I think we're headed back to mid-2012 GLBSE era. Where everyone gets to run a security and the possibilites (for losing money) for investors are endless.
What I don't know is why you're encouraging the shit.
If the exchanges don't self regulate, you will see outside regulators come down hard, just like they have landed on Gox.
That's nonthink.
Someone should do How to Become a Bitcoin Securities Issuer in 8 Easy Steps
1. Come up with an edgy name that sounds shady or has shady elements (i.e. Pirate, Nefario, Thieves, Diablo, PsychoticBoy, DeadTerra, Slaughter, Nasty, Deprived)
2. If not an edgy name, have a weird name (i.e. friedcat, usagi)
3. Have character and an ego. Have a blog that shows that you are edgy/weird (i.e. Mircea Popescu, furuknap)
4. Be able to write a slick first post of a thread with lots of hype and basically imply that if someone doesn't invest with you they are missing out BIG TIME. Basically be a great salesman.
5. Be able to spend x # of hours on bitcointalk so that you can defend your security/securities against a) other issuers and b) experienced investors. It does not really matter the content of your posts so long as your posts have enough text to seem to make sense. And also you tend to get the last word in.
Anything else?
This is actually a good point, especially 5.
It's so rare these days I end up impressed with the posts of new users. Well done.
10. It doesn't matter how many mistakes/failed issues you've had in the past. All is forgiven and should be. Questions about the past are ignored/brushed aside as irrelevant and changing the topic. Let's keep the topic on the current issue please.
Yeah. Jared Kenna is still going to conferences, and people sit down with the guy. Fabulous.
Dudes, I love what you've done with this thread.
you seriously underestimate how organized an activity it is. Many promoters are running private chat rooms where they plot strategy and direct their 'troops'
Details, please.
Perhaps, but there's always a source of fresh recruits you'll get automatically get once they've bought in and have a stake in the program.
And then the idiots get broken and MtGox creates a new bubble and a new set of muppets gets sucked in and it starts over. EXACTLY the same.
And I've been trying to hammer this shit system that everyone else tolerates (Gavin, yes, you too!) because "have to be nice" or because "getting a cut" or because too stupid to think or for whatever other reason. And
so has MP, for longer than I have (actually that's precisely why he's paying me to be here).
And more generally, a notice to all the scumbags circling BTC : I don't care that you're poor, I don't care if you're desperate, I don't care if you're Ndrangheta or the Gambinos or the Bonanos or the Russians or whoever the fuck else. Pack it and move. This is your only warning, and quite frankly I have no ideea why warnings are even necessary. Bitcoin is not for idiots. That means you.
