GLBSE is offline We will update our users on Saturday. - page 23.

scrybe

sr. member

Activity: 350

Merit: 250

Quote from: niko on October 04, 2012, 11:31:42 AM

Lack of explanation implies lawyers got involved. Wait and see what happens.

Agreed, I'm putting my money on a Lawsuit, with a small side bet on regulatory compliance issues.

My hope is that it involves the new GLBSE 3.0 upgrade or something else that has no lasting impact.

I JUST put my largest deposit so far in and was buying shares when it went down, but I have assurance that my money is safe, and I'm willing to let it sit for a couple days.

I do think that this is far too limited a communication over a 2 days period, but there are reasons it might be needed.

I'm heading to the beach on Saturday, so I'll do some extra relaxing for all of you who have your panties in a knot.

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: niko on October 04, 2012, 11:31:42 AM

Lack of explanation implies lawyers got involved. Wait and see what happens.

Unfortunately, in my experience, you're right. Whenever something or someone goes 100% quiet it means they're involved with lawyers/lawsuits/courts/etc

theymos

administrator

Activity: 5222

Merit: 13032

Quote from: elux on October 04, 2012, 11:35:30 AM

Who controls the funds that were transferred to GLBSE? Nefario alone? (I genuinely don't know how GLBSE works.)

I have some of it, though Nefario has most of it.

gigitrix

hero member

Activity: 630

Merit: 500

Quote from: btcash on October 04, 2012, 11:13:23 AM

Lets all move to litecoinglobal

The service is in beta but it looks already pretty good and admin is committed to his site.

Pfffffffffftch. How about no.

flynn

hero member

Activity: 728

Merit: 540

Holy bitcoin !

I just sold everything yesterday night and withdrew all my coins; I feel lucky for once.

elux

legendary

Activity: 1458

Merit: 1006

Quote from: SlaveInDebt on October 04, 2012, 11:24:09 AM

Seems the only safe thing to use your BTC for is Silk Road Shocked

Perhaps you guys should buy some bitcoin, to make sure you get your bitcoins back.

Who controls the funds that were transferred to GLBSE? Nefario alone? (I genuinely don't know how GLBSE works.)

BadBear

legendary

Activity: 1652

Merit: 1128

Quote from: niko on October 04, 2012, 11:31:42 AM

Lack of explanation implies lawyers got involved. Wait and see what happens.

Yeah that's what I'm thinking. Saturday should be an interesting day.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Lack of explanation implies lawyers got involved. Wait and see what happens.

mc_lovin

legendary

Activity: 1190

Merit: 1000

www.bitcointrading.com

WTF.

rapeghost

sr. member

Activity: 419

Merit: 250

I heard GLBSE was funded with Nazi gold from WWII.

gweedo

legendary

Activity: 1498

Merit: 1000

Quote from: Korbman on October 04, 2012, 11:22:15 AM

Quote from: theymos on October 04, 2012, 10:36:00 AM

I don't know anything about this. I am extremely irritated with Nefario.

Welcome to the club Sad

Yes this club is growing fast, at least it says our Bitcoins are safe I don't if I should be worried or calm. Probably going to get my pitch fork out soon.

SlaveInDebt

hero member

Activity: 699

Merit: 500

Your Minion

Seems the only safe thing to use your BTC for is Silk Road Shocked

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: theymos on October 04, 2012, 10:36:00 AM

I don't know anything about this. I am extremely irritated with Nefario.

Welcome to the club Sad

btcash

hero member

Activity: 968

Merit: 515

Lets all move to litecoinglobal

The service is in beta but it looks already pretty good and admin is committed to his site.

greyhawk

hero member

Activity: 952

Merit: 1009

Quote from: LoupGaroux on October 04, 2012, 11:03:33 AM

This has been the 800 pound gorilla for all investments bitcoinesque, and it appears that perhaps we have now come of age and are going to have to look at playing lawlessly within the rules.

Atlas is not gonna like that.

Raoul Duke

legendary

Activity: 1358

Merit: 1002

Quote from: LoupGaroux on October 04, 2012, 11:03:33 AM

it appears that perhaps we have now come of age and are going to have to look at playing lawlessly within the rules.

Or don't play at all...

BitcoinINV

sr. member

Activity: 448

Merit: 250

Quote from: LoupGaroux on October 04, 2012, 10:59:39 AM

Quote from: BitcoinINV on October 04, 2012, 10:54:33 AM

Quote from: Ilikeham on October 04, 2012, 10:52:08 AM

Remember he only said he'd update the situation on Saturday, not put the site back on line.

Very true, someone call the S.E.C guy and ask him. I did it last time and got blasted for it, it's someone else's turn lol

Yes, the SEC is looking into a variety of issues surrounding bitcoin. And yes, he is no longer interested in taking hysterical phone calls from any of us. The next round of calls will be outgoing from them and will include subpoenas for depositions. This thing is starting to look very, very ugly.

I think this has to do with the new crowdfunding bill and how they are going to regulate it.

If the S.E.C is looking so is every other U.S investigation service that has acronyms lol

fabrizziop

hero member

Activity: 506

Merit: 500

Quote from: Ilikeham on October 04, 2012, 10:47:22 AM

He'll likely announce on Saturday he was hacked after he checks into a nice hotel in Belize tomorrow.

If you guys think you're getting your assets back I'd say the odds are low but not impossible.

In any case, even if he brings it back the panic selling will be epic and damage the stocks to the point of uselessness.

Quote from: GLBSE.com

GLBSE is offline

For those worried about their bitcoin, please calm yourselves there has been no hack and your coins are safe and all accounted for.

I apologize for the lack of notice and the downtime, but there isn't much choice. We will update our users on Saturday.

At least not one satoshi from me touched GLBSE never.

LoupGaroux

sr. member

Activity: 574

Merit: 250

Companies, especially registered legit companies, that are based elsewhere, but offer investment opportunities in the US are indeed subject to SEC regulation.

This has been the 800 pound gorilla for all investments bitcoinesque, and it appears that perhaps we have now come of age and are going to have to look at playing lawlessly within the rules.

Deprived

hero member

Activity: 532

Merit: 500

Surely it would be the FSA not the SEC - it's the FSA he was trying to get GLBSE regulated with.

It's not gonna be a hosting issue - if so they could just say so. The refusal to give any indication of the reason is a pretty clear indication that they're having to get lawyered up before giving any information - meaning some regulatory body (e.g. the FSA) or LE is on their case.

Think I'd actually be more confident about getting funds back if they HAD been hacked.

Topic: GLBSE is offline We will update our users on Saturday. - page 23. (Read 51544 times)