superresistant
Legendary
 Offline
Activity: 2142
Merit: 1130
|
 |
December 31, 2014, 01:53:49 PM |
|
|
|
|
|
|
|
Davyd05
|
|
December 31, 2014, 01:54:36 PM |
|
5th amendment  to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove |
|
|
|
|
gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
|
|
December 31, 2014, 01:55:45 PM |
|
Whoa there. A ponzi is a pyramid scheme created by a malefactor.
A pyramid scheme is any scheme in which early adopters profit only if new money keeps coming in. I don't think you want to argue that Bitcoin's price can grow without influx of new money - bitcoin doesn't produce anything other than more bitcoins and heat.
I have already explained why a rational player would invest in a pyramid scheme (buy BTC at the auction), but I'll do it again:
1. Buy BTC below market at auction.
2. Sell on exchanges at market.
3. Profit.
Ok, I understood your point. But, who says that new monies won't come in and people won't profit anymore? BTC is still in development mode and has a lot to capture...  |
|
|
|
|
klee
Legendary
Offline
Activity: 1498
Merit: 1000
|
|
December 31, 2014, 01:56:25 PM |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? |
|
|
|
|
|
Davyd05
|
|
December 31, 2014, 01:57:04 PM |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. |
|
|
|
|
klee
Legendary
Offline
Activity: 1498
Merit: 1000
|
|
December 31, 2014, 01:58:04 PM |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street |
|
|
|
|
BitAddict
Legendary
Offline
Activity: 1190
Merit: 1001
|
|
December 31, 2014, 01:59:16 PM |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street If you read in the main sec.gov COIN page: Filing Date 2014-12-31 Accepted
2014-12-30 21:10:03Documents 14 So, I guess it is already accepted and they will work now to launch it. |
|
|
|
|
klee
Legendary
Offline
Activity: 1498
Merit: 1000
|
|
December 31, 2014, 02:00:00 PM |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street If you read in the main sec.gov COIN page: Filing Date 2014-12-31 Accepted
2014-12-30 21:10:03Documents 14 So, I guess it is already accepted and nearly ready to launch. Hore Shet meme |
|
|
|
|
ChartBuddy
Legendary
 Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
December 31, 2014, 02:00:17 PM |
|
|
|
|
|
|
jl2012
Legendary
Offline
Activity: 1792
Merit: 1097
|
|
December 31, 2014, 02:02:34 PM |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street If you read in the main sec.gov COIN page: Filing Date 2014-12-31 Accepted
2014-12-30 21:10:03Documents 14 So, I guess it is already accepted and they will work now to launch it. NO. It always says "accepted", e.g. the first submission: http://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/0001193125-13-279830-index.htm |
|
|
|
|
Silverspoon
Member
Offline
Activity: 112
Merit: 10
|
|
December 31, 2014, 02:09:18 PM |
|
Whoa there. A ponzi is a pyramid scheme created by a malefactor.
A pyramid scheme is any scheme in which early adopters profit only if new money keeps coming in. I don't think you want to argue that Bitcoin's price can grow without influx of new money - bitcoin doesn't produce anything other than more bitcoins and heat.
I have already explained why a rational player would invest in a pyramid scheme (buy BTC at the auction), but I'll do it again:
1. Buy BTC below market at auction.
2. Sell on exchanges at market.
3. Profit.
Ok, I understood your point. But, who says that new monies won't come in and people won't profit anymore? BTC is still in development mode and has a lot to capture... That's a different question altogether. There's always new money coming in, the question is "at what rate?" With Beanie Babies, for instance, it's sufficient for the actors to hodl their Beanies for the price to remain stable. Not so with bitcoin. Unlike the Beanies, which are no longer being printed mined made, more than 3,600 bitcoins are printed every day. These, as I've pointed out, are being sold. Enough fresh money needs to come into the system buy these and keep the price stable. TL;DR: It's not impossible for the price to go up, but for it to go up substantially is unlikely. Just an opinion. |
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
December 31, 2014, 02:13:49 PM |
|
Hodl and wait for the next halving  Whoa there. A ponzi is a pyramid scheme created by a malefactor.
A pyramid scheme is any scheme in which early adopters profit only if new money keeps coming in. I don't think you want to argue that Bitcoin's price can grow without influx of new money - bitcoin doesn't produce anything other than more bitcoins and heat.
