Nefario

[SebastianJu]

He couldn't even release the database yet and god knows when it will happen, if ever.

Sure he could do. But for some reason he made his mind set that the asset info only can be give out when the btc are paid out. Because payments of issuer could be misinterpreted with payments from glbse and vice versa. As if... Issuer should state when they pay out something. There shouldnt be a problem. So why is he doing it this way? Because he dont want to give out the info in reality or because he really set his mind stuck in the though that one thing has to follow the other?

I think in a week we should get more info and draw our consequences of his statements. In a week he should went through the other half of the list of double payments. Then payments should move on. But even then... he has way more usermoney than the one that was double paid. Or was it really that much that all remaining money was gone? Maybe the erraneous script stopped paying out when there was no money left?

Anyway... not much choice what to do than wait.

[1713979299]

1713979299

[HorseRider]

The GLBSE.com is back, read this notice again.

GLBSE is closedPlease login to get your bitcoin and assets.
Problems logging in? Contacting support?
If you've been having problems logging in (lost your password or two-factor auth) and have contacted support, please be patient. Due to the huge volume of emails coming in I won't be able to address support emails until most bitcoin has been refunded and assets details given out. Once this is done I will address your problem and get your bitcoin and assets back to you.

UPDATE:Currently recovering bitcoin payments made in error, account closing has been halted until most of this has been recovered

[SebastianJu]

The GLBSE.com is back, read this notice again.

GLBSE is closedPlease login to get your bitcoin and assets.
Problems logging in? Contacting support?
If you've been having problems logging in (lost your password or two-factor auth) and have contacted support, please be patient. Due to the huge volume of emails coming in I won't be able to address support emails until most bitcoin has been refunded and assets details given out. Once this is done I will address your problem and get your bitcoin and assets back to you.

UPDATE:Currently recovering bitcoin payments made in error, account closing has been halted until most of this has been recovered

Important word.

[repentance]

The GLBSE.com is back, read this notice again.

GLBSE is closedPlease login to get your bitcoin and assets.
Problems logging in? Contacting support?
If you've been having problems logging in (lost your password or two-factor auth) and have contacted support, please be patient. Due to the huge volume of emails coming in I won't be able to address support emails until most bitcoin has been refunded and assets details given out. Once this is done I will address your problem and get your bitcoin and assets back to you.

UPDATE:Currently recovering bitcoin payments made in error, account closing has been halted until most of this has been recovered

Important word.

That's unacceptably "vague".  What constitutes "most"?  What happens if James is unable to recover "most" of the overpayments?  James needs to commit to a timeline.  Anyone who is going to return their overpayment is likely to have done so already.  Refusing to move forward until some arbitrary amount of still outstanding overpayments is returned is just power-tripping.  People are running out of patience with James' bullshit excuses and are likely to look for retribution rather than restitution if this drags on much longer.

[MPOE-PR]

That's unacceptably "vague".  What constitutes "most"?  What happens if James is unable to recover "most" of the overpayments?  James needs to commit to a timeline.  Anyone who is going to return their overpayment is likely to have done so already.  Refusing to move forward until some arbitrary amount of still outstanding overpayments is returned is just power-tripping.  People are running out of patience with James' bullshit excuses and are likely to look for retribution rather than restitution if this drags on much longer.

"A small majority" constitutes "most". Two weeks.

[SebastianJu]

The little word "most" shows that nefario isnt insanely thinking that he will get all of the money back. Thats a good sign for me because he is aware that it probably will be "most" only. It could be another way... at least he made some strict decisions in the past so that one could fear that he wouldnt make a compromise here too.

[memvola]

I had a feeling GLBSE was doomed to fail back when Nefario introduced version 2.0. I liked the interface of version one and the anonymity. Don't know what would've happened had he continued like that. I was of the impression that he would've liked to... maybe it was pressure from the new investors at that point that made them try to go legit in this half-baked way. I don't know the full story.

Yes, 2.0 was pretty much the beginning of all this, though I'd prefer the perspective they had when it was implemented as a command-line client. I was more worried about the security challenges 2.0 would bring than what we are facing now, though that was probably because I was kinda assuming the shareholders had a synchronized copy of the database at all times (if I had suspected this wasn't the case I would've gotten out long ago, but Nefario gave the impression that this was being handled, which makes me furious).

