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Topic: Karpeles back to living large in one of the most expensive apartments in Tokyo - page 3. (Read 10569 times)

hero member
Activity: 490
Merit: 500
Oh my god. Look at that bathroom, exhibitionist's heaven Cheesy

Are you still an exhibitionist if you show yourself but nobody sees you?
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
Oh my god. Look at that bathroom, exhibitionist's heaven Cheesy

maybe it could have loudspeakers attached to the outside of the building
so you can blast the noises of you taking a dump...lol sorry just thought
it was a funny thought.
legendary
Activity: 1400
Merit: 1001
Oh my god. Look at that bathroom, exhibitionist's heaven Cheesy
legendary
Activity: 2800
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
When thinking of it. 16k usd pr. month for a flat. how long can he stay there pr. million usd?

1 million gives you 62 months which is 5 years.

Not sure of his age, but let's say he's 30 now and that he will die of a heart attack because of an unhealthy lifestyle at 58.

That means he needs to pay the rent for 28 more years which brings us to the ballpark of 5.4 million dollars. If he took 400 million, it seems like he can afford it, and even have some more to play with. What about some luxury travels, and some new cars? Perhaps he could join up with Kim Jong-un and Dennis Rodman? He could then release NKoin, and supervised by the milliitary of NK, it's pretty sure MK dicipline would improve, he might even benefit from daily exercise. And perhaps he could even buy a yacht and denouce all citizenships, and become a sailor of the high seas?

Watch as the story untolds, very soon!


I'm sure if Karpeles signed a movie deal and licensing agreement
Or a couple books about his time with Mtgox and the earliest days of Bitcoin someone would buy it and his royalties might add up to pay for it
Of course with raging shareholders/users grabbing all of the copies they can get and burning them with fire ^_^
*Shareholders meaning those who got left holding the goxcoins and now want reparations.
newbie
Activity: 57
Merit: 0
hero member
Activity: 490
Merit: 500
When thinking of it. 16k usd pr. month for a flat. how long can he stay there pr. million usd?

1 million gives you 62 months which is 5 years.

Not sure of his age, but let's say he's 30 now and that he will die of a heart attack because of an unhealthy lifestyle at 58.

That means he needs to pay the rent for 28 more years which brings us to the ballpark of 5.4 million dollars. If he took 400 million, it seems like he can afford it, and even have some more to play with. What about some luxury travels, and some new cars? Perhaps he could join up with Kim Jong-un and Dennis Rodman? He could then release NKoin, and supervised by the milliitary of NK, it's pretty sure MK dicipline would improve, he might even benefit from daily exercise. And perhaps he could even buy a yacht and denouce all citizenships, and become a sailor of the high seas?

Watch as the story untolds, very soon!



legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Wonder how many people got screwed over this.

What I wonder is how many people are in the same position now where it could happen again.  Personally, I try not to leave more that $10 USD worth of Bitcoin on exchanges at any given time.  But I often wonder how many people, even after the gox fiasco and all this anger over Karpeles living the high life, how many still keep hundreds or even thousands on an exchange instead of in cold storage where it should be.  Satoshi envisaged Bitcoin as peer to peer money, so the fact that so many people rely on exchanges means we're generally doing this all wrong.

I'm not making any excuses for they guy, but as disgusting a creature as Karpeles is, it never would have happened if people were using Bitcoin as intended.

You're forgetting that Bitcoins best use is as a speculative financial instrument. The big Bitcoin economy would be so very much smaller without day traders. It's impossible to buy and sell at an exchange without having something in your account. I have had thousands at an exchange before. I transfer it out only when I know I'm not trading for a while.
there are a number of ways you can speculate with bitcoin without entrusting your funds to an exchange for long periods.

Even short periods are risky if your all in during a shutdown like with Gox.
sr. member
Activity: 266
Merit: 250
Wonder how many people got screwed over this.

What I wonder is how many people are in the same position now where it could happen again.  Personally, I try not to leave more that $10 USD worth of Bitcoin on exchanges at any given time.  But I often wonder how many people, even after the gox fiasco and all this anger over Karpeles living the high life, how many still keep hundreds or even thousands on an exchange instead of in cold storage where it should be.  Satoshi envisaged Bitcoin as peer to peer money, so the fact that so many people rely on exchanges means we're generally doing this all wrong.

