I would recommend people who hold assets of the delisted company, contact the person who is operating the delisted company, as that person is who controls your shares.
Both parties agreed that GLBSE would control who owned the shares. GLBSE gave them to Goat. They're not bearer bonds, they're not "your shares" just because you have a claim code issued by GLBSE. GLBSE has no authority to issue its customers claim codes that Goat must redeem. Goat never agreed to effectively a bearer bond and he certainly never agreed (nor would have under any circumstances) to a scheme where GLBSE issues its customers claim codes that Goat must honor. What obligations to you are you talking about? I would assume GLBSE's obligation to secure its customers assets and transfer control of them only as agreed rather than giving them to the issuer without authorization from either party. The agreement already is between the issuer and the asset holder and glbse doesnt own anything. The codes simply tell goat which amount of shares belongs to which owner and if he really wanted to he could simply setup a new account at another exchange and issue people shares as they redeem the codes. This is nonsense for multiple reasons, among which is the simple and obvious one that you can't have contracts between unknown parties. The only valid way to treat financials in BTC is as stemming from a contract between the issuer and the exchange (which is to say, the way MPEx does it). I would also like to know why they were delisted. There should be an official reason if not well who knows who is next. Diablo-D3's operation was unfrozen after a month. No action was taken or explanation on why it was frozen and then unfrozen.
This. |
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Fascinating.
Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist?
You're kidding, right? We use it because it provides a service. I agree, it's very slow at times. But not all of us can afford to pay >200 dollars for a website that could be gone in a year or two. I'm sure you can say that your site is only for "serious investors." But if that's true, why do you come on the forum and berate nobodies? Don't you have serious investors to take care of? ~pyotr Well, no. This is specifically what I do, talk on this forum. It's kind of a sucky job but someone has do it (apparently). Also, you might want to read this. Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist?
In general, the fact that most assets are terrible isn't an issue for me: and the fairly irrational behaviour of most investors is an absolute positive for me. Bear in mind that I'm not buying most assets to hold - just to turnover a quick 5-10% profit on. That's harder to do somewhere that there's sensible pricing of stocks and good liquidity. The API takes about half as long to load data as the web-interface. So far my own bot/trading interface can only download data (having issues formatting POST orders). So right now all it can do is monitor my bids/asks and warn me when a range is moving, one of my orders has been filled or my order is no longer priced in the correct spot. Once I've sorted the POST side of things I'll then be able to delegate the actual placement of orders to software, meaning it wont take much of MY time to place 5,10 or 100 orders. When I last looked at MPex there wasn't much diversity there - the problem would become one of there not being 6 stocks worth bidding on, rather than (as it is on GLBSE) the sheer pain of actually trying to place and monitor 6 orders. FWIW I have no interest in options at the moment. Apologies for derailing the thread - but it seemed an honest question and deserved an answer. I see your point.
Fascinating.
Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist?
Because it is the only serious exchange available? for money losing fools, this is correct. There are serious exchanges for people who prefer to make money, but you're not using them. You're looking at porn. My friend, there are a number of good assets on GLBSE. The problem is that you can't find them. PS: One of them is in my signature. Not really. Actually, the reason you spend half your waking hours trying to sling mud is simply the fact that I called out your scam a while back. You really should be ashamed of yourself. You can't value shares on GLBSE based on bid depth - as there's very few shares which have any signifiant bid depth at all. That doesn't necessarily reflect any lack of desire to bid for shares on GLBSE - it's (in part, maybe largely) down to a couple of major problems with GLBSE itself. Here's why:
Say I have a chunk of funds I want to invest (I mainly day-trade, rather than invest long-term on GLBSE). I look at my short-list of stocks that I'm willing to touch (majority of offerings on GLBSE I won't even buy to flip). Maybe I find 6 where I'd be happy to have someone sell into my bids.
