Investor Prospectus?Rob or anyone know of a something like an
investor prospectus for this masternode being proposed for potential investors? You know something one can read over that that has risks involved, ROI, contact information, etc? If i were an investor then I could make a wiser investment decision if I understood exactly whats being proposed right?
I think i heard mention of '401k' type schemes. It sounds interesting but its very hard to discern whats going on without it all in one document signed by the organization. I just find statements here and there on this forum thread. Retirement accounts are people's nest eggs after all. Maybe a phone number to talk to someone?
Maybe I could find it on the biblepay.org website? or the accountability page at the pool? That way the public at large can find it and research its merits. I might even have a friend who can go in on it. But they are not going to read this entire thread and fish out the claims and risks right?
Or will this be an announcement with a biblepay or btc address and everyone is to send their money in? That sounds pretty sketchy to me.
This may help get you started if such a thing doesnt exist yet.
https://www.prospectus.com/private-placement-memorandum-services-information/how-to-write-a-prospectus/ An investor prospectus would have a very high bar, would need a review by an investment lawyer (very pricey) and might need oversight by the SEC. One reason why ICO's are now all overseas (with I think one exception thus far), is an ICO is being handled like an IPO with oversight from the SEC. While this coin is NOT AN ICO (sorry, lots of people miss that) and I mean no disrespect to the Dev or all those involved with it, this coin should not be seen as an investment.
The road map does hope to see gains made in value, features added (like Debit Card and 401K integration) but seeing as how BTC is just now getting moving on an ETF, it's too early to really expect such a high bar from this or almost any coin short of the main four or five (BTC, ETH, XRP, maybe LTC, XMR, ZEC, NEO or NEM). At the point where BBP is in the top whatever and actually able to reasonably look at integration with 401K or even Debit cards, then that is a far more realistic time to talk about prospectus. Consider for a moment, that even XRP, which is backed by the financial industry does not have a prospectus. So if a coin with a $8B valuation cannot do that, I would think it very unrealistic to expect a $170K coin to out do them.
Funny thing is that 'Rob' calls it an investment and mentions protecting investors in numerous posts
https://bitcointalksearch.org/topic/m.24191771"I don't want to cause a division, and I welcome the community input. What everyone has to understand is
I have a responsibility to also protect the investor also, so things that make it to prod are hard to change."
I mean revisionism/double speak is always a defensive tactic but come on guys, the masternode is clearly an investment.
As for the other points saying that others are doing it so can we. I disagree. If you want to associate the project with the Bible and call it a currency for 'Christians' you are going to be held to a very high standard of integrity and transparency
You and 'Rob' share similar writing styles. Two accounts? Or maybe you are an ardent team member.
see Step 11 above(oh and thanks, i will revise the list to include 'never ever pretend the coin is an investment". Rob did though so lessons learnt.
"He who has ears let him here... You will know them by their fruit"