The problem I see with your investment approach is this: 1. You want to invest / risk a capital of $100k - $500k over 24 months in a Bitcoin-related venture. 2. You want to get - by your own words - ROI (Return On Investment) around 200-300 percent of capital at risk over a 24 month period For a venture of this nature, I'd like an ROI around 200-300 percent of capital at risk over a 24 month period. 3. Then you say you do not want to calculate your ROI on the capital you will invest in the venture, but - by your own words - you want to calculate ROI from the appreciation of bitcoin My returns come directly from the appreciation of bitcoin. Sorry mate. 4. Hypothetically: a) if the venture fails (some ventures fail you know) and you lose your $100k - $500k invested, but b) bitcoin value appreciates by 200% - 300% independent of your business failing (or even succeeding) you would still calculate your ROI (Return on Investment) at 200% - 300% even if your venture goes bankrupt? Come on, this simply makes no sense. I suspect you started another non-thread to promote your courses.5. Finally, when asked whether you had bought or invested in a business before, you replied ''Yes''. I did many MBOs and LBOs during my carrier in venture capital business; trust me, you have no idea what buying businesses is about. |
|
|
|
|
1. What kind of control will you exercise over your investment. Will you engage in operations, strategy, others?
2. Have you ever bought a business / invested in one?
|
|
|
|
If I invest in someone's project, then it will be in the form of a grant without any equity or return expectation. What do your courses say about the way you want to non-protect your investment? Sorry, couldn't resist, mate. |
|
|
|
|
Come on, just give me the formula you will calculate ROI.
People who are interested to get your money want to know your investment criteria in a an easy calculable form, to see if they can meet these criteria.
|
|
|
|
For a venture of this nature, I'd like an ROI around 200-300 percent of capital at risk over a 24 month period.
Now, we are getting somewhere. How do you calculate your ROI? There are tens of different formulas for ROI over the internet. I would like to know the formula you will be applying. |
|
|
|
Can you please specify the rate of return you expect to get on your investment and over what period of time? It is incredibly difficult to determine VAR in something related Bitcoin and it is entirely possible to design a P2P exchange without any profit to a central hub. I may assess my ROI based upon the effect having an exchange like the one BTCLuke described would have on the value of my current bitcoin holdings. For example, this exchange would functionally remove most of the liquidity issues resulting in actors like Amazon and Paypal likely entering the market. Such an increase in demand could drive the price per BTC up at least an order of magnitude. As the initial investment is measured based upon its effect on the price of bitcoin, my investment would be proportional to my holdings of btc. To answer your question, I would view an investment of this nature as a gamble. I would be entirely ok with losing everything for a chance at seeing this work. Thus I may consider an X-Prize style investment with a set of criterion and the first person to satisfy them would receive the prize. Come on. This is a non-answer. Tell me point blank the region of IRR you want. If you do not like IRR you can use other method you will calculate your expected return. You mentioned ''return'' as one of the components of your investment scheme. I simply want to know what return and over what period of time you expect. This isn't a difficult task, is it? |
|
|
|
Please don't take this personally but as constructive criticism. I don't mind criticism. It's obvious you're a coder No, I am not. you've failed to acknowledge/identify a couple of key problems (should have been the first step)....just helpful advice when you're trying to move up the chain in the future
In regards to your plan - I've read pages now and still have no solid Idea on how you propose to deal with the following problems: Okay, let's see these problems 1. Implementation - Just because a lot of money goes behind an idea, doesn't mean that its; A - Good for Bitcoin, B - Accepted by a majority, C -A clear priority. What does the above have to do with my idea? I see no relation. There's a reason the lobby and vote system exists in government and despite anarchist opinion, it's not to promote corruption... its to create an educated and well balanced debate that addresses all sides before a vote is cast on implementation.....how does your plan get to implementation in a fair and organized way? What does the above have to do with my idea? I see no relation. 