Bitcoin Forum

I take it there will be a store set up where I can go and spend my bst? I like the idea, just a lot to read.

Pretty diamonds, I will deff keep following this one. Could get interesting. What if they really have the gems to back it? :o

Anyone care to give him a call?  ???

https://www.google.com/search?q=Dr.+Keith+Harville&ie=utf-8&oe=utf-8

Crowfund?
How much will be for crowfund and how much for mining?

This asking for money is a bit boring.

I'll be watching this primarily to see how the BitStone team goes through the invitational stage with minimum 50BTC per investor. Will the investors be publicized, private, or given the choice? If this invitational period is truly being held as a way to set price discovery based on demand, what is your plan to proceed if no interested investors choose to pony up 50BTC?

I know nothing about the precious gems market and thus won't be investing in the ICO myself, but I may attempt a mining play if it's worthwhile.

Good luck to the BitStone team.

If you need a block explorer please let me know!

Question to Bitstone Devs? Why you came to search for funding in the cryptocurrencies market when you hold already a pretty good business in a very well established market with só many companies willing to buy or fund those precious gems?

Wow!

A Picasso Print raffle.  Appraised at $13000 USD even.

Too funny.

Sorry you got bored reading the op. I put alot of work into it, so I hope that you will at least follow our progress. Yes we have set aside $1M in Diamonds, Gems, Sapphires, Ruby's, Gallery Artwork, etc that will all be available in exchange for BST in our BitStone Store day 1 of launch.


Yes, we will have the first BST store OPEN on Day 1 of launch.


Thanks for the support. We do have enough tangible assets required to back BST as a crypto currency.


Pretty sure he isn't in the office right now, but he does plan to release a small video explaining his role as CEO, and what his plans are. That interview will be released soon. Store and Personal Contact numbers will be supplied to the community before we launch.


Please read the thread, I have asked that there not be any negativity in this PRE-ANN.



There will be 3 Phases to the Crowdfunding. The BitcoinTalk Phase actually is rewarding you an Emerald sent right to your address of choice valued at over $170 USD. We will give back to the community and show that we mean business by offering major incentives and giveaways during these funding rounds. Please continue to follow us as development progresses. Mining period will last one month, and account for approximately 90K BST that will be exchangeable for Diamonds, Emeralds, Gems, Etc day 1 of Store opening.



Thanks for your support. We have been in the beginning stages of development for many months, and have passed the word along to many investors that the team deals with on a daily basis. Working in the precious metals market, you rarely come across guys that aren't interested in other investments. I can comment and say there is interest in this funding round from outside investors, and everything will be laid out and transparent for the community. Look forward to you sticking around and potentially mining some BST. We will be looking for Miners to actually make their first appearances to the BitStone Store - and allow miners to exchange their BST for Precious Gems, Diamonds, Emeralds, Artwork, Etc. Maybe I can invite OcMiner, you think he would make an appearance to support our new project?

 

Please respect what I asked in the bottom of the OP. We are open to peoples opinions, but eye sore post such as the one you made WILL NOT be tolerated, and will be DELETED.

 

on more ico coin! no tnx

I have only one question. Why are those Bitstone signs on the gems are so Photoshopped?

Will do, thanks for your support. Please post some info about the services you offer, and I will be sure to get them over to Dr.K for further review.


I don't already have a business until now -- I am a gem collector --the BitStone Store is the first time I have retailed gemstones.


Hello what is so funny?

I uploaded some pictures of the Appraisal Paperwork. It was appraised at $10,000 USD in December of 2012. Now its currently valued at $13,000 USD. Picasso Artwork is highly collectable, and this appraisal was done by a friend of mind in Beverly Hills.
Take a look for all the info you need on this, and let me know if you have any more questions. Thanks for your comment.
https://i.imgur.com/IL8pAXi.jpg?2
https://i.imgur.com/fL5dhKv.jpg?1

pow  start time???

Wasn't expecting the proof to be so real. I'll be investing on this one.

Looking forward to this one ;D Any more pictures ??? We like pictures.

Nice concept  :) Men or woman.. We all love expensive stones right?  8)

Can you take a photograph of the picasso documents and the "gems" with your bitcointalk username and date on a piece of paper?


Edit:

You really have some good looking diamonds there mate..

Yea, that would be even better. Can you make this happen dev?

Hi everyone.

The dev has agreed to have me review the code once it is released. So, I'll probably have a review done within a day or so after the wallets are public.

Thanks for the support. Yes I can take that picture. Give me an hour or so.


Yes, no problem.

Thank you for contacting us. Look forward to having you take a look at the code and giving it your respected review rating!

checking this out, this might be a winner winner chicken dinner boys.

Thank you Dr. K. You even got the plate in there. Good call.

Interesting, really liking the value of the picasso and the gems.

SHA-256, I will mine ;D

Any info on launch date? Looks not so Bad, might add a Pool for it

I just am wondering if this $1,000,000 in gems is the retail value or the wholesale value? There is a big difference. Also, are these diamonds paragons or your run of the mill H I or J (or worse) color diamonds under a carat? What is the average clarity of these diamonds? What is the quality of the emeralds? Are they heavily included and/or opaque or do they have just enough inclusions to know they are not fake? (I would be suspect if they were near perfect since that would indicate lab created.) Are they from Columbia, Brazil or Namibia?
I pray there is more to this $1,000,000 collections than what is pictured in the OP. Although these stones look nice, I wouldn't call them "investment grade." In fact a couple of the diamonds are a faint yellow, not dark enough to be considered fancy. The black diamond is irradiated and doesn't impress me at all. The emeralds up for grabs are rather small, but for a retail value of $170.00, that is expected. Are the red stones pictured rubies? They look rather big so I strongly suspect they are fissure filled...
Furthermore, what other stones will be available? Will there be fine rubellite and Paraiba tourmaline. The tourmaline market is hot right now.  How about some Russian demantoid garnet? Any Lightning Ridge Black Opal?

Very nice... That is all I wanted to see  :) At least this proves you have the gems and the picasso in your possesion. Which is a big plus for me, and I think other people are thinking the same. Of course we dont know if you are really planning on using these for backing the coin. Time will tell.. I will consult this with my investors group.

I wish you the best of luck with this project  :)


Oh yeah, having Earlz reviewing the code is already a good move :)

Thanks for the support! Look forward to seeing you come by the store if you wish to do so.


Thanks for stopping by, look forward to your continued support.


Hello ocminer, we have the launch date scheduled. I will message you and give a bit more info. Thanks for the support.


Glad you are happy with the picture. I have a lot more than whats shown in the pictures, those are simply for the purpose of what we just tackled. Yeah I figured it wouldn't be long before someone asked us to do that...no problem in easing your concerns. We most certainly will back BST with the collection. Just continue to follow and support, and the main supporters here in this thread are the ones I will be looking to have come visit us at the store on the Grand Opening. Thanks for the support thus far, and look forward to having Earlz reviewing the code.

No this time with ico....

Hello and Welcome to the BitStone Pre-Ann. Sounds like you know a few things about the trade, and thats music to our ears. I figured there would be a few people that would actually like to talk stones.

Thanks for your questions and allow me to address some of your concerns.  

I have the ability to supply just about any stone, I am offering the more common stuff in the beginning.  The gems in those pictures are not $1 million worth.  Most are in a safe and I took out a variety to photograph, which are being returned to the safe on Monday and additional diamonds and gems will be taken out to photograph and the pics uploaded on Tuesday.

If you are looking for paragons, I will be happy to supply as many as you need and at any size.  The problem, as I am sure you are aware, is that most people will not spend that kind of money.  There will be some incredibly nice stones as well as some of the less expensive stones.  As for the fancy stones, I am not big on them but have a few misc. ones around.  The only person that likes that little black diamond is my 19 y/o son and I may give it to him- lol.  All the emeralds I have and get are from Columbia, typically Muzo.  Again, I have some very clean emeralds, but the day I see a natural flawless emerald I will run away as quickly as possibly.  

Lastly, I have access to the best opal through an acquaintance that deals exclusively in opal, but it isn't my thing and I currently do not have any but if a person wants it I will be happy to acquire it for them.  Tourmaline, like Opal, is not something I typically purchase but I agree with you that it is hot.  I personally do not want to invest that kind of money in a stone I am not interested in collecting.  What I have seen on the wholesale side is that Paraiba tourmaline in an "investment grade" or Fine grade is running $8-12,000/ct in the carat size and up to $20,000-25,000/ct in the best stuff.  

I think your questions are valid, and as the price of BitStone increases, so will the percentage of higher quality gems.  If a gem cost $10,000 and the price of BST is $0.50 then it will take a huge chunk of BST to purchase the stone.  I will have a variety of less expensive to investment grade stones available at all times in the store.

If you have any further questions or concerns, don't hesitate to post here or PM me so I can give you my cell # and we can talk further.

for new coin
may you to contact with https://yobit.net (https://yobit.net/?bonus=yoAMd)

Thank you for the well thought out reply. Unfortunately when it comes to gemstones, I have a champagne taste but a beer budget.
LOL. I will definitely see what I can scrape together for the bitcointalk offering. This coin will be combining two of my current passions. Gemstones and crypto. I'm getting excited. ;D
It also would be great if you consider offering mineral samples as well. Perhaps even a meteorite or two or as you can tell from my avatar, fossils! I'd love to add a trilobite with eyestalks to my collections.

I'm sure if she was still alive, she would approve of this coin.

https://www.youtube.com/watch?v=eL7ETLLkQTY (https://www.youtube.com/watch?v=eL7ETLLkQTY) ;D

love to deal in all crypto which has some real ppl / biz behind them to support and my guts telling me you are one of them so definately YES to your coin and GL for the future.

I did not read the whole text of your announcement thread but the idea is good. You should have choosen a different algo than SHA256. It is not very energy efficient algo. Nevertheless, I'll keep an eye on the coin.

Mining is not energy efficient. Sha256 neither. They compliment each other.  :D Nothing wrong with Sha256 and lots of miners around that used to mine BTC.

The Private Funding Round where 200k coins get sold by invite only sounds really shady to me. Who's to say any money changes hands, could end up being like an instamine or premine for the dev.
50 btc needs to be sold in the third round on Bittrex or it won't be a success: what does this mean for Bitcointalk investors if it fails to do that?

Thanks for the support, I will take that offer into consideration.


Look forward to talking with you more. We should be able to acquire a few mineral samples to add to your collection.


Thank you for the support. More updates shall be released soon.


We would agree SHA256 isn't the most efficient algo, but we know there are many people with Asics looking to pull those miners out of the garage, and plug them back in for the sake of earning some BST.


+1


The Escrow Agent will return all BTC to BitcoinTalk Investors in the event the Bittrex ICO is not a success  - ( meaning 50 BTC or more not being sold ) . Bittrex will also set up a buy wall for refunds to those investors. The Invitational will be intended to provide a wholesale price to bigger investors giving greater incentive to the early birds.


I ask that you respect the thread rules, and not post negatively about our project. These post will be deleted from here on out. We are running a legitimate operation and will be 100% transparent. 

Hello,

Do we have time and dates for the crowdfund and ICO?

All Dates and Times will be announced shortly. Thanks for your support.

I think the continued transparency is going to make this coin take off (not that the diamonds wouldn't - lol). It is nice to see a coin cone out with the ability to use it from the get go.  I am close to Nashville, I would love to be able to buy a diamond with crypto in person and have the ability to shop the same day as I get coins from the ICO and mining - I am thinking I will double dip on this one if it continues to go as it has been outlined.

Liking what I see here. Dev looks to be the real deal, and certainly looks like he knows his products. We should call you Dr.Diamond ;)

Look good now.

How long does this first invite only stage last? there is a minimum of 50 btc to invest in this stage is that correct?

Roadmap looks good dev.

