Bicknellski

Just waiting on Fedde. 

We will convert to Rupiah once we get the entire loan and then we can go shopping for chocolate and filling flavors this week. Hopefully the Rupiah / Bitcoin price remains up. 

Okay got your loan Rik thanks. 

Oh tasty is not the word. I have to be totally honest I had zero expectations taking this class but after seeing the results of the kids and my own chocolates that they are more than just tasty. They are professional quality chocolates.

Now we know how we can create some of our own ganache (centers) and make some interesting pralines for people. That is the next step.

 

Just got home from Chocolate School and I have to say this. 

I have never learned how to do anything in such a short time and get such an excellent result even though I did not do the task as well as I could have.

Gentlemen behold my Chocolates.

Also... the taste AWESOME.

In less than 3 hours we learned to make professionally looking / tasting chocolates. Very impressed with Chocolate School. Excellent chef showed us step by step. Was great fun.

 

Okay so I have asked my students to do a little cramming and learning about chocolate and its preparation before Chocolate School tomorrow. 

It seems like the are keen on learning the craft of making chocolates. I have also been watching a good series of videos from Belgium http://www.callebaut.com/usen/callebaut-tv/tutorials to help me prepare for tomorrow as well.

I am hopeful that our experience tomorrow will be a rewarding one and we will be able to show others our skills and possibly do teaching of the techniques to other schools and classes as part of our program. If you have not yet sent your Bitcoin Rik and Fedde please do so as soon as possible thanks.

I'm still waiting on 2 more.

Fed and Rik?

Umm ya ok ARC.

 Takes two seconds. Done.

2 hours ago, Arcurus said:

I also send now to 0.15432 BTC like Fab.

In case you send Freicoins back, please use this address: 16qhfJtrwCvNwRBA9efqAUVoonrPPkD25y

Freicoin? 

Given it would just be us on Fedde exchange let us just use Bitcoin.

Got it holding in reserve I hope the Rupiah doesn't crash. Again as I said I can handle that given the size of the loan is small.

Got it Fab thanks,

Yes the signature changes when I add new addresses. So eventually when all the lenders addresses are set the loan agreement and the signature will be complete that is the last revision. If you would like to send me a revised signature do that only after all this is done meaning I have everyone's addresses added to the message. You know but really the main contract is enough and the signature the first time is all I need to confirm that the address is actually you. Also there is a long delay in repayment so if someone is scamming and stolen an account etc or trying something you would have plenty of time to contact Fedde about that or me etc. 

Notes:

1. If people don't sign the message it is not a problem for me. I will just leave (Unverified) next to the address though. I do this also out of habit because when I did OTC Bitcoin trading and made contracts in the bitcoin forum it was a requirement to digitally prove that you had control over the address to make the exchange work with an escrow. It was the only safe way to do it. I once held I think it was 80,000 USD in a contract. Ugh I was so scared of something happening to that wallet and the triple back ups I made.

2. Again I can pay off these loans personally as the amount it quiet low so I am not too bothered how this works. I am good for the bitcoin or the USD.

10 hours ago, Arcurus said:

Hi Bick,

I have sent you 0,01 BTC to this address as test: e44494760346d922b897fa416e5d6e6709916fb430a941ef9f6a12d1e014ef13

 

HISTORY OF DEPOSIT/WITHDRAW BITCOIN SEPTEMBER 2016

Bitcoin address for Arcurus : 

1CYAXos2UoDYpBB8qoExR3TSyBWoEJHMQq

Again just so you understand my concerns and to clarify.

1. Loan is in US Dollars.

But I need to pay Chocolate School in Rupiah and Rupiah is how we will be paid when we sell our chocolate. So just so you know I am a little concerned about exchange rate issues should the Indonesian Rupiah fall dramatically. It has happened in the past and given the current world economic situation it might happen again. But we agree the loan is in US Dollars. We will pay back 95$ to each lender. I am posting the Rupiah exchange rate as reference for everyone so that we can see any possible issues should the Rupiah crash. The Freihours are a similar issue and are information only as per our convention here in the Freicoin Alliance forums.

