MickGhee (OP)
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May 14, 2014, 02:57:36 PM Last edit: May 26, 2014, 07:40:42 PM by MickGhee |
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CRYPTOFOOD What is cryptofood?Cryptofood will be the first implementation of an idea i have been building for a while which has been dubbed OPEN BUSINESS ECONOMICS put simply it is not just a new trendy e-coin, rather a new way to conduct business. Cryptofood will be its own economy, based on a viable business model backed by a for profit business. We are a small community of Traders, marketing reps and and hopefully bloated whale investors, my expertise lies in advertising where i have done projects for many fortune 500 companies like Directv, ARBYS and DISH NETWORK CRYPTOFOOD will have a business similar to the bitcoin for pizza model, simple easy and allready proven viable. Where our idea is unique is in the fact you will be able to purchase any thing from your local takeout spot with your coin; eliminating the need to exchange coins for cash, and then buy dinner. In this business model employees will own their own franchise processing orders in their native language and being paid on a per-job basis. The scope of this project is truly global. All orders will have a 5% over cost surcharge providing the funds necessary to pay these employees. of that 5 percent, the order processor will receive 90% and the home office 10% employees will be paid (semi-WEEKLY) in our currency which can be directly traded for their native currency. Open business economics, WTF?Yes as strange as this may sound this is not an entirely new idea just a new new approach. A lot of businesses are co-op or employee owned. This is really no different, what is new here is the implementation of a business based economy where the currency is created by the business and pays out in its own coin. i feel this is the next level of crypto and sink or swim we are gonna pop the cork on this sucker. Hide and watch. Now to the good stuff THE COINCRYTOFOOD will be an sha-256 combo coin based off of a myriad style algorithm with the total number of coins being 100 Million. Each block will contain 75 coins with a block time of 1 minute. The coin rewards will halve every 120000 (apx 84 days) blocks and difficulty will re target every block. THERE WILL BE NO PRE MINE INSTA MINE OR NINJA LAUNCH. There is no ipo for this coin. We believe in de-centralized economies and do not want this coin in the hands of the few. We chose sha because it is energy efficient and the miners can be bought for less than 5 usd per gh at this time, making it easy and inexpensive for anyone to get into. you could get a 5 gh usb stick for 27 usd using less than 2 watts on minersource.net or a 200 gh antminer for 400 usd very cheap. The specifics are still in develpopment THE BIZCRYPTOFOOD will be a de-centralized work at your own pace for profit endeavor. All employees will own thier own business and pay a nominal (10) percentage of fees collected to the home office for providing business. our service will launch 3 weeks after the coin is launched, giving the coin time to stabilize. First the business, and then the exchange will launch apx 1 month later. Cryptofood inc shares may be purchased in an ipo at .001 per share. there will 100,000 shares issued of these only 30,000 will available in this ipo the remaining 70,000 will be held by initial investors of these I (CHAIRMAN) will retain 40k the developer of software will retain 15k the initial investor will retain 10 k leaving 5k for bounties for things we need all share holders will be paid dividends in CF for each share semi-monthly the total profits of the home office will be divided by 100,000 and each share will paid in accordance to that figure. use this formula P/100,000=d let p=profit and d = dividend so if we make 2000 usd a week the dividends would break like this semi monthly =2 weeks 2000 x 2 = 4000 4000/100,000 =.04 USD owner of 100 shares would get 4 usd twice a month or eight dollars a month at a cost of .001 btc (currently .45 usd) this investor would make his money back in 6 months ALL UNSOLD SHARES WILL BE DESTROYED so if we launch with no shares sold 75k will be the total number of shares in the company (5k for bounties) all shareholders will be delivered a certificate signed and witnessed hand numbered with amt of shares bounties (shares) 10k for initial investor (5 btc)1k for website 1k for pool at launch (official pool) 1k wallet help1k major exchange (polo bittrex mintpal or cryptsy) 100 mandarin chineese translator 100 spanish translator 100 french translator 100 Arabic translator 100 portugeese translator 100 blogger 100 x3 pro trolls instructions for i.p.o. send a pm to me send btc here 15FDL8oMx6SCkjQSBp9dqmn8Z7541YhhNU send new pm. Include the address you sent the bitcoins from Include the txid Include amt sent (please note shares cannot be split or divided, take care to send whole millibits. Any remainder will be considered a donation and will not be returned) notes by dev I have used my real account for this project to show i believe in this project more info on me can be found in my newbie thread https://bitcointalk.org/index.php?topic=552617.60 i am willing to provide my full legal name address and last 4 of social to any investor who buys 100 shares or more THANK YOU FOR READING AND MAY WE ALL PROSPER IN CRYPTO
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Last night, while you were sleeping. I fucked the system!
