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521  Other / Beginners & Help / Re: How safe is USD? on: July 14, 2012, 08:42:48 AM
One is "too big to fail" and the other is "too small to be noticed"?
522  Alternate cryptocurrencies / Altcoin Discussion / Re: [altcoin] Decrits Proposal on: July 09, 2012, 06:50:32 PM
Regarding the share system: If my node does something bad, I'd lose my share(s). How exactly does this work, step by step? Who determines I did something bad, where is the database of shares kept, and how can I be sure noone sabotages me so I lose my shares?
523  Alternate cryptocurrencies / Altcoin Discussion / Re: [altcoin] Decrits Proposal on: July 09, 2012, 06:45:03 PM
Only if you're on dialup  Grin

Or, like me, live in a country with slow internet and quotas on bandwidth.
524  Bitcoin / Legal / Re: If bitcoin become illegal? on: June 28, 2012, 04:43:56 PM
If you live in a democracy where there's more people than bankers, why would it be voted illegal?
525  Alternate cryptocurrencies / Altcoin Discussion / Re: Timekoin on: June 28, 2012, 04:08:15 PM
No offense, but a trained monkey could write an OT client.

I'm writing one.
526  Bitcoin / Bitcoin Discussion / Re: [ANN] The world's first handheld Bitcoin device, the Ellet! on: June 27, 2012, 08:33:27 AM
Name it the Waitlet
527  Bitcoin / Development & Technical Discussion / Re: Is it possible to run Bitcoin on Google App Engine? / alternatives? on: June 26, 2012, 06:26:44 AM
Is it possible for a third party to host the bitcoind and blockchain? Your app would not share any keys with it of course, but send signed transactions to it, and use it for getting notifications on balance updates etc.
528  Economy / Securities / Re: Apple shares on: June 26, 2012, 02:50:10 AM
if I sell the stock on GLBSE, the asset holders are the ones entitled to the dividends.

Heh, ... so you'll be getting the 1099 for the dividends (and for the proceeds for when you sell the AAPL shares also)?

Just read up on 1099. It's really sad how the US is turning into Europe when it comes to regulation and controls. Worse, in some cases. Not sure how this applies to me as a foreigner - I'll have to ask the broker.
529  Economy / Securities / Re: Apple shares on: June 25, 2012, 07:17:55 PM
Generally I really like the idea, the 100 AAPL shares limit is of course a bit tough (trusting you with ~a good motorcycle worth of BTC is a lot), maybe you can work on that somehow.

Also as mentioned you'll need a fast bot that pulls prices from wherever AAPL is denominated + MtGox and prices your shares accordingly.
Maybe you could offer different stocks (that pay out dividends more regularly than Apple) or bonds/options as well? Also some that don't cost ~100 BTC a piece would be nice...

100 shares is just if you want to trade in the glbse asset for the AAPL shares themselves, or the dollar equivalent from me selling them.
As some here have pointed out, by changing to interactive broker I might be able to handle smaller lots (but there'll be more overhead).
And I wouldn't offer them for 100 btc a piece - I'd like to offer at much lower prices so smaller players can participate. So there would be X glbse shares corresponding to 1 AAPL share. Thus you could get on board for a bitcoin or less.
I don't have any other shares currently, but I know of others who are interested and doing similar offerings with other shares, if we can find a working model here.

As for how to do the pricing - it depends on how much interest there is. I'm thinking offering this in portions, so that when I offer N shares they'd all be bought at the same price, and after that the market would be pricing them (using bots, or simply taking a longer perspective - I've held these shares for a long time and haven't cared about price fluctuations, or the USD vs my native currency. Still it's worked out extremely well so far)

Regarding dividends - of course they're going to be puny compared to what's the trend on GLBSE these days. People never bought AAPL for dividend anyway. I just mentioned them because of course, if I sell the stock on GLBSE, the asset holders are the ones entitled to the dividends.  Also, just because I'm offering them now, I might still trade in them later on - I'd just rather trade in bitcoin than usd.
530  Bitcoin / Mining support / Re: What happened to mining on Mac? on: June 25, 2012, 05:52:53 PM
Anyone tried hooking up GPUs og FGPA devices through thunderbolt?
531  Economy / Securities / Re: Apple shares on: June 25, 2012, 01:44:59 PM
Thing is, I really want to get off the stock market and into bitcoin, which was why I suggested this in the first place. And I thought it'd be interesting to see how a stock like AAPL, which obviously has ups-and-downs would trade on glbse, where people can much smaller trades. I'm wondering what it'd look like - obviously GLBSE has a small volume, and traders who follow the stock closely could probably profit from the "lag" and do quick trades. So could ppl who are long AAPL (if they do well, of course). Maybe the lack of / difficulty of short selling is a problem here?
532  Economy / Securities / Re: Apple shares on: June 25, 2012, 12:09:58 AM

