New Poll regarding Mark and his money.

Kiki112

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Quote

I'd be more inclined to think that they were either lost or stolen by someone else. They just ran a shoddy business and were being throttled by governmental restrictions, not to mentioned they already had money seized.

hmm, that might be true but that makes our 190 IQ statement totally off the charts Cheesy

mprep

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Quote from: iram3130 on March 01, 2014, 09:55:31 AM

Quote from: serje on February 28, 2014, 08:36:58 PM

i said more than 5 milions

for example let's take poloniex.com

they have more than 13000 users registered

24 h volumes is 567 BTC

that means they made around 1.2 BTC/24h

mtgox had more than 1000000 customers

we assume mtgox had the same trading volumes for every 13.000 customers they had and the same fees like poloniex.com

that means mtgox made 92BTC/24h

mtgox was bought by mark in March 2011 and we will pretend he bought it on 31st March

from 31st March 2011 till 24 February 2014 are almost 3 years so we will pretend that they didn't operated in December 2013 so that we have mtgox was working for around 33 moths

92*33=3036BTC in fees

we exchange that 3036 btc at the highest price from December

3036*1200=3643200$

and we all not mtgox volume per day was around 50000BTC but the numbers would have been to high for me to calculate!

I think you are wrong in your computation.

92btc in 24 hours right? 92 must be multiplied to 30, To get the total number commission on that month.

92 btc * 30 days = 2760 btc per month.

2760 btc * 33 months = 91, 080 btc in 33 months.

91,080 btc * 1200 = $109,296,000

Damn, that's a lot of money. Shocked

iram3130

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Quote from: serje on February 28, 2014, 08:36:58 PM

i said more than 5 milions

for example let's take poloniex.com

they have more than 13000 users registered

24 h volumes is 567 BTC

that means they made around 1.2 BTC/24h

mtgox had more than 1000000 customers

we assume mtgox had the same trading volumes for every 13.000 customers they had and the same fees like poloniex.com

that means mtgox made 92BTC/24h

mtgox was bought by mark in March 2011 and we will pretend he bought it on 31st March

from 31st March 2011 till 24 February 2014 are almost 3 years so we will pretend that they didn't operated in December 2013 so that we have mtgox was working for around 33 moths

92*33=3036BTC in fees

we exchange that 3036 btc at the highest price from December

3036*1200=3643200$

and we all not mtgox volume per day was around 50000BTC but the numbers would have been to high for me to calculate!

I think you are wrong in your computation.

92btc in 24 hours right? 92 must be multiplied to 30, To get the total number commission on that month.

92 btc * 30 days = 2760 btc per month.

2760 btc * 33 months = 91, 080 btc in 33 months.

91,080 btc * 1200 = $109,296,000

hilariousandco

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Quote from: Kiki112 on March 01, 2014, 07:08:57 AM

Quote from: hilariousandco on February 28, 2014, 08:57:38 PM

Quote from: Kiki112 on February 28, 2014, 08:23:37 PM

Quote from: hilariousandco on February 28, 2014, 01:07:47 PM

Quote from: Dafar on February 28, 2014, 11:15:13 AM

Quote from: hilariousandco on February 28, 2014, 08:55:19 AM

Quote from: Dafar on February 27, 2014, 07:27:43 PM

If you are talking about his net worth I'm sure he had well over $5 million just from running MtGox.

Now he's got a 700,000 or more btc bonus too. That's if he is actually committing a crime

How do you know these figures? And I'm not sure if he has committed any crimes - well, unless being guilty of running a shoddy business is a crime Cheesy

.

About his net worth? I don't but given that MtGox is one of the most well-known bitcoin exchanges in the world it definitely generated millions through fees, high traffic and ad revenue. I also heard that he didn't have any employees, just contractors

As far as him pocketing people's BTC, who knows. I don't like to point fingers before I know something for sure. I kinda feel bad for him, he probably has a bounty on his head...it's likely a lot of the shady early adopters from the Silk Road days had their BTCs in Gox.

It was one of the most well-known, but people kinda stopped sending money to it a while ago as they couldn't get anything in or out. He's also probably lost a lot of the money in one way or another. I am starting to feel a bit sorry for him. I just think he's a bit clueless. He might be a great programmer but he's not much of a businessman.

why do you think so?

