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Hmmm Very Interesting Concept I will play! Pre Ordered Stage 1 Yeah BABY

We have emailed you. :)

Marketing and advertising inquires can be directed at me. Welcome to the team community!  :D

So you are telling me that you will be buying back the coins from us before they even hit an exchange? Cool

Stages 1-3 won't be eligible for buy-backs due to their extremely low price and the funds received will be reinvested for large project bounties, advertising and marketing. How these funds will be reinvested will be decided with the help of the community. Raising awareness for CapitalistCoin will be our main intent right from the start along with partnering with the right people and groups who are confident in our success such as merchants and media organizations.

Those that participate in and past stage 4 will be eligible for re-purchase in all higher stages until stage 7 sells out.  :)

A few more images we have to circulate

http://capitalistcoin.com/image/3D%20COIN.png  http://capitalistcoin.com/image/STACK.png

This is pretty interesting. Looks like a lot of thought went into this.

Do you guys have an idea of when the IPO starts? When will the wallet be released?

Looks interesting, but how does this differentiate with standard coins "Guaranteed Rising Exchange Rate"? Nonetheless gorgeous, and will be watching as the POS rate is quite generous xD

The IPO will start April 1st 2014. We announced now to initiate the bounties for web development etc etc.

The "Guaranteed Rising Exchange Rate"? simply means because we will buy back the coins you purchased from us at a higher satoshi price then what you paid "guarantees" you a return on your investment for early adopters and if you hold through the stages can see over 100% return on your initial investment even before this coin reaches an exchange.

We also wanted to do a straight POS coin as this will avoid market manipulators. They cannot use their extreme mining hash rates or asic scrypt miners to do the usual mine and dump when the coin hits an exchange. We also are capping the amount each individual can purchase to ensure an equitable distribution which will ensure everyone can benefit from this new concept.

New contest Giveaway through Altcoin Giveaways http://altcoingiveaways.com/index.php?topic=1372.msg25209 (http://altcoingiveaways.com/index.php?topic=1372.msg25209)

Enjoy!!!

Use 3rd party escrow for all IPO's.

The escrow should not release BTC to the promoters, until everything promised is delivered!

Excellent Suggestion IF you have any recommendations please contact me directly through PM or email CryptoCapitalist@capitalistcoin.com

However how would this work with our buy backs to the individuals as well that is something to take into consideration.

No, I will not contact you. I'm not here to help you, I'm trying to prevent potencial IPO buyers from being scammed.

yes , there's so many DEV think they can scam investor again and again by using copy code just change the name and number. we need btt to stop this.

People are ridiculous what if these people are legitimate and are bringing a new evolution of coins to the market everyone screams scam before they have a chance to prove themselves.

Ugh people need to self moderate.

We have put a lot of thought into this coin... IF you want to claim scam so be it however we are offering investors a chance to make a return on their investment before the IPO stages are complete. Name another coin that does this?

If you do not want to participate that is fine however we are here to prove you wrong. This is a new concept to allow a fair an equitable distribution of a coin where big whales in both mining and BTC holders can't hold the majority of the coin while everyone else fights for scraps.

Have a few questions, as you haven't provided much detail


How can you prevent Cryptsy from listing a coin, its out of your control.  They will list whatever coins they want at a time when they want same as any other exchange.


which coins?  surely you can name them and we can judge from how successful those coins are.


which coins and exchange?  does the exchange still exist?


How will you enforce this?  any individual can create multiple accounts/personas to purchase over the cap and hold a larger amount of the coins :\

Cryptsy will be avoided simply by not posting on their voting page. If the choose to list us, that is beyond our control, but we are saying we won't be pushing for cryptsy at the start.

The amount of information that we listed in our "Team" section is about as much as we're comfortable releasing at this time. Our purpose for laying out our team is to show that we have multiple hands working on this project.

And regarding limits, there's no possible way to "enforce" people from making multiple accounts however we decided to set limits anyways.

