All the more reason to get your money the hell out of GLBSE.
Um. trading something likely illegal? As if most of the other (investor's money-losing) assets on GLBSE are likely "legal" according to the SEC. OBSI.HRPT? CPA? C'mon - what's really "legal" on that market? - you've gotta be fucking kidding me with that argument to close trading down. (those defaulted assets should move, to where inexperienced investors can't see them).
Anyhow - the issue isn't about "getting money back from pirate" its about closing down a position that was being actively traded, with no notice.
The issue, is GLBSE doing whatever fucked thing they think of, with no notice. I'm sick of that, and really won't work with it. It's a HUGE red flag going forward. And, every time I see a flag that color red, the red ink is about to flow -- watch out people.
But meh. It's all about pirate anyhow. idiots can't see past that "OOOH I'm right!!! It's a ponzi!!! to see what's the real issue - I guess bigass letters don't help for most of you. Let me restate it:
it's about the exchange not giving notice of actions that are not carried out in an emergency. Trading was closed with exactly zero communication or notice (which should have been provided on the GLBSE website, not this forum). That's fucked when it's something so many are interested in, and when there was no pressing reason for an emergency halt.
Saying "we'll be closing trading of PPT bonds in 1 week at this time" - this is fine
Waking up to "Asset Delisted - you're fucked" when the above should have been done has absolutely infuriated me. But, I figure most of you still can't fucking read, and will think I'm upset because "I lost all my money to pirate" wah wah. no. I'm irritated at the handful of btc I had tied up in trading a pile of bad debt. Any money I lost to pirate has been long since written off as a loss - but the few btc I put into increasing the size of my trading position could have been put to other use...especially if I'd had some notice that the exchange would be delisting the assets I was trading. (I'm well aware that trading had all but stopped since pirate's last announcement, but I also anticipated more action on those assets in the future) It's not about pirate, it's about delisting an asset without notice.
The risk trading on GLBSE has passed the threshold for me. The effort to legitimize GLBSE is, and will be, screwing current GLBSE investors for some time to come. Ah. Let's see how many more issues are closed without notice because of fear of the SEC.
Sorry if I seem a little irritated. I am. (Especially since I've now found that GLBSE has delisted 100% of Goat's assets - of which I only held a couple -P bonds that were part of my PBD holdings (pirate bad debt
)