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underhood (OP)
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December 23, 2016, 11:39:39 AM |
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Hi, anyone would be interested in crowdfunding Property? Build apartment complex and share profit according to investment? Time to build Bitcoin Tower 1?  |
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kenpat06
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Activity: 19
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December 23, 2016, 11:52:13 AM |
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Sounds like an interesting idea/ Lets connect and talk further.
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underhood (OP)
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December 23, 2016, 11:56:04 AM |
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Right now i am investigating technical solution of minimum "crowdfunding" target .... meaning in case XYZ USD are not funded as minimum until certain time transactions would become invalid (funds reversed back to investors wallets). This should increase the trust.
Any experience with Simulfund in Armory?
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kenpat06
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December 23, 2016, 12:13:31 PM |
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Hi,
I dont understand what you mean by experience in SimulFund. I am working on a CF project for Bill discounting. So I can see your problem and I do have a couple of solutions that could work on that front, myself having come across the same issue on the CF project.
ken
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underhood (OP)
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December 23, 2016, 12:25:45 PM |
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Armory has an option to create SimulFunding wallet. Individual people send promissory transactions and later you either take them all or they are canceled.
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kenpat06
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Activity: 19
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December 23, 2016, 12:35:56 PM |
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ok I was not aware of the wallet but the concept I had in mind is the same, the issue however with this is that the funders money is stuck till the project gets funded and not all of them may get funded meaning the funder could lose out on another deal. I would try to do it differently.
K
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underhood (OP)
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December 23, 2016, 12:54:27 PM |
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I would try to do it differently.
Care to share your ideas? |
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avatar_kiyoshi
Legendary
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Activity: 1106
Merit: 1000
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December 25, 2016, 04:54:26 PM |
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Can you more specifically? It's crowdfund for build a propoerty or to collect a fund for improve property(already exist).
And where your plan to build it?
Personally it's fishy someone stranger ask about money without more explanation.
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AT101ET
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Activity: 3094
Merit: 1348
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December 26, 2016, 12:21:04 PM |
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I can see where you're getting this idea from but I don't think it'll be feasible.
You may be able to raise the BTC but finding a contractor who'll accept BTC as payment for work will be problematic considering that the price of BTC may fall below the initial agreed cost of construction once construction has been completed.
You may end up over paying (in USD values) which wouldn't be such a problem, but you may also end up quite short and having to raise another round of funding in order to pay the difference in the unexpected price fluctuations.
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LavskaggeafNordlandia
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December 27, 2016, 09:40:32 AM |
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Crowdfunded properties is what I really are going to start to develop, I mean. Together as a community everything is possible, as long as one share a common thought.
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VrilStain
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February 26, 2017, 07:33:32 PM |
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Hi underhood, Have you thought about the idea, or is it just an idea? Only, the sale is not the best option. It is better to go to renting. I'm ready the two of us to move into action/project. Money (bitcoins) is not a problem. I know how to get it. Regards, Hi, anyone would be interested in crowdfunding Property? Build apartment complex and share profit according to investment? Time to build Bitcoin Tower 1? |
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topesis
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February 27, 2017, 11:11:31 AM |
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The idea of Bitcoin Crowdfunded Property development is nice but have you first consider the regulations behind this also which countries do you want to choose, a lot of countries in Africa with huge deficit in their housing project, please provide more information on this
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