Nefario - page 89. | Bitcointalksearch.org

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Update on GLBSE.com [hit refresh if you see the old message.]

Quote

GLBSE has been closed

I'm sorry to inform all our users that GLBSE is no longer able to continue operating, and has now closed.

Q: What does this mean if I'm an issuer?

We will do everything in our power to make the process of moving off GLBSE as smooth as possible, we are currently working on a simple, safe, and easy to use method that will allow you to continue your relationship with your asset holders

Q:I'm a GLBSE user, what about my assets and my bitcoin?

You will be able to get back your bitcoin, and if you want to reveal your username, email, and a bitcoin address to accept payments with, you can continue your relationship with the issuer of any assets you hold.

We will begin retuning bitcoin once we have recieved all coins from the GLBSE treasurer that manages the GLBSE cash reserves. BitcoinGlobal (GLBSE's partent company) shareholders and board voted for them to be returned immediately, we are awaiting compliance with this order.

- http://www.GLBSE.com

TheBible

full member

Activity: 125

Merit: 100

Quote from: kiba on October 05, 2012, 09:08:22 PM

So, he decided to screw his reputation with the community in the hope of not getting jailed by the gubernment. This is not going to end well.

Oh yeah, its gonna be rough when he registers a new username and does it all over again thanks to the total lack of regulation in place to ensure he can't do just that.

nedbert9

sr. member

Activity: 252

Merit: 250

Inactive

Quote from: Atlas on October 05, 2012, 10:20:49 PM

Quote from: Shadow383 on October 05, 2012, 10:18:20 PM

Quote from: Atlas on October 05, 2012, 10:13:49 PM

Nefario was a family man. He has a wife. Possibly kids.

Him chickening out in the face of the government is expected. We should of known.

Tell us then, what would you do in the face of potential serious convictions over a bitcoin enterprise?

Stand up for my shareholders and clients until I am forcibly imprisoned. I can wait in prison. I never fear it.

The sad thing about this is that we should not expect Bitcoin community members to suffer potentially severe punishment by a government in order to protect integrity.

We cannot realistically expect the average person to defy government coercion at great cost.

Nefario is not the big issue here. GLBSE, as a centralized record of ownership of unregulated securities open to scrutiny by the government, is where we all made the mistake.

Micon

legendary

Activity: 1232

Merit: 1014

FPV Drone Pilot

Quote from: iCEBREAKER on October 05, 2012, 09:25:57 PM

Quote from: burnside on October 05, 2012, 07:30:23 PM

So if you want to remain anonymous, you go penniless?

GLBSE should have been done as a Silk Road clone. You guys were practically waving a red cape at the SEC/FBI/TPTB bulls. It was destined to end in tears.

+1 / SEC doesn't fuck around.

I believe such a site should be able to exist but having it on the clearnet and opening selling unlicensed securities on a .com is just stupid.

.onion FTW and fight the same battle Silk Road seems to be winning if some1 tries the same idea again.

sounds like the SEC flipped Nefario

HorseRider

donator

Activity: 1120

Merit: 1001

the other shareholders of glbse, please help us retrieve the database and protect the bitcoin of the users, please!

it seems that the bitcoin is 100% controlled by Nefario according to last posts.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: chrisrico on October 05, 2012, 10:24:48 PM

Quote from: Bogart on October 05, 2012, 10:19:52 PM

All of GLBSE: I demand that you return all of my BTC to me without imposing this or other onerous requirements.

There are only two people that control GLBSE funds, Nefario and Theymos. The shareholders voted (Nefario's ~25% share plus two others) for Theymos to transfer the funds he controls to Nefario (or a proxy), such that those funds will also be dispersed subject to verifying identities for AML purposes.

At least ColdHardMetal wont spen them on hookers and blow. nefario was going to keep the btc anyway no matter what we voted.

I dunno what to call that.

chrisrico

hero member

Activity: 496

Merit: 500

Quote from: Bogart on October 05, 2012, 10:19:52 PM

All of GLBSE: I demand that you return all of my BTC to me without imposing this or other onerous requirements.

There are only two people that control GLBSE funds, Nefario and Theymos. The shareholders voted (Nefario's ~25% share plus two others) for Theymos to transfer the funds he controls to Nefario (or a proxy), such that those funds will also be dispersed subject to verifying identities for AML purposes.

jasinlee

hero member

Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Atlas carries the whole world on his shoulders didnt you know.

aura.flux

member

Activity: 74

Merit: 10

Does anything good ever happen to bitcoin?

Atlas

jr. member

Activity: 56

Merit: 1

Quote from: Shadow383 on October 05, 2012, 10:18:20 PM

Quote from: Atlas on October 05, 2012, 10:13:49 PM

Nefario was a family man. He has a wife. Possibly kids.

Him chickening out in the face of the government is expected. We should of known.

Tell us then, what would you do in the face of potential serious convictions over a bitcoin enterprise?

Stand up for my shareholders and clients until I am forcibly imprisoned. I can wait in prison. I never fear it.

Bogart

legendary

Activity: 966

Merit: 1000

Quote from: fcmatt on October 05, 2012, 09:41:38 PM

Why are share holders of this operation getting off free here? Are they not also scammers for participating as owners of this shady operation? Just because they lost a few bucks does not mean they are not also responsible for customer's losses?

Good point. I'm going to amend my earlier statement.

Quote from: Bogart on October 05, 2012, 07:33:12 PM

Quote from: theymos on October 05, 2012, 07:29:19 PM

Quote from: Bogart on October 05, 2012, 07:27:42 PM

Identity meaning what exactly? Will my login credentials and deposit address suffice?

MtGox-style AML documents.

