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.
Sorry but this is true.
I think this project should go elsewhere. What about Patrick's new baking services?
But I guess it's up to nefario to accept or not this listing on his exchange.
Anyway whish you best of luck Punningchan
Thank you.
Please understand that I really don't see it as silly risking my livelihood on a venture like this. It's interesting how banks have the ability to make Home Equity loans look so credibile but I'm having a less easy time of it here, perhaps that's a good thing. Another poster commented that I may need a PR firm, this could be true but the fundamentals of this idea are solid. A home equity loan reinvested to the benefit of the shareholders. If I had the money right now I'd invest far more on GLBSE and with the collateral I can. I'm starting to think of this idea as selling real estate in small pieces.