I've gotten a lot of hate from people who've blamed me for Bitcoinica, convinced I'm to blame. Maybe now you'll all understand. Here's some basic facts.
Englishman saying "gotten" ಠ_ಠ
Coinlab were the investors behind Bitcoinica. Tihan Seale and Peter Vessenes founded Coinlab together. Tihan bought Bitcoinica and Coinlab was involved from the beginning. Patrick Murck filed the legal papers on behalf of Bitcoinica investors.
We were given fake shares in a fake company. The deal was to contract us to work on Bitcoinica. The site had been losing money for months and had huge security problems. A new company was formed to handle that agreement.
After the first compromise, despite huge problems in the setup and design of the website, they wanted to put it back up as fast as possible. I was against this strongly which is why I released the code. After an employee used this as an excuse to steal more funds (the evidence is definitive), they were upset more over the loss of the 'Intellectual Property'.
You had no right to do that, it was a massive mistake.
They scapegoated me. They wanted no liability and refused to help us complete the job for them. All the emails are public on this forum (I released them) as proof. Donald kept asking to speak to their superior but they refused.
I never had access to money or any servers. I was a programmer working on the hedging algorithm.
IIRC there were keys in the sources that actually led to the loss of funds. Something about Lastpass. You should remember better than me, I didn't even have any funds in Bitcoinica.
They are sneaky, and play dirty tactics. Tihan is a manipulative sociopath.
We had run Intersango, the biggest UK exchange for 2 years without any problems doing 2 million GBP turnover annually. The site has been closed down (due to UK bank problems) paying everyone back and we experienced no security flaws during its history. I had no reason to deliberately cause Bitcoinica users any harm, and if you actually go and study the evidence on the forums, you'll see I acted in all of your best interests.
Except when you broadcasted thousands of email addresses.
When everyone ran off, a programmer was told he was now acting CEO of a defunct company that never was formed and had to make executive decisions despite having no technical control or access to anything. Do you know how fucking absurd this is? Then to be told by many different parties conflicting things to sign for their personal interest and get blamed for that.
These are facts, and every point can be proven.
You may have some points, and you may be right about Seale/Vessenes but your credibility runs really low for a number of reasons. You "could care less" about giving Roger Ver's money back since he's rich anyway, you are a squatter and shoehorned politics in the conference, etc etc.
But yeah, they do seem sneaky and you really seem to have been Zhoutonged in the Bitcoinica deal which you guys should never have taken (and it was quite obvious, you had a business to deal with back then).
Where's Nefario, by the way?
