[ANN] [SPOT] | SUCCESSFUL FORK COMPLETE - On CoinPayments.net/Cryptsy/Coins-e

[Stephen Gornick]

They are paid back no later than 4 months from date of purchase, when we purchase the shares back at a minimum of 120% of the initial purchase price.

OK, just so that isn't ambiguous ... each share will be called within 120 days and the price paid will be a minimum of 0.48 BTC then (with payout converted, at the investor's option, to silver or to SPT)?

The daily price change is for the silver bars and rounds for sale by iGotSpots, the company, not the currency. Once we can get it all automated, the price will update automatically with the market.

I'm presuming iGotSpots sells any SPT received for silver orders.  So if the silver price today is 4,428 SPT but the BTC/SPT market exchange rate drops to 0.0001 won't iGotSpots, LLC be losing money on every trade  (i.e., selling an ounce of silver at 4,428 SPT but those 4,428 SPT aren't even the value of a half ounce of silver?)

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[iGotSpots]

They are paid back no later than 4 months from date of purchase, when we purchase the shares back at a minimum of 120% of the initial purchase price.

OK, just so that isn't ambiguous ... each share will be called within 120 days and the price paid will be a minimum of 0.48 BTC then (with payout converted, at the investor's option, to silver or to SPT)?

The daily price change is for the silver bars and rounds for sale by iGotSpots, the company, not the currency. Once we can get it all automated, the price will update automatically with the market.

I'm presuming iGotSpots sells any SPT received for silver orders.  So if the silver price today is 4,428 SPT but the BTC/SPT market exchange rate drops to 0.0001 won't iGotSpots, LLC be losing money on every trade  (i.e., selling an ounce of silver at 4,428 SPT but those 4,428 SPT aren't even the value of a half ounce of silver?)

You are correct in the first half of your post. That's exactly how it will work regarding your first quote

The second part is incorrect. We will not be dumping the Spots we make while selling the silver. These Spots will be used in our purchasing center later when the auction site is up. We will also at that time be launching a service where we BUY your used silver (and possibly gold, depending on the network worth) for Spots. That's where the Spots we make in sales of new bars and rounds (currently up for sale) will be allocated. The Spots used to re-pay the investors will be either from the iGotSpots personal mining funds, or I will personally cover them out of my own pocket to buy them if the Spots we make from sales are all tied up.

The investment funds are our way of letting you guys get more involved with the currency and see guaranteed returns just for being a part of helping the company iGotSpots grow

[Jude Austin]

I have created a Spots P2Pool.

Check it out!

http://204.10.105.89:9775/static/

Simply set your miner to the IP and port I listed.

Use your Spots address as the username and any password.

Happy mining!

Oh and if that bounty is still available my address is: MN93iu9t8unAMvDPhXkiLLwKQFpXJpsAAo

[keithron]

I have created a Spots P2Pool.

Check it out!

http://204.10.105.89:9775/static/

Simply set your miner to the IP and port I listed.

Use your Spots address as the username and any password.

Happy mining!

Oh and if that bounty is still available my address is: MN93iu9t8unAMvDPhXkiLLwKQFpXJpsAAo

not connecting....

[iGotSpots]

I have created a Spots P2Pool.

Check it out!

http://204.10.105.89:9775/static/

Simply set your miner to the IP and port I listed.

Use your Spots address as the username and any password.

Happy mining!

Oh and if that bounty is still available my address is: MN93iu9t8unAMvDPhXkiLLwKQFpXJpsAAo

Awesome, thanks. I'll try it out tonight while I sleep and if it's paying out properly, I'll send over your bounty in the morning. Thanks a lot, I've been trying to get a P2P pool for a while 

[Jude Austin]

I have created a Spots P2Pool.

Check it out!

http://204.10.105.89:9775/static/

Simply set your miner to the IP and port I listed.

Use your Spots address as the username and any password.

Happy mining!

Oh and if that bounty is still available my address is: MN93iu9t8unAMvDPhXkiLLwKQFpXJpsAAo

Awesome, thanks. I'll try it out tonight while I sleep and if it's paying out properly, I'll send over your bounty in the morning. Thanks a lot, I've been trying to get a P2P pool for a while 

Excellent!

Let me know if you encounter any errors or if anything isn't right and I will do my best to correct it.

Keep up the good work!

[TmottaDing]

I'm in for .4 BTC. and will keep my rigs on SPT. I like the idea.
Received Confirmation of payment.

[iGotSpots]

I'm in for .4 BTC. and will keep my rigs on SPT. I like the idea.
Received Confirmation of payment.

Thanks. I can't tell you guys how thankful I am for you guys to be in this project. This isn't an idea that is going to stay in the crypto world, either. You guys are getting in on something big and new.

