Bitcoin Forum
March 29, 2024, 01:39:50 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: [1] 2 »  All
  Print  
Author Topic: Will GLBSE ever be lowering its prices?  (Read 5042 times)
John S. (OP)
Newbie
*
Offline Offline

Activity: 27
Merit: 0



View Profile
May 07, 2012, 02:55:36 AM
 #1

I wanted to create several futures for minor commodities and events but I can't justify it at $40 per contract.

Will there ever be a lower cost?
Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711676390
Hero Member
*
Offline Offline

Posts: 1711676390

View Profile Personal Message (Offline)

Ignore
1711676390
Reply with quote  #2

1711676390
Report to moderator
Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1015



View Profile
May 07, 2012, 03:00:19 AM
 #2

$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue
Nefario
Hero Member
*****
Offline Offline

Activity: 602
Merit: 512


GLBSE Support support@glbse.com


View Profile WWW
May 07, 2012, 03:05:26 AM
 #3

I think that if 8BTC is too much for what you're doing (i.e. it will effect the bottom line of your operation), then I think you'd be better suited to doing it privately, you don't really have need for using GLBSE(i.e what you're doing is small enough to be funded by only a few people).

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
John S. (OP)
Newbie
*
Offline Offline

Activity: 27
Merit: 0



View Profile
May 07, 2012, 03:05:55 AM
 #4

$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?
Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1015



View Profile
May 07, 2012, 03:08:51 AM
Last edit: May 07, 2012, 10:11:19 AM by Kluge
 #5

$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?
That's pretty much how it was before it was taken over. [my bad -- see below] You'd have about a 50/50 chance of investing in a scam if you picked a security at random.
ColdHardMetal
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile
May 07, 2012, 03:09:32 AM
 #6

$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?

In the past when costs were lower there were a large number of scams, as the barrier to entry to being listed was too low. It didn't take very many BTC/share sales for a scam to be profitable to run.

ColdHardMetal
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile
May 07, 2012, 03:10:15 AM
 #7

$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?
That's pretty much how it was before it was taken over. You'd have about a 50/50 chance of investing in a scam if you picked a security at random.

GLBSE has never been taken over. It's the same group behind it today as at it's initial genesis.

John S. (OP)
Newbie
*
Offline Offline

Activity: 27
Merit: 0



View Profile
May 07, 2012, 03:13:25 AM
 #8

I see no problem with people losing their money when they didn't verify the security creator's credibility.

Anyways, thank you.
Nefario
Hero Member
*****
Offline Offline

Activity: 602
Merit: 512


GLBSE Support support@glbse.com


View Profile WWW
May 07, 2012, 03:18:59 AM
 #9

That's pretty much how it was before it was taken over.

It's always been the same people running GLBSE, what has changed is the way we ran it (our original experiment failed and the first version of GLBSE became a wasteland).

A bitcoin stock market was something really new and untested when we started, and our dream was to have an anonymous funding ecosystem where people used keys to access their account. Sadly the result of all this was a scamfest and a huge number of people losing their keys.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1006

Let's talk governance, lipstick, and pigs.


View Profile
May 07, 2012, 03:38:29 AM
 #10

I must say, GLBSE seems much improved. I am developing some businesses and am likely to use GLBSE when I need extra capital to take them to the next level.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
sunnankar
Legendary
*
Offline Offline

Activity: 1031
Merit: 1000



View Profile WWW
May 07, 2012, 03:44:31 AM
 #11

I must say, GLBSE seems much improved. I am developing some businesses and am likely to use GLBSE when I need extra capital to take them to the next level.

I like the current incarnation of GLBSE and can see it developing into a great pillar for the BitCoin community. I think 8BTC may be a little too low. And it may even be good to add something like an escrowed amount to raise the barrier to creating assets so that a potential scam artist has more to lose and thus a lower ROI .... not that that has stopped Wall Street though.

Sukrim
Legendary
*
Offline Offline

Activity: 2618
Merit: 1006


View Profile
May 07, 2012, 09:38:40 AM
 #12

$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?
Hundreds of new contracts per week on https://glbse.com/assets? Just because 3 nerdy kids somewhere want to split their lunch money evenly?! Even though I don't want to pay the 8 BTC fee either, I perfectly understand why it's there and hope Nefario makes a good cut from it.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
ElectricBrain
Newbie
*
Offline Offline

Activity: 34
Merit: 0


View Profile
May 07, 2012, 01:29:56 PM
 #13

8BTC to IPO a company or security?

