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Author Topic: [ANN][SWARM] Swarm - Cryptoequity Crowdfunding - Official Thread  (Read 124072 times)
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June 24, 2014, 01:12:25 PM
 #1


Official video

Swarm is the world's first cryptoequity crowdfunding platform. We are currently fundraising via our own platform at www.swarmcorp.com.

Manifesto

In Berlin on June 17th Swarm declared a revolution.  We stated our vision to restore to all people the power currently monopolized by the 1%, the power to participate meaningfully in economic life. Unlike past revolutions, this is a revolution not to be joined, but to be owned...     read more

Functionality

  • Crypto-kickstarter : Easy access layer for coin issuance and fundraiser participation (including fiat conversion)
  • Decentralized due diligence : Crowdsourced participation and vetting of new projects.
  • Programmable governance : Customizable benefits for coin holders, including profit shares and voting rights
  • Distributed incubator : "YCombinator" style trusted and competitive application process for swarmed projects
  • Legal advocacy : Legal research and advocacy across jurisdictions for allowance of cryptoequity.
  • Perks : Tokens distributed to Swarm coin holders allowing exclusive access, Swarm events, and portions of future coin offerings.

In the News


Legal


Timeline

  • Q2 '14 : Crowdsale launched on Swarm platform
  • Q3 '14 : Launch of dashboards and distributed due diligence system. Three projects swarmed.
  • Q4 '14 : Custom cryptoequity focused Swarm wallet. Six projects swarmed.
  • Q2 '15 : Launch of cryptoequity voting system.  24 projects swarmed.
  • Q4 '15 : Microswarming mobile app. 96 projects swarmed.
  • 2020 : "Swarm it" becomes common usage for any funding project.
  • 2030 : "Investment banks" primarily referred to in the past tense.

Financials



    
Engage



-----------------------------------

Developers: fractastical (Joel Dietz), swarmpath (Ben Ingram)
Designer: Jef Cavens
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June 24, 2014, 01:22:53 PM
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Swarm Manifesto



In Berlin on June 17th Swarm declared a revolution.

We stated our vision to restore to all people the power currently monopolized by the 1%, the power to participate meaningfully in economic life.

Unlike past revolutions, this is a revolution not to be joined, but to be owned. This is a fundamental fight for democracy, this is the Swarm Spring.

The right to invest and innovate is in the grips of the few with the resources. They force us to ask them permission to innovate and deny our freedom to participate.  This is ostensibly to 'protect' us from our lack of intelligence.  Ironically these same 'protectors' would not mind if we gamble our meagre savings at casinos or on the lottery, lest we accidentally do something of value and climb a step on the economic ladder.

We believe that we can build a better future. We believe that we can enable all to participate in a revolution of collective ownership, something that will radically shift the nature of human society. Witness the impact that the internet revolution has brought to bear on everything from book sales, to music, media, the Arab states, and even to the way we catch a taxi.

We are committed to bringing this same revolution to finance.

To deliver, the Swarm will build these vital components:

The first is cryptoequity.  Cryptoequity is a replacement for traditional investment infrastructure. It is decentralized, and democratic and auditable. It allows flexibility in operating to suit any project requiring an investment.  It permits the parameters of the equity to be aligned with what is best for the project. This may include both a share of profit or growth or even a true and equitable share of decision making power.

We believe that cryptoequity is to equity what cryptocurrency is to currency. It is a totally new technology that needs to be treated as such. We will spend our time and effort to ensure that it is treated as the promising new technology that it is, rather than simply forced into an old legal box. Although we will be forced to work across legal jurisdictions, we believe that the benefits of adopting these new technologies are immensely greater than working to resist them, and we expect many nation states to welcome and accomodate this, just as they have accommodated Bitcoin.

