Restructuring phase.

[cryptopaths]

IPO is going through restructuring phase.

[superbit]

So you are offering 10% of the company for $235USD x 20,000BTC = $4.7 million.  You are valuing this at $47 million dollars??!!  You either have 10 million dollars in revenue or this is possibly the worst offering in the history of the forum.

At least the scammers make the valuation somewhat normal to not tip off all the "investors".

[Chef Ramsay]

I'd hope to take senior members at face value if they're not buttchop but this one seems a little less on the info than it should be. OP should spell it out further for the rest of us.

[ranlo]

I'd hope to take senior members at face value if they're not buttchop but this one seems a little less on the info than it should be. OP should spell it out further for the rest of us.

I'm just baffled at the proposed valuation (of a system that has NO revenue and has NOT proven itself as a strong business model) of almost $50m. Ideas are worth NOTHING and this having not shown itself as a successful business model (meaning it has a high chance of failure) means it's a horrible idea to get involved.

This is the type of thing I could see myself helping to back. But I'll be damned if you think I'm giving it a ludicrous valuation. At MOST, it's worth $10k-20k. Once it brings in revenue, THEN you up the valuation accordingly.