Quote from: Herp on September 28, 2013, 07:05:24 AM

Quote from: cryptocyprus on September 27, 2013, 09:30:55 PM

We would open up ourselves to more litigation risk, by having too many options, the scenario of "it wasn't clear" is a much stronger case when you have multiple and varying options. With just two options it is clear cut.

Time Based Wallets, hoard the coins for an agreed period of time and in return for the protection against negative movements and you get a percentage of any growth.

These "Time Based Wallets" sound interesting. Can you give more info about them? Also isn't this like a 3rd option?

Time based wallets are not one of the two instant access wallets.

There is more details in the prospectus surrounding these wallets, to summarize;

The buy 10,000 worth of Bitcoin and want to keep it locked away for anywhere between 6 - 60 months.
The will receive a percentage of any POTENTIAL growth, whilst we will protect them negative price movements.

Benefits to the customer:

No one can take their money without their permission.
They have the POTENTIAL to out perform the traditional banks offerings.
They know we are not trading with their coins.
All gains are tax free in Cyprus.

Benefits to Neo

We know those coins are not going to be dumped onto the market any time soon.
We know when those coins will become trade able again (if the customer decides they want to cash out at the end of the term).
We receive the remaining percentage of growth in exchange for taking the risk on negative price movements.