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Nxt Discussion => Nxt Asset Exchange => Topic started by: DoM P on December 11, 2014, 01:32:41 am

Title: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 11, 2014, 01:32:41 am
I am pleased to announce the relase to the CryptoCoins hedge fund, result of months of work at CFA Consulting.

CryptoCoins is a hedge fund invested in crypto currencies, mainly Bitcoin. Based on the Nxt Asset Exchange (asset ID: 615502203617265072), it use it as the backbone for its trading, but since it is primarily aimed at attracting people from the non crypto world, it will be tradable directly in euros through the CCEDK exchange platform, chosen among other reasons for its quick reaction time.
It aims at hedging the risks associated with the high Bitcoin volatility.
The CryptoCoins hedge fund was backtested between October 2013 and October 2014:
 
(http://i57.tinypic.com/3338x2s.jpg)

We hope with this fund to bring people to cryptos, attention to Nxt, and money to investors.

Documentation is available for this fund here:
A six-page fund’s presentation:
•   In English (http://cfa-consulting.ch/dlfiles/CryptoCoins_Presentation_EN.pdf)
•   In French (http://cfa-consulting.ch/dlfiles/CryptoCoins_Presentation_FR.pdf)
A fourteen-page procedure to learn how to buy the fund from the Asset Exchange:
•   In English (http://cfa-consulting.ch/dlfiles/CryptoCoins_AE_Procedure_EN.pdf)
•   In French (http://cfa-consulting.ch/dlfiles/CryptoCoins_AE_Procedure_FR.pdf)
A thirty-page procedure to learn how to buy the fund with euros from CCEDK:
•   In English (http://cfa-consulting.ch/dlfiles/CryptoCoins_CCEDK_Procedure_EN.pdf)
•   In French (http://cfa-consulting.ch/dlfiles/CryptoCoins_CCEDK_Procedure_FR.pdf)
A two-page procedure to learn how to actively participate in the trading choices of CryptoCoins and earn money from it:
•   In English (http://cfa-consulting.ch/dlfiles/CryptoTips.pdf)


Updates concerning the fund can be found here (http://cfa-consulting.ch/en/cryptocoins).

The marketing campaign will start soon.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on December 11, 2014, 07:27:59 am
Great news, I'm interested!

When will it be available on CCEDK? I don't find any sell walls in the CCS trading pairs.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 11, 2014, 07:37:55 am
Great news, I'm interested!

When will it be available on CCEDK? I don't find any sell walls in the CCS trading pairs.

Just did it.
I sent the asset to CCEDK during the night, and had to sleep a few hours while they were processing the incoming funds... ;)

So now it's all ready to go. 300 CCS for euros, 100 for Nxt, and 100 for Btc.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on December 11, 2014, 07:48:35 am

Great news, I'm interested!

When will it be available on CCEDK? I don't find any sell walls in the CCS trading pairs.

Just did it.
I sent the asset to CCEDK during the night, and had to sleep a few hours while they were processing the incoming funds... ;)

So now it's all ready to go. 300 CCS for euros, 100 for Nxt, and 100 for Btc.

Thanks mate, I'm thinking about putting some sleeping bitcoins to good use! :-)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 11, 2014, 08:00:36 am

Great news, I'm interested!

When will it be available on CCEDK? I don't find any sell walls in the CCS trading pairs.

Just did it.
I sent the asset to CCEDK during the night, and had to sleep a few hours while they were processing the incoming funds... ;)

So now it's all ready to go. 300 CCS for euros, 100 for Nxt, and 100 for Btc.

Thanks mate, I'm thinking about putting some sleeping bitcoins to good use! :-)

That what I did with mine... ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on December 11, 2014, 09:45:39 am
What are those numbers "BTC -600%"?

Also this chart is highly missleading, how do we know that you didn't optimize your strategy for high past returns. Backtesting as a predicting method is highly frowned upon.

Still. interested ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 11, 2014, 10:27:55 am
What are those numbers "BTC -600%"?

Also this chart is highly missleading, how do we know that you didn't optimize your strategy for high past returns. Backtesting as a predicting method is highly frowned upon.

Still. interested ;)

This is indeed no proof of future return. It is only an indication of what we would have done, had we started, with the current strategy, a year something ago.
Backtests, not any more than past performances actually, do not guaranty future performances.

Sorry if we gave this impression.
They are tools to understand the strategy. And they help optimizing.
Naturally, we could, technically, cheat and say whatever we want. But I think people who would want to invest money in a fund, any fund, do have to trust the managing team a minimum.
Else, people shouldn't invest in funds, but trade themselves.


To answer your question, the -600% for Bitcoin is for someone who would have invested at the peak (November 2013)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on December 11, 2014, 12:09:53 pm
Alright.

How can someone lose more than 100%? Or do you mean it lost 600% of its relativ gains since start?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: monsterer on December 11, 2014, 12:17:33 pm
Lets see some forward tests, then you'll have my attention :)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 11, 2014, 12:49:56 pm
Alright.

How can someone lose more than 100%? Or do you mean it lost 600% of its relativ gains since start?

Leveraging... ;)

But that is not the case. It's -600% on this scale, starting at 0% on October 2013. But you are right, it's misleading, I should comment differently.

Lets see some forward tests, then you'll have my attention :)

It may be too late then... ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on December 11, 2014, 01:21:05 pm
How often do you adjust the NXT and BTC rates at CCEDK.com to reflect the euro price?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: monsterer on December 11, 2014, 02:28:57 pm
It may be too late then... ;)

I'll take my chances.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 11, 2014, 02:30:09 pm
How often do you adjust the NXT and BTC rates at CCEDK.com to reflect the euro price?
Every day, if needed.
But it's more complicated than that.
We have a large Excel sheet with all our investments, and, every day, it downloads the values of everything, add them up, divide the total by the number of shares, and gives us the day's value in term of dollar, euro, btc, and Nxt.
If the value significantly changed from the day before, I'll adjust the buy and sell offers according to it.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on December 11, 2014, 07:15:30 pm
hello,

Good to see this projects show up in next; interested; although I have some questions:

- I don't see anywhere "dividends" advertised; so, are you planning to distribute the profit to your shareholders or you rely that the price of the share will adjust to the value of investments behind the share? If that the case; by now, I'm out.

- About the web, I see a big team there...you seem to have experience and see people from the nxtforum onboard which is always + (although scams can happen everywhere) the question is: why a so badly designed webpage??? there's plenty, hundreds of Do-it-yourself, visual editors that let you create professional looking websites in some hours with nice templates; you have quite a big team of people and this scary 90' looking website...that's not what I would be expecting of a top-edge high standard profile traders and tech guys  ???

It would be really nice if you could further explain about your asset

Thanks!! ;D
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 11, 2014, 08:37:06 pm
hello,

Good to see this projects show up in next; interested; although I have some questions:

- I don't see anywhere "dividends" advertised; so, are you planning to distribute the profit to your shareholders or you rely that the price of the share will adjust to the value of investments behind the share? If that the case; by now, I'm out.
As explained in the doc, we will actively maintain the Nxt-CCS pair on the AE, and the Euro-CCS pair on CCEDK. This means that will will reajust the selling and buying prices once per day, every time it is needed.
If the value per share increases, we increase the price. And vice versa.
So no dividend. Works exactly like any standard hedge fund. Dividend are usually paid by companies.

Quote
- About the web, I see a big team there...you seem to have experience and see people from the nxtforum onboard which is always + (although scams can happen everywhere) the question is: why a so badly designed webpage??? there's plenty, hundreds of Do-it-yourself, visual editors that let you create professional looking websites in some hours with nice templates; you have quite a big team of people and this scary 90' looking website...that's not what I would be expecting of a top-edge high standard profile traders and tech guys  ???
The site is still being developed at the moment.
Businessmen and traders finished their job before the devs. So that's our temporary page, to show something.


Good remarks. Happy to answer.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: buybitcoinscanada on December 11, 2014, 10:00:22 pm
a
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on December 11, 2014, 10:34:06 pm
hey, thanks for your answers. some more questions:

- Are you starting with your full funding or fundraising? when this fundraising stops?

I'm asking this because it's not the same selling "new" shares because you are adding funding to your hedge fund; than spectulating on the shares. I guess there shouldn't be speculation there. The fund can grow up or down, it means the total amount can increase or decrease; but that shouldn't affect the value of the shares. Maybe you are trading with 500.000 eur and getting 15% one day, so the value of the share should increase 15%. If someone gets out of the fund, and next day you have 400.000 eur but get 15% more, the shares should reflect this increase.

could you explain further??

- then are you doing an online-transparent accountancy of our money and how you invest it?? Where?


As you buy/sell and move that money/crypto we should be able to "see" it's "market value". I mean, do I have to believe when you tell me that today your share value is for example 300 eur???

You should be showing and proving us the market value of your investments, notjust telling us. The only way of doing that is with an on-line proof-of-existance of your assets and investments; an excel sheet with some functions may be fine for you, but shouldn't be enough for your investors.

Understand me, I don't mean you are trying to scam; I'm sure you have the best intentions; I'm just making common sense questions on how do we control you move our money, and how do we control if you really win money or loose money. One great thing about crypto is it's transparency and ability to see and control it in real time; there are many opaque-hedge fund in fiat money quite regulated and even like this they keep "scamming" people (see the financial crisis of 2008 with mortgage-backed securities (MBS) and collateralized debt obligations (CDO))...

soo...ok you are a crypto hedge fund, so I guess you are going to act in a TRANSPARENT way, unlike the traditional hedge funds, giving your costumers an online minute to minute accountancy of the funds/crypto and assets you are in; and THIS will be ONE of your KEY VALUES. Right?? Am I wrong?



Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 11, 2014, 11:41:56 pm
If someone wipes out the 5% bidwall, when do you replace it?
Yes, asap. That's what we call the liquidity guaranty.
Unless we face a MAJOR sellout (dozens of 5% sell walls wiped in a few hours/days), there shouldn't be any problem with that.
At the very worse, we'd have to delay the sell wall renewals until we have time to convert our investments to euros and/or Nxt and bring them to the corresponding platform.

hey, thanks for your answers. some more questions:

- Are you starting with your full funding or fundraising? when this fundraising stops?

I'm asking this because it's not the same selling "new" shares because you are adding funding to your hedge fund; than spectulating on the shares. I guess there shouldn't be speculation there. The fund can grow up or down, it means the total amount can increase or decrease; but that shouldn't affect the value of the shares. Maybe you are trading with 500.000 eur and getting 15% one day, so the value of the share should increase 15%. If someone gets out of the fund, and next day you have 400.000 eur but get 15% more, the shares should reflect this increase.
I think you understood this right.
It doesn't matter whether shares are bought or sold. The performance of the fund is linked to the quality of our investments.
Let me take an example:
Suppose we have 100,000€ in the fund, with 1000 shares.

Is that clearer?
 

Quote

- then are you doing an online-transparent accountancy of our money and how you invest it?? Where?

As you buy/sell and move that money/crypto we should be able to "see" it's "market value". I mean, do I have to believe when you tell me that today your share value is for example 300 eur???

You should be showing and proving us the market value of your investments, notjust telling us. The only way of doing that is with an on-line proof-of-existance of your assets and investments; an excel sheet with some functions may be fine for you, but shouldn't be enough for your investors.
Absolutely not. The guaranty of our honesty is the fact that we always offer to buy the shares back at 95% of their value. That means we have the money.

Quote
Understand me, I don't mean you are trying to scam; I'm sure you have the best intentions; I'm just making common sense questions on how do we control you move our money, and how do we control if you really win money or loose money. One great thing about crypto is it's transparency and ability to see and control it in real time; there are many opaque-hedge fund in fiat money quite regulated and even like this they keep "scamming" people (see the financial crisis of 2008 with mortgage-backed securities (MBS) and collateralized debt obligations (CDO))...

I perfectly understand your concerns. That is why we do the following :

Now, why NOT being transparent?



I hope this will clear your concerns.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on December 12, 2014, 12:06:44 am

ok, I understand some more questions...

But then my concerns; maybe 5% is not enough to "rebuy" or create buy walls. Actually through basilea III if my memory doesn't fail, banks are nearly 10% of costumers funds (that's not exactly the amount but is something around there I think); so a big european bank, ok, maybe 10%, but you are not as big as them (by now ::) ) so I guess your reserve should be greater.

Then what I suggest; proof-of-ownership by showing us you control some wallets:

Why not create:

 wallet nxt1
 wallet nxt2
random small amount transactions announced through your webpage and then done once a week, to show you effectively own the wallets. Also could create much more complex ways of doing that; just telling a simple fast easy way.

And if you are trading with many other crypto; then; show some of that wallets with the same system: wallet1 - wallet2 for proving - random transactions announced through your webpage and then done.

 We don't need to see all the funds; but we might want to see that you actually own an important amount of funds once a week.

Of course between 100% transparency and 0% transparency there are many "colours".

So I guess you can easily achieve a way of showing your investors you are in control of some wallets with enough founds to give us some guarantee.

I guess you are flexible on that and open to suggestions from your costumers. Are you?  ::)

What could you do for us? What is your transparency offer to your clients?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 12, 2014, 12:41:25 am
But then my concerns; maybe 5% is not enough to "rebuy" or create buy walls. Actually through basilea III if my memory doesn't fail, banks are nearly 10% of costumers funds (that's not exactly the amount but is something around there I think); so a big european bank, ok, maybe 10%, but you are not as big as them (by now ::) ) so I guess your reserve should be greater.
Actually, we have 2 sell walls at 5%.
One on the AE in Nxt, one on CCEDK in euros (this one not yet available, funds are being transfered)
More would kill the fund's performance.

Quote
Then what I suggest; proof-of-ownership by showing us you control some wallets:

Why not create:

 wallet nxt1
 wallet nxt2
random small amount transactions announced through your webpage and then done once a week, to show you effectively own the wallets. Also could create much more complex ways of doing that; just telling a simple fast easy way.
[...]
The details you are asking for are confidential. We will not show wallets, accounts (and pay the withdrawal and deposit fees), and bank accounts with euros.
No one would ever do that.
We could show that to an auditing firm, but not to the public.

Quote
And if you are trading with many other crypto; then; show some of that wallets with the same system: wallet1 - wallet2 for proving - random transactions announced through your webpage and then done.

 We don't need to see all the funds; but we might want to see that you actually own an important amount of funds once a week.

Of course between 100% transparency and 0% transparency there are many "colours".

So I guess you can easily achieve a way of showing your investors you are in control of some wallets with enough founds to give us some guarantee.

Again, our guaranty is that we buy back, so anyone can get out, any time.
We are not going to go through the lengthy and expensive process of moving funds around once a week.
Which would prove nothing more: We could run away right after that, too.


Quote
I guess you are flexible on that and open to suggestions from your costumers. Are you?  ::)

Actually... Not that much. Open to suggestions, yes. To transparency as you describe it, clearly not.
Once a month, as said in the fund's presentation, we will show charts and numbers.
The remaining data has to remain confidential, like all other funds do in the world.

Quote
What could you do for us? What is your transparency offer to your clients?
No more transparency than your bank gives you.

Sorry, I don't want to sound harsh. But what you are asking is for us to work for free, to kill the market, and to spend time and money in that process.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on December 12, 2014, 01:22:34 am
Ok thanks for your answers; there are different ways of doing business and this is yours; and it's nice you can tell us about your way. If it is succesful or not, or appropiate for each investors' taste; it's up to every of us but it's really important and useful to have this information here to help us decide. So thanks again for your patience.

Quote

Actually... Not that much. Open to suggestions, yes. To transparency as you describe it, clearly not.
Once a month, as said in the fund's presentation, we will show charts and numbers.
The remaining data has to remain confidential, like all other funds do in the world.

No more transparency than your bank gives you.

Sorry, I don't want to sound harsh. But what you are asking is for us to work for free, to kill the market, and to spend time and money in that process.

don't missunderstand me, I'm not asking you to work for free; i'm just asking you to show you own your investors' money; not showing us your methods from which you plan to earn money.

U know, accountancy by its definition gives you "a clear image of the company financial status at one exact moment in time" and all the companies around the world do that; they can run away with the money whenever they want; but from time to time they have to show up they accounts to their shareholders and to the government; and also declare their gains. Showing wallets it's just quite the same in crypto world.

