[GLBSE] N33D W33D MMJ Growing Op | Bitcointalksearch.org

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

Quote from: BitMonkey on August 29, 2012, 06:41:16 PM

If you use the medical strategy you would have to be a non profit organization ("unincorporated" preferably).
You definitely couldnt have stock holders.
And no profit could be distributed.
You may be able to take a loan out and pay it back with interest. In which case the loan could be from a group of bitcoiners, structured in some manner.
Cool Idea,
But the downside about grow ops is they usually fail, in terms of quality.
If you have a bunch of experience producing high quality then disregard this, but if you think just by knowing all the info in books and online that your first grow will come out top notch then you are in for a rude awakening.

Anyways there would be a set interest rate and it could not be relative to how much you make.
Therefore it kinda reflects a bond.

Ya, i thought about the loan idea as nonprofit limitations would intervene.

As for the quality statement, im not just walking in out of the rain. Been growing for personal use since receiving my medicinal card (that's as much as im willing to admit Tongue

), slowly prefecting my craft.

BitMonkey

full member

Activity: 238

Merit: 100

If you use the medical strategy you would have to be a non profit organization ("unincorporated" preferably).
You definitely couldnt have stock holders.
And no profit could be distributed.
You may be able to take a loan out and pay it back with interest. In which case the loan could be from a group of bitcoiners, structured in some manner.
Cool Idea,
But the downside about grow ops is they usually fail, in terms of quality.
If you have a bunch of experience producing high quality then disregard this, but if you think just by knowing all the info in books and online that your first grow will come out top notch then you are in for a rude awakening.

Anyways there would be a set interest rate and it could not be relative to how much you make.
Therefore it kinda reflects a bond.

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

Quote from: Bitcoin Oz on August 29, 2012, 04:04:24 AM

Quote from: Snapman on August 29, 2012, 01:52:10 AM

Or how about this...

"Invest In The Hidden Realms Of R&D"

Now what i as define r&d, and what the rest of the world may define it as may differ Tongue

Throw your money into a black hole and hope something comes back out.... then all i need is some retarded trade handle like PPT-POOFOOD or something.

lol. Theres plenty of assets that basically just say "give me your money and youre fucked if I spend it on hookers and blow"

and they have the nerve to call me a bad influence on bitcoin, rifk

like 95% of network traffic is gambling (illegal in the states), and silkroad (illegal all over the world)

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: Snapman on August 29, 2012, 01:52:10 AM

Or how about this...

"Invest In The Hidden Realms Of R&D"

Now what i as define r&d, and what the rest of the world may define it as may differ Tongue

Throw your money into a black hole and hope something comes back out.... then all i need is some retarded trade handle like PPT-POOFOOD or something.

lol. Theres plenty of assets that basically just say "give me your money and youre fucked if I spend it on hookers and blow"

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

Or how about this...

"Invest In The Hidden Realms Of R&D"

Now what i as define r&d, and what the rest of the world may define it as may differ Tongue

Throw your money into a black hole and hope something comes back out.... then all i need is some retarded trade handle like PPT-POOFOOD or something.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: Snapman on August 28, 2012, 12:11:55 PM

I might as well just lie my ass off, it seems to work best for the rest of these securities/banks/ponzischemes & fucking everything else

We're a group of local growers, investing in local farmers to grow strawberrys....

The End. (or is it) Dun Dun Dunnnnnnn

Tomato plants are better.

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

See, this is what happens when you don't put your trust in herb, you get scammed by pirates... :O

Have fun collecting funds from that.

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

I might as well just lie my ass off, it seems to work best for the rest of these securities/banks/ponzischemes & fucking everything else

We're a group of local growers, investing in local farmers to grow strawberrys....

The End. (or is it) Dun Dun Dunnnnnnn

Factory

sr. member

Activity: 259

Merit: 250

Quote from: Snapman on June 04, 2012, 08:13:56 AM

No shareholder is liable for the actions of this organization, or anyone who performs any action or task for this organization. No shareholder is liable for any debt that this organization takes on. The limit of liability of a shareholder is solely limited to the capital already invested in this organization when this share was purchased, and no further. Shareholders may not vote out the CEO as this position is permanent.

Anyone who is willfully involved in any entity which operates in illegal ventures (state or federal) can ALWAYS be found liable. This includes individuals providing resources (in this case, capital) to engage specifically in illegal activities.

You can not create a contract that completely waives this aspect of liability.

