LOL! Probably best one so far ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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I avoided coverage of the campaign like the plague this time around. I know that health care reform was a huge part of Obama's campaign the first time around, what "mandate" will he be claiming this time around? (I detest it when politicians claim that winning an election means that the electorate supports all their policies when often the electorate chooses the least worst option on a single issue).
Nothing so far. Most he has said is that he hopes that now he'll actually be able to work with republicans in a bipartisan way. Nothing about getting any mandates.
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"Later tonight, mysterious Bitcoin Nodes HIDDEN in YOUR neighborhood, and how you can stop cyber terrorism"
Holy crap, I didn't even think about setting up my own local mesh network by just gluing/hiding these things around town. Since they're solar, I don't have to worry about power... that is awesome!
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(P.S. Don't knock "elitist librul ejukashun." Economics is economics)
what? Aka, what getting a university degree is called in American deep south, and within certain extreme righ-wing, armchair economist circles. da fogg! I can read "elititst", I can decipher "librul" as "liberal", but I can only guess "ejukashun" as something close to "ejection", which doesn't make sense even after your eplnahation. education?
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Updated spreadsheet to reflect your new loan info, with best and good case scenarios. Seems like an OK business, assuming you can get the sales numbers going (you'll need to find A LOT of guitar players every month). If you can, you should be able to make a profit, but you are basically signing yourself up for a salesman position. Good luck! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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(P.S. Don't knock "elitist librul ejukashun." Economics is economics)
what? Aka, what getting a university degree is called in American deep south, and within certain extreme righ-wing, armchair economist circles.
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Actually, if each pick only costs $0.05, I'm not sure why you need a loan in the first place. Why not spend $20 of our own money to buy 400 picks, sell those, and use the sales proceeds to buy more? The only reason for borrowing is if you were fairly confident you could sell a few thousand picks in your first month or two (or to dump the business risk on the lenders, letting them pay for Tor business, and defaulting on them if the business fails).
Also, what reason would people have to buy a blank pick with your logo from you for $0.35, instead of a completely blank pick from your supplier for $0.05? What is the value that you are adding that you at charging $0.30 for? Honest question.
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Art will be done by printer with transfer sheets.
Then you'll need to estimate the cost of ink and transfer sheet per pick. Then figure out your inventory, and reduce the loan to only buy what you actually need
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Do your actual costs include the cost of collecting, buying, and printing/painting text and art? Who will be doing the art printing on the picks, whom is the art and logo coming from and how much are they charging, and will you need to buy specialized printing hardware to print stuff onto the picks? Or will all text, logos, and art be done freehand with paint and brush, by yourself, for free?
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How to start a Zeitgeist movement: Step one: create complex, self replicating robots that can make anything, for free. Step two: figure out how to make everything, from food to shelter to clothing to electronics, from only sea water and air, using a process that creates zero pollution ...... ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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I think a more realistic scenario will be Bitcoin growing at 10%, your business growing at 3%, your first month's pick sales to be at 5, 2, 1, and 1 respectively, which, when changed in the sheet, will mean you will need an extra $311 of working cash by month 12, and you won't break even by month 25, with profits of around $50 to $60 a month. And, again, this assumes very low operating costs (hosting, printing/painting, etc). My sales number estimation is based on you not doing any mass advertising (you don't have money for it), and your business performing comparatively to all other small, self-started home businesses like yours. What this says, though, is that you will either have to increase the amount you need to borrow, which will increase your risk, interest rate, and monthly expense, or prove that you have $300 to play with, with the borrowed amount being supplemental cash, otherwise your first month's profit isn't going to cover your monthly debt payment, and you'll be in default in month one. Sorry, it's http://goo.gl/41ouaIt's Google docs
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Just whipped this up for you as an example. Everything in green are assumptions you can change. http://goo.gl/41ouaAccording to this, if the best case scenario for you is that Bitcoin only grows 5% per month, you start selling 18 picks a months, your monthly sales growth is 15%, and your printing costs are very low (just guessing on a lot of this, and don't even know where you'll get your art), you will end up going further in debt for the first 7 months (I'm assuming this will be extra out-of-pocket expense of about $45), otherwise you'll need to add another line of debt interest payments), will make a $4.94 profit in month 8, and will finally break even on month 15. Granted the expectation is that you'll be selling 206 picks a month by then.
