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ThickAsThieves: "Well fuck me sideways for not being an american... I guess being accurate when running a stock exchange isn't important... fucking retarded mate."
ThickAsThieves: Please load the Tor browser package and visit the designated .onion address for Silk Road.
ThickAsThieves: you have it wrong, burnsy is not beholden to you, nor is labcoin
ThickAsThieves: the bigger your bankroll, the more sares you get in proportion
ThickAsThieves: actually a 2-week announcement period would do some good
ThickAsThieves: this means it will be a glorious bubble and/or every other stock will go back up
ThickAsThieves: ok so what are the odds that like 9000btc of these bids are the issuer?
ThickAsThieves: so what happens in this case, the IPO deflates immediately?
ThickAsThieves: - We will multiply everyone's orders times the ratio and extract a whole number of shares on a per order basis. The orders will then be filled according to the result at 0.001 BTC. (regardless of what they actually bid.)
ThickAsThieves: - We will then add up all the bids and use the total to create a ratio of number of shares ordered to number of shares available. (eg, 9,000,000 ordered, 7,000,000 available gives us a ratio of 0.777)
ThickAsThieves: - All bids posted after the cutoff will be thrown out.
ThickAsThieves: - Sometime shortly after that time I will lock the asset.
ThickAsThieves: 3 PM CST/4 PM EST is the cutoff for bidding. (EDITED!)