CRYPTNEY- Bringing Crypto Currency to the Masses!

[MrWDunne]

A better question would be "how can I get around this" and that is something I can help with.

Well speak up.

He is probably going to suggest to use cryptofinance to handle fiat.

I do no think the company will offer this service for cheap and they may not be able to deliver what they promise.

No upfront capital required

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[RiverBoatBTC]

Do you have a web link for them? I can not find anything on them.

[AcoinL.L.C]

It would function as is, until we can build up momentum. Focusing on alt-coins that are pre-vetted for code security and owner fraud.
It will also take time to get the system in place to take the stored value cards, it will take a direct plug into the exchange to activate the stored value.
If we were to build a exchange from scratch it would have to be PCI compliant, with this one already having bank level security it would be another cost not incurred.

Except you can't umbrella under their license for WU/ACH etc.

No but that's what the MSB is for take CoinRNR for example

Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?

He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else.


Also, since you publish reports on people, can we see the report on YOU?

This was addressed already lol

I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential.

I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future.


While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange.
The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts.

Bex.io wants 25k liquid and they take 50%  off all profit  .

Don't get me wrong, you help out this community a lot with keeping security operators in line, but that line right there made me cringe. Your not shark tanking anything, your litterly funding something that might  happen exclusively with other people's money, thats not being shark tanked, thats you getting a 10BTC for free (Putting in effort to grow value of the business, which in turn grows your 10BTC share).

Here is the biggest reason this will fail:
Most people have no clue what bitcoin is. Not to mention dogecoin, methcoin, potcoin or other coins that frankly the public will never be interested in owning. Infact, methcoin / potcoin and other shitcoins make people not want to purchase bitcoin. Realistically, bitcoin, litecoin and other investor / customer friendly coins are the only ones that succeed. You won't be able to take this mainstream.

Even more realistically:
Even the most successful IPO's in cryptoworld don't sell out. You will be lucky to sell even 30%-40% of the 100k shares for sale. Your marketing budget will quickly be eaten, leaving a small operating budget as the revenue of this site is currently 0, with a small daily volume.


I wish you the best of luck, but I can't see this working

Its bringing it to the masses but targeted the average user. Want to see a segment not serviced? Look at local bitcoins and see how many people you will find that sell 25$ or 50$ dollars in coins.
The simple matter is if you can only buy bitcoin in large amounts at a time it creates resistance in the market place. Its all about finding the least path of resistance in the market place.

You do realize, that this site is currently operating at a loss? Even if they charged fees, the expenses are 5x what the income would be. Its ridiculous

[RiverBoatBTC]

I do, and the price we offer will reflect such. It lacks brand awareness how many people had heard of this exchange before today?

Distressed business can be turned around and made to be profitable, it just needs some work. I am willing to put in that work.

[AcoinL.L.C]

I do, and the price we offer will reflect such. It lacks brand awareness how many people had heard of this exchange before today?

Distressed business can be turned around and made to be profitable, it just needs some work. I am willing to put in that work.

Wish you the best of luck!

[MrWDunne]

Do you have a web link for them? I can not find anything on them.

Cryptocapital.co

[GT3000]

Well this thread is pretty ironic.

In any case, do you even have the necessary experience to run an enterprise such as this one? What makes you qualified to not only manage this security but essentially do what you purport.

Please do provide 3rd party references.

[AcoinL.L.C]

I do, and the price we offer will reflect such. It lacks brand awareness how many people had heard of this exchange before today?

Distressed business can be turned around and made to be profitable, it just needs some work. I am willing to put in that work.

They have over 1700 registered users with an ok marketing expenditure. At current volume thats less than .0001BTC of volume per user every day. I guarantee these users are trading at mintpal, Bter, cryptsy etc.

The idea of offering vouchers isn't unique either, crypto-trade offers vouchers (another altcoin exchange + real USD exchange), and there are BTC vouchers available to the public (multiple BTC voucher companies I believe) that people can than exchange at these sites.


Would you refund investors if the quota is not met? You need to sell at the very minimum 10% of these shares just to purchase the exchange, and if thats all that is raised (I don't think it would even hit that TBH) your taking a 10% cut for doing just about nothing.

