Dank for de nederländische support

About spreading the word: one can only tell people so often before it's considered spam. I've put up this thread (obviously) and I try to keep it alive so people see it. From time to time I point people on #bitcoin irc channel to the thread, but as said, I don't want to appear spammy. I also try to spread word on twitter (don't have any considerable amount of followers, though).

There's a lot of other places where one could spread the word (other thread on bitcointalk, other forums, pool pages, bitcoin new sites, irc channels, etc pp), and I encourage everyone to do so. It's probably best to point people here, because this is where all the info is on how to contribute.

EDIT: another idea: maybe we could get this thread stickied? Anyone know a mod here that could do that? Would it help?
EDIT3: another idea: use your sig space (see my sig)

EDIT2: about getting info about what the film will be about: I've been trying to get some sort of a merketing punch-line from Max, but he didn't answer this specific question (I had other question/issues at the time). I don't want to bug him too hard, he's surely got a load of work these days. I'll drop a "project buzz" into PirateMyFilm site, maybe "rishey" can answer. It might be the case, though, that they are unclear themselves as to what exactly will be the content.

This is true. However note that I gave my email address, bitcointalk and irc alias in the contract. Not much more I can do.

I'll even give people my real name and address via PM upon request.

At some point, you'll just have to just trust, I guess.

In the end, we additionally have to trust PirateMyFilm and Max Keiser, too, to actually produce the film (and do so in a way that sheds positive light on bitcoin).

I totally see your point and I agree. So let me try to give the simplest possible instruction to buy shares:

1.) Sign Up and Create an Account

• open browser to https://glbse.com/client/glbse/index.html, enter a password to encrypt locally stored data, click "Go"
• You should now be in "Account Managment", click "Register New Account"
• You should now be in "Create New Account", click button "Generate new KeyPair" and enter an account name (any name will do) in "Enter a name for this account", click "Register"
• You should be back in "Account Managment" and see the newly created account. Click the "Use" button next to the account name you entered before.

2.) Deposit funds

• On the "Account Page" (It says "Global Bitcoin Stock Exchange" as title and there's a menu on the left), you can see your bitcoin balance on the top left below the title. Lets deposit some bitcoins by choosing "Deposit Funds" from the menu.
• You're now on sub-page "Deposit Funds", click button "Get Deposit Address". You will see a bitcoin address in the text field below the button you just clicked.
• Send some bitcoins to that address and wait for (I think) 7 confirmations. Click the "refresh"-icon to the right of your balance to see if the funds have arrived. (I sometimes get an error "verification failed due to incorrect signature", also when using other menu items. Dont worry too early, it seems to reliably work on second try)
• You should now see your funds in the balance (top left)

3.) Buy shares

• Choose "buy" from the menu.
• Enter "MAXKEISER.bitcoinfilm" into field "Enter the asset id"
• Enter "5" (for example) into field "Enter the quantity you want to buy"
• Enter "1" into field "Enter the price you are willing to pay"
• Click button "Buy"
• To verify you have bought the shares, you can choose "Portfolio" from the menu. You should also see the transaction in "Bitcoin History" and "Assets History".
• To see the status of the Asset, choose "Asset" from the menu, enter "MAXKEISER.bitcoinfilm" into field "Enter the Asset id" and click button "Get Details"

4.) Backup the keys

The keys for an account are stored as local data somehow in your browser. Maybe not a safe enough place... to make a backup, do the following:

• go back to the "Account Managment" page by clicking button "Accounts List"
• click button "Export Accounts"
• click mouse in the big text area that appears and hit Ctrl-A or otherwise select all the text
• paste that text into a new text file and store safely somewhere

I hope this helps. Please point out any mistakes.

It helps them think. The human brain is like an iPod: touch-activated.

I'm a bit confused. I didn't try to imply the conference should pay for the flights. I was merely taken aback little by the fact that the "needed funds" increased.

I think you guys are doing a tremendously great job organizing and financing the conference in Prague. Thanks so much for that!

I wrote an email to info@piratemyfilms.com and received a reply from max@gmail.com:


I'm not sure who "you guys" are supposed to be in this context. The bitcoin community? The bitcoin conference organizers? I also don't know who the "we" in "our flights" are.

At this point, I'll just accept the fact that the budget for the film has increased.


Wow, that's awesome news!

I never used any howto when I started using GLBSE couple weeks ago. It's not hard.

I think it might be important to advise to make a backup of the keys and stuff (can be done via the web interface) and to not forget the password.

I searched for a GLBSE howto, but couldn't find any.
Should anyone find one, please post it here.

Just saw this "buzz" on PirateMyFilm by "PMF fund" (the owner of the project):


I will not comment on this at this point.

There's good news and bad news:

Bad news: fund needed for the project was INCREASED from USD 900 to USD 1.500. I wrote an email to Max about this. Amongst other things, I asked wether we can expect more increases.

Good news: Someone donated BTC 100 to the donation address! Thanks to whoever that was!

I updated OP, project now 32% funded.

