[CLOSED] GLBSE drama

[repentance]

I think it is more than hosting, doesn't MtGox OWN this forum?

As far as I know the forum is owned by Sirius.  It doesn't look like the domain name has changed hands since it was first registered last year.

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[Maged]

They conveniently omitted to say "hey, I'm selling these shares into this company which I firmly believe is going to shit."

You just described one of the biggest reasons why anyone would sell anything. That's besides the fact that he very clearly said why he thought it was going to go to shit.

Not to mention, nobody ever actually got "scammed" because of the sale, since the sale was never completed.

[ZenInTexas]

This thread is silly. But for the wrong reasons.  

The fact is admins are active participates in what bitcoin people think of as the bitcoin economy.

I don't know if there is disclosure/conflict of interest requirement for bitcointalk.org admins.  If there is not, there should be.  

I know this web board is not a newspaper, but admins participating in bitcoin enterprises should be at least disclosed just because they wield so much power in this monopoly of a bitcoin communication tool.

I would consider this a "it's not fair" cry.  But, on the other hand, I think that is because everyone in the Economy side of the board is greedy.  Money can corrupt the admins just like anyone else.  Or at least give them folks the impression after the fact.  It would have been better for the admins to stay out of the bitcoin economy.  So, either pay the admins to stay out of the bitcoin "economy" or they should disclose.  And disclosure could mean a couple of things: attach a banner tag link to what they own, run, have an inside track, have a family member, are thinking of buying etc.

So live, learn, and make changes to fix things, so it doesn't happen again.  Or suffer the slow death, as we learn not to trust this board.

[Aahzman]

This is when it becomes extremely silly.

*eats popcorn*

Mmmm Popcorn.  Think I'll pop me up a big bowl and watch The Avengers again...

[Bitcoin Oz]

I forgot the part where GLBSE wasnt a private partnership and had no duty to disclose anything about its workings to every dumb shit and fat pornstar wannabe pedo spammer on a public forum.

When the time came to make a deal with whoever made an offer to buy the GLBSE shares it is between the two parties alone and if you dont like it I dont really give a toss.

GLBSE has always been upfront about who the operator is and the supposed proprieter of MPEX doesnt even have his own forum account and hides behind a female like scammers always do. Nefario has massive alpaca balls while you are a snivelling coward shovelling crap and hiding behind an avatar of some woman.

You dont even have the guts to back your own words with a forum account linked to a real person. When the shit hits the road you will run like the cowardly dog you really are.



tl;dr youre a fucking poser.

Dave,
28 latrobe Rd, Morwell, Australia.

Come at me bro.

[greyhawk]

Dave,
28 latrobe Rd, Morwell, Australia.

Come at me bro.

Cute car.

[fcmatt]

I forgot the part where GLBSE wasnt a private partnership and had no duty to disclose anything about its workings to every dumb shit and fat pornstar wannabe pedo spammer on a public forum.

When the time came to make a deal with whoever made an offer to buy the GLBSE shares it is between the two parties alone and if you dont like it I dont really give a toss.

GLBSE has always been upfront about who the operator is and the supposed proprieter of MPEX doesnt even have his own forum account and hides behind a female like scammers always do. Nefario has massive alpaca balls while you are a snivelling coward shovelling crap and hiding behind an avatar of some woman.

You dont even have the guts to back your own words with a forum account linked to a real person. When the shit hits the road you will run like the cowardly dog you really are.



tl;dr youre a fucking poser.

Dave,
28 latrobe Rd, Morwell, Australia.

Come at me bro.

^^^^^^^^^^^^^^^^^^^
upset. could not dump his shares in time.
determining if he has to pay his shafted customers or not.

[Rarity]

The unregulated stock market was illegal.  If a group of individuals wanted to sell out shares in their illegal business because one brave man was about to go to the federal regulators, that sounds like a scam to me. 

It's not like this is the first time Theymos has been involved in extremely shady business either.  He admitted profiting off the Pirate ponzi IIRC and felt he did nothing morally wrong in the process.

[oldschool]

I forgot the part where GLBSE wasnt a private partnership and had no duty to disclose anything about its workings to every dumb shit and fat pornstar wannabe pedo spammer on a public forum.

When the time came to make a deal with whoever made an offer to buy the GLBSE shares it is between the two parties alone and if you dont like it I dont really give a toss.

GLBSE has always been upfront about who the operator is and the supposed proprieter of MPEX doesnt even have his own forum account and hides behind a female like scammers always do. Nefario has massive alpaca balls while you are a snivelling coward shovelling crap and hiding behind an avatar of some woman.

You dont even have the guts to back your own words with a forum account linked to a real person. When the shit hits the road you will run like the cowardly dog you really are.



tl;dr youre a fucking poser.

Dave,
28 latrobe Rd, Morwell, Australia.

Come at me bro.

I guess those massive alpaca balls are big enough for Nefario to scam everyone, but not quite big enough for him to address peoples concern on the forum thread dedicated to him being a scammer....  small balls are small

[SaltySpitoon]

Every so often, something makes me sad to be alive. Normally they are new apple products, and people's responses to them. This time, its this thread. So lets start with the obvious, addressing whether or not Theymos is a scammer. He said he wanted to sell his shares of GLBSE because he didn't like what was going on. He said he didn't want to be legally listed as the treasurer, probably in case something went wrong down the line, he didn't want to be held accountable. Second, if Theymos was really a scammer, why would he play with 800 measly BTC? Sure, $10k is a lot, but with his reputations, and access to everything Bitcoin, he could probably get more BTC than pirate, and then run off. Third, assuming Theymos really was a scammer, you can't honestly believe that he would give himself a tag, so that leaves me the assumption that this thread was made, not seriously, but just to piss people off, which you have almost succeeded?

