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My eventual aim is have a securities rating service. Much like services offered by Moody's and S&P. I am also very interested in equity research done by investment banks. I feel that it is something that will benefit both the investors and miners.
Oh good, our last securities rating service turned out to be a scamming bumblefuck. Of course no one would believe us when we called him out as being a scamming bumblefuck for months before finally everyone was forced to admit it, but hey... Bitcoin.
Anyway, good to have someone here to run some ratings on these unregistered securities by anonymous persons traded on unregistered exchanges. Wouldn't want people to run blindly to their doom, now would we?
BTW, what personally is your opinion on starfishes?
you're missing the point. bitcoin transactions can all be traced, which means it would be very easy to audit transactions and give a reliability rating. The reports put out by S&P on equities have a number of ratings. And furthermore, the research analysts should NOT be anonymous.
In any case, if reliability can't be achieved, at least comparability will be. That's better than nothing, and is something I think is worth striving for.
I agree with Accountant, the lack of financial reporting standards is scary. But I would interject that most of the people involved aren't aware of the Financial Accounting Standards Board (FASB), or Statements of Financial Accounting Standards (SFAS). While I am not a CPA, I have had several years of training and education in accounting. If more of these people seeking funding through bitcoin securities had a good set of honest books, and the security exchanges enforced some sort of standard reporting it could be taken a lot more seriously. I have tried to read some of the "prospectus" some of the companies listed on the exchanges posted and it was terrible.
While I understand the point of bitcoin is a decentralized monetary solution, financial reporting (even though all bitcoin transactions are publicly traceable) is important for a viable and serious securities market.
While I understand the point of bitcoin is a decentralized monetary solution, financial reporting (even though all bitcoin transactions are publicly traceable) is important for a viable and serious securities market.
My eventual aim is have a securities rating service. Much like services offered by Moody's and S&P. I am also very interested in equity research done by investment banks. I feel that it is something that will benefit both the investors and miners.
Do you mean you're looking to invest in a miner? What kind of financial report are you interested in then?
I am not looking to invest specifically.
financial statements and reporting standards are essential for investors. standards are important for relevance and comparability. how can investors decide to invest in one fund over another if they don't publish financial statements that share the same reporting standards?
The lack of standards, I feel, is a big reason why the bitcoin "securities" scene is not as thriving as it should be.
Exactly what would miners want from investors and creditors? 
I am specifically referring to miners who offer bonds and equity stakes in their operations. How can investors make rational decisions when these miners offer no proper financial reporting? I see many "investment funds" putting out their "income statements", which is 30% nonsense, 10% substance, and 60% god-knows-what. As an accountant by training (at one of KPMG/PwC/Deloitte), the lack of standards when it comes to financial reporting just makes me cringe.
I am an accountant by training, and am absolutely horrified by the way that bitcoin miners present their financial information to potential creditors and investors. I am really interested in developing a financial reporting standard for these miners to help investors and creditors understand the risk and benefits associated with their decisions.
Does anybody else agree?
Does anybody else agree?