On market tab click create security and its on asset issuer terms of service.
Thanks
I think the problem is that with a fully refundable fee is that people will create bad securities and spam the system. But now there is no incentive for moderators to vote in a timely fashion so burnside is trying to make an incentive for them to do so (50% refund).
That's what I have gathered.
Yes, but as I said:
1. it doesn't make any sense to pay such a huge sum to "maybe get what you asked for, maybe nothing"
2. to prevent spam you can simply ask a extremely small collateral, such as 0.1 BTC instead of the whole sum