Dude, TheFootMan, thanks for this post. I absolutely agree with you. I don't have anything in Gox, never have, but I agree that many people are suffering and their lives have been mutated because of this, and we need to get their BTC back. They don't deserve this.
And it would silence all those who badmouth Bitcoin, for at least a day!
Topic: Calling Gavin Andresen and others, possibility of restoring MtGox's coins. - page 4. (Read 7822 times)
March 01, 2014, 10:29:16 AM
March 01, 2014, 10:28:21 AM
There is no such thing as "fixing private keys". Private keys are simply random 256 bit numbers. You either have them or you don't.
If MtGox either
a) doesn't have the private keys for the coins in their wallet
or
b) they have the private keys but the coins have been moved (given to attackers, stolen years ago in prior hacks, embezzled)
there is nothing short of a hard fork to mint new coins for MtGox that anyone can do.
If MtGox either
a) doesn't have the private keys for the coins in their wallet
or
b) they have the private keys but the coins have been moved (given to attackers, stolen years ago in prior hacks, embezzled)
there is nothing short of a hard fork to mint new coins for MtGox that anyone can do.
Please read:
http://www.reddit.com/r/Bitcoin/comments/1z8fmc/mtgox_private_key_related_coin_loss_a_explanation/
March 01, 2014, 10:27:30 AM
The Foundation has enough money to assemble a task force to fly to Japan and assist Mark Karpeles.
Where did you read that Mark Karpeles asked for a help? You can't help someone who doesn't want your help.
I agree with Biomech on his thoughts.
As for the input from itod: I think a task force should be sent there anyway, and they should be very persistent in trying to help MtGox/Mark. If he refuses help, that points even more to him being guilty of misdoings.
I would think there's at least someone on the Foundation or otherwise (Roger Ver?), that could sit down with Mark, have a conversation, and convince him that it is in everybody's interest to work together to find a solution.
March 01, 2014, 10:26:59 AM
There is no such thing as "fixing private keys". Private keys are simply random 256 bit numbers. You either have them or you don't.
If MtGox either
a) doesn't have the private keys for the coins in their wallet
or
b) they have the private keys but the coins have been moved (given to attackers, stolen years ago in prior hacks, embezzled)
there is nothing short of a hard fork to mint new coins for MtGox that anyone can do.
If MtGox either
a) doesn't have the private keys for the coins in their wallet
or
b) they have the private keys but the coins have been moved (given to attackers, stolen years ago in prior hacks, embezzled)
there is nothing short of a hard fork to mint new coins for MtGox that anyone can do.
March 01, 2014, 10:23:44 AM
The Foundation has enough money to assemble a task force to fly to Japan and assist Mark Karpeles.
Where did you read that Mark Karpeles asked for a help? You can't help someone who doesn't want your help.
March 01, 2014, 10:18:21 AM
If it can be done without forking the blockchain, I'd be for this. Also if it can be done without Mtgox coming back. I have no losses from this, but I do sympathize with those who do. Except the executive staff of Mtgox. This level of mismanagement, if that's what it is, is criminal. No one in charge of that amount of money should be sloppy at all, let alone to the tune of six percent of the currency.
If it can't be recovered without breaking the blockchain, let it die. It will make the coin more valuable.
If it can't be recovered without breaking the blockchain, let it die. It will make the coin more valuable.
I am not suggesting the blockchain should be altered. I'm suggesting that the suggestions the software developer in the first reddit link made should be checked more closely.
It might be that Mark just fucked up and is too embarassed to admit it, and might try to fix it himself, but doesn't have the required knowledge to do so, due to regressive errors in his code. Software experts may be able to see what's wrong and possibly retrieve the keys to the cold storage that might be lost.
Yes, I understand. But I have also seen a number of people asking for a fork where those coins are destroyed and regenerated. I am of the firm opinion that this would kill bitcoin were it actually done.
I'm also not a firm believer in the (varied) stories of Mr. Karpeles. I've only been seriously involved in this community for about two years, and frankly, what I saw on the MtGox front page on my first visit was "mene, mene, tekel uparshin". I've never had a satoshi pass through there, unless it came down the chain from me. I don't trust the man or his business. It would be nice if it could be fixed, at least sufficiently to mostly reimburse those who hold coin there. But not at the expense of this grand experiment. Even if the funds are recovered, Mtgox needs to stay dead.
March 01, 2014, 10:10:55 AM
If it can be done without forking the blockchain, I'd be for this. Also if it can be done without Mtgox coming back. I have no losses from this, but I do sympathize with those who do. Except the executive staff of Mtgox. This level of mismanagement, if that's what it is, is criminal. No one in charge of that amount of money should be sloppy at all, let alone to the tune of six percent of the currency.
If it can't be recovered without breaking the blockchain, let it die. It will make the coin more valuable.
If it can't be recovered without breaking the blockchain, let it die. It will make the coin more valuable.
I am not suggesting the blockchain should be altered. I'm suggesting that the suggestions the software developer in the first reddit link made should be checked more closely.
It might be that Mark just fucked up and is too embarassed to admit it, and might try to fix it himself, but doesn't have the required knowledge to do so, due to regressive errors in his code. Software experts may be able to see what's wrong and possibly retrieve the keys to the cold storage that might be lost.
