GBBG Bitbillions Blog A Much Sweeter Deal

                     

A Much Sweeter Deal  If ever there was a time to get excited about your GBBG|bitbillions business, this is it. Things have been developing over the past several weeks that are bound to rock this opportunity wide open. With less than 2,000 Co-Founder positions available, we are getting closer to the launch of the Matrix Stage every day. What we are about to reveal in this post may just start a feeding frenzy and get us there much faster than anticipated.

 To get a better appreciation for what we are about to reveal, we think you should review some very important details of the GBBG|bitbillions opportunity. As you should be fully aware, it is 100% free to participate and earn with our program. Members are not required to spend a single penny at all. Every member earns points for various activities.

 If you are a free member and you view ad pages on GBBG|bitcoinfaucet, you earn points. And, as a free member you also share in the faucet pool along with every other member. We set aside a portion of the advertising revenue generated from GBBG|bitcoinfaucet each month and distribute it equally among all members who gather points. Every single aspect of GBBG|bitcoinfaucet is open, 100%, to free members, with no cost or obligation whatsoever. There is absolutely no upgrade requirement or payment necessary to earn points or share in the faucet pool. The revenue for the pool comes 100% from advertising sales on GBBG|bitcoinfaucet.

 If you are a free member and you watch video ads on GBBG|bitfeud, you earn points. And, as a free member you may also participate in every single flash sale. Each month, we set aside a portion of the advertising revenue generated from GBBG|bitfeud and place it up for grabs in the flash sales. Every single aspect of bitfeud is open, 100%, to free members, with no cost or obligation whatsoever. There is absolutely no upgrade requirement or payment necessary to earn points or participate in the flash sales. The revenue for the flash sales comes 100% from advertising sales on GBBG|bitfeud.

 If you are a free member and you view ad pages on GBBG|iwantacar, you earn points. And, as a free member you also have an equal chance to win a brand new car. Each month, we set aside a portion of the advertising revenue generated from GBBG|iwantacar and place it into a fund. When the fund is large enough, we conduct a drawing for a brand new car. Every single aspect of GBBG|iwantacar is open, 100%, to free members, with no cost or obligation whatsoever. There is absolutely no upgrade requirement or payment necessary to earn points or participate in the new car drawings. The revenue for the new car drawings comes 100% from advertising sales on GBBG|iwantacar.

 If you are a free member and you view ad pages on GBBG|mybitcoinrewards, you earn points. And, as a free member you also have an equal chance to win free bitcoins. Each month, we set aside a portion of the advertising revenue generated from GBBG|mybitcoinrewards and place it into a fund. Each week, we conduct drawings and give away free bitcoins from this fund. Every single aspect of GBBG|mybitcoinrewards is open, 100%, to free members, with no cost or obligation whatsoever. There is absolutely no upgrade requirement or payment necessary to earn points or participate in free bitcoin drawings. The revenue for the bitcoin drawings comes 100% from advertising sales on GBBG|mybitcoinrewards.

 Why are we going through so much trouble to spell all this out? Because we want you to fully understand the fact that participation in every single aspect of GBBG|bitbillions is 100% free. There is no purchase or upgrade necessary to participate in flash sales, to win a car, or to share in our earnings. All you need to do is get points. Points are the key to everything with GBBG|bitbillions.

 As you should be fully aware, we are currently in the Co-Founder Stage of our business plan. During this stage, we are laying the foundation for our long-term business. We are researching and developing our software, establishing server infrastructure, and building out the operational and managerial processes of the business. During this stage we are also establishing lifetime partnerships with our members which we anticipate to be immensely profitable and mutually beneficial.

 The Matrix Stage is the event everyone is working towards. Why? Because in the Matrix Stage, everyone begins to share a greater portion of revenue.
 During the Matrix Stage, GBBG sets aside a portion of the revenue generated from advertising sales on bitcoinfaucet, bitfeud, iwantacar, and mybitcoinrewards and places it into the Matrix Fund. GBBG also sets aside a portion of the revenue generated from Preservation of Wealth and places it into the Matrix Fund. GBBG also sets aside a portion of the revenue generated from GBBG|ware and places it into the Matrix Fund. During the Matrix Stage, a portion of all revenue generated by GBBG is placed into the Matrix Fund each month.

