Quote from: conspirosphere.tk on November 23, 2012, 03:52:16 PM

B/S. Since many are not going through the ordeal and expenses to recover their assets, and Giga knows it like anyone, he must even know that it is not him that is going to lose anything.

Think of it in practical terms. Say he accepts 20k BTC worth of claims on the Internet, no questions asked. Five years from now it is proven Nefario lied, and there's new users for about 12k of those BTC. In five years that's a solid million and-then-some dollars.

How is the business he's running supposed to budget for this?

Is he supposed to buy insurance? He can't buy insurance, nobody is selling (except Gumpys a la CPA).
Is he supposed to amortize it? Something a la Shtylman?
Or moreover, do you think he's supposed to just ignore it, because that's been up to date the "Stragetgy" of Gumpy Q. ForumFinancier: "ignore everything I don't understand!"?

The latter avenue, of hiding, ignoring and so forth is the very cause of the mess. It has been the cause of each and every other mess to date (and not just in BTC). It will forever remain the cause and producer of mess for as long as people still think that's an acceptable way to go.

I think it is commendable that someone for once stops with this "let's ignore all contingencies we don't like" and tries to act rationally. Yes, it will hurt a lot of people. Specifically, it will hurt all the people who actually realized a loss at the time GLBSE closed and failed to book it because they don't know what finance is, how business works or pretty much anything else.

As a subsidiary but very important point: the consumer attitude of people involved in Bitcoin has to cease. You are not consumers. Nobody cares if you are inconvenienced, you have no right to convenience. Nobody is taking unbounded liabilities for your comfort.

Bitcoin is not like going to the supermarket.

Quote from: conspirosphere.tk on November 23, 2012, 03:52:16 PM

Very wrong metaphor. We just got another proof that anyone who "invested" on GLBSE should be enraged with his own foolishness first of all.

Indeed. Let's immortalize some textures & moments:

Quote from: Nefario on August 20, 2012, 04:53:16 AM

Also by the end of next week GLBSE will have options available (and the ability to make options) on all assets listed on GLBSE.

Quote from: ciuciu on August 20, 2012, 09:39:01 PM

Nefario, Mircea Popescu spreads so much FUD about you and GLBSE, here and on IRC, you shouldn't go so lightly on him.

Quote from: misterbigg on August 20, 2012, 09:25:55 PM

This is ridiculous! Why not GLBSE???!

Quote from: misterbigg on August 21, 2012, 12:06:30 AM

What I don't understand is why S.DICE is going to IPO on this penny-ante exchange instead of GLBSE. I think that Mr. E.V.'s ideological fetishes might be putting the business sensibilities in the back seat. Which is dangerous for investors.

Business sense is not "Ideological fetishes". Time to finally learn that lesson?