Nefario

[theymos]

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.

[1713484938]

1713484938

[Bogart]

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?

[Bitcoin Oz]

Nobody is morally required to honor an agreement to break the law.

Not all laws are moral to support.

I still agree with that exactly as much as the first ten times you tried to plant the strawman there.  

I suppose I'm the only one seeing the contradiction here.

Because you're an illiterate moron, there is no other explanation at this point.   I am talking about moral necessity to honor a private agreement to break the law.  You are talking about the the morality of honoring an unjust law.  The question is not about the morality of the law, but of the morality of the agreement.  

It's not the "behind the scenes" activity that was illegal here.  The whole site was illegal (and obviously so) from the moment it was founded.  And you failed to report it for over a year.  Far from immediately.  

As soon as I was aware of the activity it was reported.  As is any other illegal activity I see here.  

Have you also reported all of the gambling threads and sites?  They're all breaking the law every time they accept money from or pay out to anyone on American soil.  

When I can verify laws are broken, I certainly have reported gambling activity.

I hope you reported MPEX and all the other stock exchanges because sure as shit they are no different to glbse.

[theymos]

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.

[Bogart]

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?

[stochastic]

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.

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.

So is your lack of response on the matter a refusal to release the minutes?

[Rarity]

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.

Have you contacted law enforcement yet to tell them your side of the story?

[Beans]

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.

Have you contacted law enforcement yet to tell them your side of the story?

Not everyone is a whinny baby like you. Grow up.

[Bogart]

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?

[Rarity]

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.

Have you contacted law enforcement yet to tell them your side of the story?

Not everyone is a whinny baby like you. Grow up.

It seems like if someone is actually concerned about a rogue officer stealing customer funds (and not concerned with hiding his own role in running an illegal operation) his first step should be to get law enforcement to help.  What is he afraid of?  Why is it your priority to attack people trying to help recover customer funds rather than the people who have scammed?

[Bogart]

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.

[mc_lovin]

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.

Have you contacted law enforcement yet to tell them your side of the story?

Not everyone is a whinny baby like you. Grow up.

we're talking about like ~8900 BTC, like $105,000, this is a crime taking place.

If bitcoin securities are illegal because bitcoin is now officially money,

then Nefario has stolen >$100k,

and that is a crime,

and he will go to jail,

I made an appointment with my lawyer today, we'll see what he says.

[galambo]

we're talking about like ~8900 BTC, like $105,000, this is a crime taking place.

If bitcoin securities are illegal because bitcoin is now officially money,

then Nefario has stolen >$100k,

and that is a crime,

and he will go to jail,

I made an appointment with my lawyer today, we'll see what he says.

You have over 100,000$ on GLBSE?

[Aahz]

It's not the "behind the scenes" activity that was illegal here.  The whole site was illegal (and obviously so) from the moment it was founded.  And you failed to report it for over a year.  Far from immediately.  

As soon as I was aware of the activity it was reported.  As is any other illegal activity I see here.  

So, you reported Nef to the "proper authorities" but don't think he deserves a scammer tag?  I guess that makes everything perfectly clear, then.

[Bitcoin Oz]

we're talking about like ~8900 BTC, like $105,000, this is a crime taking place.

If bitcoin securities are illegal because bitcoin is now officially money,

then Nefario has stolen >$100k,

and that is a crime,

and he will go to jail,

I made an appointment with my lawyer today, we'll see what he says.

You have over 100,000$ on GLBSE?

No he has an illegal gambling security on glbse 

[mc_lovin]

we're talking about like ~8900 BTC, like $105,000, this is a crime taking place.

If bitcoin securities are illegal because bitcoin is now officially money,

then Nefario has stolen >$100k,

and that is a crime,

and he will go to jail,

I made an appointment with my lawyer today, we'll see what he says.

You have over 100,000$ on GLBSE?

No, but I think that was the estimated total of coins Nef has of GLBSE users' (900 being what Theymos has).

[Rarity]

It's not the "behind the scenes" activity that was illegal here.  The whole site was illegal (and obviously so) from the moment it was founded.  And you failed to report it for over a year.  Far from immediately.  

As soon as I was aware of the activity it was reported.  As is any other illegal activity I see here.  

So, you reported Nef to the "proper authorities" but don't think he deserves a scammer tag?  I guess that makes everything perfectly clear, then.

As I have previously mentioned, I believe that had he not decided to blow the whistle on Theymos and the rest who wanted to continue the scam he would deserve the tag.  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. 

[mc_lovin]

we're talking about like ~8900 BTC, like $105,000, this is a crime taking place.

If bitcoin securities are illegal because bitcoin is now officially money,

then Nefario has stolen >$100k,

and that is a crime,

and he will go to jail,

I made an appointment with my lawyer today, we'll see what he says.

You have over 100,000$ on GLBSE?

No he has an illegal gambling security on glbse  

You sure are quite a troll.  You have no right to say what is and isn't legal on GLBSE, from what I hear like 100% of the tickers on GLBSE were either legal or illegal, depends who you ask.  

[Bitcoin Oz]

we're talking about like ~8900 BTC, like $105,000, this is a crime taking place.

If bitcoin securities are illegal because bitcoin is now officially money,

then Nefario has stolen >$100k,

and that is a crime,

and he will go to jail,

I made an appointment with my lawyer today, we'll see what he says.

You have over 100,000$ on GLBSE?

No he has an illegal gambling security on glbse  

You sure are quite a troll.  You have no right to say what is and isn't legal on GLBSE, from what I hear like 100% of the tickers on GLBSE were either legal or illegal, depends who you ask.  

No I dont. But Im sure you dont have all the registration documents for offering a security to the public.

*given what we now know.

[theymos]

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.

So is your lack of response on the matter a refusal to release the minutes?

I haven't decided whether I should release it publicly. I did send a copy to BadBear, if you want independent verification on anything.

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?

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.