How are you going to account (financially speaking) all your crypto-trades and all your gains and losses? and to declare them to the government? where are you based? which taxes apply to net gains on your crypto tradings?

Are you doing it the classic way (accomplishing your accountancy and information obligations stablished by national laws) or creating a trusty crypto way; what model are you following?

Is your way showing us an excell and a powerpoint presentation with whatever you want to show us and...believe it or not it's up to us???

You receive the money, you invest our money, you tell us how our money is doing, and you set the price of the share with a 5%NXT+5%EUR Walls of our money. I am missing something? Maybe your wife will belief you but (I repeat I don't think you want to scam us) please you should sound credible and give something more serious to your investors to believe in...

Quote
The details you are asking for are confidential. We will not show wallets, accounts (and pay the withdrawal and deposit fees), and bank accounts with euros.
No one would ever do that.
We could show that to an auditing firm, but not to the public.

About that; I agree. Which auditing firm do you have in mind for this job?
I guess some financial crypto friendly firm should be verifying that the funds you hold correspond to the shares you have issued and also to it's value.
about your proposal of legal. When are you planning to start the audits you mentioned above?

Thanks & good night :)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 12, 2014, 09:00:53 am
don't missunderstand me, I'm not asking you to work for free; i'm just asking you to show you own your investors' money; not showing us your methods from which you plan to earn money.
Again, I understand your concern. There is, nonetheless, no way we can do what you ask for without giving away our short term strategies (ie work for free), spending a lot of time (for security and technical reasons, we have plenty of accounts on many platforms), and spending our customers' money (withdrawals and deposits are not free).
So, even if your goal is not that, the result will be that.

Quote
U know, accountancy by its definition gives you "a clear image of the company financial status at one exact moment in time" and all the companies around the world do that; they can run away with the money whenever they want; but from time to time they have to show up they accounts to their shareholders and to the government; and also declare their gains. Showing wallets it's just quite the same in crypto world.
1. Giving a clear image doesn't mean the image is proven. The proof may be brought by tax inspectors or independent audits. Please remember Enron and Arthur Andersen nonetheless.
2. No fund that I know of (and I know plenty) ever gives away its accounting. All they do is reporting. And that what we'll do.
3. Don't confuse the fund's accounting (where the money is invested) and the company's accounting (where the money comes from, ie fees, and where it goes, ie expenditures). The second is made public in the case of public companies. The first, never, but that's what you ask for.
3. For public companies which indeed publish their accounting it's done once a year. not once a week.
4. Showing a wallet is not the same as showing the accounting. Once shown, a wallet is known and public forever. We'd have to change wallets all the time to keep confidentiality.

Quote
How are you going to account (financially speaking) all your crypto-trades and all your gains and losses? and to declare them to the government? where are you based? which taxes apply to net gains on your crypto tradings?

Are you doing it the classic way (accomplishing your accountancy and information obligations stablished by national laws) or creating a trusty crypto way; what model are you following?

I developed a large Excel sheet with macros downloading all the current values, so we precisely know what we have and how much it's worth.
It's also our reporting tool: it automatically creates charts that we'll publish once a month (first week of the month)
We are registering the company in RAK. This state doesn't require accounting nor taxes. That's important to us, because there is no accounting regulation about the work we do, anywhere in the world, yet.
So we don't want to be taken aback when it suddenly falls in.
We'll register the company back to Switzerland (where we live) once this has changes, hopefully the coming year.

Quote
Is your way showing us an excell and a powerpoint presentation with whatever you want to show us and...believe it or not it's up to us???

Yes, just like any fund manager does. Look around.
Furthermore, regulation and official constraints have never stopped anyone from scamming.
Think Madoff.

That's the kind of chart we'll publish (data made up in this case):
(http://i57.tinypic.com/2hr1och.jpg)


Quote
About that; I agree. Which auditing firm do you have in mind for this job?
I guess some financial crypto friendly firm should be verifying that the funds you hold correspond to the shares you have issued and also to it's value.
about your proposal of legal. When are you planning to start the audits you mentioned above?
:D
We don't plan on auditing the first week after launch, that's for sure.
Auditing is expensive. So my question to you would be: As a customer, how much would you be willing to pay for that service, and how often?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on December 12, 2014, 07:47:52 pm
Ok, interesting info about how are you going to operate in RAK, in United Arab Emirates.

Quote
We don't plan on auditing the first week after launch, that's for sure.
Auditing is expensive. So my question to you would be: As a customer, how much would you be willing to pay for that service, and how often?

Well that's a good question, as a costumer how much I will be willing to pay up to of the fund profitability (%) to prove you are performing correctly and for that proof-of-solvency + proof-of-investments.

It doesn't have sense to ask a third party to prove you are not scamming me with as my funds would be already invested.

So, what % of the fund profitability are you proposing for this audits? I guess depending of the frequency and in-depth analisis of this audits the amount should vary. Could you make some serious proposal of external control to your investors??

Could we develop a white paper on the concepts (indicators) that might be taken in this analysis? Example:
- proof-of-existance: that your company on RAK exists, that all your bank accounts to manage the funds exist and are under your company name.
- proof-of-reserves (5% + 5%) - that they exist and you are holding them
- proof-of-investments (that you effectively own the assets/coins you say you own)
- proof-of-security -  a list of best practices on controlling your costumers funds, and if you are applying this Best practices or not (2FA, cold wallets...)
- proof-of-shares - independent calculation in order to check the value of the assets and that the nº of existing shares are correct
....

So, the interesting thing might be what will you be offering to your costumers?
 Iam sure most investors will agree to rennounce to a % of the value rising of the shares in order to achieve this 3rd partiy auditing.

For me as an investor I would pay as much as 30% of price rising in shares in order to achieve this. I guess that, when you start I operating it would be really necessary that you have someone assuring investors your proof-of-existance

Well I would love to see what you Cryptocoin can offer us Audinting options for it's investors.

Thanks!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 13, 2014, 04:26:32 pm
Well that's a good question, as a costumer how much I will be willing to pay up to of the fund profitability (%) to prove you are performing correctly and for that proof-of-solvency + proof-of-investments.

It doesn't have sense to ask a third party to prove you are not scamming me with as my funds would be already invested.

So, what % of the fund profitability are you proposing for this audits?
Well, nothing's free, my friend.
So, in the end, the customer is the one paying. Every time, everywhere.
Basically, you're identifying a risk, and I agree with you on that point: technically, we could run away with the money.
As an investor, you should measure this risk, somehow putting a value on it, depending on what you know and how you feel about it.
Once you know how much this risk costs to your eyes, you either know the price you'd be willing to pay to decrease this risk, or you know you just won't invest.

So, that price you'd be willing to pay, you, as an investor, will have to pay it. Either through the risk itself, through a high entry fee (the share would be worth 100, but we sell it 100 + x%. Right now, x=1%), through a high exit fee (the buy wall is now set to -5%, it could become -x%), through management fees (today, they are 0%, the market average is around 1.5%), or through higher performance fees.

In the end, the customer pays. And if the price is higher than the perceived risk, the fund loses customers, because they want performance with low fees.

Quote
I guess depending of the frequency and in-depth analysis of this audits the amount should vary. Could you make some serious proposal of external control to your investors??

No. For one good reason: This kind of audit is expensive. Talking about 5 to 6 digit numbers here.
Right now, 90% of the fund's value was brought by... us. This means we'd be using all the investors' funds to pay for that.


Quote
Could we develop a white paper on the concepts (indicators) that might be taken in this analysis? Example:
- proof-of-existance: that your company on RAK exists, that all your bank accounts to manage the funds exist and are under your company name.
That can be done, yes.

Quote
- proof-of-reserves (5% + 5%) - that they exist and you are holding them
That is already done: These are the buy walls. You can see one on the AE, the other one soon on CCEDK.

Quote
- proof-of-investments (that you effectively own the assets/coins you say you own)
That would require an independent audit. --> expensive.

Quote
- proof-of-security -  a list of best practices on controlling your costumers funds, and if you are applying this Best practices or not (2FA, cold wallets...)
I can tell you I have 20 years of experience in IT (I am easily found on LinkedIn if you want to check), I'm an expert at desktop security, I'm also the one who managed the BTer hack crisis directly with the hacker and BTer "CEO", and you can check the AE and CCEDK procedure I put on line to see how far we go for securing other people's computers.
So yes, obviously, we use secure machines, with 2FA.
But I can say that, it's not a proof.
Proof requires an audit, again.

Quote
- proof-of-shares - independent calculation in order to check the value of the assets and that the nº of existing shares are correct
Audit again.

Quote
So, the interesting thing might be what will you be offering to your costumers?
 Iam sure most investors will agree to rennounce to a % of the value rising of the shares in order to achieve this 3rd partiy auditing.

For me as an investor I would pay as much as 30% of price rising in shares in order to achieve this. I guess that, when you start I operating it would be really necessary that you have someone assuring investors your proof-of-existance
This means that, added to our own cut, as an investor, you would only be getting half of the performance.
Let's suppose every one agrees with that number. To cover for the costs, and assuming we're doing 20% in a month (which would be damn good), I'd need at least $600,000 invested in the fund. At least.

So now the question now is: How much would you invest with us?


Something is strange here, though...
As you can see, I'm being as open as possible. But it looks to me that I'm the first one around to whom so many question were asked.
Don't misunderstand me: these questions are legitimate. But it is weird so many people managed to get their shit assets out with no question and I'm getting so much scrutiny here...

Is there a specific reason?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on December 13, 2014, 09:34:23 pm
Is there a specific reason?

Probably because your asset is interesting and is worth the time it take to ask question.  :)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: buybitcoinscanada on December 13, 2014, 10:08:16 pm
a
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 13, 2014, 10:31:05 pm
Is there a specific reason?

Probably because your asset is interesting and is worth the time it take to ask question.  :)

Is there a specific reason?

Probably because your asset is interesting and is worth the time it take to ask question.  :)

Bingo.

Oh...

Well, then, I'm flattered... ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: jl777 on December 13, 2014, 10:45:39 pm
Is there a specific reason?

Probably because your asset is interesting and is worth the time it take to ask question.  :)

Is there a specific reason?

Probably because your asset is interesting and is worth the time it take to ask question.  :)

Bingo.

Oh...

Well, then, I'm flattered... ;)
I bought a small amount, this has very good potential. Just dont put too much weight on any backtests, unless your algo is made sure to avoid ANY overfitting of the historical dataset

James
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 13, 2014, 10:54:34 pm

I bought a small amount, this has very good potential. Just dont put too much weight on any backtests, unless your algo is made sure to avoid ANY overfitting of the historical dataset

James

Thanks for the advice, James.

I'm not very good at trading myself. That's why there are 2 guys with me on this:
One with a master degree in finance and another in trading.
The other with one in finance and another in risk management.

They use several predicting techniques. When all of them go toward the same direction, we invest or desinvest heavily, otherwise, we do some small trading or just hold our position.

On top of that, we also have some long term investments, like Sharkfund0 or jl777hodl.
You may have heard of those... ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on December 14, 2014, 11:48:00 am

Useful information just keeps poping out of you DoM P (I don't know if this expression exists - to pop out hehe, but anyway)

that info wasn't there on the first post, and yeah, sounds interesting that's why I'm asking :)

I have invested also a bit, I need to diversify on my investments too, exactly because I don't wanna be caught with all the eggs in the same basket. I have already lost enough money around  :( by now about 15 BTC in around 2 years, but that's the price of learning  :-\ ; probably investing not the same "bit" as James by the way :P
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 15, 2014, 10:05:39 am
If you missed it:

http://bitcoinist.net/cryptocoins-hedge-fund-nxtinside-gives-birth-to-a-new-partnership/
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: printshop on December 15, 2014, 10:24:46 am
Now, why NOT being transparent?
  • Being transparent is a really hard thing to do. We could say we have something, but how do we prove it? We are certainly not giving you access to our Kraken, Bitstamp, BTer, CCEDK, and other platforms' accounts, right?
  • The choices we make are the results of months of work and years of studying. We are not going to give this up for free so people can just replicate us
  • We intend for this fund to become quite large. If we succeed, saying what we do will actually change the market data. And that would be very bad. We are not market makers

The way this is traditionally done (and you mention banks as a bar of transparency) is to hire a third party accountant or auditor and have them sign an NDA. Would you consider that?

Edit: I see the subject of auditing has been brought up, but I can't see why it would cost 5 or 6 figures. Why not have a community member do it? Like how Damelon has audited some of the securities around here? It actually sounds exactly like the kind of thing NXTinspect or KNS should be doing. Why not contact NXTinspect about doing this?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 15, 2014, 11:27:47 am
Now, why NOT being transparent?
  • Being transparent is a really hard thing to do. We could say we have something, but how do we prove it? We are certainly not giving you access to our Kraken, Bitstamp, BTer, CCEDK, and other platforms' accounts, right?
  • The choices we make are the results of months of work and years of studying. We are not going to give this up for free so people can just replicate us
  • We intend for this fund to become quite large. If we succeed, saying what we do will actually change the market data. And that would be very bad. We are not market makers

The way this is traditionally done (and you mention banks as a bar of transparency) is to hire a third party accountant or auditor and have them sign an NDA. Would you consider that?
Not for now, because of the costs.
I spent weeks working on our accounting, developing a custom made Excel accounting book. I am 100% sure it doesn't follow the official account regulations.
A professional accountant would also need days, if not weeks, digging into all the macros and formulas this book includes.

But I see no problem in doing that if we get bigger.
Actually, it is planned to get the fund officially registered in Switzerland or Luxemburg in that case, and that would required all of what you ask for.
The price? $80,000 to $100,000.

That's why it's not being done yet.
We'll be saving 100% of the fees to pay for that, actually.

Quote
Edit: I see the subject of auditing has been brought up, but I can't see why it would cost 5 or 6 figures. Why not have a community member do it? Like how Damelon has audited some of the securities around here? It actually sounds exactly like the kind of thing NXTinspect or KNS should be doing. Why not contact NXTinspect about doing this?
Because -no pun intended, really- we are far more professional than they are.
5000 Nxt for an audit cannot give any interesting result, at least in our case.
They'd be working at less than $1 an hour...

But, I would agree to the following:
If a well known Nxt or Bitcoin user happened to live not too far from Lausanne, Switzerland, I would agree to see him and show him our accounting, our wallets, and our exchange platforms accounts, once an NDA would be signed.

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Nexxie on December 15, 2014, 07:53:50 pm
What are the projected/predicted profits for shareholders?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 15, 2014, 08:13:17 pm
What are the projected/predicted profits for shareholders?
I wouldn't predict anything.

The only thing I can say is that if we had started that fund on October 1st, 2013, and managed it with our current strategy, we would have made +722% by October 31st, 2014.
Which doesn't mean we'll do that for the coming year: It all depends on the market.

We're trying to beat Bitcoin, and there's a reasonable chance we will.
Apart from that, can't say...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Neomadra on December 17, 2014, 11:50:45 am
Is CFA Consulting a registered company? Couldn't find anything on the website.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 17, 2014, 01:42:24 pm
Is CFA Consulting a registered company? Couldn't find anything on the website.
Ongoing process.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 17, 2014, 02:35:17 pm
Some asked me the following question through PM, and I feel I should share the answer:

Quote
Why has the price increased lately?
I can not find the price increase rules anywhere in the description of the asset?

Answer:

The price of the share depends on the total value of the assets held by the fund (cash, bitcoins, altcoins, assets from AE or others) divided by the number of shares sold.
Every day we calculate this value and if there is a significant change from the day before, we adapt the price.

What happened here is that we sold most of our bitcoins before the crash. Therefore, even if the value in euros is decreasing (because of the remaining bitcoins, altcoins, and assets we hold), the value in Nxt increases.

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: manfromaus on December 18, 2014, 03:10:16 am
Some asked me the following question through PM, and I feel I should share the answer:

Quote
Why has the price increased lately?
I can not find the price increase rules anywhere in the description of the asset?

Answer:

The price of the share depends on the total value of the assets held by the fund (cash, bitcoins, altcoins, assets from AE or others) divided by the number of shares sold.
Every day we calculate this value and if there is a significant change from the day before, we adapt the price.

