510nano (OP)
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May 06, 2013, 11:54:07 PM |
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I am completing a solar farm in Silicon Valley. The facility is selling electricity to the municipality. I need about 1,000 bitcoins to help me completely pay off vendors. Loan is for five years (four years possible). I would be very interested in having built a bitcoin financed solar farm. I am in the process of putting it in BTC Jam if there is any interest.
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Fiyasko
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Okey Dokey Lokey
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May 06, 2013, 11:58:07 PM |
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K....... good luck with that loan
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510nano (OP)
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May 07, 2013, 12:15:36 AM |
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I am a newbie and would like any feedback. I have looked through the threads and have seen things all over the place. If there are things that work better than others, let me know. Thanks.
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Birdy
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May 07, 2013, 12:23:18 AM Last edit: May 07, 2013, 12:37:51 AM by Birdy |
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Bitcoin Loans for real money over several years are crazy. Bitcoins could be worth $0 or $100.000 a BTC by then. Better have the loan be in dollars / bound to the dollar value (payments can be in BTC though)
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the joint
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May 07, 2013, 12:25:32 AM |
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I am a newbie and would like any feedback. I have looked through the threads and have seen things all over the place. If there are things that work better than others, let me know. Thanks.
Don't ask for a 1,000 BTC loan (>$100,000 USD) as a newbie. Nobody will take you seriously especially given the extreme lack of detail provided in your request. 1) Build up your reputation by successfully completing numerous transactions and compiling your positive feedback. or... 2) Make a better "elevator" pitch, but forget the elevator. You need to come at us with detail. Convince us without a doubt that you have a means of paying back the loan within the given time frame, and with a loan this size, be transparent about your identity. People will want to know -- also without a doubt -- that they will be able to track you and find you if you fail to repay. Edit: Better yet, just imagine what it would take to convince you to give me a 1,000 BTC loan. I am "the joint" and you know nothing about me.
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510nano (OP)
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May 07, 2013, 12:32:27 AM |
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Thank you, very much.
I am the President of 510nano, a renewable energy firm. My Chief Physicist turned me onto bitcoins. He's been mining for two years now and thought that bitcoin financing would be great for this project. For interested investors, I will give them access to the data room for the facility. The first revenue contract is with Los Gatos, CA. It is a 20 year contract and pays out at about $45,000 per year. If you are in the area, I can direct you to the facility for your personal investigation. The project will be placed into service in about two weeks. All of the panels are on the rooftop, we are just finishing up wiring now.
In short, source of repayment is the revenue contract which is large enough to support the financing. We have been in business since 2005, initially building new technology. Albeit, this project uses commercial off-the-shelf technology. Please let me know if there are other factoids that will be helpful.
Again, thank you for the feedback.
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Vod
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Licking my boob since 1970
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May 07, 2013, 12:39:25 AM |
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Dank, is that you?
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510nano (OP)
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May 07, 2013, 12:41:39 AM |
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No, I am not Dank. See www.510nano.com.
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Vod
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May 07, 2013, 01:12:52 AM |
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http://www.houroffice.com/Why are you using a business center?
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510nano (OP)
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May 07, 2013, 01:54:33 AM |
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We are a small shop. We do not want to spend too much on overhead costs. Is using DC offices a negative for a facility that is built in Los Gatos, California?
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Vod
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May 07, 2013, 02:16:05 AM |
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Well you talk about a data room in a facility, you say you employ a "chief" Physicist (implying you have more than one) and you post things that make you appear to be a rather large company.
I guess anyone can appear to be bigger than they really are on the internet.
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510nano (OP)
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May 07, 2013, 02:30:16 AM |
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Data rooms are common for project developers as a repository of information on a project. For this project, the information is a dropbox file. We are who we are, no more, no less.
Back on topic. We believed that it would strategic to build a bitcoin financed facility. 1) USD hedge against bitcoin market fluctuation 2) good press on bitcoins financing solar energy 3) help to a small solar business 4) investment to pay down vendors against a revenue generating facility (in three weeks) etc.
We would be able to pay the lender back in USD based on a loan of about $120K or so. Collateral is the facility itself.
Thank you for your interest.
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smracer
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May 07, 2013, 04:48:03 AM |
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Where did you get the layout for your site? I like the design.
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Babylon
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May 07, 2013, 06:22:54 AM |
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Are you planning to break this up into several smaller loans? Or are you looking for one big lump sum?
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2D
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May 07, 2013, 03:32:51 PM |
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Generally speaking, taking out a BTC loan to pay for items in fiat money is an exceedingly bad idea. Even a small fluctuation in the wrong direction will send the debt you owe spiraling out of control. Your best bet is to secure your funds through traditional methods.
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Grim Death
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May 07, 2013, 03:38:24 PM |
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If bitcoins became worth $1,000 each within the time frame you have set out, how would you propose to pay them back?
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takagari
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May 07, 2013, 03:52:23 PM |
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Maybe he's hoping it'll flop and he only has to pay back $10?
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Matthew N. Wright
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Hero VIP ultra official trusted super staff puppet
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May 07, 2013, 03:57:45 PM Last edit: May 07, 2013, 04:25:34 PM by Matthew N. Wright |
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Do you also sell Alpacas? (Just kidding.) Where did you get the layout for your site? I like the design. http://templates.bigwebmaster.com/website-templates/20347/greensoft-website-template.htmlEDIT: You should update your address as "Suite 510" doesn't actually exist (according to DC Center's managers). It would be Suite 500, Office 10a/10b. (There is no mailing address "510"). I'd hate for you guys to miss any legal documents down the road.
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