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21  Bitcoin / Bitcoin Discussion / Re: bubble imminent on: February 28, 2011, 10:25:16 AM
Shorting bitcoin would be not possible without some kind of deposit or collateral otherwise the person offering the market to short could be on the hook to back up the possible increase in value of BTC. I could without a deposit or collateral short BTC and only take my winnings if I win, I could walk away otherwise if I am on the loosing side.

Its only a matter of time until someone sets up shop as a market maker (type) CFD provider here, potentially good BC in it if the clients and spread are managed well...i keep thinking this just cant be legal? it will take me weeks to get my head properly around all this.
22  Economy / Marketplace / Re: Investors for bitcoin stock market and credit rating agrency, dev started! on: February 27, 2011, 01:39:51 PM
will a clearing house be established? how will new company's list, will there be rules for the issuing of prospectuses? will there be a regulatory body with powers to keep company managements open and honest...hold them accountable, protect the rights of shareholders?

As I see it, there will be nothing like this whatsoever.  It will be much more "wild", for everything will be reputation based.


Yep after spending an hour or so reading thru the legal thread im beginning to understand that this is the wild wild west....cept without guns, cheap whisky and easy women.Smiley

Realistically what sort of company's/stocks can list here? considering the limitations.
  • bitcoin services (banking, P2P lending, currency exchange)
  • retailers
  • funds
  • adult
  • dating
  • travel?
  • VOIP (call centres?)
  • help desk
  • software

There are lots of limitations.
23  Bitcoin / Bitcoin Discussion / Re: bubble imminent on: February 27, 2011, 01:19:44 PM
I'm sorry but bitcoin has zero intrinsic value. Just like fiat. The only thing that makes it valuable is the supporting economy of goods and services that can be traded for bitcoin. Growing a bubble is not going to strengthen it. And there is a lot of bubble mentality on this forum. Like this post:
http://bitcointalk.org/index.php?topic=3713.msg52668#msg52668

If bitcoin continues to go up in value without the bitcoin economy following, it will finally crash. And if the mass market learns that bitcoin is another "beanie babies", it will never become a global medium of exchange. It will remain a toy for geeks.

Agreed.  And that's almost become one of my mantras:  it's not about mining.

This most recent wave of slashdotting (and Security Now'ing) has brought a lot of mining activity and interest in mining, but I've been disappointed that forum posts about interesting new bitcoin businesses were notably absent.  In the past, we would see a flurry of new posts to the We Accept Bitcoins thread (now en.bitcoin.it/wiki/Trade) and the Marketplace forum.  Not as much activity.

If bitcoin is to survive, it needs a wealth of goods and services available, in multiple countries.  Bitcoin cannot exist without the bitcoin economy.



As a new bitcoiner today one of the first mystery's for me was...why is a bitcoin worth so much when there is very little commerce to back it up?, where is the demand coming from? and how is that demand sustainable when the bitcoin economy has so very little need of bitcoins to function...as a fundamental investor and keen chart watcher i just cant see the current exchange rate as being sustainable, the bitcoin economy needs some substance..needs some fundamental drivers.
24  Economy / Marketplace / Re: Investors for bitcoin stock market and credit rating agrency, dev started! on: February 27, 2011, 12:03:38 PM
First post so take it easy on me, i only found out about bitcoin's about 8 hours ago Smiley while surfing quirky financial/stock market blogs...also please excuse my poor grammar and punctuation as i never got to finish high school due to circumstances beyond my control. Over the last 4 years i have been a reasonably active investor on the Australian stock exchange and while reading over this forum and many other bitcoin related sites today, i came to the conclusion that the bitcoin economy really is in need of a stock market and some other financial instruments....and then i found this thread.Smiley

While i know diddly squat about programming and writing code, i do know a little about how stock markets work and would like to suggest that you guys have a look at www.asx.com.au for a great example of how a brilliant market site looks and works, also some questions...will the market list only common stock or will other types of stocks all be allow to list, stocks like preference shares and convertible notes? will a clearing house be established? how will new company's list, will there be rules for the issuing of prospectuses? will there be a regulatory body with powers to keep company managements open and honest...hold them accountable, protect the rights of shareholders?

I suppose its all a work in progress and will improve over time.
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