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1821  Economy / Securities / Re: [HAVELOCK] (Seedcoin SF2) Global Coin FX - UK HQ Virtual Currency Exchange on: May 01, 2014, 10:45:00 PM
Kind regards,
NotLambchop.

Hi. Plz use internationally recommended Bitcoin IPO standard "Warm Regards". If you are trying to comply with the *other* RFC, then a mere "Kind Regard" will do.
1822  Economy / Securities / Re: [HAVELOCK] (Seedcoin SF2) Global Coin FX - UK HQ Virtual Currency Exchange on: May 01, 2014, 07:22:42 PM
...we believe each startup we have selected is a promising company in its own right.

A trading engine that matches bids and asks...  What's not to love?

I've heard their 2.0 engine will also match aids and basks.
1823  Economy / Securities / Re: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] on: April 30, 2014, 11:14:16 PM
shut up Romanian freak.

I think that such a direct, frontal attack on someone that may not even be controlling the account (depends on how much you believe in crackpot theories) is overstepping your bounds and jurisdiction. Regardless of how you or I may personally feel, I think this steps firmly over the line from "they see me trollin'" straight to outrightly bigoted Internet bullying. Shame on you.
1824  Economy / Securities / Re: [HAVELOCK] Seedcoin Fund 2 IPO April 28 on: April 30, 2014, 11:07:02 PM
Amazing Company Huh

<assbot> AMAZING COMPANY!
1825  Economy / Securities / Re: [HAVELOCK] Mintspare (MS) Bitcoin Electronic Trade-in Service - Official Thread on: April 30, 2014, 07:29:26 AM
As we mentioned before we don't sell those units of the Fund that we currently own. We have not been provided any financial report by the company as of today. We have distributed funds after the IPO based on expenses. The company did not need additional funding since then.

So what's the point in having the shares if you're not selling them? Are you hoping to cash in on a sale of the company at some point in the future? Why not just have 0.5% (or whatever) of the company allocated in the event of a sale as part of the listing agreement?
1826  Economy / Securities / Re: [Crypto Currency Management IPO] Official Thread on: April 30, 2014, 07:27:13 AM
Your not willing to show financial reports when your not paying a dividend for over a month from now?

Lets see if your still around May 11th  Grin

We are confident that we'll be around for the next few years.

So were mtgox and Neo&Bee.

Do you have any specific concerns or questions about the content that we've laid out and posted? I'd be more than happy to answer those.

I think AcoinL.L.C's quoted post speaks to the specific concerns and question(s).
1827  Other / Archival / Re: [XCP] IPO announcement. DunneCapital LTD - UK bitcoin exchange on: April 29, 2014, 02:57:06 PM
https://i.imgur.com/iHuoRSr.png
Incognito mode, same result.

@pascal257 - he's right, just tried it from Google South Africa. I've also never visited their site.


To the point, though, BitcoinBourse is endemic of a long string of failures and garbage "businesses".

Nearly a year ago I tried Markus' Bitcoin "debit card". Here is my review: https://bitcointalk.org/index.php?topic=213832.msg2705402#msg2705402

It basically consists of a TransCash debit card with massive limits on it, and then you "buy coupons" on the site and they load the EUR into the card for you. It's not automated, it's not seamless, and they aren't even issuing the cards. You can confirm it is the same outfit by checking the whois data on thebitcoincard.co.uk and bitcointocard.com.

Fast forward to now. The website (thebitcoincard.co.uk) has been suspended for non-payment and is about to expire, so anyone who actually bought a debit card from them is now stuck with no way to reload it. He's probably in very deep water for issuing cards to non-Europeans (I'm in South Africa, after all). And yet for this complete non-entity that works poorly (if at all) and may be contravening the agreements they have with TransCash, they're asking for 675 Bitcoin in "investment".

OP: nobody is "working with the forum moderators" or anything quite so conspiratorial. Rather, I would say that if it has a provably unsettling history a principle applies - "if it looks like a scamduck, swims like a scamduck, and quacks like a scamduck, then it's a scamduck."
1828  Economy / Securities / Re: [HAVELOCK] (Seedcoin SF2) TagPesa Limited - Exchange & Remittance service on: April 29, 2014, 02:38:52 PM
Forgot to add that most investors weren't very impressed by what happened with Seedcoin I

I believe that Seedcoin Fund I investors are waiting for tangible results from the crypto startups we have invested into. As I explained before startup investment is not mining and therefore building these startups will take time before return is produced. SFI startup teams are busy at working, developing, expanding. The SFI entrepreneurs, to my knowledge, are satisfied with our assistance. We are building tools to communicate more frequently and efficiently with the investors and will create SFI startup specific threads where investors can hear directly from the startup teams their latest developments like MexBT partnerships with AlphaPoint, a leader in crypto exchange development and Astropay (one of the major companies in Latin America enabling international ecommerce websites to accept local payments in local currency) or Hive for OS X v1.2 release...
The simple truth is we are busy working on helping each startup becoming a success story and we are confident the results will start showing soon.


