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Topic: Bitcoin Decentralized Fund - BDF (Read 752 times)

newbie
Activity: 26
Merit: 0
July 13, 2013, 03:05:57 AM
#2
Bitcoin Decentralized Fund - BDF
Reserved
Honey Badger - Out.
newbie
Activity: 26
Merit: 0
July 13, 2013, 02:49:43 AM
#1
Bitcoin Decentralized Fund - BDF

The Pitch:

We, the distributed, have recently completed a decentralized trade engine, this will form the framework of your new Bitcoin Decentralized Fund - BDF. BDF's trade engine is not open source, it is not for sale and we are not interested in making discussion about its performance parameters. Suffice it to say, it is not magic, and it is certainly not the latest and greatest in future predicting multi-dimensional quantum logic computation with quantum electron pair communication. It is, however, proven profitable (at least 20% above base rate per annum). The system and engine is very scale-able and we work for our fee to provide a safe investment. The only detail we will release on the engine's inner workings is that it uses a basic stop loss measure when trading.


Security is important:

That being said, when you provide the key to us for your dividend and withdrawal, your security is something you should take very seriously, please employ basic measures to protect yourself, use of paper/offline wallets, anti-virus, firewalls, screen/keyboard and operating system privacy protection measures, avoidance of interaction with public networks and wifi tethered terminals, if you think the computer you are using smells bad, walk away. And do not give your address/private key to your Boyfriend/Girlfriend/Wife/Mother/Father/Aunty/Sooty the Cat, unless you absolutely intend that they keep it, should your amicable relationship become sour. Keep your money safe and backed up. We also do not advise that you pour all of your savings into our fund, in fact, if we think that you are over committed for any reason, we reserve the right so send your funds back. We will not be held responsible for loss of funds. You can talk about our reputation, rate of return on investment, the size of the dividend, our accounts, discuss whether I have bigger boobs than my partner, and otherwise demonstrate your rights of free speech, of course.

Our Proposition:

The minimum level of interest in the fund is 10 bitcoins ( btc ) and the maximum for any single user is 100 bitcoins ( btc ) . You are not buying shares, you are renting our management time and computers at 15% fee of profits.

You will receive to your selected address, a dividend of 40% earnings, in arrears (you get paid for last months earnings), paid monthly on the 2nd day of each calendar month and subject to a minimum two weeks deposit.

The rest of the profit is divided inside the fund, your account will receive 30% profit accrual (profit earned which can later be withdrawn), 15% is loss buffer insurance (added to account for withdrawal but not actively traded), 10% is spent to run and secure the engine and 5% is our fund fee.

Purchasing:

Message me to receive details for your ssh login to make your first investment.

Thank you for reading Smiley

Bitcoin Decentralized Fund - BDF welcomes your interest.


The Nitty Gritty:

You may message me via private message on this forum to receive details of how to log in to a terminal on a remote box using an ssh key (We do not care if you think ssh is good or bad, it works sufficiently) (you will need putty or kitty in windows, linux users will probably already know how to do this, if not, will you kindly refer to your manuals/google). You will log into a dummy drop user. On this drop user you will find instructions to fund a bitcoin address with your selected investment. You may then upload your preferred public key for the wallet that your funds will be returned to, N.B. DO NOT UPLOAD, TRANSMIT OR OTHERWISE EXPOSE YOUR PRIVATE WITHDRAWAL KEY, IF YOU UPLOAD OR OTHERWISE COMPROMISE YOUR PRIVATE KEY ON THIS SYSTEM YOU WILL HAVE YOUR FUNDS RETURNED AND YOU WILL BE PERM BANNED, NO QUESTIONS. All users account submissions are then processed and the login deleted, the instructions to action your withdrawal, when you inevitably make this choice, will be included in your starter pack. This procedure is partially a competency test and partially a commitment test, any attempts to hack or otherwise compromise the cold wallet stored in these drop users will fail due to basic security measures that we have already taken. Also, be clear, once you deposit these funds to us, they are at risk.

We will then take security measures with your funds and allow the trading engine to use the money to generate profit.

You may then request withdrawal of these funds automatically (no human interaction) with a simple 48 hour cooling off period, this allows the funds to be returned, closing relevant positions, by the engine to your selected wallet. Instructions to send this withdrawal signal will be given to you on arrival in your secure ssh login.




If you have a problem with any of these rules and payment terms you need not apply.

Reporting:

Accounts will be published monthly to a pastebin in an unlabeled array. Your method of dispute is simple, you can always withdraw your funds automatically.

Your investment can go up as well as down in the short term, it is our long term goal to earn our fee and make you very wealthy intrepid entrepreneurs.


And for the lonely hearts, the scammed, the lost and the disbelievers:

The Objections:

1) Yes, the distributed nature of BDF's trading engine is expensive to run, it is also considerably safer for you to invest in BDF because of our additional multi layer redundancy and decentralization.

2) This is not a scam:

Our motivation for allowing you, the public, access to our trading engine is two fold, we would like to recoup our investment as quickly as possible and we would like to earn some money. If you fail to understand that we perceive that growing BDF to your benefit is our chief priority and think that we could be scammers, then please keep your opinion to yourself and let the accounts and the withdrawal system provide the impartial proof of our seriousness in protecting your investment and our trading reputation.

3) This is not a pyramid scheme, we will have a load/maximum number of customers that we will be able to serve and referrals are not rewarded. Some prospective users will be refused access and some will never receive the message with instructions back.


Addendum:
I am toying with release of our small benchmark BDF alpha, if you express interest in this, you may message me, the rules/systems are are the same but the limits are 1 BTC to 10 BTC, this test alpha carries a cost with a full 50-50 profit-fee split.

Bitcoin Decentralized Fund - BDF
Honey Badger - Out.
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