The GLBSE (Global Bitcoin Stock Exchange) is the precipice of Bitcoin capital and related financing — for now.
Opened by Dr. Nefario in early 2011, it was a centerpiece in the early Bitcoin community. Although it was easily funded by various investors, the hired talent was far from well-managed or talented. The first round of securities were of dubious quality, and any client that would consider doing business on GLBSE 1.0 was met with a complex and cold GPG-based interfaced.
While most problems have been resolved, the current software revision — GLBSE 2.0 — is amateurish at best with its Twitter Bootstrap interface, ala Bitcoinica.
Regardless, GLBSE is now a functional and liquid exchange of various securities, most being considerable. A $40/BTC deposit is required to start any individual security, eliminating anything that is silly or fraudulent.
Now, let’s take a look at its most notable assets.
GIGAMINING is a Bitcoin mining operation representing 100 gigahashes/second of computing power. As of date, this is nearly 1% of the Bitcoin computing network.
The GIGAMINING security is debt with production-based interest — or more simply, a bond. With each of the 20,000 bonds having an original value of 1 Bitcoin; each entitles its user to the produced Bitcoins of 5 Megahashes/second of computing power.
Current Bitcoin production and speculation at $5.10 per Bitcoin has raised the price of GIGAMINING to 1.5 Bitcoins per bond. Currently, it is the most highly traded security on the GLBSE at a volume of more than 22,000 Bitcoins. At $5.10, that’s a total valuation of more than $122,220.
Gigavps has the fully-enforced right to buy back all of the bonds 1.05 times the highest price over 360 hours, but its doubtful that will ever occur.
PPT.E by BS&T
One of various bonds representing a proxy into the Pirate Savings and Trust . Where your money goes and where the profits come from is a mystery: All that’s known is that Bitcoins are trading hands.
What is certain is the 25% insurance on this bond and its expiration on June 16th, 2012, at a buyback price of 1.28 Bitcoins.
BIOETHANOL by Bioforce
Bioforce is a small company that produces ethanol from fermented fruit.
Little else is listed about Bioforce and its operations; however it continues to post small dividends for its shareholders.
TYGRR.BOT by TyGrr Virtual Industries
TYGRR.BOT is a security representing a computer program that trades Bitcoins for profit at various online exchanges. With the current stability with the Bitcoin price, the dividend payments for this security are expected to be quite small.
I have given you a small sample of what the GLBSE has to offer. While most of the securities are less exciting than what I’ve shown you, I’m sure there are more opportunities yet to be seen. Check them out on the GLBSE assets page.