2. Government Intervention - How do you plan to protect Bitcoin from this looming threat. By separating soon-to-be politically involved TBF from Bitcoin system's development and (Bitcoin system development would be financed by the system users and TBF would have no influence over technical aspects). I caution you that - "the we have more computing power than they do so what can they do" argument is painfully flawed. When were talking about governments the size of the US, China, Russia, etc.... the paltry market cap of Bitcoin could easily be squashed by a multitude of options. You need to acknowledge that this is a REALITY and then give us a plan that will address it. What are you talking about? Throwing money at developers does not satisfactorily re-enforce Bitcoin. I think you missed my point. I do not want to throw money at developers. I want to co-finance, through crowdfunding mechanism, particular tasks (e.g. feature development). The last thing I want is to throw money at developers and require nothing from them. This war isn't going to be solely waged by computers over the internet in the near future....its going to face real push-back and sanctions from governments if we're not careful and it will affect us all. War?! What war? What are you talking about? Who is ''we''? |
|
|
|
Yes
Can you please specify the rate of return you expect to get on your investment and over what period of time? |
|
|
|
I'd be happy to discuss investments over email or in a PM. Investment would be proportional to return and likely around low 6 figures for the angel phase. Okay, so you have between USD 100,000 and 500,000 available for an investment, correct? |
|
|
|
Did you come up with an idea but couldn't get funded?
I am considering funding some new ventures in the Bitcoin community after the Summer and if there is a working P2P exchange on the table, then it would be high on my list. Let's start a discussion. How much money do you have available for this investment? Seriously, give a rough estimate in USD or BTC Is there a single threat on this forum you contributed and didn't yet mention these fantastic courses of yours? |
|
|
|
It shouldn't be more than a couple hundred for most features.
Cause I can tell.
I am going back to coding, this is getting boring trying to explain how your idea, isn't going to work and will just foster bad code, and important things not getting done.
Thanks for your input. |
|
|
|
Ok let me be blunt with you, your throwing numbers out like 1,000 that or 1,000 this. Yeah, I am throwing numbers. Simply because I do not know the prices of developing features for Bitcoin. To my knowledge no developer ever publicly put a price on such a job. I have no idea whether a feature of allowing searching of addresses in Bitcoin-Qt costs BTC 10 or 100. Do you know? And I also do not know how many people can be gathered by the idea of speeding up a development of a particular feature. How many people are there in an average mining pool? If there are 50 people in an average mining pool working together to achieve their goal, then I would assume that an average feature can be sponsored by also 50 persons (to speed up achieving a goal). Second going back to the beta thing, isn't it more important for devs to be working on the stability of the bitcoin protocol Maybe, you are the only guy who raises such question. instead of creating stupid features that you want.
Firstly, you you have no idea what features I might want, if any. Why do you label them stupid  So far I only publicly stated I can co-sponsor keeping wiki up-to-date and I can pay BTC 1 per year. If Bitcoin project management website is created maybe another 30 - 40 such persons can be found and use such tool to co-sponsor wiki as well. In this event, would BTC 30 - 40 be enough to hire an editor? I don't know - nobody put a price for it. |
|
|
|
Uhmm, ok but bitcoin is in beta, Bitcoin is in beta, but still businesses hire developers to do jobs in Bitcoin (BitPay and Jeff). Why couldn't users crowd-finance Bitcoin in its beta stage, if businesses can do it? and Gavin controls what goes into the main release of bitcoin Nothing would change, he would still control what goes into the main releases. the difference would be, his team would be paid by bitcoiners through crowd-financing website. Not only features could be financed this way, but also maintaining wiki. so you want to hire a developer to add what you want in. I want to hire a developer, but I do not have as much cash as MtGox have for hiring a developer. But 1,000 users through crowd-financing can pay more than MtGox. Gavin knows the roadmap and he wants to hit certain points, having people like you biding on features that 99% of people don't want is something he doesn't want. So just hire a developer. Their but it be more expensive then 1 BTC your probably looking at 3-4BTCs. Whether the feature is wanted and makes sense or not depends on the money that backs such a feature. Why do you think I or anybody else (separately or jointly) would be wasting BTC 1,000 or more of his hard earned money on a feature that does not add-value Bitcoin? |
|
|
|
2) Ok now your talking about basically hiring a developer to create features just for you. Me and 999 other users willing to co-fund a certain feature. Remember Gavin controls what makes it into the client, while anyone can add or remove, Gavin is very choosey as he should be to add stupid features that only like one or two people want. That's why I suggested control tools for him - look at this picture.   Gittip is for donations, you just want to hire a developer to make stuff for you. Two different things.
