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nanotube
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April 10, 2011, 01:49:21 AM |
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now, a more important question, i think, is how do investors know they can trust you not to just walk away with the cash?
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gusti (OP)
Legendary
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Activity: 1099
Merit: 1000
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April 10, 2011, 02:03:44 AM |
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now, a more important question, i think, is how do investors know they can trust you not to just walk away with the cash?
Good question. I have good reputation, both here and outside. Banking, commercial references, you may visit and know me in person. Most important, I think, is that mining operation is already up and successful. Lot of work was done, scammers don't like to work so hard.  |
If you don't own the private keys, you don't own the coins.
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nanotube
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April 10, 2011, 02:15:56 AM |
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now, a more important question, i think, is how do investors know they can trust you not to just walk away with the cash?
Good question. I have good reputation, both here and outside. Banking, commercial references, you may visit and know me in person. Most important, I think, is that mining operation is already up and successful. Lot of work was done, scammers don't like to work so hard. so i guess you would be ok with any potential investors querying you for this information? |
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gusti (OP)
Legendary
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Activity: 1099
Merit: 1000
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April 10, 2011, 02:43:54 AM |
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now, a more important question, i think, is how do investors know they can trust you not to just walk away with the cash?
Good question. I have good reputation, both here and outside. Banking, commercial references, you may visit and know me in person. Most important, I think, is that mining operation is already up and successful. Lot of work was done, scammers don't like to work so hard. so i guess you would be ok with any potential investors querying you for this information? Sure I will be ok with queries. For this information not being disclosed beyond control, I think investors may name any reputable member to make this due dilligence, and be the depository of the backing documents. Additionally, he may also escrow the grow of the mining operation, releasing funds anytime a rig is added to the network.  |
If you don't own the private keys, you don't own the coins.
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MoonShadow
Legendary
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Activity: 1708
Merit: 1007
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April 10, 2011, 04:44:30 AM |
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What you are proposing is essentially a one year business bond. The problem is that it's unsecured and includes currency risks. 3% isn't enough interest.
<snip>
he said 3% per month, not per year. that comes out to about 42.5% per year My mistake. Thanks for pointing this out. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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Nefario
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April 10, 2011, 07:32:31 AM |
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With regards paying investors, if you list on the upcoming stock exchange you can pay dividends to all shareholders, then there can be a lot of small investors, even as little as one share, whatever value that may hold. This has no overhead, all you really need to worry about is drawing up detailed share certificate/contract, then you can sell that a thousand or more times.
If you plan to give shareholders voting rights the system supports that too, one share equals one vote, allowing you to put resolutions to your members and get the opinion based on share ownership.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com |
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Alex Beckenham
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April 10, 2011, 05:17:27 PM |
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I'm not sure if this plan is something I'd be interested in (still thinking about it), but just want to mention that I purchased quite a large sum of coins (4-figure) from gusti which I paid for via WU... I sent first and gusti did send me the coins. Gusti, if you're paying back capital in USD and interest in BTC, interest is 42% p.a. and BTC is (perhaps) growing in value, is that not like paying MORE than 42% p.a. interest on a standard USD loan? Would you want investors that only want USD in and USD out? (Not me, I'm just throwing the idea around ). |
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gusti (OP)
Legendary
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Activity: 1099
Merit: 1000
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April 10, 2011, 06:05:51 PM |
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I'm not sure if this plan is something I'd be interested in (still thinking about it), but just want to mention that I purchased quite a large sum of coins (4-figure) from gusti which I paid for via WU... I sent first and gusti did send me the coins. Gusti, if you're paying back capital in USD and interest in BTC, interest is 42% p.a. and BTC is (perhaps) growing in value, is that not like paying MORE than 42% p.a. interest on a standard USD loan? Would you want investors that only want USD in and USD out? (Not me, I'm just throwing the idea around ). Thanks for your confidence. Hoping to make more trades with you in the future. Yes, paying a part or all in BTC, will benefit the investor if BTC is revaluing over the repayment time. That's the main idea on investing in a working mining operation : the produced is naturally in BTC. And to honour your idea, I updated the offer with the 3 options at investor choice (pls see post #1). |
If you don't own the private keys, you don't own the coins.
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Alex Beckenham
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April 10, 2011, 06:38:03 PM |
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For every USD 1000 you invest, you will be paid 12 x USD 114 Well see the point that I was probably trying to get to with an all USD deal, is why would you pay out such a massive amount in interest, when you could just get $1000 on a credit card at 16% p.a. to fund your mining? |
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gusti (OP)
Legendary
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Activity: 1099
Merit: 1000
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April 10, 2011, 07:05:08 PM |
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For every USD 1000 you invest, you will be paid 12 x USD 114 Well see the point that I was probably trying to get to with an all USD deal, is why would you pay out such a massive amount in interest, when you could just get $1000 on a credit card at 16% p.a. to fund your mining? That question has many answers : - Money is not so cheap here. Credit cards interest average is 30% + VAT http://www.econoblog.com.ar/9324/intereses-de-la-tarjetas-de-credito-pagando-pago-minimo/- I prefer to deal with investors, not with banks. Do we need banks at all ? - Operating costs are low, so I'm able to make the offer more attractive. - I wish investors being my associates, rather than compete with them. |
If you don't own the private keys, you don't own the coins.
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gusti (OP)
Legendary
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Activity: 1099
Merit: 1000
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April 14, 2011, 02:37:26 AM |
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Offer is still open to 20k investing, 3 options available (see post #1)
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If you don't own the private keys, you don't own the coins.
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demonofelru
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April 14, 2011, 03:12:37 AM |
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Like I said wire and WU are terribly bad for me is there anyway for another maybe mtgox transfer or something? Also the minimum is 500? That's quite a bit.
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Names do not matter; however, if you insist...id...
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gusti (OP)
Legendary
Offline
Activity: 1099
Merit: 1000
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April 14, 2011, 03:25:45 AM |
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Like I said wire and WU are terribly bad for me is there anyway for another maybe mtgox transfer or something? Also the minimum is 500? That's quite a bit.
Now I will also accept BTC at mtgox close price of the day, only with option number 2 (see post #1) As for the minimum, I would like to keep number of investors low, to reduce administrative overhead. Anyway, I will make an exception to the first 5 investors, with a minimum of USD100 or btc. So, if you invest let's say 100 btc, you will be paid 12 x 11.33 btc. |
If you don't own the private keys, you don't own the coins.
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