Alternate blockchains as stocks

[Max Stirner]

Maybe I haven't got the way GLBSE operates right, but what if the GLBSE site gets shut down,
will then all my stocks become worthless?  I mean the whole structure of our bitcoin economy should
be in my opinion as decentralized as possible. So, I as an investor should in theory be able to
trade stocks from a company with any individual on any market. It came to my mind, that with the
bitcoin protocoll we have already a tool to generate stocks. Let me explain: let's say you  have
the fantastic idea to start a bitcoin cam site and you already own some ressources but you need some funding. So why not start a alternative blockchain like bitcamcoins. You mine all the coins in advance
(or the most part of it, could also workout, i am not sure) and sell the bitcamcoins for a fixed price for
bitcoins to your investors. When your company makes some profit, you offer to buy back the bitcamcoins
for a higher price in bitcoins. The investors on the other side could trade the bitcamcoins on markets like GLBSE or directly with other individuals. This would reduce the vulnerability of the bitcoin economy.

What do you think?

[1715682885]

1715682885

[1715682885]

1715682885

[1715682885]

1715682885

[repentance]

Maybe I haven't got the way GLBSE operates right, but what if the GLBSE site gets shut down,
will then all my stocks become worthless?  I mean the whole structure of our bitcoin economy should
be in my opinion as decentralized as possible. So, I as an investor should in theory be able to
trade stocks from a company with any individual on any market. It came to my mind, that with the
bitcoin protocoll we have already a tool to generate stocks. Let me explain: let's say you  have
the fantastic idea to start a bitcoin cam site and you already own some ressources but you need some funding. So why not start a alternative blockchain like bitcamcoins. You mine all the coins in advance
(or the most part of it, could also workout, i am not sure) and sell the bitcamcoins for a fixed price for
bitcoins to your investors. When your company makes some profit, you offer to buy back the bitcamcoins
for a higher price in bitcoins. The investors on the other side could trade the bitcamcoins on markets like GLBSE or directly with other individuals. This would reduce the vulnerability of the bitcoin economy.

What do you think?

Why bother with an alt blockchain at all when you could just sell shares/bonds which can also be traded or bought back by the issuer?  How does adding an additional layer of complexity benefit anyone, especially given how alt blockchains tend to pan out?  For that matter, why not use something like Kickstarter to raise start-up funds?

[Max Stirner]

Why bother with an alt blockchain at all when you could just sell shares/bonds which can also be traded or bought back by the issuer?  How does adding an additional layer of complexity benefit anyone, especially given how alt blockchains tend to pan out?  For that matter, why not use something like Kickstarter to raise start-up funds?

A blockchain is a standardized protocol. Shares/Bonds dont have a standard (yet). If you trade shares,
you still have to protect yourself from someone who is selling you fake shares.
And with a share being a digital currency, you could sell your shares on different websites.
As far as I can see right now it is the stock exchange like GLBSE that defines the standard of a share/bond.
And if this is the case, then the whole economy depends on wether the  GLBSE website is working or not.
And about Kickstarter, well crowdfunding is great, but this is another issue. Because
a crowdfunder doesnt invest, but rather donates. The investor wants to OWN his investment.

[MoneyIsDebt]

I think Open Transactions can do this

[Vernon715]

It seems like a good idea... It may be overly complex for your average user.