Bitcoin Forum

Hello me and my friend had an idea to create a new type of asset in the counterparty platform, that would be denominated, or atleast much of it's value be stored in BITCOIN.


It would be a special kind of share/stock, and it would be named OMEGA STOX or OMEGA SHARES, depending on some more research to not violate any copyright.

It would be a special kind of share that would gain most of it's value from faucets , giveaway for work (more on this later) and other types of "wealth accumulation" tehniques.So basically it would NOT be a pump & dump share.

Here are my initial views:

• 100,000,000 million total share number, no inflation and not issuing more shares ever
• Share would gain it's value by making faucets give away shares for captcha (i`m looking for faucet owners who would set up an API between their site and the respective exchanges where it would be listed, they would each get 25,000-50,000 shares and would help distribute it amongs people
• It would be listed on major CounterParty asset exchanges just like Swarm and others
• Most of it's value will be held in Bitcoins because Bitcoin is the most reliable crypto currency so i find it stable to hold most of its value in this
• Investors/Donators would get initial shares, but I`ll make sure that it would be distributed proportionally, so that nobody would own too much of It. Me and my friend though that we would hold not more than 15 % in total, and the rest of it will be distributed in small increments to other people
• Until we distribute 85% of the shares to people we thought that we will set up our own faucet, where a little bit of work will be required to get some shares. It would be free, yet it would take a little bit of work, so that it should not be a free giveaway, and we thought that LATIUM signups would be perfect for this, so this way some of it's value would be  held in LATIUM aswell
• Basically think of this share as the S&P 500 of the crypto currencies, it would have a little bit of value in all major currencies and good investment currencies
• Investments will be done into casino shares (not gambling),faucets, loans, btc banks and mining companies

Here is an illustration how it would look like:

http://i61.tinypic.com/33cvlmv.png

RISKS:

The loss of initial investment, if the shares plummet.

I`m not a scammer but I can't guarantee that the market's would accept my share and that people would buy it, but i`ll do my best to advertise it and make it more "bullish" as it is possible.


FAQ:

    Q:Can you trust me?
    A: I hope you can, if you don't then please don't invest huge amounts, only that you can afford to lose

    Q: Will I pump and dump?
    A: No, I`ll hold my shares, and get my income from the dividents, which also the other shareholders will get too. I have no interest in pump&dump-ing because I would like this to be a long term investment. Also i`ll invest my own money here aswell, but first I would like to stabilize it.

    Q: What is the guartantee that others won't pump&dump?
    A: Nothing, but i`ll select the most trusted people I know and amongst you the donators (hopefully you wont betray your own investment) to be permaholders. Yes we will hold the majority of the shares, but we will never sell them, thats the point to find people that can be trusted to hold the risk

    Q: Is it fair to the other people, that only a limited people will hold the majority of shares?
    A: No, but it's irrelevant, as we will hold the most risk too, not just the reward, so if the shares plummet, we lose the most, if they raise, we win the most. It's risk analysis, and of course we will hold strongly to our shares, and wont panic and sell it if it drops 1 basis points, that would be irresponsible

Here you can donate to this project: http://coinfunder.com/project/omegashares-counterparty-asset
Donate BTC Directly to:  1PvxUt7qS4Kce8KZRC331o8DPXaBKcFjne

Proof that the address you are donating to is actually a counterparty address that will issue the stocks!

http://i58.tinypic.com/2rf7sw9.png

Of course any suggestions, critics, or tips are welcome. If you want to suggest some modification or implementation, we will consider your suggestion and would listen to it.

Your project needs a little more work to get investors at this point in my opinion.  My suggestion would be for you to invest in your fund first, place a certain amount of the fund with BTC into an escrow or place a commodity (gold/silver) into an escrow, then seek crowd-funding.

Offer buyers a way out for your fund, like a buy-back that's secured with BTC in either an escrow or multisig. You might want to sign up over at BTCjam so your identity can be verified. On your crowdfunding page, you want to be anonymous, which you will find to be a liability to your effort to raise investors, that's a large red flag. Is Jamie Dimon (CEO of JPMorgan Chase) anonymous?

Right now, you have no assets and you would be raising 1BTC a liability, so essentially you are offering a negative stockholder equity. You also state that you are "still working out the technical sides of it", get that part worked out now and start raising income for your fund.

