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Author Topic: Crowdfunding for School Project (GLBSE Asset for Economics class)  (Read 1113 times)
PPoweredP
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September 15, 2012, 02:53:53 AM
 #1

FUNDS RAISED!

I am planning to present a project for my economics class that ridicules government intervention in equity markets. I realize that asking for handouts in this fashion is discouraged and I apologize for that. It is however an integral part of my project that all funds are raised through anonymous crowdfunding. For that reason I am offering the first 10 shares of PPP (Payout Powered Portfolio) for 8BTC to raise funding for the listing. Further shares will be issued at a presale price of 0.9BTC and an eventual IPO on September 30th at 1BTC per share.

The PPoweredPortfolio is a school project designed to show the benefits of anonymous crowd funding. I hope to prove that the removal of regulations allows investors to easily beat the returns of the S&P 500.

The PPoweredPortfolio will be focused on investing in stocks that have a high dividend payout on the GLBSE.

Approximately 50% of the dividends earned by the fund's holdings will be paid to shareholders and the other 50% will go towards growing the portfolio.

As soon as I reach my funding goal I will be putting up a thread in the securities section of this forum to announce the fund and answer any questions. Please keep this thread on the topic of raising the 8BTC needed for listing a ticker symbol on the Global Bitcoin Securities Exchange.

A little background information on myself:
I have been involved in Bitcoin for over a year and decided that project would not only be informative to my teacher and classmates on the prospects of Bitcoin but it will also allow me to manage a GLBSE fund and get an awesome grade for something I would enjoy doing anyway. That beats writing a long paper anyway. Believe me when I say that I am well aware that a "newbie" forum account is extremely suspicious but raising funds anonymously in this manner is as mentioned before an integral part of the project. I am a college student and $88 is a single trip to the liquor store for my roommates. I am not trying to pull a scam.

If you are interested in purchasing a share at the 0.8BTC discount price please send 0.800001 or some other small random amount above 0.8BTC to 15QBF8PyaXjdqcTJLpv8JwEgEhQJDZVE6h and PM me the amount sent for confirmation as well as the GLBSE username you would like the share sent to. Thank you for helping me get a good grade and spread the word about Bitcoin to class full of future investors.
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Stephen Gornick
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September 15, 2012, 04:40:43 AM
 #2

a "newbie" forum account is extremely suspicious but raising funds anonymously in this manner is as mentioned

How about securing an escrow partner who will make the payment directly to GLBSE?

PPoweredP
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September 15, 2012, 06:19:49 AM
 #3

a "newbie" forum account is extremely suspicious but raising funds anonymously in this manner is as mentioned

How about securing an escrow partner who will make the payment directly to GLBSE?

The address provided 15QBF8PyaXjdqcTJLpv8JwEgEhQJDZVE6h is the direct payment address to the GLBSE. I am not sure how escrow would work because the 8BTC has to be in my account in order for me to register the ticker symbol. I am open to suggestions.
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September 15, 2012, 06:44:16 AM
 #4

The address provided 15QBF8PyaXjdqcTJLpv8JwEgEhQJDZVE6h is the direct payment address to the GLBSE. I am not sure how escrow would work because the 8BTC has to be in my account in order for me to register the ticker symbol. I am open to suggestions.

I've never gone through the Create a Security steps on GLBSE.  I'm presuming at the end of that process you were given that bitcoin address then? 

There is no way for anyone other than you to confirm that ... unless you were to ask Nefario to reply and confirm that here maybe?

While this is a neat experiment, the track recrord for GLBSE assets offered anonymous has not been good.

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September 15, 2012, 07:22:15 AM
 #5

The address provided 15QBF8PyaXjdqcTJLpv8JwEgEhQJDZVE6h is the direct payment address to the GLBSE. I am not sure how escrow would work because the 8BTC has to be in my account in order for me to register the ticker symbol. I am open to suggestions.

I've never gone through the Create a Security steps on GLBSE.  I'm presuming at the end of that process you were given that bitcoin address then? 

There is no way for anyone other than you to confirm that ... unless you were to ask Nefario to reply and confirm that here maybe?