What happened here is that we sold most of our bitcoins before the crash. Therefore, even if the value in euros is decreasing (because of the remaining bitcoins, altcoins, and assets we hold), the value in Nxt increases.


Dom, you say "The price of the share depends on the total value of the assets held by the fund (cash, bitcoins, altcoins, assets from AE or others) divided by the number of shares sold."

Does this mean that per-share price could plummet if a whale eats up a large percentage from your sell walls, or did you mean divided by the full number of assets/shares created?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 18, 2014, 05:46:11 am
Some asked me the following question through PM, and I feel I should share the answer:

Quote
Why has the price increased lately?
I can not find the price increase rules anywhere in the description of the asset?

Answer:

The price of the share depends on the total value of the assets held by the fund (cash, bitcoins, altcoins, assets from AE or others) divided by the number of shares sold.
Every day we calculate this value and if there is a significant change from the day before, we adapt the price.

What happened here is that we sold most of our bitcoins before the crash. Therefore, even if the value in euros is decreasing (because of the remaining bitcoins, altcoins, and assets we hold), the value in Nxt increases.


Dom, you say "The price of the share depends on the total value of the assets held by the fund (cash, bitcoins, altcoins, assets from AE or others) divided by the number of shares sold."

Does this mean that per-share price could plummet if a whale eats up a large percentage from your sell walls, or did you mean divided by the full number of assets/shares created?
Neither.
If a whale buys a load of shares, there are more shares sold AND there is more value in the fund.
--> The price doesn't bulge.

The total number of shares available is only a technical parameter, and has nothing to do with the price. What's important is the number of shares sold and the amount of money we manage in the fund.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: manfromaus on December 18, 2014, 09:47:47 am
Beautiful. Thanks for the clarification.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Neomadra on December 18, 2014, 10:42:15 am
Is CFA Consulting a registered company? Couldn't find anything on the website.
Ongoing process.
Great. So far you make a very good impression to me. You have an entire team of professionals and your business seem to be very serious. That's not seen very often in crypto. I hope you get your registering done. Wish you much success.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 18, 2014, 11:07:01 am
Is CFA Consulting a registered company? Couldn't find anything on the website.
Ongoing process.
Great. So far you make a very good impression to me. You have an entire team of professionals and your business seem to be very serious. That's not seen very often in crypto. I hope you get your registering done. Wish you much success.
Thanks.
This bit has been quite an administrative hassle.
Been sending papers again this morning...
But since we want to be as legit as possible, that is a must. So... Working on it... ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Neomadra on December 24, 2014, 04:09:05 pm
Why is the funds performance since last week rather quite bad? Haven't expected such a high volatility. Could you elaborate on that, if you're allowed to?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 24, 2014, 06:50:23 pm
Why is the funds performance since last week rather quite bad? Haven't expected such a high volatility. Could you elaborate on that, if you're allowed to?
I think you have the impression we performed bad because you're watching the price in terms of Nxt.
In terms of euros, we're at -5%, while Bitcoin is at -13% since the first day.
But, recently, Nxt increased a lot. So our value in terms of Nxt decreases.


Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on December 28, 2014, 07:05:43 pm

Will be waiting for your monthly report of the fund and new web design.

Estimated publishing date of both?

thanks,

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on December 28, 2014, 10:08:43 pm

Will be waiting for your monthly report of the fund and new web design.

Estimated publishing date of both?

thanks,

The monthly report should be ready first week of January. Working on the template these days, actually.

The new web design should follow shortly, but I cannot say when yet.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: javi618 on January 03, 2015, 07:43:15 am
Dom, where is your buy wall?

thanks
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on January 03, 2015, 10:08:36 am
Dom, where is your buy wall?

thanks

Hello,
I temporarily removed the walls both on CCEDK and on the AE because of Nxt's recent race to the stars.
We are facing a problem we didn't anticipate enough:
When Nxt rises fast, the value of CryptoCoins expressed in Nxt decreases just as fast (though its value in euros increases). But our sell walls are at -5% of the share's value. Yesterday, Nxt rose 20%. This is too hectic and people could arbitrage against us by buying and selling back and forth.
This is a complicated problem: how can we stop this while leaving the walls? I have yet to find a suitable answer. To face the emmergency, I removed the walls, and will put them back on shortly.

If you,or anyone else, wishes to sell, please tell me and I will calculate the right price at that moment to put the wall back on.

Please note that this is a temporary technical problem, and nothing more. The fund is still being managed just as we announced.

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on January 03, 2015, 05:06:11 pm
We are pleased to announce the first monthly report.

It can be downloaded here: http://cfa-consulting.ch/dlfiles/CryptoCoins_Report_2014-12_EN.pdf

Extract:
(http://i57.tinypic.com/qx8f8j.jpg)

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: SwissAlps on January 04, 2015, 05:07:47 am
But, I would agree to the following:
If a well known Nxt or Bitcoin user happened to live not too far from Lausanne, Switzerland, I would agree to see him and show him our accounting, our wallets, and our exchange platforms accounts, once an NDA would be signed.

Hi DoM P,

Living not far from Lausanne, if I can be of some help to you, just PM me ! 

Not being an accountant, I cannot possibly audit your business,  but at least I can assert that you are a real person, with a real name, real partners, etc...

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on January 04, 2015, 06:48:48 pm
Thank you for the report.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on January 12, 2015, 09:39:39 pm
For info, we started a series of articles about the cryptocurrencies market.
It's called the Decadays Market Report. To be published every 10 days on bitcoinist.net

The first one is here:
http://bitcoinist.net/decadays-trading-report-guide/
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on January 16, 2015, 11:07:34 am
I've noticed that there has been no trading for CCS on ccedk.com in january.

Have you abandoned this exchange or is it because of the btc price drop?

 ???
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on January 16, 2015, 11:16:55 am
I've noticed that there has been no trading for CCS on ccedk.com in january.

Have you abandoned this exchange or is it because of the btc price drop?

 ???
There has been no trading because no one bought nor sold, that's all.

Since there was no volume, I did remove the orders 2 days ago to avoid arbitrage against our positions, considering the very high volatility.

We bought and sold a lot lately, and I am in the process of doing our accounting, so I should put orders back on line in a few hours.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on January 16, 2015, 11:28:09 am
I've noticed that there has been no trading for CCS on ccedk.com in january.

Have you abandoned this exchange or is it because of the btc price drop?

 ???
There has been no trading because no one bought nor sold, that's all.

Since there was no volume, I did remove the orders 2 days ago to avoid arbitrage against our positions, considering the very high volatility.

We bought and sold a lot lately, and I am in the process of doing our accounting, so I should put orders back on line in a few hours.

Good to know, thanks for the quick reply.

I think CCS can now really shine...  ;D
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on January 16, 2015, 11:37:33 am
I've noticed that there has been no trading for CCS on ccedk.com in january.

Have you abandoned this exchange or is it because of the btc price drop?

 ???
There has been no trading because no one bought nor sold, that's all.

Since there was no volume, I did remove the orders 2 days ago to avoid arbitrage against our positions, considering the very high volatility.

We bought and sold a lot lately, and I am in the process of doing our accounting, so I should put orders back on line in a few hours.

Good to know, thanks for the quick reply.

I think CCS can now really shine...  ;D

In terms of euros, we lost some value.
But we did A LOT better than all cryptos...
;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on January 16, 2015, 11:40:37 am
I've noticed that there has been no trading for CCS on ccedk.com in january.

Have you abandoned this exchange or is it because of the btc price drop?

 ???
There has been no trading because no one bought nor sold, that's all.

Since there was no volume, I did remove the orders 2 days ago to avoid arbitrage against our positions, considering the very high volatility.

We bought and sold a lot lately, and I am in the process of doing our accounting, so I should put orders back on line in a few hours.

Good to know, thanks for the quick reply.

I think CCS can now really shine...  ;D

In terms of euros, we lost some value.
But we did A LOT better than all cryptos...
;)

WHAT??? I thought you've kept everything in CHF! 
:o :o :o




Just kidding, but would have been a nice profit...  ;D
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on January 16, 2015, 12:00:18 pm
I've noticed that there has been no trading for CCS on ccedk.com in january.

Have you abandoned this exchange or is it because of the btc price drop?

 ???
There has been no trading because no one bought nor sold, that's all.

Since there was no volume, I did remove the orders 2 days ago to avoid arbitrage against our positions, considering the very high volatility.

We bought and sold a lot lately, and I am in the process of doing our accounting, so I should put orders back on line in a few hours.

Good to know, thanks for the quick reply.

I think CCS can now really shine...  ;D

In terms of euros, we lost some value.
But we did A LOT better than all cryptos...
;)

WHAT??? I thought you've kept everything in CHF! 
:o :o :o




Just kidding, but would have been a nice profit...  ;D
Well... Yes and no.
On our charts, it would have shown a 20% fall, because everything seems to go down when you go up... ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: th4o on January 28, 2015, 03:32:29 pm
The Buywall is gone  ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: marechou on January 29, 2015, 04:45:48 pm
But, I would agree to the following:
If a well known Nxt or Bitcoin user happened to live not too far from Lausanne, Switzerland, I would agree to see him and show him our accounting, our wallets, and our exchange platforms accounts, once an NDA would be signed.

Hi DoM P,

Living not far from Lausanne, if I can be of some help to you, just PM me ! 

Not being an accountant, I cannot possibly audit your business,  but at least I can assert that you are a real person, with a real name, real partners, etc...



So did you meet each other? Asset is good but some I require more trust to invest in.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Ludom on January 29, 2015, 04:59:30 pm
Yes they meet each other. They were by me for the NXT barbecue : https://nxtforum.org/general-discussion/%28event%29-nxt-barbecue-in-switzerland-28th-june/msg55950/#msg55950

But it was in June 2014.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on January 29, 2015, 10:39:34 pm
The Buywall is gone  ;)
No worry. Someone sold it all.
With the high volatility these past few days, someone tried to arbitrage, even though there was little to no gain in doing so...
I think the guy who did that is the one responsible for this... ;)
So now, we're out of Nxt nad in the process of buying some.
The wall will be set back shortly.

Sorry for the inconvenience...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Neomadra on February 02, 2015, 11:28:14 am
There is still no buywall after 3 days?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: th4o on February 03, 2015, 04:04:50 pm
Sadly still nothing changed.

I'm sure you've been able to buy some nxt within nearly a week ;)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on February 03, 2015, 04:58:58 pm
Sadly still nothing changed.

I'm sure you've been able to buy some nxt within nearly a week ;)

Yep. Waiting on it here. Ty
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on February 04, 2015, 05:31:43 pm
Sorry everybody.
I combined a painful flue and a series of technical problems with my clients (same problem on 2 computers) Message "NRS server exited..."
The accounting was done each day, but I just couldn't put the orders up.

Sorry.
I need to find a way to automatize this. If someone has an idea, I'm all for it...

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: printshop on February 04, 2015, 06:21:34 pm
Sorry everybody.
I combined a painful flue and a series of technical problems with my clients (same problem on 2 computers) Message "NRS server exited..."
The accounting was done each day, but I just couldn't put the orders up.

Sorry.
I need to find a way to automatize this. If someone has an idea, I'm all for it...

Sorry to hear. Also congratulations on your first hurdle -- you're still in business after 60 days! -- it seems to be a demarcation line around here.

There's still a couple of questions I have (although I did end up investing a small amount)--

One, you mentioned registering a business. It's been a couple of months, do you have an actual business number or incorporation yet?

Second,

I see the subject of auditing has been brought up, but I can't see why it would cost 5 or 6 figures. Why not have a community member do it? Like how Damelon has audited some of the securities around here? It actually sounds exactly like the kind of thing NXTinspect or KNS should be doing. Why not contact NXTinspect about doing this?
Because -no pun intended, really- we are far more professional than they are.
5000 Nxt for an audit cannot give any interesting result, at least in our case.
They'd be working at less than $1 an hour...

But, I would agree to the following:
If a well known Nxt or Bitcoin user happened to live not too far from Lausanne, Switzerland, I would agree to see him and show him our accounting, our wallets, and our exchange platforms accounts, once an NDA would be signed.

I had to laugh that you would say a random person from Switzerland was more professional than a community company set up to do that kind of work :) But nevertheless, was any progress ever made with SwissAlps on this, or did you find someone else? I'm actually thinking, that once you register and get an accountant, that a simple report or statement signed by him would be actually better than an audit (no one would read a full audit anyway). Or for example if/when you incorporate there are often restrictions placed on the type of business you can undertake. Those documents are a matter of public record, and would probably be more informative than an audit from a trust standpoint anyway. Is something like that still on the table?

Anyways I did buy some, my other question is, it looks like this is a capital gains-style asset, and doesn't pay dividends, right? Thx.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: th4o on February 09, 2015, 02:50:12 pm
Sorry everybody.
I combined a painful flue and a series of technical problems with my clients (same problem on 2 computers) Message "NRS server exited..."
The accounting was done each day, but I just couldn't put the orders up.

Sorry.
I need to find a way to automatize this. If someone has an idea, I'm all for it..

Same status again? No buyorder the last four days
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: lopalcar on February 09, 2015, 03:13:11 pm
I'm interested in this asset but I don't understand how it really works... It seems each share costs 100$, but when are dividedends payed? If the trading doesn't goes well, who will assume the losses? "I see that if there are losses, there woulodn't be any fee, but does the possibility of lose money exists?"
Maybe I'm asking stupid things, mainly because I don't understand almost nothing about markets and trading... so excuse me if I'm asking obviounesses  :-[

What I'm really searching, is an asset whihc can asure me that my amount of nxt invested will remain constant and slowly increasse, I don't mind the fiat value of that nxt, I mean, if nxt goes to 0.2$ I want have the same amount of nxt, and if they go to 0.002$ also, I don't care about fiat value, only the amount of nxt invested. Does this asset aim this? If so, I'm looking into invest a good amount...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: bitcoinpaul on February 09, 2015, 04:15:44 pm
I don't understand almost nothing about markets and trading

Quote
I'm looking into invest a good amount...


Mmmmhhhh...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on February 12, 2015, 11:24:06 am
What was the funds performance since start of this thread?
In €
In BTC
in NXT

Thanks!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: starfishi on February 13, 2015, 03:29:52 pm
Whoops, wrong thread, sorry . .

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: whale on February 17, 2015, 09:23:41 am
Any updates?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: lopalcar on February 17, 2015, 10:20:35 am
I don't understand almost nothing about markets and trading

Quote
I'm looking into invest a good amount...

Mmmmhhhh...

That's why I'm asking and wanting to delegate the investments in other experienced people, isn't this the aim of traders? Isn't this the way banks or many bussiness perform? Taking the money of people which doesn't have the knowledeg for make their money grow?
I put money, they take a commission right?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on February 18, 2015, 06:31:56 am
ouch, this look like the worst flu in crypto i ever seen. please give us update and update the value of crypto coin.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on February 18, 2015, 08:56:02 am
So he is online everyday basically, and promissed monthly performance reports. Still 3 weeks into feburary no sign of a january report?

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: SwissAlps on February 18, 2015, 09:45:00 am
ouch, this look like the worst flu in crypto i ever seen. please give us update and update the value of crypto coin.
Hey, don't joke with this flu, if it's the same that I got, it was three weeks of bad shape...really boring...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on February 18, 2015, 01:06:14 pm
ouch, this look like the worst flu in crypto i ever seen. please give us update and update the value of crypto coin.
Hey, don't joke with this flu, if it's the same that I got, it was three weeks of bad shape...really boring...

Sorry to hear that, I really wish you all good health. Maybe my approach to ask for update was not the kindness one. But Dom P is a global moderator of this forum and the treasurer of the Nxt comitee. What is so difficult in jumping in his own tread and answering the questions that he has been ask for.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: georgelincoln on February 19, 2015, 03:06:37 pm
I'm very disappointed in myself because I invested in this solely because he was a moderator on these forums.

This asset is effectively a scam. meaning, it might not be a scam, but whether or not it is has become besides the point. It's not worth investing in.

How are those 8 employees working out for this company if none of them can be bothered to manage the asset or give us an update?

Make no mistake, I am not out of line here, what dom has said and done here is completely unacceptable and without a full accounting of what is going on I'd ask it be shut down permanently when/if he ever gets back. What a waste of time and money this turned out to be.

