Exactly! BINGO! You're starting to see the picture! GREAT JOB!

And you are correct - I am not use to doing a forum; I've never actually participated in one online! But I hope that I will be able to answer as many questions as possible to give you all a clear picture of the service!

Thanks for participating!

Thanks again for your participation! If you'd like to Sign Non Disclosures and Non Competes (NDNC's) and purchase our Business Plan you may do so for $7'000'000.00 Euro. Thank you for your continued interest!

Please send your request to: buytheplan@bgmco.info

Thank you!

THANKS FOR YOUR SUGGESTION! We'll definitely keep that in mind! However at the current time the name that we have registered is BITCOIN GLOBAL CURRENCY AND MONEY OUTFITTERS (or BGMCO for short, as it will an overhaul of our current business which already has the URL affiliated.)

We also prefer INFO as we hope to REMARKET AND REBRAND the extension to BE USED AS: (I)nter(N)odal(F)inancial(O)rganization. But we'll see how that goes!

Thanks for the great suggestion!

No.

First you must decide on an EQUIVALENCY LEDGER type. This is simply telling us what Currency You Prefer to Exchange TO, or a currency you prefer to use.

Assume: You have an account with us; a Ledger. The Ledger Equivalency is the USDollar. You want to deposit $100.00 US - you would send us approximately (whatever teh current rate is) 1 bit coin (.7163 BTC at thsi momen in time). We take that deposit, convert it internally, and reflect that you purchased $100.00 worth of "X". Your Value is now locked at $100.00. If Bitcoin Goes DOWN we would pay you MORE bitcoin (whatever the exchagne is for $100.00 equivalency); or if bitcoin Goes UP we would pay you a little LESS bitcoin (whatever the exchanged equivalency is).

BUT - that $100.00 on the Equivalency Ledger, will earn interest.

Now, assume your interest earns you $4.00 Equivaliancy (4%); You would be able to withdraw $104.00 US EQUIVALENCY in Bitcoins! We send that to your chosen Bitcoin Address. Tada Done!

I hope this helps!

Close - You make it a deposit. We record the deposit. We apportion that deposit to one of the chosen vehicles internally. You request a withdrawl. We pay that withdrawl from our Reserve Liquid Assets, and "technically" we "buy the asset that we've recorded from the ledger from you and provide you payment in return for your release from the apportioned entitlement". I hope that not too compliacated.

All transactions Ingoing and Outgoing are in Bitcoins.  We simply send you and equivalent amount to what is recorded in value on the ledger.  You put in $20.00 lets say, you pay through 'the bitcoin token to acquire the ledger entry and 'become entitled to that part of that vehicle'.  We would in reverse pay you out - in bitcoins equivalent to the Ledger's value, thereby reaquiring our interest in the apportioned part ascribed to you.

If BitCoin or the Dollar, or Yen, or Euro, or any currency drops - the Value is Preserved, and due to the our chosen vehicles in the basket if the bit coin drops it's value at the exchange is captured, and repayable, without loss on the holding of the bitcoin.

I hope this helps.

Is it a bet?  No - it's a guarantee against loss on the Dollar, AND EMPOWERING Bitcoin as a Transfer Mechanism, by virtue of the fact that it is an Entirely Virtual Currency. A new Money deserves a New way to use it - BETTER THAN WE HAVE BEEN using Paper Fiat Currencies.

It's just that simple!

We will be holding a Cash Reserve for 100% Liquidity to Value if Deposit.

How it is HELD is up to us, and cannot be disclosed, due to certain legal issues; we must at all times operate under "at arms length" including extension to the legal territory whereby we would become protected by "Plausible Deniability".

This is also one of the main reasons our hands can never touch Fiat Currency, and why we abandoned FIAT Currency entirely over 12 months ago. We have severed the tie that would provide a link to any association on our part to what could be deemed a 'cash transaction'.

It is also important here that we can provide you with a 4% interest return, but again we cannot provide you with how unless a) you are an investor and such information is provided as part and parcel of our Disclosures, or b) unless you work for the project; this maintains an 'at distance relationship' and provides you, and us, with 100% Security and 100% Safety from anything which may be misconstrued as a misdoing.

Thanks for your comments!

Investors Terminology Disclaimer: At No Time do we purport ourselves or our service to be a FIAT CURRENCY MONEY HANDLER, NOR AN INVESTMENT FIRM FOR STOCKS, COMMODITIES, OR ANY OTHER INVESTMENT VEHICLE; The word Investors as used heretofore is used to mean ONLY "a party who is seeking to take part, as an active investor in our service provision business, as either a seed capitalist, a silent partner, or a active managing partner, or seeking the opportunity to become such similar or like party in relation to their involvement with our project. End of Disclaimer.

It was, and I'm sure will again, be a pleasure.

Especially for you: perhaps to give a point of reference: Argentum et aurum comparenda sunt! (This forms a part to the backbone of our structure you might enjoy thinking about, but don't tell anyone!).

Cheers!

Thanks for your continued participation!

