RE: Finally Here: Arbok
Having the perspective of seeing the people who are working on this and the people who are rightly skeptical, I wish there was a better way to advertise to the public, but there are problems associated with being transparent about any Bitcoin-based collective investments venture (See the prosecution of Eric T. Voorhees). The people who are working on this are working on lots of bitcoin-related projects on the side, as well as, in many cases, full time employment, and in one case, college, and no one is expecting people to blindly invest in a random online posting. For this reason, most of the capital is expected to come from real world sources, initially. The online presence is only meant to be a supplement that gains traction over time. As for diversification, is it better to go all in on one HYIP that could go bust tomorrow, or 5-10 well-made HYIP's that will probably stay up for an average of 40-50 days? If the HYIP's are paying 4% per day on average, plus affiliate bonuses of 3%, you are making roughly 280 to 350% in that 40-50 day period. So what if they run off with your initial investment when your making that kind of return! Such a return certainly cannot be matched by legit investments unless its getting really really lucky with ICO's, but the market is inundated with ICOs right now. Even the most secretive HTF funds like Rentech can't make that much return, albeit managing a lot more capital. It is usually easier to make huge returns with small amounts of capital because exploiting small inefficiencies yields a massive percentage gain.
That maybe but its hard to trust people over the internet when no details are given by them about themselves. If you guys are using your own money, then soliciting investors online is not really required. You could probably try using this strategy with your money , show returns for the next few months. Then map all the transactions that have been using for this fund as a 'history' of your fund and to try and build some legitimacy. Thats the only way I can see you guys gaining any sort of trust right now if your are not willing to give more information about yourselves. Though 25% performance fee is a bit ridiculous even in crypto land. If your fund is going to make as much as you say it is then you do not need to charge that much
That is a legitimate concern, I don't yet project or promise any specific returns because testing of this strategy is still ongoing, and I will post on the results of it every weekend. Success should not be presumed until it actually eventuates. Hopefully, when you see the results of it over time, especially once there is enough capital for the affiliate bonus scheme, the fees will seem low compared to returns.
Yeah maybe just use your own money for now, its the only way I see you guys managing a fund. Then use this page to document what you guys are doing, it will be a slow grind before people trust you with their money, but this is what it takes. If you guys are genuine about this then this is what would be the best way to build trust.