Topic: ANNOUNCEMENT: Stop getting trolled by taxes, it's time to put an end to Tax Day - page 2. (Read 3494 times)

This is what I like about the low price right now.

People can start coordinating now with a set amount of bitcoins that are reasonable for the average person. Then as the price grows, the opportunities for success grow with it.


For example, the initial seastead platform is estimated to cost about $5 million. If the seasteading pool can gather 100 people with 10 bitcoins each (at current prices that is about $2200) they can plan and coordinate their preferences. When the bitcoin price reaches $5k, those 100 people have the funds to execute their plan.

Same for any other project that requires time and coordination.

The ultimate goal is a sovereign nation.

As the technical adviser for the project on all things network related I have made it clear that the seastead has to be able to have access to Bitcoin and most people are ok with Bitcoin as the seastead currency.

However, the first seastead will not be sovereign. Our goal for the first project will be to address the engineering hurdles and the business aspect of it. As such we will likely be located in a harbor where real estate values are very high (and under the legal jurisdiction of the host country), essentially creating real estate in an environment where every square foot is expensive. This allows for the capital to succeed and the ability to replicate the process for more seasteads which can then become their own sovereign entities.

One of the main businesses will be a data center where the cooling aspect of the sea can be used to cool the computers (and using several options for cheap energy). This will be very useful for a mining operation.

I'm afraid it's a bit early for a serious bitcoin crowdfunding. We'll have to wait for bitcoin price to reach 5K$ at least. Or 50K$.

There will be different minimums for different discussions. The sitewide minimum is 1 mBTC (about 22 cents).

The shills tend to be invested in alt coins or have no bitcoins at all.

A Bitrated link to user profiles will help as well.

What is the minimum requirement to join? Hopefully not 500 Bitcoins? ...

I do not see, how this will stop "shills" ....Their masters have big pockets... They can just buy a bunch of Bitcoins for their "shills" and get approved to join the forum.

You could just allow everyone, and "moderate" the people, who are identified as "trolls or shills". The only reason it is not working here and on Reddit, is because moderators allow for freedom of speech.

I hope this will not exclude financially "poor" people, from having a voice. Bitcoin should be for everyone, not just for a elite group of rich people.  { I know people, who are currently unemployed, and live from income derived from Bitcoin, who has brilliant minds and make exellent contributions to the community... it would be sad to exclude them, based on their financial status} 

You are correct, the pool does not hold any money. Using the blockchain we can verify that you hold the funds.

We currently only allow one address but multiple addresses is definitely in the works.

My 2 cents... there is only 2 things guranteed in this world, death and taxes

Like your ideas and the community is great. Here is one of the communities that is land based.  http://www.iiicitadel.com/index.html

Maybe you could make some connections there to have some land base also.

What are you talking about? I figured you would just sign a message proving ownership of X number of bitcoins. No need to transfer them out of your control.

I think it's a very interesting idea, and could eliminate at least a little of the noise ratio in a forum compared to what we have now. I'm going to give it a try.

One question: Will be be possible to aggregate signed messages from multiple accounts to prove our ownership of "X" BTC? For example, I have a bit over 10 BTC in one account, 3 more in another, some at Coinbase, and odds and ends at a few altcoin exchanges. Will I be able to provide multiple signatures proving my total BTC net worth, or will I only be able to provide the proof of ownership for the 10 BTC account?

That will the most difficult task because no one can trust other person so it will be very difficult to come up with a solution to safeguard the pool money. Does anyone have any idea?

great project

I wonder how to ensure the safety of pool's money , are there some kinds of multisig or precautions to prevent the pool keeper takes all bitcoins run away like evolution ?

interesting.  is the ultimate goal to  lead it up to having our own  nation, btcnation? serious question.   

I don't claim that people will be willing to part with their funds, just that they have the funds available. There is a reason that people go to Shark Tank and pitch their ideas in front of rich VCs instead of pitching to random people on the street.

I don't really feel betrayed, that was 10 years ago, it was no big deal. It was just an inefficient way of doing things and a waste of a lot of peoples' time spent dreaming.

I know that you feel betrayed when others backed from that "Free Town" investment project of yours (great idea btw, I really liked it) and now you think that you can prevent this kind of situation in the future by verifying before if said individuals are indeed 'loaded'. But this will only make you know for sure that people you are dealing with are indeed having said money, they claim they have. But they still can troll you and back from theirs previous claims, there are a lot of rich trolls after all.

No plans for implementing signatures. The goal is quality discussion, not a race to get as many posts as possible.

If that means less posts then that is ok.

Not at all. You just have to have 20 cents in your cold storage wallet. BitPools uses the blockchain to verify that you have a bitcoin balance.


The story I use to explain this is a project I was involved in called the Free Town project. There were about 40-50 of us with the same goal, to buy some land in New Hampshire and set up a small community with the goal of liberty. The idea was if we bought a large parcel of land we could get the price per acre down and people could put in something like $5,000 and get around 5 acres.

After months of discussion of every little thing from the best location, the rules of the community, how the land would be divided, etc. we finally had a real estate investor set up a corporation for us and he began going to different locations for us and gave us a report on the site. It was nearing the point when we needed to put in the money. Myself and another couple signed a contract and sent $10,000 each (10 acres). Everyone else fell silent. Nobody had that much extra money put aside for the project. They were all talk, more into the idea of a free town than actually putting any money toward it. Myself and the couple got our money back after a few months of waiting for anyone to participate.

A lot of time could have been saved if we could have verified up front that people actually had the funds for the project that they were involved in planning.

BitPools solves this. And now there is a forum which will allow for communication among people with different levels of Bitcoin involvement.

So April 15 was the announcement day for bitpools.com made by Chad Elwar ?

I read Elwar's post very carefully and I have to say that is interesting idea but... I think you are missing the point here. What you are offering is basically forum where you have to pay to write a post?
You need to pay each time you post in a thread? Am I reading this right? So you realise that 20 cents may not be much for you or anyone from US or western EU but it may be a lot for people from other parts of the globe, right? And you are making them unable to voice their opinion by putting wall of money on their way? I don't think it is a good move. You will be discussing things between members of your own elite "Whale Club"  probably.

Sounds like a positive idea. Is there going to be some sort of signature campaings on there, or ways to earn BTC, or it's only a place to talk and stuff?

Cold storage is the best way to use BitPools. You just have to move them once to verify your balance.