And just as pointless to spend money on legal fees to sue people who don't have significant assets.

Fuck you're a moron.  They never had access to the database to change people's passwords.  'The whole thing was done by injecting code to run a script.

Bitcoin prices had already crashed dramatically well before the Cosbycoins episode.

Do you also melt down in the presence of pirate avatars?

From which particular failed Bitcoin enterprise?  There are so many.

So are they all planning to "ascend" Heaven's Gate style on 21 December?

People can't even get their funds back from exchange owners whose identities are known.  What makes you think that anyone who sets up a totally anonymous exchange is going to be trustworthy?

I think that first the whole scammer tag concept needs an overhaul.  It doesn't really act as much of a warning to avoid dealing with the large-scale scammers because they tend to leave this community when their scams collapse.  It's useless if people's real world identity isn't known because they can just resurface under a new user-name.  And it's currently applied on a very selective basis. You can owe people hundreds of thousands of dollars and make no effort to help users recover their funds and still not get the scammer tag. 

Why not just link their details here so that we can openly evaluate their "scientific methods" and the credibility of those operating the organisation? Legitimate researchers don't keep their identities or their research methods secret.  Why the secrecy about which organisation you believe should be supported?  Do you have some personal connection with them?

And yeah, the JREF has a large amount of money available to anyone who can prove the legitimacy of mediumship or the existence of an afterlife using "traditional scientific methods".

You guys really need to name those supporters.

He can't return if he never leaves.

Who didn't see that coming?

I've got the CPA NAV Insurance Contract (CPA Account #12),  CPA NAV Insurance Contract (CPA Account #15) and Account 16 CPA Shareholder Protection Agreement screen-capped, if anyone needs them.

I don't know what's worse - that I still remember some 40 year old storylines or that the show is still on air.  As in DOOL, I suspect we'll see lots of Bitcoin characters return from the dead.

There's no drama like Bitcoin drama.  The "will pirate make contact" storyline returns tomorrow and the new season of "will BFL deliver" starts in a couple of weeks.  It's like reality TV without the ads.  Which well-known Bitcoin business will suddenly fail next?  Who should be voted off the libertarian island?

And by the logic expressed by theymos earlier, only Amir should be responsible for the actions of Intersango because he's a director and Donald and Patrick are "only" shareholders.

Their gross profit numbers probably look pretty good but they've spent huge amounts of money on legal costs and no anti-fraud system is perfect.  It would not surprise me if their balance sheet for the last year is barely in the black, given the costs of implementing tighter security last year, AML compliance, the legal fees for the French court case, etc plus the inevitable losses from the occasional fraud which slips through the system.  Growing any business involves significant costs and staff salaries are the least of it.

What has probably increased substantially over the last year as a result of MtGox spending all this money is the amount for which the exchange could be sold.

So it's OK not to make the community whole as long as you're "great people"?  It's just fine to walk away from your responsibility if you didn't lose people's funds on purpose, even if they got lost as a result of you failing to do something and you could actually do something to assist people to recover their funds but you refuse to do so because you're too busy covering your own ass to give a shit about the people who lost funds.

If that's the kind of "ethics" which are going to be applied to scammer tags around here, then they're absolutely meaningless because they're not going to be applied to people based on their actions but on the basis of shared ideologies and personal friendships.  Clearly, Nefario only got the tag because those who issued it feel personally betrayed and pissed off, not because of the impact its closure is having on users and asset issuers.

So how are you going to manage to put soul into providing a custom beat for 420?

I think they should bring back miserydearia to complete the awesomeness.

Banks aren't required to have in place mechanisms for detecting ponzi schemes.  Their fraud detection algorithms are designed to detect people trying to defraud the bank or fraudulently using the accounts of their customers.  While their anti-fraud measures may uncover people defrauding the public if the transaction patterns of the account resemble those of money laundering, terrorism financing or other designated financial crimes, such a discovery would be incidental.



The transaction patterns of the exchanges are much more likely to be flagged by the bank as possible money-laundering activity than possible fraud.  The exchanges themselves have algorithms meant to detect possible fraudulent activity.

You might want to stipulate that it you'll only pay if it's usable.  Otherwise you'll have twenty people submitting worthless crap and expecting payment.