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Why did GLBSE close?

up vote 14 down vote favorite

I went to https://glbse.com/ and see it is closed. It was a stock exchange for shares of companies denominated in Bitcoins.

Does anyone know why it closed?

2 Answers

up vote 4 down vote accept

It appears that Nefario, the person operating GLBSE, decided to go against all bylaws and terms of service and just close GLBSE. That part of the story was explained by theymos. It it still unclear, however, why he did it.

up vote 3 down vote

At this point in time only one person, Nefario, knows for sure why GLBSE closed. He was the one who had the power to close it, and he did so, without giving any public explanation.

Everything else is either hearsay or speculation.


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Why did GLBSE close?

up vote 14 down vote

I went to https://glbse.com/ and see it is closed. It was a stock exchange for shares of companies denominated in Bitcoins.

Does anyone know why it closed?


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up vote 9 down vote

It appears that Nefario, the person operating GLBSE, decided to go against all bylaws and terms of service and just close GLBSE. That part of the story was explained by theymos. It it still unclear, however, why he did it.

edit

Not sure the protection is warranted ... it seems rushed to me. - ripper234 Oct 7 '12 at 7:06

add comment


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