Topic: I'll chime in finally with a doozie.. - page 2. (Read 2775 times)

Yes not too flattering of a handle in some regards! haha  My friends gave me that nickname as soon as the movie rolled out.  Not sure why, I've never done a qualude or stolen anyone's money, so go figure.  But it was funny and so sure I said, I'll just use that.

On the other side of the crypto-coin is the fact that I am a wolf, and losing those coins on Gox through complacency, to me is acceptable.  I mean seriously what am I going to do.  I knew I was had around January 20th.  I manage a fund in the real World, so to me it was just one of those freeze the markets at 3:15 and lose a million on Blackberry last June 27, 2013 kind of moments.  You move on.

I have many more BTC in reserve and I deserve everything I got for allowing a retarded kid hold on to millions of my dollars.  It is my fault for thinking he was something other than retarded.  I did not do my due diligence.  NO ONE DID!  And that is where the problem lies.

I don't really think he is semi-retarded.
For sure.

I am one of the top losers of coins on Gox.  That is life.  There is more where they came from and the show will go on.

I am not mad at Gox.  I am not angry with Mark.  What I'm disappointed with is a self-centered, fraudulent corrupt system that completely turned their back on a semi-retarded kid that had a billion dollars on a memory stick because they were too blind and busy looting the standard system to even blink an eye on a phenomenon that will change mankind forever.

Wall Street, regulators, auditors, accountants, banks, associations, police, schools and centers of academia all failed miserably with every single one of their mamtras, mission statements and purpose for their existence.  I read their propoganda about how they are all here to help and then I think about monkey-man Mark begging for someone to help him while his "video game" grows out of control into a billion dollar enterprise!  These institutions and infrastructure used to be in place to foster capital, create a future, protect ideas and spur imagination and creativity.

Now unfortunately they round up capital for companies like Zynga or other non revnue generating businesses that provide little to nothing for humanity, or they play around with fractions of a second in time trying to circumvent or game the system.  All to provide for a gambling mecha that is now out of the reach of any regulator or policing of any kind.  Every institution has been corrupted directly or indirectly through its partnerships and practices.  Stalwarts like Arthur Anderson, AIG, Citigroup, on and on and on and on.

Here we are with one of the most profound creations of mankind since we began to mine gold 5,000 years ago.  It is really nothing short of a spectacular moment in human history.  Unfortunately few have noticed.  Instead the phenomenon is being regarded as digital music was in he 80's, or the Internet in the 90's, or better yet - not too far off  the mark - Black's in the 50's.  All terrible changes in direction that were vilified and attacked and ended up changing the course of the entire human race!

Mark its not your fault buddy.  It is everyone around you for who is to blame.  You can not be mad at someone who is incompetent, you can only be mad at yourself for thinking that person was anything but incompetent.  However for the higher levels of institutions that turned their back, they can not be afforded the designation of ignorance - they were anything but!  They were just to busy being corrupt and greedy.

i can confirm it. before mtgox went out of business, i as well was one of the top account hodler and as such i know mr wolfofbitcoin very well.

Bravo to the OP, though I've heard the MtGox story only in a superficial way and not any real details...but I'm sorry for everyone who got ripped off or lost money.

That said, how did you lose it? I had a similar question about the FBI seizing someone's btc and asked how, exactly, it was seized.

I've got 0btc but am on the verge (got a help a girl out thread in the help and support section for anyone who likes 20 questions and loves espousing advice even more)...but all I hear about btc is how secure it is and the only way someone can get your money is if they have your private key...and I'd imagine if someone is smart enough to know the code tech version of bitcoin and run a big popular site, they'd also know the risk factor and wouldn't have lost anything.

So what's the real story on this before I put any money in it - is the private key the only possible way that someone can take your money out from under you? I know if you lose it, it's gone...but are we talking "don't give someone your password to anything" level of common sense or private key = precious gold that is easily swiped regardless of a key or password?

I've read in various places the warning to "never store your btc on the exchange" or in the wallet on a site, or only put it there when you do a transaction...but where is it otherwise? If you keep it stored offline is it still subject to valuation? If you have it stored online and the value drops to 0 is the btc GONE - like it shrinks til it's history, or is the value itself just bottomed out? Why is it different if it's offline?

Clearly I'm missing something...hope you can clarify this blank spot and how, exactly, you can lose btc or how it's offline as opposed to on.

ETA - like this example in the ad spot on another thread:

"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- gmaxwell

If this is true, how would the feds seize any of it or and how could they "liquidate" it anyway unless it's via an exchange or via the network? Or how would someone lose other peoples money? What was the exception that invalidates that quote and claim?

Proof please. Newb account claims to have one of the top amounts of coins on GOX.

 

I am one of the top losers of coins on Gox.  That is life.  There is more where they came from and the show will go on.

-I am one of the top losers of coins on Gox.  That is life.  There is more where they came from and the show will go on.

-What I'm disappointed with is a self-centered, fraudulent corrupt system that completely turned their back on a semi-retarded kid that had a billion dollars on a memory stick because they were too blind and busy looting the standard system to even blink an eye on a phenomenon that will change mankind forever-Wall Street, regulators, auditors, accountants, banks, associations, police, schools and centers of academia all failed miserably with every single one of their mamtras, mission statements and purpose for their existence-I read their propoganda about how they are all here to help and then I think about monkey-man Mark begging for someone to help him while his "video game" grows out of control into a billion dollar enterprise!

-not too far off  the mark - Black's in the 50's.  All terrible changes in direction that were vilified and attacked and ended up changing the course of the entire human race!

-Mark its not your fault buddy.

I am one of the top losers of coins on Gox.