You're also offering preferred stock (your crowdfunding) at the same time you're offering common shares (10 million shares) which is confusing. If .1 gets you 20k shares, then 200,000 shares is the maximum pool of preferred stock? You also say that no more than 50% will be owned by donators, this too adds confusion, because the math isn't working out on what you've stated, so you've left something out in your disclosure.  

Overall, your fund needs a lot more work, it's all fixable though, but requires more work on your part to secure investors.

Nice project I also search asset like this. I've already invest on xbtc asset, maybe you can follow their work with xbtc asset.

I agree with cloverme.

Not just me but everyone who invests would be anonymous, it would be a totally anonymous investment option.

Besides nobody said that you have to invest 1000 BTC in it, if everyone would just invest 10k satoshi into it, then we would get it running really fast. You can get 10k satoshi in 1 hours work so you dont risk really much. You can invest any amount you can tolerate to risk, its your decision guys.

Dont confuse it with preferred stocks, that is a different technical instrument. No it's all common stock, in the sense that all dividents are equal. What I mean there is that 0.1 gets 20k shares, that means that those guys get in total about 1 million shares, the rest will be distributed amonst faucet users, and/or can be bought at a lower than market price.

I will distribute them this way until I reach a 50 % ownership ratio, then i`ll sell the rest at a below market price or market price, until I reach about 15% with my friend.
Of course i wont push out all of it at once, it will be a gradual and rhytmic sale, to not distort the price. Because the maximum pool will be 10 million, yet at the beginning I will hold about 95% of it, so i have to sell it and distribute it slowly until I reach about 15%.

Also this mechanism will also prevent the stock to become a bubble,because if the price rises too fast and creates a bubble due to excess demand, i will quickly liquidate more shares from my pool and this will slow down the increase in price so that the supply could meet the demand.

It would be just like if I were the central bank of it, its just that i`ll manage it better than most CB do. This "monetary policy" as you call it, would ensure that the stock price is always stable and growing.

If the demand would fall , then i will increase the dividents.

I think its a very good monetary policy :)

I see... well your stages make more sense now, but I think you need to start it on your own to prove it out first.  Also, MLM has a very negative response to it, you might think about removing that. The securities sub-forum is littered with these kinds of plans. My suggestion would be to offer something that's backed by something. Like I said, reconsider your own anonymity and start small on your own to prove out your concept. Good luck with your project though.

How will you increase dividends, paying investors back with the funds they invested? Thats a ponzi scheme, and not good monetary policy. I also don't see how this would hold any value. "Share would gain it's value by making faucets give away shares for captcha", this makes no sense, this lowers the value of the shares, and doesn't give you any revenue. "Basically think of this share as the S&P 500 of the crypto currencies, it would have a little bit of value in all major currencies and good investment currencies" So this is supposed to be an asset that holds crypto-currencies... How are you going to purchase those crypto-currencies? No one will invest in this, your giving out 40% of the shares for free via faucets. Why would I want to invest in something your giving away for free? Your hiding your identity, and your posts make it appear that you don't know what your doing. Obvious scam, at best this is just incompetence.

You totally misuderstand me or you have no economic knowledge. First of all, dividents will be paid out from the issuer (me) until i reach a 15% level, after that trading and new capital that flushes in will hold it's value.

As people see the huge increase in demand they will buy it, but i wont let it go into a bubble phase because i will sell my shares to control the price.

Why would anybody invest in it if its given out for free? well because faucets would give out tiny amounts 50-100 or less, while with cash investors could buy more of it. Just like with bitcoin why would anyone give out this from faucets if you can buy it from exchanges ? You see my point.

Yes later on it could be integrated into faucets, so that ad revenue could be also paid or earned in my shares. It could take the role of a currency too.

 If X advertised wants to advertise his website on a faucet he can pay 200 shares to the faucet owner, and then he can give out 180 shares, and keep 20 for himself. It would be a complete money-flow cycle in the crypto economy and no share would be valueless.

Also if the price will rise, controlled (which it will) faucet owners, casinos and other online crypto websites could use it too, making it just like a currency but it will be a share basically.

I told you that i will invest my earnings from the phase III. sellout into faucet websites that are willing to do business with me, that will more than enough cover the divident costs.

You see it's all plannned carefully and well-thought, acusing me of being a scammer is just empty words, when i clearly explain here the entire business model.

PS: I`ve updated the model, so please check the picture in post 1, you will understand it better, sorry for previous picture I left out the most important fact which is, how would the stock gain value, now you know, it would gain from investments into: casino shares,faucets, loans, etc.

