Bitcoin Forum

This is the BUY thread for:

The Fate of Satoshi, a Bitcoin graphic adventure [CrowdF + Equity]
https://bitcointalk.org/index.php?topic=436951

Please take a minute and carefully read that whole thread first !

(and mods, please tell me if I need to move this somewhere else)

----

5. The CrowdFunding + Equity Share model, Payments and Escrow

Update 14/02/06: Prices updated.
Update 14/02/07: Prices updated.
Update 14/02/10: Prices updated.
Update 14/02/13: Prices updated.

We want to fund the game production by selling pre-orders and a total of 49% stake in it.

All of the game’s sales income (excluding the Equity sale itself) will be split among us (51%) and the Equity holders (49% total, 0.1% per share, 490 shares), in the form of monthly BTC dividends to the address used for payment. From release and till the end of times.

BUT we can only go ahead with the project if we get at least 20% of the Equity “funded” or sold (which amounts to 10.000 USD or 12 BTC at current rate). This is the bare minimum that would enable us to cover the costs to do this professionally and in a sensible timeframe.

For this reason, we have requested the help of gweedo (BitcoinTalk Hero Member) to do all transactions through a trusted and well respected escrow, granting us the possibility of doing a full refund if our target is not met.

The payment addresses will be held and posted by gweedo below (I’ll copy them on this opening  post), and they will only be released to us IF and when we reach the goal of 20% stake sold. If we don’t manage to do that in a maximum of 45 days, all funds will be returned.

That said, we want to make this happen and keep it as simple (and profitable) as possible for everyone involved so there will be just two tiers:

(I’ll keep the BTC prices updated twice a day according to market fluctuations, please always check this or the BUY thread for the latest price before you proceed)

+ Tier I: Full game pre-order + early access copies (no equity!)
Price: 10 USD worth of BTC: 0.0164 BTC at current rate

Send BTC to
1sHPHTwXg1EoXj9bTNZT1eHTxKj6gVu6t
and post in the Buy thread:
xxxxxxxxxxxxxxxxxxx


+ Tier II: Equity shares + Full game pre-order + early access copies
490 shares total, worth 0.1% of the game each.
You can get as many shares as you want.
1 game copy per original shareholder (not share!)
Price per share: 50 USD worth of BTC: 0.0818 BTC at current rate

Send BTC to
1Hm89NoTN9MZ1Sy4H944f37AapWrtyypmy
(to buy X number of shares, send the total amount (X * 0.0818) in a single transaction !)
and post in the Buy thread:
xxxxxxxxxxxxxxxxxxx

+ Donators: If you feel you appreciate the idea but won’t be playing and wanna just help out:

Send BTC to:
1Mw6YEiGaZFoCnLGcJR39PBxWmKwqQwkXB


IMPORTANT: Make sure you send the BTC from an address you fully control (ie you own the private key) and in a single payment ! We will be doing all accounting, tracking and confirmation through the addresses and BTC itself: we’ll be requiring a signed message when the time comes to deliver the game and all dividends for Equity holders will be payed out to the address you used to pay. It is absolutely vital that the address you used can receive BTC back and that you control the private key.

---

gweedo, our escrow agent for the whole operation, will post his details below and use this thread as confirmation for all transactions !

Done, thanks a lot for your help gweedo.

any way we can see a small demo or plot of this game?

Yes !

This is the BUY thread (on a sidenote, please try to keep this one clean), please refer to the complete proposal thread, where we have posted all the previews and early assets, and is open for questions and discussion.

This is the proposal thread.
https://bitcointalk.org/index.php?topic=436951 

We will keep posting as they become available.

Just sent you 0.01225 BTC :) best of luck to you.

