Quote from: Bunghole on August 06, 2011, 02:12:26 PM

MyBitcoin is a Limited Liability Company, so the owner(s) is not personally responsible for the company's debts. This is a very good thing, because it allows entrepreneurs to start risky ventures without putting their entire lives on the line. If we didn't have limited liability entities, there would be a whole lot less innovation, a lot less wealth, and a lot fewer jobs.

However one of the few things purportedly known about MyBitCoin is that it is a bitcoin millionaire early adopter.

The fact that having become a bitcoin millionaire by virtue of adopting early caused it to be rich enough to not only be perceived as trustable (being in possession of so many bitcoins) but also to actually register itself as a "real company" is now supposedly to be taken as a red flag instead of a green flag???

Hype is such bullshit. A real company is to be trusted because real means absolutely untrustworthy because real means no liability?

Of course we also discovered that one of the main public relations arms of MyBitCoin, Bruce, is nowadays claiming not to know the guy/company/whatever at all, despite having run around way back when seeming to be trying to give the impression he and MyBitCoin are buddies from way back and both trustable (again part of that trust being based on the sheer number of bitcoins they have).

So now part of the propaganda machine known as MyBitCoin, specifically the public media broadcasting part aka the propaganda department, is claiming to have lost a fortune to the other part of that same propaganda machine?

Handy thing about Nevis I guess is it won't tell us what percentage of the "real legal incorporated company" is Bruce and what part is someone else. How many people are needed in order to become incorporated in Nevis? (But presumably the stooges there who for whatever reason do actually create such a company for you in return for the $2000 or so they charge for doing so instead of saying "ha sucker thanks for the $2000 good luck sue-ing us we are in Nevis like you wanted to be and for the same reason hahahahah" can provide enough stooges to fill the quota...)

-MarkM-

P.S. they even named it clearly as being their bitcoin, so even if you are correct that their bitcoin is not the same as their biological lifeform(s) all that does is free the lifeform from liability not the lifeform's bitcoin which are what actually constitute the corporation...