The Invitational will last a period of 7 days. The current minimum investment that will be accepted in this round is 50 BTC. If you wish to be considered for an Invite, please email us at BitStoneDevelopers@mail.com for further instruction.

Stones look great. Proof looks legit so far. Hopefully this will not fade and die like most coins of this type.

Thanks for stopping by the BitStone Pre-Ann. The BitStone Organization will strive to make notable change and promote awareness within the Stones Market on a daily basis. We plan to evolve the way people look at crypto and diamonds in the same light. With time and commitment the BitStone Organization will be able to not only tell you guys we mean business, but show you we mean more business than you thought! It wont take much time with the Incentivized Funding Rounds and Giveaways right around the corner.

We will have personal and BitStone Store contact number available shortly, but for the time being we will be here to answer any and all questions you have about BST. Look forward to your continued support.

Good roadmap,dev!

roadmap cool )
then waiting trex ico

Bittrex coming...?

Yes, the public offering will be on Bittrex according to the OP. That means either the development team has paid Bittrex for their services and/or Bittrex has confidence this is going to be a Bitcoin maker for them. Either way, is good news. Unfortunately, I don't have 50 BTC to invest in this coin. However, there will be a bitcointalk offering as well, where the minimum investment will be 1 BTC.  I'll see what I can do about scraping that together. For the second bitcointalk offering, you will even get a small Columbian emerald worth $170.00 for participating. ;D
Furthermore;  Mastertrader has some involvement in this coin. So I am sure there will be an opportunity to make a quick buck off this coin, if you trade smart...

They said it will be so hopefully soon.  ;)

Looking interesting, ill be keeping up with this one.

Thanks for the support! More updates and details on the way.

Looks like I've got some reading to do.  That'll have to wait till I get back.  Till then, good to see this moving forward Keith and Dev team.

SPREAD THE WORD ABOUT BITSTONE

Add BitStone on Twitter!

www.Twitter.com/BitStone_Devs (http://www.Twitter.com/BitStone_Devs)

Add ToshiDesk on Twitter!

www.Twitter.com/ToshiDesk (http://www.Twitter.com/ToshiDesk)

Add ME on Twitter!

www.Twitter.com/@MTRDevelopers (http://www.Twitter.com/@MTRDevelopers)

Will do. I like the look of this coin and its gems backing it up. such lovely looking stones btw.

Same here. It caught my eye and now I am watching to see how thing develop.

any news or dates ?

a lot of people are waiting for this.

Hello,

Thanks for the support.

Today I'm meeting with my supplier to pick up another $50,000 in diamonds and gems.

Then will be stopping by multiple safety deposit boxes, to pick up more inventory for photographing.

Will also be publishing the WhitePaper today here on the thread.

In talks with CoinsSource and BitStone will run through the Proof of Developer Verification.

Will update with pictures of new supply and more details later on tonight.

Thanks for the quick update dev. I also look forward to seeing the white paper, the pics and, details tonight.

I have been notified that there is an Unmoderated (aka fud) Thread about BitStone.  I am not concerned about the thread and have nothing to prove to the haters.  I know it sounds "to good to be true" but it is the real deal.  We are going through all the necessary steps to make sure we are completely transparent and verified.  My name, cell phone number, place of business etc have or will be published.  If anyone would like to personally take a look at the gems or verify we are legit, they are welcome to visit.  As a physician, I am held to certain moral standards and if I do not uphold them I risk losing my medical license.  As much as I love crypto, I am not willing to risk my medical license for a handful of Bitcoin in a scam. 

We as a team have decided to eliminate the Private Fund Raising and open it up to the public.  We have also decided to lower the minimum BTC to invest in Phase 1.  We are a team that listens to concerns and are willing to make adjustments as needed, but just because someone doesn't like what we are doing and wishes to stir the pot doesn't mean we are going to change directions everytime.  Kindness is not weakness, and we are dealing with a lot of money in merchandise and will not be bullied.

I will not respond to concerns that cannot be asked in a respectful manner and any posts that are inflammatory or hateful will be deleted. We are not looking to moderate the thread to hide or scam, but to allow the thread to be informative and useful.

Thanks,
Keith

Watching this

Thanks for the update.. :) Looking forward to the pictures and whitepaper

I notice that you've been working on this for a while from your Twitter feeds, isn't the WhitePaper prepared long ago? I still don't quite get the motive behind this coin since you'll be burning your cash/gems to backed this coin up. What will stop people to dump the gems and sell the coins for any amount of profits?

As you guys can read above, we are going to open up the first round to the public to eliminate any doubts that seem to be brewing up.

Things are going to be 100% transparent around here, and we will ask that you give us a legitimate time frame to prove ourselves.

This is the BitStone (PRE-ANN) - where we are looking for community feedback and looking to address concerns.

With the 200K BST Sale now opening to the public, we want to go over a few details about this offering:

1) The maximum pool of investments WILL NOT exceed 200 BTC.

2) The minimum investment that will be accepted for this offering is 5 BTC.

3) The 200K BST will be split up into sales lots ( 5 BTC = 5,000 BST ; 10 BTC = 10,000 BST ; etc )

4) These 200K BST WILL NOT be released until Funding Rounds 1, 2, and 3 are complete.

5) This sale can be public ledger for individual buyers that wish for their sale to be publicly mentioned. ( Not mandatory )

6) We will give away a diamond that appraises for a minimum of $2000 during this first phase funding round! - This prize will be delivered to winner before Phase 2 begins. The winner has the option of using the appraiser we work with or can pick out any Jewelry Store in the Franklin or Brentwood TN area to have the diamond appraised prior to it being mailed out, and appraisal paperwork will be included in the package. Each 5 BTC invested into Phase 1 funding round will earn a digital raffle ticket, and winner will be announced publicly here in this forum thread, and on BitStone Website.

7) This sale will start on 6/18/2015 and the duration of this sale will be (7 days) ending on 6/25/2015


We have been receiving some emails asking about the Phase 1 Sale, and we have been keeping up with them, so if you emailed us please check your email.

-BitStoneDev

Thanks for the support.


Here are a few pics:

This is one we just acquired yesterday evening.

Diamond below is 2.13 CT and  worth $35,000. The Diamond Cut is a "Round Excellent". The Diamond Color is "D"

https://i.imgur.com/czGWNYg.jpg

Here we have a 1.8 CT - list price $23,000

https://i.imgur.com/crrFImU.jpg

Here we have a 1.58 CT - list price $15,000

https://i.imgur.com/k8Kp0e9.jpg


Hello,

Whitepaper is 95%.

Had to revise some wording on the whitepaper due to the community wanting to modify the Phase 1 Funding Round to go public, which is fine...but we had to take the time to get that handled. Also needed to add 2 advisers to the paper that just agreed to sign on last night after our big purchase. Should be released shortly. Using our cash/gems to back the coin is the ideology behind truly "backing" BitStone with tangible assets, and our motive is to make BST valuable, so fill me in on what the issue is?

"What will stop people to dump the gems and sell the coins for any amount of profits?"

I'm sorry but the way you worded that question doesn't make much sense to me. I think I understand the question, but I would just like to be sure so can you elaborate further?

According to OP, 1BTC investment will receive $170 worth of Emerald so if I sell the gem for $100 then my true cost of the coins is $150 at the current BTC rate so I can sell them for anything above cost and still make a profit and bring the value of the coins down and in the mean time it cost you $170 + shipping + operating fees.

Hello,

Thanks for clarifying your concerns, I will be happy to address them.

We have played out that same scenario in our heads multiple times and have come to one solid conclusion.

Sometimes you have to give a little to get little. With the altcoin scene on edge with all the bs scams taking place, we must set ourselves apart from the crud...and give investors a little incentive to gain that following and support base.

People are entitled to do what the please with their emerald when they receive it. I can't stop somebody from selling it, and then dumping their BST.

We will have our buy walls in place to prevent the market manipulation possibilities. The BitStone Store will give people the option to sell the Emerald back to us if they please. That will also give them an excuse to come check out the store, and see what else we have to offer.

Thanks for your questions, and I hope I addressed them with a sufficient answers.

-BitStoneDev  

The Emeralds look real nice in color. Nice diamond buys too. Nice radiant round cut on those.

Excuse me, we will provide buy support where needed and if we see someone trying to manipulate our market...we will do our best to prevent it. We have not promised any buy wall for any guaranteed price. I will ask that you stop posting negatively and referencing our project to others. Thank you.

Once again I see you insist on making assumptions based on limited facts and knowledge.  Here is the link to my license verification:

http://www.armedicalboard.org/public/verify/results.aspx?strPHIDNO=ASMB20799

Secondly, I got involved with Paycoin as Josh was leaving.  I gave away thousands of dollars in gifts and donations all of which can be verified by the recipients.  

Also, if you look to the left and in my sig. (link to Twitter account named Whocares) you will note that it states I am also known as Whocares-- but I am sure you had good intentions when you posted that I have multiple accounts and was trying to mislead people.

I appreciate your continued hard work at trying to discredit our coin but you will fail.  I think if you concentrated on Bitz as much as you do others coins you would have a winner with Bitz.  Once again, thank you for trying to FUD the thread with malicious intent.  Time will prove you wrong.

Keith

Yes, we have several of the larger stones with Excellent Cuts - and they really pop.

The AMA is a voluntary registration to support legislature and receive publications, it is not a registration that has anything to do with a License to Practice Medicine.  Please get your facts straight before making unwarranted accusations -

I'm assuming brick and mortar stores would be involved? Which location(s) you have in mind?


What city/state are you based at?

I am in the Nashville TN Area and have spoken to a few Jewelry Stores that are interested in accepting BST once it is released and stabilizes.  They do have a web presence and the plan is to have 1-2 accepting BST before Christmas.  Anyone is welcome to view the Art/Gems we have and will have on the webstore with an Appointment - We will not be selling jewelry, only loose stones and art and hope to fill the gap of jewelry with a third party store.  Our address, LLC documents etc will be available on the website.  

I would like to invest in stage 1. I have 5 btc. I can't wait to see bitstone moon on the market!

Seems interesting, so how does this work how are we guaranteed an ownership of these gems?

I looked the dev up. All checks out. He must have seen a lot of snatch in his day. ;D ;D ;D


https://i.imgur.com/x2e1WrP.png

First of all, do you have any certificate for the diamond ?
Can you upload it?
GIA or EGL ...
Just to be clraify that is real diamond. Before I invest.

That looks decent. Getting more action than a toilet seat too probably. Still its a MD licence. 

Yes, give me a day or two and I will pull out some of the certified stones and upload pics of the certifications. 

I have a variety of certified and uncertified stones.  All of the big stones are certified, and all of the uncertified stones will have the option of us getting certified before shipping them out.  We will have several options available on the certification from EGL, GIA and GIA Graduate Appraisals.  Each one has its benefits, obviously GIA is the gold standard but EGL is respectable and has a much quicker turn around.  The GIA Graduate appraisal is done from a local appraiser and is less expensive and the fastest turn around.  We are aiming to make it as safe as possible and bend over backwards to make sure the customers of the gems are content with their purchases.  Lastly, each stone has a list price and those are dictated by the market, but we will be priced below current market/list price. 

Thanks

Obviously when the BST are released and mined, there will be some apprehension about making large purchases from the BitStone Store.  We have considered this in the planning of BitStone and have incorporated steps to alleviate some of the concern.  First, we are doing the Give Aways etc to establish some trust and proof of ownership. Those items will be received prior to the release of BitStone.  Secondly, we have no problem using escrow services on purchases.  We would request that the escrow person chosen by the buyer be a respected member of the community and that those fees be paid by the buyer. 

We are wanting to establish BitStone as the Premium Crypto Currency, and will take all steps necessary to ensure our reputation and reliability.  I think we have already shown we are serious about listening to peoples ideas as shown with the concern about the Private ICO, yet regardless of what we do I am sure the haters and FUD will continue.   

