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Author Topic: Got off the phone with the Guy from the S.E.C  (Read 28472 times)
flower1024
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October 10, 2012, 11:31:41 AM
 #181

Maybe that is his "plan", close GLBSE, open a complient business.

who would trust nefario now if he would open a new business?
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October 10, 2012, 11:39:18 AM
 #182

Maybe that is his "plan", close GLBSE, open a complient business.

who would trust nefario now if he would open a new business?

The same people who still believe pirate is going to pay, are still using Intersango and keep falling for obvious scams.
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October 10, 2012, 11:50:19 AM
 #183

Maybe that is his "plan", close GLBSE, open a complient business.
Very possible, though I'd assume that plan recently and suddenly changed. Not so long ago, Nef was pushing a tiered system onto lenders.

"I don't want people using GLBSE as their personal piggy bank for personal loans so outside the pinkslip market I want to limit bond issuers for lending (i.e. borrow to lend to someone else) to a number of players who adhere to some principles and reach some standards.

I want to have a block of solid bond issuers who then get that money dispersed to the bitconomy in the most efficient way.

Standards I have in mind are additional verification(get a background /credit check), who have GAAP accounting, reporting, and who agree to publish data of people who default on their loans to a central credit website."

Independent audits would satisfy the requirements for most smaller operations. Outside that, Nef would need to ensure he complies with Accredited Investor & AML laws, which'd be a pain in the ass. "Rebooting" may've been the ideal solution, but I think this's been handled so poorly, it's pretty much out of the question. The far-reaching other requirements, I think, imply he may not have had regulatory risk in mind when he wrote that.
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October 10, 2012, 12:01:56 PM
 #184

Maybe that is his "plan", close GLBSE, open a complient business.

who would trust nefario now if he would open a new business?

The same people who still believe pirate is going to pay, are still using Intersango and keep falling for obvious scams.

What is wrong with Intersango? I used it several times without any problems.
Only thing I know about is some banks in some countrys won't process payments to and from them for whatever strange reason.
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October 10, 2012, 12:05:52 PM
 #185


What is wrong with Intersango? I used it several times without any problems.
Only thing I know about is some banks in some countrys won't process payments to and from them for whatever strange reason.
[/quote]

Intersago announced that it will be stopping BTC/USD trading on 10/14/2012.


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pieppiep
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October 10, 2012, 12:07:08 PM
 #186

Ah, so no problem for me, I'm from the Netherlands and use euro's.
deeplink
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October 10, 2012, 12:10:54 PM
 #187

Maybe that is his "plan", close GLBSE, open a complient business.

who would trust nefario now if he would open a new business?

The same people who still believe pirate is going to pay, are still using Intersango and keep falling for obvious scams.

What is wrong with Intersango? I used it several times without any problems.
Only thing I know about is some banks in some countrys won't process payments to and from them for whatever strange reason.

Search the forum for Bitcoinica. The three guys who are running Intersango are now involved in a lawsuit because they fucked up on all fronts with Bitcoinica. They were also involved in the organisation of the latest Bitcoin conference (like Nefario from GLBSE, who had not turned to the dark side at that point), which is why lots of people did not go. I wouldn't touch any of their businesses with a ten-foot pole.
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October 10, 2012, 12:18:09 PM
 #188

Maybe that is his "plan", close GLBSE, open a complient business.

who would trust nefario now if he would open a new business?

The same people who still believe pirate is going to pay, are still using Intersango and keep falling for obvious scams.


Isn't Nefario an Intersango employee even?
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October 10, 2012, 04:02:58 PM
 #189


He got fired for incompetence (from Intersango!!).

And no, I am not kidding...

Well this pretty much says it all.
deeplink
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October 10, 2012, 04:23:11 PM
 #190

Maybe that is his "plan", close GLBSE, open a complient business.

who would trust nefario now if he would open a new business?

The same people who still believe pirate is going to pay, are still using Intersango and keep falling for obvious scams.


Isn't Nefario an Intersango employee even?

He got fired for incompetence (from Intersango!!).


And no, I am not kidding...


Seriously?!? You don't know how hard I just laughed :-)

What would be a reason to be fired for incompetence from Intersango? To mention or to even think about solving a problem?
Phinnaeus Gage
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October 10, 2012, 04:57:30 PM
 #191

Maybe that is his "plan", close GLBSE, open a complient business.

who would trust nefario now if he would open a new business?

The same people who still believe pirate is going to pay, are still using Intersango and keep falling for obvious scams.


Isn't Nefario an Intersango employee even?

He got fired for incompetence (from Intersango!!).


And no, I am not kidding...


Seriously?!? You don't know how hard I just laughed :-)

What would be a reason to be fired for incompetence from Intersango? To mention or to even think about solving a problem?


Yes, he was trying to solve problems for them on this forum (that was his job, PR), however he tried to solve the problems in the same way he is trying to solve the GLBSE stuff. It was just fail...


But they kissed and made up, then all four of them orchestrated the London conference.

I just thought of something after penning the above. We all know Josh with BFL attented, but does anybody know if Nasser G. was there?

~Bruno~
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October 11, 2012, 03:53:52 AM
 #192

Kissed and made up sure, and intersango team is advising GLBSE (well the Nefario part) on how to act in (or create) this mess.

They are an awesome team. They will truly go down in btc history as legends.





I think they should bring back miserydearia to complete the awesomeness.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
Phinnaeus Gage
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October 11, 2012, 04:16:51 PM
 #193

Kissed and made up sure, and intersango team is advising GLBSE (well the Nefario part) on how to act in (or create) this mess.

They are an awesome team. They will truly go down in btc history as legends.


I think they should bring back miserydearia to complete the awesomeness.

They might as well add Atlas to the team to head the unremorsefullness department.
ErebusBat
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October 11, 2012, 04:51:40 PM
 #194

Kissed and made up sure, and intersango team is advising GLBSE (well the Nefario part) on how to act in (or create) this mess.

They are an awesome team. They will truly go down in btc history as legends.

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November 17, 2012, 02:56:05 PM
 #195

Maybe this is why nothing seems to be happening on the SEC front:

http://www.techdirt.com/articles/20121113/16501921036/sec-porn-surfing-down-waste-up-stunning-disregard-basic-computer-security.shtml

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November 17, 2012, 03:11:01 PM
 #196

The Bitcoin Securities investigation is being handled by the Division of Enforcement.

This article and the activities it mentions occurred within the Trading and Markets division (as is says in the first line as if you bothered to read it).

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