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. |
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If GLBSE goes away will the F.GIGA.ETF shares on MPEX still pay? Or are they tied to GLBSE shares?
The F.GIGA.ETF asset was constructed based on controlling units of Gigavps' debt. Whether these are enbodied in GLBSE shares or not is irrelevant, as long as the issuer (Gigavps) still recognizes them. The asset will continue to disburse any payments made by Gigavps, even though the collapse of GLBSE does pose some administrative problems. |
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Here's a list of assets that have not been trading (some in over a month) and are still listed on glbse:
RUGATU, PGM, ABSORB.1.4-6.SHORT, ADMINSORTED, FPGA-EU, ARS, BIT.INC, BIF.P2P.LOANS, BIF-AG-INDEX, CHEAPERINBITCOINS-STOCKS, IMPACT, DI.BFLSC.FAIL, MEI.DEEPBIT.A, UBTC, YXWINE-CARR2010, CIUCIU.MINING, MEI.DEEPBIT.B, AA, BTCASS_BOND_A, HEDGE.TYGRR.BOND-B.LONG, HEDGE.GIGA.LONG, HEDGE.TEEK.B.LONG, DI.BFLSC.SUCCEED, BITSPLIT.MINING.1TH, MAR, MINING_B.TAILS.FUT, HEDGE.TYGRR.BOND-B.SHORT, MINING_B.HEADS.FUT, NONVERBA, JTGB, STANDARD.GOLD, STANDARD.FIAT, CIB-SOLUTIONS, MEI.SLUSH.B, MEI.SLUSH.A, CANMINE, HEDGE.GIGA.SHORT, HEDGE.TEEK.B.SHORT, MEI.OZCOIN.B, EN, SLV-BUFFALO, ASIC_RUS.SHA, ANTI-PIRATE, HEDGE, BST, POLY.10.-2, CRYPTOL, JLP, MEI.DEEPBIT.A1, METAL, ENJAN16, BM.
About 50 or so.
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So, when are you guys getting a proper financial license ?
Probably just as soon as either the measly income from fees arrives at the range of compliance costs or else as soon as someone sinks a couple hundred million GPB worth of investment into MtGox. Compliance can be much cheaper than that. Sure, I was just saying there's minimum capital requirements to become a bank. |
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+1
Just because of your ridiculous, petty "PR" forum account, I'm never going near the MPwhatever exchange.
You seem to be discussing some sort of popularity contest. MPEx is not for you. MPEx is for the investors. Do you understand the difference? Im not saying it to be an asshole. GLBSE needs a serious competitor not a crazy acting one.
Crazy is what crazy does. |
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My obligation was with GLBSE. What happens if I pay back 50% and then GLBSE relists my assets like nothing happened? Then I'm really screwed as I owe them all again...
Why would glbse relist your assets ? For the exact reason it delisted them. Because Nefario is an unpredictable idiot. Your behaviour doesnt attract people to your platform either. Compare the facts, will you. |
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An offer does not constitute a contract, and would require shareholder approval before it could go through. Nothing violated.
I'm afraid that's not true because in this case, there is detrimental reliance sufficient to create promissory estoppel. "A promise which the promisor should reasonably expect to induce action or forbearance on the part of the promisee or a third person and which does induce such action or forbearance is binding if injustice can be avoided only by enforcement of the promise. The remedy granted for breach may be limited as justice requires." -- Second Restatement of Contracts http://legal-dictionary.thefreedictionary.com/Promissory+Estoppel"Certain elements must be established to invoke promissory estoppel. A promisor—one who makes a promise—makes a gratuitous promise that he should reasonably have expected to induce action or forbearance of a definite and substantial character on the part of the promisee—one to whom a promise has been made. The promisee justifiably relies on the promise. A substantial detriment—that is, an economic loss—ensues to the promisee from action or forbearance. Injustice can be avoided only by enforcing the promise. A majority of courts apply the doctrine to any situation in which all of these elements are present." It appears in this case, a promise was made. The promise was relied upon to the detriment of those who relied on it. This reliance was foreseeable and should have been reasonably expected to increase the value of the outstanding shares. However, what the consequences of this should be is a closer question. Enforcing the promise would mean that the promisor would be liable for damages for breach of the promise. This'd seem to run against the shield-not-sword doctrine tho. |
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Waking up to "Asset Delisted - you're fucked" when the above should have been done has absolutely infuriated me. We'd never have guessed. GLBSE is doing what it needs to do to survive and become a more legitimate exchange. If you don't like it, you're welcome to spend $240 on joining Mircea's Porn Exchange (that is what MPEx stands for right?) Pirate is doing what he needs to survive and become a more legitimate pirate too. Who's "we"? |
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The real risk is created when he exercises his complete authority with the appearance of whim or perfidy. The fact that he singles out individuals for delisting/freezing/etc. based on various "legal" reasons exposes him to liability for all the other scams traded on his exchange. By policing a few, he must police them all.
In addition, by acting arbitrarily, he exposes himself to accusations of wrongful conduct as his actions injure various parties.
