Quote from: richard_dein on September 16, 2013, 02:45:43 PM

Just an opinion.

Bank of Cyprus had a market cap of only two magnitudes above the IPVO price, while having a large market share and dipping into a much larger range of businesses.

The opportunity is the mistrust of the Cypriots against their current banking system, but Bitcoin would sound equally shady to a lot of them. Mass adoption of Bitcoin could also expose Cyprus to external manipulation, so there is a risk that the grand plan would backfire. Moreover, remember Cyprus is a small country with ~1 million people, who are current having trouble spending money - expect much less consumer activity than your "usual" developed country, and note that a large part of this business revolve around consumer services.

Neo & Bee will at best grow just like an average start-up of its kind, probably even slower in its valuation in terms of Bitcoins. Nonetheless this can be seen as a worthwhile venture. If you believe in this startup, you should look away from the Bitcoin share price and focus on how it strengthens the Bitcoin economy. Basically, see it as a donation to help the rest of your Bitcoins rise. Good luck.

Thank you for the insightful post, The Bank of Cyprus market cap took some serious damage when they and the bank that was force-ably merged with them, had to levy 47.5% of deposits from the Bank of Cyprus customers that held more than 100k with them and Laiki customers lost everything over 100k, it is not the inability to spend money that is an ongoing issue, it is the broken trust that is of the biggest concern for Cypriot people. We are going to be addressing that broken trust, by telling people to let us gain their trust, we also have respected people in the Media willing to explain the technical aspects of Bitcoin and why we can deliver what we promise to do (Unable to take customers money without their consent) to their readers. Many people have vast sums of money hidden under the mattress because of this broken trust.

We will also be adding more revenue streams in the near future, to ensure that we can grow at a sustainable rate.