But why? By all accounts he successfully stole far less money than you

About as happy as you are with all the coin you made by helping to perpetuate pirate's ponzi scheme?

When people phoned them they were asking questions about GLBSE as well and were clearly very interested in the exchange. I think BitcoinINV was saying that he'd been told action was likely to be taken against GLBSE.

Y'know, a mind like Dank's might take that idea seriously 

I don't imagine Nef had much notice at all, I'm not sure if you understand how serious the legal issues are surrounding this. There is every chance that multiple members of the bitcoin community will be charged with securities fraud and face jail time over this. Think about it, Nefario has ID on a whole variety of people who are/were issuing unlicensed securities. Further issuers are already well known. This whole situation has the potential for very serious consequences for a number of members.

Look, I know you love raving about how shit GLBSE is/was, but let's look at the facts here:

-The SEC was investigating Pirate.
-Through that investigation, they became interested in GLBSE, and there was some suggestion that they would take action against it, initially with regard to the pirate-pass-through operations.
-Next, Nefario pulled the listings of the PPT operations, as well as the account of the biggest issuer of PPT bonds.
-Then, Nefario shuts the site down in a great hurry, apparently under legal pressure.

Now, personally the first thought into my head when trawling through this clusterfuck is not "It must be Nefario's fault". The SEC was known to be interested in GLBSE at least a week before it went down.

That's surely not really something you can implement?
I'd have thought it'd be easier to just implement the score-prop method that slush is using. Whatever really.

Congrats - here's hoping you find it sooner rather than later 

Just so you know, this method is basically slush's method, still hoppable, just not as hoppable as straight proportional.

I don't think the fact that MPEx lacks a dedicated domain name will stop a securities investigation 

In addition to which, is it really wise to have it on a ".us" domain?

....So?
You had no policy in place that said you would penalise pool hoppers in any way at the time Inaba joined.


This "few moments" is really starting to stretch out.


Regardless, you don't just change the payout method mid-round specifically to screw over your biggest contributor. A Scammer tag beckons.

So your pool is all about the blackmail?

New proposal:

Greee must either:

-Pay Inaba the expected value of the shares he submitted (no, I don't mean PPS, I'm sure organofcorti can provide us with the average expected value of said shares when mined on a prop pool).
Or:
-Switch back to the old payout system and restore Inaba's sharecount, then switch to the new payout method at the end of the round.
Or:
-Get a scammer tag.

It would make more sense to allow others to invest in the pool. Create 1000 bonds with a starting face value of 1BTC, valid for one month.
If the pool loses money, those bonds lose value, if the pool makes money, those bonds gain value. With 2% PPS the bonds are probably worth the risk for some investors, and bondholders would have incentive to recommend your pool to others.

Or sell me the code and I'll set it up 

Gree, you can't just go and reset the stats system mid-round. You need to pay Inaba for those shares.

i guess with the codes thing you're actually in a slightly better position than most glbse issuers right now 

Can you PM me details when you do - last I checked I had 57 shares of BitcoinMINV. Not much but I'd like to be involved 

This.
I'm also UK-based - the FSA is just as neutered as the SEC is when it comes to big banks (read: sponsors of big political parties) but if the SEC wants you investigated for something it's pretty much a given that the FSA will act as their puppet.

Yep, sounds to me like the SEC got to Pirate first (how could they not? his ID was all over here) and have then proceeded to go looking into GLBSE.
There's going to be some serious profiling going on I think.

You could hire Josef Fritzl to be your PR person and present a better public image.

MPEx could have so much potential, all it needs is:

-Lower registration fees. Make up for it by charging more for listings if you like, but I don't see why many people paying $350 to trade the paltry few securities on there at the minute, particularly with the regulatory risk involved. More users = more volume = more securities.
-A site that doesn't look like absolute arse. Again, this would bring in more users, image is important to a lot of people.
-Its own domain name that it doesn't share with a romanian porn site (I mean really, nice image).
-A PR person who understands that "Public Relations" is supposed to be about being helpful and polite, getting your exchange some good rep and some good publicity. Alternatively you could get a Grizzly Bear in an SS uniform, that'd be a slight step up from the current PR rep.

Unfortunately the chances of that happening are about the same as the chances of me finding buried treasure in my garden, so I guess we'll just have to wait for some budding entrepreneur to set up a viable GLBSE replacement.

Rarity, I think you should enter the running for Bitcointalk's "troll of the year" awards.