certacoin.com If you want cash for your Bitcoin there is none better

[Hfleer]

I guess but why would you want to purchase a Certacoin certificate for cash if it is only worth that value in cash. To me it really makes no sense and was designed to lock in instant value into your Bitcoin and later be redeemed for cash.

Just if you could exchange it for BTC at that point, as an alternative to other methods.

[ninjaboon]

1. What is your paid up capital?
2. Do you have a licence to operate this business in your area?

[ninjaboon]

I guess but why would you want to purchase a Certacoin certificate for cash if it is only worth that value in cash. To me it really makes no sense and was designed to lock in instant value into your Bitcoin and later be redeemed for cash.

I'm a simple man. If I wanted to cash out Bitcoins (XBT), I'll take cash anytime. Then I'll walk down to the local grocery run by a foreigner who doesn't know anything about XBT.

[ninjaboon]

http://www.certacoin.com/purchase-certificate/
Please save your order number and email us after your purchase. This will be part of the SERIAL # of your certificate.

Why does the customer have to send you an email?
Isn't it all automated?

[certacoin]

No it is not automated yet. This is the test phase of the website. If it does well then we will go for all out programming and make it more professional.

[certacoin]

As for capital we started with $10,000 but no real capital is needed because when a purchase is made the coins are sold on the market via exchange and the funds are transfered out to our business account at the close of each business day.

We have our business license based out of New Jersey. We are a real LLC and if this business model proves itself we will put more into it. So far we have only two sales $50 and $5,000 which have come from the same customer. We have paid out and they are happy. Hopefully we can attract more business.

[wetsuit]

As for capital we started with $10,000 but no real capital is needed because when a purchase is made the coins are sold on the market via exchange and the funds are transfered out to our business account at the close of each business day.

We have our business license based out of New Jersey. We are a real LLC and if this business model proves itself we will put more into it. So far we have only two sales $50 and $5,000 which have come from the same customer. We have paid out and they are happy. Hopefully we can attract more business.

Just stick with it, as you build trust customers will come. Also it might not hurt to redesign the website using a CSS framework like twitter bootstrap or foundation. They are pretty easy to use if you have some basic knowledge of html and css. The current design makes your website look quite unprofessional I have to say. I do not live in the US but if I did and wanted to exchange bitcoins, I wouldn't trust you solely due to the design of the website.

[certacoin]

As of right now I just hired a team to do the web design. Hopefully a more professional presence can help the business. Thank you for all the pointers. They are greatly appreciated.

[certacoin]

We are sticking to the business plan and we are growing very quickly. We just had our whole site redeveloped and business is booming.

[successquik]

I would also be concerned that this "Certificate" concept is dangerously close to be a security as defined under the Securities Acts of '33 and '34.

Your intentions may be pure but you might need to check with a securities attorney.

I had actually been expecting one of the BIG players to come out with a Bitcoin money market that, for a fee, provides you a stable value, at the btc price point at which buy in (for a fee of course) but provides a piece of the upside (Just a piece, now, mind you LOL).

So, you give up a big chunk of the upside in exchange for now downside.

That's the type of stuff that Goldman Sachs and the rest of the Barbarians at the Gate salivate over.

Trust me... I guarantee you that Goldman, Chase, Morgan Stanley, et. al. have ideas on the back of a paper napkin for this idea right now.

Anyway, I digress and you won't see that type of a sophisticated derivative until the btc market cap is up in the $10Billion Market Cap range.  There has to be enough profit for the big boys to build and deliver such a product.

I'm just saying....

SQ

 

[successquik]

Actually, I  must be tired... .because "upon further review"... I seem to be missing something here.

Why would I send you my bitcoins, have you sell them, charge me to do so, you keep the cash, and I retain zero upside potential but don't have the cash in my hands, you do.

Am I missing something here?

Why wouldn't I just sell the bitcoins?

SQ

[certacoin]

You can just sell the bitcoins. That is not a problem for some individuals. Others have problems finding individuals to buy. Certacoin in actuality purchases your coins directly from you. No middle man. What ever the market price is you will lock in at the time of purchase. It is actually just a twist on selling your bitcoins to us. The whole idea is to avoid money transmission laws. We do not buy your coins and sell them to anyone else. We only purchase for our company. The concept does work. The past month or so has been very exciting so I can only imagine what the future holds. The best thing about Certacoin is that it is not just a company that is trying to exploit Bitcoin. We are truly trying to help the industry grow.

As for our certificate:

They hold no value on the open market and are more like a receipt for your transaction.