So why do people want to hide their identities?
They value their privacy. Again. |
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As part of its ongoing efforts to blablabla and all that, MPEx is happy to offer interested users the following arrangement: any forum participant with a post count of at least 100 who changes their signature to BTC doesn't care about the SEC. MPEx rules! will receive his post count * 0.001 BTC at the end of one month, provided he doesn't switch his signature in the meanwhile. Please post here with your new signature so we can have dates. Include payment addy in that post. And last but definitely not least: Bitcoin is here to end government. Not any particular one, just absolutely each and every last one of them. To work! @ MPOE-PR - It would be pleasing if you could change the text to something that doesn't flaunt in front of the SEC. If your really about the Bitcoin community, you will understand why I am making this request. Do we really want more resources and people with a "chip on their shoulders" to push down harder? |
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GLBSE has been closedI'm sorry to inform all our users that GLBSE is no longer able to continue operating, and has now closed. Q: What does this mean if I'm an issuer? We will do everything in our power to make the process of moving off GLBSE as smooth as possible, we are currently working on a simple, safe, and easy to use method that will allow you to continue your relationship with your asset holders Q: I'm a GLBSE user, what about my assets and my bitcoin? You will be able to get back your bitcoin, and if you want to reveal your username, email, and a bitcoin address to accept payments with, you can continue your relationship with the issuer of any assets you hold. We will begin retuning bitcoin once we have recieved all coins from the GLBSE treasurer that manages the GLBSE cash reserves. BitcoinGlobal (GLBSE's partent company) shareholders and board voted for them to be returned immediately, we are awaiting compliance with this order. https://www.glbse.com/]: [url]https://www.glbse.com/
Note: This is being discussed on some other topics but I did not see this announcement in here.
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But unregistered securities havent been sold thats the point, because it has to be bought with fiat,
Thats not what I read in the securities act of 1933. They have to be traded for value. (3) The term ‘‘sale’’ or ‘‘sell’’ shall include every contract of sale or disposition of a security or interest in a security, for
value. The term ‘‘offer to sell’’, ‘‘offer for sale’’, or ‘‘offer’’ shall include every attempt or offer to dispose of, or solicitation of an offer to buy, a security or interest in a security, for value.http://www.sec.gov/about/laws/sa33.pdfIt doesnt mention fiat and good luck making a point for court that bitcoins have no value. Thank you, I was about to cite something along the same lines. Where do people think that you need to buy something with "fiat" to break laws? Just because it is hard to trace something to you doesn't mean you not break the law in how you use it. |
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FYI: The original account holder (the first email addressed used) can always get this account back if they call Blizzard and tell them he got hacked. I purchased and account once and it happened to me.
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You may be one of the only actual issues out there that makes sense and has the ability to pay. |
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"Another one bites the dust" - Queen
Again, any interesting bearing long term commitment is most likely a scam. How many more do we have left?
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Thank You Maged.
Well at this point, it looks like your just need to make up your own mind on who you think is right in both these cases. Personally I need to re-evaluate who can hold any of my assets and what investing activities I will take in the future.
Word of advice to Nefario: Make an official statement on both Goat's and DMC's account actions. Those were quite severe and it looks like at least Goat's was personally motivated and that there has cost you customers and faith that you would not let your personal issues with specific people interfere with your responsibility as one of our exchange operators. I really want you to weigh in.
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They important point is just that: I PAYED for a service which GLBSE no longer provides.
So Nefario, when you delisted my bonds you should PAY ME the trade fee, since i have to do it all by myself from now on.
Thats doesnt fly IMO. You paid fees to acquire (or sell) the assets. That service has been delivered. Now you want another service, ie, sell your assets again, and nefario is no longer offering that service, and so wont be charging you for it. I see no reason for nefario to reimburse you. (btw, not trying to be a spelling nazi, but its spelled "paid") Ahh, but the problem with all of the current exchanges (including GLBSE) is that they not only provide the service of facilitating the sale, but they also act as the sole recorder of ownership. This is an important point on being the only official holder of record. This makes them more than "just an exchange". On regular exchanges, you could through your broker request the actual physical certificates. Side note: EDITED. Mod has said his piece and I have said mine below. I am over it. Guess public pressure wasn't enough. |
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Because we already have a centralized solution, its called Fiat currency controlled my central banking cartels (I use those words exactly, don't assume the meaning, look it up).
HERE, we are trying something different.
