Quote from: empoweoqwj on November 17, 2013, 03:13:12 AM

Quote from: spinner on November 16, 2013, 12:09:51 AM

Quote from: BitThink on November 15, 2013, 04:08:48 AM

Buying:

Each virtual stock will be bound with a bitcoin address for buying. To buy X shares with Y BTC each, please send X * Y + X * 0.00000001 BTC to the buying address. X cannot exceed 9999 and Y has to be dividable by 0.0001. For example, 10.00000100 represents to by 100 shares with 0.1 BTC each. The sending address is called 'buyer's address'.

This one-size-fits-all would not do for most stocks. They really should reserve 3 bits (8 Satoshis) for a protocol version. For instance the published protocol would be modified as follows: buy by sending X*Y + (8*X+V)*.00000001 where V is the version number 0-7. Y has to be divisible by 0.0008 instead.

Now you can have up 8 versions running at once (reasonably 4 to give yourself flexibility to evolve). Maybe some of them would not require you to send 100 BTC to sell your shares.

... but this really needs it's own thread ...

I don't think they are designing it for "most stocks" are they, just for ASICMINER ones.
People have said "why are they wasting their time on this sort of stuff?". I think its because they see the need for a reliable, automated way to transfer AM shares. Its a good use of time in my opinion even if it doesn't scale to be a "virtual share platform". I don't think that was ever the intent.

The question is if they waste time at all on this. I mean friedcat only needs to take a couple bitcoins, explain what he wants, pay a developer and done. Not really much time involved. But friedcat can save time later one when he dont have to shuffle shares around manually anymore.