I think that once things get rolling we will set a new standard in Altcoins, where features and functionality of a coin will need to be in place instead of empty promises and deceit upon release.  Secondly, I think the days of "Mystery Dev's" are limited and the days of Dev's without accountability are limited as well.  We have a large number of people involved in BitStone development and our attention to detail will show in our coin release, the testing we have done with the blockchain and wallets , the detail in the Website and WhitePaper and every other facet of BitStone. 

Thanks...

It's about time someone releases something worth investing in, I will definitely be getting in on the first round of the ICO.  You guys have been more transparent than 99% of developers and have offered to meet in person and now offering to accept escrow.  Nice

Doc and Dev Team- f@$& the Fudders, it's apparent that a couple of them are developers and are scared you are onto something. Heaven forbid bst succeeds and then the standards are raised for those assholes.

Doc-- what's the lowest you would take for the big ass diamond - I can't afford it but I can dream 😁

Only accepting BST for it, so I cannot tell you until BST is released.  I hope you find something that appeals to you in the BST store. 

The more I see you guys holding your stance with your objectives, the more and more I begin to like you guys. I think this is going to be huge, and people are going to be hesitant until the first giveways are finalized. There is too much on the table for me to not believe you guys are real with what you guys say you are doing. I will be investing without a doubt, I want some diamonds. Good luck guys, and dont let us down.

D color diamond looks good. Guessing from the price, I would hope the clarity is a VS2 or better. ;D   Maybe an SI1 since the cut is excellent. (And cut is more important than clarity anyway.)

I love that you are obviously knowledgable about gems, yes it is an Excellent Cut and I will post the specifics on it in the next day or two-- most of the larger stuff I have or am acquiring is excellent cut - I have the opportunity to supply just about any stone someone desires and special orders will be accepted as well.  

And I agree, Cut is more important.

Load up on the GHI color .25 & .5 carat rounds that are matched pairs. Nothing like matched pairs so you can make stud earrings for your honey. ;)

I agree, when people start posting pics and comments after receiving the Give Aways I think it will help tremendously.  We are taking extra steps to ensure that what we are offering is exactly what is stated.  Example, the Ungraded gems we have were taken to a gemologist yesterday and we went through and I got an unofficial grade on each - receipt attached below - I want to be 100% certain that the Ungraded Gems are what is stated on the webstore - that way if someone does not wish to have it graded or needs it ASAP for a gift, they are getting exactly what we say it is.  

https://i.imgur.com/Q82cTlQ.jpg

I have lots of those sizes but not matched pairs - good idea and i will see what I can do to have some before the Store opens

When will you able to post preview of the wallet?

The wallets have been completed for some time, I will get a picture uploaded shortly.
Thanks

The above post is correct - i will post a couple of diamonds tonight that can be chosen from for the winner of the raffle.

Here is the wallet -

https://i.imgur.com/tFrOaTo.png

Thanks for the preview and it looks good, will there be a stealth address option? Will your company register with FinCEN?

We are in the process of applying for an MSB currently.  Currently the wallet does not have a stealth address option, we could add it if there are enough request.  

Hello Community,

In the process of uploading the Whitepaper to MegaUploads.

Will be published here in the thread within two hours.

Thanks for the community support.

-BitStoneDev

Hello Community,

We present to you the BitStone Whitepaper.

http://www.databorough.com/images/whitepaper_icon.png


Enjoy!

-BitStoneDev (https://mega.co.nz/#!TAJy0TrL!z5lERkruCTGo1iEiDctGpdL5W-yl1VzW3kl3VRboKFE)

Paul Revere

There is no issue with you asking an appropriate question, but I have yet to see one from you other than "Is there an issue with asking a question here?"

There will be no tolerance for insults or inaccurate accusations.  I will answer this one time and one time only.  I started participating in Paycoin actively as Josh was on his way out, I was never a part of any of his scams and kilo17 was banned on HashTalk which is why I created Whocares.  I understand that you Paul Revere have a grudge against Josh, and a lot of us hate what he has done, but just because I owned some Paycoin and participated in HashTalk does not make me a scammer.  

The info you mention about the Gold business is misleading as well, I was going start a business accepting Paycoin and it was selling the same Gems I am here, and to draw in customers I was going to offer Gold and Silver at a discount below spot price. In the typical Paul Revere way, you insulted me and called me a liar.  What is apparent is you never consider the possibilities of the business being subsidized, which is what was going to happen.  Before you ask, it was not Josh Garza.  What I did realize was that putting that much effort into a Paycoin Business
was a bad idea, which is what gave me the idea about BitStone.

It is apparent you want to do nothing more than ruin anything you think is associated with Josh Garza, good luck on your endeavors.  Josh Garza has nothing to do with this coin and never will.

I have not changed my name on here and if you read the thread you will see my name from other Forums is mentioned just below my name on here.  I have been posting as Kilo17 on this thread since the beginning.  

Two things are certain:
1- I am sure you and your buddies will post about this on your 2000+ page thread and it will be nothing more than a bunch of childish insults.
2- I do not care what you think.

So if you post any further questions they will be deleted unless they are written respectfully and do not contain insults.

Lastly, I will have your last post deleted as well since it contains the same foul mouth and insults.

You tell em Doc! Little childish fud attempts anyway. They see you on to the next best crypto, and those same trolls will be the ones to come see you're store. They have nothing better to do dev, that is rather apparent.

this coin looks so amazing. the minimum entry price is too high for me right now but I can wait until they become available on the exchanges since the opportunity is so good.

Thanks, it will be lower in subsequent rounds. 

So it will be cheaper for me to buy now rather than later correct?

Yes, that is correct.

what i read there it means u need to wait, because the price only get lower when on exchanges.. -.-

Anyway i like the proofs and the pictures. Bad thing is i saw this many times before, also with a coin what was backed by gold. We saw the pictures from some massive gold bars here on bitcointalk, also documents what should proof the gold was not fake etc, 1 week after coin launch and ico was inside the wallet from the dev, dev was gone.

It's very hard to get trust at this time of the year for new coins, even with all those pictures. On the pictures you can not see if the stones are reall, and if they are you still dont know if it's from those dev team. Also not a paper will confirm it. The only proof we have right now it's that the dev got a newby account what means you take a big risk when join a ico.

I hope you wont delete my post, because i try to get some answers on my toughts, i dont mean it as fud ( because i'm not 100% that it will be a scam )
I will join in the pow status anyway for max 24 hours..

I have no reason to delete your post - Let me first say that I am the Dev of the coin along with a team - The BitStone_Dev account is to post the updates to decrease confusion.  I take responsibility for everything stated and assume the risk of BitStone.  We are taking all the measures to show we are legit.  I am very aware as is the team of people not believing it is real or that it is a scam- that is the reason we are going the extra mile.  I do not wish to prove it with words, we will prove it with our action.

Keith

Who is Mastertrader777 ?

Never know whoever is that before.

Very interested in this.  Can only do 3 btc for the pre ann.  Will do more in the other rounds.  Looking forward to this one.  I am just waiting on a transaction id and I will post it on a reply to Bitstone Dev.

Thanks much!

Thanks for your reaction, we will see were we will get!

Someone who I respect and trust.  He helped me trade before with my own btc, made me money, and sent it all back to me.  He has my trust + 100

He is also a hardworking person, highly educated in the alt coin industry, transparent in his doings, always delivering, and always keeping everyone informed.

This man works night and day and leaves no detail unturned.

He also has his own coin:  MTR (With a full seven stars, I might add)   I was impressed with consistent updates, transparency, and quick support.  Toshidesk is constantly being improved.  He is straight up No BS.   And he endlessly stays involved with his supporters. 

I love this wallet

No coin creator on this one, sorry to disappoint you.  Have you seen very many coincreator.net coins with our wallet? Me neither.  
I see you promote Diamond in your signature, funny thing is the Head of the Diamond Coin Foundation contacted me a couple of months ago about setting up a shop for Diamond coin... Nice guy and very dedicated.  Please do not post FUD on our thread

Unfortunately I will now have to delele your post since you modified it to include insults, but the original post is quoted in this post and will remain.

I like the wallet too. Green is also my favorite color. The wallet does not look generic and you can see it was created with Qt5. It has a similar look and feel to the MTR wallet and that wallet works perfectly.

Thank you, glad you guys like it!

Wallets and Source will be released after the 3 incentivized funding rounds.

Source is also scheduled to be reviewed by "Earlz".

Any questions, comments, or concerns please post them here!

-BitStoneDev

some related discussion and a test how moderated this thread is  8)

I appreciate your input, and in no way was I insinuating that DMD was associated with BST.  I was merely stating that you initiated contact with me and that we went our separate paths.  I wish you would reread what I posted on the DMD thread and you have posted here.  It states that our conversation encouraged me to start BST - from the way it reads that was a compliment.
 


Cheers

I am loving all the Bling Bling - Maybe I will invest in all 3 rounds - I have better chances of winning a Diamond in Round 1 - A Picasso in the Raffle - A few Emeralds in the Second Round than I do of hitting a block mining Bitcoin, and it would pay WAY better

 ;D

That is true, I hope you win something.  Regardless you will have BST to purchase what your heart desires in the BST Store  ;)

I never win raffles, but I'll sure take the free Emeralds. 

Thanks for the support!

any FUDDING by DMD investors here is not productive

i cant see it because u might have moderated the thread

else i would know who wrote what and could ask them to stay polite

that our both coins position themself in a similar corner of crypto ecosystem
sure will lead to contact between us and we might share some investors interested in real diamond/gemstone and crypto

a access of DMD Diamond on ur gemstone market might be nice for u
to have a lower entry barrier in direction DMD Diamond investors to use ur services

our future plans are more in direction B2B implementations
and we dont want to create competition for our B2B service users by create a own B2C solution at first step

our B2B solutions i can estimate will be a nice addon to ur ability fill ur shop in future
but we not ready to release more details about it now

so even if in same corner of this ecosystem we seem to have different focus of service
so im sure we can keep the competition and community dispute about whats the better solution at a low level

i dont want to compare pear with apple
both can be nice tasting fruits if no worm inside

I will be buying in this round before its up. Making a few exits on trades over the next few days, and will send mastertrader the 3-4 btc. I would love to win that diamond. Can you post picture of the diamond we can possibly win in this phase? I would like some details on it too please.

How large is the premine?

Read the original post or the whitepaper. looks like all the coins will be sold over the 3 phases plus mining period.

How will the gem supply keep pace with the increased coin supply that will come from staking?

What will you do with the coins after someone buys gems from you?

The dev must be delivering a baby right now. The FUD is piling up higher and deeper. Hope he comes back soon to delete all this trash. :D

Well, I guess since I got butthurt by XPY too, I should just cash out all my coins and BTC, take my money out of the bank and stuff it under my mattress. Or better yet, covert my money to gold, and stuff that under my mattress. And I will make sure I have an alarm system in place as well as a few pit bulls to guard my stash. Of course, some rich guy could manipulate the gold market, and cause it's price to crash. So I'd still lose my ass. :D

It's in the whitepaper.

Wanted to post some new pics before deleting all the FUD from Suchmoon and Paul Revere, 2 of BCT's most outstanding members.

Here is a .72 ct with the Certification and the BST name.

https://i.imgur.com/xH9vPNv.jpg


https://i.imgur.com/BOUiylA.jpg

And the 1.8 ct I have been teasing about.

https://i.imgur.com/r6Que5q.jpg


https://i.imgur.com/CJWk5th.jpg

LOL

You deleted a post asking who's the escrow agent and then a post with a screenshot from the whitepaper.

Why do you not want anyone to know who's handling escrow? Why are you hiding your own whitepaper?

http://i.snag.gy/bZuMD.jpg

Paul Revere - I do not care what you post elsewhere.  It is apparent to anyone that reads your post that you are nothing but a troll.  You are welcome to post whatever you want with "Freedom of Speech" but I am also able to decide what is a "Limitation of Free Speech" and delete them accordingly.  I will be happy to leave all of your post on here if you would post your real name on the thread so that you can be held accountable for what you say.  

