Thank you for the answers gigavps, I appreciate it. It did actually help me understand why you have handled this the way you have.
I also believe that regulatory compliance is important for the future of bitcoin, and I agree you did the right thing in moving forward. I just don't think there was anything stopping you from buying back the shares from those who didn't want to claim with all their personal details. I doubt anyone would come after you for returning customers funds, and THEN starting your fully regulated and compliant business for those willing. Oh well, water under the bridge I guess. It just turned out to be a bad investment for me, but that just happens sometimes.
I also believe that regulatory compliance is important for the future of bitcoin, and I agree you did the right thing in moving forward. I just don't think there was anything stopping you from buying back the shares from those who didn't want to claim with all their personal details. I doubt anyone would come after you for returning customers funds, and THEN starting your fully regulated and compliant business for those willing. Oh well, water under the bridge I guess. It just turned out to be a bad investment for me, but that just happens sometimes.
It's not water under the bridge to those of us who have had assets stolen from them. Gigavps and his lawyer(s) have hundreds of dollars worth of my bitcoins in their possession. I'm sure they have many thousands of dollars worth of others' bitcoins also.
Speaking of a buyback, does anyone know what the last traded price of Gigamining was on GLBSE? I have a feeling that a proper buyback, like gigavps was obligated to do for all of his associates before he violated the contract, would be worth more than the perpetual shares will ever accumulate. Perhaps it shouldn't be water under the bridge for you, either.
I can only speak for myself of course, and thus I meant it was water under the bridge for me. I apologize if it sounded like I was downplaying the issue for those unable or unwilling to claim.
If such a buyback ever became an option, I would definitely pounce on it, but I believe chances are very slim judging from Gigavps' past actions.
This is the way I see it: At some point we all have to make a decision regarding cases like this. We need to decide if we want to do something about it, and then act on that decision. One can either pursue legal action, make the claim, and/or let it become water under the bridge, like I have. Dwelling on it, without taking any action, will only hurt yourself and cause unnecessary stress and agitation. Don't get me wrong, I don't really approve of how this has been handled, but after saying my piece earlier in this thread, I was done with that and decided to claim. If that doesn't work for you, I suggest you vent a bit in this thread; you know... say what you really mean! Then make a decision on how to proceed and try to put it behind you. Bitcoin is truly a wild ride, so I try to enjoy it, instead of letting it get me down.
