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Title: Potential massive new use for cryptocurrencies - seed money to businesses. Post by: steelhouse on December 03, 2013, 09:12:06 PM To provide seed, crowd-funding, and a pseudo equity position for businesses. I remember reading a Warren Buffett letter to shareholders once in which he offer those attending the annual meeting a discount on Geico auto insurance. He was offering a discount to stockholders of a company. Suppose the company was generating 10% profit per policy, however the policies to shareholders only offered 2% profit. You as a shareholder would have to use less after income after tax to buy a product. The company would pay less corporate income taxes.
What if bitcoin offered to fund a business for $5000 worth of bitcoins. In return all users that pay in bitcoin for the site get a 10% discount on products permanently. Say the average profit margin is 10%. Thus acting as a community we can crowdfund businesses and get a permanent tax free dividend of lower prices. Pay With Bitcoin 10% discount Title: Re: Potential massive new use for cyryptocurrencies - seed money to businesses. Post by: 12648430 on December 03, 2013, 09:21:54 PM > What if bitcoin offered to fund a business for $5000 worth of bitcoins.
Who is this "bitcoin"? Title: Re: Potential massive new use for cyryptocurrencies - seed money to businesses. Post by: bbit on December 03, 2013, 09:22:47 PM > What if bitcoin offered to fund a business for $5000 worth of bitcoins. Who is this "bitcoin"? This ^^ . Title: Re: Potential massive new use for cyryptocurrencies - seed money to businesses. Post by: Lauda on December 03, 2013, 09:46:50 PM I actually saw some business accept it, and you get a discount of 10% for paying in bitcoin.
Title: Re: Potential massive new use for cyryptocurrencies - seed money to businesses. Post by: steelhouse on December 03, 2013, 10:42:40 PM > What if bitcoin offered to fund a business for $5000 worth of bitcoins. Who is this "bitcoin"? What I mean is you can ask the community to help fund your project with the reward that you will be a discount of 10% forever. USD users would have to pay full price. Yes, you can have some "insiders" that might get a 20% discount (that funded the project). On indiegogo, you get to buy a new innovative product on the cheap. This way all bitcoin users get to participate. The profit is earned on the USD side. Say you need 20 BTC to buy CNC mill that you want to make a box. This box might cost $100 for USD dollar users, but $56 for BTC users. It adds value to bitcoin network as a whole. Title: Re: Potential massive new use for cyryptocurrencies - seed money to businesses. Post by: steelhouse on December 03, 2013, 10:44:43 PM I actually saw some business accept it, and you get a discount of 10% for paying in bitcoin. But, I want to actually initially fund the business to earn this discount. This would mainly be offered to miners/pools/investors with large hoards of coins that want a way to give back to those that missed the boat. The BTC fund the capital of the initial business. Title: Re: Potential massive new use for cryptocurrencies - seed money to businesses. Post by: corebob on December 03, 2013, 10:51:06 PM I think bitcoin implies a different company model where the crowd-founders is the ones that owns the company.
Title: Re: Potential massive new use for cryptocurrencies - seed money to businesses. Post by: 12648430 on December 03, 2013, 11:08:36 PM > This would mainly be offered to miners/pools/investors with large hoards of coins that want a way to give back to those that missed the boat.
People sure come up with a lot of solutions to the problem of "I have too much money" |