Quote from: dropt on October 22, 2014, 06:46:39 AM

So let me get this straight. You want people to invest in your "IPO" so you can use the coins to "manipulate"/short the market on margin via your "algorithm" effectively undermining the value of the other coins that I hold?

Brilliance! Roll Eyes

Otherwise, my bullshit detector is going off the charts, so thanks but no thanks.

Hello,

We do not except everyone to agree with our business model. After all, satoshi himself faced extensive skepticism after launching bitcoin in 2009. If you recall, everyone on the mailing list denounced him after his posted the initial bitcoin prototype.

Unfortunately, I come from a background of experience in the wider public markets and I can affirm that there are companies running this exact same business model in public markets, and making high profits. You may not like it as an individual trader, but our company seeks to exploit the bitcoin market for the benefit of our investors. We work and act for our investors alone.

Finally, our model is short term. It does not seek to change over the long run the value of bitcoin, and will be profitable in bear or bull markets. It incorporates elements that are common to publicly listed algorithmic trading funds. We do not have an opinion on the bitcoin price or the direction of bitcoin. The only prerequisite is sufficient liquidity to allow profit of our algorithm, and we have already determined that exists on 2 of the existing exchanges.

I'm out of time to fully respond to this reply right now, but I'll aim to post more information about the fund and algorithm. I understand some investors may be skeptical given past scams and frauds etc. That's not a problem, but we are fully legitimate as our follow up postings will show.