Quote from: sporket on April 12, 2014, 11:32:27 AM

Quote from: thehun on April 08, 2014, 09:28:19 PM

Quote from: Phildo on March 29, 2014, 10:09:18 PM

Will this project make twice as much us dollars if the price of bitcoin doubles? Because that's what you'll need to do if the statement in your title is correct.

With this kind of ventures you have to forget about Bitcoin valuation as it is just an investment vehicle. It is a business thought for the fiat world and returns will be in fiat (maybe converted to BTC at the time of payment). You have to decide if you would rather hold the BTC expecting a higher return than the investment in the proposed timeframe.

Subject: "Looking for investment of ~2500 BTC for music festival, return = ~150,000"

Sure bitcoin price matters, since OP is "investing" bitcoin into fiat, and then converting fiat profits (sorry if you just sprayed your keyboard with coffee) into bitcoin. If, at the time of repayment (moar lulz, sorry) bitcoin price has doubled, OP would need double the fiat to cover it.

I'm amazed that you read OP's business proposal, concluded that it is sound, and missed this glaring blunder.

Quote from: thehun on April 08, 2014, 09:25:06 PM

.. If I compare this to the projects some people have been throwing tons of cash into lately which hardly had any business plan at all or they lacked basic financials (like NEO-BEE recently)...

NeoBee was a bag of dicks. This is a cheaper bag of dicks, but the dicks it contains are just as suckulent and tasty.
Do.not.want.

Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business.

This said, I'm not trying to promote anything here. Drew asked me to have a look at his plan and to give my opinion and I did just that. I'm not going to invest myself as I don't have that amount of idle cash and anyone considering to do so would be a fool if he didn't review the plan him/herself before making a decision. I'm sure there are risks involved as in any business but there are also cases of success.

In brief: do your own research instead of bashing someone without looking at what he has to offer