[PRE-ANN] Vees Group Cover(BETA) | Bitcointalksearch.org

Atruk

hero member

Activity: 700

Merit: 500

Quote from: MsCollec on January 07, 2014, 12:32:41 PM

I don't think Social media profiles will solve trust issues since a lot of business are buying Likes for their company page but i might use Peercover to collect deposit from members. Regarding your 2 point, I might hold the project off to see the outcomes of the current IPOs and figure a way to make it work. The problem is that it's easy to sell lies than selling truth to people.Thanks for the advice.

What the ever loving cock shit do social media profiles have to do with anything at all other than dude finding other dude he barely knows at school for a bunch of dude love.

Also selling lies might look easy. It might seem like the easiest fucking shit in the world. It is actually as expensive as hell though. The amount of time that needs to be sunk into selling a lie is nothing short of incredible. People are stupid though. The solution though is not to embrace scammers and retards. The solution is to paint your own piasa while humanities lowest common denominators engage in an exercise of factoring that leaves both broke.

other_side

full member

Activity: 285

Merit: 100

Quote from: MsCollec on January 07, 2014, 08:57:03 PM

@other_side i like the idea. Thanks.

If you are able to find IPO minded entrepreneurs, then it is possible to build the system described.

MsCollec

legendary

Activity: 1400

Merit: 1000

@other_side i like the idea. Grin

Thanks

other_side

full member

Activity: 285

Merit: 100

Quote from: MsCollec on January 07, 2014, 05:35:59 PM

What's your suggestion? How can it work.

By creating distributed IPO system.
You get number of people who are willing to hold money.
The entrepreneur comes up with the plan to launch some project. He communicates to the coordinator of the group and they agree on the execution plan. Then the group votes to approve the plan and gives holding accounts details.
When the entrepreneur moves to work on his project, he gets money released in multi stage way.
For example, coin creation.
1) Site, forum, tech details done. (10% released)
2) Client works on testnet.(10% released)
3) Beta launch. (20% released)
4) The concept works for 1 month. (20% released)
5) The target goals reached (number of accounts, volume and other). (20% released)
6) The project works for 6 months. (20% released)
If the project doesn't meet the goals, investors get money back.
The risk parameters of the approach is about 20%.

Altoidnerd

sr. member

Activity: 406

Merit: 251

http://altoidnerd.com

Quote from: MsCollec on January 07, 2014, 05:35:59 PM

Quote from: niothor on January 07, 2014, 05:25:45 PM

Quote from: MsCollec on January 07, 2014, 05:21:58 PM

Quote from: niothor on January 07, 2014, 05:08:40 PM

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It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

My scam indicator is going 99% on your project.
I don't see how you can cover insurance against a scam this way.

what's your suggestion? How can it work

You'd be interested in smart contracts in general, and the application of such in bitcoin. Multisignature transactions are a buzzword, along with 2-of-3 transactions and also M of N transactions methinks.

MsCollec

legendary

Activity: 1400

Merit: 1000

I will present my case study in few weeks/ months depending on how the alt coins market performs.
Thanks for your response and advise. Constructive criticism is always welcome.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: MsCollec on January 07, 2014, 06:01:37 PM

One of the few options of generating income for the Vees Group in order to pay claims is to invest the deposit, there are a lot of crypto-currencies that you can get X2 of your investment in 6 months. In insurance not everyone will file a claim and again I'm creating a rating scale which will determine the premium based on the risk involve.

So , you're going to gamble with your deposits?
You need to re-think that.

MsCollec

legendary

Activity: 1400

Merit: 1000

Quote from: niothor on January 07, 2014, 05:44:58 PM

Quote from: MsCollec on January 07, 2014, 05:35:59 PM

Quote from: niothor on January 07, 2014, 05:25:45 PM

Quote from: MsCollec on January 07, 2014, 05:21:58 PM

Quote from: niothor on January 07, 2014, 05:08:40 PM

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It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

My scam indicator is going 99% on your project.
I don't see how you can cover insurance against a scam this way.

what's your suggestion? How can it work

You can't cover obvious scams.
It's like an insurance company paying damages every time a car stops at a red light.

How do you plan to cover those when you'll have no income?
Cause one thing is for certain , there would be no real IPO too soon on the board.
And further more , nobody will likely invest in such thing too soon.

