The way things sit right now...Mt. Gox is holding Bitcoin prices hostage...coinbase takes 5+ days for almost everything...and our friends and family are having problems getting Bitcoin quickly enough to invest in our IPO.  This must end.  Brick and mortar Bitcoin exchanges will popularize cryptocurrency in new markets, make Bitcoins more accessible to current owners, and stabilize all cryptocurrency through their very existence.
The question is why these exchanges don’t exist already? The answer is that it’s a scary market.  The stability of Bitcoin is in question.  Every week there seems to be a new scandal, and untested government regulation requires significant time and capital investment to create a business that no one is sure will last.  While everyone is waiting for permission...we’ll just do it.

With current Bitcoin prices we’re asking for somewhere in the neighborhood of 75,000 dollars.  We’ll be using a shoestring budget...but in the end all we need is enough money to get a specialized lawyer, rent a brick and mortar location or two, and hang a sign...everything else is window dressing.  We are aware of all the different laws and regulations that exist.  They are quite undefined...and can be either worked around (vouchers, private club), ignored (legally challenged), or completely observed.  We have access to some free legal help, but in end we’ll hire one of these new brand of crypto-accountant-lawyers to advise us on exactly what is possible.  Are we putting the cart before the horse?  Absolutely, but right now this is the only way to get things done at a reasonable price.

 We expect criticism, but please visit our webpage and read into our motivation.  If you believe that we are naive...then perhaps...but we are not trying to steal anyone’s money.  Email us, tell us your skills, and we’ll put you to work.  We have the foolish idea that people might see the benefits of a publicly owned brick and mortar exchange, and so we are going to open one.  If it’s only the founders sitting around a ticker with their Bitcoin wallets open and a stack of twenties then so be it, but we were hoping for some legitimacy.  We thought public ownership and a financially transparent business would help in this regard.

This is all uncharted waters, and our business plan is definitely unique...even undefined in many places.  Few things can be set in stone as malleability will be required if this venture is to succeed.  We want to hear from our shareholders, and cryptostocks makes voting very convenient.  EasyBitzz believes cryptocurrency will shake the foundations of economics and government.  We expect many people will say that what we are proposing is impossible…and they are free to keep their coins.  We are hoping for owners who believe in our greater mission of promoting the mass adoption of cryptocurrency.     

The use of Bitcoin for illegal purposes has placed a black cloud over the otherwise brilliant solution of Bitcoin, and EasyBitzz is undecided in the level of scrutiny that should be aimed at our customers.  We believe that anonymity is one of the strongest and most unique properties of cryptocurrency and are hesitant to rob Bitcoin of this attribute for the purpose of purported legitimacy.  In the United States the sale or purchase of Bitcoin is virtually unregulated.  EasyBitzz could check identification, verify bank accounts, run credit checks, background info, criminal history searches...all of this can be done by subscribing to one of many services for a small monthly fee.  For EasyBittz as a company...this may be the safest route to avoid any future legal problems.  But there is a greater question of deciding how cryptocurrency will be treated in the future and how EasyBitzz obligation to its customers, owners, and Bitcoin should be defined.  KYC (know your customers) and money laundering regulation does not currently apply to Bitcoin exchanges.  It doesn't even apply to typical fiat exchanges.  These laws are made with banks and investment firms in mind.  The idea of applying them to a simple currency exchange would be a little too compliant for EasyBitzz liking.  Not sure when the last time anyone changed a dollar bill into Euro (or peso, baht, yuan etc.) but no identification is necessary.  Cryptostocks makes it very easy to hold shareholder votes and it would be an interesting thing to poll.  EasyBitzz intends to follow every federal and state law in which it operates, but we intend to buy/sell Bitcoin to our customers without the need for checking accounts, identification procedures, or five day waiting periods. Buy/Sell limits could be instituted to combat money laundering, but these are all things that will be brought to the attention of our shareholders. EasyBitzz will not do business with any person or company that we suspect of using Bitcoins for illegal activities, but currently has no plans to sacrifice the anonymity of our customers to combat crime.  That is a job for Batman.

No problem, I'd be happy to explain. We plan to use the funds raised by the IPO as the initial start-up money for the company. We feel the amount we raise will allow us to rent a storefront near the D.C. area. A portion of the funds will be set aside for furnishing and getting the space we rent able to accommodate our exchange. Once the exchange is up and running we plan to have transaction fees that will be similar to what online exchanges are charging now. The idea behind an exchange is relatively simple, and after an successful IPO we will have all that is needed to open a fully functioning exchange. After the first exchange opens we will expect to see that reflect on our market value thus giving us the potential means to open another exchange. We believe that this process can be repeated multiple times. Again the real idea is to spread awareness of Bitcoin by also making it vastly more accessible to the general public. I hoped this helped to clear some things up.

The founders of EasyBitzz recognize the tremendous gap between those currently involved in cryptocurrency and the rest of the world. The EasyBitzz team is committed to eliminating this gap through the creation of brick and mortar Bitcoin exchanges. Cryptocurrency has reached a precarious plateau where growth is stunted and stability unrealized. Electronic currency has unfathomable potential but lacks the foundation necessary for mass adoption. EasyBitzz believes this problem can most easily be solved by making Bitcoin and other cryptocurrencies more accessible. EasyBitzz primary mission is promoting the mass adoption of Bitcoin through the creation of multiple brick and mortar Bitcoin exchanges. These exchanges will lend stability, efficiency, and accessibility to all cryptocurrencies.

Share Structure:
Total Shares: 300 million
45% of all shares to be made public
Initial Public Offering:  135 million non-dilutable shares
Initial Public Offering Price: .000001 btc
1btc = 1,000,000 shares = (.333% of the company)

Issue Date: February 21st, 12:01am (Eastern Standard Time)
*IPO and public trade listed on Cryptostocks.com/securities/97
*Open trade will be initiated shortly after final share is sold
*Transparency in all aspects of business will be of paramount concern
*Founders will reinvest using personal shares to expand EasyBitzz

Note to Forum regulars:
Our headquarters is located near Washington D.C. and we personally plan to be spending the next few months scouting locations, moving furniture, and overseeing every exchange opening. If at any point you agree with our mission and would like to be involved please contact us directly. While financial success is always a motivation, EasyBitzz is far more concerned with the greater cause of promoting the mass adoption of cryptocurrency.

Visit our website EasyBitzz.com for updates and the full business proposal.