I am sorry that my not telling you the internal workings is upsetting you - however, that would strike me as more of a personal issue than associated to the operation of BGMCO.

You are entitled to your opinions, but the fact that we have clients weakens the positing of your sentiment.

The Structures and Foundations are sound - if you have not been able to see how it works and figure it out, I am sorry. I suppose it's beyond your comprehension -but that does not mean it is beyond ours.

Your comments also do not lessen the fact that it works, despite your resistance as to whether it can. We have proven the foundations over the past 12 months, they are valid, the returns are solid and as expected.

Thanks again for your participation!

Thanks for your comment, but again - the conclusion you draw is incorrect.

I greatly enjoy everyone trying to figure out 'the how' but that is proprietary information. Formulas, equations, individual basket make ups, and the like are not for public disclosure.

The foundations and structure are sound.

Your comments are appreciated, and thanks for keeping things lively!

(PS: If you went to a bank or any business and asked them about their secrets they wouldn't tell you either. But "Success Is Knowing Something that No One Else Knows", and we know many things that no one knows.)

You are labouring under the misapprehension that you are correct with your theory. And you are entitled to believe that which you have written. You would require knowledge of our structures to make any accurate conclusions. However, as you are not in possession of them, though we appreciate the comment, you are incorrect.


Thank you for your comment!

Nope - Let's not use non-referentials for examples, as that just becomes messy.

Let's start with the BitCoin. Bitcoin has a Speculative Value, not a Real Value. It's worth nothing if the currency is not there.

Now say you have a dollar bill, or a euro coin. You can use those anywhere to buy anything - as they have a Standardized and Intrinsic Commonly Recognized and Known Value.

A dollar is a dollar.

And though a bitcoin is a bit coin; the dollar will be there when the power goes down. The dollar cannot be hacked and is not succeptible to a virus.

But, now let's assume that your 1 dollar bought 1 bitcoin. and tomorrow the bitcoin was worth 0, and the dollar was worth .50 cents.  Better to have the dollar.  Or let's say that your computer crashed, or the power went down, or your battery lost it's charge - you could take out the dollar and pay.

Now - let's say that you knew the Dollar and the BitCoin were susceptible to going up and down; you would choose the one that has REAL VALUE to STORE the VALUE of the that thing.  Liek putting a penny in the piggy bank.  Tomorrow it WILL be there.

So, now let's say that your 1 bit coin went to a Unit that was linked to something entirely differently.  Let's say copper.  And let's say that your 1 bitcoin could buy you 1 Ledger Share of Copper, at YOUR Chosen Currency. And it gets recorded.

Tomorrow there your computer crashes! All your coins in your bitcoin wallet nice and safe, but no way to access them!  The networks are down, and a massive network attack has started on various serves causing downages.  your Bitcoin, just like MY BITCOIN - Are worthless.

But I could pick up the phone and call BGMCO, or send one of those paper letter things, or a fax, and say SEND ME MONEY! And - We Would.

Thanks for your comment! And sorry, but we have no tulips today (insert polite chuckle).

Due to the fluctuation nature of non-real value currency like crypto currency the sentiment posed is inaccurate.

A currency that is not linked to a Tangible Real Value Unit (liek Oil, or Gold, Or Wheat) has no value.

It would also subject our clients to Unknown Losses, which defeats the saving principle. As if the BitCoin devalued to BELOW the Fiat Exchange you chose we'd be happy to pay you less - but we woulndt' feel comfortable doing so.

We provide a way to associate to REAL Value, not Speculative Valuations.

Thanks for your comment!

I should probably add to the previous post in saying that:

Our Internal Unit of Exchange Increases In Value as the Dollar, Euro, and other Fiat Currencies drop.

This differentiation allows us to leverage our Unit. The resultant difference is proportionally distributed (over a multitude of uses), but as well to form another part of our Interest Payment structure.

Further information is confidential, and not for public disclosure.

Thanks again!

We use a Multi Chained Commodity Basket to Value an Internal Proprietary Exchange Unit.

This unit is not tied to the Fiat Market, but rather to Commodities, Raw Land Holdings, and other similar and like Tangible Inventories.

The Bit Coin Exchanges to our INHOUSE CURRENCY. This is how we manage the ledger. Payout are whatever our INHOUSE Commodity Chained Unit converts to a FIAT VALUE of which ever chosen country's Unit Of Payment.

BitCoin is simply a TRANSFER mechanism. But due to it's virtual nature and duplicitous monetary aspects can be extended beyond the regular confines of the traditional systems available.

I hope this helps.

To assume things based on incomplete information makes the assumption itself flawed.

And of course, you are entitled to have any opinion you wish. That's your prerogative.

The structures and foundations are sound, and have been working for our 45 active clients very well.

But when BitCoin goes down for 3 days due to loss of electricity, or you loose the charge on a cell phone, or the banks are closed and the exchanges aren't running - we have confirmed that people prefer holding something that IS LINKED TO CASHABLE ON DEMAND item, than a digital piece of coding.

