Bitcoin Forum
November 24, 2017, 07:29:36 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How Does GLBSE Work?  (Read 773 times)
zdmas
Newbie
*
Offline Offline

Activity: 28


View Profile
June 14, 2011, 03:59:30 AM
 #1

Could someone in layman's terms explain how it works and how money is paid out and such? How do you know you won't get burned? How do you start a company through it? The page is a bit uninformative.
1511551776
Hero Member
*
Offline Offline

Posts: 1511551776

View Profile Personal Message (Offline)

Ignore
1511551776
Reply with quote  #2

1511551776
Report to moderator
1511551776
Hero Member
*
Offline Offline

Posts: 1511551776

View Profile Personal Message (Offline)

Ignore
1511551776
Reply with quote  #2

1511551776
Report to moderator
1511551776
Hero Member
*
Offline Offline

Posts: 1511551776

View Profile Personal Message (Offline)

Ignore
1511551776
Reply with quote  #2

1511551776
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511551776
Hero Member
*
Offline Offline

Posts: 1511551776

View Profile Personal Message (Offline)

Ignore
1511551776
Reply with quote  #2

1511551776
Report to moderator
1511551776
Hero Member
*
Offline Offline

Posts: 1511551776

View Profile Personal Message (Offline)

Ignore
1511551776
Reply with quote  #2

1511551776
Report to moderator
1511551776
Hero Member
*
Offline Offline

Posts: 1511551776

View Profile Personal Message (Offline)

Ignore
1511551776
Reply with quote  #2

1511551776
Report to moderator
Tawsix
Full Member
***
Offline Offline

Activity: 210


I have always been afraid of banks.


View Profile
June 14, 2011, 04:49:01 AM
 #2

It can be somewhat confusing at first, but once you get the CLI working it becomes pretty easy.  The main idea is that you could very well get burned, nothing is preventing someone from getting a bunch of investors to buy shares and then run.  Money is paid out through a built in function that divides the amount of money specified among shares that have been sold.  An asset can be created through the CLI as well.  Most everything you can do on the CLI is also available on the web interface.  Remember the GLBSE is still in beta and as such is still working out kinks and streamlining.  If you have any questions, Nefario is very helpful (and if you want to invest in my company, so am I Wink)

zdmas
Newbie
*
Offline Offline

Activity: 28


View Profile
June 14, 2011, 04:51:04 AM
 #3

That's an issue I had, I couldn't get the client to work. I'll try again tomorrow.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!