Quote from: JoelKatz on October 04, 2012, 10:51:10 AM

Quote from: LoupGaroux on October 04, 2012, 05:01:27 AM

Best I can tell from his (jasinlee's) comments he has shot himself in the metaphorical foot with GLBSE. My guess, and this is only a guess, is that Nefario and the rest of Team GLSBE is done with listening to insults from minor league biznessmen who believe telling somebody to go fuck themselves is a good opening gambit in negotiation. It has been pretty clear for a while now that GLBSE can and will change the rules, and will react to anti-social comments spread around. Who seriously thinks that having Goat's public immolation is the way to get your way when requesting anything from anybody. Shoot yourself in the head first, then insult the other guy and only then ask questions? Really? Jasinlee might have a chance, with some mea culpas and a little politeness, while I suspect that Goat's hooves will freeze to the rice paddies on account of Hell freezing over before he sees a dime.

The problem is that even if you accept this reasoning, you still have Nefario screwing over all those who hold Goat's assets. In fact, there's no evidence Nefario considered any of the obvious harm the sudden delisting would do to GLBSE's customers. And as of yet, we have no explanation for why such a drastic action was even advisable, much less necessary.

Even with the best of imaginable outcomes, you'd have to expect the assets to lose a significant fraction of their value and every asset holder to be inconvenienced by having to track the asset in some system other than the one they were already using. And frankly, it looks like Nefario either didn't think about it or just didn't care. He just wanted to get Goat.

Yes, other people did some things they possibly shouldn't have done. But nothing I can see compares to GLBSE's wholesale abandonment of their customers without explanation.

Indeed. My guess is he went into silent mode after he realized he single handedly destroyed value of innocent customers fighting Goat with the biggest guns available, instead of the smallest, and he's pondering his liability now.

It's not too late to backtrack and relist the assets for damage mitigation, even if some harm will remain. Another option is to let GLBSE die with as little fuss as possible and run with minor deposits whose owners won't go to court over.