Topic: [BTC-TC] BTC Growth: Capital Growth via Hedge Fund-Style Investing - page 12. (Read 251449 times)

Like I said, Neither pirate nor Madoff ever intended to run a ponzi scheme.  They just got sucked in once they started lying about their profits.

Of course he may not be doing a actual ponzi scheme.  He may just be a delusional idiot who will lose your money.

It seems a lot of the work he did was for a research lab or something (I have to look into it more), not available on Google Scholar. http://mulhauser.net/lib/research/

Even if I concede your point on academia, I think my argument still stands, unless you want to have a crack at the rest of it. Oh, I see you now just think he may be an idiot. Well, you're entitled to your opinion on that.

I'm not sure I want to wade into the crossfire here, but I feel obligated to point out that pirateat40 DID give up a lot in real life to pull off his scam. I believe he is now being hauled off to jail. Also, Bernie Madoff was very successful prior to his ill-fated ponzi scheme.

Interpret that however you like.

and my own conclusion is that the chance that he intends to run a ponzi is low.

I'm not sure I want to wade into the crossfire here, but I feel obligated to point out that pirateat40 DID give up a lot in real life to pull off his scam. I believe he is now being hauled off to jail. Also, Bernie Madoff was very successful prior to his ill-fated ponzi scheme.

Interpret that however you like.

Even if I concede your point on academia, I think my argument still stands, unless you want to have a crack at the rest of it. Oh, I see you now just think he may be an idiot. Well, you're entitled to your opinion on that.

What impressive career in academia?  I only see a single paper from him on Google scholar, some new-agey gobbledygook about 'quantum minds' written in the 90s that isn't even formatted like a proper academic article.

I have friends in academia.  A quick Google search of their name and you can find dozens of paper's they've co-authored.

If he really had a successful academic career where are his published papers?

Of course he may not be doing a actual ponzi scheme.  He may just be a delusional idiot who will lose your money.

What impressive career in academia?  I only see a single paper from him on Google scholar, some new-agey gobbledygook about 'quantum minds' written in the 90s that isn't even formatted like a proper academic article.

I have friends in academia.  A quick Google search of their name and you can find dozens of paper's they've co-authored.

If he really had a successful academic career where are his published papers?

Of course he may not be doing a actual ponzi scheme.  He may just be a delusional idiot who will lose your money.

I can't prove that you're wrong but I would at least ask you to ask yourself why someone who has had an impressive career in academia, the professions and industry would 'do a' Pirateat40. Greg would be giving up a lot to do that.

The next Pirateat40. Anyone who invests in this is going to get destroyed.

The next Pirateat40. Anyone who invests in this is going to get destroyed.

The next Pirateat40. Anyone who invests in this is going to get destroyed.

We have no idea what he is investing in, so there is no way to estimate if it is doing well or not. Only Greg knows how the fund is doing, and so he can use his insider knowledge to make trades advantageous to himself just before releasing the monthly report (which we just have to believe him is accurate). Then, whoever sees the report first will be at an advantage to buy or sell at the best rate before the market catches up.

In a couple months we may be able to look back at the reports and see the types of things he invests in, and how well he performs vs the overall market. Until then it is basically gambling?

Periodic Public Reporting on NAV

Approximately once per month, the fund's investments will be marked to market, and the issuer will publish the fund's Net Asset Value (NAV) and an overview of its current strategy and investment types. Net Asset Value will provide the basis for determining fund fees as well as providing subscription and redemption windows as described in the following section. The frequency of NAV reporting may be adjusted so as to occur more or less frequently, in accordance with participant interest; any decision to adjust the frequency of reporting will be announced publicly at least 7 days in advance.

In the case of individual equity options, for which a bona fide market does not exist, open positions will be valued using the best available data at the time -- for example applying the most recently available implied volatility for the nearest match offered in terms of strike price and expiry. Debt for which no secondary market exists will be discounted for any potential impairment as estimated by the fund manager. Investments in unlisted businesses will be valued on a case-by-case basis, with adjustments relative to original book prompted by changes such as significant changes in cashflow or new valuations implied by the unlisted business's subsequent funding rounds. The fund manager is well aware of the hazards implicit in attempting to value illiquid assets such as unlisted businesses, and therefore adjustments to original book will be made only where the case is compelling.

As a general rule, hedge funds do not disclose full trading histories, and they disclose snapshots of specific holdings only weeks or even months in arrears, if at all, so as to minimise the adverse impact on returns caused by publicizing their ongoing investment strategies. Participants who rely on portfolio snapshots to infer underlying investment strategies, or who otherwise require detailed updates on portfolio changes, should probably not invest in hedge funds in general and should not participate in a Bitcoin-denominated fund operating in a hedge fund style.

Have a look at Greg's post from August 29.

Am I missing something DrGregMulhauser, or is there no place to check the balance sheet for your fund?

Please advise.

The SEC also doesn't allow non-qualified investors to invest in Hedge Funds either.

As some participants might be aware, up until a certain threshold fund size, the SEC does not require that hedge funds disclose their holdings or their trading activity; thus, analogies based on whether the SEC or some variant is present or "missing" don't seem to bear directly on the question of disclosure for a fund of this size.