Quote from: Nefario on July 25, 2011, 12:17:22 PM

Quote from: ripper234 on July 24, 2011, 03:57:38 PM

Quote from: Peter Lambert on July 24, 2011, 02:14:22 PM

Quote from: ripper234 on July 24, 2011, 07:51:26 AM

Quote from: elk-tamer on July 23, 2011, 05:54:28 PM

It seems like there should be some value just in properly creating the mechanics of a bond. I would think there would be a way to integrate it with GLBSE, not by investing with companies but by having the bond payout be in shares at market value for a GLBSE security.

My suggestion would be to use the money from your bond to set up a website that handles creating bonds.

I don't understand. What's missing with the bond in the way I created it?

The way you set up the bond, you listed it on GLBSE and investors bought it. Simple enough, but it requires knowing how to list things on GLBSE. If I understand correctly, the idea proposed here is to provide a simpler way for people to list bonds, you provide a front-end service that takes their information, then lists it as an asset on GLBSE where investors purchase it. You could ask for some cut of the money, and give some sort of guarantee if the bond-holder defaults, giving less risk to the investors at the price of a lower reward. GLBSE is pretty much anonymous, your service would collect all the personal information on people asking for a loan, even get a credit score.

I think GLBSE is set up to have assets and subassets, using subassets reduces the cost of multiple listings (I am not sure, but I think the asset costs 2.5 bitcoin and subassets are free?) so you could have main asset Bond, and subassets Bond.PersonA and Bond.PersonB.

GLBSE already has a web UI, and I imagine it will improve over time. I don't see much value of creating a 3rd party service that will provide just a wrapper of GLBSE.

Creating the bond cost 0.5 BTC (I also got charged an extra 0.5 BTC on some operation, not sure exactly which ... I'd really want to see a charge history feature in GLBSE)

Part of the purpose of this exercise was to learn how to use GLBSE, and make it profitable enough for other people to learn it as well.

BTW, you can see the trade and bid history of my bond here.

Yes GLBSE has a web interface, but GLBSE itself is really just a platform, Peter is correct in saying that the best thing to do would be to build a front end just for bonds, collecting the details just as Peter said.

We've got a command line client which is in the process of being turned into a app-usable library, so you wouldn't be building a "wrapper" for GLBSE, you'd be adding value.

To top it off BitcoinGlobal(the company that owns GLBSE) can partially subsidise with BTC some of the development of such a system and offer the subdomain bonds.glbse.com if anyone is interested.

Nefario.

This is very interesting - however personally I can't at this time engage in creating this system myself (I would however consider investing in a reliable developer if he had a good plan for this ... also would be interested in investing in other GLBSE related projects).