Quote from: MPOE-PR on October 01, 2012, 01:23:46 PM

Quote from: JoelKatz on October 01, 2012, 09:48:57 AM

What would be insane is if this winds up with Nefario getting a scammer tag and GLBSE losing the community's trust.

It's much too late for the later part. The former would in principle be a formality. Nefario (and to the degree it has been aiding and abetting him, GLBSE too) are the largest liability for Bitcoin right now. Noobs join, get scammed by the Global Scam Exchange, then leave. How many intelligent people and how many affluent people have we lost because this eyesore was irresponsibly allowed to continue for so long?

Ask yourself this. You discover BTC, you put some money into it, you go "invest it" and then... it's gone. And you try again. And then... it's gone. There are people who have been going through this quarterly cycle since early 2011. What fraction are they of the total people trying out this appalling scamfest that is called GLBSE and thinking they "have tried out Bitcoin"?

This association needs to be severed. In fact, it should have been severed long ago. And yes, GLBSE has scammed investors out of more money than pirateat40 did. They just were much better at the long-con.

Oh put a sock in it pornexchange.

Quote from: danieldaniel on October 01, 2012, 09:57:32 PM

Quote from: MPOE-PR on October 01, 2012, 08:40:45 PM

Quote from: Maged on October 01, 2012, 06:54:47 PM

Nefario isn't a scammer. He's just made some poor decisions for GLBSE from a customer relations standpoint. You can solve this by creating competition.

What, if any, is your ownership stake in GLBSE?

No offense, but you shouldn't really be saying that he has a conflict of interest here.

Have you ever thought of how you run a competing exchange?

Agreed. There are serious questions to be asked, but pornexchange probably isn't the one to be doing it...