That's why I put it out here. I don't really care what you think if you do not have an argument.
Now, now, no need to get testy. Even without an argument I have the advantage of having been watching them for longer.
That's a good explanation too. However after pirate, GLBSE and Bitcoinica this is probably one of the biggest cancers on this forum.
There's a scoping issue here. Claims against pirate were in the six digit range. Claims against Bitcoinica were what, 40k BTC + hundreds of k's of USD or something like that? GLBSE screwed what, hundreds? even a thousand small time investors? It's true that it wasn't that much money, all things considered, as pretty much none of the big boys indulged, but still it affected a large if insignificant cross-section of the population.
Usagi however is bush league, there's dozens that did the same exact things he did except they had the common sense to keep quiet.