You're either:
A scammer who has smelled some easy money
A naive person who thinks can do something good but will end up bringing ruin both to his customers and himself.

So , the result will be the same.

One of the few options of generating income for the Vees Group in order to pay claims is to invest the deposit, there are a lot of crypto-currencies that you can get X2 of your investment in 6 months. In insurance not everyone will file a claim and again I'm creating a rating scale which will determine the premium based on the risk involve.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: MsCollec on January 07, 2014, 05:35:59 PM

Quote from: niothor on January 07, 2014, 05:25:45 PM

Quote from: MsCollec on January 07, 2014, 05:21:58 PM

Quote from: niothor on January 07, 2014, 05:08:40 PM

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It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

My scam indicator is going 99% on your project.
I don't see how you can cover insurance against a scam this way.

what's your suggestion? How can it work

You can't cover obvious scams.
It's like an insurance company paying damages every time a car stops at a red light.

How do you plan to cover those when you'll have no income?
Cause one thing is for certain , there would be no real IPO too soon on the board.
And further more , nobody will likely invest in such thing too soon.

You're either:
A scammer who has smelled some easy money
A naive person who thinks can do something good but will end up bringing ruin both to his customers and himself.

So , the result will be the same.

MsCollec

legendary

Activity: 1400

Merit: 1000

Quote from: niothor on January 07, 2014, 05:25:45 PM

Quote from: MsCollec on January 07, 2014, 05:21:58 PM

Quote from: niothor on January 07, 2014, 05:08:40 PM

Transactions
No. Transactions   0
Total Received   $ 0.00
Final Balance   $ 0.00

It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

My scam indicator is going 99% on your project.
I don't see how you can cover insurance against a scam this way.

what's your suggestion? How can it work

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: MsCollec on January 07, 2014, 05:21:58 PM

Quote from: niothor on January 07, 2014, 05:08:40 PM

Transactions
No. Transactions   0
Total Received   $ 0.00
Final Balance   $ 0.00

It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

My scam indicator is going 99% on your project.
I don't see how you can cover insurance against a scam this way.

MsCollec

legendary

Activity: 1400

Merit: 1000

Quote from: niothor on January 07, 2014, 05:08:40 PM

Transactions
No. Transactions   0
Total Received   $ 0.00
Final Balance   $ 0.00

It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Transactions
No. Transactions   0
Total Received   $ 0.00
Final Balance   $ 0.00

It seems that there are no idiots left on this forum.

MsCollec

legendary

Activity: 1400

Merit: 1000

Quote from: Altoidnerd on January 07, 2014, 01:46:28 PM

Offering 2x the original investment presents a problem whereby you are encouraging insurance fraud.

Not X2 original investment, but X2 the fund a member deposited with Vees Group Cover which is cap at 50% of the fund Invested in IPO.

Altoidnerd

sr. member

Activity: 406

Merit: 251

http://altoidnerd.com

Offering 2x the original investment presents a problem whereby you are encouraging insurance fraud.

MsCollec

legendary

Activity: 1400

Merit: 1000

Quote from: MPOE-PR on January 07, 2014, 12:10:02 PM

Quote from: Altoidnerd on January 05, 2014, 10:53:24 PM

I hereby offer insurance against this insurer. If you invested in VISACOIN and paid insurance to OP, you can purchase insurance insurance through me... :-)

I lolled.

Quote from: MsCollec on January 05, 2014, 03:52:09 PM

What's Vees Group Cover
Vees Group Cover is designed to protect members from loss of funds invested in IPO which will be backed by 50BTC start up capital raised from investors in Vees Group Cover.

