This is a red herring, the only way this statement makes any sense is if one intended to use bitcoin as the only (or at least the primary) form of payment AND that there were a sufficient number of people who also lived off of bitcoin. And I mean LIVE off of bitcoin, you know, they work at a job that pays in bitcoin, pay their taxes with bitcoin, buy groceries with bitcoin and gasoline, movie tickets, cough syrup, toilette paper.... etc...

The fiat value of bitcoin is the ONLY reason that ANYONE (mostly) mines for bitcoin at all, so you statement is baseless. Therefore, I disagree about the price up or down not being relevant. If I buy mining equipment for $9,500 and the value of 1 BTC is worth $10 with the same difficulty level as is today, I would be insane to think that it was worth it. To illustrate see this calculation. Now, if the value of bitcoin were to rise to $250 for 1 BTC then this calculation shows the difference. You can't tell me, in all honesty, that this has no bearing on whether or not people mine bitcoin, which is the ultimate implication of your statement.

I think that you misunderstand the remark and I understand why, I did not place it well. The context makes it seem as though I was saying that I thought promoting bitcoin was some kind of diversification of business. I think if you revisit the comment and strip away the immediate context you would understand that I was saying that I want to promote bitcoin so that more people adopted it. If more people adopted it then the value would naturally rise, that would increase the fiat value for EVERYONE who holds bitcoin. Until (or unless) bitcoin becomes the global (or at least a national) currency, this is a valid way to increase ones holdings. It is offered as more of a support for the value of the investments rather than a profit earning ploy. Considering this information, your relevant statement is also baseless.

It would be more accurate to say that I do not have a clearly WRITTEN business plan and I addressed this in my previous post. I can understand your point and your frustration sense you are unable to read the thoughts in my head, so you can only rely on the information I have already released and can only ask me for better or further explanation. I know this is an issue and I am trying to address it, but, as I have stated it is not my strength and it is somewhat of a struggle for me. I am simply not a linear thinker, I am a multi-linear thinker and it is hard to reign it all in.

Agreed. Keep in mind that a potential thing is not a guaranteed thing and the ultimate risk of ANY kind of venture is total failure. I think that you want specific numbers, that's something that I have been working on, yet any specific numbers I could provide would only be an evaluation of speculation. That being said, having specific numbers would help substantiate any claims as being at least reasonably possible, so I will continue to work on getting that out to everyone.


That is not a clearly logical progression, it is an emotional statement meant to invoke a cautious response in others. That is not to say that I do not appreciate and understand why you would wish to express such emotional woes. But I must admit it is rather hurtful when people say such things with absolutely no grounds, but then again, I suppose that sense I have not released any comprehensive documentation, I should expect this type of response from some individuals. So the hurtfulness I feel is tempered with a good dose of empathy.

I hope that you can tell that I am not so unreasonable and that I can balance my understanding of both sides of the issues. I hold no resentment towards anyone.


Ah, now your showing your soft side. Your actually trying to be helpful. Thanks for the heads-up!

Thanks for your comment,

I must admit that I am still working on how best to explain the plan of the company but in short - The company will not rely solely on bitcoin mining, instead the plan is to branch out. One of the goals is to promote bitcoin heavily, with the idea being that the more people who use bitcoin the higher its market value becomes. Beyond that are many possible ways to increase the income of the company and we are open to just about any bitcoin based opportunity and I have several new concepts that I will be pursuing. The bitcoin mining is mainly a launchpad for other opportunities. Profits will be slower in the beginning, but will increase as SolarWind diversifies.

I am afraid that most of the issues you may be concerned about are the result of my nature. I am not the best at writing things down so I have to work extra hard at it when it needs to be done, so it takes longer. That being said, I will try to concentrate on the major issue that you raised and satisfy your concerns to complete satisfaction.

And by the way, I have plenty of French ancestry and I love the wine!

Thanks!


Depends on how rigid you define what a 'logo' is, even so, I think that you must have missed the part that say's 'Work In Progress,' n'est-ce pas?


