Gigamining / Teramining - page 82. | Bitcointalksearch.org

ianspain

donator

Activity: 164

Merit: 100

Quote from: jamesg on October 05, 2012, 07:37:12 PM

To all Gigaminers:

According to Theymos' post, GLBSE is closing down. I have personally spoken with Nefario and he has stated that Gigamining coins and the list of asset holders would be available on Monday.

Once I receive the list and coins, I will work to make a script to keep coupon payments going. As for anything beyond this, it will be difficult to continue without Gigaminers being able to buy and sell when they choose.

As far as the future is concerned, we can consider everything on hold until I can further assess the situation.

Best,
gigavps

Hi Gigaminning, how will you match assets holders with btc addresses???

smickles

sr. member

Activity: 446

Merit: 250

Quote from: jamesg on October 05, 2012, 07:37:12 PM

To all Gigaminers:

According to Theymos' post, GLBSE is closing down. I have personally spoken with Nefario and he has stated that Gigamining coins and the list of asset holders would be available on Monday.

Once I receive the list and coins, I will work to make a script to keep coupon payments going. As for anything beyond this, it will be difficult to continue without Gigaminers being able to buy and sell when they choose.

As far as the future is concerned, we can consider everything on hold until I can further assess the situation.

Best,
gigavps

Time to look into OT then, I suppose.

markm

legendary

Activity: 2940

Merit: 1090

Quote from: SysRun on October 05, 2012, 09:54:34 PM

bounty time. lets get the next share based system up and rolling!

Consider adding to this bounty: https://bitcointalksearch.org/topic/bounty-185-btc-open-transactions-client-for-grandmas-105506

-MarkM-

SysRun

hero member

Activity: 616

Merit: 500

Portland Bitcoin Group Organizer

bounty time. lets get the next share based system up and rolling!

GoWest

hero member

Activity: 563

Merit: 501

betwithbtc.com

Quote from: jamesg on October 05, 2012, 07:37:12 PM

To all Gigaminers:

According to Theymos' post, GLBSE is closing down. I have personally spoken with Nefario and he has stated that Gigamining coins and the list of asset holders would be available on Monday.

Once I receive the list and coins, I will work to make a script to keep paying coupon payments going. As for anything beyond this, it will be difficult to continue without Gigaminers being able to buy and sell when they choose.

As far as the future is concerned, we can consider everything on hold until I can further assess the situation.

Best,
gigavps

At the end of the day, there are always ways to sell shares privately, though I'd be shocked if another exchange didn't quickly come into being within the coming weeks to fill the gap.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

To all Gigaminers:

According to Theymos' post, GLBSE is closing down. I have personally spoken with Nefario and he has stated that Gigamining coins and the list of asset holders would be available on Monday.

Once I receive the list and coins, I will work to make a script to keep coupon payments going. As for anything beyond this, it will be difficult to continue without Gigaminers being able to buy and sell when they choose.

As far as the future is concerned, we can consider everything on hold until I can further assess the situation.

Best,
gigavps

DonChate

member

Activity: 61

Merit: 10

so what's the post-GLBSE plan?

Puppet

legendary

Activity: 980

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Quote from: smaynard on October 05, 2012, 07:07:00 AM

Doubtful that the SEC would get involved with a UK exchange...

They might not go after the exchange itself, and leave that to British authorities, but why wouldnt they go after Americans selling unregistered securities (to other Americans) ?

johnlu

sr. member

Activity: 471

Merit: 252

Quote from: 2GOOD on October 04, 2012, 02:36:31 PM

The site was open at markets, just went back and it was there - cached, only the two imgs are not loading if u didnt closed the browser you can try the BACK button.

Thanks for this comment, it worked for me.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: smaynard on October 05, 2012, 07:07:00 AM

Doubtful that the SEC would get involved with a UK exchange...

But they could have called their "buddies" in the corresponding TLA in the UK and had them look into it (FSA I believe).

smaynard

newbie

Activity: 28

Merit: 0

Doubtful that the SEC would get involved with a UK exchange...

Puppet

legendary

Activity: 980

Merit: 1040

As for the definition of selling, from that same document:

(3) The term ‘‘sale’’ or ‘‘sell’’ shall include every contract of
sale or disposition of a security or interest in a security, for
value. The term ‘‘offer to sell’’, ‘‘offer for sale’’, or ‘‘offer’’ shall
include every attempt or offer to dispose of, or solicitation of
an offer to buy, a security or interest in a security, for value.

Again, no mention of legal tender. It has to have value, and its hard to claim bitcoins have none.

