I guess most people are like me and don't want to take the time to read a complete thread like this one since it is 6 pages long. I don't blame you.
Hi! Captain Morgan
Yes it is a private company. The main product is RAIDA (Redundant Array of Independent Detection Agents) technology. But this is not what I am buying into ..... I am buying CloudCoin which uses RAIDA and not Blockchain like BitCoin and other cryptocurrecies. And, when I used the term "Exchange" I was referring to the BITSHARES Exchange which is a Cryptocurrency exchange and not the Dow Jones or whatever.
Hi! Hoid
Right now, (Before the coins are listed on the exchange) if I wanted to buy them, I find what are called "Trusted Sellers" recommended by CloudCoin. Most want the money first, but I found somebody who gives me the coins first and then I pay the guy and only after I verify that the coins are legit via CloudCoin. You can buy/sell coins peer to peer if you want to. Most all the software developers who worked setting up the CloudCoin enterprise worked for or were paid with CloudCoins and that is what people are selling into the market right now.
After the exchange opens, you would place a buy order or sell order like a normal exchange and make arrangements for payment in any way you choose.
I don't think that anybody in the future is going to want to own any coin which operates on a blockchain. They are way too slow and not as private or as anonymous as many claim. For example, the blockchain details every transaction you do with BitCoin. It knows what you purchased and where. CloudCoin is totally anonymous plus you can carry it in your wallet like a dollar bill unlike Bitcoin.
The reason I speculated that it would go to 10 bucks in 6 months or a year is because I think that everybody is gonna walk away from blockchain coins and buy CloudCoins.
I am 70 years old, I do not need nor want multi-zillions of dollars. I only intend to keep my coins for a year and then dump them. It is just a gamble with me or sort of like a game.
I only invested 1300 bucks and today they are worth 5 thousand bucks.