is there a n00b guide to GLBSE anywhere?

[paulie_w]

i'd like to learn how to use it to both buy stocks and to do an ipo

right now i don't understand the thing at all.

[Meni Rosenfeld]

Well Nefario said he'll be more selective with new IPOs so you may want to familiarize yourself with GLBSE as a user before going there.

I don't think there's a guide but there isn't that much to it. You put bitcoins in, buy assets by placing bids or executing asks, get dividends, and as needed sell assets and/or take bitcoins out. If you have specific questions I guess you could ask here.

[nedbert9]

Frankly, more important than usage, which can be picked up quickly, is how to securely use GLBSE.


In the wild west of GLBSE where the attitude of 'use at own risk - I'm not responsible if your account gets hacked', you better know exactly how to secure your own system as well as the GLBSE account by using 2FA.


Having no documentation or strong, clearly visible security recommendations from the site owner has only led to misunderstandings about 2FA, 2FA not being used and accounts getting hacked.


You could be running the equivalent of fort knox security on your systems, but if you get hacked because an optional security feature of GLBSE wasn't enabled it will be 'your fault' and you will be ridiculed.

For the GLBSE 2FA feature in question
"JAuth is a reference desktop client for the google authenticator"
https://github.com/mclamp/JAuth


Can't wait for a more mature implementation of multi-sig, so I can bitch about services not using it, so I don't have to trust them to not allow money to be instantaneously stolen.

[paulie_w]

do i understand correctly that facebook is a requirement to have a glbse account?

[bitlane]

do i understand correctly that facebook is a requirement to have a glbse account?

Helps with 2-factor Authentication perhaps ? I don't use it.


* * VERY IMPORTANT * *
One of the most crucial things is to have a 33.6k or equivalent Dial-Up Internet connection, when using the GLBSE.
This in itself will save you from pulling all of your hair out of your head, wondering why the site is so god damn SLOW.....
56k Dial-up might be too fast, although you may not have a choice.

Whatever you do, DO NOT attempt to use the site with Broadband Internet....
It will not only put your hair at risk (from pulling it out), but leaving you to QUESTION IF THERE REALLY IS A GOD...

I should also add that, if you ARE forced to use Broadband Internet, try to use at MAXIMUM, a Pentium 100 NON-MMX PC.
(to help equalize things a bit, since your Network speeds will be too fast)....
...with as little RAM as possible and a 5400 RPM Hard Drive.
That will help you stay sane as well.

[Meni Rosenfeld]

do i understand correctly that facebook is a requirement to have a glbse account?

Of course not. But if you issue an asset, if you've verified a facebook account with Nefario the asset page will state so.

[crazy_rabbit]

I think you should probably read some basic finance books first, before you start putting your money into non-existant individuals possibly fictitious 'companies'.

[paulie_w]

I think you should probably read some basic finance books first, before you start putting your money into non-existant individuals possibly fictitious 'companies'.

oh yeah? any recommendations?