agreed, but just to add
even without rep, being totally forward and honest helps.
even without rep, showing you have collateral, abilities, skills helps
even without rep, not sounding shady and asking to people to wait, while strangely your first action is to set up the payment method, way before anything else

seeing as you want to learn a bit more of the inner workings of bitcoin via the console (things the GUI doesnt show)
here is a list of commands you can use
https://bitcoin.org/en/developer-reference#bitcoin-core-apis

with these commands you can learn about the nodes connected to you.
you can get details about blocks and other transactions.
you can manually make transactions or verify transactions(may help you learn more about it)

after all the GUI only really displays transactions linked to your addresses. so there is a mountain of information you can gain from using the commands

your idea is not new. its called cloud mining.
you can wrap it up with colourful paper and tie it into a bow.. but essentially its just cloudmining..

if you want a honest opinion to know if you pursuing it is going to be beneficial then expect people to want to know who you are to know if you are the right person to do it. and to know if its a real business or just another rip off grab money quick scheme.

due dilegence = something everyone should be doing
throwing money blindly = something no one should do. although you as a gambler still need to learn that lesson

what would be better is instead of telling people to shut up and pay up. with a "just wait to see what happens" shady reply
a better idea would be to explain how your zero income can actually buy mining rigs while users funds are held in escrow.
a better idea would be to explain how your zero income can actually repay the loan you mentioned within 2 months
a better idea would be to explain how your zero knowledge of mining makes you worthy of managing a mining pool
a better idea would be to explain how your zero control of your electricity costs is any better then anyone else running their own miner
a better idea would be to explain how your zero storage/property makes you worthy of 'housing' peoples rigs instead of getting them delivered to their own location.
a better idea would be to explain why you spent more time to set up an escrow aggreement then you did to learn about bitcoin. seems obvious what your more interested in getting out of the community

so instead of asking people to shut up and wait. atleast provide answers that can satisfy peoples questions,
because without even offering valid answers to quash basic due diligence then there is no point even trying to start a business, this topic is afterall more then just a query.. its obviously an initial advertisment because you already set up the escrow agreement before anything

firstly going offtopic to answer the mis-informed altcoiner above who loves to derail topics.

i have never been a gavin or hearne fanboy. i much prefered BU(you did too.. funny that.. even funnier is your favourite alt has the same scaling attributes you are trying to fight against bitcoin implementing)
now then.
the 2mb solution was not a hearn/gavin idea. it was a community idea that was an accceptable balance for growth while chilling out the cries of the misinformed "100gb blocks in a few months doomsday "armageddon"".
i seen 2mb as an acceptable conclusion and compromise to the "armageddon" cries. neither due to hearn or gavin or anyone else.. it was just logic prevailing.

however the misinformed people (like yourself) had other plans. you want to centralize and destroy bitcoin to move everyone over to sidechains(altcoins).
you were misinformed also because if everyone used the same 2mb rules there would be no controversy or control.. but instead you beleived by trying to cry that bitcoin-core should not move with the community they would dominate and control or they would lose control by going with community wishes.
hello wake up. no one should have control..
your controversy that you and your friends started actually diluted growth descussions for the community and instead turned it into making blockstream paid employee's gaining power to control bitcoin more centrally..

as for the scaling solution
lol the only plan you "beleive" is the one where your fearless leader Gmaxwell is going to opt that monero becomes the sidechain to be the "The real scaling solution"

and dont even try to make it sound like you are talking about segwit.. segwit is not a scaling solution.. its just a one time potential boost.. not an ongoing solution that scales.

and i still have not got an answer about your opinion of lukeJR releasing code to the real scaling solution.. which funnily enough is 2mb..
are you for it. or will you rekt him too

P.S: it made me laugh when you tried to defend the whole satoshi/bitcoin unit measure by talking about integers. i mean come on. even someone as naive as yourself must know that not only are integers not divisible, but you could not even argue your way to say that a bitcoin is the unit of measure.
1800000000000000 units =18mill bitcoin..(based on scenaro where 3mill coins are 'lost')
add an extra 0
18000000000000000 units =180mill bitcoin..


now for the ontopic thing
go on admit it you would love bitcoin to burn its coins so everyone uses monero. i know ur cohorts do. gmaxwell loves his monero. as do ur other friends.. kind of makes it obvious where you want bitcoins endgame to land.

in my opinion burning coins for the sole purpose of locking people into a sidechain is bad.
people are free to destroy their own funds by just deleting their keys or sending funds to known bitcoin burn addresses which have no keys for personal reasons.. but in no way should it be utilised as a tool to push people over to an altcoin, nor as a widely used thing to cause drastic loss of coins out of circulation, in a ploy to puersuade the community to agree to magically create 10x more coins later

