12 BTC Dev Loan for BAMSTORM.us

[Lee_Ding_Duc]

Seeking 12 BTC to pay a developer to launch a new coin.

I have a fundraiser that will be used to pay off the loan (on a schedule of 1 BTC interest per month and 1 BTC principal per month, until it is paid, with no penalty for early repayment).

Interest starts to accrue once the 12 BTC is raised; repayment schedule starts 30 days after coin is launched. (The fundraiser is more likely to bring in funds once the coin is launched.)

After coin launch, you can request 6 million of the new coins, in lieu of full payment, for the first 30 days; 5.5 million the next 30 days, etc.; proportional to what principal is still owed.

You can make that decision after the coin is launched and see how things are going.

I have these oil paintings available, as collateral, except, the horse painting.  If you are local in the Troy, NY area, you can inspect them.

http://profilesinprofit.com/index.php/profiles/hugo-lopez-rodr/

This art collateral is available, if the coin doesn't launch, and you aren't paid back within 6 months from start of loan.

I don't need to handle the BTC. They can go directly to the developer who has worked as an escrow before. Any part helps in simple whole units (.1, .5, 1, 2, 12)


About the coin:

http://bamstorm.US

Here:

https://bitcointalk.org/index.php?topic=864086.new#new

[John (John K.)]

I don't really think the fundraiser is working. What if the loaner only wants his BTC back, not yet another altcoin?

[jonald_fyookball]

Seeking 12 BTC to pay a developer to launch a new coin.

I have a fundraiser that will be used to pay off the loan (on a schedule of 1 BTC interest per month and 1 BTC principal per month, until it is paid, with no penalty for early repayment).

Interest starts to accrue once the 12 BTC is raised; repayment schedule starts 30 days after coin is launched. (The fundraiser is more likely to bring in funds once the coin is launched.)

After coin launch, you can request 6 million of the new coins, in lieu of full payment, for the first 30 days; 5.5 million the next 30 days, etc.; proportional to what principal is still owed.

You can make that decision after the coin is launched and see how things are going.

I have these oil paintings available, as collateral, except, the horse painting.  If you are local in the Troy, NY area, you can inspect them.

http://profilesinprofit.com/index.php/profiles/hugo-lopez-rodr/

This art collateral is available, if the coin doesn't launch, and you aren't paid back within 6 months from start of loan.

I don't need to handle the BTC. They can go directly to the developer who has worked as an escrow before. Any part helps in simple whole units (.1, .5, 1, 2, 12)


About the coin:

http://bamstorm.US

Here:

https://bitcointalk.org/index.php?topic=864086.new#new

Looked at your site...looks like a clone of NXT with some
slight variations on issuance...not sure that will be
enough to get people excited.  Good luck!

[Lee_Ding_Duc]

Thanks for your responses.

re: Nxt clone. Yes, it is a Nxt clone, but with rather significant variations in issuance that can produce a faster rate of new user growth. That "slight variation" is a decisive factor in the long run.

Besides that, there is the dual coin aspect to it, so that it is still can be traded, but without USD fiats, which create legal problems and the obligation to collect people's information.

Lastly, by attaching the second coin to valuable event, you will be able to see why it would be a hot coin for the new user.

If you can see value in the first two points, you can still see there is value in the coin for the new user.

Once the coin is operating, and the second coin is revealed, people can look at the fundraiser to make a better comparison. I know I'm holding back, but that's the only proprietary thing I have. I described my strategy and why it is better than Nxt. If Nxt is $20 million in market cap, then Nxt with a growing user base would have what kind of cap? By fixing the BAM at 5 cents, that "extra" value can transfer to the second coin. Because both coins are inside the same software, there is no exchange risk and no legal problems, since it is isolated from the legal infection of USD. There is more to the second coin than that.



re: What if the loaner only wants his BTC back, not yet another altcoin?

I'll find a way to get your BTC back. For example, if it's legal, I can buy junk cars with the BAM, sell the junk cars for dollars, and then get your BTC.

If the BAM is 5 cents in deal value, and the junk car is $300 / .05 = 6000 BAM x risk factor 20 = 120,000 BAM. Would someone take that for a car they just want to dump? Perhaps. It's a better deal than the junk dealer.

12-20 cars gets your BTC back. The cars are on Craig's list waiting.

I only offered this option, so that you can benefit from the new coin, (particularly the second coin), if you like, and also use the future coin as a form of collateral.