Quote from: CanOpener on October 14, 2013, 12:30:50 PM

wahaha, did you realize that you pointed out the flaw in your own argument? So, you expect that someone would guarantee you our investment even though the exchange rate fluctuates all the time? Please study something called quanto before you even talk about finance with me. I just have to chuckle when people like you expect everyone else to take a loss just because your investment deserves principal protection.

oh, your grasp on regulation is even more of a joke. The shut down of BTC-TC and BitFunder change happened just recently before IceDrill went IPO'ed. So, you are telling me that you can regulate ahead of SEC?

If you need a lesson about anything, feel free to ask because I am sure that most people in this forum can teach you a lot about everything. No joke.

Quote from: crumbs on October 13, 2013, 03:16:26 PM

Quote from: CanOpener on October 13, 2013, 01:18:14 PM

The shares were issued when BTC spot was 100. Spot is now close to 130. So, if they buy back at 0.0016 BTC per share, wouldn't they lose 30% for no reason? Come on, people. Besides, they would have given up all their BitCoins to HashFast for the hardware. Where would they have the money to buy any shares back? I love freebies too but some people are simply asking for too much.

In terms of change in regulation, I am pretty sure it will only get worse from here. Just like CFTC rules, they don't need to make sense but they dare you to not obey them. (just my two cents)

and did someone mention financial crime? can someone tell me who is the legal authority in BitCoin community? where can I find the laws related to BitCoin?

You seem to have a rather tenuous grasp of finance. IceDrill shares were purchased with BTC, the exchange rate of BTC/$ is irrelevant. If you bought a plushy at a One & Dime for $1, and tried to return it for $2.00 by claiming that "the dollar now buys only half as much bitcoin as when I bought this plushy," the nice checkout lady would tell you to GTFO. Justly so.

As far as "what financial crime": The crime of selling unregistered securities to US persons by a US-based unlicensed exchange. US SEC has jurisdiction. That should get you started.

If you'd like to haz moar learnings, don't hesitate to ask

I'll make this short & sweet: IceDril.ASIC has nothing to do with quanto, the underlying is not denominated in USD. If you believe that it is, you're mistaken.

Further, BTCT & Bitfunder were not "shut down by the SEC." If you know more than the rest of us about the [pending] closures, feel free to share. The legal status of unlicensed exchanges & unregistered securities hasn't changed here in US for A_COONS_AGE * 50

If you are interested in adding moar naughts to UR monyz, i suggest you forego reading this forum & get some skoolin'. Or panhandle. Up 2 U.