lol! Are these guys on drugs? hahahaha

[RawDog]

This is freaking hilarious.  Didn't it occur to these guys: http://www.coindesk.com/press-releases/chroma-fund-conducts-worlds-first-blockchain-ipo/ to talk to their lawyer before doing this? 

Why is it that they think the SEC is going to let them run around launching securities with no oversight?  lol.  It is hilarious that they see a need for small companies who have to use credit cards and bank loans but the big guys get to do IPOs to raise money from the public.  Don't they understand that the SEC isn't going to let just anyone (small guys) go and issue investment securities based upon a whimsical notion? 

YOU HAVE TO REGISTER THIS SHIT!!!

Might be the funniest Bitcoin project I've seen to date.  Look for the story next week that the SEC is shutting them down and both founders don't understand why they are in jail.  This is too good.

[mexxer-2]

Hmm skimmed through much of the article as I'm not much of a reading guy(although I read novels), but isn't the discussion here about Chromacoin, which being an alt should be placed in the appropriate section?

[mallard]

YOU HAVE TO REGISTER THIS SHIT!!!

Chroma.fund is working with the state of Oregon who have granted them permission to faciliate the sale of stocks and bonds issued by Oregon­-based companies to Oregon investors. Chroma.fund expects to launch nationwide next year.

[Guido]

what's a goin' on? slavetards!!! lol

[LiteCoinGuy]

Chroma.fund users invest with US dollars, but instead of receiving a paper stock certificate, users are instead issued a ChromaCoin — a tiny fraction of a single Bitcoin, worth less than a penny. This ChromaCoin serves as a counterfeit­-proof record of ownership of the stocks and bonds purchased on Chroma.fund.


= colored coin.

but i cant imagine they are allowed to do this legally atm.

[NorrisK]

It's just another colored coins, nothing special about it. And this'll be their story :
1. Everyone buy their colored coins & their IPO is huge success
2. More people interested, so it's price raising up
3. Everyone dump their coins to get huge profit
4. This colored coins dead

Seems to be the general way things go with any IPO in crypto land...

Besides NXT, which IPO is now traded way above the IPO price?

[RawDog]

what's a goin' on? slavetards!!! lol

You got that right!!!  Thanks for the shout out!

[RawDog]

YOU HAVE TO REGISTER THIS SHIT!!!

Chroma.fund is working with the state of Oregon who have granted them permission to faciliate the sale of stocks and bonds issued by Oregon­-based companies to Oregon investors. Chroma.fund expects to launch nationwide next year.

Wanna bet?  The SEC doesn't really care if some small time buffoon in the Oregon state government mistakenly represented some things which he is not authorized to do.  The SEC doesn't take a back seat to some moron in the state business department with a bachelors degree from Medford U.  

The SEC is going to crush these idiots like the cockroach they are.  If there is even a tiny bit of malfeasance - bye, bye birdie, they will end up in jail.  If the are squeaky clean, the Fed is still going to shut them down.  

You can't just go and issue unregistered securities - and there is a very good reason why.

This is all another colored coins fantasy.

[vm_mpn]

Another crypto:stocks bull...t incoming

[d3former]

They are in colorado i hear they have good drugs for everyone.

[pedrog]

So, it's like a Havelock Investments but with some new shiny software?

Better stay away then...

[~Bitcoin~]

It's just another colored coins, nothing special about it. And this'll be their story :
1. Everyone buy their colored coins & their IPO is huge success
2. More people interested, so it's price raising up
3. Everyone dump their coins to get huge profit
4. This colored coins dead

Nice say, that is exactly what gonna happen to this so called blockchain based fund raising orgnization. Quite a unique way to promote any alt coin. 

[GermanGiant]

So, it's like a Havelock Investments but with some new shiny software?

Better stay away then...

Is Havelock still running ?

[pedrog]

So, it's like a Havelock Investments but with some new shiny software?

Better stay away then...

Is Havelock still running ?

Yes, it is.

There's only one security that's actively traded, it's a difficulty derivative, all other securities turn out shit, like every security that has ever been created in bitcoinland.

[Betwrong]

“This movement will reshape the entire American economy.” -  said Marcus Estes, CEO and co­founder of Chroma.fund.

And that's a bold statement. 

[turvarya]

I like the idea of stock-blockchains/colored coins that represent stocks.
Still, it would be nice, if people who start such projects also would check their legal system.

[Guido]

what's a goin' on? slavetards!!! lol

You got that right!!!  Thanks for the shout out!

no probs
I enjoy your shows, very entertaining Rawdog
don't always agree with everything, but you're right more than wrong! and like I say you have good humour

[Mickeyb]

It's just another colored coins, nothing special about it. And this'll be their story :
1. Everyone buy their colored coins & their IPO is huge success
2. More people interested, so it's price raising up
3. Everyone dump their coins to get huge profit
4. This colored coins dead

Seems to be the general way things go with any IPO in crypto land...

Besides NXT, which IPO is now traded way above the IPO price?

Ethereum still trades at double amount of the IPO price!

[gogxmagog]

not on drugs, clever crooks though. they should take this chroma bs over to the securities section where all the other fail & aids scammy bogus ponzi games are located. this thing will fail miserably and take all the investors funds with it. (by investor i mean sucker)