Bitcoin Forum

THIS IS NOT A PROPOSAL! THIS IS A ROUGH DRAFT AT BEST! AT BEST!

          Hello, I am wanting to create a bond. What I am proposing is I start a security on litecoin global with 1,000,000 shares for max expansion. I purpose for 25 litecoin a share invested directly into mining rigs. The benefits would be low buy in for a skys the limit company. I purpose a website with a domain name something the long the lines of Myhashingpower.com or something where stock holders can see a live update on exactly what im hashing and where its going also with a daily out look on revenue. As an investor you would be investing into the equipment and domain name both of which would be liquidated and dispersed evenly across the share holders in an event we fall apart or take a loss for more than 30 days.  Now the advantages of investing in me would be the know how to build and operate a mining rig and most importantly the energy it costs to maintain such rig would be on me.

          My current hash rate is low as I am using the same computer to mine as I am using to write this thread. The possibility of expansion is based on the shares I sell. As a stock holder you could watch my company grow right along with the profits that come with it. I currently make about 2-4 litecoins a day and that number would rise based on the equipment I am able to purchase. 40% of all litecoin mined daily would be deposited as a dividend daily. the other 25% is for cost of electricity and other expenses like internet cost domain name ect.  25% for expansion (we will constantly be upgrading and buy new equipment) and 10% directly in my pocket. All expenses and electricity cost would be broken down exactly to the tee every month or daily, and if any remaining from that 25% would go into a bonus for shareholders.

          My goal would be for shareholders to have a real time view on exactly where the money is going, where the money is currently located and obviously how much, for example I would like investors to see the 25% expansion fund rising along with the 25% expenses fund exactly showing where our deductibles are going ect. I would like to be able to show investors everything I see. Now that being said those numbers are experimental and open to change for example it would be nice to squeeze out a 5% or the remaining expenses fund (which could be a bonus) into a lottery exclusive to shareholders on my website where every week or month some lucky person makes a little extra. I want a webpage that puts the shareholders in control!

          The purpose of this thread is feedback. I would like advice suggestions or a better business formula. Would you invest into a starting business like this? Do you think the risk is too high? I find the major advantage would be being a shareholder at the early stages of development is at 25 litecoin a share as soon as I sell enough shares and invest them back into the company and REALLY start hashing out some litecoin the bond will rise in value making it harder to buy in at such a low price. With that being said, invest 25 litecoins today and watch the dividends trickle in slowly at my CURRENT hash rate or invest 1000 shares and watch my company expand and REALLY start making us some money.

          My bottom line agreement is that the money I obtain from shares will 90% directly be put into the company for expansion. The only profit I make is the 10% from shares and the 10% from daily mining. So current day I can mine 2-4 litecoins daily so with your very first investment you would be looking at a return with no downtime, the possibility of more revenue would come from the equipment I am able to buy.

          The 1,000,000 share idea might be unrealistic and that is why I'm writing this thread. I want max expansion and if I only started say 1000 shares then after 1000 shares are sold at 25 litecoin thats approx 1903.25 usd current date and that would be ALL the money I could work with plus the 25% I get from mining for expansion. That may seem like a lot of money but I am not about to dedicate my time and effort for something that has a limit like that. I am willing to invest 24/7 my time and effort into this and at 1903.25 that is just enough to buy 1 decent rig. I want to buy and expand as much as possible. I own 30 acres of land, I have two addresses with a total of 4 power meters and 200 amp service, an associates in business and accounting so I know my shit. 1 mining rig is inky dinky to what I am capable of doing here. Yes I could just start a small business with 1000 shares but at 1,000,000 shares the sky is the limit and if all 1,000,000 are sold that is a 1,903,250.00 dollar business and if I can invest slowly from shares and expansion fund, the profit by the time I sell 1,000,000 shares I would own this market completely but its gotta start somewhere.

          So lets say I manage to actually sell 1000 shares. That is 25000 litecoin 1903.25 current day. If I could get 100 litecoins (which is way undershooting realistically) a day a share would be valued at 0.1 litecoin. so in 250 days you would break even and start to make a profit. That's a low ball average too. For 1900 bucks if I cant mine 100 litecoins a day with that kind of hashing power than something is seriously wrong.

          I would like to reserve the right to switch crypto currencies based on market value demand hackers ect. I want to mine whatever is most profitable and at the current day in age litecoin is where its at with the rise in demand and bitcoin reward halving. The equipment Ill invest into would be versatile in that area. I would NOT invest into an asic for more reasons than one and the most important reason is that device only hashes sha256 that's unacceptable if something were to happen to bitcoins market value. Not saying we as a company couldn't mine bitcoins or upgrade to that level of power no, what I am saying is that I refuse to be stuck mining 1 crypto currency when so many are out there and the market for them fluctuates frequently. The only constant would be payment in litecoin, unless the value drops completely in that case we switch to bitcoin and find a new platform to sell shares on. Regardless you as a shareholder will ALWAYS be paid DAILY and have access to a forum on my webpage that shareholders can point me in the right direction for new or used equipment issues ideas ect.

