Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1318. (Read 3917029 times)

Thanks for quoting, so I don't have to copy-paste my own lines 

I reaaaallly Hope everything is up again this weekend

The problem is assets have been delisting themselves at the rate of 1-2 a day for a while now.

Problem with a passthrough is that the original shares are still listed on GLBSE, so you are basically only adding risk, not decreasing it.

I honestly think 'Goatgate' happened because there's bad blood between them. I don't see Nefario killing GLBSE by delisting more assets at a whim. In any case, with ASICMINER it's either a huge success in the next 45 days or it's a complete bust. What are the chances GLBSE goes under before Christmas ? I don't know, but I am more than willing to take that risk.

If you find someone willing to buy or give up a bulk of shares so you could create that passthrough since no new shares will be issued by asicminer.
At this point i doubt someone will do this.

I hate to make a "me too" post, but...I find myself in the same boat.  I'd love to invest some in ASICMiner, but after doing a bit of research on the current state of GLBSE, I don't feel comfortable taking on the (perceived) risk associated with holding shares on GLBSE.

+1 to the idea of allowing an alternate means of buying into ASICMiner, that's accessible for us small-timers not looking to buy 5000+ shares to become a board member.

I don't want to derail this thread with accusations and discussions on who's wrong and right. Those belong in the appropriate threads. But since you ask I will clarify my reasons. I also think it is relevant to ASICMINER shareholders, because you are obviously using GLBSE as an exchange/broker to hold your assets. I have considered a list of things that have happened in the last weeks.

First I was not impressed with how the audit on DMC was handled (it wasn't).

Also the fact that usagi was involved in GLBSE. Many threads exist about usagi's business practices and they show very clearly to me that he/she is not trustworthy.

Nefario has been involved with the Intersango/Bitcoinica team (Bitcoin conference in London).

Actions with real and fake GLBSE assets, leads me to believe a power struggle is ongoing within GLBSE.

The website is in bad shape and has not improved for months. Bad sign about competence of the programmer(s).

I don't care whether de-listing Goats assets was legit. It is about the way it is being handled from there (it isn't).

The code-system proposed by GLBSE after de-listing Goats assets is seriously flawed. Not a good sign for an exchange who should know about every security aspect there is.

Rumours about possible problems with SEC or FSA.

And last but not least, no response from GLBSE/Nefario on the forum in the last days or so about any of this.

Everyone can make their own opinions about this. It doesn't affect me anymore. It is all about risk and trust. My conclusion is that GLBSE/Nefario is currently a huge liability on my investments. I am taking enough risks already and this is one that I decide to pass on. I stopped using GLBSE until they handle all concerns and prove that I can trust them.

Some of the current threads:

https://bitcointalksearch.org/topic/scammer-tag-nefario-114442
https://bitcointalksearch.org/topic/nefario-glbse-112071
https://bitcointalksearch.org/topic/tygrr-assets-on-glbse-delisted-112551
https://bitcointalksearch.org/topic/m.1182044


UPDATE: Forum moderator now also thinks GLBSE is illegal:

10 days have gone by

19 - 49 days left before ASICMINER goes live (if all's well) !!! 

No, there are ways this could have been resolved without re-listing the assets.


Let's please move this subject to its relevant thread.

@SebastianJu: I myself only had mining bonds of Goat and I don't even want it to get re-listed. The problem is, if the decision wasn't rushed we could have gotten rid of our our shares one way or another. Nefario didn't offer any explanation about why it was done this way. The stonewalling still goes on. This shook my confidence in GLBSE. Doesn't matter whether they had to do it because of legitimate legal concerns; even worse I suppose. You should read the thread to decide for yourself whether he should get a scammer tag. I agree the situation is absurd.

So some people want that nefario allows hyips? Or are they angry because he allowed them from the start? If the last... many persons trusted pirate because they wanted to. If nefario had removed them from the start the outcry would be big.

If they want that nefario allows hyips... i dont understand. Why would they want that or how benefit from it? Are they scammer itself and offered the hyips or whats the reason behind pushing such?

Maybe they would be able to trade them anyway when the securities are in the black market tab. But till now i dont understand what their concerns are. They doesnt sound clean.

If nefario gets a scammertag from this forum... something has to wrong with the mods. At least from the info i have till now.
And i dont see why one should keep persons at glbse that want proven and crashed hyips at glbse... i mean when they are gone the platform would be safer only.

But maybe there is more info i dont have till now.

Did Nefario do the wrong thing refusing to list a pot farm on glbse ? Should he list anything or tolerate something that may be illegal and could have him thrown in jail for racketeering ? Should he put all the other securities at risk ?

Goat could be subject to an investigation for listing a PPT on glbse so banning him is a good idea.

Pretty much.

No one knows why the assets are illegal and Nefario isnt allowed to make a statement about it.

The TYGRR delisting topic is pretty good review of what happened.  Someone please correct me if my summary is wrong:

Pirateat40 offers really high returns by laundering money for some illegal stuff in BTC.
A bunch of pirate pass through listings show up on GLBSE and lots of people jump on board.
Pirateat40 "defaults" and runs with or loses all the money.
Everyone gets their feelings hurt in one way or another.
An SEC investigation is started.
Nefario gets legal advice then delists everything that is probably criminal because he is making the exchange legitimate.
He can no longer be an accomplice now that everything fell apart.
Goat calls him out for being a scammer and reaffirms that he still wants to keep Nefario involved,
Nefario goes silent.
The forum panics and starts selling everything because Nefario is a "hot head".
Now Maged is going to give Nefario a scammer tag if he doesn't support the illegal activity as an accomplice i.e. relist the assets.

Sound about right?

oO What did nefario do to scare you away deeplink? The only actions he took that im aware of are actions against possible scams. So you think he reacted wrong anywhere? If so where?

What's the best thread for the info on what is going on with GLBSE? Sorry didn't want to hijack this one but wasn't able to find it. Thanks!

Edit: What would be a secure method of holding "direct shares"?

If you hold >1000 shares you may want to consider contacting friedcat for "direct shares".

got anything else worth while?

Yep that was me, you're welcome.

Massive unload, thanks! 

Too bad, I cannot accept the risks involved with GLBSE.
I have decided to close my account there and that means unfortunately I have to sell all my shares in this project.
GLBSE and the people running it are too much of a liability at the moment.