Post
Topic
Board Bitcoin Discussion
Re: Banks are killing us! Fund a pilot project (no ICO) completely in BTC???
by
BtcATMs
on 29/02/2020, 16:13:00 UTC
I supported what you said but I'm a crypto investor will be interested not even when halving is coming. However, i think the OP and his team need to prove their genuinely through getting a license because if they had licensed their previous fund won't have been frozen. Besides, it will boost some investors confidence. In the meantime, you can also make use of indiegogo maybe will be lucky.


Hi, I had some posts removed by answering consecutive posts (sorry mods - I didn't know the rule  Embarrassed )

OP and his team's funds were not frozen - ePayments bank's funds were frozen by the FCA (UK regulator) - apparently due to OneCoin - article here: https://news.bitcoin.com/fca-suspends-epayments-onecoin/


Also, RE; "you will have to sign contracts with them clarifying profit shares" - This is not a problem, an investor can also retain 100% ownership of the machines and we can provide a custom operating agreement to split profit for operating and maintenance. We are very flexible. Or a few owners could spread operating risk and each get a proportionate equity split, a traditional setup which is probably what we will end up doing.

Just surprised they have not worked this out through Bitcoin/blockchain to make it more transparent or automatic (smart contract purchase->operating->dividend).