Cryptostocks - BTC,DVC,LTC denominated Stock Exchange/Crowdfunding Platform

[MPOE-PR]

My first thought is, yes, lets get it implemented, any thoughts from the community?

MPEx had free of charge transfers since day one, we never noticed a problem with it. Must have option as it were.

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[Kumala]

Its already implemented, though not free.

[RandomQ]

This is the time for Cryptostocks to really shine, Great work on improving the exchange.
I see alot of new business coming to the exchange soon.

[MPOE-PR]

Its almost a direct copy of glbse....

No, actually, it's a lot better in pretty much every respect. For one, pages load within a second. For another, information is rationally & conveniently presented, there's trade history for instance.

Some day/week/month averages would probably help.

[Cryptostocks]

New functionality release today: Offline Shares.

Objective: 
 - Store your share's offline and protect them in case of a compromised account, while still receiving dividends
 - In the future this feature can be integrated with other exchanges to allow movement of shares from one platform to another

[Uglux]

This is awesome.

[Cryptostocks]

Thinking of implementing multi-currency dividend payments, in other words, a LTC listed security could pay out its dividends in BTCs or DVC.

Is such a feature of interest?

[drekk]

Great to see the exchange improve and grow.
Keep up the good work!

  ~drekk~

[rlh]

Thinking of implementing multi-currency dividend payments, in other words, a LTC listed security could pay out its dividends in BTCs or DVC.

Is such a feature of interest?

Yes! Also, second-sale of securities in other currencies.  I know of quite a few people who want to buy MLAF stock, but they'd like to buy in SLC, instead of BTC.

[rlh]

One more thing, your shares that you own in "offsite" mode. Are they divisible, or are all your shares withdrawn as one "fund" and restored as such?

I ask because as I just mentioned, some other people would like to buy shares in SLC.  I can buy shares (from my personal account) and sell them in SLC if that's the case.  I don't, however, want to sell all of my shares to just one person.

[drekk]

Thinking of implementing multi-currency dividend payments, in other words, a LTC listed security could pay out its dividends in BTCs or DVC.

Is such a feature of interest?

Yes! Also, second-sale of securities in other currencies.  I know of quite a few people who want to buy MLAF stock, but they'd like to buy in SLC, instead of BTC.

Now before more people start stepping up with endless "Hey... what about adding <my_fav_crypt_curr>, too?" posts: Why not simply mirror Vircurex and the currencies traded there? You're already dealing with them and it might drive some traffic from CS over to VCE and vice versa if implemented nicely.

Just make sure CS keeps its focus on being a stock exchange.

[JWU42]

With the recent happenings plan to follow more closely...

[burnside]

In light of the recent GLBSE debacle, I have some questions that I suspect need to be answered before anyone continues to use the exchange.

1) Where is Cryptostocks registered as a business.

2) Where are the Cryptostocks servers located?  (Cursory search says Texas, USA)

3) Who is actually operating Cryptostocks?  (I can understand if you do not want to answer this, however people should know if you are not willing to reveal the identity of your CEO.)

4) Under what regulatory body does cryptostocks operate?  (List here: http://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country)

5) How is cryptostocks helping its Asset Issuers comply with their local laws?  Are you giving them even a cursory warning "Issuing Securities is illegal without registration in most countries." ?

Thanks!

[gweedo]

1) Where is Cryptostocks registered as a business.

2) Where are the Cryptostocks servers located?  (Cursory search says Texas, USA)

4) Under what regulatory body does cryptostocks operate?  (List here: http://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country)

those questions aren't going to be answered cause they obviously aren't registered, server location doesn't matter, and when you deal in currencies that have are not backed by any government or one entity you don't have a regulatory authority.

[burnside]

1) Where is Cryptostocks registered as a business.

2) Where are the Cryptostocks servers located?  (Cursory search says Texas, USA)

4) Under what regulatory body does cryptostocks operate?  (List here: http://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country)

those questions aren't going to be answered cause they obviously aren't registered, server location doesn't matter, and when you deal in currencies that have are not backed by any government or one entity you don't have a regulatory authority.