I love this concept. The art looks really slick. I just sent 1.223 BTC to https://blockchain.info/address/1Hm89NoTN9MZ1Sy4H944f37AapWrtyypmy (https://blockchain.info/address/1Hm89NoTN9MZ1Sy4H944f37AapWrtyypmy) for 20 Shares (@ 0.06115 BTC per share). I also included the following - Public Note: BTT Alias: The Fate Of Satoshi, 20 Share Purchase. Transaction ID: 70a8a0d1c706dab1c1d72519d753979381e4f91682134a638d2977d079e9873f.

If you don't get the full 20% stake sold, I might buy the difference. E.g. if you have sold 17% by the end of the 45 days, I would buy the remaining 3%. I want to see this game and this funding/equity model succeed.

I would encourage you to distribute the shares via the Counterparty Protocol. It is simply a higher level protocol that lives on top of the Bitcoin network. It would automate the dividend process and allow for shareholders to trade shares. Likewise, if you guys wanted to liquidate some of your shares at a later date that would be possible. I'd be willing to donate some XCP to the project if required.

Thanks,
Al

I'll quote this too for additional security.

Just sent 0.3999
transaction id: 38a73d0f0a7fab746a003ea88c8dcdf8416ae15a3be2c3ffa5546eba72127d16

"transaction id: 38a73d0f0a7fab746a003ea88c8dcdf8416ae15a3be2c3ffa5546eba72127d16; please do not refund. consider the rest a donation..."

signmessage (without ") and with address 19wTGvfHhAjxwynxjmY9XoTYP7fAuuWmVz:
 G/YCDw7yOb7/HaB+zSuJWwHzYdlz64+Qn190Cs2xDa06Fnt1bo8D8uxdCwBLSehATRA+oA+9jd3rFnOvmsCyRJI=

Done. Signature:

HIqn1GK0qnCTyTnAU6rx/pGa59nGpbFPS4/sd2ji+n+3fsjAFe8p4YCXW3Iqaq30G3rULcAJnC7GDyQgP2kRE50=

Whoops! Sorry. Message (excluding quotes):

"Transaction ID: 70a8a0d1c706dab1c1d72519d753979381e4f91682134a638d2977d079e9873f; Refund Address: 12JaJ7o2dait3zfWS8UDnZzhbLSJEjR771; Public Note: BTT Alias: The Fate Of Satoshi, 20 Share Purchase"

Sent for equity, one share. Tell me what I need to sign. https://blockchain.info/tx/dc143f33c44685a2c4fe504698465da95f3aafc31e45a12fa3b09877f6e5ee05

Sent 0.2446 BTC to buy equity for 4 shares .
Transaction id:

54e9202f3b86f6a81ea9da46220657c07fa80277eafa3a950d04cbb8c4bd33d4

Let me know what you want me to  sign

Message (no newlines)
Signature(no newlines)

Thanks a lot to everyone so far for their support !

It takes courage to be among the first ones, you are all amazing !

Just in case you missed it, I answered some new questions over at the main thread, and there's also a small interview from the guys over at BitScan; please check them out !

https://bitcointalk.org/index.php?topic=436951.msg4967095#msg4967095

(and thanks gweedo for your ongoing work, awesome !)

Wanting to buy 3 shares. (Can I send it directly from exchange to someone?)

Message:
Signature:

NO. You need to transfer it to an address you control, and then send it to the address listed in this OP. You need to be able to sign a message from the address you send it from.

Downloading bitcoin-qt atm. (large blockchain is large :( )

you can use blockchain.info's wallet for this

Just as thought , maybe you could also post this on in  Economy > Marketplace > Securities .  Looks like they have got much more traffic going on there !

One share.
Because cool!

Purchased ten shares @ 0.07030:
39768bc42b964f4bc8b90f71ca2a3c93dd368e539b3eec6c86ebf7e46d481f4e

Maged is awesome. Good guy.

Indeed, truly truly awesome.

Thank you very much Maged !

You're quite welcome. I do what I can to give back to the Bitcoin community, especially since the community gave me the money in the first place. Seriously, without you guys checking out our advertisers, I wouldn't have the ability to do things like this. (I make about $1k/month just from moderating here)

Hey gweedo,

Just to let you know, an Angel investor we talked to from outside the forum has bought 15 shares. I had him send the BTC to the escrowed address anyway.

