Existing bearer bonds and shares are not illegal but it is no longer legal to issue new bearer shares and bonds in virtually all countries.  Maybe somolia allows it but even many offshore locations revised their statutes in the last couple decades.    There are a lot of outstanding US treasury bearer bonds.  They no longer pay interest but they are normally used as a "reallllly" big cash note so they probably will never be redeemed.

BTW: Nevada prohibited the issuance of bearer shares in 2007.
http://law.justia.com/codes/nevada/2010/title7/chapter78/nrs78-235.html


Sure if the blockchain can verify the identity of all shareholders, collect and store required information, ensure shareholders are accredited before issuing shares, enforce restrictions on transfers for private placements as required by securities laws, and file all necessary documents with regulators in a timely manner.

And yet, and yet.....

Mark Kapeles of mtgox bailed out another exchange back in 2011, using 17,000 BTC of his own to make sure the customers of that exchange didn't lose money - and I'm sure they were glad.

Why did he do it? Because it's not in the long term interests of the community to allow large numbers of people to lose money. It wasn't then and it isn't now.

Decentralized networks don't mean "you don't have to bail out or save any one entity" - it just means that there is no govt to organize the bailout and the community does it instead.

Think very hard before you advocate the "selfish at all costs" model which is quite different from a decentralized model.

If these types of incidents start to happen very frequently, one of two things will happen a) bitcoin will die as people will shudder at a non-regulatory environment that practically says to crooks, come and steal there is no comeback and no compensation for the victims or b) regulation will happen because the victims become so numerous, they eventually make up the majority of the community.

I think a bailout is a good idea. Perhaps Mtgox can issue bailout bonds that we can buy for 1BTC each and which pay a % of the profits. That way he raises capital to pay the victims, they clean up mtgox - put in new management, and when it's running properly again, those of us who have participated in the bailout get a small return for our altruism.

Existing bearer bonds and shares are not illegal but it is no longer legal to issue new bearer shares and bonds in virtually all countries.  Maybe somolia allows it but even many offshore locations revised their statutes in the last couple decades.    There are a lot of outstanding US treasury bearer bonds.  They no longer pay interest but they are normally used as a "reallllly" big cash note so they probably will never be redeemed.

BTW: Nevada prohibited the issuance of bearer shares in 2007.
http://law.justia.com/codes/nevada/2010/title7/chapter78/nrs78-235.html


Sure if the blockchain can verify the identity of all shareholders, collect and store required information, ensure shareholders are accredited before issuing shares, enforce restrictions on transfers for private placements as required by securities laws, and file all necessary documents with regulators in a timely manner.

The same reason you like it, is the same reason just about every nation on earth has banned bearer shares a couple decades ago.  Most off shore locations no longer allow bearer shares.   Securities laws are generally speaking insanely complex, but they (almost?) never allow unregistered securities to be sold to the public or publicly traded.

You should probably circulate this via reddit and through other social networking services.

This is probably the only option left.

and be immediately shutdown and seized by Japanese regulators for securities violations.

I just want my full BTC refund if they don't ship before Dec 31 2013, I'm not asking for 1200USD per BTC refund and please stop with this "they will only refund in USD"

You are incorrect, sir. They said all of batch 1 will be in-hand by 15 Oct. They went approx 2 weeks over that mark. 2 weeks lost me about $1,000, but it could have been worse.

73 left

Had my Saturn shipped Thursday. got stuck in cologne by "customs" . there is no customs check on internal EU packages. Pkg delay-add'l security check by Gov't or other agency- beyond UPS control.
 I did a search on the above message and with the millions of UPS packages sent daily, I got 4 hits. 2 were driver errors (left the package at the wrong gate) 1 was the driver pulled over for speeding and cops checked the whole van. 4th was a train derailment  . I wonder what caused mine. Its due today but I have lost 4 days:(
Almost forgot. I rang UPS and demanded to know exactly where my package was now (Friday). Guy says Germany. where in Germany ? At the harbour. I didn't realise express shipping went by SHIP