As I understand, Nefario himself wanted to move to a more user-friendly, appealing and more centrally-dependent system so that he could profit from it. It's understandable, since a more open approach would lead to a somewhat distributed environment (which I'm guessing genjix would have preferred).

[Phinnaeus Gage]

I had a feeling GLBSE was doomed to fail back when Nefario introduced version 2.0. I liked the interface of version one and the anonymity. Don't know what would've happened had he continued like that. I was of the impression that he would've liked to... maybe it was pressure from the new investors at that point that made them try to go legit in this half-baked way. I don't know the full story.

Yes, 2.0 was pretty much the beginning of all this, though I'd prefer the perspective they had when it was implemented as a command-line client. I was more worried about the security challenges 2.0 would bring than what we are facing now, though that was probably because I was kinda assuming the shareholders had a synchronized copy of the database at all times (if I had suspected this wasn't the case I would've gotten out long ago, but Nefario gave the impression that this was being handled, which makes me furious).

As I understand, Nefario himself wanted to move to a more user-friendly, appealing and more centrally-dependent system so that he could profit from it. It's understandable, since a more open approach would lead to a somewhat distributed environment (which I'm guessing genjix would have preferred).

In short, Nefario makes you furio.

[molecular]

I had a feeling GLBSE was doomed to fail back when Nefario introduced version 2.0. I liked the interface of version one and the anonymity. Don't know what would've happened had he continued like that. I was of the impression that he would've liked to... maybe it was pressure from the new investors at that point that made them try to go legit in this half-baked way. I don't know the full story.

Yes, 2.0 was pretty much the beginning of all this, though I'd prefer the perspective they had when it was implemented as a command-line client. I was more worried about the security challenges 2.0 would bring than what we are facing now, though that was probably because I was kinda assuming the shareholders had a synchronized copy of the database at all times (if I had suspected this wasn't the case I would've gotten out long ago, but Nefario gave the impression that this was being handled, which makes me furious).

As I understand, Nefario himself wanted to move to a more user-friendly, appealing and more centrally-dependent system so that he could profit from it. It's understandable, since a more open approach would lead to a somewhat distributed environment (which I'm guessing genjix would have preferred).

I never thought that, but in hindsight it sounds like a great idea.

[guruvan]

I continue to wait, having heard absolutely nothing from GLBSE.

What a joke. I think I prefer pirate just freaking stealing my money to nefario playing little boy games with it. This is making me feel like I'm dealing with the children at Bitcoinica Consultancy again.

Glad to see nefario's involvement with intersango rubbed off & he learned as many of Patrick's best habits as possible before leaving for GLBSE full time. I wouldn't know what to do if a bitcoin business closed down and actually gave me something back.

Not a very productive post on my part, but, wtf. The thread must grow!

[MPOE-PR]

Yes, 2.0 was pretty much the beginning of all this, though I'd prefer the perspective they had when it was implemented as a command-line client. GLBSE errs: becomes less like MPEx.

FIFY. Why's the straight dope so tough to handle?

[jasinlee]

Yes, 2.0 was pretty much the beginning of all this, though I'd prefer the perspective they had when it was implemented as a command-line client. GLBSE errs: becomes less like MPEx. Random porn site with a PR agent who was to ugly to continue porn and now trolls the forums.

FIFY. Why's the straight dope so tough to handle?

FIFY. Why's the straight dope so tough to handle?

[repentance]

The little word "most" shows that nefario isnt insanely thinking that he will get all of the money back. Thats a good sign for me because he is aware that it probably will be "most" only. It could be another way... at least he made some strict decisions in the past so that one could fear that he wouldnt make a compromise here too.

He needs to define "most".  Otherwise "most" is entirely subjective and he can drag this out forever with no good reason.  It seems highly unlikely that anyone who hasn't already returned their overpayment will suddenly do so.  Whether "most" is 70%, 80% or 90%, Nefario needs to be clear about what the benchmark is and how long he intends to wait for it to be reached.  Right now, the way it looks from the outside is that he's setting it at an unrealistically high level so that he can use it as an excuse for halting refunds and continuing to with-hold information from asset issuers and their users.  It's up to Nefario to convince people that's not the case.