 Every month, GBBG will distribute the money in the Matrix Fund to all members who earned points. Each member will get their fair share of the money based on their share of the total points. It is very important to remember, there is absolutely no upgrade requirement or payment necessary to earn these points or share in the revenue. The revenue in the Matrix Fund comes 100% from advertising sales, co-marketing deals, product sales, software services, and other goods and services GBBG sells directly to clients.

 What we hope you fully understand now is that members are not required to pay for upgrades, pay for products, pay for services, or pay for anything. It is 100% free to join, earn points, and participate in every aspect of GBBG|bitbillions. Just by getting points, you can share in the revenue we generate from other sources. And that is about to be a MUCH SWEETER DEAL!

 Up to this point we have been describing basic aspects of the current GBBG|bitbillions business. We have been defining where the revenue comes from that you are earning. And, we have been making the point loud and clear that it is absolutely FREE to participate and earn. Now, we are going to explain why this is the single greatest time to be excited about your GBBG|bitbillions business ever.

 GBBG|ADVERTISINGNETWORK  In July, GBBG will launch our very own, stand-alone advertising network. We are developing a unique platform where publishers (people with websites) can embed our ad widgets into their sites and earn bitcoins. In addition, members can earn by referring both publishers and advertisers to our network.
 This powerful new source of revenue should produce a massive, growing earning stream from clients entirely independent of our membership.
 Web publishers will have a unique publisher site where they sign in and manage their ad widgets. They can embed video ads, text ads, and banner ads into their sites. Our unique system will award them a point every single time they deliver a view (impression). Publishers will get their fair share of the advertising revenue of the entire network based on their share of the overall points. In addition, they will earn GBBG points and can share in the GBBG Matrix if they desire.

 Advertisers will have a unique advertiser site where they sign in and manage their advertising campaigns. They can place video ads, text ads, and banner ads into the network. Not only will their ads be distributed throughout our entire network of publisher sites, but they will also be distributed throughout the entire GBBG|bitbillions website. Advertisers should get massive exposure; much higher impression levels for a much lower cost than any other network.

 So, how does this incredible platform affect you as a member?

 First, it means MORE MATRIX REVENUE. Yes! More money flowing into the Matrix Pools. Second, it means more referral commissions. You will be paid a nice commission every time an advertiser buys an ad in the network, if you referred the advertiser. In addition, the points generated by a publisher will impact your Matrix Bonus, if you referred the publisher. It is truly a winning situation all the way around for our members.

 PLANS FOR JULY  In July we plan to implement our secondary security system to safeguard your profile email address and payment address. Watch for these security enhancements and be sure to implement them. Once they are live, you will be able to prevent hackers and hijackers from altering your email address and/or payment address. It is our goal to make your GBBG|bitbillions account as safe and secure as possible.
 In July we plan to implement our new publisher platform. Our goal is to fully integrate this new platform with our site and to begin attracting quality publishers. Before we can get advertisers pouring into the network we need to establish a roster of publishers. We will need your help with this. So, keep an eye out for this new platform and the marketing materials for it. Remember, your Matrix earnings will be directly impacted by the points earned by publishers you refer.

 In July we plan to begin rolling out information about the new Dandi project. Our goal was to begin this roll-out in June. However, due to ongoing legal work we have yet to finalize this roll-out. Dandi is a huge, earth-shattering project. Therefore, we must make sure every single “I” is properly dotted and every “t” is properly crossed before we launch. We can tell you that important breakthroughs are happening. We are certain Dandi will be incorporated and launched from a geographic region outside of the USA. It will be based in a location that is very friendly to virtual currency. In addition, there is a slight possibility that people all over the world will be able to participate in the equity of Dandi.

 Depending upon the success of the roll-out of our new publisher platform, we may be able to roll-out the new advertiser platform in July. As you surely must understand, we must first gather a large base of publishers before we can successfully implement the advertiser platform. Our goal is to get the entire stand-alone advertising network rolling as quick and smooth as possible.

 SUMMARY  It is 100% free to participate in every single aspect of GBBG|bitbillions. All you need to do is join and earn points. The rest is taken care of automatically. If you want to exponentially expand your earnings, you should actively refer other members. When the new advertising network is launched, you can further exponentially expand your earnings by referring publishers and advertisers.

