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Maybe a better question would be:
Can I harvest FPGAs from existing BTC mining boards, and put them onto a new board alongside some fast memory and use that to mine LTC?
Harvesting SMT chips already soldered onto boards sounds somewhat difficult, but is probably practically doable.
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I'll be curious to see if anyone foolhardy enough to submit all this data actually gets a payout.
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on GLBSE you can log in and put email and payout address....and give up your identity.
That ain't acceptable to me. I never agreed to give that kind of information. https://i.imgur.com/CiDfd.png |
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So he "blew his whistle" and ended the scam by taking our funds, in effect scamming us? That's a good one. I guess you consider the Greater Good to have been served by this? Part of going to authorities is that he has to follow the law as he moves forward or risk incriminating himself even more. The legal system will handle the funds, he can't just send them back to the scammer investors. Talk to a lawyer and handle it properly. Right. I'm a scammer because I opened an account, deposited, and then had the site shut down and my funds become inaccessible to me. I had planned to buy some shares of ASICMINER. This makes me a "scammer investor"? Your solution of "hire a lawyer" is a non-solution. The costs would severely outweigh the 50 BTC I seek to recover, even if the effort did manage to recover them, which I doubt it would. |
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A major complicating factor in all of this is that without the database, there is no way to prove ownership of any assets or BTC that were held on GLBSE. Even if someone trustworthy had control of all of the user funds and was willing to repay everyone right now, without that database, there is no way to pay them out to users without blindly trusting all of the claims made.
Getting that database is imperative in order to have any hope of resolving this mess.
To all you Nefario supporters who are blocking access, show yourselves. To you honest shareholders who know their identities, please reveal them to us.
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Sometimes you have to let whistleblowers and informants off the hook for the greater good. The other choice is our current path, in which we punish people for trying to end scams because the scammers request it.
So he "blew his whistle" and ended the scam by taking our funds, in effect scamming us? That's a good one. I guess you consider the Greater Good to have been served by this? Have you reported this theft of customer funds you were responsible for as treasurer to the proper authorities?
Except that theymos seemingly was not made responsible for holding those funds. If he were, he should have them in hand right now. |
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What about the possibility of other current copies of the asset ownership database? Can you comment on whether any may exist, and the possibilities of obtaining such?
I doubt the contingency plan which would have allowed shareholders to access the database still works. The plan allowed shareholders to get passwords (to the server and maybe the off-site backup service), but Nefario changed his passwords if he has any sense whatsoever. And to even try this I'd need to convince one of Nefario's two strongest supporters among the shareholders. Nefario is acting independently. He stole GLBSE from BitcoinGlobal, but BitcoinGlobal still exists. I continue to hold the operating funds as treasurer (presumably to be distributed among shareholders once we're sure there are no more outstanding debts), and CHM is still acting as secretary and accountant. But Nefario is not working with us except to get the funds we have. Given that things have schismed this badly, I don't think it's inappropriate to ask just who these supporters are. I think we should know who all the GLBSE officers are, and I think that we need to hold every one of them fully responsible for our losses. If GLBSE were still a whole entity, they could reasonably hide behind it, but the fact is that GLBSE the entity is broken. Our management team is as follows:[/b]
CEO:nefario (ME HAHA)
Treasurer:theymos
First Secretary:ColdHardMetal
Second Secretary:BitCoinPurse
A few are listed here, though the data is old. Can anyone tell if this list is complete and accurate? Also I'm confused about the distinction and relationship between GLBSE and BitcoinGlobal.  |
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Well, uhh, you know we're dying for more information here, I assume. Have you any more to offer on what the plan(s) may be?
I don't know Nefario's plan. I see. I'm afraid I can already guess for myself exactly what that plan is. What about the possibility of other current copies of the asset ownership database? Can you comment on whether any may exist, and the possibilities of obtaining such? ColdHardMetal, can you weigh in here with anything more concrete regarding the user funds? Its a shared key to decrypt the database. So what will it take to accomplish that exactly? Details are everything. |
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Well, uhh, you know we're dying for more information here, I assume. Have you any more to offer on what the plan(s) may be?
I don't know Nefario's plan. It's sounding to me that GLBSE as a pseudocorporate entity of Officers who respect the entity and obey its bylaws is no longer. That the four (?) of you have discarded any allegiance to the entity and to one another and gone your separate ways. Is that assessment correct? |
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Well, uhh, you know we're dying for more information here, I assume. Have you any more to offer on what the plan(s) may be?
