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

[Cryptostocks]

https://cryptostocks.com is a new Bitcoin, Devcoin and Litecoin denominated crowdsourcing/project funding platform.

Features:
 - familiar Bootstrap based layout
 - list projects (similar to securities/bonds) denominated in either Bitcoins, Devcoins or Litecoins
 - underwrite or buy options (Calls, Puts)
 - place time limited buy or sell orders
 - two factor authentication (Yubikey)
 - offline storage of shares
 - request for votes triggered by security issuer
 - announcements/news by security issuer
 - share transfer from user to user directly
 - rating of project adherence to the contract
 - Trade-In possibility
 - API
 - Twitter trading feed
 - email notifications on trades and dividends
 - Multilanguage (English, German)
 - Low fees:
      0 fee on coin withdrawals
      0.15% trading fee


Coming soon:
- full tading API
- further language translations

Should you notice any bugs or have any suggestions or recommendations, then contact us at customerservice@cryptostocks.com

[Coinbuck @ BTCLot]

First get a real SSL certificate. You're using a self signed cert that will only work in localhost.localdomain.

Just don't force SSL if you don't have a valid certificate.

Regards,

[Cryptostocks]

Ofcourse the proper SSL certificate will be installed before the Exchange starts trading.

[Coinbuck @ BTCLot]

Ofcourse the proper SSL certificate will be installed before the Exchange starts trading.

Then don't redirect http requests to https since the certificate is invalid.

Regards,

[mollison]

The most important question: who are you and why should anyone trust you?

One comment: The site looks too similar to GLBSE to me for comfort. I would not call that a red flag, but maybe a yellow one.

I find the blossoming bitcoin financial sector to be fascinating, so best of luck.

[Cryptostocks]

It seems that more and more pages are using Bootstrap and hence they seem to look more and more alike. I see this as a positive thing, as users are confronted with a similar GUI but it takes away a large part of the unique look.

Who are we? Cryptostocks is run by the same group of people who run https://vircurex.com. As such I believe we have proven over the past 9 months that we are running a secure and sound business and earned the trust of our customers.

[Bitcoin Oz]

Its almost a direct copy of glbse....

[mollison]

It seems that more and more pages are using Bootstrap and hence they seem to look more and more alike. I see this as a positive thing, as users are confronted with a similar GUI but it takes away a large part of the unique look.

Ah, well, that completely nullifies my concern there. I was not aware of Bootstrap. I may have to use that myself for an upcoming project, actually.

Who are we? Cryptostocks is run by the same group of people who run https://vircurex.com. As such I believe we have proven over the past 9 months that we are running a secure and sound business and earned the trust of our customers.

I haven't been paying close attention to things aroung here for too long, so I haven't personally heard of vircurex. Is there a forum thread here about it?

[Sukrim]

Too much JavaScript for my taste, I can't even navigate the tabs on https://cryptostocks.com/securities/2 without JS.

Double the trading fees compared to GLBSE, a signup fee(!), easy to spam assets (1 BTC instead of 8 BTC), no kind of imprint (I want RL names + addresses of the operators!), no terms...

Anyways, let's see what comes out of this, but I fear there will be a LOT of spam and scams, just like on GLBSE 1.0.

[Ben Walsh (beamer)]

I'm all for competition but someone with less than double digit posts has an awful lot of trust building to do before they can reasonably expect anyone to risk investing through their platform.

You got the approach with fee structure correct unlike other competitor exchanges - no "joining fee". However, you seem to have made a mistake with your fees too ...

Every one of them is greater than the equivalent fee on GLBSE (https://glbse.com/portfolio/fees) and you charge fees for services that GLBSE doesn't.
Clearly GLBSE is the major player in this market, so your fees have to be very similar or your service needs to offer something significant that GLBSE does not - so what do you offer that warrants that differential ?

https://cryptostocks.com is a new Bitcoin denominated Stock Exchange. The Exchange is in the final stages of development and targeted to be released on 29th June, sometime around 4PM UTC.

In the meanwhile feel free to test out the current deployed version, list a security, issue shares, trade, pay dividends. All the accounts created come with a credit of 1000 BTC. Obviously you cant withdraw them. Needless to say that on the day we activate the Exchange all data will be reset but you get to keep your account.

