First off, I think you really need to take a few hours to relax.
Secondly,
There are many other assets out there asking for people to put their money in with little to less information, esp regarding company relations.
Third,
You are correct. BitFunder makes no claims or suggestions that users BTC holdings or shares have no real world value should the need arise to be questioned for/by users.
Furthermore, BitFunder makes no assertions, or suggestions that any holdings therein are purely virtual within a contained "virtual economic ecosystem" with no tie-in to anything tangible.
Any agreement of real world tangibility is at the sole agreement between any issuer and it's members.
BitFunder makes no definitive claims to being a mediator, arbitrator, or enforcer of these direct agreements.
Fourth,
Not sure that I poked fun as much as questioned it. To my understanding your current ToS is outdated. "Bits" and all that. You have not wanted to fix it for 3 months now.
I think far more people make fun of BitFunders.
Additionally,
When investing into anything that is pseudo-anonymous and unregulated online, you should always do your research, and check things out as best as you can.
Especially if they are claiming to be purely virtual to begin with, leaving little to no legal standing for any sort of recourse of action should it be needed.
No matter how hard you try, or what you check into, it is a gamble. You can only try your best.
As an operator, I try to keep an objective mind open about all assets. I will question the ones that sound funny to me, and look for what facts that can be determined.
I have my personal opinion on many assets. I can say I think X is a scam because of Y, or Z is a scam because they just over charge, or that Y is begging for money for
something I think will never take off. However, because I am an operator, that puts me in a very delicate position publicly. For this reason I try to keep those final thoughts
to myself, or to a few people who I may talk to privately about.
When it comes to BitFunder, I try to give everyone a fair chance. If they have something that has a possible chance of being worth investing in, regardless of if other people agree with it, think its overpriced, or whatever their personal opinions may be of it, it's worth letting them post it.
A good example would be if someone made a quick demo website, and said they wanted to post it for investments before launching, with no intentions to use the funds towards the website in question, no registered business, and asking for half a million dollars or more.
I would probably be highly wary of a possible scam, especially if the site required a registered entity to do its business and did not even have that ready.
While I might not outright deny such a high risk asset request, I would put special limitations on it.
In this case, since the funds are not required for the site to open, the income would remain frozen until the site fully launched, and proved it could do the things it claims.
This way users funds are at least protected to some extent, and a few minutes of work and some claims of what might happen in the future does not cost people tens, to
hundreds of thousands in losses if the business was to never get registered, had launch problems, the banks close accounts, or the guy simply gives up an disappears with the funds.
All this without a promise to pay back the funding, because it was meant to go right into pocket regardless of what happens.
I do not know of other exchanges that would enforce such a thing on the users behalf before allowing it to launch currently.
Then again, there are only 5 or so and I could be highly mistaken.
In the case of AMC, he has proven (to the best that can be at the moment) that he has purchased some equipment, and looking for investment into the possible earnings of the equipment.
He may have and offer other ideals and concepts in the future, but nothing is promised or guaranteed. Since the current equipment has already been purchased for the asset, who is anyone to question what prices he sets to be part of it? Sure, he could set a price higher than most might pay. This just means that most.. will not pay it. People have minds to decide their own personal risk factor. Do I agree with his pricing? Honestly, it is a matter of personal opinion. No different than peoples opinions of what price per share of Satoshi Dice or AsicMiner should traded at. As mentioned above, I think it's irreverent more so because it is my opinion.
A good many current day traded assets were funded based off of hopes and dreams of issuers. Some higher priced, some lower at their listing time.
Some who's dreams come true, some who's seen a horrible fate and may have even been able to at least get back some or all of their losses to look towards a new dream.
Final Thoughts:
Investors Beware. Always. Investing is a risk. Do not risk anything you can not afford to loose. Regardless of any documentations, or any other provided information.
Ukto, thanks for standing up a little for me, I will take over from here.
