Author

Topic: 750k coins stolen =7% of currently mined coins, belong to one person? (Read 1129 times)

hero member
Activity: 728
Merit: 500
Even if 750k is true, where do you see that it belongs to one person? The exploit was used by multiple people. I saw a tutorial on how to do it on youtube.
full member
Activity: 238
Merit: 101
No it belongs to me at least 10% of their coins.  Cool
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
The document was fake. You'd have to be a fucking retard not to work that out.

People said the same thing when it was released yesterday, but pretty much everything it said played out so far.

Easy to put that in because at least several people including Charlie Shrem alluded to Karpeles stepping down and a change coming for Gox, over the past couple of days. My guess is The Foundation and assorted cronies were told of the plans at least a few days ago.

Not saying it is them, but once the info is out then it leaks and someone gets the bright idea of having a pop at Gox by drafting this document.

Or as someone else suggested it is in collusion with Gox so that they can refute it.

I just can't believe it is a genuine business document. It's so badly written!  Cheesy
legendary
Activity: 924
Merit: 1001
The document was fake. You'd have to be a fucking retard not to work that out.

Hey kid, we are on the internet, anything is possible, especially when Andreas Antonopoulos speaks of it in context. Do you need Proudhon to confirm it for you?
Im not a fucking retard. do you think you're being clever? think you won some sort of prize? you've been watching too much TV.
 
hero member
Activity: 742
Merit: 500
If 7% and eventually 3.5% of all bitcoins were in the hand of one thief, then what possible implications would that have on the market?

If the price of bitcoin rocketed up to the highs we all expect, this person will become the single richest person in the world by a mile.

If they wanted to, he could drive the price into the floor, and possibly hold it there for some time.

I think this imbalance in wealth distribution is now becoming too much, this could be a problem with bitcoin.

should we have our eyes peeled on Litecoin as a new start?

do we have any information available about where the coins are? are the transactions being tracked on the blockchain?



I call bullshit. Even though Mt. Gox was pretty incompetent, it's hard to believe that they didn't have very basic accounting practices in place to catch this sort of issue.

Surely someone did audits and helped them do their taxes every year.
legendary
Activity: 1652
Merit: 1265
The document was fake. You'd have to be a fucking retard not to work that out.

People said the same thing when it was released yesterday, but pretty much everything it said played out so far.

Lol we'll see if they reopen on 1st of April Cheesy
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
The document was fake. You'd have to be a fucking retard not to work that out.

People said the same thing when it was released yesterday, but pretty much everything it said played out so far.
newbie
Activity: 2
Merit: 1018
If 7% and eventually 3.5% of all bitcoins were in the hand of one thief, then what possible implications would that have on the market?

If the price of bitcoin rocketed up to the highs we all expect, this person will become the single richest person in the world by a mile.

If they wanted to, he could drive the price into the floor, and possibly hold it there for some time.

I think this imbalance in wealth distribution is now becoming too much, this could be a problem with bitcoin.

should we have our eyes peeled on Litecoin as a new start?

do we have any information available about where the coins are? are the transactions being tracked on the blockchain?



Because Litecoin is better in terms of wealth distribution?
sr. member
Activity: 339
Merit: 250
The document was fake. You'd have to be a fucking retard not to work that out.
full member
Activity: 168
Merit: 100
If the amount is true, they other 1/2 of the statement would need to be considered.. Over several years...

Many people have had many coins.. He didn't run off with that many coins at one time. They would already be diluted into the market.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
If there's any truth to that document, not that anyone's confirmed it, the leakage took place over a long, long time and they were fed into the market.

Chances are most already have some of those coins in their wallet already.
legendary
Activity: 924
Merit: 1001
If 7% and eventually 3.5% of all bitcoins were in the hand of one thief, then what possible implications would that have on the market?

If the price of bitcoin rocketed up to the highs we all expect, this person will become the single richest person in the world by a mile.

If they wanted to, he could drive the price into the floor, and possibly hold it there for some time.

I think this imbalance in wealth distribution is now becoming too much, this could be a problem with bitcoin.

should we have our eyes peeled on Litecoin as a new start?

do we have any information available about where the coins are? are the transactions being tracked on the blockchain?

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