I have noticed some people attempting to start a stock and bond exchange using bitcoins.
I have also noticed a lot of ignorance at work in this department.
Exchanges are very powerful things. For instance the New York Stock Exchange is the biggest in the world. A BitCoin Exchange would not be able to compete. In my brokerage account I place a order to buy a stock with cash and then someone in Wall street buys the stock from someone else who is trying to sell the stock. They match buyers and sellers. Companies that are only listed in the NYSE are traded there. There is also already an electronic exchange called the NASDAQ. Computers are set up to exchange stock for money.
BUT what if we could trade BitCoins for stock certificates and bond certificates? This is what we are trying to accomplish. We could eliminate these transaction costs.
How do we get companies to list their stock on an exchange using bitcoins?
Can we just set up a website that uses bitcoins to buy and sell stock in these other exchanges? This is where the NICHE occurs. We could set up a website similar to E-Trade that buys and sells stock and bonds and ETFs using BitCoins. This would become amazing. It would make an instant exchange of money to stock. There is tones of waiting periods from transferring money to accounts and brokers that takes close to a week from a financial institution.
So how do we go about creating this website?
There is already many stocks and bond website. Just that, the government is closing them down one by one so you can forget about it.
Some example: Btct.co, havelock and bitfunder
