Post
Topic
Board Securities
Re: [BitFunder] Fenix. Hashing from the ashes of Bakewell.
by
nameface
on 11/08/2013, 02:30:50 UTC
My vote goes to the status quo, let it earn some freaking dividends/growth before you go planning how to spend it back to 0. Worse yet issuing more shares to pay for additional equipment. I think the wall-street mentality is too strong in the last page of this thread.

Having a known declining income (difficulty) with plans to bump it back up with equipment purchases from the growth fund is a steady, and predictable route which may infuse confidence in the assets future. Investing the growth fund into other assets to which we have no control is essentially gambling with the growth fund hoping it pays off. Go back to the start of bitfunder, or further back to glbse and the loosers outnumber the winners by a large margin, should the "board" start trying to pick winners my 12% will be sold off.

Thank you very much for this input. Everybody who has been vocal so far seems to be operating under the premise that through due diligence we will find good investment opportunities, and that we will profit. But it's important to note that historically many Bitcoin assets have not performed well.

For some reason the idea of issuing more shares has been popular, I'm not a strong proponent of this, but I'm not opposed.

Are you simply suggesting we sit on Growth Fund until it is large enough to purchase a unit? That is a sobering perspective.

We could consider:

10% LABCOIN (it's cheap right now)
10% ICE.DRILL
80% Cash on hand

The 20% invested is held as a bit of security by diversification. If we did this, and adjusted the dividend to growth fund ratio to 50/50, we'd have our order in fairly quickly.