First off I would like to thank most of you guys in this thread, you opened my eyes to GAW last month, I just about exited last week with those guys, cashed out my XPY at $13 a pop. I sold all my primes, genesis’s, and all but one Zen left. As I watch Cryptsy and read this thread, I wish I could buy all you guys beers.
I am relatively new to Bitcoin, so I have a question. Does anybody have a timeline of what will happen next? Like I have never seen any of this before and am curious what happens if XPY goes to 0?
Will the authorities step in? Can you compare this to like Madoff or Enron? Of course on a much smaller scale?
Will GAW just say “Sorry guys, maybe next time?” and walk away? What normally happens?
If its DOA by the time the Miami Conference starts, do you think he will have the balls to still show up?
Like I said, this is the first time I am witnessing something like this in realtime.
No and no. Check out Mt GOX and Moolah as a precurser to learning about the prosecution of people who rob everyone blind in the crypto world. Completely different yes, but larger scams, that nobody is accountable for in the end... as it seems..... Nothing happens, they walk with loads of cash, end of story... I know that people like to think different but this is the only scenario i have seen play out since joining the community. Moral of story, if you get fucked, it's pretty much in your hands at this point. There is a chance enough people band together with $ for legal action, which results in a civil suit and doesn't put coins back in anyone's hands.