Can we get a financial securities feature added to Bitcoin?

[Jon]

GLBSE is doomed to fail in its current form. The solution to the desire of a decentralized stock market is simple: either make a blockchain or blockchains for financial securities or associate securities with a unit in the blockchain.

Why Nefario thought it was ideal to have all the stocks in his control is beyond me.

So, how could we inject a securities feature in Bitcoin?

[MacRohard]

GLBSE is doomed to fail in its current form. The solution to the desire of a decentralized stock market is simple: either make a blockchain or blockchains for financial securities or associate securities with a unit in the blockchain.

Why Nefario thought it was ideal to have all the stocks in his control is beyond me.

So, how could we inject a securities feature in Bitcoin?

This questions comes up every few months. You can't. There is no point in storing the securities in a block chain because ultimately they are controlled by the issuer (company) in question.

The only reason it works for bitcoins is because bitcoins basically aren't tied to anything in the real world, they only exist in the block chain.

Shares in a company are tied to the company. The company may as well maintain their own centralized share holder register because if they're going to defraud you then they're going to defraud you anyway so you might as well trust them to maintain the register too.

[Jon]

GLBSE is doomed to fail in its current form. The solution to the desire of a decentralized stock market is simple: either make a blockchain or blockchains for financial securities or associate securities with a unit in the blockchain.

Why Nefario thought it was ideal to have all the stocks in his control is beyond me.

So, how could we inject a securities feature in Bitcoin?

This questions comes up every few months. You can't. There is no point in storing the securities in a block chain because ultimately they are controlled by the issuer (company) in question.

The only reason it works for bitcoins is because bitcoins basically aren't tied to anything in the real world, they only exist in the block chain.

Shares in a company are tied to the company. The company may as well maintain their own centralized share holder register because if they're going to defraud you then they're going to defraud you anyway so you might as well trust them to maintain the register too.

The goal is to make the securities untouchable by the authorities and still publicly tradeable.

[MacRohard]

GLBSE is doomed to fail in its current form. The solution to the desire of a decentralized stock market is simple: either make a blockchain or blockchains for financial securities or associate securities with a unit in the blockchain.

Why Nefario thought it was ideal to have all the stocks in his control is beyond me.

So, how could we inject a securities feature in Bitcoin?

This questions comes up every few months. You can't. There is no point in storing the securities in a block chain because ultimately they are controlled by the issuer (company) in question.

The only reason it works for bitcoins is because bitcoins basically aren't tied to anything in the real world, they only exist in the block chain.

Shares in a company are tied to the company. The company may as well maintain their own centralized share holder register because if they're going to defraud you then they're going to defraud you anyway so you might as well trust them to maintain the register too.

The goal is to make the securities untouchable by the authorities and still publicly tradeable.

The 'companies' underlaying the 'securities' are not untouchable, so the securities won't be either. If the company founders all get arrested and the company's assets sold off at government auction it doesn't make a damn bit of difference that some entry in a blockchain somewhere says you own some part of it. If the company maintains it's own shareholder register then it seems reasonable that it will be about as secure as the company itself - which is basically what you want.

[Jon]

I see. Thanks for clearing things up.