My Conversation with Mark Karpeles of MtGox
- Thread starter Jon
- Start date
Borat Sagdiyev
New member
oooh not sure how its gonna turn out for Mark, but my butt hurts just thinking about it.
I believe there's a vacated house in Abbottabad Pakistan that he may be interested in.
Was he at a hearing today in Tokyo? Did he say anything new or interesting?
Has he said how he lost the coins yet? Was it the transaction issue or was it something else? I read a comment somewhere saying they thought it was a technical issue where he lost the key to the cold storage or something like that.
Has he said how he lost the coins yet? Was it the transaction issue or was it something else? I read a comment somewhere saying they thought it was a technical issue where he lost the key to the cold storage or something like that.
"We are a group of people who have lost considerable funds on MtGox, due to Mark Karpeles’s completely irresponsible actions."
Well, that sounds legit enough for me! A private whois registered domain hosting a non-ssl site asking for personal information...
lol, reminds me of the movie matchstick men where the con-men would show up posing as the cops asking the victims to sign a form to completely wipe them out. Seriously who the fuck is that? could be hackers or anyone else for that matter, just fishing for clues to go after wallets or whatever else they can gather no?
Very good read for those that are skeptical of Bitcoin:
TechCrunch - What's not being said about Bitcoin
TechCrunch - What's not being said about Bitcoin
That's a pretty big "editor's note".
Not saying his argument isn't solid, but just that if anyone's going to defend Bitcoin...
No this means dumber money can remain delusional for longer periods of time.
Most people who got the drift already got out after the $1200 high. You won't find enough fools to keep propping it up for very long...
The dynamic is not different from any other bubble pop...
The problem is that "people who want bitcoin to be successful" had to be willfully ignorant to not see it coming
Right, I knew that was gonna be brought up.
But on the flipside...
The article is posted by developer that helped build a successful company (AirBnB). Leaving it to dedicate the next few years of their life to work full time on Bitcoin related technology says something.
Its also from a company that just got investment funding from 3 of the top 5 Venture Capitalists in Silicon Valley.
see: Andreessen Horowitz - Wikipedia, the free encyclopedia
and http://en.wikipedia.org/wiki/Fred_Wilson_(financier)
When the people that invested early in Facebook, Twitter, Skype, Pinterest, AirBnb, and Tumblr are putting their dollars in a company, it gets my attention.
That was mostly Copypasta, phaggot.
Just because you haven't seen the good news doesn't mean it doesn't exist.
Why don't you lecture us on quantum mechanics in the 9th dimension next? You know exactly the same amount about both topics.
And the good news for average joe is: one of the biggest, oldest BTC exchanges gets out of business... 100s of millions of dollars are just 'nowhere to be found'... 6% of all BTCs are 'nowhere to be found'... seems legit.
Seriously, all the good news you're referring to are worth shit compared to what happened with mtgox. All people will remember for quite some time is that a major player went out of business, a huge part of ALL BTCs seems to be gone and a loss of 4xx-5xx millions of dollars is explained by 'sorry bros'.
After all the shit hits the fan, a statement like
isn't exactly what people expect or hope to see...
If someone steals my guitar today, and it's worth £400, then 100 years from now it goes on to be worth £500k because it's a collector's item, have I lost £400, or £500k?
The $300-$500m figure is meaningless. That's the current value of the coins, not what they were worth at the point they were stolen.
It looks like coins were lost over a period of years, which means the true value of the loss in fiat terms needs to be amortised. If 100,000 BTC went missing at $0.01 per BTC, Gox could easily pay out to people selling at that point for $1000, as an example.
The true figure is likely in the tens of millions, not hundreds.
Were you around last time Mt. Gox caused a price crash?
It doesn't matter what happens or doesn't happen to Gox today. Bitcoin doesn't need and doesn't rely on Mt. Gox like it might have a year or two ago.
the biggest takeaway for me wasn't that mt gox went under or the value of capital lost, it was that when the curtain pulled back, "mt gox" was just some goober with a cat on his desk and no infrastructure.
so for the forseeable future, every time i think about investing in any BTC exchange, that's who i'm going to picture running it. that's a big problem.
The bears that give Luke shit here are just ignorant. Take all the emotion out of it.
The price is the price is the price.
Luke did an amazing job of getting that list together of the negatives.
I am in agreement that this held up extreamely well but of course there are challenges and risks. No risk, no return.
The price is the price is the price.
Luke did an amazing job of getting that list together of the negatives.
I am in agreement that this held up extreamely well but of course there are challenges and risks. No risk, no return.
Depends, it's more like you pay a storage company to look after your gold. A year in, the gold gets burgled. 10 years later, all the gold in the US is turned into Mercury in some bizarre freak accident, the price of gold skyrockets, and you come to the storage company to collect your gold and they go "oh, we lost it lol". I can't see a fair valuation of the loss being the time of the theft, that would only be the case if customers were told right away, keeping it a secret would be a hedge otherwise, if it goes up, no big deal, if it goes down, you make a profit.