Topic: [Pre-ANN][Bit-X] **IPO FROZEN - Straight-to-Cryptsy-and-Mintpal! SEC SAFE IPO** (Read 6140 times)

launched?

That's a bit different than your typical coin IPO. Just look at iceberg coin, among others. But do what you think is right.. No pressure here.

After being unable to find the funds needed to start Bit-X and the IPO marketing on my own I have decided to hold off until I can complete the programming of bit-x myself.  I am enrolled to get my bachelors degree in Software Engineering and soon will be able to use my skills to create Bit-X myself.  I don't want to rely on anyone and I want there to be a solid continuous developer working on wallet features.  So soon this will be me but for now I am putting off the adventure.  Bit-X will still rise when the time is right.

For now you can find me managing reddit for JudgeCoin.  I will continue to put my efforts and skills into JudgeCoin and you can find more information about me here:
http://www.judgecoin.com/TEAMBIOS/Mastermine/tabid/105/Default.aspx

I want this to be the best option for investors and miners alike and i feel I am too weak of a developer at this point to expect others to follow or expect the IPO to fully fund operations.  I will do everything I can in the future to make this happen once I feel I have the skills needed to be a proper coin dev (and the extra time available). For now everything will be put on hold and my focus will be completing school and Judgecoin.  Come join us in the JudgeCoin community to find a honest group of developers trying hard to push an honest coin to the next level!

Expect the same plan for bit-X but with more features and innovations in the future! For now we wait . For now we mine Judge .

Thanks for the support up to this point and dont expect it to be over! the future will bring Bit-X .

People who think the person with the largest bag should gain more then a 5mh/s miner per day in interest is crazy.  The IPO is putting Bit-X at the top of the vote list. That doesn't guarantee us a spot on Cryptsy but so long as the votes pour in afterwards they will have no option.  This is not a PoS based coin. this is PoW/PoS hybrid. PoS coins die every day.  This is not a coin designed to be pumped and dumped. The premine will be distributed to IPO investors and for future development needs.  There will be public information prior to the IPO release showing where all funds will be divided

The innovation is that I actually studied hundreds of coins from start to end. Viewed the struggles and accomplishments.  I was there in the communities and part of many of them. We have adapted what I have learned to bring a more solid coin structure.  We have a dynamic reward system that will prevent short term multi-pool attacks. Not that these are major innovations yet but they will be further developed before release.  We are bringing every possible major and minor ideas to light and adapting them to Bit-X.  You will see the same innovations of others with much needed improvements as well as a few new ideas to come.  Alot of the focus will be educating and finding new users to bring to crypto-currency.  Not just taking users that are already there but actually establishing a foundation outside of the crypto-world and bringing people in.  We feel this is a major reason a majority of crypto-coins tend to fail as they are stuck within the confines of the crypto-world with no hope of expansion.

I feel another innovation is for the IPO release you will see actual SEC certification which is something I have yet to see for any coins IPO. You will see what all the funds are going to and how they will help.  They will actually be used towards productive uses not just lining pockets.  I will have public information about myself available and likely the development team (privacy issues pending, I may be the only one fully publicized).  I will put my name on the line and stand behind Bit-X.  We will implement new features as they come out and as I mentioned in the past the algo WILL change if GPU's are compromised.  This is not an empty promise NO MATTER THE ADOPTION RATE! GPU WILL THRIVE!

I may not be mr. moneybags but I do know what works and I truely am dedicated to providing the best possible option for all of us.  I am a miner myself and I am dedicated to keeping the little guy strong.  There should always be a place for GPU in mining.  Bit-X will be that place.



I am not 100% sure but I believe its only Americans offering IPO's. Either way this is the way it really should be.  If your going to create an investment of any magnitude then there should be public documents showing its legitimacy.

Its ok for the coin to be Anon but personally I feel the person behind it should be transparent.  Especially when asking for investments. I don't have enough of my own money to invest (in fact I don't have much at all I may barely get to be a part of the IPO, if im even allowed to? unsure at this point lol), so I will be doing my best to provide a safe investment that returns profits for all involved.

How on earth can this coin go straight to Cryptsy??!?!?!

1,5% premined Garbage, no innovation, and a lulzy 1,5% POS.

Does this apply only to americans offering IPO's or anyone offering IPO's that americans might invest in?

Very interesting vision. Hope to share insights and things go well for you and the crypto-ambassadors .  

Things got a little rough here for me personally.  I have lost my job and I am running out of options.  I will do my best to keep things updated here and I still have a meeting on the 3rd of July to get this sec filings completed.  I do have a team waiting to back me up and tons of great things in store for Bit-X.  Just a lot going on personally and the major delays waiting for legal meetings has really slowed down even the opening of the IPO.  Life happens though.  Anyways Im off to find a job .  If anyone out there is hiring let me know .

We at Crypto Ambassador hear your pains. Come join us @ https://bitcointalksearch.org/topic/pre-ann-crypto-ambassador-new-poll-652238 in creating the next stage of cryptocurrency. Currently seeking Board of Trustees.

IPO is frozen pending SEC approval.  Unfortunately its a big waiting game and I am currently waiting on legal advisors to complete there research and provide me with a 100% legal + safe IPO release.  As far as I am aware this will be the first actual legal IPO and publicized development team.  We are working hard to make this the most transparent IPO ever to be available with the safest possible investment opportunities. 

