Topic: If you own 3000 or more Bitcoin, Wall Street wants your advice - page 5. (Read 9887 times)

As I told you before, people smart enough to still have control of thousands of bitcoins aren't going to be rushing for some great opportunity peddled by an ex-boiler room operator.  It's been seen before and the folks that fell for it don't have any bitcoin left.

That makes absolutely no sense.  You have already said you want 10-20k bitcoins.  Are you seeking donations?

I'm  not looking to get people to sell or provide liquidity.

I'm  not looking to get people to sell or provide liquidity.

Liquidity is the last thing a large holder of bitcoins needs to worry about these days.  Being publicly identified is a more serious risk now.  Targeted hacking and much worse is a real possibility at this stage.

I'm not worried about people stealing....it's primarily regulation. 

I fixed that for you.

If you own 3000 or more Bitcoin, Wall Street wants your advice you to own zero and for them to own 3000.

The reason I'm not simply publishing the plan on here is:
- regulation-- if this does become an offering at some point I want to avoid anything in a public forum which could be construed by regulators as an offering of securities
- it's harder to wade through Internet forums to separate trolls and serious people and on boards it's easy to be confused -- also don't want to broadcast what I think is a good idea to competitors.

3. Announce your business plan. If you think your business plan has to be kept secret because otherwise others will steal it you are probably too stupid to be in business (not just BTC, but in general).

Let me explain to you how business "stealing" works: at the time MPEx was created (Feb 2012) there existed GLBSE already, which sucked at that time. Nobody flailing around in a cloud of stupidity almost mould-like in consistency seemed to be aware of it, but GLBSE sucked. And so Mr. P decided to make a securities exchange that worked right and was run correctly.

So, pro tip #1: there's so much to do and so few people capable of doing it in Bitcoin that if your plan makes sense and you seem even remotely competent everyone else who is competent will breathe a sigh of relief. They aren't going to "steal" your idea of doing the absolutely fucking obviously banal, cause so much is needed I couldn't begin to tell you.

Pro tip #2: if you are incompetent, the people who are competent aren't going to steal your business early. They are going to steal it late, just like MPEx demolished GLBSE. They don't need early mover advantage, they will come to your market six months or a year late, break off your arms and beat you over the head with them until you are reduced to a bloody mess.

So, forget about anyone "Stealing" your business. When S.DICE was announced, a bunch of forum muppets rambled on about how it's not worth its valuation because "everyone could do it". And I laughed at them then and so to prove my point that they're laughable idiots they declared that they shall do it! It's been months, who has managed to steal the business? You can't steal any business from the competent, and if you're competent yourself you don't even try to, cause it makes no business sense.

Thus, at the very least, step 3 gives you this measure of protection, whereby other competent people know you're doing X and so don't start doing X too. It saves our time and effort, rather than doing something twice do two of the fifty billion things that still need doing.

Obviously your announcement will gather a bunch of crap from a bunch of nobodies. But lucky for you, you've been doing this by the numbers, and you have the list. You know why you don't care what Joel Katz says about anything: what people who don't run businesses say is irrelevant. You know why you care what piuk says about anything to do with the blockchain (do you?).

He hasn't answered why he just doesn't get his backers to buy from Mt Gox

So, he doesn't really have $$$ backers but rather wants to represent a pool of old money bitcoiners to the money bags of wall street to start something.

So you won't say who you are?  
I never said anything about Craigslist....I never said I was looking to buy coins, your other assumptions about the purpose of the coins were wrong ....your assumption about "locates" and long /short is wrong, like much of what you've said it's based on nothing at all ....and I really don't care what you think of Morgan Stanley....I didn't even mention MS in my original post ....only in response to armchair troll keyboard warriors like yourself who claimed I didn't really work for AF, also with no basis.....I was clear elsewhere that I started as a retail broker... that was almost 22 years ago -- I did the job much younger than average and with much better results than average and if you want to judge someone you know nothing about based on the job they had in their 20s which was two decades ago, have at it.   The $4.5-5 bn I did was almost all after MS and by transaction I mean placing money into a LP or other fund which I raised.
I know it's much easier on the Internet, hiding behind anonymity, to mudsling and make accusations ....but when there is no basis in truth and there is no statement the other person has said which is untrue or misleading then it doesn't serve the mudslinger very well.

You have said you wanted to do something about letting "average" people buy exposure to bitcoin. In my opinion, the only "exposure" they actually need is actually buying and using bitcoins, not any sort of "vehicle". The community do not need any investment bank/firm/fund backed "vehicle", only those who wants to make a quick buck needs "vehicle". The best for bitcoin in the long term is LOTS of "average" people, holding a adequate amount each, spending and using them.

I just hope you are really doing something good to the bitcoin community.

But, somewhere along the way, somehow, I gleaned enough common sense to know how to find 20,000 bitcoins (if I actually had the money to buy them) without posting on "craiglist".

My skin is plenty thick but the level of ignorance that people have to assume things without basis never ceases to amaze me.   BTW -- what's your real name and credentials/ LinkedIn etc?