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Wouldn't that be info an established company would provide?
Not at all. An established company would provide a plain table with actual numbers showing actual performance. A company in planning stages would set up a table like this where every cell in formula driven, so that it would be easy to see what kind of assumptions are being used, and more importantly be easy to change those assumptions and the table instantly give adjusted results, so that it would be easy to see what will happen in best and worst case scenarios. This is called a pro-forma statement, and is pretty much step 1 when seeing if your business idea makes sense, and showing your idea to potential investors.
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The erection is actually part of a joke in the picture. The content is a play on words, referencing morning coffee as a pick-me-up sorta thing (except having both, coffee and wood). And the art is damn good. If it was a really well drawn anime pic (hentai), and if I was into such a thing, I probably would've displayed that, instead. I've definitely come across people with such as their computer backgrounds. As for displaying it publicly, as mentioned, it's mostly covered, plus being able to do that is a major benefit of not living with my parents (we own our house), and being in a relationship with someone who is attracted to the same things I am. I'm sure if all girls out there were into lesbian porn as well, guys with girlfriends/wives would decorate their homes with it too ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Can you make an Excel table showing your financials? Three columns, one per time period (quarter or year), with lines growing down showing the assumed number of sales of each kind of pick, then showing cost per pick multiplied by each number, price per pick multiplied by each number, and resulting profit per time period at the bottom? That was we can see what kind of profits you are expecting, how fast you'll make them, and what kind of sales assumptions you are using.
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Regarding solar, if I put up a panel to absorb that energy, there is now a shadow, and no one can put up a panel under mine. Until we can set up a dyson sphere, it doesn't matter how big the sun is or how much energy is has, the amount we can pull out of it is still limited by the surface of the planet, which is used up at the expense of other things, like growing food.
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I'm sorry but I have a lot of difficulties to admit that sea water is something that is scarce.
If you use your resources to build a nuclear power plant/refinery, and it goes Chernobyl on you, and, unlike Chernobyl, it ends up SINKING INTO AN UNDERGROUND WATER WAY (which Chernobyl almost did!), then almost all sea water will become radioactively contaminated, and clean sea water will become VERY scarce. People have no idea how close we came to screwing up the whole planet, in the same way that you have no idea how something that is seemingly abundant can easily become extremely scarce overnight.
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After college I changed my views to socially-left/economically-center. I guess I was a pro-business moderate. After exploring Bitcoin and all the discussions on this forum, I've changed to anarcho-capitalist/libertarian. Ironically, it was all the economics and business classes and education I got from my state university that helped me understand why libertarian free-market economic theories are valid and would work. (P.S. Don't knock "elitist librul ejukashun." Economics is economics)
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Geez you guys have been busy. Yes, when I mentioned sand and air as things we pay for, I wasn't just talking about transportation. Good quality sand that can be used as a source of silica for CPU dies is not widely available, and good quality air is rare when there is pollution. Glad someone pointed that out. And actually, the air pollution issue brings up the other problem with he concept of "lack of scarcity," that being that even if you have an almost unlimited abundance of things, for example air, solar energy, and raw materials, using them for production may mean having to exchange one supposedly abundant resource for another. For example, if you but those 100BTC worth of replicating robots and let them replicate, in the process they will create dust and polluting byproducts, which may both reduce the amount of clean air, and thanks o smog reduce the amount of sunlight shining through to provide the energy. Now those supposedly abundant things are really scarce. And if you claim, "but this will only be localized to areas with pollution, where these robots were used," you are either ignoring that everyone will want the luxury of such robots, and thus all areas will get polluted, or are saying that replicating robots will have to be heavily regulated so that only certain people can use them, and thus will have to force the cheap 100BTC replicating robots to be scarce.
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