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aussie_striker (OP)
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January 30, 2014, 10:31:24 AM |
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The latest Blog Post has been released.
The Long Overdue Post
January 30, 2014
By bitadmin
From an inside management perspective, Bitcoin, GBBG, and bitbillions have been an extremely interesting, and challenging experience thus far, to say the least. What began as a hodge-podge of unorganized, unfunded dreamers filled with grand visions and expansive projects has slowly become a more organized, focused core. We are still very unfunded and understaffed, but that is changing quickly.
Much has been happening behind the scenes the past 6 months. Some things very positive and uplifting. Other things have been a bit sad. Overall, we feel the organization is moving in a direction that points to attainable goals, achievable profits, and a solid, dependable future for our members. To explain this view we will bite off several chunks in different blog posts over the next few weeks.
Today, we will talk about technology development, product vision, and how this affects our company and our membership.
When we began, we mistakenly predicted we would sell over 50,000 Founder positions around $50 each and easily have $2.5 million capital to begin cranking out products and developing extremely disruptive technology. As you all know, this vision was far from reality. So, we have spent the past 6 months continuing to raise capital while evaluating every technology opportunity for the absolute best we have to offer. This resulted in a massive reduction in project planning, product concepts, manpower, and items on our plate.
As of today, most of our original core of developers with various product/technology visions have had to continue without us. Many of them are attempting to raise their own funding through various means and will take their ideas to the market without GBBG. It is a mutually beneficial reality. GBBG cannot afford to fund several projects, we do not have the manpower or capital to spread over many avenues, and yet these people deserve the opportunity to take their concepts toward reality. We simply have not raised the projected capital to be involved in several different development projects.
However, this is not bad news. What we have accomplished is the ability to pick what we feel is the very best project, and pour our resources into it. We have raised the funding and technical manpower to focus intently on a disruptive technology we feel will entirely change the bitcoin, crypto-currency, and financial marketplace forever. We feel we have sufficient seed capital, manpower, technical vision, and a blueprint to accomplish a very focused, driven, and important mission.
We feel 2014/2015 will see GBBG release a product into the global marketplace that will rock the entire core of the bitcoin community. And you, our current members, will gain the most over the life of this project. Our inside teams have been evaluating and discussing product concepts, business models, technical revolutions, and overall practical applications for the bitcoin protocol for nearly a year now. The entire purpose of these discussions: to weed out all but the very best idea, and then focus 100% of our capital, resources, and future upon it.
However, before this becomes reality, we all need to go through a few major obstacle courses together. First, we must continue to grow our core bitbillions membership community. After all, this is the community that will provide some of the seed capital for our project, the entire beta testing population, and the original users and marketers of our upcoming, revolutionary product. Second, we need to transform GBBG’s current software into a long-term application capable of scale in areas such as data, content, and security. Finally, we must capitalize major engineering, legal, regulatory, and marketing plans. This is going to be a daunting task.
Together, we can do it. There are over 50,000 of us working together now. If we all pull together behind one vision, we can accomplish anything. When we started GBBG we set a goal to achieve 50,000 supporters. We dreamed this number would be the core basis needed to actually pull off a grand project. Today, we have that number. So, we are 100% confident we can work together, with you, to change the financial world forever.
Let’s move for a moment from the dream and look at current reality. We are far behind the original $2.5 million we thought we would have by now. However, we have 50,000 supporters, growing daily. We don’t have 10 or 20 projects to develop at this stage. However, we have one focused idea we think will rock the entire bitcoin/e-currency/financial world and produce massive profits for our organization.
Our original plan was to launch GBBG to the world through bitbillions with as much free, open-source coding as possible. Therefore, we chose systems such as Ajax, MySQL, and PHP for their ease of deployment, no-cost open-source environments, and wide-array of available developers. We knew these systems would not carry us into mass scale, but we also assumed we would have over $2.0 million in capital and teams of developers to quickly move from free, open-source environments into costly, enterprise quality environments. Boy were we ever wrong about that!
January has been a set-back technologically. A lack of capital, combined with a reduction of manpower has forced us to rely on free, open-source technology too long. We are still managing everything through a free, PHP driven CMS system. This is not only incredible, but entirely illogical. We should be running proprietary content management, client management, data, security, and other processes. We just can’t at this time due to funding and staffing. But that is about to change.
During the month of January we entirely rewrote our data and content/customer management processes to create a more robust environment. It is still free and open-source, but it is better constructed and better stabilized. However, all our managers and developers know it is not scalable and will never be a long-term solution. Therefore, we are already writing the blueprint to convert our entire operation to a solid, proprietary coding that will be scalable and have long-term potential. We are laying the ground now to quickly begin development of our Matrix Stage systems.
This means we will continue to have bugs, glitches, and growing pains in the current software for at least 6-9 months. It also means when we roll out our long-term Matrix Stage system we will again go through a period of testing, fine-tuning, and bug fixing. If you are unable to bear with uncertainty, glitches, system outages, and other growing pains through the next 12-18 months, we recommend you wait until after January 2017 to participate in all GBBG projects.
