"What BTC Global has done is set up a pre-IPO auction. They are selling 6% of their equity, which is something they can only do because they’re in Uruguay."
Who writes this gibberish? What, exactly, is the pre-IPO equity of a company which is raising capital by selling its pre-IPO equity? If you can't understand the previous sentence, I've done my job.
If I start Sandbox Tycoon LLC, and convince my mom to buy .01% in a pre-IPO offering for $100, is Sandbox Tycoon now worth a cool mil?
Topic: 2013-06-10 Coindesk - End of MtGox, future of BTC exchanges? - page 2. (Read 2925 times)
How in the world is this a "great article?"
I'm with this poster:
I'm looking forward to hearing more about their system, but as far as articles go, this was done by a total noob with no journalistic integrity at all.
I'm with this poster:
Quote from: commenter Randall Smith on that page
Did you really have to let the subject of the article write the article here? That's the most inflammatory title ever written in the history of bitcoin, and then there is sooooooooo little news in it... This article is 99% sales pitch!
We don't even learn any of the important questions about BTCGlobal like if it's software is distributed with no CPOF (Central Point of Failure), if it's open source, and of course how BTCGlobal plans to profit from this venture!
I distrust Ripple to the core, but I can't see one thing about BTCGlobal from this article that makes this any more honest than them. Seriously, this is some guiness-record-book lazy journalism!
We don't even learn any of the important questions about BTCGlobal like if it's software is distributed with no CPOF (Central Point of Failure), if it's open source, and of course how BTCGlobal plans to profit from this venture!
I distrust Ripple to the core, but I can't see one thing about BTCGlobal from this article that makes this any more honest than them. Seriously, this is some guiness-record-book lazy journalism!
I'm looking forward to hearing more about their system, but as far as articles go, this was done by a total noob with no journalistic integrity at all.
Quote
Great article 
+1 
http://www.coindesk.com/end-of-mt-gox-future-of-btc-exchanges-an-interview-with-btc-globals-steven-morrell/
Quote
If you’re not a fan of Mt.Gox, hold on tight, because one new startup is about to change the world of Bitcoin forever – hopefully. On June 5th BTC Global – a Uruguay-based Bitcoin startup – released an exciting press release announcing their Massive Parallel Licensing program. Initially, the press release stated that BTC Global has developed a distributed solution to address the regulatory challenges facing Bitcoin adoption in the United States and throughout the world. However, there has been some inherent buzz about this, people are really not as excited about the potential implications of this news as they should be. Not only could this be the end of Mt.Gox, it could be the dawn of a brand new Bitcoin age – the one we’ve all been speculating about from the start.
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