I am 100% sure that will never happen because you can only say the things you do when hiding behind the name Paul Revere.

Sorry Suchmoon - I will leave that one- I have no reason to delete it

Paul Revere - I will delete posts that link to your FUD -

BitStone_Dev is an account that several of the team use to Admin this thread - I have not posted with it until today because there was no need.  Unfortunately the only account that can delete your FUD is the OP.

Why do you refuse to answer basic questions about what you are trying to sell? Why are you claiming that this is a "Fair Launch", when there is a 93% Premine? A Fair Launch means that EVERYONE has an even chance at getting coins, what you are proposing is the OPPOSITE of that. YOu are putting 93% of the coins in your pocket before launch. Pure scammage.

I will answer questions that are asked in a respectful way - and do not make unwarranted accusations.  Accusing me of scamming is uncalled for since I have never done any scamming.  Please provide proof other than the fact I posted on HT and own Paycoins.

The coins you are referring to will go to the investors only.  Not into the hands of the Developers.  You are free to mine the coins that are available to mine if you do not want to invest

Once again I will delete your post linking the FUD but will answer your questions:

1- The coins are mined, held and distributed to the investors.
2- The exact number of investors is not known
3- There is a ledger kept as people invest.  The investments will be noted in the 2nd post of this thread.

I am not asking you to invest and I am not asking you to believe me, I am asking you to please leave this thread alone and stop posting here.  If this continues I will delete all further post from you.  It is also apparent you do not want to invest or mine BST, and that is fine, but I will not allow you to derail this coin.

Paul Revere - it was deleted because you continue to put a link to your FUD at the bottom

It is obvious you have an agenda to destroy this coin only because I owned Paycoins and posted on HT - because if it is the ICO that concerns you then you would do the same on the other ICO coins, but you do not - unless you identify yourself all of your post will be deleted.  I am not required to read or respond to your post and will not play your games of taking comments I make out of context.  

Will you make all addresses public so it can be proven that the coins go to investors only and not into your hands?

We are not trying to hide anything, we will handle it with complete transparency.  I have no problem posting addresses.

All we are asking for is the opportunity to prove ourselves.  I hate what JG did as much as anyone but owning XPY does not make me a scam artist.  We have been more open and honest than any other developer I can think of and will continue to be.  If things are not to your liking then post about it, but please do not destroy BST based on your hate of JG and at least give us a chance to do something positive for crypto.

Paul Revere - for the third or fourth time -- I will not allow you to post links to your FUD

The only link is to an archive of THIS thread. Why are you refusing to answer the most basic questions about your coin?


You are not being open or honest in the slightest way. You are deleting nearly every question that is being asked. Your coin specs clearly make contradictory claims (blocks 0-100 having ZERO coins awarded, AND having 1,200,000 mined coins). Please explain exactly how these coins are being created, and whose wallet they go in.

And, again: Why are you deleting this?


How doess asking a couple of very basic and 100% relevant questions about your coin suddenly mean that "It is obvious you have an agenda to destroy this coin only because I owned Paycoins and posted on HT"? News: It doesn't.

Here you clearly state the the first blocks will have ZERO coins awarded, and you also say that 93% of the coins will "be mined" before mining starts. That does not make sense. Where EXACTLY are these 1,200,000 premined coins coming from?

https://i.imgur.com/ExSvHu8.jpg

And, are you going to answer these basic questions?

https://i.imgur.com/eodQZiS.jpg
https://i.imgur.com/0bc66QG.jpg
https://i.imgur.com/TUmOFX0.jpg

https://archive.is/bSpXD

Please stop being combative and trying to avoid answering the most basic of questions.




https://archive.is/o8lvW

If that's the case why did you delete the post pointing that out?

And who is the other member of the team who created the OP and was referring to kilo17 in third person?

I'd like to start asking on-topic questions about your coin but it looks like you'd rather delete posts than answer anything that you don't like. Why is that?

I suggest to create a separate topic titled BitStones is scam. I am willing to support it. We must tell people the truth about premine

Already created.

We see you guys have some questions, and we are here to answer them.

We have no problem answering your questions but from here on out can we please make the way in which you ask them a bit more polite?

Nevertheless, thanks for asking them, and please read our response to your concerns below.

About the Coin Spec Page Vector, simple typo that needs to be changed from "0" to "2". We don't think you can deny that we have been completely open about the 1.2M being set for the funding rounds. With "Fair Launch" listed in the vector, this signifies that it will be fair for all miners to get their hashing power locked in to take part in the POW phase before blocks start to reward.

As you can read in the CoinSpecs Vector the rewards are as followed:

(34) actual Bitstone per block between blocks  - (101-750)

(8.5) actual Bitstone per block between blocks  -  (751-1,440)

(1.5) actual Bitstone per block between blocks  - (1,441-43,200)

The 1.2M on block one will be split up into (3) wallets, and these (3) wallets will be publicly available for audit. Address WILL be posted here on the thread and those (3) wallet address will account for (3) purposes.

Wallet 1: This wallet will hold 200K BST. This 200K BST will be set aside for The Invitational (Phase 1 Funding Round) * This is listed on the Coin Specs Vector Page as "Private Investor Round" - We have listened to the community and made the change to not make it private and opened this round up to the public that wish to invest 3 BTC or more. (This edit will also be made) This phase will also be incentivized for investors with the BitStone Organization giving away a diamond appraised at over $2000 USD! This prize will be delivered to winner before Phase 2 begins. The winner has the option of using the appraiser we work with or can pick out any Jewelry Store in the Franklin or Brentwood TN area to have the diamond appraised prior to it being mailed out, and appraisal paperwork will be included in the package. Each 3 BTC invested into Phase 1 funding round will earn a digital raffle ticket, and winner will be announced publicly here in this forum thread, and on BitStone Website.

The ABOVE WALLET ADDRESS WILL BE PUBLIC.

Wallet 2: This wallet will hold 300K BST. This 300K BST will be set aside for The BitcoinTalk General Public Offering (Phase 2 Funding Round) Snip from the OP : BitStone Developers will launch the next phase of BST distribution on BitcoinTalk Forum. This Public Coin offering will provide the general public the first chance of owning a share of 300,000 BitStone. This coin offering will span over the period of (7) calendar days. The minimum investment amount that will be accepted by the BST Developers in this round will be 1 BTC. BitStone Developers are adding an amazing incentive to invest, and for the first time your crypto investment will almost pay for itself! Each Bitcoin invested will earn the investor an Emerald valued at over $170 USD, shipped overnight to the address of your choice!

This offering will pack in another incentive to invest. Snip for the OP : The BitStone Team will also host a raffle for chance to acquire a one of a kind - $10,000 USD appraised Picasso Print! This Picasso will come with all appraisal documentation and certifying paperwork and is available for review upon request. Currently this Picasso would sell at auction for bit more than the appraised value. During this offering investors will be able to purchase raffle tickets for the cost of .1BTC each for a chance to win the Picasso Print. More details about this raffle in the OP.

The ABOVE WALLET ADDRESS WILL BE PUBLIC.

Wallet 3: This wallet will account for the last 700K BST out of the whole 1.2M mined on block 1. This final phase will account for the 700,000 BitStone in Wallet 3; to be hosted on the popular trading exchange Bittrex! This Coin Offering on the Bittrex Exchange will last a period of (14) calendar days, and a minimum of 50 BTC must be raised for the Bittrex offering to be considered a success. During this final phase raffle ticket purchases for the Picasso Painting will be open to the general public for a donation of (.2 BTC) *per raffle ticket*. Lastly, the coin price for this final phase will be calculated after Phase 2 offering has ended, and will be set at a 200% markup based on Phase 2 valuation...This provides more of an incentive for investors to get in the earlier phased offerings, strengthening the value of BitStone!

The ABOVE WALLET ADDRESS WILL BE PUBLIC.

Wallet 1 (200K) BST + Wallet 2 (300K) BST + Wallet 3 (700K) BST = 1.2 M BST - Which will all be publicly available for AUDIT.

The other 90K BST in Coin Supply is what we anticipate being minded during the POW Phase.

To clear it all up for you guys, that would make 1.2M BitStone in (3) Pubically Available Wallets * Discribed above * + The POW Phase coins 90K = a supply of 1,290,000 BitStone

We see some other questions about why we deleted some post made here in this thread We can answer those questions. First off, if you 2 were to kindly ready the OP your questions about why we deleted some of your post, would be answered. Some of them can stay, and we don't wish to censor anyone with questions, but sometimes they can be malicious and cause harm. We have a lot of money at stake here...so we don't like to see that on the thread. Sorry if any of the post we have deleted has caused any inconvenience, but we hope you understand the reasoning behind the removal of those post.



Looks like you are simply talking about the BitStoneDev account, trying to push the fact that there is more than one person with the login credentials. This is simply because Dr. K wanted to have the logins just in case attempts to attack the thread appeared. He is entitled to the rights of this account, just is much as anyone else on the team. Dr. K is doing more than any other developer has ever done for this sort of offering and deserves some respect here guys.

Time to let things run its course is obviously what is needed here in this situation. Time will not only show the community this project is legitimate, but also that we are dedicated to opening up another sales vessel into the Altcoin-Gemstone Marketplace. The community members that have previously posted in this thread have asked questions in a polite manner, and we have gone above and beyond to ensure they have all been answered.

Some community members wanted proof here and there about certain things, and we satisfied the concerns of these community members with professionalism in mind. Our point here is the way in which these community members asked those questions...they asked them with respect and received the same respect in return from the BitStone Team.

Why is it so hard to be respectful and ask your questions politely? We are open to your questions, but please keep them in a respectful manor or they will considered a malicious/harmful and WILL be deleted.

Do we make ourselves clear here?

-BitStoneDev

 

Respect is earned, not declared. Respect goes both ways too. And disagreeing/criticizing does not mean lack of respect unless you attended Garza's school of Interwebs etiquette.

I consider it highly disrespectful that you posted four paragraphs in an accusatory tone and yet did not answer the simple questions:


 

We can respect your response and will do everything in our power to earn that respect. That process in which we attempt to earn that respect will start now. Lets just be on the same page with trying to avoid the harmful tones, and ask your questions in a respectful manor.

The Response above was a broad response for everyone, not just you...but we have no problem addressing individual concerns one by one as we already have been.

"If that's the case why did you delete the post pointing that out?"

The reason your posts were deleted is because parts of your post broke the thread rules. I have explained the reasoning's for that above SuchMoon.

"And who is the other member of the team who created the OP and was referring to kilo17 in third person?"

Are we talking about this?

"Founding member Dr. Keith Harville, has actively been engaged within the FinTech (Financial Technology) community continually advocating the emergence of digital currencies. He has personally set aside over $1,000,000 USD in precious gems, and artwork as assets for the newly established digital currency BitStone (BST.) The multibillion dollar global precious gemstone market has historically been an aggressive economic ecosystem with wide appeal to the masses from the poor to the very rich due to product desirability for jewelry, collecting and investing. The rarity of precious gemstones have for centuries been collected by the wealthy due to their high concentration of value in a very small package making collecting, storing and the transport of vast wealth more practical than heavy and bulky gold and silver."

The above excerpt was a snippet from "The Founder" Section of the Whitepaper. We considered that more of an opening tone, and felt it fit best where it sits on the OP. The OP was constructed using multiple sources of content created for BitStone. This content was written by multiple members on the team. The Team Overview is outlined in the whitepaper, and we kindly ask that you read it. We hope you don't think we are being rude in that sense of asking you to read it.

"I'd like to start asking on-topic questions about your coin but it looks like you'd rather delete posts than answer anything that you don't like. Why is that?"