Nefario has already admitted that he has permitted illicit activity up to this point and is only remediating his profitable criminal complicity at this time in order to gain government recognition as a trading entity. The smartest move at this point would be to close GLBSE completely, responsibly settle accounts, and then establish a new exchange with stricter controls necessary for compliance.
However, he is in a situation where he wants to eat his cake and have it as well. This will cause difficulty.
http://polimedia.us/dtng/c/src/134654389322.png |
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My obligation was with GLBSE. What happens if I pay back 50% and then GLBSE relists my assets like nothing happened? Then I'm really screwed as I owe them all again...
Why would glbse relist your assets ? For the exact reason it delisted them. Because Nefario is an unpredictable idiot. |
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It was sent to the email used for your GLBSE account. Where else would it be?
e-mail is not secure. smtp sends messages clear text. was this sent, encrypted with goat's public pgp key? if not, there is no way for these to be used to claim anything since they were not transmitted in a secure manner. if goat's system was compromised, or some hacker was sniffing smtp traffic between glbse and hi, goat could get a claim from just about anybody. Nefario is too stupid to have considered any of this. |
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Because I would need a second stock exchange and as you know we made a deal that I would not make one if you would give me real GLBSE stock. And now I have neither a second stock exchange or GLBSE stock.
Ouch. |
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This is kind of creepy.
I agree. Don't get me wrong, this move is long overdue. I'm worried about the precedent it sets though. What precedent? I really think there should be some kind of contract between GLBSE and the asset issuers that is more than a TOS that can be changed at anytime. You mean the way MPEx does things? Myeah. |
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All TYGRR assets have been moved off GLBSE (delisted)
Goat has been given all the information he needs to be able to continue doing TYGRR's business and continue his relationship with his asset holders without GLBSE.
He has a list of codes which shows what code has how much of the asset.
If you had any TYGRR assets you will see the claim code in your portfolio.
Contact Goat with the claim code, and he will known how many of the asset you have, and you will be able to continue your relationship with him.
Nefario.
This is kind of creepy. Where in the TOS does it say that assets can be de-listed at any time? It says they can stop trading but nothing about being de-listed. Something about Nefario/Global Scam Exchange being in a compromised position. Who knows at this point. |
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We can no longer access any of the so called "black market" bonds including PPT.A
so now we can't even sell to the 0.32 wall.... it was 0.32 insured - where is the insurance now?
?? weird - it would be nice if nefario let me know when he was going to go around breaking things.
I'll try to find out what he is doing.
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As part of an array of ongoing efforts on the part of MPEx to both educate the userbase with respect to BTC financial matters as well as clean up and possibly even raise the level of discussion surrounding BTC financials, it is my pleasure to announce that the following forum participants are each hereby issued blocks of 10,000 stocks in S.MPOE, in recognition of their well thought out and valuable contributions during the course of time:
Deprived
dooglus
JoelKatz
LoupGaroux
Phinnaeus Gage
To take possession: if you already have an MPEx account contact me via pm with your key; if you do not contact Mr. Popescu's broker, smickles, either here or on IRC. He will at your option either transform these into MPOE.ETF shares (if you have a GLBSE account) or hold / trade them for you as a broker. The claim is good for one week, and it expires on the midnight GMT of October the 2nd.
This is a gift, nothing is requested or expected from the aforenamed "in exchange" - there is no exchange. If for whatever reason you do not claim your shares they will be sold and the proceeds donated to PDPC (the people maintaining freenode).
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So, when are you guys getting a proper financial license ?
Probably just as soon as either the measly income from fees arrives at the range of compliance costs or else as soon as someone sinks a couple hundred million GPB worth of investment into MtGox. |
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I have no doubt that by the end of today, Philip Moustakis will have received emails describing every Bitcoin hack, theft and scam to date in great detail.
Which is to say, in greatly erroneous detail. The poor guy has a private emailed copy of knowyourmeme + SA by now. |
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Allow me to ask the question directly: Joe, how close are you to Josh's data center (Josh with Butterfly Labs)? Also, it seems your about page has a couple anomalies, namely your name is spelled incorrectly and I'm not sure what to make of the Doublemint Twins. Registered through: GoDaddy.com, LLC ( http://www.godaddy.com) Domain Name: JOESDATACENTER.COM Created on: 21-Jul-08 Expires on: 21-Jul-13 Last Updated on: 25-May-12 Registrant: Joe's Datacenter, LLC 324 E. 11th St Suite 2625 Kansas City, Missouri 64106 United States Administrative Contact: Morgan, Joe joe@moccp.comJoe's Datacenter, LLC 324 E. 11th St Suite 2625 Kansas City, Missouri 64106 United States +1.8167267615 Seeing that you'll been online for many of years (moccp.com & http://www.bizapedia.com/mo/CERTIFIED-COMPUTER-PROFESSIONALS-LLC.html), I don't see how you could have missed the incorrect spelling of your own name and surely Diana and/or Jordan would have bought up the image issue a long time ago, unless...   http://joesdatacenter.com/about http://linuxhost.net/about/Hahaha I commend you, sir. I had my morning's laugh with this. |
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