Hmm, maybe I have missed something here ,but how concrete is the trace between the funds and this godaddy account?

What if the credit card info isn't tracked back to the stealer, but a collaborator?
You showed your hand before the funds are secured.

If we angle it from the POV that NXT can be used to fund anyone and anywhere in the world instantly then I think this is a good oppourtunity to showcase this.

Also in the future if anyone of these become UFC type professionals they could potentially bring in a lot of exposure for NXT and also explain how they use it for remittance to Malaysia etc. etc.

Definitely potential, as long as it's angled correctly to highlight NXTs functionality and we don't try to copy DOGEs "Let's donate just to get exposure".

Several reasons. Some simple, some complex and the result of long term progress in the background.
NXT is as active as you can get in terms of working on features, connections etc.
We are not fond of hype at all, we are busy making the best crypto-platform possible.

I will grant you that there have been guys making very innovative and interesting modifications to the Bitcoin protocol.
I would Counterparty is the one that is closest, but again it's tied to a dinosaur (in crypto timeline).
In *my* opinion NXT is the only complete new pioneer. Like I already disclaimed: I am obviously biased.

We definitely do not have anonymous transactions yet, but hopefully we will in the future

I'm biased, but so is everyone in this thread and you knew that so here's my thoughts:

DOGE was a fun experiment and a *great* contributor to the awareness campaign for cryptocurrencies. It's a great community and I got nothing but respect for what they accomplished.
*But* everyone knew that DOGE was a short term venture. It has lasted way longer than anyone expected, but the truth is that it is just another coin. A coin with great adoption, I will give it that, but ultimately there is nothing you can do with DOGE that you can't do with Bitcoin or Litecoin.

NXT is a paradigm shift. NXT allows you to trade assets, invest in IPOs, send encrypted messages, use aliases instead of complex adresses and it's non-inflationary and doesn't require any energy. And this is just the status *right now*, NXT has barely begun rolling out the features like Smart Contracts, Dividends and Options in the AE, DACs, Freemarketplace etc. and NXT is also looking into implementing anonymity.

NXT is the only serious pioneer since Bitcoin.

Yup! We're all about showcasing how cryptos can infact be used to form, fund and generate business.
The DEX is a nice usage of the blockchain technology!

If you plan on buying a large quantity PM one of us and we'll give you a discount

Hello !

Anyone here interested in being able to buy/sell domains with cryptocurrencies?
We're here to enable you to do just that.

DotsforBits is aiming to become a major player in the domain buy/sell, parking and appraisal market. We firmly believe we will achieve this through innovative solutions and marketing efforts.
Our vision and mission is to expand the usability of cryptocurrencies and bridge the cap between the first asset of the internet: domains and the cutting edge technology of the blockchain.

25% of DotsforBits is up for sale for investors (details in prospectus)!

We have selected a group of cryptocurrencies which has a proven trackrecord aswell as thriving communities which our business will accept both in IPO and in business.
If you've got a business idea or a project for a crypto, it is only right that you should be able to get setup with a domain without having to go via one of the old payment systems!

Our team consists of passionate crypto-activists, professional domainers, software developers, webdevelopers and designers. We want to establish a connection to the communities and give additional benefits and deals to the coins that help make this project a reality !

Here is a sneakpeak of what the site will look like:




The 25% equity is split into 1 000 000 shares, so 1 share guarantee you 0.000025% of DotsforBits.
The current prices:

Bitcoin 0.00114
LiteCoin 0.06
DarkCoin 0.06
DogeCoin 2085
NXT 15
BlackCoin 41
NameCoin 0.29
PeerCoin 0.33
 
Obviously if we don't sell all shares (we only *need* to sell 1/5th) then the remainding equity will be dispersed among the shareholders proportionate to their investment. So you can realistically expect to end up with a much bigger % of DotsforBits

FAQ: http://dotsforbits.com/DfB_FAQ.pdf

Ridiculous valuation. Care to elaborate further?
We have put 80 000 dollars as bare minimum goal that will still enable us to carry out the neccessities and major parts of the business plan.
I am not sure if you are familiar with extensive software coding like this project, but it ain't cheap. Then the day to day operations of the site for at least 3 months, then add design and lastly marketing and you should have no problem seeing why 80 000 dollars is a realistic minimum. We obviously do want to raise more like ~200 000 dollars as this would allow us to do everything we want in the business plan and give us a really good start, but like I said 80 000 dollars is minimum. If that number is reached then each shareholder gets several fold more shares than they invested at. I think this is one of the points that has gone by people and we accept our mistake in not highlighting this issue clearly.

Ridiculous IPO... Ok you are clearly allowed to have your subjective opinion, but you have yet to explain *why* you call this IPO ridiculous.
Is it that it's a long term serious investment for once and not a throw of the dice like most cryptoinvestments?
We've already raised ~12 000 dollars of our minimum 80 000 dollar goal with minimal promotion. It's first now that we got everything ready that we have begun promoting this IPO.
I really dislike people who just come to talk negatively without any constructive criticism whatsoever.
Give me some actual feedback or I will simply ignore your spam from now on.

What's with your attitude man?
We have this IPO on more forums + reddit. We have also recieved several domain offers and questions on PM over the last 24 hours.

That's obviously your choice This is a long term investment in a serious business, not a altcoin that you hope to see double overnight.
Either we raise the minimum or we don't. If we don't then everyone gets their money back anyway.

Hello!
Development, marketing and initial day to day operational costs of course.


Yes, we are building it ourselves, but we also hire in people to the tasks we are not professionals at.
 In the first months of operations we will have a 7 man staff that will obviously need wages.
Servers are just a tiny part of the costs. Design, branding and marketing is where the big costs come in. We are very confident in our product, but for the product to be used it needs aggressive marketing.

