Piper67 (OP)
Legendary
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Activity: 1106
Merit: 1001
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March 08, 2013, 05:53:21 PM |
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In order to achieve higher forum ranks, you need both activity points and merit points.
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cypherdoc
Legendary
Offline
Activity: 1764
Merit: 1002
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March 08, 2013, 06:09:01 PM |
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go baby, go!
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paraipan
In memoriam
Legendary
Offline
Activity: 924
Merit: 1004
Firstbits: 1pirata
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March 08, 2013, 06:18:38 PM |
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go baby, go!
+1  |
BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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March 08, 2013, 06:21:50 PM |
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No USA allowed.  |
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TraderTimm
Legendary
Offline
Activity: 2408
Merit: 1121
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March 08, 2013, 07:05:42 PM |
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No USA allowed. You can thank the US Financial Tyrants for that. Just one more reason to use bitcoin... |
fortitudinem multis - catenum regit omnia
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evoorhees
Legendary
Offline
Activity: 1008
Merit: 1021
Democracy is the original 51% attack
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March 08, 2013, 07:40:49 PM |
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No USA allowed. You can thank the US Financial Tyrants for that. Just one more reason to use bitcoin... Land of the Free! |
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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March 08, 2013, 07:41:29 PM
Last edit: March 09, 2013, 02:51:44 AM by Stephen Gornick |
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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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phelix
Legendary
Offline
Activity: 1708
Merit: 1019
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March 08, 2013, 08:02:21 PM |
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Raoul Duke
aka psy
Legendary
Offline
Activity: 1358
Merit: 1002
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March 08, 2013, 08:16:59 PM |
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Does it explode 40s after lift-off? |
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phelix
Legendary
Offline
Activity: 1708
Merit: 1019
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March 08, 2013, 09:14:06 PM |
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Does it explode 40s after lift-off? Dude! this is a Saturn V. Only vehicle ever to bring us to the moon. |
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hazek
Legendary
Offline
Activity: 1078
Merit: 1002
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March 09, 2013, 01:12:45 AM |
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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.  |
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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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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March 09, 2013, 01:50:33 AM |
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Let's help ukyo, MP, and burnside convince these big investors to put massive quantities of cash into the securities trading on their exchanges!
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Monero
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| "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
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Raoul Duke
aka psy
Legendary
Offline
Activity: 1358
Merit: 1002
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March 09, 2013, 01:53:03 AM |
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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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ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
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March 09, 2013, 02:40:26 AM |
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No USA allowed. ... but in this case Canada is allowed since it is not treated as the 51st state. |
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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March 09, 2013, 05:52:17 AM |
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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! |
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Monero
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| "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
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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March 09, 2013, 01:56:54 PM |
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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. 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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el_rlee
Legendary
Offline
Activity: 1600
Merit: 1014
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March 09, 2013, 02:35:44 PM |
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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)?
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01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
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March 09, 2013, 02:38:36 PM |
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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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el_rlee
Legendary
Offline
Activity: 1600
Merit: 1014
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March 09, 2013, 02:43:37 PM |
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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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matonis
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March 09, 2013, 03:14:06 PM |
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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. |
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