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Author Topic: Project Bitcoin Island - Bali - Indonesia  (Read 55108 times)
funchiestz
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April 12, 2014, 06:28:22 AM
 #1

=========================================================

Bitcoin Donation Address

http://blockchain.info/address/1sLAndWaCHYGD8F5LdQ9baXCXoNmsXtsg

=========================================================

Hi Guys

We are from Bitcoin.co.id - Indonesia Bitcoin Exchanger  targeting to convert a majority of merchants on Bali (Indonesia) to accept Bitcoin. Soon you can come to Bali by only bringing Bitcoin.

It will make tourist and local people easier doing transaction. Supported by money changer in Bali and existing shops.

Watch our Video BitIslands : http://www.youtube.com/watch?v=4m_Tq_b1HUY
BitIslands is a social experiment that aim to make Bitcoin as Common Currency Worldwide

We believe this project will have significant impact on the Bitcoin Revolution. There are three ways to supporting our BitIslands Project if you want to play a part in our project

Financial Support
This project is supported by Bitcoin.co.id – Indonesia Bitcoin Exchange as main sponsor. You can help us accelerating this project through donating your Bitcoin in three ways:

1. Bitcoin Donation
    Please donate your Bitcoin through this address:  1sLAndWaCHYGD8F5LdQ9baXCXoNmsXtsg

2. Buy our stocks at CryptoStocks.com
    Please support us by buying our stocks at https://cryptostocks.com/securities/120  
    You will enjoy dividend while donating!

3. Sponsorship
    If you are interested to become our official sponsor for this social experiment project please contact us http://bitislands.com/contact-us

Volunteering
Helping merchants accept Bitcoin in Bali required a lot of manpower and voluntary effort. You can help us by joining Bali Bitcoiners. Please contact us if you want to support by joining this group and contributing your manpower.

Spreading the News
Help us by spreading this project in all over the world and especially to all Bitcoiners. Please ask them to visit Bali and bring Bitcoin while they are traveling to enjoy the first experience of Bitcoin Tours in Bali.


Note:
Actually our shares that we offer in Cryptostocks is more for appreciation's token for donation in project Bitcoin Island.  We know currently our business is still small therefore our dividend still very small. But we want to give something in return to our donator and investor that why we are offering dividend in return to say thank you for trusting us


Article about this project in CoinDesk.com
http://www.coindesk.com/bitislands-bali-bitcoin-paradise/




More video and photo check our website www.BitIslands.com




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April 12, 2014, 06:53:37 AM
 #2

Welcome.
You will probably need a clear plan, and a partner/writer who writes fluent English.

FYI: We are planning a fun, harmless "10% Attack" on the ETH/ICO Bubble Game.
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April 12, 2014, 07:17:59 AM
 #3

Welcome.
You will probably need a clear plan, and a partner/writer who writes fluent English.

Hi Bit_Happy

Yeah, I am sorry for my English.  We are from non-spoken English country.

Our plan actually quite simple. We will do the following step:

1. Bitcoin.co.id is currently raising fund , example using https://cryptostocks.com/securities/120

2. We will established our office in Bali - we will open offline bitcoin exchanger.

3. We will launch mobile apps for payment gateway so merchant can start accepting bitcoin in offline

4. We will cooperate with money changer to start accepting Bitcoin ( we have the apps as well)

5. We will cooperate with Australia, Singapore, Malaysia  Travel Agent and Bitcoin Exchanger for education

6. Tourist can start coming to bali by only bringing bitcoin instead of their local currency


What do you guys think ?


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April 12, 2014, 07:25:53 AM
 #4

It will be interesting to see the response from the local (Balinese) government and the Indonesian government to this measure. The legal aspects are still not clear. And I want to know whether the local banks will co-operate with this move or not.

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April 12, 2014, 07:27:10 AM
 #5

Apa khabar neighbour! I think its a GREAT IDEA! But I'm not too sure about the entire island, you will need your government to support for sure, but you can start small first, and if it's gonna take off, it's gonna take off, if not, well, at least you tried! How's the bitcoin scene in Indonesia? We have our first Bitcoin ATMs in Malaysia a month ago, one in Bangsar, KL and one in Penang, with more to come.  I think bitcoin will be big this part of the world too. But we really need all the other SEA countries to be on board as well. Hopefully when adoption has grown big enough with its infrastructures in place bitcoin will be accepted as legal tender.
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April 12, 2014, 07:28:17 AM
 #6

Yes, you have a good start.  Smiley

FYI: We are planning a fun, harmless "10% Attack" on the ETH/ICO Bubble Game.
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April 12, 2014, 07:33:15 AM
 #7

It will be interesting to see the response from the local (Balinese) government and the Indonesian government to this measure. The legal aspects are still not clear. And I want to know whether the local banks will co-operate with this move or not.

Hi bryant.coleman

We are quite close with the regulator actually. As long as we do transaction in cash, it will not cause any issue. We will bring Bitcoin ATM by next month and regulator said okay with it as long as cash to bitcoin only.

Bali has difference rule set comparing with other region in Indonesia - What tourist use is what merchant will accept.

Our goverment also not opposing Bitcoin - they are quite neutral

http://bitlegal.net





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April 12, 2014, 07:36:33 AM
 #8

We are quite close with the regulator actually. As long as we do transaction in cash, it will not cause any issue. We will bring Bitcoin ATM by next month and regulator said okay with it as long as cash to bitcoin only.

Bali has difference rule set comparing with other region in Indonesia - What tourist use is what merchant will accept.

Our government also not opposing Bitcoin - they are quite neutral

Glad to hear that. It is good that they don't raise any legal objections to the cash to BTC transactions. Do you have any information on the taxes which are applicable?

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April 12, 2014, 07:40:24 AM
 #9

Apa khabar neighbour! I think its a GREAT IDEA! But I'm not too sure about the entire island, you will need your government to support for sure, but you can start small first, and if it's gonna take off, it's gonna take off, if not, well, at least you tried! How's the bitcoin scene in Indonesia? We have our first Bitcoin ATMs in Malaysia a month ago, one in Bangsar, KL and one in Penang, with more to come.  I think bitcoin will be big this part of the world too. But we really need all the other SEA countries to be on board as well. Hopefully when adoption has grown big enough with its infrastructures in place bitcoin will be accepted as legal tender.

Hi Neighbour !

Thats why I am thinking maybe we will start it from Gili Island first (bali islands) and convert it totally before do it in other island. It's remote island where almost no local bank ATM and people find it very difficult to withdraw money there.

Actually I am coming to Malaysia last month for small Bitcoin Conference in Kuala Lumpur. I meet with Numoni CEO (the one who setup ATM in Malaysia) and some local Bitcoiners in KL.

Do you in KL ?


@bryant.coleman

The tax regulator said they will not come out with regulation yet since it consider small transaction ( our daily transaction only about $10k-$20k )


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April 12, 2014, 07:57:10 AM
 #10

pahe bahasa indo aja deh, malas nulis bahasa inggris wkakak
baru kemarin baca disini -> http://indonesia.bitcoin.co.id/ingin-ikut-memiliki-perusahaan-bitcoin-co-id/
udah ada aja threadnya disana
mantap idenya, saya mendukung penuh usahanya  Grin
ide bagus untuk menjadikan bali sebagai pusat transaksi bitcoin, karena disana banyak turis dari luar negeri yang kemungkinan sudah mengenal bitcoin
kalau banyak merchant yang menerima transaksi bitcoin kan jadi bagus

cuma apa gak terbentur sama kebijakan BI yang melarang transaksi jual-beli menggunakan bitcoin di indonesia?
EDIT : ternyata dituker ke IDR dulu ya pake ATM BTC, dikira langsung trx pake bitoin

beli sahamnya dulu deh mumpung masih murah





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April 12, 2014, 08:00:20 AM
 #11

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear after getting rich off your coins.

