GLBSE = Grab Losers Bitcoins, Scam Everyone

[smoothie]

I know it's in the wrong section. I apologize:

But...

GLBSE = Grab Losers Bitcoins, Scam Everyone

 

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[BlackHeartFund]

GLBSE didn't really make off with everyone's money though... the vast majority of the wealth invested there is in the hands of the issuers. The mess made by GLBSE's collapse will be hard to sort out, unless the databases are recovered in a reasonable time frame.

[superfastkyle]

What if some of the large issuers on GLBSE are in on it to scam their investors. They never get a copy of databases so they can't pay back all their shareholders. Just a wild speculation but with the things that have happened it wouldn't really surprise me

[b!z]

What if some of the large issuers on GLBSE are in on it to scam their investors. They never get a copy of databases so they can't pay back all their shareholders. Just a wild speculation but with the things that have happened it wouldn't really surprise me

Welcome to the world of anonymous currency.

[conspirosphere.tk]

What if some of the large issuers on GLBSE are in on it to scam their investors. They never get a copy of databases so they can't pay back all their shareholders. Just a wild speculation but with the things that have happened it wouldn't really surprise me

+1. And even if they did not conspire in advance, I expect that several issuers will find lots of problems retrieving info about their shareholders or to pay them anyway.   

BTW: and as expected, now we are starting to see the impact of this screwup on BTC/USD. Any guess on where it will bottom?

[b!z]

What if some of the large issuers on GLBSE are in on it to scam their investors. They never get a copy of databases so they can't pay back all their shareholders. Just a wild speculation but with the things that have happened it wouldn't really surprise me

+1. And even if they did not conspire in advance, I expect that several issuers will find lots of problems retrieving info about their shareholders or to pay them anyway.   

BTW: and as expected, now we are starting to see the impact of this screwup on BTC/USD. Any guess on where it will bottom?

1. Wait for price to hit $1-3
2. Buy as much Bitcoins as possible
3. Live your life for a few months
4. ?
5. PROFIT