The second core feature of our platform is crowdsourced due diligence. The purpose of regulatory bodies is to avoid the manipulation of people via various scams. We salute this purpose, but believe this system has become increasingly dysfunctional and corrupt.  All that has been achieved is a stifling of innovation, including a complex framework whereby fraud and misdirection of the highest order has been allowed to flourish.

We believe that collective intelligence, empowered by well designed reputational systems, can combine to vet new ideas and allow them to rapidly receive funds in an open, collaborative and well informed symphony. We will be revealing our full plans for this system at a special party in London on the 10th of July.  

The third and major differentiating aspect of Swarm is that our technology allows us to distribute coins to all swarm holders.  These coins may be:

     (1) A percentage of some coin launched via the Swarm network (i.e. a share in a project)
     (2) A coin that gives special access to types of information or purchases available exclusively to members of Swarm (i.e. a coupon)
     (3) A coin that gives access to exclusive events (i.e. a ticket)

Swarm today is like a crypto-kickstarter offered via coins, with the intention of gradually introducing elements of cryptoequity as the legal framework is established for them. Because we do not know exactly what the future holds we cannot make certain promises to all particulars. But we can promise to work as hard we can to fulfill these offerings with the maximum potential.

We also believe that vested powers will seek to use their political ties to prevent this from being successful. This makes it imperative that we build rapidly and funnel the money we receive into building a large and resilient global network. No matter how much money we have, our enemies will be better funded and ready to use all of political connections to crush us. We must be resourceful and wily and fast.  

To do this we need your help. The ultimate success of the swarm is as up to you as it is to us. We believe absolutely that the positive energy that comes out of decentralized networks is reciprocal, that it will build up an ecosystem of increased potency and innovation that out-innovates traditional structures. This is because we are swarming together, with spontaneity and syncronicity, not simply fitting things into a spreadsheet.

If this appeals to you, we invite you to join us. If not, we ask you to stay away. The benefits of our network will be revealed gradually to those who participate in our vision. For those who prefer the old ways, you will never realize what it means to receive a GOLDTICKET.

In the Swarm it is all for one and one for all. Let's do this.
Yours,

The Swarm
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June 24, 2014, 01:35:01 PM
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Swarm Manifesto

In the Swarm it is all for one and one for all. We invite you to join us.

Yours,

The Swarm

Apart from me. Who you banned from your Skype channel for asking challenging questions no one could answer.

Regret buying any, as now it is nearly impossible to sell.

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June 24, 2014, 01:37:24 PM
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FAQ

Results from first week:
 


As you can see, we didn't do a great job answering all of your questions the first time around. So I went back answered all unanswered questions I could find. Here are the answers.

Quote
seems like a scam?

May seem like that, but each of the founders of Swarm (Joel Dietz, Jef Cavens, Ben Ingram) have founded more than one company in the past, with at least one significant success for each founder. Among other things we enjoy building things so simply hanging out in a beach house with blow and hookers would get boring. We also have a pretty robust auditing system that we are developing for all of our expenditures with a publicly released report from our monthly advisor's meeting. The first of these should be out by July 1st so everyone can see how we will be conducting business.

Quote
There is not much of concrete information as to what your "investment" will get you.

We know and apologize. We had something like this written up but our lawyers threw a red flag and then we ended up with a garbled document that we hated. We re-wrote and reviewed a new manifesto that expresses exactly what it is that we plan to build and why.

Quote
You raised 500BTCin a day and 2 days later you want to raise 4000BTC?  Am I drunk, is this a real post?

Haha, well, we actually would be happy to raise even more than that. Depends on what the market thinks our project is worth. As I see it we are the first serious cryptoequity project and one of the very few Bitcoin related projects that has the possiblity of reaching out past the cryptocommunity into the mainstream. So there is a lot of reason to support us, even in the sense that press exposure for Swarm will naturally allow the price of Bitcoin to increase.  

Quote
What will be possible revenue of Swarm and interest on the swarmcoins?

