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Offline luckybit

Can we do a distributed Jump Start Fund through Bitshares?
« on: April 08, 2015, 01:49:29 PM »

Due to the laws surrounding equity crowd funding for the next few months we'd only be able to crowd fund DACs. On the other hand in exchange for ownership of those DACs we could have a sort of distributed holdings company similar to Berkshire Hathaway holdings. This could secure the value of BTS as a sort of "digital stock" and increase it's price over time.

The merger wasn't really the best idea because we didn't get a lot from it in my opinion but we might be able to start a distributed holdings company or fund using UIA. Eventually the ability for that fund to buy and own real companies will be possible.

https://www.jumpstartfund.com
https://en.wikipedia.org/wiki/Berkshire_Hathaway
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Offline luckybit

Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #1 on: April 08, 2015, 01:52:29 PM »
To instantly make everyone a stakeholder the creator could distribute free shares to all active members of the community who go through the faucet process. Then we'd all be on the same page from genesis.

From there it could crowdfund by selling tokens. Could it work? Is there a better way to do it?
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Offline btswildpig

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Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #2 on: April 08, 2015, 01:53:08 PM »
hmm , are you an American ?
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Offline luckybit

Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #3 on: April 08, 2015, 01:57:23 PM »
hmm , are you an American ?

Equity crowd funding goes into effect in a matter of months so it's a paperwork problem not a legal problem. I think why not move on it if it's legal?
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Offline btswildpig

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Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #4 on: April 08, 2015, 02:02:55 PM »
hmm , are you an American ?

Equity crowd funding goes into effect in a matter of months so it's a paperwork problem not a legal problem. I think why not move on it if it's legal?

In the US you can crowd funding for projects ,donations , products , but not equity , it falls into SEC's deep dark hole . The Jobs Act fixed that a bit , but still require many red tapes .and only 10% of the equity is allowed to sell to the public , and the platform who perform it must be heavily certified . Guess this can only have a chance of happening outside of the US
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline luckybit

Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #5 on: April 08, 2015, 03:34:08 PM »
hmm , are you an American ?

Equity crowd funding goes into effect in a matter of months so it's a paperwork problem not a legal problem. I think why not move on it if it's legal?

In the US you can crowd funding for projects ,donations , products , but not equity , it falls into SEC's deep dark hole . The Jobs Act fixed that a bit , but still require many red tapes .and only 10% of the equity is allowed to sell to the public , and the platform who perform it must be heavily certified . Guess this can only have a chance of happening outside of the US

http://www.crowdfundinsider.com/2015/03/64990-final-rules-for-title-iv-of-the-jobs-act-to-include-state-pre-emption-but-for-tier-2-only/
http://www.washingtonpost.com/news/on-small-business/wp/2015/03/25/sec-finalizes-key-jobs-act-rules-for-small-businesses/

Read the news. The JOBS Act title IV allows equity crowd funding for US Citizens.

It will take time to fill out all the required paperwork to go through with the process of using Bitshares to buy equity in real world companies but it's now legally possible if the underlying Bitshares technology supports the process. I don't see why a UIA couldn't be used to allow American citizens to buy shares in a real world asset holding company from within Bitshares itself. I also don't see what stops us from forming a distributed VC or holding company.

Also if you're talking about just buying shares in DACs/DApps then there isn't any laws. Bitshares already had a merger as proof of concept so it seems anyone can start a distributed fund, offer UIA as shares in that fund, and then use the distributed fund to buy entire communities. How? Simply using the fund to buy shares in different competing DACs.

So the distributed fund could buy Ethers, NXT, Safecoins, NEM, etc similar to the Cyberfund plan. By keeping it all in virtual token land it doesn't require the paperwork. If that is successful then why not buy equity in Apple stock, Google, or even Birkshire Hathaway?  Bitshares will eventually allow it technologically and the law probably allows it now if there is the right KYC and other rules followed.

Please learn about Cyberfund -> http://cyber.fund/
If only the Bitshares community had more brave participants.
« Last Edit: April 08, 2015, 03:43:17 PM by luckybit »
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Offline xeroc

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Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #6 on: April 08, 2015, 06:15:45 PM »
If only the Bitshares community had more brave participants.
Nails it ..
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Offline btswildpig

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Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #7 on: April 08, 2015, 06:30:11 PM »
If only the Bitshares community had more brave participants.
Nails it ..

already have , waiting for a good wallet to debut to the general public ......
DACx project , I've mentioned several weeks ago . Crowd funding project for American stocks or equity in start up firms in China or other places . 
Sadly it allows everyone in the world to participate in it except US citizen ...At least that's the restriction for American stock crowd funding project , don't know what the rule will be for equity crowd funding project yet .
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Offline oco101

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Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #8 on: April 08, 2015, 06:43:08 PM »

DACx project , I've mentioned several weeks ago . Crowd funding project for American stocks or equity in start up firms in China or other places . 
Sadly it allows everyone in the world to participate in it except US citizen ...At least that's the restriction for American stock crowd funding project , don't know what the rule will be for equity crowd funding project yet .

Any news on this project. It was supposed to start in March if I'm not mistaken?

Offline btswildpig

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Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #9 on: April 08, 2015, 06:50:05 PM »

DACx project , I've mentioned several weeks ago . Crowd funding project for American stocks or equity in start up firms in China or other places . 
Sadly it allows everyone in the world to participate in it except US citizen ...At least that's the restriction for American stock crowd funding project , don't know what the rule will be for equity crowd funding project yet .

Any news on this project. It was supposed to start in March if I'm not mistaken?

the wallet is not ready to push to the general public in expected timeframe , so they're building a centralized order processing site to mitigate , takes extra time .
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline oco101

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Re: Can we do a distributed Jump Start Fund through Bitshares?
« Reply #10 on: April 08, 2015, 06:54:59 PM »

DACx project , I've mentioned several weeks ago . Crowd funding project for American stocks or equity in start up firms in China or other places . 
Sadly it allows everyone in the world to participate in it except US citizen ...At least that's the restriction for American stock crowd funding project , don't know what the rule will be for equity crowd funding project yet .

Any news on this project. It was supposed to start in March if I'm not mistaken?

the wallet is not ready to push to the general public in expected timeframe , so they're building a centralized order processing site to mitigate , takes extra time .

Ok thanks for the update.

 

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