I really hope Theymos doesn't dignify this with a response....

[Bitcoin Oz]

I forgot the part where GLBSE wasnt a private partnership and had no duty to disclose anything about its workings to every dumb shit and fat pornstar wannabe pedo spammer on a public forum.

When the time came to make a deal with whoever made an offer to buy the GLBSE shares it is between the two parties alone and if you dont like it I dont really give a toss.

GLBSE has always been upfront about who the operator is and the supposed proprieter of MPEX doesnt even have his own forum account and hides behind a female like scammers always do. Nefario has massive alpaca balls while you are a snivelling coward shovelling crap and hiding behind an avatar of some woman.

You dont even have the guts to back your own words with a forum account linked to a real person. When the shit hits the road you will run like the cowardly dog you really are.



tl;dr youre a fucking poser.

Dave,
28 latrobe Rd, Morwell, Australia.

Come at me bro.

^^^^^^^^^^^^^^^^^^^
upset. could not dump his shares in time.
determining if he has to pay his shafted customers or not.

I bet I've lost more bitcoins than you 

[Maged]

Third, assuming Theymos really was a scammer, you can't honestly believe that he would give himself a tag

I believe that he would. And if he refused, Justmoon (a.k.a. Stefan Thomas) would apply it to theymos, himself. That's part of why we always have two administrators.

That being said, this is still absolutely ridiculous.

[heatstroke]

The unregulated stock market was illegal.  If a group of individuals wanted to sell out shares in their illegal business because one brave man was about to go to the federal regulators, that sounds like a scam to me. 

It's not like this is the first time Theymos has been involved in extremely shady business either.  He admitted profiting off the Pirate ponzi IIRC and felt he did nothing morally wrong in the process.

I think we should start an investigatory company that vets all these securities to make sure they're on the up & up, and prescribe a common set of guidelines for them to follow, so that they're not likely to disappear overnight with their investor's money and accusations of insider trading.

There must be something similar in the unstable American Dollar economy (which is bound to collapse any day now), some government leech organization that hassles legitimate small business owners to comply with regulations (that harm their profits).

What should we call it?  The Commission for Exchanges and Securities?  Exchange and Securities Commission?

[Bitcoin Oz]

The unregulated stock market was illegal.  If a group of individuals wanted to sell out shares in their illegal business because one brave man was about to go to the federal regulators, that sounds like a scam to me. 

It's not like this is the first time Theymos has been involved in extremely shady business either.  He admitted profiting off the Pirate ponzi IIRC and felt he did nothing morally wrong in the process.

I think we should start an investigatory company that vets all these securities to make sure they're on the up & up, and prescribe a common set of guidelines for them to follow, so that they're not likely to disappear overnight with their investor's money and accusations of insider trading.

There must be something similar in the unstable American Dollar economy (which is bound to collapse any day now), some government leech organization that hassles legitimate small business owners to comply with regulations (that harm their profits).

What should we call it?  The Commission for Exchanges and Securities?  Exchange and Securities Commission?

A self regulatory body is a good thing. Micro companies cant afford the hundreds of thousands to millions of dollars that it costs to IPO on a fiat stock exchange.

[DannyHamilton]

. . .What the orange ignore button indicates to me is that a lot of people have said "wow this person is full of shit" and that this should probably be my default reaction . . .

Wow. I hadn't noticed the way the "ignore" button changes colors before.  That is going to really come in handy now that I know about it.  I agree, my default reaction on seeing an orange "ignore" button will be to click on it in the future. Thanks for pointing it out.

[Bogart]

I think we should start an investigatory company that vets all these securities to make sure they're on the up & up, and prescribe a common set of guidelines for them to follow, so that they're not likely to disappear overnight with their investor's money and accusations of insider trading.

Srsly tho, this doesn't sound like such a bad idea.  They could also insure the vetted companies' clients and shareholders against this kind of failure.

Of course there's still the problem of watching the watchers.

[Severian]

MtGox *does* the hosting, in other words, they can read your PMs.

So if MtGox gets shutdown, the Bitcoin community will lose its main exchange as well its main source of communication?

That's kind of ironic for a decentralized protocol.

[Bogart]

MtGox *does* the hosting, in other words, they can read your PMs.

So if MtGox gets shutdown, the Bitcoin community will lose its main exchange as well its main source of communication?

That's kind of ironic for a decentralized protocol.

Not to mention that they are both on US ICE-vulnerable GTLDs.

[stochastic]

Did anyone even make a serious offer to purchase the GLBSE shares?  I know in the thread about it most people thought the asking price was overvalued.  To me the initial post was just an information post and that offers were to be made privately through PM or by email.  It is in those negotiations that other information would come up, especially that Theymos was not only selling his own shares but also acting as a broker to sell other shares held by other people.

Unless an actual person that wanted to purchase the shares comes forward, I think this scammer accusation is not valid.

Also, anyone that did not see the end coming is not looking far enough down the road and needs to rethink their prowess in estimating how much a business is worth.

1.  Theymos wants to sell
2.  Theymos states that GLBSE wants to be legitimate
3.  GLBSE removes any asset associated with Goat without the approval of the board.
4.  SEC investigator contacts many people and asks about GLBSE.
5.  Nefario stating that he is talking to lawyers.

I also think anyone that talked to Nefario privately for the last 2 weeks could see his frustration in managing GLBSE.  I am sure he would agree that coding GLBSE is much easier than dealing with the legal and people aspect of it.

[repentance]

They could also insure the vetted companies' clients and shareholders against this kind of failure.

The premiums would be out of reach of most small businesses, members.  Just think of how much such an organisation would have had to pay out from the failures which have happened this year alone.  Its in the millions.