Topic: If MtGox can ident the Bitcoins, why not fix it? (Read 11612 times)
So, Karpeles took depositors' money and bought www.gox.com before he declared bankruptcy. Wouldn't that be owned by www.mtgox.com and be inaccessible since the bankruptcy? Or would he expect to open a Bitcoin exchange claiming the best security money can buy. But what happens to the accounts with btc balances on www.mtgox.com? Are we to be asked with fanfare to come join the new enterprise while uncompensated for the money/assets we put in trust to him at www.mtgox.com? He must be delusional. Perhaps haldol is necessary.
duties of the US government: establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity
Making money 'trackable' is good business and makes sense and would probably come under the first three of the above. If it didn't make sense Las Vegas would have left their casino chips untraceable but no, they realize the RFID identification and tracking of casino chips makes good sense for them and offers a level of protection they need.
Making money 'trackable' is good business and makes sense and would probably come under the first three of the above. If it didn't make sense Las Vegas would have left their casino chips untraceable but no, they realize the RFID identification and tracking of casino chips makes good sense for them and offers a level of protection they need.
If you are concerned with that simply use USD. Or pokers chips lol
=squeak=
duties of the US government: establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity
Making money 'trackable' is good business and makes sense and would probably come under the first three of the above. If it didn't make sense Las Vegas would have left their casino chips untraceable but no, they realize the RFID identification and tracking of casino chips makes good sense for them and offers a level of protection they need.
Making money 'trackable' is good business and makes sense and would probably come under the first three of the above. If it didn't make sense Las Vegas would have left their casino chips untraceable but no, they realize the RFID identification and tracking of casino chips makes good sense for them and offers a level of protection they need.
If you are concerned with that simply use USD. Or pokers chips lol
How would one reply to a message that goes something like this: You lost a million of my dollars. Come here.
It probably wouldn't help much to tell the guy "My accounting department tells me those bitcoins are only valued at $160." while the market says between $500 & $600.
It probably wouldn't help much to tell the guy "My accounting department tells me those bitcoins are only valued at $160." while the market says between $500 & $600.
Malice or not, when/if subponas/appearance tickets arrive from Medellín, Bangkok and Shanghi, they might not allow power of attorney representation.
Perhaps in retrospect he found that attempted pose as an innocent playful geek, the sitting on a blue ball photo, was seriously embarrassing. His inner Walter Mitty then took him to dark places at which point he started imagining himself as engaging in a theft that would rank among history's greatest.
Never attribute to malice that which can be explained by [gross] incompetence.
Perhaps in retrospect he found that attempted pose as an innocent playful geek, the sitting on a blue ball photo, was seriously embarrassing. His inner Walter Mitty then took him to dark places at which point he started imagining himself as engaging in a theft that would rank among history's greatest.
No offer of any kind of reward or finders fee for information that results in the return of the stolen Bitcoins? That and the delay on disclosure kind of hints at an inside job.
Rebuttal was already posted:
The Feds recently subpoened Mt.Gox to force them to retain trading records, so the chain of ownership will be known to law enforcement.
You think it's a given that MtGox has detailed, accurate and long term trading records? From a company that managed to lose all but 2000BTC out of 750,000BTC (if the story is true) before they noticed and pulled the plug?
Transaction records they probably have. Posing as upholding an ideal of secrecy they may be less than helpful to investigators though with that much money gone they probably should, help that is.
Agreed it's odd it took so long to interrupt the outflow/loss. They must have been out of the office. I wonder how long it took to empty SR2 using the same technique.
The theft aside, I wonder how many complaints they had about double-spending/double-sending due to lousy website software. I can see how that could be costly. Maybe they tried to placate some users by reimbursing loss due to a double-send that resulted from the lousy website software but that would not have been any kind of an automatic refund and perhaps they hoped to cajole the recipients of the double-sends to return the Bitcoins.
Interesting article earlier today comparing early Paypal experiences/ripoffs to MtGox difficulties.
And my first use of mid-1990's banking software which somehow managed to wipe out my hard drive. I note the banks got better at it. Why didn't MtGox effectively spend more money on software/hardware? Hundreds of millions of dollars entrusted to them and they didn't keep up the infrastructure? Bet money was readily spent on best travel, best hotels and the like.
Rebuttal was already posted:
The Feds recently subpoened Mt.Gox to force them to retain trading records, so the chain of ownership will be known to law enforcement.
You think it's a given that MtGox has detailed, accurate and long term trading records? From a company that managed to lose all but 2000BTC out of 750,000BTC (if the story is true) before they noticed and pulled the plug?
Just inconceivable they didn't notice it.
There was another thread posted, where someone put forth the possibility that while there was a malleability issue, that Gox was trying to use it as a scapegoat to cover for the possibility, that they found they couldn't access their frozen wallet and that their keys weren't working.
I find this much more plausible than some ring of anonymous unverified accounts massively double-withdrawing in the volumes they would have to do to cover that amount of coins in a limited time, without drawing attention to themselves.
It would certainly explain how desperate they sounded a couple weeks ago when they were demanding the bitcoin devs fix the malleability issue asap... they seemed absolutely frantic.
(and if this was the case, soy, you can rest assured, your bitcoin monies are safe and sound at the frozen wallet address, and nobody is going to be able to get to them... not even the people at Gox.)
