a professional marketer, I'm sure you can tell me how much you have budgeted for customer acquisition costs, and where those funds are coming from.

i know how big it is but thats idea i have built several companies thgat everyone told me would fail and sold em both. This will be no different

we are working on a myriad style coin, incorporating sha x11  thats still in the air  we think this balance will make the coin more fair. I think Sha usage is undervalued and a pre existing(In terms of network speed) asset other developers quickly overlook. sha is secure difficult and little miners are all over. not to mention a lot of heavy hitters are deeply invested in the infrastructure.
   Im sure the above-mentioned are looking at this thread and hoping we pull it together.

Not so smart using SHA-256 algo these days.

search BTT , you can found someone quoted price only 0.5btc to build up a coin .lol

yes, let us keep going and make the coin keep going....

Cryptofood will be the first implementation of an idea i have been building for a while which has been dubbed OPEN BUSINESS ECONOMICS put simply it is not just a new trendy e-coin, rather a new way to conduct business

I think the concept and the purpose is so nice, but it is so hard to achieve it...

great.have some cryptofood and dump a lot cryptoshit.

haters will hate how about constructive criticisim

keep going... 

Will not fly. It's too difficult and large poject. Sorry bro   

picking up momentum

that is a great idea and id love to do that if i were technically able why dont you do that and claim 16% of the company

Using sha256 is questionable considering the vast amount of btc mining farms out there ready to rape any sha256 coin that happens to be profitable. If you're going for good distribution why not take a multi-algorithm approach like myriad? You could have one part sha, one part scrypt-n and one part x11 for example.

This way, no one particular mining farm can completely dominate the network's hashing power while at the same time you're giving sha miners a piece of the pie so it's a reasonable compromise.

to make 2k it would  only take apx 40,000 customers a week.thats taking into consideration that the average take out meal costs 8 dollars and the average drink being apx 1.75

go ahead think of your last TAKEOUT  meal i bet it cost more than 10 dollars

so its just 6000 customers per day  there are 14400 minutes in a day and 9 billion people breathing  giving us 1 customer every 2-3 minutes on a global scale of crypto users this is .doable,  also the 30 btc raised will be used  like this 20 btc advertising 10 btc reserved for purchases until the business is stable.  thank you for your input as you can see the numbers were crunched

id like to add this

its a real shame that this has been treated so negative i really thought people would be glad to see this idea launch.maybe i should just launch a coin with no purpose and no economics behind it. i am glad to see the crypto community has no direction or desire to go to a new level which can produce something beneficial . maybe i just make a clone coin with a fancy name and empty promises of anonymity (xlb). if  you dont want something like this than move on but never doubt i will launch this even if i have to mortgage my house  i think its good for crypto and a fresh breath of air for the world. support it or dont we're still going forward.. now if you really wanna help why not get started on a web page and earn 1 percent of the company

thank you for your input

So how much total volume per week would you have to do to make just $2,000 per week in profit?  It's simple math.  Just wondering if you are aware of the answer.

its gonna be EPIC

why dosent it it? i have worked in marketing since 2006