Perhaps, but I don't think you can tell so well from your perspective to be able make such an empirical statement. You don't know me nor what I am capable of so your opinion has a limited base. Although, I will keep your comment in mind as a cautionary one.


A rather discourteous statement, was it meant to be or was it meant to be oddly constructive? Blame it on my ADD.

Hi tautvilis,

Visit This Link

OK flyboy, I'll PM you something.

Maybe you can help, I thought this version was easier to understand than the last version, so you might be able to help me clear this up for others as well.

Warning: I will not allow any further abusive language. If you want to say something you can do it with a greater level of respect than you have shown here.

Dr. Jekyll(Artuk), meet Mr. Hyde(MPOE-PR)

 How many other alts do you use?

Members of The First 100 Club. If you haven't already, post a reply in The SolarWind Mining Company Official Thread and receive one Bitshare worth 0.001 BTC. If you have already post in the official thread you will receive the credit.

Thanks!

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I have updated the OP.

https://bitcointalk.org/index.php?topic=297334.0

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I must advise you that because of the recent changes in the rate of increase of the difficulty level that my plans are in the process of changing. There is one aspect that I will never change, SolarWind will always have a commitment to double investment funds IF the investor chooses that option. It may take longer than originally planned and we will have to diversify sooner, but I am stubbornly determined to make it happen. The one change that I am making that I am certain of is that in order to achieve the goals that I have set out for the company, I must institute a new investment program, we will no longer offer Standard or Founders Shares. Instead, we will offer a Standard and Founders Contracts. The new feature that I am adding is called the RollOver Option (ROO). The ROO is a feature that allows the shareholder to pick their own target amount.

How the new investment structure will work:

(Note: For those who have already made investments, the terms that you agreed to will still be in effect. Even so, the BitShare terms have not changed to any significant degree. If you leave things as they are, or decide to use the new format it will not really change the outcome of your payments. You may keep the DROII option on your future Standard Shares or Founders Shares.)

(Warning: Before you make an investment in any company you must understand the risks involved.

    There are several things to consider and a careful judgement should be made as to whether or not you can afford the risks involved in investing in bitcoin and its related industries. Risk should be assessed while keeping in mind whether you can afford to lose the funds you are intending to invest or if a particular investment has greater risk than you are willing to take. Make sure you understand that things can go wrong, even for older and well established companies, and nothing is guaranteed. Despite SolarWind's efforts to safeguard investment funds, we can not be held responsible for things that are out of SolarWind's control. Things that would be out of SolarWind's control include, but are not limited to; a manufacture that overstated its claims about it's hardware or isn't able to provide what they had promised, SolarWind being the victim of a scam, products being damaged, going missing or stolen during shipment, hardware delay's, natural disasters acts of governments, the value of bitcoin, the failure of the bitcoin economy or it's network, hacking, theft and a host of other risks that are completely unknown.

     If you only have a small investment, then higher risks are often necessary to realize sufficient profits unless you have a long term strategy. If you want to earn a quick and respectful profit then you will likely have to except the risk that you will lose your investment in part or entirely.

     If you want to build a nest egg for the future, then investments that offer slow returns are safer. It may be best if you invest in proven and well established investments. SolarWind is a start-up investment company, although we have the best of intentions, there is more risk involved when investing in any start-up.

     If you are considering investing with SolarWind, you should be aware that if you choose the slower, long term investment options, you are not likely to earn much more than you would with any other investment company that has already been proven reliable. If you do choose to invest in SolarWind's slower returns options, your investment funds will likely be safe because we use the majority of investment funds to purchase mining hardware. So there is a tangible product that has been proven to produce returns for investors, namely the mining hardware, that you will be able to rely on. As long as Bitcoin mining is a profitable venture, your risk with SolarWind as a start-up is only slightly higher than anywhere else.


     If you choose to invest in SolarWind, know that SolarWind will invest in you, and thank you for your faith and trust in us.)