The development plan is huge for this one.  There will never be a bigger launch, never be a bigger investment opportunity.  I will do everything I can to make sure of that.

Fresh out the gate to the tops of vote lists and straight to exchange.  An actual Bit-X merchandise available very shortly after launch.  Actual places to spend Bit-X.  A wallet that stands out in the crowd and provides optimum security / features.  A place for brand new users to learn and rallys to gather those people.  I may be increasing the premine to fund super rally's where we will give away thousands of Bit-X to people who mostly have no clue about crypto.  My goal is to establish this coin outside of what is already there.  Why focus on trying to steal people from bitcoin or litecoin when in reality we should be establishing a foundation of new dedicated miners.  I also want to support mining for much longer then recent POS coins.  Theres no reason GPU miners should stop mining. Coins are worth more because of the power use of making them.  People enjoy mining and this is what attracts those new members.  The reason POS coins continue to raise up and die is because of this.  GPU miners are important and I intend to keep them that way.  If at any point X13 becomes mineable by ASIC we WILL change algo.  No matter the popularity! I am sick of the promise of coins like litecoin who failed to deliver.  With very poor development aswell you never see anything new come out of litecoin.  Anyways I am excited to take action and be the one to make this happen. 

I am sick of the crap coins. sick of the scams.  sick of the failed dedications.  I am committed to providing a supported and profitable coin that is for the normal everyday user and can actually be used! imagine that!

I dont expect much until after launch but please contribute! Once cryptsy opens vote all proceeds will be dumped into the vote.

IPO,how i to do？？

Sorry for the delay in news everyone:

https://twitter.com/BitX13/status/476616041762541568

Will be sure to update the OP when everything is ready to go!

Someone just showed this to me in the IRC chat.  Unfortunately the IPO is now frozen until further notice. 

I will do my best to file with the SEC as quick as possible.  This will also help validate legitimacy so although it is a set back I feel it will overall improve the IPO.

hmm...

might be time to think outside of the box for funding..

http://www.cryptocoinsnews.com/news/us-sec-fines-erik-voorhees-unregistered-bitcoin-ipos/2014/06/03

LOL!!!! Yes I totally wrote that in a bad order.  It should say "I was using a random person I thought I knew/could trust...... This was my girlfriend and I's money."

I am not that crazy! LOL

.

Have I read this wrong?. Time to sell the girlfriend.

The team is not mine.  they create different services for coins (block explorer, faucet, guaranteed exchange, promotion, development etc).  For 5BTC total we can have all of those things.  On top of this the launch straight to the top of cryptsy will greatly increase awareness.  The team here at Bit-X is still just 3 me, my girlfriend (msxtra) and Joe (Saligar).  we are doing our best to set up PR events and advertise.  Right now is sort of a waiting game as we need a solid design to market I am not 100% on the current logo.  Would like to have more to work with.  Which is all coming.

There is no reason for me to take the IPO.  I want this coin to happen.  I want it to be the best. If it does I will easily have more then the IPO could ever provide for me. I am not here to bring anyone down.  I was there for panda and bought my way to broke.  I was there for stack and lost a small stack myself.  I want this to be different. I see no reason to take from anyone when the potential is far more then the IPO amount.  

I will do everything I can to make sure that Bit-X is quickly a very profitable coin and there will always be continued development.  I am working hard to assure that wave 3 pays for the guiminer and andriod app.  Now that apple is allowing crypto-apps I would also like to quickly get an apple app to be one of the first to do so.  Theres no reason Bit-X cant hit the moon and beyond, Theres no reason for me to take the IPO that can get it there.

Bit-X is the coin of the future!

Why is this "team" creating new coins rather than working on the coins they have created in the past?  Easy answer = IPO money

this is not a scam. I lost btc due to using a random person who I thought I could trust... The money was my girlfriends and mine.  That was my mistake.  currently we have a team standing by that has created coins in the past and has HUGE backing.  They ask that they not be mentioned at this time until the money is paid (I cant blame them they don't know me either).  I don't expect anyone to hop on board but this is no scam.  I am full hearted into this.  I will do what it takes to prove it.  I understand if you dont want to risk it then don't.  But whatever I can do, I will to show this is no scam.

There will be a spot guaranteed on an exchange (not including the ipo will pay for cryptsy aswell), there will be a brand new logo. We already have a place with some great pools and many more to come.  There will be tons of giveaways, competitions and bounties. Theres no reason for me to take such a small IPO.  If I wanted peoples money I would take more then 5btc.  after the first wave there will be plenty of proof (advertisements, wallet gui, etc) and things will quickly take off.  

I wish I could prove it now but once we achieve the first wave there will be plenty of proof to go around. That is why the first wave gives so much (50%) of the IPO. If you put your trust in me first you will earn the largest chunk.  I can only do so much to prove it but I am dedicated to Bit-X and the future of GPU mining.  Don't let the other IPO failures scare you away :/.  IPO can be a good thing and I assure I will make this one of the best.

That is such a bunch of bullshit.

DO NOT FALL FOR THIS IPO SCAM.  YOU CAN SEE THEY HAVE ALREADY LOST 2 BTC, IT IS NOT WORTH THE RISK.