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Now your 401k can invest in bitcoins, retirement funds, every wall street trader... this is opening floodgates.
Oh interesting. I mentioned bitcoin to my retirement fund manager in January, and she looked at me like I was crazy (of course she'd never heard of it). A lot has happened since then. So I wonder if I asked her now if she'd be all over it? I know you can hold physical gold in roth wouldn't it be possible to hold Bitcoin? Not yet however if you can get the IRS to accept the premise and someone starts a trustee which handles physical Bitcoins in a manner similar to Bullion in theory it is possible. I don't want to get to off topic, but what if you setup an IRA LLC? |
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Now your 401k can invest in bitcoins, retirement funds, every wall street trader... this is opening floodgates.
Oh interesting. I mentioned bitcoin to my retirement fund manager in January, and she looked at me like I was crazy (of course she'd never heard of it). A lot has happened since then. So I wonder if I asked her now if she'd be all over it? I know you can hold physical gold in roth wouldn't it be possible to hold Bitcoin? |
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Also known as how do you exit an illiquid market without destroying the price...
I don't think so, this is very expensive and time consuming way to sell their position. It would be much cheaper and easier to arrange a series of private deals. |
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If the IPO is for 1 million shares to raise $20 million and from the S-1: The Shares are intended to offer investors an opportunity to participate in the Bitcoins markets through an investment in securities. On the first day of trading, each Share in the initial Baskets was comprised of [0.20] Bitcoins. This puts their estimated fair value of Bitcoin at $100, correct? 100.45 |
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Mytche
It is great to see generosity like this. I will certainly pay if forward in Tips if I get some.
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I am not sure about the feasability of something like this, but what about working with "weexchange" so that people can move money in and out of bitfunder with relative ease and not having to wait for confirmations? I like to park coins there inbetween my investing and would love to add about 30 more to the 20 or so I already have there, but I also want to have them readily available on bitfunder incase I see some cheap AM shares or something else that catches my eye. Just a suggestion, although if the whole point of this venture is that you dont want people moving their coins in and out very often(in order to keep a balance to lend) then this idea may not be smart. But still thought I would suggest as it may bring in a hoard of new funds where people can park coins for some time.
Just wait for Inputs.io  intriguing tease |
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I've been considering the motion to include more high quality mining assets. Of course we will stay away from PMBs. But the language of the motion will need to be correct to make sure of this.
I think the number one thing that helps mining assets maintain there value is the inclusion of some kind of reinvestment or growth.
Give me your thoughts on a motion to remove the clause "where the equipment is owned by shareholders" and instead use "where the asset includes a growth/reinvestment fund for the purchase of new equipment on an ongoing basis."
I want to get the wording correct. Let me know what you think.
With the recent inflows of BTC, I agree that we have reached a point where MININGCO.ETF should expand the definition of its asset class. I would like to make sure that this amendment would still exclude an issue that only has preorders and is paying dividends from shareholder equity. Or one that only uses credit (secondary IPOs) to purchase new equipment. maybe "Only actively mining assets that allocate mining revenues to pay dividends and reinvest in new equipment on an ongoing basis." Note: I do like HIM as a choice (discloser I own some HIM) Cheers |
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<Self congratulation>MiningCo.ETF now has over 200 shares outstanding. We broke BTC1 NAV per share which means we got our two bagger.</congratulations> <acknowledgment of congratulations> Thank you for your hard work on this! I have a few of the IPO level shares as well a number more I purchased over the recent weeks.</acknowledgement of congratulations> |
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Carnth, have you considered Havelock's HIM fund lately? While it is referred to as a "fund", it operates more or less like Cognitive and bASIC-mining, although I suppose technically based on the prospectus the equipment is owned by Havelock Investments and not the fund's unitholders, so perhaps it does not meet MiningCo's selection criteria. (I will say though, that in bitcoinland it seems that proven trustworthiness and transparency are more valuable than apparent legal "rights".)
HIM has 1.8TH in BFL Singles on pre-order (plus 5 ASICminer blades operating currently), with the first pre-orders dating to the first week they were available, so with Singles starting to ship the dividends should start rising significantly, potentially quite soon. The manager, James Grant (lightbox here on bitcointalk), puts out monthly income statements and quarterly financials, and generally seems to run a pretty tight ship. There has been a downward price correction in the last few days, which may make this a good opportunity for MiningCo to buy in.
(Disclosure: I own units of HIM... that said, I have a larger position in MiningCo).
I have been watching the HIM fund and tend to agree that it seems well run and should be competitive to our other issues. The fundamentals are there, but I do have 2 small concerns due to the way it is structured. 1. I don't really like the way it does the management fee, 15% of mining revenue instead of issuing himself shares during the IPO. (It really just means that you need to look at 85% of hashing when doing per share calculations.) 2. The lack of shareholder quorum on issues. (There are no obvious bad decisions that were made, but I would like it more if stock splits and equipment choices were at least discussed) |
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Yes you can Done.
You now need to enter the CAPTCHA *or* 2FA.
Any way to enable 2FA as a dumb phone user? I'd love to have this feature, but I don't have a smart phone. We'd have to do that through SMS, and that would be a bit of a pain to set up. You could save this http://gauth.apps.gbraad.nl/ locally to your computer through. Fair enough. Do you know if an iPod Touch would work? I've been thinking of getting one for a while now. I've got a Google Voice account so I could use it as a phone where ever there is a WiFi connection. Yes you can use it on an iPod Touch. |
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The sheer amount of calories that usagi has spent trying to re-list is impressive.
I look forward to some of those calories being spent on increasing shareholder value in the near future.
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Auction schilling is just dumb and bad business. I don't think I want to know how much it happens do I?
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As with most assets people are buying future earning potential. Most (excluding PMBs) have plans to increase yields. Some of them have quite a few BTC and other assets that increase the price and thus lower yields.
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We'll see this on Pawn Stars in the next 12 months.
Nice. This made me picture watching Chumlee try to drive it! |
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Results are looking promising so far this month. Very interesting to see this full statistical breakdown. Thanks OP.
I'm not OP. I'm just squatting in his thread. hehe I think adverse possession may apply by now. Either way thanks for all the effort! |
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The price of bitcoin is actually depressed right now because of the the funds leaving the bitcoin economy due to the mining arms race that is going on. If you want to keep the price of bitcoin high I would suggest promoting companies that try to keep profits in bitcoin and encourage their own suppliers to use them.
Note that even though is arms race is depressing the price of bitcoin it is greatly increasing its value and should be reflected in the price sooner or later.
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Damn, this is cool! Can it shoot shells out, even blank ones?  They had a 50 cal. in there for shows and just because it is fun. But we took it out for sale. |
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