Bitcoin Forum

Ok so I started the new time sink of glbse.com

Managed to register but...now what?

Hoo boy, this is going to be a challenge:

https://glbse.com/forum/viewtopic.php?f=15&t=24

I can hear the twilght zone theme.

8^)

[EDIT]

Hoo baby, and I thought my documentation was tedious.

I either need to be much more awake or much more stimulated.

I'm in no great hurry. It'll take me a few days to digest the instructions.

The powers that be say it is safe and important so i will give it a shot.

I tried to go their today, and my browser didn't like the page..

Aparently "self-issued" certificates do that.

The elders here seem to trust it so I do too.


TaiChi huh? I'm looking for another Yang style instuctor to no avail yet...

Not to hijack the thread, but being new here, where do I see these elder posts?

(And yes, Yang style.  did you do Cheng Man-Ching's form?)

I guess I'm just unclear on what glbse actually does.  Is it like a stock exchange?

Peter has steered you right.

(I studied under Dr Hong near Topical Park in Miami many years ago. These videos are the closest I have found to what he taught us;
http://www.taiji.de/taiji/head5e/index.htm
)

I have to admit still being unclear on the complete hows and whys of glbse too. 8^)

I had difficulty first using GLBSE also, still do but I don't have to visit it often.

The SSL certificate message when visiting the site just means that the cert is not signed by a CA (Certificate Authority) recognized by your web browser. I think the reason Nefario has not got a signed cert yet is that GLBSE was not originally built to have a web ui client IIRC. I remember when launched you had to use a console client to interact with GLBSE.

The reason I trust the certificate even though my browser doesn't, is because I know of Nefario and have followed his activities for some months, he has been here quite a while, I have interacted with him and never a red flag or concern over his ethics.

I hope that he finishes up the code and some documentation soon for the web ui. I see GLBSE as useful and beneficial to the community, just needs that easier to understand and simpler web ui stuff done and it will get used.

If you post where you are stuck or something about it you don't understand I will do my best to answer.

A bitcoin stock market and trading system seems like a great idea, and a necessary progression for the bitcoin economy.  Be interesting to see how the UI part develops.

I  generated a local RSA keypair, created a password, can log in with a password, see my "account" I created, and click on the "deposit" button to get the address to send bitcoins to.  However, that box doesn't fill in.  I see a pop-up that says "Object: object", then goes away.  But no address to send to.  Running Firefox 5.0.1 on Mac OSX Snow Leopard.  Ideas?
 -#tew

So how and why and when would would you want to ..  "go public"?

I think he means in general.

Same reason as in the 'real world', to raise capital.

So is GLBSE down right now or not? I am looking to set up a business. I just need investors.

Glbse is having issues atm,
Nefario is way cool, and a asset to the bitcoin community. Its ok to trust his sites ( I guess I should say at the moment, but I dont see nefario having a change of ethics any time soon).

The GLBSE is like a automated market such as NYSE or NASDAQ in a sense that a computer processes orders rather than a market maker like in pink sheet stocks. It is pretty cool, we raised some startup capital for BitFlowSys using GLBSE, and you can too.
It is like a completely non regulated stock market though so be careful who you invest in. The person who creates the asset to be sold has a lot of control that they wouldn't normally have in the real world stock markets.

When it comes to being "user mean" , I cant argue to much. But at the same time, I trust Nefario's security more than my own comp sometimes and will keep my BTC there for safe keeping. Plus he actually will answer you if you have a question or concern. He walked me through setting it up in the beginning when it was the hardest.

Long story short nefario is cool, glbse is going to be HUGE, its worth learning how to use it. when its fixed*

http://www.youtube.com/results?search_query=glbse&aq=f (http://www.youtube.com/results?search_query=glbse&aq=f)

I stumbled on some videos for glbse made by Nefario. The bass is outrageous but it might help you. :)

On that note if anyone knows a video producer who could make some instructional video content for glbse contact me or nefario with your/their terms.

I find having a visual walkthrough for this stuff is the best way to handle it.

It's seems to me (early impression) that there isn't really an effective means of disseminating good ideas like glbse .... it is pretty apparent that if it does not succeed, it will be because people did not know it existed and/or what on earth it was.  This Forum technology for instance, it's a bit pathetic isn't it?  ::) Surely Facebook and/or Google+ has better answers for the 'Bitcoin Wealth Generation Information' side of Bitcoin ...... but I digress. Maybe I haven't yet stumbled across a central index that is updated A to Z with Services and Citations/Reviews?  In conclusion, if this Forum is supposed to be it - then we all need something to replace it fast.  I am a Marketing Technologist and prolly won't find anything technically challenging within the Forum BUT the people who will make this Bitcoin a global success are not geeks.  We need to get public friendly, as doing so will likely make we few (at the moment) quite a BitWealthy.  ;)

So isn't there any danger running afoul with the SEC for selling 'securities' tied to your company when going public through GBSE without registering with them?

Hello, sorry I'm late to the conversation, was in transit,then a box, then transit again for quite a few days so no internet access.

Smalleyster, the documentation for listing on GLBSE has been updated with some (terrible) videos to get started (noagendamarket, this is the general idea of what I'm looking for in the videos).

