This prove that Mtgox is a scam.
nooooo! all legit:
http://www.coindesk.com/mt-gox-used-client-money-operations-extravagances-allege-staff/
You never know what Mark Karpeles has up his sleeve
Topic: 200,000BTC found by MtGox - coincidence? (Read 1266 times)
nooooo! all legit:
http://www.coindesk.com/mt-gox-used-client-money-operations-extravagances-allege-staff/
You never know what Mark Karpeles has up his sleeve
This prove that Mtgox is a scam.
nooooo! all legit:
http://www.coindesk.com/mt-gox-used-client-money-operations-extravagances-allege-staff/
This prove that Mtgox is a scam.
You can't really say that, there would be always a chance that it could be a coincidence. You never know.
This prove that Mtgox is a scam.
I don't get why this thread is not getting more attention. It appears Karpeles is following a plan to deceive the customers once again after running off with millions of dollars of wealth and there's 3 replies!?
+1
It got some attention @ reddit
http://www.reddit.com/r/Bitcoin/comments/210c8y/so_i_was_reading_the_mtgox_crisis_draft_again/
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Yes, and it all coincided with Bruce Wagner disappearing all of a sudden. Hell, the last time he was online was almost a year ago. I know he had 25,000 bitcoins on mybitcoin which he "claims" he lost.
I don't get why this thread is not getting more attention. It appears Karpeles is following a plan to deceive the customers once again after running off with millions of dollars of wealth and there's 3 replies!?
They keep "finding" coins. I'm not sure what we've to think about them.
All I know is that I stay far, far, far away from MtGox. I do this since I joined the Bitcoin Community, and I'm glad doing that has saved me a lot of money.
All I know is that I stay far, far, far away from MtGox. I do this since I joined the Bitcoin Community, and I'm glad doing that has saved me a lot of money.
...
MtGox is not the first exchange were owners claimed they were robbed, ran with the money and later gave the victims part of the money back:
Quote
According to an anonymous high-profile source, the first and original bitcoin scam was the online coin wallet Mybitcoin.com. People would deposit hundreds of thousands of coins there, as the currency was new and hundreds of thousands of coins weren’t yet worth a lot.
Then, on July 29, 2011, the site went blank, just like the Gox website did. People panicked and gradually accepted a catastrophic loss of funds.
On August 11, 14 days later, the site came back online and declared – just like Gox – that they “had been hacked”, had filed for bankruptcy protection, just like Gox, but “had managed to recover” 49% of the funds. People could fill out claim forms to recover these funds – 49% of their original balance. As this was enough time for most people to internalize the loss, they were happy again at the sudden windfall; things suddenly weren’t as bad as they had seemed. In the meantime, the anonymous person who ran mybitcoin.com disappeared with a huge amount of money, according to the source.
In other words, the scam cynically exploited people’s loss and grief to actually make them happy when they got something back. Most “hacks” of bitcoin sites since then have actually been copycat scams of mybitcoin.com, again according to this source. - See more at: http://www.dailytech.com/Bitcoin+King+Pt+II+Mt+Goxs+Dictator+Karpels+Proves+Tragically+Flawed/article34452.htm#sthash.upwWVHJk.dpuf
Then, on July 29, 2011, the site went blank, just like the Gox website did. People panicked and gradually accepted a catastrophic loss of funds.
On August 11, 14 days later, the site came back online and declared – just like Gox – that they “had been hacked”, had filed for bankruptcy protection, just like Gox, but “had managed to recover” 49% of the funds. People could fill out claim forms to recover these funds – 49% of their original balance. As this was enough time for most people to internalize the loss, they were happy again at the sudden windfall; things suddenly weren’t as bad as they had seemed. In the meantime, the anonymous person who ran mybitcoin.com disappeared with a huge amount of money, according to the source.
In other words, the scam cynically exploited people’s loss and grief to actually make them happy when they got something back. Most “hacks” of bitcoin sites since then have actually been copycat scams of mybitcoin.com, again according to this source. - See more at: http://www.dailytech.com/Bitcoin+King+Pt+II+Mt+Goxs+Dictator+Karpels+Proves+Tragically+Flawed/article34452.htm#sthash.upwWVHJk.dpuf
This is from leaked crisis strategy draft page 7:
Part 1: To reduce liabilities
The stakeholders of MtGox are not the owners, but everyone in Bitcoin. This is sad but the reality. The current situation will negatively affect everyone who owns or operates in Bitcoin. We will need to inject fresh coins inside the system in order to establish a basis to eventually clear the books by running the exchange (perhaps 200,000 coins). The costs of not doing so are incalculable at this stage.
Part 1: To reduce liabilities
The stakeholders of MtGox are not the owners, but everyone in Bitcoin. This is sad but the reality. The current situation will negatively affect everyone who owns or operates in Bitcoin. We will need to inject fresh coins inside the system in order to establish a basis to eventually clear the books by running the exchange (perhaps 200,000 coins). The costs of not doing so are incalculable at this stage.
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