To be honest, we don't know. This is one of the aspect that I wish we had more clarity on, but because so much depends on the legal issues around what we can and can't do, it's basically impossible to come up with any projections as to future return. To a rather significant degree the primary value of Swarm is the network not the token.  

Quote
What happens if we don't reach the 1,000BTC minimum in the first round? Will you return investors coins?

I guess we already reached this, but in any case we were always planning to make things work no matter what. Having more money helps us iterate faster and spend more money on things like marketing and getting other things off the ground.

Quote
Also, do you have an official forum in the works? I need somewhere to go in order to ask questions, get involved with the community etc.  

"In the works," yes, but it is not super high priority at the moment. Our SWARM skype channel is the most active fluid point of engagement.

Quote
Ok so my Counterwallet now has some GOLDTICKET - can someone please explain to me what this is? Google, Facebook & Twitter bring up no info on it.

One of the core values of Swarm is creating a network that helps support innovative projects, especially those based on Blockchain technology. One of the ways we do that is by allowing early access to certain types of projects and coins to Swarm holders. GOLDTICKET is associated with this and more details will be coming soon.

Quote
Can anyone answer my questions please? Is there anywhere else I can go to ask questions? I see no official forum.

We have a chatroom which is generally staffed during daytime hours European time. We are pretty good are responding to email sent to help@swarmcorp.com. And our skype channel has a bunch of usually pretty helpful people in it. Bitcointalk we are making a better effort to get to, but responses will still probably not come out more than twice a day so if your request is time sensitive we suggest one of these other channels.

Quote
yes,like a big scam. don't know why so many BTC are invested.   Where is the blockchain address??

I think people have invested because it is an innovative idea and a good team. Sometimes that is all you need, since ideas in an early stage venture evolve over time.

Quote
Can I get my BTC back?

You can trade SWARMPRE on the Counterparty decentralized exchange.

Quote
And you can't just post the link to this? (Skype chat)

I don't think you can, I believe you have to send a contact request on Skype and asked to be added. My skype id is "jdietz04."

Quote
I think you should label your hours. Right now the site says "24/7" support which is something a) you don't really need to provide and b) obviously can't provide. But having it up there only will make people think you're failing to communicate. Also I am sure plenty of people don't realize you are on central european time- something you should clarify as well.

Good point, we did take off the "24/7" part which is was pretty dumb of us to have there since I'm not sure which team members were volunteering to not sleep. In general we respond most reliably to email.

Quote
When did phase 1 funding begin?

Our private presale started May 28th. Open Phase 1 started June 17th at 12:00:01am Berlin time (GMT + 1).

Quote
Why did DistributedBUZZ imply the head office would be open today? Late last night he said "the headoffice in Berlin is closed as its the middle of the night".

I have no idea. I don't think we briefed them adequately on related details.

Quote
Wish there were better communication.  Would like regular email updates targeted to swarmcoin holders.

Good idea. At the moment we are trying to establish some reliable way of communicating important news to swarmcoin holders.

Quote
So... I guess you are paying 10 people 60k a year salaries? for a startup?

This may seem a lot, but it's actually on the low side for a startup in Silicon Valley, a place with a rather high cost of living.

Quote
what? you have less than 10 people? now thats interesting, how much are you expecting as a salary?

I'm expecting a reasonable amount so that I can eat, sleep, and go to the gym without having to worry about money. I don't really expect to do much else over the next year, but in my last startup there were periods where I couldn't afford a gym membership or good housing and that greatly reduced my productivity.

Quote
Are you expecting to secure salaries for multiple years? Oh wouldn't that be nice!

It's actually pretty standard practice to raise enough money to meet expenses for 18 months such that you can afford to build your product as you think it should be and work through a couple of related ideas in case the first one is not successful. I think this is a pretty good general model.

Quote
Do you understand the concept of bootstrapping?