Haven't u guys learnt enough? Cheesy
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April 12, 2014, 08:03:21 AM
 #12

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear and after getting rich off your coins.

Haven't u guys learnt enough? Cheesy
he owns an exchanger in indonesia
many members trading BTC/IDR (local currency) there
maybe he is newbie here, but he can give you proof that he owns that exchanger Grin



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cosmofly
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April 12, 2014, 08:10:51 AM
 #13

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear and after getting rich off your coins.

Haven't u guys learnt enough? Cheesy
he owns an exchanger in indonesia
many members trading BTC/IDR (local currency) there
maybe he is newbie here, but he can give you proof that he owns that exchanger Grin


If he owns an exchange why does he need public funding?  Doesn't want to risk his own money is my guess.

If he gives proof and comes out in press release I might consider funding. Otherwise this is just another scam


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April 12, 2014, 08:29:55 AM
 #14

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear and after getting rich off your coins.

Haven't u guys learnt enough? Cheesy
he owns an exchanger in indonesia
many members trading BTC/IDR (local currency) there
maybe he is newbie here, but he can give you proof that he owns that exchanger Grin


If he owns an exchange why does he need public funding?  Doesn't want to risk his own money is my guess.

If he gives proof and comes out in press release I might consider funding. Otherwise this is just another scam
from what i read. they need capital to expand their business
so they sell their stocks to market
maybe better we wait OP to reply this question Grin



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April 12, 2014, 09:39:46 AM
 #15

If he owns an exchange why does he need public funding?  Doesn't want to risk his own money is my guess.
If he gives proof and comes out in press release I might consider funding. Otherwise this is just another scam

Have you checked his listing in Cryptostocks? Quite a lot of the details are given there.

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April 12, 2014, 09:52:22 AM
 #16

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear and after getting rich off your coins.

Haven't u guys learnt enough? Cheesy
he owns an exchanger in indonesia
many members trading BTC/IDR (local currency) there
maybe he is newbie here, but he can give you proof that he owns that exchanger Grin


If he owns an exchange why does he need public funding?  Doesn't want to risk his own money is my guess.

If he gives proof and comes out in press release I might consider funding. Otherwise this is just another scam




Go eats a bag of dicks , cosmofly. I know you're hurt that you lost btc in MtGox but please end yourself , dont live such a hateful life.
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April 12, 2014, 10:25:26 AM
 #17


Hi Bit_Happy

Yeah, I am sorry for my English.  We are from non-spoken English country.

Our plan actually quite simple. We will do the following step:

1. Bitcoin.co.id is currently raising fund , example using https://cryptostocks.com/securities/120

2. We will established our office in Bali - we will open offline bitcoin exchanger.

3. We will launch mobile apps for payment gateway so merchant can start accepting bitcoin in offline

4. We will cooperate with money changer to start accepting Bitcoin ( we have the apps as well)

5. We will cooperate with Australia, Singapore, Malaysia  Travel Agent and Bitcoin Exchanger for education

6. Tourist can start coming to bali by only bringing bitcoin instead of their local currency


What do you guys think ?

before even trying to fundraise a sinle coin. atleast show proof of motives.
it does not cost anything to get shops to set up bitpay accounts. only conversations.
having a person on the island trading bitcoins for national currency does not cost any large amount of set up costs. its just advertising it on bali forums that the service is available and asking shops to spread the word.

make videos of shops accepting it and a guy exchanging it (the free stuff anyone can set up without costs) then you may get funding coming in faster.
before even renting an office, there are many things you can do for free.. so please do those things and document them. this will show that your goals do exist in reality and that you have the experience and enthusiasm to see it happen.

rather then just appearing as a pseudonym on a forum asking for money. i like to see projects succeed but nobody likes to be putting money into a project that cant even show current PHYSICAL progress.

also to note. if you need "funding" just to do the free stuff, then to many people, it appears that your previous life experience has not awarded you with enough wealth/knowledge to do simple tasks. this makes people think that the project will fail before it has started, because you are not good with money or have experience in conversations to tempt shops to signup.

i hope you prove people wrong and show current progress and actual physical results.. before asking for funds

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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April 12, 2014, 10:36:48 AM
 #18

This is an interesting development IMO. I wonder how the Government will treat U...

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April 12, 2014, 11:01:58 AM
 #19

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear and after getting rich off your coins.

Haven't u guys learnt enough? Cheesy
he owns an exchanger in indonesia
many members trading BTC/IDR (local currency) there
maybe he is newbie here, but he can give you proof that he owns that exchanger Grin


If he owns an exchange why does he need public funding?  Doesn't want to risk his own money is my guess.

If he gives proof and comes out in press release I might consider funding. Otherwise this is just another scam



I know you're hurt that you lost btc in MtGox

Never used Mtgox, don't have username

Are you OK BTW? You seem angry
cosmofly
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April 12, 2014, 11:03:17 AM
 #20


Hi Bit_Happy

Yeah, I am sorry for my English.  We are from non-spoken English country.

Our plan actually quite simple. We will do the following step:

1. Bitcoin.co.id is currently raising fund , example using https://cryptostocks.com/securities/120

2. We will established our office in Bali - we will open offline bitcoin exchanger.

3. We will launch mobile apps for payment gateway so merchant can start accepting bitcoin in offline

4. We will cooperate with money changer to start accepting Bitcoin ( we have the apps as well)

5. We will cooperate with Australia, Singapore, Malaysia  Travel Agent and Bitcoin Exchanger for education

6. Tourist can start coming to bali by only bringing bitcoin instead of their local currency


What do you guys think ?

before even trying to fundraise a sinle coin. atleast show proof of motives.
it does not cost anything to get shops to set up bitpay accounts. only conversations.
having a person on the island trading bitcoins for national currency does not cost any large amount of set up costs. its just advertising it on bali forums that the service is available and asking shops to spread the word.

make videos of shops accepting it and a guy exchanging it (the free stuff anyone can set up without costs) then you may get funding coming in faster.
before even renting an office, there are many things you can do for free.. so please do those things and document them. this will show that your goals do exist in reality and that you have the experience and enthusiasm to see it happen.

rather then just appearing as a pseudonym on a forum asking for money. i like to see projects succeed but nobody likes to be putting money into a project that cant even show current PHYSICAL progress.

also to note. if you need "funding" just to do the free stuff, then to many people, it appears that your previous life experience has not awarded you with enough wealth/knowledge to do simple tasks. this makes people think that the project will fail before it has started, because you are not good with money or have experience in conversations to tempt shops to signup.

i hope you prove people wrong and show current progress and actual physical results.. before asking for funds

+1

I'm with Franky on this
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April 12, 2014, 11:09:20 AM
 #21

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear after getting rich off your coins.

Haven't u guys learnt enough? Cheesy


Yes, we are newbie in this forum. But Our exchanger bitcoin.co.id is already existing in Indonesia for quite some time. We are currently the Biggest Bitcoin Exchanger in Indonesia. You can check about us in coindesk.com or searching for "oscar darmawan bitcoin" in google

I am sorry if I just start visiting this international forum. Normally I only active in our local Indonesia community

We have about 5000 member plus currently in Bitcoin.co.id


If he owns an exchange why does he need public funding?  Doesn't want to risk his own money is my guess.
If he gives proof and comes out in press release I might consider funding. Otherwise this is just another scam


We do have some press release but in bahasa: http://indonesia.bitcoin.co.id/ingin-ikut-memiliki-perusahaan-bitcoin-co-id/

It's true that we get some healthy profit from Bitcoin Exchanges but our exchanges still quite small. It's about 10 - 30 BTC volume daily. To do this Business plan, We need more funding thats why we open this crowdfunding investment. I hope it clear the missunderstanding. Thank you


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April 12, 2014, 11:25:23 AM
 #22


Hi Bit_Happy

Yeah, I am sorry for my English.  We are from non-spoken English country.

