I've worked out how we can make the transaction without risk to either party.
i'm more interested in this part. would you care to share? i think a lot of otc traders out in the marketplace would like to know of a way to conduct transactions while minimizing counterparty risk. |
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Also are multiple entries allowed I have one more idea but its less on the clean minimalist approach and dont know how it will fit with the current site design.
i'm not the OP, but i'd guess the more the merrier.  so if you have a good idea - post it! |
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Great start - really liked where it was heading. The plethora of grammar errors can use some fixing... but besides that, very promising. A bit doctorow-like, i think. |
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this is really rather incorrect. he's the principal in this venture, and he chooses to sell X% equity stake for Y amount in funds. there's nothing wrong with that. sweat equity is quite important.
you are of course welcome to decline his offer, or try to bargain for more stake per dollar, but it is not unreasonable for him to claim some percent of equity without necessarily putting in that same percentage of monetary capital. that's how public financing works.
e.g., when google sold its ipo for $ungodlyamountofbillions, while page and brin kept >50% of equity stake, do you think they magically came up with billions of their own money to put in? no, they didn't have it to put in. essentially, they said "we're selling X percent of the firm, being represented by some number of shares. investors, feel free to bid on the right to own a share".
Well, this is all quite true. But to me it is not clear that Kiba was aware that he was selling 50% of his company, and not 100%. Kiba oviously can't sell his reputation at a huge price as Google did. The only thing he could sell beyond the price of the machine, is his idea and his motivation to make it real. And it is not particularly original. Thus to me, his company worhs very few more than the price of the machine. It is nice anyway to see such a young person (I think he said he's a teen) interested in venture capitalism. I might indeed be interested. But he has to come up with a proper initial offering. indeed - now that we're all on the same page, the bargaining can commence. |
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Than you'll have to wait until I make enough money from other business venture before I'll consider raising capitals for thing-o-matic.
I understand. It's perfectly normal from you to want to make money with your idea, without giving half of it to investors. To do so, you need to raise half of the price of the device. But you can also accept the idea that investors will gain more money than you, at least at the beginning. Then, with the money you'll earn, you will buy their shares back, until you eventually own more than 50% of the company. this is really rather incorrect. he's the principal in this venture, and he chooses to sell X% equity stake for Y amount in funds. there's nothing wrong with that. sweat equity is quite important. you are of course welcome to decline his offer, or try to bargain for more stake per dollar, but it is not unreasonable for him to claim some percent of equity without necessarily putting in that same percentage of monetary capital. that's how public financing works. e.g., when google sold its ipo for $ungodlyamountofbillions, while page and brin kept >50% of equity stake, do you think they magically came up with billions of their own money to put in? no, they didn't have it to put in. essentially, they said "we're selling X percent of the firm, being represented by some number of shares. investors, feel free to bid on the right to own a share". |
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why not post an offer on #bitcoin-otc ? |
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Here's another version, attached.
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nice work - but you misspelled 'shortener'  He just shrtnd it a little ;-) hahaha good one!  |
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Nice idea, although when i try to shorten a link its says "Sorry, the page or site you entered was not found or had errors. Check your source link and try again"  Also here is my entry for the logo comp !  Thanks nice work - but you misspelled 'shortener' |
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maybe, sounds like an interesting alternative.
you're more than welcome to come in and place a bid/ask on bitcoin-otc in exchange for alertpay funds. the OTC market does not have any restrictions on what can be traded for btc, so alertpay is just fine.
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Hey, looks like a cool project... attaching my rendition of the btco.in logo. Hope you like. If so... I'd like my 100 btc please. |
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What's with all these one post wonders with thousands of bitcoins for sale, for non-reversable funds?
It should go without saying that he sends first, or you use someone trusted as an escrow.
We need an "I'm selling bitcoins" thread for all these to get moved into. there's something even better - http://bitcoin-otc.com </plug> |
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I quess that since you have logged off, there will be no deal.
I'm still here. you have a Pm reply. Valerius try http://bitcoin-otc.com for OTC trading. (maybe in addition to posting things on forums) |
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Of course I'm still here. So far all my transactions have been with a single person and he hasn't volunteered to offer any feedback. Please do so if you're reading this.
Please be patient. You're getting ahead of yourself and no one has even lodged a complaint, which I'm sure no one will.
Just a suggestion/plug: try posting your offers on #bitcoin-otc . see http://bitcointalk.org/index.php?topic=1491.0 |
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The instructions say that PayPal "personal gift transactions ... are not chargeback-able". In a sense that's true, but those transactions can still be reversed by PayPal if they were made fraudulently (e.g. by someone who stole the login credentials of the legitimate PayPal account owner). So don't assume that they are irrevocable.
true, i need to make a note of that. thanks Also, is there a way for the recipient to know whether or not the payment was designated as a gift? Maybe the PayPal email says "You have received a gift" or something similar; I don't know.
my current understanding is that the only transactions that come through without any fees are ones which are from (a) pp/bank balance and (b) personal. so if you receive a tx and no fees have been taken out by pp, then you know it's from balance, and is personal. |
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