Mark Karpeles Personal Bitcoin Holdings

S4VV4S

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Quote from: surfer43 on March 02, 2014, 04:54:19 PM

Quote from: S4VV4S on March 02, 2014, 04:20:29 PM

Quote from: surfer43 on March 02, 2014, 03:51:53 PM

Quote from: S4VV4S on March 02, 2014, 12:27:38 PM

Quote from: surfer43 on March 02, 2014, 12:07:50 PM

Quote from: S4VV4S on March 02, 2014, 09:25:08 AM

Quote from: BitCoinNutJob on March 02, 2014, 05:58:34 AM

where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?

er... Yes

So doesn't that make Mark's wallet the biggest in the world?

No. Satoshi is estimated to have at least 1 million bitcoin stored in addresses with 50 BTC each.

That is just an estimation.

Also, many people mined back then and then deleted their wallets because it was worthless at the time.

So it is not certain as to how much coins Satoshi mined.

Also, it is not also certain that Satoshi even kept his wallets.

So it is not certain as to how much coins anyone has.

Quote

So doesn't that make Mark's wallet the biggest in the world?

No one knows...

^^^ that is true, but that is also the main purpose behind Bitcoin.
Protecting your assets by keeping your personal information personal Wink

surfer43

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Quote from: S4VV4S on March 02, 2014, 04:20:29 PM

Quote from: surfer43 on March 02, 2014, 03:51:53 PM

Quote from: S4VV4S on March 02, 2014, 12:27:38 PM

Quote from: surfer43 on March 02, 2014, 12:07:50 PM

Quote from: S4VV4S on March 02, 2014, 09:25:08 AM

Quote from: BitCoinNutJob on March 02, 2014, 05:58:34 AM

where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?

er... Yes

So doesn't that make Mark's wallet the biggest in the world?

No. Satoshi is estimated to have at least 1 million bitcoin stored in addresses with 50 BTC each.

That is just an estimation.

Also, many people mined back then and then deleted their wallets because it was worthless at the time.

So it is not certain as to how much coins Satoshi mined.

Also, it is not also certain that Satoshi even kept his wallets.

So it is not certain as to how much coins anyone has.

Quote

So doesn't that make Mark's wallet the biggest in the world?

No one knows...

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: surfer43 on March 02, 2014, 03:51:53 PM

Quote from: S4VV4S on March 02, 2014, 12:27:38 PM

Quote from: surfer43 on March 02, 2014, 12:07:50 PM

Quote from: S4VV4S on March 02, 2014, 09:25:08 AM

Quote from: BitCoinNutJob on March 02, 2014, 05:58:34 AM

where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?

er... Yes

So doesn't that make Mark's wallet the biggest in the world?

No. Satoshi is estimated to have at least 1 million bitcoin stored in addresses with 50 BTC each.

That is just an estimation.

Also, many people mined back then and then deleted their wallets because it was worthless at the time.

So it is not certain as to how much coins Satoshi mined.

Also, it is not also certain that Satoshi even kept his wallets.

surfer43

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Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: S4VV4S on March 02, 2014, 12:27:38 PM

Quote from: surfer43 on March 02, 2014, 12:07:50 PM

Quote from: S4VV4S on March 02, 2014, 09:25:08 AM

Quote from: BitCoinNutJob on March 02, 2014, 05:58:34 AM

where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?

er... Yes

So doesn't that make Mark's wallet the biggest in the world?

No. Satoshi is estimated to have at least 1 million bitcoin stored in addresses with 50 BTC each.

mysidia

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Activity: 93

Merit: 10

Quote from: Epinnoia on March 02, 2014, 07:25:48 AM

There is a problem with this. They're not tangible. What you are REALLY speaking about are KEYS. And those keys can be entirely in his head with a service like brainwallet. He could create a relatively long passphrase, and then append something akin to "wallet001" to the end of it. And he'd have 1000 wallets in his head. You think you can compel him to give them out? Ha!

You can't fight city hall. If the regulators become aware of him holding large amounts of personal bitcoins, the court can issue an order that he act to transfer them to state custody.

And they WILL be watching him, after his company walked away with 500 million in customer assets.
There's a good chance he could be ordered to pay retribution.

In the event he refuses, he can be held in contempt and put in jail until he becomes compliant.

Otherwise: he may be compelled to swear to a statement about his personal assets.
If the statement is later found to be wrong, then he goes to prison for 40 years.

What good is 1000 wallets in your head, when you may be locked away for life should you spend even one coin?

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

im pretty sure it was in an interview with forbes saying mark karpeles has over 300k PERSONAL bitcoin holdings, i think the figure was 338k hmmm not sure though. i cant find the link, its out there on the internet.

remember the 120k is MtGox the company. i dont believe he has lost his personal bitcoin holdings, because he wouldnt keep that with the company.