I don't think it makes sense to issue more shares unless you need more money to buy assets. If people want to buy shares, they'll have to buy the market price.

I just didn't want to miss the opportunity to buy freshly issued shares.

In general, I think new shares should be offered at some market price average.

Good idea, the only drawback is that I cannot give people money back in case I cannot funnel the funds towards the film for any of the reasons mentioned in the contract.

Therefore: when you donate to the following address, do post the transaction ID and also a return address here if you want funds back in case I have leftovers.

  1GhJ9QpShc9t1jWNgx8DX8nA44GYojHhE3

Any leftovers I cannot give back to the donators will be given to the bitcoin faucet. EDIT: except the donator specifies otherwise to me in PM.

I'm not sure wether I should buy GLBSE shares with the donations or just keep records. Doesn't make much of a difference I guess, at least not until most shares are bought.

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

I'm hesitating to exchange the BTC to USD. I'll probably wait as long as possible before I do this, that way, I can give people their money back in BTC and they haven't lost anything, should the film not get funded and the exchange rate go south.

Thoughts?

It doesn't currently look like it'll happen, though: only 21 of the 180 shares on piratemyfilm.com are bought. 10 shares of my glbse contract have been bought. So the film is only (21*5 + 10*3.03) / 900 = 15% funded.

So, please buy some shares if you want to see the final project.

ok, seems it's a slow start... 7 shares sold so far.

If you want to sponsor Max Keisers film "European Bitcoin - Prague"... you can now do so using Bitcoin by buying glbse-shares of issue MAXKEISER.bitcoinfilm.

Details: https://bitcointalk.org/index.php?topic=51133.0

(This is related because Max will be talking at the conference and because the 26 minute film will probably (I'm assumning) include footage from the conference)

first share bought, wooohoooo!

Yes, 0.5 BTC. I'll probably pay that out of my own pocket.

The contract is up.

Asset id: e612adfd38720d4a6d6cdabababed0a5baa6631dd3ca69938fbdbe6625c9dbfb
ticker symbol: MAXKEISER.bitcoinfilm <- you can use that as asset name.

I issued 300 shares, which are on sale for 1 BTC each.

So please, if you want the film made, go buy some shares.

Better wait a while after finding out, in order to not reveal your identity ^^

ABORT, payback, see this post for status: https://bitcointalk.org/index.php?topic=51133.msg640461#msg640461

maybe you noticed Max Keiser will come to Prague for the Bitcoin Conference and speak there.

He's also planning to make a 26 minute news feature, titled European Bitcoin - Prague. He's funding it via PirateMyFilm.

Max has gathered quite an audience. He's inventor of GIABO (Global Insurrection against Banker Occupation). He's a ex wallstreet trader, "frontline financial war reporter", film-maker and truth-teller. He regularly exposes "financial terrorists" and rages on Russia Today about global financial issues and related politics.

I think his movie could give bitcoin quite a publicity-boost in certain circles and I also think we should pool some resources to ensure it's being funded (USD 900 (currently about BTC 300) will fund the project)

Idea:

The idea is to pool support of the bitcoin community to fund this film via a "Proxy Contract" on GLBSE called MAXKEISER.bitcoinfilm

People buying shares of this issue on GLBSE will in fact be donating money to the production of this film. There will be no (regular) dividends payed and after the film is funded, the shares will likely be worth BTC 0. This is therefore not an investment in the classical sense, in that there will be no return.

Here's the contract:


Status: (as of Thu Nov 24 14:14:57 UTC 2011, exchange rate used for calc: 2.32 USD/BTC)

• Funds needed for project: USD 1.500
• Shares reserved on PirateMyFilm: 31 (of 300 needed, none of these are reserved by "us" (glbse + donations))
• Funds received via GLBSE: BTC 41
• Funds received via donation address: BTC 133.56
• Project is 37.32% funded (10.33% via "others" on piratemyfilm, 6.34 via glbse, 20.65% via donation address)

Donations:

upon request in this thread, I setup a simple bitcoin donation address for people that dont want to go through the hassle a GLBSE account involves:

1GhJ9QpShc9t1jWNgx8DX8nA44GYojHhE3

Please after donating, make a post here with the transaction id and a return address. That way I can return leftover funds to the respective donator.

Any funds leftover after trying to return to the respective donators will be given to the bitcoin faucet.

LiteCoin donation address: LQoxjfjJWcWh3pNRVDJmaDHWBLoejju27X (funds to this address will be exchanged to BTC pretty much right away, so I might not be able to give back all LTC)

Links:

• Thread this idea was born from: "Max Keiser speaking at Bitcoin Conference in Prague"
• Film Project info: PirateMyFilm Project 291 "European Bitcoin - Prague"
• GLBSE Contract: MAXKEISER.bitcoinfilm
• GLBSE share buying HowTo (a post in this thread): https://bitcointalk.org/index.php?topic=51133.msg611782#msg611782
• Blockexlorer Donation address received

Maybe an answer could be found by asking in silkroad community forums: http://dkn255hz262ypmii.onion