Our plan actually quite simple. We will do the following step:

1. Bitcoin.co.id is currently raising fund , example using https://cryptostocks.com/securities/120

2. We will established our office in Bali - we will open offline bitcoin exchanger.

3. We will launch mobile apps for payment gateway so merchant can start accepting bitcoin in offline

4. We will cooperate with money changer to start accepting Bitcoin ( we have the apps as well)

5. We will cooperate with Australia, Singapore, Malaysia  Travel Agent and Bitcoin Exchanger for education

6. Tourist can start coming to bali by only bringing bitcoin instead of their local currency


What do you guys think ?

before even trying to fundraise a sinle coin. atleast show proof of motives.
it does not cost anything to get shops to set up bitpay accounts. only conversations.
having a person on the island trading bitcoins for national currency does not cost any large amount of set up costs. its just advertising it on bali forums that the service is available and asking shops to spread the word.

make videos of shops accepting it and a guy exchanging it (the free stuff anyone can set up without costs) then you may get funding coming in faster.
before even renting an office, there are many things you can do for free.. so please do those things and document them. this will show that your goals do exist in reality and that you have the experience and enthusiasm to see it happen.

rather then just appearing as a pseudonym on a forum asking for money. i like to see projects succeed but nobody likes to be putting money into a project that cant even show current PHYSICAL progress.

also to note. if you need "funding" just to do the free stuff, then to many people, it appears that your previous life experience has not awarded you with enough wealth/knowledge to do simple tasks. this makes people think that the project will fail before it has started, because you are not good with money or have experience in conversations to tempt shops to signup.

i hope you prove people wrong and show current progress and actual physical results.. before asking for funds

Hi Franky1


Thank you for your reply. Yes we do in negotiation with some angel investor and VC from other country and small investment from our local entrepreneur. We are currently negotiating with the term and agreement with them. But capital gain and foreign investment is something that quite tough in Indonesia if using proper legal paper work.  We are currently securing about $200k if the legal, capital gain tax and all paper work done.

We also don't have any local Angel Investor platform in Indonesia. Therefore we are running this alternative platform in Cryptostocks.com following what cryptsy.com does.

If any Angel Investor interested to support us in this forum, we will be very happy to present our full business plan.

I am quite agree with Franky1. Regardless getting the money or not, we are still opening office in Bali. We already did the survey last month. But it will be nice if we can get proper funding to make the merchant and exchanges in Bali more confident when we are launching this plan.

It always better to have proper physical office in present when we need to convince people to accept Bitcoin especially it related with money. Because in our business plan, they can withdraw their Bitcoin in cash from our Office / store. I hope this explain our motive. Thank you.




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April 12, 2014, 11:56:36 AM
 #23


Hi Franky1


Thank you for your reply. Yes we do in negotiation with some angel investor and VC from other country and small investment from our local entrepreneur. We are currently negotiating with the term and agreement with them. But capital gain and foreign investment is something that quite tough in Indonesia if using proper legal paper work.  We are currently securing about $200k if the legal, capital gain tax and all paper work done.

We also don't have any local Angel Investor platform in Indonesia. Therefore we are running this alternative platform in Cryptostocks.com following what cryptsy.com does.

If any Angel Investor interested to support us in this forum, we will be very happy to present our full business plan.

I am quite agree with Franky1. Regardless getting the money or not, we are still opening office in Bali. We already did the survey last month. But it will be nice if we can get proper funding to make the merchant and exchanges in Bali more confident when we are launching this plan.

It always better to have proper physical office in present when we need to convince people to accept Bitcoin especially it related with money. Because in our business plan, they can withdraw their Bitcoin in cash from our Office / store. I hope this explain our motive. Thank you.


at day one i and other people that are experienced investors, do not care about you having an office. i care about seeing results. anyone can set up an office and do absolutely no work.
results i want to see which can be done for free
1. a video on youtube showing you talking to merchants in the bali island
2. a video of you desribing the project (to atleast see your face, and not a pseudonym)
3. a video of you atleast convincing one merchant to accept bitcoin
4. not needed to do yet, but.. real life details should be given to anyone that PLEDGES support

the main reasons for this are: that the other top three above also shows you can put your own time and money into just talking to people in bali. EG paying for transport (taxi/plane/whatever)

also to add
Quote
Bitcoin.co.id will offer 10,000 non-diluted fee shares for a price of 0.05 BTC per share at IPO which actually taken from 5% of total value of company valuation in the current market
.

10k shares = 500BTC.
500x5%=10,000btc

are you seriously trying to value your exchange as being worth $4mill (10kbtc @ $400), but you cant even afford to talk to merchants?

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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April 12, 2014, 12:01:29 PM
 #24


Hi Bit_Happy

Yeah, I am sorry for my English.  We are from non-spoken English country.

Our plan actually quite simple. We will do the following step:

1. Bitcoin.co.id is currently raising fund , example using https://cryptostocks.com/securities/120

2. We will established our office in Bali - we will open offline bitcoin exchanger.

3. We will launch mobile apps for payment gateway so merchant can start accepting bitcoin in offline

4. We will cooperate with money changer to start accepting Bitcoin ( we have the apps as well)

5. We will cooperate with Australia, Singapore, Malaysia  Travel Agent and Bitcoin Exchanger for education

6. Tourist can start coming to bali by only bringing bitcoin instead of their local currency


What do you guys think ?

before even trying to fundraise a sinle coin. atleast show proof of motives.
it does not cost anything to get shops to set up bitpay accounts. only conversations.
having a person on the island trading bitcoins for national currency does not cost any large amount of set up costs. its just advertising it on bali forums that the service is available and asking shops to spread the word.

make videos of shops accepting it and a guy exchanging it (the free stuff anyone can set up without costs) then you may get funding coming in faster.
before even renting an office, there are many things you can do for free.. so please do those things and document them. this will show that your goals do exist in reality and that you have the experience and enthusiasm to see it happen.

rather then just appearing as a pseudonym on a forum asking for money. i like to see projects succeed but nobody likes to be putting money into a project that cant even show current PHYSICAL progress.

also to note. if you need "funding" just to do the free stuff, then to many people, it appears that your previous life experience has not awarded you with enough wealth/knowledge to do simple tasks. this makes people think that the project will fail before it has started, because you are not good with money or have experience in conversations to tempt shops to signup.

i hope you prove people wrong and show current progress and actual physical results.. before asking for funds

Hi My name is William Sutanto, CTO of bitcoin.co.id,

I understand your concern, that is also my concern before do this fund-raising. The reason we need this fund asap is because we just get a very nice space in the heart of tourism spot in Bali, and it must be paid in this 1-2 weeks or we lose it. We will execute this plan either the fund-raising succeed or not. If we got the fund, we will start big, if not, we will use our limited fund to realize this idea.

About PHYSICAL progress, we are currently no. 1 bitcoin open exchange in Indonesia. Our service launched on 15 February 2014 (2 months ago) and now we already have 5000+ members registered. We are active member in bitcoin community (local & south east asia). Oscar was a speaker for World Bitcoin Conference in Kuala Lumpur (http://www.events-actually.com.sg/wbc2014.php). We also got media coverages, a lot. You can google them Smiley

Our exchange is already profitable. If we want to make money, we can just focus in expanding our exchange business. There are already 3 serious angel investors interested in our exchange. But that is not enough, beside making profit we want bitcoin to be mainstream, we want bitcoin has real usage in daily life, not just a speculative instrument.

We are not trying to sell you with nothing, even without the Bitcoin Island idea the stock is a good deal backed up by our exchange business.