          As far as verification I would be willing to give anyone a copy of my licence, my address that you can verify on google maps and recent pictures of my property so you know its legit and anything else you would like to see or have as verification I have NOTHING to hide and if your a psycho and wanna rape me or something good luck because I have cameras sensors and a whole arsenal of weapons including my Glock which never leaves my side, I also have a permit to carry and conceal so good luck catching me outside my house  ::) .

         That being said in two weeks I will be starting this business on litecoin global as soon as I invest the correct amount of money I need to get started properly and the domain site. The idea will be the same but the numbers may change, this is why I made this thread. I want feedback on what you as a shareholder would like to see. The bottom line question is would you invest 25 litecoins in a business like mine? (yes I know there are other bonds out there) what separates me from other bonds is the expansion possibility as those other bonds are stuck in a rut with whatever low amount of shares they started with and now there is NO ROOM for more profits only the slow trickle down effect you would get anyways.

          My goal I would like to see someone invest 25 litecoin and in less than a year that turn into 100litecoins. Thats my goal. That's my objective, to make as much money for EVERYONE as computerly (yes i made that word up) possible. What do you think? Would you invest? If not, tell me why and what I could do to gain the trust and respect of you fellow miners or respectively give suggestions on what would make this business successful. This will be happening in two weeks regardless you heard it here first (currently working with my webpage developer as we speak and she has tons of wonderful ideas to long to fit in this thread). Jump on board the express lane to true economic freedom and join me in the vision of quitting your day job  ;D Thank you have a productive and hopefully profitable day.

Divide your posts in to smaller sections and emphasize your main points, leave the rest for discussion.  Walls of text go unread.

I hope its an easy read for everyone. Believe it or not I spent a lot of time writing that. Any suggestions other than my lousy paragraphing?

If you intend to use the proceeds of the bond to buy some paragraphs and return keys well sign me up for a 100 shares.

rofl grammar is not my strong suit, I was the nerdy kid in class that helped everyone with there math assignments :)

I should have had my girl friend type this out  ::)

Its a lot easier to read now than it was before, but this doesn't really belong in speculation, more like securities.

So what does the sum of 1/(2^i) for i=1..infinity converge to?

trick question, that formula does not converge or it is 0 and your picking my brain now

1?

The only reason its here is because I have not came up with a name yet, and this is currently all speculation. Obviously when I launch I will post in securities starting the launch of my bond. This thread is for advice and interest from fellow investors and miners.

Ouch and it was an easy one ....

Seriously on the propsal in the OP. I recommend taking a copy offline, cleaning it up, and in the meantime redact the contents of the OP.   Now.  Honestly step back pretend someone else just handed you the OP and read it from an outsiders point of view.  Would you give money to someone who presented that plan to you?  Honestly?  Going into side topics about people coming over to rape you, and how you own a Glock?  Joking or not is comes off as childish and dysfunctional.  Generally when trying to get others to invest money coming off as childish and dysfunctional is not a good thing.

I understand but I do worry about giving my personal information to anyone who asks for it, but you are absolutely right. I ask from you all to focus more on the business model rather than my grammar or adhd attitude. I type like I speak and for that it may be a flaw. I made this thread simply to see if the business model (if you can find it though all that text) would work. More so the amount of shares. I could have summed this whole thing up by just asking, do you think a million share bond is reasonable? But, instead I was open and honest about everything in my life I am sorry if I or that came off as childish or dysfunctional. I am 28 years old working tech jobs self employed. I am really getting sick of fixing peoples computers for a living. I want to try something else I am good at, which is running a business. If this does not work or falls though, my only option in life is to find techs like me to work under me and I can dish jobs out to them. Also keep in mind, this is no where close to an opportunity proposal or else I would have posted this in securities, Im just asking advice and I am getting it yes just not what I was expecting, maybe that's a good thing tho because you are absolutely 100% correct. Oh btw what was the answer to that equation?

0!

1!

The answer is contracts with small businesses.  Once you have a couple of those, you get someone to take your place and train them one location at a time.  As they take over more stores, you get more contracts and eventually bring on another tech.

In my area businesses are glad $2000/month for 4 hours a week of work.  You show up every week and take care of everything you can.  When there is no pressing issues, you spend the time improving their setup, further reducing your maintenance burden.  You provide hardware at cost and set it up during your normal 4 hour shift.

