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Comment by thirdlamp | Hacker News Reader

Would've been interesting if they'd IPO through some crypto means, like on ether or something

Despite what Crypto Bros say, all they really want is to get filthy rich with real money.

Real lambos and houses. No one wants dirty fiat.

If anyone has fiat lying around causing them problems I'd be happy to take it off your hands. I'm certified for proper fiat handling.

> If anyone has fiat lying around causing them problems I'd be happy to take it off your hands. I'm certified for proper fiat handling.

You can't be trusted not to manipulate the Bitcoin market, as you just got fined; your customer service is abhorant and you keep shutting down accounts and trades for no explicable reason. Why would anyone trust you with anything at this point is beyond me.

I want you personally to know that YOU and Coinbase (and what it represents) are the bane of Bitcoin and all of HN and YC should know that.

You've got the wrong Brian Armstrong.

Not a fan of the "Quiet Modem Project"?

Good zinger! that'll show them!

Yeah man, we all love the petro-dollar.

I know it's wrong and this is likely a low level comment but...

Crypto Bros -> CryptBros -> XD

Yes, this is a missed opportunity for crypto. Unfortunately, securities and exchanges for securities are so heavily regulated, that it is very hard to try something like this with a “fail fast” approach and we will probably have to wait for quite a while until we see such markets happen, if at all.

To me as a computer scientist, it is astonishing that even something as simple as a web service that matches willing buyers and sellers of securities requires a license that costs millions of dollars to obtain.

About a decade ago BATS tried to IPO on their own exchange and failed pretty spectacularly. Coinbase probably doesn't want to "fail fast" with their IPO when there are billions on the line.

>Yes, this is a missed opportunity for crypto. Unfortunately, securities and exchanges for securities are so heavily regulated

Makes sense, given the ICO craze back in 2017.

Never get high on your own supply

The reason is the SEC. Look into stokr.io.

There's a reason access to capital markets is somewhat restricted. Investors are going to get fleeced.

I only wish the SEC (or the European authority) had more bite, as stokr absolutely deserves to be shut down.

Why?

Since there is a good chance you have not read the details within stokr.io, I'll offer some details, this is not just for retail investors, there is a minimum required investment in most projects, for example: https://stokr.io/blockstream-mining has a minimum of 200K EUR. This is similar to how IPOs function, but this is more open and you hold the tokens in your wallet, instead of a custodian like DTCC.

They are in full compliance of EU regulations: "The issuance of securities is governed by EU regulations and is available in a number of European countries. STOKR is constantly working on making the securities available in as many countries as possible. Both individuals and legal entities can invest on STOKR."

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