Carpenter's glue (yellow or alphatic or Titebond) is commonly used on less expensive instruments. (Sure, it's not ideal, but it does come off with a white-vinegar-soaked paper towel.) Hide glue is used in factory basses, but carpenter's glue dries quicker. It's a matter of time with mass-production.
I can't say what the glue is on your rib... epoxy is shiny, so is hide glue, and other glues.
There are instruments that have lasted many years with all kinds of glues. Joinery and wood choice (oh, and central heating

) has more to do with the life of the bass than anything else.