Nefario

[LoupGaroux]

Just so we can be clear here... are you suggesting that the average person in this community would sit on tens of thousands of dollars of other people's money, lied to their partners and then taken action without their approval that destroyed the value of their investment after taking a salary from them (without withholding taxes, so it's probably more like selling them consulting services) and then conduct a bizarre and totally random return, partial return, double return process on a very limited amount of the money, and never communicate clearly?

'Cause if that's what you are saying, I disagree. I don't think the majority of the people involved with bitcoins are that kind of scumbag. Call me naive, but I would like to hope that there is a better class here.

[johnlu]

Why nefario is not giving the list bonds/shares holders to the bonds/shares issuers?

This is senseless....

[conspirosphere.tk]

I don't think the majority of the people involved with bitcoins are that kind of scumbag. Call me naive, but I would like to hope that there is a better class here.

You forgot lying like a used car seller again and again up to the last minute to all his customers (e.g. "he was beyond the law because... Bitcoin")

At least, if I did all that I would feel so much shame and guilt to end alcoholic and homeless -before possibly going suicidal due to the bad karma hitting back. (Not to suggest anything to anyone here -Do U hear me Nef?)

[conspirosphere.tk]

Why nefario is not giving the list bonds/shares holders to the bonds/shares issuers?

[Bitcoin Oz]

I just assume Nefario is acting in bad faith untill I see something official from the lawyer.

And what would actually be the difference? That you believe you could get prosecuted or that you are advice that you are subject to prosecution pretty much calls for the same course of actions. And if he were to get legal actions from the SEC or similar entities, the fact that he unknowingly (which does not make you not-guilty) committed a crime and ceased operation when he got enlightened (with advice or not), would go in his favor big time, especially considering the crime itself was one with no permanent damage.

If you like taking that much risk, just go to high rollers section of casino and sign your bank tab and go all in.

The guy took a decision to put his life out of the cross hair. Not for greed, power or reconision. If it were for those reasons, people would not see those bitcoins in their wallets right now.

Seems he only paid out a few token small accounts twice and then quit paying.

We will need to see if he pays out the rest.

I'm getting very, very tired of reading posts justifying James' actions. They're not even funny.
He was in business to make a buck and people who are making a buck have responsibilities. Period.
Then he decides to close shop suddenly and unilaterally, taking everyone's money with him and rendering assets worthless.
[He could've closed shop and let everyone take out their money, assets could've been dissolved as well into BTC at current value.]

Now he's redefining the term clusterfuck so deeply arms manufacturers might hire him as a designer.
[This will, of course, literally explode on their faces.]

But still, people stand up for him, incl. people that have lost btc over this and probably will never get them back.
Wtf?

I'm a positive person but... Goat, I bet we won't see any of that.
Well, maybe something... but all in this schizophrenic, double-or-nothing, highly entropic way.

I am not seeking to defend him as much as pointing out to people that they are crying about the wrong shit.

See the post I quoted.... like wtf... who gives a damn. Bit coin.me would be a happy camper if he had a lawyers signature on paper? No... just anything and everything to attack someone. Attack him for what he did, not for what he didn't do or what PEOPLE WOULD HAVE DONE THEMSELVES.

Let me make this clearer. There is no fucking proof he even spoke to a lawyer.

And what lawyer would suggest that the people who are supposedly paying him are to be told nothing and treated like mushrooms ?

[jamesg]

Let me make this clearer. There is no fucking proof he even spoke to a lawyer.

And what lawyer would suggest that the people who are supposedly paying him are to be told nothing and treated like mushrooms ?

So GLBSE shareholders have not received any invoices to retain the lawyer? How is GLBSE paying for a lawyer and you don't have invoices?

[OgNasty]

...treated like mushrooms

Kept in the dark and fed shit?

Has Nefario said anything about when his "asset issuers" will be given their "shareholder" lists?

*Terms in quotes are those used by the GLBSE website and are not accurate descriptions of the mentioned parties.

[matauc12]

Just so we can be clear here... are you suggesting that the average person in this community would sit on tens of thousands of dollars of other people's money, lied to their partners and then taken action without their approval that destroyed the value of their investment after taking a salary from them (without withholding taxes, so it's probably more like selling them consulting services) and then conduct a bizarre and totally random return, partial return, double return process on a very limited amount of the money, and never communicate clearly?

