Replies to post #13747 on First Bitcoin Capital Corp (BITCF)

[srm4u]

NOTE 9. PRE MINED SHARES
The company allows its shares to be mined on its own blockchain and rewards miners with those shares mined
based on Proof of Work (POW) similar to Bitcoin and identical to Emercoin mining from whom we obtained a
license. We pre-mined nearly all total mineable shares (20,697,000,000) based on authorized capital and total
mineable of 21,000,000,000 shares. Pre-mined shares are held by the company in wallets for future issuance
and we treat same as our authorized capital, similar to treasury shares. Public miners or owners of shares on
the blockchain also earn shares through Proof of Stake (POS) and since the company holds in its own wallets
nearly all mineable shares, it earns most of this proof of stake. During the second quarter of 2016 when mining
was launched miners were rewarded a total of 1,000,000 shares of the company through both POW and POS.
During the second quarter of 2016 when mining was launched miners were rewarded a total of 1,000,000
shares of the company through both POW and POS and during the third quarter 1,567,956 shares. The balance
of mined shares came into the possession of the company through both POS and POW. The mined shares by
the public may trade on crypto currency exchanges outside of the United States of America and may be used
as a new crypto currency in commerce should such develop over time.
The company has issued number of units of various altcoins on the Bitcoin blockchain using the Omni protocol.
These altcoins are now listed on at least one foreign cryptocurrency exchange. Also known as crypto assets or
cryptocurrencies, these coins are comprised of the following symbols: $HILL $PRES, $GARY, $OTX and
$TESLA which are trading sporadically with nominal volume and since the company owns from 19.9% (TESLA)
to nearly 100% (OTX) of these five symbols, the company books these assets at their nominal cost basis. The
company intends to utilize these altcoins for credit/equity enhancement and as deal enhancers on potential
mergers/acquisitions.
Nov 16, 2016 Quarterly Report - Q3 2016 report
http://syndicate.pinksheets.com/stock/BITCF/filings