Check here. https://glbse.com/listing.rhtml

Peter has it right about just what GLBSE does (thanks Peter).

There have been some major changes in my circumstances and plans that I will be elaborating on over the next few days. These changes are going to result in changes to for GLBSE for the better, that is GLBSE is going to start improving across the board from reliability, to usability right away.

Yes the site had been down, as I said I was in transit since Sunday and bitcoind had died. Since I'm paranoid no one else but me has access to the servers (ColdHardMetal has the passwords but is very trustworthy and is not an admin), so when things go down I'm the only one who can do anything. And in this case I was unable to do anything as I had no internet access for the past few days. I'm sorry for the disruption, and it's something that I'm going to be working my ass off to prevent again.

With regards the self signed cert, it is actually more secure, you may have heard that comodo ( a certificate authority) had managed to have it's signing keys stolen, and a number of fraudulent certificates for various sites (I believe GMail was one) were issued using these stolen keys. The hackers were then able to decrypt ssl traffic by Man in the Middling (using the newly issued fake cert) the websites.

The danger of self signed certs is that if the server is broken into(hacked) then the hacker may be able to replace the legit cert with their own and from then on sniff the traffic. However with GLBSE, there is only one reason you would try to break into the server, and that is to steal the bitcoin that is stored there. Also all client accounts are anonymous (unless you have publicly told people what your public ID is).

Nefario.

 

I suggest you take this over to the GLBSE forum and post it in the legal section. https://glbse.com/forum/viewforum.php?f=18

There has already been some discussion on https://glbse.com/forum/ about this particular issue.

Nefario.

Everything's denominated in Bitcoins. As far as the US Government's concerned, we're playing 'Monopoly'. Also, and this may just be the Agorist in me talking... Who cares?

Seriously this has already been discussed on the glbse forums here.

https://glbse.com/forum/viewtopic.php?f=15&t=78

tl;dr: Technically, you might be breaking the law. Practically, there's no way to prove it.

The IRS might care if my business is audited and they investigate where these funds that my business raised through GBLSE have come from.  Of if my business is sued by an shareholder/bondholder for any number of reasons and it comes to light with the SEC that my business made an offering of securities without registering, and without due diligence on the residency/citizenship of each investor.  If you are offering securities to investors outside the US, I'm sure that you would need to respect the securities laws of the country where that investor is from as well.


I really like the idea behind GBLSE and being able to raise capital easily through debt or equity offerings, but after reading through the link provided on the GBLSE forum I wouldn't feel comfortable putting my business at risk.

I don't think anyone is encouraging you to not pay your taxes on whatever transactions you make.  Maybe I'm not seeing the problem, but wouldn't that keep you safe?

My point was that it is more than monopoly money that is being transacted, and that the IRS and the SEC will care about it.  Taxes should be paid on transactions just as you said, but from the forum on the GBSE website, it sounds like offering securities to US investors without SEC registration is against the law.  Offering securities to non-US investors is likely regulated as well in whatever foreign jurisdiction the particular investor resides.

myrkul: You're wrong, as the thread on the forum mentions, having as part of the terms of acceptance to purchase the share being that you are not an American citizen covers it from the legal side.
 
The SEC will care about it eventually, currently we're too small for it to take notice. That doesn't give us a free hand, but it does give us time to prepare.

With regards legality it IS illegal offer securities to U.S. citizens if you are based in the U.S., as was discussed in the GLBSE forum thread, this is covered by having terms and conditions of acceptance before being allowed to purchase. Stating that by buying this share you accept the terms and conditions, one of which is that you (as the buyer) are not an American citizen.

Doing so will keep you in the clear, so you'll have nothing to worry about.

As for other the stock market agencies and rules of other countries, the SEC doesn't care about those.

Nefario.

I don't remember mentioning anything about that, but, OK. Either way, I could care less what the SEC thinks, or the other regulatory bodies. GLBSE is exactly what the Bitcoin market needs.

Thanks, also we've just had 3 more share/assets listed.

Two by IBB and a bond.

Nefario.

Current web UI doesn't allow me to transfer bitcoin to a created account.

I still get a pop-up with "[object Object]      <Ok>" when I click the "Get Deposit Address" on the current version of FireFox running on Mac OSX.

Also annoying, I still can't post in the correct forum due to newbie (cursing the hours spent lurking) status.

-#tew

Hey tew, hmmm.

I don't have a mac to check this out on, and there has been others also on mac some time ago that had similar problems.

Do you get the [object object] error for any other function, like say Bitcoin history or market history.

The only advice I can give ATM is to give Googles Chrome a shot.

Let me know if this worked or not and we'll see where we go from there.
Nefario.

Thanks for taking the time to help me with this.

Yes, I still get the problem in Google Chrome (the browser, haven't tried running the Chrome OS in a VM yet), as well as FireFox.

It also occurs with Market History and Bitcoin History.

I'd post the screenshot, but i cannot seem to attach an image to this message - "Additional Options" doesn't show that as an option.
Is there a simple way to directly attach or send an image without a link to an external web site (apart from email)?

 -#tew

I don't think so, you'll have to use an external image service like imgur.com

We've now got an SSL Auth signed cert, no more nasty warnings  :D

Very good!

Nice!