March 01, 2014, 10:06:47 AM
If it can be done without forking the blockchain, I'd be for this. Also if it can be done without Mtgox coming back. I have no losses from this, but I do sympathize with those who do. Except the executive staff of Mtgox. This level of mismanagement, if that's what it is, is criminal. No one in charge of that amount of money should be sloppy at all, let alone to the tune of six percent of the currency.
If it can't be recovered without breaking the blockchain, let it die. It will make the coin more valuable.
If it can't be recovered without breaking the blockchain, let it die. It will make the coin more valuable.
March 01, 2014, 09:56:20 AM
It might be possible that Mark Karpeles messed up in regards to the cold wallets and need expert help to recover it.
I think this looks like something that's worth looking more closely into:
http://www.reddit.com/r/Bitcoin/comments/1z8fmc/mtgox_private_key_related_coin_loss_a_explanation/
What will Gavin Andresen, other core devs and the Bitcoin Foundation do about this?
Personally I would flown directly to Tokoyo and do whatever I could to look into this situation if I had the money, connections and knowledge required to look into this closely. Unfortunately I don't have this.
There are however some people that do. And it is the responsibility of the people who have the resources, knowledge and wisdom to help those less fortunate.
While you could say anything about people who had money or coins deposited with MtGox, the fact is that most (if any) did not deserve what happened to them.
Here are some real stories about real people getting affected in a real way.
It is to sad to see that families are being wrecked, and people not being able to rightfully use the money that belongs to them to buy a house, pay their debt and so on. While most of you devs and experts are smart enough not to be affected by this, not all people are.
Bitcoin was meant to change the world for the better, not to fuck people over. While bitcoin is not the same as MtGox, if you actually acted on this information, and it proved to be successful, you would become true heroes, and bitcoin would shine - and you know you at least did what you could to try to help people.
In the opposite case, you basically tell the entire world that you do not care. The Foundation has enough money to assemble a task force to fly to Japan and assist Mark Karpeles.
A Task Force consisting of diplomatic skilled non-judging experts that will only help Mark, and not put blame, harass or otherwise make things difficult for Mark and MtGox, but an honest attempt to help the people who've been caught out in this situation.
The Foundation do have the financial means. While the foundation and software experts in this community do not owe the victims anything and do not have a legal obligation to intervene, the situation is so special that intervention is warranted, Charlie Shrem also said this in one of the latest Let's Talk Bitcoin episodes.
If this could be fixed somehow, and it's all a matter of fixing the private keys, and that is in fact possible, not only would you help all those victims to at least recover some part of their investment, but you would also be complete heroes, and bring a lot of positive press to bitcoin. While I understand a lot of you don't care about being heroes, the gratitude from people and the knowledge that you touched the lives of countless people will be a reward enough in itself.
I sincerely hope that you will take action and help.
Ps: My loss in the event is very small, but I really have compassion and thought for all the rest of the customers who got caught out. Let's not be insensitive and put blame on people and call them stupid, let's help them!
I think this looks like something that's worth looking more closely into:
http://www.reddit.com/r/Bitcoin/comments/1z8fmc/mtgox_private_key_related_coin_loss_a_explanation/
What will Gavin Andresen, other core devs and the Bitcoin Foundation do about this?
Personally I would flown directly to Tokoyo and do whatever I could to look into this situation if I had the money, connections and knowledge required to look into this closely. Unfortunately I don't have this.
There are however some people that do. And it is the responsibility of the people who have the resources, knowledge and wisdom to help those less fortunate.
While you could say anything about people who had money or coins deposited with MtGox, the fact is that most (if any) did not deserve what happened to them.
Here are some real stories about real people getting affected in a real way.
It is to sad to see that families are being wrecked, and people not being able to rightfully use the money that belongs to them to buy a house, pay their debt and so on. While most of you devs and experts are smart enough not to be affected by this, not all people are.
Bitcoin was meant to change the world for the better, not to fuck people over. While bitcoin is not the same as MtGox, if you actually acted on this information, and it proved to be successful, you would become true heroes, and bitcoin would shine - and you know you at least did what you could to try to help people.
In the opposite case, you basically tell the entire world that you do not care. The Foundation has enough money to assemble a task force to fly to Japan and assist Mark Karpeles.
A Task Force consisting of diplomatic skilled non-judging experts that will only help Mark, and not put blame, harass or otherwise make things difficult for Mark and MtGox, but an honest attempt to help the people who've been caught out in this situation.
The Foundation do have the financial means. While the foundation and software experts in this community do not owe the victims anything and do not have a legal obligation to intervene, the situation is so special that intervention is warranted, Charlie Shrem also said this in one of the latest Let's Talk Bitcoin episodes.
If this could be fixed somehow, and it's all a matter of fixing the private keys, and that is in fact possible, not only would you help all those victims to at least recover some part of their investment, but you would also be complete heroes, and bring a lot of positive press to bitcoin. While I understand a lot of you don't care about being heroes, the gratitude from people and the knowledge that you touched the lives of countless people will be a reward enough in itself.
I sincerely hope that you will take action and help.
Ps: My loss in the event is very small, but I really have compassion and thought for all the rest of the customers who got caught out. Let's not be insensitive and put blame on people and call them stupid, let's help them!
Jump to: