Bitcoin Forum

What is the Satoshi Project?

VirtaPay has started working on what we call the Satoshi Project. This project was inspired by the Bitcoin virtual currency and replaces our original plans for a debit card.

Bitcoin is the first virtual currency to gain widespread attention and growing acceptance around the world. Bitcoin is known as a crypto-currency because it uses a cryptographically secure, peer-to-peer, distributed network. This technology allows Bitcoin to operate without central servers, making it nearly impossible to shut down without the consent of all bitcoin holders.

Bitcoin's technology has set a new standard for virtual currencies. We have chosen to follow a course similar to Bitcoin. We plan to convert VirtaPay into a crypto-currency, using a framework similar to Bitcoin's. We named this effort the Satoshi Project — in honor of Satoshi Nakamoto, the creator of Bitcoin.

Once this conversion to crypto-currency is complete, we will migrate all user balances into the new framework and notify our users, so you can begin using the new system. We believe this conversion will be the best course of action for VirtaPay and our users. After conversion, VirtaPay will essentially be owned and operated by you, and everyone who holds VirtaPay currency, without the need for central servers.

120% Payout Guaranteed
To complete the goals of the Satoshi Project will require funding. We are accepting contributions from users who would like to help us reach our goals more quickly. Users who contribute will receive a guaranteed 120% payout. learn more
Your contributions will be used...

    to help fund VirtaPay's conversion to a crypto-currency
    to promote the growth of VirtaPay
    to help raise general awareness of crypto-currencies
    to invest in promising crypto-currencies

Your contributions can have a lasting impact, and may help raise the value of your VirtaPay holdings both before and after we convert to a crypto-currency. To contribute,

Earn 1% Referral Bonuses
You can get paid bitcoin or VP$ for sharing this opportunity with friends.

Requirements
You will need a free Coinbase account to claim any bitcoin payments we may email to you. Coinbase is a bitcoin payment processor. We chose to use Coinbase because they enable the sending of very small Bitcoin payments with no fees. You can transfer your bitcoin earnings out of Coinbase and into any Bitcoin wallet at any time. Create your free Coinbase account.

Why is this required? Your Coinbase account will allow you to receive any bitcoin payments we may email to you. Even if VP$ is your preferred payout currency, we may send you bitcoin payouts as an alternate form of payment in cases where we deem it necessary.

Contribute for a 120% Payout
Contribute to the Satoshi Project to receive a guaranteed 120% payout. Contribution rounds are paid out on an open schedule, whenever each round has matured. View the current status and history of all contribution rounds


Share for a 1% Referral Bonus
You can get paid bitcoin or VP$ just for sharing this opportunity with friends. To begin earning bonuses, start telling people about VirtaPay and the Satoshi Project. When you do, send them to the following link...

The above link is your personal referral link, it will keep track of everyone you refer. As a referrer, you will earn 1% of every contribution your referrals pay into the Satoshi Project.
Here's an example of how it works...

    You refer "John" using your referral link.
    John contributes 100 mBTC to the Satoshi Project. Upon payout, he gets 120 mBTC (or VP$120,000). At the same time, you will get a referral bonus payout of 1 mBTC (or VP$1,000) just for referring John.
    Your referral bonus isn't limited to one contribution. You will always earn a 1% bonus on every contribution John pays into the Satoshi Project.

Click Here To Join With Me: http://www.virtapay.com/r/ahmadwwearnez

http://<iframe width="480" height="360" src="http://s1369.photobucket.com/user/Ahmad_Wwearnez/embed/slideshow/VirtaPay%20Payment"></iframe>

Photo: http://i1369.photobucket.com/albums/ag226/Ahmad_Wwearnez/VirtaPay%20Payment/VirtapayPaymentProof_zps747c1379.jpg

another payment from VirtaPay  :)  :)  :)

click here
http://s1369.photobucket.com/user/Ahmad_Wwearnez/library/?view=recent

here's someone's story about virtapay...
http://freemanbizng.blogspot.it/2012/04/virtapay-is-scam.html

 ??? ??? ??? ??? ???

This looks like how to turn your bitcoin into monopoly money.

yup totally..! I have seen so many virtapay accounts with balance near 1million or around...! and i have seen people selling those accounts for 10$ or less.

I have read that Virtacoin's value is around $2.00 a coin. I have asked CoinGecko to list it and they said they would. When they do you'll be able to track the value of Virtacoin (virtapay). It's not listed yet but here's a link to the site so you can check it out later.  http://www.coingecko.com

Hi Anthony




Thank you for writing to us. We will put Virtacoin to our coin to-add queue.





Cheers,

Bobby