Quote from: proudhon on June 05, 2012, 06:49:02 PM

Quote from: SgtSpike on June 05, 2012, 06:27:28 PM

Quote from: cypherdoc on June 05, 2012, 02:13:45 PM

can someone summarize Bitcoinica's situation?

That's more analogous to the bitoinica situation than sinking ships. They were driving too fast on their new motorcycle and they weren't wearing safety gear...and they were pulling a trailer with their bike, and the trailer had a bunch of other people's fine china in it.

Edit:

...and the fine china was willingly handed over to the careless motorcycle driver, and the people who handed it over knew they were handing their china over to a guy pulling a trailer with a motorcycle...

I am the guy with the camera who was too much of a wuss to take part in any of it