Bitcoin Forum

For instance, if you're starting a mining company or whatever, you can just sell your shares in bulk packages at a discount to other people. Have the contracts written and signed through your preferred means. Then rely on those people to sell them on exchanges like the GLBSE, MPEX and Cryptostocks.

I recommend this because I don't think it's wise to rely on any single exchange but it makes sense to rely on you, the issuers. If an exchange fails, the failure doesn't kill everyone who happens to hold assets.

"Not relying on exchanges." I've been hearing that a lot lately.

The idea of exchange-independent, yet somehow verifiable securities is really hot right now. Wonder why.

Probably because most people here are geeky enough that the hand-holding one gets from a "full service brokerage" does not seem to them particularly useful thus the only real advantage they see in using an "exchange" that has tons of people like themselves all issuing assets on it is the change to grab a chunk of the traffic others like themselves, and possibly even the operator, bring to the place.

Given that there seemed to be so few business models represented thus that a large fraction of the others bringing traffic there are your own competitors, maybe such "malls" are not really so great afterall?

Maybe if GLBSE was free open source software (as Open Transactions is, by the way) a whole lot of people would be running it themselves to hawk their own wares instead of putting up with being buried among countless competitors and forced to rub shoulders with oodles of scams at least as scammy as they themselves are and in some cases maybe even scammier?

-MarkM-

Maybe because Nefario has been acting stubborn, childish, and has lost people money; MPEX looks really shitty and shares its domain name with child porn; cryptostocks is a pile of ponzi schemes, and Open Transactions has yet to be bootstrapped (issuers want customers; customers want issuers).

The judicious use of the semicolon in this post was done intentionally; the author believes it to be correct.

I wish this was the extent of it. Beyond that, he's also managed to disappear from the one forum that allows for central discussion of bitcoin and bitcoin-related activities.

At first, part of me wondered if he just needed to get his story straight. He does, after all, publicly represent GLBSE. But it's been a few days now, plenty of time to issue a statement.

And all of us are just left wondering...  ???

As explained in the FAQ, MPEx going away would not have much impact on the shareholders/issuers of the asset.

The funny part is, people were asking that "what if" a few weeks back, got the perfect answer, ignored the matter. Never turned around and asked GLBSE the same thing.
Intellectual laziness rules supreme.

Nimda: if you'd be so kind to share your name and address, we'll be happy to send you a libel subpoena.

Asset issuers on MPEx get copies of all purchases of their securities, with contact info on the buyer?

(I am trying to imagine how issuers just go right on doing their thing on waking up one day to find MPEx has vanished...)

-MarkM-