The Largest Bitcoin Scam of Them All?

[bitstarter]

There's no reason they can't reply in this thread if their so called 'company' isn't a scam. Or the GLBSE site. Who makes money from GLBSE? Just the owner who gets a percentage.

And I'm not the one asking for capital to fund my 'mining' operation with no intention of paying anyone back.

You must be one of the people who think ponzi schemes are ok to market on this so called 'exchange'.

Hello Buttcoin - I'm one of those Companies who has a face ,who you attacked in your piece. I own http://www.bitcoinstarter.com or Bitstarter and under IBB umbrella of investments . It is taking long for us to setup then expected but we tend to be a full-fledged company and will be launching soon.

What is your beef with GLBSE?

[buttcoin1]

I would tread extremely carefully - you are running the very real risk of being convicted of slander by the various individuals and the businesses you have made statements against so far.

eh, these companies are all scams. Prove otherwise? Do they have business licenses?

Who would I be convicted from? The Bitcoin Police? Yes, I know who they are: http://www.efwhyeye.com/?p=318

[memvola]

What is your beef with GLBSE?

I don't understand what their beef is with Bitcoin in general... Some people are really putting time and effort into this. What's the catch? Would anyone care to enlighten me?

[buttcoin1]

There's no reason they can't reply in this thread if their so called 'company' isn't a scam. Or the GLBSE site. Who makes money from GLBSE? Just the owner who gets a percentage.

And I'm not the one asking for capital to fund my 'mining' operation with no intention of paying anyone back.

You must be one of the people who think ponzi schemes are ok to market on this so called 'exchange'.

Hello Buttcoin - I'm one of those Companies who has a face ,who you attacked in your piece. I own http://www.bitcoinstarter.com or Bitstarter and under IBB umbrella of investments . It is taking long for us to setup then expected but we tend to be a full-fledged company and will be launching soon.

What is your beef with GLBSE?

How much working capital do you have?

Do you have a business license?

What country are you operating out of?

Where is your full contact information?

Do you know how to create accounting statements?

The GLBSE isn't a stock exchange, you are essentially asking for a loan. What is your collateral?

What is your plan to return equity to owners when you essentially go bankrupt?

Do you have an SLA?

Do you, or have you, created a business plan?

Who is this company? Is it just one person operating out of a college dorm room?

[Ben Walsh (beamer)]

You do know how Facebook started right ?

Regarding the slander ...

Equally applicable to individuals.

I'm just waiting for something aimed directly at me.

There's no reason they can't reply in this thread if their so called 'company' isn't a scam. Or the GLBSE site. Who makes money from GLBSE? Just the owner who gets a percentage.

And I'm not the one asking for capital to fund my 'mining' operation with no intention of paying anyone back.

You must be one of the people who think ponzi schemes are ok to market on this so called 'exchange'.

Hello Buttcoin - I'm one of those Companies who has a face ,who you attacked in your piece. I own http://www.bitcoinstarter.com or Bitstarter and under IBB umbrella of investments . It is taking long for us to setup then expected but we tend to be a full-fledged company and will be launching soon.

What is your beef with GLBSE?

How much working capital do you have?

Do you have a business license?

What country are you operating out of?

Where is your full contact information?

Do you know how to create accounting statements?

The GLBSE isn't a stock exchange, you are essentially asking for a loan. What is your collateral?

What is your plan to return equity to owners when you essentially go bankrupt?

Do you have an SLA?

Do you, or have you, created a business plan?

Who is this company? Is it just one person operating out of a college dorm room?

[RandyFolds]

Regarding the slander ...

Equally applicable to individuals.

I'm just waiting for something aimed directly at me.

Ben Walsh, you are a poorly-spoken pile of shit, and you sound like a giant douchebag in this thread.
















Wait...it isn't slander if it's true.

[RandyFolds]

The notion of "risk" does not apply. You take no risk when giving your money to a hobo, you give them up voluntarily. If 10 years later the same hobo turned successful business man gives you a million dollars out of gratitude, that's not an investment paying off, it's just serendipity. In the same way, giving money to random people on GLBSE cannot be considered an investment that caries a risk.

It strikes me that these folks set to live out their libertarian fantasies online behave much like a cargo cult: they duplicate the institutions from the statist world without bothering to understand why those regulations come to be, and how to supplement them in a deregulated fashion. They seem to believe that if you buy a domain called bitcoinbank.com or bitcoinstockexchange.org and cobble a web interface that claims it's a bank or a stock exchange, it will magically start to behave like the real thing, only much better because of the moral superiority of deregulation, freedom et al.

Don't get me wrong, maybe a stock exchange can function in a deregulated fashion, but they have to supplement the lack of government enforced contracts with real private contracts, and put meat on the bones of the "freedom of contract" mantra. Strong requirements of identity and financial disclosure, audits by respected 3rd parties, real contracts backed by escrow and/or private mediation etc.

Without these there's no "freedom of contract" at play because there's no contract - an enforceable bilateral agreement; it's all just a gentleman's agreement, in effect creating a lemon market where everybody is out to scam his counterpart since there's no way to know if you are talking with a real gentleman.

Well said, BubbleBoy.

[buttcoin1]

You do know how Facebook started right ?

I wasn't aware that Facebook IPO'd on the GLBSE.

[RandyFolds]

You do know how Facebook started right ?

I wasn't aware that Facebook IPO'd on the GLBSE.

zing!

