[conistonwater]

> This problem is so obvious that it must have been addressed by the people proposing this.

I think this is just optimism, it would be nice to have an actual reason to think this is the case.

[hkmurakami]

I looked at the people backing the exchange and as far as I can tell, no one actually has a proper finance background, let alone a background in exchanges (which is, from what I've read, a pretty esoteric and specialized area within finance).

The idea of Eric Reis running a stock exchange is... strange to me.

[eries]

Me too!

Luckily the rest of the team is way more qualified

[hkmurakami]

Hi Eric. I recall the times when making long term equity holdings tax advantaged (ex: 0% cap gains after holding for 10 years) as a path to achieve similar goals to what LTSE is trying to achieve.

Details (and general HN cynicism) aside, we hope your venture is a success.

As a greater man than I once said, your success is our success. We'll be rooting for you.