Project Bitcoin Island - Bali - Indonesia

[St-ly_T]

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 !

[NoDreamsWatching]

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~

[Bagus23]

Rome wasn't built in a day 

keep good work bitcoin.co.id 

[thiec]

Any update??

[Ratters]

PMd you.

[bitsmichel]

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.

[lemfuture]

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

[Bagus23]

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 

maybe next time i'll join gath 

[thiec]

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

[Bibop]

I hope your experiment will succeed!

[Ratters]

PMd You

[St-ly_T]

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

[Ratters]

Emailed you via the site.

[nwfella]

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

[Tobias10]

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]

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]

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

[Tobias10]

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

[KimNam]

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

[turnip628]

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)? 

I agree that your share's price is too expensive