My Conversation with Mark Karpeles of MtGox
- Thread starter Jon
- Start date
Alright, alright... Despite my heavy workload right now launching something my ears caught fire today and apparently answering this thread is the only way to douce them out.
First of all, THANKS JON for posting the transcript here. It was extremely eye-opening to see that Karples is not only NOT on the lamb, but is in fact taking large doses of Valium and sitting around wondering if anyone noticed he shut down the business. Simply unbelievable.
My official opinion on this matter is that Gox is 100% dead now, and no amount of capital on earth could revive it with such a hated, incompetent nincompoop running things. The name Gox is likely too tarnished to ever float again too. I wouldn't be surprised if Karples doesn't have an 'accident' soon... You don't just do this to so many hundreds of people and walk away scott free, no matter how stupid you are.
This will be a long-running soap-opera watching people try to recover those coins. I bet they'll forever be known as "Goxcoins" and the term will become synonymous with a curse of incompetency.
"Hey Jerry, you finally get your wife pregnant yet?" "Nah, my dick is so goxcoined I stopped trying."
When are you people going to understand the Bitcoin is ANTIFRAGILE?
Anyone else get some of those low-$400 coins? Yummy.
Andreas had a lot of good points on the matter in this post:
Statement on Mt.Gox | Andreas M. Antonopoulos
Watch this Bloomberg inteview with Eric Voorhees, who lost over a hundred coins on Gox:
Is the Boom Over for Bitcoin?: Video - Bloomberg
That's just how bitcoiners roll, bro. The most common attitude you'll find among us.
Yep, it's called the blockchain.
First of all, THANKS JON for posting the transcript here. It was extremely eye-opening to see that Karples is not only NOT on the lamb, but is in fact taking large doses of Valium and sitting around wondering if anyone noticed he shut down the business. Simply unbelievable.
That bit made my eyes roll so hard they still hurt. All the pieces are coming together now and they paint Karples as the most incompetent idiot on the planet. Mr. Bean would be jealous.
My official opinion on this matter is that Gox is 100% dead now, and no amount of capital on earth could revive it with such a hated, incompetent nincompoop running things. The name Gox is likely too tarnished to ever float again too. I wouldn't be surprised if Karples doesn't have an 'accident' soon... You don't just do this to so many hundreds of people and walk away scott free, no matter how stupid you are.
This will be a long-running soap-opera watching people try to recover those coins. I bet they'll forever be known as "Goxcoins" and the term will become synonymous with a curse of incompetency.
"Hey Jerry, you finally get your wife pregnant yet?" "Nah, my dick is so goxcoined I stopped trying."
Um, Not quite. It's come back $200 since then. Lulz.
When are you people going to understand the Bitcoin is ANTIFRAGILE?
Anyone else get some of those low-$400 coins? Yummy.
Well, to be fair, we don't know how lost they are. His extremely shoddy program that he falsely called his "Cold storage" was apparently leaking the coins he claims to have lost though TxMal. So the question comes to mind; where'd they leak too? I don't think this was hacker theft; not on that level. (If it was he would have reported the theft a year earlier!) Sounds like some theft was going on here but it'll be hard to prove.
Andreas had a lot of good points on the matter in this post:
Statement on Mt.Gox | Andreas M. Antonopoulos
No we don't. The media created that snippet, not bitcoiners.
Watch this Bloomberg inteview with Eric Voorhees, who lost over a hundred coins on Gox:
Is the Boom Over for Bitcoin?: Video - Bloomberg
That's just how bitcoiners roll, bro. The most common attitude you'll find among us.
Yep, it's called the blockchain.
If a cartel (Bitcoin Foundation) ends up bailing a problem firm (Mt Gox) in the interest of maintaining stability and confidence in the [Bitcoin] economy I am going to laaaauuuugh.
The Bitcoin Foundation has no responsibility or reason to bail out failing businesses. Saving Mt. Gox would not instill neither stability nor confidence in the economy. You clearly don't know what you're talking about.
That's one hell of a camel toeI bet Mark Karpeles is just sitting back and counting his money.
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not sure, if the mossad comment was a joke,
but these guys manipulate, strong arm ipos, exchanges and equity markets badder than anyone else.
i wonder though, if it's gone, and you can't trace it maybe he did take it?
or is it easy to trace the transactions with the blocks.
sorry if these are stupid questions, I've been looking at bitcoin with lots of interest, not for speculation
but because anonymity and independence is extremely attractive, another fail safe.
but these guys manipulate, strong arm ipos, exchanges and equity markets badder than anyone else.
i wonder though, if it's gone, and you can't trace it maybe he did take it?
or is it easy to trace the transactions with the blocks.
sorry if these are stupid questions, I've been looking at bitcoin with lots of interest, not for speculation
but because anonymity and independence is extremely attractive, another fail safe.
I was being facetious which is why I quoted that SNL skit and used that gif. Perhaps I wasn't clear enough.
I find it extremely hard to believe the story that 740,000+ btc was stolen over a period of a couple years and they failed to notice. That does not happen. The Japanese financial services authority was going over their books every month. They would have had to be intentionally covering things up, and very well.
It doesn`t add up. There must be more to this.
Yep. Anyone who buys the "we didn't notice until about a month ago" excuse is a gullible idiot.
They lost over 6% of all BTC in circulation. That's not a "whoops".
There have been massive withdrawal delays for probably a year now. You'd wait months to withdraw USD/EUR. That's no accident.
Don't worry guys.
Mark is hard at work hunting down the ninjas that swiped your bitcoins.
We all had to begin somewhere.
Just checked this out. Looks like an interesting book. Might have to buy it. I've been meaning to read his "Fooled by Randomness."
Back the bus up for a second...
There are 2 different amounts on the table. The 740+k (6% of existing bitcoins) is how much coin Gox has in total. No one, including MK (so he says) has access to those 740+k coins right now, which is why he halted trading and subsequently shut down the site.
We don't know the amount (yet) that was leaked or skimmed through the TxMal exploit over along period of time. That's a whole separate matter, and I've seen no reason to suspect it was anywhere as large as the entire holdings.
It's a clusterfuck though. At this point I wouldn't be surprised if he's in Fiji building a Bond Villain HQ with those coins...
We can't trust a word that damn fat frenchie says so we might never know how much he lost, or stole, and when which coins got stolen. (By hackers or by him.)
State's gonna state.
Note what the market gave no shit about this announcement.