Quote
at day one i and other people that are experienced investors, do not care about you having an office. i care about seeing results. anyone can set up an office and do absolutely no work.
results i want to see which can be done for free
1. a video on youtube showing you talking to merchants in the bali island
2. a video of you desribing the project (to atleast see your face, and not a pseudonym)
3. a video of you atleast convincing one merchant to accept bitcoin

all of this can be done for free!

you will begin to see some result in next few weeks.
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April 12, 2014, 12:08:31 PM
 #25

do not get me wrong, i do like the idea, and support the plan you have mentioned. but for proper financial trust, people like to see more then just a idea.

on this forum, your just a pseudonym right now.
i can easily say "i am the indonisia exchange owner give me money".. in fact i just did..

you say you are number 1.. which means you have enough money to pay for a weekend of conversations in bali. self funded.
well then, this weekend get to bali. make some videos of you convincing merchants to accept bitcoin. allow them to sign up their bank details with your exchange. you do not need a physical office for this.
you CAN and SHOULD do this even without investment.

this will prove you have a business plan and not just an idea. and alot of angel investor will love the proof you provide.

another example of why i ask this.
angel investors did not approach you the day you said "i want to start an exchange". they are now only talking to you now they see results.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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April 12, 2014, 12:15:27 PM
 #26

lol no, your just a pseadunym right now..

i can easily say "i am the indonisia exchange owner give me money".. in fact i just did..

you say you are number 1..
well then, this weekend get to bali. make some videos of you convincing merchants to accept bitcoin. allow them to sign up their bank details with your exchange. you do not need a physical office for this.
you CAN and SHOULD do this even without investment.

this will prove you have a business plan and not just an idea.


do not get me wrong, i do like the idea, and support the plan you have mentioned. but for proper financial trust, people like to see more then just a idea.

Thank you, we will keep our progress documented.
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April 12, 2014, 12:44:59 PM
 #27

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear after getting rich off your coins.

Haven't u guys learnt enough? Cheesy

That's quite a heavy accusation there cosmo. You may not know, but here in this part of the world we're quite an enthusiastic bunch.  We have weekly gatherings where local bitcoiners meet and just talk bitcoin, we have events and conferences promoting the understanding of bitcoin, we have campaigns giving out free bitcoins to spread awareness. We prefer to have optimism, something that is sorely missing in the bitcoin world now
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April 12, 2014, 01:04:22 PM
 #28

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear after getting rich off your coins.

Haven't u guys learnt enough? Cheesy

we have learnt. but the subtle way of doing it is to ask thm to prove themselves.. if a scammer they will shoot themselves in the foot and hobble away with their lack of evidence. if legit then the business can prosper.

but before any funds are handed over we need to see if they hobble away or jump at the chance to expand. one thing is for sure statements like "we will keep you updated" are meaningless. lets all wait for actual evidence and not worded 'update' statements

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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April 12, 2014, 01:54:08 PM
 #29

do not get me wrong, i do like the idea, and support the plan you have mentioned. but for proper financial trust, people like to see more then just a idea.

on this forum, your just a pseudonym right now.
i can easily say "i am the indonisia exchange owner give me money".. in fact i just did..

you say you are number 1.. which means you have enough money to pay for a weekend of conversations in bali. self funded.
well then, this weekend get to bali. make some videos of you convincing merchants to accept bitcoin. allow them to sign up their bank details with your exchange. you do not need a physical office for this.
you CAN and SHOULD do this even without investment.

this will prove you have a business plan and not just an idea. and alot of angel investor will love the proof you provide.

another example of why i ask this.
angel investors did not approach you the day you said "i want to start an exchange". they are now only talking to you now they see results.

Actually there are many of my video in youtube. In facebook community there are also many of our photo which talking with people ,pers and merchant. We do have free seminar monthly. Almost all our activity base in Jakarta now. Majority of our profit spend for bitcoin education and spreading bitcoin awareness in Indonesia. Yes, we are self funding now.

Feel free come to Indonesia. You may surprise. We are one of bitcoin community that more active in offline than pseudonym (online) world not like other country. We are very active in offline world.

You can even read one of the bitcoin merchant in Jakarta via coindesk
http://www.coindesk.com/indonesia-full-bitcoin-exchange-merchant-network-grows/

Note: you can see my photo there Smiley

When we are move to Bali, other Bitcoin group in Indonesia will still keep spread awareness in Jakarta. We got nice offline community here call 'Indonesia Bitcoin Community'

Myself and William will concentrate in this Bali project.

If you want our documentary in bali, i will record it for you later by next month. Either we got funding or not, plan will be progress but it may be in the smaller scale depending on our cash that we have in next month. We are doing our budgeting plan by early of next month.

I hope this effort can be success and can give own milestone in Bitcoin world.

We are used underestimated by international market Smiley Especially because we are not english spoken country.


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April 13, 2014, 07:58:48 AM
 #30

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear after getting rich off your coins.

Haven't u guys learnt enough? Cheesy

That's quite a heavy accusation there cosmo. You may not know, but here in this part of the world we're quite an enthusiastic bunch.  We have weekly gatherings where local bitcoiners meet and just talk bitcoin, we have events and conferences promoting the understanding of bitcoin, we have campaigns giving out free bitcoins to spread awareness. We prefer to have optimism, something that is sorely missing in the bitcoin world now

We prefer to have optimism..
Optimism and a good plan can do almost anything.  Smiley

FYI: We are planning a fun, harmless "10% Attack" on the ETH/ICO Bubble Game.
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April 13, 2014, 04:32:24 PM
 #31

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear after getting rich off your coins.

Haven't u guys learnt enough? Cheesy

That's quite a heavy accusation there cosmo. You may not know, but here in this part of the world we're quite an enthusiastic bunch.  We have weekly gatherings where local bitcoiners meet and just talk bitcoin, we have events and conferences promoting the understanding of bitcoin, we have campaigns giving out free bitcoins to spread awareness. We prefer to have optimism, something that is sorely missing in the bitcoin world now

We prefer to have optimism..
Optimism and a good plan can do almost anything.  Smiley

Thank you @bit_happy .

We will setup one website starting this May to update about this Bitcoin Island Project . We will use video as franky1 suggestion. I think it really is good suggestion. Thank you @franky1


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April 14, 2014, 06:48:50 AM
 #32

ah, I just realize our thread has been moved to project development instead of bitcoin discussion. It make us has double topic in this subforum.

Please give us comment and feedback in this thread then. Thank you


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April 14, 2014, 10:40:15 AM
 #33

If Indonesia won't worry about it Wink

I wonder how long will it take for me to get there Grin

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April 14, 2014, 11:42:36 AM
 #34

Another  newbie account scammer with a so called "visionary" idea  to be launched soon on crypto stocks and then fail and disappear after getting rich off your coins.

Haven't u guys learnt enough? Cheesy

That's quite a heavy accusation there cosmo. You may not know, but here in this part of the world we're quite an enthusiastic bunch.  We have weekly gatherings where local bitcoiners meet and just talk bitcoin, we have events and conferences promoting the understanding of bitcoin, we have campaigns giving out free bitcoins to spread awareness. We prefer to have optimism, something that is sorely missing in the bitcoin world now

We prefer to have optimism..
Optimism and a good plan can do almost anything.  Smiley

Thank you @bit_happy .

