Financing

[Olivier Francois]

If there is any way I can help fund/finance this initiative do let me know. 

[Jeff Garzik]

Yes. Currently in a low intensity fund raising phase. Seeking up to
$50k (100 BTC) right now, to see the initial design phase through to
completion. A donation of 1 BTC or larger will highlight your org as
a sponsor in whatever ways we can.

In August/September, there will be a public comment period, then a
kickstart type venture to raise $2-5m for build+launch. Much greater
assistance will be actively solicited at that time, after parties have
a chance to truly understand what they are funding.

That's the BitSat project, aka missions B1 & B2, building a
free-to-use network that transmits bitcoin blocks to any listeners.

BitSat mission A1 (lease existing capacity) is also worth funding,
with likely costs under $50k/year. I've not spent time on this
project vs B1/B2, but it can be ramped up very quickly.

Am open to other creative suggestions as well. BitSat is being built
and operated as a non-profit public service.

On Thu, Apr 24, 2014 at 3:02 PM, Olivier Francois
<oli...@adaptivlab.com> wrote:
> If there is any way I can help fund/finance this initiative do let me know.
>

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[Olivier Francois]

Are you free for a call? I would be willing to put up 50K and help with other financing initiatives. 

[Engr. Jawwad Sadiq]

Is there any outcome for investors or it would unidirectional i.e. donation?

[Jeff Garzik]

BitSat phase 1 (design) is unidirectional: a donation. "low intensity
fund raising"

Anything else, before the Big Fund Raising starts in August, is too
complicated and time consuming.

I keep an open mind, and am open to discussion RE alternate mission
B1/B2 financing, but the public really wants to participate, so I'm
leaning heavily towards a kickstarter after the non-profit BitSat org
is incorporated and chartered.

Ultimately the goal is what's important: providing a free-to-use
bitcoin block source via satellite, via private sector spaceflight
companies, that cannot easily be shut down by any one corporation or
government.