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BitsendInc (OP)
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July 29, 2014, 10:20:37 AM
Last edit: October 30, 2014, 07:16:37 AM by BitsendInc |
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BitsendInc (OP)
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July 29, 2014, 10:28:13 AM
Last edit: November 15, 2014, 06:50:08 AM by BitsendInc |
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exoton
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July 29, 2014, 10:38:05 AM |
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sound very nice , i will mine this  |
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Pala_00
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July 29, 2014, 10:44:03 AM |
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wow
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profitofthegods
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July 29, 2014, 10:56:35 AM |
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That's actually a really nice idea. Its unique and fun and actually gives the coin a reason to exist for regular users. I remain to be convinced that buying into the IPO would be a good idea though.
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edu91
Member
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Activity: 94
Merit: 10
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July 29, 2014, 11:16:25 AM |
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This project actually looks good but 40k sat per coin is a LOT regardless of how slow mining is. I'd say 8k-10k would be a lot more reasonable for an initial offering.
Also Bitsend is a reputable site, can anyone confirm that this project is indeed backed by Bitsend?
I'll be watching this thread.
Just did some research. I'm conviced..in fact i just got off the phone with one of their devs. Their phone number is on the website. OK maybe short term the price is pretty high. But they are able to pull this off this coin will go sky high. Seems to me this is the first time a currency is actually backed up by a real company. Also checked https://twitter.com/bitsendnl/status/494077779269672960 to confirm it is infact a project by Bitsend. Just invested 1 BTC myself. GL to all investors |
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profitofthegods
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July 29, 2014, 11:33:17 AM |
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Suggestions for your FAQ:
Does the IPO last until all the coins you plan to sell have been sold out? I don't see any time limit.
What stage are you at with development, and what do you expect to have ready by the start of phase 2?
Any further information about Bitsend? (I don't speak flemmish or whatever language the site is in).
Any more specifics on what your 'patent pending' is for?
This seems like it would be much more profitable to mine that to buy, if I'm wrong then why?
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mishax1
Legendary
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Activity: 2898
Merit: 1017
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July 29, 2014, 11:45:16 AM |
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Okay, so it seems there was a typo in their IPO form.
I have just placed an order for 1 BTC and received a confirmation email saying I ordered 25000 checkcoins. I decided to call them and ask what was wrong and they informed me that the price per checkcoin is 4000 sats. It seems that there was a typo on their IPO order form
Not so expensive afterall!
Proof or gtfo. |
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BitsendInc (OP)
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July 29, 2014, 11:50:52 AM |
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Suggestions for your FAQ:
Does the IPO last until all the coins you plan to sell have been sold out? I don't see any time limit.
What stage are you at with development, and what do you expect to have ready by the start of phase 2?
Any further information about Bitsend? (I don't speak flemmish or whatever language the site is in).
Any more specifics on what your 'patent pending' is for?
This seems like it would be much more profitable to mine that to buy, if I'm wrong then why?
Thank you for your interest in BitSend and project Checkcoin. We will make sure to update our FAQ post asap. It seems that there was a typo on our website (IPO form) stating 1 Checkcoin = 40000 satoshi. We have just uploaded our form to display the correct price. For the record 1 Checkcoin = 4000 satoshi. |
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edu91
Member
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Activity: 94
Merit: 10
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July 29, 2014, 11:52:27 AM |
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Okay, so it seems there was a typo in their IPO form.
I have just placed an order for 1 BTC and received a confirmation email saying I ordered 25000 checkcoins. I decided to call them and ask what was wrong and they informed me that the price per checkcoin is 4000 sats. It seems that there was a typo on their IPO order form
Not so expensive afterall!
Proof or gtfo. Why always so much hate on this forums... -_- https://blockchain.info/address/198LULFAAUMaWRqTZZEDUwAjXEPCii8ePx |
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mishax1
Legendary
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Activity: 2898
Merit: 1017
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July 29, 2014, 11:58:51 AM |
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Okay, so it seems there was a typo in their IPO form.
I have just placed an order for 1 BTC and received a confirmation email saying I ordered 25000 checkcoins. I decided to call them and ask what was wrong and they informed me that the price per checkcoin is 4000 sats. It seems that there was a typo on their IPO order form
Not so expensive afterall!
Proof or gtfo. Why always so much hate on this forums... -_- https://blockchain.info/address/198LULFAAUMaWRqTZZEDUwAjXEPCii8ePxThanks, BitsendInc already answered it. But I have another question.. @BitsendIncSince there's an easy app that allows you to fix your GPS location on your mobile to actually be "located" anywhere in the world, what is your plan to deal with that problem ? |
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BitsendInc (OP)
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July 29, 2014, 12:12:45 PM |
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Okay, so it seems there was a typo in their IPO form.