No need to take out debt to make this happen, except possibly short term credit to finance equipment.

0! and 1! are correct, as is 1.  0, however is not correct.

you just summed up my total existence in that short response. That is EXACTLY what I do. For example, everyone noticing those double drive though in McDonalds? Yes I have that contract and atm its what I am focusing on is the installation of the COD's. (drive though menu boards)

I ment 0! obviously. I knew it was 0 or it didn't converge at all

0! =/= 0

0! = 1! = 1

        Lets get back on track here, on litecoin global I've invested into almost every security on there. I could careless about the person running it simply because anyone could flake out and liquidate everything in the blink of an eye and have the most professional looking OP you could think of. Least with me I am being honest and up front about everything. What I care about is money. Making money to me is all I care about. I look at dividends and trade history BEFORE I read the OP. Anyone can make an OP but not EVERYONE can make money. What I am interested in and the purpose of this thread is do you think a million share company will take off? Or do you think people will see that high share limit and be like wow my 1 share will be worth pennies once 1,000,000 are sold? In my opinion that one share would be worth more then, than it would be now, but I'm not sure if people would agree with that or even see that. My main goal is expansion, or else id make 100 share bond right now with my current hash rate and maybe in 5 years ill make enough profit to expand.

Please don't look at this thread as an OP. It most certainly is not even close to a proposal. This is a you heard it here first and give me some advice thread.

Why dont you offer something different and let people invest in that...yet another mining bond is meh.

Some key things I'd like to point out.

I want a webpage shareholders can converse and see live updates on my progress.
A bond that DAILY pays dividends.
Verification of any and all personal/business information including audits if necessary
Low buy in for a potentially huge business
A constant future forecast of expansion
My property is a fortress (was the point talking about my glock32 cameras and sensors) protecting our investment
My electric costs are low due to using a windmill for SOME of my power.
Someone who's willing and capable of maintaining our investment
Someone who knows better than to invest into an asic for a number of reasons. I'm from the show me state, and even then we'd be stuck mining bitcoin no matter what.
I live cheap and I am easy to get along with, I am a tech who deals with people on a daily basis.
Lastly I want to start a bond that has HUGE growth potential, something the others are not doing. They put out 2000 shares get some quick cash and go about there day. I will invest every last dime I have into this company because at this point in my life I really don't wanna kill my self working until im 65 and I need some security in my future, even as uncertain as cryptocurrency I really feel like we all are on the break though of a revolutionary time in our lives, like many of us who was there for the birth of the internet.   

Ok, what would you recommend then kind sir? I am open to ideas, it just seems logical to start this bond due to the fact I feel like the rest aren't expanding nearly as fast as they could.

There was a mining company that reinvested 80% of the coins but the operator ended up losing most of the coins.

This is for Monster Tent. I do not want to quote because of the length. No need to quote a whole thread. Do you know why or how he LOST coins? Did the market shift? Any information would be helpful. I find it almost impossible to LOSE coins when your financing a rig to mine them. Not that I dont believe you, I would like more details without giving away names.

Any disaster stories are welcome, I need to learn from others mistakes. There mistakes could be our benefit.

    I feel that if I do more homework and future educate my self about this particular market I can become quite successful in making a ton of money and I have so much to learn obviously. I have been watching other stocks bonds and funds operate. I come to realize each and every SUCCESSFUL company I have seen dealing with cryptocurrency has had an owner that was an expert in one or more particular areas. Be it a programmer that coded one of the mining programs I am using. Someone who knows how to make there own hash algorithm. Someone whos master at advertising and has flashy gambling websites. Even the master shamer (they might be legit  ::) ) of the asic's which has made more money than all these company's combined.

      Most of these companies have failed or have been failing and I can safely assume the ones that ARE successful are the ones that KNOW HOW TO MANAGE THERE FUNDS! This market is BOOMING! This is the breakthrough of the century and you really gonna tell me you got companies folding? Plaaeese  ::) Whats really the problem? People are inherently greedy and only think of the small picture never beyond the quick buck. I see this market for the big picture it is. I am a hound dog for making money, my first investment was giving whatever snack desert came with lunch and breakfast in school to a kid who was older than me and could buy cigarettes. Well that was a bad investment now I think of it lol. Wow that was the WORST investment I ever made bad example lol. I come here today really for the simple fact I dont wanna invest the 2 grand its gonna take to get me started (but I damn sure will If I have to). I just don't have that kind of money to invest anymore or I would do this myself and make a company from that but charge way more than 25 litecoin for a share of the pie lol. This is me coming to you all open minded and saying hey I am starting out here, I'm new to the blockchain crew basically buy into me wile im cheap lol.

