Topic: BTC Games - page 2. (Read 2984 times)

then why you are wearing bitx sig?

Please OP after the Escrow selection contact me by MP to come back and watch the updates in this thread.
Now i've not time to follow each reply, but count me in.

Thank you

No worries waterpile. I don't know anybody here and I'm hoping I've convinced the proper escrow provider to come on board. So things are going at the natural pace for this forum I expect.

We could all do with a little less noise in this thread I think. I'm guessing from the comments that people are not reading it all. I think I've made myself clear as to why I'm choosing not to divulge information that I intend to save for those who take the risk of having to pay an escrow fee as a bare minimum for the privilege of looking over the business plan.

Thanks again to all for being here. This baby's still attached to it's umbilical cord and, like it or not, you all are involved in feeding and keeping it alive. Let's allow an atmosphere of low toxicity. Yeah I know we people still need to let off our gasses...so a polite beg pardon is appreciated if one can't leave quickly enough. Before the brain fart happens.

I do have something I'd like to ask those following this thread. In the trust-less, anonymous world of the blockchain is there any possibility of actually making a non-disclosure agreement enforceable? Any thoughts on this?


fdyl

p.s.
ticoti, I'm somewhat confidant you answered your own argument with that final sentence.  

Sorry its me being a complete idiot again

I'd go with squall over marco. Marco is sketch as fuck.

I understand that you want big investors,but ideas are nothing until they are something real

you should have to show a good project,with good profit prospects and the investors will come without calling them,but it is almost impossible to get money from an investor just with an idea. It must be a really good idea to get what you want.

What? I just provided OP 2 lists of escrows, and I am NOT and will NOT be the escrow.
Why would I need to have trade feedback to be able to suggest a escrow list?
If you find any of the escrows listed there untrustworthy, feel free to contact marcotheminer and squall1066.

https://bitcointalksearch.org/user/dennis7777-167340

Is this the guy you're referring to?

Seems trustworthy enough, he got 0 trade feedbacks

We should really trust our money to him because he have SOLID proof to be trustworthy.

Good luck man. I have doubts you will get one.

Just a note on my search for an escrow provider. The list provided by Dennis7777 led me to my first choice of contact. I will wait for a reply of acceptance or rejection before I proceed further on that path.

EvilPanda has brought up some valid points that I'd be happy to answer.

As to "only thick wallets", It may seem that I'm dismissing those who do not have the required 1 BTC to engage in this start up phase but in truth there is nothing I can do, that I'm aware of, from stopping someone from pooling the resources of others to obtain that BTC. However there can only be one person that submits it to the chosen escrow service provider and such account will be considered the only possessor of the .25%. Any issues they have with their co-investors will be theirs alone and not subject to any recourse other than to either buy out any disgruntled co-investors in their group, or sell their position and make things whole on their end.

With that being said, if anyone is found out to be scamming others, and I expect proof can be provided by the complainant(s) there should be a consensus that that investor be in default of good faith and good conduct and their position as an investor and or employee be terminated.    

Besides, once the "games" commence there should be plenty of opportunity for those with smaller amounts to participate. Think revenue stream.

I have no idea what it costs to start a successful casino site. If what you say is true then it bodes well for what I have in mind. Still, I have no intention of starting a casino.


"So 1BTC buys me .25% of the business? This means you're estimating the whole thing to be worth 400BTC? Aren't you being overly optimistic?"

Actually I'm just using simple math. I'm a simple man but I would hope to expect at least 50% of the hundred initial investors will continue on and the brainstorming can begin.

For argument's sake if your .25% stake were to reach that break even point of 400BTC value in the company would you sell your share or continue to let it ride? I think it may be prudent that the company itself arrange to have first position to offer an investor a buy out bid. If it can be sold on the open market for more than the company is willing to buy it back for, then that would be the at the seller's sole discretion.

I hope these answers are to your satisfaction EvilPanda.


fdyl







 

Does that mean people, who don't have a lot to invest, but would like to give it a try are not welcome? Only thick wallets, right?
Usually statements like that written by newbies lead to one and the same outcome.

1/ set a goal of 100 individual interested prospects willing to put up 1BTC

100BTC? That's a significant sum, I 'm sure most online casinos start smaller.

3/ those prospects who have read the business plan and find it worth "their time and BTC" can become part owners of the "business" and own .25% of the business. That's one quarter of one percent.

So 1BTC buys me .25% of the business? This means you're estimating the whole thing to be worth 400BTC? Aren't you being overly optimistic?

Thank you Dennis7777, I'll look at those links right now.

I haven't used one before, but there are two good lists of escrow service providers.
https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
https://bitcointalksearch.org/topic/escrow-list-108716

You should find an escrow that is active and has good feedback on their escrow thread.

Any suggestions as to which escrow provider I should approach?

What would a good trust score be? 10+...20+...30+? I expect such service providers would be in the Hero/Legendary strata.

I have to start somewhere folks so a little direction would be greatly appreciated.

i will follow this project, waiting for an escrow

You shouldnt take in any consideration to all the negative comment, people will keep on commenting although you have proven yourself, this is how this forum is, and also, due note that some are actually commenting like that because you are a new account which hasnt proven yourself yet

I thank you for your input and support boopy. It's going on 2AM here. So on your optimistic note I will now lay me down to sleep.

Setting up escrow will make it more transparent and create atmosphere of trust among you and investors. People are afraid as there already have been so many scammed. I will give vote up for escrow.

I'm beginning to feel I'm just a little too cautious. I get you have reason to suspect me. As you should also understand that I might have reason to suspect any of you. So let's try to do this the "trustless" way shall we?

So I'm thinking setting up an escrow with a very well trusted third party may be the way to proceed. Call it crowdfunding from within the community if you wish. The fact of the matter is I have no intention of sharing my idea with anyone who is not willing to agree to a non disclosure clause to the escrow.

I propose that I ;

1/ set a goal of 100 individual interested prospects willing to put up 1BTC (in escrow along with the non disclosure agreement) for a chance to review the business plan.

2/ upon reading the business plan any prospects will have the choice to exit and in doing so will have their 1BTC returned. Less a nominal fee, yet to be agreed on, for the yet to be agreed on escrow service provider. Consequences such as a person's Trust Score would be affected by those opting out and dishonoring the non disclosure agreement.

3/ those prospects who have read the business plan and find it worth "their time and BTC" can become part owners of the "business" and own .25% of the business. That's one quarter of one percent. This potentially (optimistically) will max out at 25% leaving at the very most least 75% of the business left for future funding that may or may not be required.

4/ those who prove to have the time and skills required to "build and maintain it" will be fairly recompensed at fair market value when returns warrant them, not during concept however...some sweat equity will be required and more from some than others...as in team work.

5/ I will be happy to see this succeed and, as the "originator", will own 1% and, when profit allows receive not more than half but not less than one quarter of the highest annual salary paid to any "employee".  


I think these terms are fair. Certain terms are open to discussion and/or consensus for change. Any feedback would greatly be appreciated. Here, or in PM.


fdyl