There's a lot of defensive types lashing out with words like "idiots" and "morons", spruiking their lines like they're the only people entitled to a viewpoint.
Let's put things in perspective, in the regulated investment world when funds lose substantial amounts of investor monies there is often public outcry, certainly bad publicity, usually accusations of incompetence or malfeasance, sometimes lawsuits and occasionally criminal or civil penalties. I don't care if anyone likes it or not, but I'll advocate the view that existing regulation over fiat investments needs to extend across crypto-currency investments. I don't like thieves, scammers, swindlers, ponzi promoters, lairs, blowhards and one-eyed verbosity merchants. Regulation isn't a magic wand to fix all ills, but it puts a framework in place that elevates transparency and accountability and that helps both the fund operators and the fund investors.
While it's interesting that the majority of people putting the boot into the OP from the earliest pages of this thread appear to be competitors or others who jumped on the troll train, those commenting over the last few pages are those that lost money. In case you've skimmed my previous remarks, I exited this fund rapidly after it started dropping, I'd do the same for stocks, futures or currency while trading and with increases elsewhere in the bitcoin 'investment' environment I had a net gain on my overall position, so I don't have any particular axe to grind, I certainly didn't report anyone to the regulator but I did comment on the fact that allegedly others did report and I made subsequent contextual comments about the lack of bitcoin regulation in Australia.
There's a dichotomy between those that are happy for bitcoin to live in the shadows with the criminal element pervading and those who'd prefer to see bitcoin become more mainstream. The currency cannot live on the horns of a dilemma between prohibition and regulation forever. Maybe we can call it 'growing pains' but it doesn't take a genius to work out that with the all-pervasive narrative that's driving tax treaties globally, the regulatory environment isn't going to be opaque forever, so whether you're an investor or a promoter, it doesn't matter whether you like it or not, but the law is coming, sure as John Wayne rode round the hill, rifle in hand, sheriff badge pinned to his chest, FATCA Act in his saddlebag.
I'm sure many operators will make an easy transition to a more regulated environment and the better ones will find increasing support from investors who recognise those fund manager's duty of care over their investments and their ability to translate this into positive investment returns. There's other players who already aren't finding the march of regulation to their liking and for one reason or another, they've lost the faith of investors, been forced to close their doors or absconded before the law closes in.
So all-in-all, with investment losses and regulatory pressure on business practices, it's not surprising that some people are getting hot under the collar.
