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Author Topic: I am Building a Crypto District in New York City  (Read 362 times)
Pipdips
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September 29, 2019, 12:30:19 PM
 #21

I was expecting to see more than a Japanese proverb.
Fate aids the courageous.  Grin


You chose NYC not knowing how the local government will react? You don't have a support of businesses, you don't have your own money, you haven't talked to any of the politicians. You have a great idea but such ideas need support from someone or something already in the early phase. Now you're like a kid who says he'll be an astronaut one day, without knowing if he has the brains and the physics to go through all the tests.
First go and talk to politicians and business owners and ask if some of them would support the project. Why did you choose NYC? It's not the cheapest of places and the Bitlicense sucks.
A hook is well lost to catch a salmon.   Smiley
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September 29, 2019, 12:36:45 PM
Last edit: September 29, 2019, 01:00:58 PM by Pipdips
 #22

How about we put a Japanese steak house in the middle of the District?  Like a really fine steak house.  It makes me hungry just thinking about it...  and I think the Japanese will fully support this project.

We really do not need politicians, because when building a District like this, politicians are secondary (if that even).  I'd take a Japanese steak house operation over some NYC politician any day of the week.  So let's all just tuck those politicians back into their little cages for now...

So... if we just get the Japanese on board, and also, get the Russians on board, then we can start to embark upon this long journey together...
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September 29, 2019, 01:51:09 PM
 #23

Let me ask you this:
How many Trillion dollars worth of Crypto is already floating around out there already?
How much, huh?
I'm not here to burst your bubble but the answer may surprise you a bit.
According to coimarketcap.com, total market capacity for the entire crypto market is currently around ~0.2 trillion $
So the answer to you question is actually zero trillions... unfortunately.
I guess 213 billions of dollars still can make an impression, yes?
Dream big as the say (I see you like proverbs) but maybe start with something more realistic (do not tilt at windmills), like NY-BTC-day or NY-crypto-fest? Couple of days of sheer fun, a parade maybe a concert etc. Definitely impressive achievement in terms of spreading the crypto awareness, without any districts takeovers and all the legislative hassle. Just saying.

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September 29, 2019, 01:55:20 PM
 #24

I'm not here to burst your bubble but the answer may surprise you a bit.
Let every bird sing its note.   Wink
 
 
Now, how about some of those Japanese steaks?  Perhaps the best in the world...   Smiley
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September 29, 2019, 04:25:59 PM
 #25

The point is that - if you really succeeded in creating a district based only on cul crypto - you would probably create so many legal and fiscal problems that the authorities would stop you before.
Well, as they say, Good luck!

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September 29, 2019, 04:42:03 PM
 #26

All the best to you. My first thought was well this guy is crazy, but hey, we have to start somewhere. Maybe you will be the crypto-currency kingpin in New York. Like the Silicon Valley but for Bitcoin. Shocked
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September 29, 2019, 06:23:22 PM
 #27

So... if we just get the Japanese on board, and also, get the Russians on board, then we can start to embark upon this long journey together...

the funny thing is, if it were 2017 you could have run an ICO and funded this whole thing with it. you couldn't buy the properties of course, but it would fund rental overhead and startup capital for the businesses. then you could create an "ecosystem" around the token, beginning with global acceptance within the district. then poof, you can claim it's a "utility token".

too bad ICOs are dead eh? Cheesy

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September 29, 2019, 08:00:53 PM
 #28

the funny thing is, if it were 2017 you could have run an ICO and funded this whole thing with it. you couldn't buy the properties of course, but it would fund rental overhead and startup capital for the businesses. then you could create an "ecosystem" around the token, beginning with global acceptance within the district. then poof, you can claim it's a "utility token".

too bad ICOs are dead eh? Cheesy
There are always opportunities somewhere and if it is not ICO's it will be something else, right?  Because, 2017 is long gone and over with.  I believe that right now is the most magical moment for this.  As a matter of a fact I have a meeting next week with a finance person who is potentially well connected with angel investors.  I plan to mention this wild and massive Crypto District concept.  Let's see if the person shoots it down, or not!
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September 29, 2019, 09:29:56 PM
 #29

And we need a Business Pitch.
A business pitch unlike any other!

What is wrong with a New Yorker proverb?  Carlos Matos is from Bronx, he could a company you there to talk with Mayor. He already have New Yorkanian accent. He is a perfect guy. All we need is a good proverb.

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September 29, 2019, 10:13:26 PM
 #30

And you need lots of money to be able to realize your dream. Finding investors maybe one way to get funds but the difficult thing is how to convince them that this project will run and you must know that investors will always calculate profit and loss.
When it comes to crypto I find it difficult to get support from the government, because the government itself has not yet found the benefits to be gained from adopting crypto in daily life in its environment.