I'm not making any excuses for they guy, but as disgusting a creature as Karpeles is, it never would have happened if people were using Bitcoin as intended.

You're forgetting that Bitcoins best use is as a speculative financial instrument. The big Bitcoin economy would be so very much smaller without day traders. It's impossible to buy and sell at an exchange without having something in your account. I have had thousands at an exchange before. I transfer it out only when I know I'm not trading for a while.
there are a number of ways you can speculate with bitcoin without entrusting your funds to an exchange for long periods.
hero member
Activity: 490
Merit: 500
Well, as everyone knows his address, I wonder when the first big bitcoin heist will take place... ...oh wait!
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Wonder how many people got screwed over this.

What I wonder is how many people are in the same position now where it could happen again.  Personally, I try not to leave more that $10 USD worth of Bitcoin on exchanges at any given time.  But I often wonder how many people, even after the gox fiasco and all this anger over Karpeles living the high life, how many still keep hundreds or even thousands on an exchange instead of in cold storage where it should be.  Satoshi envisaged Bitcoin as peer to peer money, so the fact that so many people rely on exchanges means we're generally doing this all wrong.

I'm not making any excuses for they guy, but as disgusting a creature as Karpeles is, it never would have happened if people were using Bitcoin as intended.

You're forgetting that Bitcoins best use is as a speculative financial instrument. The big Bitcoin economy would be so very much smaller without day traders. It's impossible to buy and sell at an exchange without having something in your account. I have had thousands at an exchange before. I transfer it out only when I know I'm not trading for a while.

When you say "best use", perhaps what you actually mean is "most profitable use" (or at least "best use for you"  Tongue ).  Whether speculation is all good news for Bitcoin or not is probably open for debate, heh.  I'd say there's a balance to be struck there and maybe it's not quite in proportion yet.  Perhaps it would mean a smaller economy with less speculators, but by the same token it might also become less volatile and the headlines wouldn't be quite as sensationalist.  We might even see more use as a currency.  Swings and roundabouts I guess.  Many would argue that its best use is to take power away from banks and governments and as a test case for debt-free money creation, as opposed to fiat, where nearly all the money in the economy is comprised of a debt that isn't possible to pay back without removing nearly all the money from the economy.   But then again, Bitcoin is proving to be all things to all people.

I think of all possible uses speculation is probably the best and not just the most profitable. Making everyday purchases with Bitcoin isn't really quite "there" yet. Even exchanging fiat for Bitcoin to buy something you could have just bought with fiat leaves something to be desired. I doubt (but I don't know for a fact) that buying drugs, guns, illegal porn and other niceties with Bitcoin is a very big part of the market. Although, that at least makes sense as far as the hassle of chasing down Bitcoins to make a purchase. Micro payments online? Meh, how many times have you ever wanted to give someone money online because you think they're swell? Besides, how big a market could their be in micro payments anyway.

Bitcoin on the other hand is perfect for speculation. Even the daily potential is better than any other instrument that I can think of and the long term is phenomenal. I personally have made better than 100% increase on my investment in a single day. That beats saving a few bucks to wire money around the world.
legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged
Wonder how many people got screwed over this.

What I wonder is how many people are in the same position now where it could happen again.  Personally, I try not to leave more that $10 USD worth of Bitcoin on exchanges at any given time.  But I often wonder how many people, even after the gox fiasco and all this anger over Karpeles living the high life, how many still keep hundreds or even thousands on an exchange instead of in cold storage where it should be.  Satoshi envisaged Bitcoin as peer to peer money, so the fact that so many people rely on exchanges means we're generally doing this all wrong.

I'm not making any excuses for they guy, but as disgusting a creature as Karpeles is, it never would have happened if people were using Bitcoin as intended.

You're forgetting that Bitcoins best use is as a speculative financial instrument. The big Bitcoin economy would be so very much smaller without day traders. It's impossible to buy and sell at an exchange without having something in your account. I have had thousands at an exchange before. I transfer it out only when I know I'm not trading for a while.

