Ha yeah man that's right, this network is totally shit - and yet your only tool is to make up shit on a forum, 3 years and that's the best you've got? Seriously, either you are a really limp dick, or the network is as secure as they say it is.

Oh yeah, or both. Yeah, both is definitely an option.

Let me borrow your syntax for a moment

3 posts on this thread. Poor manners, nothing constructive. Looks like a ________.

Hi there

The switch will happen after the new blockchain is live, after the ICO is completed.

The ICO will be formally announced with the release of the whitepapers in the coming few days.

The ICO and deployment of new protocol are expected to be completed, and coin switch in progress, by the end of the current year.

The existing network will run for (at least) long enough for all holders to make the switch.


Did I miss anything?

Wow that is really surprising! Many of them have well over 4% of coins in the largest wallet and it's not even for a good cause

The team sell at the market price, so maybe for people who aren't into bitcoin? I'll leave it to the OP to explain the 2% thing.

From one of the team, certainly not from the developer. Carboncoin has been listed on a market since it started

I don't see what is bizarre about that. Did I miss something in your question?

By one of the main guys behind the protocol. They have stayed anonymous because it makes the currency more secure. I'm in the UK and I believe that is where the majority of the distribution has happened so far but there are many holders internationally too - the coin had a pretty fair launch back at the beginning so there will be many holders all over the world

When I bought carboncoin I was told quite clearly that the maximum I could buy was 2% of circulation because more would have a negative impact on the network effect. You've got literally no idea have you

Bid at 1 satoshi, asshole

I was thinking about going full disclosure on AUM and P/L here if it was something of interest. Obviously if we can't get over the fact that I might be a scumbag trying to nick everyone's money then it's definitely dead in the water...

It's merely a bearish position on global equities. The hedge fund is certainly not available to anonymous investors.

Totally fair. You can find out more about me and what I'd be doing with the funds if you have any interest. I was simply putting it out there as a service I could offer this community in case anyone wanted it.

I would not be much of a speculator if I expected zero hostility...

Well I wish you success with your long position

"It's going up"

The end

No but seriously I would have thought that downside speculation on global equities is pretty much akin to upside speculation on bitcoin, no?

The main issue is the lack of access to the markets, and having the ability to make money from downside in the global markets.

Many I am aware of hold all of their money in Bitcoin and there is no vehicle that I am aware of which enables them to get access to markets without going through the conventional financial system.

The returns are aligned to downward movement in the equities markets in percentage terms, with draw downs aligned to upward movement.

I have been reading up on attempts posted on this forum to give individuals access to futures markets with Bitcoin and it's got many problems. However I think I have found a good way around it - but trust is an issue as ever.

I have spent the majority of my adult career trading stocks and futures and making both technical and fundamental calls across asset classes in the financial markets.

I have been waiting for my entry point for some time and I believe that we are seeing a major turning point in global equities. There is a huge amount of gathering unease and unrest and the powers that be have really run out of magic bullets, excepting the fact that war is the final QE, but still smashes markets.

I'd be very interested to hear if the below idea is of interest to anyone.

I have formulated an investment "fund" (although not a fund obviously) which can be invested in by users of this forum by username alone and which will allow those wishing to to get short exposure to the global markets while remaining anonymous. Payouts will be made on request in BTC to user provided wallets allowing anonymity to be maintained.

I have created a range of assets in order to do this, these are comprised of leveraged and unleveraged bearish positions in the futures markets all of which are directional plays on a downturn in the global financial system, with the main bread coming from short equity indices.

The fee to do this is 5% of funds invested, this allows 3% for costs and 2% for management fees.

The maximum I can accommodate on my PA is 200 BTC, max investment for any individual user account is 10 BTC.

There are 4 strategies to choose from as follows: Double short indices in fiat, Double short indices in BTC, Quadruple Short indices in Fiat, Quadruple Short indices in BTC.

Double Short pays double your investment in the event of a 100% decline from 2300 in the S and P 500 index, and goes to zero at a 50% increase
Quadruple pays double at a 25% decrease in the S and P 500 index and goes to zero at a 25% increase

I have the ability to get this exposure right now and am happy to share this with the community for those wanting another way to grow their BTC holdings from coming market turmoil.

Minimum buy in without bitcoin exposure is 1 BTC, with bitcoin exposure it's 2 BTC, for amounts less than this it is really not worth the hassle.

Withdrawals can be made at any time with 12 hours notice (should be sooner).

I am going to commence quoting these two funds at inception which is settlement of the final day of the month of January (US close today/tomorrow). The funds will be requoted daily with performance since inception.

I am sure there will be lots of FUD about something requiring this much trust from the outset but I'm doing this because I think it is a valuable thing that the community is currently missing, I am running my own funds in the quadruple leveraged strategy.

Eager to hear thoughts, questions, views and for anything market/identity sensitive please don't hesitate to pm me.

Many thanks for your attention,

Charles

Yes, very informative thanks!

Seriously, who's this cunt?

I don't see that - why could the coin not have been being distributed among different holders outside of this forum? I found this coin outside of this forum - how do you know differently?