 Things are developing every day at GBBG headquarters. We are a growing, profitable business. We are generating increasing revenues through advertising sales, Preservation of Wealth commissions, software development services, and other activities. We are working diligently on the launch of Dandi, which we know will be a global game-changer. In addition, we now have an up and coming global advertising platform that is sure to bring revenue pouring in. How much of it do you plan to get?
 

• bitadmin
• June 28th, 2014

Winklevoss Price Ticker Makes Debut on Bloomberg

Nermin Hajdarbegovic | Published on June 17, 2014 at 11:05 BST | Companies, News, Technology

The Winklevoss’ bitcoin price index, the ‘WinkDex’, has made its first appearance on Bloomberg. Listed on the platform under WINKBTCO, the move is an important step for the young index, launched earlier this year.

In a brief blog post the team say they are honoured to be working with Bloomberg to bring a “blended bitcoin price index” to the wider investor community. In addition, the WinkDex is about to get a number of new features over the next few weeks, including an API.
WinkDex was launched in February and it is just one bitcoin related initiative headed by Tyler and Cameron Winklevoss. The twins are working towards the launch of their Winklevoss Bitcoin Trust, a bitcoin exchange-traded fund (ETF). The idea was floated last year and the ETF is currently awaiting regulatory approval.

The WinkDex can be viewed as a component of the Winklevoss’ ETF push. It was announced in one of the ETF regulatory filings and described as a method of establishing an accurate spot price that eliminates price confusion and reflects the true value of bitcoin.

The Winklevoss brothers claimed to hold 1% of all bitcoins when their initial ETF document was submitted last July.

Bloomberg and bitcoin

Bloomberg started experimenting with a bitcoin price ticker last year. The platform has since integrated bitcoin pricing (from exchanges Coinbase and Kraken) alongside news on its Bloomberg Professional service.
The service has more than 300,000 subscribers, mainly financial professionals, who pay upwards of $20,000 each year to use it.
These users now have the ability to track bitcoin prices along with relevant news and social media posts. However, Bloomberg has reiterated that the decision is not an endorsement of bitcoin, emphasising that investors cannot yet trade the cryptocurrency on its platform.

Robocoin 2.0 Arrives With Bank-Like Features and New Hardware

Dan Palmer | Published on June 10, 2014 at 13:02 BST | Bitcoin ATM, Exchanges, Technology

Bitcoin ATM provider Robocoin enters a new phase of its growth today with the announcement of ‘Robocoin 2.0’, featuring a totally new software platform, alongside improved hardware and extra features aimed at the global banking and remittance markets.

With the announcement, the Las Vegas-based manufacturer takes a big step toward towards its previously stated ambition to make bitcoin more user-friendly for mass-market consumers and its aim to provide financial services for the world’s underbanked.

Bitcoin ‘banking’

Repositioning itself more as a bank with ‘branches’ instead of ATMs, Robocoin is offering a variety of online accounts for merchants, brokers and general customers.

Allowing users access to the company’s machines in all of the 13 countries it currently covers, Robocoin accounts also feature integral bitcoin wallets, removing the need to use wallet QR codes or addresses when depositing or withdrawing.

With public confidence in centralised bitcoin companies at a low following notable collapses like Mt. Gox, the company insists that customers’ bitcoins are “securely stored” in a Robocoin wallet “built on industry leading multi-sig architecture with 100% provable reserves and offline cold storage”.

Another issue that has plagued users of both bitcoin ATMs and merchant point-of-sales systems is the potentially long wait while transactions are confirmed on the block chain. Robocoin now sidesteps this issue completely by taking transaction off-block chain, promising that ATM customers can access their accounts and “get cash and bitcoin instantly”.

Global payments

The company’s ATMs accept and dispense 12 national currencies worldwide and can now be used to send money to anyone using only their phone number or email address, even if they haven’t signed up for a Robocoin account. Recipients need merely to visit the local ‘branch’ to pick up their cash.

With traditional remittance providers such as MoneyGram and Western Union currently reaping vast profits in transfer fees – estimated at around $500bn a year – such a service could see significant savings for workers sending money back home to families.

Even with the relatively low fees that will likely be offered, this is a lucrative market that Robocoin and bitcoin exchanges such as Bitex.la and Coincove hope to tap into.

