Did you invest in the site or actually win? Really piquing my interest at this point, as I've somewhat passively followed the thread for a while...

If people can get the project back off the ground and can work out a fair way of distribution (we still have admins doing nothing and being paid for it) and get things rolling again, I can also help out with some tasks (outside of programming).

You don't convert on the fly when making purchases... you deposit BTC, which is then converted. So it is no different than sending to an exchange to sell, only you cut out the middleman (as with an exchange you're doing wallet -> exchange -> transfer -> spend, rather than just sending to card -> spend.

It's automatically sent to the holding addresses. So at the moment, I believe the only place is your own wallet. If you're not running a "full" client for NXT, you'll just see your balance go up, but won't see the dividend itself. Originally confused me but once you get what's happening it's easy to follow. If your JANUS are elsewhere, they will get the divs, so it's up to them whether or not they share them.

You're correct -- I read your last post. You weren't quoting anyone, so, by inference, it was a standalone statement/question. That's how forums work -- if you want to respond to someone, you quote them. Your past post history shows you already know this.

They have their own mine. Not sure the link but there's actually video proof of their own mine, and if you follow blockchain analysis, they mine a lot of blocks (also easily confirmed).

Considering it's only a small number they push at once, it will have zero effect. At least read the site before you make random comments like this.

I thought $2+ was the norm. Even local banks charge more than that.

The dormancy fee I didn't notice before. I got clarification, though: if you fund the card, that counts as an action. So every 90d just send $1.00 to it (1 mBTC or less now) and you pay no fee, .

I'm with you all on YoBit. I put in a support request long ago that took almost 4 months to get a response to.

I'm not too familiar with Cryptopia and who runs it, and C-Cex has had issues in the past (IIRC a hack?). Alcurex and Nova I'm also not too familiar with. But go with someone that is actually responsive of the group.

Uh, I hold a massive quantity of DVC. I've sent multiples of up to 20m at a time. I've never had an issue, so not sure what he's talking about. Might have been an old bug or something but I was sending a lot even in 2015/2016 without issues.

Correct me if I'm wrong, but since BTC is considered as a commodity in the U.S., can't you just treat the BTC as if it were stocks you were selling off? Or gold or other things like that? Shouldn't even need the loopholes.

Yeah, but that's at once. So if you're spending, you can cycle through BTC. Also, I think you may be able to open multiple cards if needed, though I'm not 100% sure on that.

Ahh, sorry to hear that. There are actually more options for you if you're not in the West. Sadly, for those of us who are, our options are limited (tried to sign up to multiple cards in the past, only to find out there's a block due to country).

If you've spent any time looking for prepaid Bitcoin debit cards, you know that there are many different options out there. Some are Bitcoin-only, others accept altcoins, and some are based on specific countries. After evaluating the various options, I was looking for two things:

1) Low fees (or none) for converting BTC/depositing to the card
and
2) No dormancy fees

#2 was mainly because I likely won't be using it often, and think it's a little ridiculous to charge people just to even have an account, whether it's used or not. On top of this, some implementations will put your account into the negatives if you already have a zero balance!

BitPay fit both of these, with no fees for depositing BTC (you can see the conversion rate on their exchange chart), as well as zero fees for holding the card. On top of this, they are one of the cheaper options, coming in at under $10 for a card. To see the full fee schedule, check it out here.

Some key features that I especially like are:

*Purchase Limits $10,000/DAY
*Cash Withdrawal Limits $3,000/DAY
*$750/TRAN
*Load Limit $10,000/DAY
*Maximum Card Balance $25,000
*Card to Card Transfer Limit $500/DAY

For pretty much all of us, this is more than good enough.

After deciding this was absolutely the path I wanted to take, it was time to set up an account. A fast and easy process, it does require personal information (as per KYC/AML), but no more than necessary. Once you've signed up, you're taken to the payment page, which shows exactly what to send in, and it's confirmed after you send the funds.

There is a little confusion after, since you don't technically have an account yet -- you make one when you get the card. And the card itself comes in a nondescript envelope, much like a credit card or other debit card would.

After receiving the card (mine took about a week), you set up your account and you're ready to roll. You can send funds through the site (using the BTC address) or use the BitPay wallet to do so. Here, you can send based on how much USD you want credited OR send x BTC and it will convert for you, so there are options there. And you can view your live balance within the BitPay wallet at any time. Confirmation comes quickly, and you're ready to spend your coin! And because it is attached to your identity, you can use all services (even things like PayPal, for example).


I mainly wanted to share this because the process was much easier than I expected it to be, it's a lot more full-featured, and it's the best option I've seen for those in the West. The lack of account fees (just for holding a card), cheap card cost, and no fees for depositing BTC are HUGE. I love when companies do things well, and I wish BitPay a long and happy life, .

So you're not honoring EITHER of these things that's still in the OP?

Rebroadcasting requires paying a higher fee. Using this system allows you to just make it priority (if they mine a block) without increasing the fee. So it's a free alternative, but may or may not make an impact, depending on backlog/whether or not they mine the block.

This is an interesting way to do it. Helps bring about a lot more transparency, so I'm all for it!

What is happening to those of us with the 10m we've been holding, in regards to our monthly bonuses (which haven't been received in months) and this membership site (which I believe should have been part of our holding, as a perk)?

It's the same platform. You can use that as your wallet (and to buy NXT) but for asset purchases you'll need a couple paid upgrades in their addon shop.

Wow, just a couple days ago there were still ~3m left to sell. So these sold quickly.

I'm wondering if there are any plans to add a chart/balance that tells the site's current monthly profit, though, so that we can check in and see how it's doing before the month is up.

He divested due to the site's losses. At the worst possible time (right after he divested, not only did profit go back positive, but WAY positive -- which is why investing is long-term, not just a few weeks).