While this is a neat experiment, the track recrord for GLBSE assets offered anonymous has not been good.

No. It deducts the 8BTC from your account.

If Nefario would confirm that this is a GLBSE account address that would be fantastic.
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September 15, 2012, 09:25:13 PM
 #6

In theory I support the idea, but historically as was mentioned before, anonymous assets on GLBSE have a horrible track record.

I think it's a sad fact that (with very few exceptions) someone who is selling something, especially a security on GLBSE needs to be known, and the bigger the security the more they should be known, i.e. their background.

Anything else results in scam city.

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To get help and support for GLBSE please email support@glbse.com
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September 15, 2012, 09:52:41 PM
 #7

As someone operating an asset on the GLBSE, I'm all for more investment funds, and would hope that if this does get off the ground you will consider investing in NASTY.  My question is this...  What happens if you sell 2 or 3 shares but are unable to raise the 8BTC needed to get your asset listed?  I personally think Stephen Gornick's escrow idea would make me feel a little more comfortable about buying 1 share at the discounted price.  At least then we would know that you aren't selling 100 shares at 0.8BTC each through PMs to never even list the asset.

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September 15, 2012, 10:42:02 PM
 #8

Yes the need for escrow is obvious. I think if you want to remain anonymous then you'll need to jump a lot of hurdles to get any funding, for obvious reasons.

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September 16, 2012, 11:01:22 PM
 #9

Being anonymous was a big part of the project because that is how I was going to tie in Bitcoin and I felt that it also helped the argument for less regulation being more profitable. Confirming my identity seems to conflict with the anti-regulation argument of the project. It also seems that confirming an identity does not do much to stop scamming. Peter Lambert and Trendon Shavers are good examples of a false sense of security created by confirming an identity. Information about my class and my teacher's name was provided to senbonzakura in a failed attempt to secure a loan but I do appreciate his BTC donation.

Stephen Gornick: would you be willing to act as the escrow holder for the first 10 shares sold? I offer you 1 free share for your efforts.

OgNasty: If you are ok with Stephen Gornick holding your funds in escrow I will make sure that the first 2 securities purchased by the fund are IBB and NASTY.
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September 17, 2012, 01:15:16 AM
 #10

Stephen Gornick: would you be willing to act as the escrow holder for the first 10 shares sold?

Sorry, I don't provide escrow service.

And for my view on this, you may have good intentions or you might not.  But the track record for anonymous operators is horrible and for the most part I keep my distance (and money) from them.  (BetsOfBitco.in is about the only one that I make an exception for)

Here's the latest example.  A new approach, with a very motivated individual:

I was planning to explain some things and the thread was locked. Why?

Probably because either

(1) it causes blockchain bloat like Satoshi Dice or

(2) it looks like a scam, like BS&T


And ... guess what?  Two weeks later:

iamtheone last night ran a lottery/raffle hunger coins. When his final one, the penny auction he pulled last night was completed to hit the 199k block, he disappeared


So, sorry, but this just isn't something I wish to have any involvement in.

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September 17, 2012, 11:53:55 PM
 #11

I need to sell 7 more shares at the discounted price of 0.8BTC in order to raise funds for this asset to be listed. Please take a chance on me. I don't want to think up another project. It looks like Nefario is raising fees for listing an asset on the GLBSE and adding an application requirement this Friday. https://bitcointalk.org/index.php?topic=110242.0

I would appreciate your help in raising the funds before then. I will sell 6 shares for 4BTC if someone is willing to purchase more for an additional discount.
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September 18, 2012, 01:10:54 AM
 #12

I will make sure that the first 2 securities purchased by the fund are IBB and NASTY.

I'm in for 1 share.  Sending payment now with the condition that if your fund isn't listed by October 1st, I will be refunded.  

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September 18, 2012, 04:11:19 AM
 #13

Thanks for your purchase. If I do not raise funds for this project by Thursday then I will repay everyone who has bought shares and abandon this idea. I do not think Nefario will accept this listing after the Friday change to the new listing requirements and I think 12BTC is a rather steep price to pay by selling advanced shares alone. I am still hoping the forum will fund this project in the next 68 hours.
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