[ANN] Max Keiser's website PirateMyFilm.com now accepts ONLY Bitcoins! - page 2.

BitPay Business Solutions

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Quote from: Stephen Gornick on March 14, 2012, 05:02:55 PM

This crowdfunding thing where you get equity (which PMF offers, but KickStarter does not) is starting to gain some traction.

These people are paying a lot of money to learn more about it:
- http://tslccla.eventbrite.com
(including talks by U.S. Congressman McHenry, sponsor of the crowdfunding bill that passed in the House last fall, and by others like the co-founder of RocketHub, and from various venture capital and angel investor networks.)

I wonder if PayPal knows that those sending payments to PirateMyFilm are "investing" in shares. That's something I would guess they would put the kibosh on as soon as they notice (or are made aware of, perhaps from a regulator inquiring with them or from a customer who does a chargeback for whatever reason).

Hopefully PMF isn't holding much funds in PayPal because when PayPal puts a freeze on the account, those funds get locked up for six months.

Very good point. projects accepting PayPal are not eligible for dividends, they are treated as a donation only.

Projects accepting bitcoin can payout dividends. So this will encourage more people that list projects on PMF to select Bit-Pay (this is why you can only have 1 payment method per project on their site).

Stephen Gornick

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This crowdfunding thing where you get equity (which PMF offers, but KickStarter does not) is starting to gain some traction.

These people are paying a lot of money to learn more about it:
- http://tslccla.eventbrite.com
(including talks by U.S. Congressman McHenry, sponsor of the crowdfunding bill that passed in the House last fall, and by others like the co-founder of RocketHub, and from various venture capital and angel investor networks.)

I wonder if PayPal knows that those sending payments to PirateMyFilm are ~~"investing" in shares~~ [Update: see below, when paid for using PayPal these are not equity shares]. That's something I would guess they would put the kibosh on as soon as they notice (or are made aware of, perhaps from a regulator inquiring with them or from a customer who does a chargeback for whatever reason).

Hopefully PMF isn't holding much funds in PayPal because when PayPal puts a freeze on the account, those funds get locked up for six months.

Cosbycoin

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Quote from: BitPay Business Solutions on March 14, 2012, 02:49:49 PM

PirateMyFilm was just featured on Russia Today as a great new tool for Investigative Journalists. Check out the report!

http://youtu.be/00zxNJ37T2c

Bitcoin enables PMF to offer truly global crowdfunding, and also the potential to pay dividends. No other service can compete with that!

Sweet! I hope it takes off and takes hold with more users!

BitPay Business Solutions

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PirateMyFilm was just featured on Russia Today as a great new tool for Investigative Journalists. Check out the report!

http://youtu.be/00zxNJ37T2c

Bitcoin enables PMF to offer truly global crowdfunding, and also the potential to pay dividends. No other service can compete with that!

molecular

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in case you didn't get to buy shrares, here's a suggestion for another interesting project I just stumbled upon

"Private Money vs. The Central Banking War Machine"

http://www.piratemyfilm.com/projects/346

thread: https://bitcointalksearch.org/topic/bitcoin-documentary-67589

trailer: http://www.youtube.com/watch?v=ZGnqi_rUoSs

BitPay Business Solutions

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Jim the guys at PMF have identified why your payment did not get marked and are working to fix it. Do not pay again!

http://piratemyfilm.com/projects/share_queue/304

Looks like they have marked it as paid.

Apetersson you should contact PMF support. Email [email protected]

apetersson

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there was a problem when paying my second batch of 5 shares.
i paid for 25$ with transaction http://blockchain.info/tx-index/3014457/742637ba00d37a54d151a2fe3f3b3943e466de274c0dbb9be04cd17a006b4fa4
but it did not get credited and my shares are not 10 total paid as expected but only 5. (which i paid successfully for in transaction http://blockchain.info/tx-index/2914920/78b2b0145f7eb784e0f94f233bd6bc18a17ad83a97164af802b210c39fbbf8b1 )

who can i contact to fix this?

jimbobway

legendary

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Now I got this email saying I need to pay (but I already paid.):

A payment window has opened for a project you have reserved shares in:

Screw Banks, Use Bitcoins [THIS PROJECT ONLY TAKES BITCOINS TO PAY FOR SHARES]

You must log in to PirateMyFilm and pay for these shares before 2012-03-08, or they will be made available to others in the queue.

You can pay for your shares by logging in and going to the project page You will see a "Buy Now" paypal button, which will allow you to do so.

jimbobway

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It's 'jimbobway', same as here. Thanks.

BitPay Business Solutions

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Jim what is your PMF username? i will have to email them and ask what's up.

jimbobway

legendary

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Quote from: BitPay Business Solutions on March 03, 2012, 09:34:41 PM

Quote from: jimbobway on March 03, 2012, 08:18:36 PM

So I paid for my share, but I get this email:

A payment window has closed for a project you have reserved shares in:

Screw Banks, Use Bitcoins [THIS PROJECT ONLY TAKES BITCOINS TO PAY FOR SHARES]

Your shares have been moved to the back of the queue and you may get another chance to pay for them depending on availablitly.

So what will happen to my coins?

