Topic: TYGRR.* assets on GLBSE delisted. - page 14. (Read 33293 times)

In a nutshell, yes.

A pink sheets otc market is people who are  brokers trading amongst each other. It is not the general public trading shares. Its the same reason you need a share broker to trade on any stock exchange. You can have either ones who provide advice or ones who just do the buying for you without providing advice. A broker that provides financial advice as well needs a whole other level of registration and regulation.

Glbse could be a registered company and have stockbrokers who dont offer any financial advice they just buy the shares on offer. And theres is fuck all the SEC can do about it, since they allow pink sheets.

Does this mean that unlike the proliferation of forex sites, there are no sites I can go to and just buy myself some stocks/shares without having to get ahold of a broker in chat or email or something and chat with the broker about my needs so the broker can decide whether they consider me a fit person to sell stocks to?

I do like the idea of brokers actually as a person who runs one or more Open Transactions servers. It seems to me it would be great to have brokers to point at any time anyone claims Open Transactions is "not for grandmothers" and tell them hey go get one of those brokers in videochat tell them what you want send them money and whether they use Open Transactions or the New York Stock Exchange or the Toronto Stock Exchange or an Excell spreadsheet is all on their side not yours, you just talk to the nice broker and dont' worry your head about those kinds of details...

-MarkM=

I tend to avoid commenting on emotion loaded threads such as this, because hardly ever anything good comes from it. Nevertheless, as Cryptostocks was refered to several times, it's time to speak up.

Our concept is to have as little regulation as necessary on security listings, other than legality of the business model (drugs, weapons, etc. or for obvious reasons not allowed). It shouldn't be the Exchange's responsibility to judge financial viability of securities. It's the investor's right and obligation to do so, it's the investors decision in what he wants to invest it, it's the investors decision on whom to trust and whom not to trust. A verification system with various levels is available for each and every security issuer to choose from. If you don't want to be verified, then don't, but this is transparent to the community. Going forward we'll put in a rating system that highlights if or not a security is currently in violation of its contract terms, i.e. its not to be considered a buying or selling recommendation but merely another indicator to consider in the investor's decision making process.

The "no interest" is in respect to "take all securities that get bumped of GLBSE". Before we mass migrate securities, I'ld like to get a better understanding on why they are being delisted. If it is only about ToS and verification, then those securities are more than welcome, if it is about proven ponzi schemes and frauds, then needless to say that Cryptostocks doesn't want them either.
As I mentioned above, in general anyone is welcome to list a security. If you need a new home for your security, contact me and I am sure we (Cryptostocks, GLBSE and the security issuer) can work out a workable solution in the interest of the shareholders.

https://dvc-lotto.com (sorry, couldn't resist putting the link here) is as much licensed as probably almost all other Bitcoin gambling and lottery related sites. The difference is that we don't run our own random generator (which is for obvious reasons prone to criticism) but use the output of the German lottery system as the our lottery result input. Neither us nor our hosting equipment is located in Germany (not even Europe) as such most likely not of interest to German authorities. On what ground would they be? Because we use their lottery numbers?

A pink sheets market is possible with bitcoin but you need qualified financial brokers doing it not the general public, since only qualified financial advisors can hold stock broking licenses. You cant sell shares directly to the public as all of the bitcoin stock exchanges currently do and this is where the problem begins.

+1

The big difference? Mircea's & MPOE-PR's behaviours don't affect the amount of money I make, nor the value of the assets I'm holding. On multiple occasions, nefario's behaviour has lost me money.

As a matter of fact, I've seen mircea on IRC quite a bit lately. Looking through the logs, he appears to be his normal (asshole) self...but, despite that, it appears MPEx is making more and more money.

In my experience when someone with greater technical or financial skills point out errors in others' works, they take offense. After repeatedly pointing out the same errors, the person with experience tends toward impatient, as he or she knows that the only reasons for repetition of error is either incompetence, or criminal intent. When the person with skill points out incompetence, or criminal intent with impatience, invariably, "asshole" is the description.

