Nefario (OP)
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August 23, 2012, 05:07:37 AM |
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In the next few hours we will be removing the requirement for BTC reserves.
This means that you can make as many buy orders as you like as long as you have enough BTC to cover your highest priced buy.
Once the order is fulfilled, your new balance is calculated, and your other buy orders for more than your new balance will be cancelled.
Below is a list of major features and their ETA
New charts and API server(will be open source) - 1 week to live launch Options on all GLBSE assets and an options market - 2 weeks to live launch Lending assets (including BTC) with interest - 3 weeks to live launch Margin and shorting - 4 weeks to live launch Private markets for private stock - 3 weeks to live launch Scheduling dividend payments and buybacks - 1 week to live launch
There is also a long list of smaller features and improvements that are going to be rolled into GLBSE over the next few weeks that aren't listed here.
I'll keep this thread updated as progress is made.
Nefario
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com
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Factory
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August 23, 2012, 05:19:10 AM |
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All of these coming releases are met with much anticipation.
Thanks for continuing to improve GLBSE.
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Eiii
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August 23, 2012, 05:23:45 AM |
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Wow, this all looks really great. As long as server performance can keep up, I'm excited!
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Nefario (OP)
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August 23, 2012, 05:29:57 AM |
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Wow, this all looks really great. As long as server performance can keep up, I'm excited!
A big part of the work has been going on the backend stuff, to enable GLBSE to be run on multiple machines, scale, and still be secure. That had to be done before we could progress with the OP's features.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com
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marks1976
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August 23, 2012, 05:33:39 AM |
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Love the work Nefario.
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Bitcoin Oz
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August 23, 2012, 06:30:31 AM |
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Great work Nefario. Lending assets (including BTC) with interest - 3 weeks to live launch This is going to be great for shorting stocks
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URSAY
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August 23, 2012, 06:39:21 AM |
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TY!!!
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Nefario (OP)
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August 23, 2012, 06:59:21 AM |
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Great work Nefario. Lending assets (including BTC) with interest - 3 weeks to live launch This is going to be great for shorting stocks This is the whole point, and it won't be shorting with "vitual" assets that don't exist as with most margin or shorting, it will be existing ones, and the lenders will be able to decide the rate in which they charge.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com
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c_k
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August 23, 2012, 09:20:16 AM |
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So will the site be faster soon?
If so, bonus!
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Nefario (OP)
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August 23, 2012, 09:23:08 AM |
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So will the site be faster soon?
If so, bonus!
Yes, combined with the moving of our database to a dedicated DB server it will be a significant improvement.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com
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muyuu
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August 23, 2012, 10:41:45 AM |
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Nice.
What will be Open Source exactly? Looking forward to take a look.
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GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D) forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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Nefario (OP)
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August 23, 2012, 10:54:25 AM |
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Nice.
What will be Open Source exactly? Looking forward to take a look.
charts and the public API.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com
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Matthew N. Wright
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August 23, 2012, 10:59:57 AM |
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James,
I've seen a thread about someone asking the legality of the GLBSE and myself, I'm just getting into stocks, IPOs and such so I'm not 100% sure yet, but is there any reason to believe that putting up an IPO on the GLBSE would be illegal? And even if not for every country, how about for the USA? Would you be held responsible legally if an IPO there like Pirate ran out with everyone's money? Don't need a legal letter or anything, just asking your opinion.
Cheers
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Nefario (OP)
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August 23, 2012, 11:12:30 AM |
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James,
I've seen a thread about someone asking the legality of the GLBSE and myself, I'm just getting into stocks, IPOs and such so I'm not 100% sure yet, but is there any reason to believe that putting up an IPO on the GLBSE would be illegal? And even if not for every country, how about for the USA? Would you be held responsible legally if an IPO there like Pirate ran out with everyone's money? Don't need a legal letter or anything, just asking your opinion.
Cheers
This is out of topic, and should either be in a PM or in the other GLBSE threads (of which there are several) on this topic. Read GLBSE's TOS. Also hard to believe you're just getting into stocks etc with your involvement with Hermes and Kronos, you seem to be playing stupid.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com
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Matthew N. Wright
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August 23, 2012, 11:12:58 AM |
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James,
I've seen a thread about someone asking the legality of the GLBSE and myself, I'm just getting into stocks, IPOs and such so I'm not 100% sure yet, but is there any reason to believe that putting up an IPO on the GLBSE would be illegal? And even if not for every country, how about for the USA? Would you be held responsible legally if an IPO there like Pirate ran out with everyone's money? Don't need a legal letter or anything, just asking your opinion.
Cheers
This is out of topic, and should either be in a PM or in the other GLBSE threads (of which there are several) on this topic. Read GLBSE's TOS Thanks! Doing now.
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ribuck
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August 23, 2012, 11:27:19 AM |
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Those are great features! Thanks for creating and enhancing GLBSE.
Ideally I'd like to see the following feature added to the list:
"Globally-distributed bulletproof backups, so that the data and software can be recovered in the event of the operator's disappearance or demise, or seizure of the GLBSE data."
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Nefario (OP)
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August 23, 2012, 12:08:55 PM |
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Those are great features! Thanks for creating and enhancing GLBSE.
Ideally I'd like to see the following feature added to the list:
"Globally-distributed bulletproof backups, so that the data and software can be recovered in the event of the operator's disappearance or demise, or seizure of the GLBSE data."
We already have this, although it's not distributed to everyone it has been given to several people. This is all in another GLBSE related thread. If I die GLBSE will continue onwards, at the very least to ensure that all accounts have been settled, but most likely with someone else to take over.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com
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ribuck
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August 23, 2012, 01:19:39 PM |
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If I die GLBSE will continue onwards....
That's great to hear ... but ... Long Live Nefario!
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Hunterbunter
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August 23, 2012, 01:26:58 PM |
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Below is a list of major features and their ETA
New charts and API server(will be open source) - 1 week to live launch Options on all GLBSE assets and an options market - 2 weeks to live launch Lending assets (including BTC) with interest - 3 weeks to live launch Margin and shorting - 4 weeks to live launch Private markets for private stock - 3 weeks to live launch Scheduling dividend payments and buybacks - 1 week to live launch
All very interesting. Regarding: Margin and shorting - 4 weeks to live launch How will this work, exactly? Will GLBSE be purchasing stocks in companies? Or is this a bucket shop thing? Or not related to stocks, just BTC?
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Nefario (OP)
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August 23, 2012, 01:52:19 PM |
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Below is a list of major features and their ETA
New charts and API server(will be open source) - 1 week to live launch Options on all GLBSE assets and an options market - 2 weeks to live launch Lending assets (including BTC) with interest - 3 weeks to live launch Margin and shorting - 4 weeks to live launch Private markets for private stock - 3 weeks to live launch Scheduling dividend payments and buybacks - 1 week to live launch
All very interesting. Regarding: Margin and shorting - 4 weeks to live launch How will this work, exactly? Will GLBSE be purchasing stocks in companies? Or is this a bucket shop thing? Or not related to stocks, just BTC? Good question. We will allow users to lend their BTC and assets to other users for the sole purpose of trading on margin and shorting. This will mean that they (the borrowers) will not be able to withdraw any of those related funds until the they have paid back what they have borrowed. The lenders will be able to set the interest rate that they charge for lending out, with the understanding that if the market becomes illiquid, they may lose their funds. They will also be able to specify what assets they are willing to allow their lent funds to purchase. It will be available for all assets on GLBSE.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com
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