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Topic: Mt Gox CEO Mark Karpeles Implicated in Silk Road Trial - page 3. (Read 4607 times)

legendary
Activity: 1778
Merit: 1043
#Free market
Didn't expect that kind of a twist. I wonder if Karpeles is also behind the collapse of the Euro and farting most of world's greenhouse gas emissions  Grin

Good attempt by Ulbricht's lawyers, it might actually work out for their client.

.... Wait , wait ... and if karpeles is satoshi  Grin .  Guys  , we should wait an huge pump , very soon!
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Wow...so nobody actually read the article?


The agent said that he had considered Mark Karpeles might be running Silk Road because it would be a good way to keep the Bitcoin price under control.


So, an agent has a theory a long time ago, backed up by his own opinion for a short amount of time.


The defense is trying to create reasonable doubt. That is like having a murder trial and asking "did you have any other suspects? Oh, you suspected the husband!?!...very interesting...."
full member
Activity: 139
Merit: 100
www.secondstrade.com - 190% return Binary option
And that my friends is called "reasonable doubt"! Looks like Ross might have a shot after all!

And this could easily explain the Mt. Gox lost coins. They couldn't get to them because the government had seized them, or at least a good portion anyway.
I would personally doubt that any reasonable doubt comes from the allegation that Mark was DPR. I would personally say that it would be much more likely that he is found guilty and then evidence used against him is found to be inadmissible because of 4th amendment claims.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Didn't expect that kind of a twist. I wonder if Karpeles is also behind the collapse of the Euro and farting most of world's greenhouse gas emissions  Grin

Good attempt by Ulbricht's lawyers, it might actually work out for their client.
full member
Activity: 229
Merit: 100
CakeBet Bitcoin Casino
Need. Popcorn.  Grin
legendary
Activity: 1904
Merit: 1074
Some people might have known this, before the price "collapse" and dumped a lot of coins.

Things are picking up again, so it was not a big train smash or the "Doom" or "Death" of Bitcoin as was predicted by the Shills / Trolls / ButtF$%'ers  Wink
full member
Activity: 224
Merit: 100
Maybe that was the "big news" that Adam guerbuez declared in one of his tweet (but I'm not sure). Will this news affect the price or not? What do you think ?

I don't see how the news alone would. But him selling the coins might .
legendary
Activity: 1778
Merit: 1043
#Free market
Maybe that was the "big news" that Adam guerbuez declared in one of his tweet (but I'm not sure). Will this news affect the price or not? What do you think ?
hero member
Activity: 732
Merit: 500
Nosce te Ipsum
And that my friends is called "reasonable doubt"! Looks like Ross might have a shot after all!

And this could easily explain the Mt. Gox lost coins. They couldn't get to them because the government had seized them, or at least a good portion anyway.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
I could see Karpeles following the same pattern as OJ.

OJ was never convicted for murder but his bad
karma led him to more bad decisions and robbing
a store, and ended up in jail just the same.

Karpeles never got caught for the Gox theft
(even if you believe it wasn't theft, it was
at minimum criminal negligence)... but maybe
gets skewered for Silk Road.

In any case, the harm he did to investors
is probably far greater than what DPR did
in running Silk Road -- actually I think DPR
probably helped reduce drug violence.

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.
So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  
Because they are ALL outlaw. they are not MSB as it is required.
I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.
According to the FINCEN:
" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
It's just a matter of time until all the so called exchangers will be closed.
SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.
Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?
What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !

Coinbase follows KYC rules of being a money transmitter whether it applies to them or not.  Bitinstant made the mistake of linking to silkroad.  You ask whats the difference?  Evidently alot which includes a court case and jail time.

Being licensed means that you, as company is supervised by a gov authority. You have to respect MANY aspects as being financial institution.

 You can have as many KYC rules you want. If you are NOT licensed as MSB, you  will be arrested sooner or later.

There XXXX examples of people who received jail sentence for Unlicensed Money Transmitters.

BUT being MSB, you cannot deal with anonymous systems/transactions like Bitcoin. This is the law.

Remember, Bitinstant owner, Bitcoin Foundation's member (Charlie Shrem ) was arrested and HE pleads guilty to operating unlicensed money transmitting business. He will be in jail for 2 years.

How is Coinbase, Kraken or Bitstamp different than Bitinstant? There are NOT so they are facing the same faith.


i think what we need is a true decentralized exchange all dealing with a decentralized, pegged bit.USD (or any fiat) implementation. something that the govt. would need to shut the internet down to stop its services.

save us cody wilson, amir taaki, peter todd.
hero member
Activity: 686
Merit: 500
Ultranode
http://www.reddit.com/r/Bitcoin/comments/2skgcr/i_was_at_the_ross_ulbricht_silk_road_trial_day_3/

This redditor claims to have been at the trial today and is answering questions.