[iGotSpots]

Added 1 Gram Gold Bars

http://www.igotspots.com/goldbar.html

[Stephen Gornick]

The Spots used to re-pay the investors will be either from the iGotSpots personal mining funds, or I will personally cover them out of my own pocket to buy them if the Spots we make from sales are all tied up.

Sounds more like these investors are lenders.  They are lending BTCs to you for 120 days, with your guarantee of a minimum interest (20% over the 120 day period) and perhaps that rate could be higher if company performs well (??).

The second part is incorrect. We will not be dumping the Spots we make while selling the silver. These Spots will be used in our purchasing center later when the auction site is up.

So today when you sell an ounce for 4,428 SPT, you then hold those SPT.  Ok, ... but what if by the time the auction is available SPT drops in value and a bid of 12,000 SPT is needed in order to win an auction for an ounce of silver?

[iGotSpots]

The Spots used to re-pay the investors will be either from the iGotSpots personal mining funds, or I will personally cover them out of my own pocket to buy them if the Spots we make from sales are all tied up.

Sounds more like these investors are lenders.  They are lending BTCs to you for 120 days, with your guarantee of a minimum interest (20% over the 120 day period) and perhaps that rate could be higher if company performs well (??).

The second part is incorrect. We will not be dumping the Spots we make while selling the silver. These Spots will be used in our purchasing center later when the auction site is up.

So today when you sell an ounce for 4,428 SPT, you then hold those SPT.  Ok, ... but what if by the time the auction is available SPT drops in value and a bid of 12,000 SPT is needed in order to win an auction for an ounce of silver?

Ok, they are lenders. It's fairly obvious they know that. Only invest in us if you feel that the value will only go up. That's the point of an unneeded, totally voluntary public share system. We don't need people to hop on board, but if they do and help us speed things up, we will gladly share our profits with them

[iGotSpots]

And to be totally fair, this is the email you get when you ask for more info on the site:

Thank you for your interest in purchasing public shares of iGotSpots, LLC based in Wisconsin.

In a nutshell...whatever investment you make into iGotSpots will return your initial purchase price + 20% of that price no later than 4 months from date of purchase.  These funds will be used to get the market site automated, as well as the auction site programmed and hosted. We will also use the share purchases to assist us in legal costs, should we raise any issues with our project. The 20% is an estimated (and minimum) return. If the currency or business exceeds our expectations, those returns will be above 20% return. These shares will be purchased back from you by us at the time of our request for at least the agreed upon amount. For now, we are sticking with that number so if people get more than that they are happy, but if they get exactly what is promised, they are satisfied.

If you have any more questions, please feel free to contact me. If you are ready to get going, your personal BTC Deposit address is:

Each share is .4 BTC each for any order of 9 units or less. For orders of 10 or more shares, the price is .39 BTC Each. You will receive a confirmation with your transaction details as soon as the payment is received, as well as confirmation for the number of shares purchased. Please ask any and all questions before sending payment. I have no problem answering them afterwards, but I want to make sure you are positive before you make your decision. Thanks again for your interest and faith in both my new company and the Spots currency.

[iGotSpots]

According to http://coinmarketcap.com - We are #28 now with network value at nearly $15,000. That's more than $10,000 in one day.

We have added 1 Gram Gold Bars to our website since the value raised so much so fast iGotSpots.com/goldbar.html

[MobGod]

Where do you send to for the shares?

[iGotSpots]

Where do you send to for the shares?

All information is available at iGotSpots.com - There is a quick form at the bottom to fill out if you are interested

[datguyian]

Good work, man, and good luck. It sounds like you have a good business plan in progress.

I like the idea of buying shares, but IMO, it would be more worth it to buy .40 BTC worth of spots than buying shares. I can definitely see spots price going up quite a bit, and likely way more than 20% in the next 4 months. I like that you're giving the public a chance to get more involved, and it is nice to be guaranteed a 20% return even if spots dies out, but I guess I like risky investments better. 

[SardonicJester]

The amount of support this coin receives from it's dev is amazing.

There are so many "decent" Alts on this forum that die out because the devs don't provide any support/don't update the code/disappear.
It is a nice to see someone actually taking their creation seriously.

Good Job.

(BTW sent you an email about shares)

[MobGod]

can someone tell me why the difficulty is so high on this pool 13 hmmmmm
http://spt.coinmine.pl

[Carra23]

can someone tell me why the difficulty is so high on this pool 13 hmmmmm
http://spt.coinmine.pl

It retargets very quickly. The price surge brought in miners and quickly hiked the difficulty. It will go down soon enough.

[iGotSpots]

Added to OP:

Spots P2Pool

http://204.10.105.89:9775

Set your miner to the IP and port listed

Use Spots address as the username and any password