Topic: [ANN] [BCAP] THE FIRST DIGITAL LIQUID VENTURE FUND - BLOCKCHAIN CAPITAL FUND - page 10. (Read 48399 times)
April 28, 2017, 08:33:56 AM
Indeed wise words, and guys who need advice from those "scam busters" better stop trading in first place.
April 27, 2017, 01:16:30 PM
A "scam" with Tim Draper onboard, plenty of big names managing it and investing 500k into ETHCore/Parity. I appreciate the efforts to investigate and do due diligence with any crypto projects but let's not get carried away with those tin foil hats folks. No ICO guarantees profits or that it will be a good investment, it's at your own discretion where to invest, there's plenty of other ICOs or opportunities right now, but calling everything a scam is ridiculous like it usually happens at this forum and is turning it into a cesspool.
It also reminds of the boy who cried wolf tale, all this noise and I've seen a lot of minor projects literally scam 50-200 BTC on this forum while no one paid any attention.
April 27, 2017, 12:53:24 PM
April 27, 2017, 03:14:54 AM
BCAP is phantom token, clever joke against crypto.
April 27, 2017, 02:22:18 AM
I'm a gambler investor. I'm treating the BCAP token exactly like a share in a company. Doesn't necessarily get bought back or more shares released, don't expect the company to manipulate the value to match some kind of asset valuation. You're appraising its value on what you think the potential of the investments are versus the market price.
April 26, 2017, 04:02:50 PM
https://www.reddit.com/r/ethereum/comments/646e6i/blockchain_capital_is_using_an_ethereum_token_to/dg1ytut/
Quote
ProtectYourMind 2 points 16 days ago
Okay, I'm going to talk about this outside of BCAP.
Let's say you setup a company and decided to start a blockchain. That blockchain will then be sold on the open market and will be valued at some amount. This will create a market cap and a total valuation of the coins.
What you could say is that on a quarterly basis, you're going to value your company based on a 3rd party assessment of your assets. You could then calculate the value of the coin. If the value of the coin drops below the value of the company, they could issue a mandatory buyback of the coins on the market until the market cap equals the NAV (Net Asset Value).
In this way, there is a guaranteed floor on the value of the coin, because the company guarantees a buyback in the market cap falls too low. By the same token, if the price gets too high, the company could release a supply of coins held to lower the value to match their latest valuation. This would put a ceiling and floor on the value of the coin, making it relatively close to the value of the NAV.
Now back to BCAP: this is not what they're doing. There is no guarantee on buybacks, it's 100% at the discretion of the fund. There is nothing but their good spirits you can rely on.
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[–]darvink 1 point 16 days ago
Thanks for this.
I might have missed it but I still don't get how is the coin being tied back to the company? Yes you can say there is a presumed link between the coin and the company, but how do you enforce it?
A simpler analogy (the way I see it), say company A issued 1,000 shares. These shares represent 100% ownerships of company A. If they have excess return they can choose to dividend it out to all shareholders, or decide on a buyback so that the rest of the shares will increase in value - this is because there is a link between the shares and company ownerships.
So technically if the buyback happens until there is only 1 share left, the owner of the share is the owner of the company and its assets.
I don't see that with tokens.
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[–]ProtectYourMind 1 point 16 days ago
Apparently neither of us are smart enough to understand this. That's what I've been trying to figure out for the last two days.
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[–]darvink 1 point 16 days ago
Yeah, this was always the point that I am looking to establish, because we had the same challenge with our project, REIDAO.
We are tokenising real estate and were looking for ways to link the token and the real estate. In the end this is how we do it: the tokens can be claimed back to get the piece of property. Again I don't see this happening with asset management based of offering.
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[–]ProtectYourMind 1 point 16 days ago
Ultimately, all you need is a guarantee of tying some value back to the value of whatever asset you're trying to track.
It's not like the piece of paper that constitutes the deed is magic. it has value because whoever has their name on that paper owns the property and it's backed up by all parties. If you had tokens that basically established ownership, then you would be getting somewhere.
So long as there's some financial guarantee to the asset, it can be worth something.
Okay, I'm going to talk about this outside of BCAP.
Let's say you setup a company and decided to start a blockchain. That blockchain will then be sold on the open market and will be valued at some amount. This will create a market cap and a total valuation of the coins.
