Post
Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
lobbes
on 15/01/2014, 22:46:28 UTC
Colored Coins... that way if all goes to shit I can at least claim to have some of the first shares ever distributed in a decentralized manner using colored coins.

I like the idea of colored coins. However, it seems we would be beta testing colored coins with our shares. Is this a good idea? What if there is a bug? How will this get fixed. Is this a good idea to be beta testing with shares?

Decentralized solution that is in beta vs. a repeat of GLBSE/BTCT/Bitfunder/etc.

I feel more secure with the former, personally.

The divide is not about decentralization vs centralization. The divide is about shitty non-stocks that operate on shitty non-exchanges as opposed to actual businesses that trade on a real exchange. So long as what you've got is a bucket of failure, it will fail no matter what sort of wrapping you try to put on it.

Losing coins sucks. Continuing to hold onto your buckets of bullshit after the ineptitude of the operator has been amply demonstrated is nothing short of retarded. And in clutching your bullshit in an attempt to believe for another day that you didn't make a wretched, screaming, ugly mistake, you're adding to the mountains of shilly, uninformed but over-enthusiastic bullshit new people have to wade through in order to reach a single sentence of sense. You're not just screwing yourselves, you're slowing the progress of newcomers.

Learn some responsibility ffs.

Yes, I agree that there are some overly-enthusiastic people here. However, do you suggest bag-holders just give up? Why would the ability to trade shares be a negative thing, regardless of what you hold?

Also, if you really wanted to give good advice to 'newcomers,' here it is: BTC appreciates just fine on its own. No need to invest it in anything. This includes paying the 30 BTC fee to use MPEx (although, to be fair, you can get around this fee by using a broker)

Note: I'm quoting you because I like to read opposing viewpoints (and yes everyone has special interests/biases). I believe this is to be the greatest strength to this community (unlike the hive-mind that is Reddit, ugh).