btcQuick proved to be an incredibly strong

[jungle_dave]

depends on return

[1715254921]

1715254921

[1715254921]

1715254921

[1715254921]

1715254921

[vlaoou321]

update
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336

[hl5460]

update
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336

With the increase in exchange rate, USD might not reflect the actual growth of turnover. How about in BTC?

[vlaoou321]

update
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336

With the increase in exchange rate, USD might not reflect the actual growth of turnover. How about in BTC?

But surely, increased revenues from new users, which is what we are seeing, negates/off sets a possible rise in BTC. Together with the option to sell, means even more revenue. I get the conversion conundrum.....RentalStarter is another good example, but what am i over looking here, if the goal is to keep increasing revenues/dividends?....which is being achieved in style, btw.

Unfortunately not the case here.  Revenue is limited by capital - increasing revenue means capital has to increase (either by retaining profits to expand or by issuing new shares).

If revenue wasn't constrained by capital then a case could be made that the security wasn't USD-denominated (as although capital would still drop that wouldn't impact revenue).  But that's not the case here - as revenue is very directly limited by capital (because of the delay in receiving payments in a usable form).  And so a rise in BTC/USD rate doesn't just reduce capital (measured in BTC) but also reduces the amount of revenue that can be supported (again measured in BTC) and so the profits (in BTC).  All of those things that reduce when measured in BTC stay the same when measured in USD - which is as clear a demonstration as you can get that the security is, in practice, USD-denominated.

If BTC rises significantly vs USD what you'll see happen is one of two things - either:

Profits will fall.
or
More shares will have to sold to get capital (in BTC) back to where it was - allowing profits to be the same but diluting them when measured in BTC/share terms.

If accounts were being produced then this would be pretty obvious (and I could explain it with actual numbers) - but they aren't, so it isn't.

This is a false premise "And so a rise in BTC/USD rate doesn't just reduce capital (measured in BTC) but also reduces the amount of revenue that can be supported (again measured in BTC) and so the profits (in BTC)." You are assuming that as a business we sell X BTC a day, when in fact if BTC value goes up we still sell around our daily USD average and the # of total BTC sold actually goes down. Also the increase in BTC price does not reduce revenue or capital because a customer is limited to the amount of USD they have on hand and in turn will buy the same amount in USD whether the price is up or down. The reason for us holding USD is to reduce the risk of btcQuick to price volatility.

Theory of running a business and actually running one are two different things.

[vlaoou321]

Bitcoins orders are automated - We are still awaiting an update from Zipmark (should have one on the 26th). We are looking to have different limit structure for bank account transactions, but credit cards will remain the same for a while. We working on integration with miiCard so people can jump to the silver level right away.

It's 27th now. What is feedback from zipmark?

We are still waiting on a response from Zipmark. The miiCard integration is complete and members can now automatically upgrade to silver if their miiCard account is verified.

[Progressive]

Any dividend predictions?

[pheaonix]

How do they justify the high fee?
Is a result of a Google Checkout fee?

Are they registered/regulated as an MSB?

because bitinstant is dead