That's strange. login to your PMF account and does it say your shares are paid for?

I go to the project page and it doesn't look like it says I paid, although I did pay. I paid to this address 19WNo23dAsCzSQJkdMNM3piJBQ1bxqzYAc

I went here, http://www.piratemyfilm.com/projects/304

And it says:

Payment Info

This project is currently in the payment stage. No more shares are available to reserve.
You are currently subscribed to this project. You have reserved 1 shares
Depending on availability, your outstanding shares, if any held, may be available.
Failure to pay for your shares will result in them being given to another user in the share queue.
If you have paid for shares, the project owner will be in contact with you in due course.
Shares You Have Paid For

You have paid for a total of 0 shares in this project, amounting to $0.
Shares You Have Defaulted On

You have defaulted on a total of 0 shares in this project, amounting to $0.
Shares To Be Paid For

There are currently no shares available for you to pay for.

Stephen Gornick

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Quote from: BitPay Business Solutions on March 03, 2012, 09:34:41 PM

That's strange. login to your PMF account and does it say your shares are paid for?

The link for seeing the number of shares paid for is the project's page (once you've logged in):
- http://www.piratemyfilm.com/projects/304

What might make sense as well is for PMF to allow donations to a project without requiring registration. e.g., donate without acquiring any of the shares that the donations bought. Perhaps the project founder could list a beneficiary that would own all shares donated (e.g., some charity or trustee perhaps) even.

The reason for this request is that some people may want to support the project but they just don't want to have to mess with the time and hassle of registering. Instead, you see a bitcoin address, copy pasta, hit send and boom -- you're done. And you never get e-mail nor have to visit the site (and have to remember the username/password for it) ever again.

BitPay Business Solutions

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Quote from: jimbobway on March 03, 2012, 08:18:36 PM

So I paid for my share, but I get this email:

A payment window has closed for a project you have reserved shares in:

Screw Banks, Use Bitcoins [THIS PROJECT ONLY TAKES BITCOINS TO PAY FOR SHARES]

Your shares have been moved to the back of the queue and you may get another chance to pay for them depending on availablitly.

So what will happen to my coins?

That's strange. login to your PMF account and does it say your shares are paid for?

jimbobway

legendary

Activity: 1304

Merit: 1015

So I paid for my share, but I get this email:

A payment window has closed for a project you have reserved shares in:

Screw Banks, Use Bitcoins [THIS PROJECT ONLY TAKES BITCOINS TO PAY FOR SHARES]

Your shares have been moved to the back of the queue and you may get another chance to pay for them depending on availablitly.

So what will happen to my coins?

pastory99

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Quote from: Nefario on March 03, 2012, 06:57:07 PM

Max is going to be speaking at Bitcoin2012.

Nice! looking forward to it!

Nefario

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GLBSE Support [email protected]

Max is going to be speaking at Bitcoin2012.

molecular

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Quote from: BitPay Business Solutions on March 03, 2012, 02:08:35 PM

Right now its only 1 payment method per PMF project, so its up to the owner of each project to specify the payment method. And yes I think they will make it clearer up-front which method is used on each project. This is the first one so we have proved that it works properly, and now it can expand into the rest of their site/projects as needed.

That was a bit of a downer I must say when I tried paying for the Falkvinge interview (use to be "European Bitcoin Prague"). I had to use paypal ;(((

EDIT: apart from that: great job all of you! bit-pay payment is indeed slick!

BitPay Business Solutions

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Quote from: molecular on March 03, 2012, 02:08:56 PM

Quote from: BitPay Business Solutions on March 03, 2012, 09:25:39 AM

This is bringing in some good first-time users! Many people were curious about bitcoins, but the opportunity to pay for this project has gotten them to actually buy and use bitcoins for the first time.

Really? How cool is that?!? Do you have any numbers on this?

no, only what I read on their buzz feed. so far we have received 33 payments for $645. No way to tell who they are from and who's a newbie, unless they post.

molecular

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Quote from: BitPay Business Solutions on March 03, 2012, 09:25:39 AM

This is bringing in some good first-time users! Many people were curious about bitcoins, but the opportunity to pay for this project has gotten them to actually buy and use bitcoins for the first time.

Really? How cool is that?!? Do you have any numbers on this?

BitPay Business Solutions

hero member

Activity: 742

Merit: 500

Quote from: Stephen Gornick on March 03, 2012, 01:54:41 PM

Offers that are exclusive to those paying with bitcoin are useful to Bitcoin gaining traction. It isn't that PMF is not accepting PayPal or other, it is that the project owner insisted on only accepting bitcoins for payment.

Was this restriction something any PirateMyFilm project can specify, or was it a customization for this project? And, will there be a way with PMF to indicate that Bitcoin is the only payment method (other than including text in the title to indicate this)?

Right now its only 1 payment method per PMF project, so its up to the owner of each project to specify the payment method. And yes I think they will make it clearer up-front which method is used on each project. This is the first one so we have proved that it works properly, and now it can expand into the rest of their site/projects as needed.

Topic: [ANN] Max Keiser's website PirateMyFilm.com now accepts ONLY Bitcoins! - page 2. (Read 11040 times)