i'm seeking a $2900 loan (minus fees, etc) for coding work to complete a proof-of-concept coin i've been designing for some time now. once the PoC is completed, it will be posted to btcjam and funded there.
Loan is to be repaid by .6 BTC increments every other day. But we do reserve the right to pay every day, it depends on how the miners/market are doing..
i already had someone who was interested in funding it but required me to use PayPal and PP held the funds for 21 days.. Don't wanna be paying back a loan I can't even use..
I have had successful loans in the past. In all fairness i did have a late payment to haploid23, but i did pay him back in full and some extra to make things OK. By waiting he actually ended up making more
If you're interested in the coin or the loan, please do not hesitate to message me. I might require you to sign a NDA depending on your trust/account age.. Ive already had two of my ideas stolen.. One by pirateat40 for gpumax.. but he got what he deserved, believe in karma now.
Anyway, the general jist of the coin is that we're changing the work the miners do to something thats valuable OUTSIDE the blockchain... Sort of like a namecoin but more useful...
The work is kind of secret now but we're in the process of recoding the bitcoind code base OR the cryptoNote code base to have a modular work system.. so once we're done other people can plant their own versions of the work they want accomplished by a distributed group.. and if the work is valuable people will want to mine it and get rewarded.. your work gets done, people get rewarded.. everyone wins.
The real trick of this is having the miners do work that someone would pay a LOT for ... Thats the idea i've come up with so far..
Anyway, thanks for taking the time to read this. Lets get rich together... There is a small team of us so far.. if you wanna help out and not be the loan-giver, please do not hesitate to contact me..