Hello thread - wanted to post this here and address a few things. Recently mentioned by someone on Reddit:
Hey Erik, before you pump out another one of these 2,600 word diatribes calling out someone for accusing bitcoin of being a scam, why don't you stop by your thread on bitcointalk and address your former FeedZeBirds shareholders, where you raised 2,452 BTC (illegally), did essentially nothing, promised a (partial) refund, and then disappeared:
https://bitcointalk.org/index.php?topic=82866.msg1741669#msg1741669While it's great that someone wants to stand up and defend bitcoin from these kind of attacks, when the person doing the defending himself is accused of scamming it just makes you and the rest of us look dumb.
A fair criticism I suppose, my response:
[]evoorhees The money raised for FeedZeBirds totaled about $15,000 (and yes, it was converted to USD back then because there were costs to build, run, and market the site). The business failed, and GLBSE fell apart, so there was no way to know who the shareholders were. SEC commandeered $15,000 from me... I would've preferred to give that $15k back to the shareholders of FZB (if they could be found, which they can't), but the SEC didn't give me that option, and while I was struggling with the SEC I was advised not to discuss anything publicly, thus the lack of updates, which I apologize for. If anyone would like to start a campaign to get the money back from the SEC, I'd love to signup. Edit: feel free to read the SEC settlement as well:
http://www.sec.gov/litigation/admin/2014/33-9592.pdfI'm not sure what I can do at this point to satisfy any of the understandable bad blood that has happened regarding FeedZeBirds. The list of shareholders I received a while back was incomplete to a fault, only covering about 1/4th of the shares sold. A number of people who contacted me claiming to be shareholders were not even shown on the list. I have no idea why it was so messed up or how GLBSE didn't have proper records. There is thus no way to figure out who actually was a shareholder. If someone has a verifiable list, please send to me.
There is no good news here. I am sorry that FZB failed, both as a business and an asset. I wish that the SEC would give the $15,000 they took from me back to the shareholders of FZB, but they, like myself, can't figure out who they are, and the SEC wouldn't do that even if they could (you know, because they care about shareholders). I am also very sorry for my inability to even provide updates on this topic over the past couple years. Everyone has been in the dark, the whole situation sucks, and the only party who benefited from any of this is the SEC.
I have a few lessons I would love to share with the community regarding crypto-equities after my experience with SatoshiDICE and FZB, but again, because of threats from the SEC, I can't.
Keep innovating and building. I'm sorry I let you guys down on this one.