By the above logic, I believe, you're correct in stating mircea is an asshole. And this is why I sent him 20BTC....I paid that for risk avoidance (well, and some lulz now and again)

Money well spent. Come to think of it...I pay Mircea to be an asshole. He does a great job

See, and now nefario is trying to legitimize his platform, but he's ignoring the people who've brought his platform to be what it is, and, judging from the number of people I've seen withdrawing money, and bailing on GLBSE, that's not working out so well for him. But, then....he caused values of shares on his exchange to drop in value through his personal actions (which do not enjoy the support of all the GLBSE shareholders) I can only see this as the actions of an ass. And that's not who I want holding my wealth.

+100000000o00


Decentralized (somewhat), secure securities trading.  Try it.

Listing a company on a Web site governed by ToS and not a contract, open to centralized risk and stupid browser exploits? 

No, thanks.

Cryptostocks will be dead soon anyways. Vircurex foolishly started running an unlicensed lottery. He will have German authorities knocking on his door in no time.

Install an Open Transactions client... The main reason there is only one Open Transactions server running so far is so few people have a client yet; the more people with clients, the more servers that will spring up to meet the demand...

-MarkM-

Wow. Thanks to Nefario's behavior, I'm leaving GLBSE. Thanks to MPOE-PR's behavior, I'm never touching MPEX. And cryptostocks lists nothing worth investing in.

 

Yeah, how often do you see people who run legit exchanges (y'know, ones that have their own domain names that don't also host a porn site etc) posting comments like that to customers?
Exactly.

nefario and goat are both acting like children, having a mudfight on the backs of their customers. I'm disappointed in both.

Exactly, what other exchanges.

**** BEGIN LOGGING AT Fri Aug 17 20:54:30 2012

Aug 17 20:54:30         which reminds me
Aug 17 20:54:38         I wanted to talk to you about options on GLBSE
Aug 17 20:54:48         aha ?
Aug 17 20:55:12         I'd like to add them ASAP
Aug 17 20:55:46         so would be looking at adding mpex as the options provider
Aug 17 20:55:51         or engine
Aug 17 20:56:01         rg was saying something about that.
Aug 17 20:56:14         I haven't talked to anyone else about it
Aug 17 20:56:20         just been an idea floating in my head
Aug 17 20:56:23         really ?! odd.
Aug 17 20:56:49         i've not gone into much detail on the implementation of options
Aug 17 20:57:03         and assume that your platform for it is fairly sound
Aug 17 20:57:11         it's done okay so far.
Aug 17 20:57:24         well you know what I mean
Aug 17 20:57:28         but in truth, bitcoin is a very dubious thing, so we don't really know.
Aug 17 20:57:46         its been running as long as GLBSE 2.0 has without any big fuckups
Aug 17 20:57:58         which in this day seems to be a major thing
Aug 17 20:58:00         actually it's been running since before bitcoinica.
Aug 17 20:59:06         something like that
Aug 17 20:59:13         yeah.
Aug 17 20:59:15         interested?
Aug 17 20:59:50         what'd i be interested in ?
Aug 17 21:00:24         having mpex and GLBSE hooked in together to provide options for all assets on GLBSE
Aug 17 21:01:50         not really.
Aug 17 21:02:36         fair enough
Aug 17 21:02:40         thought you might be
Aug 17 21:02:43         later
**** ENDING LOGGING AT Fri Aug 17 21:54:39 2012

Fuckwit.

Have you looked at whats on cryptostocks?

What other exchanges?

Not a wise decision. Networking would not be a bad idea. Have you asked the other  exchanges?

I think it goes beyond that, Goat. I believe that Nefario is in a race against time (understandably) to disassociate GLBSE with "unsavory" securities.

This seems like it's part drama about you, part sweeping GLBSE's history under the rug before they go official.