Ever heard of SlayerS_Boxer?

Agreed. Just an excuse to sheer the sheep

Makes sense. I don't know much about BerkleyDB, but does it have good safeguards against corruption, such as using crc checks and transactional records?

This is a great point. Right now no, there is no sector filter - but I will definitely consider adding this soon since it's a great idea.

However, regarding Pirate: I have already filtered out all assets that are associated with his operations. If you want pirate exposure, you'll have to invest elsewhere. Nothing against him personally, it's just that I don't know or understand what he is doing.

This is a really good point. I plan to buy-back the shares with my own money though anyway if people want to sell to avoid panic liquidation. I'll try to keep a sizable personal reserve for this purpose, but naturally I don't have an infinite reserve for a real GLBSE catastrophe, such as a major crash event.

I'm hoping that liquidity improves as time goes on and therefore withdrawals will be less of a problem.

5/30/2012 - CONTRACT UPDATED PRIOR TO IPO such that dividends are automatically reinvested into the fund, which is how most hedge funds operate. This ensures the highest possible performance for investors, as well as making MOVETO.FUND a "set it and forget it" type of investment, where clients are not continually having to reinvest their own dividends. (It also has the side effect of making the paperwork easier for everyone, because investors that continually request new shares in order to reinvest their dividends would be very difficult for me to accommodate.)

Here is the final contract:

(0) Each IPO share represents a 1 BTC investment in the fund.
(1) The fund trades and invests solely in securities on the GLBSE.
(2) The maximum concentration in any given security is 20%.
(3) 80% of earnings are reinvested for fund growth, and 20% are paid out as fees to the fund operator. Fees are paid once a month on the first of the month.
(4) The fund operator will buy-back shares on the first of every month upon request to ensure liquidity for exiting MOVETO.FUND. Each share is valued at (1 / # shares) * fund_portfolio_value minus 1% to cover redemption expenses.
(5) New shares may be issued at any time at (1 / # shares) *
fund_portfolio_value price to ensure liquidity for entering MOVETO.FUND

I have notified Nefario of these changes so hopefully the IPO page will change shortly. Naturally after the first share is sold the contract cannot be modified, so I want to make sure I get it right. It's also possible Nefario will require that the IPO be postponed somewhat due this modification.

Either way, I will keep you posted. Take care.
-cyto

+1

This is something that worries me greatly... I have a lot of BTC in cold storage.

However, I have tested my wallet several times prior to doing the backups.

It's essentially random as to who wins if a lot of nodes are spending the same coins, which is why a prudent user of Bitcoin waits for at least one confirmation before considering a coin fully transferred.

You get what you pay for.

Maybe give btcbalance.net a nice big tip along with your improvement suggestions, and you'll get what you want.  

( btw I've used it, loved it, and tipped several times )

The only problem with BTC is that it's a bit difficult for non-technies to gain confidence in. Gold is easy: it's shiny. But try explaining even basic crypto to someone on the street - they won't get it.

Luckily, once enough people accept it, people will "just use it" without thinking, much like the USD continued to function when it was no longer backed by gold. But prior to critical mass, it's very difficult. I even have family members who are really interested in Bitcoin, but refuse to buy any until they "have the time to study and really understand it."

A couple updates today:

• Fixed another minor bug today.
• Nefario has approved the fund and it is now listed on the IPO page: https://www.glbse.com/ipo/104

This also concerns me... I hadn't heard of BIP 33 yet, thanks for the heads up.

BTW found it here.

+1

Bitcoin is the anti-Krugman.

I love how Krugman hates Bitcoin, but there's nothing he can do to stop it.

I can't wait for the likes of him to destroy the USD so the world will suddenly wake up and realize the value of ( and point of ) BTC...

I highly recommend Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals.

The problem most CMT's have in my experience is that they don't do rigorous statistical analysis of their methodology.

To be honest I rather like the current forum software... not perfect, but I've gotten used to it

Any time is a good time to get out of the fiat money system.

Damn... this game looks awesome, but I cannot play it.

I was hooked on Diablo II for years... wasted soooo much time playing it - was a total addict to the point that it negatively impacted my life.

I gave up games a few years ago so that my time is used now on productive things ( or social things), and I haven't missed gaming too much. I like programming my own games though

I'm probably not the right person ( since I haven't done web programming in years, and the last time was with ASP classic based on pre-.NET VB ), but I'm in love with python. If I ever did any web programming again, I'd try to see if there was a way to do it in python, or a python-based framework.

Boycott services that require identity verification!

Seriously.

Well, to the extent that it is practical.

I think Bitcoin would be increasing in value right now if there wasn't so much inflation.

I don't just mean via mining new coins, I mean the amount of lending that is going on creating a large amount of BTC denominated bonds. This is a very healthy sign though, as long as it doesn't get out of control.