Hey all,
After rereading this thread and thinking about whether this would work, I've concluded that while it would be a fun project, it would not succeed as a business, or as a security on an exchange like this. As some have pointed out: the profit margin simply isn't advantageous enough to produce enough revenue to make it worthwhile.
So, I am returning all funds to shareholders via a dividend scheduled for noon today. And I'll just eat the 5btc asset creation fee.
Thanks to everyone who supported this despite its rough start. I've learned from this that I should get a diverse opinion before jumping into something. I'll always be on the prowl for new projects and businesses!
Best,
Garrett
Shares are now trading! https://btct.co/security/CREATE[/s]
Hey all,
Let's face it: 3d printers are cool. I've wanted to own one for a while but I just don't have the extra money laying around. Surely some others have this same problem, or maybe you just don't want to deal with the technicalities of the machine, and you just want something that you can say you created. Either way, I am offering a solution via the BTC-TC exchange!
10,000 shares of the asset CREATE will be, apologies for my redundancy, created. I will keep a 10% stake in the project (as I have with my mining company Cognitive) and the remaining 9,000 shares will be sold at 0.04
BTC each, which will raise roughly 350 coins. With this capital, one
MakerBot Replicator™ 2X along with all of the base colors of ABS plastic wire for the printer will be purchased. Remaining funds will be held for future expenditure, whether it be for repairs, additional wire, etc.
And here's the fun part: At any time, you can trade me 200 shares plus 200 * kg of wire used shares (I suspect this will be under 0.5kg for an average project) in exchange for a 3d printout of your own, mailed to you. This includes the shipping and other fees only if in the USA.
Additionally, something for the future: I am considering creating a web site for this project, where people could purchase our printing power, and profits would be distributed as dividends. This would be brought up in a motion in the coming weeks.
Why are we choosing this printer? Many people including myself believe it is the best available within our reasonable price range. Here are a few advantages it has:
http://www.makerbot.com/faq/The MakerBot Replicator 2 Desktop 3D Printer is the easiest, fastest, and most affordable tool for making professional quality models. The MakerBot Replicator 2 sets a new standard in resolution and accuracy (true-to-life models) and build volume (size of model). Constructed with an industrial strength pressed steel frame, which has advantages for both form and function: the machine looks perfect in an office, lab, workbench, and even the living room and is durable enough to withstand high 3D printing speeds. Top features include:
- 100-micron layer resolution.
- Very large build volume: 410 in3 (11.2 L x 6.0 W x 6.1 H in) / 6691.0 cm3 (28.4 x 15.5 x 15.2 cm).
- No-curl, no-shrink MakerBot PLA Filament, a sturdy, renewable bioplastic.
- Professionally engineered and expertly built for speed.
- Pop-out build platform for convenient print retrieval.
- New MakerBot MakerWare software that speeds the 3D printing process.
- Brand new look and feel.
- Responsive, expert customer support.
As always: comments, questions, and criticism are welcomed.
Cheers,
Garrett