As we have mentioned in the above post, we have no problem answering your on-topic questions Such Moon. Post that were deemed harmful and broke the rules were deleted. We will answer anything you have on your mind, but like - we said ask that the way in which those questions be phrased in a respectful manor. We hope that's not asking to much.

We look forward to answering more your questions, and hope our answers to your recent quesitons mentioned above have eased your concerns.

-BitStoneDev

So now the story is that you just "forgot" that Block 0 is actually 1,200,000 out of 1,290,000 total coins instead of the zero coins you stated, and that these 93% of the total coins go directly into the coin developers wallets, and that you accidentally said that this 1,200,000 coins don't go into your wallet when in reality they actually do.  Is this correct?

https://i.imgur.com/ExSvHu8.jpg

How is it verified that you are not simply creating smurf accounts and giving yourselves however many coins you want to, thereby screwing all of the people who actually pay for them and also deceiving them into thinking there is a massive amount of investors? This is a large part of how Josh Paycoined you Paycoiners with Paycoin, by the way.

what happens to the remaining coins if all 200k aren't sold?

The number I am seeing is 1,200,000 being premined, not 200,000. This is 93% of the stated total coin limit of 1,290,000 coins.

I feel that you are still avoiding straight answers to simple questions. Let's try again.

Which specific rules did my post break? Which parts of that post broke the rules?


I was talking about the bolded parts in my post, which you deleted. See how that makes the discussion awkward?

Specifically, BitStoneDev poster was referring to Dr. Harville as "he". So who was posting from BitStoneDev account in those instances?


I did. There are only two members of the team mentioned. I can post it here if you forgot:


So you're saying MasterTrader777 was the one referring to Dr. Harville as "he" in the early part of this thread? Are you MasterTrader777? Are you Dr. Harville?

If there are more members in the team you should disclose that. You should also disclose the identity of MasterTrader777 if you're all about transparency.

Edit - I think this guy might be MasterTrader777. The whitepaper doesn't quite make it clear though.



You are claiming to own $1m worth of gems without any proof apart from pictures of a few appraisals and you are offering to sell them to strangers on the internet with a hefty markup. I think that alone deserves some healthy skepticism. Add a self-moderated thread to the mix and this is smelling really really bad. I hope I didn't break any rules by stating an obvious fact.

yes... i'm also clearly seeing round 1 is 200,000 coins, coincidentally i may be asking about that.

I see here are afraid of the truth otherwise why delete messages that reveal the  eye for the users on this coin?
https://archive.is/oB8iS

I have another very simple and direct question: Is the HashTalk member "ColdCoiner" involved in any way with this coin? Yes/No.

Edit to add: While I am thinking about it, is Carsen Klock involved in any way with this coin? Yes or No.

Protip: Tell the truth because this WILL eventually come out if you lie.

I do not understand why it was to remove my post.
It was enough just to say that you did not communicate with the service http://coincreator.net/ and  you have hired  own developers that would want a big jackpot.
But why it was necessary to create a premine - 93% is a lot.
Even a scandalous paycoin a took  less.

Wow, another mysterious coin  :o I can see that over the past few months has increased the number of people who want to repeat the path paycoin. Only a few people make good money on it by selling your peremine 12 - $ 15. The remaining customers were left with bare ass.
 I do not think that you will be able to attract the money of people who have been burned in this market. But it is possible that a pair of hamsters maybe does get into your network  ;D

"So now the story is that you just "forgot" that Block 0 is actually 1,200,000 out of 1,290,000 total coins instead of the zero coins you stated, and that these 93% of the total coins go directly into the coin developers wallets, and that you accidentally said that this 1,200,000 coins don't go into your wallet when in reality they actually do.  Is this correct?"

Hello Paul,

Not really so much of a story at hand here. Looks like we are trying to make a bigger deal then is needed for the typo. For you to say anyone "forgot"anything is a bit far fetched Paul. There are multiple sources that dictate the use of the 1.2M BitStone, and the fact that it says "BLOCK 1 - 1,200,000 BitStone" throws your theory of us "forgetting" about anything out the window. It is clearly stated with great detail everywhere you look, and we went above and beyond to show the community that an investment with us will be fruitful. What other coin development team has taken things to this level of giving back every step of the way? The answer to that question is none, and we can understand that is why you're raising the concerns you are...but time is of the essence here, and we ask that you give us that time to prove we mean business. 

"How is it verified that you are not simply creating smurf accounts and giving yourselves however many coins you want to, thereby screwing all of the people who actually pay for them and also deceiving them into thinking there is a massive amount of investors? This is a large part of how Josh Paycoined you Paycoiners with Paycoin, by the way."

The question you are asking above is one that has gone unanswered for the entire life of crypto currency crowdfunding. The only way that it is possible to achieve a morsel of success in doing what you asked above is to be as transparent as possible Paul. That means not only does the development team need to be transparent, but so does the investor themselves. There has to be investment rules in place that are catered to preventing such fraud like activity( fake accounts, shill account buying, etc ). One of the most important rules that's structured into this measure of preventing fraud like activity is : NO INVESTMENTS from NEWBIE accounts will be accepted. We will make sure that each investment received in Phase 1 and 2, is from a BitcoinTalk user that has sufficient history and is 100% comfortable with giving us a few sources of identifying contact information which will assist the BitStone team in determining weather or not the investment received is true and legitimate. Now with the Bittrex offering, we don't think there is anyway we can prevent others from whale buying, bot buying, waiting until the last min to buy, etc.

We understand there have been a few mishaps that have taken place in the crypto community, and completely see why the questions and concerns are surfacing from some people here in this thread.

We would like to invite any and everyone to come visit us here in Brentwood/Nashville, TN area.

How about we do this? The first 3 people to pay Dr. Keith Harville a visit and have lunch with him to go over the business plan will receive a free emerald, and a major discount on their first purchase inside the BitStone Store. The reason we propose this, is so respected people from the BitcoinTalk/Crypto community can come see what we have to offer and get a first hand look at the goods. With that being said, at the end of this meet and greet we will have hoped to earn your trust and respect. The only thing we would ask you folks to do is post a picture with doc and write a little blog here on this thread about your experience.

Let us know your thoughts on this.

-BitStoneDev

Saying that there are no coins in the first 100 blocks when there are actually 93% of the total coins in those blocks (first block?) is NOT a typo. It is intentional deception. Then continuing on from there and claiming to have a "Fair Launch" only deepens the obvious intentional deception. Putting 1,200,000/1,290,000 of the coins in your pocket right off the bat is NOT a "Fair Launch".  It is the opposite of fair.

Edit to add: So you are saying that you have no intentions of even trying to verify that there are actually investors, and also have no intentions of even trying to prove that you and the rest of the "team" are not giving yourselves massive amounts of coins.

I decided to ask someone such Carsen Klock and found very interesting information in this topic https://bitcointalk.org/index.php?topic=268941.msg11060611#msg11060611

OVRGRO,

Thanks for your question.

We do have a backup plan in place will go over this below.

In the event all of the coins don't sell in Phase 1 or Phase 2, they will be moved immediately to Wallet 3 and be hosted in conjunction with the Bittrex Sale.

Wallet 3 will hold 700K BST originally and be available for audit at any time, as previously mentioned. 

I'd like to run out and example of how this scenario could potentially pan out.

If The Public Invitational only accounts for the sale of 85K BST -- that would leave a remaining 115K BST unsold out of the 200K offered in The Public Invitational. (Phase 1)

Those 115K BST that were unsold would than be added to Wallet 3 and be hosted with the other 700K BST , making it a total of 815K BST for sale during Bittrex offering.

The same scenario will apply to the Phase 2 offering.

If Phase 2 only accounts for the sale of 200K BST -- that would leave a remaining 100K BST unsold out of the 300K offered in this phase.

Those 100K unsold coins would then be moved to Wallet 3, and sold on Bittrex in full with the others proportionate to the rest of BTC invested.

With the scenario panning out exactly as described above, we would be looking at 700K BST + 115K BST (Phase 1 UNSOLD) + 100K BST (Phase 2 UNSOLD) totaling 915K BST to be sold during Phase 3 on Bittrex Exchange.

This is our PLAN B/PLAN C simplified in the fairest way possible.

Please let us know if you have any further questions.

-BitStoneDev

Still referring to Dr. Harville in third person and still refusing to identify yourself? Why?

As for your whitepaper and transparency - you should have someone proof read it. There are contradictions, e.g. it states that 10% of total supply will be reserved for POW (129k coins) but elsewhere (including your website) it was stated that POW is 90k. Speaking of the website, take off those Lorem ipsums, it's an embarrassment.

So please stop referring to your whitepaper as a source for answers because it can't be trusted. Just state the answers right here in the thread in full coherent sentences and if you want to fix the whitepaper - that's up to you.

You can start with this:


Doesn't make any sense whatsoever. Just state exactly how the reserve is going to be formed, used, and audited instead of this fluff-speak.

Also take out the statement about escrow since you don't have one. That's called lying.

"Is the HashTalk member "ColdCoiner" involved in any way with this coin?"

The answer is No.

"While I am thinking about it, is Carsen Klock involved in any way with this coin? Yes or No."

The answer is No.

"Tell the truth because this WILL eventually come out if you lie."

The truth has been told Paul, no reason to lie about who is involved with this project.

-BitStoneDev

Excuse the delay in being able to answer you guys, there is a 6 min delay in between post.

Ok let me just reiterate what we previously typed to you there Paul.

It was a typo, and will be rectified asap.

We will not continue to go back and forth on the matter of you trying to call us deceiving over a typo that is clearly identifiable as a mistake. Right above the typo it lists " Block 1 - 1,200,000 BST." I have given you a clear detailed explanation for your question already, what are we missing here?

"Putting 1,200,000/1,290,000 of the coins in your pocket right off the bat is NOT a "Fair Launch".  It is the opposite of fair."

The section was written to represent block rewards Paul...This is clearly stated above the pack of numbers on the vector.

With the typo edit fixed it will read " Blocks 2-100 - 0 BST " ( As in blocks 2,3,4,5,6,7,8,9, etc to 100 will reward 0 BST ) That is our definition of a fair launch for miners. Its pretty simple so please let us know if you have any other questions on this matter, and we will be sure to clarify further if needed.

"Edit to add: So you are saying that you have no intentions of even trying to verify that there are actually investors, and also have no intentions of even trying to prove that you and the rest of the "team" are not giving yourselves massive amounts of coins. "

The answer to your question has already been answered. Allow me to re post it here for you.








"Which specific rules did my post break? Which parts of that post broke the rules?"

The tone wasn't acceptable and Dr.K, deleted it. No further explanation is required at this point. We have gone over the reasoning and wish that you will begin to take heed of our previous explanation given and go about asking your questions in a pleasant manner, or they will be removed.

"Edit - I think this guy might be MasterTrader777. The whitepaper doesn't quite make it clear though."

This account is being used by all members of the team, and the Team Overview is something you obviously didn't have the chance to read? You are simply looking on Page 2 of the whitepaper. If you will, please go ahead and read the whitepaper in full, and you will become aware of the current members of the BitStone Team.

"I was talking about the bolded parts in my post, which you deleted. See how that makes the discussion awkward?"

Like we mentioned your dialect has been more negative so far, and the way in which you were posting in this thread was NOT acceptable, so yes those post where deleted. Sorry about any inconvenience that may have caused. 

"Specifically, BitStoneDev poster was referring to Dr. Harville as "he". So who was posting from BitStoneDev account in those instances?"

The BitStoneDev account was being used by MasterTrader777 at that time.

"You are claiming to own $1m worth of gems without any proof apart from pictures of a few appraisals and you are offering to sell them to strangers on the internet with a hefty markup. I think that alone deserves some healthy skepticism. Add a self-moderated thread to the mix and this is smelling really really bad. I hope I didn't break any rules by stating an obvious fact."

How about you come see everything we have in inventory? We are inviting you and the ball is in your court SuchMoon.

