h a l f b a k e r y
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Well no, not really Peter. The idea is for the ½SX players to build up their portfolio. You do that by buying into ideas and users that you think will be popular (or whatever other quality that will cause values to rise). It's influenced by the voting method here, but its function is wholly separate, and idea values do not necessarily represent the same thing as idea votes. So it's not an alternative voting scheme at all. |
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For example, it's entirely possible that an idea or user could be a regarded negatively ("Vagina Jam", GeorgeTheRobin of late), yet still have a high value, using the 'better notorious than neglected' line of thinking. |
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(added) qb, the point is to build a valuable portfolio. It's a game. Check out the HSX link. |
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What is the objective of this? Even if you get all the mechanics worked out, what's the point? |
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Oh I like this. Fantasy halfbakery. I can win the league if Vernon posts somthing this week and UnaBubba is quiet for two days. Oh well, bottom of the league again. |
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Could I short my own ideas, or would that be insider trading? |
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I was just about to mention the flaw in this when bris's annotation pointed directly at it. I could amass a huge "fortune" by flooding the hb with trollery and shorting each idea the minute I posted it. Not that I would, of course, but it could be done. |
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Hm. Yeah, bakers would probably need to be ineligible. There must be some way to work around that, however. Perhaps it could be as simple as not permitting bakers to hold their own shares/bonds. |
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Don't bottle out, waugs. The only people with enough info to play would be halfbakers. Anyone else would just spend time wondering why people were going long on custard. |
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So I get 100 HBux when I join. Idea shares are proportional in cost to the number of criossants divided by the number of fishbones the idea earns (but never less than 1 HBux/share). |
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The idea is to accumulate as many HBux as possible by identifying ideas which you think will be popular, buying shares in them (low) and maybe selling them (high). We'll need some means of paying dividends. |
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This would mean you can't change your vote. It might also make people do a better job of titling and describing their ideas. The person with the most HBux would be lauded as the person who did the best job picking the most-favored (not necessarily the best) ideas. |
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How do you get around ballot-stuffing though waugs? A quick e-mail on inglybingly could see us make a killing with a flood of early croissants which suddenly turn to fishbones. |
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So Many questioons are raised by this idea:
Will I have to issue an SEC-compliant prospectus before I make a stock offering?
How many ½board listings are we allowed to float in a year?
Are we only to use ½SX approved underwriters?
Can I hold preference shares in my own ideas?
Will preference shares allow greater voting rights?
If you buy up more than 20% of the stock in an idea will you required to make a takeover bid or divest within 90 days?
Will there be a side board for options trading? This would allow newbies to float at a lower premium, with calls in 7 days if their ideas look likely to make a good impression on the market.
What do we do if an idea is derivative?<g>
Will someone try to corner the market for custard?
When do we get a commodities futures exchange for our stock in trade items, like custard, mobile 'phones and paintballs?
Will day trading be allowed?
Do we regard P:E ratios differently here? Perhaps a W:C (Words : Croissant) ratio would make more sense? Unfortunately, Vernon's & Abhijit's ideas would price themselves out of the market.
Voting from multiple accounts would be grounds for instant disbarrment
Will the ½SX provide me with information if I wish to set up a data delivery service, to the open market? At what cost?
Clever manipulation of voting could see someone like GTR disbarred or gaolled for irregular trading, irrespective of guilt in the matter. |
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Saaayyyy... now there's a thought... |
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"Can I hold preference shares in my own ideas?"
I'd say a person can purchase shares in their own ideas, but only after one other person has voted (call it the opening of the market). |
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"What do we do if an idea is derivative?"
Would be treated no differently (Coke/Pepsi) |
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[phoenix], a preference share is a supershare, usually accorded a greater voting weight than an ordinary share. My point was whether we would be allowed a greater say in the voting for our own ideas, as we would each be the principal stockholder initially, as issuer of the scrip, as it were. |
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Derivative: Sorry, a play on the name of the instrument. |
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Got the preference share thing. I said the idea creator doesn't get shares automatically, but can buy them after voting has started. But to your point, there might be greater incentive to post good (or at least popular) ideas if the owner has an investment in the idea from it's inception, so maybe that's the way to go. Or some combination of the two. |
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Didn't get the derivative joke. Sorry. |
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I think the government should buy all the shares in vagina-jam and nationalise it, to ensure everyone gets the benefit. |
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[Peter], given some of the ingredients, it will probably clog up your blender. |
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Who would do the accounting? Since Arthur Anderson hasn't demonstrated capability with *real* company value, perhaps they could increase their margins trading 1/2stock; since reality has little effect here at 1/2b. |
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How do we prevent Enron-type disasters? Or should we rather encourage them? |
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