How to take out a bitcoin loan....the pro version.

[Bitcoin Oz]

1.Issue bonds on a bitcoin stock market for a fixed mh/s "mining bond"
2.Gather bitcoins.
3. Dont actually buy hardware with it  just pay the 1mh/s value to bondholders.
4.Pray to god difficulty rises really fast.
5. If you judge right you may never have to pay back the principal because the difficulty is too damn high.
6. Hopefully the price crashes really low.
7. The current price and all the dividends you have paid dont even cover the principal you borrowed.
8. You still have 20-30% of the amount raised and bondholders have worthless bonds.
9. $$PROFIT.

*may or may not be based on actual events.

[TheBible]

1.  Take out loan.
2.  Change forum name.
3.  Repeat.

[MPOE-PR]

If there are "investors" in their own mind and "bankers" in their own mind willing to go into these arrangements, what could possibly stop the pros?

There's a reason people pay for the services of a fund manager IRL. That reason is that IRL people are aware of and submit to the cold reality of their own stupidity: they know and accept they are too stupid to manage money. That knowledge and acceptance has been earned with many tears and plenty of bleeding.

Seems people want to start over in BTC. After all, it's a totally new wheel, right?

[BurtW]

I was going to do what you suggested so I tried to log on to GLBSE to get the ball rolling and found this:

GLBSE is offline

For those worried about their bitcoin, please calm yourselves there has been no hack and your coins are safe and all accounted for.

I apologize for the lack of notice and the downtime, but there isn't much choice. We will update our users on Saturday.

Drat!  How am I going to do the pro version you suggested now?

[repentance]

Drat!  How am I going to do the pro version you suggested now?

Think laterally and exploit the gap in the market by cobbling together a new exchange for junk securities before Saturday.

[Bitcoin Oz]

Drat!  How am I going to do the pro version you suggested now?

Think laterally and exploit the gap in the market by cobbling together a new exchange for junk securities before Saturday.

Sure. Or just use cryptostocks.

When you think about it its less risky to take  a loan like tis than simply borrowing bitcoins without the difficulty hedge.