When you say "best use", perhaps what you actually mean is "most profitable use" (or at least "best use for you"  Tongue ).  Whether speculation is all good news for Bitcoin or not is probably open for debate, heh.  I'd say there's a balance to be struck there and maybe it's not quite in proportion yet.  Perhaps it would mean a smaller economy with less speculators, but by the same token it might also become less volatile and the headlines wouldn't be quite as sensationalist.  We might even see more use as a currency.  Swings and roundabouts I guess.  Many would argue that its best use is to take power away from banks and governments and as a test case for debt-free money creation, as opposed to fiat, where nearly all the money in the economy is comprised of a debt that isn't possible to pay back without removing nearly all the money from the economy.   But then again, Bitcoin is proving to be all things to all people.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Wonder how many people got screwed over this.

What I wonder is how many people are in the same position now where it could happen again.  Personally, I try not to leave more that $10 USD worth of Bitcoin on exchanges at any given time.  But I often wonder how many people, even after the gox fiasco and all this anger over Karpeles living the high life, how many still keep hundreds or even thousands on an exchange instead of in cold storage where it should be.  Satoshi envisaged Bitcoin as peer to peer money, so the fact that so many people rely on exchanges means we're generally doing this all wrong.

I'm not making any excuses for they guy, but as disgusting a creature as Karpeles is, it never would have happened if people were using Bitcoin as intended.

You're forgetting that Bitcoins best use is as a speculative financial instrument. The big Bitcoin economy would be so very much smaller without day traders. It's impossible to buy and sell at an exchange without having something in your account. I have had thousands at an exchange before. I transfer it out only when I know I'm not trading for a while.
legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged
Wonder how many people got screwed over this.

What I wonder is how many people are in the same position now where it could happen again.  Personally, I try not to leave more that $10 USD worth of Bitcoin on exchanges at any given time.  But I often wonder how many people, even after the gox fiasco and all this anger over Karpeles living the high life, how many still keep hundreds or even thousands on an exchange instead of in cold storage where it should be.  Satoshi envisaged Bitcoin as peer to peer money, so the fact that so many people rely on exchanges means we're generally doing this all wrong.

I'm not making any excuses for they guy, but as disgusting a creature as Karpeles is, it never would have happened if people were using Bitcoin as intended.
sr. member
Activity: 371
Merit: 250
Coming soon: many pictures from many different angles of Karpeles taking a dump

Given how full of shit he is, that could be a lot of photos.
hero member
Activity: 1470
Merit: 504
I don't see how he'll be able to justify such an exorbitant amount of rent as being a "necessary expense" in his bankruptcy proceedings...

It is not a personal bankruptcy, just the company.
Mark has all his "legit earnings" from those long days and nights as CEO.*
*Except for what the USA Gov't grabbed from his American-based personal account over a year ago.

You can't buy or start a business without taking on personal guarantees unless you use self-financing and pay everything 100% in full. If he isn't filing bankruptcy individually then he must be planning a business restructure or repayment plan... Either way, his "legit earnings" are no different from any of the other company assets under control of the bankruptcy court...
legendary
Activity: 1582
Merit: 1000
Well hello there!
I don't see how he'll be able to justify such an exorbitant amount of rent as being a "necessary expense" in his bankruptcy proceedings...
Of course he will be able to justify it as a "necessary expense".  Have you seen pictures of that toilet?  Have you seen his fat ass?  Only luxury hotel's can accommodate such a substantial derrier!
full member
Activity: 378
Merit: 100
He probably figured, if i am going to jail, i might as well live the high life now.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
I don't see how he'll be able to justify such an exorbitant amount of rent as being a "necessary expense" in his bankruptcy proceedings...

It is not a personal bankruptcy, just the company.
Mark has all his "legit earnings" from those long days and nights as CEO.*
*Except for what the USA Gov't grabbed from his American-based personal account over a year ago.
hero member
Activity: 1470
Merit: 504
I don't see how he'll be able to justify such an exorbitant amount of rent as being a "necessary expense" in his bankruptcy proceedings...
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
This is truly disgusting.
....

An unprotected person like him would be dead by now, so I am seriously claiming to believe he works for a Gov't agency.
I doubt that many people are willing to give up their freedom for potentially the rest of their life just because he may have stolen their money.

I am surprised that he is able to spend this kind of money without attracting attention from the police when so much has gone missing from his business

...without attracting attention from the police...
We have no way to know for certain, but it is possible that someone influential is telling the police to avoid investigation of Mr. Karpeles.
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