[IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings

[jeffshed]

gee it really goes from hype to troll on this thread. i personally think neither is heatlhy. i'd prefer level headed discussion but thats never going to happen.

what happened with the bitfunder thing? got my coins out ages ago and didn't follow that ordeal.

from my limited knowledge it sounds like neo & bee had only good intentions and ukyo was responsible for ripping everyone off?

P.S. you shouldn't mention suicide from behind a computer keyboard. pankkake. it's just irresponsible and takes away from any sense of common decency in the bitcoin community  

[mainline]

...
what happened with the bitfunder thing? got my coins out ages ago and didn't follow that ordeal.

from my limited knowledge it sounds like neo & bee had only good intentions and ukyo was responsible for ripping everyone off?
...

Whelp, Danny tells us he knows, but he ain't talking because... reasons.  Maybe if you ask him?

[lewicki]

The neobee subreddit is picking up steam:
http://www.reddit.com/r/neobee/

There is some news there that you guys may not have seen yet too.

[DeadwoodDan]

yeah, honestly guys, anti-pankkake agitprop seems pretty counterproductive on a [Suspicious link removed]ecurity thread

[DeadwoodDan]

yeah, honestly guys, anti-pankkake agitprop seems pretty counterproductive on a [Suspicious link removed]ecurity thread

for the record, there was no link there, it said "[Suspicious link removed]ecurity thread"

[DeadwoodDan]

some idiot is obviously messing around with regex filters but doesn't understand how they work, and doesn't have a test server to check things out

[nanobrain]

Let's assume the BTC price rises 100-fold over the next 5 years. That means that it is very probable that each share loses value in BTC-terms, right?
Don't get me wrong, I'm enthusiastic about NeoBee, but it seems to me that we can't expect the shares to rise significantly if the BTC price rises. And that in turn is very likely if NeoBee does well. Do I miss something here? Or is the "investing to profit" part mainly in your own BTC holdings by supporting BTC start-ups?

Its worth noting that when the IPO first launched I bought shares with BTC that 'cost' approx $120USD.
Today, a BTC is 'worth' roughly USD700.
So, by your thinking the share price should now be approx 1/7th of the IPO price....yes?

But the shares have actually held their price....indeed, if you value fiat, they have risen x7 

Of course, the trolls will say...."but you could have done x/y/z instead and realised quicker/better rewards"...but I'm a BTC supporter and believe BTC needs better infrastructure to grow.  For better or for worse, a bank is going to be a necessary part of the BTC eco-system and I'd rather a newcomer with ideas and energy does it, than some traditional institution.

[grimholt]

The neobee subreddit is picking up steam:
http://www.reddit.com/r/neobee/

There is some news there that you guys may not have seen yet too.

Nice! The free workshop is very interesting, and could potentially attract a lot of new business. Google Translate (scroll down) of the workshop text:

Workshop Neo

The company Neo, the world's first complete transactions with Bitcoin, presents the conference "The new way trade reached» Monday, February 24 at the Hilton Park Hotel in Nicosia and Tuesday, Feb. 25 at the Four Seasons Hotel in Limassol. Duration: 15.30-18:00.

During the workshop entrepreneurs, professionals and executives will have the opportunity to learn about the new service and the Neo Network Payment / Transaction Bee. Specifically, the audience will know the only alternative control and management of funds, that is revolutionizing the card payments through the use of innovative technology Bitcoin.

He participation:

• Find out what Bitcoin is and why we should be interested
• Find the Neo services and what you stand to gain from these
• Meet the network and payment transactions Bee. What is and what benefits you
• From favor a zero-cost, security and immediacy of transactions
• Get the right knowledge you have freedom to trade without restrictions and controls regulators
• Open your doors to customers all the world, expanding your customer base by accepting Bitcoin as payment method.

Target

The workshop is aimed at business owners and general managers from all sectors of the economy. Specifically Companies retail, supermarkets, suppliers, department stores, newsstands, shops-standing service chains, logistics companies and international trade.

Admission free (necessary entry form)
Organizer: Neo & Bee Ltd. Moderator: IMH.

For more information, entry form at one of the two cities and registrations contact IMH. Phone: 22505555, e-mail: events@imhbusiness.com, Online registration: www.imhbusiness.com / neoevent

[utens]

This dip of Btc just weeks before the opening looks just perfect for Neo and Bee , right?

Much better to start from a valley than from a top

[Fabrizio89]

This dip of Btc just weeks before the opening looks just perfect for Neo and Bee , right?

Much better to start from a valley than from a top

I agree with the second part of your post, but the stability issue with Bitcoin is something most people struggle with and is the main reason many don't trust it yet. I dunno if the cypriot population will be attracted by it in the short term, after this complete nonsense (on btc-e it went down to 100$). Bad press period will follow, as happened in the past.

[NEO-PR]

Official response regarding the CBC announcement surrounding Bitcoin:

Date: 10th February 2014

"As the CEO of a leading company that is building the infrastructure surrounding the Bitcoin technology (Neo), I believe the announcement made by The Central Bank of Cyprus surrounding the dangers of using Bitcoin was reasonable. Innovation is always upsetting, not innovating and being left behind as the world evolves has historically proven to be far more dangerous though; if not for vested interests, then for the future generations.

As a responsible company we naturally agree that anything to do with personal or corporate finances should be treated with extreme caution, including financial products offered by traditional financial institutions. That is why our business offers free education to everyone on what we offer and the Bitcoin technology, to enable individuals to make an informed decision for themselves. We do not and will never set any sales targets within our business, because we believe this practice should be avoided when handling the individual and corporate financial needs of our customers.

