I'm Kevin, here's my side. - page 20.

chihlidog

newbie

Activity: 28

Merit: 0

Quote from: relative on June 20, 2011, 04:33:53 PM

Quote from: cunicula on June 20, 2011, 04:31:05 PM

Kevin, this isn't something that can be decided with forum posts. Get a lawyer and keep your mouth shut in public.

this ^

you can't seriously thing that you'll get the 250k or parts of it by making a forum post, do you?
there is nothing to gain, but there is 643 BTC to loose in case MtGox demands those back and you are making public statements here.

And if he refuses to give them back??? What are they going to do, sue him? How did any of us know it was a hack. As I stated, there were many forum posts right HERE talking about the "major selloff". People thought Satoshi was getting out and dumping. 90 percent of you would have bought at .01 if you could have. SO Mt Gox should get their coins back bcause they allowed themselves to be compromised?

Someone gets their wallet stolen and the prevailing attitude here is "oh well, should have been more careful", but a site trusted with our financial resources allows themselves to be hacked, and everyone feels bad for them?

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: bitrebel on June 20, 2011, 04:32:02 PM

We have no idea they were hacked, absolutely. We do not know they did not hack themselves.

A self-hack is still a hack. What I would like to see is a post from the guy whose account got drained. (verified, 'course.)

gigabytecoin

sr. member

Activity: 280

Merit: 252

Must have been one hell of a few minutes!

Tx2000

full member

Activity: 182

Merit: 100

I honestly can't say if I was in your position, I wouldn't be say the same thing. And it probably hurts real bad. I don't even know what solution is the right one - because almost every option is bad for somebody or the concept of btc itself.

relative

newbie

Activity: 56

Merit: 0

Quote from: cunicula on June 20, 2011, 04:31:05 PM

Kevin, this isn't something that can be decided with forum posts. Get a lawyer and keep your mouth shut in public.

this ^

you can't seriously thing that you'll get the 250k or parts of it by making a forum post, do you?
there is nothing to gain, but there is 643 BTC to loose in case MtGox demands those back and you are making public statements here.

toasty

member

Activity: 90

Merit: 12

Quote from: cunicula on June 20, 2011, 04:31:05 PM

Kevin, this isn't something that can be decided with forum posts. Get a lawyer and keep your mouth shut in public.

If I lawyer up, it's game over. The lawyers I talked to said the first thing I'd have to do would be to get an injunction, which would effectively start a run on MtGox's reserves, which I won't do.

If nothing more, I'd like to be a cautionary tale to everyone else and stop the misunderstandings that resulted from Mt Gox's poorly written statement.

chihlidog

newbie

Activity: 28

Merit: 0

I am astounded at the outpouring of support for MtGox here. Wow. MtGox allowed itself to be compromised, THEY are the ones responsible for settling things financially here. If they werent ready for this possibility, they shouldnt have been in the business.

GeniuSxBoY

hero member

Activity: 616

Merit: 500

bitrebel

sr. member

Activity: 364

Merit: 251

Quote from: myrkul on June 20, 2011, 04:29:47 PM

I feel for you, Kevin, I really do. Problem is, this isn't someone making a stupid trade, or even someone trying intentionally to crash the market. In either of those instances, I would support you in keeping not only the 643, but the full 259684. It wasn't though. It was a Hack. Which means that the poor guy whose BTC you got had nothing to do with the trade, which means that he was stolen from.

MtGox allowed the theft, so its their responsibility to fix it, which means returning things to the way they were before the hack.

This means you're out those BTC you didn't get out, And I would return the 643, as well. On the bright side, you get your cash back.

We have no idea they were hacked, absolutely. We do not know they did not hack themselves.

cunicula

legendary

Activity: 1050

Merit: 1003

Kevin, this isn't something that can be decided with forum posts. Get a lawyer and keep your mouth shut in public.

bitrebel

sr. member

Activity: 364

Merit: 251

Quote from: toasty on June 20, 2011, 04:29:40 PM

Quote from: relative on June 20, 2011, 04:26:54 PM

Quote

I also haven't said what I would do with that 643.

you basically admitted that you knew at the time you withdrew the 643 that it was the loot of a hacker.

No, I had no way of knowing what was going on then, and still don't know. At first I thought it'd be safer trying to get a pile of bitcoins off a site if it possibly was hacked, but had absolutely no way of knowing.

I think you are smart Kevin. That should be rewarded. Not with stolen bitcoins, but first we need proof they were actually "stolen". Otherwise, they are and should be rightfully, yours.

Vladimir

hero member

Activity: 812

Merit: 1001

-

Talk to a lawyer, preferably one specialising in securities. Who knows you might get a settlement from mtgox and rest of the community terms and conditions.

You will not find any justice even if you deserve it on the forum.

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

I feel for you, Kevin, I really do. Problem is, this isn't someone making a stupid trade, or even someone trying intentionally to crash the market. In either of those instances, I would support you in keeping not only the 643, but the full 259684. It wasn't though. It was a Hack. Which means that the poor guy whose BTC you got had nothing to do with the trade, which means that he was stolen from.

MtGox allowed the theft, so its their responsibility to fix it, which means returning things to the way they were before the hack.

This means you're out those BTC you didn't get out, And I would return the 643, as well. On the bright side, you get your cash back.

toasty

member

Activity: 90

Merit: 12

Quote from: relative on June 20, 2011, 04:26:54 PM

Quote

I also haven't said what I would do with that 643.

you basically admitted that you knew at the time you withdrew the 643 that it was the loot of a hacker.

No, I had no way of knowing what was going on then, and still don't know. At first I thought it'd be safer trying to get a pile of bitcoins off a site if it possibly was hacked, but had absolutely no way of knowing.

foggyb

legendary

Activity: 1736

Merit: 1006

Quote from: gdrop on June 20, 2011, 04:27:23 PM

Honestly, I think you should just keep the coins. I personally was sleeping when the crash happened, but as a matter of principle I don't think actual BTC transactions should be reversed once finalized in the chain. Reversing the trades on MtGox's servers, though, is up to the owners, as there aren't actual BTC transactions being added to the chain.

MtGox screwed up though, and they should take the loss.

What would be honest about that?

Insuremeplz

member

Activity: 113

Merit: 10

I almost wish you would have cashed out and would now have much more leverage against MtGox. I wish you luck OP, and think you're in the right

soades

newbie

Activity: 57

Merit: 0

When I signed up at Mt.Gox first thing I noticed was lack of user identity security. Definitely left themselves open to abuse.

foggyb

legendary

Activity: 1736

Merit: 1006

Quote from: TraderTimm on June 20, 2011, 04:19:10 PM

Executive summary:

1.) "I took advantage of an extraordinary event that turned out to be initiated by a rogue sell order, not legitimate trading."

2.) "Can I keep it? Look, here's why."

No, sorry. To allow the trade to stand would legitimize the attack, is that what you really want? (Besides bitcoins and dollars, I mean.)

+ 1,000

gdrop

newbie

Activity: 14

Merit: 0

Honestly, I think you should just keep the coins. I personally was sleeping when the crash happened, but as a matter of principle I don't think actual BTC transactions should be reversed once finalized in the chain. Reversing the trades on MtGox's servers, though, is up to the owners, as there aren't actual BTC transactions being added to the chain.

MtGox screwed up though, and they should take the loss.

bitcola

full member

Activity: 210

Merit: 100

Bitcoin is hardly a professional currency yet. It's an amateur one.

More of these things can be expected until the pros step in and start running things.

It's like comparing a street full of globalised company owned stores to a kid's fair at a school.

Topic: I'm Kevin, here's my side. - page 20. (Read 258592 times)