2. If you can follow the procedure as described that would be best, if not no worries.

I have put out a simple enough procedure. If you don't have to time to check a signed message in bitcoin client that is fine. Just send the coins to the address. Don't worry about what the students do on this end I can make whatever the lenders do work as an activity. It be nice if we did the same thing we did last time. Just makes it easier for me to repeat the lessons I did on this 2 years ago. 

It worked out fine then. It takes literally 2 minutes to copy paste and sign a message in the Bitcoin client and all I need to see is your signature to that message and I can then verify. Note I have to add addresses to the signed message so please at least send a token amount asap so I can post them to the signed agreement here that is the copy we can all reference and check via the Bitcoin Client verify feature. If you do not want to countersign then ok that is fine. We have at least copy on record that states the "terms". To be honest I can cover the loan immediately if need be at any moment so there really is no concerns on default etc but the educational value is what is important. This is why Fedde's FRCJam idea for this is best so none of this manual copy paste stuff would be necessary and the gui / website can handle most of this.

* Guide: How so sign a message with blockchain.info & Bitcoin Core
https://forum.bitcoin.com/beginners-help/guide-how-so-sign-a-message-with-blockchain-info-t436.html

3. Send a token amount first and do it now or ASAP to this address: 168g7hWSXsimXUU7pUjt5ftxw5sc2gHTK5

If you have sent coins and given me a signature to check I will do that if not then no worries but please send a small token of coin to the address first and wait for me to confirm it is my Bitcoin.co.id account. Then you can send the rest. Please give me something soon so I can at least check that your address is working and that you are ready to send the full amount.

4. We pay Chocolate School on 15th of September.

As I mentioned before I will be paying for the Chocolate School next Thursday at  Chocolate School. So I would hope at least to have everything set in terms of funding to be at least deposited by the 14th of September from lenders.

5. Please note the amended loan agreement conditions to reflect US Dollar prices and proper dates etc.

I have made the necessary changes to the loan agreement short form and have updated address and signatures as required.

5 hours ago, Rik8119 said:

Hi @Bicknellski , i do not have too much time at the moment. For me it is enough when you tell me an address that is only for my payment and i sent you the BTC there and post the address for payback here in the forum. So everybody is informed and it is asap - as simple as possible ;-)

Please send loans to the following address as indicated above: 168g7hWSXsimXUU7pUjt5ftxw5sc2gHTK5

It would be good just to send a small amount first to confirm and I can send back a small amount. Just to be safe note that you should send about $1 rather than a few pennies because of the fees at Bitcoin.co.id for transferring coins is more than a few cents. Also I need everyone to provide me a bitcoin address so I can at least test send some BTC back to lenders. Also note although I know it is easier to just send bitcoin to an address the point of the activity beyond getting the loan is for students to learn how bitcoin / freicoin works. Not only that I want the students to learn signing procedures and good methods for checking addresses are working properly. 

12 hours ago, Fabrizio said:

@Bicknellski I'll make the payment as soon as blockchain.info fixes my login, hopefully still today. (Yeah, I know.. I should change the webwally provider and indeed will do so when I get access ><)

*edit: Sent the test tx
Signature for loan agreement: H+sJmAkVXkspuoKmrMU9zBRqXsQi8cTqzOE2PdoTZ9jKTphDJK2SOO1YsxnLk0x/AZtJQL44DmZbl4b563rzN8w=
 

Okay got it.
Verified your address and added it to the loan agreement 1C4JHE16YJHrE8pQtYaRh9pqG6qJsC9Upm

Just to make sure it was this transaction correct Fabrizio?
 

