GLBSE should have been a black market operation, no offense. The fact that the founder is known and visible and that the exchange is centralized is a big red flag.
Agreed. I always argued that GLBSE should be an unregulated platform for trades.
Good point. There was no way for the way GLBSE was run for it to operate in the public. That said, Bitcoin would benefit from a public regulated exchange, and then people can run black market ops through whatever other service they please.