I have X BTC available. What I'd LIKE to do is put bids on all 6 stocks for X BTC worth and take whatever gets sold to first (volume on most stocks is pretty low - so I can't be too fussy which I get unless there's a very good reason to want to favour one). Obviously if one of my orders got sold to then the others would be automatically reduced down to whatever my remaining balance could cover. But GLBSE doesn't support that (or even the cruder alternative of cancelling any bids which can no longer be covered in their entirety). That's the first problem with GLBSE.
So: my alternatives are either to bid X on one stock or to bid X/6 on all 6. I'd prefer to do the latter - but X isn't particularly massive and here the second problem with GLBSE forces me to do the first. That problem being that GLBSE appears to be run on a 10 year old computer connected over a 56k dial-up modem. Loading the market regularly takes 10-20 seconds and about 1 time in 3 it doesn't even load properly (plus after I place an order it gos back to portfolio rather than staying on market - meaning I have to go to market again to double-check my order is correctly placed relative to other orders). It's just not an efficient use of time to try to place and monitor multiple orders with a small value of X.
This means that, most of the time, the bids from me on market tend to be 1/4 - 1/6th the size they'd be if the site worked in a more reasonable fashion. It also means that there's always a bunch of stocks that I'd have bids on if it weren't such a chore to actually place them.
Unless i'm unique in this (and I KNOW I'm not as others have said pretty much the same thing) it means that the actual bids on stocks don't reflect the real funds available (and willing) to buy them. Pricing based on Asks is obviously not correct (the lowest Ask is the cheapest price someone is willing to sell for but noone is willing to buy at right now) - but trying to price based on bids on GLBSE would be far more misleading.
Fascinating. Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist? Because your exchange is run by an anonymous entity and people should not get in the habit of investing in such things. Nearly all the time they turn out to be scams. Plus you also dont verify anyone who lists on your exchange either. You're seriously saying Mircea Popescu is anonymous? That's the man's name wtf. |
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What does this shut down mean for GLBSE's chances at "going legit"?
Are you asking what does Mt. Gox is having trouble with their bank mean for a BTC-only business looking for approval by the UK securities regulator? That's like asking what an auto manufacturer recall will mean for a restaurant about to undergo a visit from the health inspector. From leaked information it would appear Nefario is in no way seeking to "become compliant". He has simply retained the services of a company registration firm such as mynewcompany.com for a modest fee, and is looking into but hasn't yet completed some form of LLC registration. It is possible that in his mind this amounts to "having become compliant", but in the real world outside the insane asylum it'd be the rough equivalent of entering the race of President of the US by means of spraying a graffiti announcement on the south wall of temporary shelter. |
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Yes, the WoT is where it's at.
Yes, the pirate and the pedophile Mircea Popescu started there. Everybody can spend 10 BTC and buy some ratings. Right. It truly means nothing. I'm more likely to use my ebay account than a bitcoin-spawned service. At least, today. In that case what exactly are you doing here? |
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Usagi is the one at the head of the group.
Most of the members of the group are pretty solid.
Usagi is the one at the head of the group. Most of the members of the group are pretty solid. Sense. Please make some. |
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Consideration isn't a synonym for gain or profit. It requires an exchange, a trade. The commission paid isn't paid for the promise, it is incidental to it. It may have happened because of the promise, but not in consideration of it.