Note I can't send back the 0.02$ it is too low an amount at Bitcoin.co.id 

Updated invoice:

Montessori Invv.pdf

Note: The school owner has worked a deal with Chocolate School to observe and help students in the class but not take the course so we will only have to pay for 5 participants. We will get the updated invoice soon. She will help us document the students at the course with video and pictures as well as observe the class so later on she can help us with the production as well. It also leaves us more funds for baking. We will need to decide what supplies and specialty equipment and packaging we will need after the training.

 

Yes. We will set the rate on the date we exchange Bitcoin to Rupiah. Issues might be volatility in the Rupiah price but I hope that is not the case for the next few months.

$95 or 9.5 Freihours is good agreed.

Note:

Added invoice from Chocolate School. We have not paid yet this is just the invoice. We will upload proof of payment after the class as payment is made on the day of the program.

Montessori Inv.pdf

Registered Participants for Training at Chocolate School note we have added the school owner to the program as she will be helping oversee the sales and finances for the program as she has more time now to engage in school activities. Note that she has a Masters in Finance and Accounting from the University of Kansas so we are well covered there.

Students:
Mr. Benjamin Zachary Hanming Bicknell 
Ms. Anne Maria Anggraeni 
Mr. Ethan Jeremiah Hancheng Bicknell 
Mr. Elijah Lawrence Hansheng Bicknell 

I have reserved a space for Chocolate School but payment doesn't have to be made until we arrive at the school on the day of program. I'd prefer to make sure the loan is active (we receive the Bitcoin) no later than Wednesday next week but earlier would be better. So that the students can help process the Bitcoin to Rupiah and report back to the lenders. 

That would mean that each of you will loan us 9.5 Freihours or 1.250.000 Rupiah or

Convert againView ChartMid-market rates: 2016-08-31 03:28 UTC
at the current exchange rate on xe.com. We intend to repay $380.00 US (38 Freihours or 5.000.000Rp) at zero interest in two installments although it is likely we may repay the whole loan sooner if our sales on chocolates are good

Students will prepared a signed message. Please verify and send a token or small amount of BTC to the bitcoin.co.id address below as this is where we will exchange bitcoin for rupiah and then back again to repay the loan and it can be tracked by everyone also note that I am registered user on bitcoin.co.id which required photo id, a recent picture with me holding up my signature to verify my identity in order to register so that I can exchange bitcoin for rupiah on this site as per Indonesian law.



1. We will need everyone test  addresses by sending a token or small amount of BTC and then we will send that amount back to you to verify the addresses are working properly both ways before the loan is issued.

Arcurus Address:   1CYAXos2UoDYpBB8qoExR3TSyBWoEJHMQq (UNVERIFIED)

Fedde Address:  1CjPD6TU42wgu68nrT2uQeUduCL4UF1jH6 (UNVERIFIED)

Fabrizio Address:  1LYonRy8qoU7H2yt9yY3oHM1BbSGNXTh9K (VERIFIED)

Rik8119 Address:  1NBRiWWsQdEEAQU8KtWGg9xHQrrhYEWnG7 (UNVERIFIED)

2. Also once we have verified the addresses are working I would like you gentlemen to copy paste the message below into your Bitcoin Client and sign it. Then post the signature here or email me the signature so I can verify your addresses. (Email: [email protected] or PM) That way I can verify the address is correct and it is you. This is for educational purposes for students as much as legal purposes of 'digitally signing' the loan agreement.