“Our goal is to make storing and sending money faster, friendlier, cheaper and easier than any other company in the world,” said Jordan Kelley, Robocoin’s CEO, adding:

“Robocoin is expanding the bitcoin market by making it easier. No more downloading a digital wallet, storing a private key, or remembering public addresses. New technology and terminology mean secure deposits, instant withdraws, and the easiest way to send money worldwide.”

The hardware

Along with its announcement of its new platform, Robocoin has also announced a slashed price on its standard bitcoin ATM, plus two new machines with extra features to facilitate security and speedy transactions.
Having reached new scale milestones and improved its supply chain, the company has now dropped the base price for its Robocoin Classic unit from $20,000 to $15,000, while reassuring operators that its ATMs are still made with “top-of-the line, bank-grade hardware”.

Robocoin is also launching a range of ‘recycling’ ATMs, which feature the ability to dispense the cash they accept.
This, in turn, reduces the need for frequent restocking and the security risks involved with regularly handling cash in a public-facing premises. The new hardware handles notes more quickly, further speeding up customer transactions.
The company’s $20,000 base model, the Robocoin Recycler, can accept two bills per second and can dispense at a rate of 1.6 notes per second. In addition, it can hold up to 1,900 notes, the company said.
Its premium counterpart, the Robocoin Recycler Max ($35,000) provides a 100-note batch acceptor and can accept and dispense at a “market-leading” rate of eight bills per second. It can hold 8,300 notes and recycles 6,000 with three different denominations, Robocoin claims, adding that this is the most premium bitcoin ATM in the world.
Robocoin ATMs employ biometric authentication technology, as well as phone and PIN authentication, to protect user accounts and where necessary comply with anti-money laundering and know-your-customer regulations.
Competitor Lamassu promises bitcoin-to-fiat transactions in under 15 seconds, and currently accepts notes from 200 countries worldwide, though its units are only one-way.

Facebook Approves First Cryptocurrency Tipping Apps

Nermin Hajdarbegovic | Published on June 6, 2014 at 11:27 BST | Altcoins, Dogecoin, Lifestyle, News

Facebook has approved two new cryptocurrency tipping apps, according to the small team of dogecoin enthusiasts that developed them.
Lead developer Alejandro Caballero announced on reddit that the social networking giant has approved both his Doge Tipping App, which is restricted to dogecoin, and his Multicoin Tipping App, which got the official nod just this morning.
The latter allows 14 altcoins to be used to reward posts on Facebook in a very real sense, rather than merely giving them the standard ‘like’. The full list reads: dogecoin, digibytes, einsteinium, fedoracoin, mintcoin, reddcoin, quark, worldcoin, vertcoin, karmacoin, earthcoin, trollcoin, HTMLcoin and donationcoin.
This is not the first time digital currencies have appeared on Facebook. CoinDesk reported last month on QuickCoin’s wallet app that allows users to send bitcoin to anyone on their contacts list as simply as messaging. However, the new apps look to be the first dedicated tipping services on the platform.

‘Double hit’

“When we submitted the doge-only app, the Multicoin Tipping App was also submitted. But we needed to change several things to have it finally approved, which happened a few minutes ago,” said Caballero.
He described the approvals as a “double hit” and said the team is now bringing new coins to the big field “in the most pure spirit of shibing” – a reference to the Shiba Inu dog breed mascot of the dogecoin community.
The dogecoin community responded in kind, with abundant Comic Sans praise and a few dogecoin tips for Caballero and his team.

Limitations still exist

Using the world’s biggest social network as a payments platform is not a new concept, but getting approval and weaving around Facebook’s restrictions has proven tricky.
Although Facebook has now approved the apps, there are a few limitations users should be aware of. Notably, the apps can only be used to make tips in an approved group, but groups can be added and practically any Facebook user can be tipped.
Caballero explains:

“Tipping through the apps work from Facebook Groups, but once you joined one of them, you can send tips to every person existing in Facebook, from your friends list or not. We add groups on request. This way of working is the reason the apps where approved, because they promote social interaction without messing with user’s preferences or security.”