I fail to see this distinction you make. lalala... a bunch of other stuff from a bunch of other people... So you are here in this thread as a GLBSE owners speaking for GLBSE. I now understand your personal attacks in the other threads.  So you told Nefario in secret but nefario still said they were worht money and let them trade Why did you not bother to tell us before now? Why let people buy them at over 10 BTC each? Are you part of the fraud? Should you also be listed as a scammer? Did you list the fake GLBSE shares? "fake" GLBSE was tradeable in GLBSE 2. That is a fact. Not only was it moved to GLBSE 2 but it was tradeable. That is a fact. You have called me a scammer many times all over the forum. Yet the only thing you posted in the "Goat is a scammer thread" was personal insults. As a GLBSE owner I hope you can back up your claim and post what you have in that thread. I look forward to your apology if you do not post evidence. Sadly I was one of the few honest asset issuers on GLBSE 1 and 2. I did not know who all the owners where but had I know one of them was you I would have never taken part. You and nefario... I got in cuz I trusted Theymos and now he is wanting to leave... Smart man... No. Categorically no. I am not now, nor have I ever been a GLBSE Actual owner. And when theymos' shares come on the market I have no plans at this time to become an owner, or shareholder in GLBSE Actual. I have no standing whatsoever to speak for GLBSE in any capacity. I was responding to facts of the timeline as I know them from personal experience, and trying to address your mis-characterization of those responses to someone else's question in furtherance of your own agenda. No. Categorically no. I did not "tell" Nefario anything at all. I had a discussion in regards to the fake asset. A discussion that is not germane to your rant, nor are you welcome to make assumptions about it in support of your agenda. What exactly am I "telling" you and the cast of imaginary thousands you refer to as "us"? I responded to a courteous question with a courteous answer. You decided to spin it off into something that it wasn't. I have no obligation, legal or otherwise to make sure that you understand the concept of due diligence. You have held yourself out as a competent businessman and offered your services as manager for other people's funds. One can only hope that you understand the very basic requirements to study those investments before you accept others funds in trust to invest in them, although I fear as your history with the pirate situation has shown, you don't. So, sorry, but is not my job to tell you squat about anything. Do your own damn homework, before you go off playing in the grown up world. As to standards of evidence- go fuck yourself with a barbed wire condom. You are not in a court of law, yet, and until you are I have no obligation to present anything to you anywhere about any topic. You are a lowlife, a scammer, a criminal and wanna-be white slaver. You are the lowest form of contemptible trash is this community, and I have no obligation to produce anything to prove that to you- the whole world can see it from your incessant words. No. Categorically no. I never listed any asset at all on GLBSE. I briefly considered a couple of concepts, but watching amateurs like you and Peter pretty much convinced me that GLBSE is a playground for the desperate and intellectually challenged. Not a place I want to put much effort at all. Since there was no asset ever listed, your ridiculous comment that I am a scammer is utterly hollow. GLBSE Fake was never tradeable on version 2.0 of the market. It was imported as a locked asset. Otherwise you could have just listed them and shilled for yourself as you did for pirate. They were not tradeable so you had to make another of your boring threads seeking to trade them through a direct transfer, while seeking an obscene profit level for your poorly thought out investment. Unless your feet have become blocks of ice, Hell hasn't frozen over yet, so you can keep waiting for your apology. It will be forthcoming on the twelfth of never. Until then, fall back on fucking yourself you miserable cheat. The only sad thing about GLBSE and Goat is that you ever discovered it, and somehow managed to slip through the review and list assets. That their legal counsel had advised shutting you and your scams down is a strong testimonial for the integrity they are seeking to build around the brand. Oops, too bad for you little scammer boy. And again, just in case you remain too dim witted to understand- I never was, never have been nor will ever be an owner in any capacity of GLBSE Actual. If the few shares of GLBSE Fake that I bought on the market during 1.0 and sold on that market during the short window that they could be sold, were in fact sold to you- then I laugh my ass off at your stupidity in investing in something that was clearly and publicly proclaimed to have no value.And you would probably be well served to not second guess theymos' motivation in offering some of his shares- you will probably be as wrong on this subject as you are on most all others. Whoa. Wait just a minute there. You did what? |
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I'd like to stay out of the rest of the mud slinging, but wish to state that the following point is incorrect:
GLBSE Fake was never tradeable on version 2.0 of the market. It was imported as a locked asset. Otherwise you could have just listed them and shilled for yourself as you did for pirate. They were not tradeable so you had to make another of your boring threads seeking to trade them through a direct transfer, while seeking an obscene profit level for your poorly thought out investment.