There are two general philosophies when it comes to startups. One is to get profitable as quickly as possible, then grow your profit as quickly as possible. The other is to get as much traction as quickly as possible, then try to become profitable. Many of the greatest startup successes like Paypal and Twitter were in this second category, almost all of them required some significant degree of capital infusion.  We are probably going to be halfway between the two, with very rapid growth as our highest priority.

Quote
Will we be able to invest with XCP ?

Yeah, we've had a lot of demand for this so one of the things we've worked on the past week is setting up another vending machine that accepts XCP. Stay tuned.

Quote
I sent it from Blockchain.info how do I get my SWARM coins? I'll import the private keys now. Will I see my SWARM coins anytime?

So many transactions that were not sent from Counterwallet were automatically flagged and swarmcoins were not distributed because we were afraid that people would send from exchanges that they did not have the private key too (something that has happened a few times already). If you were one of these people make sure you send us an email at help@swarmcorp.com and we can manually issue your swarmcoins.

Quote
So Swarm is raising 21,500 BTC to develop a platform that allows the creation of new coins?

Our budget for our cryptoequity platform is >4,000. The main reason we'd go beyond that is to actually be able to support other projects (like other extensions to the Counterparty ecosystem, etc.).  

Quote
I think you guys need to do a better job in explaining your business idea to the crowd of your crowdfunding campaign (i.e. me) what this whole thing is about.

As I mentioned in a previous comment we had something written up that was more comprehensive but we ran into some legal red tape which prevented us from getting it out on schedule. We've gone back and released what we wanted to release originally.  

Quote
The 8% figure is only applicable if they raise 21500 Bitcoins realistically it's going to be a much higher %age depending on how much they raise.

Actually it's the opposite. If we don't hit our targets our percentages will be less.

Quote
Oh and there is also an 8% premine i.e. founders will own 8 million coins, while average BTC investor will own 4,250-5,250.

Not quite right, founders only have 4%, the other 4% are for bounties/representatives.

Quote
Will Swarm take only BTC, or BTC and XCP for its fundraising system?

Both. It's a bit logistically complex to take multiple currencies and avoid a "Maidsafe" scenario so this has taken us a bit of time to coordinate.

Quote
While I'm excited to see the new fund coming, what exactly they offering in exchange for these 17K BTC?

You could say that at the moment we are a superpowered crypto-kickstarter that is shifting gradually to providing cryptoequity as the legal framework for this is established. It's a bit difficult to define exactly what features will be delivered at what point, but you can see above for a rough timeline.

Quote
Kickstart provides only gift or early access of products mostly because of legal issues. How swarm overcome this problem? Is crowd funding with equity given out legal now in US?

No, equity crowdfunding is illegal in the US. Because cryptoequity is completely programmable and can contain different types of rights that are different from equity, we believe it is something that needs special legal attention. One major part of our campaign will be to clarify the legal space around these issues, which is complex and often undefined.  

Quote
how do i get bitcoins ?

Most universal way is through local bitcoins since there are people pretty much everywhere who will sell for cash. Beyond that depends on the country. Coinbase is a good option if you are in the U.S.

Quote
What percent of a new coin's offering will go to swarmcoin holders?

Minimum 1%, although we are working through a bunch of different type of coin offerings.

Quote
Am I able to just email btc from my coinbase account?  I dont understand revealing my private keys

As of right now Coinbase does not support counterparty assets, so you need to send the BTC to your Counterwallet first.
"Revealing your private keys" means that you can import assets into a counterwallet that are elsewhere but we do not recommend doing this.

Quote
Hi, quick question.  After sending BTC from counterwallet to swarmcoin address.  Is there some kind of confirmation that my investment has been received?

You can check out Blockchain.info for your address and look up the transaction to show that it went through.

Quote
I received an error message after I participated in the fund raiser,and my account shows 0 BTC. Am I required to have a BTC balance to receive swarmcoin?

Probably a temporary connection error in Counterwallet. You don't have to have a BTC wallet balance to receive Swarm but you do need a small amount in order to send any assets that you have.  

