Post
Topic
Board Altcoin Discussion
Re: LTC group buy!
by
Stinky_Pete
on 09/12/2013, 01:24:09 UTC
Just some ideas that need clarifying before you take peoples' money.  Smiley

Do you have backup power supply, internet etc? Physical security?

Is a share for a time limited or until the machine dies or is voted to sell?

I'd suggest much lower shares, to give people without much coin a way to join in. Perhaps one share 0.01BTC for 1/200th part of each machine. You would probably get some people putting in 0.1BTC or more.

Or price shares in $ so it's clear what is being spent (all in fiat), and patrons can look-up an exchange rate they like.

As you appear to be a relative newcomer, can I suggest you use an escrow account until you have enough to purchase a machine, and have your identity registered.