You can even use blockchain.info offline while your wallet is decrypted and you're creating the transaction.

I'd like to see this happen but I'm not supporting forcing them to do anything. It's up to the consumer to chose another service provider if they aren't happy with their current one.

It would to rational human beings but not to the state and their rules, to them these are two different persons, completely separate.

Because corporations are people too, didn't you know?! 

Do you maybe know how?

I think you're stretching it a bit.. If you truly want to blame anyone (the concept of blame is stupid anyway since I don't believe we have such a thing as free will) meaning you want to find the cause of the effect then you can't really ignore the actions of the victim. Like with a ponzi even here they must have seen ample red flags and warnings by other skeptics and yet decided to risk their money. And once you are in a risk vs reward scenario and the reward doesn't pan out and instead you experience the risk event you were expecting some of the time I don't see how you don't carry partial blame for losing your money.

Cool, I can't wait to hear how it really worked.

Will you say the same to those who will experience a loss once pirateat40 runs?

Could you in layman's terms explain what the app actually does in terms of positions and matching and liquidating, ect...

And how exactly does that make it a good solution or a solution at all? For someone telling people they have a low IQ you seem to be have a lot of problems with thinking correctly yourself.

Says the person suggesting we should pick up bats and solve this problem like they use to do back when we lived in a cave..  

Violence is never a solution to any problem other than self defense. Ever.

As it stands right now at most some people might deserve a NEGLIGENT tag but labeling them scammers, I don't see how you can rationally support that.

That's exactly what my reaction was.

I voted no because they did return some of what the owe which is commendable given their predicament. I also value the principle of innocent until proven guilty and I haven't seen any proof yet that they are guilty of a scam.

It appears this is a service someone could be paid to provide..

It's pretty basic, form a company with security experts, offer a security consultation service and/or security audits with insurance and you're golden.

May I suggest people tuck away their lynch mob mentality for a second and instead try and use some usually a lot more productive rational thought before responding in this thread. Yes the situation is fked up but there's no need to start throwing around various threats of violence.

You all knew there was a counterparty risk involved when you decided to use their service.

I believe this thread was alive long enough and am locking it now.

The OP is a thought experiment not in any way shape or form an actual proof of anything and it meant to show that those who "invest" or defend the practices of pirateat40 will some of the time be doing so while BS&T actually being a ponzi scheme. I still for the life of me can't understand what kind of principles people live by that allow them that kind of mentality and behavior but oh well I have no doubt the market will eventually sort it all out.

A fool and his money are soon parted, and there's probably nothing little ol me can do about that.

Awesome thanks!

I wonder what insights we will gain from seeing under the hood just how exactly did Bitcoinca operate, it might turn out that the attack was actually a good thing and it stopped a bucket shop scam where people were unfairly losing loads of money vs the house. Of course there's no question the loss for everyone who had their funds there is very unfortunate and regrettable and wrong.

Did you miss the link here? It's in the first post.