Bitcoin Forum

I think that title has a nice ring too it.

A forum user who was recently scammed out of bitcoin has inspired me. Instead of focussing his energy on the negative event that happened he instead is organizing our community to do more in the way of charitable efforts. I think it's an outstanding idea.

A lot of you know me for my Casascius Coin sales here on the forum. I also invest in real estate. I purchased a few homes in and around Cleveland OH (where I'm from) this year and one in particular I really shot myself in the foot on.
This one;
http://www.zillow.com/homedetails/1171-Erieview-Rd-Cleveland-Heights-OH-44121/33653102_zpid/?mobile=false

I came out of the gate and I priced it way too high. I was greedy. It turned off all the potential buyers and most realtors. So I can rent it out, try and sell it myself, or....... Let's give it to charity!

I have invested $50,000 into this property. The title transfer and legal fees (making sure it's all on the up and up) will be approx $2,000 and new appliances will be about $4,000. So I propose we raise $56,000 and gift this home to a foster care agency to be used to place a family in that will foster kids in need of a home where they can be safe, secure, and happy.

This home will bear a plaque naming it the Bitcoin Community Foster home.  We will make arrangements so that any donator or community member can call or stop by to see the home and if they choose can continue to donate to the family. If there are any funds left over those funds will be used to purchase playground equipment for the backyard.

I know there are something's that I may not be thinking of and I know that I will need some help with coordinating any type of media coverage if this should be a success. I will be calling on many of my friends here to make donations and to encourage their friends to do so.

Stephen Smith an attorney in Kent OH will be contacted tomorrow and enlisted to help with the legalities of this.
A couple of things;
If you make a donation please PM me with the transaction ID so that if this does not fully fund we can return your donation.
How do you know this is legitimate? You can see from county records I Adam Graham am the owner of this property. Stephen Smith is my attorney. I can provide contact info for myself and Steve if anyone wants it prior to making a donation. I can also provide a photo of the deed if anyone wants it.
If there is any other way to verify this please let me know I am open to whatever you need.

I will also be seeking cash donations from my non bitcoin friends and I will convert that to bitcoin and deposit that as they come in. I know $56,000 sounds like a lot but with as many people this community has and as much support I know we can get, we will be able to do this!

Let me know if you have any questions.

All donations should be made to this address. As soon as the amount of bitcoin donated equals $56,000 I will begin the process of gifting the home.

195szssrHCzTDBM1dx4mGtXyGg3sBs9FUV

I will also be taking photos of the family, home and plaque afterwards and would appreciate any help with releasing this story to the press.

Again this is my first time doing anything like this so any help and/or suggestions would be appreciated!

Well I hope this works. I sent out a mass text and apparently one of the local guys I know has a good friend at Fox News here in Cleveland and is goin to forward this to her. Come in guys don't let me down!

I think this is a brilliant idea!  I will certainly be donating to this.

Donations are tax deductible. I can get receipts from the charity. I will need an address to mail them too.

very good idea I apperciate this and in near future must donate some coins to this project good luck for you for this project

I'm in for this, great publicity and a even better cause. I'll work out how much I can donate

Thanks guys! I appreciate the support. I think this is going to be a success! Something we can be proud of.

https://bitcointalk.org/index.php?topic=412481.new#new

A huge thank you to 999Fine for 1BTC donation!!!
A huge thank you to Camolist for paying half of the cost of a Casascius Single BTC coin to be auctioned off for this cause!

 You know me man, I am not sure how much yet, but for sure I'll be involved.

Jake

I appreciate it! Let everyone know about this. The more people we can get involved the better chance we have of making it happen.

Also if anyone wants to donate any items to be auctioned off and the proceeds donated to this I think that's another great way to fund this thing if you don't have or want to give up your own bitcoin!

If I can get some more details I might be able to reach out to someone of my press contacts to see if they want to do a story.

Absolutely. I'll be speaking with Steve tomorrow as well as the Cuyahoga County family services tomorrow. Once I have all of that in place I think we will be set for press. I'm hoping they also have some donors that would be willing to fund this.