 

the unit of measure starts at 1, when there are 100,000,000 of these units the GUI calls that allotment 'a bitcoin'.
however the single unit is called a satoshi.

at code level as you say is integer.. meaning there is no decimal. so there are no 0.XX of something, instead its multiples of something ..meaning. it starts at a satoshi and moves up.. but does not start at a bitcoin and move down.

learn bitcoin
learn integer

have a nice day

p.s i do not idolize hearne. its just your warped mindset that thinks anyone that wants bitcoin growth must be REKT. sorry but your days of controversy are nearly up. time for you to find a new hobby, maybe playing with monero would entertain you more. we know how you lot love your monero altcoin

please learn bitcoin..

at code level. there is no bitcoin, only satoshis..
its at GUI level that converts 100,000,000 sats into one bitcoin.. again for emphasis GUI level

so if you were to make 1 sat turn into 10 sats by moving a decimal.. the reality is you are creating (imagining the 18mill coins after loss scenario) 180million bitcoins

after all 100million of the smallest unit. doesnt make there be more fractions at code level, but makes more 'groupings' at code level, but is then just baited and switched at GUI level to hide the fact that there are now 10x more coins

seems lauda's mindset is burn bitcoin to bait people to an altcoin. to then later magic up more bitcoin..
(facepalm)

using proof of burn to cause a small drop in circulation is acceptable .. emphasis small drop.

but using it as a tool to convert someone over to a different cryptocurrency could kill bitcoin if everyone done it
EG if someone wanted (madeupname) instantcoin because they were sick of waiting for confirms/increasing tx fee.. once they moved over to instant coins, they are stuck with it. they cannot burn the instantcoin to retrieve their old bitcoin in a swap, as those bitcoins are gone! forever!

anyone is free to throw away their coins but i do not suggest any dev's use burning coins as a method to hype up an sidechain(altcoin) they want to convert people over to.

anyone thinking the opposite should just go play with their altcoin and leave bitcoin alone. if you dont wanna keep bitcoin. maybe donate it to seans outpost or a charity

to me its a good thing.

say i was selling a product for £100 and an american wanted 10 items (i want £1000)
americans had to pay $1600 months ago.
now they can buy it for $1300. ($300 left in their pocket, and i still get £1000)

think of it this way
take that same $1600 initial amount, it would get the american 12 items(2 items free compared to previous order of same cost) and i would get £1200

so its a win win for both sides.

negative interest rates do not result in people spending more. it just results in them moving their funds to a different method of storage that wont charge them.

there is no rational reason why BoS would do this as it ultimately would lose them business.
EG a deposit of £1m equates to a allocation of £10m that BoS can fractional reserve themselves.
so while they hope to collect £40k if the depositor stays with them. but the reality is that the depositor will take out the £1m and go elsewhere and then BoS cannot loan out £10m which even at a standard mortgage rate of 5% would have yielded them £500k in interest

i feel something else is going on behind the scenes because if i can work out that charging someone £40k has a risk of losing £500k.. then they should too
i feel something else is going on behind the scenes because BoS has said they want to stay in the EU. so making Euro holding depositors leave them is the opposite to wanting to stay involved in the EU.

either way its not going to be good for BoS and depositors will just move their funds out...
.. which the op is presuming 'may' be into bitcoin.

personally i dont think there will be a big bitcoin buy-up due to BoS, but the news itself of stupid idea's banks come up with that have no rational reason, or proves that banks are bad.. can only be a good thing for real asset holders like bitcoin

it was more then just an opinion. he already 'negotiated' a deal with a escrower.. but surprisingly stayed quiet about his own expertise, experience, skills and ofcourse capital.

so i just made the basic info people should know about a person more apparent by linking in the OP's quotes

agreed

your opinion is wait to be scammed then call it a scam??
um no..
better to do due diligence. check out the person asking for funds. find out if they can personally afford the costs while your funds sit in escrow. look for signs they know what they are talking about, and find out as much as you can before doing anything else.

never just throw funds at someone blindly to then, when scammed cry that you been scammed

(though off topic)
did you spend your vacation thinking up how to throw another bitcoin dev (lukeJR) off the bitcoin bus, making him part of your REKT campaign to centralize bitcoin by making bitcoin owned by only one group of devs? throwing anyone off that dev group if they dont follow the blockstream plan?

i see you disapeared for a while and avoided answering the question about your future tactics concerning lukeJR.. so i think its actually you that is causing propoganda to mess with bitcoin.

so man up and answer..
will you realise that there is no controversy if a bitcoin-core dev has a version of bitcoin that allows real capacity increase. thus putting all implementations on an equal footing with no central control
or
push lukejr off the bitcoin bus with a rekt campaign to try keeping the controversy alive so that only one group owns bitcoin voting power of features?