This is the TX:

TX: ba1133aeff98fa3b386264a1edb57a114542457979a917b12384488156a7632d

15 shares (1.0545 BTC)
And the return address: 1GpNp9g4At3ESU8mHkkEhFBjzPEJXCtVpe

What's the current funding status?

Yes, we're roughly at 30-40% funded, but not to worry.

We've been talking to our angel about how to keep moving forward, and we're working hard on a couple of things that will complement the remainder month of the campaign. We're currently in talks with the people of Crowdtilt to set up an instance of their new open source campaign tool Crowdhoster. Also, a teaser video is on the way and a couple notes and interviews in a big site (***cough***coindesk***cough***). A couple investors have also pledged to help during the last days should there be a need for it. Consider as well, these last few days we've seen a lot of volatility and price action (damn you Gox) so people are less prone to make any investment decisions.

Things are looking good imho and we're feeling pretty confident and happy !  



 

That's good. I'm just glad I bought my share before the price went down :P

Hi Voodah,

Can we  have small page tracking current status , like how many shares are owned by which user ?


 

I want to buy an equity share.
I'm going to wait a bit though , got some questions.

Where do you intend to make it available for purchase with fiat ?
Have you developed any other games or similar projects ?

PS: How do I sign a message with Electrum ?

Oh god.
I feel so stupid.
RIGHT CLICK ON THE ADDRESS !
How couldn't I think of that :(
I kept trying to use console commands I found from places and kept getting some kind of errors.
Thanks :D

Yes, i'm working on it in the site.  I'll probably have finish it tonight or tomorrow. I'll let you know.


Cool, thanks !

It will be sold through the regular places: Steam, Desura, our site and whatever other options arise.

Please take a look at the proposal thread for more details on that and ourselves https://bitcointalk.org/index.php?topic=436951

I was trying to share it among some of my friends , but most of them have the same doubt as me :-

I am pretty sure that the game will be funded and even if it is not funded , we shall get refunds.
I am not scared of being scammed , because you seem trustworthy enough and have a reputed member escrowing too.
But the problem is , what if the game does not sell much after being made ?
How can our investments be considered a "risk free Bitcoin investment" , when there is a high risk that the game will not gain enough popularity after being released ?

PS : Any estimate for end of the worlds becoming a full game ? So far it is awesome ( and addiciting ) :D

You need to break things down to the fundamentals. Forget about Bitcoin for a second. The guys here have all the elements to make a very enjoyable and thoroughly engrossing game. Go do some research on the "point and click"/"graphical adventure" game genre. Notice the emphasis that these games put on quality. Quality art, engaging story. Good games get played by a lot of people. There is also a lot of longevity to games like this. People today still play graphical adventure games from the the 80's and 90's.

Now back to Bitcoin. The story of Bitcoin is one of the most interesting in the history of humanity. From it's conception to it's adolescence to it's ongoing maturity and it's continually changing future possibilities, the Bitcoin story is one of incredible mystery and confusion.

TLDR: What Voodah and his team are doing is using one of the best story telling mediums ever to tell one of the best stories ever. If that won't be popular, I don't know what will.

I have purchased one equity share.
https://blockchain.info/tx/28772cd0548c316bcdf867097cd13caed586db2f44812719524a83195f41bb11 (https://blockchain.info/tx/28772cd0548c316bcdf867097cd13caed586db2f44812719524a83195f41bb11)
Good luck with development and don't slack on End of The World while developing this :D

Damn those change addresses.