Should you notice any bugs or have any suggestions or recommendations, then contact us at customerservice@cryptostocks.com

[Tachikoma]

Tried a couple of easy exploits but couldn't find anything exploitable. I can pay dividends for projects that are not mine though (https://cryptostocks.com/securities/3/dividends has a "Pay dividend" button but it's not my project). Either I broke: https://cryptostocks.com/securities/index_shares or it is broken for everybody.

Will update if I find anything else.

[Cryptostocks]

Every one of them is greater than the equivalent fee on GLBSE (https://glbse.com/portfolio/fees) and you charge fees for services that GLBSE doesn't.
Clearly GLBSE is the major player in this market, so your fees have to be very similar or your service needs to offer something significant that GLBSE does not - so what do you offer that warrants that differential ?

I appreciate the feedback on the fees. We'll tweak them before activating the exchange. We'll scrap the one or other fee and reconsider the others. The difficult part is to balance the risk of spamming (fees to low) and hindering legitimate businesses (too high fees).

Number of posts:
The account "Cryptostocks" was created to handle all Cryptostocks related communication. The exchange is only about to start up so it'll be difficult to show large post numbers.

Why Cryptostocks?
Competition is good, the user will have a choice and the exchanges have to up their service performance, portfolio and customer service.
As far as our planning is going: Our next release will cover topics such
 - multiple languages (Chinese, German, etc.)
 - multiple crypto currency support (Devcoin, Litecoin, Linden Dollar, etc)
 - stop orders
 - and of course we are always looking for input from the community for other features worthwhile implementing

[Cryptostocks]

Tried a couple of easy exploits but couldn't find anything exploitable. I can pay dividends for projects that are not mine though (https://cryptostocks.com/securities/3/dividends has a "Pay dividend" button but it's not my project). Either I broke: https://cryptostocks.com/securities/index_shares or it is broken for everybody.

Will update if I find anything else.

You are right, the pay dividend button was displayed wrongly, though the actual payment was technically not possible. It has been fixed.

Feel free to further try to break the application and let us know what you find.

[Ben Walsh (beamer)]

Fantastic news. I would be willing to switch from glbse with a superior range of order support particularly expiration, max and min etc ...

My only concern is trust. It will take time to earn that through demonstrated good CS, reliability etc ...

Have you considered escrow of a contingency fund of a relative size to that being traded. Lodging funds with someone trusted already and demonstrably held, would be good.

[Cryptostocks]

We have completed our testing and made adjustments to the fee structure based on the previous feedback.

The Exchange is now open for business.

Feel free to drop us a line or reply here on any comments for improvements or suggestions.

[starsoccer9]

Im considering putting my business up there but my main concern is that there are no sercrites right nowand dont want to pay 10btc and then have the site default

[HorseRider]

can you provide option trading? there are people wanna bet the bitcoin price, and buy some options. 

And there are no bitcoin future markets around. Whether you can invent some future contract for bitcoiners?

[Cryptostocks]

We have launched this site just hours ago. Attracting business is a prime focus of ours. Let me assure you that we are here to stay. We have launched Vircurex.com sometime in October last year and have been offering uninterrupted services to our customers ever since, Vircurex will be vouching for the continuing service of Cryptostocks. Our intentions are to contribute to the Bitcoin economy.

I understand that being the first to list on our Exchange is a leap of faith. So let me put forward the following proposal:
 - First 10 securities who sell their shares in value of 100BTC will get their registation fees of 10BTC reimbursed.

In addition to that we will be offering:
 - 100% reimbursing the registration fees (10BTC) for securities that are listed before 1. August 2012 and who show a 30d Bitcoin Trading Volume on 1st September 2012 of at least 200BTC.

Obviously the two offers cannot be combined.

Cryptostocks.com is here to stay, we'll be constantly developing further features, support other cryptocurrencies, other languages and much more. Check out our "Developer's Log" for more information.
 

[Cryptostocks]

can you provide option trading? there are people wanna bet the bitcoin price, and buy some options. 

And there are no bitcoin future markets around. Whether you can invent some future contract for bitcoiners?

If you are looking for issuing options on the value of Bitcoins then checkout https://vircurex.com. We offer a feature to issue Options.  If you are referring to options on securities listed then yes we'll add this to our planned features. Check out our "Developer's" log for details on what we are working on.

 

[Tril]

What verification has been done on the 1 company listed so far? How do we know it's trustworthy?