anti-scam, bitcoin is much larger than any one government, even the US government. if you read the quotes I have provided, from those who made bitcoin possible, their ideals were much the opposite. so even if I would accept the assumption that some "laws" are necessary, the question is: laws of what country? there are roughly 200 nations on this planet earth. its not necessary that bitcoin works with US law makers or law enforcement, simply because it can exist outside the United States.
I don't know where you're getting this from. Nobody has suggested enforcing US law in Bitcoin. Requiring passports is one step. Can you explain how it should be seen otherwise? What if the next core revision prevents trust of passports from Gabon, or Suriname, or Venezuela? The centralisation and surveillance may not be built in now, but unless we make distinct steps to prevent it ever creeping in, it will always be possible for someone to add it in later. The big economies will hold all the votes, the small ones will have no say. This is exactly counter to the core ideologies of bitcoin. And Alberto 'Bitcoin has nothing to do with personal banking' - what are you smoking? |
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I know, right? Like, why would you want to attract massive investment from a large cohort of people through an independent third party when you've got suckers lining up right here?
There are 26,000 shares left and I'm waiting to hear from someone on 25,000 of them. I've already answered this and in a very easy to understand way. Are you going to be like this MPOE "chick" and still commenting in a year when everyone has made their money back ++ or will you eventually stop talking to yourself? No, I just prefer everything to be above-board and visible to all. Working through an exchange is one way of ensuring that, otherwise we just have to trust your word that you're successful and that these people are being paid out. You won't even provide us a link to your site. As if internet porn sites are somehow secret and precious. |
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Mike & Augusto - what do you say to the billions of poor and unbanked people around the world who stand to benefit from the personal-banking aspects of bitcoin, yet who don't have passports, encrypted USBs or other forms of trustworthy ID? Why are you interested in centralised solutions that only affect bitcoiners from wealthy nations? Personal banking aspects of Bitcoin? Is this a joke? Let me refresh your mind: Bitcoin is a P2P software, not an bank emulator. And almost unbelievable reply from someone who should know better. |
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No this is not the case, we should have some extremely good news on Saturday if everything goes to plan. Which will hopefully spur the sale of the remaining shares.
So this is the new merchant adopter, that you have been working on for around 3 months? Using my psychic powers, I predict this reply: "Wait until after Saturday" |
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Before you get too technical, can you tell us:
What's out there on the market now and how is what you're offering any better/cheaper/different/smaller?
Who is your target audience for this product?
How much would it cost to build the first one? The second one?
If you can answer these, you'll probably attract investment from some interested readers in the forums.
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I wrote earlier that Mike Hearn was just using the passport in his talk to demonstrate a centralised piece of ID and to show that there is a better way of issuing zero-trust non-centralised ID tokens based on some recent advances in mathematics.
I now stand corrected and am genuinely appalled at the idea of requiring a piece of real-world, centrally-issued ID to perform ANY activity with bitcoin.
Mike & Augusto - what do you say to the billions of poor and unbanked people around the world who stand to benefit from the personal-banking aspects of bitcoin, yet who don't have passports, encrypted USBs or other forms of trustworthy ID? Why are you interested in centralised solutions that only affect bitcoiners from wealthy nations?
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I think Mike Hearn is way out of line with all his actions.
Yes, SPV clients and micropayment channels are preposterous!  Edit: I just heard that he's working on getting Tor on by default for Bitcoin wallets as well! What a monster! TOR integration is potentially dangerous at this stage because it's very low hanging fruit for media outlets/vested interests to attack. If we delayed TOR integration until bitcoin has gotten over many of these attacks regarding its 'anonymity' and 'links to criminal organisations', then they won't be able to lump us in with 'paedophiles' and 'arms traders' quite as easily. |
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Thank you Peter, so he did only 9 commits. Kinda strange or misleading to call himself bitcoin core developer then. To give some explanation, I watched his London video and what he says there was finally enough for me. There is a good discussion under: https://bitcointalk.org/index.php?topic=428777.0Qoheleth/everbody: I think he is out of line, pushing for blacklisting. I think he is out of line, pushing for SSL as part of this payment protocol. I think he way is out of line, trying to force everybody to proof their identity by verifying their passport. This is against Satoshis and all earlier crypto-hackers spirit, ideas and dreams. You're misinterpreting his point about passports. He was using it as an example of a trusted centralised token. |
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"Direct shares" come from the 60% (currently 100%) public share and should not be confused with the "private shares" (40%) introduced later.
I would like to know , what is the legal position of this PT shares offered by TAT on exchanges like Havelock ... since LMB Holdings is legal company, but the investors are anonymous(we didn't provide any ID), is this still kosher in the eyes of law? How they registered things? The question is ... TAT bought all "PT" shares before IPVO? They are officially registered on his name and he's selling them to us maybe for some premium? So all the shares are paid off from TATis pockets and company can't raise another capital via this offering? OR Are the shares somehow registered to email addresses(havelock) and bitcoin addresses(directs), so the company is still able to gain capital via public offering? I would like to know legal clarification of this if possible. What is the official status of these shares? The only shares for sale that have proceeds go directly to Neo, are the ones available at lmb-holdings.com. None of the shares trading on Havelock are being sold by Neo, they are all private shareholders trading on the open market. Any holder of NEOBEE shares may keep their info private, as it should be, though anyone can choose to add themselves to the public ledger if they like. To be clear, if you want Neo to have more capital, buy direct shares. But that's not how shares work elsewhere. If I buy $500,000 worth of AAPL, the money goes to Apple's bottom line. |
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If you buy from Havelock, you will receive dividends on Havelock, no further action is required from you. If you want to transfer to direct shares, you have to create an account at lmb-holdings and ask for a transfer there - no other exchange is available atm.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.