What is Nefario's plan if his totally arbitrary benchmark for "most" is never reached?  He needs to commit to a date after which the refund process will continue whether or not that benchmark has been reached even if it means that users receive less than the full amount owed to them.  He also needs to pass on user information to asset issuers right now there is literally no good reason for his continued failure to do that - he's intentionally created a situation where the value of that information is diminishing by the day.

Nefario is not acting in good faith.  Sooner or later his frustrated users will start acting in bad faith too and he'll have only himself to blame when that happens.

[SebastianJu]

The little word "most" shows that nefario isnt insanely thinking that he will get all of the money back. Thats a good sign for me because he is aware that it probably will be "most" only. It could be another way... at least he made some strict decisions in the past so that one could fear that he wouldnt make a compromise here too.

He needs to define "most".  Otherwise "most" is entirely subjective and he can drag this out forever with no good reason.  It seems highly unlikely that anyone who hasn't already returned their overpayment will suddenly do so.  Whether "most" is 70%, 80% or 90%, Nefario needs to be clear about what the benchmark is and how long he intends to wait for it to be reached.  Right now, the way it looks from the outside is that he's setting it at an unrealistically high level so that he can use it as an excuse for halting refunds and continuing to with-hold information from asset issuers and their users.  It's up to Nefario to convince people that's not the case.

What is Nefario's plan if his totally arbitrary benchmark for "most" is never reached?  He needs to commit to a date after which the refund process will continue whether or not that benchmark has been reached even if it means that users receive less than the full amount owed to them.  He also needs to pass on user information to asset issuers right now there is literally no good reason for his continued failure to do that - he's intentionally created a situation where the value of that information is diminishing by the day.

Nefario is not acting in good faith.  Sooner or later his frustrated users will start acting in bad faith too and he'll have only himself to blame when that happens.

I have read his blogentry the way that he went through half of the lists of users that got a double payment. So i think he is contacting them one by one and forcing them, maybe with their asset infos or naming them on the board or something like that. In a week he went through half of the list and i think in another week the rest should be done. Whatever the result will be then. I dont mind if he make the users public that keep others users money hostage. I mean thats no better than nefario keeping the asset infos hostage. These users have no right to complain. Whoever they still are.

He should of course be specific... but on the other hand... he cant be too specific because the users with double payment could think... "oh then he doesnt need my money back" or similar.

At least he doesnt claim that he expect to get everything back. And it looks like he is working on this topic at the moment. So in one week lets see what he is saying. If he is naming the users keeping the others users money hostage or whatever new infos he has.

[repentance]

So in one week lets see what he is saying. If he is naming the users keeping the others users money hostage or whatever new infos he has.

When has "let's wait a little longer" ever had a good outcome for the victims of Bitcoin enterprise clusterfucks?

[Phinnaeus Gage]

The little word "most" shows that nefario isnt insanely thinking that he will get all of the money back. Thats a good sign for me because he is aware that it probably will be "most" only. It could be another way... at least he made some strict decisions in the past so that one could fear that he wouldnt make a compromise here too.

He needs to define "most".  Otherwise "most" is entirely subjective and he can drag this out forever with no good reason.  It seems highly unlikely that anyone who hasn't already returned their overpayment will suddenly do so.  Whether "most" is 70%, 80% or 90%, Nefario needs to be clear about what the benchmark is and how long he intends to wait for it to be reached.  Right now, the way it looks from the outside is that he's setting it at an unrealistically high level so that he can use it as an excuse for halting refunds and continuing to with-hold information from asset issuers and their users.  It's up to Nefario to convince people that's not the case.

What is Nefario's plan if his totally arbitrary benchmark for "most" is never reached?  He needs to commit to a date after which the refund process will continue whether or not that benchmark has been reached even if it means that users receive less than the full amount owed to them.  He also needs to pass on user information to asset issuers right now there is literally no good reason for his continued failure to do that - he's intentionally created a situation where the value of that information is diminishing by the day.