What you could say is that on a quarterly basis, you're going to value your company based on a 3rd party assessment of your assets. You could then calculate the value of the coin. If the value of the coin drops below the value of the company, they could issue a mandatory buyback of the coins on the market until the market cap equals the NAV (Net Asset Value).
In this way, there is a guaranteed floor on the value of the coin, because the company guarantees a buyback in the market cap falls too low. By the same token, if the price gets too high, the company could release a supply of coins held to lower the value to match their latest valuation. This would put a ceiling and floor on the value of the coin, making it relatively close to the value of the NAV.
Now back to BCAP: this is not what they're doing. There is no guarantee on buybacks, it's 100% at the discretion of the fund. There is nothing but their good spirits you can rely on.
permalinkembedsaveparentreportgive goldreply
[–]darvink 1 point 16 days ago
Thanks for this.
I might have missed it but I still don't get how is the coin being tied back to the company? Yes you can say there is a presumed link between the coin and the company, but how do you enforce it?
A simpler analogy (the way I see it), say company A issued 1,000 shares. These shares represent 100% ownerships of company A. If they have excess return they can choose to dividend it out to all shareholders, or decide on a buyback so that the rest of the shares will increase in value - this is because there is a link between the shares and company ownerships.
So technically if the buyback happens until there is only 1 share left, the owner of the share is the owner of the company and its assets.
I don't see that with tokens.
permalinkembedsaveparentreportgive goldreply
[–]ProtectYourMind 1 point 16 days ago
Apparently neither of us are smart enough to understand this. That's what I've been trying to figure out for the last two days.
permalinkembedsaveparentreportgive goldreply
[–]darvink 1 point 16 days ago
Yeah, this was always the point that I am looking to establish, because we had the same challenge with our project, REIDAO.
We are tokenising real estate and were looking for ways to link the token and the real estate. In the end this is how we do it: the tokens can be claimed back to get the piece of property. Again I don't see this happening with asset management based of offering.
permalinkembedsaveparentreportgive goldreply
[–]ProtectYourMind 1 point 16 days ago
Ultimately, all you need is a guarantee of tying some value back to the value of whatever asset you're trying to track.
It's not like the piece of paper that constitutes the deed is magic. it has value because whoever has their name on that paper owns the property and it's backed up by all parties. If you had tokens that basically established ownership, then you would be getting somewhere.
So long as there's some financial guarantee to the asset, it can be worth something.
April 26, 2017, 12:30:11 PM
I know this deal is done now but does anyone have a copy of the offering memorandum? It's not on the tokenhub site anymore and I would like to read through it to see if an investment makes sense once the token starts trading.
Feel free to PM me, and happy to pay a few dollars for a copy if there is one.
Feel free to PM me, and happy to pay a few dollars for a copy if there is one.
Reads to me like they got deleting shit down to a science.
It never was available to the public I think, you need to be logged in to view it, it's still there.
April 26, 2017, 12:27:14 PM
I know this deal is done now but does anyone have a copy of the offering memorandum? It's not on the tokenhub site anymore and I would like to read through it to see if an investment makes sense once the token starts trading.
Feel free to PM me, and happy to pay a few dollars for a copy if there is one.
It works for me. Try this link https://tokenhub.com/memorandum Feel free to PM me, and happy to pay a few dollars for a copy if there is one.
April 26, 2017, 12:26:44 PM
scam , this is a scam LOL
April 26, 2017, 12:18:25 PM
I know this deal is done now but does anyone have a copy of the offering memorandum? It's not on the tokenhub site anymore and I would like to read through it to see if an investment makes sense once the token starts trading.
Feel free to PM me, and happy to pay a few dollars for a copy if there is one.
Feel free to PM me, and happy to pay a few dollars for a copy if there is one.
Reads to me like they got deleting shit down to a science.
April 26, 2017, 11:52:33 AM
I know this deal is done now but does anyone have a copy of the offering memorandum? It's not on the tokenhub site anymore and I would like to read through it to see if an investment makes sense once the token starts trading.
Feel free to PM me, and happy to pay a few dollars for a copy if there is one.
Feel free to PM me, and happy to pay a few dollars for a copy if there is one.
April 26, 2017, 11:47:12 AM
The conversion was fair in a way that it was very close to what we sent at the time. The thing is the actual conversion happened many days after the ICO and both BTC and especially ETH increased in value. Where would that difference go is something I particularly don't know but it should be refunded or the value of each token increased.
As long as they hold them in BTC or ETH the value of each token is increased.There are 10M tokens with the combined value of what ever the fund holds. Havning them be worth more than $10M is a good thing.
