Mt Gox CEO resigns from Bitcoin Foundation - page 3.

Lauda

legendary

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Terminated.

Quote from: El Dude on February 23, 2014, 10:21:16 PM

A phone call to Mt. Gox's office in Tokyo rang unanswered.

This was expected, it was time. Unanswered? Is he trying to run for it? I'm not sure how he could escape everything now.

Quote from: sgk on February 24, 2014, 02:57:06 AM

I am being more and more inclined that he was forced to resign, rather than doing it willingly.

Even if he was, this is a good thing. He needed to leave his position. Even many random members from here could have done his job in the foundation, much better than he did.

sgk

legendary

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!! HODL !!

MtGOX just removed all their posts from Twitter:
http://www.coindesk.com/mt-gox-twitter-posts-removed/

I am being more and more inclined that he was forced to resign, rather than doing it willingly.

asyn

newbie

Activity: 25

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As I understand the bitcoinfoundation blog post it's not Mark Karpeles who resigned but his Company Mt.Gox.

He is on the board as individual and Mt.Gox has a industry membership. The blog post refers only to the industry membership of the company.

Mister Latte is still on the board.

rohnearner

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REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: Skinnkavaj on February 23, 2014, 10:56:51 PM

Is it over now?

it should be over, but there are still so many questions to be answered .! but its really unrealistic for me to hear any good news from mt-gox .so the chapter is closed for me.

BTCisthefuture

sr. member

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Well expect some short term dips again cause of this... and the some more dips days weeks or months from now when something gox related comes out and affectst he price again.

Should be good for bitcoin in the long run though, can't be having ameature companies like this constantly causing problems. And with all do respect if you're the CEO then you should take the fall for it.

Armis

hero member

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Quote from: grifferz on February 24, 2014, 12:51:44 AM

The thread on the foundation's board was interesting:

https://bitcoinfoundation.org/forum/index.php?/topic/740-petition-to-remove-mark-karpeles-from-the-bitcoin-foundation-board/

I would have loved to have been a fly on the virtual wall for some of their internal discussions over this, as I don't think it very likely that the other board members would have remained totally silent until Karpeles out of nowhere would just offer his resignation.

Do they now have a problem with quorum? A poster there mentioned that they had to add two board spots to have a chance at quorum, and that losing Karpeles would cause problems there again.

After reading the first page of that my neck got tired of shaking back and forth.

I could not believe that they confused 'membership revocation' with 'director removal'. Just because you remove someone from the board doesn't mean that you remove them as a member of the community. Clearly, if you remove them from the community they are automatically removed from the board if membership is required to be a board member.

Armis

hero member

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Quote from: glendall on February 24, 2014, 12:44:05 AM

I don't know about anyone else but I'm gonna celebrate when Gox false off of the Internet.

They caused enough trouble, be great for another more competent exchange with better software take over, such as Kraken.

You know what, given the whole air of impropriety and malfeasance people continued, and still today, continue to invest in Mt. Gox btc, so I no longer wish them gone, I now see that people like them are necessary evils for the market to operate in a way that values excellence and integrity.

"Mt Gox" type businesses will always exist in the cryptocurrency industry.

CoinsForTech

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5% Bitcoin Discount - All Orders

Quote from: robelneo on February 24, 2014, 01:09:17 AM

Hopefully this will not happen again in the future it imperil the cryptocurrency industry we can now move forward and learn on this
hopefully bitcoin's value will zoomed to $1000 again

In the long run this is definitely a positive. Anyone in the community for a few months knows that MtGox has been the weakest link in the frontline of big bitcoin businesses for a long time.

The issue is how the general public and media will react in the short term.

robelneo

legendary

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Hopefully this will not happen again in the future it imperil the cryptocurrency industry we can now move forward and learn on this
hopefully bitcoin's value will zoomed to $1000 again

Justin00

legendary

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★YoBit.Net★ 350+ Coins Exchange & Dice

ooo you joined in 2012.
so you know the truth about most of these scum bags yeah

??
You know how some of them got fancy cars =)

Its funny cause I pretty much log everything, including forums. I will post up the hole bitcoin history, with everyones quotes.. for the SEC or anyone searching on google to see

I just need a spare 15 weeks to get it all in order. I'm not so good at recording data I save Sad

Justin00

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FINALLY!!!!! Someone else who see's it.
friend, I have been searching for you for a long time

Quote from: seriouscoin on February 23, 2014, 11:00:43 PM

Quote from: Nathonas on February 23, 2014, 10:58:27 PM

What does the bitcoin foundation do exactly? So far I've only heard bad press about them.

They dont do crap.... dont be deceived by their name. They're a private organization that should not represent us, bitcoin community. To me many of them are just plain scammers.... like " Hero Member" on this forum.

grifferz

full member

Activity: 154

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The thread on the foundation's board was interesting:

https://bitcoinfoundation.org/forum/index.php?/topic/740-petition-to-remove-mark-karpeles-from-the-bitcoin-foundation-board/

I would have loved to have been a fly on the virtual wall for some of their internal discussions over this, as I don't think it very likely that the other board members would have remained totally silent until Karpeles out of nowhere would just offer his resignation.

Do they now have a problem with quorum? A poster there mentioned that they had to add two board spots to have a chance at quorum, and that losing Karpeles would cause problems there again.

glendall

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Buzz App - Spin wheel, farm rewards

I don't know about anyone else but I'm gonna celebrate when Gox false off of the Internet.

They caused enough trouble, be great for another more competent exchange with better software take over, such as Kraken.

bomb7

newbie

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Merit: 0

Quote from: bananas on February 23, 2014, 11:34:49 PM

Good news but watch GoxCoin price down to usd$0.01

I hope so, I`ll buy a million at that price - even if I have a 90% chance of losing it all.

As for a sell wall being placed there by insiders ... you guys need to know that regular traders do that in order to push the price down so they can buy cheaper coins. And when they want the price to increase they please a big buy wall (or a string of smaller ones). The wall makes it so you have to outbid them in order to get your order processed, otherwise it will be stuck in line behind theirs for a long time. It also has the psychological effect of making scared people buy or sell because they think everyone else is buying/selling (when really it`s a market manipulation that goes back and forth and you can just wait for the swing in the opposite direction).

bananas

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