[CANCELLED] Mainstreet Investment LP (MIT) SECURITIZED BLOCKCHAIN ASSET - page 9.

KitcatCat

member

Activity: 98

Merit: 10

Quote from: ?? on ??

Quote from: tripwirearmpit on January 08, 2017, 11:13:13 AM

I dont care if he's on CNN. Hes a law breaker, a criminal and I can never trust him. The same way I would never hire a criminal to work in my restaurant.

Criminal is a big word, if you were around at the time Charlie was arrested you would know more about the reasons why he got arrested.
It was mainly for Fincen to prove their case before the bitlicence got put in place. He was arrested because he didn't have a money transmitter licence at a time when regulations were barely in place.
He was running Bitinstant one of the first bitcoin exchanges. The community at the time was very supportive of Charlie and still are. However newbies don't know this and only judge by what they hear around.

Mainstreet is not asking anyone to invest in their fund. Everyone is free to do as they please. However you should respect people that helped make Bitcoin what it is today, Charlie is one of these people.
He took one for all of us and I personally respect him for that. He's done his time and now wants to get back in the space with a new idea that has never been attempted before.

It's fine to be wary of new projects, better be safe than sorry. Make your own judgement before you invest any money in any new project.
But don't forget the contribution of people that came before you to this space and helped Bitcoin grow.

My 2 cents.

I dont know about the other guy but I dont respect any felon or support them.

electronicash

legendary

Activity: 3178

Merit: 1054

if you guys hasn't assigned someone to translate this ANN thread to Filipino, I'm available. I have been translating ANN threads from time to time and gets to update the thread whenever there is the need to. if i find something to update my readers i will do it. Will check back this thread for the response.

Marina_T

full member

Activity: 195

Merit: 100

Mainstreet team, any comments on the below please?

Quote from: Marina_T on January 06, 2017, 03:30:34 PM

Had a look at the offering memorandum v.2. Improving investor economics to 50% vs 30% is great, thank you.

How would you explain introduction of 5% management fee though? Seems high + you will be paid ahead of investors which does not seem to be in line with the preferred return concept.

Also, you do not seem to have any independent signatures on your ETH wallet, not sure it counts as proper escrow.

Finally, you are planning to convert BTC to ETH immediately upon receiving. I guess given you don't have a refund feature it does not matter so much. Otherwise not sure I would be so happy to get ETH back at an unknown exchange rate after investing BTC, should the ICO not go ahead.

moroseneng

sr. member

Activity: 448

Merit: 250

Still waiting for the escrow Huh

tripwirearmpit

member

Activity: 70

Merit: 10

Working to pay the bills and keep the lights on.

Quote from: ?? on ??

Charlie featured on bitcoin.com

Charlie Shrem Speaks About His New Investment Fund

I dont care if he's on CNN. Hes a law breaker, a criminal and I can never trust him. The same way I would never hire a criminal to work in my restaurant.

tripwirearmpit

member

Activity: 70

Merit: 10

Working to pay the bills and keep the lights on.

Why are you guys supporting a convicted felon?
Like seriously, WHY?

torikan

hero member

Activity: 518

Merit: 500

It is a beautiful and detailed narrative. I wanted to read all your writings,
but I'm bored. Grin

BTCnoobTard

member

Activity: 70

Merit: 10

Quote from: Ellen Alemany on January 06, 2017, 01:23:43 PM

via Imgflip Meme Generator

Amazing meem. You are a very funny man.

Authoritai

newbie

Activity: 40

Merit: 0

Quote from: Biitcoin on January 05, 2017, 10:24:20 AM

Quote from: MainstreetLP on January 05, 2017, 08:47:56 AM

Quote from: Biitcoin on January 05, 2017, 08:24:12 AM

Has the launch date changed ? I saw the countdown "15 days" a few days ago while Its 17 days now. I also think that the marketing is a bit weak , I only see a few people who are wearing the signature while there are no ads on the forums or in crypto related sites either. Is it possible to invest using BTC If I'm not from Europe or USA ?

Hey hey,

Because the token is closed to US and EU investors, you won't see much marketing on English language sites. Most of the heavy marketing is in China right now

Yes, the token sale is Jan 23

If someone from Africa or Asia for example wanted to invest , how do you know from where he is ? providing ID scan is a must ? I also wants to know , by holding the Mainstreet tokens from the ICO , what would the users gain ? your project looks pretty much like ICONOMI and I want to see the differences and the profit possibilities between the two to decide where to invest.

We are cooperating with compliance partners who will be verifying the address and identity of people who are participating in the token sale.
By holding the tokens, and having a fully verified account - owners of MIT token would be entitled to a dividend.

