[BitFunder] btcQuick - Bitcoin Sales Service

[Ascension]

can someone from BTCQUICK answer the question about the MSB and FINSEC stuff. So i don't have to call them and ask them myself to check before investing into btcquick. Thank you, hope for a reply soon.

We are consulting with a lawyer to discuss the implications of our business and the FinFEN Guidance.

thanks,
-Ascnesion

[BitHub]

okey thank you, please keep us updated as soon as you know

[somestranger]

According to the discussion thread on your current Reddit ad, it seems that btcQuick is dispensing Bitcoin in the form of sending private keys to the recipients, rather than creating a transaction and sending it to a bitcoin address. This seems very shady and involves additional third party risk trusting that you will not scam people by using the private keys later. As an investor, I would like to see this policy changed. Can you please comment on this aspect of your business?

[hl5460]

can someone from BTCQUICK answer the question about the MSB and FINSEC stuff. So i don't have to call them and ask them myself to check before investing into btcquick. Thank you, hope for a reply soon.

We are consulting with a lawyer to discuss the implications of our business and the FinFEN Guidance.

thanks,
-Ascnesion

AMC and BTCT.CO are registered in Belize. Would that be an option for btcquick?

[🏰 TradeFortress 🏰]

Not if they want to do business with US residents.

[Ascension]

According to the discussion thread on your current Reddit ad, it seems that btcQuick is dispensing Bitcoin in the form of sending private keys to the recipients, rather than creating a transaction and sending it to a bitcoin address. This seems very shady and involves additional third party risk trusting that you will not scam people by using the private keys later. As an investor, I would like to see this policy changed. Can you please comment on this aspect of your business?

I understand your concern. To date we do not have any customers who have had issues with this method of delivery. The two most common places people redeem their private keys, mt.gox and blockchain.info, both sweep the keys by default to reduce the risk involved with using private keys. We are almost ready to implement a new form of delivery. We will still be using private keys but during each order the customer will enter a password to encrypt their private key. This password will not be stored in any database. Upon delivery the person will enter their password and their private key will be de-crypted and displayed. For now we do not plan to deliver directly to bitcoin address's as this method is more prone to unwilling participation in third party transactions.

Thanks,
-Ascension

[somestranger]

I understand your concern. snip snip

That sounds fair. You might want to put this more detailed response on Reddit since it much more thoroughly answers the question than you did there.

[coinedBit]

also please add that to your FAQs on bitfunder

[Ascension]

We are working on a news release and the dividend release. I will post an update a little later today.

Thanks,
-Ascension

[bobboooiie]

We are working on a news release and the dividend release. I will post an update a little later today.

Thanks,
-Ascension

What happaned ? Dont let me stand on my tippy toes any more !

[Eric Muyser]

We are working on a news release and the dividend release. I will post an update a little later today.

Thanks,
-Ascension

What happaned ? Dont let me stand on my tippy toes any more !

This.

[Ascension]

June proved to be yet another record breaking month for btcQuick. We saw a continued increase in both orders and have added many additional members. btcQuick has received hundreds of  membership applications and added many new paid memberships as well. Both the number of daily transactions and total amount per transaction has increased through the month of June as well. To date, the first few days of July is averaging well above what we sold in June.
 
June grew by leaps and bounds as our upcoming dividend payment will reflect. We had an approximate 276% increase in our dividend payment for our investors over the month of May! May revenue was $ 77,350.25 while the June revenue was $ 126,250.58. We’ve seen an explosion in traffic thanks to our new radio commercial on www.LetsTalkBitcoin.com among other things. We’ll soon have an interview air on www.LetsTalkBitcoin.com which will help to further introduce ourselves to the market. We are continuing to place ads on Reddit and will soon be incorporating advertizing on Bitcoin Magazine as well.
 
btcQuick will be releasing additional shares at .0001 on July 5th @ 7:00pm MST. We expect these shares to go quickly as the daily average has maintained above .0001 for some time. Further share releases will be determined at a later time and will be made available at whatever the current market price is. The reason for the share release is to increase the amount of capital available to ensure that we do not run out of stock.
 
btcQuick will soon be utilizing Zipmark for yet another payment method for our customers. Zipmark allows the purchase of BTC through btcQuick by means of a personal bank or credit union accounts. With the addition of Zipmark we are able to offer very competitive rates starting as low as 3%.
 
With the new payment options coming, improved website, advertizing, personalized customer support and continued rise in reputation we expect to see many new customers and hope this will lead to much growth through the second half of the year.

[bobboooiie]

Sounds good, but the dividend payment was still not issued for june.

[forensick]

more shares /dilution/ and no dividends... it doesn´t look so good

[Ascension]

A dividend will be posted as soon as the transaction is confirmed. Should be in the next hour or two.

[Ascension]

more shares /dilution/ and no dividends... it doesn´t look so good

We are not diluting the shares. 50 Million shares were issued. btcQuick holds all unsold shares and we are selling some of ours not increasing the number of shares available.

[bobboooiie]

Wait, How much shares were sold to investors until now? And to how much shares are you paying dividend ?

[Ascension]

https://btcquick.com/

...


Shares of btcQuick
btcQuick is comprised of 50,000,000 shares in total.
One (1) "share" of btcQuick on BitFunder represents 1/50,000,000th of monthly profits after all costs of normal business activities.
btcQuick shares offer no voting rights.

Shares issued via BitFunder do not represent equity ownership in any real-world business entity.
The shares are solely a distribution mechanism for rights to profits.

As of the time of this writing, up to 32,500,000 shares will be released over time to the public on a varying time scale.
Any remaining shares not including in the IPO are owned/maintained/controlled by the current issuer. These shares will
be used at the issuers discretion for any uses deemed fit. These uses are not limited to, but may include employment.

Should the company be sold, the full amount of the purchase price will be evenly distributed among the 50,000,000 shares.

So long as btcQuick is a company of less than 4 employees, no salaries will be paid as an expense, and are only paid as dividend payments.

The first "Early-Bird" 10,000,000 shares have been posted for 0.00005 BTC each.
Second Batch: 7,500,000 shares will be posted on Friday March 29th for 0.0001 BTC each.
Third Batch: 7,500,000 shares will be posted on Sunday March 31th for 0.00015 BTC each.
Fourth and Final Batch: 7,500,000 shares will be posted at the discretion of btcQuick for 0.0002 BTC each ONLY after all previous share have sold.
...

from the OP

[forensick]

more shares /dilution/ and no dividends... it doesn´t look so good

We are not diluting the shares. 50 Million shares were issued. btcQuick holds all unsold shares and we are selling some of ours not increasing the number of shares available.

ok, sorry for lack of comprehension, good luck

[davos]

btcQuick will be releasing additional shares at .0001 on July 5th @ 7:00pm MST. We expect these shares to go quickly as the daily average has maintained above .0001 for some time. Further share releases will be determined at a later time and will be made available at whatever the current market price is. The reason for the share release is to increase the amount of capital available to ensure that we do not run out of stock.

Will this be a re-pricing of the as-yet unsold Batch Three offering? Otherwise it would strike me as a possible violation of the contract - unless you will continue to reserve the right to issue Batch Five(?) at 0.0001 before even issuing Batch 4 or selling any shares of Batch Three?