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September 30, 2019, 09:26:25 AM
 #31

Instead of creating a whole new Crypto District and finding the money to fund the high rentals, why not just fund a education drive to increase Bitcoin education and adoption with the existing retailers and companies that are doing business there already? I think that would be much easier and cheaper to do than going big like this.  Roll Eyes

New York City is also the birth place of the BitLicense and one of the most controversial business licenses that was enforced in that state. Doing business in a city with regulators that are that close minded is going to be a uphill battle. Good Luck.

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September 30, 2019, 03:44:47 PM
 #32

Well, I just can't fight feeling that OP is just trolling us... It is almost impossible to do such thing, goverment wouldn't let him do this no matter how hard he would be trying. He basically needs to own his island to be even remotely close to establishing something like this  Sad
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September 30, 2019, 03:54:02 PM
Last edit: September 30, 2019, 04:14:23 PM by Pipdips
Merited by exstasie (1)
 #33

No it's not trolling.  This is as real as you and I all make it.

But come to think of it, "Crypto" is the wrong term for naming this District... There is already a Financial District in NYC, aka FiDi.  What we are creating is a bonafied Decentralized Financial District, so this should be known as the DeFiDi, thank you very much.  Easy as pie.  How does that new name suit you?

We will need a public space outdoors, too.  Satoshi Square, anyone?    Smiley
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September 30, 2019, 05:05:16 PM
 #34

There are always opportunities somewhere and if it is not ICO's it will be something else, right?  Because, 2017 is long gone and over with.  I believe that right now is the most magical moment for this.

So how do you plan to raise money? Crowdfunding, angel investors? It'll cost a pretty penny to get this idea off the ground.

What we are creating is a bonafied Decentralized Financial District, so this should be known as the DeFiDi, thank you very much.  Easy as pie.  How does that new name suit you?

How do you pronounce that, "dee-fye-dye?" Not too catchy! I remember people tried to start calling downtown San Francisco "FiDi" but it never caught on.

We will need a public space outdoors, too.  Satoshi Square, anyone?    Smiley

Yes! Meetups and peer-to-peer trading @ Satoshi Square sounds perfect.

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September 30, 2019, 06:54:35 PM
 #35

Some facts: "FiDi" is printed on the maps in NYC and FiDi is well known.  The Financial District is the heart of finance in New York City.  It includes Wall Street and the New York Stock Exchange all the way to One World Trade Center.

The DeFiDi, is appropriately christened.  DeFiDi will be a physical location.  We do not yet know the exact site of DeFiDi but it will be massive enough to have the name installed on the subway map.  This is all part of the planning process.

Oh and the kids will love it.   Wink
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September 30, 2019, 08:06:13 PM
 #36

Of course, we can assume that the whole area of ​​New York can be named after cryptocurrency, but knowing what laws in the United States, it can be accurately assumed that such an idea will encounter very big bureaucratic problems.  Especially if you take into account the current attitude of the US government towards cryptocurrencies, then you can not rely on the support of local or central authorities.

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September 30, 2019, 10:11:37 PM
 #37

I located a suitable public place for our people to meet.

It is named Wall Street Atrium.  It is located at 60 Wall Street, NY, NY, 10005.  This is a world-class indoor atrium with plenty of arrangeable seating and tables, a coffee shop, free WiFi, with professional security guards regularly on site, it is an easy 1 minute walk to the NYSE, and there is an escalator that directly links to the 2-3 trains.  This atrium is wide open and free every day, morning noon and nights, excluding some major holidays.

So now there is a meeting place.
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September 30, 2019, 10:16:31 PM
 #38

So how do you plan to raise money?
Getting funding is already happening!  Can you be a Treasurer?  You can set up a fresh and secure Bitcoin cold wallet and then make that address available to accept funds.  Also set up an email for communicating with donors.  Sending Bitcoin to the wallet takes only a minute or two.  Donors will be sending peer to peer and not through any banks!  People that believe in this project can donate coins freely.

If you want a Satoshi Square you will have to put in some work for it.
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October 01, 2019, 05:31:08 AM
 #39

The only limitation we have is the one we have imposed on ourselves by our short thinking. Doing this in New York city is not going to come as a small task. You need more than paper work to get this done. I hope you succeed.

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October 01, 2019, 05:38:47 AM
 #40

The only limitation we have is the one we have imposed on ourselves by our short thinking.  Doing this in New York city is not going to come as a small task. You need more than paper work to get this done. I hope you succeed.

your saying that its possible but you also said that its not going to be easy  . are you encouraging or discouraging the op ?  if its possible then its possible but nothing really is impossible for a person that is willing and dedicated to pursue his goals/plans  . nyc is big , but that is already a good start since its a big country and its also a well developed country , meaning to say, alot of people on this country are now aware if what is crypto  . its not hard if your going to have a project related to crypto because people will surely be attracted on it  .

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