Just an edit on this as well since the wallets and source won't be available until the IPO investments and Buy Backs are complete then no exchange can add our coin before launch.

This will ensure that as a community we will have already given an associated value to the coin through our IPCO structure.

wow, i'm in. i will send bitcoin later

Glad to have you join us!

Thank you for your support! We look forward to a very successful journey.

Cryptsy is the retirement exchange for cryptos!

Agreed which is why we want to avoid it

Im sold, sent you a message. Thanks

Replied thanks for joining we will be taking requests until official opening of IPCO on April 1 2014

You didn't specify the PoW algorithm in the first post.  Sure have a complex iPO structure though.  What's the point?  Why not just use Blackcoin or Mintcoin or just use Novacoin or Peercoin?  The coin specs don't really offer anything more unique.  500 blocks to maturity?  Wut?  Why?

There is no POW algorithm that is the point this is a straight POS coin that will be hard forked at launch so the only time this will be POW is to generate the initial coins for the IPCO and bounties. Then whoever buys into the IPO will receive coins on the hard fork and will generate POS 8 hours after they receive them.

What is unique is we are offering a guaranteed return on investment. We are allowing any early adopter to make money off the coin before it hits an exchange no one else has offered that.

That is supposed to be 50 blocks to maturity I apologize that was a typo. I will fix that now thanks for catching it.

Ok, well, now we know this is ridiculous.  Obviously you guys don't know how coins actually work.

:shakes head:

Good luck with a coin that can't process transactions ;-)

we will be following the same process as blackcoin which is strictly POS just like a lot of other coins.

How can this not process transactions we are just processing the original POW part of the coin internally and changing the algorithm to strictly POS it is quite simple and others have done this.

We just don't see a point in providing the POW details as they are not relevant to launch.

The other reason for the fork and not just allow the scrypt to go from POW to POS is to alleviate our wallet collecting more coins through POS

+1
stop fool us! stop scam us!
Without escrow, it is only another yet shit scamcoin.

Blackcoin goes well as it's fairness, ZERO prmined, NO IPO.

It built the trust in the community.

But the "features" of   another yet shit scamcoin are
1. heavily premined
2. Then IPO
3. copy-and-paste
4. failure launch or run away with money.

We do not do escrow as we are providing  buy backs which is much more efficient to the community and if you stopped to read instead of just seeing IPO and thinking its a scam we are trying a new innovative solution to IPO to allow everyone to profit.

If you can't see the difference between a traditional IPO and what we are doing here which is establishing a baseline value for the currency and allowing the early adopters the ability to profit through the IPO stages without having to wait until launch then so be it

From what I gather, it's a premine only IPO to allow investors to make money. since its like blackcoin, guessing scrypt PoW, 50% is gained interest via PoS.

It means the price always stays up, no early miners, and no one destroying the coin as everyone wants the price to stay up. It's like investors heaven.

Most altcoins are a scam now. This is upfront about where it's going, what it's for. Guess i'm the only one who thinks with their head.

I'll def get in on the initial IPO.

With Blackcoin-like copy code + EXO IPO plan, it's still not enough.
You need learn Stackcoin  to PS a nice picture.
In that case, you are so close to the success.

You are damned right!!!  Only one, that's you, will invest the "great" shit. Go ahead!!
You will be successful as the dev. You will be as rich as the dev.
And you will get a lot of bobo shit!
Good luck.

Your argument is counter intuitive you are saying then that anyone who invests will make money which is absolutely correct however I don't think that was the point you were trying to make.

If you cannot invest due to lack of funds we do have giveaways as well you can be a part of to claim your stake in our coin.  

The logo is cool.
Looks like very professional.
But I don't like IPO coin.
If you want to make a IPO coin, I think you need find an escrow.

The way we have established this coin is through the basis of stage 1 - 3 will go into the development of this coin i.e. large projects like android wallet and the rest will be used for marketing.

