$80m Scotcoin Pizza Auction

About Bitcoin Pizza Day: Celebrating the $80 Million Pizza Order

22 May 2019 is Bitcoin Pizza Day. The date marks the ninth anniversary of the first Bitcoin transaction in which a Florida man paid for two pizzas with the cryptocurrency. The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins for the two pizzas which today is worth over $80 million.

On 22 May 2010, now known globally as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John’s pizzas. Organized on a bitcoin forum, the Florida man reached out for help. “I’ll pay 10,000 bitcoins for a couple of pizzas so I have some left over for the next day,” Hanyecz wrote.

A British man took up Hanyecz’s offer and bought the two pizzas for him in exchange for the 10,000 Bitcoins. Since the inception of Bitcoin, Hanyeczs’ pizzas have become more and more expensive. Nine months after the purchase Bitcoin reached parity with the US dollar making the two pizzas worth $10,000 and in 2015, the fifth anniversary of Bitcoin Pizza Day, the two pizzas were valued at $2.4 million. Today, the Bitcoin price is just over $8,000 making the pizzas worth $80 million.

About Scotcoin Pizza Day

To celebrate Bitcoin Pizza day Rockvilla.pizza will hold an international auction of the Scotcoin.pizza which will run from 6pm GMT on 15 May until midnight GMT on 22 May.

The prize will be a Scotcoin pizza which will be delivered to the winning bidder wherever he or she is in the world.

All proceeds will be donated to Bobath Scotland, a cerebral palsy charity based in Glasgow, Scotland.

Bids can be made at > https://www.ebay.co.uk/itm/283485769486

The winning bidder will not just receive his Scotcoin Pizza but also an amount of Scotcoin equal to their bid the amount of their winning bid subject to a maximum of 2 million Scotcoin currently worth around £10,000.

About Rockvilla Pizza

Rockvilla Pizza is a new pizzeria based in the Rockvilla area of Glasgow. Its neighbours include, Scottish Ballet, The Glue Factory, National Theatre Scotland, The Whisky Bond, GAMTA and Scottish Opera. It offers a fantastic choice of sourdough pizzas, all at affordable prices. It is also Scotland’s first cashless pizzeria using the latest technology to allow our customers a smooth and seamless ordering experience.

Website: Rockvilla.pizza

Email: [email protected]

About Scotcoin

Established in 2013, Scotcoin is one of the first and most successful country related crypto-currencies on the market to date. It achieved widespread adoption in 2014 and continues to grow with over 3,000 holders globally. Scotcoin currently utilizes the power of the Bitcoin blockchain. Scotcoin has its origins within Scotland and is extremely proud of this but it is not limited to Scotland.  It is envisaged that Scotcoin will be used by many people across the world for transferring wealth, goods and services within its new fully decentralized self-sustaining economy.

Website: ScotcoinProject.com

Email: [email protected]

[email protected]

About Bobath Scotland

Bobath Scotland is based in Glasgow and provides specialist therapy to those living with cerebral palsy (CP) in Scotland. Founded in 1995, the charity has grown and developed, both in the services provided and the number of people it is able to see. It offers support to anyone with a diagnosis of CP, regardless of their age or location, and endeavours to reach as many people as possible at its centre, online, and in their own communities.

Website: Bobathscotland.org.uk

Email: [email protected]

Terms and Conditions

Please note you submit your bid on the condition that you have read and accepted all the terms and conditions below. In particular that no lot may be transferred by the winner to any other person (as a gift or otherwise) unless specifically agreed by Rockvilla Pizza (“Rockvilla”).

The starting price of the lot is £100. Please see full auction terms and conditions below before bidding. The auction closes at Midnight on 22 May 2019. All bids are binding. Rockvilla’s decision is final.

1. By bidding for any lot you agree to be bound by these terms and conditions.

2. The auction is open to anyone aged 18 or over. Delivery of the Scotcoin Pizza will be free to the winner. Rockvilla reserves the right to make use of any delivery method they deem to be suitable, of which they will be the sole judge.

3. When you place a bid you thereby enter a contractually binding and irrevocable obligation to complete the transaction if you are the winning bidder. The winning bidder is the person certified to be the highest bidder by Rockvilla at the end of the auction, and it includes any under-bidder who is awarded the lot following the failure for any reason of a higher bid as decreed by Rockvilla. If there are two or more bidders with equal claims to be the winning bidder, Rockvilla will select one by drawing names out of a hat.

