Bitcoin Forum

Bitcoin => Project Development => Topic started by: Bitdonator on February 07, 2015, 09:23:02 PM



Title: How to fund bitcoin project ?
Post by: Bitdonator on February 07, 2015, 09:23:02 PM
I just get genial idea how to promote bitcoin to mainstream, while helping network
by processing bitcoin transactions at same time.

But first, I need funds ( about 40 BTC ) to make this possible.
Which is the best way to get fund for project ?

Idea is to travel across my continent and carry full bitcoin node with me,
giving papper wallet with small ammount of BTC to peoples and teach them
about Bitcoin

I dont need a loan, because this is non-profitable project.
Maybe crowdfunding is the best option.

Again, this is not business project, this is for benefit of whole Bitcoin community


Title: Re: How to fund bitcoin project ?
Post by: newIndia on February 07, 2015, 09:26:31 PM
I just get genial idea how to promote bitcoin to mainstream, while helping network
by processing bitcoin transactions at same time.

But first, I need funds ( about 40 BTC ) to make this possible.
Which is the best way to get fund for project ?


Take loan against collateral.


Title: Re: How to fund bitcoin project ?
Post by: redsn0w on February 07, 2015, 09:30:57 PM
I just get genial idea how to promote bitcoin to mainstream, while helping network
by processing bitcoin transactions at same time.

But first, I need funds ( about 40 BTC ) to make this possible.
Which is the best way to get fund for project ?


Take loan against collateral.

...or you can use : https://www.vinumeris.com/lighthouse   it is a fundraising platform, good luck with your project.


Title: Re: How to fund bitcoin project ?
Post by: izanagi narukami on February 08, 2015, 07:18:22 AM
I just get genial idea how to promote bitcoin to mainstream, while helping network
by processing bitcoin transactions at same time.

But first, I need funds ( about 40 BTC ) to make this possible.
Which is the best way to get fund for project ?


who about BTCjam ?

or more extreme...wait until bitcoin reach the lowest rate then you can buy it very cheap



Take loan against collateral.

I never see a lender that can lend up to BTC 40 on this forum


Title: Re: How to fund bitcoin project ?
Post by: gambit1 on February 08, 2015, 10:44:40 AM
I wonder why you need BTC rather than fiat.


Title: Re: How to fund bitcoin project ?
Post by: picolo on February 08, 2015, 11:30:07 AM
I just get genial idea how to promote bitcoin to mainstream, while helping network
by processing bitcoin transactions at same time.

But first, I need funds ( about 40 BTC ) to make this possible.
Which is the best way to get fund for project ?


Here, crowdfunding websites or you can get a loan by friends, family or the bank.


Title: Re: How to fund bitcoin project ?
Post by: countryfree on February 08, 2015, 12:13:17 PM
Is your idea profitable?

If it is, 40BTC is a small sum, it will be easy to find an investor.


Title: Re: How to fund bitcoin project ?
Post by: gambit1 on February 08, 2015, 12:24:30 PM
I wouldn't give him false hope mate. He will be very lucky to find someone who will invest 40BTC. Very lucky.


Title: Re: How to fund bitcoin project ?
Post by: cloverme on February 08, 2015, 02:43:43 PM
I wouldn't give him false hope mate. He will be very lucky to find someone who will invest 40BTC. Very lucky.

That's only $9k these days, btc is hovering around 225ea...still a sizable sum to raise though, but not impossible. Someone got 5.48 million for a card game on kickstarter, then there's the potato salad guy who got $55,000.  


Title: Re: How to fund bitcoin project ?
Post by: gambit1 on February 08, 2015, 03:45:35 PM
He'll be lucky to get $9k. He'll be lucky to get $9 if he doesn't have a good plan and isn't able to put up collateral.


Title: Re: How to fund bitcoin project ?
Post by: picolo on February 08, 2015, 04:19:35 PM
He'll be lucky to get $9k. He'll be lucky to get $9 if he doesn't have a good plan and isn't able to put up collateral.

If he had a reputation or if he builds a plan, he should get 9k$. He could make a loan to get it if he is serious about it.


Title: Re: How to fund bitcoin project ?
Post by: cloverme on February 08, 2015, 05:09:09 PM
He'll be lucky to get $9k. He'll be lucky to get $9 if he doesn't have a good plan and isn't able to put up collateral.

Agreed, there's a lot of "hey i got an idea to make a bizillion bitcoins" posts over the years.


Title: Re: How to fund bitcoin project ?
Post by: gambit1 on February 08, 2015, 05:14:19 PM
I agree - its shameful. Speaking of which, have you heard my idea to do a bitcoin card game?


Title: Re: How to fund bitcoin project ?
Post by: cloverme on February 08, 2015, 06:12:48 PM
I agree - its shameful. Speaking of which, have you heard my idea to do a bitcoin card game?

I was just reading about it... I'm currently developing a bitcoin-based strategy game as well, but it's not like hearthstone at all.  I'm contemplating seeking funding for it after I launch the alpha version around April. Which is why I started reading this thread too... I'm interested in the lighthouse platform, so I'm thinking about that route rather than indiegogo or kickstarter.


Title: Re: How to fund bitcoin project ?
Post by: picolo on February 08, 2015, 07:31:20 PM
I just get genial idea how to promote bitcoin to mainstream, while helping network
by processing bitcoin transactions at same time.

But first, I need funds ( about 40 BTC ) to make this possible.
Which is the best way to get fund for project ?


What do you mean by processing bitcoin transactions "at same time"?


