[2014-03-23] Goxxed again: The new mystery of MTGOX bankruptcy

kroleg

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Quote from: devphp on March 23, 2014, 08:26:34 AM

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.

Totally agree! Let's forget about MtGox except not to forget the lessons we've learnt

LiteCoinGuy

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In Satoshi I Trust

Quote from: Bit_Happy on March 25, 2014, 07:30:57 PM

Quote from: Noruka on March 24, 2014, 05:29:10 AM

nobody "loses" 116 million worth of bitcoin and then randomly refinds them. He was planning to steal them and when people were digging deep he realized he wouldnt be able to get away with stealing them slowly over time.

If the above is true, then he seemingly has control over the other ~600,000 BTC.
Doesn't that make sense?

yep, i guess he still owns them:

http://www.coindesk.com/today-gox-police-case-coin-rumors/

goxxxed again Tongue

howardb

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Quote from: Bit_Happy on March 25, 2014, 07:30:57 PM

Quote from: Noruka on March 24, 2014, 05:29:10 AM

nobody "loses" 116 million worth of bitcoin and then randomly refinds them. He was planning to steal them and when people were digging deep he realized he wouldnt be able to get away with stealing them slowly over time.

If the above is true, then he seemingly has control over the other ~600,000 BTC.
Doesn't that make sense?

No it doesn't. The current conspiracy theorists allege that he realised he had a whole bunch stolen due to his own incompetance, and realised the company would not survive so decided to take the rest himself and blame it all on the original theft. Astute lawyers on the Canadian class action traced what appeared to be a large part of the money being washed through thousands of wallets, this may have caused him to realise he was not going to get away with it, hence the "oh look, i've just found 116 million in this account we thought was empty"!! yeah rightttttt...

Bit_Happy

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A Great Time to Start Something!

Quote from: Noruka on March 24, 2014, 05:29:10 AM

nobody "loses" 116 million worth of bitcoin and then randomly refinds them. He was planning to steal them and when people were digging deep he realized he wouldnt be able to get away with stealing them slowly over time.

If the above is true, then he seemingly has control over the other ~600,000 BTC.
Doesn't that make sense?

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: TraderTimm on March 23, 2014, 12:59:41 PM

Mark shouldn't be let near anything that handles Bitcoin ever again.

Frankly, I'm surprised someone hasn't hunted him down and beat his private keys out of him.

there is still time for that Grin

T.Stuart

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One Token to Move Anything Anywhere

Quote from: ?? on ??

Quote from: devphp on March 23, 2014, 08:26:34 AM

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.

No, people need to learn from the mistakes made regarding MtGox.

The major impact is over, and as time goes on, the impact Gox can have on the exchange rate dwindles to nothing.

The Bitcoin exchange rate is hardly hurting... it's correcting from an extremely steep increase. This should be expected.

+1

What happened with Gox has actually stabilised my noobishly optimistic view of the Bitcoin ecosphere. Reflecting on Gox is also forcing other exchanges to pull their socks up quickly.

And by all logic the long-term charts show that the exchange rate was going to get to this point whatever. What was interesting was seeing the wide difference between the exchange rate for Bitcoin on the one hand, and the exchange rate for Gox stocks and shares on the other, in February. A good display of resilience from Bitcoin.

Noruka

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nobody "loses" 116 million worth of bitcoin and then randomly refinds them. He was planning to steal them and when people were digging deep he realized he wouldnt be able to get away with stealing them slowly over time.

Luno

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Quote from: segeln on March 23, 2014, 09:35:42 AM

Quote from: devphp on March 23, 2014, 08:26:34 AM

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.

I agree
+1

Offensive self delusions can get you banned Grin

kooke

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Bitcoin super-duper-mega-ultra-hyper-node

To the people claiming that the negative impact from the gox bankruptcy is over, I'd like to know upon what you are basing that statement on? There are still many unanswered questions and unaccounted coins that may or may not be dumped, as well as potential investors who may stay away from bitcoin now and current investors who want to get out. And let's not forget that more people have lost faith in all of the current exchanges.

You may be right that the worst had already passed, but I guess we'll know in a few months time.

freedomno1

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Learning the troll avoidance button :)

The gift that keeps on giving or rather the coins that were not meant to be found

rebuilder

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Conspiracy theory hour, huh?

1. Someone at Gox stole all or most of the BTC on the exchange and was pretty sloppy with it.
2. Mt. gox had some very, very bad practices and misplaced the private keys to at least 200,000 BTC, only to recently find them. Maybe they dug a USB stick out of a sofa?
3. Law enforcement confiscated Gox's Bitcoins, or equipment the keys were held on in the process of some investigation, with a gag order to boot. Maybe related to Silk Road, maybe something else. IIRC, Karpeles hinted at some kind of big hassles with authorities he couldn't speak of.

What did I leave out?

segeln

hero member

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Quote from: TraderTimm on March 23, 2014, 12:59:41 PM

Mark shouldn't be let near anything that handles Bitcoin ever again.

Frankly, I'm surprised someone hasn't hunted him down and beat his private keys out of him.

I am surprised too
It will end bad for him ,I fear

TraderTimm

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Mark shouldn't be let near anything that handles Bitcoin ever again.

Frankly, I'm surprised someone hasn't hunted him down and beat his private keys out of him.

MadridReal

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Mt.Gox died, and that's all. How much can we talk about it again?

Lethn

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Scammers are nothing new in the Bitcoin community, a case of scam/fraud of this scale is bound to affect the price one way or another, you can expect any other companies committing large scale fraud like this to affect the price of Bitcoin in a similar way because this is a free market.

segeln

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Activity: 602

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Quote from: devphp on March 23, 2014, 08:26:34 AM

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.

I agree
+1

devphp

sr. member

Activity: 336

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Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.

LiteCoinGuy

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Merit: 1014

In Satoshi I Trust

The new mystery of MTGOX bankruptcy

http://toyokeizai.net/articles/-/33526

Shocked

Topic: [2014-03-23] Goxxed again: The new mystery of MTGOX bankruptcy (Read 2624 times)