[buttcoin1]

I have no account on SA. How can I prove this? Does an IPO on the GLBSE count?

Apparently because someone points out there's something wrong with the Bitcoin Mafia the person is labeled a troll or an SA member.

I do not look like this:



Or know what SA is.

[bbit]

What is your beef with GLBSE?

I don't understand what their beef is with Bitcoin in general... Some people are really putting time and effort into this. What's the catch? Would anyone care to enlighten me?

Good luck. Will since we have SA attention why don't they go ahead and inform us. Buttcoin ...Randyfold watcha say? Btw: notice how this thread will grow more with them ad they report back to the home base to rile up there fellow trolls!

[RandyFolds]

What is your beef with GLBSE?

I don't understand what their beef is with Bitcoin in general... Some people are really putting time and effort into this. What's the catch? Would anyone care to enlighten me?

Good luck. Will since we have SA attention why don't they go ahead and inform us. Buttcoin ...Randyfold watcha say? Btw: notice how this thread will grow more with them ad they report back to the home base to rile up there fellow trolls!

Are you retarded? I troll for the love of the game, not some SA government troll subsidies.

[buttcoin1]

What is your beef with GLBSE?

I don't understand what their beef is with Bitcoin in general... Some people are really putting time and effort into this. What's the catch? Would anyone care to enlighten me?

Good luck. Will since we have SA attention why don't they go ahead and inform us. Buttcoin ...Randyfold watcha say? Btw: notice how this thread will grow more with them ad they report back to the home base to rile up there fellow trolls!

Do you think that GLBSE is the place to put your hard earned money? Do you normally just give away your money? Do you have a problem with someone calling out issues with a website that takes peoples money?

You are the problem, not the solution.

[bbit]

What is your beef with GLBSE?

I don't understand what their beef is with Bitcoin in general... Some people are really putting time and effort into this. What's the catch? Would anyone care to enlighten me?

Good luck. Will since we have SA attention why don't they go ahead and inform us. Buttcoin ...Randyfold watcha say? Btw: notice how this thread will grow more with them ad they report back to the home base to rile up there fellow trolls!

Are you retarded? I troll for the love of the game, not some SA government troll subsidies.

Wow, you are stupid you admitted you were you need the evidence?

[RandyFolds]

What is your beef with GLBSE?

I don't understand what their beef is with Bitcoin in general... Some people are really putting time and effort into this. What's the catch? Would anyone care to enlighten me?

Good luck. Will since we have SA attention why don't they go ahead and inform us. Buttcoin ...Randyfold watcha say? Btw: notice how this thread will grow more with them ad they report back to the home base to rile up there fellow trolls!

Are you retarded? I troll for the love of the game, not some SA government troll subsidies.

Wow, you are stupid you admitted you were you need the evidence?

Yes, because I am pretty certain that I am not a member there, though I have pondered it.

Why would you ask if I need the evidence? Show 'em if you got 'em, pussy.

[buttcoin1]

What is your beef with GLBSE?

I don't understand what their beef is with Bitcoin in general... Some people are really putting time and effort into this. What's the catch? Would anyone care to enlighten me?

Good luck. Will since we have SA attention why don't they go ahead and inform us. Buttcoin ...Randyfold watcha say? Btw: notice how this thread will grow more with them ad they report back to the home base to rile up there fellow trolls!

Are you retarded? I troll for the love of the game, not some SA government troll subsidies.

Wow, you are stupid you admitted you were you need the evidence?

Yes, because I am pretty certain that I am not a member there, though I have pondered it.

Why would you ask if I need the evidence? Show 'em if you got 'em, pussy.

Dude, I think that's slander. He may contact the Bitcoin Police and put you in bit jail.

[RandyFolds]

What is your beef with GLBSE?

I don't understand what their beef is with Bitcoin in general... Some people are really putting time and effort into this. What's the catch? Would anyone care to enlighten me?

Good luck. Will since we have SA attention why don't they go ahead and inform us. Buttcoin ...Randyfold watcha say? Btw: notice how this thread will grow more with them ad they report back to the home base to rile up there fellow trolls!

Are you retarded? I troll for the love of the game, not some SA government troll subsidies.

Wow, you are stupid you admitted you were you need the evidence?

Yes, because I am pretty certain that I am not a member there, though I have pondered it.

Why would you ask if I need the evidence? Show 'em if you got 'em, pussy.

Dude, I think that's slander. He may contact the Bitcoin Police and put you in bit jail.

What do you mean, "you"? How dare you? That's verbal assault, and I'll see you in court, holmes.

You sir, are a racist homosexual pornographer.

[memvola]

I troll for the love of the game, not some SA government troll subsidies.

I still don't get why trolling is fun, though I don't have any argument why it shouldn't be... It's probably easier to troll passionate communities, so makes sense to pick Bitcoin too. So, there is no negative sentiments towards Bitcoin and all this is because this forum is easily trollable? Somehow I doubt that...

[bbit]

I would tread extremely carefully - you are running the very real risk of being convicted of slander by the various individuals and the businesses you have made statements against so far.

eh, these companies are all scams. Prove otherwise? Do they have business licenses?

Who would I be convicted from? The Bitcoin Police? Yes, I know who they are: http://www.efwhyeye.com/?p=318

So every company without a license is a scam wow what a moron you are!

[Anonymous]

It's a European thing. There's very few places in the world right now where you can start a business without the permission of your state overlords.

A damn shame, really. It's a poor attitude to have about business in general.