@pc thanks for the feedback.

Here are some replies to your questions

1. You have listed some risks, but by far not all, nor the most important ones. For example
* your own untimely death

Agree this is a risk. I do hope it won't happen though...

* offering such securities is probably illegal in Greece, which can get you into serious trouble

Do you mean that offering the "construction" token to be illegal? I don't think so...Not in Greece but in any country as far as I understand..

* your brother in law doesn't complete the project, or doesn't complete it to the satisfaction of his customer, and doesn't get paid, or doesn't get paid enough, or doesn't get paid within reasonable time (which I think is quite likely, from what I know about Greek public finance).

The risk for delaying the project is his own cash flow problems, hence the request of the loan. If the government doesn't pay him, then he will stop working and will indeed not complete the project. But if that happens, he won't need the money anyway and he will return the loan. I agree ofcourse that there is a risk things not to go as planed.

2. Your decision to remain anonymous precludes any kind of research on your financial background (not that such information would be easy to get even with your personal data - P2P lending platforms do provide a service there). It also precludes any possibility of your securing that loan.

I am prepared not to remain anonymous to a potential investor willing to cover a large portion of the loan.

3. Even if your proposal succeeds, it does set a bad example. Bad in the sense that it would make it seem very easy for scammers to request similar loans and run away with the money. Just like it was very easy on STEEM to make money by posting an introduction under a girls' name.

I agree that p2p loans are risky. I was just under the naive impression that maybe members of this community would have shown a bit more trust in me as a long term member of this community. Something like a credit score as you say..Apparently that is not the case... On the other side people from this community have given lots of money to "invest" in projects that never delivered and probably won't deliver anything and they seem to be fine with this...strange things..

Having said that, I really appreciate the honesty and the feedback. Keep them coming..
Thanks!

I think you guys may want to review this from 1 month ago..

https://steemit.com/bitshares/@mf-tzo/proposal-to-reward-bitassets-holders-with-interest

I really don't get it why no one is making a proposal for voting something like what I have described.. I have supported an interest in the form of open.xxx asset but this could be as well in the form of bts..

With $40k from the reserve pool you can reward an annual 10% interest to current bitasset holders..The benefits from that are huge the negatives very insignificant.And yet no one is making a worker proposal for this..unbelievable..

Yes actually I discovered that I have the following problems (although manageable):

when I use safari I can not withdraw Open.xxx assets but I can claim vested balances
When I use chrome I can withdraw Open.xxx assets but I can't claim vested balances

Bumping this thread! Please consider supporting the "construction" token.

You will be helping someone raise financing who is in need.
You will receive interest on your bitusd stash.
This will be very good marketting for bitshares and if we manage to reach a decent portion of our target I will let everyone know about this.

P.S. I have no personal gain from all this.

I doubt you'll succeed without open yourself. Also i was hoping for regular Steemit updates from building process. I would like to see that road. How it looks? How long it is? What work must be done and so on... Even if you are honest you can still fail with this and be unable to pay your debt. I want this go real because marketing potential,  but I will not risk more than that.

@nmywn  I think you are right and I will follow your advice. Here are some photos. This is only a small part of the project. The sidewalk  is 1.5km distance and 3 meters width. What we do is we change the old pedestrian walk and replace it with a new one which will be friendly to people with special needs, will not gather water when it rains and people could walk on a proper sidewalk. In one of the photos you can see that work is being done outside of a school. If we manage to get the requested funding or at least a good portion of it I will keep you guys updated here and in steemit,

https://i.imgsafe.org/3dc2499d4e.jpg

https://i.imgsafe.org/3deaa89c4e.jpg

https://i.imgsafe.org/3debeb7f7e.jpg

https://i.imgsafe.org/3ded9b09c9.jpg

https://i.imgsafe.org/3def8e6780.jpg

https://i.imgsafe.org/3df0b1be7b.jpg

Announcing the first Loan via bitshares. “CONSTRUCTION” token.

My brother in law is a civil engineer in Ioannina city – Greece. He has recently undertaken the reconstruction of a pedestrian road in his city due to be completed within 14 - 15 months. Unfortunately the way the Greek system works is that he has to pay first from his own pocket, complete portions of the construction and then he gets paid by the municipality of Ioannina city. This has cash flow implications. In addition the Greek banks do not lend anymore any loans, even in this case that he is guaranteed to get paid by the municipality of Ioannina. The funding for the completion of the construction is secured throughout the duration of the project from the annual budgeted municipal expenses.

The approved budget for the project is 150,000 euros. Due to the cash flow difficulties mentioned above we have created in bitshares the “CONSTRUCTION” token. Max targeted amount to be raised is $10,000.

You can purchase “CONSTRUCTION” until 15th October at the price $1 each. After this date “CONSTRUCTION” tokens will not be available for sale.

https://bitshares.openledger.info/#/market/CONSTRUCTION_USD

I will be managing the “CONSTRUCTION” funding and will buyback  all the sold tokens as per the below schedule.
Date           % of sold tokens bought back                Buy Back price
1-Jan-17                                   2%                                             1.02
1-Feb-17                            2%                                             1.02
1-Mar-17                           2%                                             1.02
1-Apr-17                                   2%                                             1.02
1-May-17                           2%                                             1.03
1-Jun-17                                   2%                                             1.03
1-Jul-17                                   2%                                             1.03
1-Aug-17                           2%                                             1.04
1-Sep-17                                   2%                                             1.04
1-Oct-17                                   2%                                             1.04
1-Nov-17                           2%                                             1.05
1-Dec-17                                   2%                                             1.05
1-Jan-18                                 76%                                             1.11

I understand that some people may want to exit their investment earlier so on the basis of first come first served they may be able to exit earning smaller return on their investment. It goes without saying, if there is no demand to buy back earlier the tokens, any remaining tokens each month will move to the buy back order of next month. Some people may exit earlier earning 2%-5% but those who exit upon expiry of the term will receive 11% on their investment. If during the project, there is no cash flow issue anymore, we will buy back all the tokens at $1.11 on an earlier date and repay the full loan.

I understand that this is based purely on trust and that I will repay the loan. As most people know, I am a long term bitshares investor from the very beginning and I do not intend to scam anyone and hurt my reputation.

This should be considered a secure investment of your bitusd with high return up to 11%. Your support will be greatly appreciated!

Please let me know if you have any questions or anything is unclear.

Thank you very much
mf-tzo

By the way guys I re opened a bitshares discussion thread in steemit.

https://steemit.com/bitshares/@mf-tzo/bitshares-price-discussion-v2

In the previous thread in steemit I was just talking to my self..lol..I know that many of you may feel that steem stole bts thunder, bts shareholders where again left behind and much more...but I want you to know that any gains from steem posts discussing bts will go straight to buying and holding more bts, so your support is appreciated!

I also believe that even if bitshares forum thread is not so active as it used to be, there are still a lot of long term bitshares holders (and actually more than in the past) that still believe in bts even if they don't post often anymore. I am actually starting to believe that the less people post the more the value of the token rises...

Use testnet for testing. http://testnet.bitshares.eu/#/

Just show your reply. Thank you very much!