We do have a lot of this product done already, but it's codes. Do you read codes?

He obviously did it as a gimmick! He goes by his previous name in real life still. You have to understand that this is something he did during the height of the dotcom bubble when "dot com" was as much of a buzzword in the media as Bitcoin is today.
I don't see how having a little fun equals to mental illness, but I'm pretty sure you were just joking anyway.

He changed his name to .Com ;P that should tell you enough about how serious he is about domains. He has also written a book that he is going to publish on the subject. His software expertise will help immensly with our business and he has been working on a appraisal tool (has a lot of other useful functions too) that already blows all our competitors out of the water for years.

So anyway: back to topic

Let's hope for both our sakes that we are right and you are wrong
By the way, if you got some domains laying around that you don't have any big plans for, we have just launched a "Domains for Shares" promotion here: https://bitcointalk.org/index.php?topic=623393.0

Thanks, I forgot to mention one more crucial point:
These shares will be 100% tradable on the NXT DEX, so if any investor for some reason wants out, he can trade them there. So a significant portion of the risk is lowered by having that option too.

We are working hard on building the core business and have come a long way and decided to seek funding now to complete and make this a reality as soon as possible. But I respect your personal opinion.

We are going to apply to become a official registrar as soon as we start turning a nice profit. If this includes selling more shares, then so be it. We mention this in our business plan too. So we *do* plan on going all the way, but we have to take it in incremental steps. Gaping over too much at once is even more risk!

Hopefully you'll be a customer of ours in the future and the domain and crypto world keeps growing, which will be in both our interests

Could you please elaborate on what you mean by incomplete?
You mention some valid concerns in your post, but not really asking for much more details, so it's hard to know how to "complete it" to your satisfaction without further details.



Linkedin and NXT community involvement since it's inception should cover the first in terms of our crypto-involvement. We are all crypto-enthusiasts and all have been in the domain game for years, 2 professionally.

The valuation is based on several different factors, but I can understand your skepticism, so I'll do my best to shed some additional light on it:

Firstly we are getting funded entirely by cryptocurrencies, so as you probably know even if we raise the total amount it will still carry a big risk until we sell it through the exchanges. By then the value of either of these cryptos can have sunk significantly, so this risk is calculated into the sum we hope to raise. Pretty much every other IPO ever conducted has not had to worry about this, so it's a completely new element. But that comes with the territory of being innovative in a new and emergent market. A challenge which we accept.

Secondly, we are not just going to sell some domains. We are aiming to be a serious contender on the domain marketplace, parking and appraisal scene. Since you are already very familiar with the selling part I am a bit puzzled as to why you find it hard to believe that such a business will be worth 1 million dollars? Add parking and the appraisal business and the 1 million dollar evaluation suddenly don't seem to be a lot at all.

Thirdly, we are the absolute first serious company in this market that will accept all the major cryptocurrencies. This market alone is huge and continues to grow weekly. Having first mover advantage and branding/marketing here is a big deal.
This is also why it is so important to us to have a good and genuine relationship to the cryptocurrency scene. We donated NXT.org (bought for 15 000 dollars) and had it developed, just to help out the community. This sort of relationship is not something one can easily purchase. We have put months upon months into crypto activism.

Also regarding software, we do have software started and infact our appraisal tools are completely cutting edge and unlike anything in the domain game yet. It has been under development for years. But as you probably know, development and marketing cost money. Quite a lot of money. And as the numbers show: a significant sum of this will go directly to transfer-repository fees.


I think you should go back and re-read the plan, the $300m number is only one of the variant projections.
We have a conservative one, realistic one and optimistic one.
Conservative for 2018: 7.9 million, realistic ~100million (if everything goes smooth and the domain market keeps growing at a steady rate, as experts and all available numbers suggest) and then 250 million or the optimistic one.


Everyone is allowed to have their own opinions, but please read the full business plan and see the actual numbers before latching onto one tidbit and try to denounce our entire efforts based on that out of context.


Would never ever moderate anyones post in any shape way or form. I am happy to answer all questions you might have and don't mind at all that you raise your valid concerns. It's good to settle them and hopefully provide you with satisfactory answers!


Even with the very conservative estimate people are looking at more than 40x ROI. Of course there is going to be risk, but nothing comparative to the risk of dealing with altcoins in the first place.
We are trying to build a serious business based around this and think everyone understands that there is inherent risk in any investment, but we are also confident that our business plans and answers will make it easy for people to make up their own minds.


Tens of thousands and hundreds upon hundreds of hours of work. Not sure what would satisfy you as financial proof.


Thanks! I hope you find my answers clarify some of your concerns.

Why are we raising money? The business plan describes this in painstaking detail.
Opening up a domain market is far from free, all the math is in there for you to confirm

We are trying to improve the domainmarket trade, yes, current fees are ridiculously high and noone accept the major cryptocurrencies. With the growth of cryptos we see a huge untapped market here.

DotsforBits is proud to announce our “Domains for Shares” initiative. We see people try to sell their domains here and in all the different forums and subreddits every day and know that a lot of the people in cryptos also dabble in domains. We are building a domain repository for the launch of DotsforBits and will offer up shares in our company in return for domains.

So if you have any domains you want to trade for shares, just list them below and we will contact you and negotiate a deal that both parties is completely satisfied with.
These domains do not have to be crypto-related, DfB will sell *all* kinds of domains in our marketplace.

All details about DotsforBits and our IPO can be found at: https://bitcointalk.org/index.php?topic=622786.0