Topic: I sure do miss the GLBSE - page 2. (Read 3810 times)

I'm not suggesting that you had malice like Pirate. You are making your investors whole. It is a commendable thing, and it shows a lot of integrity. I put your name out there with Pirate's because you were problematic in different ways.

As I understand it your problem was that you tried to be a clever fund manager at a time when most of what was available to include in a fund was toxic junk. You tried to do the best you could in an environment which was overpopulated with bad information, and the two things you needed not to leave the market did. Maybe you could have structured the fund better by fixing the ratios of shares between the NYAN.X's, but that is an optimization problem which probably would have still been rendered moot by the collapses of Pirate and GLBSE.

You aren't in my post because you are a villian, but because you were a victim. A victim who through a deficit of knowledge eagerly positioned themselves such that they would be making their investors whole out of their own pockets in the midst of on of bitcoin's more stable bull runs.

I think your silver fund will do better. You are taking a simpler structure and tying your business to an asset with volatile yet intrinsic value. I won't be joining your fund at this time because when I invest in metals I always take delivery, preferring Ye Olde Pawnshop to serve as my exchange of choice. I don't know much about metals funds, but it seems like it would be hard for the silver to lose its value because Nefario runs away with the records.

You are Icarus falling from the sky after the easy bitcoin security industry melted, while Pirate is Pol Pot depopulating Cambodia. Very different stories, but both cautionary tales. People have to watch so that Pol Pot (Pirate) doesn't genocide everybody's money, but they also have to watch their own egos lest they fall from the sky like you did last year.

Please don't compare me to pirate. Comparing me to Pirate is very unfair given what I actually did. I stepped in and paid people who lost money on pirate. For example, Matic Kočevar, the BitBet guy. When pirate folded I paid him over 1,000 BTC. That's a lot of money. I was honest. And now I am paying CPA's assets (NYAN) out of my own pocket.

I paid people back just like everyone else did. In fact I did more, I put my own personal money on the line. Now I am running a new business, TU.SILVER which is enjoying relative success and will soon be worth more than all other precious metals funds in the community combined. Probably time to give it a rest.

Sure little things, maybe somewhat embarrassing public things. I doubt he's going to fold up like Nefario did, or pull a bet Mathew's.

I'm sure in time he'll miss finance stuff, too. He has to.

Yes it does, but thankfully it happens outside of finance. Bitcoin doesn't need MP to be a jurist or a hardware engineer, so I can easily forgive if he has some misses here and there. We need him to be the capable financier he is though or we'd be stuck with nothing but Usagi and Pirate all of the way down.

As they say, egg happens.

I find it kind of endearing. I reserve some degree of skepticism about their comments regarding their direct competitors, but it doesn't tend to be very strong when they carry just a few very strong securities and most other bitcoin securities are pass throughs for MPEX listed businesses or crap.

Trolling is an art form ingrained into the cultural fabric of the internet. Mr. Popescu has embraced it as a marketing strategy and it doesn't seem to be doing him poorly. There's some egg on his face from the Rota experiment and if BFL ever ships a bit more. I find that overshadowed for the most part by the number of people on the receiving end of caustic remarks by MPOE-PR, who very clearly merit them. I'm almost half convinced the abrasiveness is part of a cost saving measure to keep idiots out so they don't have to deal with the tech support or intolerable prospectuses.

Leaving aside that on any OS with half-decent permissions "a virus" doesn't really mean much in general, you could trivially set your gpg-signing to a certain dedicated userspace and a large part of the problem is solved (even if someone manages to install a keylogger on your usual account it won't do much). As far as I know the gpg ring is encrypted, so simple access to the files without the passphrase is not much help either.


Actually plenty do. What's it take, an old laptop and a qr reader? That's a 10 Bitcoin budget, they've already spent more than that to get the account in the first place.


Yeah...well....

Both are compromised to a virus.  The intelligent (paranoid) investor will 2FA it by using an offline computer for signing trades with sneakernet usb sticks for transferring the signed orders.  That's why I used the word convenience up above.  We should take a poll sometime to see how many traders actually do this. 


Good to know.  How does it work?  Just deny two of the same order?  I didn't see a nonce or timestamp in the trade docs.