I have already explained why a rational player would invest in a pyramid scheme (buy BTC at the auction), but I'll do it again:
1. Buy BTC below market at auction.
2. Sell on exchanges at market.
3. Profit.
Ok, I understood your point. But, who says that new monies won't come in and people won't profit anymore? BTC is still in development mode and has a lot to capture... That's a different question altogether. There's always new money coming in, the question is "at what rate?" With Beanie Babies, for instance, it's sufficient for the actors to hodl their Beanies for the price to remain stable. Not so with bitcoin. Unlike the Beanies, which are no longer being printed mined made, more than 3,600 bitcoins are printed every day. These, as I've pointed out, are being sold. Enough fresh money needs to come into the system buy these and keep the price stable. TL;DR: It's not impossible for the price to go up, but for it to go up substantially is unlikely. Just an opinion. |
|
|
|
|
macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
|
|
December 31, 2014, 02:17:34 PM |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street If you read in the main sec.gov COIN page: Filing Date 2014-12-31 Accepted
2014-12-30 21:10:03Documents 14 So, I guess it is already accepted and nearly ready to launch. Hore Shet meme If this is the case, I must prepare my CCMF pics... |
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
December 31, 2014, 03:00:18 PM |
|
|
|
|
|
|
Silverspoon
Member
Offline
Activity: 112
Merit: 10
|
|
December 31, 2014, 03:10:49 PM |
|
Yeah, well, you know, that's just, like, your opinion, man. |
|
|
|
|
Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
|
|
December 31, 2014, 03:24:24 PM |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street If you read in the main sec.gov COIN page: Filing Date 2014-12-31 Accepted
2014-12-30 21:10:03Documents 14 So, I guess it is already accepted and nearly ready to launch. Hore Shet meme If this is the case, I must prepare my CCMF pics... "Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(d) under the Securities Act of 1933. Each Share comprising the initial Baskets of Shares represents 0.20 bitcoins and is offered at a per Share price equal to the price equal to the number of bitcoins comprising such Share. The price of bitcoins is based on a weighted average of the average of the high and low transaction prices of bitcoins on June 27, 2013 on three major Bitcoin Exchange sites: Mt. Gox, BitStamp and BTC-e. On June 27, 2013, this price was $100.45/bitcoin." "Proposed maximum offering price per Share(1)" = $20.09  EDIT Note: network difficulty was Jun 29 2013 21,335,329 Total Speed 152,724 GH/s VS Today Dec 30 2014 40,640,955,017 Total Speed 290,919,288 GH/s |
|
|
|
|
kurious
Legendary
Offline
Activity: 2590
Merit: 1643
|
|
December 31, 2014, 03:38:18 PM
Last edit: December 31, 2014, 03:59:55 PM by kurious |
|
5th amendment to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street If you read in the main sec.gov COIN page: Filing Date 2014-12-31 Accepted
2014-12-30 21:10:03Documents 14 So, I guess it is already accepted and nearly ready to launch. Hore Shet meme If this is the case, I must prepare my CCMF pics... "Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(d) under the Securities Act of 1933. Each Share comprising the initial Baskets of Shares represents 0.20 bitcoins and is offered at a per Share price equal to the price equal to the number of bitcoins comprising such Share. The price of bitcoins is based on a weighted average of the average of the high and low transaction prices of bitcoins on June 27, 2013 on three major Bitcoin Exchange sites: Mt. Gox, BitStamp and BTC-e. On June 27, 2013, this price was $100.45/bitcoin." "Proposed maximum offering price per Share(1)" = $20.09 EDIT Note: network difficulty was Jun 29 2013 21,335,329 Total Speed 152,724 GH/s VS Today Dec 30 2014 40,640,955,017 Total Speed 290,919,288 GH/s Based on $100 BTC price - it's a cheap and likely to be oversubscribed offering. Not sure if it's good for BTC price now, but it will make waves in the main stream media. EDIT: Hang on - 20.1 Million shares for 0.2 Bitcoin is 4 million Bitcoin. Hmm... |
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
December 31, 2014, 04:00:20 PM |
|
|
|
|
|
|
|
galdur
|
|
December 31, 2014, 04:11:06 PM |
|
|
|
|
|
|
|
phoenix1
|
|
December 31, 2014, 04:12:49 PM |
|
All this tells me is that they filed yet another amendment to their submission to the SEC. Is there anything else whatsoever to this story, or is this just lame news on a quiet day ? |
|
|
|
|
|
Poll
