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Title: What is https://cryptostocks.com ? Post by: Garr255 on June 24, 2012, 05:48:18 AM These questions are directed toward the creator of the exchange:
What is the advantage of using this exchange over GLBSE? Why should we trust the creator of it? Who is the creator of it? Even if it turns out to be a legitimate trading platform, the only advantage I see here is being a part of something new. Title: Re: What is https://cryptostocks.com ? Post by: Bitcoin Oz on June 24, 2012, 05:49:55 AM I think it is owned by the creators of vircurex.
Title: Re: What is https://cryptostocks.com ? Post by: mollison on June 24, 2012, 05:54:00 AM There is alread a thread (https://bitcointalk.org/index.php?topic=88036.new;topicseen#new) about this.
Title: Re: What is https://cryptostocks.com ? Post by: burnside on October 10, 2012, 05:36:18 PM Bumping this. Garr's questions were never answered in the linked thread. In that thread I have asked:
In light of the recent GLBSE debacle, I have some questions that I suspect need to be answered before anyone continues to use the exchange. 1) Where is Cryptostocks registered as a business. 2) Where are the Cryptostocks servers located? (Cursory search says Texas, USA) 3) Who is actually operating Cryptostocks? (I can understand if you do not want to answer this, however people should know if you are not willing to reveal the identity of your CEO.) 4) Under what regulatory body does cryptostocks operate? (List here: http://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country) 5) How is cryptostocks helping its Asset Issuers comply with their local laws? Are you giving them even a cursory warning "Issuing Securities is illegal without registration in most countries." ? Thanks! I think there needs to be an awareness of the legality of these things if we are to avoid another GLBSE implosion. Title: Re: What is https://cryptostocks.com ? Post by: scrybe on October 10, 2012, 08:57:31 PM I think there needs to be an awareness of the legality of these things if we are to avoid another GLBSE implosion. +1 Title: Re: What is https://cryptostocks.com ? Post by: Bitcoin Oz on October 10, 2012, 11:29:23 PM It is very dangerous to operate such a venture if it is indeed hosted in the "land of the free".
Title: Re: What is https://cryptostocks.com ? Post by: Cryptostocks on October 11, 2012, 05:35:00 AM The hosted infrastructure will be leaving the "land of the free" on the coming weekend or latest a week later.
Title: Re: What is https://cryptostocks.com ? Post by: burnside on October 11, 2012, 06:00:49 AM The hosted infrastructure will be leaving the "land of the free" on the coming weekend or latest a week later. Where's it moving to? Title: Re: What is https://cryptostocks.com ? Post by: Bitcoin Oz on October 11, 2012, 06:03:52 AM The hosted infrastructure will be leaving the "land of the free" on the coming weekend or latest a week later. Where's it moving to? Might want to drop the .com also. Title: Re: What is https://cryptostocks.com ? Post by: Cryptostocks on October 11, 2012, 06:21:44 AM The hosted infrastructure will be leaving the "land of the free" on the coming weekend or latest a week later. Where's it moving to? Burnside: What are your plans regarding litecoinglobal.com? Title: Re: What is https://cryptostocks.com ? Post by: 🏰 TradeFortress 🏰 on October 11, 2012, 08:03:39 AM Host it on Sealand.
Title: Re: What is https://cryptostocks.com ? Post by: Jurek on October 11, 2012, 10:26:24 AM Would perhaps namecoin's .bit domain prevent issues with authorities more than moving servers to Sealand?
Title: Re: What is https://cryptostocks.com ? Post by: Cryptostocks on October 11, 2012, 10:55:42 AM the domain name should not be the issue. should the SEC consider our platform subject to their regulations then the question will be whether we operated in the US and if we offered our services to US citizens who may not be entitled to use these servixes. To be on the safe side we relocate ansd bring up a prominent disclaimer about the users obligation to check the legality of using our platfotm.
Title: Re: What is https://cryptostocks.com ? Post by: burnside on October 13, 2012, 06:02:43 AM the domain name should not be the issue. should the SEC consider our platform subject to their regulations then the question will be whether we operated in the US and if we offered our services to US citizens who may not be entitled to use these servixes. To be on the safe side we relocate ansd bring up a prominent disclaimer about the users obligation to check the legality of using our platfotm. Canada's probably a good first step. It's not legal to run an unlicensed exchange there either, but at least it's not right under the nose of the SEC. I still haven't figured out the final resting place of LTC-GLOBAL. |