Message : 17kzPBwE8cRGUkgimViRGfYwGNHahQ3FFZ
28772cd0548c316bcdf867097cd13caed586db2f44812719524a83195f41bb11

Signature : HJw/Kdtxljvsl28umXuQLSFCAPJibqViJVOKVHOzLTzWaLH2TD027NxmnmvkWWPkJUWgAavQZbF+A7Y/EFeWVV8=

Receiving address is the first one , 17kzPBwE8cRGUkgimViRGfYwGNHahQ3FFZ
The transaction ID is , 28772cd0548c316bcdf867097cd13caed586db2f44812719524a83195f41bb11 , the second number.

Thanks for these kind of talks, I really appreciate all honest debate (and thanks Alias for your spot on words as well).

And yes, I understand your concerns. When I was thinking through this whole process, your concern was my main one as well. I disliked how Kickstarter gives nothing back to backers who put above the minimum, and I wanted to reward our backers with a stake in the game's success. I thought long and hard about how to do it in a way that makes achieving full ROI a reality, instead of an impossible (as has happened to me in other investments like mining).

Right off the bat, the first consideration was to not auction the shares. If I let the share price go sky high, no one would ever get ROI. Thus we did this with a capped maximum funding and fixed % equity based on the USD value put in. So naturally, next came thinking of the actual numbers to make it work as I intended. I did a lot of research on the sales data of indie games, they're infrastructure and the relationship with Steam, Desura and the mess the industry is in right now regarding the Bundle sales. The chosen numbers reflect my plan of having the backers get full ROI before 2500 copies are sold, which is a ballpark number of what an unknown non-megasuccessful indie game typically makes if it can NOT manage to go into Steam. This is the "floor", unless your game is utter shit and nobody ever wants to touch it.

So the key here is of course, distribution; and the king is of course Steam. Once a game gets into Steam, poor sales are usually in the order of 10k copies sold (consider Steam gets a big NDA protected cut of that). At the very beginning I even considered forgoing and shunning off Steam because they don't yet accept BTC, but after careful analysis of the industry and going through the numbers over and over, it became clear that Steam is an integral part of success, and furthermore, if we want to change Steam's view on Bitcoin, doing it from the inside would also yield better results than trying to be the outcast martyr.  

Now everyone in the industry knows, actually getting your first couple of games on Steam is easier said than done. Greenlight did not shape out to be the great tool it was supposed to be, and some successful games (with over 25k copies sold prior to Steam) had to wait close to a year inside Greenlight before getting on the actual platform. We're getting things ready for Greenlight but at the same time, we're receiving guidance from other devs and our investors (one of em actually had a video game company which later he sold) that the best plan is to not just sit idly on Greenlight but to contact Steam internally. So that's our game plan with two attack vectors: one of our investors is already published and has a working relation with Steam, and we're also real life friends with someone who knows and worked with Bruno Carlucci (for those who don't know him, he's an Argentine, e-sports data analyst and caster on James "2GD" Harding's team who are actively working with Valve and main casters of their BIG events; if you've watched Valve's The International, he's the caster with the crazy suits and outfits). Hopefully, between those things and Greenlight we'll have a quicker entry to the store.

I invite you to check this post as well for extended sales data (a very hard to find subject because of NDA and store clauses):
http://www.pixelprospector.com/the-big-list-of-game-revenue-sales/

These guys have done a pretty good compilation of most of the indie sales data available.

Anyway, I see you bought a share before I could give you this answer, so thank you so very much ! We'll do our best to not let you guys down !


 

Hi bought a share. 0.0819.

txid b1ca54ced73e0f9c9fc57cf0c4e0f4115c50c7101c5f3a7426d20420cf7bc9f3
my return or divi address: 19cvuCCHrr5TQv6mtDwxJz711BVZ9XuPke

good luck guys

inca

what do you mean sign a message?

txid b1ca54ced73e0f9c9fc57cf0c4e0f4115c50c7101c5f3a7426d20420cf7bc9f3
refund 19cvuCCHrr5TQv6mtDwxJz711BVZ9XuPke

sig HOjsBOtvUnWQF/s7YKsTTaH3w9YVhoLwKepyjdgW7sjmJhP9s0sw9SB8fQ4dAIX6CsJjuYnXEXBFcZVV4g9XyHE=

Can you give an update on amount funded and stuff ?
( I hope you guys get enough before the due date )

I've been investing in tonnes of Ponzis and HYIPs and failing  :(

Hey there,

We're currently at 3.9 BTC out of the ~12 initial target.