We will setup one website starting this May to update about this Bitcoin Island Project . We will use video as franky1 suggestion. I think it really is good suggestion. Thank you @franky1

Very interesting project. It has to grow more, I guess, to be legit for fundraising. In this early step of developing, your idea can fail very fast. Even if you are legit, I would wait for investing money into it or spend as much I can lose. Keep on working  Smiley

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April 14, 2014, 12:07:06 PM
 #35

hi @bcmine

No worries, we will keep our project documentary and available online for every 2 weeks time. I hope it can help communicating our project progress to the world. Thank you to supporting us by drop by in this Topics


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funchiestz
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April 15, 2014, 07:00:38 PM
 #36

pahe bahasa indo aja deh, malas nulis bahasa inggris wkakak
baru kemarin baca disini -> http://indonesia.bitcoin.co.id/ingin-ikut-memiliki-perusahaan-bitcoin-co-id/
udah ada aja threadnya disana
mantap idenya, saya mendukung penuh usahanya  Grin
ide bagus untuk menjadikan bali sebagai pusat transaksi bitcoin, karena disana banyak turis dari luar negeri yang kemungkinan sudah mengenal bitcoin
kalau banyak merchant yang menerima transaksi bitcoin kan jadi bagus

cuma apa gak terbentur sama kebijakan BI yang melarang transaksi jual-beli menggunakan bitcoin di indonesia?
EDIT : ternyata dituker ke IDR dulu ya pake ATM BTC, dikira langsung trx pake bitoin

beli sahamnya dulu deh mumpung masih murah




terimakasih @BigBoy89, tolong di doakan semoga rencana ini jalan lancar. Target kita mulai di bulan Mei ini. Semoga aja semua sesuai rencana.

Ide franky1 bagus nih bro, kita akan pastikan semua terdokumentasi biar lebih jelas dan laporannya ke bitcoin community

Kita ada beberapa kali ketemu BI, sebetulnya BI ga melarang kok bro, mereka bersikap netral. Kita good friend sama mereka sekarang ini

Btw tinggal di daerah mana ?


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dewacoin
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April 17, 2014, 11:50:35 AM
 #37

Go.....

Bitcoin On Bali...

Saya Berdomisili di Bali...

Ada yg bs dibantu ?



funchiestz
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April 21, 2014, 11:21:26 AM
 #38

Go.....

Bitcoin On Bali...

Saya Berdomisili di Bali...

Ada yg bs dibantu ?





halo dewacoin,

Lets we meet up in first week of May Cheesy Our target for first week of May is settle down our office in Bali. Please check your PM, I send you my HP number so we can communicate easier.

Thank you


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April 21, 2014, 12:46:32 PM
 #39

Good luck with this project, I'm sure you would get ALOT of tourist to your bitcoin Island as it's just something totally new that people never heard before of. I would be curious to visit it too.  Cheesy
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April 21, 2014, 01:42:57 PM
 #40

Great project, semoga semakin banyak turis yang datang ke indonesia dengan adanya proyek ini.
kota lain kapan menyusul?
Mungkin karena telalu banyak 0 pada rate tukar bitcoin jadi orang indonesia masih belum banyak yang menggunakan bitcoin  Grin. teman-teman saya banyak yang belum mau menggunakan bitcoin karena hal ini, sebaiknya rate exchanger indonesia jangan menggunakan rate per BTC tapi mBTC biar nol-nya lebih sedikit  Grin .
 
VampiricElder
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April 22, 2014, 07:06:45 PM
 #41

0.05 btc per share is alot of money in Indonesia, but I have a question:

Your cryptostocks listing says dividends will be paid on the last friday of each month, so will you be making the first dividend payment this friday 25th April?
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April 24, 2014, 06:57:36 AM
 #42

0.05 btc per share is alot of money in Indonesia, but I have a question:

Your cryptostocks listing says dividends will be paid on the last friday of each month, so will you be making the first dividend payment this friday 25th April?

Hi VampiricElder  

Yes, we will issue the first dividend base on last month performance by tomorrow Smiley  Our exchange revenue is still small currently but we will keep it professional. But we are confident with this Project Bitcoin Island, our trading volume (and revenue) will grow exponentially so it will make the dividend bigger Smiley


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April 24, 2014, 07:00:43 AM
 #43

Good luck with this project, I'm sure you would get ALOT of tourist to your bitcoin Island as it's just something totally new that people never heard before of. I would be curious to visit it too.  Cheesy

I hope so. It will give revenue to our government as well. So they may support us more.  We will initiate this project and fly to Bali by next week (end of april 2014). I will make the video documentation for Bitcoin Community in here.


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April 24, 2014, 01:46:48 PM
 #44

Go.....

Bitcoin On Bali...

Saya Berdomisili di Bali...

Ada yg bs dibantu ?





halo dewacoin,

Lets we meet up in first week of May Cheesy Our target for first week of May is settle down our office in Bali. Please check your PM, I send you my HP number so we can communicate easier.

Thank you

Hello;

already had event meetup on ubud, come on joint us...

http://www.meetup.com/Ubud-Breakfast-with-Bitcoin/events/177217002/
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April 24, 2014, 02:04:00 PM
 #45

Good job guys. I also from Indonesia.  Wink

Lets make the world hear more about us and Bali is a very smart start
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April 25, 2014, 10:58:57 AM
 #46


Hi VampiricElder  

Yes, we will issue the first dividend base on last month performance by tomorrow Smiley  Our exchange revenue is still small currently but we will keep it professional. But we are confident with this Project Bitcoin Island, our trading volume (and revenue) will grow exponentially so it will make the dividend bigger Smiley


Hi Funchiestz,
I already followed your journey since you establish BTCID.
and I have no doubt on your professionalism and your breakthroughs in introducing BTC to Indonesian market.

but ummm,
you should be pay the 1st dividen today at 15.00 UTC+7
and I haven't received my dividen. you already missed about 3 hours.. but still acceptable.

however,
I'm fully support all your effort and plan to promoting bitcoin in Indonesia.

go BTCID Smiley
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April 25, 2014, 06:26:05 PM
 #47

no dividend paid, no announcement made, not professional.
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April 26, 2014, 04:04:48 AM
 #48

1 day passed, still no dividend and no announcement.
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April 26, 2014, 08:27:07 AM
 #49

Dear All Members

We would to thank you for buying our shares as token appreciation for supporting our Bitcoin Island Project. We also already paid the dividend as agreement.

Here is the summary transaction for our exchanges:
Period : 1 March 2014 - 31 March 2014

Volume Bitcoin Trading in Rupiah                                             Rp  2,522,224,177.00
Trading Fee Income in Rupiah                                                 Rp       15,133,345.06
Shares Percentage                                                                                        5.00%
Total Dividend for Cryptostocks Investors                                 Rp            756,667.25
Latest Bitcoin price in IDR                                                      Rp         5,150,000.00
Total Dividend for Cryptostocks in BTC  (10,000 shares)                            0.14692568

Dividend per Shares in BTC    0.00001469
Total Shared Held Publicly     98
Total Dividend Paid              0.001439872


We know our dividend is still small in the moment. But we believe our trading volume will be increase by multiple times after our project launch this May 2014 and it will increase the dividend as well.

Best Regards

Bitcoin.co.id - Indonesia Bitcoin Exchange


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VampiricElder
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April 27, 2014, 04:32:56 AM
 #50

if anyone is interested in buying a btcid share from me today i will transfer to your cryptostocks account for .04 btc. otherwise i will just wait til the ipo is lifted and il sell it then
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April 28, 2014, 05:31:04 PM
 #51

Dear All Members

We would to thank you for buying our shares as token appreciation for supporting our Bitcoin Island Project. We also already paid the dividend as agreement.

Here is the summary transaction for our exchanges:
Period : 1 March 2014 - 31 March 2014

Volume Bitcoin Trading in Rupiah                                             Rp  2,522,224,177.00
Trading Fee Income in Rupiah                                                 Rp       15,133,345.06
Shares Percentage                                                                                        5.00%
Total Dividend for Cryptostocks Investors                                 Rp            756,667.25
Latest Bitcoin price in IDR                                                      Rp         5,150,000.00
Total Dividend for Cryptostocks in BTC  (10,000 shares)                            0.14692568

Dividend per Shares in BTC    0.00001469
Total Shared Held Publicly     98
Total Dividend Paid              0.001439872


We know our dividend is still small in the moment. But we believe our trading volume will be increase by multiple times after our project launch this May 2014 and it will increase the dividend as well.