I don't know Nefario's plan. I see. I'm afraid I can already guess for myself exactly what that plan is. What about the possibility of other current copies of the asset ownership database? Can you comment on whether any may exist, and the possibilities of obtaining such? ColdHardMetal, can you weigh in here with anything more concrete regarding the user funds? |
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This is a credit rating and bail bond system. Also, you're posting something that was clearly public knowledge, not really good "evidence" for malfeasance, there. I still don't get where the "lied" and "falsely" part comes in.
The thread may be titled such, but in Nef's post it's pretty clear he's talking about the launch of GLBSE. ...we are launching the development of the Bticoin Stock Market...
I'm not trying to point out evidence for malfeasance or whatever. Just showing that it has long been known (or knowable by reading that thread) who the Officers of GLBSE are (were?) |
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It sounds to me like GLBSE has decided to hand the user funds (both what Theymos and Nefario hold) over to ColdHardMetal, who is to (reluctantly) manage their distribution to the claimants. Is this correct, GLBSE ppl?
I don't think Nefario agreed to send BTC to CHM. Well, uhh, you know we're dying for more information here, I assume. Have you any more to offer on what the plan(s) may be? |
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This thread is premature. We can speculate about it all day (some ppl have already done this), but there is nothing with which to make a definitive judgement at this point, or anytime soon IMO.
I recommend that OP delete the thread. Maybe bring it back if no product is seen come 2013.
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At this point, Nefario should make a public statement on the status or start paying out deposit funds REGARDLESS if CHM or Theymos sent him what looks to be 9% of the total funds on deposit.
He could try and play that game with Goat but this is too far. If this doesn't happen very soon then we should conclude that either he is keeping them or they have been seized.
I know people are upset and don't like this answer but in the end, we need to root out all the scammy activities in Bitcoin and this forum if we want to move forward and create an environment where real business interests can prosper.
Nefario also has no reason to not be sending "claim codes" to the asset issuers. This does not require any bitcoin funds (operational or user) to achieve. If they are not received in the next few days I am going to assume he has deleting the information. Indeed. He seemed to have no problem doing this in a hurry when it came to the whole Goat/TYGRR incident. Why he isn't doing that now is anyone's guess. My personal guess is that he is withholding the data as "leverage". If the GLBSE disaster plan were in place, other parties besides Nef should be able to obtain the database. I'm going to again guess that the plan is actually not in place (maybe it broke down at some point and was never fixed), and that the only good copy of the database in is Nef's hands. The motion was: [05/10/2012 18:32:35] <nefario> I propose a motion to have theymos return the user BTC which has in his posstion for the purpose of allowing me to repay users So I sent CHM only the amount of BTC designated as user funds. I still hold the operating funds. How about releasing all the meeting minutes instead of just bits and pieces. If it is OK to post parts of the minutes then it is OK to post it all. Seconded. Having more solid data available and transparency in general as the process moves forward would go a long way towards fixing this situation in the least painful way possible for all involved. It sounds to me like GLBSE has decided to hand the user funds (both what Theymos and Nefario hold) over to ColdHardMetal, who is to (reluctantly) manage their distribution to the claimants. Is this correct, GLBSE ppl? |
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Regardless of the sticky issue of the user funds (which is really my chief concern here and where my vested interest lies), can we get some action on the share ownership database?
Let's see that get distributed to some trusted part(ies) who can break up the data into one set per asset issuer and hand that data over to each issuer (please).
Is there any reason not to move forward on that front?
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I doubt those green things are lights. They look like heatsink mounts to me.
If my heatsink isn't attached by radioactive rods, I'm returning the damn thing. They sure do bear quite a resemblance to the tritium/phosphorous keychain glow-things. Too bad those tend to run into import/export restrictions being radioactive and all. They sure would look cool though. |
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If it isn't hardware disabled, this could be something intelligence agencies (or bad guys) might like to get their hands on.
That's a new business niche for all the GPU farms that are going out of BTC business. I understand there are already ppl doing this as a security auditing service for WPA keys and such. |
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The secretary (not Nefario), to whom Theymos was instructed (by a narrow majority of shareholders [keep in mind that Nefario owns 24% of shares]) to send the funds under his control, asked other shareholders for advice on how to secure the funds, not wanting to risk them being stolen on top of everything else. I suggested that he create a paper wallet offline, for safe keeping until the funds could be distributed to users. Theymos sent the funds to the address under the secretary's control earlier today.
Must not have been these funds. May we have the public address of said paper wallet please, so that we may keep an eye on them? |
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