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MickGhee (OP)
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Activity: 1386
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Fucker of "the system"
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May 14, 2014, 03:49:00 PM Last edit: May 18, 2014, 04:52:46 AM by MickGhee |
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we have hired a software developer ! may 14th
an initial investor was found (we might be changing share structure and number of shares stay tuned) & we are overcoming difficulties with the programming may17th
started wrking on logo and splash i got other freelance work going for a local gunshop gimme a few days. may 17th
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Last night, while you were sleeping. I fucked the system!
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MickGhee (OP)
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May 14, 2014, 03:59:42 PM |
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i cant wait for peeps to see this
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Last night, while you were sleeping. I fucked the system!
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passionsurf
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May 14, 2014, 04:07:31 PM |
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Excellent! Who's hungry?
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MyFarm
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May 14, 2014, 04:25:11 PM |
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Your claim of: my expertiese lies in advertising where i have worked with many fortune 500 companies like Directv ARBYS and DISH NETWORK
And the rest of your post don't add up for me. Pass.
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MickGhee (OP)
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May 14, 2014, 04:36:06 PM |
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Your claim of: my expertiese lies in advertising where i have worked with many fortune 500 companies like Directv ARBYS and DISH NETWORK
And the rest of your post don't add up for me. Pass. why dosent it it? i have worked in marketing since 2006
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Last night, while you were sleeping. I fucked the system!
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MickGhee (OP)
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Fucker of "the system"
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May 14, 2014, 05:26:15 PM |
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its gonna be EPIC
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Last night, while you were sleeping. I fucked the system!
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KimJongUn
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May 14, 2014, 07:31:52 PM |
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CRYPTOFOOD so if we make 2000 usd a week the dividends would break like this semi monthly =2 weeks 2000 x 2 = 4000 4000/100,000 =.04 USD owner of 100 shares would get 4 usd twice a month or eight dollars a month at a cost of .001 btc (currently .45 usd) this investor would make his money back in 6 months So how much total volume per week would you have to do to make just $2,000 per week in profit? It's simple math. Just wondering if you are aware of the answer.
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MickGhee (OP)
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May 15, 2014, 02:16:02 AM Last edit: May 15, 2014, 02:55:06 AM by MickGhee |
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to make 2k it would only take apx 40,000 customers a week.thats taking into consideration that the average take out meal costs 8 dollars and the average drink being apx 1.75
go ahead think of your last TAKEOUT meal i bet it cost more than 10 dollars
so its just 6000 customers per day there are 14400 minutes in a day and 9 billion people breathing giving us 1 customer every 2-3 minutes on a global scale of crypto users this is .doable, also the 30 btc raised will be used like this 20 btc advertising 10 btc reserved for purchases until the business is stable. thank you for your input as you can see the numbers were crunched
id like to add this
its a real shame that this has been treated so negative i really thought people would be glad to see this idea launch.maybe i should just launch a coin with no purpose and no economics behind it. i am glad to see the crypto community has no direction or desire to go to a new level which can produce something beneficial . maybe i just make a clone coin with a fancy name and empty promises of anonymity (xlb). if you dont want something like this than move on but never doubt i will launch this even if i have to mortgage my house i think its good for crypto and a fresh breath of air for the world. support it or dont we're still going forward.. now if you really wanna help why not get started on a web page and earn 1 percent of the company
thank you for your input
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Last night, while you were sleeping. I fucked the system!
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greatwolf
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May 15, 2014, 03:30:31 AM |
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Using sha256 is questionable considering the vast amount of btc mining farms out there ready to rape any sha256 coin that happens to be profitable. If you're going for good distribution why not take a multi-algorithm approach like myriad? You could have one part sha, one part scrypt-n and one part x11 for example.
This way, no one particular mining farm can completely dominate the network's hashing power while at the same time you're giving sha miners a piece of the pie so it's a reasonable compromise.
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MickGhee (OP)
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Fucker of "the system"
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May 15, 2014, 03:36:41 AM |
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Using sha256 is questionable considering the vast amount of btc mining farms out there ready to rape any sha256 coin that happens to be profitable. If you're going for good distribution why not take a multi-algorithm approach like myriad? You could have one part sha, one part scrypt-n and one part x11 for example.
