SANDSTORM: - A Collective Investment Vehicle for BTC. - - page 16.

jmutch

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Quote from: 🏰 TradeFortress 🏰 on June 07, 2013, 04:36:19 AM

Quote from: jmutch on June 07, 2013, 12:18:30 AM

Current Assets

2500 AMC shares bought at @ .0005

Kthnxbye.

Haha you trader snob! To be honest that is just a quick buck. I have no faith in AMC, it's just a short term opportunity. What's wrong with buying something for .0005 and selling it 3 days later for .0007?

Quote from: BitHub on June 07, 2013, 05:42:36 AM

Kind of interesting what you're doing, I'm also based in Australia and doing something similar, my fund pulled in "Total Weekly Divs = 2.81010797 BTC" this week so far. I do trading pretty much full time. Would be interested in getting a bunch of us together in the same office or something.

Interesting idea. Only thing is I imagine overheads would be high. I like your thinking though. Im in Melbourne. Where are you? Ill PM you tomorrow.

Tadpoles, have a look at the google docs for more details.

BitHub

sr. member

Activity: 253

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Kind of interesting what you're doing, I'm also based in Australia and doing something similar, my fund pulled in "Total Weekly Divs = 2.81010797 BTC" this week so far. I do trading pretty much full time. Would be interested in getting a bunch of us together in the same office or something.

🏰 TradeFortress 🏰

vip

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👻

Quote from: jmutch on June 07, 2013, 12:18:30 AM

Current Assets

2500 AMC shares bought at @ .0005

Kthnxbye.

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

Quote from: jmutch on June 07, 2013, 12:18:30 AM

Weekly Report:

I haven't been able to get this fund onto an exchange as of yet. Burnside has indicated that after operating the fund for awhile he will put it to a vote on btct.co.

For this reason I am the majority shareholder. Only a small amount of shares have been purchased by other people. This week all profits are going to dividends. The dividends that I receive this week will go to next weeks carry over.

Profits
.9BTC from trading AM-PT shares
.42BTC from trading basic shares
.2 from trading AMC shares
.38BTC from AM share dividends

~1.9BTC gone to dividends

Current Assets

2500 AMC shares bought at @ .0005
48 BTC

https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=0

So 1.9 BTC/40,000 = .0000475 BTC per share dividend (to save people from doing the math).

jmutch

full member

Activity: 196

Merit: 100

Weekly Report:

I haven't been able to get this fund onto an exchange as of yet. Burnside has indicated that after operating the fund for awhile he will put it to a vote on btct.co.

For this reason I am the majority shareholder. Only a small amount of shares have been purchased by other people. This week all profits are going to dividends. The dividends that I receive this week will go to next weeks carry over.

Profits
.9BTC from trading AM-PT shares
.42BTC from trading basic shares
.2 from trading AMC shares
.38BTC from AM share dividends

~1.9BTC gone to dividends

Current Assets

2500 AMC shares bought at @ .0005
48 BTC

https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=0

jmutch

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Activity: 196

Merit: 100

Application submitted to btct.co!

Wish me luck!

jmutch

full member

Activity: 196

Merit: 100

Quote from: furuknap on June 01, 2013, 12:33:21 PM

Quote from: jmutch on June 01, 2013, 12:29:10 PM

These are only some possible ideas. The world of BTC is obviously dynamic and I intend to be ahead of trends.

I know what you're saying because you've already said it. The issue I have is that this is too vague. 'Whatever comes up' is not a sound investment strategy and with zero credibility or track record, you'll have a hard time convincing anyone that you'll be able to better judge what those upcoming things are worth.

In short, stick to an investment profile so investors know what they are buying. 'Anything I can find' isn't a strategy, it is a lottery.

.b

PS: I understand you will make some form of judgement on new opportunities, but like I mentioned, you have no credibility to prove that you are better at making those judgements than anyone else.

Thanks furknap, This is very constructive.

It's something i will have a think about. Percentages of the fund could be dedicated to different activities. I definitely see benefits to a more structured approach. it could also limit a few opportunities though... leave it with me. Thanks again.

