Bitcoin Forum

Hi all,

You might know me from several projects like

Smidge.Com - a virtual, actively managed, multi-asset digital currency fund
http://www.smidge.com
https://bitcointalk.org/index.php?topic=259772

DCX - The Digital Currency Index Project
http://dcx.smidge.com/
https://bitcointalk.org/index.php?topic=267351

Ukyo asked me to put up a poll for the community to vote about a listing of the "Smidge.Com A" fund, that has been up and running publicly for a few weeks now. We have received great investor trust and feedback on it so far, increasing the fund volume by more than ten-fold, showing strong performance by beating the market aswell as other funds. You can read all the information and answers to most of the basic questions in the thread listed above.

Please make sure to check out the latest Weekly Updates:
https://bitcointalk.org/index.php?topic=259772.msg2863491#msg2863491
https://bitcointalk.org/index.php?topic=259772.msg2818051#msg2818051

The aim is to take the fund to new heights by raising new capital and applying the strategies listed in the business plan, with the primary focus on increasing shareholder value. As you can see, I have been investing a lot of time and effort into the projects until now, showing great results. There has been some great community feedback on it aswell.

We (Smidge.Com and our private shareholders) count on your vote to make this IPO happen and have Smidge.Com A shares be traded publicly. Other exchanges to follow.

• Please avoid posting questions that have already been answered in the official thread
• Please note that the current sale of private shares will be halted shortly before IPO
• Poll will be closed Friday, Aug 9th

Thank you! I am looking forward to the next steps of this journey!

Cheers,
Smidge

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EDIT: There seems to be some confusion (again) about the fund vs. the index... see below.

DCX and Smidge.Com A (re-post from Smidge.Com thread)

I would like to clarify that Smidge.Com A is not an ETF on the DCX index and does not map or try to map its performance in any way.

• DCX (http://dcx.smidge.com) is a reference index that displays the performance of the securities with the highest market cap, to provide an indication of "The Market" for the BTC community
• Smidge.Com A (http://www.smidge.com) is a fund that I actively manage myself, that invests into a broad range of securities and aims to beat "The Market"

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Btw, "beating the market" is just a sales pitch word used by everyone. If it were that simple than everyone would be beating the market.

Sounds interesting. Will be watching and following.

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What's the IPO price and date/time? I might be interested. Will 100% of IPO funds be used for investing?

Hi drawingthesun,

Planned IPO date is coming Saturday, Aug 10th.

100% of all IPO funds will go into investments. As with the private shares currently being sold with no fees whatsoever, 100% of your capital goes to work immediately, meaning your coins generate ROI the moment you acquire the shares.

If there are no reasons posted for "No" votes, we could aswell count them as "Yes" 8)

Seriously, please post your doubts and/or questions if you have any. I'd be happy to answer them.

1) Your plan is to also trade altcoins (or altcoin denominated assets like CIPHERMINE) - how big exposure risk do you have in mind?

2) Do you plan any kind of "insuring" against the LTC/BTC volatility?

3) What will be the IPO price (related to NAV/U)?

4) Do you use 2FA?

5) Why are you holding BFMINES?

6) Do you view mining operations in general as being BTC denominated, fiat denominated or a mix of the two?

7) Why have you personally decided to do this?

8 ) How will you know when you have met your personal goal of why you are doing this?

(I copied some of the questions from other threads)

I'd like to see this listed.

On a side note, what the fuck is with all the "reserved" posts? What are you reserving for...

Hi Progressive,

Thx for your questions. A lot of this has been answered in https://bitcointalk.org/index.php?topic=259772 but here goes:


Yes. The plan is currently not to expose the fund to more than 15% in those assets. I know where you are coming from though, Ciphermine was a big deal for a small fund. The long term potential and the management team are outstanding. But as we move forward, it's share will dilute to a point where it's tolerable for everyone.


It depends on the exposure to LTC, which is expected to be rather low in the long term and the fund's size. I cannot answer with yes or no at this point.


This is currently being discussed, but we are aiming for at least +50% of the pre-IPO price.


Yes, of course. And before you ask, there is also a dead man switch in case I decide to go to the bar, have a cold etc.


I'll be honest with you: The position's size is 0.19 BTC and it hasn't found a buyer yet, at the price I listed it :)


Usually, they are a mix of the two or at least exposed to fiat. Reason being that they often have to procure assets in fiat.


Because my passions are markets, economics, new trends, investing, IT, plus I have a technical and sales background. It's the perfect storm for me.


I cannot really give you a time or event, because I have new ideas and projects all the time. The individual journeys are the reward.


Sure, thanks for asking.

Thanks for the answers.

Why did you buy BFMINES in the first place?


Also thanks for the DCX, I'm adding the value to my spreadsheet now. How do you calculate the CIPHERMINE value? Do you use current LTC/BTC rate from BTC-E, or average, or what?

Smidge, I would prefer you do not list on BitFunder. Please consider Havelock or BTC-TC, which both have trading API's. Also, WeExchange sucks—6 confirmations, no 2FA required on withdrawals, & no address book.

I would also prefer BTC-TC.

The Security will most likely available on bitfunder & btct at the same time.

This poll is about Bitfunder only. More info will be released soon.

Voting is locked, IPO preparation underway. Thank you for participating!

More info/further updates in the main thread:
https://bitcointalk.org/index.php?topic=259772