Done with GLBSE

[Ocean6]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

[1714770533]

1714770533

[1714770533]

1714770533

[1714770533]

1714770533

[phantastisch]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

You know that your BTC are held by the asset issuer if you bought shares , right?

[Bitcoin Oz]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

Way to jump in front of a parade. Are you a politician ?

[phantastisch]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

You know that your BTC are held by the asset issuer if you bought shares , right?

If the asset issuer had his account shut down by Nefario no, the asset issuer does not hold the BTC. Nefario has the BTC.

You are saying there are people who leave BTC on GLBSE lying around instead of investing or saving according to their contracts?  For other reasons than investing,paying dividends or buybacks there is no need to hold BTC there. Goat , does Nefario hold some of your Assets BTC ? Is he clearly (mind you) intending to not give them back?

[Ocean6]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

Way to jump in front of a parade. Are you a politician ?

No I am not, I am choosing to warn my fellow Bitcoiners as to what is happening.

And how is your post helpful at all, or are you simply a smart-ass that wants to inject himself into every situation?

[Bitcoin Oz]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

Way to jump in front of a parade. Are you a politician ?

No I am not, I am choosing to warn my fellow Bitcoiners as to what is happening.

And how is your post helpful at all, or are you simply a smart-ass that wants to inject himself into every situation?

People already know whats happening they dont need 5000 new threads about it.

[Ocean6]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

Way to jump in front of a parade. Are you a politician ?

No I am not, I am choosing to warn my fellow Bitcoiners as to what is happening.

And how is your post helpful at all, or are you simply a smart-ass that wants to inject himself into every situation?

People already know whats happening they dont need 5000 new threads about it.

Yet you continue to perpetuate this one... ironical much?

[Nefario]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

You know that your BTC are held by the asset issuer if you bought shares , right?

If the asset issuer had his account shut down by Nefario no, the asset issuer does not hold the BTC. Nefario has the BTC.

You are saying there are people who leave BTC on GLBSE lying around instead of investing or saving according to their contracts?  For other reasons than investing,paying dividends or buybacks there is no need to hold BTC there. Goat , does Nefario hold some of your Assets BTC ? Is he clearly (mind you) intending to not give them back?

at this time it seems that I can not get them back unless I agree to my account being shut down and my assets delisted. I do not consent to that so I do not know how I can get my coins back

You've been given all the details you need to continue operating without GLBSE.

I've also asked you for a BTC address to send the remaining balance in your accounts to you.

[stepkrav]

Can you inform the rest of us what the dispute is about?

[Nefario]

I do not agree to your proposal.

Then you're asset holders should push to have you prosecuted for fraud.

You have a fiduciary duty to your asset holders http://en.wikipedia.org/wiki/Fiduciary_duty

And you have been given all the information needed to carry that duty out.

[phantastisch]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

You know that your BTC are held by the asset issuer if you bought shares , right?

If the asset issuer had his account shut down by Nefario no, the asset issuer does not hold the BTC. Nefario has the BTC.

You are saying there are people who leave BTC on GLBSE lying around instead of investing or saving according to their contracts?  For other reasons than investing,paying dividends or buybacks there is no need to hold BTC there. Goat , does Nefario hold some of your Assets BTC ? Is he clearly (mind you) intending to not give them back?

at this time it seems that I can not get them back unless I agree to my account being shut down and my assets delisted. I do not consent to that so I do not know how I can get my coins back

You've been given all the details you need to continue operating without GLBSE.

I've also asked you for a BTC address to send the remaining balance in your accounts to you.

I do not agree to your proposal.

Okay, so you do not want to secure the BTC of your Investors because you feel like you do not want to "comply".
Guys we have a winner. There is probably little chance that you get the possibiliy to make this mess clean without you working something out for your shareholders.

Investments with you are NOT safe.

Nefarios action maybe hotheaded , but you are doing little to help the people that trusted you. If I were you i would have a solution for my investors that trusted me ready right now and would look after nefario later.

Can you inform the rest of us what's the dispute is about?

I had some assets he wanted. I resisted his forced sale and he delisted my assets and close my GLBSE account thus taking my assets.

Goat resisted his forced sale because he felt like his fake shares are undervalued (he sold them for 10 BTC to someone, nefario wanted to pay him the double the initial ipo price alas 0.2 BTC), and wanted to give nefario a scammer tag. Nefario then cut ties with Goat and delisted his assets without prior notice. He gave Goat everything he needed to identify who is holding his shares.

[BitcoinINV]

Are we sure this is what we want fellas? S.E.C is already looking and this is just horrible, Not taking either side don't care but some sort of private agreement.  Like a 1 week time frame for goat to get his affairs in order then pull the plug?

[pyrkne]

It's so sad watching everyone in this forum butting heads.

I could resolve to only do business with people who don't blow up at each other over the internet...

But then it looks like I'd be doing business alone.

~pyotr

[reeses]

I do not agree to your proposal.

Then you're asset holders should push to have you prosecuted for fraud.

You have a fiduciary duty to your asset holders http://en.wikipedia.org/wiki/Fiduciary_duty

And you have been given all the information needed to carry that duty out.

Why do you link to wikipedia?  You should know the original sources if you hope to continue in your current business.

Next, you'll be citing episodes of Matlock.

[Nefario]

I do not agree to your proposal.

Then you're asset holders should push to have you prosecuted for fraud.

You have a fiduciary duty to your asset holders http://en.wikipedia.org/wiki/Fiduciary_duty

And you have been given all the information needed to carry that duty out.