The thing you quoted was actually a link. The blue text should have given it away. Here it is in case of struggling-to-operate-computer syndrome:

http://bitcoin-betting-guide.com/james-cannings-blog/seedcoin-fund-i-update-no-gocoin-what-next/
1829  Economy / Securities / Re: [HAVELOCK] (Seedcoin SF2) TagPesa Limited - Exchange & Remittance service on: April 29, 2014, 11:47:06 AM
Good responses, it shows a lot more depth to this than has been made available.

I hope this goes well and you get the funding SeedCoin are raising. Based on the responses I do think you have a shot at success in your endeavour and I hope it works out for you guys:)
1830  Economy / Securities / Re: Why do investors demand personal info when offering securities is against US LAW on: April 29, 2014, 06:08:50 AM
I'm an investor with plenty to invest.

But nearly every single thing out there is garbage.  So almost nothing touches my money.  Even if it looks mildly legitimate, I probably won't put a dime into it.  For me to want to put money in it I have to be convinced that the risk of scam & getting goxxed is very low while site profitability makes sense on both the investors/owners ends.

So short story is, your question is kind of ridiculous.  Bitcoin is fairly high risk. Investing in a bitcoin company is higher risk.  If you are ok with that, then go ahead and put it in the best place, if you aren't, then don't.  The market will naturally mature in the mean time if its meant to or it will decay.  The larger profitability and risk will be present in the earlier markets.

1. We'll probably be talking soon, then.

2. Call it ridiculous if you want, but if you've already invested into bitcoin - maybe investing into something that potentially  increases your bitcoins is not such a bad idea (in theory)

Sorry but I have zero interest in investing in anything mining.  I just came in to comment and offer advice.  I'm already committed to the things I am interested in with a loose eye for other things out there but they have to be really good to win me over (again, which this idea is not).

If I was interested in mining, I would just do it myself.  Total profit share + total control of the coins.  But that isn't the case for me at all.

Spot on. I've been saying this for a while, but with few exceptions (eg. ASICMINER) mining is only profitable from a fiat perspective. Also, any savvy investor who wanted to "get in" to mining would just partner up with (or even employee) a domain expert. They wouldn't throw Bitcoin at randoms on the Internet.
1831  Economy / Securities / Re: [Crypto Currency Management IPO] Official Thread on: April 29, 2014, 06:03:52 AM
Your not willing to show financial reports when your not paying a dividend for over a month from now?

Lets see if your still around May 11th  Grin

We are confident that we'll be around for the next few years.

So were mtgox and Neo&Bee.
1832  Economy / Securities / Re: Why do investors demand personal info when offering securities is against US LAW on: April 28, 2014, 08:49:39 PM
1. We'll probably be talking soon, then.

2. Call it ridiculous if you want, but if you've already invested into bitcoin - maybe investing into something that potentially  increases your bitcoins is not such a bad idea (in theory)

*IF* you can find a Bitcoin business (going back to my blog post from today) that will increase your Bitcoins, then it's an awesome deal.

The reality is that for a "Bitcoin business" to truly be a "Bitcoin business" they need to have very few fiat overheads. 99.9% of the businesses that think they're "Bitcoin businesses" really aren't. The investors would do better off (from a fiat perspective) just holding their coins, and they wouldn't run the risk of losing them through goxxing/ineptitude/etc.
1833  Economy / Securities / Re: Why do investors demand personal info when offering securities is against US LAW on: April 28, 2014, 06:56:31 PM
I'll be honest with you:

I'm not an investor; i am someone looking for investment. But if i were an investor, I would place it in the following:

1) The Project in question. Will it make money? Is it a great idea?

2) The project's management. Will they get it done?

For me it is a more of a percentage game than anything else.

That attitude changes after a couple of bad investments or after observing the large number of outright scams and inept management teams here.
1834  Economy / Securities / Re: Why do investors demand personal info when offering securities is against US LAW on: April 28, 2014, 06:55:01 PM
This has been bugging me to no end.

Investors require personal information of the business during IPO.. If the business is in the US, then it is already breaking the SEC laws. Do investors know this?

Yes. Which is why investing in bitcoin stocks is so shitty.

You only have two options:

A. Invest in anonymous company which will run away with the coins.

Or

B. Invest in company with names and wait for the SEC to shut them down.

And then after you choose one of these options, you are betting that the stock gives a greater return than if you just held BTC, which historically has not been the case for many.

