Likewise.

You also need to remember that it's Sunday afternoon in Japan.  See if someone gets back to you tomorrow before you assume that they're ignoring you or have no intention of addressing your problem.

The support desk part of the MtGox website is down for maintenance at the moment so there's probably not a lot you can do until tomorrow.

Same when we're high, develop certain neurological conditions or experience certain mental illnesses.  There are plenty of ways to alter consciousness - they're not all benign.

The same reason they fall for conventional scams.  Greed.  It doesn't help that there are plenty of people on here willing to argue that sustained high returns are somehow magically possible because...Bitcoin.  Nobody who wasn't a high risk borrower would be willing to pay insane interest to borrow in BTC when interest rates on conventional loans are low.  People wilfully overlook that reality time and time again. 

Even those investment offers which aren't outright scams from day one are going to have a ridiculously high default rate because many of those already high risk borrowers are going to use the funds they borrow to invest in high risk ventures.

Great.  Now you're channelling Atlas.

That's kind of the problem though.  You need to be able to trust people to do the right thing under the worst case scenario.  Doing the right thing is easy when everything is going well and you're making money hand over fist.  Doing the right thing by others even when you've personally sustained major losses is a greater challenge for many people.

One of the current problems in the Bitcoin world is businesses lacking the capacity to absorb rapid growth.  They simply don't have the resources to put in place the systems necessary to deal with hundreds of thousands of dollars worth of other people's money because they started on a shoe-string without any high level infrastructure baked in and they haven't made significant profits a few months later when they're suddenly playing a whole different ball game. 

Many Bitcoin businesses don't have the capacity to adapt to rapid expansion because their owners have neither the resources nor the skills necessary to implement the changes required to see the business through a vulnerable period.  It doesn't help that the businesses are often "brand new" in real world terms and so the owners are still emotionally attached to their idea and don't necessarily make rational decisions about how to fund expansion.  We have a plethora of business owners who've never consulted an accountant, security expert or a lawyer but who are responsible for tens of thousands of dollars worth of other people's money.  They think that they "can't afford it" because they aren't making significant profits from their new business, yet it should be a standard start-up cost not something people are going to get around to when they "can afford it" (many businesses will fail long before they reach that point).

People in general underestimate just how much work is involved in operating your own business.  Those who dream of opening their own business so they don't have to answer to anyone and can work part-time are in for a rude shock and extremely likely to fail.

One thing I consistently hear back from Bitcoin business owners I talk to off-board is that they grossly under-estimated the level of attempted fraud they would encounter.  It's something for which every Bitcoin business needs to be prepared before they even launch because many have no capacity to absorb losses in their early months of operation - losing even a few thousand dollars to fraud will be catastrophic.

So which cult are you planning on joining dank?

Over/under on dank eventually joining an "all you need is love" cult and perishing in a mass suicide a la The People's Temple or Heaven's Gate.

There was nothing sophisticated about pirate's scam.

Actually, he needs to consult a lawyer about this.  Liquidating assets in the pre-bankruptcy period will have implications for his bankruptcy so it's not something he should do without advice from an insolvency practitioner.

Given that there's a tsunami somewhere pretty much every year, you'll have to do a little better than that.

Sooner or later the world's supervolcanoes will erupt again, but that doesn't make dreaming about such events precognition.

Not this shit again.   

Says the person who's yet again seeking funds from others.

Is the Teri Buhl whose writing for the magazine this Teri Buhl?  Charming company you keep, if so.

http://newcanaan.patch.com/articles/disturbing-story-emerges-in-new-canaan-journalist-case

It does.  Thank you.

Where are you planning on locating your ATM that it will get enough traffic to justify the overheads of operating it?  How are you going to keep the machine secure from vandalism/theft?  How are you going to calculate your hot wallet needs so the machine isn't constantly going offline because your hot wallet has no more BTC - unlike a bank, you can't just go to another ATM. The idea has been proposed before and there are a number of obstacles which need to be considered in order to make it viable.

This needs repeating.

If you were stupid enough to max out your personal credit to invest with pirate, that's your problem.  The fact that you personally lost money doesn't absolve you of responsibility for your misrepresentations to others.  You can't discharge debts incurred by fraud in bankruptcy.

The "but I lost more money than you guys" excuse from PPT operators is wearing very thin.  How much of your own money you lost is irrelevant.

You haven't mentioned why your PayPal account went negative and I'm a little bit unclear about your comments regarding user 559. Have you loaned funds to user 559?

This is also concerning.


It reads like if you get over 70% you're going to use the excess to make repayments on the loan - meaning you're going to repay lenders of the first 70% from funds placed with you by later lenders (which is a bit ponzi-ish).

You might want to clarify those points because the way it reads now it sounds pretty high risk (and debt consolidation loans tend to be high risk anyway without additional complicating factors).

It was predicted from day 1 that some asset-issuers would use the shut-down of GLBSE to avoid their obligations to their asset-holders.  Nefario's actions have made that a certainty and he should be held personally liable for that.

Are you claiming that you passed it?  Ah what level?  What level of JLPT you're certified at is absolutely relevant to whether you're competent enough in the language to teach others.  Nobody should invest in your business or buy your products unless you're willing to provide evidence of your proficiency.  That you thought someone you presumed to be  merely above N4 level was competent to review teaching materials is laughable.