You have said : "and you are offering to sell them to strangers on the internet with a hefty markup"

We will ask, yet again that you do your research before making accusations such as the one mentioned above.

Dr. K (kilo17) has mentioned multiple times that he will be selling his stone supply lower than market value and will abide by that statement.

Thanks for you questions,

-BitStoneDev

unlicensed & unregulated escrow services might lead to criminal and civil sanctions at least in CA

edit: so do you have a license number or company name we can search for to validate this escrow to be trustable & real and not some random dude who is actually part of the dev team

Making block 1 have 1,200,000 (93% of the entire total) available for YOU ONLY to mine and put in your wallet and then allowing everyone else to mine the other 7% is NOT a Fair Launch. Face it, it isn't and never will be. Saying it is a "Fair Launch" is a direct insult to anyone with a lick of common sense.

Also: Please explain why it is better to buy these coins and then purchase "gems" with these coins instead of just buying gems. The only reason I can see for this coin is to put other people's money in your pockets, using he lure of a promised value that simply makes no mathematical or economic sense at all.

+1

Scott-

+5
You are absolutely right.
 Now this market is very small the open and honest coins.
Almost all new coins are trying to follow the path premine.
The more people talk about this issue, the more to be respect for crypto currency.
Why turn this market to the zoo where a handful of puppeteers a milking unsuspecting users..

It's abundantly clear the detractors do not understand that the inventory of loose gems has to be paid for somehow. You can't expect the doctor to shell out 6 figures and not want to be compensated, somehow.
Also, the standard markup for gemstones and jewelry is 25% through 90% in the industry.
It is clear that the valuation of the gemstones is retail, not wholesale. So, it is clear that if someone uses BST to buy a gemstone, a certain percentage can be liquidated to buy back replacement inventory. With the markup, the retail value of the inventory will end up being more.

I already knew a developer who tried to implement the idea of selling gems with name emerald. The case ended badly.
http://abload.de/img/emd-emz-development-d75oqz.jpg

If find it disrespectful that you're accusing me of not reading the whitepaper even though I repeatedly quoted parts of it. For example this as it pertains to the structure of your team:

Which page is that from? And while we're at it - can you confirm that Rich Territo is MasterTrader777? Are you MasterTrader777 currently posting as BitStoneDev? Are you Dr. Harville currently posting as BitStoneDev? Could you please just sign your posts or better yet - post from your real account so that we would know who is who and put an end to this ambiguity?


How would that help? Even assuming that you could somehow convince that you have $1m worth of stones - what am I supposed to do with that information? Post here and tell everyone "trust me"? That's ludicrous. It's YOUR job to convince investors. Anyone reading this thread so far should be terrified at the vague and confrontational excuses you're providing.


It is stated in your own whitepaper that for each 1 BTC invested you will ship $170 worth of gems. That sounds like a 50-100% markup. Since you're not explaining how the reserve works I can only assume that the remaining 0.5-0.25 BTC would go into the reserve but the expense structure of the "organization" is not specified either. Is it going to use the ICO sale proceeds to fund itself and to what extent?

You're asking for $1m or even up to $6m (following your own valuation of $5 per coin) of investments with nearly zero details of how that money is going to be used.

You have not addressed the obvious math flaws yet (10% vs 100k vs 90k for example).

You seem to be contradicting Mr. Doctor here. He said coins are going to be sold below market value and he said I'm making an "accusation" when I mentioned hefty markup. He also claims this:


So you're saying the whole thing is about him selling those gems to the BitStone ICO investors?

"Making block 1 have 1,200,000 (93% of the entire total) available for YOU ONLY to mine and put in your wallet and then allowing everyone else to mine the other 7% is NOT a Fair Launch. Face it, it isn't and never will be. Saying it is a "Fair Launch" is a direct insult to anyone with a lick of common sense. "

Things are a little different when the coin set for launch isn't just some flash in the pan pump and dump with no overhead or assets backing its release.

The manor in which we are using this 1.2M is NOT to fill our pockets Paul. If you can step back and think about the situation with a clear head, or plan is to distribute 100% of the coins to the community and offer incentives on top of it.

Lets face it, you are continuing to state that we are structuring the distribution to hoard coins and not release them to the public, and that's so far from the truth...its not even funny.

ALL COINS will be sold from the 1.2M minded on Block 1, and the other 90K or so will be offered to SHA 256 Miners. We think its pretty ground breaking that miners with those old asics will have the opportunity to turn those miners back on...mine some BST rewards, and then be able to go apply those BST to the purchase of Diamonds, Gems, Rubies, Artwork, Etc.

We are trying to see the end result reason is to why you have such a problem with what has been mentioned above? Is it that you wish to mine more BST than the 7% or so offered?

We simply just cant offer more than what we are offering to miners at the present time for a number of reasons. The main reason is that we have real inventory backing these coins, and we have a good feeling the SHA256 farms are going to be all over this when POW Phase starts. You simply can't expect us to just giveaway everything do you.

Are the incentives we offered not good enough to invest a few bucks? The fact that we are giving away a diamond valued at over $2000 USD to one lucky investor which will be appraised and delivered before Phase 2 Starts not commendable?

Is the emerald we are giving away at the value of $170 (delivered to your door) not worth and investment of 1 BTC?

Lets take a look here... 1 BTC ($250) - 1 EMERALD ($170) = $130 Cost avg on your investment - on top of the BST you will receive after funding rounds come to an end.  You could sell the emerald for $170 or better and then sell your BTC back on the market, or come meet us at the BitStone store and exchange it at market value towards the purchase of ANYTHING in the BitStone Store.

Please tell us how we can do what we are doing better, and more fitting for you...without giving away too much inventory for free.

Paul you also mentioned:

"Also: Please explain why it is better to buy these coins and then purchase "gems" with these coins instead of just buying gems. The only reason I can see for this coin is to put other people's money in your pockets, using he lure of a promised value that simply makes no mathematical or economic sense at all."

You can go buy gems all day long Paul, its a free market and there is plenty of options out there for you. I will ask you, is there any option to use a crypto besides BTC to purchase these sort of good?

We wont sit here and say buying our gems would be better than buying another jewelers gems, but we will say we will try to beat the prices of our competitors.

That means buying BST and exchanging them for gems at our store will be lighter on your pocket, compared to taking your US dollar and going to Tiffany & Co and buying gems.

The point of using BST is to provide a cheaper alternative to buying precious diamonds and gems while introducing new people to crypto and giving them a reason to try it.

Bringing new money into the Crypto Scene is what Crypto needs...I will leave it at that my friend.



I will agree with you when you say the "ALTCOIN" market is very small.

The fact that the altcoin market is broadening everyday is the reason why Dr.K is putting up the big bucks to get involved.

You can't honestly sit there and think that the minimal crowdfunding we are looking to raise is absurd, when Dr. K is investing his time, MONEY, and faith into this project. Not to mention he is being FULLY transparent with who he is (name), his address, his phone number, his medical license #, etc.

Please show me a better looking looking project laid out such ours, and I will openly look at the one you propose and go look for pointers.



Thanks for your support, you are one of the few that actually get money, and what we are trying to achieve here. It won't be easy, but we are determined to make a big footprint in this space. We have the resources we needed to fulfill our obligations at hand, and time will show everyone with doubts that we are here to stay. We will fight to accomplish the task at hand, and wont let ANY naysayers get in the way of that.

Thanks again for your support, and look forward to having you come by the BitStone store so he can help add to the collection of yours.

-BitStoneDev

Hello
I'm still a novice in the world of crypto currency, but what I read here is very interesting and useful. I think that any beginner should carefully review all the material before you buy something.
 I realized that all coins with premine are highly risky investment. But I am curious why bitstone have not the website?
 Authors bitstone expect that to take a decision on the development of this project or the disappearance with the money investors? just curious.

So you are saying that ALL coins will go into your wallets and then you sell them to people. Earlier today the story was that coins would never belong to the devs. Those are completely contradictory statements. As far as the supposed value of some bindles of green stones I do not agree, regardless of how many fancy certificates you can print up produce. The main thing I know about the gem trade is that it is all subjective, and there is no real set values for anything, unlike gold and silver. Just a couple months ago the good doctor also swore he was going to sell gold, silver, those very same gems (they were not valued at $1,000,000 then  ::)) AND that same picasso (copy of my drawings  ::) ) for less than they were worth and then HE DID NOT DO IT. Why should someone believe him(you? Who am I talking to?)  now? Why should they believe anything he says after making false claims?  Also, the entire model of how the "reserve" magically produces more money than goes into it is complete BS as well. I probably missed some points, but I think this post is a good start at pointing out the obvious flaws in what you are trying to sell us.

Previous claim by the Doctor about selling that picasso: https://bitcointalk.org/index.php?topic=857670.msg11185366#msg11185366

Hello SuchMoon,

You said:

"If find it disrespectful that you're accusing me of not reading the whitepaper even though I repeatedly quoted parts of it. "

Excuse me if I have made you feel disrespected SuchMoon. I said: " If you will, please go ahead and read the whitepaper in full, and you will become aware of the current members of the BitStone Team."

The reason I have said please go ahead and read it in FULL, is because you keep quoting something from THE FIRST PAGE! I have asked many times that you please look it over in FULL because towards the end of the the whitepaer, the is a TEAM OVERVIEW section!

This TEAM OVERVIEW SECTION Reads:

Keith Harville M.D. – Founder
Keith Harville, MD is an OB/GYN, who recently moved to Nashville, TN after practicing for 10yrs in Arkansas. He’s been avidly involved as a Gem and precious metal collector. Dr. Harville is deeply involved in financial technology and is dedicated to bringing the crypto currency BitStone to the forefront of the Diamond and Gemstone trade. 

www.Bitstones.org
www.twitter.com/Bitstone_Devs

Van McMinn- Gemstone Advisor & GIA Graduate
Van McMinn is an independent jewelry appraiser, serving clients in the Middle Tennessee area since 1999. As a GIA trained Gemologist with over thirty years of experience in the retail jewelry business, Van offers impartial for fine jewelry, gemstones, and watches.

www.vanmcminn.com

Lou Britton – Precious Metals Advisor & Refiner
Lou Britton founded Auris Noble, LLC to provide expert handling and management of precious metals, scrap, and bullion. Serving a diverse array of industries as a full service refiner of every precious metal. Mr. Britton’s experience will provide advisory council towards market price and liquidity of BitStone assets. 

www.aurisnoble.com

Rich Territo- Founder of ToshiDesk & Lead Developer of Bitstone & Mastertradercoin
Rich Territo Crypto Enthusiast/Developer changing the way people view Crypto by developing the essential tools needed to strengthen the marketplace.

www.Twitter.com/MTRDevelopes


The above content I hope will address your concerns.


"Which page is that from? And while we're at it - can you confirm that Rich Territo is MasterTrader777? Are you MasterTrader777 currently posting as BitStoneDev? Are you Dr. Harville currently posting as BitStoneDev? Could you please just sign your posts or better yet - post from your real account so that we would know who is who and put an end to this ambiguity?"

The Page you are currently referencing is the first page.

Yes, I can confirm Rich Territo is MasterTrader777 - many other sources can prove this as well.

I have answered your question about MasterTrader777 posting as BitStoneDev already. Please check the last post I wrote to you. Let me save you time, yes this is MasterTrader777 answering all of your questions as of earlier today. Dr. Harville has also made his first post today using this account. Excuse me for that not being clear. Now it is.

"How would that help? Even assuming that you could somehow convince that you have $1m worth of stones - what am I supposed to do with that information? Post here and tell everyone "trust me"? That's ludicrous. It's YOUR job to convince investors. Anyone reading this thread so far should be terrified at the vague and confrontational excuses you're providing."