Once stage 4 is complete we will use the BTC made from that stage to actually buy back the coins from the individuals that want to make a small profit off the investment hence why an escrow service may be difficult to use.

We will talk about how to accomplish this internally we may have an idea that will be presented on April 1st for the official launch of the IPO

wow I'm impressed by the number of fresh accounts in this thread  :o

Interesting concept, I PM'd you :)

Theme is a bit dark.. but interesting concempt!

First of all, the concept sounds interesting. But I have a few questions and suggestions.


Correct me if I missunderstood you.
You say that there won't be a wallet and source available until the IPO is completed.
So you want to say I haven't even a prove that this coin really exists until the IPO ends (after all 7 stages)? So you just playing with numbers like "Thank you for investing 0.5 BTC your stake of xxx CPL is documented"?
You have to admit that this will lead to a very risky investment, if you can't prove that there is at least a coin behind this concept.


And a suggestion to the escrow service. You wrote escrow would be difficult because of the buy backs. You could easily instruct a trustworthy member who offers an escrow service. The escrow agent could also run the buy backs for you.

Thank you for your questions, this is the type of constructive criticism we're looking for to smooth out the rough edges. We have decided to restructure somewhat due to everyones concerns.

We have decided to push the IPO launch date back 1 week so stage 1 will commence on around April 7th. Until then we are going to develop an online wallet and have it ready for launch. The wallet will be locked until the IPO is complete and will only allow incoming transfers, so everyone can have possession of their coins. Then once the stages sell out and an equitable distribution has been achieved, the lock will be raised and we will start hitting exchanges by the week.

Regarding escrow, we believe our new format will remove the need for an escrow since our reputation will speak for our legitimacy. As funds come in, the coins will be going out so there are no questions regarding the existence of this project. Other than that, we have already started contacting blog owners and merchants and strive to secure multiple strategic partnerships before the launch even begins.

Thanks for the reply. It's good to hear that you spent some thoughts to that.
I'll watch this further and maybe spend some BTC.

Sounds interesting.

No problem for the reply. We really do encourage constructive criticism and have decided to keep the thread unmoderated so people can see how we address the trolls.

The information in the OP will also be cut down and moved to a whitepaper because it seems like all this information right up front is a bit daunting for people. We're going to let our structure and our actions do the talking over the next few weeks so definitely keep an eye on us!  :)

This is a scrypt coin... After the IPO is complete we will be using POS only so we figured there was no need to include any new cryptographic hashing algorithm. We are discussing internally to perform a hard fork upon releasing the wallets to ensure that the initial coins will not be accumulating interest in our wallet. This is to ensure everyone together will start the POS at the same time.

Hahahaha definitely! We are utilizing the current new algo with 30 second instead of the traditional 500 ;)

Our first merchant  http://btcpipeshop.com/index.php?route=product/category&path=63


We will be in touch with https://www.coinpayments.net/ the second our coin is released as we have 3 other merchants that will accept CPL through their service so far.

Yes yes we are

Sorry hope that clears it up ;)

Why we have to inverst in stages between 1-3 because we don't have option of buyback

We  are using stages 1-3 to use for operating expenses.

We also have given stages 1-3 extremely low buy in rates as you will be ensured to make a large return on your investment on an exchange.

If you do not accept that then please wait until stage 4 and you will be eligible to get a buy back and essentially make an immediate profit off your investment

i understand that poeples are frustred about IPO coins , just like me, but i think, it s well good to do not post  in their threads and let its die! posting good or bad appreciations favors only the survival of thread

Anyone that is going to send BTC to these clowns for their IPO should just stop, take a deep breath, and buy Mintcoin or Peercoin instead  ::)

Your an idiot!!! I want to invest to ensure more poeople come out with innovative solutions on how to avoid asic scrypt miners and also a guaranteed return on investment.

