Quote from: repentance on October 28, 2012, 03:52:05 AM

I think James should stop using any remaining unreturned funds as an excuse for not putting asset-issuers and their users in contact with one another. until he does that, he has no credibility whatsoever. He's hardly in a position to take the moral high ground over unreturned funds when he's the one who is holding information which has nothing to do with his overpayment fuck-up hostage.

And if 3/4 of the overpayments have been returned then GLBSE should now have sufficient funds to make the remaining payments - they can do it out of the already returned overpayments and their own reserves. James is the one trying to pressure people, not the reverse.. He is the one who loses if those funds aren't returned because there'll be no funds left to pay his salary/lawyer/weed bill/whatever. He's acting out of pure self-interest here.

Naming and shaming people who haven't returned over-payments doesn't prove that they are holding the money of other users. Nefario could only prove that by giving a complete financial accounting of BTC on hand and amounts still owed to users and I doubt there's anyone here who would trust any numbers he published because there's absolutely no way to verify them - he's not even letting the other shareholders verify what he's doing and could be paying his friends triple what they're owed for all you know.

All Nefario's SuperSekrit Stalled Until Further Notice repayment plan is likely to do is piss people off enough that they'll rain down upon him the very kind of legal problems he hoped to avoid by closing down GLBSE in the first place.

From what I understand nefario only had a couple thousand BTC in his wallet and the majority of the BTC was passed through to the asset issuer. Unless you have proof otherwise, I doubt there will be enough assets to recover from nefario to sue for in any court.

Please keep in mind that nefario taught english in China, tried to vacation in the US and got denied by customs, and worked on a low salary as a sacrifice to the Bitcoin community. Even if most of the people he serviced were scammers (the issuers of GLBSE stock), personally I don't see him as a scammer. He was someone who had a series of bad ideas.

Also try to keep in mind that he has a family who he is responsible for during all this mess, and I doubt that was easy. I wish nefario the best as he reestablishes his programming career. He may find his idea of establishing a legit bitcoin stock market is impossible, and has to return to the corporate work world.