This really only leaves opportunity for day-traders, or for potential s-c-c-c-cammers.

I disagree. I think there's also scope for:

- Investors who are short on Bitcoin
- Investors looking to diversify their cryptocurrency holdings
- Fiat investors who don't want to hold crypto, but want to invest in Bitcoin-based or Bitcoin-involved businesses
- Fiat investors who don't care about crypto, want to invest in a company, and are happy to to use Bitcoin as a medium of exchange when investing and when earning dividends
1835  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MRO Monero trading thread and OTC xchg (bid 21.2 ask 25 last 25) on: April 28, 2014, 06:20:29 PM
Couldn't reach a deal, trade not executed and his sell order is still open.
1836  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MRO Monero trading thread and OTC xchg (bid 21.2 ask 25 last 25) on: April 28, 2014, 06:00:38 PM
WTS 5000 MNR @ 0.000450 = 2.25 BTC

FINALLY. A proper altcoin that isn't a cheap knock-off of an existing cryptocurrency...and it has a fair launch unlike its parent. Everyone in this thread will forever be known as its early adopters:)

Too high, man...I'll consider it at 0.000350. I'm on IRC on Freenode, catch me there or here.
1837  Economy / Securities / Re: Why do investors demand personal info when offering securities is against US LAW on: April 28, 2014, 05:22:00 PM
I've been thinking about exiting for a long time now Smiley But where to?

Depends on your situation...if you have the ability to move and start something then European countries that are pro-English are good, as is Hong Kong, Australia, and South Africa. If you have to move and work first, then it depends on the education and skillset you have and where you can find work:)
1838  Economy / Securities / Re: [HAVELOCK] (Seedcoin SF2) TagPesa Limited - Exchange & Remittance service on: April 28, 2014, 05:09:19 PM
Forgot to add that most investors weren't very impressed by what happened with Seedcoin I
1839  Economy / Securities / Re: Why do investors demand personal info when offering securities is against US LAW on: April 28, 2014, 04:59:51 PM
This has been bugging me to no end.

Investors require personal information of the business during IPO.. If the business is in the US, then it is already breaking the SEC laws. Do investors know this?

Many of us aren't in the US. Those that are in the US are seeking ways of compliance with the SEC laws.

I wrote a blog post on this to answer your question.

I read your blog post. That doesn't answer the question regarding the laws in the US.

It answers the question you asked in the title of this post regarding why investors demand personal info. We aren't breaking the law demanding that information, and we aren't responsible for SEC compliance on their behalf. Which is why there's (thankfully) plenty of non-US businesses to invest in:)

If you're in the US, you may want to consider joining all the bright people that are getting out.
1840  Economy / Securities / Re: Bitnews on HI on: April 28, 2014, 04:52:32 PM
This is, by far, the most confusing of the Seedcoin II "offerings".

You have no defined revenue streams except for "paid membership". You briefly mention advertising in one breath, and in another you say "the mainstream media receives a large part of its revenues from advertising fees paid by other highly centralized industries." You seem to want to create some sort of libertarian news movement...but then you cap your pitch off with "This material is meant for professional investment advisors, high net-worth individuals and sophisticated investors only." I can't decide if this is insulting or farcical.

There's also this: "[the media's] coverage of decentralization initiatives is rarely fair or balanced" - this hasn't been true for ages, most especially recently with all the news coverage as a direct result of the global rise in privacy concerns. But don't worry, you guys are going to be an "independent crowd-powered news channel focusing on decentralised technologies" - ok......"such as Crypto Currencies, P2P Energy Grids, Urban Farming, Direct Democracy, 3D Printing, Decentralized Internet, Mesh Networks" - dat decentralised 3D printing, yo.

For this you want 250 BTC, just on $125k at present value and 100 BTC more than TagPesa wants (who at least has a vaguely feasible idea for an actual product), with vague hand-waving promises of revenue and no details about what you need that insanely large amount of money for. Oh, except "reaching out to new viewers via targeted advertising on specialist websites"...and "attending and reporting from relevant meet-ups, conferences & expos around the world." So investors are paying for you to advertise on your buddies' websites and then take a paid-for vacation???

You have not demonstrated the ability to produce any material of worth. I'd be more inclined to throw money at CryptoCoinsNews - they've actually shown the ability to produce content despite having a group of mostly uneducated reporters (including a surprisingly lucid 15 year old).

Also, we live in a world where blogs, Reddit, and Twitter are the way people consume news (even IRC is experiencing a grand reawakening), so the people most active in those communities are the news makers and the news breakers. Producing a weekly show is very 2007. And don't forget, for all your libertarian callings, you've made no mention about how you'll disseminate that show without centralised, controlled services like, you know, YouTube.
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