Terminology and definitions:

Double Return On Investment (DROI) - Meaning implied

Hardware Purchase Cycle (HPC) - The buy-in period preceding the purchase of specific hardware. The intended hardware to be purchased may change due to price and availability changes. The changes could be positive, such as new hardware is available sooner, or is cheaper, more powerful or all of these. OR, changes could be negative, and due to failure of the manufacture to produce the hardware in a timely manner, scams, ROI on hardware intended to be purchased is no longer possible or will take far to long to be feasible, hardware price increases and additional funds are needed or a number of unknown factors.

RollOver Option (ROO) - Re-investment, no outlay of funds are made until a target amount is met.

Overages - Amounts above the selected target amount

Simple Version - The Contract holder chooses their payout amount (see details for each Contract Option.) The funds deposited are Rolled Over (re-invested) until the target amount is met, then a payout is made. If their are overages (amounts over the target amount) then the overage amount is converted into BitShares.

     ROO Options:

• Slow Return On Investment (SROI) - This is a long term investment option. There is less risk involved and it resembles a more traditional invest strategy. There is no commitment to DROI but a target amount is selected. Target amount will range from 105% to DROI (200%). Target amounts can be changed at any time but will take two HPCs to take effect. 15% of profits are outlaid biweekly and 85% of profits are Rolled Over until target amount is met. After the target amount is reached and the funds outlaid, any overages are converted into BitShares. There will be bi-weekly dividends from the hardware that the funds were used to purchase and 35% of the dividends are converted into BitShares and the rest of the funds are outlaid.
• Quick Return on Investment (QROI) - Short term profits option. Funds are at higher risk. There is no commitment to DROI but a target amount is selected. This option offers a quicker return and the Target amount will range from 150% to DROI. Target amount can be changed at any time but outlay will be delayed for two HPCs if the new target amount has already been met.  There are no outlays until the target amount is reached and no dividends after the target amount is outlaid. Once the target amount has been outlaid the contract is complete, there are no further returns on the investment unless there are overages that have been converted into Bitshares

Hold for contract ORDer (HORDer) - An order to hold investment funds for the purpose of buying a Contract
     HORDer Options:

• Hold investment funds and ROO profits until sufficient funds from deposits and ROO profits have accumulated to purchase the chosen Contract
• The number and type of Contracts can be chosen in any combination

BitShare:

10% deposit bonus - The 10% bonus is not part of the ROO but is added to the outlay.

• Price - Any amount deposited under 0.5 BTC is considered a BitShare purchase
• ROO Options - BitShares have a compulsory ROO target amount of 0.5 BTC
• Making a deposit into a BitShare deposit address, regardless of the amount, is a Contract to double the investment funds by default
• There will be a 48 hr grace period where an investor will be able to convert a BitShare deposit amount of 0.5 BTC in increments of 0.5 BTC into a Standard Contract or increments of 1.5 BTC into Founders Contract
• The investor may also select the option to have BitShare deposits placed on HORDer
• The investor can have funds that they have deposited into their BitShare account split into whatever combination they choose including having newly deposited funds credited to an existing HORDer

Standard Contracts:

• Price - 0.5 BTC
• Options - ROO

Founders Contracts:

• Price - 1.5 BTC
• Options - ROO
• Additional Outlay - Adds Share dividends that are from an outlay of 30% of company profits divided between total Shareholders minus a 30% fee deduction from the Shareholders portion. The fee deductions is distributed to Shareholders who purchased from an earlier HPC. Since the older investment has done more work over time, it would not be fair to the older investment if a newer investment received an equal return on the same investment amount. To make it more fair to those who have been invested longer, the 30% portion is deducted and payed to the investor above them. It also would not be fair to keep the 30% fee forever, so the fee will decay at a rate of 5% (for the following 6 HPCs). The first Shareholders to purchase a Founders Contract will be at the top of the stack in the HPC and will not have the fee deducted from their outlay but will initially receive 30% of the outlay of those Shareholders that purchase in an HPC after them. The placement of a Shareholder is based on time and position, so purchasing one Founders Contract puts the Shareholder above the next purchaser, even if that purchaser is the same Shareholder. So, the Shareholder would receive the fee from their own Share that is in the stack just below them. If a Shareholder purchased 10 Founders Contracts then they hold 10 positions in the same layer of the stack. When another investor purchases a Founders Contract for the following HPC , he fee would go to the first (by number) of the positions in the layer of the stack above the new investors position. This would continue until all 10 positions have a Share beneath it in the stack. The fee is cumulative, so, the fee a Shareholder receives will include a cumulative amount from the shares below each HPC)

