Done with GLBSE

[markm]

So, again, coloured bitcoins.

-MarkM-

[1714763125]

1714763125

[jasinlee]

Markm, get to work! This looks like a new project idea for you and dvc can be used to fund it

[jasinlee]

I dedicate 5,000 DVB shares sold at whatever they are worth at the time to it if you go for it.

[markm]

I suspect the big problem will be "know your customer" type laws, since apparently in a lot of places a fully legitimate company has to know the identities of its shareholders. So maybe anyonymity for buying shares of really legitimate companies will involve setting up offshore holding companies in jurisdictions that do not require revealing their own owners. That way your offshore company can own shares on your behalf without revealing who you are.

I invite you to look over the contracts I use though, they are in the file digitalis-assets.tgz on my sourceforge file-download site

http://sourceforge.net/projects/galacticmilieu/files/

Basically what it comes down to is I don't think there are any "know the players who control the characters who own the shares" rules for online roleplaying games...

-MarkM-

[markm]

But I am sure a niche will appear, full of people who want to trade interests in various rpg properties.
These people will likely want to do so completely disassociated from any "real life" they have and want to transact strictly online and with bitcoins.
I am very interested in what will be developed to serve this niche, as players like the GLBSE go the NYSE route.

Well do yourself a favour then and set up an Open Transactions client!

-MarkM-

[markm]

FellowTraveler's github repositories for both Moneychanger (the GUI client) and Open Transactions itself have screenshots etc and also each has a wiki too, see

https://github.com/FellowTraveler

There is also Open Transactions TV at http://open-transactions-tv.github.com/ for those who like video.

For Windows users, da2ce7 just today made a new release, see https://bitcointalk.org/index.php?topic=53329.msg1221651#msg1221651

-MarkM-

[markm]

Yeah we have a bounty out for someone to make an Open Transactions client "that grandma can use" but not much action on that yet.

The current GUI is a "test GUI" that includes pretty much all the things Open Transactions can do, as example code showing coders how to do all those various things. It is accordingly only for the cleverest grannies.

But we gotta get people using it, else really there won't be much incentive for anyone to bother making it more useable, and in fact the geeks might even hardly notice anything unusable about it to improve.

(WTF, a GUI? Who uses a GUI? Everything it can do better be right here in the command line commands or else... )

-MarkM-

[nimda]

Nefario and Goat need to use judge.me. Submit to arbitration and be done with it. They even accept Bitcoin.

How I see it:
Nefario is being stubborn and singing "la la la" with hands over his ears while Goat tells him about the double-spend problem and general fraud problem with the idiotic "code" system.

Goat is being stubborn and singing "la la la" with hands over his ears while refusing to agree to anything.

Nefario should come up with a better system than the damn codes, and Goat should help him come up with this system.

But I'm not a paid arbitrator.

[OgNasty]

Nefario and Goat need to...

I think the answer is simple. 

1) Goat gets a short time to liquidate operations. 
2) Goat sends Nefario BTC for all the outstanding assets. 
3) Nefario distributes the BTC as a dividend to shareholders.
4) 
5) Profit.

[Bitcoin Oz]

Nefario and Goat need to...

I think the answer is simple. 

1) Goat gets a short time to liquidate operations. 
2) Goat sends Nefario BTC for all the outstanding assets. 
3) Nefario distributes the BTC as a dividend to shareholders.
4) 
5) Profit.

This seems like a decent solution.

[nimda]

Yes, it makes sense to us rational people. However I think the only way they will agree on anything is if they pay for an arbitrator.

[Bitcoin Oz]

Nefario and Goat need to use judge.me. Submit to arbitration and be done with it. They even accept Bitcoin.

How I see it:
Nefario is being stubborn and singing "la la la" with hands over his ears while Goat tells him about the double-spend problem and general fraud problem with the idiotic "code" system.

Goat is being stubborn and singing "la la la" with hands over his ears while refusing to agree to anything.

Nefario should come up with a better system than the damn codes, and Goat should help him come up with this system.

But I'm not a paid arbitrator.

Other than accept the idiotic "code" system what can I agree to? He has made no other demands than use the code system that I know of. Please tell me what he wants me to do.

Thanks.

 

You could have dealt with this whole thing privately instead of dragging it into the public domain. It would have been better to use arbitration before this happened.

[markm]

Ah, forced buyback, interesting concept.

Involves someone's balance changing without their privkey signing off on the change. Oops, sorry, problem there.

I guess he won't be wanting to use Open Transactions if he wants to mess with people's balances unilaterally...

-MarkM-

[markm]

Yeah, that was the whole point of this. Property rights. He was the asset issuer (cuz he said they would have value), the broker, and the exchange.

If you want to be all 3 then there are issues.

Hmm. I am the issuer of the digiBiTCoins, digiDeVCoins etc on my server, and custodian of the wallets the actual coins backing them are in (I would not want to issue tokens representing assets not located in my own vaults), does that present similar "issues"?

-MarkM-

[markm]

Yeah, that was the whole point of this. Property rights. He was the asset issuer (cuz he said they would have value), the broker, and the exchange.

If you want to be all 3 then there are issues.

Hmm. I am the issuer of the digiBiTCoins, digiDeVCoins etc on my server, and custodian of the wallets the actual coins backing them are in (I would not want to issue tokens representing assets not located in my own vaults), does that present similar "issues"?

-MarkM-

Only if you can force the other holders of the coins to give them back to you at whatever price you demand.

Ah gee gosh golly darn it, that darn Open Transactions gets in my way on that part, only way your balances can be changed is if your private key signs off on the change, and those darn keys only live on your machine not on mine. Pout.



-MarkM-

[jasinlee]

Perhaps start a new thread, setup bounty for open sourced exchange to be used with open transactions ?

[markm]

Open Transactions' server is an exchange, and already is free open source software.

What we need is prettier / more GUI-user-friendly clients people can use to communicate with the servers.

There is a bounty offered: https://bitcointalk.org/index.php?topic=105506.0

-MarkM-

[Bitcoin Oz]

Open Transactions' server is an exchange, and already is free open source software.

What we need is prettier / more GUI-user-friendly clients people can use to communicate with the servers.

There is a bounty offered: https://bitcointalk.org/index.php?topic=105506.0

-MarkM-

Perhaps what he means is a site that is similar to an OT search engine so you can see who has what offerings.

If everyone has their own separate server how do you find them ?

It needs a way to index them. They dont need to list on this index only notify it that it exists and maybe provide a way to display prices/dividends/ etc.

People can then have their own server instance and their own assets but it allows people to find them The site doesnt need to know who the shareholders are or can actually do anything about the assets themselves apart from index them.

Its the same reason you can find torrents on google but the government cant sue google about it.

[jasinlee]

That sounds about right, and just use OT as a backend system.

[markm]

A bitcoincharts type of site maybe? That is kind of what I meant in an earlier post by critics and statisticians and such; sites that help you figure out what assets interest you, which have been performing well and so on so you can hone in on which ones might warrant an importing of their server-contract into your client so you can interrogate their server about actual current offers and prices and such, and place offers/bids yourself, or deposit that cash voucher your granny sent you in your birthday card.

-MarkM-