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Author Topic: 2013-03-08 Forbes/Matonis First Bitcoin Hedge Fund Announced  (Read 4609 times)
Piper67
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March 08, 2013, 05:53:21 PM
 #1

http://www.forbes.com/sites/jonmatonis/2013/03/08/first-bitcoin-hedge-fund-launches-from-malta/

Oh yeah!
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March 08, 2013, 06:09:01 PM
 #2

go baby, go!
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March 08, 2013, 06:18:38 PM
 #3

go baby, go!

+1  Cool

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March 08, 2013, 06:21:50 PM
 #4

No USA allowed.    Shocked

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TraderTimm
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March 08, 2013, 07:05:42 PM
 #5

No USA allowed.    Shocked

You can thank the US Financial Tyrants for that. Just one more reason to use bitcoin...

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March 08, 2013, 07:40:49 PM
 #6

No USA allowed.    Shocked

You can thank the US Financial Tyrants for that. Just one more reason to use bitcoin...

Land of the Free!
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WILL PAID LOAN!


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March 08, 2013, 07:41:29 PM
 #7

I can just picture some Wall Street veteran hedgie reading this article and seeing all the steps needed to protect a bitcoin investment and then after looking up how Shamir's Secret Sharing scheme works thinking that maybe March 2013 would be a good month to enter retirement before it gets just too complicated.

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nmc:id/phelix


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March 08, 2013, 08:02:21 PM
 #8


blockchained.com ■ bitcointalk top posts
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March 08, 2013, 08:16:59 PM
 #9


Does it explode 40s after lift-off?

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March 08, 2013, 09:14:06 PM
 #10


Dude! this is a Saturn V. Only vehicle ever to bring us to the moon.

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March 09, 2013, 01:12:45 AM
 #11

I can just picture some Wall Street veteran hedgie reading this article and seeing all the steps needed to protect a bitcoin investment and then after looking up how Shamir's Secret Sharing Service works thinking that maybe March 2013 would be a good month to enter retirement before it gets just too complicated.

Hahahaha man that cracked me up.  Cheesy

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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March 09, 2013, 01:50:33 AM
 #12

Let's help ukyo, MP, and burnside convince these big investors to put massive quantities of cash into the securities trading on their exchanges!

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
Raoul Duke
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March 09, 2013, 01:53:03 AM
 #13

Let's help ukyo, MP, and burnside convince these big investors to put massive quantities of cash into the securities trading on their exchanges!

Regulated hedge fund investing on fly-by-night illegal securities exchanges? Right...

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March 09, 2013, 02:40:26 AM
 #14

No USA allowed.    Shocked

... but in this case Canada is allowed since it is not treated as the 51st state.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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March 09, 2013, 05:52:17 AM
 #15

Let's help ukyo, MP, and burnside convince these big investors to put massive quantities of cash into the securities trading on their exchanges!

Regulated hedge fund investing on fly-by-night illegal securities exchanges? Right...

It's only illegal when you get caught and don't pay the lawyer caste their massive due sum...

Let us act as if we are free, and expect the rest of the world to follow our example.

That is the gift of Satoshi!

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
cbeast
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Let's talk governance, lipstick, and pigs.


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March 09, 2013, 01:56:54 PM
 #16

I can just picture some Wall Street veteran hedgie reading this article and seeing all the steps needed to protect a bitcoin investment and then after looking up how Shamir's Secret Sharing Service works thinking that maybe March 2013 would be a good month to enter retirement before it gets just too complicated.

Hahahaha man that cracked me up.  Cheesy
The timing is auspicious. Bitcoin could hasten the end of crony capitalism as the rats jump off the burning ship and Bitcoin becomes a pro tip for the flying monkey right.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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March 09, 2013, 02:35:44 PM
 #17

Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
01BTC10
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March 09, 2013, 02:38:36 PM
 #18

Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They will act as a regulated, intuitive and safe proxy for rich investors to buy bitcoins. Bought bitcoins will be stored in a TrueCrypt container.
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March 09, 2013, 02:43:37 PM
 #19

Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They will act as a regulated, intuitive and safe proxy for rich investors to buy bitcoins. Bought bitcoins will be stored in a TrueCrypt container.

Okay - hence the 100k$ min. That's for setting up all the secure storage things etc... What's the 3.2M then?
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March 09, 2013, 03:14:06 PM
 #20

Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it...
Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?

They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.

Founding Director, Bitcoin Foundation
I also cover the bitcoin economy for Forbes, American Banker, PaymentsSource, and CoinDesk.
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