This way, no one particular mining farm can completely dominate the network's hashing power while at the same time you're giving sha miners a piece of the pie so it's a reasonable compromise.
that is a great idea and id love to do that if i were technically able why dont you do that and claim 16% of the company
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Last night, while you were sleeping. I fucked the system!
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MickGhee (OP)
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Fucker of "the system"
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May 15, 2014, 06:05:30 AM |
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picking up momentum
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Last night, while you were sleeping. I fucked the system!
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asdf_files
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May 15, 2014, 06:07:44 AM |
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Will not fly. It's too difficult and large poject. Sorry bro
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garmin
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May 15, 2014, 06:09:45 AM |
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picking up momentum
keep going...
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MickGhee (OP)
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May 15, 2014, 01:24:17 PM |
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Will not fly. It's too difficult and large poject. Sorry bro haters will hate how about constructive criticisim
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Last night, while you were sleeping. I fucked the system!
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NXN_NFD_?
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May 15, 2014, 01:27:26 PM |
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great.have some cryptofood and dump a lot cryptoshit.
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yingxue
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May 15, 2014, 01:29:10 PM |
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Cryptofood will be the first implementation of an idea i have been building for a while which has been dubbed OPEN BUSINESS ECONOMICS put simply it is not just a new trendy e-coin, rather a new way to conduct business
I think the concept and the purpose is so nice, but it is so hard to achieve it...
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yingxue
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May 15, 2014, 01:30:22 PM |
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picking up momentum
keep going... yes, let us keep going and make the coin keep going....
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xinyichao
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May 15, 2014, 01:34:21 PM |
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search BTT , you can found someone quoted price only 0.5btc to build up a coin .lol
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platorin
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May 17, 2014, 11:31:14 AM |
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Not so smart using SHA-256 algo these days.
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MickGhee (OP)
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May 17, 2014, 04:06:44 PM |
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Not so smart using SHA-256 algo these days.
we are working on a myriad style coin, incorporating sha x11 thats still in the air we think this balance will make the coin more fair. I think Sha usage is undervalued and a pre existing(In terms of network speed) asset other developers quickly overlook. sha is secure difficult and little miners are all over. not to mention a lot of heavy hitters are deeply invested in the infrastructure. Im sure the above-mentioned are looking at this thread and hoping we pull it together.
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Last night, while you were sleeping. I fucked the system!
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MickGhee (OP)
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May 18, 2014, 12:26:33 AM |
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Will not fly. It's too difficult and large poject. Sorry bro i know how big it is but thats idea i have built several companies thgat everyone told me would fail and sold em both. This will be no different
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Last night, while you were sleeping. I fucked the system!
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KimJongUn
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May 20, 2014, 12:28:41 AM |
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so its just 6000 customers per day
Wow, yeah 6,000 customers per day. Just to make a "profit" of 2K per week (which assumes you have zero overhead.) Damn. Since you are a professional marketer, I'm sure you can tell me how much you have budgeted for customer acquisition costs, and where those funds are coming from.
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MickGhee (OP)
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May 20, 2014, 10:28:27 PM |
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so its just 6000 customers per day
Wow, yeah 6,000 customers per day. Just to make a "profit" of 2K per week (which assumes you have zero overhead.) Damn. Since you are a professional marketer, I'm sure you can tell me how much you have budgeted for customer acquisition costs, and where those funds are coming from. we plan on using 70% of the ipo for marketing. If we hit our goal of 30 btc or 12500 usd we would have about 9k to use for our initial marketing campaign the other 3500 would be used as cash reserves to process inital orders during the first few days as funds clear also the company would own the first(and only at that point) franchise processing 100 % of the volume ourselves, meaning we take 100% of the of the service fee so in actuality we would need only abt 11.2% of that figure roughly 625 customers a day we have abt 40 orders per hr so u got me (on days im not drawing boards) the wife (when she is not chasing the baby) and my idiot brother in law (when he is not hammered) so we need 200 0rders+ per shift with really no orders between 3 am pst and 10 am est (5am to 9am) local time so ur looking at one order roughly every 2 minutes i dont think we would immediately meet that target until apx 2-3 months granted a successful launch of coin (stability) and a favorable opinion in the eyes of miners and traders
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Last night, while you were sleeping. I fucked the system!
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MickGhee (OP)
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Activity: 1386
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Fucker of "the system"
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July 12, 2014, 01:12:06 AM |
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Last night, while you were sleeping. I fucked the system!
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