Topic: The last few days on GLBSE - page 2. (Read 3117 times)

Nefario,

I think you concluding that Goat's offerings and behavior are consistent with "red flag behavior"  was entirely justified. I have had the very same concerns, very much accentuated by the Bot issue. I don't think your actions were justified entirely.

I think you made one action that is 100% not ok with me at all. I understand the reason, and the sentiment behind the action, but locking accounts (and seizing funds comes next, it's a slippery slope!) is the type of action I expect out of an overpolicing government.

Goat, no offense, but you're not doing yourself any favors by freaking out in public. How bad is the next outburst going to hurt your shareholders? I can't understand why people continue giving you money, but....I wish you the best. (I'm no HorseRider!!!!!!!!!1!, I don't think you're everyone's a scammer You're just a high risk investment. That's cool

Nefario, honestly - trying to play banker police gives me serious question whether I want to sink one more millibit into GLBSE.

You asking Pirate to lock an account suggests that you would lock someone's GLBSE account on request That's fucked up.

Further, I don't think you can cover the losses from another disaster like this that doesn't go GLBSE's way. Your actions damaged shareholder value in my opinion. IMO, they still are because of this post!

You need to show that you are protected financially.

I don't think you can cover liabilities from a loss that is in fact GLBSE's fault.

A great deal of the lost shareholder value on Goat's issues is on your shoulders, Nefario. You continued the discussion, adding to the failing faith in Goat, then failed to stop trading while the exchange had a public disagreement with a customer! WTF?! We should hold you liable for the losses from your first post in Goat's "Is it safe" thread and the actual public resolution! (Another guy in your position might have been one of those buying up all the undervalued shares now that they're trashed)

It's not that I suspect you of evil. It's that you have not put yourself above and beyond the suspicion of reproach.

I think you personally should be bonded by multiple trusted high profile people. YourAnyone's word isn't worth the number of bitcoin in your control, IMO.

You might think that this issue or that issue is a risk to shareholders, but you are failing to realize that YOU represent the current biggest risk to all shareholders of the GLBSE. Cover Your Ass.

This is typical of Goat. Don't take it personally.

pita royal, made my day.
i think i order some honey from him to have a souvenir of the laugh you caused just now

btw if you can't make up your mind, go for the forest honey, usually darker and smells better

+1 I have yet to do business with Goat, because in every single instance where things were either a) a misunderstanding, or b) didn't go his way, he has reacted irrationally and inappropriately, usually by fear-mongering and digging up information out of context and generally being a royal pain in the ass.

Thanks for all you do.  Do what needs done to move forward.

You're all aware of the thing that has been going on regarding Goat and the freezing of his account earlier this week. There are plenty of threads regarding the matter you can find the details there.

Let me put forward the reasons behind our actions.

Before explaining I would like to apologise to shareholders on GLBSE who were adversely effected, those most directly affected were TYGRR-BANK holders who's dividend payment was delayed as a result of Goats non-compliance to our request for ID, as per our terms and conditions.

GLBSE will make an extra dividend payment to TYGRR-BANK shareholders for all the drama and inconvenience over the last few days.

We have just moved to GLBSE2.0 which is an entirely different platform from 1.0 (a proven system). We hold a considerable amount of other peoples money(obviously not in our hot wallet, but offline), if you have an account on GLBSE this means your money. Until GLBSE 2.0 has been running for some time without issue I won't be able to relax, I am paranoid about security, it's something I lose sleep over(when I do sleep).

I'm unable to give exact details (internal GLBSE transactions are not public information) but there was suspicious activity involving Goats account, at the time I put it down to people (Goat) getting used to using the new system and playing around a little. Not long later I was warned about Goats activity on the forums (looking like a classic ponzi scheme).

I've never really dealt with Goat before this event so I didn't know anything about him, neither did anyone I knew.

My greatest concern was the security of shareholders funds on GLBSE, shortly after hundreds of login attempts had been made on Goats account. I immediately locked his account.

I also began to go over some of his threads and they did indeed look like a scam, the amounts involved (in GLBSE) are thousands of bitcoin, shareholders money, I was understandably concerned.

He then contacted me about not being able to get into his account, I asked for proof of ID, that I could verify his account while I got this sorted out (several forms including pictures of passports, phone numbers, work phone numbers, home address, I ask all these things of asset issuers when verifying their ID, all of which he eventually provided to a third party).

Goats reply and immediate actions knocked me back.
and


This was in reply to me informing him that he could now recover his account via his email(as well as asking for ID verification).

He then began to make posts all over the forum and opened a thread on his perceived worries of GLBSE security.

I admit this made me panic, it is the exact behavior of a scammer. A difficult possition to be in, if Tygrr turned out to be a scam what would it do to GLBSE? What would it do to bitcoin (another bitcoin scam)? To protect GLBSE users I made the choice to be proactive.

In an effort to reduce the possible damage I contacted First Pirate Savings and Trust and asked them to lock goats account so he couldn't withdraw funds (which would mean stolen funds if he was a scammer), until we got it sorted out. The request was denied.

And since that time everything has been all over the forums and most of it you know.

I apologise for overreacting, the combined pressure of launching GLBSE2.0 and the possibility of the Greatest Of All Thefts on GLBSE (though certainly not bitcoin) happening got to me, and I overstepped the bounds of what is appropriate action.

After everything is said and done I don't actually think Goat is a scammer, I would put down his odd behaviour to being...challenged.

I also regret disturbing him in any way shape or form as since I've unlocked his account he hasn't left me alone, making accusations that I'm trying to steal from him, stalking me on Skype, CONTACTING MY EMPLOYER to complain about me and GLBSE, insinuating that they (my employer) are also somehow implicated in this on the forums in what appears to be an attempt to get me fired.

Demanding payments:
and making ultimatums:

What has become abundantly clear from this incident is that the vast majority of the users of GLBSE have never read the terms and conditions for using GLBSE (we have had Terms and Conditions since July 2011). With some even claiming that there were none and then going on to claim that we violated our own terms.

As a result of this incident the way GLBSE is being run will have to change, it can no longer be kept as informal as we have previously enjoyed. It also means that I will not be able to comment as freely as I used to on this forum, this is something I will miss.

Thank you for you time and sorry for the drama.

Nefario