I am instituting an escrow account with SabastianJu for funds that are designated for hardware purchases. The funds deposited in the escrow account must be in multiples of 0.5 BTC.  All funds deposited into the escrow account will be considered to be Standard Contract purchases unless the Founders Contract terms are met. Any overages (amounts under 0.5 BTC) or deposits under 0.5 BTC that are deposited into the escrow account will be converted into BitShares.

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I must advise you that because of the recent changes in the rate of increase of the difficulty level that my plans are in the process of changing. There is one aspect that I will never change, SolarWind will always have a commitment to double investment funds IF the investor chooses that option. It may take longer than originally planned and we will have to diversify sooner, but I am stubbornly determined to make it happen. The one change that I am making that I am certain of is that in order to achieve the goals that I have set out for the company, I must institute a new investment program, we will no longer offer Standard or Founders Shares. Instead, we will offer a Standard and Founders Contracts. The new feature that I am adding is called the RollOver Option (ROO). The ROO is a feature that allows the shareholder to pick their own target amount.

How the new investment structure will work:

(Note: For those who have already made investments, the terms that you agreed to will still be in effect. Even so, the BitShare terms have not changed to any significant degree. If you leave things as they are, or decide to use the new format it will not really change the outcome of your payments. You may keep the DROII option on your future Standard Shares or Founders Shares.)

(Warning: Before you make an investment in any company you must understand the risks involved.

    There are several things to consider and a careful judgement should be made as to whether or not you can afford the risks involved in investing in bitcoin and its related industries. Risk should be assessed while keeping in mind whether you can afford to lose the funds you are intending to invest or if a particular investment has greater risk than you are willing to take. Make sure you understand that things can go wrong, even for older and well established companies, and nothing is guaranteed. Despite SolarWind's efforts to safeguard investment funds, we can not be held responsible for things that are out of SolarWind's control. Things that would be out of SolarWind's control include, but are not limited to; a manufacture that overstated its claims about it's hardware or isn't able to provide what they had promised, SolarWind being the victim of a scam, products being damaged, going missing or stolen during shipment, hardware delay's, natural disasters acts of governments, the value of bitcoin, the failure of the bitcoin economy or it's network, hacking, theft and a host of other risks that are completely unknown.

     If you only have a small investment, then higher risks are often necessary to realize sufficient profits unless you have a long term strategy. If you want to earn a quick and respectful profit then you will likely have to except the risk that you will lose your investment in part or entirely.

     If you want to build a nest egg for the future, then investments that offer slow returns are safer. It may be best if you invest in proven and well established investments. SolarWind is a start-up investment company, although we have the best of intentions, there is more risk involved when investing in any start-up.

     If you are considering investing with SolarWind, you should be aware that if you choose the slower, long term investment options, you are not likely to earn much more than you would with any other investment company that has already been proven reliable. If you do choose to invest in SolarWind's slower returns options, your investment funds will likely be safe because we use the majority of investment funds to purchase mining hardware. So there is a tangible product that has been proven to produce returns for investors, namely the mining hardware, that you will be able to rely on. As long as Bitcoin mining is a profitable venture, your risk with SolarWind as a start-up is only slightly higher than anywhere else.


     If you choose to invest in SolarWind, know that SolarWind will invest in you, and thank you for your faith and trust in us.)


