A Decentralized Fund

[vegafund]

Hi my name is George, I’m developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.

[Zwarg]

Do you not think it is a bit risky to run a fund on Etherum when there are known issues with it?
Are you going to back it up with off chain assets in case of a DAO situation?

[shinratensei_]

Hi my name is George, I’m developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.

You mean about the decentralized fund project based on the ethereum network? I think you must make your own announcement thread and try to start your discussion in there. this is not the correct place for you to promote your ico.
But there is once already similar with you.
Too many the decentralized shit in this day. 

[shinratensei_]

Do you not think it is a bit risky to run a fund on Etherum when there are known issues with it?
Are you going to back it up with off chain assets in case of a DAO situation?

So the dao is the ether's fault?
too many the project already run a fund on the ether and it looks like there is no specific problem was appearing at least after the Casper PoS announcement has released.
You mean fork?

[coin-investor]

Hi my name is George, I’m developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.

You can create a pre ann for your new soon to be launch coin,but I prefer it not on Ethereum because of the bugs I read that are popping up,might be better if you are not going to make it an ico coin,fund it yourself or get big whales to help you but not hold an ico,ico are total mess now.

[bbc.reporter]

There are good points about Ethereum that were said in the thread. But you still chose to start your fund in the platform. Is it because it is where you think you can organize a more successful funding round? Or do you think Ethereum has a technological edge over the other platforms like NXT or XEM for your use case? Please explain why.

[vegafund]

Do you not think it is a bit risky to run a fund on Etherum when there are known issues with it?
Are you going to back it up with off chain assets in case of a DAO situation?

Like someone else in this thread has already mentioned, the Ethereum fund blowup in July wasn’t Ethereum’s fault as a platform, it was the fund itself that had major security issues.
That being said, yes it’s risky in the sense that there will always be security issues, but ideally we can take advantage of the failure of those before us and learn + build from their experience.

[vegafund]

Hi my name is George, I’m developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.

You mean about the decentralized fund project based on the ethereum network? I think you must make your own announcement thread and try to start your discussion in there. this is not the correct place for you to promote your ico.
But there is once already similar with you.
Too many the decentralized shit in this day. 

This thread was not intended to be a promotion for any token, coin, ICO, or anything of the sort. We’re purely looking for feedback on our concept and are seeking to get the communities opinion on our planned solutions to what we see as the causes of failure of similar projects in the past.

Since you say there’s too much decentralized shit in this day, can you elaborate on why you don’t like decentralization in this context?

[vegafund]

Hi my name is George, I’m developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.

You can create a pre ann for your new soon to be launch coin,but I prefer it not on Ethereum because of the bugs I read that are popping up,might be better if you are not going to make it an ico coin,fund it yourself or get big whales to help you but not hold an ico,ico are total mess now.

Like stated above, this post wasn’t meant to be a coin/ICO promotion.

As far as Ethereum as a platform for this sort of thing goes - what bugs are you concerned about that are inherent to the platform? Also, why do you think ICO’s are a mess right now?
Part of the reason we’ve chosen to use the Ethereum platform because of its relatively widespread adoption and user base, but we certainly don’t think it’s perfect on a technical level. 

[Munti]

Hi my name is George, I’m developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.

You can create a pre ann for your new soon to be launch coin,but I prefer it not on Ethereum because of the bugs I read that are popping up,might be better if you are not going to make it an ico coin,fund it yourself or get big whales to help you but not hold an ico,ico are total mess now.

Like stated above, this post wasn’t meant to be a coin/ICO promotion.

As far as Ethereum as a platform for this sort of thing goes - what bugs are you concerned about that are inherent to the platform? Also, why do you think ICO’s are a mess right now?
Part of the reason we’ve chosen to use the Ethereum platform because of its relatively widespread adoption and user base, but we certainly don’t think it’s perfect on a technical level. 

You are perfectly aware that Etherum has it's technicall flaws, and you are still going to ask people to entrust their money to you on this platform???

[vegafund]

We acknowledge that there are certain vulnerabilities in the platform, however many of those risks can be minimized, we are focused on making a platform that individuals could opt to change as a part of a plan to minimize risk.

[bbc.reporter]

We acknowledge that there are certain vulnerabilities in the platform, however many of those risks can be minimized, we are focused on making a platform that individuals could opt to change as a part of a plan to minimize risk.

How do you plan to minimize those risks? Are you open to let the experts do a peer review on your code before releasing it? Because if you want to start a fund that operates outside of any governmental audit and inspection you should let the community itself be the one responsible in making sure your fund is not a scam.

It would also help to tell us who you are and what your qualifications are in running a fund and why you think we should invest in it.

You also have not my answer from the previous post. I will quote it below.