Authoritai

newbie

Activity: 40

Merit: 0

Quote from: poloniexwhale on January 05, 2017, 09:26:53 AM

Quote from: MainstreetLP on January 05, 2017, 08:47:56 AM

Quote from: Biitcoin on January 05, 2017, 08:24:12 AM

Has the launch date changed ? I saw the countdown "15 days" a few days ago while Its 17 days now. I also think that the marketing is a bit weak , I only see a few people who are wearing the signature while there are no ads on the forums or in crypto related sites either. Is it possible to invest using BTC If I'm not from Europe or USA ?

Hey hey,

Because the token is closed to US and EU investors, you won't see much marketing on English language sites. Most of the heavy marketing is in China right now

Yes, the token sale is Jan 23

In China? Where? I don't actually see Chinese promote it, I ask Chinese friends, they don't know this coin. Also, don't see Chinese post here.

We have recently put out a few chinese articles:
http://www.gongxiangcj.com/show-22-2952-1.html
http://www.gongxiangcj.com/show-22-2936-1.html

We also have a Chinese bitcointalk thread here: https://bitcointalksearch.org/topic/m.17293236

BlackberryMaximalist

newbie

Activity: 2

Merit: 0

Can you stockpile dividends owed to you as a holder of MIT?

davide72

legendary

Activity: 2226

Merit: 1014

hi dev are you planning to have translating bounties ? thanks

MainstreetLP

member

Activity: 98

Merit: 10

Mainstreet.ky - 1st Securitized Blockchain Asset

Quote from: zahra4577 on January 06, 2017, 03:34:31 PM

Looks like this is for making rich richer project.If initial price is set to high,how can small time investors like me going to invest?

The price will be $1 per MIT. You can invest as little or as much as you want!

Ellen Alemany

member

Activity: 85

Merit: 10

Quote from: zahra4577 on January 06, 2017, 03:34:31 PM

Looks like this is for making rich richer project.If initial price is set to high,how can small time investors like me going to invest?

Of course. What do you expect when a convicted criminal is at the top of the totem pole.

zahra4577

hero member

Activity: 518

Merit: 500

Looks like this is for making rich richer project.If initial price is set to high,how can small time investors like me going to invest?

Marina_T

full member

Activity: 195

Merit: 100

Had a look at the offering memorandum v.2. Improving investor economics to 50% vs 30% is great, thank you.

How would you explain introduction of 5% management fee though? Seems high + you will be paid ahead of investors which does not seem to be in line with the preferred return concept.

Also, you do not seem to have any independent signatures on your ETH wallet, not sure it counts as proper escrow.

Finally, you are planning to convert BTC to ETH immediately upon receiving. I guess given you don't have a refund feature it does not matter so much. Otherwise not sure I would be so happy to get ETH back at an unknown exchange rate after investing BTC, should the ICO not go ahead.

Ellen Alemany

member

Activity: 85

Merit: 10

via Imgflip Meme Generator

AleScamHole

sr. member

Activity: 504

Merit: 250

Don't you looooooove how offensive my name sounds?

Quote from: alicex on January 06, 2017, 07:43:06 AM

can we trust this team? lol
they wanna earn money from chinese.

Can you trust a guy who served time for helping the notorious silk road? sure, why not? Cheesy

He dosent WANT to earn money from the chinese, but the US has forbidden him from selling anything to Americans or citizens in the EU, so he HAS to hit up the china ;p

It sounds horrible haha, but he's a solid dude, look him up

im NOT investing as for me its too slow, quarterly dividends ? of what, MAYBE 5% ROI each time? i KNOW thats normal for "real world" finance, but this is Crypto, baby! ;p

i ROI every 100-200 days, then usually sell the asset to "double" my money. rinse and repeat.
So this just dosent fit my personal investment style, too slow.

alicex

sr. member

Activity: 364

Merit: 250

can we trust this team? lol
they wanna earn money from chinese.

VancityBlockchain

newbie

Activity: 8

Merit: 0

Quote from: Biitcoin on January 05, 2017, 08:24:12 AM

If someone from Africa or Asia for example wanted to invest , how do you know from where he is ? providing ID scan is a must ? I also wants to know , by holding the Mainstreet tokens from the ICO , what would the users gain ? your project looks pretty much like ICONOMI and I want to see the differences and the profit possibilities between the two to decide where to invest.

To participate in the ITO, you must be registered on the exchange that is initializing the sale. The specific exchange is TBD from my understanding. Also, yes, I believe you must provide ID (register) to participate in the initial ITO. Afterwards you can trade the MIT token freely, to anyone, however there may be issues when trying to receive distributions if you're from US or EU at time of quarterlies.

Topic: [CANCELLED] Mainstreet Investment LP (MIT) SECURITIZED BLOCKCHAIN ASSET - page 9. (Read 23241 times)