It would be nice to find out why Burnside decided to throw in the towel before considering this. If it's because he doesn't have a broker/dealer license, that is something that can't be fixed overnight.
Because if he sells the functioning exchange itself he has significantly more legal liability.
Apologies, I understand why he is selling just the code etc... My question, as someone who is interested in buying the code, is what prompted Burnside to close in the first place. Was it SEC or FINCEN stuff, or the LABCOIN IPO, or some other personal reason? I am guessing it was the first item, as I just received a notice from Dwolla that they are severing all times with the Bitcoin community.
Oh, it's getting more "interesting" by the moment!
In another post I authored, someone mentioned Ripple could be used for a distributed stock exchange. Sorry not familiar with it. Worth considering? I am sure Deprived would like to keep this thread strictly for DMS. So the other thread is:
https://bitcointalk.org/index.php?topic=308012.msg3315889#msg3315889