4. The decision of Rockvilla as to the winning bid or otherwise, together with any exercise of its discretion hereunder, is final and cannot be challenged, nor will any explanation or reason be given.

5. You are not able to retract any bid under any circumstances after it has been submitted.

6. Before you place any bid you must ensure that you are able to bid for and to buy the lot in compliance with the law and in accordance with these and any specifically applicable terms and conditions. It is the responsibility of all bidders to ensure that, if theirs is the winning bid, they meet any qualification required to be the winner of the lot.

7. If you want to know what qualification is required for the winner of any lot you should email [email protected]. If you are the highest bidder, but in the sole and unfettered judgment of Rockvilla you do not meet any such qualification, then Rockvilla will be entitled without challenge or complaint to award the lot to the next highest bidder who does meet the qualification.

8. The auction will terminate as specified. No cash alternative will be offered. Rockvilla accepts no liability should the lot, for any reason whatsoever, not conform to the bidders expectation.

9. The name of winning bidder will be published on Rockvilla Facebook page, on the Bobath Scotland website and on The Scotcoin Project website. The winning bidder can request anonymity

10. The winning bidder will be sent an email setting out the details for claiming their lot which will include requirements relating to the due payment of the bid fee and other matters. Failure to comply with all such requirements shall entitle but not oblige Rockvilla to declare a bid void, and if so the lot affected will be awarded to the appropriate under-bidder. If the bid is NOT declared void then the winning bidder shall remain liable for payment of the bid fee.

11. It shall be the responsibility of the winning bidder to come to agreement in respect of delivery of the pizza. Rockvilla will accept no liability for non-delivery once agreement has been reached in this regard. All the aspects of the fulfilment of delivery are subject to such agreement being reached over all relevant matters which may include the date such lot is to be made available, and subject to all general and specific conditions which apply to the lot.

12. Employees of Rockvilla, and members of their immediate family / households, are not eligible to bid or to take the benefit of a bid.

13. To the extent permitted by law, Rockvilla does not accept any liability for any loss, damage, claim or costs howsoever arising from or incurred wholly or partly by participation in the auction or fulfilment of the lot.

14. The decision of Rockvilla shall be final and unchallengeable and they may in their absolute discretion declare any entry void. Any exercise of discretion, or agreement, by Rockvilla specified in these Terms and Conditions shall be in their sole and unfettered discretion, and no reasons can be requested or will be supplied and no correspondence will be entered into.

15. In relation to the lot, the winning bidder warrants that the material supplied to us will contain nothing defamatory or in breach of anyone’s rights and will indemnify Rockvilla for any breach of this warranty.

Poloniex announces it will no longer trade Counterparty XCP

NB: This notice is only for those who hold coins on the Poloniex Exchange and is for information only – it has no effect on Scotcoin directly.

Poloniex will stop trading XCP on 17th May.

If you have XCP in Poloniex exchange you must remove them from the exchange by 17th June.

This is another reason why we at Scotcoin are migrating to our own Blockchain. Counterparty tokens and XCP are becoming less tradeable.

This has no effect on Scotcoin directly, and this notification appears as a service to our holders.

Meet Up: Avalon 8 May 2019

Our Meet Up to catch up on all things Scotcoin happened on Wed 8 May at the Avalon, Glasgow:

Scotcoin Charity Work

Tommy Reid from the charity EatUp joined us to explain how Scotcoin is helping them improve life for people in Scotland. In fact that is our mission statement – improve the lives of people in Scotland. As we have frequently said, it is our intention to inhabit the Charity sector. We have several ongoing initiatives which we intend to nurture and grow in this respect, and feel sure this is something holders can relate to and will wish to support.

So, where is Scotcoin at the moment?

New team members: Social Media and Business Outreach Managers

  • Elizabeth Myles –Geddes, joins us as our social media manager. If you have any stories or information you think relevant, please get in touch with her to co-ordinate and schedule posts.
  • Michael Robertson is undertaking a project for us to enhance our reach in the Scottish business community.

He and Elizabeth will be working closely to make sure all our efforts are connected and moving in the same direction.

Development progress

In terms of development, we are well through the work needing to be done both with our development partners and our own technical people, who are obviously going to be trained in what the new blockchain is and can do. There have been many hostages to fortune in the past because this is not like making a paper aeroplane, it is an extremely complex and difficult AND expensive process which moves at its own pace.

Real life examples of how long complex development can take:

  • MaidSafe from Troon who said several years ago they were within a month or so of launching and still have not done so.
  • Interbit, Canada, who are working with International Banks on various projects. They used to be called BTL, but in essence they have continually missed their deadlines.

