I think that might depend on where you live and what sorts of laws they currently have.

The OP is in Cyprus, and they are operating under the Cyprus law which allows what they are doing.

So this guy named Danny Brewster started a couple companies, which all failed, he went to cyprus for vacation and died, and now somebody is using his identity to start this bitcoin company?

Are there only 2 norwegians with that name, or only 2 norwegians with that name on linked-in?

Did you read the prospectus? That information is in there. It is also repeated a couple times in the past couple pages of this thread.

At the time of the IPO starting, TAT will look at each of the three exchanges and place shares proportional to the number bid at or above IPO price on each exchange. It looks like we are nowhere near overbidding for this, so he will just fill all the bids for the IPO price on each of the three exchanges. After that, if I understand correctly, he will place some number of shares on each exchange (like 100,000 or something) at the IPO price. As the shares are sold on each exchange, he will replenish the ask until the total number of bitcoins desired is raised or we get to the end of the IPO.

If you were not paying attention, the number on each exchange is determined by the number of shares bid on each exchange. So if you want more shares to be put on btct, all you have to do is put up more bids on btct. The power is in your hands (if you have the money).

If there is no ROI then it fails the good idea requirement.


Yeah, two hours is less than a couple days, so my statement is technically correct.

That 800,000 bids includes over 500,000 bids which are below the IPO price. When the IPO happens, the bids at or above 0.003 will be filled.

If you wonder why people would bid below the IPO price, consider that there will be several million shares sold when the IPO starts, but nobody knows whether the other millions of shares needed to complete the IPO will be sold, or how long that may take. If the sales slow down, some investors might want to get their money back instead of waiting for November to roll around and the IPO declared a failure. So I put in some bids below the IPO price because I can be more patient than those people.

As to why people use BitFunder, I use it for a few specific assets which I wanted to invest in and are not listed on other exchanges. For NEOBEE I will be using btct, I like them better since BitFunder does not have an API, they do not have a facility for voting, and they do not give emails when my orders are filled.

That's what happens when you bet so much of your capital on mining assets, mining will always trend toward lower profits.

I disagree with you analysis of RentalStarter. They just finished raising some new capital, and are in a good position to move on several more properties, plus the first couple properties they invested in are soon coming out of the rehab phase. Basically you are selling before they even finish their first property, it looks like you simply lack patience - that's not a quality I want in somebody managing an investment fund.

The securities board is located here: https://bitcointalk.org/index.php?board=78.0

If you are into loan/bond type investments, look at BTC-BOND (by Namworld) on BTCT, Ukyo.loan and Graet.loan on bitfunder.

If you are looking for stock type investments, there are plenty to look into, I would suggest: S.MPOE and S.MG on MPEX, BITVPS on BTCT, RentalStarter on BitFunder.

The new offering NEOBEE is opening up on a bunch of exchanges within the next couple days, they are an interesting developement (basically making a bitcoin based bank).

From this link he seems to be an idiot who has no idea what he is talking about. Is there any reason you have to believe anything he says?

Eastern Europe overthrew the communists, you don't think Western Europe would have kicked out the Nazis by now?

He is wrong about the current value of a bitcoin. He is comparing bitcoin store of value value to USD store of value value, without considering the differences between the two. The USD is a mature, inflationary currency, while bitcoins are a growing, deflationary currency. Why would anybody hold USD? They are not a good store of value, so people spend them as soon as they get them. Bitcoins on the other had are reasonably expected to go up in value, so using them as a store of value is what many people are doing.

He then goes on to talk about the "shark squad" AKA the Manipulator who is painting the tape and manipulating the price of bitocoins. his in depth analysis seems to have turned up two competing trading bots, not some sort of conspiracy. He also has no way of verifying that the several different actions are all being done by the same people. It might just have been somebody looking to get into bitcoins making the big buys which push the price up, and then the two trading bots fighting with each other after each movement.

US politicians use wars and international intervention as a smokescreen to drive public attention away from undesirable topics.

In the 90's, when President Bill Clinton was embroiled in domestic controversy regarding his relations with staffers, he launched air strikes against Serbia, putting foreign affairs into the news. Recently, as Obama has become embroiled in controversy over the spying on US citizens (and other domestic policies), he talked about air strikes against Syria, putting foreign affairs into the news.

Why go through all the pain and expenses of a foreign war when you can get the desired effect without actually doing anything? Maybe Obama is a genius and was just playing us the whole time, he never really wanted to bomb anybody? He has tricked the world into thinking he had plans to enter into another foreign war, but the maneuver was just a feint to move the public eye off his administration and onto somewhere about as far away as possible!

[/tinfoil hat]  

I first read about it in a blog (I think it was mentioned on "the Oil Drum"). After I learned about it, I set google news to include a section on bitcoin, so when news outlets run bitcoin stories I see them there too. Back in 2011 I mentioned bitcoins to my brother (he is into stuff like open source programming, he is the only one of my family or friends who used cryptography before I did), he said he had heard of it the previous year because somebody wanted him to invest in their ponzi scheme, and he never looked into it in much detail. Heh, I should go mention to him that bitcoins are up something like 1000% from when he first heard about them.

No, I mean do the xbond shares count toward the 9500 btc that need to be raised to get the project started?

Mining difficulty rose, so profits went down?

Does that include the pre-IPO shares like the ones traded for xbonds, or just the IPO sales?

Do you plan on issuing more shares anytime soon?

BitFunder being doomed to failure is not the same as expecting dividends to generally remain low, since there is not a direct correlation between Ukyo.Loan and the success of BitFunder. If BitFunder does poorly, then Ukyo.Loan will pay the minimum dividend. If BitFunder does well Ukyo.Loan may pay a higher dividend, but there is no guarantee.