Topic: [Smidge.Com] - A virtual, actively managed, multi-asset digital currency fund - page 13. (Read 28767 times)

I am curious

Are you buying shares of Ciphermine directly from Kate or from the market? Would be nice if you had to use the market since this would be more beneficial to shareholders / Ciphermine

also, Do you have any trade history that is verifiable? I noticed that you said you are an accountant and that is a bit of a different line of work than being a full time investor managing close to a 750,000 USD equivalent in cryptocurrencies

I once owned a website with 1,000,000+ pageviews a month, and have traded stocks since 2004. Can I raise thousands of dollars in Bitcoins, too? Please let me know, thanks.

Tagging the thread to follow along with it... I like the idea... questionable about the execution and knowledge. Even having knowledge in other markets is very different from one based on BTC, especially with its high volatility and all the unknowns floating around with regards to government intervention.

Josh,

While I don't necessarily disagree with what you are saying, I find this very hypocritical of you to post. You also came out of nowhere, had no demonstrable ability to manage a fund portfolio, and provided no proof of past performance. Also, calling a managed fund "copying" your fund is silly, all managed funds are of the same principle. It's like friedcat calling a new miner a copy cat.

Because you are being a jerk, I'll do the same to you - your fund's performance is... let's just say it's definitely nothing to be proud of. so I would probably stop criticizing other people's "lack of experience". I seem to recall your fund making a fraction of the profit as BTCinvest and my fund in the same time period.

PS. Stop calling yourselves CEO's. You run a fund worth a few hundred dollars, mostly made up of your own money. This isn't linkedin.

Observing

Hi josh,

I would not really call it a "copy" other than that it is an actively managed fund. Also, despite me not being around for several years, I think we are off to a very professional start, looking at our business plan and how we have been operating so far.

I think there is many differences in our offers, one is our opinion regarding Ciphermine. We are investing in the company's future, not focusing on today's valuation (which is fine btw). If the share price ever comes back down, we will be happy to enlarge positions making an even better deal. That is what investors in long term funds are looking for in a fund manager, amongst other things.

This post should come with a conflict of interest declaration. Stop advertising in other people's threads.

This sounds like a bit of a copy of my managed fund Sandstorm. (link in sig.)

I'm not sure about putting serious money in the hands of someone with only 3 months experience.... I've been doing this for a fair bit longer than this guy who seems to have just popped up. Hell, if you don't trust me go invest in BTCinvest instead.

hot tip: I don't think cipher mine is the best thing to invest in right now....it seems a little overpriced and exposed to LTC which could have serious market implication for ciphermine. But that's just my opinion.

Good luck!!!

Hi Mircea,

Been waiting for that one! Even if this was the bible of starting a Bitcoin business, would you care to elaborate in detail what is wrong with our approach?

Month old noobs do not make announcements, start funds or any of the rest of the jazz. See here and stfu.

Hi killerstorm,

I know Deprived and the products that he is offering. Actually, a thorough evaluation makes more sense when we have a series of final balance sheets up, which will be posted Sunday. I would welcome an evaluation of the busines plan though. As mentioned in the announcement, feel free to shoot holes in it as you desire so that we can work on improving it with community input as we go along.

Deprived is a user on this forum, he runs LTC-ATF fund, and appears to be highly competent person, so people trust his opinion. They want his comment on smidge.com.

Hi ninjaboon,

We are planning an IPO, please consult the business plan/previous posts for more info on our current state. What BitHub was referring to earlier (that you quoted) was IPO'ing the holding company, not the fund(s).

Announcement - For immediate release

Smidge.Com invests in Ciphermine

Smidge.Com today announced that it has invested 2,500 shares of its own stock of "Smidge.Com A" in CipherMine, a virtual company currently listed on LTC Global, specializing in cryptocoin mining and high-performance computing. The deal was agreed upon in the first week after launch of "Smidge.Com A", a new fund that aims to become the largest digital currency fund by market capitalization.

Kate Craig-Wood, CEO of CipherMine, said, "I am excited to have some of our shares being included in this fund. Virtual crypto-securities are the next frontier of cipherspace financial innovation. As a busy individual with my various enterprises I am looking forward to being able to take advantage of the growth potential in this marketplace without the effort by investing in the fund."

Alex "Smidge" Metz, CEO of Smidge.Com, describes the move as "a long term investment into a promising company led by professionals in the space".

The two companies decided not to disclose financial details of the deal. The share swap will be completed during the week of July 22nd, 2013.

CipherMine (www.ciphermine.com) is a joint venture between leading British IT entrepreneur Kate Craig-wood (aka. woodtech), founder and CEO of Memset, Giles Russel (aka. evilscoop) the man behind EvilMiners, and Ross Martyn and Simon Weald; two systems administrators at Memset. It is listed on LTC Global (www.litecoinglobal.com), specializing in cryptocoin mining (BTC/LTC) and high-performance computing.

Smidge.Com A (www.smidge.com) is a virtual, actively managed, multi-asset digital currency fund announced on July 21st, 2013 by Smidge.Com. The fund is currently pre-IPO, offering direct shares to individuals and companies before going public. It aims to become the largest BTC investment fund by market capitalization.

Why not IPO now?
It's easier to manage from sites like havelock or bitfunder than to use email as a transfer process.

Hi Franktank,

could you elaborate this one further?

We'll need to flash the Deprived signal here...

Hi coinbomb,

It's likely. The "world" was much smaller back then. I use this nickname since the mid-90s, got it from the game Worms (released in 1995). Interstate'76 came out at the end of 1997, Delta Force in 1998. So from the projects I've done in the past, you can expect me to invest quite a lot and stick around for some time...

woah! That's a blast from the past - i'm sure our paths have crossed on a project before. I just wish I could remember what it was!