Bitcoin Forum
November 23, 2017, 03:32:30 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: removed  (Read 8093 times)
genjix
Legendary
*
Offline Offline

Activity: 1232


View Profile
May 20, 2013, 12:13:15 PM
 #21

This post is by Donald. This whole thing caused him a lot of stress and paranoia.
1511451150
Hero Member
*
Offline Offline

Posts: 1511451150

View Profile Personal Message (Offline)

Ignore
1511451150
Reply with quote  #2

1511451150
Report to moderator
1511451150
Hero Member
*
Offline Offline

Posts: 1511451150

View Profile Personal Message (Offline)

Ignore
1511451150
Reply with quote  #2

1511451150
Report to moderator
1511451150
Hero Member
*
Offline Offline

Posts: 1511451150

View Profile Personal Message (Offline)

Ignore
1511451150
Reply with quote  #2

1511451150
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
DarkEmi
Full Member
***
Offline Offline

Activity: 223



View Profile
May 20, 2013, 01:41:31 PM
 #22

MTGOX simply needs to know the account names,  and passwords to turn over the funds to the liquidators.
Patrick Strateman is refusing to provide this information to MTGOX / The liquidators.

Care to do something about that anyone ?

ProProfi.com
The first home improvement service cryptocurrency project
ICO | Discuss on Forum
MemoryDealers
VIP
Legendary
*
Offline Offline

Activity: 1031



View Profile WWW
May 20, 2013, 02:59:43 PM
 #23

removed due to 'request' and lack of significant interest

More lies from someone involved with the Intersango trio.

repentance
Hero Member
*****
Offline Offline

Activity: 840


View Profile
May 20, 2013, 10:37:32 PM
 #24

This post is by Donald. This whole thing caused him a lot of stress and paranoia.

Amir, why did Donald remove the post?   The comment about lack of significant interest just sounds childish.  Not everyone sits online all day looking for new information related to Bitcoinica and it was a huge information dump which many people would want time to digest before commenting.

Perhaps even more importantly, Roger openly said in this thread that Zhou has some explaining to do.  That's a massive step forward.  It's the first time any of the Cartmell plaintiffs have publicly acknowledged that someone other than the defendants may have had a role in the loss of their funds and I commend Roger for doing that.  Even Jesse has recently suggested a willingness to entertain the notion that you guys were not solely responsible for the Bitcoinica clusterfuck.  

I get that you believe people are acting in their own best interests, and I share that belief (of course they are, that's what VCs do).  We may have reached the point where their best interests (which don't include obtaining judgements which are effectively unenforceable), your best interests, and the best interests of average Bitcoinica users are starting to converge.

The person in all of this who gets to assign blame is the liquidator.  If you want vindication, then you need to start communicating with the liquidator.  If you have evidence that Zhou perpetrated thefts from Bitcoinica, you need to give it to the liquidator.  If you have evidence that Wendon engaged in management activities which were not "safe harbour" activities during the time it was a limited partner of Bitcoinica LP, you need to give it to the liquidator, if you have evidence that material information about the true financial state of Bitcoinica was with-held from the general partners, you need to give it to the liquidator.





All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
tseale
Donator
Newbie
*
Offline Offline

Activity: 18


View Profile
May 21, 2013, 02:08:40 AM
 #25

Repentance, you have consistently been a bastion of reason here and I commend you for that.

I'd humbly ask you allow for the possibility that start-up investors, VCs and otherwise, do sometimes act outside own best interests. I do this work -- when I could do anything -- because I like helping young companies.  Maybe it’s selfish because I used to be them.

I don't do this because I enjoy 1) breaking up squabbles among children, 2) watching disaster unfold in slow motion, 3) grinding through legal red tape to clean up the mess, 4) enduring a (botched) character assisination for my troubles.

I will get -nothing- for having entered this bloody fray, and you know well what I have risked to do so.  I will not see a second of my life back or a single satoshi. But by God the customers will.

At the end all anyone will remember is: Bitcoinica. Bad. Wasn't that Tihan guy involved?