Nefario pretty much nailed it. If $40 is preventing you from going public, you're doing it wrong.
Raize
Donator
Legendary
*
Offline Offline

Activity: 1419
Merit: 1015


View Profile
May 07, 2012, 07:31:22 PM
 #14

Is the $40 something you have to pay every time you issue or buy-back shares? I was considering running a Silver ETF/ETN and may need to issue or buy-back shares in order to keep it close to the price of silver. A $40 fee every time could be a problem.
Nefario
Hero Member
*****
Offline Offline

Activity: 602
Merit: 512


GLBSE Support support@glbse.com


View Profile WWW
May 07, 2012, 08:26:29 PM
 #15

Is the $40 something you have to pay every time you issue or buy-back shares? I was considering running a Silver ETF/ETN and may need to issue or buy-back shares in order to keep it close to the price of silver. A $40 fee every time could be a problem.

No it's only for listing a new asset.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1063


Gerald Davis


View Profile
May 07, 2012, 08:41:04 PM
 #16

An IPO on a major market costs tens of millions of dollars.  An IPO on pinksheets is hundreds of thousands of dollars.

Simply put if $40 is a barrier then you likely shouldn't be using the tool.

It would be like saying $40 driver's license is a barrier to entry for automobiles.  If only driver's licenses were $10 we would sell so many more cars (implied that is the only thing holding a consumer back).
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1288
Merit: 1225


Away on an extended break


View Profile
May 08, 2012, 04:44:38 AM
 #17

An IPO on a major market costs tens of millions of dollars.  An IPO on pinksheets is hundreds of thousands of dollars.

Simply put if $40 is a barrier then you likely shouldn't be using the tool.

It would be like saying $40 driver's license is a barrier to entry for automobiles.  If only driver's licenses were $10 we would sell so many more cars (implied that is the only thing holding a consumer back).

This.
xkrikl
Full Member
***
Offline Offline

Activity: 159
Merit: 100


View Profile
May 08, 2012, 08:47:59 AM
 #18

I think that 8 BTC for IPO is very low.
On the other hand I find 1% (50 BP + 50 BP) trading fee as very high.
Week or so ago it was still reasonable 0.5% (50 BP + 0 BP) and then it was promised to be 0.8% (40 BP + 40 BP) with GUI upgrade ...
I see that low liquidity is now even lower and making 1% on price changes now means that you only sposored GLBSE. :-(
Sukrim
Legendary
*
Offline Offline

Activity: 2618
Merit: 1006


View Profile
May 08, 2012, 11:09:48 AM
Last edit: May 08, 2012, 11:20:23 AM by Sukrim
 #19

Am I blind or something?! Where do I find the current fees charged if I'm logged in on GLBSE?

It's not in "Terms", on "Transfer" there's only the fee for transfers and anywhere else I've looked I didn't find anything...

Edit: Ok, right after posting this, I found it...  Lips sealed
The only way to see the fees is if you already intend to buy something and go on an asset page. If you want to check the fees first you can be as lost as me.
Also - 0.4% fees were announced, 0.5% fees implemented. That's a 25% increase(!) - why try to kill the liquidity that anyways is the thing that generates income and is most needed on GLBSE atm in my opinion?

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
Nefario
Hero Member
*****
Offline Offline

Activity: 602
Merit: 512


GLBSE Support support@glbse.com


View Profile WWW
May 08, 2012, 02:09:59 PM
 #20

Am I blind or something?! Where do I find the current fees charged if I'm logged in on GLBSE?

It's not in "Terms", on "Transfer" there's only the fee for transfers and anywhere else I've looked I didn't find anything...

Edit: Ok, right after posting this, I found it...  Lips sealed
The only way to see the fees is if you already intend to buy something and go on an asset page. If you want to check the fees first you can be as lost as me.
Also - 0.4% fees were announced, 0.5% fees implemented. That's a 25% increase(!) - why try to kill the liquidity that anyways is the thing that generates income and is most needed on GLBSE atm in my opinion?

No it's actually 0.5% fee, I've only implemented it and not announced but we've added maker taker.

Those who make orders that goes on the orderbook (i.e. are not taken up by another order) pay 0%, those who take orders (i.e. they make an order which takes up other orders) pay 0.5%

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!