1.01 received.
1 Casascius Coin up for auction received.

.02 sent... Hope to be able to do more.

Every little Bit helps!

0.02 from me too to start with.

Lets do this!

That's awesome! Thank you.

Just been looking at houses in the area on streetview. $56k buys you alot of house in the States. Be lucky to get a caravan for that in the UK.

Yes, the neighborhood is a very blue collar middle class area. Unfortunately it was hit hard with foreclosures. So a lot of "house flippers" are going in an turning them for quick profit. I attempted too but like I said came out too strong and spent too much fixing it. So I figured why let it sit there why not try and do something good with it.

Amazing! Just received another 0.48 BTC that's puts us at 1.51B donated and 1 Casascius coin that is already bid at 1.2

Cool idea.

What's the current estimated market value of that house? You bought it for $50k, but how much could you potentially sell it for today?

I will for sure donate something to this. Great idea. :)

I can't promise a huge donation, but I started mining recently and I'll be sure to give some to this charity. Sorry I can't give more.

I bought it for $17,000 originally and put $30,000 in repairs. I just had a pipe burst because of the bitter cold temps that cost me another $3,000. I had it listed for $80,000 which was a bit high and turned off a lot of potential buyers and realtors. I reduced all the way to $65,000 which is easily attainable but it's not the season. So I can sit on it and hold it for another four months and try to resell it or we can do this and turn my missed opportunity into a positive life changer for someone else.

Are you trying to raise the entire $56,000, or are you going to donate a portion of your basis towards the project?

Realistically I can easily sell the house for $60-$65,000 so I am giving up a good bit of profit. Camolist and I have also donated one of our Casascius Single B coins to be auctioned off with all proceeds going to this.

Makes sense, thanks.  I'll consider making a contribution.  ;)

Thanks Spike. We need all the help we can.

I've spoken to a local appliance resale shop that would be willing to donate the appliances. That saves us $4,000 on the money we need to raise. I am going to reach out to a bigger chain and see if we can get new ones donated.

I also spoke to Cuyahoga County Children and Family Services today. They thought it was a joke. I literally was transferred around to like 20 people. Finally they put me through to the directors VM. I expect a call back tomorrow.

Didn't get ahold of my lawyer today he was in court all day.

So currently we have;
1.51BTC
Casascius Coin bid up to 1.3BTC
Free appliances.

We need to raise another $49,000 give or take a few bucks.

Bitcoin Poker at Seals (https://sealswithclubs.eu/aff.php?aff=125) 

I'm going to donate all of my affiliate earnings for Bitcoin Poker at Seals (https://sealswithclubs.eu/aff.php?aff=125) this month.

Furthermore, I'm going to donate any of my winnings from the 1.25k krill freeroll tonight.

So if you want to support charity while playing poker, sign up here: https://sealswithclubs.eu/aff.php?aff=125 (https://sealswithclubs.eu/aff.php?aff=125) 

PM me with questions on Bitcoin Poker at Seals (https://sealswithclubs.eu/aff.php?aff=125).  Good luck!

We received another .02 last night. Thank you whomever it was. If anyone knows anyone knows any bitcoin sites that might be willing to run a match program that would be awesome.

If anyone wants to make a banner/add or something,
I'll post it on my site (only a small site but every little helps).

Well I've emailed a bunch of people and I get the same response from everyone. "Lets see how close you get then I'll donate" We have 1.53 so far and a Casascius Coin selling for 1.35 in the auction thread. So we are almost at 3B but we need some momentum. Anyone else have any ideas?

very cool idea...can you please post any press released on this?

There have been requests for press on this from the local Fox News station here in Cleveland but I don't want to go to the press if we aren't going to be able to follow through. I think we need to get some momentum going before I go to the press and then look dumb for not being able to do it.

So I'm still reaching out to people and still trying. If anyone has any ideas let me know

i have contributed, will see if i can also help promote.

There could be some bag holders that won't see this thread but might see it on the news, I would let the media make the momentum!