Post
Topic
Board Securities
Re: comparing bitcoin stock exchanges: mpex / btct / cryptostocks / bitfunder
by
Deprived
on 25/07/2013, 16:36:01 UTC
Cryptostocks
website: nice!
30 day volume: 300 btc
listing fee: 2btc!
other comments: looks great.  I'm not sure how long they've been around.  Maybe they're new and that's why the volume is so low.  I dig the low listing fee.

Website may look nice but it's horrid to use (or was when I used to trade there).  It's been runing longer than BTC-TC and Bitfunder.  It has low volume for a few reasons:

  • It allows blatant scams to list.
  • It (and/or the currency exchange same guy runs) have been hacked a few times.
  • Operator of it changed contract for his own shares mid-IPO so noone can have any faith in his integrity (he had a minimum number that needed to be sold or the IPO would be aborted.  When that target wasn't reached he just edited the target).
  • Operator is in breach of his contract with investors in his currency exchange - withholding profits that should be theirs to repay funds allegedly stolen from the site which wouldn't be their responsibility anyway even if the hacking actually happened.

Noone with any sense uses it - hence the low volume.

Havelock may be a 4th one for you to have a look at.