thank you everyone for contributing ideas/thoughts concerning ticket purchase. it is very important for us to care about your thoughts and therefore we will postpone the date before opening payment procedure for a few weeks in order to discuss further and to get all details covered. we are not jumping any gun here, the reason why ticket purchase is a topic right now can be explained as follows: when we announced the idea about the party the btc price was about 150 $. it has almost doubled now. it may be easier to pay for a ticket when the price is low. maybe people start hesitating when price skyrockets. after all, this party will get more and more expensive for attendants as btc price rises. one of the funny things about this party is that you can buy in low now and later get to go to a highclass event. we rather want to let people buy in as cheap as possible which is one of the reasons of opening payment soon.
another reason is that we need some kind of planning dependability. we will need to sign various contracts with venue, caterer, pa, artists, security, promoters (and many more) and thus being personally responsible/liable. it would be a relief to know people are really attending before signing the contracts, before investing weeks and months of dedication, stress, time, energy. keep in mind we have a life other than just this forum, we expect/fear this developing into full time job for a while.
we also think escrow would be a good idea, but there are some concerns:
escrow could be a reliable way to secure the allowance payment of 1 btc for the attendant. refund is necessary when the party does not take off, since btc may never reach 1000 $ or if not enough people buying tickets. we set a threshold of 100 sold tickets. if below 100 tickets get sold the event is canceled and tickets will be refunded. the time limit will be end of 2015 or 2016 (rather 2015, or what do you think?)
if we use escrow and for some weird reason the escrow cannot release the funds (having an accident, wakes up one morning and hates the op, suffering a stroke, loses keys or whatever- the person who is liable for contracts will be doomed for financial disaster/end up with huge personal debt. i know that the reasons are pulled out of my ass, but it is not impossible that funds cannot be released, and who would want to take this risk of leaving personal financial future in something beyond personal control? imho escrow is excellent for selling goods, but not appropriate for this kind of planning. we are not saying escrow or any third party (for example rassah´s friendly offer) is out of the question, but we do believe that person who is liable for contracts and person controlling funds need to be the same. maybe we find an escrow willing to sign all the contracts. in addition, maybe it is appropriate to set up escrow combined with a structure of consecutive stages of organizing. early phase: payment via escrow, hot/contract sigining phase: release of funds to person/company liable for contracts. this way, in the early phase when cancelation of party is possible, all funds could be sent back by escrow.
before we are opening payments we will discuss this matter face to face with members of the german bitcoin community. there are meetings in frankfurt, stuttgart and heidelberg this month (
https://bitcointalksearch.org/topic/bitcoin-community-region-stuttgart-erster-donnerstag-im-monat-254430,
https://bitcointalksearch.org/topic/bitcoin-community-region-stuttgart-erster-donnerstag-im-monat-254430,
https://bitcointalksearch.org/topic/stammtisch-heidelberg-20112013-309394) that we are attending anyway and we will kindly ask to put this issue on the agenda. maybe this is a good way to enlarge trust. we will supply anyone there with ID, in addition we are willing to release our ID to well respected forum members which are interested in attending.
maybe we can develop some kind of supervision about funds and how they will be used. we assure you to try everyting necessary to keep this as transparent as possible. scamming is out of question, we have family/kids and decade-old businesses and happy lives. we want to serve the bitcoin community with an unforgettable, once-in-a-lifetime party. we don´t want you to buy an insurance, an complex financial product or bitcoin mining vaporware. we are glad to put this together for the fun of it, a good party will need funds, 1 btc is not the biggest risk of all. if there is people that we cannot convince in the next few weeks/months (which we will try hard) we perfectly understand that they may not want to take this "risk". that is no problem after all. please don´t feel rushed or obligated or talked into something. when in doubt, don´t buy soon or don´t buy at all.
in addition we are starting to talk with possible sponsors. our dream is to raise enough via this channel to make it possible to mitigate ticket fee towards zero. if anyone has good contacts and is willing to exploit this shamelessly for the this event, please let us know. the same applies to any whale who feels generous enough to simply invite everyone -
your bitcoinpartyanimals
600watt & cheech300
edit: typo
please excuse bad english