I think people have grown accustomed to you making terrible investment calls. After all you're so incredibly wrong and so vocal about it.  ;D
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: th4o on February 19, 2015, 06:44:27 pm
DoM P (https://nxtforum.org/index.php?action=profile;u=554), what's going on here. Give us an update!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on February 24, 2015, 10:31:21 pm
Ok back here some time after my posts...

- no new web
- no monthly report for january

No buy wall at nxt AE
No buy wall at CCEDK

Sell wall at CCEDK
Sell wall at Nxt AE

I want my ass out of this Asset. Dom P please PM me to Buy assets back

Thanks
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: javi618 on February 26, 2015, 09:22:47 am
Dom P, please could you do some update? and where is the buy wall?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: SwissAlps on February 27, 2015, 03:41:50 pm
Dom P, please could you do some update? and where is the buy wall?
Dom P, your last message of Dom P on this forum was Feb.4th.
May be something more than just a normal flu  ???
Would be nice to hear something from you...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on February 27, 2015, 07:55:36 pm
It seems no one is reacting; but sell walls still there ready to trap new investors.

It seems Mr. Yann Whali is actively collaborating with Bitcoinist.net as a Market analist. Bitcoinist.net team has been warned of the irregularities of the business being ruled by one of it's close collaborators.

CCEDK team has been warned too about the investors funds being kidnapped by Cryptocoin Fund Team and about the buy walls dissapearance some weeks ago.

Let's hope the Cryptocoin fund Team can manage this situation and put everything back to normal.

UPDATE: Both CCEDK and Bitcoinist are looking closer to this matter in order to see what's going on.

best hopes,

kimmel
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on February 27, 2015, 11:23:27 pm
Hello all.

A quick post to tell you all I'm sorry to have stopped communicating for so long.

Personal problems, a pile of them, fell upon me and I was clearly not up to it.
I am just came back from a long trip and will tell you more tomorrow, after I catch up with emails and PMS, and the rest.

Sorry.

Nothing to worry about the fund, though: it was managed by my partner all this time.

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on February 27, 2015, 11:34:07 pm
Hope everything is ok DoM P

Time to set up buy walls again.

at ccedk or nxt AE to show you are not kidnaping your investors.

Otherwise you just got the money and are keeping it in your hands.

In a fund people can get in & out and this were the conditions of your fund.
Also no statistics about its value so no way to know it and no monthly reports; just your word against nothing to know the real value of the assets.

This smells really bad sorry to say. Want my ass out of this so-called "fund" asap.

Take action.
Thanks.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on February 28, 2015, 09:58:52 am
I want out too Dom. Bought 20 (10 for a friend) at a price over 7. 
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: microbial on February 28, 2015, 12:38:43 pm
we cnt even trust global mods or hero members! this is bad!!!!!!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 01, 2015, 11:28:40 pm
M E A   C U L P A


I want to sincerely apologize to all of you who got worried about CryptoCoins.

First, I want to tell you that you didn't lose any money, and that the fund was still managed by my partner during my absence.
I sent enough Nxt to the CryptoCoins account to be able to reestablish a buy wall shortly. This is to prove the money is here and available.

Now what happened?
This is a matter I usually don't discuss in public, but since the fund is public, I feel it is necessary to go a little bit into details.

Quote from: my shitty life here
This all started with an ordinary flu, that was followed by a long series of painful events: It happens that my mother is most probably living her last year, which is bothering me much, as you may imagine. Cancer. Long, painful, and demanding. I live about 1500 km away from her and reaching out to her is no easy task. In the mean time, my father, aging also, has been stuck into an administrative maze (he lives in France, that's the country's specialty) and I had to spend countless hours (plus trips) to help him out. As if this were not enough, my brother, mentally ill, has had a couple of crisis these past 2 months, which led me to spend even more time discussing with him, especially when he ended up with a few centimeters of water in his flat because of a pipe rupture that totally freaked him out.
To top it all, my client ran out of projects for me (I am now out of a job and need to find one fast) and BTer got hacked. Again. (We had no fund there but our Excel accounting file was getting prices from their API. Everything needs to be done manually until I adapt the system).
Every time I was trying to stick my head out of the water, another event struck... :(

I did not tell you this as an excuse. These were, to me, perfectly good reasons to have a hard time fulfilling my duties, but absolutely not to leave you all in the dark. So, once again, I apologize.

Not having behaved as professionally as I personally would have wanted any service provider to behave with me, I understand that many of you want out. That is why you will see a sell wall appear shorty, at a price that shouldn't be very far from the current sell wall. I still have to adapt our accounting to know precisely the value of the fund, though.

DoM P
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: JohnHolmes on March 02, 2015, 03:52:21 am
M E A   C U L P A


I want to sincerely apologize to all of you who got worried about CryptoCoins.

First, I want to tell you that you didn't lose any money, and that the fund was still managed by my partner during my absence.
I sent enough Nxt to the CryptoCoins account to be able to reestablish a buy wall shortly. This is to prove the money is here and available.

Now what happened?
This is a matter I usually don't discuss in public, but since the fund is public, I feel it is necessary to go a little bit into details.

Quote from: my shitty life here
This all started with an ordinary flu, that was followed by a long series of painful events: It happens that my mother is most probably living her last year, which is bothering me much, as you may imagine. Cancer. Long, painful, and demanding. I live about 1500 km away from her and reaching out to her is no easy task. In the mean time, my father, aging also, has been stuck into an administrative maze (he lives in France, that's the country's specialty) and I had to spend countless hours (plus trips) to help him out. As if this were not enough, my brother, mentally ill, has had a couple of crisis these past 2 months, which led me to spend even more time discussing with him, especially when he ended up with a few centimeters of water in his flat because of a pipe rupture that totally freaked him out.
To top it all, my client ran out of projects for me (I am now out of a job and need to find one fast) and BTer got hacked. Again. (We had no fund there but our Excel accounting file was getting prices from their API. Everything needs to be done manually until I adapt the system).
Every time I was trying to stick my head out of the water, another event struck... :(

I did not tell you this as an excuse. These were, to me, perfectly good reasons to have a hard time fulfilling my duties, but absolutely not to leave you all in the dark. So, once again, I apologize.

Not having behaved as professionally as I personally would have wanted any service provider to behave with me, I understand that many of you want out. That is why you will see a sell wall appear shorty, at a price that shouldn't be very far from the current sell wall. I still have to adapt our accounting to know precisely the value of the fund, though.

DoM P

Sorry to hear of your troubles! Life can be tough sometimes, we all have those periods in our lives, so most reasonable people will understand.

Thanks for the update, you know the situation I think. Communication in a decentralised world is critical.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 02, 2015, 05:52:05 am
Sorry to hear about your personal problems, but your actions as an asset manager are inexcusable. You caused your investors to lose money as a direct result of your actions.

You're clearly not qualified to run an asset. This isn't some hobby, you're playing with people's money here, and your lack of respect for that is not acceptable.

If I did, I am sorry. And I would ask such an investor to tell me how much he or she lost so I can see if I can cover the said loss.
Though I wonder how such a loss happened because of my lack of communication : the fund was still managed during that time.

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: printshop on March 02, 2015, 06:07:47 am
Sorry to hear about your personal problems, but your actions as an asset manager are inexcusable. You caused your investors to lose money as a direct result of your actions.

You're clearly not qualified to run an asset. This isn't some hobby, you're playing with people's money here, and your lack of respect for that is not acceptable.

If I did, I am sorry. And I would ask such an investor to tell me how much he or she lost so I can see if I can cover the said loss.
Though I wonder how such a loss happened because of my lack of communication : the fund was still managed during that time.


Well the truth of the matter is that I only lost a few hundred NXT (if even that) because I sold some after not hearing any updates for several weeks. With a lack of communication like this many investors will try to get out at 80%-90% so they're not left holding the bag. Was I hotheaded about it, yes. But your communication style has calmed me down. And I would rather that the asset succeeds than anything else, of course.

Some people may find this hard to believe but I think that you are actually more trustworthy now than you could have been before this happened. But please, can you have someone in your office just leave a note if you are not going to be in within a 10 day period? :)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 02, 2015, 06:18:14 am
But please, can you have someone in your office just leave a note if you are not going to be in within a 10 day period? :)
That's the problem: I am the one supposed to do the communication... And I failed doing so.
This calls for some changes in our organization and I am thinking about it already...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: SwissAlps on March 02, 2015, 07:31:14 am
Hi DoM P,

Nice to see that you are back  ;D
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on March 02, 2015, 06:44:59 pm
Please make sure to update here once you put the buy wall. ty
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on March 02, 2015, 07:15:08 pm
Glad to see you back.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on March 03, 2015, 11:02:32 pm

And yet no buy wall appearing anywhere...

btc and nxt price rising and sell wall keeping price, no one beliefs that

Dom P hope you are well if you can't keep on with this fund you are supposed to be a team with at least 6 members listed in the website, please tell someone else to do this for you.

thanks
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 04, 2015, 05:46:23 am

And yet no buy wall appearing anywhere...

btc and nxt price rising and sell wall keeping price, no one beliefs that

Dom P hope you are well if you can't keep on with this fund you are supposed to be a team with at least 6 members listed in the website, please tell someone else to do this for you.

thanks

Hello, Still here.
Having a hard time recovering from all of this.
Working on it.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: scrubby on March 06, 2015, 06:13:37 am
no
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on March 06, 2015, 07:54:29 am
This is not right Dom. With all the respect but it's not even my money I put it. Please make sure that you fix this
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: cryptard on March 06, 2015, 06:49:29 pm
is even moderating any more?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on March 07, 2015, 02:02:50 pm
Dom P, you are killing your asset and the business of your partner. Please do something or get a replacement. In the past it took only a couple days to put the buy wall back.

Im sorry if you are having hard time, but all your group is losing a lot of credibility because of those miss comunications and actions.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 07, 2015, 06:11:04 pm
Dom P, you are killing your asset and the business of your partner. Please do something or get a replacement. In the past it took only a couple days to put the buy wall back.

Im sorry if you are having hard time, but all your group is losing a lot of credibility because of those miss comunications and actions.

Hello,

I fully understand. Will do my best to do it all tomorrow...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: th4o on March 09, 2015, 09:30:37 pm
This is more and more turning into ltcgear v2.

It's really ridiculous how long it's taking to simply put up a buywall.
What's your plan here? Wait until btc is worth 500$ again and put a buywall at 3000 nxt?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: scrubby on March 09, 2015, 09:38:55 pm
no
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on March 10, 2015, 06:10:51 pm
So he comes every day here to tell us he will fix things tomo? Damn m8 I had such high hopes on you....
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: wize_prime on March 10, 2015, 09:14:28 pm
I'm new to this whole thing and bought CryptoCoin on the reputation of this man. I've even witnessed people with clout in the community cosign on this type of behavior... This is not the level of professionalism I expected.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: yassin54 on March 10, 2015, 09:24:08 pm
This is not the level of professionalism I expected.
Me too  :-\
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Damelon on March 10, 2015, 10:08:23 pm
I just want to let everyone know that I have sent messages to Dom on multiple channels that this is unacceptable.

While I cannot deal with this asset in any direct way, this needs to be resolved.

I call on Dom to do the right thing and get this issue sorted ASAP and communicate to his asset holders what the situation is.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: wize_prime on March 10, 2015, 10:18:57 pm
Thank you, I appreciate it.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on March 10, 2015, 10:19:05 pm
Thanks Damelon.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on March 10, 2015, 10:37:08 pm
I just want to let everyone know that I have sent messages to Dom on multiple channels that this is unacceptable.

While I cannot deal with this asset in any direct way, this needs to be resolved.

I call on Dom to do the right thing and get this issue sorted ASAP and communicate to his asset holders what the situation is.

What worry me the most is the Nxt community fund that Dom p is in possession...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on March 11, 2015, 05:31:02 pm
Thank you Damelon. Hope this will be resolved
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on March 11, 2015, 06:09:00 pm
I just want to let everyone know that I have sent messages to Dom on multiple channels that this is unacceptable.

While I cannot deal with this asset in any direct way, this needs to be resolved.

I call on Dom to do the right thing and get this issue sorted ASAP and communicate to his asset holders what the situation is.

What worry me the most is the Nxt community fund that Dom p is in possession...

How much?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 11, 2015, 06:54:40 pm
I've had high hopes for this asset.  :(

But now I think, as soon as Dom establish a buy wall a "bank run" will occur! The buy wall will be eaten in minutes and it will not be sufficient for all the investors who want to minimize their risk.

Dom, you must post here very soon with some "real numbers" to put oil on troubled waters. No news are bad news for the investors!

Don't let this asset die!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on March 11, 2015, 08:00:49 pm
I just want to let everyone know that I have sent messages to Dom on multiple channels that this is unacceptable.

While I cannot deal with this asset in any direct way, this needs to be resolved.

I call on Dom to do the right thing and get this issue sorted ASAP and communicate to his asset holders what the situation is.

What worry me the most is the Nxt community fund that Dom p is in possession...

How much?

Can't remember, I know Damelon know how much.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on March 11, 2015, 08:46:20 pm
I've had high hopes for this asset.  :(

But now I think, as soon as Dom establish a buy wall a "bank run" will occur! The buy wall will be eaten in minutes and it will not be sufficient for all the investors who want to minimize their risk.

Dom, you must post here very soon with some "real numbers" to put oil on troubled waters. No news are bad news for the investors!

Don't let this asset die!

I don't think it works like this. Pretty sure there is 100% coverage so no one will be out of pocket. But yes, a run is inevitable without a lot more information.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 11, 2015, 10:59:47 pm
I've had high hopes for this asset.  :(

But now I think, as soon as Dom establish a buy wall a "bank run" will occur! The buy wall will be eaten in minutes and it will not be sufficient for all the investors who want to minimize their risk.

Dom, you must post here very soon with some "real numbers" to put oil on troubled waters. No news are bad news for the investors!

Don't let this asset die!

I don't think it works like this. Pretty sure there is 100% coverage so no one will be out of pocket. But yes, a run is inevitable without a lot more information.

100% would be fine, but I doubt it. I once paid 92 € per CCS when they came out and the last price at CCEDK was under 70. Maybe they went all-in in BTC now and want to recover with the bitcoin rise, who knows.

I hope it has nothing to do with the CCEDK hack several weeks ago. This exchange lost a lot of nubits and btc: https://discuss.nubits.com/t/ccedk-withdrawals-impaired/1601 (https://discuss.nubits.com/t/ccedk-withdrawals-impaired/1601)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 13, 2015, 07:53:17 am
And another day went by without any statement from Dom or his company!  >:(

Buywall at AE: n/a
Buywall at CCEDK: n/a


This is getting really serious! Dom, do something about it!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: th4o on March 13, 2015, 08:55:21 am
He didn't even visit this forum the last four days...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 14, 2015, 07:34:28 am
No news.

It's getting more serious with each passing day.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on March 14, 2015, 09:15:48 pm
This is smelling like trouble. I hope for him and his crew that he get's back here before I get to him in CH.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 15, 2015, 10:52:24 am
Accounting manually done.
Sorry, really sorry for the hassle.

The buy wall is back, and should cover all pending and coming orders.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 15, 2015, 11:26:27 am
Accounting manually done.
Sorry, really sorry for the hassle.

The buy wall is back, and should cover all pending and coming orders.

Good news so far.

5262 NXT per CCS? Really? I want to see the numbers behind this price! Reporting must be done ASAP.

If I sell back now I would suffer a 27% loss against fiat. I wish I had kept those bitcoins....  :-\
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on March 15, 2015, 12:10:31 pm
Accounting manually done.
Sorry, really sorry for the hassle.

The buy wall is back, and should cover all pending and coming orders.

Good news so far.

5262 NXT per CCS? Really? I want to see the numbers behind this price! Reporting must be done ASAP.

If I sell back now I would suffer a 27% loss against fiat. I wish I had kept those bitcoins....  :-\

Bought at 7'149. What a let down  :o
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on March 15, 2015, 02:46:25 pm
Until a couple of days ago there was a sell wall at 6600. Buywall is usually ~10% lower. I'm guessing that the fund has been neglected for a while and the trades required to pre-empt the market's movements weren't made. It is disappointing.
I've sold mine, taking the hit.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 15, 2015, 03:19:09 pm
Until a couple of days ago there was a sell wall at 6600. Buywall is usually ~10% lower. I'm guessing that the fund has been neglected for a while and the trades required to pre-empt the market's movements weren't made. It is disappointing.
I've sold mine, taking the hit.

