Quote from: gigavps on November 27, 2012, 08:32:33 PM

Quote from: Bitcoin Oz on November 27, 2012, 08:26:08 PM

You mention that there are 10% of claims not on the list. My issue is that you are claiming you cant pay back the 90% of people because of this.

What exactly is preventing you paying out to the 90% who ARE ON THE LIST?

The solution is if you're not on the list you dont get paid yet. Youre holding 90% of people coins hostage because 10% of people claimed who arent on the list. If you cant see an issue with that I dont know how to explain it more clearly.

Less than 65% of the shares are on the list..... so that means more than 35% wouldn't get paid.

The claimants of the over 4k are very well respected and well know in the community.

Can you see the conundrum here?

Why do you condone trusting nefario after he destroyed your entire investment in GLBSE?

Do you also condone nefario's inability to do the most simplest things as a reason for someone to not be able to make a claim and get paid?

If you payout the 65% it might motivate the other 35% to make a glbse claim. At some stage you are going to need to trust the glbse shareholder list or otherwise your choice is to make your bondholders suffer.

Let me make this perfectly clear. Nefario needs to be sacked and a competent administrator appointed. But in the bitcoin world it appears there is nothing at all you an do if the operator goes rogue.

You can have all the bylaws and rules you want but if someone controls the server and the only information source there is fuck all you can do about it. It really calls for "multi sig for data" where one person cant just run off with the data.