3. We will confirm TX ID here once we receive and have confirmations of the transfer.

4. We will provide fortnightly and important updates of our progress.

5. The Bitcoin Signed Message was generated on the following bitcoin address: 1C4JHE16YJHrE8pQtYaRh9pqG6qJsC9Upm

-----BEGIN BITCOIN SIGNED MESSAGE-----

Borrower Bitcoin Address: 168g7hWSXsimXUU7pUjt5ftxw5sc2gHTK5

38 Freihour Loan / 380.00 US Dollar / 5.000.000 Rupiah Loan
Borrower: Darin M. Bicknell (Canadian Montessori School)
Lenders:   Arcurus, Fedde, Fabrizio, Rik8119  (Lenders Registered Pseudonym's on Freicoin Alliance Website)
 

Short Form Loan Agreement

Article 1. Facility and Drawing
The loan is for $380 USD to be drawn on September 14th, 2016, in Bitcoin, based on the exchange rate quoted at coindesk BPI http://www.coindesk.com/price/  by 23:59:59 UTC. The Borrower will provide a signed message with the Bitcoin address and the short form of these loan details to each Lenders Bitcoin address.

Article 2. Repayment, Prepayment and Interest
The borrower agrees to repay the full loan to the lender by March 30th 2017 in Bitcoin based on the 38 Freihours which is equivalent to 5.000.000 Rupiah at the time of the loan being issued. Repayment plan is $140.00 US or 14 Freihours or 2.500.000 Rupiah by December 30th, 2016 and another $140.00 US or 14 Freihours or 2.500.000 Rupiah by March 30th, 2017. The interest applied on this loan is 0% per annum. Repayment is based on US dollars. Freihours and Rupiah are only referenced for information purposes.

Article 3. Costs, Expenses & Taxes
The Borrower and Lender to agree to pay their own stamping fees, exchange fees or taxes and other similar duties to which this Agreement is subject if they are required.

Article 4. Payments
All payments to be made by the Borrower shall be made by paying the same, in Freicoin, to each Lender with a signed message to the Freicoin address used to transfer the loan to the Borrower in the first instance. The Freicoin addresses used for this loan must be in the sole and complete control of Lenders and Borrowers.

Article 5. Representations and Warranties
The Borrower represents and warrants to the Lender that this is a legal, valid and binding obligation.All payments of principal, interest and other moneys due or to become due from the Borrower are free of any present taxes imposed by or any taxing authority.

Article 6. Events of Default
The Borrower shall default in the·due performance or observance of any other term or condition of this Agreement for more than thirty (30) days after receipt of notice thereof from any Lender.

Article 7. Assignment
This Agreement shall bind and inure to the benefit of the Borrower and the Lender and their respective successors and assigns provided that :
a. The Borrower may not assign its rights or obligations hereunder without prior written consent of the Lender, such consent not to be unreasonably withheld ; and
b. The Lender may, upon notifying the Borrower, assign all or any of its rights under this Agreement provided that as a result of such assignment,the Borrower shall not be liable to pay any such assignee any greater amount than it would have been liable to pay had the Lender which is a party to this Agreement remained entitled to the Loan hereunder.

Article 8. Notices
All notices, requests, demands or other communications to or upon the respective parties hereto shall be given or made by telex, telegram,cable or telephone (later to be confirmed in the block chain via signed messages) or by mail to the party to which such notice, request, demand or other communication is required or permitted to be given or made under this Agreement addressed as follows

Using signed messages from the Lenders or Borrower via the Bitcoin blockchain using the individuals Bitcoin addresses that were used for this loan agreement.

Bitcoin Address Borrower:  168g7hWSXsimXUU7pUjt5ftxw5sc2gHTK5
Bitcoin Address Lender 1: 1LYonRy8qoU7H2yt9yY3oHM1BbSGNXTh9K
Bitcoin  Address Lender 2: 1CYAXos2UoDYpBB8qoExR3TSyBWoEJHMQq
Bitcoin  Address Lender 3:  1NBRiWWsQdEEAQU8KtWGg9xHQrrhYEWnG7
Bitcoin  Address Lender 4: 1CjPD6TU42wgu68nrT2uQeUduCL4UF1jH6

Article 9. Governing Law and Jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of (undetermined nation or jurisdiction). Both parties hereto hereby irrevocably submit to the nonexclusive jurisdiction of the (undetermined court in an undetermined jurisdiction).

