Long Term Loan for TS Transition

[katie.mckinley]

SUGGESTED GLBSE SECURITY

Code:

BYLAWS

OVERVIEW

The money raised in this IPO will be used by chris3spice to buy hormones, etc. in order to change her sex to female. She will be producing transexual pornography during her transition, and may also produce pornography after her transition. A share in this asset entitles the owner to a share of the distributed profits from all of chris3spice's future pornographic activities.

22,000 shares will be sold in the IPO for 0.05 BTC each.

BUYBACK OPTION

Before all 22,000 shares are sold, the issuer may cancel the IPO and buy back all shares at 0.05 BTC per share.

After all shares are sold, the issuer may end all of her obligations by buying back all shares at 0.1 BTC per share.

ISSUER OBLIGATIONS

The issuer may make money from pornographic activities in a variety of ways. For example, she may record her own videos and sell them on a subscription site of her own; she may sell the copyright to her videos; she may use camming sites to make money; she may work for a company specializing in the creation of pornographic videos; etc. In any case, whenever the issuer is using pornographic images or videos of her body in order to make money, the full amount of money made is considered DISTRIBUTABLE REVENUE.

The issuer will occasionally distribute profits to shareholders in the form of dividends. Dividend payments should be made within seven days of the last day of every month when there are distributable profits in that month. DISTRIBUTABLE PROFITS is the distributable revenue for that month minus any allowed expenses for that month. If the expenses for that month are greater than the distributable revenue for that month, no dividends are made and the remaining expenses for that month are added to the next month's allowed expenses.

ALLOWED EXPENSES include only:
- Legal costs if the issuer runs her own site.
- Hosting costs if the issuer runs her own site.
- The pay of at most one employee if the issuer runs her own site. The pay must be reasonable. The issuer cannot be the paid employee.
- Specific fees levied by governments related to pornography production. Does not include tax.
- Fees required by sites that the issuer uses to make money.

If the issuer creates pornographic material and no other money-making contracts prevent her from claiming copyright on it, and she therefore would own copyright on it, the copyright is instead owned by the shareholders. Its ownership and use can be decided by a majority shareholder vote.

Each time dividends are distributed, the current USD value per share of the BTC so distributed is to be added to a running total; this running total is the USD-DENOMINATED TOTAL PAYOUT. The BTC per share paid out is likewise added to a separate running total; this is the BTC-DENOMINATED TOTAL PAYOUT.

If the USD-denominated total payout is less than 0.55, then the issuer is obligated to:

- Produce at least 240 minutes of pornographic video each month. One pornographic image is considered equivalent to one second of video. Camming itself is not considered creation of pornographic video; the camming session must be recorded for it to count.
- Try to make as much money as possible on the pornographic video produced above.
- Distribute to shareholders 100% of distributable profits.
- Not undergo sex reassignment surgery, as this would make the issuer's porn less unique and valuable.

If the BTC-denominated total payout is less than 0.05 but the USD-denominated total payout is greater than 0.55, then the issuer is no longer required to produce porn, and she may undergo sex reassignment surgery. However, she is still obligated to distribute 50% of distributable profits.

If the BTC denominated total payout is greater than 0.05 and the USD-denominated total payout is greater than 0.55, then the issuer is obligated to distribute 25% of distributable profits.

These obligations do not apply before all 22,000 shares are sold, or for the first 60 days after all 22,000 shares are sold.

Note: although the issuer receives a percentage of profits, she has no shares.

SHAREHOLDER VOTES

The issuer may call for a shareholder vote about any topic. One share equals one vote. At least seven days must be given for voting.

Shareholders may only independently call for binding votes regarding copyright on produced videos, or if the issuer has broken this contract.

AMENDMENTS

The issuer may make amendments to these bylaws if the changes are agreed to by a majority shareholder vote.

I have been strugling with my gender identity for a while now. I have finally decided to take the plunge and start transitioning into the woman that I know that I'm supposed to be. The cost of this transition is of course high, so I figured I would try my luck with a long term loan with BTC.

My real name is Chris I'd rather not put my full name on a searchable forum as I do hide my transgerism from my family, but I'll gladly give out some information to help my case. I'll PM my info I just don't want it searchable.

Currently I have 28.50264226 BTC in Bitcoinmax and have it set so that 4% of that interest gained goes into my transition fund

I do not need the full amounts right away I will start when I have enough and hope to have people keep donating. The only one that I think I'll have to have the full amount for is the SRS. Anything that is not being used right away will probably go into bitcoinmax but that will only apply when I get enough to save it for SRS, right away it'll get spent on the hormones and everything I need immediately

Cost Breakdown (BTC at $11)
1) Hormones -  26.75 BTC (Tri-Monthly, Estrofem, Spirotone, Provera)

2) Electrolysis - 528 BTC (Very High End Estimate will pay by session so I'll start when I have enough for a session and the amount required will be adjusted accordingly)

3) Breast Implants - 336 BTC (These will wait for a while after hormones to see if they grow enough naturally to where I want [or maybe I should let you all decide on the size])

4) Clothes - ? BTC - Send me clothes or buy the for me or donate BTC specifically for the clothing fund. I'll wear them as I get them to help prove its me!

