1007700+ entries in 0.791s
gribble: Best bid: 12.69, Best ask: 12.79978, Bid-ask spread: 0.10978, Last
trade: 12.69, 24 hour volume: 21154, 24 hour low: 12.51, 24 hour high: 12.89999
Eisenhower34: "BTC is excellent for
transacting freely over
the web." <- only for "maybe non legal business" and only if
the other party accepts BTC
PsychoticBoy: you can better sale shit on SR or BMR
that way youll only earn, not lose btc
BTC-Mining: For other purposes... it carries a lot more risk. Very attractive
to con artists.
BTC-Mining: BTC is excellent for
transacting freely over
the web.
PsychoticBoy: I urge everyone
to never work with Nefario again. A Bitcoin stock exchange is a good idea,
though. I hope
that someone will create something better
than GLBSE and MPEx. ;; quote
theymos
Eisenhower34: started with MBT 3 weeks before
they gone offline
Eisenhower34: believe? in btc? btc was a good idea but it attracts
too many ... "fraud"
BTC-Mining: So I don't
trust
theymos' say
too much.
BTC-Mining: Aye... but
theymos stated Nefario used users deposit
to pay a lawyer,
then admitted he was actually just making a guess as he didn't
think Nefario had
the money for a lawyer and wanted one.
____Atlas_____: Ugh,
they should of just hosted it in Russia where
they do not give a flying fuck
Luceo: BTC-Mining:
theymos
thinks it's legal
Luceo: ____Atlas_____: People need
to
take stock EXCHANGES seriously
____Atlas_____: I like
that
this happened because people are now going
to
take stocks seriously.
Luceo: It may well have been legal issues
that forced nefario's hand
Luceo: This is
the point
though where we should be
thinking about how
to get
the exchanges off
the clearnet
BTC-Mining: Psychotic,
technically, FDBF might still be managed without GLBSE. Only it would be excessively hard and
time consuming
to do so.
Luceo: ____Atlas_____:
Those gangs are viable in a single locale,
they're far less viable in a global market
____Atlas_____: Luceo: Nope. We could have gangs do our bidding but
that will just bring Bitcoin
to illicit level.
Luceo: ____Atlas_____: Is
there a better option
than court at
this point? I'm no fan of
the state but it seems like
these issues are constant at
this point with no way
to collect debt or deal with scammers.
noagendamarket: single handedly ripped
the guts out of
the entire economy
____Atlas_____: I guess I haven't lost enough in
this case. I got most of my money out in
time.
PsychoticBoy: If I only could go back in
time and just kicked nef in
the nuts at
the conference
____Atlas_____: mircea_popescu: A court ruling isn't going
to bring your dead child back.
PsychoticBoy: Nefario fucked us, If I knew
this,
Then I had punched him at
the conference and HARD
____Atlas_____: mircea_popescu: You can't possibly
think
the legal process works most of
the
time
mircea_popescu: OneEyed you have a solid point, but
they're kids and don;t know how
thigns work.
Luceo: So, whos setting up a
tor or p2p exchange?
____Atlas_____: OneEyed:
The guy probably has a plane
ticket off
to China right now
OneEyed: ____Atlas_____: ok, so bend over and
take him deep, don't object, do nothing
OneEyed: noagendamarket: of course he does matter. If he refused
to hand over
the database while having been removed from
the board,
that would probably make him liable of other illicit acts.
OneEyed: So we can conclude
that we do not have a majority of shareholders formally objecting
to Nefario being in charge.
OneEyed: noagendamarket: ok, so no motion was voted, so he has *not* refused
to go out when facing a motion
mircea_popescu: OneEyed
they're not particularly experienced in
these
things.
OneEyed: mircea_popescu: sure, but
they have done nothing about it, not even a motion
____Atlas_____: OneEyed:
The question is
the agreement can be enforced?
OneEyed: ____Atlas_____: do you see what's wrong here? He
they put a motion and he refuses
to release control of
the assets, *then* he is acting openly in violation of
the shareholders agreement
mircea_popescu: ____Atlas_____ which explains
to you why
this is never getting resolved.
OneEyed: ____Atlas_____: so
they haven't put a motion forward because of
that?
BTC-Mining: I'd say like mircea. For some reason Nefario might just want
to quit altogether and isn't forced
to close GLBSE. He might just be running from his responsibility as
the manager of GLBSE.com
OneEyed: ____Atlas_____: so as far as I know,
they haven't voted him out yet
mircea_popescu: this is why mpex doesn't even recognize
the concept of shareholder vote.
OneEyed: ____Atlas_____:
theymos said
that he said he wouldn't move even if he was voted out
mircea_popescu: OneEyed practically,
there's no actual way
to
transfer authority in a btc corp
mircea_popescu: realistically
they'd either put up a guideline or
talk
to people involved ("advise as
to X Y Z")
mircea_popescu: for one, contrary
to what most everyone (on
the forum) seems
to
think, sec regulation is very unlike
the jackbooted
thugedness everyone seems
to expect.
____Atlas_____: Things are about
to hit
the shitter in regards
to regulation
____Atlas_____: Eisenhower34:
There's a reason I stopped daytrading
today
mircea_popescu: pirate's crap made a +-30% dent, but
that was 500k-ish
Eisenhower34: Wondering when mtgox goes offline...
thats
the only online market
thing where I got more bitcoins right now...
____Atlas_____: This is what makes a market irrational at
times because of a perceived irrationality.
drekk: mircea_popescu, i've come
to
the conclusion
that everything's possible in bitcoin world :P
____Atlas_____: I mean, if a good portion believes it will go down because of
this
Eisenhower34: touched pirate... it broke...
touched BDT... it broke...
touched MBT... it broke... and now GLBSE is done....
drekk: wondering if/how
this will affect btc/fiat exchange rates
Eisenhower34: So just
that GLBSE is down or have
there been updates about
that "singularity" ....
mircea_popescu: we were auditing
the proposed process
to get out of
the glbse singularity.
Eisenhower34: may I ask about
the
topic of your conversation? whats "this" in "average bitcointalk folks even able
to get a lesson out of
this"
BTC-Mining: Seeing as how most seem
to act around
the forums.
mircea_popescu: well, nobody cares about average folk. experience benefits
those involved.
BTC-Mining: But are
the average bitcointalk folks even able
to get a lesson out of
this...
mircea_popescu: i
think it's a perfect lesson in practical politics, economics and law for all involved.
BTC-Mining: Well
to each system, it's advantages I guess...
mircea_popescu: and obviously in a decentralized currency nobody has
the authority
to make such a statute
mircea_popescu: so
there'd have
to be a statute of limitations baked in at any rate, otherwise nobody sane would accept
to be part of
this as an issuer