TYGRR.* assets on GLBSE delisted.

[reeses]

This is a horrible idea.

Actually, this sort of "doing without knowing what" is exactly how Nefario drove GLBSE into the wall.

But we have to (tell other people to) do something!!!!!!!!!!!!!-e^πi!!!!

[pyrkne]

IMHO what I think Goat should do is try the code redemption process. Ask for all the shareholders to report to him first. If all of the shares get accounted for and there's no double coding, then he should settle that. If there are actual attempts at double code usage, then process nothing and take it from there. At least according to my understanding of the process it should work if everyone acts properly, and it can fail if anyone acts in bad faith. The process isn't perfect but it could work. At least giving it a try first instead of claiming that it *could* go wrong seems the better route. Then if something goes wrong the problem clearly would belong to nefario.

This is a horrible idea.

Actually, this sort of "doing without knowing what" is exactly how Nefario drove GLBSE into the wall.

You know Mircea we're all waiting for you to waive that 20BTC fee. Why won't you let us give you our coins??? 

~pyotr

[pyrkne]

I would like to believe that Goat can just try the codes and get everything to work, but let's be honest - some of his shareholders can't even find the forum, how are they going to work this out?

No matter how much everyone works on this, there's still going to be that one loose end that only traded in the assets because of the convenience of the exchange. I don't foresee a clean outcome of the claim-code system even without any fraudulent claims.

[MPOE-PR]

It depends on how you measure it. What would you call the biggest stock exchange? I think GLBSE has the largest number of assets listed.

Obviously would depend on what you call an asset.  

A few weeks ago Smickles@Co were worried because the main Bitcoin address of that exchange received only 4000BTC.

Actually > 15,000 BTC. Also, people on IRC were explaining to you that by looking at outgoing payments it became obvious addresses with significantly larger BTC inputs were being involved.

But we have to (tell other people to) do something!!!!!!!!!!!!!-e^πi!!!!

Almost like the US Congress, minus a whole pile of "thank you for your leadership".

You know Mircea we're all waiting for you to waive that 20BTC fee. Why won't you let us give you our coins??? 

~pyotr

You could use a broker site like coinbr or a broker-person like Brendio, smickles, buncha others, you know this?

[pyrkne]

You could use a broker site like coinbr or a broker-person like Brendio, smickles, buncha others, you know this?

I did not know that, as a matter of fact. It's hard to get information about MPex other than you are a "pornographer" - not really relevant.

What is this coinbr site? Is it operational?

[JoelKatz]

IMHO what I think Goat should do is try the code redemption process. Ask for all the shareholders to report to him first.

How does he do that? He has no contact information for them.

If all of the shares get accounted for and there's no double coding, then he should settle that. If there are actual attempts at double code usage, then process nothing and take it from there.

How does he *prove* he got a double code usage? If he does this, someone can just submit a code twice using an accomplice and then accuse Goat of scamming.

At least according to my understanding of the process it should work if everyone acts properly, and it can fail if anyone acts in bad faith. The process isn't perfect but it could work. At least giving it a try first instead of claiming that it *could* go wrong seems the better route. Then if something goes wrong the problem clearly would belong to nefario.

Right. So long as Goat has a plan to blame the resulting predictable mess on someone else, he should go ahead and screw over his asset holders, just as Nefario did because he thought he could blame the predictable failure of the obviously-broken redemption scheme on Goat. No reputable individual or business would knowingly give assets to the wrong people just because they knew it was someone else's obligation to somehow fix the mess, especially if the entity whose obligation it was has never acknowledged that obligation.

[MPOE-PR]

I did not know that, as a matter of fact. It's hard to get information about MPex other than you are a "pornographer" - not really relevant.

What is this coinbr site? Is it operational?

Likely the problem is you don't use IRC. Try #bitcoin-assets sometime. Coinbr is in beta I think. Run by Juraj Variny aka Jurov.

[Smoovious]

How do you value an asset that can no longer be exchanged?

By audit.

You take an audit of the 'company' involved to determine its value. Then, divide that value by the # of shares, and that is how you value a share for a private company.

Its not rocket science...

Then, the people who hold those shares can, and do, make private trades here and there, sometimes above value, sometimes below value, depending on what they agree to between themselves. All they would need to do is inform the CEO/CFO that the shares have exchanged hands and have new owners.

