other beneficiaries, including a forum staff member who specifically benefited by ~160 shares and then offered me 0.64 BTC as a consolation (grr)
I think nedbert9 is acting like a child. He is referring me here. I'm sorry that I have to take this up to the public and I want to hear from the audience, whether I'm obligaged to do what nedlbert9 wanted me to do by the principles of Justic/Fairness and what I should do next. Is my offer to pay a 0.64BTC to nedbert9 a fair offer or am I just doing an unfair thing? I will act respondingly to what all you think.
The timeline of this drama:1) for a long time, I have 168 shares of bidding order placed at GLBSE. it's 0.085BTC/share. That's nearly all bitcoin I have in GLBSE account during that time.
2) after that, the share was being traded around 0.09-0.11 BTC/share.
3) August 23, 11PM nedbert9's account was hacked. and all his shares were dumped to the market. and my bidding order was fullfilled.
4) August 23, 11:54:33 PM, nedbert9 admitted that it was his account that had been hacked. imediately, I admitted publicly that I had bought some shares.
5) The trading price of ASIMCINER is around 0.08-0.09BTC for days.
nedbert9 did nothing.6) August 28, 03:34:01 AM, I offer a 0.64BTC payment to nedbert9 publicly.
7) August 28 12:46 AM, the price of ASICMINER jumped up to 0.0988 BTC/share.
8)August 28, 06:47:35 PM nedbert9 send me PM that he want to buy back the share. (implictly 0.085BTC per share, while the share price had already jumped.)
9)I persist that I will only offer a 0.64BTC conpensation. and nedbert9 think he was humuliated. And he accused me "benefited by ~160 shares"
10) now, As I stated in my PM reply to nedbert9, I brought this to public.
My argument:a) I think in such incidents, I should only give back my unjust enrichment. My unjust enrichment is about 0.64BTC. the caculaton is :
(0.1/112.5%-0.085)*168=0.64 BTC
0.1/112.5% is the fair price I think I have to pay.
(there were much lower offer on the GLBSE before and after the incident)
0.085 is the share price I paid to the hacked nedbert9
168 is number of shares.
Nedbert9 falsely accused me that I "benefited by ~160 shares". It 's his loss, but not my profit. I have paid 0.085 BTC/share price for them( he/hacker).
b) More importantly, nedbert9 cost me opportunity to buy the share at lower price. during and after the hack for a long time, I have only several bitcoin in my GLBSE account. If nedbert9 had protected his account well enough, I would not buy the shares from him, and I will have the bitcoin to purchase shares from the market or friedcat.
c) after the accident, nedbert9 haven't act quick enough. the price had been depressed for several days and if nedbert9 had proposed that he wanna buy back the shares quick enough I would have had the chance to purchase the share back from the market at a much lower price. However,nedbertd9 forced me to sell back the shares back to him after the price is already in a rally.
I persist that my unjust enrichment is only 0.64BTC and I should only give this amount of money back to nedbert9.
what's the right thing to do in your opinion?It's a small amount of money. Now I have sell lots of other shares. I have bought hundreds of shares @0.125 last night. I can afford what's the right thing to do. But I don't want to use a single cent of bitcoin to spoil the child.
attachment
I wanted to confirm that you are willing to sell back the 168 shares to me?
Is this right?
nedbert9,
I will give you back the unjust enrichment I got from the incident, but I am not going to sell the shares back to you. the unjust enrichment is about 0.64BTC, so I will give this amount bitcoin to you.
I can buy shares at the price 0.1BTC/1.125=0.08888889BTC from friedcat or the market around the accident. But the hacker sell the shares to me at 0.085BTC, the difference is the unjust enrichment I got.
Regards
HorseRider
You can't imagine how insulting this offer was. It would have been better if you hadn't said anything at all since now I have to deal with the theft, but someone saying they will pay me $6 after profiting $170 from the theft of my assets.
Please don't PM me and put me on ignore.
Nedberd9,
I can understand you're angry now for your huge loss. 3000 usd is not a small money even if you're in a developed country. However, Your mail is surely an insulting, but mine is not. You should not say this to me.
have you ever thought about what your own negligence cost other people's opportunity? I didn't have much bitcoin left in my GLBSE account at that time, all the coins I have used to put up that bidding wall. I like ASIC, I would like to buy as much as I could. If you had protect your own account carefully, my bidding order won't be taken down, and I would had had the money to purchase the shares when the price is lower, around 0.9BTC.
However, the theft make it impossible. the price has already had gone way up, and the opportunity is gone and I cannot buy it that cheap.
profiting $170? How do you calculate that? Wait, that's very likely the total loss from the 165 shares, but not the amount of my unjust enrichment.
I wish you could be able to control your emotion and act before thinking over it. You don't blame the theft, and don't blame yourself, but you just blame the people who put up a 0.085 bidding order which is only 10% lower than the quote price?
think about it, nedbert9. improve the security of your PC. Then you don't have to disturb the market.
It's the theft, your negligence and bad emotion which is insulting you, but not the person who evaluate his own unjust enrichment and offer to give it back to the victim. (the negligence and bad emotion are usually somehow connected. Are you one of those people?)
confirm you get the email and understand what I said. Or I will make it public to make sure that you can read it.
HorseRider
P.S. It's likely that you intentionally to misunderstand my public post which offers to give back that amount of bitcoin.
You can find the most share trading history by searching the keyword #asciminer# on the twitter.
https://twitter.com/#!/search/asicminer%20from%3AGLBSE
It's shame that GLBSE cannot give us a convinient way to get the trading history.