I was under the impression both BTC/ETH were already converted to fiat, they don't hold crypto anymore. We got our tokens based on that final rate (around $44.xx for ETH). If they have 11M as you mentioned earlier because of this and each token is valued at $1.1 then that's perfectly acceptable. If not, then a refund of the difference should be made.
April 26, 2017, 11:08:15 AM
The conversion was fair in a way that it was very close to what we sent at the time. The thing is the actual conversion happened many days after the ICO and both BTC and especially ETH increased in value. Where would that difference go is something I particularly don't know but it should be refunded or the value of each token increased.
As long as they hold them in BTC or ETH the value of each token is increased.There are 10M tokens with the combined value of what ever the fund holds. Havning them be worth more than $10M is a good thing.
April 26, 2017, 10:58:55 AM
And more of my posts were deleted from this thread. 
I could start a whole new thread on BCAP that'll be many pages long using my deleted posts as fodder alone.
To recap, we have an entity accepting bitcoins through an entity consisting of Russians with a charter in Singapore so to invest the funds in Ethereum while shorting the Investards. How close am I?
Meanwhile, if an honest B&M business deposits U$10,001 into his bank account, a microscope is stuck so far up his ass ...
But no red flags are raised by what I outlined perhaps because there's an FBI lawyer on the advisory board.
I could start a whole new thread on BCAP that'll be many pages long using my deleted posts as fodder alone.To recap, we have an entity accepting bitcoins through an entity consisting of Russians with a charter in Singapore so to invest the funds in Ethereum while shorting the Investards. How close am I?
Meanwhile, if an honest B&M business deposits U$10,001 into his bank account, a microscope is stuck so far up his ass ...
But no red flags are raised by what I outlined perhaps because there's an FBI lawyer on the advisory board.
April 26, 2017, 07:16:37 AM
"ETHCORE’s mission is to enable businesses and organisations to capitalise on blockchain technology and benefit from the new opportunities it presents. We develop cutting-edge software solutions for enterprises and industries to unlock the full value of decentralised technology. We believe that decentralised technology has the power to fundamentally change and enhance the systems used by businesses, consumers, and governments every day."
I just realized that Ethcore is the best investment BCAP could ever make. Yes, people can invest on the Ethereum public blockchain but enterprise side of Ethereum is where the money is at. There is a possibility ethcore could sell enterprise style ethereum to corporations for millions. There is no way for the public to invest in Enterprise Ethereum Alliance or IBM's Hyperledger but the public can invest in Ethcore. Just mi 2 cents.
I'm still upset about the conversion rate though.
I just realized that Ethcore is the best investment BCAP could ever make. Yes, people can invest on the Ethereum public blockchain but enterprise side of Ethereum is where the money is at. There is a possibility ethcore could sell enterprise style ethereum to corporations for millions. There is no way for the public to invest in Enterprise Ethereum Alliance or IBM's Hyperledger but the public can invest in Ethcore. Just mi 2 cents.
I'm still upset about the conversion rate though.
The conversionrate issue might be because its oversubscribed, basicly making each token worth more the the $1 target.
The number of tokens was fixed at 10M tokens, if they managed to get $11M before they closed the ICO, then each token would be worth $1.1, making the conversionrate seem worse.
I dont know if that what has happened, but I think its a possibility.
The conversion was fair in a way that it was very close to what we sent at the time. The thing is the actual conversion happened many days after the ICO and both BTC and especially ETH increased in value. Where would that difference go is something I particularly don't know but it should be refunded or the value of each token increased.
April 26, 2017, 06:10:58 AM
"ETHCORE’s mission is to enable businesses and organisations to capitalise on blockchain technology and benefit from the new opportunities it presents. We develop cutting-edge software solutions for enterprises and industries to unlock the full value of decentralised technology. We believe that decentralised technology has the power to fundamentally change and enhance the systems used by businesses, consumers, and governments every day."
I just realized that Ethcore is the best investment BCAP could ever make. Yes, people can invest on the Ethereum public blockchain but enterprise side of Ethereum is where the money is at. There is a possibility ethcore could sell enterprise style ethereum to corporations for millions. There is no way for the public to invest in Enterprise Ethereum Alliance or IBM's Hyperledger but the public can invest in Ethcore. Just mi 2 cents.
I'm still upset about the conversion rate though.
