2112
Legendary
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Activity: 2128
Merit: 1065
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October 06, 2012, 08:34:52 PM |
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So, why not just comply with the SEC and make GLBSE legal? I know easier said than done, but doable, right?
Not enough: money, brains, business acumen, future revenue, etc. Not doable at all with the current executive team and the current board of directors. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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MPOE-PR
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October 06, 2012, 11:55:08 PM
Last edit: October 07, 2012, 12:27:34 AM by MPOE-PR |
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So, why not just comply with the SEC and make GLBSE legal? I know easier said than done, but doable, right?
Not enough: money, brains, business acumen, future revenue, etc. Not doable at all with the current executive team and the current board of directors. |
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repentance
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October 07, 2012, 12:15:37 AM |
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So, why not just comply with the SEC and make GLBSE legal? I know easier said than done, but doable, right?
Not enough: money, brains, business acumen, future revenue, etc. Not doable at all with the current executive team and the current board of directors. This actually applies to a lot of Bitcoin ventures offering financial products/services, not just GBLSE. |
All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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Dunster
Newbie
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Activity: 54
Merit: 0
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October 07, 2012, 01:17:37 AM |
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It's the offering of securities to Americans that triggers SEC jurisdiction. The offeror has to comply with US law to do that. Many of the GLBSE listed "companies" are in the United States. GLBSE itself is hosted in Portugal, not China. Portugal is part of the European Union, and so the common European regulations on securities, enforced by the European Securities and Markets Authority, apply. I guess this means that the next innovation in self clearing of electronic securities will be happening outside of the US and EU. And, hopefully this innovation can break the monopoly of DTC http://www.dtcc.com/. The future holds self offering , buying, selling and clearing of shares with no corporations just stakeholders in ideas and projects.  |
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markm
Legendary
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Activity: 2940
Merit: 1090
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October 09, 2012, 08:21:27 AM |
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The investment club sounds like it might work for Moderately Multiplayer online games, though creating networks of such entities that between them accomodate many more people than the 100 maximum any one of them needs to restrict itself to could be tricky.
The matter of having passive members is often built into even to simple PHP-using-MySQL web based games, in the automatic removal of idle players. Fail to play for some number of days and poof, you are no longer a player thus if the game is to be construed as an investment club you are no longer a member of the club.
Take a simple often-cloned game idea such as "O-Game clones" such as 2Moons, XNova, Xnova Redesigned and suchlike.
Each player chooses whether to "invest" in power plants, metal mines, crystal mines, deuterium sythesisers, defenses, attack fleets, cargo fleets and so on. They are not even forced to all "invest" in a co-ordinated way, they can all individually choose different "investments"...
-MarkM-
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Desolator
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October 11, 2012, 01:22:21 PM |
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So, why not just comply with the SEC and make GLBSE legal? I know easier said than done, but doable, right?
Yeah, they should really do that before someone from the government shuts them down...oh wait!  |
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