Post
Topic
Board Securities
Re: [HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread
by
freedomno1
on 06/01/2014, 22:42:07 UTC
Model seems viable so under observation the bitcoin value rising up significantly is an interesting factor when building a Bitcoin Based Trading service.

Some models see it at 10K-50K this year from the current 1K so my question is does Mintspare believe that they can convert the assets they receive for a profit greater than potential increases in the Bitcoin currency itself, including the time it takes to ship an asset to the location in question as we do see rapid rises in currency during some periods. A small part will be kept in dollars for upcoming dollar based expenses.

The vast majority (98%+) of our bankroll will be kept in Bitcoin is a great idea, but extending on that is it possible to have an observing address for the bankroll, there should be no security issues with doing so and keeps transparency in the Bitcoin assets to back up the items held in inventory.

Other than that I like the model as it is a proven model, salvage and redistribution is a large industry, my major concern is the increases in bitcoin value exceeding the value of the electronics traded in over the same duration, although reading your prospectus I do see you have planned proper mitigation steps to avoid that issue.

I presume it is too early to ask what is your turnover rate on electronic goods so I will reserve this question for when sales start occurring.

Interesting business and best of luck, we do need more business in the Bitcoin sphere as it helps to grow the digital economy, whether it is going to grow faster than Bitcoin growth well this will be where testing the concept will kick in.