Today's CS post:
Vault Armory Launch temporarily delayed
We apologize for the inconvenience. We are experiencing unexpected delays with logins and verification.
We hope to be online within the next 48 hours.
Thank you for your patience.
Hmmm...and we are supposed to trust you guys with our actual coins? Will be watching this one. Proceed with caution on this one!
Topic: VaultArmory.com launches IPO on www.cryptostocks.com - Feb 3rd (Read 1938 times)
February 01, 2014, 12:32:39 PM
i don't know if i would call godaddy trusted, but i suppose it doesn't make you a scammer... but your idea of a bitcoin bank sucks as bitcoin's inherent benefits is its decentralization.
Thanks for the feedback. We do want to clarify that we are not a bank, and our customers can take their coins out when they please. There are many differences between us and a bank.
1) We don't change interest rates based on market changes or a central authority. They will remain the same, and if anything get more aggressive.
2) We are backing up our customers coins by gold. I don't know a bank that does that.
3) We will not operate on a Fractional Reserve system. Since we don't make loans your money stays where it is.
4) We don't charge annual fees, or fees to open an account.
5) We won't ask for your personal information. You will set up an account, but you can use any credentials you want.
6) We are not a cartel, we will not be breaking the law, limiting your freedoms, or lobbying for position.
Our primary goal is to get as many users into Bitcoin to drive the price up. Our target customers will be customers who have their money in banks with garbage interest rates, which in our opinion is all of them. At the same time, we want to minimize risk as much as possible to the consumer, which means no risk.
Our hope is that as users see the benefits we offer and make an informed decision.
Thanks!
February 01, 2014, 02:47:55 AM
i don't know if i would call godaddy trusted, but i suppose it doesn't make you a scammer... but your idea of a bitcoin bank sucks as bitcoin's inherent benefits is its decentralization.
Quote
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Scam harder.Quote
“Our vision is to create a secure method for users to hold their cryptocurrencies and fiat without fear of losing value of those holdings, while increasing their personal wealth over time in a competitive interest bearing savings account called the “Armory”. Holdings will be backed by physical gold so users feel safe that their wealth will not evaporate, as is the case with the manipulation of fiat and interest rates. Our business plan is simple, to give our customers the ability to transfer or buy cryptocurrencies to store them in our Armory to gain interest without fear of losing deposits or value.”
This makes zero sense, especially the bolded parts.Thanks for the reply, but I am wondering why you think our company is a scam? We are a startup that has to start somewhere. We choose GoDaddy because they are trusted.
What part of the bolded areas are hard to understand? Making interest holding bitcoins with less risk, in fact no risk compared to banks. This is why we back our account holders by gold. We hope you continue to remain sceptical. Skepticism is what has given us the finalized idea for our service. We challenge you to check the site after launch and repost any concern so we can alleviate them for you.
We hope you will be a future happy customer. Thank you.
Why?
Hello Bitcoin enthusiasts!
I just wanted to inform you all that www.vaultarmory.com will be launching our IPO on www.cryptostocks.com on February 3rd, 2014 (Ticker:VAULTARM) We plan to be up and running sometime in Q2. We are going to be the first Bitcoin Savings account backed by Gold!
More information about our vision for you can be found at www.cryptostocks.com by clicking on our ticker VAULTARM.
If you have questions please reply or respond in private at [email protected].
We hope to hear from you, and welcome your investment & business.
VaultArmory
I just wanted to inform you all that www.vaultarmory.com will be launching our IPO on www.cryptostocks.com on February 3rd, 2014 (Ticker:VAULTARM) We plan to be up and running sometime in Q2. We are going to be the first Bitcoin Savings account backed by Gold!
More information about our vision for you can be found at www.cryptostocks.com by clicking on our ticker VAULTARM.
If you have questions please reply or respond in private at [email protected].
We hope to hear from you, and welcome your investment & business.
VaultArmory
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