Topic: [Smidge.Com A] - IPO on Bitfunder (Read 3068 times)

Voting is locked, IPO preparation underway. Thank you for participating!

More info/further updates in the main thread:
https://bitcointalksearch.org/topic/smidgecom-a-virtual-actively-managed-multi-asset-digital-currency-fund-259772

This poll is about Bitfunder only. More info will be released soon.

The Security will most likely available on bitfunder & btct at the same time.

I would also prefer BTC-TC.

Smidge, I would prefer you do not list on BitFunder. Please consider Havelock or BTC-TC, which both have trading API's. Also, WeExchange sucks—6 confirmations, no 2FA required on withdrawals, & no address book.

Thanks for the answers.

Why did you buy BFMINES in the first place?


Also thanks for the DCX, I'm adding the value to my spreadsheet now. How do you calculate the CIPHERMINE value? Do you use current LTC/BTC rate from BTC-E, or average, or what?

Hi Progressive,

Thx for your questions. A lot of this has been answered in https://bitcointalksearch.org/topic/smidgecom-a-virtual-actively-managed-multi-asset-digital-currency-fund-259772 but here goes:


Yes. The plan is currently not to expose the fund to more than 15% in those assets. I know where you are coming from though, Ciphermine was a big deal for a small fund. The long term potential and the management team are outstanding. But as we move forward, it's share will dilute to a point where it's tolerable for everyone.


It depends on the exposure to LTC, which is expected to be rather low in the long term and the fund's size. I cannot answer with yes or no at this point.


This is currently being discussed, but we are aiming for at least +50% of the pre-IPO price.


Yes, of course. And before you ask, there is also a dead man switch in case I decide to go to the bar, have a cold etc.


I'll be honest with you: The position's size is 0.19 BTC and it hasn't found a buyer yet, at the price I listed it


Usually, they are a mix of the two or at least exposed to fiat. Reason being that they often have to procure assets in fiat.


Because my passions are markets, economics, new trends, investing, IT, plus I have a technical and sales background. It's the perfect storm for me.


I cannot really give you a time or event, because I have new ideas and projects all the time. The individual journeys are the reward.


Sure, thanks for asking.

I'd like to see this listed.

On a side note, what the fuck is with all the "reserved" posts? What are you reserving for...

1) Your plan is to also trade altcoins (or altcoin denominated assets like CIPHERMINE) - how big exposure risk do you have in mind?

2) Do you plan any kind of "insuring" against the LTC/BTC volatility?

3) What will be the IPO price (related to NAV/U)?

4) Do you use 2FA?

5) Why are you holding BFMINES?

6) Do you view mining operations in general as being BTC denominated, fiat denominated or a mix of the two?

7) Why have you personally decided to do this?

8 ) How will you know when you have met your personal goal of why you are doing this?

(I copied some of the questions from other threads)

If there are no reasons posted for "No" votes, we could aswell count them as "Yes"

Seriously, please post your doubts and/or questions if you have any. I'd be happy to answer them.

Hi drawingthesun,

Planned IPO date is coming Saturday, Aug 10th.

100% of all IPO funds will go into investments. As with the private shares currently being sold with no fees whatsoever, 100% of your capital goes to work immediately, meaning your coins generate ROI the moment you acquire the shares.

What's the IPO price and date/time? I might be interested. Will 100% of IPO funds be used for investing?

reserved

Sounds interesting. Will be watching and following.

Btw, "beating the market" is just a sales pitch word used by everyone. If it were that simple than everyone would be beating the market.

reserved

reserved

reserved

Reserved

Reserved.