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Bit-Talk Newsletter Edition 70
We're All About Bitcoin
Please encourage everyone you know who is interested in Bitcoin and cryptocurrencies to subscribe to this newsletter - I will do all I can to keep you all "informed".
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Amazing to think that this is number 70 in the Bit-Talk service, and there is a lot to share in this issue. So much in fact that one concern is that I have maybe not covered some very important information. Another is that this gets a little bit long.
The big news is the detail on the Coinpay free share (token) giveaway from Bitclub Network and I am going to copy the detail direct from their latest news bulletin so you have it all. In fact, their latest 2 bulletins are copied below.
But before we get to that...
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Can Bitcoin Hit $1,000 Before Year End?
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| Well, why not? It currently sits at $974 so with 3 days to go (including today) it wouldn't take too much more of a push to break the magic barrier. Psychologically speaking there is just something about seeing Bitcoin weigh in at $1,000, that appeals in a special way.
I always believed that it would hit serious levels of value (and I still think there is much more to come) but I didn't really, honestly, think I would would be watching it knock on the doors of $1,000 within a two-year period of my entry into Bitclub.
It is an amazing thing to me, when I choose to think about it, that there are people in Bitclub Network (and generally in the world of Bitcoin) that still do not believe that they are sitting on the biggest opportunity of all time.
There are people chasing after every new digital currency that comes on to the market believing that IT will outperform Bitcoin. It is Magpie like as they chase the next shiny object. Of course some well connected people may be doing it as they are then able to garner new fortunes from each jump but I find those that follow them strangely confusing.
And I would refer them to the following very famous sermon given, reputedly, over 6,100 times in the late 1800's by one Minister Russell Herman Conwell (and a story often times repeated by others), regarding Acres Of Diamonds.
If you know the story, feel free to skip.
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| | I am only going to paraphrase the entire story here but, in essence, it concerned a farmer who became obsessed with the idea that there were fortunes to be made in diamonds.
It seems that everything the farmer read suggested that everyone in the country (apart from him) was coming into a fortune by going off to find diamonds. Farming was a tough living and he was convinced that, if he didn't act soon to find his fortune, he would die a poor and miserable old man. And so he acted and put up his farm for sale in the absolute belief that by moving on he would find his fortune in diamonds..
A buyer was found for his very large farm and our man went off in search of diamonds and his fortune and another took possession of the farm.
The new owner, whilst out walking his newly acquired acres of farmland, came across a small river bed and a sparkle caught his eye from beneath the trickling stream. He bent down to investigate and pulled out a rock that he could just fit in the palm of his hand and admired the thing for a while. There was something about it, he wasn't sure what it was, but he decided to take it back to the farmhouse.
Soon the discovery was all but forgotten and the rock sat on his mantle piece for a years to come until, one day, a visitor to his home saw the rock, picked it up and gasped when he studied it. He spoke to the farmer and revealed that what he had, sat upon his mantle piece, was without a doubt the largest uncut diamond the visitor (who knew something of diamonds) had ever seen. He suggested that the rock could be worth a fortune.
The visitor was right. Upon further investigation the farmer discovered that the one uncut diamond, found in the river bed was worth multiple times more than the value of the farm that he had purchased several years before. What's more, the entire river bed area of the farm was littered with diamonds.
The original farmer who felt the need to sell up and move on from what he owned was sat on the biggest diamond fields ever discovered. He had literally been sat on acres of diamonds when he sold up to seek his fortune. And sadly, in the end, he died a poor and broken man.
An extreme and colourful story for sure, but one containing a clear message. Before you go off to discover the next great business opportunity, be sure that you aren't already sitting on it!
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Bitclub Nwes: NEW CoinPay Digital Token - A MUST READ!
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| New CoinPay Token Giveaway Begins Jan 1st
CoinPay is getting ready to take the payment industry by storm in 2017!!!!
This company is building the worlds first Smart Payment App that allows merchants to accept multiple digital currencies on the same invoice and then automatically convert them to USD or another Fiat currency.
