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Title: - Post by: mishra on December 08, 2011, 02:33:11 AM -
Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: JohnOliver on December 08, 2011, 02:36:51 AM With the entire economy valued at $23 million I'm not sure if there's enough room for a second stock exchange.
Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: Yankee (BitInstant) on December 08, 2011, 02:56:43 AM With the entire economy valued at $23 million I'm not sure if there's enough room for a second stock exchange. The entire economy is not valued at $23 million. The value of all the bitcoins in circulation in USD is $23 million. There is a HUGE difference. There are many things that go into valuing an economy, potential and reach being a major one. You also need to calculate users, the value of all Bitcoin business's, and many other things that go into it. The bitcoin industry is hands down worth at least $500 million- $1 Billion. Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: finway on December 08, 2011, 08:05:40 AM Build a site is easy,
Build Trust is hard. Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: c0ffer on December 08, 2011, 01:07:23 PM Wow, that is a huge jump. That makes the cost of listing even higher than it was when BTC peaked. I was planning on doing several listings but at that price not a chance.
At least I got one in before the increase, I'll have to issue those shares soon ;) Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: btc_artist on December 08, 2011, 01:48:19 PM 1. completely web based with no requirement to download software. I've been mulling over a block chain based stock exchange, but that would necessitate participants using client software.Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: dustintrammell on December 09, 2011, 12:03:52 PM What I'd like out of a bitcoin stock exchange: My biggest beef with GLBSE is their horrible interface. The Portfolio link simply lists your positions. There's no context information such as averaged cost, realized gain/loss, etc. If you want to figure that out the raw data is there but you have to collect it from multiple screens and then do the math yourself. My #1 request would be to make it look and behave like a real brokerage account. Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: Thesandman1 on December 09, 2011, 10:52:56 PM With the entire economy valued at $23 million I'm not sure if there's enough room for a second stock exchange. This. Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: Nefario on December 20, 2011, 05:29:50 PM The reason for the price rise is to prevent penny scammers, and is temporary.
With the cost of creating an asset so low it was profitable to create scam assets as long as they reaped in more than 0.5BTC, which isn't very much. This resulted in a number of what turned out to be scam assets. With the release (for testing) of GLBSE 2.0 at the end of the year a lot of current issues will be fixed. The interface is getting a huge makeover along with much needed shareholder/asset creator communication tools. The price will be dropped considerably on the production launch (probably a week after the testing launch) of GLBSE 2.0 Please keep in mind that although GLBSE has never been the easiest service to use it has always been trustworthy. Since the beginning security (and not usability) had been our number one concern and it's shown. We have not had a single hack or any loss of BTC since our launch. GLBSE is still run by trustworthy members of the bitcoin community, which includes myself (my own identity I have revealed). We're working on making GLBSE as easy to use as possible. Nefario Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: bbit on December 20, 2011, 11:59:21 PM The reason for the price rise is to prevent penny scammers, and is temporary. With the cost of creating an asset so low it was profitable to create scam assets as long as they reaped in more than 0.5BTC, which isn't very much. This resulted in a number of what turned out to be scam assets. With the release (for testing) of GLBSE 2.0 at the end of the year a lot of current issues will be fixed. The interface is getting a huge makeover along with much needed shareholder/asset creator communication tools. The price will be dropped considerably on the production launch (probably a week after the testing launch) of GLBSE 2.0 Please keep in mind that although GLBSE has never been the easiest service to use it has always been trustworthy. Since the beginning security (and not usability) had been our number one concern and it's shown. We have not had a single hack or any loss of BTC since our launch. GLBSE is still run by trustworthy members of the bitcoin community, which includes myself (my own identity I have revealed). We're working on making GLBSE as easy to use as possible. Nefario Hey Nefario, when do you think you'll go back to 0.05 asset listing fee ? also, do you have any tutorials on how to use GLBSE ? Thanks - Bbit Title: Re: GLBSE raises price to 20BTC - time for some competition Post by: Nefario on December 21, 2011, 01:10:36 AM I'm looking to have GLBSE v2.0 out for testing by the end of this year with the official launch about a week later. We're aiming to have the listing price at 1BTC.
With regards tutorials in using GLBSE there aren't any for general usage, just for listing (which is a kind of complex process at the moment). Long story short GLBSE was initially built with security and anonymity of it's users as the number 1 goals, and this we achieved. The cost however was usability, which is just terrible, and the documentation was minimal. GLBSE v2.0 shouldn't need any tutorials for basic usage(although we'll add them anyway). Nefario. |