I hope that's not an official response.  It is incorrect to assume that using an alternate currency gets you out of any form of regulation, and if you do make that assumption you're just asking for another GLBSE debacle.

You might be able to set something up outside the reach of the USA and the SEC to buy yourself some time.  I find it highly unlikely however that you will be able to evade securities regulations forever in whatever country you may reside.  As you saw in the page I linked, there are few countries without strict regulation around securities.

Cheers.

[gweedo]

1) Where is Cryptostocks registered as a business.

2) Where are the Cryptostocks servers located?  (Cursory search says Texas, USA)

4) Under what regulatory body does cryptostocks operate?  (List here: http://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country)

those questions aren't going to be answered cause they obviously aren't registered, server location doesn't matter, and when you deal in currencies that have are not backed by any government or one entity you don't have a regulatory authority.

I hope that's not an official response.  It is incorrect to assume that using an alternate currency gets you out of any form of regulation, and if you do make that assumption you're just asking for another GLBSE debacle.

You might be able to set something up outside the reach of the USA and the SEC to buy yourself some time.  I find it highly unlikely however that you will be able to evade securities regulations forever in whatever country you may reside.  As you saw in the page I linked, there are few countries without strict regulation around securities.

Cheers.

If any virtual currency is shutdown, then blizzard, second life, and facebook, wouldn't be able to use virtual currencies so there are no regulations believe me. Until there is a case, that is the way it is. I am not with cryptostocks in any way.

[Cryptostocks]

In light of the recent GLBSE debacle, I have some questions that I suspect need to be answered before anyone continues to use the exchange.

1) Where is Cryptostocks registered as a business.

No it is currently not incorporated, we are evaluating possible locations which allow a platform such as ours.

In light of the recent GLBSE debacle, I have some questions that I suspect need to be answered before anyone continues to use the exchange.
2) Where are the Cryptostocks servers located?  (Cursory search says Texas, USA)

Currently in the USA but the server will be moved out of USA coming weekend or the weekend after, i.e. there will be a short downtime of an hour or so while the we move the database. Further announcements will be put on the webpage. This is being doing this purely out of precaution and none of us is US citizen nor do we live in the US.

In light of the recent GLBSE debacle, I have some questions that I suspect need to be answered before anyone continues to use the exchange.
3) Who is actually operating Cryptostocks?  (I can understand if you do not want to answer this, however people should know if you are not willing to reveal the identity of your CEO.)

More to this after we have solved 1.

In light of the recent GLBSE debacle, I have some questions that I suspect need to be answered before anyone continues to use the exchange.
4) Under what regulatory body does cryptostocks operate?  (List here: http://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country)

More to this after we have solved 1.

In light of the recent GLBSE debacle, I have some questions that I suspect need to be answered before anyone continues to use the exchange.
5) How is cryptostocks helping its Asset Issuers comply with their local laws?  Are you giving them even a cursory warning "Issuing Securities is illegal without registration in most countries." ?

We will not make any statements whether or not it is allowed to use our platform in the country of residence/citizenship of each of the users. That will remain the user's responsibility to check. We will be putting up a noticeable disclaimer on the login as well as the registration page.

[Cryptostocks]

In response to the increased LTC/USD price we have reduced the fees for listing LTC denominated projects to 500 LTC. If you come up with a non-pass through and non-financial related listing, contact me, I might even be waiving the listing fee for you.

[Cryptostocks]

New feature released: Trade-In.

This feature allows you to offer trade-in for securities that you issued, i.e. offering special pricing for your existing shareholders to migrate to your other security. E.g. you have an existing GPU based mining farm listed, now you issue a new security that focuses on ASIC mining, this feature would allow you to do something like this:
   Buy 1 ASIC share for 1BTC by trading in 1 GPU share.
While selling your shares for e.g. 1.5 BTC to people who have no shares yet.

The feature allows the share issued to define:
 - max number of shares that are allowed to be traded in
 - max number of shares per shareholder allowed to be traded in

[Cryptostocks]

Two more API calles released:
  - get_orderbook
  - get_history_last_50

See https://cryptostocks.com/api for the details.

Coming soon, full trading API.