I accept this as the cost of doing the right thing and I'm not asking any favors. But it'd be really nice if you'd consider assuming the best, for just one second, before assuming the worst.

repentance
Hero Member
*****
Offline Offline

Activity: 840


View Profile
May 21, 2013, 05:30:04 AM
 #26

I'd humbly ask you allow for the possibility that start-up investors, VCs and otherwise, do sometimes act outside own best interests. I do this work -- when I could do anything -- because I like helping young companies.  Maybe it’s selfish because I used to be them.

I don't think it's selfish (god knows there's a hell of a lot of Bitcoin businesses which won't survive without mentors) but I do believe that it's led more than one investor in the Bitcoin world to make toxic investments they might not have made on a purely financial basis.  It's a bit like the dotcom era in that everyone wants to discover the next wunderkind, there's a lot of nebulous enthusiasm floating around, and a lot - perhaps the majority - of apparently promising deals will go sour before this relatively new sector stabilises.

I doubt there's anyone associated with Bitcoinica who wouldn't make at least some different decisions given the chance.  Nobody set out to find themselves in the situation they're in now - not you, not Amir, not Patrick, not Donald, not Jesse, not Jed, not Roger, not Brian, and certainly not average Bitcoinica users.

I don't believe for a minute that any of the funds stolen in the MtGox intrusion would have been recovered without your intervention, and you're right that it required non-trivial risk on your part. Hopefully the recovered funds will eventually be released to the liquidator for distribution to Bitcoinica creditors but right now even that remains unfortunately uncertain.

I think what many people find frustrating about this whole debacle is that while the individual decisions made by the various players throughout this drama are understandable in isolation, they have combined to produce an outcome in which everybody loses.  It's now a hopelessly adversarial situation which benefits no-one and in which the various parties are all equally convinced that they are "right".

I'm not going to argue that it's somehow immoral for VCs and other investors to act to protect their positions when things go wrong - few would live to invest in high risk ventures another day if they didn't.  And it's not "the worst" when they do so.  People might perceive it as somehow more personal, but it's not like more mainstream funding sources don't do the same thing every day of the week.

In business, as always, you're as popular as your last success or your last failure.  While it's true that everyone associated with Bitcoinica is currently tainted by that association, we can all cite business people who've had far bigger failures and returned triumphant.  Bitcoinica will one day be a footnote and nothing more.  It's only going to define those associated with it if they let it and if they never go on to do anything more successful - and you all have plenty of time left for more successful ventures in the future.

I think that everyone just wants this to be over and everyone is extremely frustrated that there's little they can do to bring the Bitcoinica drama to a close.  It seems like it's been dragging on forever even though it's only 12 months since the Rackspace intrusion and just over 6 months since Bitcoinica was put into liquidation.




All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
May 21, 2013, 06:08:28 AM
 #27

removed due to 'request' and lack of significant interest

Cool. Here's the original post for posteriority: http://pastebin.com/niHFwZRe

Slimy worms you people are, seriously now.

This post is by Donald. This whole thing caused him a lot of stress and paranoia.

Yes dear, we know. Fuck off back to your hole, scamface.

Amir, why did Donald remove the post?

Because his special pleading failed, and rather than come out with a more honest and more productive "I failed yet again at this trying to pretend thing I do" he prefers to pretend that it never happened. There's excellent reasons usagi is the poster child for the old school Bitcoin folk.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
ninjarobot
Hero Member
*****
Offline Offline

Activity: 757


Mine Silent, Mine Deep


View Profile
July 27, 2013, 05:51:41 AM
 #28

Wow. I completely missed this thread. Kudos to DarkEmi for salvaging the OP.

Note: I made another copy (with some formatting improvements) here.

Also, although I don't agree with everything in Donald's post - I do appreciate the time and effort he put into this.

The timeline and references are very thorough and I'm happy he is finally letting his voice be heard.

Now please help the liquidator liquidate this thing so we can all leave it behind us. Please.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!