Caballero’s team has big plans aside from Facebook and is currently working on a universal tipping platform for WordPress, Drupal, Joomla, Xenforo, PHPBB and others.
Dogecoin is already a popular medium for tipping popular content producers, but has been restricted largely to platforms like reddit. The new Facebook apps could see the phenomenon take off with a much larger audience.

Rapper 50 Cent Accepts Bitcoin for New Album ‘Animal Ambition’

Stan Higgins | Published on June 3, 2014 at 17:05 BST | BitPay, Companies, Events

Business mogul and hip-hop star Curtis “50 Cent” Jackson has joined the growing number of musicians and entrepreneurs who are embracing bitcoin by accepting the digital currency as payment for his new album, ‘Animal Ambition’.
50 Cent’s Shopify store will accept bitcoin payments for the new release, with BitPay acting as the payments processor. Shopify first integrated payments for its network of merchants in November 2013.

The development brings a prominent face to the bitcoin community. In addition to being a successful rap artist and producer, Jackson is a notable entrepreneur, having invested in Glaceau – the makers of Vitaminwater – in a deal that would eventually propel his net worth toward $140m.
Tony Gallippi, BitPay’s executive chairman, hailed the announcement by saying:

“We are excited to see high profile independent artists use bitcoin and 50 Cent’s trail as an innovator is outstanding.”

Jackson has also sold more than 30 million records to date, with hit albums including ‘Get Rich or Die Tryin’’, ‘Curtis’ and ‘Before I Self Destruct’.

The release follows Jackson’s decision to leave longtime label Interscope Records in February to work with distributor Caroline, part of the Independent Services division of Capital Records.

Bitcoin’s latest entrepreneur

Most famous for his investment in Glaceua, which later sold to beverage conglomerate Coca-Cola for $4.1bn, 50 Cent has also engaged in other notable investments over the years.
In 2013, he took another chance on the beverage market, launching Street King energy shots, which currently holds the number two market share in the $2bn annual industry.
Given Jackson’s noted activism as an investor, it’s possible that the move signifies the rap star’s larger interest in digital currencies. For example, by accepting bitcoin as payment for copies of ‘Animal Ambition’, the venture provides Jackson with an interesting way of accruing BTC.
BitPay’s relationship with Shopify allows merchants to receive dollars, bitcoins or a combination of the two. It isn’t clear which direction Jackson plans on taking the store in this regard.
CoinDesk reached out to Jackson’s representatives for more details, but was unable to receive immediate comment.

More artists embracing bitcoin

Jackson isn’t the only music artist to embrace bitcoin for record sales.
In December 2013, Snoop Dogg (also known as recently as Snoop Lion) expressed interest in taking bitcoin for his next record, though to date he hasn’t taken an formal steps toward this decision. At the time, he hinted that the record would be “available in bitcoin and delivered in a drone”. Later, Snoop had a public exchange with Coinbase via Twitter about the idea, saying that “I want to make it happen”.
Former Spice Girl Mel B followed suit later that month, expressing interest in the digital currency for her then-upcoming single. She remarked that she was excited about the possibilities contained in consumer-leaning innovations like bitcoin, saying:

“I love how new technology makes our lives easier, and to me that’s exciting. Bitcoin unites my fans around the world using one currency. They can just pay using bitcoins!”

At the time, Donald Glover, a comedian who goes by the hip-hop moniker Childish Gambino, also suggested that he might accept bitcoin for his upcoming music project.
Beyond payments, other hip hop groups have experimented with the digital currency as a means of generating income. In March, Ain’t No Love launched their second EP, ‘Tears of Joy’, and paired the release with a bitcoin-friendly torrent publication on the FrostWire platform.
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.
Image credit: cinemafestival / Shutterstock.com

Bitbillions : Isn’t That Just Dandi?

Isn’t That Just Dandi?