IN WITNESS WHEREOF the duly authorized representatives of the parties hereto have executed this Agreement the day and year first above written via the Freicoin chain using the following Freicoin address that I personally control.

-----BEGIN BITCOIN SIGNATURE-----

H1p++0z9M9UXPdR4MlSQFBcPfBBt4pL839EjlpOX5n6PG6puPvmr1kWQcJ9+86QcVQlgIh5e28iQHo/VFeUVd4M=

-----END BITCOIN SIGNATURE-----

Note: I will be adding lenders addresses to the signed message so you will see edits to the bitcoin signature when I get the addresses from all the lenders. Signed by address: 1C4JHE16YJHrE8pQtYaRh9pqG6qJsC9Upm 

Yes, there will be a student in charge of the communication / picture taking etc and will keep you all updated to our progress with fortnightly reports.

We will add a post here to this thread as basic terms like we did before for the cooking loan we got 2 years ago.

Sorry... been very busy.

Let me review your posts and update.
 

On 8/14/2016 at 10:39 AM, Rik8119 said:

Hi Bicknellski, i am interested. What is the exact plan? Will you use the FRC to pay the workshop and buy it back from the exchange afterwards? I guess you need Rupiah/$/BTC. So will you exchange it first? Greetings Rik

Rik the plan is we accept loan in Freicoin. We exchange it for Bitcoin and convert to Rupiah. Reason is the school where we want to take the course will not accept FRC or BTC only Rupiah. So as before the students will exchange FRC for BTC for Rupiah. And when we pay it back we pay convert our chocolate sales from Rupiah to BTC to FRC to pay back the zero interest loan.

1. FRC to BTC on https://freiexchange.com
2. BTC to Rupiah on https://www.bitcoin.co.id/
3. Rupiah to BTC on https://www.bitcoin.co.id/
4. BTC to FRC on https://freiexchange.com 
5. Students pay back the FRC loan to lenders.

On 8/14/2016 at 3:29 PM, fedde said:

I'm interested to. As we spoke a bit earlier we should get some sort of micro loan website up ???? 

Now if Fedde can make a BTC Jam site where we can provide all the details and Alliance members can become lenders even better.
 

On 8/20/2016 at 9:55 PM, Arcurus said:

Hi Bick,

5,000,000  Rupia is currently 380 dollar = 38 Freihours

I would nominate the loan in Freihours, Freicoin doesnt have enough liquidity currently.

Freicoin price on virco is bettween 0.000001 BTC and 0.000005 BTC

So I would loan directly in BTC.

Nevertheless we could support the project with some Alliance Funds.

All the good to Indonesia,

Martin

If we just take a loan in BTC that would be ok. Student will still need to make exchange on Bitcoin.co.id and back to pay off the BTC loan.
But hopefully we agree to an interest free loan and something maybe locked into Rupiah vs. BTC so we don't have issues with exchange like last time be best. I like the idea of Freihours to Rupiah as well as long as we don't have any significant exchange losses either way to either party.

So we would be looking at 5 million rupiah to cover the chocolate training program and some chocolate for stock to make the specialty chocolates that we will sell. Or make a set exchange rate for Freihours to Rupiah so there is no issues when we want to repay our loan to lenders.

On 8/23/2016 at 9:30 PM, Fabrizio said:

Yea'yuh! I'll support this as well  
I'd also think, along with @Arcurus, that nominating the loan in FreiHours at this point could be more stable option? And also would see this project be something to support with the FA funds  

On what date is the workshop starting? 

Fab the date or Month would be in September or October class given they only do 1 class like this per month. I would like to do this in September so we can be ready for October - December selling our chocolates before the Fall and Christmas breaks. Also this gives students a 12 to 15 week program of work on this area and gives us plenty of time to earn enough money to pay back the loan by January or February of 2017. Obviously I the school is going to back the loan in the event students fail to sell enough chocolates or there is a short fall. The last program we ran was a complete success and given the nature of this new program I am confident it will be very successful.

