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Author Topic: GLBSE 2.0, Is safer now.  (Read 7673 times)
HorseRider
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April 03, 2012, 03:23:22 PM
 #101

Nefario, for the long term best interest of the GLBSE (just from my point of view, you make the decision of course), Goat should be verified closely as someone suggested in the previous post. there should be an internet video call, and the passport/office phone number should be verified in a very diligent way.

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HorseRider
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April 03, 2012, 03:24:58 PM
 #102



What if he locks his investors funds and requires them to send ID. Then sends you their ID rather than his own. Kinda like you could do, with everyones info you collect.

There is already a white man in his avatar. And I guess Nefario has enough knowledge to detect any PS tricks.

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April 03, 2012, 03:29:33 PM
 #103


Let's say that I do give you the ID and I am a scammer. What will happen after I steal all the coins?
You have to go through the considerable expense and effort of forging a new fake passport/ID as your old one would become public.

What if he locks his investors funds and requires them to send ID. Then sends you their ID rather than his own. Kinda like you could do, with everyones info you collect.

Huh I'm sorry I don't quite get the point you're making.

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The00Dustin
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April 03, 2012, 03:32:06 PM
 #104

Nefario, for the long term best interest of the GLBSE (just from my point of view, you make the decision of course), Goat should be verified closely as someone suggested in the previous post. there should be a internet video call, and the passport/office phone number should be verified in a very diligent way.
Why are you trolling so hard?  You haven't provided any indication that Goat has wronged you, and your other more accusational thread is nothing but a laugh.  You have indicated your concern, and everyone has read it, so the continuous unsupported arguing only makes it seem like you have something to gain or a personal vendetta that you won't expose because you know you're in the wrong.  Nefario will do what he thinks is best, and I should imagine, if Goat is honest but uncomfortable providing ID, BTC may even be transferred through a third party to repay debtholders.  I don't know how TyGrr would be dealt with, but TyGrr-Bank and TyGrr-BOT could be easily resolved that way.  Until that doesn't happen, your endless pointless rants just make me want to ignore you (which is probably exactly what I should do since you seem like such a troll to me, but I guess I took the bait, hook, line, and sinker).
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April 03, 2012, 03:33:17 PM
 #105

Americans trading securities with other Americans, is this a gray area or fully legal? I do not really know.

That is a red herring, totally irrelevant.

@Goat:

Regardless of the lawful or unlawful nature of floating an IPO on GLBSE in any particular jurisdiction, you already did it.  You already got a bunch of peoples' bitcoins for what may or may not be considered a "security" in one or more countries or states.  Wasting time doing a bunch of legal research now accomplishes nothing.

Providing Nefario a copy of your passport (or whatever info he's asking for) changes nothing in the eyes of the law.

Your best bet to save face publicly (and cover your ass) is to jump through his hoops to get your account unlocked and pay the dividend(s).

That will probably keep your current investors from wanting to come get you (lawfully or otherwise).

Then you can decide what to do next... continue as-is, or, if you have no faith in Nefario or GLBSE, or are uncomfortable with the questionable legality of the securities you issued, your best bet is to buy back the securities you sold.  

Regardless of how mistreated you may feel, ending this drama quickly and to the benefit of your investors will make you look more professional and save your rep.

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April 03, 2012, 03:38:39 PM
 #106

buy back the securities you sold.  

Hmm, wish that your wish is able to come true.

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April 03, 2012, 03:58:39 PM
 #107

Why do so many in this community expect another entity to come in and protect their assets? It's a big joke. If you don't want to invest money with someone that doesn't verify ID don't invest money with some one that isn't verified. What a difficult concept that is. You don't invest then demand ID AFTER the fact. When it was clearly marked he wasn't verified the entire time. Total fucking joke. Bitcoin is the wild west you guys want to turn it into USD. What the fuck is the point then.

The GLBSE is running by Nefario.
So that if he wants to verify the ID, he has the right to ask cooperation.
If his requirement is not fulfilled, he has the right to delist the asset.


 as simple as your argument.

I think 556j's comment is about how it should be run, not whether Nefario has the right. Although, I have come to the conclusion that this kind of regulation is inevitable in the case of a centralized stock exchange, and Nefario is managing it pretty well.

Providing Nefario a copy of your passport (or whatever info he's asking for) changes nothing in the eyes of the law.

I think that statements concludes the issue.
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April 03, 2012, 04:08:37 PM
 #108

I think 556j's comment is about how it should be run, not whether Nefario has the right. Although, I have come to the conclusion that this kind of regulation is inevitable in the case of a centralized stock exchange, and Nefario is managing it pretty well.