There are good points about Ethereum that were said in the thread. But you still chose to start your fund in the platform. Is it because it is where you think you can organize a more successful funding round? Or do you think Ethereum has a technological edge over the other platforms like NXT or XEM for your use case? Please explain why.

[vegafund]

The biggest risk we see is security, which, in this context, obviously has historical precedence as an issue. We plan on minimizing security risks by providing a funding base for individual developers through our main platform that operates in the same fashion as our larger project-funding platform. The DAO was warned long before it was exploited of the vulnerability, but the team failed to act. With this system, which is crowd-directed like the rest of the fund, users can propose and fund a solution to security problems as they’re identified. This will allow solutions to be implemented as soon as possible.

We are absolutely open to having experts peer review our code before we release it. We are willing to take any steps necessary to ensure potential users of the legitimacy of the project.

As for your previous post, we’ve chosen Ethereum because of the higher level of adoption and familiarity among a much larger group of people than NXT and XEM. Also, we believe that because of the way the fund as well as the token will operate, Ethereum is the most logical platform. Like stated previously in this thread, the historical issue with this idea on the Ethereum platform wasn’t inherently an Ethereum issue, but an issue in the execution of the idea itself.

[topesis]

All these Newbie account popping up and creating one fund or the other looking for people to give them money to invest for them.

I will like you to answer this question

What experience do you have to manage investor's fund
How would you proof you can be trusted since you are a Newbie here

[BitcoinNational]

The Decentralized Fund is UNO.
Base pair.  trade direct for XMR, WAVES, KOMODO, ETC, LTC, DOGE, BBR, EXP, STRAT, and +100 more.
Inflation rate of less than 1 coin per day, pulling 500TH/s for $1.43

[adhitthana]

Hi my name is George, I’m developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.

1.What is the purpose of the fund?
2.What will it contain?
3.What will be done with it's contents?

[vegafund]

All these Newbie account popping up and creating one fund or the other looking for people to give them money to invest for them.

I will like you to answer this question

What experience do you have to manage investor's fund
How would you proof you can be trusted since you are a Newbie here

When you say 'Newbie account' or say that I'm a 'Newbie' here, I assume you mean on this forum. Neither myself or my team working on this project are new to this space. We've been interested and involved in these markets for a long time. As for trust, we understand that trust is something that needs to be built over time. Reputation takes years to create and a second to destroy, and we will take all necessary steps to ensure trust. What we've done on this front so far is give people as wide open of access to our personal identities as founders that we feel necessary to create a solid relationship with the community.

When it comes to experience managing investor's money, because the fund's investment decisions will be client-directed, the product we're trying to create and sell isn't so much our reputation as money managers as it is a platform for people to make their own decisions with.

That being said, to ensure that the way we set up the fund and its general trading/investment operations are solid we've brought on a former equity derivatives trader as an official advisor, and we also have the help of some unofficial advisors who come from similar backgrounds such as Mortgage Backed Security, currency, and commodity trading. These advisors provide invaluable insights into the way business and investing should be conducted in this space.

[maku]

All these Newbie account popping up and creating one fund or the other looking for people to give them money to invest for them.

I will like you to answer this question

What experience do you have to manage investor's fund
How would you proof you can be trusted since you are a Newbie here

Don't be biased and judge him because of his rank. I've met many bitcointalk newbies who were brilliant and intelligent individuals with great ideas.
Would it be more reassuring that he had a hero account? Definitely not for me. Just read what he is talking about and judge that information by yourself.

The only things that matter:

- What this project is all about, what is the innovation here?
- Do we see competent, experienced people working on it?
- What is the purpose of the fund, what it will bring for us, possible investors?
- Do we have clear and honest relation with the community?

[vegafund]

Hi my name is George, I’m developing a decentralized fund on Ethereum called Vega Fund. We are new and are looking for people that may be interested in early involvement. We are looking for community feedback and would like this to be an area for people to ask questions. If your interested in talking directly or joining our conversation on slack, please just give me a message and we can talk.

1.What is the purpose of the fund?
2.What will it contain?
3.What will be done with it's contents?

1. There are two main purposes for the fund:
          a) To allow individual investors the opportunity to have an impact in the ICO market without having to sacrifice diversity of risk. To expand on this, often times investors in this market don't have enough money to both make a significant impact on the project they're trying to help fund and also diversify their holdings, forcing a choice between impact and diversification.
          b) To provide a single large funding base for projects and individual developers in this space.
2. The holdings of the fund, initially, will be wholly comprised of tokens issued through pre-ICO sale or ICO of Ethereum-based products. In the future, the fund may expand to provide funding for things in the broader cryptocurrency/blockchain markets.
3. This will be up to the clients of the fund, but ideally clients would vote to fund projects at an early stage with the intention of either realizing a return at some point down the road or creating a sustained funding relationship with a certain project.

[Joint Force]

Ethereum was a flop. Have you heard of RChain? It's said to be the holy grail.