GLBSE is offline We will update our users on Saturday.

[001sonkit]

is it sb finding nefario phone no?
billing-phone: +44.7577006897
Source:http://network-tools.com/default.asp?prog=whois&host=glbse.com

[Puppet]

Lack of explanation implies lawyers got involved. Wait and see what happens.

Yeah that's what I'm thinking. Saturday should be an interesting day.

Agreed. If it was migrating servers or something like it, he would have put it on there and would even have announced it before hand. The fact that he doesnt means he doesnt want to talk about the real reason yet. A SEC or criminal investigation seems like a good bet, and also matches with the fact Nefario hasnt been communicating for quite some time now.

Anyone have an idea how much money we are talking about here? The combined asset value?

[scrybe]

is it sb finding nefario phone no?
billing-phone: +44.757700xxxx
Source:http://network-tools.com/default.asp?prog=whois&host=glbse.com

Given the announcement I would say that you are wasting your time bothering his phone.

He is not incommunicado, he is reticent.

[HorseRider]

Bad news bears... I hope it's nothing serious.

of course it is as serious as cannot be given a updates right now.

[silverbox]

Lack of explanation implies lawyers got involved. Wait and see what happens.

Yeah that's what I'm thinking. Saturday should be an interesting day.

Agreed. If it was migrating servers or something like it, he would have put it on there and would even have announced it before hand. The fact that he doesnt means he doesnt want to talk about the real reason yet. A SEC or criminal investigation seems like a good bet, and also matches with the fact Nefario hasnt been communicating for quite some time now.

Anyone have an idea how much money we are talking about here? The combined asset value?

150k BTC asset value or so, I imagine most peeps didn't keep much of a BTC balance on GLBSE.  Probably less then 20k BTC on the exchange.

[Akka]

Lack of explanation implies lawyers got involved. Wait and see what happens.

Yeah that's what I'm thinking. Saturday should be an interesting day.

Agreed. If it was migrating servers or something like it, he would have put it on there and would even have announced it before hand. The fact that he doesnt means he doesnt want to talk about the real reason yet. A SEC or criminal investigation seems like a good bet, and also matches with the fact Nefario hasnt been communicating for quite some time now.

Anyone have an idea how much money we are talking about here? The combined asset value?

If you just sum the market cap cap of the different assets >100.000 BTC.

http://www.stochastically.com/

[thebaron]

I feel sorry for anyone who didn't pull out after learning that the SEC guy knew something would be happening with GLBSE.

[tvbcof]

Watching.

I guess I am gloating, but oh well.  GLBSE never had any appeal to me from any end of the spectrum and I've never paid much attention to it.  Although I considered GLBSE to be an attack target on Bitcoin, I had nothing much against it other than that.  It was sort of a nursery for sprouting entries on the scam accusations board here, and some of them are fun to read.

Probably belongs in speculation, but I know that from my perspective fear of legal attacks against services led me to do something approaching panic buying when I got into things.  It'll be interesting to see if something as big as GLBSE being bowled over by the long arm of the law will induce such buying.

[keystroke]

I feel sorry for anyone who didn't pull out after learning that the SEC guy knew something would be happening with GLBSE.

This should have been the obvious choice. Plenty of other flags went up too.

Yea - I only held ASICMINER and was in the process of transferring my shares to be held in the company's name! But that process isn't immediate - so it isn't done yet. But no BTC was being held at GLBSE. This stuff is getting crazy!

[squid]

Damn this is kind of scary...

[LiteBit]

Crazy!

Litecoins are much more mellow

[DeaDTerra]

I have talked to James.
I can give you guys a small unofficial update.
James can't reveal any details until the official statement, but he says the coins are fine and that there has been no hack or bug.

He also hinted upon legal issues, which leads me to believe that the reason GLBSE was taken down was due to legal issues probably SEC or something similar.
//DeaDTerra

[freeAgent]

I have talked to James.
I can give you guys a small unofficial update.
James can't reveal any details until the official statement, but he says the coins are fine and that there has been no hack or bug.

He also hinted upon legal issues, which leads me to believe that the reason GLBSE was taken down was due to legal issues probably SEC or something similar.
//DeaDTerra

Awesome...

[DeaDTerra]

I have talked to James.
I can give you guys a small unofficial update.
James can't reveal any details until the official statement, but he says the coins are fine and that there has been no hack or bug.

He also hinted upon legal issues, which leads me to believe that the reason GLBSE was taken down was due to legal issues probably SEC or something similar.
//DeaDTerra

Awesome...

I want to state that, it's my impression and is not necessarily true so take it with a big pile of salt.
//DeaDTerra

[reeses]

Each equity should have its own separate website where users can buy and sell the security.

I think a whitelabel site would be a great idea.  git clone, bootstrap and configure, and go from there.  Account management would be tough unless there was federation, but underwriters could choose with whom they would federate for quick transfers.  If they don't trust or even like you, you don't get to participate in the StarCoin Alliance.

You could rapidly define and ensure a minimum level of security including cold wallets, openid or certificate based auth, a simple accounting backend, etc. by making them out of the box.

Mind starting a thread on features and prioritizing functionality into "can't do without", "important to have", and "wouldn't it be nice?"

[Mushoz]

I have talked to James.
I can give you guys a small unofficial update.
James can't reveal any details until the official statement, but he says the coins are fine and that there has been no hack or bug.

He also hinted upon legal issues, which leads me to believe that the reason GLBSE was taken down was due to legal issues probably SEC or something similar.
//DeaDTerra

Thanks for the update! This is looking very bad though. This could take many months to solve.

Bitcoin should be worth at least 100$ each on entertainment value alone...

[Coinoisseur]

The lack of even a cursory explanation is worrying.

On a semi-related note, the US crowd-funding bill sounds like a nice change for small startups that want to accept US investors: http://www.bbc.co.uk/news/technology-17535660

[bbit]

People need to calm down geeze lol

[theGECK]

Lucky for me, 60% of my 1.5 BTC in GLBSE was tied up in BDT.

[HorseRider]

This makes me worried, but I think that Nefario will be able to handle it well.