Adlai: i guess you don't even need shares if it's bonded in this manner, it can just be a bond directly between the exchange owner and depositors

Adlai: i'm not certain how you'd handle that technically, because you want deposits to reach exchange accounts, in various proportions; do you have bond-buyers deposit directly into the exchange accounts, and the financier submits to the exchange signed statements of bond deposits to issue shares?

Adlai: by structure as a bond, you mean - anybody deposits the amount they want, and has p/l tracked (and dividends paid) for that amount?

Adlai: although this is flexible, and it could make sense to establish a minimum stake for alignment of interests

Adlai: also, for my own psychological reasons at this phase in my life, i'd rather get a carpenter's salary than equity in the furniture shop

Adlai: the most i'd ever have control of is api keys with trade permission, but not withdrawal permission; and it could easily be arranged that i never touch api keys myself, just deliver code or service an app taken offline, with api keys expunged from its server.

Adlai: i'd rather the accounts belong to the financier(s). they lend reputation - people trust them not to run off more than they'd trust me, and they lend their credibility to account statements. my role would be setting up scalpl, possibly maintenance, analysis, development - but on a case by case basis, as seen fit by the financier(s) and/or shareholders

Adlai: that's one constellation, but not the one i'd prefer

Adlai: any exchange where the fund would trade. scalpl currently supports btce, bitfinex, and kraken, but the api is modular and more can be added (not my focus atm, but ~3 days of work per exchange if necessary)

Adlai: there are a bunch of variables in this arrangement, such as - who has what control of which accounts

Adlai: a scalpl-managed fund, where investors could add or withdraw bitcoin in a manner similar to how X.EUR handles settlements

Adlai: (my idea has exactly nothing to do with elliptic curves)

Adlai: nothing, just wondering what you'd call them in this economy

Adlai: so in the pre-bitcoin economy, entrepeneurs sought financiers. what do you call a well-capitalized wot presence that lends its credibility to a bitcoin venture?

Adlai: the nice thing about firing clients is that you get to work for yourself!

Adlai: the eradication of a disease doesn't signal the end of medicine, just a change of "tastes". same for art's prescriptions

Adlai: re IV - art is neither dead nor dying, but tastes change, and the financial incentives about them... maybe if it becomes less profitable overall, there'll be less crap commercialized art such as pop music or koons balloons

Adlai is listening to: Metallica - The Call Of Ktulu (8:54)

Adlai: it never makes killings or gets kinda murdered, it just creeps along. sometimes it bleeds a little from the ears when the volume gets too loud.

Adlai: yeah it doesn't make much sense because it's a stupid pursuit, i'm hunting out floating point arithmetic now that scalpl needs to quack a little less like a prototype

Adlai: ie, working on scalpl rather than studying crypto curiosities

Adlai: either way, i really oughtta spend my time chasing floats instead of ec points

Adlai: i wasn't bringing this up as "look at coinbase, they're doing something!", but as "maybe i can help your thing do its stuff better" (setting aside the bit about deedbot doubling as a faucet, which works fine in the current method)

Adlai: if it wasn't clear, by http://log.bitcoin-assets.com/?date=26-01-2015#992700 means "act as though the first wot member who suggests an idea invented it" ☝︎

Adlai: maybe he'll reach some of the 419 scammers, that would give free marketing, like cryptolocker et al

Adlai: lol alright, if that's the intent, it makes sense

Adlai: so it's spendable (by the earliest bird!), but it's still a tiny amount. this is like leaving a beggar individual pennies, more insulting than anything else

Adlai: to which it has the privkey?

Adlai: the promechard technique can still have any fee you like, and it'd go directly to the miners, rather than into an unspendable output

Adlai says, deedbot can spend half as much coin and create zero as much pollution; if there's interest, he can review and sign the code doing it

Adlai: who said anything about people riding? i'm not talking about people, i'm talking solely about the idea. if you want some reputation to associate with the idea, shoot the messenger. ☟︎

Adlai: here's a shorter explanation of the technique: https://mathgate.info/promechard.php

Adlai: that's not what it is, maybe you should read the actual paper?

Adlai: how to do deeds efficiently

Adlai: trinque, mircea_popescu, have you had a look yet at https://bitcointalk.org/index.php?topic=411974.0 ? (at worst, this would just save some money)