Quote from: printshop on February 04, 2015, 05:20:54 PM

Quote from: tsm13 on February 04, 2015, 04:25:30 PM

would you consider converting your cash on hand to BTC and putting this in escrow?

It's not cash, the fund keeps it's backing directly in cryptocoin.

Theoretically if the fund was run in BTC, the BTC could be kept in escrow instead of in the main account, but I don't see why this would be necessary. There would have to be a condition that the BTC be set as a bid order for the security. The unique feature of how I manage the insurance side of this asset is that anyone can sell out at any time for essentially what they paid for the asset. This proves to the investor in a very simple way the fund is 100% backed, and it has the added bonus of providing excellent liquidity.

By the way I know that just from what I have said it doesn't make sense how this could work, but I haven't discussed the details. I'm more interested in seeing what the good places are to list a worthwhile security right now than discussing the minutiae of my asset. We can discuss that stuff later if we find a place to apply and make a push to get into the BTC community.

Quote from: tsm13 on February 04, 2015, 08:00:06 PM

Ok so your longwinded answer is no escrow, good luck!

Sorry you feel it's longwinded, but in this case your impatience caused you to make a mistake. I just said it could be kept in escrow. I highlighted the part where I said that so you don't need to read the explanation of why it's not necessary.

That and I have already been running the fund for months so I don't really feel the need to impress people at that level.