Topic: GLBSE Security (Read 987 times)
The client download is, as far as I can tell, not much more than a makeshift frontend. Your shares/deposited BTC are on the exchange server, so any transaction you do from any client will be final.
All your VM would store is a userID reference that authenticates you to a folio of shares and a balance that is on the GLBSE servers. Nope, double selling will not work.
Suppose I set up GLBSE in a virtual machine and buy some shares of a company. Is there anything stopping me from buying shares, copying the virtual machine 100 times, and selling the shares on all of the VMs? My guess is that each user is assigned a value to prevent this, but I just want to be sure.
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