Title: Re: How to fund bitcoin project ?
Post by: Bitdonator on February 08, 2015, 08:10:17 PM
Idea is to travel across my continent and carry full bitcoin node with me,
giving papper wallet with small ammount of BTC to peoples and teach them
about Bitcoin

I dont need a loan, because this is non-profitable project.
Maybe crowdfunding is the best option.

Again, this is not business project, this is for benefit of whole Bitcoin community


Title: Re: How to fund bitcoin project ?
Post by: Bitdonator on February 08, 2015, 08:13:00 PM
He'll be lucky to get $9k. He'll be lucky to get $9 if he doesn't have a good plan and isn't able to put up collateral.

Agreed, there's a lot of "hey i got an idea to make a bizillion bitcoins" posts over the years.

This is not a project to make  "bizillion bitcoins" for me,
this is project to help Bitcoin to become mainstream and strenght the network at
same time


Title: Re: How to fund bitcoin project ?
Post by: Bitdonator on February 08, 2015, 08:13:57 PM
He'll be lucky to get $9k. He'll be lucky to get $9 if he doesn't have a good plan and isn't able to put up collateral.

Do you know what you talking about?


Title: Re: How to fund bitcoin project ?
Post by: gambit1 on February 08, 2015, 08:21:08 PM
I would say so yes.

I'm not trying to discourage you, I'm pointing out that it will be hard to find an investment of that sort without

1)A great busienss plan

2) A good reputation

3) Collateral against loans

Its 40btc you are asking for, after all. I have never seen a loan of that size on this site.


Title: Re: How to fund bitcoin project ?
Post by: picolo on February 08, 2015, 08:21:20 PM
Idea is to travel across my continent and carry full bitcoin node with me,
giving papper wallet with small ammount of BTC to peoples and teach them
about Bitcoin

I dont need a loan, because this is non-profitable project.
Maybe crowdfunding is the best option.

Again, this is not business project, this is for benefit of whole Bitcoin community


What continent? What collateral? And what portion of the BTC will you give away?


Title: Re: How to fund bitcoin project ?
Post by: Bitdonator on February 08, 2015, 08:38:53 PM
Idea is to travel across my continent and carry full bitcoin node with me,
giving papper wallet with small ammount of BTC to peoples and teach them
about Bitcoin

I dont need a loan, because this is non-profitable project.
Maybe crowdfunding is the best option.

Again, this is not business project, this is for benefit of whole Bitcoin community


What continent? What collateral? And what portion of the BTC will you give away?

Continent: Europe
Giveaway amount: maybe 5 $ (in bitcoin) per person


Title: Re: How to fund bitcoin project ?
Post by: gambit1 on February 08, 2015, 08:50:33 PM
"Idea is to travel across my continent and carry full bitcoin node with me,
giving papper wallet with small ammount of BTC to peoples and teach them
about Bitcoin

I dont need a loan, because this is non-profitable project.
Maybe crowdfunding is the best option.

Again, this is not business project, this is for benefit of whole Bitcoin community"

Ok that clarifies things. Yes, it sounds like crowdfunding is definitely the way to go. I don't actually see any other viable option.


Title: Re: How to fund bitcoin project ?
Post by: Bitdonator on February 08, 2015, 08:50:41 PM
I would say so yes.

I'm not trying to discourage you, I'm pointing out that it will be hard to find an investment of that sort without

1)A great busienss plan

2) A good reputation

3) Collateral against loans

Its 40btc you are asking for, after all. I have never seen a loan of that size on this site.

Once again, its not loan !
Funding is based on free contributing of community.
Please stop to use word "business" in this tread, because its not.

Plan is very interesting, but I dont want to say all for now

We dont need 40 BTC from one person to fund this project...
we need 4,000 people to donate only 0.01 BTC.

40 BTC is too much money for single person to invest in
non-profit project, but 0.01 BTC is small amount, and this
will not hurt anyone



Title: Re: How to fund bitcoin project ?
Post by: gambit1 on February 08, 2015, 08:56:12 PM
Fine, I missed that from your previous post. My apologies.

Like I said: crowdfunding. Its then a case of hoping that people believe you are going to travel your continent giving people small amounts of bitcoin for free and teaching them about bitcoin rather than just looking for free bitcoins for yourself.

Good luck.


Title: Re: How to fund bitcoin project ?
Post by: btcinstantsupport on February 08, 2015, 08:56:59 PM
Fine, I missed that from your previous post. My apologies.

Like I said: crowdfunding. Its then a case of hoping that people believe you are going to travel your continent giving people small amounts of bitcoin for free and teaching them about bitcoin rather than just looking for free bitcoins for yourself.

Good luck.

http://www.bitcoinstarter.com    but its down right now.


Title: Re: How to fund bitcoin project ?
Post by: cloverme on February 08, 2015, 09:27:19 PM
Idea is to travel across my continent and carry full bitcoin node with me,
giving papper wallet with small ammount of BTC to peoples and teach them
about Bitcoin

I dont need a loan, because this is non-profitable project.
Maybe crowdfunding is the best option.

Again, this is not business project, this is for benefit of whole Bitcoin community


I see, good luck.  You might consider using a crowdfunding platform then to raise money for your mission, maybe get some sponsors to help you out.  An escrow could help out as well, so funds could be released over time as you travel along and post updates to a blog or something. That way, it adds some credibility to your mission so that people feel part of your journey (rather than to just give someone 40 bitcoins to have a good time).


Title: Re: How to fund bitcoin project ?
Post by: Kprawn on February 09, 2015, 09:18:48 AM
I see ... Who would be funding your trip?

Are you going to "give away" all the donations you receive, or use the donations to cover the cost of your trip?

Some more detailed information will help you get donations far quicker.  ;)