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Title: Crowdfunding on Bitcoin Post by: DGulari on June 04, 2014, 04:15:58 AM It looks like quite a few new companies are electing to follow MaidSafe and do an IPO by issuing their own shares through bitcoin/mastercoin system. If MaidSafe raised $6 million - how much can these new companies raise? Pretty interesting approach. I wonder if Wall street is getting scared of losing their monopoly on yet another banking function going over to cryptocurrencies.
Title: Re: Crowdfunding on Bitcoin Post by: Ron~Popeil on June 04, 2014, 04:39:48 AM It looks like quite a few new companies are electing to follow MaidSafe and do an IPO by issuing their own shares through bitcoin/mastercoin system. If MaidSafe raised $6 million - how much can these new companies raise? Pretty interesting approach. I wonder if Wall street is getting scared of losing their monopoly on yet another banking function going over to cryptocurrencies. This way is so much more democratic. The barriers to entry in the world stock markets make it tough to invest without some fund manager taking a cut. Title: Re: Crowdfunding on Bitcoin Post by: Swordsoffreedom on June 04, 2014, 04:44:33 AM I think that they would be concerned with their monopoly and declare investments in Bitcoin are non-compliant and Illegal in the United States
At least that's what I got from this thread about unregistered securities https://bitcointalk.org/index.php?topic=637879.msg7117206#msg7117206 Title: Re: Crowdfunding on Bitcoin Post by: Ron~Popeil on June 04, 2014, 04:47:37 AM I think that they would be concerned with their monopoly and declare investments in Bitcoin are non-compliant and Illegal in the United States At least that's what I got from this thread about unregistered securities https://bitcointalk.org/index.php?topic=637879.msg7117206#msg7117206 That is definitely a concern. The first thing they would do is seize investors funds then decide on whether or not something illegal actually occured. Title: Re: Crowdfunding on Bitcoin Post by: RawDog on June 04, 2014, 01:58:14 PM I think that they would be concerned with their monopoly and declare investments in Bitcoin are non-compliant and Illegal in the United States At least that's what I got from this thread about unregistered securities https://bitcointalk.org/index.php?topic=637879.msg7117206#msg7117206 That is definitely a concern. The first thing they would do is seize investors funds then decide on whether or not something illegal actually occured. This looks like a good direction for advanced uses of bitcoin. I can't believe these guys are pulling this off already. http://mastercointalk.org/index.php?topic=602.0 (http://mastercointalk.org/index.php?topic=602.0) What will bitcoin do next? Title: Re: Crowdfunding on Bitcoin Post by: SOAD on June 04, 2014, 02:08:27 PM Crowdfunding is great, but I hope scammers dont take advantage of it.
Title: Re: Crowdfunding on Bitcoin Post by: Ron~Popeil on June 05, 2014, 06:48:26 AM Crowdfunding is great, but I hope scammers dont take advantage of it. Scammers always come sniffing around when there is money to be made. Sad fact of life. Title: Re: Crowdfunding on Bitcoin Post by: racht202 on June 05, 2014, 12:49:44 PM Scammers will always be around, but hopefully bitcoin will be a safer approach.
Title: Re: Crowdfunding on Bitcoin Post by: Swordsoffreedom on June 06, 2014, 07:06:24 AM Scammers will always be around, but hopefully bitcoin will be a safer approach. Well it is caveat emperor Be careful and avoid all likely scams since Bitcoins in essence once sent are hard to retrieve it makes sense to be careful around investments. That said did see a crowdfunded miner on indiegogo not on bitcoin so I can see the future using both. Title: Re: Crowdfunding on Bitcoin Post by: Parazyd on June 06, 2014, 07:13:03 AM Some kind of escrow could be done with crowdfunding as well.
Title: Re: Crowdfunding on Bitcoin Post by: Ron~Popeil on June 06, 2014, 07:32:12 AM Scammers will always be around, but hopefully bitcoin will be a safer approach. Well it is caveat emperor Be careful and avoid all likely scams since Bitcoins in essence once sent are hard to retrieve it makes sense to be careful around investments. That said did see a crowdfunded miner on indiegogo not on bitcoin so I can see the future using both. Due diligence is a must. I spent days reading the scam accusations forum before I began investing. |