402
-
@nameless In the grand scheme of things that we can't control and burst and all crypto crashes in 19 years from now, what will you do to our funds? Because as you said, this is forex and other things outsides of crypto world.
Wow, very good question. If all crypto crashes , which is very unlikely, we'll just have to figure out a way to redeem those shares for real cash maybe :)
But that's an issue all assets face, not just this one...
-
But that's an issue all assets face, not just this one...
Yes, but 20 years without dividends and only wait for you to liquidate is not 99.99% of what assets do. It's screaming of centralization and overcontrl. :)
-
With 100,000,000 assets how do you plan to release them?
Stages and at what values?
I can't sell them if you keep a cheap sell wall
-
@crutsy there are measures taken in case i get run over by a car :) . Fund will be liquidated by someone else and all shares will be bought back.
As far as the pyramid scheme analogy...ouch . All shares sales money goes straight into the fund . Don't all assets do that? Sell shares and alocate capital?
-
oh and @crutsy it's not going to be a cheap sell wall :)
It starts cheap and gets VERY expensive over time.
-
Yes, but 20 years without dividends and only wait for you to liquidate is not 99.99% of what assets do. It's screaming of centralization and overcontrl. :)
Fair point, but as more capital is raised, capital allocation will be delegated as well, meaning that i will have people managing parts of the fund, so not all of it will be in my hands
-
@nameless Please understand I was not trying to be offensive I simply just don't understand. If the next person is buying it for more and more eventually it will be worth so much won't the buying slow down and maybe even stop?
-
so lets take an example
Sam bought 1 share for 100 bursts today
Sam retires after 30 days (he won a lottery)
Sam sell 1 share for 100+X bursts (he still wants this money because he is greedy)How can one determine the X value?
-
@crutsy in no way i took it as an offense. your questions were good.
The way i will be releasing the shares and the price increase is actually very carefully planned. If buying from me stops (which should happen a lot of times) , then sales between holders commences :)
-
@samreader1 fund value / number of outstanding shares
-
Can you please explain the asset transfer before the sale?
3,205 to BURST-V7NH-VG69-BZD3-3S2V7
-
@crutsy yes i can :)
and more will come. One thing i forgot to mention, and thanks for reminding me about that, is the fact that this asset was initially meant to be a HZ exclusive asset.
@crowetic was going to make a burst asset dedicated to buying into the HZ shares.
BUT , as things unfolded very fast, and i mean VERY fast and my asset attracted way more eyes on it then i expected, and a few more issues that i debated wit @crowetic and @adsactly , we came to the conclusion that issuing it on HZ was a mistake and that BURST is the proper way to go. So all the transfers you will see in the following days will be redemptions - HZ shares for BURST shares.
We have people from HZ and OK that are migrating over to BURST just because of this asset alone :)
-
Shares sale starts in 11 mins :)
-
And they have begun. They will show up next block.
-
@nameless biting my nails o see the initial price man!
-
@gpedro surprisingly low :)
-
@nameless hope so xD The block that never ends LOL
-
BOOM! its out!
5 bursts, ladies and gentlemen!!
-
haha a few insta-sales :)
-
@nameless Yeah bought some...


