The BTCJAM listing can be found
hereTo quote from the original proposal
A build farm is a system that allows people to submit jobs and for those jobs to be completed by a worker.
The business idea is to allow people to submit work (code for an app) they want compiled for a target OS and to offer a price for a worker completing that work.
At launch the system will have a base fee for each work item of (10 LTC, 0.01 BTC) and will provider workers to complete those jobs.
We will market the service to bring on users who will provide workers and others who will provide jobs and then allow the market to decide the value of each job. Users (both those providing workers and those wanting code compiled) will be able to set a price range based on the target OS and language (programming language) of the work being done.
The service will charge a %fee for coordinating the work, connecting users to workers and for hosting the end result of the work.
Initially the litecoin client will be providing work to the system as part of the release system for litecoin.
The core of the system has already been developed and more information will be provided to investors if they're interested in the nitty gritty.
There are a few things that can be implemented to ensure the integrity of the work being completed and to ensure that workers can't "inject" or add their own code. Again - details can be provided to investors.
The purpose of the loan is to help fund the initial infrastructure for the system and to provide some funds for rewarding workers until the number of jobs submitted and the system starts to break even.
Significant additions to the original proposal (also added as comments to the loan)
As a tip for investors - I have my eye on a domain hack (a short domain like goo.gl) that's neat for cryptocoin & merchant systems. If the loan is filled - I'll be offering a free subdomain to those supporting the project. You'll have full control - so you'll have an interface to add subdomains to the subdomain you have in the short-domain. ie if you're given laSeek.xx.yy - you can add bitcoin.laSeek.xx.yy
To encourage people to provider workers to the environment - allowing them to earn crypto in exchange for providing machines to build & run work - we'll be providing an option to request a reloadable debit cards. This will allow them to "cash out" their coins to euros. We've partnered with our bank here in Spain to provide both virtual (mastercard) & physical (vida) cards and negotiated a low rate for the cards transactions fees. While the denominations on the cards will be in euros - the cards can be used globally.
There's a fairly decent market within the cryptocoin community for the build services that we're proposing - people have issues building for a specific OS when current packages don't exist and there's security implications why installing build-tools on servers isn't a good idea. The market isn't vast - but it's a niche that currently isn't fulfilled and we believe it's large enought to repay the load and to generate on-going profits. It also enables those who currently have equipment but don't find mining to be profitable. With the arrival of asic we believe there will be a larger "worker" resource available.
In terms of providing work - once we have the system running & the kinks smoothed out for the cryptocoin community - we'll be approaching the larger development community and providing custom build-services.
The build farm project is the first step in a system where "work" can be completed by "workers" - in this specific case the scenario is for building software - but the underlying "work" for "workers" system can be easily extended for other problem domains.
This project is the first step in providing the core infrastructure behind solving that problem and deliverying the settlement needed.
