Quote from: ianbakewell on September 04, 2012, 10:20:28 PM

I feel with the majority of those financial offerings... its all just some paper bullshit shuffled around.

Holy shit! I can't believe you just cursed... and in your own thread! Grin

Quote from: ianbakewell on September 04, 2012, 10:20:28 PM

- I do not mean to come off as a dick, I truly appreciate bouncing ideas back and forth
I want to build something solid and real here while keep my investors safe and giving competitive returns. Just trying to be as open and honest as I can

I don't mean to sound like a dick either. I'm also just being honest with you. Constructive criticism and all that.

My whole point is:
You already say you want to buy a BFL ASIC rig and that's great. Until that happens we investors make nothing. You joke about NYAN.A being paper bullshit, but it is paying real CPA insured dividends right now.

This is what you are competing against. That's right, you are competing against all the other assets. So you have to prove why you should get our BTC instead of someone else.
As an investor, I look at GLBSE and see BAKEWELL and NYAN.A or COGNITIVE or any other mining asset and I have to calculate the risks vs the rewards... and I see no reward from your asset.
The only way to profit from your asset--as it stands with waiting until all share are sold--is to wait and buy the last shares. In the mean time, this mean no shares are sold, because everyone is waiting to be the last.

Quote from: ianbakewell on September 04, 2012, 10:20:28 PM

I think a good middle ground would be to wait until 300 or so BTC have been raised, then put up a vote.
Current shareholders could choose to wait, or to purchase 7970s.
- Going back to my fear of the exchange rate, it actually kinda seems like a better idea to quickly grab assets that have a more or less static usd value

I like the idea. Taking calculated steps toward the goal instead of waiting and making a huge gigantic leap.

I would still recommend to go smaller (say 150 BTC) and here's why (Watch out... more "honesty" incoming):

You are new to this board, and although you have perfectly identified your real life self... I don't know you.
I don't know if you know how to handle a mining rig and how to get the most profit from it. I say this because you asked for shareholder advice on where to mine--and to be frank--this is something a mining operator should already know.
In other threads, you say you are new to all this
Quote from: ianbakewell on September 04, 2012, 08:57:44 PM
Fair enough I am new to this....

I would not invest until you have a clear plan. You need to show how you can get some return from my BTC.
Start very small... Get a rig with one GPU going. Show how you plan to use it, and when you can get a return from it. And when the investors can get their return as well.
Once you do this, this thread can get much more active with all the positive returns.
But you may have to dip into you own pocket to get things going. This can be either BTC or rigs you already own. AKA, a loan from yourself to the BAKEWELL asset. This is perfectly fine as long as everything is clearly documented.

Once you get things started, more investors will follow. And... be nice to fund managers, they usually have bigger pockets than individual investors.