Quote from: shojayxt on May 26, 2015, 12:28:52 AM

Quote from: TrueAnon on May 25, 2015, 08:25:56 PM

Quote from: rakesh1_90 on May 25, 2015, 08:22:03 PM

Quote from: Bitstake on May 25, 2015, 03:26:04 PM

Please share it on facebook & twitter. Thanks!

https://twitter.com/Bitstake/status/602849197025538049
https://twitter.com/Bitstake/status/602841043873181696
https://twitter.com/DisruptAfrica/status/601632737280270336

Bitstake in the news
Disrupt Africa - May 22, 2015
Nigerias Bitstake builds on bitcoin remittance services

Disrupt Africa[ - May 25, 2015
5 African Bitcoin startups to watch

News BTC - May 25, 2015
BitStake Launches Financial Tools Atop Global Remittance Services

Lol, this is the paid website where the article was published!!! -- http://www.newsbtc.com/ ---lol!!! Grin

Why not on coin desk?

The scam begins again!!!

You've got serious issues friend...I seriously think you need to spend some time away from your PC, or at least the bitstake thread. Random FUD b.s. that makes no sense one way or the other just doesn't bring about anything for you or whatever the hell it is you're trying to accomplish by bringing this coin down. The work behind it is something real and if you actually spent the time to get invested and into slack/speak with the dev then you'd realize that. So if not, gtfo of here. Go bang on a real scamcoin like GRID or something...so many other scamcoins being manipulated out there yet you choose xbs, loser.

Please answer these questions. What is the purpose of this coin if the remittance service uses bitcoin? Why is this coin even needed? Why would someone exchange bitcoin for this coin to use a remittance service that supposedly already accepts bitcoin? If you can explain why there is even a need for this coin I would like to hear it. Why not just launch the remittance service, accept bitcoin, and be done with it? If it is a legitimate company that accepts bitcoin why are the people behind it bothering with this coin? Launch the remittance service, accept bitcoin, and collect fee's. It's a pretty simple concept.

Hey shojayxt, nice to see you back around here. You are at least respectful when you post and will have a dialogue when you state your concerns. But as I believe I have mentioned before to you...

Bitcoins POW is what limits it to just cover remittance payments. Any crypto can be used as such, its just sending value digitally. However, it makes sense to use bitcoin for this huge part of the business since it is by far the most established crypto (duh). But, POS allows the situation to change in terms of financial services that can be offered. (1) an interest bearing savings account. Using the coins you have to earn interest. Please if their is a mathematically safe way you could provide the service using bitcoin im sure you will have yourself a hell of a project you could start. (2) P2P lending. This one a case could be offered that bitcoin could be used to fill the role, however, POS still is a better option. Just staking part of the original loan amount can help with repayment, not to mention a loan based solely on the principle taken and being used for staking. Offering a POS coin with these two things you could start valuing the coin in terms of the amount being used for interest in savings accounts and the debt held in loans, how do you begin to value bitcoin?