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Author Topic: Project Bitcoin Island - Bali - Indonesia  (Read 55149 times)
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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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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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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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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.
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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%.

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June 01, 2014, 11:56:30 AM
 #91

Serious question: what is internet access like on these islands?
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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
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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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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
Last edit: June 04, 2014, 06:06:53 AM by thiec
 #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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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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June 04, 2014, 04:56:23 PM
 #100

Update:

Our office is ready to be use finally Smiley We will start interviewing our first employee for Bitislands Project tomorrow Cheesy


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