We believe this would help in a number of ways. First off, it help ease your concerns. That is whats important, and I feel I have been here looking at this screen all day..trying to give you the best answers to your questions with great detail and priority. We started out rough, and it may still be rough...but I'm not going anywhere, and neither is our team. You don't have to do anything, but come sit down, and meet with us...and ease your concerns. If you wanted to do a favor and post your report-maybe a picture or two, we feel that would do the COMMUNITY some good, because I have heard from a birdie that you have somewhat of a following. We are not asking you to come back here and ask people to trust you because you're right, that is quite ludicrous! People have their own judgement abilities and will do their own research before making an investment in the BitStone Project. Invest wisely with whatever tickles your fancy. Not asking you to even invest, I'm just doing my part as a member of this team...and in doing so not only convince you, but the others reading this thread that we are true with what we say.

You say anyone reading this thread so far should be terrified of vague and confrontational excuses. Let me tell you that all I have been doing all day...is reply to the communities questions, with great detail and thought in each answer.

I don't think I have missed one beat at all. Please tell me what questions I have not answered, so I can get those answered for you immediately. Sorry if I missed one out of the many, but that was not my intent...and will be here for a few more mins to address any concerns that were overlooked.


You say: "It is stated in your own whitepaper that for each 1 BTC invested you will ship $170 worth of gems. That sounds like a 50-100% markup. Since you're not explaining how the reserve works I can only assume that the remaining 0.5-0.25 BTC would go into the reserve but the expense structure of the "organization" is not specified either. Is it going to use the ICO sale proceeds to fund itself and to what extent?

You're asking for $1m or even up to $6m (following your own valuation of $5 per coin) of investments with nearly zero details of how that money is going to be used.

You have not addressed the obvious math flaws yet (10% vs 100k vs 90k for example). "


Yes the whitepaper states that for each 1 BTC invested in PHASE 2, the investor of the 1 BTC will be rewarded with an emerald valued at $170 USD. Plain in simple, we will send you an emerald right to your front door, or whichever address you choose.

We aren't "marking" anything up SuchMoon. We are simply giving back to the community at setting a standard for public offerings in the crypto community by awarding the emerald to the investor as a - Thanks for your support GIFT. It will be (1) Emerald shipped to your address. Us verifying your address is yet another way we can prevent against fraudulent investments. We have this brainstormed and game-planed way more than you are insinuating, and will follow through with each and every proposal stated in this thread, mark my words.

We have gotten into the Liquidity Plan quite a bit on the Thread and the Whitepaper, but I spend some time breaking it down even further. No problem what so ever SuchMoon

The Liquidity Plan Breakdown:

The BitStone Organization will administer and have possession of sufficient liquid assets to discharge current liabilities, in the event a short-term liquidity crunch or unexpected event will not lead to potentially disastrous consequences.

What this entails is that for every product sold within the BitStone store using BST will help strengthen the liquidity reserve. If we administer the sale of a 1ct Diamond - and the price for this stone is (for example purposes) $10,000. We will go ahead and calculate the current market price per BST. Lets say (for example purposes) each BST is valued at $2.00 when the market opens. The buyer would be responsible for providing a adequate amount of BST valued in the amount of $10,000. So simple math on this would be $10,000 (DIAMOND PRICE)   /   $2.00 ( BST VALUE) = 5,000 BST. The amount of BST required to purchase a $10,000 diamond with BST at the value of $2.00 equates to 5,000 BST. That 5,000 BST would be then transferred from the buyer to the seller, and when we confirm payment on the blockchian, the customer would then be free to go. Before they go, we would ask them if they were comfortable taking a picture with us, and posting it on social media. Marketing 101 there, no need to get into there. Next, we would take 20% of the BST Exchanged in that transaction (1000 BST) and transfer those 1000BST to the Liquid Reserve. The other 80% of the BST transacted (4000 BST) would be moved to the BST exchange wallet. We would place these (4000 BST) back on the market 20% higher than the spot price they were exchanged for, organically increasing the value per BST over a period of time.

The Reserve Fund that received that 20% of the BST (1000BST) from this sale, would then act as a digital safe. As inventory is and needs to be replenished, we would dip in and liquidate the BST needed to purchase new the new inventory and fill back up our display cases.

I can go into more detail if you need to but I will end it there for now.

Happily been at this computer screen all day, but now I think its fair that I get a small break from the actions.

-BitStoneDev

Here is the last time those very same gems, along with gold and silver were promised at less than their value and were never delivered: https://bitcointalk.org/index.php?topic=857670.msg11122118#msg11122118
 From that post:

https://i.imgur.com/9nKmJK1.jpg
https://hashtalk.org/topic/36689/gold-silver-diamond-emerald-business-it-is-coming/3
Arxhive: https://archive.today/egnIg

I see no reason why selling products for less than you can purchase them will fail, that is the way it is always done- right?  ::)

So , his last plan to make money selling things for less than he pays did not work out and he reneged on sending even a token 1 oz silver coin to Bitillionaire, but now everything is totally legit. Riiiiiight.  ::)

haha, you sure are getting back to being a bit trolly olly broooooooo. he has been giving you good answer and you still want to fuss fuss .




Oh wow, even more proof doc is in the business. Paycoin sucks, why would he continue a biz there and it not be with a good coin. looks like we have a hater here. what happens when people start getting gems? trolly olly some more broooooooo?

I simply can't stand people who spend an enormous amount of time and typing to bring down projects before they even begin.  One person, in particular, not naming any names, (but you know who you are), is just getting ridiculous.  If you are not interested because things don't fit your utopian idea of a coin launch then please move the fuck on.  I certainly do not care about your ego.  Your like a fly on a beautiful picnic day ruining everyone's lunch.

I know at least MasterTrader77 is involved and that is good enough for me.  I know for a fact of his high integrity.  

There are some people, including myself that like the idea of this kind of project.  You have to have supporters to start any venture.  I for one am excited about this project.  We all are adults here, well most of us, and just constantly pissing on a tread is childish.  Don't you have better things to do?

Thanks for understanding.  :)

just a bunch of bummms with no life trying to troll with no purpose like the crypto cops. dam pigss, we will just have to wait until these idiots look stupid for saying the things they said.

What makes you think that placing a sell order at 20% above market will increase the value? All those Round 2 investors will be dumping their coins, all those staking proceeds will be dumped, how is the "value per BST" going to increase?


... and it turns out you're going to dump the remaining 20% too, so much for the reserve.

Also missing from your plan is the part where the merchant is compensated for their merchandise, presumably in fiat? How? Or are you going to be the sole merchant?


No, it was page 17. The same page that you quoted above. The same page that mentions Rich Territo. Looks like you're the one not quite familiar with your own whitepaper.


So how about you post from your account and quit playing games?


I don't really understand most of this paragraph. Why would you offer ONE poster to come visit you instead of providing tangible verifiable proof to EVERY potential investor? So for example - do you have appraisals for all $1m worth of gems and will you share those? Or are you going to purchase the gems with the proceeds of the ICO?


Right here...


This is about POW. Your POW specs are contradictory all across this thread, the whitepaper, and the website. How many coins are going to be mined in the POW phase?

You lost me here. I did not get any satisfactory answers at all. The only things that were stated directly contradict statements from earlier today, so which statement is to be believed?

The fact of the matter is that these VERY SAME gems were promised to be sold at less than their value before, and then the doctor decided to not go through with it and pulled the plug, even reneging on a simple promise to deliver a single 1 oz silver coin. Now he wants investors to trust him with millions of dollars. There is also the issue of the doctor being a known drug addict with some serious responsibility issues.

Hey BitStoneDev please delete all these disrespectful off topic posts. Thank you.

Rich Territo // MasterTrader777
in your profile your location is stated DE. is that delaware, germany or derbys postal area in england?

so they should get to deletin your 20 or more stupid ass posts today?

Delaware is likely:

http://www.coinbuzz.com/2015/05/22/toshidesk-the-social-altcoin-trading-platform/

You're being disrespectful and off topic. I'm asking questions. Don't like - don't read.

Ok trolls, I can see from the pages of posts that you do not trust this coin or the developers.  Your points are noted on the thread and have not been deleted.  So at this point I would ask you to leave the thread so that the people that do think this is an investment we are interested in can stop reading all the BS you are posting. 

You are not going to mine or invest, so if your posting was meant to be of service to the community and warn us of the potential for a scam Thank You and we have now read your warnings so move to your next coin to destroy.  I have read all of your post up to this point and you are redundant and cluttering the thread.

Now all these people who ask pointed questions already considered here as Troll. Wow  :o

I know you guys have been busy today- when you have a chance can we get those pics of the diamond to be given away for Round 1

Suchmoon has some valid points. I'll call him a detractor. Not really a troll par se. The Paul Revere guy. Definite troll. I won't even bother quoting the last line of his last post. It will probably get deleted.

I have read some of the GAW thread that Suchmoon and Paul Revere are infamous for, it is very apparent these guys are vindictive and out to get anyone that has owned Paycoin.  That thread is full of insults and slanderous comments.  I saw where the question was asked earlier to either Suchmoon or Paul if they are just here because of kilo17's investment in Paycoin, of course they say they are not here because of the Paycoin but I see no other reason for them being here. 

I know of Whocares from Hashtalk and he gave away a lot of stuff over there and donated to a lot of people.

It is a shame they are doing what they are doing when they have no interest in the coin other than to ruin it. 

I did see that thread on Hashtalk back when it was up, and as usual they are trying to mislead people by picking out certain posts, what they do not show is the last post of that thread which states he cannot open the store and it gave an explanation.  Lastly, they continue to bring up the Gold Silver deal when that question was answered on this very thread. 

I know Whocares/kilo17 is the Real Deal and followed through on numerous Give Aways on HashTalk and I have zero doubt he will deliver on Bitstone as well. 

After reading this entire thread and everyone's input, I submit the bottom line as I see it -

The overall idea and physical execution of this latest attempt to suck FIAT/BTC from people under the guise of "progressing" the crypto and gemstone markets via a new 93% pre-mined coin offering scheme is just that - a scheme. Saying "BST" will do anything other than benefit a few at the cost of many is without foundation regardless of the claims and empty promises being made by the primaries who would rather talk/write in third-person bubbles than fully disclose their accountable personal data.

At any rate, this is just another example of why sooner or later, a regulatory body will be needed and enacted to protect the real crypto-community from obvious money-grabs like this latest attempt. After all, unless the legitimate community self-polices itself and weeds out this type of conduct, it will just continue until there is no legitimate community left.

Please move along and hustle your scheme elsewhere.

Scott-

If the paycoin company is a scam, why do you think that this noble bitstone guys will not repeat them the way? According to what here say about these people for this coin is chosen paycoin path. 93% premine only confirms this.

So when is this thing launching or has it launched ?

Hi.

I like those coins. I have 10 Th/s ASIC power for mining. On the paycoin I gained a lot of money. Home immediately dump obtained coin and not to hoard them in the expectation of a miracle.

If there are hamsters willing to buy Bitstone I'll be happy to make them. I'll keep track of your start, unless you change your decision  ;)

Did I miss the answer to how the million dollars worth of gems was going to increase with the number of coins via POS/POW?

Unless the pile of gems grows at the same rate as the coin, it can't work. Even if it somehow can, what will the developers do with the coins that they receive in exchange for the gems? They say they are going to list them at 20% over spot, but what if no one buys them? There is going to be constant sell pressure from the ICO investors and other coin holders.

Why are people going to buy the gems listed at 20% higher when there are cheaper coins out there, and how will the devs replenish the gem supply if no one is buying their coins?

I did ask about that on the previous page, we'll see how that goes. There are some other extremely suspicious details too:

1) Wobbly math regarding POW - it says 1 month but block target time is not specified and the amount of coins is between 90k-100k-129k depending on where you look.
2) They call their lead developer an "escrow agent".
3) The language surrounding the $1m of gems is vague and non-committal. It could be pre-order.
4) There is a $5 valuation mentioned in the whitepaper with no data to support it.

