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 | 1 | initial version | posted 2015-11-19 22:53:39 +0200  |
Emergency bitcoin crowdfunding
Here's how we could help Jolla in their current financial situation. First we setup a multi signature bitcoin wallet with 3 different keys. In order to withdraw funds from the wallet, it would require at least 2 out of 3 keys to validate the transaction. 2 out of 3 keys would belong to key members of the community and 1 to a Jolla employee. If we can't get a hold of a Jolla employee willing to participate in this, the 3rd key would be given to another member of the community.
With this setup we would be able to gather funds without having to put trust to just one person so no one would be able to steal the money for selfish purposes. Majority of the keys would be held in the hands of the community so if something goes wrong with Jolla, money could still be returned back to the donators. People willing to donate other cryptocurrencies like dogecoin would be able to do so easily through https://shapeshift.io
Members of the community participating in this could be decided by vote here on Jolla together. How does this sound?
| | 2 | No.2 Revision |
Emergency bitcoin crowdfunding
Here's how we could help Jolla in their current financial situation. First we setup a multi signature bitcoin wallet with 3 different keys. In order to withdraw funds from the wallet, it would require at least 2 out of 3 keys to validate the transaction. 2 out of 3 keys would belong to key members of the community and 1 to a Jolla employee. If we can't get a hold of a Jolla employee willing to participate in this, the 3rd key would be given to another member of the community.
With this setup we would be able to gather funds without having to put trust to just one person so no one would be able to steal the money for selfish purposes. Majority of the keys would be held in the hands of the community so if something goes wrong with Jolla, money could still be returned back to the donators. People willing to donate other cryptocurrencies like dogecoin would be able to do so easily through https://shapeshift.io
Members of the community participating in this could be decided by vote here on Jolla together. How does this sound?sound?
For more information on the multisig bitcoin wallet creation process, visit https://en.bitcoin.it/wiki/Multisignature.
| | 3 | No.3 Revision |
Emergency bitcoin crowdfunding
Here's With Jolla having a financial crisis how could we as a community help them survive. Here are a couple of suggestions on how we could help Jolla in their current financial situation. Jolla.
Bitcoin crowdfunding with multisig wallet
First we setup a multi signature bitcoin wallet with 3 different keys. In order to withdraw funds from the wallet, it would require at least 2 out of 3 keys to validate the transaction. 2 out of 3 keys would belong to key members of the community and 1 to a Jolla employee. If we can't get a hold of a Jolla employee willing to participate in this, the 3rd key would be given to another member of the community.
With this setup we would be able to gather funds without having to put trust to just one person so no one would be able to steal the money for selfish purposes. Majority of the keys would be held in the hands of the community so if something goes wrong with Jolla, money could still be returned back to the donators. People willing to donate other cryptocurrencies like dogecoin would be able to do so easily through https://shapeshift.io
Members of the community participating in this could be decided by vote here on Jolla together. How does this sound? For more information on the multisig bitcoin wallet creation process, visit https://en.bitcoin.it/wiki/Multisignature.
Invesdor crowdfunding platform
Invesdor is a crowdfunding platform that operates on a different model than the reward based kickstarter and indiegogo. Instead of giving out rewards to the backers, invesdor is equity-based. This means backers become share holders instead. This is in many ways a lot better than reward based since it gives the backers something real and not just some vague promise of getting something in the future. It is also one of the crowdfunding platforms if not the only one that is operating in Finland despite the strict fundraising laws. This would probably be better alternative to kickstarter or indiegogo since you'd get shares instead of a reward. Many people may be reluctant on donating more money for the company when they haven't delivered the Jolla tablets yet. Investments are accepted from all over the world. For more information visit https://www.invesdor.com/.
Indiegogo/kickstarter
Using either of these reward-based crowdfunding platform, Jolla could organize a new crowdfunding round. As to what kind of rewards they could offer I don't have any ideas for.