How to be become a member
Send any percentage of your net investment with any crypto-currency IPO you invested
to 13wGhZNKinGC8vUgn6fwVzWiwR5ZbQHnyq and send me your details so that i can confirm if you have investment with coins. PM Me or email at [email protected]

Policy and conditions

Cover for your investment up to 50% in IPO or times 2 the BTC you deposited with Vees Group Cover
Payment of claims subject to a maximum monthly amount for up to a maximum period of 6 months in case you got scammed.
Payment will be calculated based on the value of BTC on the date of your initial investment or at the date of claim, which ever is lesser.
Coverage is limited to 1 BTC per member.*

Disclaimer
This group is formed to offer a range of protection options for investment in high risk 2nd generation crypto-currency IPO and you should research before investing in any crypto-currency IPO.
Conditions subject to changes without notice

Contact
Skype: veesgroup
Email: [email protected]

Reputation thread:
https://bitcointalk.org/index.php?topic=391085.0;topicseen

Basically, either you'd like to jump on the weaseling noobs out of their coins wagon and figure this particular vehicle hasn't been as done to death as the other detritus out there, or else you're too noobish and idiotic yourself to understand how very much this doesn't work (yet also brazen enough to posture as though you're a trustworthy "expert" or the other).

In either case, the prescription is pretty much to see here and gtfo until such time as you've resolved 1 or 2 above. Completely.

As an aside for other new readers: the solution to not losing your stuff is to know what you're doing with it. Time, research, effort, intelligence, all of these are required in order to actually invest and to avoid getting fleeced. Read, hedge, think, understand. Delegating to some other dude in the unsubstantiated hope he'll make everything alright is in no way a solution.

I don't think Social media profiles will solve trust issues since a lot of business are buying Likes for their company page but i might use Peercover to collect deposit from members. Regarding your 2 point, I might hold the project off to see the outcomes of the current IPOs and figure a way to make it work. The problem is that it's easy to sell lies than selling truth to people.Thanks for the advice.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: Altoidnerd on January 05, 2014, 10:53:24 PM

I hereby offer insurance against this insurer. If you invested in VISACOIN and paid insurance to OP, you can purchase insurance insurance through me... :-)

I lolled.

Quote from: MsCollec on January 05, 2014, 03:52:09 PM

What's Vees Group Cover
Vees Group Cover is designed to protect members from loss of funds invested in IPO which will be backed by 50BTC start up capital raised from investors in Vees Group Cover.

How to be become a member
Send any percentage of your net investment with any crypto-currency IPO you invested
to 13wGhZNKinGC8vUgn6fwVzWiwR5ZbQHnyq and send me your details so that i can confirm if you have investment with coins. PM Me or email at [email protected]

Policy and conditions

Cover for your investment up to 50% in IPO or times 2 the BTC you deposited with Vees Group Cover
Payment of claims subject to a maximum monthly amount for up to a maximum period of 6 months in case you got scammed.
Payment will be calculated based on the value of BTC on the date of your initial investment or at the date of claim, which ever is lesser.
Coverage is limited to 1 BTC per member.*

Disclaimer
This group is formed to offer a range of protection options for investment in high risk 2nd generation crypto-currency IPO and you should research before investing in any crypto-currency IPO.
Conditions subject to changes without notice

Contact
Skype: veesgroup
Email: [email protected]

Reputation thread:
https://bitcointalk.org/index.php?topic=391085.0;topicseen

Basically, either you'd like to jump on the weaseling noobs out of their coins wagon and figure this particular vehicle hasn't been as done to death as the other detritus out there, or else you're too noobish and idiotic yourself to understand how very much this doesn't work (yet also brazen enough to posture as though you're a trustworthy "expert" or the other).

In either case, the prescription is pretty much to see here and gtfo until such time as you've resolved 1 or 2 above. Completely.

As an aside for other new readers: the solution to not losing your stuff is to know what you're doing with it. Time, research, effort, intelligence, all of these are required in order to actually invest and to avoid getting fleeced. Read, hedge, think, understand. Delegating to some other dude in the unsubstantiated hope he'll make everything alright is in no way a solution.

MsCollec

legendary

Activity: 1400

Merit: 1000

Insert Quote
LOL, you are scammed by Visacoin, so you are a scammer starting to scam others now. What a funny.

From now on, you will lose all your reputation, I promise!

@Woaibit Your statement doesn't make sense to me,it seems you are delusional.I invested in these IPO what i can afford to lose. And if i want to scam people i will not use my account because i have some of people i traded with on Facebook and Skype as a friend. If you don't have any thing reasonable to say i advise you to Fuck off. Moreover it getting clear that Visacoin might be a scam after we all saw the whitepaper, later on Visacoin might not be a scam it's guess nobody knows. GOOD LUCK GETTING YOUR 2.0499BTC BACK!

