Proposal #1:   I vote YES  (It's something you have your thumb on, and control to a large extent)

Proposal #2:   I vote NO  ( I feel it's not why I find the Gamma fund useful. You're giving us analysis & diversity, but most importantly: (a) access to equity we wouldn't have access to as individual investors, and (b) some freedom from complete exposure to GLBSE as a point of failure (via intelligent diversity)

If I wanted to invest directly in Pirate, I'd use Bitcoinmax and regulate my overall percent exposure that way.