Cheers.

Do you mean passphrase or actual private key?


Well, you can't replay MPEx orders as it is.


What are you, nuts? GLBSE made something like 3k BTC over the course of its entire lifespan. That's MPOE's take for a week in January. What billions.


Buzz off, scammer. The adults are talking.


Nostalgia, you understand, is a mildewy regret for one's own youth sprayed over one's memories. People were nostalgic for Stalin for crying out loud.

Nefario did fuck-all to GLBSE development wise after 2.0 and the site ran as slow as fuck. He was also a retard when it came to finance.

picostocks.com is just getting going too

There is also http://bitfunder.com/

Think this is the biggest set back for MPEX, if they got ride of the PR person I would use them. That and the rumors of illegal activities on the same server as the exchange. If I was the owner of MPEX I would hire a new PR person, it has cost them more money then she/he is worth I can promise you that.

On the contract side of things, a lot of issuers have been seeing push-back from the mods on btct.co.  It's forced them to improve their contracts, and the site supports full basic prospectus input that can be edited over time separately from the contract.  On the issuer side we have detailed info on what to put into each of the fields, so in theory if the issuer answers all the questions at the end you have a much better picture than you used to with GLBSE assets.  Check out https://btct.co/create for an idea of what I'm talking about.  I don't think we'll ever get to full-on MPEx style contracts for everyone, but the goal is to provide the tools so that an outstanding issuer can shine.

I can also assure you that btct.co is no bitcoinica/clone/bootstrap/ripoff/whatever.  The features provided ensure that any issues the site has will have minimal impact on end users and issuers.  It has taken nearly 6 months of evenings and weekends to write and I've been creating sites for the better part of the last 15 years.  You won't see a lot of graphics though, as graphic design is a skill that I absolutely do not have.  

I do miss GLBSE too though!  Mostly because of all my coins and assets that went *poof* when it shutdown.  

Contract wise (even though I don't really agree with the operator(s), but that also didn't keep me from mining at Eligius...) and transparency wise MPEX is unfortunately the only place that can shine. They release statements regularly, have contracts that consist of more than "Check out the forum thread at X" and even though the UX is horrible, they manage to keep their site alive and their users trading.

All in all (as much hate Nefario has gotte over time) I miss GLBSE not because of it's interface (I used it already when it was a command line application... *shudder*) but because at least before the GLBSE 2.0 times it was easy and possible to have features implemented that you might want to have, they have never been hacked and even after they suddenly went big Nefario tried his best (up to the stage of burn out) to make sure it was constantly improved.

On the other hand he took some quick and sometimes harsh decisions (Goat...) on his own which a bit conflicted with his general image - nobody gives a damn if MPOE-PR spews bile and swears at any new potential start-up because that's kinda expected from her. Nefario however was kinda expected to be some kind of nice old grandpa that silently watches over his thriving stock exchange and smiling + nodding all the time while on the other hand improving both the backend and the frontend at the same time, since he anyways earned millions (MILLIONS!) with all that trading going on...

Still I miss GLBSE, the current markets look rather like the next Bitcoinica (done over a weekend) to me and I for sure am not going to trust them with any serious amount of coin.

I agree that MPEX is probably the most secure.  Not because of the GPG signing of trades, but because of the manual withdrawals and the fact that it's been around longer.

In general I think GPG authenticated trading is going to be less secure than Google Authenticator / Yubikey 2FA authenticated trading because for convenience you usually have your GPG keys stored somewhere on your desktop where viruses may be able to get at it.

GPG in general also has no replay attack prevention, whereas Google Authenticator and Yubikey both are time based and you can expand on the built-in time based replay prevention by storing the key and denying use of the same key twice in the window during which the key is valid.

Please correct me if I'm wrong.  (wouldn't be the first time, won't be the last!)

I'll also add a +1 for coinbr.com, bitfunder.com, and btct.co.

Cheers.

Depending on what you are looking to trade on MPEx, CoinBr might provide it:
 - https://coinbr.com/about

And mine. Although BitFunder is nice too. I downvote cryptostocks.

BTCT.CO has my vote!