GLBSE BitBacco (BB) Stock is a SCAM

[Anonymailer]

Hi people,

Back from semi/possible/something-like-retirement here having closed shop a few months ago probably more than temporarily to make this scam alert. Title says it all really. Sorry guys! To be honest I would have thought you'd need some kind of verification to get listed on there... If they want to hand the deeds or whatever there is on GLBSE to me I'll happily not kill the stock, but like I say, I'm not all that likely to open shop in the next month or two at the very least…

In memoriam of Bitcoin's first tobacconist   

[teflone]

Im confused, could you repeat that ? 

[brendio]

Maybe his post on the GLBSE forum was clearer. Here's my take on it: Someone other than the OP listed BB on GLBSE to raise funds using the name of BitBacco, but is not associated with the OP, and the OP has only just now realised.

The contract for BB on GLBSE is not signed, so there's no way to check who put it there.

Lesson for GLBSE investors: verify contract signatures before investing! The same thing would have steered you clear from the fake GLBSE listing of GLBSE.

The 30 day volume is 0.15 BTC, so at least the damage is minimal.

[LoupGaroux]

Yup, another GLBSE asset that is claiming that it was hijacked, or a fraud.

Funny how they all seem to be happy selling shares until it slows down and then they are "getting out of bitcoins" or "it is more work and not profitable" or the "account was a fake and/or hijacked", but the only sucker who gets hurt in any of it is the one who invested in the asset. The alleged scammers get off free and clear. The original "owners" of the brand or asset walk away with no ramifications, and the market just sits there welcoming more scammers to come and create cesspools of fraud one after the next.

Is BitBacco a scammer or is this the one honest story in a long line of scams? Decide for yourself.

[teflone]

Ill stick with buying shares of IBB

[sadpandatech]

Yup, another GLBSE asset that is claiming that it was hijacked, or a fraud.

Is BitBacco a scammer or is this the one honest story in a long line of scams? Decide for yourself.

The number of new, bogus assets is near or at 0 since Nef upped the fee to create a new asset. I'd like to see them enforce signing on new assets and have some requirement that the asset creator has atleast made a 'public' announcement with their sig on the forums here as well before the asset is allowed through.


My vote is that the OP here is telling the truth.  Though, it does make one wonder why he did not notice the 'fake' asset sooner.?

[LoupGaroux]

I suggested a much larger security/honesty bond to Nef, at least he went as far as he did. I also suggested a number of other measures to build some accountability into the system... hopefully some of that will be incorporated into GLBSE 2.0 which is supposed to debut on Friday.

I have found three assets that I feel confident in, and am watching like a hawk. Gone are the days of throwing dozens of bitcoins at the new issues just to help build a market.

[sadpandatech]

I suggested a much larger security/honesty bond to Nef, at least he went as far as he did. I also suggested a number of other measures to build some accountability into the system... hopefully some of that will be incorporated into GLBSE 2.0 which is supposed to debut on Friday.

Aye, I had also suggested a bump in the asset creation cost in some emails we exchnaged a while back. I can't wait to see 2.0!

Gone are the days of throwing dozens of bitcoins at the new issues just to help build a market.

It's a shame too. :/  Why can't we just have nice things?!  I just realized where you were coming from with your post earlier in this thread after reading the Lif thread.

oh well, weed em out and make more room for the rest of us.

The biggest grief I have with any of the 'crashed' investment projects, this includes Mybitcoin if they were legit. Is that none of them have come to the community when the problems first start to say whats going on atleast. Maybe it's pride. Maybe it's just not caring enough about the others who they should feel accountable towards. Who knows. My first reaction would be to find someone more capable and/or willing to help in any capacity. The whole silence and then running off thing is a real nut crusher...

cheers

[Anonymailer]

Yup, another GLBSE asset that is claiming that it was hijacked, or a fraud.

Is BitBacco a scammer or is this the one honest story in a long line of scams? Decide for yourself.

The number of new, bogus assets is near or at 0 since Nef upped the fee to create a new asset. I'd like to see them enforce signing on new assets and have some requirement that the asset creator has atleast made a 'public' announcement with their sig on the forums here as well before the asset is allowed through.


My vote is that the OP here is telling the truth.  Though, it does make one wonder why he did not notice the 'fake' asset sooner.?

Thank you! The thing is, I shut the doors of BitBacco several months ago anyway so I haven't been following related activity as closely as perhaps I should have been.

But for the doubters, if you whois bitbacco.com the name/address there (which is the same as that which was on the about us page of the site when it was active) refers to me - John - not this 'Kyle' person who set up the BB stock!

I haven't heard anything from GLBSE about this, should I be doing something else?

[LoupGaroux]

Unfortunately John, communication with GLBSE is at best a convoluted and infrequently attended mess. The glitterati here who are listed as key players at GLBSE have nothing beyond a limited custodial role, all operations is handled by Nefario, and the nature of the way the assets were created makes it nigh impossible for him to block anything criminal.

Looks like another interesting idea knifed in the back by little scammer boys.