     I have been fascinated with mining, the market,the advertising, the other businesses ect. Mining is like working in real life. I have completely self adsorbed myself into this it more and likely will cost me my relationship with my true love in the end. I am here telling you all I can do this. This is my area of expertise making money from something that does it for you lol. I like to make my money work for ME. I could buy my own rig and do it myself but I would still make a bond out of it and I will no matter what make this company, be it on litecoin global another platform or even independently.

     There is NO REASON not to do this when the potential is almost limitless I can't just sit back idly by and watch all these companies folding. I rather invest my money into a mining company with the soul purpose of constantly growing larger and larger until i reach a 200 amp limit on all my meters than someone just wanting to sell a couple of shares and make a quick buck. I would invest into commercial property and make a factory with this like a server farm. You all have no idea what possibilities are possible. My only fear is that I am not to late and there ain't too many people like me out there with the same ideas.

     Don't look at me as just a mining bond, thats just the backbone. You are investing in ME and the company as a WHOLE. I plan on taking this to levels no one even dreamed about, but its gotta start somewhere. I can make this company a complete legit functional operational mining business that makes REAL money with a cash reserve in case the people who are way ahead of us and has a million coins that controls the market cant f us so badly, that really is the biggest risk I see. All we can do keep on hashing along and there very well may be a point in the market in which we are the ones investing. that then would be a time a motion would be set to liquidate but even then I don't see that happening for a VERY long time if ever.

     As soon as someone starts a business like this it will catch on like it already has. I know there are people doing exactly this, but I feel like I can take it to levels everyone talks about but no one has seen yet. I want to put this market on the map and make it an accepted currency worldwide (not just underground). This is so revolutionary the idea of crypto currency its just mind blowing this hasn't been thought of in the 486 days with the birth of the internet. AND NOBODY KNOWS ABOUT IT! Out of the billions of people in this world, who knows how to use a computer CHOP 50% who knows how to use a computer to do more than just play games cruise internet and post on facebook CHOP 5% who actually knows about bitcoin? CHOP 1% if your lucky. I want to take control of the 50% who know how to use a computer ya see?

    I gotta start somewhere and I gotta make short term goals. I need contacts and connections. I have real life contacts and connections. I lack ones in the online field. I need a team of people who are all experts in there areas. I hope as time goes on and the launch of this company I will be able to meet outgoing and motivated people wanting to turn a revolutionary concept/currency into a revolutionary company. I feel I can lead everyone who trusts in me to great success and riches. Today was not a proposal more like an introduction. I am who I am and I'm here to stay so get used to me and know who I am because I am a boss.

BTC! <----------- I win.  :P

honestly? why can't some people take the time to write better subject lines

yeah.... in order for people to want to work with you you have to bring something to the table. As of right now that consists of entertainment from high hijinks of a guy dreaming up lofty dreams. No capital, no skills, no understanding of how competitors already have a leg up on mining before you could ever start. Try again. Or start a pot farm. Seems like your limited skills would be better put to use in a paved industry like that.


You'd be correct. Although to how far of an extent I do not know. If you do the McDonald's drive thru things, why was your first thought of investing in bitcoins through mining? POS services should've been your first idea.

           Ugh, because I am stick of running cable though conduit. And until that's all you've done for the last 10 years you'd understand why I would want to do something else. I am done being the computer guy ya know? What I bring to the table is I have been self employed sense I was a teenager. I have what it takes to run a business and pay employees. I have an EIN Employer Identification Number that allows me to take taxes out of pay for employees along with a number of other things. I am going to do this regardless of anyone's help. I just know I can get there a lot faster with help than without help. It doesn't matter because I am constantly educating myself in anything I am interested in. This being an interest of the highest magnitude. What qualifies the other businesses? So, I don't code the miner program you are using, so what? It's open source if I really wanted I'd find a coder and have him make me a personalized miner specificly tuned to the rig I have. In fact that is exactly what I would do in the future. I do not want to rely on some mainstream miner program that everyone is using. That is just an example. I am no more qualified in a technical sense than anyone able to use these forums and mine some bitcoin. What does qualify me, is my ambition and willingness to learn more everyday. Most people are inherently greedy and lazy. I try to be the opposite of both and constantly better myself. That alone qualifies me because I don't think people realize how hard it is to run a business, they just look at it like you are your own boss and leave it at that. I do have capital and I am willing to invest it but not at this very moment am I willing to go all in, and when I do, you really think I'd only charge 25 litecoins? Like I said when the time comes and you see my company advertised know you had the chance to buy in cheap and now you can pay 20 dollars a share like everyone else. Good day