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Main => General Discussion => Topic started by: TheDailyDecrypt on February 21, 2016, 09:10:00 pm

Title: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: TheDailyDecrypt on February 21, 2016, 09:10:00 pm
I know that the marketing firm Farlaweb, as well as the magazine Forklog, have both issued stock using NXT. Wondering if any organizations have done the same within Bitshares? Thanks for any resources and/or instructions on how to better determine the answer from within Graphene -- I'm doing research for an episode of The Daily Decrypt.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: Akado on February 21, 2016, 09:15:40 pm
I don't know if OBITS and METAFEES count, but it seems we will have this soon

https://bitsharestalk.org/index.php/topic,21499.0.html
https://bitsharestalk.org/index.php/topic,21509.0.html
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: onceuponatime on February 21, 2016, 09:29:50 pm
OPENPOS   
https://bitsharestalk.org/index.php/topic,20762.0.html

SHAREBITS
https://bitsharestalk.org/index.php/topic,21276.0.html
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: luckybit on February 22, 2016, 01:30:19 am
I know that the marketing firm Farlaweb, as well as the magazine Forklog, have both issued stock using NXT. Wondering if any organizations have done the same within Bitshares? Thanks for any resources and/or instructions on how to better determine the answer from within Graphene -- I'm doing research for an episode of The Daily Decrypt.

So far no company has issued an actual stock on the blockchain. Obits isn't a stock and is called a token of appreciation. You don't get actual equity in any legally recognized way as far as I know unless the SEC considers it a security.

There was a company that wanted to set up something called Gemspace to allow real stock trading but that never happened. There is also DACX which deals with real stock.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: luckybit on February 22, 2016, 01:34:45 am
Well there you go. Blocktrades will probably be the first real test case.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: cylonmaker2053 on February 22, 2016, 01:34:59 am
blocktrades.us intends to issue 50% equity in their company over Bitshares:

https://twitter.com/robviglione/status/701105196886310912
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: Stan on February 22, 2016, 02:27:20 am
Check out dacx.com

https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES (https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES)
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: cube on February 22, 2016, 03:41:06 am
OPENPOS   
https://bitsharestalk.org/index.php/topic,20762.0.html


openpos is not a company/organisation entity (yet) AFAIK.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: CLains on February 22, 2016, 03:22:19 pm
Check out dacx.com

https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES (https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES)

I remember this one, https://www.youtube.com/watch?v=CMbgER0BOqA
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: abit on February 22, 2016, 05:00:47 pm
Check out dacx.com

https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES (https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES)
Outdated.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: lovejoy on February 22, 2016, 05:12:01 pm
AKAIK Gemspace is on hold, due to certain moves / delays by the SEC... but they still have the only website in crypto that makes me want to dance. ;) http://gemspace.net/joinus/
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: yvv on February 22, 2016, 05:25:26 pm
I suspect none, because bitshares is not suitable for issuing stocks. Obits, metafees etc are not stocks, they are crowd funding tokens. There are a lot of use cases for such tokens however.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: cylonmaker2053 on February 22, 2016, 05:29:20 pm
I suspect none, because bitshares is not suitable for issuing stocks. Obits, metafees etc are not stocks, they are crowd funding tokens. There is a lot of use cases for such tokens however.

the only reason i can see for thinking Bitshares isn't suitable for issuing equity is that we haven't yet had a court say they'd support such property rights. once we have that link, it'll be a game changer.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: xeroc on February 22, 2016, 08:00:08 pm
I suspect none, because bitshares is not suitable for issuing stocks. Obits, metafees etc are not stocks, they are crowd funding tokens. There is a lot of use cases for such tokens however.

the only reason i can see for thinking Bitshares isn't suitable for issuing equity is that we haven't yet had a court say they'd support such property rights. once we have that link, it'll be a game changer.
The regulatory restrictions MAY prevent U.S. companies to do so, but let me remind the U.S. citizens, that there are quite some more countries out there already working on this!
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: santaclause102 on February 22, 2016, 08:01:26 pm
Check out dacx.com

https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES (https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES)
Outdated.
outdated in what sense?
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: tonyk on February 22, 2016, 08:02:03 pm
Check out dacx.com

https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES (https://dacx.com/articles/6-%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8BITSHARES)
Outdated.
outdated in what sense?
as in, no longer the case.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: cylonmaker2053 on February 22, 2016, 08:37:16 pm
I suspect none, because bitshares is not suitable for issuing stocks. Obits, metafees etc are not stocks, they are crowd funding tokens. There is a lot of use cases for such tokens however.

the only reason i can see for thinking Bitshares isn't suitable for issuing equity is that we haven't yet had a court say they'd support such property rights. once we have that link, it'll be a game changer.
The regulatory restrictions MAY prevent U.S. companies to do so, but let me remind the U.S. citizens, that there are quite some more countries out there already working on this!

it's great there are cross-country differences in securities laws. i'd really like to see a major industrialized country declare that they'd protect crypto property rights in their courts just as if they were any other type of property.
Title: Re: What organizations, if any, have sold 'stock' via Bitshares User-Issued Assets?
Post by: yvv on February 23, 2016, 12:53:51 am
I suspect none, because bitshares is not suitable for issuing stocks. Obits, metafees etc are not stocks, they are crowd funding tokens. There is a lot of use cases for such tokens however.

the only reason i can see for thinking Bitshares isn't suitable for issuing equity is that we haven't yet had a court say they'd support such property rights. once we have that link, it'll be a game changer.
The regulatory restrictions MAY prevent U.S. companies to do so, but let me remind the U.S. citizens, that there are quite some more countries out there already working on this!

it's great there are cross-country differences in securities laws. i'd really like to see a major industrialized country declare that they'd protect crypto property rights in their courts just as if they were any other type of property.

This is inevitable and this will happen very soon imo.