Read Before Investing funds in IPO's

[nextgencoin]

I don't think i've heard the term IPO being used correctly once in this forum.

in the 'real world' a private company seeking to go public attracts investors with strong fundamentals:  cash flow, business model, paperwork of incorporation.  IPOs are for already functional, profitable companies.  Initial Public Offerings are guaranteed by underwriters, who have combed through their paperwork with a bullshit detector.  Anybody seeking to invest in any IPO ask basic questions like:  "who is underwriting the IPO?  what country is the IPO based in?"  "what type of entity is this business?" "are they profitable, and for how long?"

Another red flag are if the 'IPO' is for an Limited Liability Corporation:  LLC are based on state laws, and most USA state laws make it impossible to do an IPO of an LLC.  even if an LLC were to have IPO in an IPO friendly state (e.g. delaware) no underwriter would touch an LLC with a 10 metre cattle prod.

If an underwriter cannot guarantee an IPO, then everyone stay the fuck away.  

Underwriter? Are you aware of where you are? Behave yourself and go back to your University law books. This isn't the place to try to impress with 'real world' financial jargon cut and pasted from your Uni textbook.

[nextgencoin]

can you explain how to sign a message on a wallet like Multi bit, if you know. Also how to get private keys?

I recently felt forced into sending BTC direct to IPO cause I'm a noob who doesn't know how to do this.

https://multibit.org/en/help/v0.5/help_signAndVerifyMessage.html

Yeah I was hoping for a more laymans terms visual understanding especially of private keys which are requested by Escrow services.


I can click on inport private keys and it creates some kind of file, which it seems you can make many of, but how the hell these then get used to unlock an account or how you send them to an escrow is beyond me.

[escrow.ms]

can you explain how to sign a message on a wallet like Multi bit, if you know. Also how to get private keys?

I recently felt forced into sending BTC direct to IPO cause I'm a noob who doesn't know how to do this.

https://multibit.org/en/help/v0.5/help_signAndVerifyMessage.html

Yeah I was hoping for a more laymans terms visual understanding especially of private keys which are requested by Escrow services.

I can click on inport private keys and it creates some kind of file, which it seems you can make many of, but how the hell these then get used to unlock an account or how you send them to an escrow is beyond me.

Umm well which escrow ask you to give private keys?
If someone have access to your private key he have access to your bitcoins which are on that address.


Ps: You need to open that file in notepad.
Check this.. https://multibit.org/en/help/v0.5/help_exportingPrivateKeys.html

[escrow.ms]

bump.

[Spoetnik]

I don't think i've heard the term IPO being used correctly once in this forum.

in the 'real world' a private company seeking to go public attracts investors with strong fundamentals:  cash flow, business model, paperwork of incorporation.  IPOs are for already functional, profitable companies.  Initial Public Offerings are guaranteed by underwriters, who have combed through their paperwork with a bullshit detector.  Anybody seeking to invest in any IPO ask basic questions like:  "who is underwriting the IPO?  what country is the IPO based in?"  "what type of entity is this business?" "are they profitable, and for how long?"

Another red flag are if the 'IPO' is for an Limited Liability Corporation:  LLC are based on state laws, and most USA state laws make it impossible to do an IPO of an LLC.  even if an LLC were to have IPO in an IPO friendly state (e.g. delaware) no underwriter would touch an LLC with a 10 metre cattle prod.

If an underwriter cannot guarantee an IPO, then everyone stay the fuck away.  

Underwriter? Are you aware of where you are? Behave yourself and go back to your University law books. This isn't the place to try to impress with 'real world' financial jargon cut and pasted from your Uni textbook.

the IPO jargon is what it's suppose to mean ..not what it actually means in Crypto.
in crypto it means  = scam .
in a REGULATED market it means something entirely different lol

change the topic title to Don't invest in IPO's they are SCAMS !

/end of topic
Spoetnik has spoeken .

[escrow.ms]

change the topic title to Don't invest in IPO's they are SCAMS !

Then you should request theymos to BAN IPO's on this forum because without that people will still invest and get scammed and by the way not all IPO's are scam.

Look here.  https://bitcointalk.org/index.php?topic=494229.0  17.5BTC ( 50% of the total IPO) was donated to thewaterproject.org by dev.

[nextgencoin]

can you explain how to sign a message on a wallet like Multi bit, if you know. Also how to get private keys?

I recently felt forced into sending BTC direct to IPO cause I'm a noob who doesn't know how to do this.

https://multibit.org/en/help/v0.5/help_signAndVerifyMessage.html

Yeah I was hoping for a more laymans terms visual understanding especially of private keys which are requested by Escrow services.

I can click on inport private keys and it creates some kind of file, which it seems you can make many of, but how the hell these then get used to unlock an account or how you send them to an escrow is beyond me.

Umm well which escrow ask you to give private keys?
If someone have access to your private key he have access to your bitcoins which are on that address.


Ps: You need to open that file in notepad.
Check this.. https://multibit.org/en/help/v0.5/help_exportingPrivateKeys.html

Anon1 when i was buying into Qora. Is it not standard procedure?

[escrow.ms]

Anon1 when i was buying into Qora. Is it not standard procedure?

No he just wanted you to sign a message from your bitcoin address and it's only possible if you have private key. (In other words, If you don't have private key you don't own that bitcoin address)

[rohan1]

thanks for sharing this useful information.

[MOON_2000]

10. Steps for signing a message on blockchain.info, electrum and bitcoin-QT  (I've made this long time ago)
http://pastebin.com/hEf3EP4L  
Images: http://imgur.com/a/z9DzX#0

This information was of great value.  Thank you for your assistance.

[nextgencoin]

Anon1 when i was buying into Qora. Is it not standard procedure?

No he just wanted you to sign a message from your bitcoin address and it's only possible if you have private key. (In other words, If you don't have private key you don't own that bitcoin address)

Ah ok, cheers for clearing it up.


One last thing. I did actually read through the multi bit info before I sent some BTC, I signed my payment (or thought I did) But no name  turned up on the blockchain above my transaction address, should it of? That's why I kind of assumed I didn't do it properly.

[escrow.ms]

bump.

[Vitsila]

Very helpfull for newbies, so we won't lose our bitcoin that so difficult we made

[Spoetnik]

change the topic title to Don't invest in IPO's they are SCAMS !

Then you should request theymos to BAN IPO's on this forum because without that people will still invest and get scammed and by the way not all IPO's are scam.

Look here.  https://bitcointalk.org/index.php?topic=494229.0  17.5BTC ( 50% of the total IPO) was donated to thewaterproject.org by dev.

he already knows about them.. and yes ALL of them are scammy bullshit.
if it isn't obvious why your a scammer or brain damaged.

i thought i ended this topic already ?

[Swordsoffreedom]

A good list of things to avoid
But unfortunately people will lose their money knowing all to well the risk
Still doesn't hurt to try