Interactive brokers. I am European and have an account with them as well. Easy and low fees per purchase. It's just the inactivity fee of $10 ($2 if you are <26 years) a month that's a pain but if you allow them to lend your shares out to short sellers (with collateral) this rakes in some money which can counter the fee.

Thanks, I'll check it out!
533  Economy / Securities / Re: Apple shares on: June 24, 2012, 05:54:08 PM

Sounds kind of ABS / CBOish  ... do we really need that already?

What is so far fetched about trading stocks, on a stock exchange?
534  Economy / Securities / Re: Apple shares on: June 24, 2012, 05:20:06 PM
Yes, lot's of thoughts, none of them very nice.

First, what brokerage are you with that doesn't allow odd lot trading?  Ever heard of Sharebuilder? 
I'm not American, and thus can't use Sharebuilder afaik. I'm not really a stock trader - I just put some savings in AAPL when they announced the ipod. At the time I was told I could only do lot trades (maybe because of proxy)

What you're proposing is akin to a mutual fund.  Those are pretty regulated in the US and you will need an experienced securities lawyer to help you.
This would put GLBSE itself under what regulation? Do they comply?
Anyway, I'm European and live in Asia, so I don't necessarily care about US rules. But if it is a problem for the investors, maybe I should drop it.

That said, hey, go ahead and try it.  Some people on GLBSE might be dumb enough to buy in.
Well, I reckoned it'd be one more thing one could buy with bitcoins. Not everyone wants to buy steam codes and diablo items.
535  Economy / Securities / Re: [GLBSE] Request for input re: asset holder complaints about issuers. on: June 24, 2012, 04:18:43 PM
I, incidentally, sell torches and pitchforks for bitcoin.
536  Bitcoin / Development & Technical Discussion / Re: Is it possible to run Bitcoin on Google App Engine? / alternatives? on: June 24, 2012, 03:50:54 PM
I don't know about your VPS, but mine can't even fit the blockchain anymore.
537  Economy / Securities / Apple shares on: June 24, 2012, 03:45:42 PM
I'm just probing for now, to figure out how one might structure such a thing, and if it's a good idea or should be dropped.
I happen to own some shares in AAPL. I want to invest in some bitcoin projects, and was planning to sell off some shares and buy coins on an exchange.
However, it struck me that maybe I should issue an asset on GLBSE, backed by the shares.
So, the shares need to be bought/sold in lots of 100. Which is about $58200 currently. That's out of reach for most people. But if I put them on GLBSE, where f.ex.
100 of the glbse asset corresponds to 1 AAPL share - then smaller investors can invest in Apple without needing much capital.
Anyone who accumulates 100 * 100 of the asset can exchange them with me for either ownership of the AAPL stock, or the dollar equivalent from selling the stock.
It could be an interesting asset to see traded, because you'd be speculating on both the AAPL and the dollar vs bitcoin. When AAPL pays dividends, it would be used to purchase bitcoin, which would then be paid out as glbse dividends.

Any thoughts on this model?
538  Economy / Currency exchange / Re: Maximizing Bitcoin Liquidity Through the Make-or-Take Model on: June 24, 2012, 03:16:23 PM
What happens if there are no fees on transactions? (Just on deposits / withdrawals or some other mechanism to keep the exchange operating)
539  Economy / Securities / Re: [GLBSE] BMF - Crash Tactics on: June 23, 2012, 07:07:53 PM
What's the reason for the crash in your opinion?
Some people just cashing out, shifts of investments to pirate, increase in difficulty, what?
540  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 23, 2012, 07:10:20 AM
Interesting thought experiment: People fight fiat printing by simply stopping to accept dollars having higher than a certain serial number.
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