I'm sorry I haven't posted these last few days, we're working hard on getting the site up and the teaser video (it's taking a couple days longer than we hoped). We'll hopefully have all of that ready in two or three more days, and will relaunch the remainder of the campaign both here and Reddit as well (it's only here so far). More PR articles are also on the hold until we have this new stuff, so as to give this a good bump as we enter the remainder month of the campaign.

As Loaded said: Expect (more of us in the next few days !)

Wait, why exactly do you have it limited to a date in March ?
Why not keep open the campaign till until this sells ?
Thanks for your prompt replies,
Jambola2

How's the fundraiser going? Seems dead :/

Any update on whatz happening here ? Have we got enough funding

Did voodah go missing?

Heya,

Nope, just out for the weekend, sorry I couldn't answer sooner guys.

We're still working hard and putting lots and lots of night hours on the video, site and a first small gameplay version; but essentially I'm having everything on hold here until we can finish those things and reboot the campaign in Reddit to a greater audience. We extended our timeframe (from this past weekend) on this so as to have as most as we can ready for this Saturday 1st, on which we're going to the Bitcoin Hackathon here in Buenos Aires and presenting there as well (everything should be ready by then, except maybe the gameplay demo).

This is also (to a lesser extent) to let the current Gox crisis settle down a bit. We are finding most people very unsure of what to do right now and reluctant to go about investing at this (quite) particular moment.

Rest assured, there'll be no goxxxing here.

 

Sorry. i like your idea but i feel its a bit skeptical to invest on something that will lunch in july and who knows what kind of sales it will have. so i have a few question. Maybe these question are answered somewhere else but i need to ask them.

Who :
Who are you guys? i see that you posted a little information, but you are still very anonymous. Who are you ? Who is you partner? Do you have a company registered ? Does this project have anything registered? facebook? twitter?

What:
What exactly am i buying if i go with tier II option. %0.1 percent of what? Game sales ? whole company?
How will i be legally bonded to this shares?  How will i know i will always own %0.1 percent times each share? what will stop you guys from giving up and not paying us? How will we see what the actual sales margin are? If you go big and start having accessories sold such as games controllers, graphic cloth wear ,etc are we still going to be considered as owner of %0.1 shares?

Why :
Why should i invest. I know this is a harsh question and every project is a vision to the developers but i need you to give us your hindsight. Why do you need the money? if you so confident in your game and its design why not borrow from relatives/banks and own it %100?

Where:
Where do you see your self, the company and the game 6 months, 1 year, 2 year and and possible 5 years from now? Again, this is probably a harsh questions but i will need to know how far of a vision you guys have. Where is the limmit?

How:
How are you prepared to push this to mass market? How is your team going to push for this to get to reach the above goals?


thanks you. will be watching closely and waiting in anticipation for your answers. Please try to be as much detailed as possible

bitwho is certainly living up to his namesake.

Hey bitwho,

I don't want to be rude here, but what you're asking is for me to re-write the whole proposal here, which it seems you have not read at all.

If you are even 10% serious on considering investing here (or anywhere else), please take the 10-15 minutes required to go through, read, and understand all the available information (full proposal, answers to questions in both threads, interview, etc). This is a very important good practice and part of your due-diligence when considering this or any other investment.

Please do not take this the bad way, but you ask for "as much detailed as possible" and yet haven't even read the proposal; that's where all the details are !

I will gladly answer any questions you put forth after reading the whole thing.

Thanks and please understand. It is in no one's best interest that I save you the 15 min of doing so by retyping everything here.

