680 BTC Loan?

[serje]

After reading all the documents here, I've came to the conclusion that if I would have the necessary funds I would do it myself!
If by any chance I put my hands on so much BTC then I will surely give you the funds!
I don't know if anybody have read the documents that you've posted here, I only see accounts that are involved in signature campaigns and tell you shit about collateral just to increase their post count!

P.S. I hope you get the money right in time after your product is finished!

[TraderETH]

It is big amount i just wanna be bookmark the thread. I wanna see until the ends.

[burnside]

Today I got the idea that maybe you can look for cooperation with a crowdfunding service, or maybe even open it by yourself. 

I've been seriously considering using the https://btct.co code that I wrote to do the offering.  I just have to be really careful about it from a legal standpoint.  Last thing I need is to piss off the SEC again by resurrecting anything that from the outside looks like what it used to be.  If that makes sense?

[xhomerx10]

Today I got the idea that maybe you can look for cooperation with a crowdfunding service, or maybe even open it by yourself. 

I've been seriously considering using the https://btct.co code that I wrote to do the offering.  I just have to be really careful about it from a legal standpoint.  Last thing I need is to piss off the SEC again by resurrecting anything that from the outside looks like what it used to be.  If that makes sense?

 What about Havelock? Asicminer moved there after BTCT was shuttered (then subsequently imploded). When would all conditions of your agreement with the SEC be completed?

[burnside]

I've been seriously considering using the https://btct.co code that I wrote to do the offering.  I just have to be really careful about it from a legal standpoint.  Last thing I need is to piss off the SEC again by resurrecting anything that from the outside looks like what it used to be.  If that makes sense?

 What about Havelock? Asicminer moved there after BTCT was shuttered (then subsequently imploded). When would all conditions of your agreement with the SEC be completed?

There are a couple problems with Havelock.  First is that it's not licensed in the US, so no one in the US could participate.  (a legality which I have no choice but to observe.)  Second is that even in Canada, as a British Columbia Corporation, listing on Havelock would trigger a public shares class rather than a private shares class, particularly with the ability to trade the shares on an "open" market.  I do not want the corporation to be public yet, as the reporting and accounting that has to be done is expensive and onerous.  If I use my site code, the shares (of a loan, or equity, either way) would not be tradable after the initial offering and I could execute any KYC/AML necessary to make sure that buyers meet their local jurisdictional requirements before buying in, thus allowing the corporation to remain private.

One area in which I am intimately familiar is regulatory SOX (Sarbanes - Oxley) compliance hurdles that public companies must endure in the US.  It was part of my job at Playtika to make sure that everything in IT at the Santa Monica studio was in compliance and it was an unbelievable headache... every... single... year.

Those are just the issues that I am aware of.  I'd be willing to bet a lawyer would be able to come up with more.

[Fortify]

Just reading your opening post, it looks like you've devoted the majority of your time to writing the marketing pitch to raise money and expect the actual profit earning business to pop up along the way. Many crowd sourced money raisers like this have collapsed at various stages and your lack of vision beyond a large pile of cash is naive. Explain a well thought out business plan of how you will get a return on peoples investment.

[burnside]

Just reading your opening post, it looks like you've devoted the majority of your time to writing the marketing pitch to raise money and expect the actual profit earning business to pop up along the way. Many crowd sourced money raisers like this have collapsed at various stages and your lack of vision beyond a large pile of cash is naive. Explain a well thought out business plan of how you will get a return on peoples investment.

The opening post in this thread should be read starting with the content in the linked post in the securities area here: https://bitcointalk.org/index.php?topic=1485329.0

I could have copied it in I guess, but didn't want to duplicate it all.

Hopefully in context, it all makes sense.  I'll have a product developed and live to show lenders before I accept any money.

Cheers.

[cartell0]

Ask Satoshi in your dreams and he will lend you the coins in no time....

(I wonder why he has not yet received any negative trust for this? DT members, hypocrite much huh? )

[bitbunnny]

This sound really crazy. I don't think that you will ever get such a big loan but it would be even harder to earn that big sum. Unless you are a hacker.  Anyway, good luck with your plans.

[burnside]

Ask Satoshi in your dreams and he will lend you the coins in no time....

(I wonder why he has not yet received any negative trust for this? DT members, hypocrite much huh? )

Negative trust why?  I didn't ask for a loan yet, just exploring options and interest.

I'll post an update when the beta is ready.

Cheers.

[torry28]

Ask Satoshi in your dreams and he will lend you the coins in no time....

(I wonder why he has not yet received any negative trust for this? DT members, hypocrite much huh? )

why he need to ask satoshi in his dream? satoshi is alive! here's his profil link https://bitcointalk.org/index.php?action=profile;u=3 but he's never online again since 2010.
because he's not scam people on here, negative trust just for people who scamming other people (you must have valid proof too)

[knightkon]

I am sorry but you are barking up the wrong tree here. There are not many people on here with that much bitcoin to start off and those who do have this much are not willing to risk it for someone who made their first connection with a person who could be anyone on a forum like this.  Not going to happen, so I suggest close your thread and move on.

[burnside]

I am sorry but you are barking up the wrong tree here. There are not many people on here with that much bitcoin to start off and those who do have this much are not willing to risk it for someone who made their first connection with a person who could be anyone on a forum like this.  Not going to happen, so I suggest close your thread and move on.

Thank you for your input.  The volume of private messages I've received suggests there is in fact interest.

Cheers.

[btcking101]

I think you should join some lending sites like btcpop may be.Build reputation there and add valid collateral there . And you may get loans there .
But still 680Btc is huge.I have seen 150BTC loans funded at btcpop

[burnside]

I think you should join some lending sites like btcpop may be.Build reputation there and add valid collateral there . And you may get loans there .
But still 680Btc is huge.I have seen 150BTC loans funded at btcpop

Yeah, it is definitely a lot of money.  Though it'd be 450 BTC now, with BTC at $660.  Part of the problem is it doesn't fit within the standard personal loan genre.  A convertible debt loan is a loan intended for startups, where the risk is high because collateral is minimal, but the reward is also high, as you can convert to equity at a discount later.

Cheers