When I was a teenager, I had an amazing chemistry teacher. He not only taught us chemistry in a way that was so engaging you couldn’t help but learn it, but he also taught us many lessons about life. One of the things he said, over and over and over, was “there are 3 types of people in the world: those that make things happen, those that sit and watch things happen, and those that wonder what happened”. I don’t know why, but that mantra stuck with me for life. It drove me to always strive for the first class of people.
Here at GBBG we are working hard, every day, to be in that first class of people. No, actually, we ARE in that first class. We are making things happen. Nothing will be more evident of this fact more than the release of the Dandi family of products in the future. Some of you will be with us making things happen. You will know before, during, and after what Dandi is all about. Others will watch it happen before their eyes, and they will either jump on board or struggle to keep up. But for many, it will be a surprise shocker that came totally out of left field.
The question I often have is this. How many GBBG members will be in that first class of people with us?
We worked very hard in April to transition from a basic, amateurish website into a more professional environment. I truly hope our members are pleased with the results. The new site is elegant, functional, and professional, in my personal opinion. But don’t get too relaxed yet. There is much more to come. This is just a step toward our big picture vision. There will be more and more improvements as we migrate from free (WordPress) through cheap (Hybrid Template Environment) to highly advance, proprietary systems.
We plan to spend the remainder of May completing the content of our current website, resolving any remaining glitches, and getting all functions (such as mybitcoinrewards drawings) operational again. By the 1st of June, we should be in a position to begin focusing on our next major phase in our master plan. In this phase we will lay the foundation for Dandi and complete the Matrix.
Recently, I held a webinar called “The Top Secret Project”, where I revealed some basic details about Dandi. I would like to take the opportunity now to summarize Dandi in written form for our members who do not understand spoken English.
Very soon, the Dandi family of products and services will emerge. Over the next few years, this organization will strive to eradicate the current concepts of currency, banking, payments, and remittance. Eventually, a global, decentralized banking system will be established to offer people throughout the world a banking alternative that is free of government control, free of corruption, and free of central manipulation.
What is currency? Currency is the physical (and increasingly digital) manner of defining value. No matter where you live on earth, you understand the value of certain currency. A resident of the USA can easily comprehend the value of a $20 bill. People in India can instinctively “feel” the value of a pile of Rupees. In essence, the value of any denomination of currency is what we can do with it. And, unfortunately, for most people, it is the amount of time we must trade for that denomination of “value” in paper or metal.
Currency can only exist in physical or digital form. More importantly, it cannot exist in both at the same time. We live in a world where currency morphs in and out of physical and digital form constantly. If we pay a vendor for something using cold hard cash, we are operating with physical currency. When we buy something online with PayPal or our credit card, we are operating with digital currency.
As time passes, we increasingly migrate from physical currency to digital. This is by design. Digital currency is easier to trace, control, and manipulate by the powers that wish to do so. Digital currency is essentially free to produce. It is air. It is digits on a computer screen. It doesn’t physically move or required the constant recycling and resupply of physical currency. And, in the current, centralized system, it erodes power from the masses.
The current banking system controls, manipulates, and traces nearly every transfer of value on earth. They no longer generate earnings from the secure storage and lending of currency. Now, they generate earnings from the use of currency. Because of this, the ultimate goal of the current banking establishment is that all humans conduct all currency transactions digitally, through their centralized system. It is in their best interest that all humans are paid by digital currency (direct deposit), and conduct all transactions with digital currency (debit cards).
We are becoming a smaller world every day. It is common place that people conduct currency transactions with businesses and individuals on the other side of the planet, in real-time, 24 hours per day. This trend is increasing, and will continue to increase. Business is now naturally global. And this is a major opportunity the current banking system has leveraged for profit.
Is an hour of time less investment for a person in China than a person in Australia?
Does a person in Mexico exert less energy building a house than a person in Denmark?
Is an egg in Taipei substantially different from an egg in Dallas, Texas?
Is a $10 bill substantially different in value than £6?
I think the answer to all the above is “no”.
So, if Amazon.com has a product for sale for $10 on their website and a person in India wants to purchase it, they understand naturally the value of the item is around 585 Rupees. In order for them to purchase the item, they must exchange Rupees to Dollars, and pay a fee for this. And the funny irony is that they most likely do this online, with their online (digital) bank account. They don’t physically swap Rupees for Dollars, their bank just switches some digits around on their screen. And they pay a fee for this.
