Quote from: reeses on November 24, 2012, 05:57:54 AM

Quote from: fcmatt on November 24, 2012, 05:47:08 AM

Quote from: Daily Anarchist on November 23, 2012, 09:38:45 PM

Here are some facts to consider:

GLBSE allowed for individuals to create anonymous accounts.

Gigamining KNEW this going into it.

Gigamining had NO PROBLEM engaging in unregulated activities BEFORE GLBSE closed shop.

Now all of a sudden Gigamining wants to get a lawyer's help.

Gigamining KNEW that lawyers don't know shit about Bitcoin.

Gigamining now expects his shareholders to get involved with the law to get their underground money back.

Gigamining has all of the information necessary to pay all of his shareholders back without the lawyer.

Keeping in mind those facts, what is the REAL reason Gigamining is making his shareholders jump through hoops? I can understand getting the lawyer to threaten GLBSE to give up the information(although I disagree with that tactic on moral grounds) but I cannot understand the reason to continue the lawyer bullshit.

Because he is a douche?

Maybe i missed the post where he gave a good reason.

Other than him being a douche, the timeline is pretty clear there. GLBSE's implosion was tied to the general bitcoin community's realization that, well,"Shit just got real, yo," when it was discovered that laws and regulations didn't just go away "because bitcoin."

A lot of "businesses" that were loosey goosey before went away or tightened up around that timeframe. Gox was ahead of the game by a fair amount due to their stumbling over MSB regulations before everyone else. Securities was the next step.

If things pick up, inter-jurisdictional taxation of trade, services, and income will become the next whammy.

Only in bitcoin do i see a bunch of people go in on mining gear with the ability for people to buy out each others claims turn into such a fricking drama. It is truly pathetic.

Securities, shares, exchanges, lawyers... Pfft. This is all chicken shit.

Take it fricking underground and keep it rolling. Or liquidate the crap and pay people off.
This aint rocket science.