I’ve thought about starting an investment fund for a long period of time. With the advent of Peershares and inspired by some groundbreaking work by NuBits, I’ve realized that a fund could be designed in a way that would hopefully benefit the community as well as the share holders.
The investment fund would NOT be allowed to short peercoins, nubits shares or any other Peercoin based technology. The fund would be allowed to short and go long crypto currencies and technologies built on top of them. Dividends would be paid out to fund share holders and a percentage of the profit would also go to peer4commit projects, selected by share holders voting.
This means that the fund would stand to potentially benefit from rising and falling prices of other crypto currencies and some of this profit would be channeled to projects on peer4commit (Peercoin) and it would, if successful, assert some buying pressure of peercoins.
During the last few months, I’ve been writing here www.reddit.com/r/PeercoinMarkets and in the Peercoin chat here http://chatboxhistory.peercointalk.org/ detailing my way of thinking about trading. My track record, though information is scattered throughout the referenced sources, is not perfect. It is, if I may say so myself, very good. BUT even though I’m very good at these things, it could be that I’ve just been lucky. It could be that we have had an “easy market”. Past success is no guarantee for future success. When you read about prop trading, you’ll find that this kind of trading is among the hardest kind of traders one can do.
There is a real risk that if the fund I envision, blows up eventually. All money gone. Just like that. Peercoin have so far been blessed from scams and big blunders, so therefor I want to first turn to the community and ask what you all think about this kind of venture. This kind of fund could be very good for the community, but also bad if things turns sour.
This post is not about the inner working of the fund, it’s waaaay to early for that. First I’m looking for honest opinions here and constructive feedback about the very notion of such an entity existing and using Peercoin technology. I know you won’t consider “my feelings” because you guys and girl always focus on the reality of it all. And that’s a good thing.
What do you say? For or against such a fund? Should it absolutely NOT be tied to Peershares or should it, but perhaps only use the technology and be very clearly separated from the official Peercoin brand so to speak.
All comments welcome. :-*