Best Regards

Bitcoin.co.id - Indonesia Bitcoin Exchange

If per share dividend is 0.00001469 BTC compared to the investment 0.05 BTC, the return is very micro 0.02938%. I think you hv wrongly valuate your company. Investor will expect annual return above the traditional market (mutual fund, stock, deposit, ...)

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April 29, 2014, 02:20:15 AM
 #52


If per share dividend is 0.00001469 BTC compared to the investment 0.05 BTC, the return is very micro 0.02938%. I think you hv wrongly valuate your company. Investor will expect annual return above the traditional market (mutual fund, stock, deposit, ...)


indeed. wrongly valuate and price per stock also quite high compared to other portfolio in cryptostocks.
there are lots of things that need to be fixed. but I still believe in them. hopefully they can meet their investors expectation in the coming months.

btw, is the IPO already lifted? no?
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April 29, 2014, 10:20:27 AM
 #53

I have one share and i am already desperate to sell it
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April 30, 2014, 07:33:18 PM
 #54

yes, IPO has already lifted just now.  We are doing valuation of our company base on our  existing investor schema therefore valuation of Bitcoin.co.id is $5M  (one investor give us $100,000 for 2% of our equity shares)

This fundraising is to supporting our Project in Bitcoin island. Therefore for anyone who want to support and believe this project please help us to buying our shares as token appreciation. This project is require quite big budget.

We believe this Project Bitcoin Island will bring healthy development in Bitcoin World.

Currently I already in Bali. Please let me know for any existing Bitcoiners in Bali if possible to meet up by this week or early next week.

To update our progress, Today we already in negotiation with landlord in here and the office suppose to be ready soon.

We will upload our video documentary when ready

Cheers !


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btc tips: 1NPQP9Z4Ju6rTnH4uR6986kGVnEkpyYFJZ


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April 30, 2014, 08:03:44 PM
 #55

oh boy.  here we go

LTC: LcTpDxXjVKkjbSHqPkhDVGaqauiD81snhD
ZEC: t1Jd1615qcMq1FQeXPdm1zvjVvnEMAamLNC
ETC: 0xea55ce08f8558c87dc85d4f3c3ebdf2afebbbe32
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May 01, 2014, 07:43:09 AM
 #56

oh boy.  here we go

thank you Smiley 


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May 01, 2014, 11:46:54 PM
 #57

Hi all !

I am newbie here. I am also quite new to crypto currencies. Just started learning about it early this year.

I am not affiliated to bitcoin.co.id but I think this is a good and promising business. I am talking about the exchange. Bitcoin to Indonesia rupiah, specifically. I think the market will grow.

As for the Bali Bitcoin island, not that convinced about the business yet.

Anyway, at first I am not that interested in buying bitcoin just to hope for it to increase in value. I was planning to have new business that can ride the growth of bitcoin industry but since I am still not able to put much capital yet, I think at 0.05BTC, this is one thing that I ride the growth of bitcoin  industry, especially in Indonesia market. Hopefully the turnover of bitcoin.co.id will grow and I can enjoy better dividend.

That is my rational for buying this stock.

Cheers !

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May 02, 2014, 09:06:37 AM
 #58

One way you could alleviate the issue of trust in your donation plan is to use a known, reputable, and paid bitcoin escrow service. Look up John K. at bitcoinforums, he is great. Cheers~
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May 02, 2014, 01:18:49 PM
 #59

Hi all !

I am newbie here. I am also quite new to crypto currencies. Just started learning about it early this year.

I am not affiliated to bitcoin.co.id but I think this is a good and promising business. I am talking about the exchange. Bitcoin to Indonesia rupiah, specifically. I think the market will grow.

As for the Bali Bitcoin island, not that convinced about the business yet.

Anyway, at first I am not that interested in buying bitcoin just to hope for it to increase in value. I was planning to have new business that can ride the growth of bitcoin industry but since I am still not able to put much capital yet, I think at 0.05BTC, this is one thing that I ride the growth of bitcoin  industry, especially in Indonesia market. Hopefully the turnover of bitcoin.co.id will grow and I can enjoy better dividend.

That is my rational for buying this stock.

Cheers !



hi St-ly_T

Thank you for your support Smiley


======================

Actually our shares that we offer in Cryptostocks is more for appreciation's token for donation in project Bitcoin Island.  We know currently our business is still small. But we want to give something in return to our donator and investor that why we are offering dividend in return to say thank you for trusting us.


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May 02, 2014, 06:11:18 PM
 #60

Rome wasn't built in a day  Grin

keep good work bitcoin.co.id  Grin

:3
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May 05, 2014, 04:07:44 AM
 #61

Rome wasn't built in a day  Grin

keep good work bitcoin.co.id  Grin

Hi bagus23

It seems like you are indonesian from your nickname. Please come to our gathering this 17 may @baywalk mall bali. Thank you Cheesy


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thiec
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May 16, 2014, 10:55:14 AM
 #62

Any update??
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May 21, 2014, 11:53:24 AM
 #63

PMd you.

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funchiestz
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May 22, 2014, 06:03:08 PM
 #64

Any update??

hi Thiec

Please check our website http://bitislands.com/. We just finish create our official website for this project. We also upload documentary and how far the progress of this social project.

BitIslands is a social experiment that aim to make Bitcoin as Common Currency Worldwide

We just upload our video in Gili Air related this project

http://www.youtube.com/watch?v=9h2bFvMkM6A


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bitsmichel
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May 22, 2014, 06:10:07 PM
 #65

Quote
Please check our website http://bitislands.com/. We just finish create our official website for this project. We also upload documentary and how far the progress of this social project.

this place looks really good and very interesting project.

                                                                               
                
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funchiestz
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May 22, 2014, 06:21:03 PM
 #66

Quote
Please check our website http://bitislands.com/. We just finish create our official website for this project. We also upload documentary and how far the progress of this social project.

this place looks really good and very interesting project.

Thank you. We also have video to showing why we are targeting Bali as Bitcoin Island:
http://www.youtube.com/watch?v=JSYXKglAwL0

Please give us feedback Smiley


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lemfuture
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May 22, 2014, 06:25:09 PM
 #67

welp i enjoyed the vid. hope for the success, and may our travel expense be all in bitcoin  soon

1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
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May 22, 2014, 06:31:31 PM
 #68

welp i enjoyed the vid. hope for the success, and may our travel expense be all in bitcoin  soon

hi Lemfuture 

Thank you. We will keep update our progress in our website weekly with video and picture Smiley


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May 23, 2014, 04:15:49 AM
 #69

We are welcome for any payment gateway, bitcoin atm and exchanger to participate in this project. Thank you


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May 23, 2014, 05:08:17 AM
 #70

We update our website just now to allow people submit into our newsletter list. Please join our newsletter to get our latest update and progress in www.bitislands.com


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May 23, 2014, 07:35:56 AM
 #71

We update our website just now to allow people submit into our newsletter list. Please join our newsletter to get our latest update and progress in www.bitislands.com

keep goodwork admin  Grin

maybe next time i'll join gath  Grin

:3
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May 23, 2014, 02:29:53 PM
 #72

We update our website just now to allow people submit into our newsletter list. Please join our newsletter to get our latest update and progress in www.bitislands.com

keep goodwork admin  Grin

maybe next time i'll join gath  Grin

Thank you @bagus23

Our office in Bali will be ready soon. Internet suppose to be connected by next week. We will start recruiting our Bali Employee by next week as well


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May 24, 2014, 07:58:19 AM
 #73

Any update??

hi Thiec

Please check our website http://bitislands.com/. We just finish create our official website for this project. We also upload documentary and how far the progress of this social project.

BitIslands is a social experiment that aim to make Bitcoin as Common Currency Worldwide

We just upload our video in Gili Air related this project

http://www.youtube.com/watch?v=9h2bFvMkM6A

Nice.

