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Crypto-in-tha-blood
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October 14, 2014, 03:31:07 PM |
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This is honestly way more than I expected. From what I am understanding and correct me if I'm wrong, the more we utilize the network for different services, the more valuable it gets via the burned coins? Hello, and thank you for taking the time to ask us questions. Yes, the more the network is used for productivity, the more valuable the network becomes and the more profitable it becomes for the end users. A future paper will release explaining the algorithms which dictate this structure in full detail. For now we are concentrating on releasing the IOS staking wallet, our SDDNS module and a new yet to be announced technological feature  Thank you, -BitSwift Community Manager Fucking rad! |
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wxman
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Activity: 84
Merit: 10
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October 14, 2014, 03:54:18 PM |
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This is honestly way more than I expected. From what I am understanding and correct me if I'm wrong, the more we utilize the network for different services, the more valuable it gets via the burned coins? Hello, and thank you for taking the time to ask us questions. Yes, the more the network is used for productivity, the more valuable the network becomes and the more profitable it becomes for the end users. A future paper will release explaining the algorithms which dictate this structure in full detail. For now we are concentrating on releasing the IOS staking wallet, our SDDNS module and a new yet to be announced technological feature Thank you, -BitSwift Community Manager Fucking rad! feature? This just keeps getting better and better! |
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youngmike
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October 14, 2014, 04:50:37 PM |
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Why we stagnating?  |
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chicken65
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October 14, 2014, 05:53:16 PM |
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Hello Community, As promised, here is our business plan for our Autonomous Network (BitSwift) https://mega.co.nz/#!LhMUkIIY!Pas498wy5LDIoNFzsUohJSgWexPWQSZsXT9EEx6rT7U thank you, BitSwift Team Superb stuff! A coin that genuinely has real world applications particularly in the business community. Anyone who thinks this coin was just a profit and run thing should read all the stuff the devs have prepared. This coin is serious stuff!  Go Swift - Build it and they will come!!  |
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Confirm01
Member
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Activity: 89
Merit: 10
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October 14, 2014, 06:34:06 PM
Last edit: October 14, 2014, 07:25:59 PM by Confirm01 |
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I think its very good that you have a business plan! After reading it, I do have to say that we are missing some vital information. Your market analyse is very little and unclear how you would fit bitswift into the current market. Also you don't compare yourself to others (or what ever looks the must alike) this is a essential part of a business plan. Are others successful or did they make mistakes: Strengths, weak, opportunities and threads Financially details, well to be simple, there aren't any, just to make things clear, this is the must essential part of you business plan. For example, you don't explain how you will use your ICO funds and what you can expect from it. Example *Spend 20000$ on commercials and expect 500 new customers buying 50k bitswift and price will go up 20%.* What are your expectations, where do you want bitswift to be in 1 year -2year -3year etc. I personally thought you would start selling your modules to companies/organisations or promote them in some way that people feel the need to use bitswift. How is it different from other coins, where is the real added value and how will you bring it to the main stream. What will it cost to do so and what's is your expectations. Please don't see this as fud, I do have bitswift in my portfolio and am just pointing out the gabs in your plan so you can make it stronger. |
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NotAwrestler
Newbie
Offline
Activity: 2
Merit: 0
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October 14, 2014, 07:03:28 PM |
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I think its very good that you have a business plan! After reading it, I do have to say that we are missing some vital information. Your market analyse is very little and unclear how you would fit bitswift into the current market. Also you don't compare yourself to others (or what ever looks the must alike) this is a essentially part of a business plan. Are others successful or did they make mistakes: Strengths, weak, opportunities and threads Financially details, well to be simple, there aren't any, just to make things clear, this is the must essentially part of you business plan. For example, you don't explain how you will use your ICO funds and what you can expect from it. Example *Spend 20000$ on commercials and expect 500 new customers buying 50k bitswift and price will go up 20%.* What are your expectations, where do you want bitswift to be in 1 year -2year -3year etc. I personally thought you would start selling your modules to companies/organisations or promote them in some way that people feel the need to use bitswift. How is it different from other coins, where is the real added value and how will you bring it to the main stream. What will it cost to do so and what's is your expectations. Please don't see this as fud, I do have bitswift in my portfolio and am just pointing out the gabs in your plan so you can make it stronger. I don't think this is fud, these are good points. I'm also invested in BitSwift and this proof of business plan is a great start in a more professional crypto-future. I expect the BitSwift-team to explain more about their different projects as we keep going, but the status quo is pretty rad. How many coins do you know that have such a big service-spectrum and are this undervalued right now? Keep em coming, BitSwift team! |
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whitegold15
Newbie
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Activity: 57
Merit: 0
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October 15, 2014, 06:27:37 AM |
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Looks like we're taking off again boys! The moon is visible from here  |
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threecats
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October 15, 2014, 06:45:08 AM |
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Interesting, that is a well thought out business plan. Not sure if anyone really noticed, but the burn feature ensures that BitSwift scarcity will increase over time as its use rises. This is an excellent value proposition for investors, especially as one is not required to shift coins (like VIA's attempt at the same idea). So a 5 million count modular coin with built in burn towards scarcity. Sweet!