A merchant will have full control over their funds at all times, they can chose to keep a percentage in any currency received or convert it based on the market rate at the time of transaction. There is no third party or middle man to deal with.
CoinPay uses a very sophisticated set of API's that work together to allow merchants full control over the process and by allowing them to bill customers directly there is no risk for the merchant at all.
Upon launch CoinPay will be accepting ClubCoin (the digital token BitClub members have been receiving for over a year now) and Bitcoin. Right now ClubCoin has a value of around $0.50 USD and we believe with the power of BitClub Network, and the global rewards program it will create a huge demand for ClubCoin.
Soon we will all have a market to spend ClubCoin through the CoinPay platform.
This was phase 1 of our plan to give ClubCoin away free and create a viable market for it.
Phase 2 is adding the merchants to accept it and we believe merchants from around the world will line up to use CoinPay because not only is the platform great for accepting digital currencies, but a merchant can list their entire product catalogue through the CoinPay shopping network, which is made available to ClubCoin token holders.
There is No Risk and Here is Why...
Say a merchant is selling a cup of coffee for $5.00 USD... They would be able to accept ClubCoin (right now this would be 10 ClubCoin). An invoice is generated and the customer pays the merchant with ClubCoin, this would be instantly converted to Bitcoin and the Bitcoin instantly converted to USD or other FIAT based on the preferred exchange and region of the merchant.
So at the end of the day the merchant would receive $5.00 USD in their bank account and since CoinPay is only acting as the software to allow the transaction to happen there is no risk for the merchant because the "money" is either in the customers hands or the merchants hands (no middle person).
It's our hope that merchants wake up and want to hold digital currency because there is a lot of upside in the market. Just look at Bitcoin lately :)
(Note from Ed - given that you might feel that a little Bitcoin history could be imparted to the merchant - especially now that Bitcoin is almost at $1,000 - this holding of Bitcoin may be very attractive as another reason for a merchant to get into this).
So for this reason we give them the opportunity to cash in a percentage of their transactions and hold the rest in either ClubCoin or Bitcoin if they chose. This percentage can easily be set and changed if it becomes more attractive to hold or sell
Why Merchants Want to Accept ClubCoin?
Merchants will gain access to thousands of new customers (BitClub Members) and anyone else holding ClubCoin. For this privilege we are going to ask the merchant to offer their product or service at a discount to members if they chose to accept ClubCoin.
This discount will be advertised to the network and anyone with ClubCoin can shop based on these discounts to get a great deal. We expect to see new customers outside of BitClub Network buying ClubCoin just so they can shop with it and get a discount by using it through CoinPay.
Example: Sticking with the cup of coffee example... This coffee shop would sell their coffee at a 5% discount, or $4.75 to all ClubCoin holders, a $0.25 discount
How many other digital currencies have their own marketplace to spend them? Only Bitcoin!
We believe ClubCoin can become the "shopping token" that people use instead of spending their Bitcoin and this will grow well beyond anything else can because of the unique relationship CoinPay has to BitClub Network!
How Does CoinPay Make Money?
CoinPay will charge a 1% transaction fee on all transactions and these fees will also be shared with the BitClub member who enrolled the merchant. Merchants will have an option to upgrade for a one time $399 fee which will give them complete access to the network of shoppers, and many tools that Free merchants will not receive.
CoinPay also offers Enterprise level packages that provide a fully customized solution that can be integrated easily into any existing shopping cart platforms. It's also our hope to integrate with the most popular open source shopping carts so its very easy to implement for merchants on these platforms
Ok, Now here is where this gets fun for BitClub Members...
CoinPay is going to be giving away up to 65% of the company to BitClub Members in the form of equity shares that are being called "CoinPay Tokens." It was important that all BitClub members owned a big piece of CoinPay to feel like this is YOUR company to help support and grow the merchant network.
