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Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.15 12:10:00 -
[1] - Quote
Is it really to hard to make a working stock exchange for corp shares? |
Bad Bobby
Bring Me Sunshine In Tea We Trust
498
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Posted - 2014.06.15 12:40:00 -
[2] - Quote
It's a lot harder than it needs to be, that's for sure.
But the real issue is that whenever someone has put together an exchange, very little demand has materialised for it's services. |
Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.15 13:01:00 -
[3] - Quote
Bad Bobby wrote: very little demand has materialised for it's services.
Which side was lack of demand: corp or shareholder (investor) side?
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Bad Bobby
Bring Me Sunshine In Tea We Trust
498
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Posted - 2014.06.15 13:23:00 -
[4] - Quote
Quant Predictorian wrote:Bad Bobby wrote: very little demand has materialised for it's services. Which side was lack of demand: corp or shareholder (investor) side? Both.
Look around the forums and you will see very few people trading in shares and similar investments. It's not the lack of an exchange that prevents people from involving themselves in this market. It's the lack of a market that prevents people from setting up an exchange.
The exchanges that have existed for any length of time have been labours of love and few in number. When one dies there are no competitors waiting in the wings to pick up their business.
Compare this to the popularity, success and profitability of EVE gambling sites. |
Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.15 14:03:00 -
[5] - Quote
If stock dilutions are regulated and platform of the exchange is good enough, I'm quite sure investor (shareholder) side demand will be good enough. Investors don't demand the exchange now because of companies stock dilution scam (which is very similar to RL experiences) and middleman issues (unstable exchange platform or something). If both problems solved, demand will be increased exponentially (people always like to invest surplus ISK, and corporations always need extra cash in emergencies) |
Bad Bobby
Bring Me Sunshine In Tea We Trust
499
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Posted - 2014.06.15 15:25:00 -
[6] - Quote
Quant Predictorian wrote:If stock dilutions are regulated and platform of the exchange is good enough, I'm quite sure investor (shareholder) side demand will be good enough. Investors don't demand the exchange now because of companies stock dilution scam (which is very similar to RL experiences) and middleman issues (unstable exchange platform or something). If both problems solved, demand will be increased exponentially (people always like to invest surplus ISK, and corporations always need extra cash in emergencies) I think those problems are a long way from being relevant to the question of why there are no successful exchanges.
Stock dilution isn't even going to be on the list of concerns for most potential investors. Few sizeable public investments have reached the stage where it's actually relevant and those that have just deal with it in one way or another.
A great many player made tools have overcome any potential platform issues and have achieved popularity. A stock exchange isn't going to have any more serious problems to deal with than a gambling site in this respect. |
Adunh Slavy
1500
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Posted - 2014.06.15 22:11:00 -
[7] - Quote
Trust and the lack of, effort > reward, lack of automation, lack of game mechanic support Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.-á-á- William Pitt |
Felicity Love
It Was the Year 3030
1915
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Posted - 2014.06.15 22:59:00 -
[8] - Quote
Let me add "Why bother?"
What kind of upside is there for the "common man / woman / pilot" in EVE ?
None, and the current game mechanism for "stocks" is only part of the issue.
Most pilots who join a good corp can get a better return on their pooled (ISK) assets, with friends they trust and who share the risk.
Many others who are, to put it bluntly, " independently wealthy " are well past the stage of needing someone else's financial vehicle to amass their next billions. So, again, no upside.
If I wanted to invest in a corp, holding their "stock" is the last thing I'd want as any sort of way to influence their performance and encourage their honesty.
I'm more of a "Collateral" person, and I do so at a percentage rate of market value that is beneficial to me. Stocks, in their current game incarnation, have no value to me and are thus "worthless".
"Psssshhhhhhhhhhhhhh" -á-- That ambiguous and pseudo-technical term used by management to describe to staff how frakking cool something looks inside their own heads.
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Quant Predictorian
Futarchist Singularitists
6
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Posted - 2014.06.16 04:48:00 -
[9] - Quote
Felicity Love wrote: I'm more of a "Collateral" person, and I do so at a percentage rate of market value that is beneficial to me. Stocks, in their current game incarnation, have no value to me and are thus "worthless".
It's totally understandable, though I show full respect to your philosophy. |
Hexxx
Sebiestor Tribe Minmatar Republic
73
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Posted - 2014.06.17 19:22:00 -
[10] - Quote
Quant Predictorian wrote:Is it really to hard to make a working stock exchange for corp shares?
Equity exchanges won't work until someone creates a semi automated accounting system derived from the API transactions with workflow for manual chart of account categorization on "generic" API transactions.
A debt exchange is much more likely. |
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