Quote
quodestlicitum
 
The truth is I have no idea. But for purposes of the trial, whether I believe it is actually Mark Karpeles or not, isn't relevant. The defense is doing an excellent job of introducing reasonable doubt.

Keep in mind, the defense didn't mention Mark Karpeles in their opening statement. Dratel was able to get all this information out of the government's own witness on cross-examination. The government's own witness thought Karpeles was the invisible hand behind silk road, and that ashley barr was dpr.

Dratel asked Agent DerYaghiayan about information they had subpoenaed from Dwolla, and whether Ulbricht and Karpeles had moved money. Ulbricht had moved a few thousand dollars over 2 years. On the other hand, there was a firehose of money coming from Mt. Gox through Dwolla. Mutem Sigellum (Karepeles' holding company) had a transaction list 1000 pages long.
legendary
Activity: 1470
Merit: 1004
Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.
So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  
Because they are ALL outlaw. they are not MSB as it is required.
I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.
According to the FINCEN:
" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
It's just a matter of time until all the so called exchangers will be closed.
SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.
Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?
What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !

Coinbase follows KYC rules of being a money transmitter whether it applies to them or not.  Bitinstant made the mistake of linking to silkroad.  You ask whats the difference?  Evidently alot which includes a court case and jail time.

Being licensed means that you, as company is supervised by a gov authority. You have to respect MANY aspects as being financial institution.

 You can have as many KYC rules you want. If you are NOT licensed as MSB, you  will be arrested sooner or later.

There XXXX examples of people who received jail sentence for Unlicensed Money Transmitters.

BUT being MSB, you cannot deal with anonymous systems/transactions like Bitcoin. This is the law.

Remember, Bitinstant owner, Bitcoin Foundation's member (Charlie Shrem ) was arrested and HE pleads guilty to operating unlicensed money transmitting business. He will be in jail for 2 years.

How is Coinbase, Kraken or Bitstamp different than Bitinstant? There are NOT so they are facing the same faith.
hero member
Activity: 1372
Merit: 783
better everyday ♥
Wow this is some crazy news headline right here!

Just when you think you know every angle of the story, they hit you with the plot twist.

http://www.wired.com/2015/01/dhs-believed-mt-gox-ceo-might-silk-roads-secret-mastermind/

The moral of the story.  Never trust a French man, they're all coward shady dishonorable scumbags!

MagicalTux = Dread Pirate Roberts

sr. member
Activity: 378
Merit: 250
Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.
So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  
Because they are ALL outlaw. they are not MSB as it is required.
I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.
According to the FINCEN:
" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
It's just a matter of time until all the so called exchangers will be closed.
SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.
Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?
What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !

Coinbase follows KYC rules of being a money transmitter whether it applies to them or not.  Bitinstant made the mistake of linking to silkroad.  You ask whats the difference?  Evidently alot which includes a court case and jail time.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Because they are ALL outlaw. they are not MSB as it is required.

Of course they are.  The information is public record so it should be easy to disprove
http://www.fincen.gov/financial_institutions/msb/msbstateselector.html
sr. member
Activity: 406
Merit: 250
Good.  Hopefully they throw the books at him.  How he's a free man still investing up til now escapes me.

But just like OJ simpson, you can commit murder once and get away with it, but you'll eventually eff' up again and reap what you sew.
legendary
Activity: 1470
Merit: 1004
Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.

So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  

Because they are ALL outlaw. they are not MSB as it is required.

I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.

According to the FINCEN:

" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."

It's just a matter of time until all the so called exchangers will be closed.

SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.

Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?

What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !


newbie
Activity: 4
Merit: 0
Interesting theory. Dred Pirate Roberts left some clues behind that defines his unique tastes:
1. He had a flair for articulate writing. Even posts regarding updates had a formal style. Whoever it was, they had attractive leadership qualities. He was a hero and never wrote anything slang or youthful. Just like a true CEO or what you'd expect a leader to write. He had grace during the most challenging times in the market's history.

2. Book club. DPR hosted a Solk Road book club and actively participated in it and recommended books to read. It was obvious this club was just to spread his views and generate hype over Libertarianism. His Favorite books were mostly related to politics, economy, Libertarians, history of Libertarian in Europe, etc.

3. He was certainly not young or American.
I recall some British style English. Although, he did write how he changes his writing style to foil writing style algorithms.

4. Crypto crazy. He was a master of encrypyion tools & Bitcoin. Always recommending tools and updates in posts. Signed with his PGP key always.

5. He was a bad coder. His posts regarding PHP code was often criticized by users who were more versed coders. However, he was an excellent writer, very technical on economics. Never did he mention anything about pop culture. Like he was older or isolated.

There's more.
legendary
Activity: 1974
Merit: 1029
And from where they got this smart conclusion ? That witness is just claiming tho ? Or he got at least some proofs

Lotsa proof, he said. http://motherboard.vice.com/read/defense-in-silk-road-trial-says-mt-gox-ceo-was-the-real-dread-pirate-roberts
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