Well, tough luck: be less greedy next time.
I usually like your comments but I'm disappointed at this. So creating GLBSE was an inspiring endeavor, but investing in companies listed there is greed?
Firstly: I got a bit carried away, I tend to be emotional in my morning-posts. Sorry 'bout that, guys.
No, investing too much is greed.
I didn't really mean to attack the investing itself, I had roughly BTC 450 in glbse in assets myself at one point (maybe worth 150 before the shutdown because of the decline of miners I didn't realize early enough) which I now consider to be largely worthless and on top of that unknown/lost.
What drove up my emotions was the fact that some people seem to have invested more money than they could afford to loose and now whine and threaten to use the very system we (at least I) trying to abolish or at least minimize. They put in too much because of greed and weren't prepared to let it go. They were happy to reap the high rewards but now that the high risk part plays out, they feel unfairly treated.
I can see people getting pissed if the Bitcoin balances are not returned, but we are not there yet. People will also be pissed when they find out that many asset holders didn't verify and the assets are gone.
All I'm trying to say really is probably: don't take things so fucking serious, that will just lead us back to where we already are.
I tend to think the opposite. By creating companies and taking the risk to invest in them and to trust the platform, we all made it happen. On top of that, while investing to make profit most have also invested in projects they wanted to support.
The way this thing is unfolding is terrible in every way. Yes, we should have found a better way to do business, I think everyone would agree on that at this point, but it's not entirely clear that the users have equal blame (e.g. through bandwagon effect) in this with Nefario.
SR is doing fine even though it's pretty much centralized. He was unknown enough when he created the "black market", and it could have stayed that way. If not, he could have given up the CEO status and stayed away, or at least could have pretended to. As it is, he almost willingly screwed himself and us for no reason. There is no apparent connection with what he was advocating and what's happening now.
If you're pissed off now, read this: http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/
The way this thing is unfolding is terrible in every way. Yes, we should have found a better way to do business, I think everyone would agree on that at this point, but it's not entirely clear that the users have equal blame (e.g. through bandwagon effect) in this with Nefario.
SR is doing fine even though it's pretty much centralized. He was unknown enough when he created the "black market", and it could have stayed that way. If not, he could have given up the CEO status and stayed away, or at least could have pretended to. As it is, he almost willingly screwed himself and us for no reason. There is no apparent connection with what he was advocating and what's happening now.
I had a feeling GLBSE was doomed to fail back when Nefario introduced version 2.0. I liked the interface of version one and the anonymity. Don't know what would've happened had he continued like that. I was of the impression that he would've liked to... maybe it was pressure from the new investors at that point that made them try to go legit in this half-baked way. I don't know the full story.
Let's see what will fill the void glbse has left us with.
- Colored coins and distributed bond market, smart property and that stuff is interesting, but there's still problems and we don't know how it will play out.
- A totally legit Bitcoin Stock Exchange... I'm not sure I want that
