Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1316. (Read 3917468 times)

If anyone wants to cash out I'm willing to buy your claim if it's not too large. Provided that friedcat accepts the transfer of ownership.

Send me a pm if you're interested.

ASICMINER operators / issuers should demand a list of investors from GLBSE (glbse.com account emails) and contact each and every investor, either paying back or offering a new contract (under the same premises, obv).

Yea this is actually good news. friedcat wrote me back and said he would process my contract for getting my shares off of the GLBSE in a batch with everyone else. So it looks as though something is starting to happen.

PS, from www.glbse.com:


GLBSE has been closed

I'm sorry to inform all our users that GLBSE is no longer able to continue operating, and has now closed.

Q: What does this mean if I'm an issuer?

We will do everything in our power to make the process of moving off GLBSE as smooth as possible, we are currently working on a simple, safe, and easy to use method that will allow you to continue your relationship with your asset holders

Q:I'm a GLBSE user, what about my assets and my bitcoin?

You will be able to get back your bitcoin, and if you want to reveal your username, email, and a bitcoin address to accept payments with, you can continue your relationship with the issuer of any assets you hold.

We will begin retuning bitcoin once we have recieved all coins from the GLBSE treasurer that manages the GLBSE cash reserves. BitcoinGlobal (GLBSE's partent company) shareholders and board voted for them to be returned immediately, we are awaiting compliance with this order.

GLBSE is not coming back online. ASICMINER will have to go through a delisting procedure.
https://bitcointalksearch.org/topic/nefario-115669

The delisting is actually good news. Because it allows us to properly resolve shareholder claims.
However, it may take a few days to decide how the shares will get managed in the near future.
I suspect the next action will be a board meeting.

It's too early to ask this - let's see what Nefario says first.

friedcat - Do you have a plan if GLBSE doesn't come back on line or if (for whatever reason) you're de-listed?

I'm not attacking, but truly curious as to what you've thought about.

Yea, thanks to deeplink in this thread for calling it. I was suspicious of GLBSE when the vulnerability from 0.6.3 came out I think - GLBSE went down for a bit to download the blockchain again. They had not upgraded to 0.6.3 when it came out and it took the known exploit to be released for them to do the upgrade. My memory could be a bit fuzzy here but that's basically what happened...

I knew they had sold a significant amount.
Good to know the remainder does not reside on glbse
Tthanks for the info

@keystroke

"We should start a support group for all the ways Bitcoins can get lost/stolen/etc. There are so many possibilities!"

Unfortunately too many ! that is a very bad aspect of bitcoin. If GLBSE will not return, some bitcoins will def. be lost forever 

Like every other assets on GLBSE the IPO btc are sent to the owner.

In this case, not only are they in Friedcat hands, they have been sold at ~8 and spend on ASIC production. (most / not all)

Oh good thought.. that would suck if the company funds got tied up in this too 

Friedcat:

Did you guys take all the BTC out of GLBSE after the IPO was closed ? I hope you have the remaining BTC somewhere safe in an offline wallet !

I think it will be ok too but the problem is we have to just cross our fingers and hope Whereas the beauty of Bitcoin is how removes the need for centralized authority and trust - that doesn't give us everything though. We still have to build the economy and other technical solutions like Open Transactions, etc.

I kinda wish I had colored coins....

I guess I'm the eternal optimist. I'm thinking GLBSE will be ok.

Haha - early last week I tried to get out of DeadTerra's Gamma Fund because I was a bit worried it was going bad... over a week later he closed it and is going to pay us all based on the % he is able to get back after liquidating the fund. So I was too late as my withdrawal will not go through now.

Two days ago I decided to get out of GLBSE because I don't trust the site anymore. I send my contract back to friedcat and what do you know... GLBSE takes their site down today before I can transfer my shares to him! These are the only two investments I have made with my Bitcoins, small amounts, because I am pretty paranoid/careful in general. It is really hard not to get caught up in this stuff! That said, yes, the fund was a riskier investment and I accept that (although I wish my withdrawal was honored 100%, I understand why DT is doing it the way he is), but GLBSE going down without any explanation is definitely not cool.

Well, I did have a few bitcoin in mybitcoin.com, but I was just messing around... and in 2009 I sent a guy a few Bitcoins because I thought it was a prototype! haha. We should start a support group for all the ways Bitcoins can get lost/stolen/etc. There are so many possibilities! Well, back to hoarding (sorry to say this). Although I am still 100% behind ASICMINER and continue to plan to transfer my shares - actually when I was liquidating Gamma Fund I had planned to put some of into ASICMINER because I really believe it is a good play. Too bad I can't do that now.

It's sort of funny though... I'll let everyone know in the future if I make any BTC investments so they can sell out just before I do

Are you saying that I can buy (a not overly large quantity of) shares of ASICMINER directly from you/Bitfountain?

Please, keep me us informed.  I'm interested.

Doh!   

I had just deposited 50 BTC yesterday into my brand new GLBSE account, though I stopped short of buying any securities after I researched the whole situation some more.

I wish I'd gone with my gut and withdrawn them right away last night after my decision against purchasing securities on there.

self.fail();

I hope to get them back, but given the feel of things, I'm not counting on it.

And how do I prove ownership in case trading within GLBSE is halted? Assuming Nefario is able to and willing to cooperate, how would this work?

I hope that GLBSE will not impede on this? What are you considering in the event that GLBSE cannot allow for future share trading? (This will require different contracts to be drawn up..)

My partner and I had been talking about the temperary offline of GLBSE till now.

After our discussion, we agreed that we should make the following actions:

1. Accepting any amount of share lock-ins, with no lowest thresholds.
2. Building a platfom to automate the process.

And for MU and MOORE, which are managed in the name of myself, I will offer the same services.