Mintcoin and Peercoin really those are your answers then go there and buy them. This has great potential

Guys no need to feed the trolls!!! They are just trying to get people to invest in coins they already are invested in to increase their profits its a typical response...

Hahahahahaha +1

guaranteed return on investment?? ha ha sounds like what Aircoin tried to do, go have a look and see how that went. The developers abandoned that coin, maybe they are behind this too

Funny you come into a coin without reading the thread the developers have pushed back the start of the ipo to create an online wallet where anyone who invests gets their coins. They are working with the people in the thread to come up with a working solution.

Doesn't sound like Aircoin at all go back to your mintcoin and peercoin

They are also no releasing the source code until after IPCO is complete which means no exchange or anyone can list the coin to destroy the value.

No mining so what does it matters what algo your shitcoin utilizes? Want to jump on the X11 Train for hype?

Have fun with your free BTC, enough retards around here who will give it to you!

Looks like the people bitching are mad because they can't use their big rigs to scoop up a shit tonne of coins and make their quick profits. This is a fair coin that anyone who participates will make money go whine somewhere else

Just wondering, there is no mining this coin correct?  Then why would anyone care what the algo is?  Why would anyone who MINES coins care about this coin at all?  There will be no pools, no nothing, correct?  The only way to get this coin is to buy it from the DEVs?  Correct or am I missing something here?

Anyone involved with cryptocurrency at any level is here to make a profit which is what our structure is in place for.
For now we are allowing anyone who purchases them to also have us buy them back.
There will also be POS at start also with only 8 hours stake age not a 20+days which means you will be collecting coins once launch happens.
We will be using funds to get this coin on exchanges once the ipo stages are complete.
We also have been in contact with merchants that will start accepting this coin after launch.
There will be no initial dump of the coin from miners with large hash rate on the exchange as its a fair and equitable distribution of the coin and everyone involved will be invested in it not just throw hash at it to make a quick buck.

Mint was worth nothing, then pumped by multipools and dumped immediately. If you consider a coin like that a good investment, you're an idiot. Sorry. Every single coin that can be mined is manipulated by multipools or whales. At least we all have a fair chance with something like this.

Have a look at the monthly chart for Mint, and compare it against most other altcoins for March. Not many coins have done as well. That should be obvious. They are getting good merchant support at the moment as well. Prefer another POS coin, like Peercoin, Blackcoin or others?? No problem, they are out there to be bought as well... But this IPO stinks pretty bad...

Nope!  It's April Dump!

Any news/information about that?
IPO stage 1 starts today?

We are working on completing the online wallet. We have come up with a new strategy so people will receive their coins...

We are going to have an online wallet with withdrawls halted until after ipo what this means is we will send you your stake once we receive your investment but you can't withdraw them until as i said after ipo is done.

We mined the coins last night and got our block explorer up its at 999 because we had a halt on the wallet to not accept 1000 or above. We will mine the last block today once we complete the online wallet.

Just to prove to everyone we already have the coins and to show the ipco transactions we have also put up a block explorer for complete transparency

http://cryptogeeks.net:2750/ (http://cryptogeeks.net:2750/)

Yes stage 1 starts today around 7 PM EST if anyone is interested in solidifying their position please contact cryptoanalyst@capitalistcoin.com

Agreed it is finally a fair ipo that allows investors to make money before market manipulation if they choose to do so. If not they can gamble it on the exchanges however I believe we are creating a perceived value with buy backs that will ensure a market stabilization of price on this coin where the bottom will be higher than the last buy in ipo stage...

Where do you fools come up with this crap?  If you and your kind had more than shit for brains then there wouldn't be a market for these worthless shit coins designed to line the pockets of a few with as much btc as they can squeeze out of fools like you.

It's you and your kind that don't understand economics on how to create a value for something. There is the ability for profit yes however it is a joined profit system with our investors, a traditional format in today's capitalist society.