My guess is also that bad fund management is the reason for the low-priced buy wall, but I wait for the fund report before I draw my conclusions.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: th4o on March 15, 2015, 06:30:29 pm
Accounting manually done.
Sorry, really sorry for the hassle.

The buy wall is back, and should cover all pending and coming orders.

Good news so far.

5262 NXT per CCS? Really? I want to see the numbers behind this price! Reporting must be done ASAP.

If I sell back now I would suffer a 27% loss against fiat. I wish I had kept those bitcoins....  :-\

Bought at 7'149. What a let down  :o

Same here.

I feel kinda scammed. No buywall when nxt was cheap the last weeks and now a ridiculous low buy back.

This was promoted with regular price updates and a permanent buywall, but all you achieved for now is burning your customers money >:(
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on March 15, 2015, 11:38:06 pm
Agree. Nobody beliefs this.

30% appreciation in bitcoin and nxt too during last weeks; in january Cryptocoins was around 7000 nxt it's totally impossible that it's value today its around 5250 nxt/share.

Too bad to see how a well known community member like you is taking other community members' money away; and not even being honest about this.
You don't have the money, or maybe you desperately need the money and you are only taking back to us around 60% of the funds you took.

Don't need to put a word to that because we all have it in mind.
 
Hope not to see you again around this comunity.

Hope too you can forgive yourself about taking others' people money in such a miserable way.


 
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 16, 2015, 07:50:06 am
This buy wall is a joke!  >:(

I see some investors selling already, but I will not sell for this price until I haven't seen all the numbers!

@DoM P: we need fund reports for january/february/march ASAP! I want to know exactly what trades you did and where the money went.

This drama isn't over yet!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: jeezy on March 16, 2015, 08:43:54 am
(http://i.imgur.com/GDNyuPn.gif)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: himmelsfaller2 on March 16, 2015, 07:48:57 pm
this is getting superfunny. I bought 10 for 6681, now went out for 5262
66810-52620, thanks for taking 14190 Nxt.
I think it was foolish from me to trust you and to step in......the craziest thing
is that I make actually profit while mining qubit with graphic cards.
So R.I.P. Cryptocoins and maybe you should first solve your private situation
and build a reliable basic and work situation in which you can handle crisis, before stepping in as a hedge fund manager.
I'll survive it.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Neomadra on March 17, 2015, 12:44:14 am
Well, this is really sad. Fortunately I got out earlier but also with big losses.
Cryptocoins was very promising because it seemed to be serious and real. But I was getting worried after some time. On the website you can find profiles of 8 employess: http://cfa-consulting.ch/en/about-us
What have they done in the last months? And why have we never heard of any of them neither on this forum or on other platforms?

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 17, 2015, 08:16:44 am
Guys, I need to say a few things :

1. CryptoCoins has been managed and is still being managed by a professional trader and at no point during this process has it been left alone. The only thing that suffered was communication and the presence of buy walls, due to both technical and personal problems on my side.
2. CryptoCoins was announced from the start to be a hedge fund bitcoin / euro. The fact that it is being exchanged on the AE doesn't make it a Nxt hedge fund. This means its value must be checked against Bitcoin and Euro, not against Nxt. If Nxt rises, the share's price drops in terms of Nxt. It's mathematical. If bitcoin rises and we've managed the fund well, then the share's price in terms of euros rises. If we are not invested in bitcoins when it rises, then the price stalls in terms of euros and drops in terms of bitcoins. And vice versa.
3. In the CryptoCoins documentation, it is said this fund has an investment horizon of at least one year, preferentially two. This is true for most funds. Funds are not created to be traded like stocks. Investors step in one day, see the price alternatively rise and fall, and, months and years later, step out, hopefully with profit. Expecting a fund to be necessarily profitable after 2-3 months is nonsense.
4. People may want to check that, although we underperformed bitcoin in February, we outperformed it in December and January, and leveled with it in March. All in all, someone who bought CryptoCoins the day of the launch and kept it through has more or less the same value in terms of euros than if he had bought Bitcoins.
5. Since it is my responsibility to have failed at communicating, I will offer a recovery plan for those who scared away at 500 Nxt a share. This will be done on my own money and not from the fund, naturally. I will contact them, but I need to do some more accounting first.
6. I saw people were questioning our investments and suspecting scam. Please do not jump to conclusions. It was asked to see what was done in terms of trades, and I find the request acceptable, but the details have to be worked out, because, naturally, I cannot give direct access to our accounts to anyone outside the fund.
7. People might want to realize that this fund is managed with the same quality for all investors, and that the number one investor, with over 90% of the cash, is... me. So if anyone gets scammed, I'll be first. As a matter of fact, I even sent 1M Nxt straight from my account to the fund's so have have Nxt liquidity.
8. I am still working out many problems I have, and that is why I am not spending much time communicating. But my partner still trades for the fund on a daily basis.


Again, I apologize for the lack of communication and I am working hard to straighten out the situation.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on March 17, 2015, 10:04:29 am
Guys, I need to say a few things :

1. CryptoCoins has been managed and is still being managed by a professional trader and at no point during this process has it been left alone. The only thing that suffered was communication and the presence of buy walls, due to both technical and personal problems on my side.
2. CryptoCoins was announced from the start to be a hedge fund bitcoin / euro. The fact that it is being exchanged on the AE doesn't make it a Nxt hedge fund. This means its value must be checked against Bitcoin and Euro, not against Nxt. If Nxt rises, the share's price drops in terms of Nxt. It's mathematical. If bitcoin rises and we've managed the fund well, then the share's price in terms of euros rises. If we are not invested in bitcoins when it rises, then the price stalls in terms of euros and drops in terms of bitcoins. And vice versa.
3. In the CryptoCoins documentation, it is said this fund has an investment horizon of at least one year, preferentially two. This is true for most funds. Funds are not created to be traded like stocks. Investors step in one day, see the price alternatively rise and fall, and, months and years later, step out, hopefully with profit. Expecting a fund to be necessarily profitable after 2-3 months is nonsense.
4. People may want to check that, although we underperformed bitcoin in February, we outperformed it in December and January, and leveled with it in March. All in all, someone who bought CryptoCoins the day of the launch and kept it through has more or less the same value in terms of euros than if he had bought Bitcoins.
5. Since it is my responsibility to have failed at communicating, I will offer a recovery plan for those who scared away at 500 Nxt a share. This will be done on my own money and not from the fund, naturally. I will contact them, but I need to do some more accounting first.
6. I saw people were questioning our investments and suspecting scam. Please do not jump to conclusions. It was asked to see what was done in terms of trades, and I find the request acceptable, but the details have to be worked out, because, naturally, I cannot give direct access to our accounts to anyone outside the fund.
7. People might want to realize that this fund is managed with the same quality for all investors, and that the number one investor, with over 90% of the cash, is... me. So if anyone gets scammed, I'll be first. As a matter of fact, I even sent 1M Nxt straight from my account to the fund's so have have Nxt liquidity.
8. I am still working out many problems I have, and that is why I am not spending much time communicating. But my partner still trades for the fund on a daily basis.


Again, I apologize for the lack of communication and I am working hard to straighten out the situation.

Bought for a friend from AccNr: NXT-JELL-LWTA-E27H-439UT, 14 Shares at 7'149
For myself, AccNr. NXT-2V7G-C8BY-KTYY-CAHNU, 10 Shares at 7'149

Now obviously am scared away and hit by a very big loss.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 17, 2015, 11:15:58 am
Bought for a friend from AccNr: NXT-JELL-LWTA-E27H-439UT, 14 Shares at 7'149
For myself, AccNr. NXT-2V7G-C8BY-KTYY-CAHNU, 10 Shares at 7'149

Now obviously am scared away and hit by a very big loss.
I didn't say this fund has become a guarantied win with the risk paid from my pocket.
I said I'd work something out for people who sacred away at 500 because of my lack of communication.


On the 17th of December, when 14 shares were bought at that price, Nxt was worth $0.014893, bitcoin $323.74, the euro $1.2336.
This means that you bought 14 * 7149 (Nxt) * ($) 0.014893 * ($) 1.2336 =  1838,78€ worth of CCs.
For that price, you could have bought 1838,78 (€) / ($) 1.2336 / ($) 323.74 = 4,60 btc.

Now, Nxt is worth $0.013009, bitcoin $290.58, the euro $1.0495
Selling at 5262 Nxt per share, you got 14 * 5262 * ($) 0.013009 * ($) 1.0495 = 1005,78€
For that price, you could now buy 1005,78 (€) / ($) 1.0495 / ($) 290.58 = 3.3 btc

Knowing that there were 1% entry fees and 5% exit fees, that makes a net loss of 22%, most of it due to a bad move on the 26th of January.

I understand that I lost your trust, but I just can't repay every little bit you, as an investor, lose because of fluctuations of the market.
If you wish, I can resell these shares at no cost and give you the opportunity to stay with the fund, though I do understand that this offer won't suit you.
But, as an investor, you must be prepared to the risk of fluctuations, that's part of the deal, and that was specifically stressed out in the funds documentation, right from the start.

I am trying to give anyone involved an honest solution, but that specific subject is part from the normal risk.
People who sold off at 500 will recover from that loss, which, on the contrary, was due to me not communicating, and not to normal market fluctuations.

I hope you understand.




Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on March 17, 2015, 11:29:23 am
Thank you for your update. I’m in Nxt for the long term, but sold my CCF at the lower price simply because I was extremely concerned about the ongoing lack of communication and was not convinced you’d be coming back or maintaining the fund in the medium term.

With that in mind, there’s a broader question here about whether you intend to stay around in Nxt and what kind of involvement your personal circumstances allow, and what mechanisms you have in place if the situation continues. Some clarity around that (including your role as treasurer for CFC) would be helpful.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: boomabc on March 17, 2015, 12:39:49 pm
Do not under stand his logic.
Guys, I need to say a few things :

1. CryptoCoins has been managed and is still being managed by a professional trader and at no point during this process has it been left alone. The only thing that suffered was communication and the presence of buy walls, due to both technical and personal problems on my side.

He has not understood that communication is one of the most important things. There has been so much fraud everywhere. All investments at AE are more or less based on trust. Missing buy walls not a big thing? Come on.

Quote
2. CryptoCoins was announced from the start to be a hedge fund bitcoin / euro. The fact that it is being exchanged on the AE doesn't make it a Nxt hedge fund. This means its value must be checked against Bitcoin and Euro, not against Nxt. If Nxt rises, the share's price drops in terms of Nxt. It's mathematical. If bitcoin rises and we've managed the fund well, then the share's price in terms of euros rises. If we are not invested in bitcoins when it rises, then the price stalls in terms of euros and drops in terms of bitcoins. And vice versa.

Oh I understand  funds were managed bad as history shows that NTX is down BTC/EUR is up.

Quote
3. In the CryptoCoins documentation, it is said this fund has an investment horizon of at least one year, preferentially two. This is true for most funds. Funds are not created to be traded like stocks. Investors step in one day, see the price alternatively rise and fall, and, months and years later, step out, hopefully with profit. Expecting a fund to be necessarily profitable after 2-3 months is nonsense.

Only true for bad performing funds heard this so much as an excuse, but why should they perform better in the future?
 
Quote
Funds are not created to be traded like stocks. Investors step in one day, see the price alternatively rise and fall, and, months and years later, step out, hopefully with profit. Expecting a fund to be necessarily profitable after 2-3 months is nonsense.

In general maybe or maybe not.
Look at ETF´s they are designed to be traded like a stock. Fixed income funds are immediately profitable. If would not expect that a fund price would rise in the short term I would simply wait to buy. Do not understand this logic.

Get bored to write more....
Rating for this fund JUNK!

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 17, 2015, 01:35:27 pm
Thanks for the (much needed) update, DoM P!

4. People may want to check that, although we underperformed bitcoin in February, we outperformed it in December and January, and leveled with it in March. All in all, someone who bought CryptoCoins the day of the launch and kept it through has more or less the same value in terms of euros than if he had bought Bitcoins.

How could the investors know that? Last reporting was done in December last year, so you kept your clients in the dark about the fund performance.

IMHO the future of this fund depends on re-establishing the missing transparency. Reporting must be done ASAP!

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on March 17, 2015, 01:41:04 pm
We had high hopes on you. Get yourself together and write at least an apology letter. Hard earned money you burned here
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: th4o on March 17, 2015, 04:00:11 pm
The only thing that suffered was communication and the presence of buy walls, due to both technical and personal problems on my side.

And just because of this people certainly lost money. I would have sold back in February when the bitcoin was at ~220-240$ but I was unable to, because of your lack of a buywall. There wasn´t any other buyers, because you´ve been absent and nobody did know whats going on.

I´m curious about your solution to this.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Ludom on March 17, 2015, 06:11:03 pm
DomP made a mistake in communication and you don't trust him any more ? Ok don't invest any more in Cryptocoins.

Investment is a risk. You can't win every time. DomP is not a scamer, he don't run away and he try to do the best. If his best is not enough for you, run away. It's normal

Personaly, I don't invest in Cryptocoins more as I could. I know that the project is not easy. And Cryptocoins is not his single project.
With the actual performance, I don't want to invest more in Cryptocoins. I'll see and I'm waiting on results for the moment.

I know the real identity of DomP, and if needed I can reveal it if the Police asks me. But don't worry, he don't run away.

I'm not happy of the result of Cryptocoins BUT I want to defend DomP. The cryptopeople want every thing quickly. The real world is not a "quick rich" schema : we are fucking building a new world. Projects take time. The people who make things can make errors, the only ones who make no mistakes are who make nothing.
We are learning from our errors and our success.

@DomP and the people of cfa consulting : Continue hard working. It's important for the Nxt ecosystem. You made mistakes but it's ok for the moment. Our trust is lower but it's normal. I prefer to support people who admit errors than arrogant people.

Patience and hard working are, with prudence, the master words to build the Nxt economy.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: blackyblack1 on March 17, 2015, 06:36:22 pm
I personally trust Dom P too. It was me who but a buy wall at 500. I was confident in Dom P and I won from this deal. I agree that asset issuer breached the contract (no monthly reports given, no buywall) so it is better to restart the fund with new team and compensations to early investors or close it completely.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 17, 2015, 07:15:53 pm
Thank you for your update. I’m in Nxt for the long term, but sold my CCF at the lower price simply because I was extremely concerned about the ongoing lack of communication and was not convinced you’d be coming back or maintaining the fund in the medium term.

With that in mind, there’s a broader question here about whether you intend to stay around in Nxt and what kind of involvement your personal circumstances allow, and what mechanisms you have in place if the situation continues. Some clarity around that (including your role as treasurer for CFC) would be helpful.

Hello Cassius,
As I stated earlier in my Mea Culpa post, I've had to face a really bad series of difficult events, most of which had nothing to do with Cryptos or the fund whatsoever. But there are only 24 hours per day, and there's so much I could fit in. That's the reason for my absence, if not the excuse.
So, to answer your questions:

1. The fund will continue to exist, and is still being managed by my partner. This means that investments have been and will still be done. We need to talk about how to get around the single point of failure that I so obviously became. It's hard, because we're a small startup and don't have the money to hire a second DoM P...

2. I am still in Nxt. I invested about half of my savings in Nxt because I believe in this, and that hasn't changed a bit.

3. About the treasurer role, I must say I offered Dave to abandon the role if trust was lost, and, for now, he declined. I still need to get around to make that proposition officially, though. This said, I did have communication problems, but I would still rather die that steal money from the community (and this is no exaggeration). So it it safe with me, just as it has always been.

4. I hope my series of problems is coming to an end, though I do not dare hoping this too loudly... My mother is still slowly dying 1500 km from me, I am still out of a job, and my wife broke her sacrum and can barely move for at least one month. Those are the last 3 personal problems I need to cope with, so I think I'll get around to reprogram the accounting file to fit the new situation. I'll be helping my mother out for a week starting tomorrow, but that shouldn't stop me from connecting.