(link to full proposal in my sig btw !)

ha. its fine. we are dealing with money here so i don't mind. that being said. is there any other threads i missed?

• https://bitcointalk.org/index.php?topic=437004.0
• https://bitcointalk.org/index.php?topic=436951.0

The reason i posted those question is because i wanted to reinforce any information i did not understand or that you lacked off providing. You might think you have given us a lot of info but you have not cover some basic detail. mostly the shares. We want to help you and we want to believe in this. You are giving us a slice to you pie. But you need to specify how we will eat it!.
Give us some more additional information that we can feel comfortable enough to feel like this is an opportunity.


I did went back and read it once more. This time i will tell you what and how i understand your answers to my question should be  based on the info you have posted so far.

• Who: me and my brother. maybe some other guys if we pay you via this IPO
• What: i will be paying you upfront for a game or a game + maybe some shares(shares that have no information on how it will work or how i will own be owner of them)
• Where: I had a successful previous indie game so it should be considered to notice that this will totally be a success. There is no future set plans except that we will work hard for this game.Note that this is  a good thing, to see a dev that wants to fight hard. But i don't see any form of future plans of attack. (guy, i made a "successful" game once. So give use some support money and we will make this bad ass game. oh and get this... it will be about satoshi! you know.. bitcoin)
• How: Right now, it is too difficult to work on this project so we need some income. Once we receive founding we will try to hire proper stuff. its too hard and too much work to work on it solely as it is at a good paste. If we receive this IPO-prepaid income we can stop everything else in our life and focus only on this game  (seriously guys, support us so we can stop working at a pizza parlor and work on this multi-billion-dollar game that will educate the world about bitcoin)

(this text in paranthesis is a mocking explanation of how i understanding of what you are telling me)


haha so i might have exaggerated a bit, and on purpose too. that is because i want to you to get a bit overworked and really get the mind working. i want you to angry start replying me back and prove me wrong.
[/font]

bitwho brought up a question, as to the shares, I own a single one, so at 0.1%, I make 0.1% of the profit that the game makes across the platforms it's sold on? So if you made $10,000 in profits off of the game in the first month, I would recieve $10 worth of BTC? Please correct me if i'm wrong.

i believe that is what OP is saying , my question is how? and how will we get paid dividends at each sell. what if this game keep selling every week, every month? every year?. How can we check the sale revenue? are we only to depend on your word? there is no info. Only buy one share and receive %0.1 You can't just do that. you need to show and prove how we will get rewarded on helping you now at tough times

Thanks for understanding !

---

Yes, you are mostly right in your self-answers but without the hint of sarcasm :)


Yes, this is correct !

---


No maybe. If you buy a share you get what's stated:

Quoting from the proposal:

The blockchain is the proof that you own them. If you control (ie. can sign a message from) the priv key of  the address used to buy the share, you own the share. This is in a similar fashion to what 2nd gen protocol coins are doing (MasterCoin, Nxt, XCP, etc). It has been suggested by many that I try to use the Counterparty protocol to issue the shares and as a first use case for them; but I've looked into it and think it's still too fresh for us and maybe dangerous for our investors (it seems they would only be able to get divs paid in XCP)

As for the how, again I quote from the proposal:

---


Regarding this, please check out this answer:
https://bitcointalk.org/index.php?topic=437004.msg5144759#msg5144759

and also maybe the interview:
http://bitscan.com/bitnews/item/a-first-for-bitcoin-a-video-game-with-bitcoin-at-its-core

---


Yup, pretty much spot on ! :)

We're not trying to hide anything here..

---

And your later post:

This is mostly answered above (from the proposal) but again, it is %0.1 profit share in monthly BTC dividends, forever (games usually have a life cycle of no more than a couple years, but regardless).

All information regarding the shares, sales and everything will be made public (it already is in the blockchain) in our website coming very soon (next weekend).

There is no way for us to prove anything at this point because nothing happened so far, and there's no way for us to prove the future other than our word. I don't really know what you're referring to or what you're expecting in that sense.