I have just placed an order for 1 BTC and received a confirmation email saying I ordered 25000 checkcoins. I decided to call them and ask what was wrong and they informed me that the price per checkcoin is 4000 sats. It seems that there was a typo on their IPO order form
Not so expensive afterall!
Proof or gtfo. Why always so much hate on this forums... -_- https://blockchain.info/address/198LULFAAUMaWRqTZZEDUwAjXEPCii8ePxThanks, BitsendInc already answered it. But I have another question.. @BitsendIncSince there's an easy app that allows you to fix your GPS location on your mobile to actually be "located" anywhere in the world, what is your plan to deal with that problem ? This is one of the first problems we encountered aswell. To prevent what we call "GPS Spoofing" we use a system called a-GPS where a users location is verified using cell towers and GPRS nearby. If we happened to know the general location of cell towers, we can check to see if the current cell tower matches the location given (within an error margin of something large, like 10 or more miles). For example, if our app unlocks checkcoins if the user is in a specific location (your store, for example), we could check GPS, GPRS as well as cell towers. Currently, no GPS spoofing app also spoofs the cell towers, so we could easily see if someone across the country is simply trying to spoof their way into a checkpoint. |
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mishax1
Legendary
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Activity: 2898
Merit: 1017
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July 29, 2014, 12:19:53 PM
Last edit: July 29, 2014, 12:30:19 PM by mishax1 |
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This is one of the first problems we encountered aswell. To prevent what we call "GPS Spoofing" we use a system called a-GPS where a users location is verified using cell towers and GPRS nearby. If we happened to know the general location of cell towers, we can check to see if the current cell tower matches the location given (within an error margin of something large, like 10 or more miles). For example, if our app unlocks checkcoins if the user is in a specific location (your store, for example), we could check GPS, GPRS as well as cell towers. Currently, no GPS spoofing app also spoofs the cell towers, so we could easily see if someone across the country is simply trying to spoof their way into a checkpoint. Good, do you have any work in progress on that ? And another question, what is the minimum investment amount ? I can't seem to input a lower figure than 1BTC.. |
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BitsendInc (OP)
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July 29, 2014, 12:33:50 PM |
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This is one of the first problems we encountered aswell. To prevent what we call "GPS Spoofing" we use a system called a-GPS where a users location is verified using cell towers and GPRS nearby. If we happened to know the general location of cell towers, we can check to see if the current cell tower matches the location given (within an error margin of something large, like 10 or more miles). For example, if our app unlocks checkcoins if the user is in a specific location (your store, for example), we could check GPS, GPRS as well as cell towers. Currently, no GPS spoofing app also spoofs the cell towers, so we could easily see if someone across the country is simply trying to spoof their way into a checkpoint. Good, do you have any work in progress on that ? And another question, what is the minimum investment amount ? I can't seem to input a lower figure than 1BTC.. Yes. We are already working with multiple parties who have succesfully used these technologies. Part of our IPO will enable us to implement these technologies into our current software. We have not set any minimum amount for our investors. You should be able to invest less then 1 BTC if you wish to do so. |
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mishax1
Legendary
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Activity: 2898
Merit: 1017
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July 29, 2014, 01:09:05 PM |
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^ Can't put a dot ( . ) in Chrome
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Broemer
Newbie
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Activity: 6
Merit: 0
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July 29, 2014, 01:14:49 PM |
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^ Can't put a dot ( . ) in Chrome
Just save the PDF on your computer and save it from there. That's what I did. Or you could try a comma ( , )? I'm sure they will understand what you meant. :p Edit: Maybe this is something for the FAQ? |
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ObscureBean
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Activity: 1148
Merit: 1000
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July 29, 2014, 01:25:27 PM |
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Ok, I've just emailed the form to the address provided I'm not buying a lot of coins but I needed to get at least a few. There is a real company backing this project and I have a feeling this could get real big. Good luck to all those investing |
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fastminer
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July 29, 2014, 01:41:21 PM |
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5600btc lol what a joke should be a 56btc ipo
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Broemer
Newbie
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Activity: 6
Merit: 0
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July 29, 2014, 02:11:44 PM |
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5600btc lol what a joke should be a 56btc ipo
Its not 5600, price is 4000 satoshi this is aswesome!! gonna place my checkpoints at Area 51, I double dare you to get it!! Awesome project ! Can change everything we do in the real world! If this succeeds it will be very big. i can imagine facebook buying this concept lol So that would mean 560 BTC IPO. I've seen higher IPO's succeed with less vision than this. OMG that's genious. They could let businesses set up and pay for checkcoin deposits and let Facebook user check in to receive it. @BitsendInc, is Facebook a party you're in contact with? Must be. Who else can use this tech more than them?! With this in mind.. in my opinion they could've gone for the 5600BTC IPO. |
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profitofthegods
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July 29, 2014, 02:14:12 PM |
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this is aswesome!! gonna place my checkpoints at Area 51, I double dare you to get it!!
Lol, it could certainly make for some interesting challenges. |
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