Post
Topic
Board Bitcoin Discussion
Re: What does this community think of this idea...
by
drknow012
on 15/09/2012, 21:59:57 UTC
Also, I fail to understand why investors wouldn't be able to express their opinions and/or ask questions. It would be a great disadvantage.

Care to explain the value of your project for the community?

I think you misunderstood, the site would allow for total and complete anonymity for the investors, "but they would still be able to voice their concerns and critique the weak points of the project"

And I am aware that this is not an original idea, but I think I can simply do it better. For instance, establishing liability for the recipients of the investments through contractual agreements. Example: A representative can be selected to act as the legal identity for the "sharks" and he/she would be responsible (and obligated) for ensuring the money is being used for what it is supposed to be used for, and that any return on the investment would be sent to a designated bitcoin address.

Quote
Thus, if someone asks for money on bitcoin forums or kickstarters, it must be because he/she can't borrow money from a bank or other conventional sources.

Sometimes that is a fact of life that cannot be changed, weather due to fiscal irresonsibility at an early age, or just plain bad luck. I think we have an opportunity to use this "crypto-currency" to benefit everyone (being that it is unregulated) instead of those just interested in making a profit or getting a return on their investment. How many people can honestly say they think their current banking system is fair, and is not being used to as a catalyst to fuel immoral and selfish principals in business and economics? I think the bitcoin is our salvation, a chance to spawn a new form of fiscal practices, and in the proper hands, can literally save humanity.