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whitegold15
Newbie
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Activity: 57
Merit: 0
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October 15, 2014, 06:58:04 AM |
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All of us BitSwift supporters need to spread the word about this coin, keeping quiet about it will not help its cause. Share the news in the chatrooms across the various exchanges and through any other social media outlets. I know I will be doing so. Let's go guys!!! we can do this!
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LordHaylar
Newbie
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Activity: 42
Merit: 0
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October 15, 2014, 07:43:53 AM |
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Looks like we're taking off again boys! The moon is visible from here This is an acquire and hold coin, don't expect the moon overnight. This coin has a roadmap and plan for real world value and will have steady and profitable growth. Go BitSwift! |
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CoinBateman
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October 15, 2014, 09:51:38 AM |
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Looks like we're taking off again boys! The moon is visible from here This is an acquire and hold coin, don't expect the moon overnight. This coin has a roadmap and plan for real world value and will have steady and profitable growth. Go BitSwift! Well said. I have swift in my portfolio also, and I'm much more confident in purchasing more when we can see gentle price gains. If / when the features start rolling out one by one, we'll definitely see more and more traction. But, as you know, the best investors bite the bullet and buy it early before everyone else does. |
@CoinBateman | Killer Crypto Instinct
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Sons_of_Crypto
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October 15, 2014, 01:09:20 PM |
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All of us BitSwift supporters need to spread the word about this coin, keeping quiet about it will not help its cause. Share the news in the chatrooms across the various exchanges and through any other social media outlets. I know I will be doing so. Let's go guys!!! we can do this!
Yeah, liking what I see on twitter, hoping more articles come out soon on this coin!! |
***Whale watching***
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erwin45
Member
Offline
Activity: 70
Merit: 10
★Bitin.io★ - Instant Exchange
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October 15, 2014, 01:15:04 PM |
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nice one, i thought this coin gonna go down, but oh well guess i was wrong  |
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wxman
Member
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Activity: 84
Merit: 10
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October 15, 2014, 02:04:10 PM |
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Interesting, that is a well thought out business plan. Not sure if anyone really noticed, but the burn feature ensures that BitSwift scarcity will increase over time as its use rises. This is an excellent value proposition for investors, especially as one is not required to shift coins (like VIA's attempt at the same idea). So a 5 million count modular coin with built in burn towards scarcity. Sweet!
Exactly. There are so many good ideas in the whitepapers it's insane. This coin takes Satoshi's block chain and uses it to build products. It's similar to what Ethereum is doing. Except instead of having to buy into a bazillion btc IPO and waiting 2 years for any real development, you could have gotten in for 8000 satoshis and have products built in a few weeks to months. With bitcoin's rise in price, I expect this coin to reach well over $1 per coin in the coming months. When bitcoin reaches between $500-600 USD, that puts SWIFT between 150k and 200k sats in price. I think that's easily attainable when just a few of the products listed are released. If everything is released, then it could easily break several dollars a coin. Which means if you get in now, you're looking at 10-20x returns. |
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Sons_of_Crypto
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October 15, 2014, 02:13:25 PM |
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Interesting, that is a well thought out business plan. Not sure if anyone really noticed, but the burn feature ensures that BitSwift scarcity will increase over time as its use rises. This is an excellent value proposition for investors, especially as one is not required to shift coins (like VIA's attempt at the same idea). So a 5 million count modular coin with built in burn towards scarcity. Sweet!
