Quote from: MintSpare on January 31, 2014, 07:32:33 PM

Let me level with everyone.

Almost any investment has risks involved including Mintspare. To top it off, Mintspare's business model will operate almost solely on bitcoin at all times - the risks involved are enormous! That being said, you can't have great reward without great risk. My vision is that Mintspare could be the gateway for thousands and/or millions of people around the world to have access to their very first bitcoins/crypto-currency. We hope to become the standard.

I've invested roughly 40 bitcoins of my own personal funds in Mintspare so far. That doesn't include the 12+ hour days and sometimes sleepless nights of time and effort I have contributed over the past couple of months to make sure I can deliver a successful service. I will not be paying myself back my personal funds spent until Mintspare has paid out 0.005 BTC per share to investors first. My yearly salary consists of only $1. I want everyone to know I'm in this for the long haul.

As for the companys valuation, it was derived from a variety of factors: the current trade-in industry market value in the United States (this is just one country - we hope to grow to a worldwide service), bitcoins expected growth in 2014 and beyond, Mintspare's unique and refreshing ease of use - you can have your electronics shipped to us in just three easy steps and upon arrival you receive your funds in minutes, not days. Additional revenue streams that are already identified will be introduced and realized later on throughout the maturity of Mintspare. Innovative back-end hedging processes are in place to protect the business in times of significant upward or downward volatility. Furthermore, we will be the "first to market" to offer this service for bitcoin which we will use to our advantage to become a brand name that stands out from future competitors.

Weve got great news with respect to our launch: the website is complete but it would be a disservice to stakeholders if we launched today. A first impression is everything in the bitcoin world and especially to skeptical consumers, so well be hard at work doing some final verifications and bug hunting today and throughout the weekend so we can launch on Monday, February 3rd!

Whether the terms of the IPO prospectus are favorable or not is your rightful opinion. I will always place investors interests before mine - I want to reward those who believed and contributed to Mintspare. Let me be clear: these words mean nothing without actions to back them up. As a matter of fact, all these paragraphs are worthless without any actions to back them up. Actions speak louder than words. I could type on this thread around the clock but at the end of the day, thats not what moves Mintspare forward.

I look forward to launching a successful website in the coming days along with a top notch customer service experience so Mintspare can deliver maximum shareholder value back to those who believed in Mintspares business model throughout this journey.

Sincerely,
Galfry
Founder & CEO, Mintspare

You may have good intentions, but your valuation is totally out of wack. In my opinion EVERYONE and ANYONE who invests in this will lose 100% of their money, not because the business model wont work (although I think it would be tough as hell to pull off) but because the guys (YOU) behind the business model wont be able to pull this off.

Its a very dangerous game buying iphones and such with btc to then sell the iphones and such for fiat or bitcoin and try to make profit in there as well.

We all know the next few months will be a roller coaster of a ride, big banks will be throwing mega money into BTC, infrastructure is being built, ETF"S ect.

Anyways, You may have good intentions but good intentions are just that, INTENTIONS!