Hey Keith, Steve and Pete
It's all very well telling us this story but you really have to beef it up with some verifiable facts if you're going to be asking for investment.
To be honest, if I had a BTC for every time I've heard similar potted bio's, I'd be an honorary Winklevoss triplet.....
You claim to have a mining setup currently operating in BC.
What actual proof can you offer of that?
You claim to have developed your own "leading-edge mining equipment".
What actual proof can you offer of that?
You misuse the word "arbitrage".
Arbitrage involves simultaneous transactions in two different markets to exploit short term anomalous movements.
All you're doing in your proposal is offering to reward investors by discounting your product (bitcoin) for them at some time in the future.
It's all very well telling us this story but you really have to beef it up with some verifiable facts if you're going to be asking for investment.
To be honest, if I had a BTC for every time I've heard similar potted bio's, I'd be an honorary Winklevoss triplet.....
You claim to have a mining setup currently operating in BC.
What actual proof can you offer of that?
You claim to have developed your own "leading-edge mining equipment".
What actual proof can you offer of that?
You misuse the word "arbitrage".
Arbitrage involves simultaneous transactions in two different markets to exploit short term anomalous movements.
All you're doing in your proposal is offering to reward investors by discounting your product (bitcoin) for them at some time in the future.
The story and the bios on our website are the only stories and bios we have and are an accurate depiction of how we found ourselves in our current position. Our current operations are in Central WA, not in BC. The pictures of the building is the base HQ where we developed and will continue to manufacture our miners and do the testing. Our miners will be placed on different properties that we own or lease that have ample power of 2MW or more. The initial property for this potential campaign has 10MW available, which property is owned by one of the co-founders. Because of their proprietary nature, we cannot provide pictures of the miners at this time in order to protect the viability of the operation.
Arbitrage is done in several ways. The way you describe (simultaneous) and in a buy/hold type of scenario where a person buys currency on one exchange at a low price, holds as the market increases and then sells on another exchange for a higher price. However, your understanding of our perks is somewhat correct. Platforms like Kickstarter and Indiegogo are platforms for start-ups to raise funds in exchange for perks. Those perks are normally product offered as a perk at a reduced price. In our potential campaign, that perk happens to be a Bitcoin Paper Wallet at different amounts of Bitcoin at 25%-45% of face value.