'Cause if that's what you are saying, I disagree. I don't think the majority of the people involved with bitcoins are that kind of scumbag. Call me naive, but I would like to hope that there is a better class here.

So as I see it, most of your issues with him are before the closing of GLBSE? And also mostly speculative.

What I see here is poor management supported by many, and those many are now frustrated that they supported poor management.

You are asking someone to make things right on something people are gonna bitch about no matter what happens. You can see what I mean when people were complaining that btc wasn't returned yet. Btc starts to be returned, now its something else. He was not communicating, he releases an interview with most questions being answered, people calls bullshit on every word.

And then you see people say stuff like "assets should have been dissolved in btc and returned to shareholders"..... OK, those btc that were used to buy shares were used by the issuer.... so apparently he should have made btc appear from thin air and pay everyone value based on market confidence?

He felt the need to close, which no one has any control over that. He did not wish to pursue running glbse. That involves a lot of constraints for a lot of people, but he was allowed to do so, so stop crying about that.

[Bitcoin Oz]

Let me make this clearer. There is no fucking proof he even spoke to a lawyer.

And what lawyer would suggest that the people who are supposedly paying him are to be told nothing and treated like mushrooms ?

So GLBSE shareholders have not received any invoices to retain the lawyer? How is GLBSE paying for a lawyer and you don't have invoices?

We have not received an invoice. In my opinion Nefario is receiving personal advice and not for the company at all.

Unless he provides some sort of invoice its all hot air.

[Bitcoin Oz]

...treated like mushrooms

Kept in the dark and fed shit?

Has Nefario said anything about when his "asset issuers" will be given their "shareholder" lists?

*Terms in quotes are those used by the GLBSE website and are not accurate descriptions of the mentioned parties.

No. Hes not replying to personal emails.

[hazek]

He felt the need to close

Except, as it was organized, it wasn't his to close.

If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money. But no, he decided to make the "company" legit, not something any of the other owners agreed to, decided to take the company's money to pay for his own personal legal advice and decided to save his own ass at the expense of all the shareholders' stake and their privacy and at the expensive all his users' privacy.

A scammer is to mild of tag for scum like that.

[MiloSmith]

Except, as it was organized, it wasn't his to close.

If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money.  

As it was organized, it was an illegal securities trading market.  Generally, the government isn't going to care about the company rules involved when they are deciding who will go to jail.  That's one of the drawbacks with illegal business, hard to get the government to enforce your contracts. 

Have an illegal drug business?  I don't recommend thinking the cops are going to help you get your drugs back if another dealer rips you off even though he agreed not to.

[hazek]

Except, as it was organized, it wasn't his to close.

If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money.  

As it was organized, it was an illegal securities trading market.  Generally, the government isn't going to care about the company rules involved when they are deciding who will go to jail.  That's one of the drawbacks with illegal business, hard to get the government to enforce your contracts. 

Have an illegal drug business?  I don't recommend thinking the cops are going to help you get your drugs back if another dealer rips you off even though he agreed not to.

I don't have a clue what you are talking about or why any of what you said matters.

He owned a company. He sold ownership to that company. He did stuff other owners didn't give permission to and he ended up unilaterally shutting down a good company screwing the other owners and the users' privacy in the process. What some gang of thugs thought about his company is completely irrelevant.

[MiloSmith]

Except, as it was organized, it wasn't his to close.

If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money.  

As it was organized, it was an illegal securities trading market.  Generally, the government isn't going to care about the company rules involved when they are deciding who will go to jail.  That's one of the drawbacks with illegal business, hard to get the government to enforce your contracts.  

Have an illegal drug business?  I don't recommend thinking the cops are going to help you get your drugs back if another dealer rips you off even though he agreed not to.

I don't have a clue what you are talking about or why any of what you said matters.

He owned a company. He sold ownership to that company. He did stuff other owners didn't give permission to and he ended up unilaterally shutting down a good company screwing the other owners and the users' privacy in the process. What some gang of thugs thought about his company is completely irrelevant.

He organized an illegal company.  There is nothing to stop him from doing whatever he wants with the money because nobody will go to the police to stop him.  An unenforceable contract is not worth the paper it is printed on.

[hazek]

As it was organized, it was an illegal securities trading market.

Oh and even if we cared what some gang of thugs thought about his company, I fail to see how his company could have possibly fit the definition of a securities trading market when there was no money ever involved in what this company did.

