Post
Topic
Board Securities
Re: [GLBSE] House for sale
by
punningclan
on 23/06/2012, 19:08:51 UTC
So now it is GLBSE Loan & Pawn? What's next, someone going to IPO their car or their gun collection? If I buy enough shares can I move into a room? How many shares for the garage? There are other mechanisms in place for situations like this (i.e. private lenders and Bitcoin banks). Crowdfunding the mortgaging of your home via GLBSE is just silly and takes away from the credibility of the exchange. Any real world investors looking at Bitcoin for the 1st time and seeing a 'security' like this listed on one of the main exchanges will probably take their money elsewhere, and for good reason.
So all home equity loans have no credibility?
People on the forum have already asked me why I'm doing this I thought it prudent to tell the truth.