Topic: Nefario - page 29. (Read 198705 times)

I hope Nefario would read the previous posts. If he cannot return the bitcoin and asset information, he cannot return back to his normal life and move on. There will be lots of people after him.

I don't think what happened is easy for Nefario. 8000 bitcoin is not a big money worth destroying one's reputation, and he almost pissed off the whole community. We all remember that once upon a time what kind of trust Nefario has in this community.

Nefario is already paying price for what he has done.

Hope that he will do the right thing as fast as possible, for his own and community's good.

The funds which nefario has been returning to users are supposed to be user funds held by GLBSE, not funds held by the asset issuers.  None of the shareholders have suggested that GLBSE didn't have all the user funds it should have.  At the time GLBSE was closed the shareholders believed that GLBSE had user funds on hand plus some reserves of its own.  To the extent that there's a short-fall, it seem to have been caused only by nefario's overpayment of some people and if the majority of those coins have been recovered there is no reason whatsoever to delay resuming repayments.  There has never been a good reason to delay releasing the information needed for asset issuers and their users to communicate with each other until after the repayment process was completed.

A series of bad ideas becomes indistinguishable from scamming when you're literally announcing publicly that everything you're doing is legally fine and that representation is based on absolutely nothing because you haven't even bothered to seek legal advice before making publicly making that assurance.  Refusing to hand over the information needed for users and asset issuers to communicate with one another is just grand-standing and the delay in handing it over may even render that information useless.  nefario is absolutely responsible for the consequences of that decision.

People aren't going to try to sue nefario.  What they're far more likely to do if he continues to piss them off with his "fuck you" attitude is draw his activities to the attention of the very authorities he was hoping to avoid getting scrutiny from. 

From what I understand nefario only had a couple thousand BTC in his wallet and the majority of the BTC was passed through to the asset issuer. Unless you have proof otherwise, I doubt there will be enough assets to recover from nefario to sue for in any court.

Please keep in mind that nefario taught english in China, tried to vacation in the US and got denied by customs, and worked on a low salary as a sacrifice to the Bitcoin community. Even if most of the people he serviced were scammers (the issuers of GLBSE stock), personally I don't see him as a scammer. He was someone who had a series of bad ideas.

Also try to keep in mind that he has a family who he is responsible for during all this mess, and I doubt that was easy. I wish nefario the best as he reestablishes his programming career. He may find his idea of establishing a legit bitcoin stock market is impossible, and has to return to the corporate work world.

I think James should stop using any remaining unreturned funds as an excuse for not putting asset-issuers and their users in contact with one another.  until he does that, he has no credibility whatsoever.  He's hardly in a position to take the moral high ground over unreturned funds when he's the one who is holding information which has nothing to do with his overpayment fuck-up hostage.

And if 3/4 of the overpayments have been returned then GLBSE should now have sufficient funds to make the remaining payments - they can do it out of the already returned overpayments and their own reserves.  James is the one trying to pressure people, not the reverse..  He is the one who loses if those funds aren't returned because there'll be no funds left to pay his salary/lawyer/weed bill/whatever.  He's acting out of pure self-interest here.

Naming and shaming people who haven't returned over-payments doesn't prove that they are holding the money of other users.  Nefario could only prove that by giving a complete financial accounting of BTC on hand and amounts still owed to users and I doubt there's anyone here who would trust any numbers he published because there's absolutely no way to verify them - he's not even letting the other shareholders verify what he's doing and could be paying his friends triple what they're owed for all you know.

All Nefario's SuperSekrit Stalled Until Further Notice repayment plan is likely to do is piss people off enough that they'll rain down upon him the very kind of legal problems he hoped to avoid by closing down GLBSE in the first place.

I think LG has a point here. There is absolutely no reason to trust Nefario. I'll be glad when this all wraps up. He sure is taking his sweet time.

I wonder why anyone should take your post seriously considering there is nothing with proof and wasn't theorised on the go as you wrote.

Tin foil much?

At least asicminer didnt get their money yet friedcat says. And its probably not a small amount. I wonder whats the amount of btc already paid out and what the initial amount was that had to be paid out.

I didn't but there are people with balances much higher than mine owed.

Wait what? There are people who haven't being paid?

I got my coins...

Didnt know that. At least it would be a wise move to pay some trustworthy members because the others believe them. So he can buy time.

+1

Interesting, I read somewhere that he has already received 3/4 of double payments back. Loup says he only paid 10% so far, so that means that he "only" lost about 2.5% of the total money that GLBSE was holding for its customers. Correct me if I'm wrong.

There is no reason I can think of, why this loss would have to stall the whole process.

Whether an eventual loss is going to be made up by James McCarthy or by the whole GLBSE team is their business.

The only reason I can think of why he is stalling for weeks now is that he is an arrogant lowlife. I cannot imagine why at this point there are still people who do not want to stick a huge pole up his ass, unless he likes it, in which case there would be other options. I am willing to give advise through PM.

Sebastian- with all due respect, you are wrong. James has made token payments of less than 10% of the cash value that is owed out there, and has now conceived this convenient "double payment" storyline to cover for why he is not taking further action. He is just trying to find the balls to make off with the rest and deciding if it is enough to live a life on the run. The only name that matters is James McCarthy. Who he may have sent payments to or not is irrelevant and not an excuse for holding anyone's money. Just as it is equally wrong for the other GLBSE/BitcoinGlobal owners to hold the money that they have and not make refunds with it.

Pirate did repay a few people back within a couple weeks of "closing up." There's not much hard evidence aside a few people claiming they were repaid, some of them pretty trustworthy. I'd assume it was meant to boost confidence and buy extra time before lawsuits were filed.

Because he already did?

And nefario isnt like pirate. He already paid a good bunch of money back. I never heard that pirate did this or any other scammer. It would hurt their scammearnings. So nefario isnt a scammer of this kind. He only handles this all not very well. If he really would be a scammer the only earning he could have get would be the user money lying on glbse. But he paid back already a good part. The assets are of no worth to him. So no earning from there too.

I think nefario should name the guys that hold the money not theirs but are from other users. Keeping other glbse-users money isnt showing the best character. And they should at least now know that keeping it will in no way put pressure on nefario. Its not his money so...

Zhou Tong, Pirate, Nefario... Why someone expects they r interested in replying on this forum?

Cool... i dont get angry... no... i DONT GET ANGRY... ... ... *cough*... im silent... silent... 10... 9...

More stalling, denying responsibility and ignoring customers:


What a lowlife.

Next day is gone... nothing happened... nefario... what are you doing at the moment???

no email in my spam folder

my post was saying just that. Stop talking about laws within an illegitimate business. What people refer to "illegal" in most cases are applied to legitimate businesses. At this point we talk about moral values. And if you wanna talk about illegal, talk about the fact of opening that business... which honestly, no one really minded when it was profiting them and they had nefario as their scapegoat