The fact that the Wall Street Journal, which is one of, if not the most respected financial publications in the world, responded to the Central Bank warning in a comical fashion speaks volumes of the warning's content:

“So, is the institution – accused of failing to control the economy on the tiny Mediterranean island and allowing rampant tax avoidance and money laundering - saying Bitcoin is illegal? Not quite. Instead it warns that there are big risks associated with using the currency.”

The response made by The Wall Street Journal echo’s the issues that we have faced when engaging with international banking partners; they have never expressed an issue with Bitcoin, however they have all considered Cyprus as a high risk country.

Regardless of the reluctance of both the Central Bank and CySEC to regulate the businesses surrounding this new technology, Neo are still committed to establishing a clear regulatory framework for Bitcoin based businesses to operate within. We are proposing a full regulatory framework to both of these regulators and directly to the government. Some work will be required from these regulators to act upon this proposal and no single entity understands this technology better than ourselves, that is why we are offering our resources to help the regulators fulfill their mandate and regulate businesses to protect the consumer.

Neo are already subjecting ourselves to internal policies for Anti-Money Laundering and Know Your Customer that are more strict than any European legislation which surrounds these matters. We have taken these steps to ensure that we build a transparent institution. Due to the nature of the technology we utilize throughout our business, this higher level of transparency is more achievable than anything that has come before us.

If people want to use Bitcoin they will find their own way to obtain them in an unregulated manner, even if Neo didn’t exist. Isn’t it better for them to acquire them via a regulated market, that offers some level of protection?



Kind regards,

Danny Brewster
CEO - LMB Subsidiaries Limited"

[EduardoDeCastro]

Official response regarding the CBC announcement surrounding Bitcoin:

Date: 10th February 2014

"As the CEO of a leading company that is building the infrastructure surrounding the Bitcoin technology (Neo), I believe the announcement made by The Central Bank of Cyprus surrounding the dangers of using Bitcoin was reasonable. Innovation is always upsetting, not innovating and being left behind as the world evolves has historically proven to be far more dangerous though; if not for vested interests, then for the future generations.
[snip]

Number of Bitcoin banks that collapsed, leaving depositors bawwing:  Each and every one.  All of them.
Number of fiat banks that collapsed, leaving depositors bawwing: Surprisingly, some have not.

Number of Bitcoin banks needed to make Bitcoin possible:  None.  The whole point of Bitcoin.
Number of fiat banks needed to make fiat possible:  At least one.

But yeah, it's hilarious to hear one Cypriot banker calling another Cypriot banker "unsafe" -- as meaningful as "being eaten by 10 sharks is more dangerous than being eaten by 9."

[Skoutz]

Very good and entertaining answer Danny. Especially the WSJ part is a kick in their ass

[HeRetiK]

Number of Bitcoin banks that collapsed, leaving depositors bawwing:  Each and every one.  All of them.

How many Bitcoin banks have there been? Or are you reffering to Coinlenders / Inputs.io?

[EduardoDeCastro]

Number of Bitcoin banks that collapsed, leaving depositors bawwing:  Each and every one.  All of them.

How many Bitcoin banks have there been? Or are you reffering to Coinlenders / Inputs.io?

Yep.  Along with the granddaddy, Pirateat40's Bitcoin Savings and Trust.

[isimme]

Number of Bitcoin banks that collapsed, leaving depositors bawwing:  Each and every one.  All of them.

How many Bitcoin banks have there been? Or are you reffering to Coinlenders / Inputs.io?

Yep.  Along with the granddaddy, Pirateat40's Bitcoin Savings and Trust.

Please stop with the FUD,
as it makes you look either willfully ignorant or
trying to manipulate the market.

Unlike Pirate and TradeFortress
we know who NEO & BEE are from the beginning.
As well we have a prospectus clearly outlining how the business will work unlike the former two.
And regardless the law has caught up to Trendon Shavers and
is in process of investigating TradeFortress.

This BTC frontier is not as lawless and consequence free as it is made out to be.
If you think NEO & BEE are a bad investment support that with facts
but don't imply they are a scam when there is absolutely no proof of such..

[stenkross]

Please stop with the FUD
...

It's their day job to troll, never mind them.

[EduardoDeCastro]

Number of Bitcoin banks that collapsed, leaving depositors bawwing:  Each and every one.  All of them.

How many Bitcoin banks have there been? Or are you reffering to Coinlenders / Inputs.io?

Yep.  Along with the granddaddy, Pirateat40's Bitcoin Savings and Trust.

Please stop with the FUD,
as it makes you look either willfully ignorant or
trying to manipulate the market.

Unlike Pirate and TradeFortress
we know who NEO & BEE are from the beginning.
As well we have a prospectus clearly outlining how the business will work unlike the former two.
And regardless the law has caught up to Trendon Shavers and
is in process of investigating TradeFortress.

This BTC frontier is not as lawless and consequence free as it is made out to be.
If you think NEO & BEE are a bad investment support that with facts
but don't imply they are a scam when there is absolutely no proof of such..

Before raging, point to a specific statement in my post that you disagree with.
I'll wait

[isimme]

Before raging, point to a specific statement in my post that you disagree with.
I'll wait

  Surely you jest Sir, "raging" lol?

You compare two scams to NEO & BEE,
implying NEO & BEE are a scam.
Evidence...?
I'll wait

[EduardoDeCastro]

Before raging, point to a specific statement in my post that you disagree with.
I'll wait

  Surely you jest Sir, "raging" lol?

You compare two scams to NEO & BEE,
implying NEO & BEE are a scam.
Evidence...?
I'll wait

So you agree that Ukyo fiasco is a scam?
Odd, because Danny claims it is not...