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Author Topic: Help wanted - programmer - job opportunity  (Read 532 times)
TylerJordan (OP)
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July 15, 2015, 06:08:28 AM
Last edit: July 15, 2015, 07:31:09 AM by TylerJordan
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Greetings,

I am representing ProtonBoron - the open polywell fusion consortium.  We are interested in the possibility of offering future Kilowatt Hours of power in exchange for tokens. Given the high cost of energy today and given that we can even offer KWH's at a loss for us - given a finite supply, we believe this will be a wildly successful way to crowd-fund for fusion power.

Why a cryptocurrency? We could offer KWH's for funds and just keep all the transaction details to ourselves, however by creating a token mechanism we allow purchasers the ability to hold the token themselves and we'd not have to worry about managing the data.

We'd like to be able to sell these tokens directly from our website http://protonboron.com via some sort of mastercard-visa + bitcoin system.  The bitcoin part of it is easy, but coding a method to automatically create an account for a bitcoin, NXT, or our own crypto-coin? and then to put a given number of tokens into the account based on the amount of money received through a traditional payment processor is out of our league. If we were merely seeking a small amount of capital, we could maybe do this all by hand, but we will be seeking around 50MM (in USD).

Now the bad news - we don't have any money to pay a programmer. So we are seeking someone who is willing to be paid in these tokens to do the job. Obviously this requires some big faith on your part. However, as an added bonus, we are willing to allow you the rights to the software you develop (provided we have an unlimited license).

Hopefully you also have a keen interest in fusion power and are as excited as we are to move society forward in terms of clean cheap energy  Grin

We are currently updating our business plan to reflect our new funding proposal and after that I will begin adapting our website's information to reflect it also.  

So, that's all I have for now. If you have any thoughts/questions/concerns, by all means please let us know.

Cheers,

Tyler Jordan for ProtonBoron



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July 15, 2015, 09:30:28 AM
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I think if you want an answer you would have to provide very detailed explanation(if you have worked one out already) how these tokens work. What factors would decide how many Kilowatt Hours an investor would get for his x tokens?Is there a fixed amount or does it depend on the power price in $? Since this is a HUGE gamble considering you are competing with companies in a completely different league the possible return would have to be enormous. Are you currently just going with the basic idea of using a token system or have you worked out how exactly it will work already?
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July 15, 2015, 11:19:50 AM
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Yes, I've worked out some details ...

keeping it simple, one token would be equal to one KWH. There will be two rounds of funding, the first will be around US$500K - this will cover the development of a comprehensive research and development plan with costing for a minimum of five years R&D. This plan will be developed and published publicly.

The first round of funding is greatest risk, so we will offer a KWH's for a lower rate - somewhere around US$ 1-2 cents each.

The second round of funding ~US$30-50MM is also still high risk, however we will at least have shown we can produce something for money's put in. Possibly we will break down the project into smaller milestones and funding stages (as I mentioned in the intro post we are reworking our business plan now).  But for the second round we will offer KWH's for a slightly higher price of 2-3cents each - we'll determine the price when we get to that stage.

I want this code to take input from the sale of KWH's through traditional means e.g. visa/mastercard. and to convert the amount of the sale (a figure) into tokens and to put the tokens into either a new crypto-coin account (or possibly by one provided by the purchaser) and then to send the account keys with instructions to the purchaser via the most secure way possible - perhaps an encrypted email.  

So basically, the purchaser buys the tokens on our site the normal way someone buys a product on a website and we take the information from the sale and hand it off to this bit of code that does the above. Presumably we'll have a server running somewhere that pulls the information from the exchange and processes it, so can be coded in whatever language is convenient - mindful of security -- we will need to get someone to do a security audit of the whole process before we launch it.

Does that give some clarity?

Cheers



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