I took a look at Bitfunder, but am not that familiar with the details of listing shares of miners (specifically what the costs / caveats / issues are of being listed).
1. Are there additional costs associated with this? (Listing fees, mgmt fees, etc)
2. Are there any restrictions on shares? (Lockout timeframes, sale fees, who can buy/sell, etc)
3. How is EOL handled for the fund? (Yield < Power costs)
4. For a mining pool, how are hardware failures handled? (Direct dilution across the pool, specific person is SOL, share retirement, etc)
Sorry if these are elementary questions. I have experience with stock options (employee and "general"), RSUs, stocks, bonds, etc, but have never worked with something like this in the bitcoin space, and don't feel informed enough about it to vote "+1" or "-1".
Thoughts?
Exactly the kind of things that I was concerned with when this business of listing the shares on the exchange came about. Don't get me wrong, it seems that listing on the exchange will likely increase the per share value (at least in the short term) but still I would like to know all the ins and outs before we actually go ahead with it. According to others that responded to my initial concerns, all of that will be hammered out and voted on before the group buy is actually listed on the exchange. Still kind of waiting to hear from Soniq and/or the bitfunder guy what the next step is.