GLBSE Fake definitely were trading on GLBSE 2.0. I can provide evidence for it trading on May 3 and May 15. I also can not recall ever seeing a retraction of Nefario's offer to convert fake to real, and my trading was done on that basis (more for novelty value than anything). I wrongly assumed the same thing. I assumed they were locked and not tradeable but it appears they were. It should have been dealt with properly after the fake shares were discovered as its now a lot more awkward to do so. It does remind me of the facebook movie a bit. I wonder how a judge would see this in future if theres a lawsuit. I must have missed your retraction in the Goat-scammer thread. Not because Goat isn't shady as all hell (hey, he still hasn't found time to post pics of his supposed mining rigs, 6 months later), just because what you stated there is factually wrong. |
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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.
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So, your honest Usagi is actually a scumbag who is willing to pay for users to troll hes competition, while he wastes your hard earned coin on questionable "investments"
Oooh, pick me, pick me! I'll do it! Just send me the list of targets and I will troll the heck out of them for a salary in bitcoins  Although, now that the plan is out in the open, it might not work so good. But You could still pay me to put up posts. This is what I am piecing together: 1. Around the time I put up my letter to shareholders on August 1st, Mircea and I have an argument on #bitcoin-assets where ciuciu and I call him out for not having an education. We did this because he was continuously slandering and berating Nefario for not having a financial education. Well it turns out that Mircea has no education at all (no post secondary education). 2. He puts me on ignore. 3. August 5th. Mircea contacts EskimoBob and possibly others, requesting that people create sock puppet accounts to discredit me on the forums.4. Accounts are created in the 2nd and 3rd week of august -- particularly Puppet and Deprived. 5. Attacks begin before they're even out of the newbies forum. They literally leave the newbies forum, and head straight to the Securities forum and start trolling in my threads. 6. After a couple weeks I corner EskimoBob on IRC and he agrees to a contract, which he breaks, netting him a scammer tag accusation (currently under review by Maged). 7. In response to this, he posts logs of a conversation he had with SOMEONE, but with my name in place of whomever it was. 8. TWO DAYS LATER.... MPOE-PR announces that people are being awarded 10,000 shares of MPOE.ETF. Among them are trolls who have been attacking me, however noticably absent are Puppet and EskimoBob as they have outstanding scammer threads which are under review. If I offered to do this mr. bear I assure you I have the resources. It is not a problem finding someone to do work like this, I assure you. This goes on in the real world all the time. Paid bashers. All the time. But I ask you; where are my employees? And who are my competitors? I am an insurance company. WTF? I'm the only one! Hot shit. EskimoBob OUTED himself on this one. It's so obvious. Right after "someone" offered to employ eskimobob (and a number of others probably), trolls start appearing and trashing my threads. Isn't it ironic that they would try and lay the blame on me. Only problem is, it doesn't make sense and actually points to them. For the record, this is complete insanity. |
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And, well...I've ponied up some time ago to trade at MPEx. I use a command line client, so I really don't give a rats ass if he's selling porn. The interface assures me that if necessary, the web interface can be pulled. It's considerably more secure than anything else I've seen in bitcoin. The original version of GLBSE used a command line client and private key authentication. Nefario changed it to the web interface that exists now because having to mess around with the command line actually made it unusable to most people. Some recent posts though seem to indicate maybe a stock exchange should not be useable to "most people" but, rather, be used only by "brokers", so maybe requiring some small amount of expertise to use it was actually a good thing, helping to keep everyone and their dog from trying to act as a "broker"? -MarkM- Don't forget a fee. Some minimal competence + some minimal bankroll. |
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Ahh, if only GLBSE was based on gpg signatures, like the real exchange is. In that case all these problems wouldn't exist, would they.
