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Author Topic: GLBSE plan in case of legal holdup  (Read 1374 times)
unclescrooge
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May 09, 2012, 10:32:19 PM
 #1

Hello

I have somes questions for Nefario. I see that GLBSE is hosted in the US. It's not immune to a crackdown for whatever dummy reason the state can come up with (and considering bitcoin that not a foolish scenario). In such a case, have you an emergency plan? Do you keep a safe copy of bitcoin wallets and ownership of shares (and where?) to restore the website and/or give btcs back to users?

Also, would you considering moving on tor network?

And last one, what is GLBSE current status regarding the law? Are you registered,...?

I'm sorry to ask all these questions but I would feel more comfortable if your great market was protected against various attacks from the law or other.

Thanks
Raphy

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deus-ex-machina
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May 09, 2012, 10:43:14 PM
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They could always claim BTC is not a real currency and cite politicians saying the same. Everybody believes politicians no matter what they say.
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May 09, 2012, 11:17:35 PM
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How is GLBSE more "illegal" than World of Warcraft's ingame auction house?

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May 09, 2012, 11:18:22 PM
 #4

The only server in the US is a proxy server.

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May 09, 2012, 11:58:07 PM
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I asked this question about a month back.

https://bitcointalk.org/index.php?topic=77095.msg857186#msg857186

Hopefully that link works.

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May 10, 2012, 12:00:22 AM
 #6

What plan Huh

Just run with the moneyzzz Grin !!!

Do they even have a Tor node or something
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May 10, 2012, 12:02:25 AM
 #7

GLBSE's proxy server is in the US.

We only keep a small amount of BTC in our hot wallet(on the server, all else is offline).

Our data is backed up off server, and we have backup non-us domains.

We are not a registered business anywhere (mybitcoin was registered, look how that helped).

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
redbeans2012
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May 10, 2012, 12:04:14 AM
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Nefario has your forums been down for a while or is just me?

Nefario
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May 10, 2012, 12:31:07 AM
 #9

Nefario has your forums been down for a while or is just me?

I've taken it down.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
unclescrooge
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May 10, 2012, 09:00:42 AM
 #10

GLBSE's proxy server is in the US.

We only keep a small amount of BTC in our hot wallet(on the server, all else is offline).

Our data is backed up off server, and we have backup non-us domains.

We are not a registered business anywhere (mybitcoin was registered, look how that helped).

Thanks.

I really don't care about registration, quite the contrary, the more you're hidden from the law, the safer I'd feel investing my btc in GLBSE.

thanks for your answer anyway

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May 12, 2012, 10:23:14 PM
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Nefario has your forums been down for a while or is just me?

I've taken it down.

Forever, as in there will no longer be a GLBSE-run forum?

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May 13, 2012, 12:15:08 AM
 #12

Nefario has your forums been down for a while or is just me?

I've taken it down.

Forever, as in there will no longer be a GLBSE-run forum?

For the moment yes, I think the bitcointalk forums server the purpose well enough and have an excellent, dedicated admins, GLBSE doesn't have the resources yet to offer that.

The forum DB has been saved at least, so anything that was in it can be recovered.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
toffoo
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May 13, 2012, 03:03:28 AM
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For the moment yes, I think the bitcointalk forums server the purpose well enough and have an excellent, dedicated admins, GLBSE doesn't have the resources yet to offer that.

The forum DB has been saved at least, so anything that was in it can be recovered.

I agree with this decision 100%.

It was actually doubly a pain to have to check two different places to try to keep an eye on things.

Stay focused on what you're doing, making the exchange better and more reliable.  bitcointalk is doing a fine job of what they're doing.

rjk
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May 13, 2012, 03:14:09 AM
 #14

For the moment yes, I think the bitcointalk forums server the purpose well enough and have an excellent, dedicated admins, GLBSE doesn't have the resources yet to offer that.

The forum DB has been saved at least, so anything that was in it can be recovered.

I agree with this decision 100%.

It was actually doubly a pain to have to check two different places to try to keep an eye on things.

Stay focused on what you're doing, making the exchange better and more reliable.  bitcointalk is doing a fine job of what they're doing.
The introduction of the "Securities" subforum kind of made it redundant anyway.

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May 13, 2012, 04:03:33 AM
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A set of alternative domain names GLBSE could fall back on if glbse.com was seized.
Daily Anarchist
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May 13, 2012, 05:48:15 AM
 #16

I bought my first share at GLBSE today and I share the same concerns. I hope that GLBSE remains unregistered. I also hope that it is prepared against a full-scale attack/seizure from the state.

I believe that the banking cartel/global police state will eventually do everything in its power to destroy the Bitcoin economy.

Many people think that the recent FBI file on Bitcoin is harmless. I couldn't disagree more. I think it's the beginning step towards an all out war on Bitcoin.

I'm sort of sorry that GLBSE didn't start on Tor, with the owner's identity hidden, much like Silk Road. It's something new Bitcoin ventures should strongly consider. Wall Street and the state do not like competitors and they are not above killing masses of people to maintain their hegemony.

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Stephen Gornick
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May 13, 2012, 06:45:12 AM
 #17

A set of alternative domain names GLBSE could fall back on in the event of it's domain being seized by the US Govt would not be a bad idea.

The namecoin domain (.bit) has been secured.

 - http://bitcointalk.org/index.php?topic=77009.0


Related:
- http://bitcointalk.org/index.php?topic=77166.0

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