=squeak=
Rebuttal was already posted:
The Feds recently subpoened Mt.Gox to force them to retain trading records, so the chain of ownership will be known to law enforcement.
You think it's a given that MtGox has detailed, accurate and long term trading records? From a company that managed to lose all but 2000BTC out of 750,000BTC (if the story is true) before they noticed and pulled the plug?
I'm not sure about how that double-payout, the transaction malleability error, was made to work. I recall a slow response on MtGox when making a 3btc withdrawal around the second week of November 2013. The transfer didn't seem to go thru and I hit the button a second time and ended up sending 6 btc but the 6 btc was deducted from my balance, not 3btc. So, that wasn't the fault. Sloppy true but there was no wrongful gain or loss.
Okay, I can see how this could be a problem if I was sending those 3btc to someone else. I was unsure of the exact amount of a purchase and sent the 3 btc to another account where I could sign a message if necessary.
If I had been sending the 3 btc to someone else I would have ended up sending them 6 btc instead but of course 6 btc would be deducted from my account. I don't see how 7744408 btc could be mis-sent this way.
Edit: My mistake, 744,408 Bitcoins.
Okay, I can see how this could be a problem if I was sending those 3btc to someone else. I was unsure of the exact amount of a purchase and sent the 3 btc to another account where I could sign a message if necessary.
If I had been sending the 3 btc to someone else I would have ended up sending them 6 btc instead but of course 6 btc would be deducted from my account. I don't see how 7744408 btc could be mis-sent this way.
Edit: My mistake, 744,408 Bitcoins.
Cant believe this stupid thread is still alive !
MtGox has an internal record? really?? and how am I to believe such a record has not been tampered with or generated two days back? ?
MtGox has an internal record? really?? and how am I to believe such a record has not been tampered with or generated two days back? ?
Rebuttal was already posted:
The Feds recently subpoened Mt.Gox to force them to retain trading records, so the chain of ownership will be known to law enforcement.
Oh, bold and red font.. Must be legit.
Continue to ignore it please. I will be watching all Bitards fall into the abyss together when the mess comes to the point that you can't find any one to buy your coins, yet you are liable for all the clawback amount.
Mansions will be confiscated. Paddy rides to debtors prison will be ensue when you can't pay.
Wow this is a pretty broad assumption. You expect all governments everywhere to declare any Bitcoin holder as a criminal? Lol
Good luck coordinating that world wide.
Rebuttals were already posted:
For your 'theory' to actually play out Anonymint you would have to have all law enforcement agencies around the world able to access anyone in the world - just about guaranteed to never happen. Know who the owners of the public addresses in question were (many of which would never be associated with an exchange or any other business that would have real user details in any way) - impossible. And, have to be able to have some way of tracking chains of millions and millions and millions of transactions, and deal with tumblers etc. In conspiracy land maybe, in reality not going to happen.
You have a very low IQ.
They can access anyone along the chain of ownership, cherry picking someone in their jurisdication and who didn't use strong anonymity methods.
Orthogonal to that slam dunk, you are discounting the degree of tracking and cooperation that the G20 is doing and planning to do, in response the $150 trillion debt implosion coming and the need to confiscate all wealth to resolve this debt.
You are correct that Bitcoin millionaires have more to fear than Bitcoin paupers. Economy-of-scale favors going after the larger of the culpable.
Orthogonal point is the NSA+bankers have no incentive to prosecute when they can solve the problem by putting it on the merchant's back. And its their legal tender system they want to keep in power.
Whereas, crypto-currency can't be charged back and it threatens their power. So they will apply more effort.
Orthogonal point is the NSA+bankers have no incentive to prosecute when they can solve the problem by putting it on the merchant's back. And its their legal tender system they want to keep in power.
Whereas, crypto-currency can't be charged back and it threatens their power. So they will apply more effort.
Wonder what will be happening at the Nassau County Coliseum when he's in town to answer the subpoena right across the street there.
Oh, bold and red font.. Must be legit.
Continue to ignore it please. I will be watching all Bitards fall into the abyss together when the mess comes to the point that you can't find any one to buy your coins, yet you are liable for all the clawback amount.
Mansions will be confiscated. Paddy rides to debtors prison will be ensue when you can't pay.
Wow this is a pretty broad assumption. You expect all governments everywhere to declare any Bitcoin holder as a criminal? Lol
Good luck coordinating that world wide.
Oh, bold and red font.. Must be legit.
Continue to ignore it please. I will be watching all Bitards fall into the abyss together when the mess comes to the point that you can't find any one to buy your coins, yet you are liable for all the clawback amount.
Mansions will be confiscated. Paddy rides to debtors prison will be ensue when you can't pay.
Mental institutions should not provide internet access to their inmates.
Too bad MtGox didn't insure its accounts against theft with Lloyds of London.
If the implication that South American drug lords move money to their accounts using Bitcoin is true, then they must have experienced Bitcoin theft and perhaps have somewhat successful recovery methods, some kind of Jose Ray Donovan IT Corp. Maybe MtGox should look for them before they come looking for MtGox. Second largest heist in recorded history will get some kind of action.
Oh, bold and red font.. Must be legit.
Continue to ignore it please. I will be watching all Bitards fall into the abyss together when the mess comes to the point that you can't find any one to buy your coins, yet you are liable for all the clawback amount.
Mansions will be confiscated. Paddy rides to debtors prison will be ensue when you can't pay.
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