Even in the event you don't scam, this is a terrible investment. That is not a business plan, that's an image with a few lines going in different directions, you might want to spellcheck as well. This couldn't possibly be profitable for anyone investing BTC into it. Here's why (input whatever BTC # you want):
Investor 1 (1 BTC for 10%)
You give out 20% for free
You own 15% (for free)
Investor 2 (2 BTC for 20%)

So you raised 3 BTC total. You claim you will generate income from cloud mining, except that cloudmining is incredibly risky (PBMining, Hashie.co etc), as well as its not that profitable. Say you beat the odds and make 10% profit off of your cloudmining contracts, your investors still lose out, because while they funded 100% of the venture they only receive 30% of the payout (so cloudmining generates 3.3 BTC, the actual investors only receive 0.99 BTC). You also claim BTC Banks, please show me a BTC Bank, I have never heard of one, other than Coinlenders which was a scam. Loans that give interest... Interesting, so BTCJam, where the default rate is extremely high, and would be lucky to net a 10% gain over the year? Again, investors lose out. In order for investors to even ROI, you would need to generate over 300% returns.

Casino shares, which site are you talking about? CasinoBitco.in hasn't been profitable in months, the only other casino I can think of is Just-Dice, which anyone here can easily invest in on their own. Ad Revenue is a joke, look at the rates people pay (adbit.co) for faucets.


There is a huge difference between BTC faucets and giving out shares via faucets. A BTC faucet gives out coins by hosting advertisements, as well as accepting donations (in most cases), which generates the faucet owner a profit. When your giving out shares for free, all it does is dilute investors.

Also, thanks for sending me an awesome PM:
https://i.imgur.com/jB6FKOs.png (http://imgur.com/jB6FKOs)

If you could post some successful trades you have made over the past 5 years, it could add some credibility. Im a little confused on "wanting to run a bitcoin stock business". Also, it doesn't seem like your very serious about this if your "friend" has yet to introduce himself, your using a throwaway account, and you refuse to share anything about your identity.

I think you are just a troll. Do you even realize what you spell out?

You can't even put things in perspective. First of all, why would the investors need to be paid asap, a stock just like any other investment is a longer term investment. Dividents will be paid out weekly not every second,  and that "30%" that is lost would be lost over 6 months not suddenly.

I emphasized that PHASE 2 and 3 would take months!
IT IS NOT A GET RICH QUICK SCHEME!!!


So no fund would be lost, because i will adjust the supply according to demand. Meaning that with the rate that new people come into the business, by that rate i will give out new IPO's.

I wont just dilute the market with a billion shares/day, you are confusing me with the FED  :D

So let me say 1 last time, i`ve planned out everything very specifically, the price will have a steady (not bubble or not HYIP) increase. The price would not crash neither because i would increase the dividents if this would happen, or stimulate the demand with special methods!

You criticize me that you think i`m no good trader, but yet you live in fantasy world and think that shares should make 60%/second isn't it? Well tell me 1 single share in the universe that made that much ROI at that frequency!

You see, you are so obsessed with criticizing me that you fail to see my clear points.

INVESTMENTS:
-Casino shares ex: Ice Dice good give game to invest
-Loans: BTC jam
-Mining: maybe you have a point here (i`ll invest very tiny amounts of the portfolio here)
-Bank: none existing yet but i`ve seen that they will be one soon, i`ll be cautious here
-Other crypto currencies with stable price and good yield (NXT,Mastercoin,Bitshares,etc)

This is a highly risky venture, and thus the potential profits need to match the risk, and no I don't live in fantasy world. Im not a "Bitcoin to the moon!" believer either, its not hard to show some proof you are a decent trader since your claiming to have been a trader for over 5 years.

I see your points clearly, they are terrible. I've never heard of Ice-Dice, why anyone would want to trust their funds with an anonymous dice site is beyond me, dice.ninja, DiceBitco.in etc have all turned out to be scams. As I pointed out earlier, BTCJam is very prone to defaults, your more likely to lose money than make money. Banks, there are none, you would be looking at tops 1% a year if there were any. The coins you mentioned (NXT, Mastercoin, Bitshares) are not stable and do not have good yields.

Maybe you don't know how to read charts, but Mastercoin (http://coinmarketcap.com/currencies/mastercoin/) has been in a downtrend for over a year straight. NXT (http://coinmarketcap.com/currencies/nxt/) has been on a downtrend since June. Bitshares (http://coinmarketcap.com/currencies/bitshares-x/) has been on a downtrend ever since launch.