Nefario is not acting in good faith.  Sooner or later his frustrated users will start acting in bad faith too and he'll have only himself to blame when that happens.

I have read his blogentry the way that he went through half of the lists of users that got a double payment. So i think he is contacting them one by one and forcing them, maybe with their asset infos or naming them on the board or something like that. In a week he went through half of the list and i think in another week the rest should be done. Whatever the result will be then. I dont mind if he make the users public that keep others users money hostage. I mean thats no better than nefario keeping the asset infos hostage. These users have no right to complain. Whoever they still are.

He should of course be specific... but on the other hand... he cant be too specific because the users with double payment could think... "oh then he doesnt need my money back" or similar.

At least he doesnt claim that he expect to get everything back. And it looks like he is working on this topic at the moment. So in one week lets see what he is saying. If he is naming the users keeping the others users money hostage or whatever new infos he has.

Let me see if I have this correct. Nefario is planning on publishing a list of people who scammed him. If that's the case, wouldn't his word not mean anything since his labeled as a scammer? And what stops him from adding names to the list of those who didn't scam it.

This doesn't make sense to me. In fact, I'm not paying my cable, electric, water and gas bill until the companies I overpaid last month return my funds. Here's the list of companies I overpaid:

• Verizon
• Them garbage pick up guys
• Direct TV
• Visa
• Exxon

When I get my funds back, I will pay you other guys.

Somewhere in Ireland, some relative has turned over in his grave.

~Bruno K~

[organofcorti]

.....
This doesn't make sense to me. In fact, I'm not paying my cable, electric, water and gas bill until the companies I overpaid last month return my funds. Here's the list of companies I overpaid:

• Verizon
• Them garbage pick up guys
• Direct TV
• Visa
• Exxon

When I get my funds back, I will pay you other guys.

Somewhere in Ireland, some relative has turned over in his grave.

~Bruno K~

You should probably add the IRS to that list too.

[jasinlee]

.....
This doesn't make sense to me. In fact, I'm not paying my cable, electric, water and gas bill until the companies I overpaid last month return my funds. Here's the list of companies I overpaid:

• Verizon
• Them garbage pick up guys
• Direct TV
• Visa
• Exxon

When I get my funds back, I will pay you other guys.

Somewhere in Ireland, some relative has turned over in his grave.

~Bruno K~

You should probably add the IRS to that list too.

Wow, Wish I had room in my sig for that.

[repentance]

This doesn't make sense to me. In fact, I'm not paying my cable, electric, water and gas bill until the companies I overpaid last month return my funds. Here's the list of companies I overpaid:

• Verizon
• Them garbage pick up guys
• Direct TV
• Visa
• Exxon

When I get my funds back, I will pay you other guys.

Somewhere in Ireland, some relative has turned over in his grave.

~Bruno K~

Karma could be a bitch here.  If he really is on the dole and someone gets pissed off enough to report him for possible welfare fraud then the government might decide that they've overpaid him and that they want their money back (and not just "most" of it).  Those recordings of him hyping up himself and GLBSE could come back to haunt him big time.

[JoelKatz]

I have read his blogentry the way that he went through half of the lists of users that got a double payment. So i think he is contacting them one by one and forcing them, maybe with their asset infos or naming them on the board or something like that. In a week he went through half of the list and i think in another week the rest should be done. Whatever the result will be then. I dont mind if he make the users public that keep others users money hostage. I mean thats no better than nefario keeping the asset infos hostage. These users have no right to complain. Whoever they still are.

How does that work exactly? Nefario says he paid Jack Smith twice. Jack Smith says, yes Nefario paid him some extra bitcoins, but Nefario is also holding his asset ownership interest hostage and that's worth more than the Bitcoins he's holding. He'll also say he holds Nefario responsible for breaching GLBSE's agreement to protect his ownership interest and that his damages exceed the overpayment. He'll say he's tried in good faith to negotiate with Nefario/GLBSE and failed, just as everyone else has.

So sure, Nefario could do this, but what's the point? Honestly, I'd advise people not to return any overpayments because it may be all they ever get for GLBSE betraying them. It would be different, of course, if Nefario/GLBSE were in good standing, but they're trying to get money back from their victims -- victims to whom they still owe.