In fact, YOU have already earned a piece of this company with your membership and we are going to GIVE YOU SHARES FOR FREE!
This is NOT like any other digital token you see today... It's NOT like Bitcoin, it's NOT like ClubCoin, and it's NOT like anything else in the market. This token will act more like a stock certificate and "proof-of-ownership" token rather than a currency that is trading.
CoinPay tokens will entitle you to a profit share of CoinPay and you can earn more tokens based on your performance by enrolling merchants and getting those merchants to process ClubCoin transactions.
This is how we are giving them away...
For all members who joined BitClub Network anytime BEFORE January 1st 2017
You will receive 1 CoinPay Token for every $10.00 USD you have spent with BitClub
ALL Founders (any level founder) will receive an additional 1,000 CoinPay Tokens
*There is no catch on giving these tokens to you, and there is nothing you have to do to earn them. These are yours! We want you to have them and feel like you own a piece of CoinPay (A BIG Piece).
The next giveaway is for all members who will join AFTER December 31st 2016
You will receive 1 CoinPay Token for every $1.00 spent (giving away 10 million tokens in Tier 1)
After Tier 1 the giveaway will drop to 1 CoinPay Token for every $2.00 USD spent (another 10 million tokens)
ALL Founders (Founder 9) will receive 5,000 additional CoinPay Tokens + 200 ClubCoin (1,000 Founders)
After this Founder 10 will receive 3,000 additional CoinPay Tokens + 100 ClubCoin (another 1,000 Founders)
This will continue to drop down every 1,000 founders until 100,000,000 (100 million tokens are given away)
We also have many other incentives to earn tokens by enrolling new merchants in CoinPay, hitting sales volume ranks from merchant sales volume, and more special offers that you will hear about later on.
This is something we are very excited about and have been building for over a year now. By giving away 65% of the equity in CoinPay the company will be in the hands of the people (YOU) and it's the people who build it and benefit.
We strongly believe in this type of approach and by launching CoinPay through a sales organization like BitClub we know this can be really big!
The full launch of this platform is almost here and you will begin seeing more details unfold as we bring each piece online. But it's important to know that the CoinPay token giveaway will begin January 1st.
We want to thank you for making 2016 an incredible year! There are so many people from around the world making money with us and we have some big plans for 2017 so stay tuned for new announcements coming in early January.
We are so thankful to have you as a member and look forward to a massive year ahead!
Sincerely,
-BCN Support Team
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New Videos, Commissions Paid, ClubCoin Staking & More...
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| This is news from BCN from 26th and (updated) 27th December.
Included in this update...
Commission Issues Fixed
Founder Bonuses Paid
Support Tickets All Closed
NEW Videos to Share
Language Files Updated - LIVE!
ClubCoin Staking Payments
Commission Issues Fixed
Over the past few weeks our programming team has been working on upgrading just about every piece of our platform to make it more secure so that we can handle our growth while dealing with the constant attacks we receive.
These upgrades were necessary because we are growing faster than we ever have before and this continues to make us a big target. In fact, we expect our membership to double in 2017 so making these improvements was very important.
While doing these upgrades you may have noticed some commissions were not paid, or maybe they were paid late. Some ranks were also not updated, infinity bonuses were paused, repurchases were paused and overall the past few weeks the payments have not been smooth.
We apologize for this, but the good news is we are done with all the commission script upgrades and thanks to a very good redundancy system we are able to accurately pay all commissions which are now up to date.
IMPORTANT: BitClub Network is a huge target for hackers and we are spending a lot of time, money and effort protecting the system from ongoing attacks. We know these hack attempts will not stop and they will likely get more intense as we grow so it's very important that you protect your accounts and help us protect you.
We are taking security very seriously moving forward!
Founder Bonuses Paid
We have updated the Founder Bonuses for Founder 1 and Founder 2. You are now paid through November and you can check the payments under the founder page. This month marks the 2 year anniversary since we started paying the lifetime Founder Bonuses.