I hope we can get many list of merchant that accept btc (or ltc) soon.
Indonesia holiday season is coming up... and Bali is favorite destination
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May 25, 2014, 03:27:26 AM
 #74

hi Thiec

Yes, as long as our office ready to be use by this end of month and we already hired our employees. We will start doing marketing for converting merchant. Stay up date ! Smiley


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May 25, 2014, 02:08:15 PM
 #75

I hope your experiment will succeed!
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May 25, 2014, 04:35:20 PM
 #76

I hope your experiment will succeed!

Hi Bibop

Thank you for your message

Hi All

We just update our website. We incorporate almost all Bitcoin Startup di Indonesia and some Bitcoin Startup from Singapore to supporting this Bitislands project.

We already having discussion with them including Bitcoiners Senior like Mr Christian and Mr Ville.

Please check it out : http://bitislands.com/about-us
 


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May 25, 2014, 09:08:06 PM
 #77

PMd You

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May 26, 2014, 09:06:27 AM
 #78

http://ekonomi.kompasiana.com/moneter/2014/05/26/masa-depan-bank-di-indonesia-660015.html

A blog about the need of crypto currency but without mentioning a word of Bitcoin

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May 27, 2014, 06:24:42 AM
 #79

http://ekonomi.kompasiana.com/moneter/2014/05/26/masa-depan-bank-di-indonesia-660015.html

A blog about the need of crypto currency but without mentioning a word of Bitcoin



Hi St-ly_T

Yeah, it actually describe Bitcoin.  I will try to leave comment in that discussion.

Update: Our office furniture will be ready by this week. Starting next week, we can start marketing bitcoin. Yay!

PS: kompas is our mainstream newspaper in Indonesia.


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May 27, 2014, 12:15:56 PM
 #80

We just update our website with photo of our latest gathering for BitIslands.

Check it out http://bitislands.com/update/

We got support by many bitcoin startup (local and global) and bitcoiners in Bali

Thank you !


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Ratters
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May 27, 2014, 01:51:06 PM
 #81

Emailed you via the site.

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May 27, 2014, 02:54:36 PM
 #82

Emailed you via the site.

Hi Ratters

Replied Cheesy Please check your PM


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May 28, 2014, 03:25:53 PM
 #83

It seems today we got some coverage from media. I hope bitcoiners will come to support us. Come to bali guys!

http://www.maxkeiser.com/2014/05/bit-islands-for-bitcoin-in-indonesia/

http://www.ihavebitcoins.com/featured/bit-islands-bitcoin-indonesia/

http://www.techinasia.com/team-turn-bali-bitcoin-island/

Support our project Wink


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May 29, 2014, 04:58:23 AM
 #84

Wow we just featured in Coindesk Cheesy

================================================================================

How Bitislands Plans to Turn All of Bali into ‘Bitcoin Paradise’
by Jon Southurst (@southtopia) - Coindesk.com

Tourists traveling to the tropical holiday island of Bali would “only need to bring bitcoin” under a new initiative called ‘Bitislands’ that is aiming to convince all local businesses to accept the digital currency, including money changers.

While there are several moves to create ‘Bitcoin Boulevards’ around the world in certain neighborhoods, this is the first attempt to convert an entire island.

The social experiment is sponsored by Bitcoin.co.id (also known as Bitcoin Indonesia), Indonesia’s largest exchange and bitcoin lobby group.

Bitcoin Indonesia’s co-founder and CEO Oscar Darmawan spoke to CoinDesk about the project, saying:

“We will show to the world that bitcoin can be a better money; as a first step we will convert Bali into Bitcoin Paradise Island.”

Community support

Darmawan noted that all prominent Indonesian bitcoin startups have backed the project, and other international companies from around the Southeast Asian region have added their names as well.

To date, this list of companies includes Artabit, CoinPip, Quantified, Coin of Sale, Tukarcash and Bitwyre.


On Bitislands’ advisory board are notable local and expat entrepreneurs and investors, including producer of the “Life on Bitcoin” documentary Christian Hsieh, Quantified Assets CEO Ville Oehman, CEO of Indonesia’s biggest internet marketing forum Ricky Andrian, and the organizer of ‘Ubud Breakfast with Bitcoin‘ events Gary Dykstra.

Gaining a foothold

The project’s first goal is to set up an office and Bitcoin Information Center in Bali, and the island’s first offline bitcoin exchange. To show how serious a project Bitislands is, Bitcoin Indonesia’s CTO and other co-founder William Sutanto has relocated to Bali to personally oversee operations.

Bitcoin promises to spare travelers the headaches of having to change currency at every destination, like exchange rate ripoffs, money changer fees, the need for constant mental price conversions and others.

The Bitislands team is inviting bitcoin fans worldwide to support the initiative through donations, spreading the word and even volunteering in Bali itself.

Attracting entrepreneurs

Bali is probably a more perfect location for mass bitcoin adoption than most would assume.

Once known as a haven for surfers and hippies, the island’s image has shifted over time to that of a more mainstream tourist destination, popular especially with travelers and party-goers from Australia and Japan.

More recently, though, it has begun to attract digital nomads and other entrepreneurs from around the world as the perfect place to run a laptop-based startup.

Bali’s warm climate and relaxed, low-cost lifestyle appeals to location-independent developers who only need to meet with co-workers and clients in person a few times a year, if ever.

This situation has created a thriving startup ecosystem, generating even more interest in the area. There are already a few entrepreneurial co-working spaces there, including Hubud in the town of Ubud, The Sanur Space in Sanur, and the offices of web design and marketing company Lumonata in main center Kuta.

For more on how bitcoin could reshape international travel, read our most recent analysis.

link: http://www.coindesk.com/bitislands-bali-bitcoin-paradise/


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May 29, 2014, 06:10:55 AM
 #85

Congratulations on the article posted in CoinDesk earlier today fellas.  Though I too am a bit uncertain about the valuation your giving your company right out of the gate I'm still impressed with the vision thus far.  The more smaller countries that hop on the bitcoin bandwagon in a big way, the less larger more corrupt governments impact will ultimately have on bitcoin flourishing.

*Because of my uncertainty regarding whether or not your currently overvalued I won't be purchasing any shares right now but I am definately keeping an eye on you guys and wish you all the best.

BTW, the pictures I found online for Bali are absolutely beautiful...looking forward to the day when I can afford to get over there with nothing but bitcoin in the wallet on my phone Wink

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May 29, 2014, 06:37:12 AM
 #86

Hi NwFella

Thank you for your support and drop by in our thread. Shares that we are selling in cryptostocks.com actually more for donation token that we can pay back in the near future later because we really need to secure some funding to running this project. If you are willing to support us financially,  you also can just donate via bitcoin donation address directly.

We will keep update our progress in the website. We really believe this project will work in this islands.

Please come to Bali if you have time and come to our office, we will treat you Smiley

Congratulations on the article posted in CoinDesk earlier today fellas.  Though I too am a bit uncertain about the valuation your giving your company right out of the gate I'm still impressed with the vision thus far.  The more smaller countries that hop on the bitcoin bandwagon in a big way, the less larger more corrupt governments impact will ultimately have on bitcoin flourishing.

*Because of my uncertainty regarding whether or not your currently overvalued I won't be purchasing any shares right now but I am definately keeping an eye on you guys and wish you all the best.

BTW, the pictures I found online for Bali are absolutely beautiful...looking forward to the day when I can afford to get over there with nothing but bitcoin in the wallet on my phone Wink


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funchiestz
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May 30, 2014, 06:00:23 AM
 #87

Dear Investors and Donaturs

We would to thank you for buying our shares as token appreciation for supporting our BitIsland Project. We already paid the dividend as agreement.