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Are you selling because the SEC is doing an investigation on GLBSE? No. As far as I know, the SEC is not investigating GLBSE. I talked to the SEC lawyer. He asked me about my GLBSE account. So they are investigating GLBSE. The thing people dont realise is if GLBSE gets taken down by the SEC then all the other bitcoin stock exchanges will follow shortly afterwards because they all sell shares direct to the public. If GLBSE is registered and has qualified financial brokers then selling bitcoin denominated securities is perfectly legal. Someone needs to take this step to bridge bitcoin to the greater economy. The pink sheets otc market is run exactly like this. For the record, this is bullshit. You wanna trade fiat, go trade fiat. |
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There doesn't need to be consideration in this case because there is detrimental reliance sufficient to establish promissory estoppel (see my other post). But there was consideration -- Goat acquired shares on GLBSE, transactions for which GLBSE receives a commission. You'd need a lawyer with huge balls to argue that this counts as consideration. A peppercorn doesn't cease to be good consideration should it become known the payee doesn't like pepper and has thrown away the corn. |
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Also this ridiculous "job offer" is probably something mircea asked you to do. Notice the dates everyone -- right after EskimoBob got this "job offer" numerous sock puppet accounts such as puppet and deprived started following me around on the forums. Fucking mircea popescu. Sics his MPOE-PR agent on me too. Get a life people.
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You can't value shares on GLBSE based on bid depth - as there's very few shares which have any signifiant bid depth at all. That doesn't necessarily reflect any lack of desire to bid for shares on GLBSE - it's (in part, maybe largely) down to a couple of major problems with GLBSE itself. Here's why:
Say I have a chunk of funds I want to invest (I mainly day-trade, rather than invest long-term on GLBSE). I look at my short-list of stocks that I'm willing to touch (majority of offerings on GLBSE I won't even buy to flip). Maybe I find 6 where I'd be happy to have someone sell into my bids.
I have X BTC available. What I'd LIKE to do is put bids on all 6 stocks for X BTC worth and take whatever gets sold to first (volume on most stocks is pretty low - so I can't be too fussy which I get unless there's a very good reason to want to favour one). Obviously if one of my orders got sold to then the others would be automatically reduced down to whatever my remaining balance could cover. But GLBSE doesn't support that (or even the cruder alternative of cancelling any bids which can no longer be covered in their entirety). That's the first problem with GLBSE.
So: my alternatives are either to bid X on one stock or to bid X/6 on all 6. I'd prefer to do the latter - but X isn't particularly massive and here the second problem with GLBSE forces me to do the first. That problem being that GLBSE appears to be run on a 10 year old computer connected over a 56k dial-up modem. Loading the market regularly takes 10-20 seconds and about 1 time in 3 it doesn't even load properly (plus after I place an order it gos back to portfolio rather than staying on market - meaning I have to go to market again to double-check my order is correctly placed relative to other orders). It's just not an efficient use of time to try to place and monitor multiple orders with a small value of X.
This means that, most of the time, the bids from me on market tend to be 1/4 - 1/6th the size they'd be if the site worked in a more reasonable fashion. It also means that there's always a bunch of stocks that I'd have bids on if it weren't such a chore to actually place them.
Unless i'm unique in this (and I KNOW I'm not as others have said pretty much the same thing) it means that the actual bids on stocks don't reflect the real funds available (and willing) to buy them. Pricing based on Asks is obviously not correct (the lowest Ask is the cheapest price someone is willing to sell for but noone is willing to buy at right now) - but trying to price based on bids on GLBSE would be far more misleading.
Fascinating. Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist? |
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Where's the interview? All I see is the journal of a giddy schoolgirl.
I lol'd I love how he cannot share any details with us.....but trust him.....everything is good. I am not crying scammer, it's just that this "interview" provides approximately zero new information. How's this for new information? http://codinginmysleep.com/first-look-at-bfls-asic-hardware/Sonny felt bad about the crap I've been taking so I got the go-ahead to post a little something  Actually, this is a lot better. |
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Yes, that's my point, calling themselves VC is really a misnomer.