Why?
Why does a person in Germany have to convert Euros to Australian Dollars to conduct business in Australia, or to have spending money while on vacation in Australia?
Aren’t 2 AUD and 1.35 Euro the same exact thing? Aren’t they just a way to express value? If so, why do we pay a fee to transfer value for value?
What if the world had a single currency? What if there were one currency that represented the exact same value physically, and digitally, in every location on earth? What if a person could earn a currency in Ghana and spend it in Canada as if they earned it in Canada? We think that would be pretty Dandi (we know it is actually spelled dandy).
What if there were a Dandicoin that was all currency at one time? What if there were a Dandicoin that could move in and out of physical and digital form with ease? What if a person in South Dakota could acquire some physical Dandicoins and transfer them instantly and without fees to a person in Russia? What if that person in Russia could then physically hand some of them to a vendor on the street and walk away with some meat and vegetables? We think that would be pretty Dandi.
There is a major flaw with the current digital currency/payment industry. This flaw runs rampant in every product/service we have reviewed, whether it relates to PayPal, Bitcoin, Litecoin, Doggecoin, etc. In our opinion, everyone is thinking about currency in only one form: digital.
Currency must be able to move in and out of physical and digital form freely. Currently, if I want some bitcoins, I must exchange some physical (fiat) currency into a digital form (my online bank account). Then, I transfer this digital currency (wire) to a Bitcoin service or exchange. They then swap my digital version of my fiat currency for a digital denomination of Bitcoin. All the while, I incur fees and spend TIME.
Once my fiat currency is finally converted to bitcoins, and they are in my Bitcoin wallet, I can use them to buy things. Or, sit on them hoping they will increase in value. Now, say I am walking down the street and I see a person selling puppies on the street corner. My daughter wants a puppy so I ask the person how much. We negotiate a price and I ask if they will accept Bitcoin. What if they don’t know anything about Bitcoin? What if they don’t have a computer, phone, or electronic device? How can I pay them?
Say I have a Bitcoin debit card. Can I just hand my Bitcoin card to the person and walk away with the puppy? No. They need to have some device to take the payment from my Bitcoin card.
THIS is the problem. Every solution being presented to the Bitcoin economy is purely digital. I convert my physical money to digital money, and then the ONLY way to use it is digitally. I cannot convert it INSTANTLY or EASILY back into physical form. Current digital currency services and products are not designed to allow value to flow easily, and instantly, back and forth from physical and digital form. And, even if we adapted current mechanisms (standard banks and ATMs) to work with bitcoins, there would be fees and TIME involved in the conversion processes.
Dandi will solve this. At GBBG we are working on a combination of products and services that will allow value (currency denominations) to flow easily and instantly in and out of physical and digital form. More importantly, this process will happen WITHOUT requiring banks, credit cards, debit cards, computers, ATM machines, or other things “traditionally” required to move currency.
Our solution will allow a person to buy a hamburger ANYWHERE on earth with the same ease and speed as paying with cold hard cash. The vendor will not require a special device or terminal to accept the payment. All they will need is at least one working eyeball. Yes, they will be able to see with their own eyes the value transferred, and validate it instantly as if you handed them physical cash currency.
Our solution will allow a person to transfer value to another person on the other side of the world with the same ease and speed as handing them cold hard cash. More importantly, this process will happen WITHOUT requiring a bank account, credit card, debit card, digital wallet or payment processor, computer, or any special device or service (or app). If two people can communicate with each other in any form, they can transfer the value instantly.
In order to accomplish the first phase of this grand vision, we must establish a global network of distribution. GBBG is working on a device that will allow value (currency denominations) to move freely and instantly in and out of physical and digital form. This device will revolutionize money. It will entirely change the way people conduct currency transactions. And, if this gets mass adoption, we think it will cause the majority of people on earth to wonder why they have a bank account. Or a credit/debit card for that matter.
In June we will begin to crowdfund this project. People all over the world will be able to donate to the development fund. In return, they will receive value useful in the system, once it is live. We will also begin pre-selling distributorships. We want to build a network of 2,500 distributors globally BEFORE we roll out the devices. These distributors will have the opportunity of a lifetime. They will be the focal point for acquiring a device that will revolutionize money!
Over the next 3 to 5 years, we think Dandicard, Dandicoin, and Dandiwallet will become major influences. We intend to provide a better solution to currency. We intend to provide a better solution for remittance and payment processing. We intend to replace banking for the majority of people on earth. This is a huge aspiration. But we already have over 100,000 people on our team. And this is just the tip of the iceberg!
David Ruebush
Co-Founder
Global Bitbillions Group Incorporated