Thanks. And now, to avoid the issue of distraction, I will continue to respond to your accusations in the order I have mentioned. It's late now, it's 4am in japan as I type these words. So I really need some sleep. I have some free time tomorrow, and I'll have a look at another one of your accusations.

Some friendly advice. If you really are trying to help this get resolved fairly, then do yourself a favor; do not post too many "small" accusations. It will detract from the biggies.

For example, do you really want to make an issue out of whether I live in Korea, Japan, or China? What's the point? Maybe you feel there is a point. But I feel the CPA/BMF contract is a much bigger issue. If you do not trust me, then do not give me the chance to fillabust by responding to small issues first. It's just a thought.

Distraction is a technique in which the argument is a diversion to another question, to a side issue, or by irrelevant objection (pp 44-48) (link) and the approach to deal with this is to refuse to be diverted from the original question, but stating again the real question at issue, therefore I state I refuse to answer questions which do not directly relate to evidence presented in your locked thread.

You're welcome.

I assume most people, like me, find the scammer forum pretty ridiculous.  Only low level scammers get a tag and then there are countless accusations against some other people, usually to do with securities, that claim misapropriation of funds.  Instead the inevestor should have looked hard at their investment decisions.  Business failure due to incompetence or bad decisions do not, in my opinion, due to constitute a scammer tag.  Many people will have a failure, but that does not make them a scammer.  In the real world, people are protected by limited liability agreements.  If there is no agreement in place specifying what kind of liability then that was a bad investment decision and just goes to show the though the manager of the investment put into when they created their investment.  If they knew what they were doing they would have covered all their risks before opening the business.

I bet there would be a lot less pointless posts in the scammer forum if there was a requirement for the accuser to pay a moderator 10 bitcoins for a scamming accusation.  That accuser can be given back their 10 bitcoins if the mediator determines a scammer tag is warrented or bot the accuser and the accused come to a mutually agreed resolution.  If there is not enough evidence a scam took place then the accuser loses their 10 bitcoin deposit.

There is a reason why people in real life get to face their accusers, judged by a jury of their peers, and the prosecution has to pay heavy filing and court fees to initiate a suit.  This is because anyone can make false or exaggerated claims without proof.

You beg me? What pity histrionic user you are...

I have no obligation to honor your demands, BCB.

If this situations is a "nightmare" for you, and you want 'this all go away', just leave. You are not being forced to accuse Usagi. It was your choice to indict Usagi, therefore is up to you to prove your claims are true. So far, Usagi have provided enough evidence which proves he did not defrauded any potential investor. Now is up to you assess the evidence and formulate a conclusion which proves the contrary.

Usagi

You are not the victim here.  You have total control over this situation. I Aslo believe that you are enjoying all this attention.

You want this to go away. Prove us wrong.

1. You stated as fact ro your incestors that you had complete details of of your companies assets. Pleas produce them now to prove us wrong. If you cannot you Are a scammer for making false statements to your investors which they may have relied on to invest with you.

2. Please state what country you reside in.

3. Are you or are you not a scammer?

Three simple requests that do not require paragraphs upon paragraphs of sperging to respond to.

If anyone bieves I am being too harsh on usagi please post here or pm me evidence of you support of his business activities and if valid I will post in locked thread.

Usagi

You are not the victim here.  You have total control over this situation. I Aslo believe that you are enjoying all this attention.

You want this to go away. Prove us wrong.

1. You stated as fact ro your incestors that you had complete details of of your companies assets. Pleas produce them now to prove us wrong. If you cannot you Are a scammer for making false statements to your investors which they may have relied on to invest with you.

2. Please state what country you reside in.

3. Are you or are you not a scammer?

Three simple requests that do not require paragraphs upon paragraphs of sperging to respond to.

If anyone bieves I am being too harsh on usagi please post here or pm me evidence of you support of his business activities and if valid I will post in locked thread.

This is why you shouldn't listen to EskimoBob.

I am usagi and I run BMF, the largest mining fund on the GLBSE. I also run NYAN, the largest general purpose fund on the GLBSE. I also run CPA, an insurance company (which despite all appearances is doing fine and has paid out on each and everyone one of it's contracts in full).

As a result of all this I hear things. Not important things or secret things but for example I get to do bulk purchase deals. So anyways I talk shop and do business with people like Diablo all the time. But regarding Diablo specifically I want to tell the diablo story from my point of view.

First off I respect Diablo as a coder. He did write Diablominer and it's quite a nice piece of work. He's also a forum mod (admin here) and from what I hear he does an OK job. So when I hear about DMC, that he was starting DMC, I bit into it wholeheartedly. Since day 1, BMF has been a major shareholder in DMC. At the peak it was worth almost half of our portfolio. That was in the beginning.

Over time I began to realize that Diablo didn't really know what he was doing as a trader or fund manager. For example, he and I would do small time trades, like 100 shares of BTC-MINING for 100 shares of DMC. Which was a fair trade at the time. I remember one day we did this trade and instead of going back to my other screen and coding or trading I hung out in the channel. I was mortified to see what happened next. He sold the shares into the market amd bought up something else -- again into the market. Both ways he lost 15-20%. I was speechless. I asked him what the hell he was doing and I can't remember what he said, but it seemed to assauge me somewhat at the time. I was left with the impression he was a poor trader though and left it at that.