What are the relative advantages/disadvantages of holding shares via Havelock vs. LMB-Holdings? And I read somewhere that the division of shares will be 60% public, 40% LMB-Holdings - how does this relate to the 'direct shares' we're talking about? |
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What is your contingency plan if you do not sell the 50,000 shares required to make the IPO successful?
Hello twentyseventy, It would come down to a combination of the following: private investors, scaled down operation, and some of my personal funds. Why not put in some of your personal funds now, rather than relying entirely on individual investors (who you're screwing with a tiny % ownership/share). |
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Dividend suppose to be paid from profits.Do you really think they will be profitable this year?
Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me. I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$. If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind. One can dream… But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere  That is why we are developing the Neo Portals (atm) to enable us to establish a larger footprint across Europe, then using the data from the portals to establish the areas that will benefit from a branch. You might find that expanding the BEE network is easier than expanding NEO, given local banking competition and regulations. Although Metro Bank recently started in London, the first new banking offer in 100 years if I remember correctly. |
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Dividend suppose to be paid from profits.Do you really think they will be profitable this year?
Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me. I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$. If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind. One can dream… But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere |
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Dividend suppose to be paid from profits.Do you really think they will be profitable this year?
Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me. I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$. |
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ok lets say we take the different government out of the equation. how does the discussion start if not in a forum just like this one ? Read back to me what I wrote in my last reply. |
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understand !
lets say i can do all this and i am able to provide a public exchange from bitcoin (and other crypto currencies) to local currencies
would i not get shot down within the day i start ?
this is kind of the reason for the post to build this kind of think tank for an african "trade platform"
That all depends on local government behaviour I'm afraid - not something I can advise you on from behind a computer screen. Maybe start with an advert in a paper to create a local meetup to form a discussion group and see where it goes from there. |
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More info on the Eastern Africa venture coming soon...
Just my 2 satoshis - I really think offering the zSIM alternative to M-PESA (or maybe in collaboration?) would be an amazing opportunity, not only for bitcoin but also the unbanked of Africa. Agreed, though that's more western Africa unless I'm mistaken. In eastern Africa I guess they will need something to help or replace hawala. That's more North Africa (the Maghreb) but it's still a good point. If you can make it sound like Bitcoin is more in keeping with 'Islamic Banking principles' you may find it takes off very well. |
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If I can make a suggestion coming from Canada, a developed first world country it is this:
Create a service that makes it easy for people in Africa to receive payments in BTC and have those payments converted to local payment systems that the local people use much like Bit-pay does for merchants. A good example would be a BTC to M-PESA gateway for people in Kenya.
Let us say Bob in Kenya needs to receive payments from Alice in Canada. Bob would sign up with the service in Kenya and is provided with a custom web page on a site in Kenya and a password for a sender to use. Bob does not need to have Internet access. Bob then provides the password and the site url to Alice. This can even be done by regular (snail) mail. Alice then logs into the site with the password provided by Bob. Alice is provided with a Bitcoin address to send funds to Bob. After say 3 confirmations the M-PESA credit shows up on Bob's phone.
The key here is that the service in Kenya does not need to concern itself with how Alice obtains the BTC or learn how to use BTC or for that matter what the regulatory requirements are in Canada. Leave that up to the Bitcoin community in Canada. Replace Canada by any other "rich" country and one immediately sees the benefit Bitcoin can provide here.
I mention this because I still recall a situation 18 months ago. I was waiting in line at the local Post Office, ironically to pick up some documents I needed for my MTGox account. The fellow in front to me wanted to send 70 CAD to someone in Kenya. I could not avoid to overhear that it cost him in the neighbourhood of 10 CAD in fees. Do the math please.
this is brilliant you see we don't have the processing power or the actual electricity to mine as the rest of the world yay for power cuts. this is what i am talking about ways Africa can enter the conversation! so thank you for the meaningful input. You don't need to mine to make an impact in the bitcoin world. Go look at zSIM, being run by seedco.in - it replaces M-PESA with bitcoins. There's also potential bitcoin ideas regarding banking, money transfer, secure messaging and much more. You just need to come up with an idea that's suitable for your local area, a willing group of programmers and business people and make it happen! |
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Bitcoin has turned into the bank you have to go to if you want to buy altcoins
I don't understand what you mean. Could you explain? There's often no route from fiat --> altcoin, instead you have to go from fiat --> bitcoin --> altcoin |
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Fantastic news! Time-Locked Wallets
This is an awful and misleading name for a revolutionary product! It's not a wallet since you won't get out the number of coins you put in. It's more an investment fund. But the upside-only option will be really attractive for the bit-curious. I agree - you need to make the name understandable to the man on the street. A wallet is something you carry around with you. A savings account is something you store money in. |
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