Ultimately, it is like any other investment, where you have to assess if it can be done, if you trust the people doing it and whether you think it's a rather good idea.

There's no securities for us either in that sense, we just believe in it and are willing and wishing to put the time and effort to make it happen.

I hope that mostly answers your doubts, but please let me know any others you might have.

 

Yes, this is correct !

Meaning that for investors to make their money back the game needs to make at least $50,000 in profit.

If they sell the game for even 5$ , I'm pretty sure they can easily sell 10k copies.
This seems unlikely to fail if funding goes through.

Anyways , can you provide any updates on the selling ?
I see under 4 BTC in the equity address.
From January 28 , it seems that 45 days would be ending soon , under a couple weeks or so.

Before you had commented that you'd be done by March.
Any updates or release plans ?

Thanks for prompt responses :D

Jambola2

Bumping because there's been no updates on this.

Will the BTC raised in this IPO be sold for fiat in Argentina and entering the local Argentinian economy?

Are all of your expenses going to remain confined to Argentina and unaffected by their draconian capital controls?

What's the current price per share and how many unsold shares are there?

If the BTC price goes up before they are exchanged for fiat, will the IPO investors receive a partial rebate?

When the game is being sold to consumers, will their payments be sent to the same BTC Address so investors can monitor sales?

Voodah has not replied in a long time. Starting to get worried.

Don't worry the Bitcoins are still in my wallet and my control.

Today is the due date !  If there has not been enough funding , can we get our coins back !

Or if there has been enough funding can someone post an update ! Can we have these shares on bitcoin share trading platform or something like that . Right now , I dont have an idea what is happening to my equity

I am pming him right now, I would give him the day to response. But again your coins are safe with me and I will only release them on the terms that you guys agreed.

In the event that I have to return the coins, it will take some time due to the security I use to store the private keys. I will then be comparing the my quote of your signed messages to your original post if any of them have changed in anyway, those will release only with another signed message. If nothing was changed the amount from one address will be sent to the refund address you all supplied.

Hello everyone,

I'm extremely sorry. We've had some pretty heavy family health issues and a housing problem come all at once down here. These last couple weeks have been rather bad for us. I've been knee deep and haven't been able to pay close to any attention to the project in the last few days. Fortunately things are starting to clear up for us now, and yesterday we signed a lease for a new place. That said, days flew by, we reached our due date and I have to talk about where we stand.

We intend to keep going and move ahead, but realistically we need and will re-launch the full campaign with a more all-around exposition in either Indiegogo or Crowdtilt or StartJoin, more material and removing the BTC only payment limitation (which was one of our original goals of having it exclusively funded in BTC, but it ain't happening). I'm still working on the details on how we'll be moving forward and will finish thinking and deciding through the weekend and post the plan on Monday.

As of now however, those of you who wanna opt-out (if you're patient please bare with me till Monday) are free to do so. Please clearly state so here and Gweedo will proceed to refund you. We'll understand and thank you anyway for your support thus far, for real. We'll also be very happy to move forward with those of you who still feel comfortable and believe in the idea.
 
Again, I'm really really sorry for keeping you in the dark these last few days. You have all been great and we're very very grateful for your support. I feel like I've let you down; all I can say is sometimes life just gets hard and out of control. We hope at least some of you will still accompany us looking forward.

I'll work out the details ahead and post again on Monday, or hopefully sooner.

Thanks,
Santiago.

Can I just say that I totally forgive you. Life can get a little bit messy sometimes. It's perfectly understandable, particularly with such a small team working on this project. I wish you and your family well (and more than simply wishing, I will continue to work hard at the cutting edge of genomics research to help everyone avoid preventable and treatable ill-health).

