What makes a good Bitcoin security?

[Katrina Elisse Caudle]

In the few months I've been exploring bitcoin, the only securities I've heard about are ASICMINER and Satoshi's Dice. While it's still a really murky, new area I was wondering - what do you think makes a good Bitcoin security to trade/buy/sell? Are there popular ones like ASICand Satoshi that I haven't heard about yet?

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[Peter Lambert]

The securities board is located here: https://bitcointalk.org/index.php?board=78.0

If you are into loan/bond type investments, look at BTC-BOND (by Namworld) on BTCT, Ukyo.loan and Graet.loan on bitfunder.

If you are looking for stock type investments, there are plenty to look into, I would suggest: S.MPOE and S.MG on MPEX, BITVPS on BTCT, RentalStarter on BitFunder.

The new offering NEOBEE is opening up on a bunch of exchanges within the next couple days, they are an interesting developement (basically making a bitcoin based bank).

[Varicon]

Good idea + transparency + communication = good Bitcoin security

[marcotheminer]

Good idea + transparency + communication = good Bitcoin security

What he said! I agree, the currency is reliable and a great investment if you research market trends

[pedrog]

Good idea + transparency + communication = good Bitcoin security

This, plus ROI.

The new offering NEOBEE is opening up on a bunch of exchanges within the next couple days, they are an interesting developement (basically making a bitcoin based bank).

Actually in about:

Timer removed. End time: 2013-09-20+17:00:00UTC

[OgNasty]

When I look at a security, other than the idea of the security itself, I care about two things.  Is the issuer trustworthy and do they have the shareholder's best interests in mind.  Most securities are issued by folks who are new around here and end up closing shop after they've squeezed as many BTC as they can from their shareholders.

[Peter Lambert]

Good idea + transparency + communication = good Bitcoin security

This, plus ROI.

If there is no ROI then it fails the good idea requirement.

The new offering NEOBEE is opening up on a bunch of exchanges within the next couple days, they are an interesting developement (basically making a bitcoin based bank).

Actually in about:

(countdown clock at 1:45)

Yeah, two hours is less than a couple days, so my statement is technically correct.

[zefyr0s]

When I look at a security, other than the idea of the security itself, I care about two things.  Is the issuer trustworthy and do they have the shareholder's best interests in mind.  Most securities are issued by folks who are new around here and end up closing shop after they've squeezed as many BTC as they can from their shareholders.

Problem is, many are new around here and you can't let that be the only determining factor of their securities. Many issuers actually show fiduciary responsibility when it comes to their assets.

[pedrog]

Yeah, two hours is less than a couple days, so my statement is technically correct.

Haha, true!

[OgNasty]

When I look at a security, other than the idea of the security itself, I care about two things.  Is the issuer trustworthy and do they have the shareholder's best interests in mind.  Most securities are issued by folks who are new around here and end up closing shop after they've squeezed as many BTC as they can from their shareholders.

Problem is, many are new around here and you can't let that be the only determining factor of their securities. Many issuers actually show fiduciary responsibility when it comes to their assets.

Most don't.  I don't think you've been around long enough to have seen enough examples though.  Those who survived the GLBSE debacle without closing or screwing shareholders (see the gigamining expiring "perpetual" contracts or the hundreds of [closed] old IPOs) have proven themselves as being willing to work hard for their shareholders.  It is those folks who have seen the risks first hand that I would tend to feel more comfortable holding my funds.  Not saying that new members can't run a decent asset, just saying that most have no idea what is involved besides amassing your BTC in their wallet.

I don't have any hard numbers, but I've easily seen 90% of the Bitcoin IPO companies either close their doors after getting shareholder funds, or flat out mismanage the funds so badly that it had to be a scam.  Over the last 9 months we've had an unbelievable amount of new offerings.  Give it time.  A good majority of these assets are going to close without ever generating a ROI.  Trust and ratings are important.  Those who don't take a hard look at the issuer of their assets will be quickly parted from their BTC.

[zefyr0s]

Good point, and no luckily I was not around to donate my money to that fiasco, but as I understand some made it out alive.

[thecoinjournal]

When I look at a security, other than the idea of the security itself, I care about two things.  Is the issuer trustworthy and do they have the shareholder's best interests in mind.  Most securities are issued by folks who are new around here and end up closing shop after they've squeezed as many BTC as they can from their shareholders.

Problem is, many are new around here and you can't let that be the only determining factor of their securities. Many issuers actually show fiduciary responsibility when it comes to their assets.

Most don't.  I don't think you've been around long enough to have seen enough examples though.  Those who survived the GLBSE debacle without closing or screwing shareholders (see the gigamining expiring "perpetual" contracts or the hundreds of [closed] old IPOs) have proven themselves as being willing to work hard for their shareholders.  It is those folks who have seen the risks first hand that I would tend to feel more comfortable holding my funds.  Not saying that new members can't run a decent asset, just saying that most have no idea what is involved besides amassing your BTC in their wallet.

I don't have any hard numbers, but I've easily seen 90% of the Bitcoin IPO companies either close their doors after getting shareholder funds, or flat out mismanage the funds so badly that it had to be a scam.  Over the last 9 months we've had an unbelievable amount of new offerings.  Give it time.  A good majority of these assets are going to close without ever generating a ROI.  Trust and ratings are important.  Those who don't take a hard look at the issuer of their assets will be quickly parted from their BTC.

Agree, the securities market is highly speculative.

[creativex]

The vast majority of crypto security investors seem to suffer from ADD. They won't take the time to read contracts, read news releases, or do their own maths and just go with whatever is showing momentum at any given time. This is a huge problem in this space as liquidity is very low and it takes very little to move share prices by several percent. On the other hand it makes it easy to maintain steady returns for those that do not exhibit this behavior.

[MPOE-PR]

In the few months I've been exploring bitcoin, the only securities I've heard about are ASICMINER and Satoshi's Dice. While it's still a really murky, new area I was wondering - what do you think makes a good Bitcoin security to trade/buy/sell? Are there popular ones like ASICand Satoshi that I haven't heard about yet?

Here's last fall's thread on the topic. Various things mentioned there have meanwhile been discontinued one way or another, but the discussion itself should still prove valuable for the curious.

[EskimoBob]

Hello Katrina Elisse Caudle
The first rule of BTC world is: Never ever believe a single word utter by a sock puppet MPOE-PR, who works for (probably is him) known Romanian scamer/spammer Mircea Popescu (guy with serious delusions of grandeur. He demands to be called the god of BTC world, thinks he is The Financier of BTC world while has 0 real life experience in finance and lacks ability to read even a simple financial report etc etc.) Yes, it's a funny case indeed.

What makes a good Bitcoin security?

Everything related directly to mining are guaranteed losers. Forget it.
Co's who develop their own ASIC chips can be interesting but they have serious problems keeping up with promises made and deadlines set.

Sorry, but at the moment, this is it.

BTW, if have decided to major in psychology, please use that little narcissist joker Mircea Popescu as your object of study, but never as a source for reliable information. He and this sad sock puppet (alter ego perhaps?), are both way too confused and clueless to be taken seriously.

MPOE-PR, start whining, crickets are waiting for you to type something really stupid...again