Make sure you do your due diligence on new GLBSE securities as there are a few now listing where the forum members have under 20 posts. If you wouldn't loan coins on the forum to someone with under 50 posts why would you buy shares or bonds off them ?
As an example why is someone with under 10 posts trying to raise 100 000 btc ?
https://glbse.com/asset/view/BLUECHIP If you just go by the asset page it says nothing about their community reputation so maybe this is something GLBSE needs to change, perhaps by enforcing an asset issuer to link to their forum profile.
This is a great point. I completely agree. I encourage everyone to be skeptical. Trust is built over time. What any person says once or twice is worthless. What they DO over the course of a long period of time shows their character or lack thereof.
I guess being a newbie and listing a security is only one red flag to look at and I usually wait a month or two to see how the asset is progressing. Buying in to IPO's on glbse seems fraught with danger and Ive seen a lot crash and burn.
On the other hand I have recently added a new red flag to my list and that is a security issuer hiding behind trusted forum members to manage their asset which makes it seem more legitimate than it really is. This happened with bitdaytrade,bitcoinrebate and ZIP.A which used that method and they turned out badly.
ZIP.A actually paid out dividends for awhile but it turns out it was operating similarly to a ponzi scheme the whole time.