-- Smoov

[reeses]

How do you value an asset that can no longer be exchanged?

By audit.

You take an audit of the 'company' involved to determine its value. Then, divide that value by the # of shares, and that is how you value a share for a private company.

Its not rocket science...

Then, the people who hold those shares can, and do, make private trades here and there, sometimes above value, sometimes below value, depending on what they agree to between themselves. All they would need to do is inform the CEO/CFO that the shares have exchanged hands and have new owners.

-- Smoov

So you see the problem.

[pyrkne]

How do you value an asset that can no longer be exchanged?

By audit.

You take an audit of the 'company' involved to determine its value. Then, divide that value by the # of shares, and that is how you value a share for a private company.

Its not rocket science...

Then, the people who hold those shares can, and do, make private trades here and there, sometimes above value, sometimes below value, depending on what they agree to between themselves. All they would need to do is inform the CEO/CFO that the shares have exchanged hands and have new owners.

-- Smoov

So you see the problem.

Indeed.

[Bitcoin Oz]

This thread has clearly shown me that I shouldn't trust:

GLBSE
Nefario
Bitcointalk.org staff
Maged in particular (but I didn't trust Maged already)

You shouldn't trust anyone.  However, you should distrust this list.  Put a "scammer" tag on in your head, or inject custom CSS with their posts.

This is a clusterfuck from all angles.  Goat screwed up to a certain degree, and his attitude¹ encouraged all of the above into believing that a) he was wrong and b) he would be easily pushed into some sort of settlement that was not in his best interest.

Nefario is inept and incompetent.  He is in way over his head and if GLBSE continues to do business, it will merely continue its trend to being the Silk Road of BTC "security exchanges"² or blow up completely.  It should not continue to exist.

The staff should not be dictating policy of BTC businesses.  This ticket system is moronic.  How do you value an asset that can no longer be exchanged?

As I read it, and I am ready to be corrected, Nefario and the forum staff have colluded to put goat out of business.


1. Yes, he is a prick.  But if we don't defend pricks, then, well, you run the risk of monster pricks being really, really big pricks.
2. Quotes for irony.

Unless all the decent mining operations setup their own separate site to manage shareholders that is a bad idea and would lead to even worse outcomes. 

 

[reeses]

This thread has clearly shown me that I shouldn't trust:

GLBSE
Nefario
Bitcointalk.org staff
Maged in particular (but I didn't trust Maged already)

You shouldn't trust anyone.  However, you should distrust this list.  Put a "scammer" tag on in your head, or inject custom CSS with their posts.

This is a clusterfuck from all angles.  Goat screwed up to a certain degree, and his attitude¹ encouraged all of the above into believing that a) he was wrong and b) he would be easily pushed into some sort of settlement that was not in his best interest.

Nefario is inept and incompetent.  He is in way over his head and if GLBSE continues to do business, it will merely continue its trend to being the Silk Road of BTC "security exchanges"² or blow up completely.  It should not continue to exist.

The staff should not be dictating policy of BTC businesses.  This ticket system is moronic.  How do you value an asset that can no longer be exchanged?

As I read it, and I am ready to be corrected, Nefario and the forum staff have colluded to put goat out of business.


1. Yes, he is a prick.  But if we don't defend pricks, then, well, you run the risk of monster pricks being really, really big pricks.
2. Quotes for irony.

Unless all the decent mining operations setup their own separate site to manage shareholders that is a bad idea and would lead to even worse outcomes.  

What idea?  I am not making a proposal.  I am predicting the future.

[Bitcoin Oz]

You could use a broker site like coinbr or a broker-person like Brendio, smickles, buncha others, you know this?

I did not know that, as a matter of fact. It's hard to get information about MPex other than you are a "pornographer" - not really relevant.

What is this coinbr site? Is it operational?

MPEX is not immune to  the current market collapse either.

http://polimedia.us/bitcoin/mpex.php?mpsic=B.MPCD.A


 

[MPOE-PR]

You could use a broker site like coinbr or a broker-person like Brendio, smickles, buncha others, you know this?

I did not know that, as a matter of fact. It's hard to get information about MPex other than you are a "pornographer" - not really relevant.