I think the regulation is inevitable, too. but you cannot convince everyone into believing it, especially if someone has already put the money into a Ponzi scheme. However, no matter someone agree with such kind of regulation or not, it's under the Nefario's decision. If someone don't like the regulation, he can leave the exchange. There is no gun pointing at his head.

In the real world, if the management team is feel bothered by the SEC and the public shareholder, they can purchase back all the stocks (privatization). Following the regulation sometimes cost less than a million dollars for a company comply with the regulation. Facebook did not want to be listed for a long time and doing private equity financing for several times. However, if you wanna be listed, obey the rules.

If Goat don't want to follow the ID verification rules, just leave the exchange. You can borrow on the forum in personal, or start an exchange of Goat's own.

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April 03, 2012, 04:15:16 PM
 #109

HorseRider, what continent are you from?

HorseRider
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April 03, 2012, 04:20:31 PM
 #110

HorseRider, what continent are you from?

Asia.

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April 03, 2012, 04:25:23 PM
 #111

Goat spend some money on the advertise for the arbitrage Bot IPO. How much would the ad. cost?

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April 03, 2012, 04:56:43 PM
 #112

Quote
Goat spend some money on the advertise for the arbitrage Bot IPO. How much would the ad. cost?

Horserider, we all know you don't like/trust Goat but how exactly is this and the other hogwash you've been posting in anyway relevant to this thread?

Could a mod please split this off from where this hogwash starts.

Oh and Horserider Glbse isn't the only place Goat does business, I'm working with him on stuff completely unrelated to all his gblse projects that makes them look tiny.

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April 03, 2012, 05:12:48 PM
 #113

Quote
Goat spend some money on the advertise for the arbitrage Bot IPO. How much would the ad. cost?

Horserider, we all know you don't like/trust Goat but how exactly is this and the other hogwash you've been posting in anyway relevant to this thread?

Could a mod please split this off from where this hogwash starts.

Oh and Horserider Glbse isn't the only place Goat does business, I'm working with him on stuff completely unrelated to all his gblse projects that makes them look tiny.

So let's back to our topic. GLBSE is asking for identity verification but Goat won't like to cooperate. So maybe you two good buddies can looking for financing your big big project somewhere else.

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Bigpiggy01
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April 03, 2012, 06:05:21 PM
 #114

Quote
So let's back to our topic. GLBSE is asking for identity verification but Goat won't like to cooperate. So maybe you two good buddies can looking for financing your big big project somewhere else.

So now you can't read either oh joy! Just to help you out:

Quote
I'm working with him on stuff completely unrelated to all his gblse projects that makes them look tiny.
"completely unrelated to" means has nothing to do with and isn't going to have anything to do with Glbse.

Furthermore, where has Goat said that he won't comply with this? He doesn't want to, that's clear and I can't say that I blame him as Gblse isn't a corporate entity in the same way as say Mt Gox, Cryptox or Bitcoinica. However I can also fully understand why Nefario wants to safeguard his users and I fully expect this to get resolved.

As to your FUD trolling in this and other threads all I can say is:


Nefario
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April 03, 2012, 06:20:07 PM
 #115

HorseRider chill

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April 03, 2012, 07:01:54 PM
 #116

Gblse isn't a corporate entity

Gblse?



(sorry, I had to do it)

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Nefario
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April 03, 2012, 07:34:13 PM
 #117

Gblse isn't a corporate entity

Gblse?



(sorry, I had to do it)

Lol, I love this, feels like I've made it.

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April 03, 2012, 10:02:27 PM
 #118

So what is the timeline Goat has for submitting verification and what is the plan if he refuses to submit the information?

Introducing constraints to the economy only serves to limit what can be economical.
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April 03, 2012, 10:12:16 PM
 #119

Wasn't (at one time) the plan to make verification optional, but if you skipped the verification your account would have scary warnings and such things, saying that it isn't verified? Which would enable shareholders to react appropriately.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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April 03, 2012, 10:46:33 PM
 #120

Wasn't (at one time) the plan to make verification optional, but if you skipped the verification your account would have scary warnings and such things, saying that it isn't verified? Which would enable shareholders to react appropriately.
I believe that was the plan.  The site has the big red X saying not verified next to each ID type and indicates that will be the behavior above said big red X's.  I think Nefario is concerned about giving access to the account to the wrong person now that it has been locked from brute forcing (because of the large sum of BTC involved).  However, quite a bit was inferred by me to make this post, and there could be more to the story that is yet to be revealed.
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