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What about alternate blockchains? Can't the hardware be refitted to work on other currencies? Or folding proteins or finding aliens or curing cancer or something?
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It's also about investing in what you want to support. In mining, which helps secure the network, or in ponzi schemes and drug dealing.
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I think Open Transactions can do this
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Can't believe I missed it because of glbse downtime today  |
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Doesn't open transactions have much of what's needed for this already?
For holding the securities at least, not the bidding / trading part.
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Just a comment on your website - I saw no direct link to your GLBSE page. It would be convenient to have one.
The page says "footer here" at the bottom - this might be a good place for it.
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You just have to watch out for the few who are.
That's what BMF is for - I can leave that to you  |
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Well, some make a point out of their assets being shares as in you're buying not only parts of mining output, but parts of the actual hardware. Which would make a difference if it were sold f.ex. And that it gives voting rights. The difference might be in the contract, and might be hypothetical, depending on the trustworthiness of the operator.
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Thanks again for your answer!
Could you share some thoughts on mining shares vs mining bonds, and how this affects BMF?
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Thanks for the comprehensive answer!
Regarding item 8: I'm new to GLBSE (and investment in general) - but looking at BMF there, I realized that if I bought shares at 0.95 or 1.0 , I wouldn't be able to get my money back unless you successfully sell your remaining 9000+ shares - because there's noone buying for more than 0.1 . Since it would take a lot of capital to fill buy the rest of the shares, the risk seems pretty high.
If someone (you?) would place a bid at 0.8 or something, it might help psychologically.. ?
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Are there mining companies on GLBSE you don't include in your fund? Why not?
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In the streets of Beijing you can get Bittcoins for half the price, and you almost can't tell the difference….
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If you just want to issue a currency, use Open Transactions. You won't be subject to 51% attacks, as you would with a fork of bitcoin. And for a local currency, there's always going to be more hashing power outside than inside.
Backing this currency with bitcoin would be very cool...
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Not sure how well this would work: Buy mining equipment, set it up as a company on GLBSE and sell (all / most of) the shares for bitcoin. You'd need someone to take over drifting the rig once you leave, obviously. Maybe there are already operators there you could team up with.
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I just bought a couple of coins just to test this Singapore site: https://dgtmkt.com/ Was able to buy with creditcard, and received the coins after just 10 minutes. Don't know how much they have available though. |
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Imperial is my favorite game.
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Why not buy one of the Greek islands. I hear they're in need of hard cash.
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