Indeed, that is why i would diversify, and invest just like if it were a portfolio in real life.

Have you heard about investment diversification?

It means that i dont put 95% of the funds in 1 investment, heck not even 10%.

I initially though about 3% or even lower, depending on how the investors would want it. So if one turns out to be a scam, we only lost 3%, thats managable.And since the others will make more than 3%, all risks will be covered in the reward.

BTCJam can easily give 0.5%/ week, so does any other loan out there, compound that and that could give 100%/ year - the dividents, it's not hyip but the numbers dont lie. Worst case 10-20%/year, i think its a really good investment.

Well then you forgot to do your homework, its not my fault that you haven't heard of them. Ice dice's owner is a respected member of this forum.

I know that BTCJam is prone to defaults, but i can calculate the risks and the probability of the defaults, by checking each loaner's background, and evaluating his competence.

Further more even if he defaults, i told you we will lose only 3%, but if he doesnt, we gain 20%. I think that is a good RISK/REWARD ratio.


Check it again please, NXT coin right now is in an weekly uptrend, right now it hit 6100 satoshi, i think its a really good investment, for the long term of course.

Mastercoin if you look closely has a very straight price line, its volatility is big, but the price doesnt have a trend, once new features are added there, an uptrend is very likely there.I wont invest in it right now, but it will be on a watchlist.

Bitshares is pegged to the USD, and as the rhetoric of the FED will hold it could be a good investment short term, but not a long term one, i would buy it at dips, and sell it at tops, its more a tradable currency rather than a investable one.

Add SuperNET to the list, they will soon finish new feature uppgrades, it could be the next hot crypto out there, I heard that they are working on a decentralized exchange and multiwallet bridge, it will be exciting.

Also Ethereum, and various other crypto currencies could skyrocket, I would even invest in those which make 300%/week, but only a small amount (~1%), to hedge against BTC's depreciation.

Im sorry, I didn't know it was that easy to make 300% a week, and 100% a year from your investment strategies  ::). Best of luck to you   ;)

I would not say its easy, because its not, but it can be done.

99% Of new crypto currencies are BS, but if you have a taste to find the other 1%, that can explode really fast making 300-500%/ week.

Of course like I said, I would only invest small amount 1% in each, because they are very volatile, and to diversify the risk.

But overall, it can be a nice investment.

I would not look for 300%/ week, i think even 2-3% (above the bitcoin depreciation %, so in total about 6%)  / week is already a success.

I was being sarcastic. 6% a week? Thats the equivalent of turning $100 into $2069.69 in a years time.

Well, if thats the case then yes. Many people became millionaires in the BTC bubble, so why can't I ride the altcoin bubbles and become millionaire together with my investors ?

Do you lack the faith in me or in the altcoins, because at this point I don't really understand what is your problem with my project.

EDIT: I`ve uploaded proof that the address is the official address of the stock and from here the stocks will be issued

Both. Expecting to make 20.69x your investment in a year is ridiculous.

Well then you must be a perma-bear. The bitcoin has made many people millionaires, average people, who just bought / mined it at the right time. So why can't I (with a record of trading experience) do the same if not better?

Only crappy bonds make you 2%/year, but this is Bitcoin we are talking about, the potential is much bigger.

Show me that you have enough XCP to even fund this asset.

After that, work to get more profit and revenue before you look for investors.

I dont, that is why I look for investors.

You're just going to go around in circles with them. There's also some sock-puppet activity happening in other threads like, "hey, have you heard of this?" from newbie accounts. This should probably be moved to the Gambling/HYIP subforum.

Have you even bothered to read post 1.

It has nothing to do with gambling, i`ve worked out specifically the details how the funds will be invested.

It's neither HYIP, it will return as much as it will return, I don't promise anything , I can't, the market will tell how much we will make.

I just suggested that a 200%/ year is not impossible, I didn't said that I guarantee that, because I can't.

You are just making fun of me my friend and our work, and don't give any factual arguments towards my project, you just like to spit empty words out of your mouth without basis.

Yes my investment carries a risk, I don't deny that, as all investments do, but to just say it's Gambling is just IGNORANCE!

You can also say the financial crash of 2008/09 made people millions. The majority of people have lost money with Bitcoin, the only people who have profited were the early whales who had tens of thousands of BTC's that they paid pennies for. Everyone that has bought BTC since last December has lost value (holders, not traders). Im not a perma-bear, I don't buy HYIP's, like your offering.

