Karpeles looks or sounds like a good man after all. I think he was never trying to cause this massive clusterfuck, he just didn't envision such thing could happen.. or he did, but it was too late to stop it and he couldn't react until things went south.
Now he has no control of these coins, and due insanely stupid government laws, a ton is going to be lost. Since the coins aren't sent back to the owners, but sold in fiat, then sent in fiat (at the prices at the time, against hodler's will) there will be many losses due taxes. When Karpeles recieves the remaining coins (in fiat) potentially half of it will be lost in taxes, which means if he wanted to pay back what creditors actually deserve (current valuation of BTC) he couldn't.
The insane laws have created this clusterfuck. It would have been as easy as sending the BTC back to the owners in BTC transactions, but the government dumbasses had to ruin it all.
Now he has no control of these coins, and due insanely stupid government laws, a ton is going to be lost. Since the coins aren't sent back to the owners, but sold in fiat, then sent in fiat (at the prices at the time, against hodler's will) there will be many losses due taxes. When Karpeles recieves the remaining coins (in fiat) potentially half of it will be lost in taxes, which means if he wanted to pay back what creditors actually deserve (current valuation of BTC) he couldn't.
The insane laws have created this clusterfuck. It would have been as easy as sending the BTC back to the owners in BTC transactions, but the government dumbasses had to ruin it all.
Hard to tell. On the face of it all, he does seem truly apologetic... but that's actually quite common for figures like him, same as the Dogetip app guy who was really sorry to let people down after losing millions. Let's not forget that he seemed to know what was going on for a long time, and did his best to maintain semblance of normality for as long as possible before eventually being forced to come clean. Again, not abnormal and certainly, a natural human instinct.
Plenty of ponzi operators started out well meaning too. Doesn't really forgive them for what they did. What's "refreshing" is to see just how many victims seem ready to forgive and forget. Also interesting to see how Blockstream just kept quiet on the whole saga. Surprised Ver himself didn't show up or did I miss his comments?
Well im not going to say he is innocent, he is obviously guilty of his action, his decision taking to run such a business was a complete clusterfuck and so he must pay for it, and I also don't know what his original, true intentions were, but looking at it right now, the guy could run free with hundreds of millions of dollars without any legal needs to give them back to the people that lost the coins due his shitty management, but he is claiming that he doesn't want all that money and he wants to give it back to the people, so the people get their original BTC value and BCash as well, at current rates.
In any case, this is all bureaucracy incompetence, if again, they sent their BTC back to owners instead of having to sell it first, but their want their tax cut, even if it means screwing up the victims. Governments are making more damage than Karpeles with the way they go about it.