Please, do some serious research before heading into a venture such as this. You need to be sure you can protect yourself and investors.

markm

legendary

Activity: 2940

Merit: 1090

Quote from: ?? on ??

i would have to really get my read on for all of it, hopefully its not too complicated. The harder it is for investors to reach the system, the less likely they will buy.

That is where brokers / brokerages come in maybe?

Afterall its hard to get a seat on the New York Stock Exchange, yet joe public still managed to get hold of shares traded there...

-MarkM-

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

Holy hell, i blink my eyes, and 10 more mining operations pop up. All of them are just people trying to get the community to buy BFL equipment for them.... Whether it be more FGPAs or ASICs.

markm

legendary

Activity: 2940

Merit: 1090

i2p or Tor is do-able using an Open Transactions server...

I'd mention some such servers were it not that people might then think I run them; on the other hand if people don't think they know who runs them would they trust them?

Well the nice thing about Open Transactions is it is really the issuer of the asset, not the operator of the server on which it is traded, that people need to trust. Maybe we can get you set up with a server you run yourself in your greenhouse?

-MarkM-

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

Quote from: Bitcoin Oz on August 28, 2012, 08:22:17 AM

Quote from: Snapman on August 28, 2012, 03:46:31 AM

If pirate can pull it off by calling his operation a bank (who the fuck knows what the money was really spent on, for all we know he could have been using the funds to run a string of meth labs across the eastern seaboard, or for shipping slave brides from russia & china over to the states), and telling nobody a damn thing except to expect 7% per week, shit then i know what i need to do.

RENAMED: N33D GR33N MJ Banking Opportunity Tongue

You could call it HOBBY.FARM rather than something so overt. No one needs to know what it is you are "farming".

I could, but then when people start asking for details on the business plan and all the inner details, then you have a problem. Unless i just copy and paste pirates IPO launch details, then maybe ill have a chance.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: Snapman on August 28, 2012, 03:46:31 AM

If pirate can pull it off by calling his operation a bank (who the fuck knows what the money was really spent on, for all we know he could have been using the funds to run a string of meth labs across the eastern seaboard, or for shipping slave brides from russia & china over to the states), and telling nobody a damn thing except to expect 7% per week, shit then i know what i need to do.

RENAMED: N33D GR33N MJ Banking Opportunity Tongue

You could call it HOBBY.FARM rather than something so overt. No one needs to know what it is you are "farming".

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

If pirate can pull it off by calling his operation a bank (who the fuck knows what the money was really spent on, for all we know he could have been using the funds to run a string of meth labs across the eastern seaboard, or for shipping slave brides from russia & china over to the states), and telling nobody a damn thing except to expect 7% per week, and succeed?!?!?... shit then i know what i need to do.

RENAMED: N33D GR33N MJ Banking Opportunities Tongue

Snapman

sr. member

Activity: 291

Merit: 250

BTCRadio Owner

Considering either an attempt on cryptostocks.com or through a private investment type setup. Unless some sort of p2p trading system comes out soon.

sunnankar

legendary

Activity: 1031

Merit: 1000

Quote from: zerokwel on June 10, 2012, 04:59:35 AM

But If I can make money and its kinda legal why not.

'kinda' legal? Better hope they are not illegal or it could constitute a conspiracy because the investment would be an overt act and you could get the same length of jail time as the perpetuator or, in other words, co-conspirator.

GLBSE, as long as it sticks to only listing legal operations, as is discussed in this thread is probably completely legal under the new crowdsourced investment act.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

This will be a good asset for a p2p exchange.

zerokwel

sr. member

Activity: 464

Merit: 250

I still would invest Just because its something different.. Pity its going to have to be private.

Same as nefario I don't use drugs. But If I can make money and its kinda legal why not.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: Nefario on June 09, 2012, 04:33:37 PM

My own personal stance on MJ and drugs in general is that , though I myself don't use them, I see no reason why I should stop anyone else from doing so.

From a professional stance I need to consider GLBSE's users and asset issuers, I believe that such assets would bring unwelcome attention to GLBSE from various government agencies around the world and would in all probability result in myself being imprisoned (whether I would stay there or not I don't know), the GLBSE.com domain being seized as well as our servers (although we've got backups, it's going to be hard for me to do anything with them from prison).

Allowing such assets to list on GLBSE in it's current state would be an unacceptable risk for GLBSE, all it's users and it's operators, and as a result is not something that I could approve.

As others have mentioned in this thread earlier, an investment group that is very careful could serve this purpose.

The only exchange that would be able to handle such an asset without getting shutdown is one thats running on a darknet (such as Tor/I2P).

Nefario

Topic: [GLBSE] N33D W33D MMJ Growing Op (Read 5428 times)