The answer to this question is simple.  The only advantage in buying this fund over buying BTC straight is the ability to purchase in your tax shielded accounts.  Therefore, the logical explanation is that people are paying a premium to get exposure to tax free BTC gains.  If you believe the price is headed to $10,000, you would much rather purchase at $500 without tax liabilities than to purchase at $250 with tax liabilities.  That is the only logical explanation for the premium we are seeing.

Your feedback has been heard and soon TheAnalogKid will be updating the website with some new features as well as extending his promotion.  The new promotion will be less generous (50% refunds for the first 15 incorrect predictions and instant predictions will be excluded from the promotion) but there will be an emphasis on continuing a sustainable promotion long term going forward.  There will also be an added instant predictions section.  You will be able to check and see whether you are a winner as soon as your prediction transaction is included in a block.  Payouts will happen multiple times daily to save on transaction fees.  There is also a new free games section for those of you who may feel the 0.01 BTC minimum prediction is too high and the Keno game alone isn't exciting enough.  Keep your eye out for this update later today and thanks to those of you who have played so far!  Keep the feedback coming.

The winning prediction this week is: 2
https://blockchain.info/block-index/866021

There were 2 correct predictions with 0.08 BTC in winnings!
https://blockchain.info/tx/3c5544c144c9100997857105d65691821b4ab1ed5a3b10aaab1f0b6d648853d6

UPDATE:
I have signed off on the final mock-ups and the rounds have entered production.  I'm told to expect delivery by the end of the month.

Sorry, I haven't been ignoring you.  I wanted to wait until I received a new communication from the mint.  This morning they said that I should have the coins in 3 weeks.  That is a positive sign.  I've approved all the mock-ups and I don't think there's anything left to do at this point but wait.

What about a phase 1 or 2 escrow agent?   

The power cost is irrelevant.  The company manufacturing the devices wouldn't be paying the power, so as long as the product is worth it to run for the customer providing the power, it is a non-factor.  Your revenue expectation is way below anything we've seen historically.

I thought your arguments were good, but your numbers are way off.

My guess for what they could be up to is a TOR enabled router.  I think if they could squeeze 300GH/s @ <90 watts out of it, the devices would pay for themselves quickly (your assumed revenue seems low).  It could be marketed as some sort of security and privacy device, where the owner would think of the extra electricity costs they will be required to pay as a service charge of sorts.  Depending on the setup of the node, TOR users could get behind it in a big way, especially if 10% of the mined coins were donated to the TOR Project.  This would be much more likely to be adopted than a new water heater in my opinion.

No.  A deal can be reached through this forum very simply.  Just send me a PM.

EDIT: SOLD!

Sure, I can see them making rules to sell their shares at >400% markup instead of fair market price.  Whatever justifies ripping people off I guess.

I think choosing to let shares float at such overinflated prices as opposed to selling more shares to bring the price back in line means that insiders are cashing out before the great fall to fair value.  It also shows they lack faith in their ability to grow the fund honestly and make their $ from management fees, and instead are using the low volume and lack of able sellers to manipulate prices in order to cash out more than their shares are worth.  I would avoid this fund at all costs, and if COIN is operated in a similar manner, I would recommend avoiding that as well.

What would happen if it came out that the "stolen" mtgox coins are the very same coins that the DEA confiscated from Silk Road? Would the government have to pay back mtgox creditors for stealing and auctioning off their coins?

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I just wanted to say thank you for whoever put in this warning when getting PMs from newbies.  I've noticed an uptick in people trying to scam those accepting my escrow services by impersonating me and asking for BTC.  I believe this warning will stop those scammers dead in their tracks, and I just wanted to say thank you to whoever is responsible. 

I'll admit I have been a bit frustrated in the past by the lack of moderation when it comes to scammers, but this really is a great feature that I think will save people from losing their coins.  Thanks!

Just updating... This turned out to be a poor scam attempt as suspected. Always be careful and use a trusted escrow agent.

I'd happily provide escrow for this. An equipment sale this big using an unproven escrow is a big red flag. Granted I don't know who the escrow agent is he suggested, but please be careful.

I would say that the operator is the most important part.  If you're sending BTC to any address and you don't know who owns the address or their reputation, you are begging to never see your coins again.

It doesn't do much for the fund owner's reputation that they are allowing this overvalued trading to happen.  They should dump every share they can at above market price and use the excess funds to increase the holdings of the fund.  The fact they are instead slowly leaking shares on the market at a huge inflated price makes it seem like they're taking advantage of ignorant investors to make a few bucks.  I'll wait for COIN before throwing my $ down the rabbit hole.  GBTC is clearly not a good investment option.

Thanks.  It seems that a more frequent prediction option is something that is wanted by most, and I will see about making that happen soon.



It could offer higher odds, for example, instead of paying out 10:1 for a correct single character predictions, it could pay out 12:1.  It doesn't seem like this is the stumbling block for potential users though as it seems people would prefer more promotions over higher odds.



There are no withdrawals or deposits or accounts of any kind on the site, only placing predictions, and the prediction amount is 0.01 BTC, not 1 BTC.  I don't mind how the name Nasty makes me sound either.  My reputation is not a concern I have.  Addressing your question though, this isn't OgKeno because it is a game run on behalf of NastyFans, not myself.  If I was hosting the site and keeping the profits, maybe OgKeno would be appropriate, but I am not doing either.

Agreed. Since a deal has been reached though, it is in his court to deliver and prove otherwise.

These are no longer for sale. I'll let everyone know if OP delivers.

These are no longer for sale. I'll let everyone know how the purchase went.