Quote from: sporket on March 25, 2014, 05:05:30 PM

"The 6mil that *he* invested"? Are you new here?

Edit: Disregard, just noticed your account has 5 posts.

Reply to your edit:
The "business plan" could be reduced to "we're going to do a whole bunch of stuff with Bitcoin" -- there's nothing substantial/specific enough in it to rebut.
My business plan is "I'm planning to mine the asteroid belt and solve world hunger." Explain exactly where it falls apart.

Sorry, it was 6mil, so even more than $6mil (see http://cyprus-mail.com/2014/02/23/love-it-or-hate-it-bitcoin-here-to-stay/ ).

You've hit the nail on the head with "we're going to do a bunch of stuff with bitcoin". That's one of the reasons I find it such an attractive venture. At the moment the future for bitcoin is a huge unknown, so I'm happy for them to try a whole lot of different business models covering all aspects of the bitcoin ecosystem. Ideally they will all be successful ventures but even if one or two fail to gain traction then the rest should hopefully be profitable enough to absorb the loss.

And regarding your plan for asteroid mining, there's nothing substantial/specific there but that doesn't stop me picking it apart. For instance:

- what technologies will you use to reach earth orbit/mine the asteroids?
- what nations have you got agreements with to launch shuttles from?
- how are you going to fund this startup?

It falls apart because the technology doesn't exist yet, you have no credible backers or evidence that you understand the endeavour, and you have proposed no method by which you will generate revenue. I definitely would not buy shares in that venture.