What is this coinbr site? Is it operational?

MPEX is not immune to  the current market collapse either.

http://polimedia.us/bitcoin/mpex.php?mpsic=B.MPCD.A

The current market is MPEx. The current GLBSE collapse is relevant strictly to GLBSE and possibly to this forum.

[Bitcoin Oz]

You could use a broker site like coinbr or a broker-person like Brendio, smickles, buncha others, you know this?

I did not know that, as a matter of fact. It's hard to get information about MPex other than you are a "pornographer" - not really relevant.

What is this coinbr site? Is it operational?

MPEX is not immune to  the current market collapse either.

http://polimedia.us/bitcoin/mpex.php?mpsic=B.MPCD.A

The current market is MPEx. The current GLBSE collapse is relevant strictly to GLBSE and possibly to this forum.

You are a hypocrit. After all your jumping up and down abpout ponzi schemes and your character assassination of usagi you let an asset list that is both a ponzi and a usagi asset.

What exactly am I missing here ?

[reeses]

You are a hypocrit. After all your jumping up and down abpout ponzi schemes and your character assassination of usagi you let an asset list that is both a ponzi and a usagi asset.

While I am not generally in the practice of defending the herpes-covered reprobate that is Mircea Ceaușescu, I would prefer a hypocrite to a moron.  Besides, what does this have to do with GLBSE being a house of cards under management by an epileptic dwarf?

[MPOE-PR]

You could use a broker site like coinbr or a broker-person like Brendio, smickles, buncha others, you know this?

I did not know that, as a matter of fact. It's hard to get information about MPex other than you are a "pornographer" - not really relevant.

What is this coinbr site? Is it operational?

MPEX is not immune to  the current market collapse either.

http://polimedia.us/bitcoin/mpex.php?mpsic=B.MPCD.A

The current market is MPEx. The current GLBSE collapse is relevant strictly to GLBSE and possibly to this forum.

You are a hypocrit. After all your jumping up and down abpout ponzi schemes and your character assassination of usagi you let an asset list that is both a ponzi and a usagi asset.

What exactly am I missing here ?

Hypocrite is not usually spelled your way, and a CDO is a CDO. It doesn't "list an asset". What character assassination and in general wtf are you on about man?!

[Bitcoin Oz]

You are a hypocrit. After all your jumping up and down abpout ponzi schemes and your character assassination of usagi you let an asset list that is both a ponzi and a usagi asset.

While I am not generally in the practice of defending the herpes-covered reprobate that is Mircea Ceaușescu, I would prefer a hypocrite to a moron.  Besides, what does this have to do with GLBSE being a house of cards under management by an epileptic dwarf?

Because they are using these threads to advertise their own exchange. You dont see the cryptostocks guy here mentioning cryptostocks at every opportunity do you ?

Unfortunately glbse shareholders are held hostage as much as anyone else in this situation.

[pyrkne]

You are a hypocrit. After all your jumping up and down abpout ponzi schemes and your character assassination of usagi you let an asset list that is both a ponzi and a usagi asset.

While I am not generally in the practice of defending the herpes-covered reprobate that is Mircea Ceaușescu, I would prefer a hypocrite to a moron.  Besides, what does this have to do with GLBSE being a house of cards under management by an epileptic dwarf?

Because they are using these threads to advertise their own exchange. You dont see the cryptostocks guy here mentioning cryptostocks at every opportunity do you ?

Unfortunately glbse shareholders are held hostage as much as anyone else in this situation.

What we should really be worried about is that there isn't even a hint of GLBSE PR. Mircea can go around and say that his exchange is the best. Whether or not MPex is the best is irrelevant because there's no competition.

Is GLBSE going to be here next month? Next year?

At the very least, Mircea (or at least the MPOEPR account) doesn't give me the impression that they will go into hiding at first sign of trouble...

[MPOE-PR]

What we should really be worried about is that there isn't even a hint of GLBSE PR. Mircea can go around and say that his exchange is the best. Whether or not MPex is the best is irrelevant because there's no competition.

Is GLBSE going to be here next month? Next year?

At the very least, Mircea (or at least the MPOEPR account) doesn't give me the impression that they will go into hiding at first sign of trouble...

Mr. P is mostly reachable on IRC. I'm just the girl in the pic <---.