Puppet

legendary

Activity: 980

Merit: 1040

IANAL, so this is the first thing you should ask him, but I dont see where it says the security has to be denominated in dollars, or even in a currency:

The term ‘‘security’’ means any note, stock, treasury
stock, security future, security-based swap, bond, debenture,
evidence of indebtedness, certificate of interest or participation
in any profit-sharing agreement, collateral-trust certificate,
preorganization certificate or subscription, transferable share,
investment contract, voting-trust certificate, certificate of de-
posit for a security, fractional undivided interest in oil, gas, or
other mineral rights, any put, call, straddle, option, or privilege
on any security, certificate of deposit, or group or index of secu-
rities (including any interest therein or based on the value
thereof), or any put, call, straddle, option, or privilege entered
into on a national securities exchange relating to foreign cur-
rency, or, in general, any interest or instrument commonly
known as a ‘‘security’’, or any certificate of interest or partici-
pation in, temporary or interim certificate for, receipt for, guar-
antee of, or warrant or right to subscribe to or purchase, any
of the foregoing

http://www.sec.gov/about/laws/sa33.pdf

jamesg

vip

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Merit: 1000

AKA: gigavps

Quote from: Puppet on October 05, 2012, 06:06:39 AM

If there is any truth in the rumor that this is SEC related, and if even if there is not, you may want to lawyer up if you havent already. That goes for all issuers of assets on GLBSE, but particularly US residents and non anonymous ones like yourself. Selling of unregistered securities is a felony, and its hard to see how GLBSE bonds would not be considered unregistered securities, if even this is:
http://invest-faq.com/articles/warn-unreg-secur.html

Hi Puppet,

If what you are saying were true, it would mean that the US Government would need to recognize Bitcoin as money.

Best,
gigavps

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: Puppet on October 05, 2012, 06:06:39 AM

Quote from: jamesg on October 04, 2012, 02:01:40 PM

Quote from: ?? on ??

Out of curiosity, what's the contingency plan if GLBSE gets taken
down by the government of whatever backwater they hail from ?

Hi znort987,

I am going to wait until we hear from Nefario on Saturday before deciding a course of action.

Best,
gigavps

If there is any truth in the rumor that this is SEC related, and if even if there is not, you may want to lawyer up if you havent already. That goes for all issuers of assets on GLBSE, but particularly US residents and non anonymous ones like yourself. Selling of unregistered securities is a felony, and its hard to see how GLBSE bonds would not be considered unregistered securities, if even this is:
http://invest-faq.com/articles/warn-unreg-secur.html

All dollar denominated. The link you gave does not address the issue of non-dollar denominated "securities".

Has anyone ever found an example where the SEC was involved in a case where the sale of the "security" was not in dollars? That would be interesting. Have they ever busted someone for selling securities in pesos for example?

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: jamesg on October 04, 2012, 02:01:40 PM

Quote from: ?? on ??

Out of curiosity, what's the contingency plan if GLBSE gets taken
down by the government of whatever backwater they hail from ?

Hi znort987,

I am going to wait until we hear from Nefario on Saturday before deciding a course of action.

Best,
gigavps

If there is any truth in the rumor that this is SEC related, and if even if there is not, you may want to lawyer up if you havent already. That goes for all issuers of assets on GLBSE, but particularly US residents and non anonymous ones like yourself. Selling of unregistered securities is a felony, and its hard to see how GLBSE bonds would not be considered unregistered securities, if even this is:
http://invest-faq.com/articles/warn-unreg-secur.html

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: SysRun on October 04, 2012, 06:29:21 PM

Now this huh? Time to start a transparency in bitcoin business network.

Hi SysRun,

Are speaking about glbse and nafario, or is this comment about gigamining?

Thanks,
gigavps

SysRun

hero member

Activity: 616

Merit: 500

Portland Bitcoin Group Organizer

Now this huh? Time to start a transparency in bitcoin business network.

2GOOD

hero member

Activity: 547

Merit: 531

First bits: 12good

Quote from: Bugpowder on October 04, 2012, 01:13:33 PM

Quote from: BurtW on October 04, 2012, 12:29:32 PM

Quote from: 2GOOD on October 04, 2012, 12:25:09 PM

I've just made a full screenshot of my Portfolio page.. just in case. Hopes that I won't need it Undecided

How did you do that. Or did you do it before the site was taken down?

Probably the page was already open?

The site was open at markets, just went back and it was there - cached, only the two imgs are not loading if u didnt closed the browser you can try the BACK button.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: ?? on ??

Out of curiosity, what's the contingency plan if GLBSE gets taken
down by the government of whatever backwater they hail from ?

Hi znort987,

I am going to wait until we hear from Nefario on Saturday before deciding a course of action.

Best,
gigavps

Topic: Gigamining / Teramining - page 82. (Read 216450 times)