Everyone will be surprised that I really cannot comprehend how they work or where they gain value. I was told by a friend in government that while dealing in them is legal, it is going to get you red flagged. I'm not sure if he meant investing or just using them as currency.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Still, send me out something and I'll look at it.

My money would mush the deal.

_________________
O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

My two cents. If you're really worry about Fiat currencies, then your best alternative bets are income producing hard assets like real estate or precious metals like gold. If/when the global financial system free falls, you want something tangible.

My problem with crypto currencies is all the fraud and cyber theft that goes along with storing them.

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Hawaii (fuck) You

The Mt. Gox thing was a disaster but it only slowed Bitcoin down for a minute.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Kash, and Don

Part of it is the unknown. I guess I have a preference for really smart financial guys manipulating the money system (Fed, et al) vs. really smart computer guys (hackers and their ilk) manipulating the crypto system. I still love how these guys mine the bitcoins. Give me the Wall Street Banker in a fancy suit!

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Hawaii (fuck) You

Have you seen SomeGuy lately?

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Sex isn't dirty, sex isn't a crime. It's a loving act between two or more consenting adults.

-Hank Kingsley

I was wondering if the offering is a Reg D, meaning only for accredited investors? I have to assume it is.

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Hawaii (fuck) You

Wow,I have something in common with Leash and GD. Way before Bitcoin came out,I was reading articles on it. I have about 40 years of various experience in the world of data processing and I couldn't make heads or tails out of it. I'll stick to old comicbooks for 200,Alex.

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favrefan said:"Chris Coghlan isn't gonna pay your rent, Jimmy."

Well none of them are actually currencies. Try claiming to the IRS that your 100 bitcoins aren't an investment and watch them laugh in your face. The only time they are actually used as currency is for international money laundering and by drug dealers, everyone else is just sitting on their stash waiting for the price to go up. I dont see many people hoarding euro's or dollars in a vault hoping that one day the American dollar will grow in value exponentially and they can resell it. Doesn't seem like much of a "currency" to me, and if its not a currency I dont see what the point of it is and how its worth anything.

But whatever, its so easy to buy this shit yourself why on earth would you get into a fund run a bunch of American investors? Just go online and buy some ETH/BTC/DASH whatever and sit on it. And if you really want to make the most of it go on 4chan and Reddit and just follow along with the pump-and-dump schemes on altcoins yourself, you dont need some fund manager's expertise to gauge what's going to happen there.

Did you really cite an IRS viewpoint? It goes without saying that a glom operation like the IRS would see anything that remotely smells like income as income. But these are all currencies and I think you'll find that some of them gain wide acceptance in the coming years.

Also, it's not so easy to buy some of these currencies beyond the major ones that you mention.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Kash, and Don

Don't hold back now boys...

_________________

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

Stay out of this, Oscar.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

The problem with cryptocurrency is that countries are likely to ban it outright at some point. You'll probably make a ton of money before they need to do that though. It just causes too many problems and takes away a lot of power/regulation by the government that has proven pretty vital to a modern society.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

My guy was talking about using it. He won't be my guy if he uses it exclusively. Don't need to scream "look at me".

_________________
O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

My guy said to invest in Christmas tree light fixin' gadget:

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favrefan said:"Chris Coghlan isn't gonna pay your rent, Jimmy."

My initial reaction is you were putting a group together to buy the horse, Cryptocurrency, so you could collect stud fees. Then it dawned on me that the horse's name was Cryptoclearance. My bad.

If you do pool money to buy a horse, please start a new thread. Thanks in advance.

You're due for a market correction. It's Master's pal. Don't short the stock!

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I'd totally be down for buying a horse. A group of message board friends at Barn To Wire put together a syndicate to buy some horses.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Kash, and Don

How much is a horse?

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

It could be as much or as little as you want. It would probably be better to buy a harness horse just because they race so much more often. I wouldn't look at it as a money making venture as Illinois racing is on death's door. But we could probably find something we could have fun and break even with for about 5 grand.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Kash, and Don

I'm in.

_________________

Only 5 grand? I thought they were six figures. Even I can come up with a grand. Let's buy a fucking horse, man.

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

Can we name it? RIDES JUST FINE.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Honestly I'm more of a cockfighting type of guy.

_________________

I was gonna say we can start a thread to come up with a name but now that is unnecessary.

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

How about Blackwater Indian?

_________________
Sex isn't dirty, sex isn't a crime. It's a loving act between two or more consenting adults.

-Hank Kingsley

We need to buy two horses now.

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

_________________
Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George