[Freeciv-Dev] Re: Never-Ending Spacerace

[Mark Metson <markm@xxxxxxxxxxxx>]

On Thu, 8 May 2003, Paul Zastoupil wrote:

> 1%/day?  That's 270% in just 100 days (3778% annually), where do I
> sign up?!?!  Can you also buy a bridge?  Maybe some beachfront property
> on the east coast of Peru?
> 
> This gets ugly.  Who invests the money?  Who pays taxes on it?  Who pays
> out the money?  Not I, thanks.  I'm already dealing with these issues
> on a very small scale with the donated funds.

If legal complications are a problem we could do it indirectly, such as 
using SharedProfit.com rewards program. I am thinking of this anyway just 
because SharedProfit is so fashionable lately and is already starting to 
expand into bricks-and-mortar businesses. It might become as popular as 
AirMiles. I'm not going to hold my breath though. I really doubt they will 
be able to sustain the payout levels that they describe. Nonetheless I 
have picked up a few of their "shares" as part of my portfolio.

Usually stuff dealing with E-Currency just has disclaimers saying that all 
users are responsible for taking care of their own tax obligations in 
their own jurisdictions. Maybe the central entity might want to be 
"offshore" in some jurisdiction that is "sympathetic".

I don't like to point people to specific "investment programmes", for one 
thing I am not a registered investment-advisor, for another they have a 
habit of going belly-up as soon as they have been around long enough for 
you to think they'll last thus start thinking of recommending them. You 
really need to diversify, and there are hundreds of scams only a few good 
programmes. What I tend to do is use some co-operatives, programmes that 
are themselves diversifiers that have weathered the storms and managed to 
come out ahead over the long term despite so many fly by night operations 
coming and going all the time.

-MarkM-

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