(GLBSE) Rating agancy formation ideas.

[El Cabron]

Hello all,

I am interested in establishing a rating agency for the stocks listed on the GLBSE stock exchange. I am interested in you ideas about what an operation should do. My first idea would be to have a check list of things that have been verified.

1. Location
2. ID of the CEO
3. Proof of possession of related assets. (stocks, commodities, mining equipment)
4. Valid encryption signatures for signed contracts.


This would also be a place to have public complaints listed about the companies listed/resolved.

Any and all ideas welcome!

Thanks

[1715537939]

1715537939

[1715537939]

1715537939

[1715537939]

1715537939

[1715537939]

1715537939

[ovidiusoft]

Some other ideas:

* previous/other businesses owned.
* legality of the business in the owner's jurisdiction (if it's legal to do such a business).
* if required, proof of incorporation, tax payments, and so on.

The last two will help assess the risks that the business is not operating legally and can be taken down without notice.

[molecular]

Nice idea!

We have learned in recent history that there can be problems with rating agencies.

They need to be independent.

Also: they can quite easily move markets and get involved in insider trading for that matter.

How would we address these problems?

[Coinbuck @ BTCLot]

Rating agencies are bad for business, look at the current economy.

They failed ...

[Coinbuck @ BTCLot]

Well I amtrying to stops clear scams like the GLBSE stock and what I assume are Ponzi's. This in the long run will help the market I think.

That's up to the consumers. This is a free market ...

[TTBit]

I have a stock in GLBSE, and think I could have raised additional funds if there was an independent site that made a few phone calls on behalf of potential investors.

* I could post an "information checked by XYZ company" on my website/signature. If XYZ adds value to my stock, I would pay for it. Similar to verisign.

A "level 2 service" could have a guarantee of some sort, where you hold some coins payable to investors in case of a scam/fraud. These funds could come from investors betting the site isn't a scam, not necessarily from the companies.

[molecular]

I have a stock in GLBSE, and think I could have raised additional funds if there was an independent site that made a few phone calls on behalf of potential investors.

* I could post an "information checked by XYZ company" on my website/signature. If XYZ adds value to my stock, I would pay for it. Similar to verisign.

A "level 2 service" could have a guarantee of some sort, where you hold some coins payable to investors in case of a scam/fraud. These funds could come from investors betting the site isn't a scam, not necessarily from the companies.

Are you aware that the GLBSE stock you hold is not backed by or controlled by GLBSE?  It is more or less a scam.

Thank you for your input about the verisign model of doing things. An interesting idea.

I think he meant he has a stock of his own listed there, not that he bought some of the fraudulent GLBSE issues. I figured this from the fact the he talks about raising more funds.