Your a fool if you think you can make 20.69x yearly. Im done with this thread, if anyone "invests" in this I lose faith in humanity  ::)

First, in your initial post, on the last line it says critics are welcome. I'm not trying to be critical, I'm trying to offer you some advice on what to do. I can appreciate what you're trying to setup, but you need to realize that we see these types of offerings all the time. You have no partnerships with your income stream, no data and no research.  The threads here are populated with income by faucet and casino bankrolls. You're new, so you may not know this, but most of the major gambling sites in the gambling thread up and stole either hundreds or thousands of BTC. Faucets die like goldfish in the desert as well. Have you researched about the rate at which people actually repay BTC loans? You really need to do your research is all that I'm trying to tell you.  Start pulling your faucets together, get your bankroll-gambling partnership setup, start loaning out some funds and collect on them or at least show what you expect the repayment rate to be on loans.  How will you trust and collect on people who you've made loans to?  You need data and you don't have any yet.  What you have is an idea and your hand out which we see all the time here in the threads.  The difference between people who get an investment and people who don't are: A) They invest in themselves. B) They have data to support their ideas. C) They have community support.  D) They provide their background/identity information.  Here's an example: http://storj.io/team.html

Second, you need to show what you've invested personally into your own system. You're trying to raise about (1 BTC) $270 through your crowdfund, you should be able to put that up yourself to kickstart your revenue system. Do that first, show some income, then come back after you've established some trust not only here, but outside of the forums. Yes, we understand risks and understand that you can't make promises of income. You've also gone back and edited your first post a few times, in there you said you had finance experience. If you want to gain some trust, you need to show the community you have something to contribute in kind and relay your experience.  No one is going to invest if you don't invest in yourself first.  Start small and grow it to something that you can then offer an opportunity on.

Come back once you have something built, you're too early to get investors at this point.

Very well, I`ll put some of my own capital into it, hopefully people will gain more trust then.

Although I think its good to be anonymous, this would be an anonymous "fund" , because in my view privacy is the NR.1 priority.
I won't request any info from the customers, they wont request info from me, as simple as that.

Look at the NXT based assets, completely anonymous yet they have 1m$ in it, and they are NOT scammers. The same way my asset would work, except that i`d be more innovative.

I think I was the first one to come up with this complex idea of investment, others were only investing in gambling sites or lottery.
This one is investing in diversified assets, with a good risk management, i think people should consider that as a great option.

I know that I have small trust because I`m a newbie, but clearly, people should invest in the "idea" not the "man". That is the other reason my I keep my anonymity, so that people to not confuse my identity with my project, we have to separate these 2 concepts.

Business is business and chit-chat talk on forums is that and its not identical.

This is the opposite of how any real investor invests. Ideas are cheap, the only thing that matters is if the person running the project is capable of successfully managing it. If you can't put $270 bucks into your own project, you have no business asking for other people's money.

And thats the opposite how crowdfunding works. There have been many crowdfunded ideas on both coinfounder and bitcoinstarter, so it's not the case.

Some guy asked 5 BTC for a new laptop and he raised funds for that, it's silly but people do waste money. Now instead of them wasting 5 BTC on some random guy's laptop, he could just have funded my idea which actually gave them profits and not lose them money.

Even if it would not be a succes (which I doubt strongly), what the more likely?

• Invest in my project, risk small amount (I only ask for 0.005 BTC now) and see what happens ? There is a good probability that you will gain profits

• Give 5 BTC to a random guy to buy his laptop and never see that money again.

So which one do you think has more risk or opportunity?

If a random guy can ask for any donation for any BS idea, then I can ask too for a very innovative business idea. So let's be fair here man.

Crowdfunding typically isn't an investment. From an investment standpoint, you invest in the management. A mediocre idea with good management is much better than a great idea with poor management. There is not a good probability you would make profits.

Bottom line is if you can't set aside $270 to start your own project, your clearly not a very good trader.

Well at the moment I dont have that much bitcoin funds allocated for it, I didnt bought bitcoin yet because the price was going down.

I think that was a pretty good trade.

But those who already got bitcoin and instead of selling it at a loss, could have tried their chances and gain their losses back with my investments.

Anyway, thanks for nothing, i`m locking this thread until I raise funds with other methods as I can't count on bitcointalk's community's support on this.