I mean unless bitcoins somehow recently became money legally speaking, I don't know what the fuck you are taking about.

[MiloSmith]

As it was organized, it was an illegal securities trading market.

Oh and even if we cared what some gang of thugs thought about his company, I fail to see how his company could have possibly fit the definition of a securities trading market when there was no money ever involved in what this company did.

I mean unless bitcoins somehow recently became money legally speaking, I don't know what the fuck you are taking about.

The securities themselves are regulated, you could trade them for pogs and pinecones and it wouldn't matter.

[hazek]

Except, as it was organized, it wasn't his to close.

If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money.  

As it was organized, it was an illegal securities trading market.  Generally, the government isn't going to care about the company rules involved when they are deciding who will go to jail.  That's one of the drawbacks with illegal business, hard to get the government to enforce your contracts.  

Have an illegal drug business?  I don't recommend thinking the cops are going to help you get your drugs back if another dealer rips you off even though he agreed not to.

I don't have a clue what you are talking about or why any of what you said matters.

He owned a company. He sold ownership to that company. He did stuff other owners didn't give permission to and he ended up unilaterally shutting down a good company screwing the other owners and the users' privacy in the process. What some gang of thugs thought about his company is completely irrelevant.

He organized an illegal company.  There is nothing to stop him from doing whatever he wants with the money because nobody will go to the police to stop him.  An unenforceable contract is not worth the paper it is printed on.

Obviously. Hence why he received his scammer tag.

[MiloSmith]

Except, as it was organized, it wasn't his to close.

If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money.  

As it was organized, it was an illegal securities trading market.  Generally, the government isn't going to care about the company rules involved when they are deciding who will go to jail.  That's one of the drawbacks with illegal business, hard to get the government to enforce your contracts.  

Have an illegal drug business?  I don't recommend thinking the cops are going to help you get your drugs back if another dealer rips you off even though he agreed not to.

I don't have a clue what you are talking about or why any of what you said matters.

He owned a company. He sold ownership to that company. He did stuff other owners didn't give permission to and he ended up unilaterally shutting down a good company screwing the other owners and the users' privacy in the process. What some gang of thugs thought about his company is completely irrelevant.

He organized an illegal company.  There is nothing to stop him from doing whatever he wants with the money because nobody will go to the police to stop him.  An unenforceable contract is not worth the paper it is printed on.

Obviously. Hence why he received his scammer tag.

"The other drug dealer called me a thief! That sure brings me down as I bathe in my money!"

[hazek]

As it was organized, it was an illegal securities trading market.

Oh and even if we cared what some gang of thugs thought about his company, I fail to see how his company could have possibly fit the definition of a securities trading market when there was no money ever involved in what this company did.

I mean unless bitcoins somehow recently became money legally speaking, I don't know what the fuck you are taking about.

The securities themselves are regulated, you could trade them for pogs and pinecones and it wouldn't matter.

bwhahahahaha you can't be serious cause man, someone should tell this every MMORPG out there, especially games like Second life or EVE Online..

[hazek]

Except, as it was organized, it wasn't his to close.

If he did the right thing he would have gone to jail and took responsibility for his actions that he alone was responsible for and whould have gotten his legal advance on his own dime before taking anyone's money.  

As it was organized, it was an illegal securities trading market.  Generally, the government isn't going to care about the company rules involved when they are deciding who will go to jail.  That's one of the drawbacks with illegal business, hard to get the government to enforce your contracts.  

Have an illegal drug business?  I don't recommend thinking the cops are going to help you get your drugs back if another dealer rips you off even though he agreed not to.

I don't have a clue what you are talking about or why any of what you said matters.

He owned a company. He sold ownership to that company. He did stuff other owners didn't give permission to and he ended up unilaterally shutting down a good company screwing the other owners and the users' privacy in the process. What some gang of thugs thought about his company is completely irrelevant.

He organized an illegal company.  There is nothing to stop him from doing whatever he wants with the money because nobody will go to the police to stop him.  An unenforceable contract is not worth the paper it is printed on.

Obviously. Hence why he received his scammer tag.

"The other drug dealer called me a thief! That sure brings me down as I bathe in my money!"

I don't presume Nefario gives a rats ass about his scammer tag, but you better believe he is done for life when it comes to doing business in the Bitcoin world because no one will ever trust this scum ever again.