Topic: Copy of the alleged MTGox Crisis draft strategy - page 2. (Read 7410 times)
These numbers aren't believable. Surely, even by the most ridiculously optimistic estimates, that would have to be like half of the Bitcoins on deposit at Gox. How can they lose half of their Bitcoins, slowly, over a period of several years? It's simply not credible. No one would trust MtGox to store millions of Bitcoins, especially after the first hack. This is nonsense.
How is Bitcoinbuilder still trading with no notification given that it works by sending bitcoins inter account on a site that's down?
Rebranding after a month? That is really funny.
"you can polish a turd as much as you want, but it still is just a shiny piece of shit"
You say that like it's a bad thing."you can polish a turd as much as you want, but it still is just a shiny piece of shit"
Rebranding after a month? That is really funny.
"you can polish a turd as much as you want, but it still is just a shiny piece of shit"
"you can polish a turd as much as you want, but it still is just a shiny piece of shit"
Very disturbing document, freaky as fuck. Be careful before reading if u cant stomach this
I was suppose to stomach it? Hell, I jacked off all over it. Now, somebody push my face into it and make me swallow.
BTW, I've been holding back something on BitcoinBuilder, something of which is important, and I'm not a very happy camper about it. Not happy at all.
What in the fuck is wrong with you? LOL
Also,.. leave everyone hanging on that second part. Totally helps.
BTW, I've been holding back something on BitcoinBuilder, something of which is important, and I'm not a very happy camper about it. Not happy at all.
Run by Gox?
Very disturbing document, freaky as fuck. Be careful before reading if u cant stomach this
I was suppose to stomach it? Hell, I jacked off all over it. Now, somebody push my face into it and make me swallow.
BTW, I've been holding back something on BitcoinBuilder, something of which is important, and I'm not a very happy camper about it. Not happy at all.
hard to imagine the doc is real
but if assuming it is, do companies on a scale of mtgox do not balance books quarterly or at the very least annually in japan?
but if assuming it is, do companies on a scale of mtgox do not balance books quarterly or at the very least annually in japan?
Or.. ever? LOL!
hard to imagine the doc is real
but if assuming it is, do companies on a scale of mtgox do not balance books quarterly or at the very least annually in japan?
but if assuming it is, do companies on a scale of mtgox do not balance books quarterly or at the very least annually in japan?
Very disturbing document, freaky as fuck. Be careful before reading if u cant stomach this
..
(Oddly, if people were rational, this should cause...)
(Oddly, if people were rational, this should cause...)
You must be new here.. Welcome to Earth
No company is dumb enough to put stuff like this in writing, even when it's true.
The number of coins seems high, but I wouldn't completely rule this document out just yet. It could certainly have been written by a private equity group with plans for damage control (or similar type of entity) and turnaround. It sounds like a third party assessment; very plausible. I agree with the person above who said that parts seem very authentic while other parts seem a little fake. Perhaps it's an early draft of a preliminary assessment.
This type of review is exactly what would happen in this kind of situation (assuming things have gone completely south as outlined in the draft).
yes it was leaked.. not intended to be sent out.... but since it was, seems they had to start the ball rolling and stop trading now (should of stopped as soon as they blocked withdrawals)
serious question...... I have an armory wallet. I have a "watching only " wallet that watches my offline wallet. My offline wallet is composed of many keys. So is it really that difficult for an exchange who have funds in cold storage to have some kind of live ticker that shows their cold storage balance? Wouldn't it be incredibly easy to watch your balance of your cold storage even though it may be spread across many keys or even broken into several part keys (The public key isn't broken right? )
How do you see the balance in a "watching only"wallet ?I don`t. 
No company is dumb enough to put stuff like this in writing, even when it's true.
The number of coins seems high, but I wouldn't completely rule this document out just yet. It could certainly have been written by a private equity group with plans for damage control (or similar type of entity) and turnaround. It sounds like a third party assessment; very plausible. I agree with the person above who said that parts seem very authentic while other parts seem a little fake. Perhaps it's an early draft of a preliminary assessment.
This type of review is exactly what would happen in this kind of situation (assuming things have gone completely south as outlined in the draft).
serious question...... I have an armory wallet. I have a "watching only " wallet that watches my offline wallet. My offline wallet is composed of many keys. So is it really that difficult for an exchange who have funds in cold storage to have some kind of live ticker that shows their cold storage balance? Wouldn't it be incredibly easy to watch your balance of your cold storage even though it may be spread across many keys or even broken into several part keys (The public key isn't broken right? )
Such a hoax.
No company is dumb enough to put stuff like this in writing, even when it's true.
"Cold storage has been wiped out due to a leak in the hot wallet" is incoherent yammering.
All the data are in the blockchain. If an attack like this really had been going on for years as the document alleges, it would be possible to verify this (and I'm sure somebody would have). Mutated transactions can be detected after-the-fact and with high (but not 100%) probability, so a long-running theft on this scale would leave undeniable evidence that it had occurred. Just like the android random-number-generator vulnerability, people would have called attention to the attack's trail of evidence in the blockchain.
PS, to put bitcoin "back ~5-10 years" would be before cryptocurrencies existed. Come on.
No company is dumb enough to put stuff like this in writing, even when it's true.
"Cold storage has been wiped out due to a leak in the hot wallet" is incoherent yammering.
All the data are in the blockchain. If an attack like this really had been going on for years as the document alleges, it would be possible to verify this (and I'm sure somebody would have). Mutated transactions can be detected after-the-fact and with high (but not 100%) probability, so a long-running theft on this scale would leave undeniable evidence that it had occurred. Just like the android random-number-generator vulnerability, people would have called attention to the attack's trail of evidence in the blockchain.
PS, to put bitcoin "back ~5-10 years" would be before cryptocurrencies existed. Come on.
Way too many whole numbers to be legit.
People have made a lot of fun of this quote, and I agree it is a bit retarded. However, I can sort of see it making sense in the scenario that gox has been continually defrauded ( via malleability issue or whatever ) and has for a long time now been moving coins from cold storage (savings) into active use to cover the losses.
Whether that actually happened or not, I have no idea. But just saying that the quote itself can make some sense in this context.
Whether that actually happened or not, I have no idea. But just saying that the quote itself can make some sense in this context.
Quote
the cold storage has been wiped out due to a leak in the hot wallet
Document was probably made by the guy purchasing 650 coins at .21 on bitcoinbuilder lol
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