We are not a fly-by-night company. We are not a get rich quick scheme. We do not promise you will make money fast. We guarantee you will not make money over-night. We actually project that most of our members will not earn much at all over the next 12 months. What we do promise is that we are building a product so revolutionary, so important, and so overwhelmingly disruptive that those of you who are willing to bear with us through 18-24 months of development will gain so much you will laugh at every other opportunity you ever saw before.
If you need income now, you should look elsewhere. This is not the place for immediate income, unless you are capable of generating huge numbers of referrals who upgrade their accounts. For the next 9-12 months, most members who earn immediate income will do so only through referring commissions. If you need fast returns on your “investment” or want someone to give you unbelievable hype and unattainable promises, you should go somewhere else and look for the person willing to sell that to you. If you are trying to profiteer by leading people down some magical dream of a fairyland world where they deposit a few dollars, click a few buttons, and “poof” they are suddenly rich, you really need to exit the GBBG train immediately. We happen to live in reality. We happen to understand that real wealth comes slowly and methodically through a controlled, managed process. We do not promise anything else. Our only plan is to deliver undeniable, unimaginable wealth, to those willing to go the long-haul with us. And this means we are looking at a minimum of 2015 before things start to become palatable.
On April 4, 1975 a man had a vision to create a company that would affect the entire world forever. He promised his original investors they would see unimaginable results, but they would have to wait until after 2005 to receive their first dividend. Some people jumped on the opportunity, investing millions of dollars into his dream. Others, too impatient to see beyond 1975 called him a buffoon. Today, Microsoft still remains one of the most powerful, influential life-changers on earth.
We feel the overall bitcoin community is developing hasty, ill-planned, rapidly constructed concepts and using the overall human community as massive guinea pigs in a global economic experiment. Far too many products have been released, far too quickly. And almost every single one of them have been destroyed by security flaws, outright hacking, or criminal inside corruption. Just like the “dot-com” boom of the early 1990’s, bitcoin will have a similar story. History truly repeats itself and we know it will with this protocol.
Hundreds of thousands of products will hit the market over the next 24 months. The vast majority of them will die sudden and painful deaths. Billions of dollars will be lost in hopelessly ill-planned ventures. In the same way billions of dollars died rapid, painful deaths with Webvan.com or Pets.com or the hundreds of other dot-com flashes in the early 90’s, hundreds of millions of dollars will die in flashes such as first-to-market blockchain concepts, countless e-currencies, and other crypto-currency products. And then, the real winners will begin to emerge.
Over 500 search engines came and died through the 1990’s, until some unheard-of team of college kids dreamed of the search engine called Google in September of 1998. Thousands of email clients, web browsers, and online content providers came and died in the 1990’s, until true visionaries brought forth products such as Hotmail, Netscape, and Yahoo. We believe thousands of e-currency companies will come and die over the next 4-6 years. It is purely a natural, predictable, expected occurrence. Any person believing otherwise is a fool and should be avoided. Any person who projects long-term growth and stability on a fledgling, immature, infant-stage protocol such as bitcoin should seriously have their head checked.
Bitcoin is just like TCP/IP and MIME and the other revolutionary protocols that came before them, in the fact that it is an ingenious, revolutionary, ground-shattering way of doing something. But it is very new, very young, and extremely far from its true purpose. If you think bitcoin is a commodity, a currency, or a method of processing monetary transactions, you are simply a part of the stupidity and wackiness that would have tried to define what the “Internet” was in 1989. Yes, the Internet existed then.
Bitcoin is far too young, far too underdeveloped, and far too under-engineered to be regulated, poured into the foundation of any system, or especially mass-utilized. However, we do happen to live in a time when protocols such as TCP/IP and MIME have been fully vetted, therefore producing an incredible juxtaposition for bitcoin. We are too connected and too capable of accessing bitcoin to allow it to properly develop without regulation, flawed foundational attempts at the expense of the uninformed general public, and far-reaching visions of mass adoption, way before it is ready.
So, what is GBBG doing? Where do we fit into this picture? How will we earn money and allow our membership to gain from this reality? That is a topic that will be more completely discussed with the next blog post. But to help you dream a little, we will leave you with this.
GBBG understands bitcoin is too much an infant protocol for mass consumer adoption. Yet we understand an important step toward this is mass consumer access in a much more simple, user-friendly manner. GBBG understands bitcoin and all e-currencies are too far from the security, consumer protection, and regulatory compliance standards that will make them capable of truly disrupting banking/investment/global finance, yet we understand an important step toward this is street-level exchange.
In our next post, we will begin to describe how GBBG, and YOU, are going to make bitcoin so accessible, and so street-level usable, that current manner of obtaining bitcoin through exchanges will seem pointless, absurd, and down-right stupid. We are going to rock the bitcoin community so hard that every person currently participating in any manner of business related with the process of exchanging fiat currency into bitcoin will be shaking in their knees.
The current Banking Industry is going to be changed forever. For many of the archaic establishments, this may only mean death. The current Credit Card, Merchant Processing, and Payment Remittance industries will undergo painful, sweeping modifications. ATM and other currency machines, especially bitcoin ATM’s, could be absolute dinosaurs that may vanish as quickly as they came into existence. And you, with GBBG are in position to be a massive, powerful, extremely profitable part of this process.
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