In this time Founder 1 members have earned 0.7839 Bitcoin (worth $705 USD today) and Founder 2's have earned 0.3812 ($343 USD)
Overall during this 2 year span we have mined 39,194.92 Bitcoin which today is worth over $35,275,428 USD (using $900 BTC price). All of this has been shared with BitClub members and continues to come in daily.
*NOTE: These numbers do not include ALT coin mining and conversions of these ALT coins into Bitcoin, but they do include mining we have done into other pools before our current pool was established in July 2015.
Bottom line... If you are a Founder 1 or Founder 2 you are very happy right now and we will continue to expand offering all Founders incredible value.
Support Tickets Closed
Due to the amount of fake support tickets and spam injections we continue to receive through our ticketing system we are going to be closing ALL open tickets and implementing some upgrades that will support both English and Korean. (other languages coming soon)
This new system is a smart routing system that will get to the root of your problem faster by asking detailed questions to make sure your issue is sent to the right support person.
Doing this will help solve the SPAM issues, which have been delaying responses by days if not weeks for some tickets. If you have not received a reply we apologize and you can easily open your ticket by responding to it.
We believe many open tickets have also been solved automatically with the recent updates but again if you are still having an issue just re-open your ticket!
IMPORTANT: If your ticket is not re-opened then we will assume your issue has been solved. Please pass this information along to your team
New Videos to Share...
We have been working on some new videos that you can see below. These videos will be translated into all languages and used on some new landing page that are coming in early 2017.
You will also be seeing a lot of new marketing material coming from the CoinPay team, including an entire training package that will help you sell the merchant platform to new businesses and get paid for it!
But for now here are the videos you can watch, share and use however you want.
(Note from ED: You'll have to log in to your BCN site to see the videos in the news feed).
All Languages Updated
We just had the entire website updated in all languages. Everything should be up to date and accurate now and we have also made improvements to this translation module. These changes will make it easier to keep the website updated in all languages and even provide alerts and support in these languages.
Coming next is all the email messages in the language of your choice that you will be able to select from your profile. Our plan is to really start supporting specific countries who are growing the fastest and now we have the platform to do this!
*If you have a suggestion for a new language please open a ticket and let us know. Once we have 500+ members in a region we will look into translating for the region. Thank You!
ClubCoin Staking Payments Paid - Last Chance for 10%
During the recent downtime (Nov 25 - Dec 3) there were some issues with our ClubCoin staking payments. If you had payments due on these dates then your payment was skipped over. We also paused all payments but this has now been fixed and all ClubCoin payments are up to date.
Please check to make sure your staking payments were made!
Moving forward you only have until the end of this year to stake your coins at 10% payback. Starting January 1st all new staking contracts will be reduced to pay 5%. We strongly recommend you stake on your own by downloading the ClubCoin wallet on clubcoin.co because you will earn 20% running a node and staking on your own.
All you have to do is leave your wallet online and it will stake automatically, this also really helps make our network strong!
Stay tuned for another update in the next few days that will explain the CoinPay Token free giveaway. This is something you will be very excited about and we will be spending a lot of time on CoinPay starting in 2017
Thanks for being a BitClub member!
Sincerely,
-BCN Support
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| | CHECK OUT THE BLOG !
I recommend you keep an eye on the Bit-Talk blog as it covers a lot of ground with what is happening around the world to impact upon Bitcoin.
You can go directly to my blog by clicking the link below.
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| | You can join Bitclub for free. Clicking the link below will take you to the sign up page for that but you might want to join as a full member. This costs $99 and that is a once and only lifetime cost. Then you will be well placed to jump on any opportunity coming along from Bitclub and they are going to be coming thick and fast as Bitclub grows.
Please make certain that if someone else introduced you to the Bitclub opportunity, that you use their sign up page and not mine.
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| Bitclub Network Is Changing Lives For The Better.
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| Check out my Bit-Talk site for a lot more information including my video resource training. Just use the button below. |
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