I'm tempted to say, I told you so, but at least it seems that my reservations (or rather questions) towards Vess were warranted.
Here's an old thread that could be relevant:
https://bitcointalk.org/index.php?topic=148147.0;all...
So it seems to me that Coinlab is burning bridges and attempting a very opportunistic lawsuit.
I've had about enough of this Vess tea-bagger. This lawsuit reeks of frivolity and is well-timed to dump BTC valuation over the weekend.
How hard would it be for anyone with inside knowledge of the lawsuit to pre-sell, then get ready to buy after the panic (Guess what,
there are no "insider trading" laws regarding bitcoin)? There are any number of ways to profit from this lawsuit, and I don't regard
any of them as ethical. Worse still, the lawsuit is HORRIBLE for the bitcoin community and the currency's public image. Mt Gox needs
competition, but this is precisely the wrong way to create it.
Maybe the thread titled "Should Peter Vessenes resign as CEO of the Bitcoin Foundation?" was NOT premature.
https://bitcointalk.org/index.php?topic=177679.0There are talks about some selling not long ago that was done prior to this announcement. I won't mention any names though. But clearly there were a number of persons knowing about the lawsuit before it went public.