Terminology and definitions:

Double Return On Investment (DROI) - Meaning implied

Hardware Purchase Cycle (HPC) - The buy-in period preceding the purchase of specific hardware. The intended hardware to be purchased may change due to price and availability changes. The changes could be positive, such as new hardware is available sooner, or is cheaper, more powerful or all of these. OR, changes could be negative, and due to failure of the manufacture to produce the hardware in a timely manner, scams, ROI on hardware intended to be purchased is no longer possible or will take far to long to be feasible, hardware price increases and additional funds are needed or a number of unknown factors.

RollOver Option (ROO) - Re-investment, no outlay of funds are made until a target amount is met.

Overages - Amounts above the selected target amount

Simple Version - The Contract holder chooses their payout amount (see details for each Contract Option.) The funds deposited are Rolled Over (re-invested) until the target amount is met, then a payout is made. If their are overages (amounts over the target amount) then the overage amount is converted into BitShares.

     ROO Options:

• Slow Return On Investment (SROI) - This is a long term investment option. There is less risk involved and it resembles a more traditional invest strategy. There is no commitment to DROI but a target amount is selected. Target amount will range from 105% to DROI (200%). Target amounts can be changed at any time but will take two HPCs to take effect. 15% of profits are outlaid biweekly and 85% of profits are Rolled Over until target amount is met. After the target amount is reached and the funds outlaid, any overages are converted into BitShares. There will be bi-weekly dividends from the hardware that the funds were used to purchase and 35% of the dividends are converted into BitShares and the rest of the funds are outlaid.
• Quick Return on Investment (QROI) - Short term profits option. Funds are at higher risk. There is no commitment to DROI but a target amount is selected. This option offers a quicker return and the Target amount will range from 150% to DROI. Target amount can be changed at any time but outlay will be delayed for two HPCs if the new target amount has already been met.  There are no outlays until the target amount is reached and no dividends after the target amount is outlaid. Once the target amount has been outlaid the contract is complete, there are no further returns on the investment unless there are overages that have been converted into Bitshares

Hold for contract ORDer (HORDer) - An order to hold investment funds for the purpose of buying a Contract
     HORDer Options:

• Hold investment funds and ROO profits until sufficient funds from deposits and ROO profits have accumulated to purchase the chosen Contract
• The number and type of Contracts can be chosen in any combination

BitShare:

10% deposit bonus - The 10% bonus is not part of the ROO but is added to the outlay.

• Price - Any amount deposited under 0.5 BTC is considered a BitShare purchase
• ROO Options - BitShares have a compulsory ROO target amount of 0.5 BTC
• Making a deposit into a BitShare deposit address, regardless of the amount, is a Contract to double the investment funds by default
• There will be a 48 hr grace period where an investor will be able to convert a BitShare deposit amount of 0.5 BTC in increments of 0.5 BTC into a Standard Contract or increments of 1.5 BTC into Founders Contract
• The investor may also select the option to have BitShare deposits placed on HORDer
• The investor can have funds that they have deposited into their BitShare account split into whatever combination they choose including having newly deposited funds credited to an existing HORDer

Standard Contracts:

• Price - 0.5 BTC
• Options - ROO

Founders Contracts:

• Price - 1.5 BTC
• Options - ROO
• Additional Outlay - Adds Share dividends that are from an outlay of 30% of company profits divided between total Shareholders minus a 30% fee deduction from the Shareholders portion. The fee deductions is distributed to Shareholders who purchased from an earlier HPC. Since the older investment has done more work over time, it would not be fair to the older investment if a newer investment received an equal return on the same investment amount. To make it more fair to those who have been invested longer, the 30% portion is deducted and payed to the investor above them. It also would not be fair to keep the 30% fee forever, so the fee will decay at a rate of 5% (for the following 6 HPCs). The first Shareholders to purchase a Founders Contract will be at the top of the stack in the HPC and will not have the fee deducted from their outlay but will initially receive 30% of the outlay of those Shareholders that purchase in an HPC after them. The placement of a Shareholder is based on time and position, so purchasing one Founders Contract puts the Shareholder above the next purchaser, even if that purchaser is the same Shareholder. So, the Shareholder would receive the fee from their own Share that is in the stack just below them. If a Shareholder purchased 10 Founders Contracts then they hold 10 positions in the same layer of the stack. When another investor purchases a Founders Contract for the following HPC , he fee would go to the first (by number) of the positions in the layer of the stack above the new investors position. This would continue until all 10 positions have a Share beneath it in the stack. The fee is cumulative, so, the fee a Shareholder receives will include a cumulative amount from the shares below each HPC)