You could still call us, on one of those old land line, or fax us, and request a Withdrawl - which would then be sent via a more direct payment; of course after verification of account holder.

But that would require divulging the internal workings, which of course are not for public disclosure by any company, group organization, or other like or similar entity.

What I will say is this: It's safe to hold something of value, good hard asset value, than something that you simple believe has value because you see the numbers on a stock ticker rising.

Thank you for your comment!

That's right it is - but until we have a dedicated team in place (which requires funding) and we have equipment (which requires funding) and we have a team that can Administrate that function of setting up a few rigs and go hardcore mining - we are only 3 people. Donations help us add: Hardware, Team Members, Software Purchases, Legal Consults, 3rd Party Professional Hires, and a multitude of other required parts to project.

I suppose if someone offered us $10'000.00 worth of TIME that would to just as good!

Thanks for your question!

Not at all - ITS PART OF IT'S GREATNESS!

I suppose that I should point out - as we have touched on mining - that this forms part of our Returns Structure; Afterall - When we mine coins it's a little bonus for all of us! (But that's just one very small part - but it is a very real part of the system that allows us to provide interest payments!)

Thanks for your question!

Great Questions - With Simple Answers!

We do not "transact or conduct business in any "REAL OR PHYSICAL Fiat Currency", no paper money ever changes hands.

Let's give an example.

Assume you were in the basement of your house.  And (most of you who are up to date will know this as Mining, or Rigging), but you sit there in your basement, and all the doors are closed. You sit in your PJ's and you are running a little piece of software called a BitMiner. It works on your computer, at home, in your house, in your basement, and all of a sudden you get a DING over your speaker. YOU Found A BitCoin!

Well that BitCoin has value. It is available to TRADE INTO any Fiat Currency, yes. But DID YOU GET IT FROM Fiat Currency NO. Tada! The magic has begun.

Now you go and spend that BitCoin. Say 1 Coin (about $120.00 USD), and you buy a little Tablet PC, a cheapo one! Now, did you pay ANYTHING Equivalent to A Fiat? Or Did the Transaction ORIGINATE FROM FIAT? No - not at all.

The BitCoin ORIGINATED from your computer at home! You did not receive any external payment for it. Thus - it's NOT FIAT, and CANNOT BE DEEMED TO RESULT from a FIAT Currency.

Suffice it to say the rest of it is very legally technical. But - IT IS LEGAL!

Now, let's say you want to have a 'common association to it' - well you can THINK of your BITCOIN in TERMS of VALUE "related" to a Fiat Currency - Yes. But that's just for Ease and Convenience of use. For your convenience.

But - If you decide that you want to store the bitcoin you got from your computer as a Euro, or a USD, or a GBP does NOT MEAN IT IS! It's simply for you to have a something that's easy to count in your own books, ledgers, or for use when thinking about how much to pay for something - IT'S YOUR CURRENCY! Not Ours.

Now - if you deposit a Virtual Cryptocurrency, to a Virtual Ledger, that is a Virtual Transaction. It has no Physical Origin. But if we tell you that we are going to give you 30 SLATOVSKIES for your 1 Bitcoin that is a LOT more complicated than saying that we'll give you $120 US Dollars, or $100 Euros.

I hope that gives you a brief explanation on Virtual Transactions. It's also why we call ourselves an Outfitter and NOT a Bank. Bank is just an easy Common Term of Reference. But we are an Counting House (much like an accounting firm), the units we use to designate accounts a Proprietary Unit Exchange Unit.

Thanks for your questions and comments!

We cannot divulge internal workings, as they are proprietary.

But thank you for your question!

Our Project is Best Described: as a Global MutiCurrency Exchange Counting House.

We take your deposit. Enter it in a Ledger (in a currency of your choosing - let's assume a Euro) ... so you deposit EU20.00 Euro worth of BitCoins. We enter it on OUR EURO Ledger as EU20.00; and apportion it to a physical asset. The cash is right there, but it's now tied to something physical!

So if you want your cash - you put in a withdrawl request, and we conver that EU20.00 Ledger Value for your Deposit, into the Then Current Exchange for Bitcoins, and pay it directly to your wallet.

You can then use them to pay for Good or Services, Cash them out into Currency via Mt.Gox, CaVirtex.com, Bitinstant, or at a Local Bitcoin Trader, or even on Ebay, for whatever currency you need, or want.

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While Your Money is On Deposit, it will earn interest according to the Tier (or Aging) of your account on our Ledgers.  When you hit a Tier you trigger an Interest to be paid on your Ledger Value.  So if you have EU20.00 on your Ledger, you'd get EU20.80, assuming you are at 4%. You can keep saving, or cash out via An Exchange, A BitInstant PayCard, OKPay, or  Direct to your bank via PayPal (also care of BitInstant).

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As BitCoin ATM and BitInstant Paycards get released to the public you'd get even more use out of your money, and the added convenience of multiple points of withdrawl and direct pay use!

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I hope this helps, and thanks for the question!