Bitcoin Forum

I am completing a solar farm in Silicon Valley.
The facility is selling electricity to the municipality.
I need about 1,000 bitcoins to help me completely pay off vendors.
Loan is for five years (four years possible).
I would be very interested in having built a bitcoin financed solar farm.
I am in the process of putting it in BTC Jam if there is any interest.

K....... good luck with that loan

I am a newbie and would like any feedback.  I have looked through the threads and have seen things all over the place.
If there are things that work better than others, let me know.  Thanks.

Bitcoin Loans for real money over several years are crazy. Bitcoins could be worth $0 or $100.000 a BTC by then.
Better have the loan be in dollars / bound to the dollar value (payments can be in BTC though)

Don't ask for a 1,000 BTC loan (>$100,000 USD) as a newbie.  Nobody will take you seriously especially given the extreme lack of detail provided in your request.

1)  Build up your reputation by successfully completing numerous transactions and compiling your positive feedback.

or...

2)  Make a better "elevator" pitch, but forget the elevator.  You need to come at us with detail.  Convince us without a doubt that you have a means of paying back the loan within the given time frame, and with a loan this size, be transparent about your identity.  People will want to know -- also without a doubt -- that they will be able to track you and find you if you fail to repay.

Edit:  Better yet, just imagine what it would take to convince you to give me a 1,000 BTC loan.  I am "the joint" and you know nothing about me.

Thank you, very much.

I am the President of 510nano, a renewable energy firm.
My Chief Physicist turned me onto bitcoins.
He's been mining for two years now and thought that bitcoin financing would be great for this project.
For interested investors, I will give them access to the data room for the facility.
The first revenue contract is with Los Gatos, CA.
It is a 20 year contract and pays out at about $45,000 per year.
If you are in the area, I can direct you to the facility for your personal investigation.
The project will be placed into service in about two weeks.
All of the panels are on the rooftop, we are just finishing up wiring now.

In short, source of repayment is the revenue contract which is large enough to support the financing.
We have been in business since 2005, initially building new technology.
Albeit, this project uses commercial off-the-shelf technology.
Please let me know if there are other factoids that will be helpful.

Again, thank you for the feedback.

Dank, is that you? 

No, I am not Dank.

See www.510nano.com.

http://www.houroffice.com/

Why are you using a business center?

We are a small shop.
We do not want to spend too much on overhead costs.
Is using DC offices a negative for a facility that is built in Los Gatos, California?

Well you talk about a data room in a facility, you say you employ a "chief" Physicist (implying you have more than one) and you post things that make you appear to be a rather large company.

I guess anyone can appear to be bigger than they really are on the internet.

Data rooms are common for project developers as a repository of information on a project.  For this project, the information is a dropbox file.
We are who we are, no more, no less.

Back on topic.
We believed that it would strategic to build a bitcoin financed facility.
  1) USD hedge against bitcoin market fluctuation
  2) good press on bitcoins financing solar energy
  3) help to a small solar business
  4) investment to pay down vendors against a revenue generating facility (in three weeks)
  etc.

We would be able to pay the lender back in USD based on a loan of about $120K or so.
Collateral is the facility itself.

Thank you for your interest.

Where did you get the layout for your site?  I like the design.

I also like their pro 1337 apache skillz: http://www.510nano.com/static-images/

There's a long-term loans section of the forum that may be better suited: https://bitcointalk.org/index.php?board=88.0.

Are you planning to break this up into several smaller loans?  Or are you looking for one big lump sum?

Generally speaking, taking out a BTC loan to pay for items in fiat money is an exceedingly bad idea. Even a small fluctuation in the wrong direction will send the debt you owe spiraling out of control. Your best bet is to secure your funds through traditional methods.

If bitcoins became worth $1,000 each within the time frame you have set out, how would you propose to pay them back?

Maybe he's hoping it'll flop and he only has to pay back $10?

Do you also sell Alpacas (http://www.bigskyalpacas.com/index-1.html)? (Just kidding.)


http://templates.bigwebmaster.com/website-templates/20347/greensoft-website-template.html

EDIT: You should update your address as "Suite 510" doesn't actually exist (according to DC Center's managers). It would be Suite 500, Office 10a/10b. (There is no mailing address "510"). I'd hate for you guys to miss any legal documents down the road.

https://i.imgur.com/Irmk1SR.jpg

I see you will be in SJ.  Maybe I will see you there.  Do you have a booth?

Friend of mine from grad school helped us out with the site.
He has been in the business for 20 years, now.

Thanks.

I figured that it would be a few investors, rather than just one.

Bitcoins will finance the facility based on USD return scenario.
And so, the facility and its cash flows provides a hedge against market rate fluctuations.

We have been using 510 per management's approval since we got there some three year's ago.
No updating required.  Thanks.

Thanks.  I understand and appreciate your honesty.

We will be there but will not have a booth.
And from the looks of it, will not be advertising this project.  :)
I hoped to express to other markets the pervasiveness and relevancy of bitcoins and renewable energy.

I hope the best for bitcoins and renewable energy.
Investment stratagem was based on USD using bitcoins.

You can try to do a crowdfunded long term project using BTC.  Just tie the project to the USD.  You can do this on BTCJam.

Just specify it as a USD denominated loan at a reasonable USD interest rate and see if people will lend you BTC.

Personally I would not loan you BTC for a USD denominated loan because I expect BTC prices to rise over the next 5 years so on a USD denominated loan I would get back less BTC, and possibly much less BTC, than I put into the loan.  Sure I would make the USD interest but I am long BTC so it makes more sense for me to just hold the BTC.

Thank you all for your comments.

I will set up a portal for interested parties.
With that, I will share a mutual NDA with you and give you access to the dropbox file on the project.
If you are to go to the conference, you will be able to visit and view the facility.

I will get the information out by Sunday.
Thank you again for your input and interest.

There is something odd about a company that wants to raise $100,000 and advertises only on a bitcoin forum.

Excellent timing!
I'll be driving through DC on my way back from Detroit -- funding a monorail project there, I'm excited!  Bitcoin @30%/week + free monorail rides for life!  Meet me around 8pm on Monday  -- at Wendy's, the one off 495 off-ramp, right next to the cheap Getty station, not the one next to Midas Muffler -- you know the one.  If we agree on the terms (same deal as the monorail guy: about 1000BTC @about 30% (thirty per cent percent %) per week interest, compounded ... oh, weekly or thereabouts, and your word of honor to pay back just about everything in something like five (Five) years ), I will buy you a sandwich of your choice, small fries OR coleslaw + 1 large beverage.  My treat.  Deal? oktxbi

Any renewable energy company that has existing contracts is a 'shoe-in' to get a loan from a bank, especially in a state as progressive thinking as Cali (well, except for their budget).

Why are you here looking for a hedged loan in BTC?

You're asking for someone to fund ~$125k for your business's project, that the city is paying for? Anyone having dealt with local/regional government entities knows this is not how they do business.

AND, after all that, you want to repay in 5 years? Are you new to Cryptocurrency? Do you not realize BTC value fluctuations? We're at the cusp of social awareness of BTC, $1000/btc is a very real possibility within that timeframe.

Honestly this whole thing reads out like a total scam, whether intentional or not doesn't matter.

MAYBE someone would give you a loan if you gave them the deed or ownership of something valuable as a security deposit IE your house. if you live in DC or near it houses their are expensive as hell. maybe if you sold your house and rented in the meantime you could just get the money yourself? i mean i would do something like that if me needing to startup something. the solar farm does look interesting. you only need a fuckload of sun and done.