I have limited it to 15 people who are considered 'investors'. And for their investment they get back a limited coin plus what they bought.
Adding escrow for me with everything I have going is just another unnecessary complication and I do not have time for it. I have never used it as I ensure when I do deals I have a good degree of faith in what is on offer. People will be paying in Bitcoin for escrow but I will be wanting it converted to FIAT so as to not be effected by the value of bitcoin. Complicated unless there are FIAT escrow on here? But I might as well use kick starter or something similar?
I understand that so many scams have happened that I am not aware of (if I was I would not have originally tried to pre sell all of them). I dont expect anyone who does not know me or dealt with me before to invest. I understand now that pre selling is a terrible idea but I do however need to know this coin is a good idea and that people want it to be made. If there is not sufficient interest then the coin will not be made and I will focus on more traditional coins such as hologram coins (Actually there will be a new coin released very soon with some very interesting twists to it).
If I do not get 15 people then I will refund the people who have invested quite simply and stick to more traditional physical coins in the future.
I would be prepared to put the coin on kickstarter so the amount will be available to me in FIAT when the coin is produced. But if I find 15 people on here also that will for me be simpler and make it easier. I have so far had 2 people interested which is monkeynuts and bithalo. I will not be taking any payments until further interest. Or change it to kickstarter or something similar.
If this coin is worth making I will love to do it and will try work with the community on this. It is all very well minting coins, manufacturing holographic sticks and securely generating private keys then selling the coins. But when you add to the equation having to mint another 5 gold coins (actually only the cost of 1 of these is included in the price but this is high due to the cost of dies it is high), flying to another country to bury the gold coin, having the coins machined in USA and engraved by myself then I want a certain amount of confidence there will be a lot of interest in the coin. this is the reason I wanted some up front payment not for you to take the financial risk but to show me you think it is a good idea.
If you truly are just gauging interest then you should have no problem using escrow to hold the funds of preordering customers.Adding escrow for me with everything I have going is just another unnecessary complication and I do not have time for it. I have never used it as I ensure when I do deals I have a good degree of faith in what is on offer. People will be paying in Bitcoin for escrow but I will be wanting it converted to FIAT so as to not be effected by the value of bitcoin. Complicated unless there are FIAT escrow on here? But I might as well use kick starter or something similar?
I understand that so many scams have happened that I am not aware of (if I was I would not have originally tried to pre sell all of them). I dont expect anyone who does not know me or dealt with me before to invest. I understand now that pre selling is a terrible idea but I do however need to know this coin is a good idea and that people want it to be made. If there is not sufficient interest then the coin will not be made and I will focus on more traditional coins such as hologram coins (Actually there will be a new coin released very soon with some very interesting twists to it).
If I do not get 15 people then I will refund the people who have invested quite simply and stick to more traditional physical coins in the future.
I would be prepared to put the coin on kickstarter so the amount will be available to me in FIAT when the coin is produced. But if I find 15 people on here also that will for me be simpler and make it easier. I have so far had 2 people interested which is monkeynuts and bithalo. I will not be taking any payments until further interest. Or change it to kickstarter or something similar.
If this coin is worth making I will love to do it and will try work with the community on this. It is all very well minting coins, manufacturing holographic sticks and securely generating private keys then selling the coins. But when you add to the equation having to mint another 5 gold coins (actually only the cost of 1 of these is included in the price but this is high due to the cost of dies it is high), flying to another country to bury the gold coin, having the coins machined in USA and engraved by myself then I want a certain amount of confidence there will be a lot of interest in the coin. this is the reason I wanted some up front payment not for you to take the financial risk but to show me you think it is a good idea.
Are you accepting escrow?
Yes but not in bitcoin. That is the complication. I was going to turn the funds directly into Fiat to protect myself from the volatility of bitcoin. I could accept bitcoin as escrow and then when it comes to the delivery bitcoin could be worth 50 usd each. Is there a way around that? I am now thinking down the kickstarter line but a 5% fee will put the prices up slightly but at least it's everyone's covered. It may bring more publicity quicker too if it spotted.
While I wouldn't trust a brand new coin maker these days due to the coinographic scam, I echo monkeynuts in that in this case, I trust gravitate. He made the various microsoul silver and brass versions and earlier PBC coins.
Like I said earlier, I'm on board in getting a coin.
I would say though to ensure this project moves forward that perhaps gravitate can do something to put people's minds at ease. Escrow, partial payment, require only verbal confirmation vs payment, kickstarter, etc..
I think in this case kick stater would be the best option and there is a chance we will get interest from people outside the btc community too which would be good for everyone!Like I said earlier, I'm on board in getting a coin.
I would say though to ensure this project moves forward that perhaps gravitate can do something to put people's minds at ease. Escrow, partial payment, require only verbal confirmation vs payment, kickstarter, etc..
I will look into starting a campaign early next week.