Man... this ongoing crashs and scams move bitcoins more and more into a bad light. I mean scammers dont care... but its a nuisance.

Regarding the stock exchange... if its really illegal to run such thing even when its so small then what could have been done better? I mean when you have a website there is a trace. And SEC could follow it. How should this be protected?

On the other hand... anonymity is scammers best friend too. So when the owner of such platform runs away and no one knows who he was... its even worse than now.

And i dont believe that SEC has to crack it down. I mean its small. If bitfountain wouldnt have glbse they would have sold their shares simply at their own website. Would that need the SEC to be involved? I doubt it. Am i wrong?

I dont understand nefario. Its saturday now but why could he have said a word before? Maybe because he wanted to speak with the shareholders of glbse before? Then again i dont see why he wants to shut it down completely and so not allow to let it live.

He is using the btc for paying lawyer? If thats known... why isnt known why he needs the lawyer? Is this completely managed over the net where no one knows the other?

If nefario only wants to give out shares to identified persons... i think a lot of btc wont be taken. So at the end nefario maybe would be a rich man. At least he starts to take the money for his purpose.

At the end i think i could be lucky maybe. I had 1255 asicminer shares and 0.6btc. And asicminer wants to build a own shareplatform once glbse is dead. But for that at least they have to know the owner of the shares and how much they own.

*sigh* Why didnt i take a look before who nefario refers to? After pirate at 40 i could get this idea...

@Theymos

You said you are managing the cash reserves... so why did you allow that nefario take money for lawyer from there? Or what does this "manage" include?