I have
roughly 25 Bitcoins.
(2) 6870's
(1) 5850
(2) 6950
Plenty of hardware
Bitcoinbux/betterbitcoinbureau
Internet/Electricity
Server Room Converted And Ready to go.
Just our experience in trading alone is worth 200 btc.
From the 2 investors I got most of the cards, Although I put in 600 Cash as well.
They also Took a leap of faith giving me any money for something like bitcoin.
They risked their money and time when we were at stage 1 100% risk factor.
BetterBitcoinBureau is going to be based off of the BetterBusinessBureau concept. This site is the brainchild of one of our (2) investors who used to work for the BBB. Here you would be able to list your new company or file complaints about a company. It is like a rating system
A small fee for listing a company and a smaller fee for filing a complaint to be posted online.
BitcoinBux on the other hand is going to be a financial epicenter. We plan on including an exchange, gambling games, financial products, etc.. Lately we have been discussing a payday loan for miners, Where they show their "Bank statements" (how much they mine a week), and get a bitcoin front until next mining pay day. Nothing is set in stone but these are the general ideas behind each.
When it comes to projected income and growth for each site, I simply in good faith could not give you that estimate as it would have absolutely no validity to the numbers.
For a good estimate, look at what other projects currently make. Casinos are roughly 4% favored. Payday loans are unbelievable at 460%, Transactions for exchange related or transfers command roughly<1%. So a combination of those multiplied by traffic = revenue.
The (2) investors will not vote against you guys unless it is absolutely vital to their existence. I made it perfectly clear that
I answer to you guys, and it would be very difficult to get me to vote against you ( the public investors). I can personally buy them out, but these are good friends who believed in me not even knowing what bitcoin was. They deserve a little action. But they respect your opinion as i do. They know you guys know what your talking about and they look to this forum for guidance
When it comes to debt, we owe about 1K to ourselves (me and the investors). We ate a lot of the costs, and donated some hardware. We also used cash so the payments could be postponed. Most of that money will be made back before the IPO is sold anyways.
The programmer situation has been discussed previously I believe. Basically we have him on hold and it costs us nothing until we are ready.
The investors control has been discussed earlier as well
The investors will not be involved in the glbse votes for now. They only are to be involved if we start spending money, not deciding how we handle our business.
A lot of these questions seem to be discussed previously so I am going to ask that everyone please read through all BitFLowSys Threads before asking questions, (not directed at you beamer, i just want to post this because there is a lot of info out there now and I could see myself having to re-answer stuff non stop from lack of DD (due-Diligence).
Thank You.
*EDIT*
I should add that our investors understand bitcoin "enough". Maybe they dont understand the HASH process and the technical stuff but they are very versed in currency and exchange. They know there place and would not vote on anything unless they really felt they understood it fully.
As of this post 549 Shares have been sold !!
