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.
Cryptostocks seems nice, but, does anyone know if they are any more reliable?
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.
I've spoken to cryptostocks, asking about enabling a method for assets to move from GLBSE easily to there, he had no interest.
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.
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.
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?