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Magnu Stormhawk
Stormhawk Enterprises
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Posted - 2011.06.21 10:31:00 -
[1]
 Originally by: Mara Villoso
I'm curious what kind of experiences people have had with it, safety, etc.
I have used BSAC in the past for investing and share trading. I have had probably put a good few hundred million ISK through it, deposited shares with the exchange so I can sell them, deposited cash, bought shares and held them in the exchange, made a number of withdrawals. Always been smooth and easy to use with good customer service.
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Magnu Stormhawk
Stormhawk Enterprises
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Posted - 2011.06.21 13:10:00 -
[2]
Originally by: RAW23
Why not throw in some analysis to justify your claim that BSAC is as safe as any investment on MD?
No uncollateralised investment is safe. Therefore BSAC is as safe as any investment on MD. That logic works for me.
Despite the criticism that Block has come under, which is mainly a product of bad PR meeting bored MD denizens looking for the next drama bomb, how many other investment businesses do you see still standing that have been around for as long and have never been proved to be a scam or a failure, that have consistently tried to build something professional and innovative, and contribute something to the community?
I would still maintain that the same rules of investing should be applied to BSAC as any other offering. But to refuse to acknowledge that BSAC has got anything going for it is just stubborn.
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Magnu Stormhawk
Stormhawk Enterprises
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Posted - 2011.06.21 13:37:00 -
[3]
Originally by: RAW23
Originally by: Magnu Stormhawk
Originally by: RAW23
Why not throw in some analysis to justify your claim that BSAC is as safe as any investment on MD?
No uncollateralised investment is safe. Therefore BSAC is as safe as any investment on MD. That logic works for me.
Despite the criticism that Block has come under, which is mainly a product of bad PR meeting bored MD denizens looking for the next drama bomb, how many other investment businesses do you see still standing that have been around for as long and have never been proved to be a scam or a failure, that have consistently tried to build something professional and innovative, and contribute something to the community?
I would still maintain that the same rules of investing should be applied to BSAC as any other offering. But to refuse to acknowledge that BSAC has got anything going for it is just stubborn.
I don't refuse to acknowledge that at all. But I also don't accept that all investment opportunities are equally risky. The logic of the first line in your post is not really logic  .
Deductive reasoning then? 
Originally by: RAW23
investing via the exchange adds an additional level of risk. The investor will lose their isk if either Block or the listed business scams. That means unless you assess BSAC as a zero risk of scam any investment through the exchange will be riskier than a direct investment in the same business.
I don't dispute that. It's a fair analysis (if you are investing in listed entities rather than the mineral reserve or cash reserve). My point is that there are pros, it is not all cons.
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