I look forward to responding to more ideas, critiques, and opinions in the morning. night

furuknap

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Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: jmutch on June 01, 2013, 12:29:10 PM

These are only some possible ideas. The world of BTC is obviously dynamic and I intend to be ahead of trends.

I know what you're saying because you've already said it. The issue I have is that this is too vague. 'Whatever comes up' is not a sound investment strategy and with zero credibility or track record, you'll have a hard time convincing anyone that you'll be able to better judge what those upcoming things are worth.

In short, stick to an investment profile so investors know what they are buying. 'Anything I can find' isn't a strategy, it is a lottery.

.b

PS: I understand you will make some form of judgement on new opportunities, but like I mentioned, you have no credibility to prove that you are better at making those judgements than anyone else.

jmutch

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Activity: 196

Merit: 100

Quote from: furuknap on June 01, 2013, 12:18:09 PM

Quote from: jmutch on June 01, 2013, 11:48:47 AM

Anyone want to humour me and become the second shareholder. I mean they are .001BTC each.

I would like to see more information first, and preferably at least an application on BTCT.

For example, I can't really determine if this is a fund, bond, or company. You call it a company but pay dividends like it's a bond and hold other assets like it's a fund.

Ignoring the possibility of a ponzi, it does seem a bit chaotic to me. I would like to know clearly what your portfolio and income will be beyond the vague 'BTC related' description you have now. Am I investing in mining? Gambling? Bakeries in Mexico? It is very difficult to understand what my benefits would be, beyond handing over my portfolio to you for you to use however you feel like (as long as it's related to BTC somehow).

.b

This is fair enough. At this early stage 90% of profit is coming from intra-week security trading based around fluctuation due to dividend releases. A small amount of profit is from trading BTC against the USD.

This wont be sustainable with a larger capital base and other systems will be implemented. i.e. buying mining hardware in bulk and selling to the Australian market.

These are only some possible ideas. The world of BTC is obviously dynamic and I intend to be ahead of trends.

jmutch

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Activity: 196

Merit: 100

Quote from: burnside on June 01, 2013, 12:13:30 PM

Quote from: jmutch on June 01, 2013, 11:17:28 AM

Cheers burnside, at last something constructive. Transparency may as well start now. This is my trading profile at btct.co:

https://btct.co/api/act?key=xxx
I got 5 "real shares which could be confirmed by Friedcat or Gyom.

That's probably not the one you want to use.

Hit the "Settings" tab on the Account page, there's an option there "Public Portfolio". If you turn that on, then on the "Account Information" page it will give you a URL to share out.

Cheers.

Thanks again burnside,
https://btct.co/portfolio/gLk7Eg==

furuknap

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Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: jmutch on June 01, 2013, 11:48:47 AM

Anyone want to humour me and become the second shareholder. I mean they are .001BTC each.

I would like to see more information first, and preferably at least an application on BTCT.

For example, I can't really determine if this is a fund, bond, or company. You call it a company but pay dividends like it's a bond and hold other assets like it's a fund.

Ignoring the possibility of a ponzi, it does seem a bit chaotic to me. I would like to know clearly what your portfolio and income will be beyond the vague 'BTC related' description you have now. Am I investing in mining? Gambling? Bakeries in Mexico? It is very difficult to understand what my benefits would be, beyond handing over my portfolio to you for you to use however you feel like (as long as it's related to BTC somehow).

.b

burnside

legendary

Activity: 1106

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Lead Blockchain Developer

Quote from: jmutch on June 01, 2013, 11:17:28 AM

Cheers burnside, at last something constructive. Transparency may as well start now. This is my trading profile at btct.co:

https://btct.co/api/act?key=xxx
I got 5 "real shares which could be confirmed by Friedcat or Gyom.

That's probably not the one you want to use.

Hit the "Settings" tab on the Account page, there's an option there "Public Portfolio". If you turn that on, then on the "Account Information" page it will give you a URL to share out.

Cheers.

jmutch

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Activity: 196

Merit: 100

Quote from: 🏰 TradeFortress 🏰 on June 01, 2013, 11:34:32 AM

It's a fund, no problems with buying it yourself. Didn't you say that you want to buy 66% of your IPO?

To be frank, you're really not going to get approved if you apply now.

This is good news to me that it's not looked down upon. Considerer 40000 shares sold to myself.

