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1144
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Economy / Securities / Re: [HAVELOCK] Crypto Currency (CFIG) Official Thread
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on: August 15, 2013, 05:39:21 PM
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If I'm following correctly, one of your main services is offering bank accounts with freely interchangeable USD/BTC balances, with a floating exchange rate at the time of sale/withdrawal based on the order books from partner exchanges/trade aggregators.  This looks great, but the big $10m "  " surrounding CFIG's square is the key to this whole thing being real or being nothing. A couple of reasonably intelligent people could whip together a business plan like this in two weeks, but unless the " " is real, you're just selling an idea for $3m. Does Havelock at least know the name of the bank you're partnered with? |
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1145
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Economy / Securities / Re: [HAVELOCK] Crypto Currency (CFIG) Official Thread
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on: August 15, 2013, 02:07:13 PM
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$3m vs This. A thousand times, this. People reading this thread now have to dig through 8 pages of posts, trying to find out what " " equals, and they won't find an answer. They'll just find 8 pages of other people trying to find out the value of " " and 8 pages of CFIG dancing around the answer. It just looks like "$3m vs our totally sweet idea" at this point, and we all know the value of ideas. When a company wants to list with Havelock, the basics are we review the business plan and confirm the identities of the operator(s). Keep in mind we are not guaranteeing any listing on Havelock will be a successful enterprise and that everyone should invest. It's up to each person to do their own due diligence as well, and if you are not comfortable then do not invest.
Nobody's expecting a guarantee of success, but we also don't want to see " Warning: Havelock does not remove likely scams" at the top of every asset page. What did you guys see that everyone else missed? What's worth $12m besides their fabulous ideas? |
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1146
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Economy / Securities / Re: [HAVELOCK] Crypto Currency (CFIG) Official Thread
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on: August 14, 2013, 02:35:27 PM
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We are looking grow Havelock and add more funds, but only quality funds. This is why we perform due diligence on every applicant.
Well, maybe: The Labcoin passthru will be maintained and operated by Havelock Investments. Havelock Investments has not performed any due diligence on the underlying asset and individuals involved in managing Labcoin.
Every time people read something like that, the shine on your name grows a bit duller. would like for it to not get to the point that BTCT is at.
I'd like that too! Unless you want to open a WeExchange account, or have floating withdrawal limits put on your money, Havelock is the only sensible choice for trading. A couple of poorly-planned or poorly-executed funds biting the dust could change all that. VERY curious to know what deciding factors led to CFIG being listed. |
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1149
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Economy / Goods / Re: [9/10][US GROUP BUY] Casascius 1oz Silver Bitcoin Rounds (2013)
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on: August 14, 2013, 03:47:51 AM
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Umm... College you say? May I join you? I'm doing this "real world" thing and college is a lot more fun!
I'm a 2nd year finance and accounting student and I do not take it as a joke. Seriously grow up if you're trying to make jokes against someone who is trying to get a degree and hopefully a masters one day in business. The joke he was making is that life sucks once you graduate college. It wasn't at your expense. |
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1150
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Economy / Securities / Re: [HAVELOCK] Crypto Currency (CFIG) Official Thread
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on: August 14, 2013, 02:45:24 AM
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I think it's important to note that they are looking to raise 3 million dollars of funds. Meaning that if Bitcoin's price were to spike then they could have a successful IPO much faster than you think, despite not selling all of the shares. (They might be anticipating this)
If that's their plan, that's SO MUCH WORSE. I dunno, man. I hate to say it, but does anyone else get the feeling lately that Havelock is becoming more interested in the quantity of funds than the quality? |
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1152
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Economy / Collectibles / Re: New Bitcoin COLD HARD CASH by the makers of New Liberty Dollar
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on: August 14, 2013, 01:15:27 AM
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We have had some requests for purchasing some of the first strike pieces made for the marketing phase. Typically we have reserved these to be awarded to those that are assisting in the project development. Some few have already been committed for this, and there will be more needed for that.
We recognize that we have done precious few sales through the BitCoinTalk forum, and have not engaged in any auctions through this site. So if you are interested in getting one of these early released pieces, and would be willing to help us test this process out by doing so through an auction here, let us know and we will work to arrange an auction swiftly.
Sounds interesting to me! |
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1153
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Economy / Securities / Re: [HAVELOCK] Crypto Currency (CFIG) Official Thread
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on: August 14, 2013, 01:05:33 AM
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The funds raised are not set as an all or nothing IPO sell. It will help us determine our fee structure. The more we can raise by offering this IPO the lower we will be able to keep the cost of our fees and allow for greater access to our product and services. At the current rate of purchase, you're on track to sell ~38,000 IPO shares by 2013-08-31. Granted, it's pretty early on, but I don't think anyone believes even the first tranche of shares will sell. If the first tranche of shares fails to sell out, what are your plans? It seems like the plan is to subsidize fees with the IPO shares. Will a lackluster IPO result in unattractively high fees? If the IPO is a success, how long will fees be subsidized? It doesn't sound very forward-thinking to be spending IPO money on waiving service fees. |
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1156
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Economy / Securities / Re: SEC Charges Bitcoin Savings and Trust (BTCST) as Ponzi Scheme
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on: August 13, 2013, 01:10:37 PM
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I used to work with a brilliant programmer who once mentioned that he had never read a book cover-to-cover. Very intelligent, very well written; self-made man, huge house, etc. Didn't like to read.
Some people just don't read books.
Not even a programming book? Not cover-to-cover.  (EDIT: besides, who reads programming books? Just google it!) |
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1157
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Economy / Securities / Re: SEC Charges Bitcoin Savings and Trust (BTCST) as Ponzi Scheme
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on: August 13, 2013, 01:03:52 PM
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80% of Americans did not buy or read a book this year
70% of American adults have NOT been in a bookstore in the last five years
58% of American adults have never read a book after high-school
Sigh. Now no joy that lacks salt that is not dashed with pain. And what % of Americans have had their shoes shined this year? Maybe people are reading electronic media. I haven't bought a CD in about 15 years (or even patronized iTunes for that matter). Doesn't mean I forgot how to listen to music. I used to work with a brilliant programmer who once mentioned that he had never read a book cover-to-cover. Very intelligent, very well written; self-made man, huge house, etc. Didn't like to read. Some people just don't read books. |
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1158
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Economy / Securities / Re: [HAVELOCK] Crypto Currency (CFIG) Official Thread
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on: August 12, 2013, 10:19:46 PM
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It's difficult to resist the temptation to guess which bank this effort is springing out from. There's one in particular I think that stands out, but I don't want to spoil anything for those behind this effort. On the other hand, it would make quite an epic "I told you so" afterwards, so here's the SHA256 of my guess so I can return later and tell you all "I told you so": 4077551e3b5f3b040b3015bd521109e5101450047eb43f8f1865744e103c0d8d.  Quoted for posterity! Always enjoyed magic shows  |
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