We are creating a new concept of sustainable value for the crypto industry and you are still working in an archaic mindset. This industry is a business and everyone is here to profit, do you pay fees to use an exchange to trade yes then why would you not allow coin creators to profit to ensure longevity in a coins existence.

Look at bitcoin the main reason it has such a strong infrastructure is it was premined and held and invested in as well, otherwise it would be like any other coin, small dev team and no corporate foundation to ensure long term existence.

Don't like it go somewhere else but we are creating a business here where investors profit. What other coins even care what happens to the investors once they throw it on an exchange?

Is there a timeframe for each stage or is each stage open until the stage is sold out?
Do you update the ann daily with the current BTC invested or how do we know how far the ipo is?

To answer your questions in order

1. There is no time frame it is open until the stage is sold out.
2. we will update the ann twice daily to ensure the stages are kept up to date.
3. We will have a google doc showing the username/investment/stage to ensure complete transparency "if someone does not want their username publicized we are ok we will just put a number there i.e. investor #4"

We are doing an offical announcement tonight at 7PM EST to open the investment however there have been some investors chomping at the bits and have put in pre-orders... We welcome anyone who would like to do the same to email cryptoanalyst@capitalistcoin.com

We are at the beginning of Stage 3 right now. I believe 30k so far have been bought in this stage already.

Public IPO ledger will be available soon!

scam_exposer we'd love to hear more of your baseless claims and accusations! Then again, our thread needs a few bumps... Troll away  :)

Public IPO Ledger is available https://docs.google.com/a/capitalistcoin.com/spreadsheet/ccc?key=0AhUGpqdVRFOidFBtMW9JS3FnZ0NUNmNPeHhUWXVBWXc&usp=sharing#gid=0 (https://docs.google.com/a/capitalistcoin.com/spreadsheet/ccc?key=0AhUGpqdVRFOidFBtMW9JS3FnZ0NUNmNPeHhUWXVBWXc&usp=sharing#gid=0)

What happens with the ipo when the buy interest stuck on stage 7?
15mil coins are a lot and everybody who want to buy at this stage aren't able to make a guaranteed profit. So it isn't unreasonable.

Once we initialize marketing and advertising push after stage 3 we are initiating multiple merchants to accept our coin at launch, we will also be bringing it to the exchange at that time however with a buy in phase no one in stage 7 would want to sell their coins for less than their investment.

All other stages listed below have buy backs so anyone who would like to sell can sell back directly to us for a profit.

This alleviates the dump on the exchange and allows stage 7 to be a bottom for the coins value.

If you would like i can explain it in more economic terms however I am trying to lay it out in lamens terms for everyone to understand.

If you would like to learn more about the IPO before we announce tonight at 7PM please contact cryptoanalyst@capitalistcoin.com

I don't agree with this. What people want and what people do are two completely different things. I've seen it many times before and a buy in doesn't protect this coin from dumping lower, even though people make loss. So you should spend some thoughts to the case if the demand in stage 7 stuck. As I said it before it isn't unreasonable.

BTW I thought you will bring this coin to an exchange after the ipo and not after stage 3?

I see what you are saying... Once we start to reach that stage we can always put it to a vote on what the community would like to see happen that I feel would be the best way to achieve the most effective result...

We also have plans to ensure a large enough buy wall is set at the price of stage 7 or above stage 7. We are capitalists and are working with investors to ensure everyone comes out ahead.

Just finishing up the Online wallet and doing security checks.

We may be delayed to start the IPO stage 3 by 30 minutes to 1 hour we will keep you posted we want to ensure the wallet is working to be able to get investors their coins

NEW THREAD: https://bitcointalk.org/index.php?topic=560942


GO HERE FOR ALL THE LATEST ABOUT CapitalistCoin!


https://bitcointalk.org/index.php?topic=560942.new#new

New IPO Thread for CPL COIN! https://bitcointalk.org/index.php?topic=560942.new#new
I will be handling all IPO questions. Please email - cryptoanalyst @ Capitalistcoin.com