I never agreed to this. Nefario, I demand you return my BTC without imposing this or other onerous requirements.

All of GLBSE: I demand that you return all of my BTC to me without imposing this or other onerous requirements.

Shadow383

sr. member

Activity: 336

Merit: 250

Quote from: Atlas on October 05, 2012, 10:13:49 PM

Nefario was a family man. He has a wife. Possibly kids.

Him chickening out in the face of the government is expected. We should of known.

Tell us then, what would you do in the face of potential serious convictions over a bitcoin enterprise?

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: chrisrico on October 05, 2012, 10:07:02 PM

Quote from: legolouman on October 05, 2012, 09:22:13 PM

Getting off topic, but I don't think it is possible at this point.

If you are an anonymous entity, no one will trust you.

If you are a known entity, you aren't anonymous.

Silk Road seems to handle this pretty well with it's reputation system. I believe there have been a few scams but an insignificant amount compared to overall volume.

You can bootstrap it through bitcoin-otc without needing to use government ID.

Atlas

jr. member

Activity: 56

Merit: 1

Nefario was a family man. He has a wife. Possibly kids.

Him chickening out in the face of the government is expected. We should of known.

Shadow383

sr. member

Activity: 336

Merit: 250

Quote from: MPOE-PR on October 05, 2012, 09:46:34 PM

Quote from: fcmatt on October 05, 2012, 09:35:07 PM

Did i just read that as i setup shop in a back water country with laws that dont care about my little operation?

If you read that your reading comprehension is in the pits.

This seems relevant:

Quote from: BinaryMage on May 30, 2012, 10:08:29 AM

Quote from: MPOE-PR on May 30, 2012, 04:06:35 AM

Kludge: Maybe it's time you splurged the hefty sum of 20 bitcoin to move over to the one exchange that actually works. By "actually works" I mean charges 1/4 as much per transaction as GLBSE does, is down an infinity percent less and in general has an infinity percent fewer issues, troubles, problems, defects and so forth.

Nefario: You are obviously unqualified to be anywhere near a project of the complexity of an exchange, even for play money (which I suspect BTC are, for most of you here, at least judging on behavior records). I will make you precisely one offer to buy the thing from you, so you get to actually make some money for all your effort over the past year, as misguided and mismanaged as it may have been, rather than have to walk away from a worthless wreck (like Zou Thong/Amir&co have with Bitcoinica). If you have half the maturity you should have to be involved in all this you will take this offer seriously, and consider your options carefully. Feel free to make contact via pm or in #bitcoin-otc-eu.

I suspect you'd get a lot more usage of your exchange (I would certainly use it) if you didn't consistently slander Nefario/GLBSE. Regardless of perceived qualifications, most people don't like working with, and excuse my bluntness, jerks.

chrisrico

hero member

Activity: 496

Merit: 500

Quote from: legolouman on October 05, 2012, 09:22:13 PM

Getting off topic, but I don't think it is possible at this point.

If you are an anonymous entity, no one will trust you.

If you are a known entity, you aren't anonymous.

Silk Road seems to handle this pretty well with it's reputation system. I believe there have been a few scams but an insignificant amount compared to overall volume.

likuidxd

sr. member

Activity: 476

Merit: 500

Quote from: kuzetsa on October 05, 2012, 10:02:34 PM

Quote from: Bitcoin Oz on October 05, 2012, 09:58:23 PM

((...snip...))

if security issuers refuse to AMl they wont get access to their shareholder info.

Oh, awesome. Is that all? Do you actually have a reliable non-confidential / public-type source for that statement?

I'll gladly cough up AML-type identification to the security issuers and/or any regulating agencies for my jurisdiction (and that of GLBSE, and of the security issuer) if that's all it takes to un-freze my GLBSE portfolio

Read the F-ing OP. It does't say AML docs but it can be implied. Everything is implied so far...

chrisrico

hero member

Activity: 496

Merit: 500

Quote from: kuzetsa on October 05, 2012, 09:59:11 PM

@theymos

oh ok, th.... wait a sec, you're not theymos...

@chrisrico

what's your connection to GLBSE?

Do you know nefario or have something to do with the cgi / database operations, hosting, design, business practices or at least own shares / have a stake in GLBSE?

there's kinda a reason I was asking theymos directly. If for no other reason, becase theymos is a non-minor shareholder in GLBSE, and has probably had a few more good conversations with nefario than I have.

I'm one of the shareholders for which theymos was attempting to sell shares. I hadn't made this fact public until earlier in this thread.

Bogart

legendary

Activity: 966

Merit: 1000

Quote from: legolouman on October 05, 2012, 09:22:13 PM

Quote from: kiba on October 05, 2012, 09:19:56 PM

Quote from: nedbert9 on October 05, 2012, 09:17:30 PM

Can we finally wake up and realize it's not safe to hold unregulated capital markets in centralized Web services operated by anonymous and quite possibly Nefarious individuals?

There are alternatives. The truth is out there.

If someone can figure out how to operate anonymous corporations that are nonetheless ethical and is held responsible, they will rake in the dough.

Getting off topic, but I don't think it is possible at this point.

If you are an anonymous entity, no one will trust you.

If you are a known entity, you aren't anonymous.

It's all about the hashes.

MrTeal

legendary

Activity: 1274

Merit: 1004

This is terrible news even for the users who comply with the AML requirements. They might be able to get their deposits back, but without a platform to trade on the majority of securities on GLBSE will be worthless. Some of the bigger ones like ASICMINER and Giga might be able to get set up well enough that an investor that wants out can sell their shares for something approaching their previous value, but I would bet the majority will either just disappear or will honor shares but they'll become essentially worthless.

Topic: Nefario - page 89. (Read 198716 times)