91–100 of 156 posts
Buying ... expanding... when they cannot reply to a support email for more than a month. This is one of the most customer unfriendly companies.
Try six months on funds they made disappear from open orders. Even their own reports show the missing funds - still, support slow as a snail. The exchange space needs more competitors, but it looks like you need bank level funding to pull that off.
> If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This step forward is being made possible by our acquisition of a broker-dealer license, an alternative trading system license (ATS), and a registered investment advisor (RIA) license. > ... > This is all be…
Tzero (overstock.com) did the same thing last year so Coinbase isn’t even the first to do this in the crypto space.
https://www.startengine.com/tzero?no_newsletter=1
> The tZERO token will pay 10% of adjusted gross revenue to token holders on a quarterly basis, subject to board approval and the conditions outlined in the offering memorandum
I want to compete with Angels and VC's for investment in early stage companies. Where can I do that? I don't want to invest in a fund and AngelList isn't "democratizing" shit.
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No one stores their wealth in USD because it's not a good store of value. > What store of value can you purchase with BTC without first converting to USD? Switching out to gold from BTC is pretty painless.
Bitcoin has crazy volatility compared to gold and even USD. Sure, you can use it for speculation, but no one in their right mind uses Bitcoin as a store of value. People just hope that someone else will use it as a sure if value, so that the price rises and they get rich off it. Ie, speculation.
Many people who started using Bitcoin last year lost a lot of their value.
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There's no technical reason why that can't be the case. Legally, I agree.
My point is, for anything like a crypto-security, you have to integrate with meatspace, which requires the introduction of legal agreements (because there's nothing about 0s and 1s in ledger that can compel company representatives to act in a certain way). At that point you've completely gotten rid of decentralization, and you might as well use a more robust, faster, and environmentally friendly centralized option.
On top of that, smart contract mediated investments can have much more additional guarantees. Projects like Aragon are creating DAO governance UIs that are on-chain, usable (from a UX perspective) and transparent for token holders. They allow holders to vote on transfers of funds, or monthly capital allocation, with the possibility to withdraw funds if they deem the operation of companies irresponsible. This a programmable financial infrastructure: the tools are there to build whatever you can come up with in terms of governance.
Besides DAO governance platforms, what will compel executives, for the cases where this applies, is the same thing that compels them right now: financial incentives, and the threat of prosecution. Are the guarantees comparable to those you get from a CEO on a NYSE traded company? Not by a long shot, this is the wild west right now.
But in keeping with the "Internet of Money" metaphor from my other comment, lack of controls and accountability didn't prevent Wikipedia from displacing the Encyclopedia Britannica.
> If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This step forward is being made possible by our acquisition of a broker-dealer license, an alternative trading system license (ATS), and a registered investment advisor (RIA) license. > ... > This is all be…
This is relatively standard practice in the broker-dealer space. (It’s how I started my first company.)
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Crypto securities don't replace the US dollars. They replace the shares you're buying when you invest in a company. You are welcome to use US dollars for that if you want. Chances are depending where the companies are based, getting the money in USD to them could be tricky though. What company people are going to build is anyone's guess, but mine is that there's going to be a lot of them. Silicon Valley is only but a…
Shares provide ownership and voting. Tokens provide .. no legal guarantees of anything at all?
But essentially, the paper the shares are printed on doesn't provide any legal guarantees by itself either. The fact that ownership is tokenized doesn't prevent companies from issuing guarantees to token holders.
See my comment on the comment next to yours for more:
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Soon enough, potentially, tokenized securities that represent shares of anything you can think of.
>> Soon enough, potentially, tokenized securities that represent shares of anything you can think of. Do you think they will actually represent shares? As far as I can tell, all current ICOs have not represented any ownership or share of anything, other than the token itself.
On the other end of the discreetness spectrum, The DAO was a security ICO and it was the largest crowdsourced project in history at the time.
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I don't know about "intrinsic". No other asset class has the same characteristics. It's making investments viable that were not viable before. No regulation exists now in conventional banking that prevents me from doing that investment without crypto. It's just not practical and therefore unviable. I would need to surf through 3 different bureaucracies in 3 different languages and currencies. If you are doing this ki…
> it's in your best interest to always do KYC And why will this never hold for similar transactions done on the blockchain?
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Of course not, they will just hard-fork the chain!
Which has its own problems; it's the equivalent of restoring a backup, and you lose the past x hours / days of all transactions. It's not something you want to be able to do in a blockchain intended for contracts or currency. And what happens to people that exchanged real money for BTC or in this case AAPL shares? It's like err, a double spend but without any winners.