Stokchain - A Bitcoin-Hybrid Distributed Consensus Stock Exchange

[stokchain]

Introducing the Stokchain: A Bitcoin-Hybrid, Decentralized Security Exchange.

This is a Call for Capital from Stokchain.com, August, 2015.

The Stokchain, a public stock certificate exchange that never sleeps, seeks to disrupt legacy institutions like the NYSE and NASDAQ by value-adding the benefits of blockchain technology to the business of certificate trading while slashing cost-of-trade and cost-of-compliance expenses for all market participants. Features of the framework include < 4 hour final (gross) settlement of trades and the denying of co-location benefits and 'hyper-efficient market' designs that give rise to much of the 'rigged' criticism of current systems. Bitcoin is the payment rail. Only short excerpts of the whitepaper are available online. Interested investors and blockchain developers should visit Stokchain.com for more information.

Unlike the new guard of fintech 'blockchainees', the Stokchain team recognizes that blockchains-without-'Bitcoin' are merely distributed self-updating copies of data (or, old hat) and that the true power of blockchain technology is ultimately provided by distributed consensus; that is, by miners. Stokchain will be open-source.

While you will find that the website is light on details, and knowing that light information (especially in the crypto-coin world) usually means light in a lot of places, we want to assure the community this is not another copy altcoin and that it is not vaporware; there is considerable effort sunk into this best solution. A mathematically rigorous proof of the concept is in development.

For a first round funding, we are seeking $1 million, most of which will pay proof-of-concept fees to attorneys. That is, in order to move forward we will have to show that according to current rules and regulations the framework is legally sufficient. We are certain that the technical proof-of-concept is trivial compared to the legal hurdles.

We have counsel to help us navigate our way through this maze, but we do not have the capital to bring this project full circle. If you are someone who can fund this, we want to speak to you. If you are a blockchain developer that finds this intriguing, we want to speak to you. If you are a mathematician with a knack for simplifying proofs, we also want to speak to you.

If you are none of these, we still ask for your help and support: Please disseminate this message as far and as wide as you are able. We are confident that if this project is funded, it will succeed where our centralized competitors will fail: in recognizing that without miners, there is no blockchain, just a well-mannered, permissioned, 'distributed' datastore.

Thank you for your time, help and attention. We know the advent of Capitalism 2.0 will leave no warm body behind,

The Stokchain Team

Copyright 2015, Stokchain.com - All Rights Reserved.

[Razerglass]

need pictures... cant read without pictures

[-Greed-]

Definitely this is a glorious idea but IMO it's not possible even with $40M that you guys are looking for. Anyway I will be glad if you post any updates towards the progress.

[stokchain]

Thanks for the encouragement.  Getting the word out is the hardest part.  We're just engineers with day-jobs and we don't have a PR firm.  And you are the first person who thinks that $40m isn't enough money.  Everyone else has balked that it could possibly cost that much.  Our estimate for the total project is 5000 attorney-hours.  Given that our attorney is $2500/hr (no we don't call him very often at all), we used an estimate of $3000/hr for a firm that actually has experience in bootstrapping a project in this arena.  One last note, there has been some blowback regarding the requirement to be licensed in NY.  We'd really rather not; but you have to go where the money is.  Given that at least 50% of investment monies move through NY at one point or another, we just don't see a way around this requirement.  The Important Bit still remains - this would be an Exchange that requires distributed consensus - and that means miners!  We will need miners.  We want to help miners make more money.  So if you are or know a miner - please mention stokchain.com.

THANKS!

[-Greed-]

By the way, Overstock is working (not sure if it's still) on building a decentralized stocks exchage. You may want to contact them and collaborate. Good luck.