Quote
Tutorial says there's a .5 millibit fee.  Do I have to have my investment (1 BTC) plus .5 millibits in my Counterwallet or just the 1 BTC I'm planning to invest?

You need to have a bit more than whatever you are planning to exchange for swarmcoins.  

Quote
hi, in counterwallet, should I buy swarm or swarmpre?

Right now the only thing you can get is SWARMPRE. Swarm will be distributed at the end of the fundraiser.

Quote
Hi Swarm, how do you what % of fees received go to the coin holders as opposed to costs/employees etc? how do you KNOW what %...... Is it written in the code?

Our plan is to always split 50%/50% between Swarm the organization and Swarmcoin holders. This is not written in the code, but we hope to help build platforms that are totally trustless where it could be written in the code.

Quote
What's the quickest way to buy some bitcoin using a credit card #? I looked at the exchanges, but they didn't seem trustworthy and wanted SSNs

I'm not sure. I think Expresscoin will do this for you in the U.S. I believe Coinbase does as well, but only after you've verified a few things.

Quote
Counterwallet will not open my wallet. Please help

There was a brief period when Counterwallet.co was under a bunch of stress from our launch but I don't think there have been any errors since then.

Quote
Can i send BTC directly to Swarm address rather than creating a new wallet with counterwallet?

You could but that would be a bad idea because right now we have a flagging system that doesn't automatically send back swarmcoins unless it comes from Counterwallet. But if you did you could contact us and that would probably fix it.

Quote
Do I have to buy BTC first? From you or from a BTC marketplace?

Unfortunately yes, but that's something we hoping to make change sooner rather than later.

Quote
so once I buy swarm coins ... I'll own them and won't be able to exchange them back to BTC?

The platform we are using, Counterparty, includes a decentralized exchange so you can trade them for things later on. A lot of people are doing this right now.

Quote
are they exchangeable?

Yes, you can trade them for any other asset on the decentralized exchange.

Quote
What is Swarm and why does it matter that it accepts XCP?

Swarm is a cryptoequity platform. XCP is a not particularly liquid cryptocurrency, so if we take it means that we are investing heavily in the future of Counterparty as a platform as well as allowing people to diversify their illiquid assets.

Quote
Swarm is a scam or a greedy mismanaged pile of crap.They are also throwing around the counterparty name implying we all support and endorse it.Apparently, according to them, they received 500 BTC from this thread and our community directly in the form of a pre-sale. I have trouble believing we would all be so stupid.

I think we mismanaged our initial Bitcointalk thread (well actually, we outsourced it due to a last minute team member drop out) but so far we've been doing okay when it comes to execution. Keep in mind that right now we are a fairly small team who are trying to build the platform and handle all the support at the same time.

Quote
I may have missed it in the posts but does swarm benefit XCP other than bringing it some attention via this fundraiser? Please don’t misunderstand me; I like the idea, will be buying in myself and believe it will enhance the overall ecosystem. But will XCP be used within the swarm framework at all? Or just BTC? In order for XCP liquidity to improve, the projects built on top of counterparty should encourage the use of XCP.

Good and tricky point. We are currently using the dividend feature of Counterparty which does not currently require XCP, but I actually think that it should. I also want to see XCP used as the primary trading currency internally, so that things are traded in terms of XCP/SWARM rather than BTC/SWARM, since right now there is no automatic payment for BTC transactions. Also since we are now substantial XCP holders we have a strong interest in increasing XCP liquidity and will be pushing for this rigorously.

Quote
while selling swarm for xcp. I don't have xcp.  means?

Sadly there aren't a lot of great ways to get XCP right now except via the Decentralized Exchange. That's one of the things we are looking to change in the near future.

Quote
Is Swarm currently an asset listed in Counterwallet? What is the official name?  XEdit: Or will it only be available on June 17? I see a few assets for sale now with the Swarm name.

