[PRE-ANN] Vees Group Cover(BETA)

[niothor]

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It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

My scam indicator is going 99% on your project.
I don't see how you can cover insurance against a scam this way.

what's your suggestion? How can it work  

You can't cover obvious scams.
It's like an insurance company paying damages every time a car stops at a red light.

How do you plan to cover those when you'll have no income?
Cause one thing is for certain , there would be no real IPO too soon on the board.
And further more , nobody will likely invest in such thing too soon.


You're either:
A scammer who has smelled some easy money
A naive person who thinks can do something good but will end up bringing ruin both to his customers and himself.

So , the result will be the same.

[MsCollec]

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It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

My scam indicator is going 99% on your project.
I don't see how you can cover insurance against a scam this way.

what's your suggestion? How can it work  

You can't cover obvious scams.
It's like an insurance company paying damages every time a car stops at a red light.

How do you plan to cover those when you'll have no income?
Cause one thing is for certain , there would be no real IPO too soon on the board.
And further more , nobody will likely invest in such thing too soon.


You're either:
A scammer who has smelled some easy money
A naive person who thinks can do something good but will end up bringing ruin both to his customers and himself.

So , the result will be the same.

One of the few options of generating income for the Vees Group in order to pay claims is to invest the deposit, there are a lot of crypto-currencies that you can get X2 of your investment in 6 months.  In insurance not everyone will file a claim and again I'm  creating a rating scale which will determine the premium based on the risk involve.

[niothor]

One of the few options of generating income for the Vees Group in order to pay claims is to invest the deposit, there are a lot of crypto-currencies that you can get X2 of your investment in 6 months.  In insurance not everyone will file a claim and again I'm  creating a rating scale which will determine the premium based on the risk involve.

So , you're going to gamble with your deposits?
You need to re-think that.

[MsCollec]

I will present my case study in few weeks/ months depending on how the alt coins market performs.
Thanks for your response and advise. Constructive criticism is always welcome.

[Altoidnerd]

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It seems that there are no idiots left on this forum.

I'm not looking for idiots, you should see the positive in what i am trying to achieve, right now is more like a beta, until i know the outcomes of the ongoing IPOs and i'm sure more IPOs are on the way it's just the beginning of 2nd generation coins.

My scam indicator is going 99% on your project.
I don't see how you can cover insurance against a scam this way.

what's your suggestion? How can it work  

You'd be interested in smart contracts in general, and the application of such in bitcoin.  Multisignature transactions are a buzzword, along with 2-of-3 transactions and also M of N transactions methinks.  

[other_side]

What's your suggestion? How can it work.  

By creating distributed IPO system.
You get number of people who are willing to hold money.
The entrepreneur comes up with the plan to launch some project. He communicates to the coordinator of the group and they agree on the execution plan. Then the group votes to approve the plan and gives holding accounts details.
When the entrepreneur moves to work on his project, he gets money released in multi stage way.
For example, coin creation.
1) Site, forum, tech details done. (10% released)
2) Client works on testnet.(10% released)
3) Beta launch. (20% released)
4) The concept works for 1 month. (20% released)
5) The target goals reached (number of accounts, volume and other). (20% released)
6) The project works for 6 months. (20% released)
If the project doesn't meet the goals, investors get money back.
The risk parameters of the approach is about 20%.

[MsCollec]

@other_side i like the idea.  Thanks

[other_side]

@other_side i like the idea. Thanks.

If you are able to find IPO minded entrepreneurs, then it is possible to build the system described.

[Atruk]

I don't think Social media profiles will solve trust issues since a lot of business are buying Likes for their company page but i might use Peercover to collect deposit from members. Regarding your 2 point, I might hold the project off to see the outcomes of the current IPOs and figure a way to make it work. The problem is that it's easy to sell lies than selling truth to people.Thanks for the advice.

What the ever loving cock shit do social media profiles have to do with anything at all other than dude finding other dude he barely knows at school for a bunch of dude love.

Also selling lies might look easy. It might seem like the easiest fucking shit in the world. It is actually as expensive as hell though. The amount of time that needs to be sunk into selling a lie is nothing short of incredible. People are stupid though. The solution though is not to embrace scammers and retards. The solution is to paint your own piasa while humanities lowest common denominators engage in an exercise of factoring that leaves both broke.