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mjr_: but i don't have it at the moment
mjr_: and we have not even touched the issue of actually funding the fund
mjr_: reverse merger would cost 50k maybe more
mjr_: um...to buy a company takes money
mjr_: register with state
mjr_: but that takes a little more regulatory work
mjr_: direct public offering
mjr_: you can also do a DPO
mjr_: boom, you are now a listed company
mjr_: then change your name
mjr_: you basically buy/merge with an existing shell corporation
mjr_: is a reverse merger
mjr_: the easiest way to do ti
mjr_: well, ok maybe not a million
mjr_: and it would not cost much, there are a million ways to go public
mjr_: and put it up on the pink sheets
mjr_: you could literally create a company called ScamCorp
mjr_: it is purely a listing service
mjr_: you don't even have to talk to the SEC for pink sheets
mjr_: well this is my plan
mjr_: when they see it as viable
mjr_: once i create mine, others may follow
mjr_: cuz they don't understand it
mjr_: i'm not saying it isn't possible, i'm hjust saying no one is willing to take the risk right now
mjr_: but yes, you have to capitalize it very well
mjr_: well, if i had goldman sachs doing it, market cap wouldn't be a problem
mjr_: i don't know what the SEC would make of bitcoins
mjr_: they would politely say "that is interesting"
mjr_: what i am saying is that if i knew lloyd blankfein, i couldn't get it to happne
mjr_: but i don't think interest has percolated to an institutional level yet
mjr_: i know some guys at goldman who are interested on a personal level
mjr_: i am in the finance world, but i have no information about bitcoin etf's
mjr_: but they probably won't for quite some time
mjr_: i know i can actually
mjr_: i think i can have mine up and running for 50k
mjr_: and that is just for lawyers and underwriters
mjr_: you will need millions of dollars
mjr_: good luck with the SEC
mjr_: but in the end after all, it will track the bitcoin economy
mjr_: it'll be a pseudo etf
mjr_: so it won't be a TRUE etf
mjr_: the requirements to get on pink sheets is ridiculously low
mjr_: so i am picturing it as an open fund, where as we release shares, we just increase our holdings, and long bitcoin bets
mjr_: to channel demand into the bitcoin economy
mjr_: to hopefully act as a bridge
mjr_: i told you my plan is to open a publicly traded company in the real exchanges
mjr_: options, futures and sdice, bullish bitcoin portfolio
mjr_: tbh...i am kinda glad that huge spike stopped, it was a bit scary
mjr_: hopefully giving investors an index of the entire bitcoin economy eventually, not just a currency index
mjr_: but i am thinking of also using options and sdice to pad the portfolio
mjr_: 30 day return from just bitcoins is around 25%
mjr_: i think we talked about my plan last time i was on
mjr_: so i am thinking that the returns will be great...appreciation and dividends
mjr_: but after this convo, i think that there is a ton of growth potential
mjr_: i mean, i would be bullish on it regardless...the only question is how bullish
mjr_: localization could be a huge feature
mjr_: it's not really super important, but emerging markets are big money, so i was curious as to expansion plans, etc, their expenses are so low
mjr_: so i'm just thinking of how much of my bitcoin portfolio i would want to invest in this
mjr_: if it is mostly asian, with some others, growth is slower, although still i expect going to be robust
mjr_: if it is primarily russian, and asia is not so big yet, then growth potential is huge
mjr_: and could make some broad guesses as to demographic
mjr_: he'll see the requesting ip
mjr_: so if you point your browser at it
mjr_: but also...it;s a website
mjr_: as most people probably don't need to google it by the time they are in the community
mjr_: oh if you search satoshi dice...not enough info
mjr_: that was my guess as well
mjr_: but i was just curious as to are most users european or asian or american
mjr_: huh? i mean in order to send a bitcoin, is there not any ip info?
mjr_: which may skew the results
mjr_: obviously some may use tor
mjr_: and at that point it is trivial to make broad strokes guesses about what region most traffic comes from
mjr_: that you could see the ip address sending
mjr_: yeah, but i believe...and i could be wrong
mjr_: lol, yeah i know it's his company