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About a week ago the situation has changed: the market was awash with packages 100 shares each at the price beneath the nominal values.
It's called shorting. |
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Phrases in contracts like "in case GLBSE is no longer a viable platform" etc seemed to me overcautious... how ingenuous I am.
Cryptostocks seems nice, but, does anyone know if they are any more reliable?
I've spoken to cryptostocks, asking about enabling a method for assets to move from GLBSE easily to there, he had no interest. Not a wise decision. Networking would not be a bad idea. Have asked the other exchanges? What other exchanges? **** BEGIN LOGGING AT Fri Aug 17 20:54:30 2012 Aug 17 20:54:30 <nefario> which reminds me Aug 17 20:54:38 <nefario> I wanted to talk to you about options on GLBSE Aug 17 20:54:48 <mircea_popescu> aha ? Aug 17 20:55:12 <nefario> I'd like to add them ASAP Aug 17 20:55:46 <nefario> so would be looking at adding mpex as the options provider Aug 17 20:55:51 <nefario> or engine Aug 17 20:56:01 <mircea_popescu> rg was saying something about that. Aug 17 20:56:14 <nefario> I haven't talked to anyone else about it Aug 17 20:56:20 <nefario> just been an idea floating in my head Aug 17 20:56:23 <mircea_popescu> really ?! odd. Aug 17 20:56:49 <nefario> i've not gone into much detail on the implementation of options Aug 17 20:57:03 <nefario> and assume that your platform for it is fairly sound Aug 17 20:57:11 <mircea_popescu> it's done okay so far. Aug 17 20:57:24 <nefario> well you know what I mean Aug 17 20:57:28 <mircea_popescu> but in truth, bitcoin is a very dubious thing, so we don't really know. Aug 17 20:57:46 <nefario> its been running as long as GLBSE 2.0 has without any big fuckups Aug 17 20:57:58 <nefario> which in this day seems to be a major thing Aug 17 20:58:00 <mircea_popescu> actually it's been running since before bitcoinica. Aug 17 20:59:06 <nefario> something like that Aug 17 20:59:13 <mircea_popescu> yeah. Aug 17 20:59:15 <nefario> interested? Aug 17 20:59:50 <mircea_popescu> what'd i be interested in ? Aug 17 21:00:24 <nefario> having mpex and GLBSE hooked in together to provide options for all assets on GLBSE Aug 17 21:01:50 <mircea_popescu> not really. Aug 17 21:02:36 <nefario> fair enough Aug 17 21:02:40 <nefario> thought you might be Aug 17 21:02:43 <nefario> later **** ENDING LOGGING AT Fri Aug 17 21:54:39 2012 Fuckwit. |
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Nefario, what do you expect me to do with this code now?
Nefario, is that's how PPT peddlers are removed form the equation?
Goat is down, but what about the rest of the jokers?
If they had any BTC in GLBSE, will this be redistributed to PPT holders?
Are you willing to work with another exchange and figure out how to transfer the delisted shares and user data (name, share balance etc)?
He probably would do that if one offered that isnt MPEX MPEx was never open for the sort of crud GLBSE lists. Please stop bashing at GLBSE: That's no the point of this discussion. And if you want to be a serious concurrent, work on you site, it's unusable for anyone not suffering from a Savant syndrome. Back to topic: Nefario, I can understand you are upset, but please try for a moment to see it from the perspective from Tygrr shareholders. Removing all Tygrr assets instantly, without further notice to the shareholders is like a punch in the face from you to all Tygrr shareholders. Please reconsider this. The thing is MPEx owns this market. The other thing is, you're a ridiculous shill. The third thing is, much like honest bob above, the pyraponzi stuff you use in your signature makes you about as irrelevant as roadkill. |
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