I just realized that Ethcore is the best investment BCAP could ever make. Yes, people can invest on the Ethereum public blockchain but enterprise side of Ethereum is where the money is at. There is a possibility ethcore could sell enterprise style ethereum to corporations for millions. There is no way for the public to invest in Enterprise Ethereum Alliance or IBM's Hyperledger but the public can invest in Ethcore. Just mi 2 cents.
I'm still upset about the conversion rate though.
The conversionrate issue might be because its oversubscribed, basicly making each token worth more the the $1 target.
The number of tokens was fixed at 10M tokens, if they managed to get $11M before they closed the ICO, then each token would be worth $1.1, making the conversionrate seem worse.
I dont know if that what has happened, but I think its a possibility.
April 26, 2017, 05:33:05 AM
"ETHCORE’s mission is to enable businesses and organisations to capitalise on blockchain technology and benefit from the new opportunities it presents. We develop cutting-edge software solutions for enterprises and industries to unlock the full value of decentralised technology. We believe that decentralised technology has the power to fundamentally change and enhance the systems used by businesses, consumers, and governments every day."
I just realized that Ethcore is the best investment BCAP could ever make. Yes, people can invest on the Ethereum public blockchain but enterprise side of Ethereum is where the money is at. There is a possibility ethcore could sell enterprise style ethereum to corporations for millions. There is no way for the public to invest in Enterprise Ethereum Alliance or IBM's Hyperledger but the public can invest in Ethcore. Just mi 2 cents.
I'm still upset about the conversion rate though.
I just realized that Ethcore is the best investment BCAP could ever make. Yes, people can invest on the Ethereum public blockchain but enterprise side of Ethereum is where the money is at. There is a possibility ethcore could sell enterprise style ethereum to corporations for millions. There is no way for the public to invest in Enterprise Ethereum Alliance or IBM's Hyperledger but the public can invest in Ethcore. Just mi 2 cents.
I'm still upset about the conversion rate though.
April 26, 2017, 12:01:16 AM
I have a hunch as to how these ICO are being funded so quickly. Is it possible that hedge fund participates (e.g. common Joe with an 401K et al. at his workplace) are participating in them unbeknownst to them by the managers of hedge funds, they augmenting the scant few from the crypto community, namely this forum where the ICO managers spend most their time after penning press releases which in turn generate quasi-organic news?
Since I know as a fact that my posts are read by 3-LAs, I'm sure they'll now give consideration to this possibility if they haven't already. Your welcome, suits.
Think about it. If a bank could have its employees create over a million bogus accounts, it's nothing for a hedge fund outfit to get its trusted employees to participate in crypto ICOs.
Since I know as a fact that my posts are read by 3-LAs, I'm sure they'll now give consideration to this possibility if they haven't already. Your welcome, suits.
Think about it. If a bank could have its employees create over a million bogus accounts, it's nothing for a hedge fund outfit to get its trusted employees to participate in crypto ICOs.
April 25, 2017, 11:14:36 PM
When go exchanges?
April 25, 2017, 11:59:15 AM
First Digital Token Sale By VC Firm Raises $10 Million In Six Hours
Blockchain Capital offers investors a new take on initial coin offerings. On April 20, 2017, the San Francisco venture firm made history by offering the first digital token backed by a venture capital firm, raising $10 million in six hours from investors. Blockchain also announced Thursday that Parity Technologies, creator of the Parity Ethereum software, is a target for investment. Parity built an ethereum client that integrates directly into browsers.
Brock Pierce, co-founder of Blockchain Capital, told Reuters that the move toward virtual currency represents a desire to "democratize access" and provide "enhanced liquidity to the venture capital asset class.” Pierce is also chairman of the Bitcoin Foundation. A pioneer in the field of virtual currency, he’s raised more than $200 million for the companies has founded.More
Blockchain Capital offers investors a new take on initial coin offerings. On April 20, 2017, the San Francisco venture firm made history by offering the first digital token backed by a venture capital firm, raising $10 million in six hours from investors. Blockchain also announced Thursday that Parity Technologies, creator of the Parity Ethereum software, is a target for investment. Parity built an ethereum client that integrates directly into browsers.
Brock Pierce, co-founder of Blockchain Capital, told Reuters that the move toward virtual currency represents a desire to "democratize access" and provide "enhanced liquidity to the venture capital asset class.” Pierce is also chairman of the Bitcoin Foundation. A pioneer in the field of virtual currency, he’s raised more than $200 million for the companies has founded.More
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