Sorry for this may be being an offtopic. I was wondering what are the possibilities of BitFunder following the same way as GLBSE did. Is it a real possibility ?
First off let me make one thing very clear about the way GLBSE closed.
GLBSE was shut down without notice at the operators whim. It was not forced to do so by any third parties.
If I ever get a 'bad feeling', I would at offer a bare minimal of 7 days notice, but more likely 30~90 days depending on the reasoning.
After shutdown, any BTC held in accounts would be returned to their public BTC address. The public asset list as of time of shutdown would remain live and public.
Any issuers who have unclaimed shares from previous incidents will have full detailed information.
As for that 'bad feeling', you never know what life may surprise you with. The only way I see anything actually happening, would be some kind of odd government intervention.
BitFunder does not currently trade actual shares of ownership of businesses.
However you never know how any government may attempt to construe this. With this said, there are some very large plans in the works to ensure BitFunder's survivability.
Once the details on this are more finalized I will share the good news. In the mean time, which could be many many months as this will take some time, I see no immediate danger for the site.
