I do know what I'm doing. The signup form simply does not give us a QR code when signing up. And I did send support@glbse.com an email before posting here

Edit: sorry for sounding snarky. I just interpreted "stopping people from turning it on without knowing what they are doing" as suggesting that it's a user error rather than a site bug.

What? Because people are free to sell their property however they see fit. This isn't about transferring assets "under the radar" but about simply allowing OTC trades. gigavps is well connected and trusted in the bitcoin community, and he can get people with deep pockets who might otherwise not use glbse interested in his offering. If he decides he wants to appeal to them by offering his bonds to them at a slightly lower rate (I don't think this actually happened, but it has happened elsewhere), that's his prerogative, and glbse doesn't have a mechanism for that. And why should it? An exchange exists for two primary reasons: to pair up buyers with sellers and to act as a trusted third party so that counterparties don't need to trust each other. In gigavps's case, he needs neither of those for his IPO, because he is already well connected and well trusted (so nobody's worried about sending him coins and then receiving shares later).

From that perspective, there's no real reason for gigavps to go through glbse for his initial offering at all. For smaller companies, the IPO listings page might actually get them exposure that they would not otherwise get, and they don't have the unquestioning trust that gigavps has so glbse provides a useful service for them.

Now, I'm not arguing that gigavps should not use glbse at all. Holding shares on an exchange adds liquidity to the shares, which is inherently valuable. The speed at which gigavps's offering sold out suggests people think it's underpriced, which probably means there'll be some pretty active trading of gigamining on glbse, possibly generating even more fees than the initial sale would have (at higher prices).

Note also that these are bonds, and not shares.

What gmail account? As far as glbse is concerned, I have no gmail account.

What should happen:

• Request two-factor authentication
• Get a secret code in the form of a QR code to use with google authenticator
• Have glbse reject any actions from someone without the two-factor token
• 
• Profit!!

But we're missing a step:

• Request two-factor authentication
• Get a secret code in the form of a QR code to use with google authenticator
• Have glbse reject any actions from the user without the two-factor token
• 
• Piss off your users!!

It's very Apple AppStore-ish

Nope, hasn't been corrected. I just tried creating another two new accounts and I get four checkboxes to use two-factor auth on specific features. Checking all of them, I still get sent straight to my account page after clicking sign up, with no QR code. At that point, I'm stuck with an account that thinks I have two-factor auth turned on, but I was never given the secret key.

Blitzboom has also verified this independently on IRC. Apparently, if you don't turn on the two-factor auth checkboxes during signup and turn them on in the settings page, the QR code is displayed correctly and all is well.

I signed up for GLBSE a couple of days ago to buy some of amazingrando's bitbonds and have decided to withdraw some of the coins I have in my account. I was surprised to see that the withdrawal page wanted a two-factor auth token, since I don't remember ever setting one up. My settings page seems to have ambiguous wording about setting up two-factor auth, but there's nothing clickable on it: http://snapplr.com/febd

I went through the signup process again as a different user and indeed, it does give me four checkboxes for choosing what features I would like to use two-factor auth for, but then it never gives me a secret key or any indication of how to work the two-factor auth. Most sites I use Google authenticator with give me a 2d barcode to scan and I've never had any trouble with them. Am I missing some crucial detail? Or is the two-factor stuff not ready yet? In which case, perhaps it'd be better to disable the four checkboxes during signup, so that people like me aren't stuck unable to do anything with their accounts.

Has anyone figured this out? Maybe I'm just being stupid here

This sounds stupid to me. It's somewhat akin to you claiming ownership over our paper share certificates and preventing us from exchanging them in person. You can't kill the OTC market, and it's disappointing to even see you try. MtGox does not attempt to police it, and if anything facilitates it by creating MtGox codes for both fiat and bitcoin quantities (even though this sometimes means lost fees for them).

I appreciate that you'd have liked to see your fees attached to gigavps's 10k btc, but the shares are his to sell however he wants, and doing this is short-sighted and detrimental to glbse. If anything, the move seems like an excellent way to kill any kind of good will people had towards you.

Can we tone down the language a bit from "X IS A SCAMMER" (possibly with a question mark on the end of it) to "I have suspicions about X. X, can you address these questions for me?"

Occulta has done a lot of business with many people and has had no issues. Perhaps you want to know where he gets his cards and perhaps he doesn't want to tell you. Then you don't do business with him, if you don't feel comfortable with it. Why must everything always be a binary choice between "sweet! I'll take 100 of these" or "NO ZOMG YOU ARE A SCAMMOR" for some people?

So you have a bunch of questions about Occulta. Ask them, but don't call him a scammer until you actually have some evidence that he is a scammer. Adding a question mark does not change things, by the way. Or do you need me to go around asking people if they know whether gamer4156 murdered his wife last year?

I can't stop eating the raspberry ones in particular. I might have to order more of these things. If I gain 20 lbs I can blame it on bitcoin and the bees brothers

I can't comment on the math (it's too hard for me) but some English-speaking countries do pluralize the word to "maths"

Note however that watts / second is a unit of energy acceleration, which sounds terrifying!

If you read his other posts, he seems to have an almost irrational fear of anything pertaining to religion, harmful or not. I wouldn't bother trying to argue about it.

I think you meant:

Can you comment on why your site looks almost identical to hyipbit.com? Is that a common template? There are other features of it that suggest they came from the same source, too.

Do you have an ETA on the next issue?

Reputation is built by posting on the forums and demonstrating that you've invested time and thought into bitcoin, as well as by doing business. If you had a few hundred insightful posts behind you and asked for 2 btc, nobody would think twice about giving you this loan. You joined the forum a couple of weeks ago, with 50 posts total, of which 5 are on this thread asking for a loan, 4 are on an earlier thread asking for another loan, and the rest are reasonably short, it's obvious that you haven't invested a lot of time into this identity.

Think of it this way: if you see a guy asking for a loan with 1000 posts in his history, each of which could be considered for publication in a reputable journal, you can assume he's probably put 10000 hours into his online identity. He may be pseudonymous and not have done any business, but time is money and he's clearly put a lot of time into his pseudonym. If he goes asking for a 10 btc loan, you can feel reasonably confident that he's not planning to scam you simply because it'd be stupid to throw away a reputation that you put that much effort into over 50 bucks. If he's asking for 20k btc, you might ask him for more verification.

This isn't to say that people with lots of posts are more honest than others. It just means they've sunk more into the community and have more to lose by being dishonest. When we see people show up here and ask for a loan a few days later, it either screams "irresponsible" because who needs these tiny consumer loans, or it screams "scammer", because a scammer's not going to bother putting much effort into building up an identity only to throw away its reputation over a few bucks.

Then again, 2 btc is probably below that threshold for many people. But if your current strategy is to post on other loan threads bitching about how people don't take little guys like you seriously, you might want to redirect that effort to actually contributing to discussions instead. You'll learn more about the community, the technology, and the economy, and you'll look better to potential lenders. What's not to like?

Mine arrived today and they're delicious! I had them delivered to my office and my colleagues are devouring them!

He'd also give you a crapload more coins if price went to $0.01

Dammit, can't you leave an honest scalper a few hours of peace and quiet to do his job? 

I'll sell you a bunch for 2 btc each, if you want them sooner

Fair enough