SWARMPRE is what is being offered right now. 100,000,000 units of SWARM were issued and locked prior to our crowdsale. They will be distributed to all SWARMPRE holders.

Quote
I'd like to invest in Swarm.  Can I do that from the online wallet?

Yes you can. Just send to the address on our website from Counterwallet.

Quote
Is there a thread other than this one where the details of Swarm are being discussed?  (Things like...percentage of newly-issued coins that would ultimately trickle back to SWARMCOIN holders...when we can expect to see an alpha client).  I can't find such a thread.  Their website itself is light on details.  Thanks.

Hopefully this thread provides answers to your questions.

Quote
Am I able to get less than 1 BTC worth of swarm?

Yes. The current exchange rate is a bit tricky to figure out at the moment, but anything abouve one three thousanth of a Bitcoin should get you at least some swarmcoins.

Quote
how come I can't wallet?

Not sure. Try to login to Counterwallet.co

Quote
If 12GZL7shupvmHapCmhw81GDa5GmaTqaZdk is your only address for the project croudfunding - the calculation of 25% is wrong, since you got only 742 out of 5400, which is 16.5%

Wasn't the only address.

Quote
what is the process for getting SwarmCoins?

Send BTC to Counterwallet. Send BTC from Counterwallet to the address on the main page.

Quote
OK. Coinbase buys the BT, which Counterwallet holds it, and then pass it to SWARM for SCoins?

Yep, that's the right idea.

Quote
My wallet isn't showing anything.  Should I see something?

If you just sent BTC it might take a few minutes for it to get there. Bitcoin is fast compared to a bank transfer, but it's not exactly instant. Swarmcoins are made to be extra secure so it takes a bit of time to get them back (usually about an hour).

Quote
Hi, is anyone available to talk about Swarm?

Depends on the day and the hour, but we are usually hanging out in the hipchat or on Skype. See the engage section up the top for other ways to get ahold of us.

Quote
Any more info on this project?

Our manifesto is a good place to start.

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June 24, 2014, 01:45:21 PM
 #5


Apart from me. Who you banned from your Skype channel for asking challenging questions no one could answer.

Regret buying any, as now it is nearly impossible to sell.

You actually said "I want out. That is all." in the Skype chat and so I let you out. Feel free to contact me on any communication channel and perhaps I can work out some way to help you to get out entirely.

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June 24, 2014, 02:04:43 PM
 #6

1/3rd will go for salaries for 2 people, FUCK NO

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June 24, 2014, 02:07:04 PM
 #7

1/3rd will go for salaries for 2 people, FUCK NO

We have more than two team members.

You can see financial projects for expenditures here.
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June 24, 2014, 02:26:23 PM
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What is this goldenticket that some are saying they have in their counterparty wallet. I dont have it. I have swarmpre (which can now be bought cheaper than you give out).
Why was this released before the 20th of july when the sale ends. I thought the amount of swarmcoins available through the sale would be divided out between the investors depending on what amount of BTC they invested. I am confused
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June 24, 2014, 02:45:55 PM
 #9

What is this goldenticket that some are saying they have in their counterparty wallet. I dont have it. I have swarmpre (which can now be bought cheaper than you give out).

Probably you got your SWARMPRE after the GOLDTICKET was issued.


Why was this released before the 20th of july when the sale ends.

It's because we are having an event in London in two weeks with some special announcements and wanted to reward people who were in early.


I thought the amount of swarmcoins available through the sale would be divided out between the investors depending on what amount of BTC they invested. I am confused
 

This is true.


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June 24, 2014, 02:53:07 PM
 #10


Apart from me. Who you banned from your Skype channel for asking challenging questions no one could answer.

Regret buying any, as now it is nearly impossible to sell.

You actually said "I want out. That is all." in the Skype chat and so I let you out. Feel free to contact me on any communication channel and perhaps I can work out some way to help you to get out entirely.



