Archive for month: May, 2016

Calling all Scotcoin holders

I hope you are all well and enjoyed the brief few summer days we had!

I’m looking for your help.

We know that quite a few people had what we call Scotcoin 1 which lasted until it was transferred over onto the Counterparty system and became Scotcoin 2. There were two transfer periods, the last of which was early in 2015.


A few people have contacted us telling us this, and we have told them they are lost and gone forever.

However, as a gesture of good will, we would like anyone who was a Scotcoin 1 holder and didn’t transfer to get in touch with us. We will help you get a new Scotcoin compatible wallet and we’ll even put some Scotcoin into it for you.

If you were interested in Scotcoin when it first came out there are lots of reasons why you should be even MORE interested in it now. We aim to educate and inform anyone interested, especially the Scots. We intend to distribute Scotcoin widely to enable entrepreneurs and small businesses to expand and grow, helping the Scottish economy to help the people of Scotland.

So if you had Scotcoin 1 but don’t have any Scotcoin 2, then remember, we can help and want to help and want to bring you on board as advocates of Scotcoin.

Get in touch on [email protected]

Scotcoin Call on Start-Up Entrepreneurs

You may not already be aware, but while Bitcoin has been simmering away in the news recently over the controversial identity crisis of Satoshi Nakamoto, Scotland’s very own cryptocurrency Scotcoin has been making larger waves in the country’s business world.

Since 2013, Scotcoin has grown at a rapid pace and now ranks in the top thirty cryptocurrencies in the world for its value, which is a pretty impressive feat for a 3-year-old company to beat out over 600 worldwide cryptocurrencies.

Bitcoin and Scotcoin both sit on the same blockchain, which is one of the most trusted and secure in the world due to its link with Bitcoin. If the world of cryptocurrency is new to you, a blockchain is a technology for this new generation of transactional applications that aims to form trust, accountability, and transparency, while streamlining business processes, giving businesses a helping hand to manage the flow of goods and related payments. This blockchain is used to validate all Scotcoin transactions through the Counterparty platform.

Scotcoin sits extremely safely and securely on this enabling technology, making monetary transfers almost immediate without any outside or go-between help needed. It also transfers this money at a very small percentage cost compared to banks and other financial intermediaries, and, of course, everyone wants low processing fees.

With all that said, Scotcoin are now encouraging young start-up businesses and entrepreneurs to use and operate Scotcoin to benefit both their company and the Scottish economy. If your small business is suitable, Scotcoin is offering a substantial loan of 1 million Scotcoin to help get your business venture off the ground and running.

The Scotcoin loan will provide these new start-up companies with lots of different helpful methods including hot desks with computers and hosting, web design, and virtual assistants, as well as all important business mentoring to guide young entrepreneurs in the right direction with their business ventures. These are only a few of the fantastic advantages companies will receive when accepting the 1 million Scotcoin loan, and will help to not only grow these businesses but will also, in turn, promote the growth of the Scottish Economy with taxes and jobs.

Don’t be discouraged if this all seems a little confusing and you are not sure how you would integrate this onto your site. If you are one of the lucky businesses to receive this loan, the Scotcoin team offers an application programming interface for you too, meaning you can take Scotcoin onto your website and they will help you to integrate this into your web offering.

Scotcoin has already begun to line up individuals and businesses who will take Scotcoin to help get their venture started. If you want to find out more about the marketing incentives that can benefit your business, if it is suitable for the Scotcoin loan, and how Scotcoin is aiding Scotland, check out our full website or pop over an email to [email protected], who can help get you sorted with all the information you need.



Feel like Grabbing a Pint? Glasgow Pub Starts Accepting Scotcoin

If you recently took our advice to purchase Scotcoin for a much lower price, well you might now be wondering where exactly you can use your cryptocurrency in Scotland, and luckily it is accepted in one of the most important places you’ll be this week, the pub!

As of November 2016, The Arlington in Glasgow is the first pub in the country to accept Scotcoin as an official payment method. You will only be able to use it on their own branded lager called Stone of Destiny, but we are sure most of you won’t be thinking of that as too much of a negative while you are watching the UEFA League Final next week!

