Post
Topic
Board Archival
Re: btt
by
Esh
on 26/09/2013, 19:29:03 UTC
Not really the point. Trust is all that matters in this space. If an asset issuer is trustworthy then it doesn't matter which boxes are checked. They'll adhere to their own contract anyway. The issue for me is that it's even an option. If btct.co did blow up because of the labcoin and btcgarden fiascoes then what will stop bitfunder from doing the same? Particularly given that some asset issuers listed there will not only choose to make their contracts unilaterally fungible but can and have unilaterally altered those contracts after selling shares.

I think you misunderstand me Creative. My point is simply that issuers moving from BTC-TC have contractual responsibilities to their shareholders, and that shareholders should hold them to those responsibilities. Many many assets will move to Bitfunder in the next two weeks. The details of those migrations matter, and those following this thread who have positions in assets making that migration should be vigilant.