I hope this answers your questions. Please say so if they don't.

How could the investors know that? Last reporting was done in December last year, so you kept your clients in the dark about the fund performance.

IMHO the future of this fund depends on re-establishing the missing transparency. Reporting must be done ASAP!

You are right. I will work on that asap.

We had high hopes on you. Get yourself together and write at least an apology letter. Hard earned money you burned here
I apologize again.
You can find this letter here :
https://nxtforum.org/asset-exchange-general/cryptocoins-the-first-crypto-hedge-fund-bridging-euro-and-asset-exchange/msg165878/#msg165878

And just because of this people certainly lost money. I would have sold back in February when the bitcoin was at ~220-240$ but I was unable to, because of your lack of a buywall. There wasn´t any other buyers, because you´ve been absent and nobody did know whats going on.

I´m curious about your solution to this.

The only solution I can think of as of now is to make the fund rise again.
For this, we have recently added new tools thanks to Bitfinex, where we can short with large enough volumes, even when bitcoin falls.
This is actually one of the technical problems I am facing with the accounting, because I don't know how to incorporate these positions into our file. My problem, not yours. But that's why it's taking time.

DomP made a mistake in communication and you don't trust him any more ? Ok don't invest any more in Cryptocoins.

Investment is a risk. You can't win every time. DomP is not a scamer, he don't run away and he try to do the best. If his best is not enough for you, run away. It's normal

Personaly, I don't invest in Cryptocoins more as I could. I know that the project is not easy. And Cryptocoins is not his single project.
With the actual performance, I don't want to invest more in Cryptocoins. I'll see and I'm waiting on results for the moment.

I know the real identity of DomP, and if needed I can reveal it if the Police asks me. But don't worry, he don't run away.

I'm not happy of the result of Cryptocoins BUT I want to defend DomP. The cryptopeople want every thing quickly. The real world is not a "quick rich" schema : we are fucking building a new world. Projects take time. The people who make things can make errors, the only ones who make no mistakes are who make nothing.
We are learning from our errors and our success.

@DomP and the people of cfa consulting : Continue hard working. It's important for the Nxt ecosystem. You made mistakes but it's ok for the moment. Our trust is lower but it's normal. I prefer to support people who admit errors than arrogant people.

Patience and hard working are, with prudence, the master words to build the Nxt economy.

Thanks a lot, Ludom. This was a much appreciated post and helps my morale. As you know, I worked my ass off for Nxt and to build side projects that could actually create value and this trap I fell in did hurt a lot, especially since I had been building trust because I knew it was so important in this world.
That's why, by the way, you wouldn't need to give my name to the police: I never hid it. It's right under my picture, on our web site and on the fund's documentation.
I wouldn't be very hard to find...

I personally trust Dom P too. It was me who but a buy wall at 500. I was confident in Dom P and I won from this deal. I agree that asset issuer breached the contract (no monthly reports given, no buywall) so it is better to restart the fund with new team and compensations to early investors or close it completely.
The fund cannot be restarted by another team. there are not that many experts in trading that know how the AE work. So CryptoCoins will go on, if only with the money we putin ourselves. If people lost trust, which I understand, they can go to other funds like jl777hodl, for example, though it is clearly not the same system.


Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on March 18, 2015, 12:49:05 pm
Thanks Dom.
To clarify, the issue for me is not your integrity, it's the single point of failure argument.
Possibly one way to address this for CCF would be to ensure there is always a buywall/sellwall in place - i.e. you keep them up until you are ready to update them. That way, the risk is shifted onto you as well as holders. If the market moves, it's up to you to change the walls if you don't want to end up out of pocket. It may not be that simple in practice, but perhaps some variation on this.
Anyway, I wish you the best with your family and look forward to seeing you round here again.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 19, 2015, 06:57:20 am
Thanks Dom.
To clarify, the issue for me is not your integrity, it's the single point of failure argument.
Possibly one way to address this for CCF would be to ensure there is always a buywall/sellwall in place - i.e. you keep them up until you are ready to update them. That way, the risk is shifted onto you as well as holders. If the market moves, it's up to you to change the walls if you don't want to end up out of pocket. It may not be that simple in practice, but perhaps some variation on this.
Anyway, I wish you the best with your family and look forward to seeing you round here again.
I agree about the SPOF. But the solution you offer would not cost me as a fund manager. If there are buy orders at the wrong price, since it's the fund's money that is used to buy, the fund's investors would be paying for that, too.
I need to make sure there's no SPOF. I can do that my automation.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: kimmel on March 20, 2015, 11:50:38 am

A great men doesn't make a great business.

I'm out and wish you the best.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 21, 2015, 05:35:31 pm
Buy wall still not eaten up completely and someone has even put a small bid order above your's. IMHO that's a good sign!

Still waiting for the fund report...  :(
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: wize_prime on March 22, 2015, 09:40:56 am
Definitely could be a noob question, but for people who sold and didn't receive dividends... is that a pebble in the ocean now or...?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: DoM P on March 22, 2015, 10:40:54 am
Still waiting for the fund report...  :(
Will be working on it next week.

Definitely could be a noob question, but for people who sold and didn't receive dividends... is that a pebble in the ocean now or...?
There has never been any dividend payment program with CryptoCoins. It's a hedge fund that pays holders with its value, hopefully rising.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: wize_prime on March 22, 2015, 10:58:23 am
My apologies. Hope everything is doing better on your end. Sucks how things turn out at the wrong time but, I completely understand. I just had neck surgery from an accident that had me basically crippled for months, and TONS of things happened during that time period so I do stand alongside you, I just wish things went a bit different because I had very high hopes for this fund. Losing money is something that comes and goes but, I think the trust aspect of this is what has people really soiled. Best of luck to you and hope everything turns around.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 31, 2015, 09:21:58 am
Still waiting for the fund report...  :(
Will be working on it next week.

Bump
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: duluth on April 10, 2015, 12:41:40 pm
Still waiting for the fund report... 
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: whale on April 11, 2015, 06:23:09 am
Still waiting for the fund report...

I can't believe DoM P still has mod status. Without the report, this looks like fraud. Also why is there still a sell wall when this asset is dead?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: zuqka on April 11, 2015, 09:14:52 am
Run while you can. That's what I did
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Nippybrit on April 11, 2015, 09:55:57 am
Still waiting on some communication!
I don't plan to sell what I put in yet, but that report would be nice.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: duluth on April 29, 2015, 12:08:03 pm
Quote
Edit: I see the subject of auditing has been brought up, but I can't see why it would cost 5 or 6 figures. Why not have a community member do it? Like how Damelon has audited some of the securities around here? It actually sounds exactly like the kind of thing NXTinspect or KNS should be doing. Why not contact NXTinspect about doing this?
Because -no pun intended, really- we are far more professional than they are.

How ironic is this statement today... Is there still a chance to have an accurate report and the corresponding buy wall?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: jeezy on April 30, 2015, 08:29:31 am
He hasn't been online for nearly a month, no report, nothing. Still has mod status?

Can we safely assume he took the money and ran?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on April 30, 2015, 10:05:36 am
Inb4 personal problems again....
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Bloke on April 30, 2015, 10:17:06 am
Quote
Edit: I see the subject of auditing has been brought up, but I can't see why it would cost 5 or 6 figures. Why not have a community member do it? Like how Damelon has audited some of the securities around here? It actually sounds exactly like the kind of thing NXTinspect or KNS should be doing. Why not contact NXTinspect about doing this?
Because -no pun intended, really- we are far more professional than they are.

How ironic is this statement today... Is there still a chance to have an accurate report and the corresponding buy wall?

I met Dom in London last year. Whats ironic is when he said to me Lee Grant "cant be trusted", just before Lee's asset imploded. Go figure!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Nippybrit on May 06, 2015, 11:00:48 am
So, has the value of the fund dropped over all? With NXT being relatively cheap these days, if anything the value of the cryptocoins asset in NXT terms should rise.

If you've had losses, I think everyone would appreciate that you mention that, if not, I think a buy order at the correct valuation is in order.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: duluth on May 20, 2015, 07:07:33 am
Well, I'm tired of waiting for news... I sold my last Cryptocoin in the buy wall.

Now that it's done, normally Dom P should reappear in no time saying : I got my shit together, I'm back in business, buy wall is set to 10'000 nxt!  :o

Let's see if logic is respected here...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: jeezy on May 20, 2015, 11:06:14 am
He hasn't been active for a long time. Nothing got sorted yet. Be careful.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on May 21, 2015, 03:25:35 pm
Still waiting for the fund report...  :(
Will be working on it next week.

Bump
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on July 02, 2015, 09:59:30 am
Still waiting for the fund report...  :(
Will be working on it next week.

Bump

Bump
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on August 28, 2015, 03:15:14 pm
Still waiting for the fund report...  :(
Will be working on it next week.

Bump

Bump

Bump
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Sebastien256 on August 28, 2015, 03:24:22 pm
Is DomP still in possesion of a part of the Nxt community funds?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on August 28, 2015, 05:04:18 pm
Is DomP still in possesion of a part of the Nxt community funds?

No. They were (after many months and requests) returned in full.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on August 28, 2015, 05:53:15 pm
Bad news. Their website http://cfa-consulting.ch (http://cfa-consulting.ch) isn't reachable anymore. Maybe they've pulled the plug!

On the asset holders list here https://nxtportal.org/assets/615502203617265072 (https://nxtportal.org/assets/615502203617265072)
I see some really big investors (much bigger than me). I can't believe that they all are sitting tight for months now and don't care for their money!  ???
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Ludom on August 29, 2015, 02:00:58 pm
Somebody by MP asks me to take contact with DomP.

I phone to DomP. He is alive but his personal situation is really difficult: professionally and privately. Right now he has no energy anymore for nothing (depression, burn out or something like that). Bad time for him.

He says to me that he wants to come back, but he don't know. Some personal situations are actually very difficult and he waits that the situation change.

So, cryptocoins is actually a risky investment, but it's not a scam and, normally, it'll be active some days.

That what I can say.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on August 29, 2015, 04:48:15 pm
Somebody by MP asks me to take contact with DomP.

I phone to DomP. He is alive but his personal situation is really difficult: professionally and privately. Right now he has no energy anymore for nothing (depression, burn out or something like that). Bad time for him.

He says to me that he wants to come back, but he don't know. Some personal situations are actually very difficult and he waits that the situation change.

So, cryptocoins is actually a risky investment, but it's not a scam and, normally, it'll be active some days.

That what I can say.

Thanks for calling him, Ludom! I understand his situation and feel very sorry for him, but it's not the answer I've expected. AFAIR he is the one who does the communication and "the CryptoCoin fund is managed by a professional expert". So the question arises, who is managing the fund now, if CFA Consulting has ceased its activities? Has he told you something about this? Maybe it's something trivial that the website is not active anymore, like a provider change or they've simply forgotten to extend the domain name.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: 2Kool4Skewl on August 29, 2015, 06:09:21 pm
So the question arises, who is managing the fund now, if CFA Consulting has ceased its activities?

(http://s14.postimg.org/5hldimb33/Monkey_trader.jpg)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on August 30, 2015, 07:07:12 am
So the question arises, who is managing the fund now, if CFA Consulting has ceased its activities?

(http://s14.postimg.org/5hldimb33/Monkey_trader.jpg)

Funny, but the laughter sticks in my throat.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on August 30, 2015, 09:39:24 am
Does anyone know who still holds this, how many, etc?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on August 30, 2015, 12:22:45 pm
Does anyone know who still holds this, how many, etc?

I've sent the top ten asset holders a message over the blockchain, to make them aware of this thread.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: 2Kool4Skewl on August 30, 2015, 07:13:21 pm
So the question arises, who is managing the fund now, if CFA Consulting has ceased its activities?

(http://s14.postimg.org/5hldimb33/Monkey_trader.jpg)

Funny, but the laughter sticks in my throat.

Sorry bro.  I guess this is a lesson that if anyone tells you they are a "professional" and wants to "manage" your money to run screaming in the other direction.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on August 30, 2015, 07:51:30 pm
Does anyone know who still holds this, how many, etc?

I've sent the top ten asset holders a message over the blockchain, to make them aware of this thread.

Thanks.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: EvilDave on August 31, 2015, 02:34:49 pm
Somebody by MP asks me to take contact with DomP.

I phone to DomP. He is alive but his personal situation is really difficult: professionally and privately. Right now he has no energy anymore for nothing (depression, burn out or something like that). Bad time for him.

He says to me that he wants to come back, but he don't know. Some personal situations are actually very difficult and he waits that the situation change.

So, cryptocoins is actually a risky investment, but it's not a scam and, normally, it'll be active some days.

That what I can say.

Thanks for calling him, Ludom! I understand his situation and feel very sorry for him, but it's not the answer I've expected. AFAIR he is the one who does the communication and "the CryptoCoin fund is managed by a professional expert". So the question arises, who is managing the fund now, if CFA Consulting has ceased its activities? Has he told you something about this? Maybe it's something trivial that the website is not active anymore, like a provider change or they've simply forgotten to extend the domain name.

I've also spoken to Dom P recently, (mostly in connection with getting the CFC funds back that he held as treasurer), and I can confirm Ludoms estimation of Dom P's situation. The guy has had a lot of very difficult stuff to deal with recently.
My advice would be to simply hodl and give Dom P some more time to get his shit together, but I can understand peoples impatience with the situation.

If it helps, Dom P has reassured me that all of the CryptoCoins portfolio is intact, and he does want to get CFA active again.
 
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on August 31, 2015, 07:33:36 pm
@EvilDave if you are honest you would agree that the way to go would be that he returns ALL funds he holds/manage for others. THEN, and only then start to get his own shit together...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: KarlKarlsson on August 31, 2015, 07:50:11 pm

@EvilDave if you are honest you would agree that the way to go would be that he returns ALL funds he holds/manage for others. THEN, and only then start to get his own shit together...
A burnout is serious. As soon as you want to start, you lose the motivation immediatly again. Sure it's about money, however I trust that Dom returns the funds. Be careful in choosing your words...
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: EvilDave on August 31, 2015, 08:23:37 pm

@EvilDave if you are honest you would agree that the way to go would be that he returns ALL funds he holds/manage for others. THEN, and only then start to get his own shit together...
A burnout is serious. As soon as you want to start, you lose the motivation immediatly again. Sure it's about money, however I trust that Dom returns the funds. Be careful in choosing your words...

@Twin: it's a tough call to make. It took me a long time to organise one NXT transfer with him, so asking him to liquidate the various currencies in the CC funds and pay out all asset holders....it's a lot to ask, and still won't fully recompense everyone, given the general losses in crypto lately.
I do have a lot of sympathy for Dom: I've had a completely fucking horrible 2015, full of death, stress and health issues, but what has happened to Dom makes my year look like a walk in the park.
Look at it this way: he's had more than enough opportunity (and financial pressure) to 'Break Bad' , and yet he didn't liquidate the CFC funds he was holding for us. Given the same situation......I don't know if I'd have kept faith so well. This probably means that the CC funds are relatively secure, though I have no insight into that, apart from what Dom P has told me.

I think that we should give him some more time, and also find out what the CC asset holders would like to happen.

My ideal solution would be to see Dom P (and CFA) back in action as an active player, but I don't think that that will happen in the short term, so I advise that we just wait it out some more. 



 
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on September 01, 2015, 06:21:15 am

@EvilDave if you are honest you would agree that the way to go would be that he returns ALL funds he holds/manage for others. THEN, and only then start to get his own shit together...
A burnout is serious. As soon as you want to start, you lose the motivation immediatly again. Sure it's about money, however I trust that Dom returns the funds. Be careful in choosing your words...

@Twin: it's a tough call to make. It took me a long time to organise one NXT transfer with him, so asking him to liquidate the various currencies in the CC funds and pay out all asset holders....it's a lot to ask, and still won't fully recompense everyone, given the general losses in crypto lately.
I do have a lot of sympathy for Dom: I've had a completely fucking horrible 2015, full of death, stress and health issues, but what has happened to Dom makes my year look like a walk in the park.
Look at it this way: he's had more than enough opportunity (and financial pressure) to 'Break Bad' , and yet he didn't liquidate the CFC funds he was holding for us. Given the same situation......I don't know if I'd have kept faith so well. This probably means that the CC funds are relatively secure, though I have no insight into that, apart from what Dom P has told me.

