Wow, this just went from splitting hairs to outright accusations of willful lying and an oblique reference to it possibly being fraud (and then something else by someone who is ignored... I can't be bothered to read that self-fellating dribble)

Get over it, we all know what it is, we all know the risks. All he's really doing is making sure people don't just stumble in without getting an eyeful of what the risks actually are. So it's not in perfect legalese in fine print on the back of the monthly paper account statement - so what?

He's said before that he can't afford to go through the KYC hoops of the US regulatory system, which is why it's registered in Belize... knowing that, folks still expect SEC-audit-proof systems and contractual terms that will hold up in US courts? 

And as for the part about Bitcoin growing up without Burnside, he's already said that he's speaking to a "legal team" (whatever that means, to be fair) for advice and future revisions of the ToS in the upcoming months. So it appears he has anticipated your attitudes and has already made plans to revisit the whole thing before the conversation even came up.

Take a breath, everyone. I have a feeling people are getting too used to the idea of things happening at Warp 9 in Bitcoinland, and forget that sometimes people have a day job, too.