My point is that large software development programs require patience and time, and ours is no different. But we WILL get there.

Networking Scotcoin

More importantly, we continue to work towards collaboration with other coins and other uses of coins.

  • Women’s Coin: We are in the process of formalising an arrangement with Women’s Coin. Their object is to empower women everywhere and enable them to work for themselves within their own ecosystem. This would represent a large expansion of people who might use Scotcoin and as a result we firmly believe that not only would we have more Scotcoin holders, but also more businesses accepting coin.
  • Blockspot verified: We have recently been verified by Blockspot. Blockspot are the largest and most trusted verifier of Crypto currencies, covering all metrics. We will shortly be undertaking a joint promotion with them which we hope will expand the numbers of our coin holders.

As of now as I’m sure you are aware, Scotcoin is using the Counterparty Protocol, which is in essence the Bitcoin blockchain. Part of that protocol is the requirement that trading on the Counterparty DEX or decentralised exchange can only be undertaken using Counterparty’s own coin, which is XCP- in other words a secondary intermediary token with all that implies for volatility and instability. Once we move away from Counterparty, there will be no requirement for an intermediary token. This in itself will enhance the value of our coin. We intend to be available on a minimum of three exchanges, subject to their requirements. It’s worth reiterating that the reason for the migration is that as we have said before there is no chance that in the future regulators and central banks will allow funds to be sent anonymously with no idea of where those funds have come from, who they are going to and whether or not they have had tax levied on them. This is the whole point of our migration, and we have continually said that our KYC and AML protocols will comply with any and all regulations as required. It should be noted however that there is no compunction on anyone to migrate. It is entirely up to the individual to make their own decision.

There is a very important point here. The entire development process has to date been funded from donations of coin or money from the holders of the IP. Yes that coin has then been sold, but that does not detract from the point that we donated the coin in the first instance to the project. In other words, people buying coin received value for their money. Effectively, so far, everyone  has had a free ride on the backs of the IP holders. In addition, we have several hundred wallets which, for whatever reason, have very little Scotcoin in them – indeed, some of them have less than one SCOT. It is our intention to close out any wallets with under 100 SCOT in them prior to migration. We do, however, wish to keep these wallet holders as our continuing holders. In order to do this, at the moment we are current selling at the equivalent of just over £14 per 1000. We will shortly be offering limited coin at a heavily discounted price to enable people to participate in the migration who presently would not be able to be a part of it. It should also be said we will accept other Crypto currencies in exchange. If you are in this category, and wish to participate, please get in touch with myself. It is also worth mentioning that Scotcoin, the coin, is distinctly separate from The Scotcoin Project. The latter is a CIC with the task of educating and explaining blockchain and crypto currency to people in Scotland. Scotcoin is one of many crypto currencies which we hope will become defacto the one and only crypto currency for Scotland.

I would refer back to our previous ideas about the migration. We have  had feedback from holders and our idea of aligning existing SCOT to nearer £1 per Scotcoin by the compression of 100 SCOT into 1 NEW SCOT ( colloquially referred to as V3) has not been well received. Accordingly we are rethinking this and will advise in due course.

The costs associated with the blockchain are of the order of £250,000. In order to fund the blockchain it is clearly unfair that the IP holders should pay for everything as it benefits everyone else. There are still holders of Scotcoin who have never bought any, somewhere in the region of 150-200 at last count, having been given them in an airdrop at the beginning, and hence never contributed anything to the ongoing costs. It is our intention that our new blockchain will be properly and fairly funded and for the benefit of everyone within the Scotcoin community.

The existing V2 coin on Counterparty will in the first instance be exchanged into an ERC20 token. This alone will enhance value considerably, although, as already stated, no one has to migrate if they don’t want to.

Moving onwards, we have said before that we intend to have an advisory board, and to this end we would be pleased to receive suggestions and have candidates come forward. The board will consist of 6 to 8 members, will probably meet 4 times a year, and its members will receive Scotcoin for their efforts. They should all have an interest in Scotcoin and what it can do for Scotland, as well as a vision for its future. Please get in touch with me [email protected] for the above, or indeed for anything else you want to talk about.

One last thing, I did an interview with John Beattie of BBC Radio. It was quite a long interview and will certainly be cut, but it will be available from tomorrow as far as I know at the moment.

Also we are in the final stages of testing hosting which we will sell in exchange for Scotcoin. We also intend to offer SEO services, keyword research, website development all in exchange for Scotcoin. We will give full details at our next meetup.