Yes, I do not want to make silly donations for non-jobs. I want to pay for sens-making features / fo jobs getting done. To speed development up. |
|
|
|
If you want to donate, then that your choice as I said before in a lot of other threads like that, use http://gittip.com the developer is trying to add bitcoins. The problem with gittip is: 1. When I donate to a developer through gittip he receives BTC 1 and is still malnutritioned, while there should be a dedicated website where 1,000 people like me pay a developer BTC 1 each, making the developer 1,000 x happier. 2. When I donate through gittip I have no recourse over the developer. When I co-finance a feature through a dedicated project management website I can at least get back some funds from escrow if the developer's work is buggy. Gittip is of no use if Bitcoin development's quality is to skyrocket. |
|
|
|
Well now your talking about the blockchain scripting, which isn't turned on for good reason. We are still in beta, this stuff is still experimental, don't you want this stuff stable before adding another human factor in to something that isn't worth cents, that is worth over $100? It was just an example to show that e.g. up-to-date documentation is needed - nobody will write it for free. I wasn't particularly interested in this feature, but looked for it for an hour in my Bitcoin-Qt and couldn't find  The problem with bitcoin is now people are getting greedy and if the developers don't want to do it for free, then that is their choice. Nobody wants to work for free. I understand the devs pretty well. They are developing something beautiful that can potentially change the world. They should be rewarded, and its the system users who should pay, if the system users want the system to improve. I want to pay, but I do not want to donate to TBF (how can I be sure I am not donating to lobbyist's salary or the development of the feature I do not like and will not use?). TBF has been failing to provide devs with good financial backup. Hence my idea of dumping TBF and starting a crowd financing website through which devs could be rewarded for their work. Shit, nobody even gave any comments to this proposal, except for John Smith. |
|
|
|
I would think it be great for the bitcoin community if Gavin actually stop being the lead developer I feel he has gotten too powerful in a position that is suppose to be powerless.
I'll tell you what would be great from my perspective. Look at this video http://www.youtube.com/watch?v=mD4L7xDNCmA One of the devs (Mike) speaks there are certain capabilities built in the system that are ready to use, e.g. you can use some tool to avail funds when your kids when they turn 18 or something (not before). Now, how to find such a functionality in Bitcoin-Qt, what command should be typped in Console? Well you guessed it, there is no documentation to Bitcoin-Qt and you can't find such a tool unless you are a programmer or a geek. Why the heck some developer could not be paid to make a documentation to this feature? I do not think the problem is in Gavin leading the team. The problem is in the team not getting paid and therefore not getting the job done! |
|
|
|
And while Gavin and others may be smarter than Ron Paul, the real question is, are they more principled? I would guess not.
I think they are more principled. They are intellectually rigorous. At least Gavin is - I infer it from interviews he gives. Anyway, I submitted the idea of ''Bitcoin project management website with rewards / salaries paid to the developers'' and I have not yet heard whether people like it or not.
Is this idea good, is it ugly, is it bad? Do you like it or not. Why not? Please speak. |
|
|
|
It obviously broke a very strong support a while before it started to crash
So did we.  Just stay on your toes, that's all I'm saying. Would this trendline look the same if it weren't for the exponential scale? |
|
|
|
|
Show Posts