I am instituting an escrow account with SabastianJu for funds that are designated for hardware purchases. The funds deposited in the escrow account must be in multiples of 0.5 BTC.  All funds deposited into the escrow account will be considered to be Standard Contract purchases unless the Founders Contract terms are met. Any overages (amounts under 0.5 BTC) or deposits under 0.5 BTC that are deposited into the escrow account will be converted into BitShares.

I will answer your questions, for now I must be brief. SabastainJu has asked me similar questions and I am writing a draft of my answer now. I want to make sure that it is correct and free of errors. Here is what I can explain wright now,

I think that some haven't read, or at least do not remember all of what I have written. I have stated on more than one occasion that SolarWind will not depend on mining alone. I have also stated that SolarWind will not 'steal from Peter to pay Paul,' so deprived's question, which is not a question, but an accusation, is contrary to my previous statements and is not based on fact.

I generally choose my words carefully, so this is a fact, exactly what I wrote is that it is SolarWinds TARGET to double investor funds in six months. A target is a goal, not a commitment, our commitment is to strive towards the goal. Therefore, logic dictates that if SolarWind fails to double invested funds within six months and it was not possible to double investments within the 6 months, SolarWind would not have violated any expressed commitment. The statement made regarding the doubling of investment funds within six months is likely being confused with another statement where I have expressed our commitment, as it has been stated, "to double the investment as soon as possible" and that will always be the goal.

I pushed the announcement of The SolarWind Mining Company before I thought SolarWind was quite ready for prime time. Maybe that was a mistake on my part. One of the reasons that I did so, is that I was fearful that the difficulty level would reach a point that might make it very difficult to accomplish my goals. I don't think the difficulty level is at a point to make it impossible but it has risen a little faster than I thought it would. I may have to extend the time frame that it will take to accomplish what I aim to do, but that is all it is, an extension. I will not Quit!

Like I stated in the beginning, I am forming a response to SabastianJu questions, when I am done, I will share it with you.

UserID accounts can sometimes contain important information that can be used to steal other accounts, wallets, bitcoin, scam other users by hacking a trusted account and who knows what else.

I am concerned about this problem and I am going to do something about it.  I will contact theymos, John K. and a few others so we can collaborate on a backup solution.

The SolarWind Mining Company will provide a Bitcointalk.org UserID Backup Service free of charge.

Matt, do you want to work on promoting this service and help create the system so that it is secure?

I consider this to be very serious. Matt is a crucial individual within SolarWind, I want to make absolutely sure that anyone who has contact with the UserID 'shadizzle' knows that the account has been compromised. I would be very upset if someone was scammed out of their BTC because of the association of the UserID and SolarWind and it was because I did not warn them when I could have.

Matt is part of the executive branch and lead Tech at The SolarWind Mining Company. I can vouch for the fact that Matt contacted me via the company email and said he was having an issue logging into his 'shadizzle' account. I checked the last active date for the account, asked Matt if that was the last time he was online, he stated that it was not him. Since Matt is a crucial individual in the company, I considered this to be a potential breech in SolarWind's security. As a result I have started a company forum that will  help to safeguard SolarWind and it's investors from this type of problem. If you are a Shareholder in The SolarWind Mining Company you can find out more information in the companies Official Thread.

On the contrary, I had meant to send this quote to his PM box must have clicked post on the wrong page.