Bitcoin Forum

The things you are talking about are multi-billion dollar projects. It doesn't seem like you have any concrete idea about what you hope to achieve with a couple grand raised in a glbse IPO.

You hit the nail on the head, and without verification of who this person is it seems like a scam. If someone comes along and wants to raise money for a 3d printer to start a mini manufacturing business it at least has a business plan :)

actually thats a great idea, you should do it.  I believe 3d printing will be a major player in "the future"

It is a project which requires a certain level of expertise. I cant do it but I hope someone comes along who can because it has great potential.

Its great to get ideas out there in the bitcoin community at least. :)

I'd go with the Ultimaker (https://davedurant.wordpress.com/2011/10/12/ultimaker-faq-but-what-about-the-quality-of-prints/) if I was personally just getting into it. The print quality is amazing & speed is great.

It's amazing to see it's print detail (http://www.hive76.org/wp-content/uploads/2011/09/LowerMag_WithFingerAndScaleBar_162pixelsPerMillimeter.jpg) (That's a finger with it's fingerprints on the left BTW) and it only seems to be getting better.

This is just the type of venture the FutureFund would be interested in backing.

FutureFund has not reached it's IPO date yet. Green power generation is one of the areas FutureFund would love to invest in and hope to see great progress made in this area.

Have you considered splitting the power generation side of things into its own investment vehicle?

http://www.youtube.com/watch?v=l91ISfcuzDw

FutureFund sale price adjusted to 0.000102

Currently in talks with a gentleman regarding an automated 3D printing venture.


FutureFund has 28 BTC to invest and will likely put this into discounted pre-IPO shares on an ASIC mining venture planning to pay daily dividends to allow continued growth of the fund.

Current estimates for cost of launch of the 3D printing venture are greater than 500 BTC. More information will be released in the coming weeks.

Thank you.

As an update to FutureFund's current investment prospects, I have been approached about a micro-business opportunity denominated in fiat.

This venture requires heavy manual labor in at least two steps. I'm "riding along" to observe a soft-launch testing phase today.

I have been brought in with an eye towards increasing the automation & efficiency of the operation

If all goes well in testing, this will require funding in the range of 200-400 BTC to assist in automating a major portion of the current process.

This business is denominated in fiat USD.

In exchange for FutureFund's investment, FutureFund will retain ownership of the automation equipment & cover costs of maintenance. With current exchange rates, estimated weekly ROI is in the range of 1/4 - 1/3 of one percent in fiat.

I will keep you updated. Thank you.

I would if I could, but this particular business benefits from hiding in plain sight. Anyone willing to put in the hours of manual labor or figure out some methods of automating it, as I have, could easily take over a large region and put a massive dent in profits. It has a ridiculously low barrier to entry. Luckily, the automation hardware can be resold at any time, for basically the same price we will be paying for it.

In exchange for my help in automation and initial investment, the people doing the actual daily work have agreed to use only FutureFund purchased automation hardware for at least the next 2 years, with the option to renew or purchase outright at that time, based on ongoing maintenance costs & contracts.

I wish this opportunity could be scaled up beyond 2-3 employees, but it is an easily saturated market where just a few people (with the help of a few automated processes) can pick all the high-profit low-hanging fruit from this tree.

Hardware will likely be ordered soon, if FutureFund does not have enough BTC to cover the cost, I will be buying shares with my personal account to ensure we can get moving on this in a timely fashion.

They considered this, but the methods used would be easy enough for a DIYer to implement and compete.

The only current limiting factors for competitors are the manual labor involved & maintaining supplier throughput.

With the labor issue mitigated, and such a low barrier to entry, everyone & their grandma could step in and get a cut. Demand would shoot up, suppliers would raise prices and the profit potential would dissipate. Those willing to work it as a "hobby" for minimum wage or less would step in and fight over the scraps.

What kind of hardware?

I just picked up a couple of these.

Man, if this shares apreciate about 5000% (as we all hope, of course), you're gonna make ONE BITCENT!  :D Will you be able to manage all that sudden wealth?

FutureFund sale price adjusted to 0.0001195

Dividend representing 50% of this weeks income from the micro-business venture has been paid.

Next week's dividend from the micro-business is expected to be lower due to some supplier issues.

Currently saving up for a 3D printer. We're about 1/4 of the way there right now, much closer if BTC climbs back to the prices we saw over the last week.

There is a new motion up for vote:

This will help prevent a situation like the one DMC is currently in the middle of, while maintaining the opportunity for the asset issuer to act freely for the benefit of the asset using his best judgment. Essentially adding the Ninth Amendment (https://en.wikipedia.org/wiki/Ninth_Amendment_to_the_United_States_Constitution) to the contract instead of allowing GLBSE to define all acts not explicitly covered in the contract as their domain.

There is a new motion up for vote:

This will help prevent a situation like the one DMC is currently in the middle of, while maintaining the opportunity for the asset issuer to act freely for the benefit of the asset using his best judgment. Essentially adding the Ninth Amendment (https://en.wikipedia.org/wiki/Ninth_Amendment_to_the_United_States_Constitution) to the contract instead of allowing GLBSE to define all acts not explicitly covered in the contract as their domain.

What is going on with DMC (and who is DMC)?

I think this potentially gives too much power to the issuer. Perhaps you could start by stating that anything unforseen will be put to a vote as a motion to clarify, with the issuer having power to make desciscions only if having a vote is impractical?

This statement to add to the contract is merely bringing any unforeseen circumstances back into the fold & control of shareholders. I run my offerings to the best of my abilities and have no intentions of abusing such power. As the asset issuer & manager, I need the latitude to make decisions on how to proceed in certain situations & to decide which situations warrant a motion. Hopefully at some point GLBSE will support polls, making things much easier.