Exactly. There are so many good ideas in the whitepapers it's insane. This coin takes Satoshi's block chain and uses it to build products. It's similar to what Ethereum is doing. Except instead of having to buy into a bazillion btc IPO and waiting 2 years for any real development, you could have gotten in for 8000 satoshis and have products built in a few weeks to months. With bitcoin's rise in price, I expect this coin to reach well over $1 per coin in the coming months. When bitcoin reaches between $500-600 USD, that puts SWIFT between 150k and 200k sats in price. I think that's easily attainable when just a few of the products listed are released. If everything is released, then it could easily break several dollars a coin. Which means if you get in now, you're looking at 10-20x returns.  |
***Whale watching***
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bobo418
Newbie
Offline
Activity: 45
Merit: 0
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October 15, 2014, 02:26:25 PM |
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Will SDDNS allow you to give human-readable names to objects as well as people? I mean could I call an object my_color_printer or 1st_floor_fridge or something? There are some obviously killer crypto applications that would become very easy to implemement if this is the case. internet-of-things kind of comes to mind.
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Crypto-in-tha-blood
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October 15, 2014, 02:30:51 PM |
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Interesting, that is a well thought out business plan. Not sure if anyone really noticed, but the burn feature ensures that BitSwift scarcity will increase over time as its use rises. This is an excellent value proposition for investors, especially as one is not required to shift coins (like VIA's attempt at the same idea). So a 5 million count modular coin with built in burn towards scarcity. Sweet!
Exactly. There are so many good ideas in the whitepapers it's insane. This coin takes Satoshi's block chain and uses it to build products. It's similar to what Ethereum is doing. Except instead of having to buy into a bazillion btc IPO and waiting 2 years for any real development, you could have gotten in for 8000 satoshis and have products built in a few weeks to months. With bitcoin's rise in price, I expect this coin to reach well over $1 per coin in the coming months. When bitcoin reaches between $500-600 USD, that puts SWIFT between 150k and 200k sats in price. I think that's easily attainable when just a few of the products listed are released. If everything is released, then it could easily break several dollars a coin. Which means if you get in now, you're looking at 10-20x returns. Man that would be something. |
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BitSwift (OP)
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October 15, 2014, 03:32:52 PM |
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Will SDDNS allow you to give human-readable names to objects as well as people? I mean could I call an object my_color_printer or 1st_floor_fridge or something? There are some obviously killer crypto applications that would become very easy to implemement if this is the case. internet-of-things kind of comes to mind.
Yes, just as the Internet Domain Name System (DNS) assigns domain names to IP addresses our SDDNS system will allow users to dynamically assign names of people and objects to BitSwift addresses. You may for instance claim "YourName = b322329hj3213n2o13nm12on21p309" or "ThisObject=B23non2i31djsxyz12390fj9023jrj2930j" The SDDNS module will not be enforced, so those users who wish to run without a "Digital Identity" can still transmit SWIFT without requiring to register any identities. We are implementing a Proof of Existence (Proof of Document) module soon (in next wallet release), which will allow you in the future to then Create a Digital Identity for yourself, as well as bind that the Digital Identity directly to your physical identity via proof of document. Perhaps you own a vehicle, and so you wish to assign an identity to that vehicle, and to proove your ownership you use proof of existence to bind the ownership to your digital identity. Further, reputation systems can be built on top of Digital Identities and those Reputations (SwiftRep) could be utilized outside of the BitSwift network (for instance maybe on your EBays seller page or Facebook profile) All of these are possibilities with BitSwift - we are building a distributed network for you. Thank you -BitSwift Management |
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