My own issues with them, for example, were always in the nature of competence rather than trustworthiness.
And if the argument being made was that they over-estimated the market share they would be able to capture and under-estimated the inherent problems in operating a Bitcoin exchange I would absolutely agree with that assessment. I don't believe that anyone can successfully operate a Bitcoin exchange long-term in Australia at the moment because I don't think they can get sufficient volume to off-set the overheads and make a worthwhile profit. I'll certainly re-consider my opinion of their trustworthiness if users do not start receiving refunds soon, but right now I'm not seeing any evidence of any plan to cut and run with user funds. The actual evidence points more towards an idea that didn't work out and moving on to other things (for the record, I am checking ASIC notices daily and will certainly let people know if any indication of insolvency shows up - they'd be absolutely crazy not to seek insolvency protection if KenseyCol is in fact insolvent). I'm also perfectly happy to help users navigate the legal options available to them in the event that user funds are not returned in a timely manner.
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This is news to us. We haven't received any communications in this regard and we have no intention of dropping the suit. In fact, we haven't even personally received any contact from the liquidators regarding our claims, which is strange given that we probably make up > 50% of the total money being owed. We await the liquidator's finding as to the responsibilities of the individual Bitcoinica directors, investors, founders. If the liquidators wish to help our case against the other defendants, we might be willing to drop Bitcoinica from the suit.
The liquidators have stated that they don't have Bitcoinica's records, which puts them in a peculiar situation regarding attempting to contact alleged creditors. They literally need creditors to contact them at this point, so you guys might want to get your lawyers onto that. I don't think this is the appropriate thread in which to discuss your lawsuit but I'd strongly suggest that you obtain an opinion from a NZ insolvency lawyer regarding the pros and cons of including Bitcoinica in the lawsuit at this point. The liquidator cannot advise you on this point and you need solid legal advice on the implications of trying to cut deals with the liquidator.
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It was inevitable that someone was going to report Patrick's off-duty acitivities to his employer. I'm surprised the email wasn't copied to the two professional associations named in his SRG profile as well.
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LOL @ ASIC farm making noise. There's a slight problem with that claim. Go back on your meds.
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Yeah, but the only person who thinks dank is instructed by God is dank so the person who answered "lunatic" was correct - although in this instance, troll is probably more correct because I don't believe for a moment that dank is gonna give up eating indefinitely.
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Just a quick reminder that it's Saturday afternoon down here so you might not get a response from the liquidator until NZ business hours on Monday.
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Well, it is not certain for all megafauna, but it is pretty much sure for a lot of large animals, such as aurochs, Moa, thylacine, and so on. Many fascinating creatures have been wiped out by humans in the last thousands years, and that is kind of sad indeed. On what basis are you classifying the thylacine as "megafauna"? The oldest of the species fossils discovered to date indicate that the first thylacines (over 20 million years ago) were actually smaller than the "modern" thylacine (4 million years ago). Even the modern thylacine was a relatively small animal for an apex predator and definitely not in the "mega-fauna" or even "large animal" class. http://www.australiangeographic.com.au/journal/did-dingo-attacks-drive-the-tassie-tiger-extinct.htm
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A warning already comes up. It reads Warning: this topic has not been posted in for at least 120 days. Unless you're sure you want to reply, please consider starting a new topic.Try posting to this old thread of Bruce's if you want to see what I mean. https://bitcointalk.org/index.php?topic=40404.120
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usagi, this is exactly the kind of shit which keeps negative attention focused on you. The other day you were asking complaining that people wouldn't leave you alone. You said that you'd give Eskimo Bob an opportunity to find out what had happened to his YARR shares - something which is quite reasonable given the GLBSE clusterfuck and people's dependence on Nefario releasing accurate information. Now you're back to engaging in pointless pissing matches again.
No-one's going to take you or your ventures seriously if you feel the need to write a diatribe every time something negative is said about you. It's your own posts which call both your competence and your sanity into question so stop playing the game if you don't want it to bite you in the ass.
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Oh - shit - yeah - being from Australia and living in Beijing I forgot all about that.
Well hopefully will hear from someone early next week then.
I'm in Australia too. I'm thinking that all Aussie Bitcoin businesses should probably put notices up about when they're going to be closed over Christmas given that a lot of people are rolling the weekend before Christmas into a long weekend so many businesses will be closed from the 21st December until at least the 27th.
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I doubt you're going to get much customer support from US-based people over the Thanksgiving holiday.
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Better change your thread title and your sig seeing you're no longer offering interest on deposits.
Better still, just lock this pointless thread. dank will implode without his ego fix. It's not "love" or "consciousness" which feeds his soul - it's attention. But yeah, locking this thread and making him beg for interest-free personal loans in the general Lending forum would be a good start.
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Not just more awesome than Hendrix. More awesome than Evil fucking Knievel, too. All bow before the almighty dank. Not to derail this epic thread, but I just learnt why a smiley is called a smiley from this post. I think the wanker smiley should be added to the board's stock smileys - it would get a lot of use.
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Not just more awesome than Hendrix. More awesome than Evil fucking Knievel, too. All bow before the almighty dank.
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Better change your thread title and your sig seeing you're no longer offering interest on deposits.
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So someone starts a passthrough, they are responsible just as much as pirate but those who invest in said passthrough are not? what sense does that make? at least be consistent
Someone who starts a pass-through is risking other people's money, not their own - we generally hold people dealing with other people's money more accountable than people risking their own funds even if the "investment" involved is stupidly high risk.
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I hate to say I told you so...
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While it's true that MtGox could convert USD to CAD to meet the withdrawal requests, exchanging currencies costs them money. From a purely financial viewpoint, it makes better sense for them to either wait until they have enough CAD on hand to meet the request (from people buying BTC with CAD) or to encourage people to withdraw in a currency they do have on hand.
It is - however - annoying as hell that it often takes weeks to even get a statement from them about the cause of delays. Just because you can get away with providing shitty customer service when you're the largest game in town doesn't mean it should be your standard operating procedure.
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Eskimobob caught lying and trying to defraud a broker for 5 BTC:
The irony of you condemning anyone for posting misleading or false information about service providers is rich.
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I find the image of dank hoping real hard for a natural disaster tonight very funny, the whole love thing kida gets harshed by it.
Just checked,, no tsunami advisory. Nowhere. At all. On the whole globe.
So, bodes well for the million man concert...
Yeah but remember he's supposed to stop eating and "transition to the other side" today. I guess his "soul" is going to be organising the concert from there.
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