I could go on but let's see first if these start to get answered.

I believe that behind this project the hides  a team of several people. Maybe they even burned themselves on paycoin and now just want to repeat it the way that would return their Bitcoins.  :) Now they have a rest and then get drunk coffee and start looking for new hamsters.

http://abload.de/img/obryad2nmoh7.jpg

I guess you are referring to my statement that Dr. Keith Harville has a drug problem and has left patients (expecting mothers)hanging after disappearing. These things are true. Presumably he has cleaned up since then, but that does not change the fact that he has a history of such behavior. A coin involves trusting those running it, and this is a clear red flag to be wary in this case. His previous schemes involving selling these very same gems pictured here as backing this coin are another giant red flag. These things are 100% relevant to the discussion about the validity of this coin and the trustworthiness of those involved. If you prefer to invest blind and ignorant, then go right ahead. Send these guys your BTC. I will have a hearty laugh when this thing goes the way it is designed to go. For those that prefer to investigate before investing these facts need to be brought to light.

I will. Thank yu

You "will" what? Without specifying the object of a modal verb it is completely bereft of meaning. Also, the correct verb in this case of a singular descriptor verb indicating future action without further clarification of desire or command would be "shall", not "will".

A grammar Nazi too? Your pleasantries know no bounds.

How does a decent grasp of the language we are using to communicate and asking for clarification of a statement that had no meaning make me a "Garmmar Nazi"? If his statement had been constructed in such a way as to actually communicate what he intended to say I would not have asked for clarification or have pointed out why the statement was bereft of all meaning.

all of his 2500 post are troll post like that. he is pretty annoying to say the least. I read through his post, and saw the answers the dev gave him he his still on his dingo.

I will invest. Don't care about your troll post. You mean nothing here.

Thank you for clarifying your response to my post. If you do not care about what I post and I mean nothing here, then why do you find it necessary to respond? Your statements and actions contradict each other.

Fascinating. Thank you for providing your view of my condition, Dr. Lexus (http://www.hark.com/clips/cpxbjxwlcd-on-your-chart). Have fun "investing".

I will have "Have fun investing".  Can you go back to your 2000 page sandbox and promote/commit more crimes to stop another criminal.  As I see it Paul, you are no better than Josh Garza and about as helpful to the crypto community as he was

Stating facts is not slander or libel. I chose to give Dr. Keith the courtesy of not posting the direct evidence of what I stated here, but anyone who would like to do so can enter his name in their search bar and hit "enter" and see quite clearly that what I stated is simply a fact. If you prefer to not know facts, don't read them. Problem solved.

From what I can gather, Paul and Suchmoon have promoted/committed multiple crimes like Hacking Websites, Hacking Emails, Hacking Twitter Accounts and posting the info.  I saw references and Jokes about punching babies and posting naked pictures of peoples wives.  I have yet to figure out how doing all of that is "good" for the crypto community.  Yes they brought down that scumbag Josh Garza but they did it in an illegal way.

Would you please provide evidence which substantiates this vicious and unwarranted derogatory attack upon the character of myself and Suchmoon? If you can not, this is an excellent example of exactly what I was falsely accused of. Stating completely provable facts about someone is not a crime, but making an attack upon the character of someone without any proof is. Please, keep going with your line of attack here, it shows the character of those involved with and promoting this coin much better than I ever could.

Oh, so now you are saying that all of the emails posted on the GAW thread were obtained legally?

You are simply a manipulative scum bag. That is your problem. Just the way you speak, you mean no good to anyone here. Take your bs elsewhere.

I see the hypocrisy is thick with this guy. Let he who has no sin throw the first stone...  ::)

How is asking relevant questions, pointing out inconsistencies and contradictions in this coin's plan, and making factual statements about the character of those involved with this coin "no good to anyone here"? Please elaborate on this. I find it an absolutely fascinating line of reasoning, even though I completely disagree with your conclusion.

I will be sure to upload pics of a couple of diamonds with different cuts to choose from today.

Thank you

If this coin is representing value of real property of the members issuing and selling this coin, does that make it a security? From what I can see, it looks like the "coins" are actually shares in the corporation of those in control of this coin and gives those who buy them a share of the capital of the "coin team" (corporation). If this is the case, has this corporation been properly filed and is this security registered with the Securities and Exchange Commission? Have all of the legal hurdles been properly attended to? If you think this does not qualify as a security, then can you please explain why the members of the "coin team" (corporation) think this is not the case.

Paul, you are not answering questions- were the emails you post and refer to in the GAW thread obtained legally?  

Yes.

 I have just re-read the last few posts and I do not see any questions of this nature posed anywhere, only derogatory statements claiming that there was criminal activity on my part. In the future, if you are going to reference "unanswered questions" could you please explain where they were posed?

It is illegal to post stolen information, are you aware of that Paul?  Also I assume you do not reveal your real identity because you are involved in the criminal activity that has taken place on the GAW thread

The only guy that has posted on here from the GAW thread (and there are plenty) that has my respect is Scott aka KC6TTR.  At least that guy has the balls to post his FULL name on the forum.  The rest of the guys on here from the GAW thread are cowards.

This is about TechCrunch from a few years ago - Which as I am sure you are aware Paul - Precedence is important in the legal system:

First, publishing confidential company documents may be trade secret misappropriation under California law (both Twitter and TechCrunch are based in California), assuming the published documents qualify as trade secrets -- that is, information that derives economic value from not being generally known to the public and that is subject to reasonable efforts to maintain its secrecy.

Second, publishing sensitive or embarrassing personal information obtained by the hacker could create liability for invasion of privacy for the publication of private facts. If there's anything in those documents more sensitive than employee meal preferences -- say, social security numbers or health-related information -- TechCrunch would want to avoid publishing it.  Certainly nothing Mr. Arrington has published so far poses any risk in this regard.

Third, receiving the hacked emails might violate criminal law against receipt of stolen property. Section 496 of the California Penal Code makes it a crime to "receive[] any property that has been stolen or that has been obtained in any manner constituting theft or extortion, knowing the property to be so stolen or obtained." Documents can be "property" under statute, but there is some question whether "mere information," rather than the paper it is printed on, can qualify (admittedly, this could be viewed as a pretty outdated distinction).  See People v. Dolbeer, 29 Cal.Rptr. 573, 574-75 (Cal. Ct. App. 1963).

You are not welcome here Paul - I think the Devs and the people that believe in this coin have shown that.  Please go away

Unless you are going to invest in BitStone I think it is best to FUD somewhere else.  Legal access to it does not mean it was not stolen PAUL - Josh Garza did not release those emails

At present I am trying to get answers to some things proclaimed in the BitStone Whitepaper and here in this thread which do not make any sense. I will make my own informed decision on whether or not I will proceed with any investment after doing my own investigation. I have not recieved a proper answer to a single question posed so far. Along those lines, I am still waiting for an answer to this last question that I have about this coin, as it appears to actually be an unregistered security:

from the movie "Stomp the Yard"

 "I done already schooled you once homeboy, how many lesson you wanna learn?"

That is a lie Paul, you have made a lot of accusations of this being a scam - you have no intention of investing -

I second that that statement. Just read all this nonsense from those 2 peeps, and it looks like they have both called it a scam from the jump. The developer seems to have answered all those questions with thoughtful intent.

Here is what a security is PAUL - Buying Haslets was the issue with GAW, I do believe.  

A financial instrument that represents: an ownership position in a publicly-traded corporation (stock), a creditor relationship with governmental body or a corporation (bond), or rights to ownership as represented by an option. A security is a fungible, negotiable financial instrument that represents some type of financial value. The company or entity that issues the security is known as the issuer.


Read more: http://www.investopedia.com/terms/s/security.asp#ixzz3dctAD02S

People respect what you and Suchmoon did with GAW, but now you are on a power trip and think you have the right to police ALL crypto - You do not, and I am certain that in this country (USA) you are innocent until proven guilty.  And please be honest, what attracted you to FUD this coin?

I will ask that you please refrain from making a baseless accusation against me. I will state with 100% conviction and clarity that if I can prove to my satisfaction that this coin is completely legitimate and will definitely return a handsome profit I will invest in it. If you prefer to invest without getting proper answers to questions about that which you are sinking your hard earned BTC into, you are quite welcome to do so.

Edit to add:

Does this coin represent shares (stock) in a corporation of individuals or not? I asked this very simple question, and you are not the one to answer it, unless of course, you are one of the coin devs using a sock puppet account right now. I think this coin and the way the backing (gem CAF) is structured could indeed make it be viewed as a security. To me this is an important question, and I will ask that you please refrain from insulting me for asking a simple and direct question of importance.

I would almost believe you if it wasn't for stating this was a scam on your first few posts, but now you are back pedaling and saying you might invest.  Do you really think people believe that you might invest?

Also, why do you continue to post pictures of the Gems from HT?  Whocares stated on that thread he decided to go another route with his gems and even posted a separate thread on HT about starting a new coin.    You are simply trying to FUD not inquire to invest.

I also saw on the slack channel where he started a Hate Josh Garza website, but you never mention that.

So please spare us the BS

Paul, I publicly apologize for insulting you.  I would edit the comment but it has been quoted already so I am sorry.  

BTW - I will look up the website on slack and get back to you in a minute - it was actually pretty funny and had pics of some or your handy work I think

I edited the insulting post

I would like to buy in, i will be sending over a few BTC - i would recommend getting rid of the Trolls - it is a pain to read through all of the crap they post.  

My next investment will be Bitz - wait, I cannot invest in Bitz because it is getting delisted

I want to thank those that have supported us thus far.

Keith

Sent and PMed my address.  Will look forward to venturing out again.  Good Luck!

 :)

WillyBTC-

We appreciate the support but please do not fight or make accusations on this thread.  I deleted your post with the link because it doesn't represent our Teams Mission in crypto.  I hope you understand.

-BitStone Dev

Hello Dale,

Thanks so much for the support.

Yeah, we all are going to sit down at the round table, and fix a few things up, and come back stronger next time around.

Here is the TXID for the refund of your 3 BTC investment:

https://blockchain.info/tx/e151de062d7041bb45c9c2ab30041bf85bf4081ab4aa029062e79626b9ffaa42

Thanks so much, and will keep you updated.

Need to put some more meat on the bone, and prove we mean business with this beyond a reasonable doubt.

Cheers,

-BitStoneDev

So what happened here? Development ceased for this coin?

I think this one ended before it even began  :'(

Only a fool would have thought this was a legitimate venture.  It was nothing more than an attempt to scam some easy btc.  When that fell apart they moved on to another scam.

If done right this could be a great concept. Hopefully something like this will come up again in the future.

Magically creating gems out of thin air to back newly created coins could indeed be a great concept. Until a way to make that happen occurs this coins' concept is simply to take your BTC and trade it for yet another 90+ percent premined scamcoin owned by the devs.

I'm ready to invest.  Who can I give my BTC to?  i haven't been scammed in a while, a gem backed coin seems like a creative new approach to scamming.

Hustle on over to the new Bitlend.io and get a nice fat loan first. Comes from this same pack of Paycoiners.

If you are unfamiliar with Bitlend, check out the launch thread. (https://bitcointalk.org/index.php?topic=1183413.0) It kicks off with Jason Sponaugle (one of the Bitlend Team) lying and saying he is a satisfied customer of Bitlend, blah blah and has a real nice boner from his experience with them. Korfax ( Michael J, Koerner ) jumps in to do some tag team shilling with him. Then Jason is exposed, and the whole thing went straight off a fucking cliff, Wile E. Coyote style after Allen revealed that the entire operation is people involved in the GAW/Paycoin scammage in one way or another. This outfit has shady written all over it. Enjoy yourself if you choose to send these guys all of your info is all I can say at this point.

did you guys launch this coin https://bitcointalk.org/index.php?topic=1250043.new#new or it is another copycat thing