S4VV4S

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Activity: 1582

Merit: 502

Quote from: surfer43 on March 02, 2014, 12:07:50 PM

Quote from: S4VV4S on March 02, 2014, 09:25:08 AM

Quote from: BitCoinNutJob on March 02, 2014, 05:58:34 AM

where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?

er... Yes

So doesn't that make Mark's wallet the biggest in the world?

surfer43

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Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: S4VV4S on March 02, 2014, 09:25:08 AM

Quote from: BitCoinNutJob on March 02, 2014, 05:58:34 AM

where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?

er... Yes

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: BitCoinNutJob on March 02, 2014, 05:58:34 AM

where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

I could be wrong but,
Wouldn't that be more than what the FBI has seized from Silkroad and DPR?

LiteCoinGuy

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Activity: 1148

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In Satoshi I Trust

i guess he owns 850.000 BTC Wink

lorix

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Quote from: Epinnoia on March 02, 2014, 07:25:48 AM

Quote from: lorix on March 02, 2014, 05:48:51 AM

Quote from: jabo38 on March 02, 2014, 02:42:17 AM

surely they are tucked away so that later on when the heat is off of him, he can make away with it.

True, but if authorities have reason to suspect he is holding onto Bitcoins he may be forced to hand them over as part of a settlement.

There is a problem with this. They're not tangible. What you are REALLY speaking about are KEYS. And those keys can be entirely in his head with a service like brainwallet. He could create a relatively long passphrase, and then append something akin to "wallet001" to the end of it. And he'd have 1000 wallets in his head. You think you can compel him to give them out? Ha!

Given the amount of money involved - yes.

Add to that the prospect a number of very bad people likely had a fair few BTC on there I wouldn't be surprised if someone tries to motivate him.

Bonio

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Quote from: Epinnoia on March 02, 2014, 07:25:48 AM

You think you can compel him to give them out? Ha!

....erm .... yes

Someone could Wink

p-webcorp

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Creating an authority what block 'blacklisted' public addresses to send and receive trabsfers, if impossible to confirm the transfer, the value is vault =0. Haha, and no more hack, and no any country authoity to take anything.
Blocking the last 5000 bitcoin 'out' from mtgox, and if someone reclame the coins, just need to proove the origin(mining-buy).
If any transfer connected to familiar to employees to gox, then stay blocked, unlock=handling the private key to this coinauthority and they redistribute to the rightful owners.
With real money you can not make the same

Epinnoia

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Quote from: lorix on March 02, 2014, 05:48:51 AM

Quote from: jabo38 on March 02, 2014, 02:42:17 AM

surely they are tucked away so that later on when the heat is off of him, he can make away with it.

True, but if authorities have reason to suspect he is holding onto Bitcoins he may be forced to hand them over as part of a settlement.

There is a problem with this. They're not tangible. What you are REALLY speaking about are KEYS. And those keys can be entirely in his head with a service like brainwallet. He could create a relatively long passphrase, and then append something akin to "wallet001" to the end of it. And he'd have 1000 wallets in his head. You think you can compel him to give them out? Ha!

BitCoinNutJob

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where is that article which says mark karpeles has 330k personal bitcoins..... it was 8 months ago approx, reuters or forbes i think

kwukduck

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My guess would be he has anywhere between 10.000 and 80.000 btc.

grifferz

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Quote from: lorix on March 02, 2014, 05:48:51 AM

True, but if authorities have reason to suspect he is holding onto Bitcoins he may be forced to hand them over as part of a settlement.

The same authorities who have so far gone on record as saying bitcoin has no value?

lorix

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Activity: 148

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Quote from: jabo38 on March 02, 2014, 02:42:17 AM

surely they are tucked away so that later on when the heat is off of him, he can make away with it.

True, but if authorities have reason to suspect he is holding onto Bitcoins he may be forced to hand them over as part of a settlement.

tanil

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Possible bu who can escape with 350 billion dollars and where?

jabo38

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mining is so 2012-2013

surely they are tucked away so that later on when the heat is off of him, he can make away with it.

Nathonas

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Knowledge is Power

Probably a few thousand if I had to guess. No way he's sharing that with customers tho :]

lorix

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Is there any information out there regarding any Bitcoins Mark holds himself personally?

He no doubt would have a number under his belt and it wouldn't be a stretch to assume he kept them off his own exchange for obvious reasons.

I'm not going to speculate on insider issues here, but that aside would MtGox customers be able to make some sort of claim and get a ruling for restitution from any personal assets that he holds? (That's assuming he hasn't conveniently forgotten his own private keys)

Topic: Mark Karpeles Personal Bitcoin Holdings (Read 2445 times)