Hi Progressive,
Thx for your questions. A lot of this has been answered in
https://bitcointalk.org/index.php?topic=259772 but here goes:
1) Your plan is to also trade altcoins (or altcoin denominated assets like CIPHERMINE) - how big exposure risk do you have in mind?
Yes. The plan is currently not to expose the fund to more than 15% in those assets. I know where you are coming from though, Ciphermine was a big deal for a small fund. The long term potential and the management team are outstanding. But as we move forward, it's share will dilute to a point where it's tolerable for everyone.
2) Do you plan any kind of "insuring" against the LTC/BTC volatility?
It depends on the exposure to LTC, which is expected to be rather low in the long term and the fund's size. I cannot answer with yes or no at this point.
3) What will be the IPO price (related to NAV/U)?
This is currently being discussed, but we are aiming for at least +50% of the pre-IPO price.
4) Do you use 2FA?
Yes, of course. And before you ask, there is also a dead man switch in case I decide to go to the bar, have a cold etc.
5) Why are you holding BFMINES?
I'll be honest with you: The position's size is 0.19 BTC and it hasn't found a buyer yet, at the price I listed it
6) Do you view mining operations in general as being BTC denominated, fiat denominated or a mix of the two?
Usually, they are a mix of the two or at least exposed to fiat. Reason being that they often have to procure assets in fiat.
7) Why have you personally decided to do this?
Because my passions are markets, economics, new trends, investing, IT, plus I have a technical and sales background. It's the perfect storm for me.
8 ) How will you know when you have met your personal goal of why you are doing this?
I cannot really give you a time or event, because I have new ideas and projects all the time. The individual journeys are the reward.
(I copied some of the questions from other threads)
Sure, thanks for asking.
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