ill make it easy yet again
1. suport luke Jr's decision because he is a bitcoin-dev
2. rekt luke Jr because its not a blockstream plan

just answer the question 1or 2.. or dont reply go play with your monero

scam

after reading the OPs post history. he still lives with parents and worries about electric. he does not even have 2btc (ill explain later) to his name. so even before anything he does not have any/enough hash power to start a new pool that will get some blocks (minimum 0.7% of network hashpower for a chance of 1 block a day)


even just 3 weeks ago he was penny pinching the faucet sites
which shows he hold no real capital/assets. otherwise he would not need to spend hours to get 50cent a day of bitcoinby raiding faucets.
general rule: people with a real life job to buy bitcoin or already holding bitcoin dont raid faucets.

he has no money management skills
at most he wants to take a loan out for 3Btc and pay that person back 4btc in 2 months..
he has no clue of return of investment timescales. and no clue of how much it will cost.
i feel he wants to rob from the community to repay a 3BTC loan which he wasted on gambling.

proof of loan and not understanding ROI from mining

proof he doesnt know mining pools or set up costs

proof he lost funds gambling and is trying to penny pinch, steal funds from community

in short the OP is now pennyless and is trying to scheme money out of others.
he does not even hold 2.7btc needed to buy a single antminer S9
think about it. if peoples funds are locked in escrow, how will he be able to buy the miner needed...

do not fool(pun: fall, fool) for the OP's scheme.. its definetly a scam

i never tell anyone exactly how many coins i have, nor do i expect anyone else to.
though i have judged people if i see they are obvious altcoin fanboys and are doing their best to ruin bitcoin in favour of another coin.

but the way i see the OP's question, and my response to it is this.

how is the bitfinex hacker deemed more important part of bitcoin, then 110,000 people with just 1 bitcoin each?
i feel
no single voice should have power over thousands of people just because they are "rich"
no single voice should have power over thousands of people just because they are hash-heavy
no single voice should have power over thousands of people just because they are "the A team"

thinking that money=power is the failed mindset of fiat. lets not be sheep and bring those failures across to bitcoin

these are my sentiments too, so easier to quote

guys, no one needs $1billlion to cause a price rise.

the easiest method is super cheap for people holding bitcoin.
take your bitcoin out of exchanges.. then the supply of bitcoins will dry up meaning those wanting to buy bitcoin end up moving the price higher using less coin

ive done some investing and in no way would any investor invest in anything that has stats to suggest 10 year break even.

even if you have a percentage ownership/control of the company you are still hoping for positive returns within 2 years. or without controling interest (treating it more like a loan) then the sooner the better

no one invests long term unless there is real (instant profit) collateral up for grabs that can be sold easily.
EG banks do the magic money creation for a mortgage agreement at a real world cost of 5% and then charge the mortgagee 190% over 10-30years knowing the end result is 5% cost upfront with either a house to sell if they default or 190% if the mortgage pays off. win win..

a few years ago IT companies had 'offers' of upto 70x the businesses value.. but recently there has been a correction in that insanity (bar a few exceptions)

if bitfinex was to offer me 50% control of bitfinex, id laugh at them. they are in no way worth $72million of any investors money. if anything $3million for 50% control would be a tempter.

sorry but i just cannot see bitfinex getting bailed out by investors, or having the reserves to cover losses.
the only scenario i see playing out is trying to settle the debt at pennies to the dollar

seems the OP is starting to act a bit to much like 'bitcoinpro'. im guessing bitcoin pro bought another account 2 months ago, but hasnt changed his ranting tactics..
sorry bitcoinpro your game is up, you have been outed

not really.
it doesnt matter where or how the funds are stored. if they want to tax you, they can.

even if you put all of your families funds into a trust(multisig is bitcoin equivelent) or spread each families funds into 2000 different accounts(addresses)
when you try spending them on real world items/property, your stung. then its up to you to investigate yourself or face a random large fine amount that they have pulled out of thin air.
its how they work. if they see you are suppose to be pennyless but find out you drive a nice car. they then look at not only the car but everything.
by charging a guy a few hundred dollars to visit you and take inventory of everything you own.
and then put a magic number against it to say this must be your income to be able to afford these 'luxuries' ..
they then add on the costs of this inventory gathering exercise and add that onto the bill you owe.
you then have to prove the opposite by showing how you could legitimately get all of those 'luxuries', while they sit back and let you dig your own grave, or wait for you to cut them a cheque

no one was crying when america had over 70% of the network hash power, where only a couple years ago, it was either ATI(majority) or intel(minority) supplying that american demand.
thats because the racial biased mindset imagines america as free independant people. but sees asians as all 1billion people stuck together working in just one sweatshop with a tyranical manager whipping them into action. (complete opposite of the reality in china)

so to me the whole 'china is bad' mindset is actually racial not logical