I think that we should give him some more time, and also find out what the CC asset holders would like to happen.

My ideal solution would be to see Dom P (and CFA) back in action as an active player, but I don't think that that will happen in the short term, so I advise that we just wait it out some more.

I agree, the only way seems to hodl this asset a little longer. But I'm still curious which role his company CFA Consulting plays in this. It's ridicoulus that his colleagues left him alone when he had such problems. I know several employees of cfa by their real names from their publications. I'll try to reach them and call on them to shoulder responsibility.

BTW asset's buy wall is gone.  :(
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on September 01, 2015, 10:17:56 am

@EvilDave if you are honest you would agree that the way to go would be that he returns ALL funds he holds/manage for others. THEN, and only then start to get his own shit together...
A burnout is serious. As soon as you want to start, you lose the motivation immediatly again. Sure it's about money, however I trust that Dom returns the funds. Be careful in choosing your words...

@KarlKarlson @EvilDave, The thing I said is exactly because I know very well the effects of such a breakdown. The way our mind works is, that if we have unfinished "business" it will weigh heavily on us. Just cutting cords with an issue that is stressing such a person can immensly help with the stress. And the argument about being under water: Well, shit happens, but relying on a person not able to communicate to then "win" back the losses... is.. well....
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 03, 2016, 11:17:36 am
My advice would be to simply hodl and give Dom P some more time to get his shit together, but I can understand peoples impatience with the situation.

If it helps, Dom P has reassured me that all of the CryptoCoins portfolio is intact, and he does want to get CFA active again.

Six months later...  ::)

I'm losing my patience with this. Can somebody contact DomP, please! He has to straighten this out and explain if and when he will release the funds.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 05, 2016, 07:52:42 am
Bump
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: jeezy on March 07, 2016, 09:06:49 am
Nothing to bump. He's gone and so is the money. ::)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 07, 2016, 09:39:30 am
Nothing to bump. He's gone and so is the money. ::)

I doubt that. DomP is a swiss citizen, so are all CFA colleagues of him. I don't think they want to risk getting accused of scam or theft.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on March 09, 2016, 06:44:55 am
My advice would be to simply hodl and give Dom P some more time to get his shit together, but I can understand peoples impatience with the situation.

If it helps, Dom P has reassured me that all of the CryptoCoins portfolio is intact, and he does want to get CFA active again.

Six months later...  ::)

I'm losing my patience with this. Can somebody contact DomP, please! He has to straighten this out and explain if and when he will release the funds.

@EvilDave could you please try to contact him again? Thanks!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 01, 2016, 09:57:57 pm
Guys, just a quick info what will happen here in the next days:

I've tried to contact DoM P by email since march about the asset situation and he sent me one mail back but without any offer to help with the payout of the CryptoCoin shares. Since then I've sent several more emails and included some of his colleagues from CFA Consulting as CC but without any reaction.

I've set a deadline for a quiet and cilized solution, but this deadline is now passed without any reaction from DoM P or his former colleagues. So the next logical step is to gather shareholders of this asset and discuss which actions to take to recover our funds.

If you are a CryptoCoin shareholder please raise your voice now.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: EvilDave on June 02, 2016, 12:32:20 am
My advice would be to simply hodl and give Dom P some more time to get his shit together, but I can understand peoples impatience with the situation.

If it helps, Dom P has reassured me that all of the CryptoCoins portfolio is intact, and he does want to get CFA active again.

Six months later...  ::)

I'm losing my patience with this. Can somebody contact DomP, please! He has to straighten this out and explain if and when he will release the funds.

@EvilDave could you please try to contact him again? Thanks!

Sorry....missed that up until now. I can try getting hold of Dom P in the next couple of days, and see how things are with him and the funds.
Whatever happens with that, it's still a good idea for CC holders to figure out a plan for recovery of the funds.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 03, 2016, 08:36:10 am
My advice would be to simply hodl and give Dom P some more time to get his shit together, but I can understand peoples impatience with the situation.

If it helps, Dom P has reassured me that all of the CryptoCoins portfolio is intact, and he does want to get CFA active again.

Six months later...  ::)

I'm losing my patience with this. Can somebody contact DomP, please! He has to straighten this out and explain if and when he will release the funds.

@EvilDave could you please try to contact him again? Thanks!

Sorry....missed that up until now. I can try getting hold of Dom P in the next couple of days, and see how things are with him and the funds.
Whatever happens with that, it's still a good idea for CC holders to figure out a plan for recovery of the funds.

Dave, thanks for giving us a helping hand her but I strongly believe that the time for talk with DoM P is over! I'm not even sure if he is still in charge of the complete CryptoCoin funds or one of his colleagues from CFA Consulting. I suggest that we get in contact with every one of them, maybe they don't even know what's looming here.

As far as I can tell from the "about" page of their own website (https://mega.nz/#!gE5GXS4I!uznPo1OUSft_l4H4ON-rd9dUk9vmxe-iIMqbXcaLDtQ), CFA Consulting had 8 employees:


If anybody knows the whereabouts of these people, please post your information here!
Especially their summonable addresses are needed!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Damelon on June 03, 2016, 09:46:45 am
In my role as admin of the forum I can only say: go for it.

Jean-Laurent was a mod on this forum and as such he had a position of special trust that he abused.

Frankly, I don't care about the reasons anymore.

Our communities are by design self-policing and I believe that users have the right to get their due via the legal channels.

It seems a good case for a class action by people who lost money on this venture.

Many people have waited and gotten no response. From my side, I will give any support and help you need.

I advise Jean-Laurent and his colleagues to take this extremely seriously.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 04, 2016, 06:24:04 am
In my role as admin of the forum I can only say: go for it.

Jean-Laurent was a mod on this forum and as such he had a position of special trust that he abused.

Frankly, I don't care about the reasons anymore.

Our communities are by design self-policing and I believe that users have the right to get their due via the legal channels.

It seems a good case for a class action by people who lost money on this venture.

Many people have waited and gotten no response. From my side, I will give any support and help you need.

I advise Jean-Laurent and his colleagues to take this extremely seriously.

Thanks for chiming in! Your help is highly appreciated!

I'm wondering why nobody else seems to care about it. I've sent a Nxt message with the link to this forum topic to every CryptoCoin shareholder who has at least 1.0 share of the asset. I've contacted Ronny Boesing from CCEDK by email because he once had CryptoCoin on his exchange, but he hasn't answered yet.

One good thing: I've found a complete CV of Yann Wahli with postal address, telephone and email. As the former CFO of this company he was directly responsible for financial affairs, so I've wrote him an email yesterday. I hope that he answers soon with some explanations!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: KarlKarlsson on June 04, 2016, 01:12:37 pm
Really sad to see a once trusted member of the community and fellow Swiss going down like this  :-\

I hope you can recover the funds! I suggest to get in contact with Ludom, he is living in the same part of Switzerland as Dom P and knows him personally from a meet-up.

Regards and all the best,
Karl
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 04, 2016, 02:04:21 pm
Really sad to see a once trusted member of the community and fellow Swiss going down like this  :-\

I hope you can recover the funds! I suggest to get in contact with Ludom, he is living in the same part of Switzerland as Dom P and knows him personally from a meet-up.

Regards and all the best,
Karl

Thanks Karl, I've sent Ludom a PM and hope that we hear from him soon!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on June 04, 2016, 05:23:32 pm
I got out of this (at a loss) when things started to slide, but I've tracked it since because it has been a pretty bad betrayal by someone who was a trusted community member. In the issuer account: https://www.mynxt.info/account/NXT-CFAC-YVL9-BZKT-A294B it looks like over a year ago nearly 800k NXT was used to buy back 150 assets.
How many holders are left, and how many assets total?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Ludom on June 04, 2016, 09:40:03 pm
I sent an SMS message to DoM P. If he don't answer I'll phone him.

But if no answer, I'll give all the informations you need. You're right CryptKeeper, the patience is over.

I don't really know Jean-Laurent, Florine and Yann (I never met the others employees). They were in my garden for the Nxt Barbecue. They were very nice and I had some contact with them later by phone. I really hope the problem will find a solution.

Ludom
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: JohnHolmes on June 04, 2016, 11:57:28 pm
If you are a CryptoCoin shareholder please raise your voice now.

I'm a CryptoCoin shareholder, and I support any actions taken against DoM P and his associates to recover some of the funds. Thanks to all those who are trying!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 05, 2016, 07:27:42 am
I got out of this (at a loss) when things started to slide, but I've tracked it since because it has been a pretty bad betrayal by someone who was a trusted community member. In the issuer account: https://www.mynxt.info/account/NXT-CFAC-YVL9-BZKT-A294B it looks like over a year ago nearly 800k NXT was used to buy back 150 assets.
How many holders are left, and how many assets total?

You're right, DoM P offered a buy back but this wasn't sufficient for all of us to get out. Needless to say it was very underpriced and in hindsight it was a weak try to stay out of legal consequences. I've seen this trick with a lot of asset issuers: by putting up a buy wall where a lot of weak hands are selling their shares and therefor loose their rights to complain or taking legal actions about the handling of the asset!

I don't know about the exact number of shareholders but I can see that there are still about 1480 assets in the hands of shareholders. In issuer price of 100 euro thats a total of 148000 euro! Even if they handled the funds not well, they should at least have over 100k left. That's nothing to spit on and the amount is high enough to make a nice case for any lawyer!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 05, 2016, 07:30:49 am
I sent an SMS message to DoM P. If he don't answer I'll phone him.

But if no answer, I'll give all the informations you need. You're right CryptKeeper, the patience is over.

I don't really know Jean-Laurent, Florine and Yann (I never met the others employees). They were in my garden for the Nxt Barbecue. They were very nice and I had some contact with them later by phone. I really hope the problem will find a solution.

Ludom

Thanks Ludom, your help is highly appreciated. I hope that you get through to him and that he will understand the trouble he is getting in if he doesn't return the funds ASAP.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 05, 2016, 07:31:35 am
If you are a CryptoCoin shareholder please raise your voice now.

I'm a CryptoCoin shareholder, and I support any actions taken against DoM P and his associates to recover some of the funds. Thanks to all those who are trying!

Welcome John and thanks for the support!  :)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Vivien on June 06, 2016, 10:04:43 pm
Hi I am Vivien Brunot.

I am not a former employee of CFA consulting. I have never been paid by them. I only know DOM P and Yann Wahli from some skype calls.


Here's the story:
------------------------------------------------------------------------------------

Dom P contact me via a forum to put money in CFA Consulting somewhere around June 2014. I declined the offer.

He contacted me again around the end of 2014 to ask me to work with him and other of his associates for a "rating agency" project. He told me that if I work with them on the building of this project I would have shares in the rating agency. I accept and did some preliminary work on a rating model.

The "rating agency" was never registered and after few Skype calls with the other people involved we stopped to make Skype calls and as far as I know the project die pre-born.

During the same time (end of 2014) he talked to me about his "fund" project and asked me to be a manager in it. . At first I was interested.  That's when I send him my picture and a quick introduction that he thereafter put on is website.

But a few days after, I decline the offer mainly because I found that too shady (that's one thing to make a crypto-rating agency, but to make a "fund" you need to comply with a ton of regulation and he didn't look as he was caring about that).

During 2015 I have tried to contact him by mail to have news about the rating agency (the only project in which I have some ties with him) but he never responded. As I have only invest some work with him (we have no legal or monetary tied whathsoever), I didn't insist much more.

I was pissed off when I saw he didn't remove my picture and my introdution from his website after I told him I won't be involved in the management of his fund (I realized my introduction was still there several months into 2015, maybe in June, whereas I decline any involment in December 2014), but I was also pissed off because I work for nothing for the rating agency. At that point I just wanted to forget him.

So guys I am really sorry for the situation where you are in now but I have absolutely nothing to do with that fund. I don't think I can be held responsible for anything. My only mistake have been to haven't insisted that he removed my introduction from his webpage (I just trusted him to do that on his own, just like you trusted him with your funds).

Let me know if I can clarify anything further.

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Vivien on June 06, 2016, 10:19:14 pm
Btw I have been made aware of this situation only because CryptKeeper add me on Facebook last Thursday, and since then tonight is the first time I log on on my FB.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Vivien on June 06, 2016, 10:42:45 pm
Also as far as I know CFA consulting had no employees, only the three founders (ie. which put money in the company) JL Tari, Yann Whali and Florinne Oury (JL Tari's girfriend) were working consistently for CFA Consulting.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 07, 2016, 06:24:05 am
Also as far as I know CFA consulting had no employees, only the three founders (ie. which put money in the company) JL Tari, Yann Whali and Florinne Oury (JL Tari's girfriend) were working consistently for CFA Consulting.

Vivien,
thanks for stopping by and telling us about your relation to this company!
I tend to believe you because you are the first who has the guts to come here and explain himself.

I've grabbed this nice photo from CFA's facebook page and it shows (from left to right)
Sergiu Ticu
Ekaterina Ticu
Jean-Laurent Tari
Flourine Oury
One unknown guy
(https://scontent.ftxl1-1.fna.fbcdn.net/t31.0-8/fr/cp0/e15/q65/10548277_286195754908129_4341144355787308083_o.jpg)

Vivien, can you help us to identify the guy to the right?
Also interesting would be to know which relation did Sergiu Ticu and his wife have with this company. At least they are together on a photo as background for CFA's facebook and twitter account! As not proven otherwise, I see them responsible for the funds as well.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Vivien on June 07, 2016, 09:22:45 am
The guy on the right is Yann Wahli. I am pretty sure about that, we put our webcam once when we were Skyping.

When they talk to me about the fund, Yann Wahli and JL Tari told me Sergiu Ticu was the guy who did the trading system (when he talked about a back tested performance, he was refering to the model of Sergio Ticu). It's all I know about him, I have never talk to him on Skype.

I don't know either the exact role that was planned for Sergiu Ticu after the release of the fund. Yann and JL told me that the two who would have the custody of the assets were only themselves (JL Tari and Yann Wahli).
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Ludom on June 07, 2016, 08:36:39 pm
Yes the guy on the right is Yann Wahli, I confirm.

An other information, CFA Consulting is not an official company in Switzerland : http://www.zefix.ch/

It means that the company CFA Consulting = JL Tari and his associated. Legally, it means that the responsibilities of the contracts are the personal responsibilities of JL and associates. If a justice auction is lunched, it's not to a company but to the physicals persons.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 07, 2016, 09:09:31 pm
The guy on the right is Yann Wahli. I am pretty sure about that, we put our webcam once when we were Skyping.

When they talk to me about the fund, Yann Wahli and JL Tari told me Sergiu Ticu was the guy who did the trading system (when he talked about a back tested performance, he was refering to the model of Sergio Ticu). It's all I know about him, I have never talk to him on Skype.

I don't know either the exact role that was planned for Sergiu Ticu after the release of the fund. Yann and JL told me that the two who would have the custody of the assets were only themselves (JL Tari and Yann Wahli).

Thanks again Vivien for this valuable info!

Do you know anything about the personal problems of JL Tari? He mentioned to have lost some family members, can you verify that?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 07, 2016, 09:17:52 pm
Yes the guy on the right is Yann Wahli, I confirm.

An other information, CFA Consulting is not an official company in Switzerland : http://www.zefix.ch/

It means that the company CFA Consulting = JL Tari and his associated. Legally, it means that the responsibilities of the contracts are the personal responsibilities of JL and associates. If a justice auction is lunched, it's not to a company but to the physicals persons.

Thanks Ludom!
DoM P wrote this about registering CFA:

Quote
We are registering the company in RAK. This state doesn't require accounting nor taxes. That's important to us, because there is no accounting regulation about the work we do, anywhere in the world, yet.
So we don't want to be taken aback when it suddenly falls in.
We'll register the company back to Switzerland (where we live) once this has changes, hopefully the coming year.

https://nxtforum.org/index.php?topic=6958.msg139773#msg139773 (https://nxtforum.org/index.php?topic=6958.msg139773#msg139773)

RAK btw is one of the United Arab Emirates: https://en.wikipedia.org/wiki/Ras_al-Khaimah (https://en.wikipedia.org/wiki/Ras_al-Khaimah)
I'm sure they haven't registered their company there, this was all bullshit to give them a professional touch.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 07, 2016, 09:47:50 pm
Where are all those CryptoCoin shareholders?

