Topic: How to Become a Bitcoin Investor in 8 Easy Steps (comic relief) (Read 3707 times)

This also what he called me... Give me Five ,mate.

Exactly suited to Furuknap ,especially the 4 and 5....

Simply brilliant, point # 5: Bjørn Furuknap who called me an idiot when I asked him to stop trolling 100th investment thread and to go back to his thread where he was trying to sell his 20 BTC Metabank ASIC  as a "mining bond" for 400 BTC

What I don't know is why you're encouraging the shit.


That's nonthink.


This is actually a good point, especially 5.

It's so rare these days I end up impressed with the posts of new users. Well done.


Yeah. Jared Kenna is still going to conferences, and people sit down with the guy. Fabulous.

Dudes, I love what you've done with this thread.


Details, please.


And then the idiots get broken and MtGox creates a new bubble and a new set of muppets gets sucked in and it starts over. EXACTLY the same.

And I've been trying to hammer this shit system that everyone else tolerates (Gavin, yes, you too!) because "have to be nice" or because "getting a cut" or because too stupid to think or for whatever other reason. And so has MP, for longer than I have (actually that's precisely why he's paying me to be here).

Perhaps, but there's always a source of fresh recruits you'll get automatically get once they've bought in and have a stake in the program.

13. You don't actually need to do any work creating the fanbois - the fanbois will come.

All you need to do is to create a semi-decent thread in bitcointalk->Securities and then get your issue as quick as possible on either BTCTC or BitFunder ASAP.

The moment you get your issue officially on either exchange then you are now in the clear.

Success! Your issue is now trading, you are now "legit" and the fanbois will come from your initial purchasers. And with each post you add to your thread, you will have the added security of your fanbois attacking detractors and defending you, making your work easier.

Give me an A, give me an M, give me a C!

He should have changed his first name to Jason to fit in better.

10. It doesn't matter how many mistakes/failed issues you've had in the past. All is forgiven and should be. Questions about the past are ignored/brushed aside as irrelevant and changing the topic. Let's keep the topic on the current issue please.
11. When questioned about lofty valuation or high management fees, appear to be above it all and try to justify it with as many reasons as possible. Including that it's a lot of work and time commitment. Never talk about the real reason why your issue has unjustified valuation or management fees, which is really that you want to MAKE MONEY.
12. Create press releases on a regular schedule to bump your own issue thread. It doesn't matter if the press release has any substance to it, so long as it has a decent amount of text. Be mysterious and create suspense/hype as you drop hints about future exciting announcements/press releases, also using these to bump your own thread.

You forgot my blog, tsukino.ca.

Someone should do How to Become a Bitcoin Securities Issuer in 8 Easy Steps

1. Come up with an edgy name that sounds shady or has shady elements (i.e. Pirate, Nefario, Thieves, Diablo, PsychoticBoy, DeadTerra, Slaughter, Nasty, Deprived)
2. If not an edgy name, have a weird name (i.e. friedcat, usagi)
3. Have character and an ego. Have a blog that shows that you are edgy/weird (i.e. Mircea Popescu, furuknap)
4. Be able to write a slick first post of a thread with lots of hype and basically imply that if someone doesn't invest with you they are missing out BIG TIME. Basically be a great salesman.
5. Be able to spend x # of hours on bitcointalk so that you can defend your security/securities against a) other issuers and b) experienced investors. It does not really matter the content of your posts so long as your posts have enough text to seem to make sense. And also you tend to get the last word in.

Anything else?

And though we laugh at the folly of the green investor blaming the unforgiving market for his losses, it actually isn't that much of a stretch to imagine a disgruntled investor complaining to the relevant prosecutors or regulators that the issuers of these so-called "securities" are in violation of U.S. or European securities laws in an attempt to get redress for their losses.

This is one of the ticking time bombs in this investment space that doesn't get much attention.  When and if it hits, it will be a big deal.

As just one example, if K. Slaughter of AMC fame really is someone living or working in Missouri, this is one of the things that could bring his house of cards crashing down.

I think we're headed back to mid-2012 GLBSE era.  Where everyone gets to run a security and the possibilites (for losing money) for investors are endless.  Bitfunder doesn't even require that they have a forum thread or a means of contacting the issuer - and issuers can have the option of editing their contract at will (which I guess is ONE way of making sure they don't break their contract - just not really the best way).  They can even convert a bond to a fund without a vote or even any proper notification (already been done once - the face value and guarantee were removed from a security with shares outstanding).  For a while you could even list a business without disclosing what area of business it was in.

The good old days are coming back.

2012 was a full six months ago now. The crowds have already forgotten or been replaced by new "enthusiasts" as a new cycle starts. Maybe the crowds miss the circuses? Maybe these masochists want to be the animals whipped in the ring and are glad to pay the price of riding the hype till it hurts (again).

Lol @"peer review process".

Are we back in 2012, the year of citizen dentistry?


Eskimo Bob beat you to that one. Should have started earlier.

I don't understand how they got listed in the first place. Is it really that easy?  
I just submitted application to get my company listed, It will be called BULLSHIT-PT.
BULLSHIT-PT is in talks with a major company to produce next gen 28nm Toaster/Miner.

I will announce on the next announcement when its announced, with a pre-anounment countdown timer. Please sign op for my newsletter for a pre-pre-anounment.

I think pass-throughs in general will always get a much easier ride from Moderators because:

1.  Moderators assume (rightlyy or wrongly) than the security has already passed some detailed examination,
2.  Moderators know the contract for the underying asset can't be changed whatever they say.

And pass-throughs should in general be approved anyway provided the contract for the pass-through itself is clear and there's reasonable grounds for believing the issuer will maintain proper backing.

All a pass-through really needs for approval is to define how its shares relate to ones in the underlying asset.  Risks associated with the underlying asset are pretty irrelevant when approving it - as those are explicitly the investors' responsibility to determine and assess (it's similar to why it wouldn't be appropriate to reject a gold fund just because you thought gold was a bad investment).  Personally I'd have voted NO because the underlying asset is so terrible - but I don't believe moderators have a responsibility to make that judgment call.

I don't have a problem with idiot investors on BTC-TC throwing their cash away either - clearly they also need a wake-up call.  I'd bet most of them don't realise that not only is their investment diluted by Ken's own but also by existing investors who bought in for a fraction of the price - with there being no significant actual new assets or improvement in outlook justifying a massive increase in valuation.

I don't think Ken's anywhere near finished milking them yet - and good luck to him.  He needs to hurt investors for a few million for there to be any chance of the message getting through when it all gos horribly wrong and the realisation dawns on them that they have zero chance of ever making back what they invested.

What is your take, then, on the fact that the pass-through for AMC was approved on btct?  bad idea?

Certainly a start.

I hope they also get married the same way.