Re:Move Over Kickstarter, Crypto-Equity Is the Next Frontier
by kolinko on Sunday July 06, 2014 @03:49AM
(#7994022)
Source?
Satoshi dice outperformed holding btc, and that was during the period when btc skyrocketted from 10 to 100. Also, but I may be wrong here, asicminer did a similar trick.
Re:Move Over Kickstarter, Crypto-Equity Is the Next Frontier
by Cyther606 on Sunday July 06, 2014 @10:16AM
(#7994568)
Over a very short time frame, you mean? Show me a single example of a Bitcoin stock price chart that looks anything like this: http://bitcoincharts.com/charts/bitstampUSD#rg730zczsg2012-0...
ASICMiner is in the gutters, as is literally every other Bitcoin stock. Who benefited from the company going public? Over a short time frame, those who exploited the pump and dump; over a modest time frame of 1-2 years, the company profits at the expense of investors, every single time, without exception.
Startups are all incentivized to do BTC public offerings, but no one is incentivized to actually deliver products. IPOs are the easiest way to "earn" BTC. It's cringeworthy how so many of these pseudo-IPOs focus on the marketing and the limited time buy opportunity without so much as producing a working prototype. I'm always astounded by the amount of BTCs that get raised. It just reeks of unsophisticated investors getting sheered.
From the perspective of SWARMCO, once you raise thousands of BTCs, you're golden. Your investors shoulder all the risk, because the moment they irreversibly send you the most liquid and stable crypto asset, you can effectively disappear, or keep delaying "two weeks" as Butterfly Labs is infamous for doing. If anything goes wrong, just ask Mark Karpeles for advice.