Yeah thanks for the honest opinion on the application. Noted, this is why want to have a period away from there, to gain some trust.

Anyone want to humour me and become the second shareholder. I mean they are .001BTC each.

Quote from: 🏰 TradeFortress 🏰 on June 01, 2013, 11:45:14 AM

Or voting with unsold shares, like what we had with NYAN.

This will never happen.

🏰 TradeFortress 🏰

vip

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Or voting with unsold shares, like what we had with NYAN.

Deprived

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Quote from: jmutch on June 01, 2013, 11:32:12 AM

Quote from: Deprived on June 01, 2013, 11:01:44 AM

Quote from: 🏰 TradeFortress 🏰 on June 01, 2013, 10:56:52 AM

Which is exactly what I did. Throughout the early stages I held up to 30% of the fund.

It's what I did as well - paid listing fee myself and have never held less than 40% of the fund (currently hold a bit over half of the main fund and over a third of the 250 BTC-worth of bonds issued).

Is this kind of self buying not looked down upon?

Why would it be looked down upon? I'm far more concerned if I see someone selling something that they won't put their own money into. And, as I mentioned earlier, there's a potential conflict of interest if you manage your own investments seperately from an investment fund you run. If you see some bargain shares who do you buy them for - yourself or your fund? How are your investors meant to have confidence that you'll put their interest first?

The answer to solve the issue of investor confidence largely IS to put your own money in the fund. Then investors KNOW you'll largely act in their interest - as it's also YOUR interest.

Where it would get out of line would be if you bought the majority of voting shares in a company you ran and then forced through motions against the interests of other investors. But that shouldn't be allowed even if it wasn't your own company (in RL there are means in place to act against controlling interests who vote or otherwise act in a manner detrimental to the company/minority shareholders for their own personal benefit).

🏰 TradeFortress 🏰

vip

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It's a fund, no problems with buying it yourself. Didn't you say that you want to buy 66% of your IPO?

To be frank, you're really not going to get approved if you apply now.

jmutch

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Quote from: Deprived on June 01, 2013, 11:01:44 AM

Quote from: 🏰 TradeFortress 🏰 on June 01, 2013, 10:56:52 AM

Which is exactly what I did. Throughout the early stages I held up to 30% of the fund.

It's what I did as well - paid listing fee myself and have never held less than 40% of the fund (currently hold a bit over half of the main fund and over a third of the 250 BTC-worth of bonds issued).

Is this kind of self buying not looked down upon?

Quote from: 🏰 TradeFortress 🏰 on June 01, 2013, 11:20:27 AM

Quote

Listing on btct is an initial risk which will be solely paid for be me not sandstorm.

Risk ??

~~How do you expect this to succeed when you're unwilling to take any kind of 'risk', especially a $70 listing fee? It's an expense if you want to have a shot at getting it listed.~~

This 5BTC fee is nothing to me in terms of this project. It is a small expense for something I am passionate about.

I was planning on leaving this post for a week before applying to btct.co to see what people had to say.

Would it show more integrity to apply now?

🏰 TradeFortress 🏰

vip

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Oh, I take that back, my apologies. And derp math, I was thinking in terms of when I listed my asset Tongue

danieldaniel

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Quote from: 🏰 TradeFortress 🏰 on June 01, 2013, 11:20:27 AM

Quote

Listing on btct is an initial risk which will be solely paid for be me not sandstorm.

Risk ??

How do you expect this to succeed when you're unwilling to take any kind of 'risk', especially a $70 listing fee? It's an expense if you want to have a shot at getting it listed.

I'm not supporting this, but he said that he would pay for it. Also, it's more like ~$600, not $70.

Deprived

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Quote from: 🏰 TradeFortress 🏰 on June 01, 2013, 11:20:27 AM

Quote

Listing on btct is an initial risk which will be solely paid for be me not sandstorm.

Risk ??

How do you expect this to succeed when you're unwilling to take any kind of 'risk', especially a $70 listing fee? It's an expense if you want to have a shot at getting it listed.

You misread what he said. He said he WOULD pay the listing fee himself.

Topic: SANDSTORM: - A Collective Investment Vehicle for BTC. - - page 16. (Read 35774 times)