[PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details

haitch

@Focus If I thought this was a scam, the thread would be in the Scam sub category. Again, I will fully support any asset issuer who follows my guidelines.

Focus

@haitch said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

@Focus If I thought this was a scam, the thread would be in the Scam sub category. Again, I will fully support any asset issuer who follows my guidelines.

I never said it was, I was merely saying, anyone can go in the scam asset section and still spend burst on any assets that have been scams, the community still has free will

socal

Wow I wake up and there's a text wall lol, now most of it does not pertain to me but to the "leadership" so I will not comment on that as it is not my place.

As for everything else that DOES pertain to me, no worries I understand your hesitation but I have been involved with crypto since 2013 mining, trading, investing, promotions, community projects etc. So I do have SOME idea of what I'm doing in issuing an asset. That said I agreed that I should put up more personally funded hardware BUT as stated earlier a few members have expressed interest in investing before I can purchase and setup the rest of my personally funded equipment, which we will take into consideration before releasing the asset

socal

Since I will be working closely with @haitch I would like to personally and publicly offer him a portion of the fees for as long as his services are rendered (on top of his one time fees for his verification and Escrow services.

Do any potential investors disagree with this offer?

haitch

@socal No need for the fees - use your asset to pay back to your investors and I'll be happy. My help doesn't come with a price.

crowetic

Okay so this is my final post (even though the last was stated as that...)

This thread got WAY out of hand, I personally wanted to apologize for any involvement in fueling that, and apologize to the community for my part.

Hoping this doesn't change your opinion of our amazing community.

This was a bit of a touchy subject, and the comments got WAY too far.

Apologies from me for anything that caused any doubt in BURST, or the functionality of the team.

I should have left my opinion of the assets, and not replied in public to my feelings on haitch's opinions. I should have followed my own example. For that I'm sorry.

Thank you all.

socal

@haitch not a problem. So where we are now is waiting for me to buy and setup another 10TB and to see if the person's interested in investing early understand the risks and are still interested in investing early.

Also of note, if demand is high enough then an extra block or two of shares can be offered for sale. Now it'll take me time to get my personally funded 10TB up and runninh (I.e. gotta let the fiancee finish Christmas shopping for the kids and rest of the family) but discounting the 10TB from me (13TB total) I'm hoping to get 20TB - 30TB of organic mining capacity setup for the asset before the end of the year

HaveMercy

@socal Definitely still interested and following the form daily, I am just trying to get all the burst needed for it! should have it all with in about a week from today

socal

@HaveMercy well I was trying to not name you just in case you changed your mind or wanted a modicum of privacy lol but I got nothing against you publicly stating your intentions yourself lol

HaveMercy

@socal Yeah i figured Not that i mind, but appreciate the discretion bro

socal

@HaveMercy said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

@socal Definitely still interested and following the form daily, I am just trying to get all the burst needed for it! should have it all with in about a week from today

And if your timeline is correct and you don't change your mind we can get the asset up and running with 13TB plus another 10TB coming from my own funds within two to three weeks

socal

So as of right now we have a projected 23TB that will be backing the asset by the end of the year

haitch

@socal and as I said somewhere way up there, I'll help you out with 95TB while you get established.

socal

@haitch said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

@socal and as I said somewhere way up there, I'll help you out with 95TB while you get established.

Outstanding, now what would the details of that be? Utilize your miners on top of the assets miners until the asset's organic mining capacity reaches a certain level?(say 50 TB or something like that) since it is your miners the decision on how to proceed with this and the terms are entirely up to you

socal

@haitch and with this setup it will benefit the early adopters the most because the first to buy shares will receive more augmented mining payouts from your miners then those that invest say 3 months from now

haitch

@socal My capacity mining on your asset account as you grow capacity and miners - for how long? Until I feel that you have the capacity and income volume to be viable - and depending on returns, maybe after you're viable.

socal

@haitch said in [PRE-ANN] Socal's Burst Mining Asset, 30% bonus! see details:

@socal My capacity mining on your asset account as you grow capacity and miners - for how long? Until I feel that you have the capacity and income volume to be viable - and depending on returns, maybe after you're viable.

I have absolutely no problem with that at all, obviously it's more than amazing that you offered 95TB to temporarily back the asset

socal

The only problem I am trying to overcome will be the need to liquidate Burst to not only pay for expansion but for upkeep as well, as long as it isn't an obscene increase I will probably just pay electric cost out of pocket and hold onto the Burst I get from the fee.

Really the only thing I can think of would be a mutual fund asset that deals exclusively with other Burst assets and therefore acts as a "holding" asset, but I'm not sure how much this would help because sure on the front end shareholders and most importantly the Mutual asset itself will only need Burst with no need to deal in BTC or Fiat but on the back end once the Mutual asset purchases other assets there's nothing to keep the other asset owners to dump the Burst they get from share sales on exchanges

haitch

@socal I'd put up more, but I'm sick and changing over more than those two miners is to much like hard work.

gpedro

@socal i think somethings can be done to avoid those dumps of yours but i don't want to disclosure them in public just yet... if you want hit me in PM and we can talk about it! I have some ideas to minimize those issues?!