Post
Topic
Board Securities
Re: GLBSE is offline We will update our users on Saturday.
by
repentance
on 04/10/2012, 19:20:44 UTC
Protip guys, don't start a business like this without first hiring a lawyer who specializes in finance & securities law, period.

In other words, don't start a business like this without first being a millionaire, or having one to back you up. (it won't stop on "hiring a lawyer")

This is pretty much true.  People wrongly perceive the barriers to entry into the Bitcoin financial services market as being low - they pretty much believe that all they need to be successful is an idea and a website.  Those who enter the market believing that are likely to fail quite spectacularly.