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Author Topic: [CROWDFUNDING NEEDED] Project Bitcoin Island in Indonesia (Bali Island)  (Read 1682 times)
funchiestz
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April 11, 2014, 06:19:23 PM
 #1

Dear Bitcoiners

Please let me introduce myself. I am Oscar Darmawan - CEO of Bitcoin.co.id -  Bitcoin Exchanger in Indonesia (www.bitcoin.co.id). Our bitcoin trading spot is quite liquid. We have about 5000 plus member and in average increase by 100 people daily. Our full service Bitcoin trading spot is launching since mid of February 2014. We are registered company under PT Bitcoin Indonesia under Indonesia's jurisdiction. Our office located in Jakarta - Capital of Indonesia.

Our Business Plan
We are currently already gaining some profit by running this Bitcoin Exchanger but we are looking to expand our Business in offline world and convert Bali into Bitcoin Island:
  • Setting Up Offline Exchanger and Office in Bali
  • Converting each and every merchant/shop in Bali to accept Bitcoin
  • Converting Majority of Money Changer in Bali to accept Bitcoin ( There are hundreds of Money Changer in bali)
  • To make use Bitcoin as transaction instrument not only as speculative instrument

By doing this , all tourists from all over the world can come to Bali by only bringing Bitcoin instead of fiat money. This solution may reduce risk of being targeted by pocket thief. Tourists also can come for holiday comfortably. This business plan required quite big funding but we believe this plan will also make good milestone for Bitcoin in general. This business plan will also boost our volume trading 3 - 10 times than now.

CROWD Funding
To achieve that target, we are currently doing fund raising. Therefore we are listing our company in CryptoStocks for hoping raising some funding:
https://cryptostocks.com/securities/120

We are hoping investor can help us actualize our plan. We will give our dividends in return in monthly basis. We also open for angel investors. Please contact us admin[at]bitcoin.co.id . Thank you in advance

About My Country

Indonesia is Southeast Asia's largest economy with 240 million people which cites its fast-growing economy (up 6.2% in 2012 and 5.78 in 2013) and favorable demographics. Over 60 per cent of the population is between 20-65, which gives the country a large bank of earners and not too many old people for workers to support.
Indonesia is one of the most promising tech markets in Asia. The survey reveals that Indonesia now has 74.6 million internet users, a 22 percent increase from last year’s 61.1 million. That number will pass 100 million in 2015. The survey that has been done by Markplus Insight also counts “netizen penetration”, wherein a netizen is defined as someone who spends at least three hours online per day. Indonesia now has 31.7 million of them this year, an increase from 24.2 million people last year.

Why Bali
Bali is ranked as one of the best tropical holiday spots in the world and visit by millions of foreign and local tourists yearly

Please help us to raise some funding to make this plan possible : https://cryptostocks.com/securities/120

Note: Our company registration document and my personal passport is already verified by Cryptostocks.com

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April 12, 2014, 06:20:16 AM
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What do you guys think about our plan ? Thank you Smiley

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April 12, 2014, 08:04:29 AM
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Ambitious goals. I look forward to seeing if you have success.  How are you planning on getting merchants and exchanges on board with funds raised?
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April 12, 2014, 10:57:03 AM
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Ambitious goals. I look forward to seeing if you have success.  How are you planning on getting merchants and exchanges on board with funds raised?

hi phzi

First of all, we will setting up office in Bali. Renting office place in bali cost us about $50k per 3 years (need to pay upfront). We will recruiting marketing team and do continuous education to merchant and exchanges. We will also build communication with travel agent in Australia and Indonesia.

We will launching our own mobile apps for payment gateway and also incorporate with CoinPip (singapore base company) to provide solution to merchant. As long as Australian tourist (majority foreign tourist come from Australia, Japan and Russia) start bring in Bitcoin to Bali , we dont see any problem for merchant to accept bitcoin since merchant will get Rupiah (our local currency) from our exchanger automatically. Thats why we need to build office in Bali to bring more confidence to Bali merchant.

Mobile apps and CoinPip will automatically connected to our exchanger.

We will do almost the same like Bitpay and Coinbase. Merchant will receive same amount in Rupiah. But merchant will able to withdraw in Bitcoin if they want as well.

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May 30, 2014, 10:43:49 PM
 #5

What do you guys think about our plan ? Thank you Smiley

It sucks!

https://www.linkedin.com/pub/oscar-darmawan/62/319/340

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Helping organizations to improve their performance, primarily through the thorough analysis of existing business problems and development of plans for improvement also previously in charge of Server Management and Performance.

DV9.com didn't even have a website up and running during your tenure there.

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May 30, 2014, 11:30:53 PM
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lol
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May 31, 2014, 01:18:19 AM
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As much as I like to see bitcoin being used exclusively on a island, I would prefer to use hard cash in a foreign country. There is little room for dispute and much easier to get a refund.
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June 01, 2014, 12:57:20 PM
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As much as I like to see bitcoin being used exclusively on a island, I would prefer to use hard cash in a foreign country. There is little room for dispute and much easier to get a refund.

Of course, as mentioned in the video, the immigration officer might extort you for cash. If you don't bring any hard cash and you tell them about bitcoin, I wonder what their expression looks like.

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