Quote from: CoinHoarder on March 31, 2013, 01:38:39 AM

Well, there seems to be enough opposition to going on a security exchange that I am willing to scrap that idea.

ATTENTION INVESTORS:

First, I have taken some mBTC off of my ownership interest to make our numbers and percentages add up to 100% ownership of the seven Avalons.
https://www.dropbox.com/s/7b7omfd7hrbk9gs/Ownership%20Percentages%20%26%20Profit%20Projections.xls

Second, everyone owns a percentage of ALL Avalon's that the group has ordered. Splitting up interest to each 7 Avalon's and making 7 different payments each month would be an accounting nightmare for me. Although there may be some downside to this for the very first investors, as others have mentioned, there are also advantages to owning a percentage in all of the Avalon's. For instance, if I ever have any technical problems with one of the Avalon's, at least you are still making BTC with the other six.

Third, I am willing to commit to a temporary solution to allow the buying and selling of ownership interest at this time. I will allow you guys to transfer/sell/buy shares to whomever you want... people in the group or out of the group, either one. I don't feel like it is fair to say you MUST sell your shares to people already in the group... if someone is offering you 3x what someone in the group will, by all means.. sell your shares to the highest bidder. I have the right to suspend the selling and buying of ownership interests at any time, as this was never covered in the original investment offer, I am only trying to accommodate you guys.

Ya'll must take care of all negotiating and transactions yourselves. To avoid people blaming me for transaction errors, all sales of ownership interest MUST be posted as a reply in this thread. The post to inform the group that you have sold your shares should be similar to the following format: I sold 1 BTC of my interest to who would like to receive his dividends at . The amount of shares you're selling must be in BTC.

Ownership transactions are non reversible, so make sure you get paid first. I highly recommend you change your password on the forums to something secure, and something that you don't use on any other sites. I will not be held responsible for your account getting hacked and someone selling your shares to themselves.

I hope this temporary solution is OK for most of you, thanks,

Ch

Regarding point 3; Too complicated, error prone, slow, etc. Isn't this the reason we're developing the bitcoin economy? This sort of thing can be completely automated (for the admin end) in bitcoin. For each transfer of share, the seller uses his private key to sign a text block with the buyers bitcoin address and email, handle, whatever. The block is easily authenticated against the sellers address and the database of shareholders updated. When CH wants to run a dividend transaction, he uses a script to format the shareholder table into a bitcoin transcation and calculates the dividends. It doesn't need to be flash. I could write the form/updater script in PHP but there's probably more capable PHP or perl developers here that could do a better job than me, and deliver quickly.

Sam.

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