its getting awfully quiet in here :x
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Do you have a plan for when ASICs will be real? Will you upgrade or close the shop? And if you upgrade would you upgrade existing bonds' Mhs per bond too?
I am asking this to know if it might be a good idea to invest something more here.
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Is there something we can really do?
I mailed both Nefario and support@glbse.com. Nefario did not answer, and Support@glbse opened a ticket 2 days ago, but its status is still "Awaiting assignment to a help desk operator". In my ticket I resumed the facts and requested "to freeze the asset and/or release the identity of the issuer and/or take any other action you deem appropriate." Maybe if someone else open a ticket too they will wake up. |
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That doesn't make sense. You previously wrote that you don't expect to get your money back. Now you write that you are waiting to get your money back.
I don't expect to get my money back unless I raise a hell here and elsewhere, since we are dealing with a phucking thieve. Clear, genius? |
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This winter i am going to keep hashing with my 5 VGAs just for the subsidized heating (speaking 'bout poor-man mining), like last winter. Then we'll see
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Yes, the same day that the cows get back in the barn.
+1 If you don't think he will come through, then dump your shares (if you even own any) and move on. Otherwise, you are just trolling. You have nothing to contribute. Go away. moparguy is breaching the contract in any way from several weeks and you are trolling in his favor?! But you are probably right about dumping, even if it now means a 50-60% loss, thanks to the honesty of the scammer who sold us his crap. Now you can go away. I will stay here until I get my money back. |
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It's simple. Some people want to sell now, so they sell for 0.5 BTC, and some people are willing to wait, so they buy those shares cheap and make a nice profit in the end.
Where does the nice profit come from for those people who are buying? When moparguy buys them back over time. Yes, the same day that the cows get back in the barn. |
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If on the other hand the bond is less than enough to indemnify shareholders then it's of no interest to scammers. So they list an "asset", sell 100 BTC of "shares", leave 50 BTC in the bond, pocket the 50 and disappear, big deal. It is however a pain in the ass to legitimate shareholders, who now have to pay dividends (presumably) without being able to invest half the proceeds (cause they're in a bond).
This path leads to nothing.
It would not be a pain in the ass if -in case of breach of the contract- the asset get forcibly liquidated using the fund to indemnify (partially) the investors. It could be seen like an insurance, and it may make sense if the asset issuer contribute significantly to it (in advance, not just with the funds raised from investors). edit: honest asset issuers would be motivated to fund even a 100% insurance fund, since that money remains their -even if locked for a period- until they behave honestly. |
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So, does usagi know something about FPGAMINING that you dont, or is he just buying up distressed shares that he already owned to temporarily push up GLSBE prices to inflate his book value (and even then doubling that value in his books)?
lol. Another nth-degree scam? That's what happens when you don't stop a scam fast. |
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There really should be some kind of bond that the issuer would lose in case they break their contract.
I've suggested this many times to Nefario. It could be another level of verification (and the only one that would actually matter in my eyes). "Bonded for X BTC against default" would go a long way in providing a bottom for shares and instilling confidence in GLBSE assets. This is really worth of another thread. It could be entirely voluntary and fractional (e.g. cover an x% of the value of the total shares issued). With such guarantee (to be managed by GLBSE in case of a proven breach of the contract) many (if not all) investors would be happy to accept a much lower interest, so it would be a positive-sum game since everybody would gain something. edit: but it is to be solved what happens when someone keeps issuing more and more shares, even after he already defaulted like in this case. |
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There really should be some kind of bond that the issuer would lose in case they break their contract.
Good idea. I just contacted support@glbse.comMy request for a scammer tag remains though. |
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This turns me into a really butthurt and annoying faggot. Especially when I think everyone hates me.
"I'm obviously the kind of guy who trusts no one, and for good reasons and for bad reasons. But reasons. Lots of them. Thousands of reasons! Like those phone calls where I merrily answer "Hello?" and they, mysteriously, hang up. Or when I answer a phone call by saying, "Hello? Is this the idiot who called, and then hung up when I said 'hello'?", and then the caller says, "No! You're an idiot!" THEN they hang up! Weird! I mean, how do you make sense of ANY of that, except by first assuming that everybody is out to get you, then it all falls into place? In fact, every time I turn around, there more corruption, more theft, and always someone else not to trust, which is, I am sorry to say, always "par for the course" at the end of long monetary booms, where a continual flood of new government money, year after year, enticed more and more greedy people to commit corruption upon corruption, deal after deal, decade after decade, until the misshapen economy evolved into a big, nasty spider's web of debt, lies, thefts, blackmail and worse..." http://mogamboguru.blogspot.com/2012/08/moment-of-exquisite-mogambo-revenge.html |
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Quote from one of his latest articles -an apt self-presentation-: "Yes, I am The Mogambo Guru! Live, and in person! Yes, The Mogambo, sent to Earth from a planet far, far away to tirelessly yammer, yammer, yammer his big, fat mouth to Earthlings such as yourself about the Gospel Of The Mogambo (GOTM), which specifically dictates the buying of gold, silver and oil when the money supply is being increased rapidly, and to build elaborate underground fortresses as a defense against the raging and looting by hordes of desperate, zombie-like leftist morons who think that 'There is such a thing as a free lunch if the government borrows and spends enough money to fund enough government programs,' and who are thus deservedly bankrupted and destroyed by inflation in prices, suffering mightily in the general destruction of the whole stinking, stupid, bloated, cancerously mal-invested economy, based, as it is, on massive government deficit-spending to force American will down the throats of the rest of the world, and to require universal equality of outcomes, per the completely-discredited Marxist idiocy by leftist morons who believe such ridiculous commie crap, and all financed by the foul Federal Reserve blithely creating the outrageously huge amounts money and credit out of, literally, thin air." From: http://mogamboguru.blogspot.com/2012/08/the-mogambo-speaketh.html |
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