Post
Topic
Board Securities
Investing in coinsortium
by
usagi
on 22/08/2014, 09:20:23 UTC
I remember back in the day, shares of BTC-TC traded as high as 10 bitcoins each. They were initially sold for (IIRC) 0.1 BTC. Even at 7 or 8 bitcoins the payments justified the price (barely) at 1.5% annually. Actually it was illogical to me at the time and I suspect the price had a healthy boost from the fact that you could vote on securities with shares.

Today we have Coinsortium which is the only share exchange that lets you invest in the business. As far as I can tell their IPO has closed with 100,000 shares outstanding (vs. BTC-TC's 10,000 shares). But BTC-TC's shares represented 10% of the business, coinsortium's represents 100%. These shares are currently going for less than 0.0016.

Based on how many shares burnside released and the life cycle of the platforms, I'm guessing COINS could represent one of those "once in a lifetime" buys that pop up every, oh, year or so in the bitcoin world. If they manage to repeat BTC-TC's success I would be very happy.

Does this sound right to you guys or am I missing something? I bought 20 shares.