Why do you link to wikipedia?  You should know the original sources if you hope to continue in your current business.

Next, you'll be citing episodes of Matlock.

Because it's a good explanation of what fiduciary duty is, whats your point?

[markm]

Maybe he means the page does not include enough citations and he lacks edit rights there so cannot correct it himself?

-MarkM-

[Puppet]

Are we sure this is what we want fellas? S.E.C is already looking and this is just horrible, Not taking either side don't care but some sort of private agreement.  Like a 1 week time frame for goat to get his affairs in order then pull the plug?

+5

I also think that would be a good idea. Relist goat's assets for a week or a two with huge warnings, to give the asset holders  the time to get out  and strike a deal with goat. I can understand nefario's position all to well, but I dont think shareholders should get in the cross fire like this. Plus its also giving goat a convenient excuse.

[phantastisch]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

You know that your BTC are held by the asset issuer if you bought shares , right?

If the asset issuer had his account shut down by Nefario no, the asset issuer does not hold the BTC. Nefario has the BTC.

You are saying there are people who leave BTC on GLBSE lying around instead of investing or saving according to their contracts?  For other reasons than investing,paying dividends or buybacks there is no need to hold BTC there. Goat , does Nefario hold some of your Assets BTC ? Is he clearly (mind you) intending to not give them back?

at this time it seems that I can not get them back unless I agree to my account being shut down and my assets delisted. I do not consent to that so I do not know how I can get my coins back

You've been given all the details you need to continue operating without GLBSE.

I've also asked you for a BTC address to send the remaining balance in your accounts to you.

I do not agree to your proposal.

Okay, so you do not want to secure the BTC of your Investors because you feel like you do not want to "comply".
Guys we have a winner. There is probably little chance that you get the possibiliy to make this mess clean without you working something out for your shareholders.

Investments with you are NOT safe.

Nefarios action maybe hotheaded , but you are doing little to help the people that trusted you. If I were you i would have a solution for my investors that trusted me ready right now and would look after nefario later.

Can you inform the rest of us what's the dispute is about?

I had some assets he wanted. I resisted his forced sale and he delisted my assets and close my GLBSE account thus taking my assets.

Goat resisted his forced sale because he felt like his fake shares are undervalued (he sold them for 10 BTC to someone, nefario wanted to pay him the double the initial ipo price alas 0.2 BTC), and wanted to give nefario a scammer tag. Nefario then cut ties with Goat and delisted his assets without prior notice. He gave Goat everything he needed to identify who is holding his shares.

That is not 100% correct.

First of all there is no way I can identify who is holding my shares. There is nothing I can do to know for 100% who owns my shares.

Second of all as a property owner I have the right to refuse the sale of an asset. If nefario does not want to give me the price I think is fair he just can't have it (unless he uses force and takes it).

If you are dealing with them on GLBSE there is no 100% security either, if their account is compromised you cannot ensure it 100%. As far as i understood every shareholder got an identifier. The longer it takes for you to setup a system where they could register, the bigger is the chance of theft of codes. So act quick to reduce your shareholders potential damage.

As far as i understood : Nefario is forced to delete the asset, because he wants to make GLBSE a legitimate company. These were fake shares. He made a mistake in claiming that he would honor them, but was not in the position to decide this. So he is offering you a compensation out of his own pockets with twice the value of the share at "IPO". This is more than generous. He just could delist the asset of the fake GLBSE and that was it then. He is not even the owner of this IPO. Neither is he the solemn owner of GLBSE. Goat, you fucked up big time. Get your head out of your ass and set it straight.

Nefario clearly made mistakes but not giving you a higher price for your shares or even actual GLBSE shares was not one of them.

[Shadow383]

This has gone too far.

I am selling everything I have there, moving out all of my BTC, and never trading there again.


The owner of the platform acts vindictively and hot-headed, freezes accounts/issues of anyone he doesn't agree with, and has basically placed hundreds if not thousands of his customer's BTC in limbo.

Death-knell. I predict crickets over there.

You know that your BTC are held by the asset issuer if you bought shares , right?

If the asset issuer had his account shut down by Nefario no, the asset issuer does not hold the BTC. Nefario has the BTC.

You are saying there are people who leave BTC on GLBSE lying around instead of investing or saving according to their contracts?  For other reasons than investing,paying dividends or buybacks there is no need to hold BTC there. Goat , does Nefario hold some of your Assets BTC ? Is he clearly (mind you) intending to not give them back?

at this time it seems that I can not get them back unless I agree to my account being shut down and my assets delisted. I do not consent to that so I do not know how I can get my coins back

You've been given all the details you need to continue operating without GLBSE.

I've also asked you for a BTC address to send the remaining balance in your accounts to you.

I do not agree to your proposal.

It's not about you agreeing. You're off GLBSE - deal with it and give nefario a BTC address. Trying to claim that he's keeping your BTC hostage when you're actively refusing to give him the details he needs to give it back is just shady.

First of all there is no way I can identify who is holding my shares. There is nothing I can do to know for 100% who owns my shares.

...Unless you use the codes given to you by GLBSE

[Ocean6]

I don't care if Goat wants to bury his head in the sand, because I can write off the small amount of BTC I had in his issue,

but I do care that Nefario is ruining his reputation and trading floor, because I had a lot of BTC invested there.

If Nefario has decided to punish his customers because of a dispute with Goat over something else, he will reap the reward of a useless and untrusted trading floor.

Already sold off 90% of my holdings and took out the BTC.

Waiting for the remainder to sell, and will never be back.

TERRIBLE WAY TO RUN A BUSINESS