Ask HN: bitcoin crowdfunding?

https://news.ycombinator.com/item?id=6261038

by l33tbro • 13 years ago

6 5 13 years ago

news.ycombinator.com

Hi guys,

Does anybody know of any services that do this? Or would anybody be interested in working on one? I'm an emmerging film-maker who is making a non-lame hacker film. I really don't want to go Kickstarter, and thought it may be interesting to do something with bitcoin.

lcasela• 13 years ago

Here are the two that I found:

http://www.coinfunder.com

https://bitcoinstarter.com

(I have never tried any of these by the way.)

sgornick• 13 years ago

Also, http://PirateMyFilm.com is for bitcoin-powered crowdfunding.

Then there is another type of crowdfunding ....equity crowdfunding. Instead of donation-based such as KickStarter, equity investing is where the contributors can earn profits if the project's revenues does more than just cover expenses.

Cyber-equity exchanges include BitFunder.com and BTCT.co.

One problem, however, is that there might be jurisdictions where this type of crowdfunding isn't allowed. In the U.S. the JOBS act signed by President Obama means offering this type of investment will be made legal when certain rules are followed (e.g., use of a crowdfunding portal). The type of anonymous investment occurring of BitFunder.com and others is not likely to be an acceptable method by the SEC with regard to their rules for the JOBS act.

l33tbro2• 13 years ago

Thanks. Great info.

l33tbro2• 13 years ago

Cool. I also see that Stanford runs a course on building your own BC crowdfunder: http://www.coindesk.com/stanford-university-startups-course-...

It still seems hard to gauge if people would be willing to invest in films with Bitcoin. I've got a strong track record, but I'm not sure how many fans are on the BC train

techdragon• 13 years ago

I'm currently involved in a crowdfunding startup, and Bitcoin support is in our icebox, but hasn't risen due to the usual various competing pressures any project has.

Posts like this help chance that balance of pressures and raise the importance of supporting Bitcoin.

Ask HN: bitcoin crowdfunding?

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