@bixcoin
"We had some sort of euphoric phase where the majority of investors assumed that 1.5% weekly returns are doable in long term - an unquestionable indication that we were in a bubble that was going to burst. Nefario closing down GLBSE only shorten what was inevitable (after Pirate collapsing and taking half of the economy with him)"
Thats a quote from galambo
I find it interesting everyone who took part in this never questioned where the magic bit coins where coming from.
Every time I part took in anything shady I would get burnt.
Well, I did. Its pretty simple: The price of the stocks would continually go down and you would be paid small amount each day/week. In the end you made 1.5% interest a week but did only get back a small part of your investment. No good business, but also no big rip off because summed up you might get something like 90 to 100% of your investment.
But thats not even the question here. Its not those businesses giving out stocks that went down. I would totally understand if the stocks price is going down 99% and I did only loose there. Its my problem believing the hype and get burned by a bubble.
But what happened here is that the issuers actually do want to pay out. They just dont have any data of the former stocks owners because Nefario fucked up! He has full responsibility for that.
Besides we all participate in this IDEA of honest money called Bitcoin because government is ripping us off with inflation and then as soon as we are all off their leash we participate in these money making schemes.
Yet we always convince ourselves that its justified at the time, however if we get burned we find it always unexpected.Now to be fair I don't have skin in the game but I have been there many times. I also would not like to be compared to Jesus however he also never did like the money changers either.
Mining and selling your coins is honest money.Paying your taxes is also honest. Gambling is not honest money imo
Well, unlike you, I have no ideologic hope for the Bitcoin. I dont see it as a counterpart to inflated governemtent money. For me its just a new technology filling a gap. It might get under though because, as seen live, unregulated money attracts many bad people. Funny that you then even say the problem is the greed of the victims and not the stealing and ripping off in the first place. Letting ideology beside its simple: In any unregulated group, people do bad stuff. Thats why there always was and will be some kind of law.
Gambling not beeing honest money is really just your opinion, but if mining is ok, what about the mining funds like gigamining that were listet on GLBSE? All the assets gone under thanks to Nefario. You think its not honest to put together money for mining?