Woaibit

newbie

Activity: 20

Merit: 0

LOL, you are scammed by Visacoin, so you are a scammer starting to scam others now. What a funny.

From now on, you will lose all your reputation, I promise!

See all below quote to know the truth!!!

Quote from: MsCollec on December 25, 2013, 03:16:32 AM

I think this has a great potential and definitely a competitor to Nxt and MSC.

Quote from: MsCollec on December 26, 2013, 08:46:08 AM

It seems it going to be a successful coin since a lot of people are calling it a scam without any proofs and we are know the market cap of so called scams coins i.e MSC and Nxt are today. Why don't you all give the OP time to post more information as it's available but I think the announcement is a bit earlier and he's definitely not prepared for these trolls.

Quote from: MsCollec on December 27, 2013, 10:36:09 PM

I already discussed this with @ visacoin. 1 month of funding is okay, hopefully he will listen

Quote from: MsCollec on December 29, 2013, 09:34:50 AM

Quote from: harveyweizhao on December 29, 2013, 09:15:49 AM

One of my friends has few questions about this project. But he can not replay this post, hence I help post his words as follows:

------------------------------------------------------------------------------

1. Are the author from an English speaking country? My answer is NO! Just see below two sentences in the thread, you will find it.
a)About me:
I'mnotSatoshiNakamotohedoesnotexistsoamI - The English native speaker should say ' Neither do I' but ' So do I'
b)'It will makes vsc a really easy-to-use.' , you can find out the grammar error easily here - 'will makes'!!!

2. Why end up the IPO so hurry even if no whitepaper come out?

3. The author's position is just a Jr. Member, how can we trust a Jr. Member?

------------------------------------------------------------------------------

1)The OP might be French

2) The IPO ending early is good because BTC price is volatile, lot of people will not want to lock down their investment for three months.

3) I have seen developer releasing coins under their new coin flagship account. We all started from newbie status.

Quote from: Bit510 on December 29, 2013, 09:48:13 AM

Quote from: MsCollec on December 29, 2013, 09:41:55 AM

The scam accusations are getting ridiculous every second from trolls, Visacoin should close the IPO immediately and concentrate fully on the coin development and brand awareness. Additional funding can be raised from the people that already invested in initial IPO.

Are you one of the developer of the VSC?

Quote from: Bit510 on December 29, 2013, 10:07:53 AM

Visacoin and MsCollec should be the same person. What do you think?

https://bitcointalksearch.org/topic/m.4162941

Quote from: MsCollec on December 29, 2013, 10:24:50 AM

Quote from: Bit510 on December 29, 2013, 10:14:37 AM

Quote from: MsCollec on December 29, 2013, 10:08:06 AM

Quote from: Bit510 on December 29, 2013, 09:48:13 AM

Quote from: MsCollec on December 29, 2013, 09:41:55 AM

The scam accusations are getting ridiculous every second from trolls, Visacoin should close the IPO immediately and concentrate fully on the coin development and brand awareness. Additional funding can be raised from the people that already invested in initial IPO.

Are you one of the developer of the VSC?

No

Why can you answer the 3 questions for Visacoin? Why do you know what Visacoin think?

Are you a learner? Can't you find the answer to your 3 questions in the posts. You just jump on the bandwagon without researching. Look at the spreadsheet he listed French as his language.

Quote from: MsCollec on December 29, 2013, 09:41:55 AM

The scam accusations are getting ridiculous every second from trolls, Visacoin should close the IPO immediately and concentrate fully on the coin development and brand awareness. Additional funding can be raised from the people that already invested in initial IPO.

panonym

sr. member

Activity: 266

Merit: 250

Help and Love one another ♥

lol
that's funny, I like the idea.
Yet the trust problem is exactly the same.
Even with ten insurer insuring the other ones.

I haven't read much about those smart contract yet.
Problem with contract, if there is no government behind to sanction, you don't have to respect them...
It's only a matter of trust and reputation.
With people of <10 post Roll Eyes

This one at least have 10x more post that the average IPO new comer proposal.
Yet, doesn't mean anything.

Topic: [PRE-ANN] Vees Group Cover(BETA) (Read 1867 times)