5) Hair - 3 BTC - Color I think I look good with Black but I'm good with keeping my natural color as well.

6) Make-up - ? BTC - Same as clothes

7) SRS - $2182 BTC - Again high end estimate

Donate toward General Fund (Electrolysis and Hormones and Hair)

Code:

1DTgN2yXpkjJuCv6UNEy6kDLQ7uqWyxCPC

Donate toward SRS

Code:

1KQ55iMCarqLhEu83chAuy6QRboTVE9ved

Donate towards Breast Implants

Code:

1E5D7WLmFiaTnEhEMjkJBMHzjKZci6aZ2A

Donate towards Clothes

Code:

1HRSSVkYGGzaqprgnqK8oK4iJ4wGUo5MDi

Donate towards Make-up

Code:

127NjBbuu7xcjbhdbDRBkzZBqZdDP1Nufm

Current Funds (Will update as spent and received)

Code:

[size=12pt]General Fund - 0.1408
SRS - 0.0
Breast Implants - 0.0
Clothes - 0.0
Make-up - 0.0[/size]

Note: If I do not get the breast implants and am happy with what the hormones give me (unlikely), I will move the Bitcoins from there into the SRS Fund.

I know that I do not have that many post counts and that many of you are going to make fun of me for trying, but hey I gotta try. I want you guys to be able to trust me and I will do pretty much whatever it takes for that to happen. Just post what you want me to do. Pic with shoe on my head? Something else let me know what I can do!

I do mine LTC and usually sell it for BTC and put it into Bitcoinmax. I also have a few GLBSE shares that I get a little from but not a whole lot, but instead of reinvesting I may start putting the .1 BTC I now make a week into this fund. I also do daily bitcoin and coinad to get a few extra bitcents.

I plan on starting a blog to mark progress on my transition...like daily pics of my face and such. I do want to pay people back once I get up to SRS surgery so that is why its a loan, it will take more than a year to start paying people back and honestly I'm thinking 2 1/2 years. I'll gladly pay interest I'll just have to keep track of everyone in a spreadsheet or something, or maybe I'll just set it up so that I'll pay you double the BTC back or something. (Suggestions on what to do would be helpfull)

Just think, you could all own a part of my new body! :p

I will update this post as new information comes in. How about for the first order of business, picking a new girl name, online I go by Caitlin Renee Lovell but I'm not sure I like the name I only picked it because it was the best one I could come up with at the time that I thought fit me! I'll start the blog after I decide to stick with Caitlin or come up with a new name. I'll also be giving out some info on my fetishes and what I want to do after transitioning

Anyway post away, flame, mock do whatever you want, pic requests (does anyone know a good host for lots of pictures to post for here and the future blog ). I plan on editing this post to update and reflect information and for better organization later on so expect some changes and such!

Donators (If you donate and don't tell me I can't add your name):
-chris3spice (ME!)

[AngryCatfish]

If this is legit, it could be an interesting way to promote btc through the lgbt community.

I think you should check out flamingfreedom(dot)com, call into the show with your story and proposal, you might garner more interest outside bitcoin forum and I think a story like this would be up their alley.

[occulta]

thanks for this, gotsome good laughs out of it

[katie.mckinley]

@ AnonX - I've done some talking to a psychiatrist and i've been in a swing state of deciding for years and its just built up to now. Thanks for the concern

@ AngryCatfish - Good idea, I don't really care for gay marriage but whatever floats your boat is my stand so I may do that.

@ occulta - this is what I'm expecting to get a lot of posts saying, which is why I'm willing to do whatever is in my power to convince people.

[Snapman]

In a forum loaded with 90% troll, your going to have to expect the same percentage of rude ass comments from ethugglets.

[Raoul Duke]

So, you say you will hide it from your family... How is that possible?
You better tell them. NOW!

[Ilikeham]

So, you say you will hide it from your family... How is that possible?
You better tell them. NOW!

OffT
I demand you march down and tell your Mom what kind of pr0n you whack to psy. NOW.

OnT
Good luck with your transition. Handle your family however you feel best but I do like the previous suggestion of guided counseling as you make your way through. Not every hormonal blend strikes the right chord with specific personal biology so getting some pro help on the medical front is also advisable.

[Raoul Duke]

So, you say you will hide it from your family... How is that possible?
You better tell them. NOW!

OffT
I demand you march down and tell your Mom what kind of pr0n you whack to psy. NOW.

So, you think it's possible to hide something like this from his/her family? LMAO

[katie.mckinley]

@snapman - Yup, I've got thick skin I'm good for whatever peeps throw

@psy - I've actually tried telling them before and I was close to being thrown out so no, I barely even talk to them anymore and when I do which is about once a year I just don't mention anything...I'm not exactly "hiding" it as in I am constantly in fear of them finding out. I'm just delaying them from completely kicking me out of their lives.