Here is the summary transaction for our exchanges:
Period : 1 April 2014 - 30 April 2014
Volume Bitcoin Trading in BTC                                   517.83243168   BTC
Trading Fee Income in BTC                                          3.10699459    BTC
Total Shares Percentage                                             5.00%
Total Dividend for Cryptostocks Investors                        0.15534973  BTC

Dividend per Shares in BTC               0.00001553
Total Shared Held Publicly             190
Total Dividend Paid                         0.00295164   BTC

Our trading volume in April 2014 is increased by  106% than March 2014. Thank you for your continued support and for the confidence that you have placed in us.

Best Regards

Bitcoin.co.id - Indonesia Bitcoin Exchange


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funchiestz
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June 01, 2014, 02:20:10 AM
 #88

It seems like cryptostocks still having issue with their wallet. We are removing option to donate via cryptostocks in the mean time.  You may donate this project through bitcoin addreess directly.

Address: 1sLAndWaCHYGD8F5LdQ9baXCXoNmsXtsg

I hope cyptostocks issue will be solved soon

Thank you


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Tobias10
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June 01, 2014, 10:30:43 AM
 #89

As all those who use cryptostocks website are nervous, i suggest that you ask the public shareholder to vote:

1. Remains as it is
2. Unlist from cryptostocks. Just pay the dividend to all current holders as usual.
3. Unlist from cryptostocks by buying back all the shares at probably weighted, pre determined price.
oureptsC
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June 01, 2014, 10:51:07 AM
 #90

Sounds like a cool idea, but most effect for project like this one only Bitcoin enthusiasts who owns a lot of bitcoins or are just rich in FIAT money can do something about It because just regular FIAT merchants wouldn't want additional problems and risk and they are just good with FIAT, but what you are doing Is really great and I support your idea 100%.

unexecuted
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June 01, 2014, 11:56:30 AM
 #91

Serious question: what is internet access like on these islands?

Tobias10
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June 01, 2014, 01:06:48 PM
 #92

Serious question: what is internet access like on these islands?

Internet access is available widely although speed may not be that satisfying.

You should come and experience it.

Or ask people you know who has been to Bali
funchiestz
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June 01, 2014, 04:20:53 PM
 #93

As all those who use cryptostocks website are nervous, i suggest that you ask the public shareholder to vote:

1. Remains as it is
2. Unlist from cryptostocks. Just pay the dividend to all current holders as usual.
3. Unlist from cryptostocks by buying back all the shares at probably weighted, pre determined price.


Hi Tobias10

I agree with your suggestion. We are currently wait and see for this cryptostocks issue before taking any action. We will give them (cryptostocks) to solving the issue until Wednesday before doing any action.  

Regards

Bitcoin.co.id


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KimNam
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June 01, 2014, 04:28:02 PM
 #94

Dear Investors and Donaturs

We would to thank you for buying our shares as token appreciation for supporting our BitIsland Project. We already paid the dividend as agreement.

Here is the summary transaction for our exchanges:
Period : 1 April 2014 - 30 April 2014
Volume Bitcoin Trading in BTC                                   517.83243168   BTC
Trading Fee Income in BTC                                          3.10699459    BTC
Total Shares Percentage                                             5.00%
Total Dividend for Cryptostocks Investors                        0.15534973  BTC

Dividend per Shares in BTC               0.00001553
Total Shared Held Publicly             190
Total Dividend Paid                         0.00295164   BTC

Our trading volume in April 2014 is increased by  106% than March 2014. Thank you for your continued support and for the confidence that you have placed in us.

Best Regards

Bitcoin.co.id - Indonesia Bitcoin Exchange
0.05 BTC is price per 1 share
and then 1 share make 0.00001553 BTC per month
so : (0.00001553 BTC / 0.05 BTC) * 100% = 0.031 % per month
and 12 * 0.031% = 0.372%. not even 1% dividents annually

i think your company was overvalued, and your stock / share price way too expensive
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June 01, 2014, 04:50:10 PM
 #95

0.05 BTC is price per 1 share
and then 1 share make 0.00001553 BTC per month
so : (0.00001553 BTC / 0.05 BTC) * 100% = 0.031 % per month
and 12 * 0.031% = 0.372%. not even 1% dividents annually

i think your company was overvalued, and your stock / share price way too expensive

Hi KimNam,

Thank you to drop by. Actually our shares that we offer in Cryptostocks is more for appreciation's token for donors in project Bitcoin Island. We want to give something to our contributor thats why we do it via cryptostocks previously. So we can track the donor.

Related with our company evaluation is based on our existing investor that invest in our company. Same with all other startups, our investors value our company based on our future value.

I hope it answered the question.


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June 02, 2014, 06:49:04 AM
 #96

Hi KimNam,

Thank you to drop by. Actually our shares that we offer in Cryptostocks is more for appreciation's token for donors in project Bitcoin Island. We want to give something to our contributor thats why we do it via cryptostocks previously. So we can track the donor.

Hi funchiestz

umm, so, if we buy your shares in cryptostocks it means we donate our BTC to your project? or do we really buy your shares?
if we donate, it means, we will not get our money back? you said that you have plan to buy the shares back somewhen in the next 1-2 years (and pay the dividen per month)?  Huh Huh

I agree that your share's price is too expensive
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June 03, 2014, 03:46:26 AM
 #97

Hi KimNam,

Thank you to drop by. Actually our shares that we offer in Cryptostocks is more for appreciation's token for donors in project Bitcoin Island. We want to give something to our contributor thats why we do it via cryptostocks previously. So we can track the donor.

Hi funchiestz

umm, so, if we buy your shares in cryptostocks it means we donate our BTC to your project? or do we really buy your shares?
if we donate, it means, we will not get our money back? you said that you have plan to buy the shares back somewhen in the next 1-2 years (and pay the dividen per month)?  Huh Huh

I agree that your share's price is too expensive

I think his mean that buying bitcoin.co.id shares in cryptostocks is not for short term profit and some part of it treat like you make a donation for this project.

Since bitcoin.co.id just a new exchanger and still low market cap (although Indonesia are top 5 population), you cant compare the return just for short term. If you believe in this project than you go with it by being part of it (buying share).
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June 03, 2014, 05:51:31 PM
 #98

Hi KimNam,

Thank you to drop by. Actually our shares that we offer in Cryptostocks is more for appreciation's token for donors in project Bitcoin Island. We want to give something to our contributor thats why we do it via cryptostocks previously. So we can track the donor.

Hi funchiestz

umm, so, if we buy your shares in cryptostocks it means we donate our BTC to your project? or do we really buy your shares?
if we donate, it means, we will not get our money back? you said that you have plan to buy the shares back somewhen in the next 1-2 years (and pay the dividen per month)?  Huh Huh

I agree that your share's price is too expensive

hi KimNam

Its both Smiley  You are donating this project by buying our shares. Yes, we do plan to buy back our share. Also for token of gratitude to our donor and investor, we are issuing dividens monthly basis.




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funchiestz
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June 03, 2014, 05:53:22 PM
 #99

Hi KimNam,

Thank you to drop by. Actually our shares that we offer in Cryptostocks is more for appreciation's token for donors in project Bitcoin Island. We want to give something to our contributor thats why we do it via cryptostocks previously. So we can track the donor.

Hi funchiestz

umm, so, if we buy your shares in cryptostocks it means we donate our BTC to your project? or do we really buy your shares?
if we donate, it means, we will not get our money back? you said that you have plan to buy the shares back somewhen in the next 1-2 years (and pay the dividen per month)?  Huh Huh

I agree that your share's price is too expensive

I think his mean that buying bitcoin.co.id shares in cryptostocks is not for short term profit and some part of it treat like you make a donation for this project.

Since bitcoin.co.id just a new exchanger and still low market cap (although Indonesia are top 5 population), you can compare the return just for short term. If you believe in this project than you go with it by being part of it (buying share).

Hi Thiec, thank you to explain it to community Smiley  Yes, you are right. Currently our shares is not for short term profit. It will be better to treat it as donation to this project.


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funchiestz
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