Well that didn't last long.
By way of thanks for having received a scrapi of attention in the shape of a pretty simple case, the judges have decided to really prove themselves by means of constructing an entirely new scam through which MPEx may be defrauded. Here's how it'd work :
- Step 1 : Anonymous person sends 100 BTC to MPEx public address. There's obviously nothing MPEx can do about it, it's not like you can refuse BTC transactions.
- Step 2 : Anonymous person sues MPEx before ROTA, and pays his 10 BTC fee. If MPEx is stupid enough to respond,
- Step 3 : Court awards anonymous person 100 BTC originally sent + 10 BTC it paid as fees. MPEx ends up short 3 BTC x 3 judges = 9 BTC.
- Step 4 : Anonymous person and judges split the 9 BTC, which isn't that bad for what may well be ten minute's work. What's worse, this blueprint can be repeated literally an infinity of times, for infinite BTC siphoned away from MPEx.
Obviously I can't in good conscience allow this hole to stand. Consequently, MPEx FAQ has been altered to read
This had always been stated policy. I had erroneously thought that it may be beneficial for everyone to perhaps relax it, and at the same time promote the ROTA. I repent this sinful notion.
The total damage steming from this latest naivity of mine is 150 BTC in owed salaries which become due in December, and I will be taking as a one time charge in the MPEx financials for that month, as well as 9 BTC due now, which I will be taking as a one time charge in the MPEx financials for the current month. My time is obviously free, as it's right and proper in any self-respecting socialist state, and certainly having come up with the entire thing is not worth the mention - and that at the very best!ii
After this spectacular failure it is very much beyond me how the ROTA may be salvaged or repaired. I have taken the time to think things through but I do not see how it could be done. I feel I'd have to be insane to ever answer process from it again (and certainly irresponsible to my shareholders), and if I can't even sell it to myself I very much doubt anyone could sell it to anyone else. As best I can determine the ROTA is dead as a going concern. If anyone wishes to prove the contrary by all means, go right ahead. I for one am spent.
The exact lesson in all of this is perhaps debatable. The lesson I walk away with is that the general public has no business being involved into anything as human beings. The correct behaviour of any business, institution or corporation is to simply put up the fences in the desired patterns and shock any strays into submission. It's how civilisation is, was and apparently forever will be built.
There's periodic discussions about the dangers of cronyism and the virtues of public participation in various circles, online and off. I can tell all those people about my first hand experience with public participation : the public is lazy, the public is not interested in thinking (but always has at the ready a vast array of shockingly stupid & inappropriate preconceived notions to guide itself by). Consequently handing anything to the public should always be matched by a write-off of that thing, whatever it may be. If the thing is for instance a full steel ball you should fully expect in due time complaints about how it was a broken steel ball which meanwhile "was" lost.
I will also be taking a much more conservative approach to CSR. MPEx is currently the only Bitcoin business with such a program, and I am starting to believe it is wrong to thus waste shareholder funds. All the others are probably right, there's no S to be R to as a C.
Overall a rather bitter experience, but honestly I am thankful that this nonsense exploded sooner rather than later. At least we know how we stand.———
- It's really hard work to try and make other people matter, and as an unpleasant bonus everyone berates you for trying. Somehow it's perceived as a bad thing, I have no idea why. [↩]
- I notably do not consider the 130 BTC sum in dispute a loss, nor do I think the case at hand actually is a playout of the scam described above. That, of course, does precisely nothing to protect us in the future. At any rate I will be paying it, just as soon as the OP provides an address. [↩]