Code: [Select]
Nxt Account                     Assets  Issue Price
NXT-LP8G-9NHV-VUQB-58ZZF 862.62 86,262.00 €
NXT-ZB47-QUSK-7GZF-HMGBR 320.75 32,075.00 €
NXT-N6R7-TJPS-H7EN-487BS 120.74 12,074.00 €
NXT-CRPT-KEEP-R3DV-AXCDR 59.95 5,995.00 €
NXT-Y7RA-CG2R-2JGB-47CDE 53.6 5,360.00 €
NXT-CFAC-X7CW-XQPV-4L23K 15.14 1,514.00 €
NXT-DE7J-LJP9-8ZAA-6PHFV 9 900.00 €
NXT-5XCW-2F4H-ZWP2-HCXY3 8.3 830.00 €
NXT-WH2H-GS6P-4ZDK-6QHFE 6 600.00 €
NXT-M76U-NADD-LLJP-GVETZ 5 500.00 €
NXT-E9F3-TJG5-KEED-457U2 4 400.00 €
NXT-GEBY-DDVZ-FS3U-3JCZT 3.1 310.00 €
NXT-N8U7-TU6Z-HU3S-759Y7 3 300.00 €
NXT-DSQP-SACK-CMLK-GN8NF 2 200.00 €
NXT-4698-N8M5-DKQW-FBPA9 1.5 150.00 €
NXT-BPZH-L5JZ-TS9Q-6RVTM 1.5 150.00 €
NXT-HC73-3M32-CRCX-8PNRT 1 100.00 €

Total: 147,720.00 €

The second biggest shareholder's account NXT-ZB47-QUSK-7GZF-HMGBR is named "CCEDK CC Hedge Fund Asset", so I guess it's Ronny Boesing's, CEO of CCEDK. I've tried to contact him but haven't received a reply yet.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Cassius on June 08, 2016, 08:57:43 am
That top account hasn't been active for the better part of a year. Who knows what the deal is there but I wouldn't expect him to come out of the woodwork any time soon.
Third one also hasn't actively used the account (made a transaction) for many months. They look like Zombie accounts.
Ronny is still around. You can contact him on ronny@ccedk.com
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 08, 2016, 09:06:16 am
That top account hasn't been active for the better part of a year. Who knows what the deal is there but I wouldn't expect him to come out of the woodwork any time soon.
Third one also hasn't actively used the account (made a transaction) for many months. They look like Zombie accounts.
Ronny is still around. You can contact him on ronny@ccedk.com

My educated guess is that one of the bigger accounts belongs to jl777. I've tried to contact him in the supernet slack but he hasn't answered yet.
I've also contacted Ronny via this email address and by PM here and on facebook just a few minutes ago but he also hasn't answered yet.

I'm now aware of the summonable addresses of JL Tari and Yann Wahli so we can start legal actions against them, though it would be better if more shareholders would back this!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Ludom on June 08, 2016, 12:44:49 pm
Ok, I have no answer from Jean-Laurent. From this point I'll not defend him anymore.

I'm the NXT-E9F3-TJG5-KEED-457U2 address.

I don't see any CFA Consulting on this website : http://cbls.economy.gov.ae/Default.aspx
I really think they never create any business in United Arab Emirates.
So, as I thought, CFA Consulting = Jean-Laurent Tari and associates

The first step we have to do is to announce the financial problem to this office : http://www.fr.ch/opf/fr/pub/index.cfm (for Jean-Laurent) and https://www.zg.ch/behoerden/zivil-und-strafrechtspflege/betreibungsaemter (for Yann)

This step is already a big step because if you announce a dept to this office, it could be a big problem for JL or Yann to find a new apartment, create a new business or find a new job (depend on the job). And the consequences continue after the depts are paid.

I'm busy but if it's needed to travel in the Switzerland to help our problem to be solved, I'll travel and meet the right people.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 08, 2016, 01:14:30 pm
News from jl777:
he contacted me and told me that he only had around 10 assets which he sold into the buy wall. So he isn't one of the "CryptoCoin whales"!

Any other ideas who they could be? Maybe we have to look deeper into the account's tx activity to find out more.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: Vivien on June 08, 2016, 01:46:37 pm
The guy on the right is Yann Wahli. I am pretty sure about that, we put our webcam once when we were Skyping.

When they talk to me about the fund, Yann Wahli and JL Tari told me Sergiu Ticu was the guy who did the trading system (when he talked about a back tested performance, he was refering to the model of Sergio Ticu). It's all I know about him, I have never talk to him on Skype.

I don't know either the exact role that was planned for Sergiu Ticu after the release of the fund. Yann and JL told me that the two who would have the custody of the assets were only themselves (JL Tari and Yann Wahli).

Thanks again Vivien for this valuable info!

Do you know anything about the personal problems of JL Tari? He mentioned to have lost some family members, can you verify that?
Around January 2015 he told me that he just lost his job but he said it wasn't a big deal.

He talked to me a little about his father who was sick at that time, maybe it's him who died but it's really just a pure speculation. I have litterally no news since January 2015 so I don't really know.

I am going to try to contact someone on a forum who might have news from him but there is no guarantee I will get an answer. I will tell you how it goes.

Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: martismartis on June 08, 2016, 02:30:26 pm
NXT-LP8G-9NHV-VUQB-58ZZF is Dom P himself
NXT-N6R7-TJPS-H7EN-487BS is Fimventure dividends paying account, could be Verymucho
NXT-Y7RA-CG2R-2JGB-47CDE unknown
NXT-CFAC-X7CW-XQPV-4L23K Crypto Finance Analysis Consulting
NXT-DE7J-LJP9-8ZAA-6PHFV unknown
NXT-5XCW-2F4H-ZWP2-HCXY3 unknown
NXT-WH2H-GS6P-4ZDK-6QHFE https://about.me/jan.obladen
NXT-M76U-NADD-LLJP-GVETZ unknown
NXT-GEBY-DDVZ-FS3U-3JCZT unknown
NXT-N8U7-TU6Z-HU3S-759Y7 Mthcl
NXT-DSQP-SACK-CMLK-GN8NF unknown
NXT-4698-N8M5-DKQW-FBPA9 unknown
NXT-BPZH-L5JZ-TS9Q-6RVTM MadCow from bitcointalk, has 5'000'256.56 CoinoUSD!!!!!!
NXT-HC73-3M32-CRCX-8PNRT has name CryptOmni

Fast search through google and nxtportal :)











Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 08, 2016, 07:55:54 pm
NXT-LP8G-9NHV-VUQB-58ZZF is Dom P himself
NXT-N6R7-TJPS-H7EN-487BS is Fimventure dividends paying account, could be Verymucho
NXT-Y7RA-CG2R-2JGB-47CDE unknown
NXT-CFAC-X7CW-XQPV-4L23K Crypto Finance Analysis Consulting
NXT-DE7J-LJP9-8ZAA-6PHFV unknown
NXT-5XCW-2F4H-ZWP2-HCXY3 unknown
NXT-WH2H-GS6P-4ZDK-6QHFE https://about.me/jan.obladen
NXT-M76U-NADD-LLJP-GVETZ unknown
NXT-GEBY-DDVZ-FS3U-3JCZT unknown
NXT-N8U7-TU6Z-HU3S-759Y7 Mthcl
NXT-DSQP-SACK-CMLK-GN8NF unknown
NXT-4698-N8M5-DKQW-FBPA9 unknown
NXT-BPZH-L5JZ-TS9Q-6RVTM MadCow from bitcointalk, has 5'000'256.56 CoinoUSD!!!!!!
NXT-HC73-3M32-CRCX-8PNRT has name CryptOmni

Fast search through google and nxtportal :)

Thank you very much, this is really helpful.

How do you know that NXT-LP8G-9NHV-VUQB-58ZZF is DoM P's own account and why should he keep so much assets for himself and not in the issuer's account?
 ???

I will try to contact the others now.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: martismartis on June 08, 2016, 08:38:33 pm
NXT-LP8G-9NHV-VUQB-58ZZF is Dom P himself
NXT-N6R7-TJPS-H7EN-487BS is Fimventure dividends paying account, could be Verymucho
NXT-Y7RA-CG2R-2JGB-47CDE unknown
NXT-CFAC-X7CW-XQPV-4L23K Crypto Finance Analysis Consulting
NXT-DE7J-LJP9-8ZAA-6PHFV unknown
NXT-5XCW-2F4H-ZWP2-HCXY3 unknown
NXT-WH2H-GS6P-4ZDK-6QHFE https://about.me/jan.obladen
NXT-M76U-NADD-LLJP-GVETZ unknown
NXT-GEBY-DDVZ-FS3U-3JCZT unknown
NXT-N8U7-TU6Z-HU3S-759Y7 Mthcl
NXT-DSQP-SACK-CMLK-GN8NF unknown
NXT-4698-N8M5-DKQW-FBPA9 unknown
NXT-BPZH-L5JZ-TS9Q-6RVTM MadCow from bitcointalk, has 5'000'256.56 CoinoUSD!!!!!!
NXT-HC73-3M32-CRCX-8PNRT has name CryptOmni

Fast search through google and nxtportal :)

Thank you very much, this is really helpful.

How do you know that NXT-LP8G-9NHV-VUQB-58ZZF is DoM P's own account and why should he keep so much assets for himself and not in the issuer's account?
 ???

I will try to contact the others now.

Easy :) https://nxtforum.org/index.php?action=profile;u=554 check signature :)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 08, 2016, 09:16:53 pm
Easy :) https://nxtforum.org/index.php?action=profile;u=554 check signature :)

 ;D

So we're not talking about 147,720.00 EUR but instead only 61,458.00 EUR!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 09, 2016, 06:01:50 am
The first step we have to do is to announce the financial problem to this office : http://www.fr.ch/opf/fr/pub/index.cfm (for Jean-Laurent) and https://www.zg.ch/behoerden/zivil-und-strafrechtspflege/betreibungsaemter (for Yann)

This step is already a big step because if you announce a dept to this office, it could be a big problem for JL or Yann to find a new apartment, create a new business or find a new job (depend on the job). And the consequences continue after the depts are paid.

IMO such legal consequences are inevitable now, but I like to hear the opinions of the shareholders first. It's sad that we can't reach more of them or maybe they don't care. Until now it's only Ludom, JohnHolmes and CryptKeeper (me) known as shareholders.

@JohnHolmes: what do you think? Should we contact the officials like Ludom proposed?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 10, 2016, 09:58:49 pm
Good news!  ;D

Finally and after several attempts, Yann Wahli responded to my emails:

Quote
Mr CryptKeeper,

Following your emails, I have had several phones with Jean-Laurent Tari (DomP). It is over a year since I had not had contact with him and I was totally unaware of the situation.

According to what he told me, money is always on the various accounts that had been created. The concern is that since my departure, Jean-Laurent had family problems and left the fund’s management.

So I took a day free on next Wednesday, and I'll go to Jean-Laurent to help him with the accounting, and put the shares buyback deals at the right price.

I ask you to please wait until next Wednesday, and I guarantee that the offers will be available.

Again my apologies for this situation, and next time, thank you contact me soon, before it degenerates.


Kinds regards,
Yann Wahli

I think it's an honest attempt to fix this issue and we should give him until wednesday/thursday. Then we can see what they can offer us, that is which buy back price they set. If it's too low like the last buy wall, we should not sell into it but demand a detailed report about the loss of funds!

Please tell me your opinion about this, thanks.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 16, 2016, 12:34:29 pm
Today I had a phone call with Yann Wahli.

He is still at DoM P's place, helping him recovering the asset fund from various accounts. So far it's looking good: most of the fund is held in cash, a smaller part in bitcoins and various altcoins. They are still managing to access the accounts on bitstamp and bter, because the accounts were locked down. Reaching out to the support was difficult, because the registered emails were still of CFA Consulting and the mail server has been shut down almost a year now. The email issue is now solved so that Yann is expecting access to these accounts soon.

He promised to keep me posted and I strongly believe that he is an earnest and honest guy. So I see good times ahead for us shareholders!  ;D
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on June 16, 2016, 02:42:11 pm
Good news from Yann Wahli again:

the issues with the exchanges are solved, the asset fund is now recovered completely and ready for payout.

He told me that the value of the asset is now about 103 EUR per share!  :)

One problem is that they don't have enough NXT to pay out every shareholder, so Yann's idea is to contact someone from the Nxt community to act as an escrow (I guess someone from the Foundation) who will get the whole fund in bitcoins and distribute it to every shareholder on demand. I second this proposal, to get rid of the money is the best thing for DoM P to do!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: martismartis on June 16, 2016, 04:46:30 pm
Good news from Yann Wahli again:

the issues with the exchanges are solved, the asset fund is now recovered completely and ready for payout.

He told me that the value of the asset is now about 103 EUR per share!  :)

One problem is that they don't have enough NXT to pay out every shareholder, so Yann's idea is to contact someone from the Nxt community to act as an escrow (I guess someone from the Foundation) who will get the whole fund in bitcoins and distribute it to every shareholder on demand. I second this proposal, to get rid of the money is the best thing for DoM P to do!

What??? Big dump incoming :)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: TwinWinNerD on June 16, 2016, 05:04:10 pm
Good news from Yann Wahli again:

the issues with the exchanges are solved, the asset fund is now recovered completely and ready for payout.

He told me that the value of the asset is now about 103 EUR per share!  :)

One problem is that they don't have enough NXT to pay out every shareholder, so Yann's idea is to contact someone from the Nxt community to act as an escrow (I guess someone from the Foundation) who will get the whole fund in bitcoins and distribute it to every shareholder on demand. I second this proposal, to get rid of the money is the best thing for DoM P to do!

What??? Big dump incoming :)

It will actually go to 12500 NXT or smthg, instead of 5000. but thats because of shitty NXT price, not because of good performance
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: JohnHolmes on June 17, 2016, 12:55:54 am
@JohnHolmes: what do you think? Should we contact the officials like Ludom proposed?

@CryptKeeper, Sorry for late reply (was offline for a while), looks like things have been sorted, thanks so much for getting a result with this one, I was resigned to losing 100% of this investment, so I'm very grateful!!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on July 05, 2016, 08:43:19 am
Sorry for the silence for more than two weeks!

It seemed to be everything alright with the CryptoCoin payout, but behind the scene, we were trying in vain to contact DoM P by email and on the phone to get him to hand over the asset funds.
EvilDave has agreed to act as the escrow for this but his attempts to contact DoM P has been fruitless as well.
Ludom finally reached DoM P today and he apologized the delay with another "exchange identification issues" (we heard this story before).

I can believe none of this anymore and I think that he lost the last opportunity to come out of this with no legal consequences for him and his former colleagues of CFA Consulting!
IMHO there is not much time left before contacting the legal authorities about it. That's a shame because he could have spared himself and his former colleagues a lot of trouble.
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: 48uptr9 on July 24, 2016, 11:50:36 am
I have some CryptoCoins too, is there a chance of getting some back?
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on July 24, 2016, 06:54:20 pm
Yesterday we have arranged a payout for three shareholders:

CryptKeeper (myself)
Ludom
JohnHolmes

A friend of DoM P managed the transfer. As EvilDave escrowed this deal, it was successfully completed!

 :)  :)  :)

If another shareholder, who I haven't been able to reach yet, want to get out of CryptoCoin, please don't hesitate to contact me. I'll do my best to help you!
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on July 24, 2016, 06:59:26 pm
I have some CryptoCoins too, is there a chance of getting some back?

Are you already registered in nxtchat.slack? If not, please do and contact me there.
https://nxtchat.herokuapp.com (https://nxtchat.herokuapp.com)
Title: Re: Cryptocoins, the first crypto hedge fund bridging euro and Asset Exchange
Post by: CryptKeeper on July 27, 2016, 08:45:19 am
We've managed to arrange another payout with DoM P!  :)

79.45 CryptoCoin shares have been paid out in total but a lot of unclaimed shares remain!
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