@ILikeHam - Thanks for the support!

[nimda]

I find dank's "bank" more laughable than this thread. In fact I'd much rather ridicule him; I have no problem with gender changes. (Does that make me accepting or does me making fun of dank make me a bad person? lol)

The one thing I see missing is your pay back plan. There's also the risk that the price of BTC rises... perhaps you should find someone to do a CFD with you and you can take the long position.

[katie.mckinley]

I find dank's "bank" more laughable than this thread. In fact I'd much rather ridicule him; I have no problem with gender changes. (Does that make me accepting or does me making fun of dank make me a bad person? lol)

The one thing I see missing is your pay back plan. There's also the risk that the price of BTC rises... perhaps you should find someone to do a CFD with you and you can take the long position.

I thought about it, but this is more fun, and I'm trying to figure out a good payback plan...just haven't come up with a good system that would work because I don't need all the BTC at once but will need it over a couple years.
I thought about making it a GLBSE and having a whole lot of stocks and then paying it back as a future of some sort.

I think it makes you an accepting person, thanks for the support!

[Brunic]

I have no problem with what you do with your body, it's yours and I really think that only immature or coward people can find a reason to laugh at you.

Still, in a purely business vision...I don't see the point of that. I think donations would even be more appropriate to this type of project. Also, try to find a community that can support you in this type of project. I doubt the Bitcoin community is far from being the best one and I'm even more doubtful about the support you can find here.

Also, if your community rejects you as you are, don't be afraid to move. I'm living near Montreal, and I know people accept LGBT around here. We have the gay pride parade, with the gay village, gay marriage and all the stuff around it. I don't know that much since...well, I'm an hetero, so I don't know exactly how this community work, but people around here don't mind the LGBT. So, if your community tries to burn you (like I sometimes see in the news in different part of the world), just move, there's also many welcoming communities for you.

[katie.mckinley]

I have no problem with what you do with your body, it's yours and I really think that only immature or coward people can find a reason to laugh at you.

Still, in a purely business vision...I don't see the point of that. I think donations would even be more appropriate to this type of project. Also, try to find a community that can support you in this type of project. I doubt the Bitcoin community is far from being the best one and I'm even more doubtful about the support you can find here.

Also, if your community rejects you as you are, don't be afraid to move. I'm living near Montreal, and I know people accept LGBT around here. We have the gay pride parade, with the gay village, gay marriage and all the stuff around it. I don't know that much since...well, I'm an hetero, so I don't know exactly how this community work, but people around here don't mind the LGBT. So, if your community tries to burn you (like I sometimes see in the news in different part of the world), just move, there's also many welcoming communities for you.

Thanks for the kind words. Donations would be awesome. I wish I had the money to move but I don't and I can't seem to find a higher paying job anywhere else, its not that the community rejects me, just my family, so that's not an issue...for now.

I know this is a long shot but I'm going to take it! Its also probably the most interesting way to try to do this!

[Ilikeham]

So, you say you will hide it from your family... How is that possible?
You better tell them. NOW!

OffT
I demand you march down and tell your Mom what kind of pr0n you whack to psy. NOW.

So, you think it's possible to hide something like this from his/her family? LMAO

No, not at all, just mocking you for making random demands on random strangers. I think in your own way you meant well, but your approach lends itself to an easy brush off.

[AngryCatfish]

@ AngryCatfish - Good idea, I don't really care for gay marriage but whatever floats your boat is my stand so I may do that.

Gay marriage? By proposal I meant you telling them how your going to raise money by getting a loan with bitcoin (they are bitcoin friendly) by calling in to the live show or skype.

[stratus]

Are you willing to post explicit pictures/videos for us?

How old are you? Post pics.

or maybe I should let you all decide on the size

A GLBSE asset with voting for decisions like this would be fun.

[AndrewBUD]

So, you say you will hide it from your family... How is that possible?
You better tell them. NOW!

Yeah, I don't understand that part... You're going to surprise them with this? Hi mom, dad.... meet your new daughter..... Tell them....




Have you thought you were a woman your entire life?


I had an old neighbor that switched to a chic, he/she was a nice person.... Loved the reefer

[katie.mckinley]

@AngryCatfish - I know but I wasn't sure if I don't support them in all their causes they wouldn't support me, that's where my head was going.

@stratus - I would be willing, I'm 27 (just turned 27 at end of June). Do you know a good image host with A LOT of free space? And I do thing the GLBSE would be a neat idea and awesome experiment.

@AndrewBUD - I know when I tell them I'm going to be shunned anyway so why not have fun. I have always known something was 'wrong' with me ever since I was little. I always felt like I should have been a girl since about middle school.

[Bitcoin Oz]

Good luck and ignore the trolls 

[AndrewBUD]

Maybe you're just gay? Do you screw dudes already?