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Author Topic: How Does GLBSE Work?  (Read 743 times)
zdmas
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June 14, 2011, 03:59:30 AM
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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.
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June 14, 2011, 04:49:01 AM
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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)

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June 14, 2011, 04:51:04 AM
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That's an issue I had, I couldn't get the client to work. I'll try again tomorrow.
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