Email I got from Jonah at Tulip.

Quote

Dear Mr. Bicknell,

We have the class for Morning Class on 15 of September, Sir.

Just inform direct to join with us for the next class.

Thank you and have a blessed Tuesday

John Royle Candi (Jonah)

Marketing Communications

 

Chocolate School by TULIP

Bellezza Shopping Arcade Lt3

Jl. Arteri Soepeno No34

Permata Hijau, Jakarta 12210

Indonesia

Phone         62-8111-502-688

Whatsapp    62-896-7013-7383

Facebook    Chocolate School by Tulip

Instagram    chocolateschoolbytulip

www.chocolateschool.org

On 8/20/2016 at 11:13 PM, fedde said:

Can confirm that it builds from source ok on Debian Jessie. Backup stratum now runs new daemon and blocking...

freicoind --help
Freicoin version v0.8.6-2-beta

one or two warnings when building.

util.cpp: In function ‘mpq RoundAbsolute(const mpq&, int, int)’:
util.cpp:606:5: warning: ‘ret_next’ may be used uninitialized in this function [-Wmaybe-uninitialized]
     if (ret_next) {

Block http://explorer.sicanet.net/block/00000000000009537acf9f23f7d9add3602d0cc803991208ffcda37420d10486

is mined on new daemon.

Nice... I can now check my wallet with the block explorer.

64 bit please for Windows.

The thought we are using abandonware is greatly over stated. 

Thanks. Please keep us updated on the progress.

Freicoiners,

Our school is again interested in getting a microloan in Freicoin so 4 students and 1 teacher can go and get a 3-hour morning program with professional chefs in gourmet chocolate making. http://www.chocolateschool.org/

Here is the email we received today:

Quote

Dear Mr Bicknell,
 

1)This is a class that will last for about three hours: 9,30am - 12.30 pm approximately.
 

2)The students will work with real couverture, chocolate (56% cocoa content)  and artisanal  quality ingredients.
 

3) After a short introduction on chocolate making process, bean to bar,  the students don aprons and  will watch a demonstration of the correct way of Melting Chocolate and tempering (preparing chocolate for use in making products.
 

4)They will then make three chocolate bars, milk, white and dark themselves with infusions (dried fruits and nuts) by themselves guided by our chefs. When completed the bars are placed in the chiller for cooling.
 

5)While the bars are being cooled to solidify, the students will make moulded pralines with ganache (also made by them under guidance).

6)They will make 24 pieces each. the moulds are then cooled in the chiller.
 

7) Bars and pralines are demoulded and packed in boxes for the students to take home. All packaging is provided.
 

 Cost per student is Rp 750,000 payable on the day at the School. Bookings should be made at least a week ahead. The Course will be conducted in English and Bahasa Indonesia.
 

Please contact me if there are any further questions.
 

Best regards
 

Mervyn Pereira

Principal

 

We are asking for a loan of 5,000,000 Rupiah so that we can pay for the morning class and get some supplies to start making chocolate bars and pralines that we will sell to pay off the loan. We would like to have another 0% interest loan that we can repay by the 3rd term of school. That would give us the 30 weeks to repay the loan through the sales of our chocolate bars and pralines.

http://coinmill.com/FRC_IDR.html

A loan of 610,000 FRC at that rate quoted in coinmill.

On 7/6/2016 at 4:12 AM, Skirmant said:

Good news, I recently paid a $25 fee which allows me to publish applications on Google Play

https://play.google.com/store/apps/details?id=cc.freicoin.wallet&hl=en

 

It would be great if you guys rated and maybe wrote a short review, it would bump the wallet to the top of the search results for Freicoin

Rated 5/5.

We should pay additional bounty right guys? Great having this up on the google store.

Yes it works.

Got 1.0060 WLC in my wallet on my phone!