Leading up to that moment I was asking for help on how to sell my SWARMPRE back BTC, so it should of been pretty obvious that I was referring to that. You just needed an excuse to kick me.

Kicking me from the Skype channel was NOT what I was asking for & it made me even more furious.

To top it all off, it was Joel the lead man who kicked me.

I am not a troll, a FUD'er or indeed under 30 years of age. I am a mature & methodical hard working individual who has been nothing short of disgusted at the way I have been treated as an investor.

So understandably, I want out.





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June 24, 2014, 04:09:05 PM
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"Silicon Valley": I thought you were based in Berlin where living is relatively cheap?

"gym membership": This sense of lifestyle entitlement would undermine the success of any conventional investment pitch.

References to girls, hangovers from parties, "hookers and blow" I'd say, make you pretty much uninvestable from any professional perspective.
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June 24, 2014, 04:17:18 PM
 #12

"Silicon Valley": I thought you were based in Berlin where living is relatively cheap?

This project started at Stanford University and migrated to Europe for our launch tour. We are planning to go back.

Quote
"gym membership": This sense of lifestyle entitlement would undermine the success of any conventional investment pitch.

Exercise is a luxury? Okay.

Quote
References to girls, hangovers from parties, "hookers and blow" I'd say, make you pretty much uninvestable from any professional perspective.

Was joking. Which reminds me of what I find missing around here. Humor. And women.  
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June 24, 2014, 04:49:51 PM
 #13

Only 45,000 in the budget for parties?
fractastical
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June 24, 2014, 04:52:19 PM
 #14

Only 45,000 in the budget for parties?

I wonder how much the Bitcoin Foundation spends every year on sponsorship and parties.
OmniEdge
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June 24, 2014, 05:42:12 PM
 #15

When the JOBS act goes into effect in Q4 and includes to many stipulations or in event of unfavorable future regulation, a jurisdictional play can always be made which restricts offerings to U.S. residents. Is SEC omnipresent in the world or can other nations then adopt these types of business? Is this also one of the reasons why Swarmcorp has not been incorporated which gives you room to manoeuvre (DAC style) to other friendlier jurisdictions?
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June 24, 2014, 08:35:42 PM
 #16

When the JOBS act goes into effect in Q4 and includes to many stipulations or in event of unfavorable future regulation, a jurisdictional play can always be made which restricts offerings to U.S. residents. Is SEC omnipresent in the world or can other nations then adopt these types of business?

They can adopt them but the SEC has a long arm so you would probably need to make some effort to block folks located in the US from participating.

Quote
Is this also one of the reasons why Swarmcorp has not been incorporated which gives you room to manoeuvre (DAC style) to other friendlier jurisdictions?


Yes. It's a bit like Xapo that has their corporate headquarters in Palo Alto but their legal entity in Hong Kong.
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June 25, 2014, 01:14:34 AM
 #17

I am in. I have low expectations due in part to my natural skepticism and an ongoing experience with the colossal scamming culture of crypto.

Despite that, I have no problems with the way you plan to go about this. BTC is where my long shots go and I would never expect any kind of guarantee.

Don't pay vocal skeptics too much mind - investors are perfectly aware of every objection they bring up - just get to work on your dream.

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June 25, 2014, 06:39:06 AM
 #18

I think SWARM as a VC is a fabulous opportunity. I bought some- it is right for me (but not everybody.)

But the Manifesto?

I will honestly say that the Manifesto takes this to an entirely new level. This is among the most compelling and brave investment theses I have ever read. It is a "magna carta" of investment statements.

I am SWARM.

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June 25, 2014, 06:54:50 AM
 #19

According to the information that appear on your site you raised so far 1306 BTC

With that amount of investment, I don't know whether the price of the currency will rise after the IPO.
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June 25, 2014, 07:10:31 AM
 #20

what a huge ipo!how you dare to do this?






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