Crowdfunding on Bitcoin

[DGulari]

It looks like quite a few new companies are electing to follow MaidSafe and do an IPO by issuing their own shares through bitcoin/mastercoin system.  If MaidSafe raised $6 million - how much can these new companies raise?  Pretty interesting approach.  I wonder if Wall street is getting scared of losing their monopoly on yet another banking function going over to cryptocurrencies.

[Ron~Popeil]

It looks like quite a few new companies are electing to follow MaidSafe and do an IPO by issuing their own shares through bitcoin/mastercoin system.  If MaidSafe raised $6 million - how much can these new companies raise?  Pretty interesting approach.  I wonder if Wall street is getting scared of losing their monopoly on yet another banking function going over to cryptocurrencies.

This way is so much more democratic. The barriers to entry in the world stock markets make it tough to invest without some fund manager taking a cut. 

[Swordsoffreedom]

I think that they would be concerned with their monopoly and declare investments in Bitcoin are non-compliant and Illegal in the United States
At least that's what I got from this thread about unregistered securities
https://bitcointalk.org/index.php?topic=637879.msg7117206#msg7117206

[Ron~Popeil]

I think that they would be concerned with their monopoly and declare investments in Bitcoin are non-compliant and Illegal in the United States
At least that's what I got from this thread about unregistered securities
https://bitcointalk.org/index.php?topic=637879.msg7117206#msg7117206

That is definitely a concern. The first thing they would do is seize investors funds then decide on whether or not something illegal actually occured. 

[RawDog]

I think that they would be concerned with their monopoly and declare investments in Bitcoin are non-compliant and Illegal in the United States
At least that's what I got from this thread about unregistered securities
https://bitcointalk.org/index.php?topic=637879.msg7117206#msg7117206

That is definitely a concern. The first thing they would do is seize investors funds then decide on whether or not something illegal actually occured.  

Voorhees was selling 'shares'.  Quite a bit different because these other guys are selling bits of cryptography units (same like bitcoin).  I don't think it could easily be argued that maidsafecoins are 'securities'.  Lots of gray area.  However, when a guy does this style of crwdfunding and it turns out to be pure scam, then I think you'll see the man coming for you everytime.

This looks like a good direction for advanced uses of bitcoin. I can't believe these guys are pulling this off already.
http://mastercointalk.org/index.php?topic=602.0 

What will bitcoin do next?

[SOAD]

Crowdfunding is great, but I hope scammers dont take advantage of it.

[Ron~Popeil]

Crowdfunding is great, but I hope scammers dont take advantage of it.

Scammers always come sniffing around when there is money to be made. Sad fact of life.

[racht202]

Scammers will always be around, but hopefully bitcoin will be a safer approach.

[Swordsoffreedom]

Scammers will always be around, but hopefully bitcoin will be a safer approach.

Well it is caveat emperor
Be careful and avoid all likely scams since Bitcoins in essence once sent are hard to retrieve it makes sense to be careful around investments.
That said did see a crowdfunded miner on indiegogo not on bitcoin so I can see the future using both.

[Parazyd]

Some kind of escrow could be done with crowdfunding as well.

[Ron~Popeil]

Scammers will always be around, but hopefully bitcoin will be a safer approach.

Well it is caveat emperor
Be careful and avoid all likely scams since Bitcoins in essence once sent are hard to retrieve it makes sense to be careful around investments.
That said did see a crowdfunded miner on indiegogo not on bitcoin so I can see the future using both.

Due diligence is a must. I spent days reading the scam accusations forum before I began investing.