Scotcoin users can pay for their beer with Scotcoin in The Arlington from Monday to Thursday every week, and over time we are sure they will expand on this as the digital currency continues to grow. While it is currently too difficult for the pub to accept Scotcoin for everything, their Stone of Destiny has been a great place to start, and hopefully, the pub will start to accept the digital currency for more goods in the future.

We saw during the referendum that the issue of currency was a major factor in the public’s decision making. Will we have our own currency? Will we stick to the pound? Change to the Euro? Well, the great thing about a digital currency like Scotcoin is that it could be the answer to all of these questions. As we have seen in recent weeks, Bitcoin is continuing to grow throughout the world as its buying price rose dramatically, displaying the high demand that this form of currency currently has in our society today. This also means that there is no reason why we should not see a big rise in the value of Scotcoin over the next few years to come.

Having only been established in 2013 by venture capitalist Derek Nisbet, Scotcoin has gone from strength to strength, and proved itself to be anything but a novelty currency, and its use is even predicted to be seen as the norm in Scotland as soon as this year. It was also only reported last September by the New Economic Foundation think tank that a cryptocurrency backed by the Scottish Government would be the best form of currency to use in Scotland, alongside sterling, as this would increase purchasing power, thus substantially improving the economy at the same time.

Scotcoin and Bitcoin are both operated on a not for profit basis and have no direct links with banks or governments, which all traditional currency does. This gives the public the opportunity to take their money back into their own hands, instead of relying on banks to handle it. Which we’re sure everyone would feel much safer about!

We are confident that the more businesses who sign up to accept Scotcoin for their goods, the easier it will become to use your cryptocurrency everywhere in the future, so enquire today and see if your business is a good fit to accept Scotcoin.



Are Altcoins Overtaking the World of Bitcoin?

Bitcoin has been consistently labelled as the future of digitalised money, as it allows people to pay for goods and services without the need to involve banks or own physical currency. With pretty much all technology moving online now, why not money too? But the real question is whether Bitcoin is the best option for buyers to invest in.

Is Bitcoin the Best Cryptocurrency Option?

As we mentioned in our previous post, the markets for cryptocurrency are always changing and while Bitcoin is riding high now, there are no guarantees. Furthermore, although the currency has experienced both growth and slumps over the years, there is still no easy way to use it in major stores.

While the founder of Bitcoin has always been the mysterious Satoshi Nakamoto, this week has seen the apparent owner come forward to claim the company. Australian entrepreneur, Craig Wright, has claimed he was the one to invent the digital currency and wants control back to run the operation.

The problem with this now is that many people do not believe his claims as there have also been others in the past who have wrongly claimed they are the masterminds behind the currency. This leads to a sense of distrust with potential Bitcoin buyers as there only seems to be someone taking responsibility for the currency when it is doing well, which is currently at between $400 and $450. However, what happens when the Bitcoin depreciates in value? Do you trust your hard earned cash will be in safe hands then? Additionally, Wright stepping up only further confuses matters at the Bitcoin camp as there is an ongoing struggle over what direction to take the currency in and what new technology to develop alongside it as the company has resisted the adoption of new, advanced technology to improve its use.

 Why Choose Scotcoin?

Although Scotcoin is primarily distributed in Scotland for now, this can potentially change in the future as more people buy and use it. While Bitcoin is still the leading cryptocurrency, very few people actually possess much knowledge on the subject, and this is where using a national brand such as Scotcoin is a great alternative. Most of us are not entirely interested in what a currency’s Bittrex value is at that moment time, we want to know what exactly we can do with it instead! After all, how often do we compare foreign currency rates to the pound? More often than not we don’t at all, hence why the focus of Scotcoin is to expand where buyers can use their cryptocurrency.

You can also put a name, face, and responsibility behind the branding of Scotcoin with director Willie Fleming, while this is not possible with Bitcoin as of yet.

As more and more altcoins appear each year, the goal of toppling the massive Bitcoin seems closer than ever before with their market capitalisation percentage decreasing by a massive 16% since 2013, while Altcoin trading volume percentage is at an all-time high. This suggests that it would be wise to not invest your money in Bitcoin, but base your choice in the statistics instead, and choose Scotcoin as your preferred cryptocurrency!