For me this was always a long-term investment so I'm not affected negatively by these developments. I am slightly disappointed that you feel the need to remove the BTC only limitation however. There is seriously no reason why you can't raise 20+ BTC in the next week or two. All it requires is a little bit more exposure on the appropriate media channels - e.g. coindesk, bitcoin magazine, bitcoin reddit etc. This is real news!

I would be willing to invest even more money (2+ BTC) if you consider using the Counterparty Protocol again. They have made some incredible progress in the last month and this recent blog post is particularly relevant - https://www.counterparty.co/pay-dividends-with-bitcoin/ (https://www.counterparty.co/pay-dividends-with-bitcoin/). Adam B Levine of Lets Talk Bitcoin (http://letstalkbitcoin.com/) is launching LTBcoin on Counterparty shortly. (In fact he already has - http://ltbcoin.com/discussion/52/someone-issued-ltbcoin-on-counterparty). This is the ideal way to re-launch the fund-raiser.

Please take the time to consider what you would be achieving by bootstrapping your own project into existence and sharing ownership of the project with investors all within the Bitcoin ecosystem. That is an amazing idea.

The timing of all of this is too perfect to miss out on this opportunity!

If you need any assistance please feel free to ask me any questions or start a "Fate of Satoshi" thread at the Counterparty forums - https://forums.counterparty.co/.

Don't give up! :)

I would like a refund to the address 1DxtoKWAGkZi6K143WgACJswH5bHRcHRbx as I had paid from, but only because it is a blockchain.info wallet that I do not normally use. I will be investing again from an address I am more comfortable with.

I am going to wait for one more week to get more clarity . Can you please post a deadline of dates that we are looking at  like :

x  : Launch campaign on  Indiegogo
y : Setup counterparty protocol support

etc ...

i want to opt-out

I will process this tomorrow as it is late here.

can i be refunded too. good luck with the venture voodah.

inca.

Always great way to get donators. I wonder how many people would like to watch it though.

I completely trust Gweedo and would like if you could clarify your statement.

Are we all supposed to contact Gweedo and opt-out ?

I would prefer to stay as a part of this plan and should I opt out and then re-buy via some other payment method or should I simply keep my payment with Gweedo ?

However long this takes , it is a good venture and I would love to support it.

Thanks

Jambola2

If you want to opt-out you can and I rather you post it in this thread so A) it is transparent of whom left and B) makes it easy for me to see who I need to process.
Otherwise you can stay in and I still have your coins until voodah comes up with the other plans and you guys will have a chance after that to opt-out again.



Also as my escrow is held in a very different way from my other funds it takes a while to scan and do transactions. Sorry about the delay but security over time is what I am dealing with.

I would like to opt out , but I still consider this a great idea.

I shall re-invest in this , at a later point , I'm just going to remove my BTC from the escrow for now.

The message is "Send my BTC to 17kzPBwE8cRGUkgimViRGfYwGNHahQ3FFZ"

Since the transaction was sent from both 17kzPBwE8cRGUkgimViRGfYwGNHahQ3FFZ and 1D67DShPPB1YxbtR3KH7p4eQoZSRXNroHQ , I shall sign with them.

As signed by the 17kz address - HLHN01zv9oU6N4LashaHVyozwBpYkrY9xsXXfv80QWNMDTiUmWf6fnrCBnP5v0RSkHw+uBjB/38KPyS0rhNon5s=
As signed by the 1D67 address - HIwbU+wpLDcnFR+BCYzebTqNGb+Lm18t44JPWytpo5aVHAXLEEdTGKF2JsLi+QpYPOpBMZWu9y4yi0ZD2+A+KzE=

As the message says , send the complete funds back to the 17kz address

Thanks for the opportunity , I shall invest again , and to Gweedo thanks for the escrowing :D

Jambola2

I would like to opt out . Let me know what to sign

Thanks a lot. Best of luck for the project !!!

Thank you for making the responsible choice.

I am still getting ready to start process the transactions. I am just double and triple checking, since this will be in one transaction.

Thanks for handling this! It's a shame that it didn't work out, though...  :(