However over the course of the next month DMC slowly started to drop in value. First to .80 then to .70 then to .666 then to .60 and .50. Then the .40s. I began to realize what was going on-- what he did was trade the shareholder equity down in his company in order to grow. For example let's say his shares were worth .75 each. He would offer 100 shares for 70 BTC worth of a mining company. The company was getting bigger, yes, but shareholder value was slowly being chipped away. I remember arguing with him in #bitcoin-assets for WEEKS about this. We had a major argument over this. He wouldn't listen to me. I don't know if it was his ego or if he just didn't understand. BMF eventually lost over 1,000 bitcoins because of him. I still don't know how the heck I managed to trade my way out of that but for the record BMF did better than the market (i.e. GIGAMIING went from 1.50 to .50 (lost 67%) but BMF only lost 40%). But this isn't about BMF.

So anyways I kind of back away from DMC after the arguing. I leave him to his own devices. DMC is worth about .50 or .60 at this point. Then it went to .40.

Around this time ASICMINER came out and I had bought around 5,000 shares in total at the bulk purchase price of .09 for BMF and NYAN. So Diablo was, at the time, trading his shares for MHASH. Not value. Which technically.. I mean if you think about it -- I mean think about it really, ok, GIGAMINING has 5mhash/share, DMC had 4. So why was DMC .50 and GIGAMINING was 1.20 at the time. Why? it didn't make sense. So Diablo's plan sort of made sense you see. If you thought about it. But then things went horribly wrong.

He approached me for a deal for ASICMINER. ASICMINER, you see, was going to get 155mhash per share once they started mining for themselves with their own ASICs. Ok, fine. Makes sense, I thought. No really. Trade a few months of dividends for the future value of ASICs now. It makes a boatload of sense if you think about it (no really, think about it)--sell out mining bonds NOW while they're overvalued and get in on ASICS. Versus losing 90% of your value and THEN trying to move into ASICS. So I traded approximately 500 shares of ASICMINER for approximately 4,500 shares of DMC. I think we did a second trade a short while later for 300 more shares of ASICMINER. The point is, we bought into DMC for thousands of shares at 0.0111111 per share.

Please keep in mind we were always the majority shareholder of DMC. We has 60% of DMC's shares at the time. And when all was said and done a lot of people did this trade with DMC. In fact we were no longer the majority shareholder. So this isn't our "fault". Plus look what happened after the trade. It was like a new deal for DMC. The plan was finally working. We had bought in at 0.011111 per share and DMC was going up, up, up. 0.03. 0.04. 0.05. 0.06. 0.07. 0.08. I even sold some shares for close to 0.1. Finally Diablo's genius was paying off. Then the accusations of scam started because of the asicminer trade and things started to go south. I don't know what happened after that because I was no longer a majority shareholder. I has in fact sold out several thousand shares for 7x my money. NYAN profited from the deal, I won't deny it. But things finally seemed to be turning around for DMC, despote the accusations of fraud (there was no fraud).

However during these last few weeks since I did the ASICMINER trade Diablo has been seeming increasingly panicky.

he has been proposing ridiculous deals to me every day and while it's true we did talk about insurance he has rejected my offers so far.

Ok so I will cut this short now.. but first let me say this. I believe in Diablo's vision. I believe that he can do this. But I also believe he cannot do it alone, and must be held responsible for breaking his contract. Diablo should have bought mining hardware by now. He has 1600 BTC in assets. He could easily buy 20 singles. But he won't. That's my primary complaint as a (former) majority shareholder. All the talk about solar panels, or building dedicated web hosting with customer's money, broke the contract. Many times Diablo said he was going to take the money and build a solar farm or a webhosting company. And I am very depressed, please believe me, I am horribly depressed to have to say this. But if Diablo has taken money from DMC as he seems to have said above, and started a web hosting company --- if he has assets gathered from DMC shareholders which he does not intend to return as a direct consequence of NEFARIO'S DECISION -- I believe he should recieve a scammer tag.

Diablo please listen to me. Let me help you. First, Apologize. Second, I believe if you share your vision.. if you just tell people what you are trying to do.. I believe, I really believe they will support you. Just tell people why you do things the way you do. Just tell people what's in your heart. I am seriously friggen depressed at this situation and not because I am a big shareholder in DMC. But because I am emotionally involved. I wanted DMC to succeed so bad and I feel like crying now that it has come to this.

Please just tell people your dream..

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POSTSCRIPT:

Nefario has advised me that I may need to give back some shares of DMC. I don't mind doing that. However everyone needs to be aware of the situation. When Diablo did the ASICMINER trade I was a 60% shareholder and there were 2500 shares of DMC out. I traded for 4500 shares of DMC or maybe 5000 or so. That means he traded around 14,500 shares with other people, presumably for the same amount. I don't mind returning shares as long as it is done fairly and equallty among those who did trades with diablo. Secondly, since I have the 4,500 shares of DMC essentially still sitting in NYAN.B, I would want my 500+ shares of ASICMINER back. See, this is the problem; the trade was done with too many people and too long ago. Reversing the trades now is probably not feasable fairly. I have already returned the value of these trades to NYAN.B shareholders as well; my personal profit from the deal was zero since I take no management fees from NYAN.B. (really. I take a small management fee of 5% of profits from NYAN only, not the component funds).

So WRT returning ASICMINER shares, I will respect and follow Nefario's final decision without complaint. I only ask that it be done fairly and equally among everyone who traded, and that we recieve back what we traded for. If that's impossible then we just deserve an equal right to the assets of DMC like every other shareholder. Me especially, being 50% majority holder or more from day one. But that's not really relevant I guess, every shareholder is equal. So, I will leave that decision to Nefario.

P.P.S.
I have exact records for every trade done in NYAN, BMF, and CPA. I can provide and explain these records upon demand, as anyone else who did the trades would be expected to do. For one, everyone has the .CSV files available from GLBSE. So there will be no issue with fairness and accountability, on either side of this.