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I have some sona skin codes from PAX Prime 2012 for the Arcade Sona Skin + Champion. NA servers only. Once payment confirmed I can email or send the code over secure chat.
Price: BTC .68
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How would you suggest going about an insurance marketplace?
The basic idea is that you identify specific risks and then allow people to post offers to insure for or against that risk. The hard part is specifying precisely what the risks are, what the terms of the insurance offers are, and how you determine whether the insurance has to pay out or not. For example, let's say there was a mining bond offered on GLBSE and someone wants insurance that the issuer won't default. The risk can fairly easily be identified. There would likely be a 100% payout if the bond was delisted from GLSBE or trading was stopped and a partial payout if the value of the bond dropped below some specified level, say half its average price around the time of purchase (in case there was a gradual or partial default). These are things that can readily be objectively identified. Time frames can be standardized, 30 days, 90 days, 6 months, 1 year, and people can place bids/asks for particular quantities at particular price points. A thriving market in this type of insurance would be extremely valuable because it would provide a crowdsourced estimate of the reliability of various issuers and securities. Which basically evolves it from the idea of using BetsofBitco.in. It gives it the user the same safety as an insurance policy calculated with statistics, but without a lot of the added strings. Not to mention it lets the community determine the risk of an investment, which can give it the same sense of "easy money" associated with the betting and other popular gambling sites. I would personally use this service. A couple of big concerns come to mind when thinking about a community like this. How large would the user base have to be in order for the service to stay active? How would the insuring process go? I imagine something like this: User1 makes a request for insuring 1 BTCUser2 insures User1's request 100% (being 1 BTC if their investment fails) @ 50% a year User1 accepts by sending .5 BTC to User1's account User2 sends 1 BTC to an address provided by the service and is provided part one of the privkey. Is also credited the .5 BTCUser1 is given part one of the privkey Depending on the results, part two of the privkey is given to the correct party If the community interest is there, I am committed to helping make this service happen. The reason insurance of financials in BTC is impossible (yes, outright impossible) is the anonymity of the currency. The issuer of the insured asset could buy insurance against his own default and you'd never know.
While true, someone would have to provide insurance. As it turns out, 100% insurance is looking unlikely at any reasonable rate. I would be interested in forming a group and reviewing liabilities. |
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I need more time to think about this. I can see Peter's points and I can see what your pointing at as well.
The only thing that stood out I would like to address is this:
If you want Bitcoins' market cap to rise above a couple hundred million, there are necessarily going to be "Establishment" players that work with Bitcoin. - Bitcoin Foundation Chairman
Bitcoins market cap is going to rise well beyond its point right now because of this interesting trend that I believe will become fact.
Bitcoin is being used as a Wealth Reserve Asset.
Just like precious metals like Gold & Silver bullion. What makes it more attractive is that you can transport it quite easily without being burdened with a physical metal on your person. With the amount of credit creation that is planned as far as the eye can see, people will continue to diversify and Bitcoin will enter more "smart money" players portfolios. People want protection from efforts that can not stop or really contain. That is the reality at this moment.
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I do have a sona skin + champion from PAX 2012.
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Nefario's silence on this issue basically supports the case that this was personally motivated. He has logged in multiple times and I am quite sure he is aware of the numerous people that have asked for his official statement on this situation.
Caveat Emptor
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Please note: nefario has locked my GLBSE account and most likely stolen the backing money of the insurance fund. Until this is resolved, do not buy any more shares of DI.BFLSC.
Why was your account locked? Nefario was trolled into believing I was stealing from DMC instead of actually looking at my account and noticing Ive never withdrawn BTC from my DMC subaccount. Thank you for this update. |
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Please note: nefario has locked my GLBSE account and most likely stolen the backing money of the insurance fund. Until this is resolved, do not buy any more shares of DI.BFLSC.
Why was your account locked? |
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Umm... 30 BFL MiniRigs cost 900,000USD. Why would someone buy almost a million dollars worth of mining hardware, just to sell it to you at cost?
I was wondering the same thing. Incentive is what gets people up in the morning, after their coffee. |
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I would be interested if I could get a more reasonable pricing structure in my opinion. I understand how the physical market works on these things. Your pricing is still out of line even for such a rare material.
Find me one cheaper than mine that you can pay for with electronic payment and I will consider it. Ok, that is a valid challenge. Let me see if I can provide you an example. Just for the record, you can consider me a potential customer. I just have some experience with these types of purchases and understand how the back-office works and what happens usually when you buy from a dealer and why they are their fees. |
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