[RiverBoatBTC]

I do, and the price we offer will reflect such. It lacks brand awareness how many people had heard of this exchange before today?

Distressed business can be turned around and made to be profitable, it just needs some work. I am willing to put in that work.

They have over 1700 registered users with an ok marketing expenditure. At current volume thats less than .0001BTC of volume per user every day. I guarantee these users are trading at mintpal, Bter, cryptsy etc.

The idea of offering vouchers isn't unique either, crypto-trade offers vouchers (another altcoin exchange + real USD exchange), and there are BTC vouchers available to the public (multiple BTC voucher companies I believe) that people can than exchange at these sites.


Would you refund investors if the quota is not met? You need to sell at the very minimum 10% of these shares just to purchase the exchange, and if thats all that is raised (I don't think it would even hit that TBH) your taking a 10% cut for doing just about nothing.

Yes, not only that we would place the funds in escrow and use a draw system for transparency.

[Nxtblg]

Interesting...do you have any plans to list Nxt-like coins, or are you going to stick to regular altcoins?

[RiverBoatBTC]

Interesting...do you have any plans to list Nxt-like coins, or are you going to stick to regular altcoins?

Every coin can be considered depending on the risk level, ex. script audit, IPO holder background.

[Nxtblg]

Interesting...do you have any plans to list Nxt-like coins, or are you going to stick to regular altcoins?

Every coin can be considered depending on the risk level, ex. script audit, IPO holder background.

Ok, thanks.

[RiverBoatBTC]

Do you have a web link for them? I can not find anything on them.

Cryptocapital.co

They have the same MSB I can get for free.... They also have made it look as if they are a precious metals dealer. Not sure the GOV is going to like that.
https://www.google.com/search?q=NICHOLS%2C+JUSTIN+A+10200+GANDY+BLVD.+N.+%23411+ST.+PETERSBURG%2C+FL+33702&oq=NICHOLS%2C+JUSTIN+A+10200+GANDY+BLVD.+N.+%23411+ST.+PETERSBURG%2C+FL+33702&aqs=chrome..69i57.1048j0j7&sourceid=chrome&es_sm=0&ie=UTF-8
 
One of the owners does have a criminal record but I do not see it of any importance to the company standings.

They are not a MST in the state they are registered to do business in, this is illegal if they are providing financial services. I know what they are going to say we are registered in Panama yadda yadda yadda.
Guess what Noreiga was the president and it did not stop the U.S. the owners and the LLC are out of FL.
I would start to question them if I was you about MTS # and how they plan to not get shut down by FL, banking commission.

[RiverBoatBTC]

Pre-IPO sale, bonus shares when purchased.

Buy 100 get 10 free.
Buy 1000 get 125 free.
Buy 10000 1500 free.

Limited to 15,000 shares of pre-purchase.

Message me for instructions on purchase.

[GT3000]

Still waiting on my answer(s).

[RiverBoatBTC]

Still waiting on my answer(s).

I would answer you, but I feel if I did it would not be good enough regardless. What type of evidence would you like? If your talking about identity type verification that is explained in the IPO.

[GT3000]

A little more information about your experience would be greatly helpful. Unfortunately, we have no way to verify the claim of experience. So veracity of the experience would be cool. Not trying to tear you a new asshole but you have to give a little to get a little. Writing three sentences that basically amounts to "I'm really good at financial stuff, trust me but not gonna post any sort of proof cause just trust me."

I suspect you see the issue, right?

[RiverBoatBTC]

A little more information about your experience would be greatly helpful. Unfortunately, we have no way to verify the claim of experience. So veracity of the experience would be cool. Not trying to tear you a new asshole but you have to give a little to get a little. Writing three sentences that basically amounts to "I'm really good at financial stuff, trust me but not gonna post any sort of proof cause just trust me."

I suspect you see the issue, right?

I am sorry it is not up to your standards, If you would like me to go through a work week and detail you ever skill I use I could certainly do that.

[GT3000]

Why did you delete TwentySeeventy's comment?

[RiverBoatBTC]

I will delete any off topic trolling type posts, keep it on topic and related I have no problem addressing it. But smart ass comments will be deleted.