I think it's more likely that he knew exacly what he was doing and stole hundreds of thousands of bitcoins for himself..

Why do you think so? He doesn't strike me as a master criminal / scammer. I doubt he even needed any Bitcoins the amount he was making and had made in commissions.

that is true, but how could everything collapse so fast without any outside influence?

I'd be more inclined to think that they were either lost or stolen by someone else. They just ran a shoddy business and were being throttled by governmental restrictions, not to mentioned they already had money seized.

Kiki112

full member

Activity: 196

Merit: 101

Quote from: hilariousandco on February 28, 2014, 08:57:38 PM

Quote from: Kiki112 on February 28, 2014, 08:23:37 PM

Quote from: hilariousandco on February 28, 2014, 01:07:47 PM

Quote from: Dafar on February 28, 2014, 11:15:13 AM

Quote from: hilariousandco on February 28, 2014, 08:55:19 AM

Quote from: Dafar on February 27, 2014, 07:27:43 PM

If you are talking about his net worth I'm sure he had well over $5 million just from running MtGox.

Now he's got a 700,000 or more btc bonus too. That's if he is actually committing a crime

How do you know these figures? And I'm not sure if he has committed any crimes - well, unless being guilty of running a shoddy business is a crime Cheesy

.

About his net worth? I don't but given that MtGox is one of the most well-known bitcoin exchanges in the world it definitely generated millions through fees, high traffic and ad revenue. I also heard that he didn't have any employees, just contractors

As far as him pocketing people's BTC, who knows. I don't like to point fingers before I know something for sure. I kinda feel bad for him, he probably has a bounty on his head...it's likely a lot of the shady early adopters from the Silk Road days had their BTCs in Gox

It was one of the most well-known, but people kinda stopped sending money to it a while ago as they couldn't get anything in or out. He's also probably lost a lot of the money in one way or another. I am starting to feel a bit sorry for him. I just think he's a bit clueless. He might be a great programmer but he's not much of a businessman.

why do you think so?

I think it's more likely that he knew exacly what he was doing and stole hundreds of thousands of bitcoins for himself..

Why do you think so? He doesn't strike me as a master criminal / scammer. I doubt he even needed any Bitcoins the amount he was making and had made in commissions.

that is true, but how could everything collapse so fast without any outside influence?

hilariousandco

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Activity: 4018

Merit: 2728

Join the world-leading crypto sportsbook NOW!

Quote from: Kiki112 on February 28, 2014, 08:23:37 PM

Quote from: hilariousandco on February 28, 2014, 01:07:47 PM

Quote from: Dafar on February 28, 2014, 11:15:13 AM

Quote from: hilariousandco on February 28, 2014, 08:55:19 AM

Quote from: Dafar on February 27, 2014, 07:27:43 PM

If you are talking about his net worth I'm sure he had well over $5 million just from running MtGox.

Now he's got a 700,000 or more btc bonus too. That's if he is actually committing a crime

How do you know these figures? And I'm not sure if he has committed any crimes - well, unless being guilty of running a shoddy business is a crime Cheesy

.

About his net worth? I don't but given that MtGox is one of the most well-known bitcoin exchanges in the world it definitely generated millions through fees, high traffic and ad revenue. I also heard that he didn't have any employees, just contractors

As far as him pocketing people's BTC, who knows. I don't like to point fingers before I know something for sure. I kinda feel bad for him, he probably has a bounty on his head...it's likely a lot of the shady early adopters from the Silk Road days had their BTCs in Gox

It was one of the most well-known, but people kinda stopped sending money to it a while ago as they couldn't get anything in or out. He's also probably lost a lot of the money in one way or another. I am starting to feel a bit sorry for him. I just think he's a bit clueless. He might be a great programmer but he's not much of a businessman.

why do you think so?

I think it's more likely that he knew exacly what he was doing and stole hundreds of thousands of bitcoins for himself..

Why do you think so? He doesn't strike me as a master criminal / scammer. I doubt he even needed any Bitcoins the amount he was making and had made in commissions.

serje

legendary

Activity: 1232

Merit: 1002

i said more than 5 milions

for example let's take poloniex.com

they have more than 13000 users registered

24 h volumes is 567 BTC

that means they made around 1.2 BTC/24h

mtgox had more than 1000000 customers

we assume mtgox had the same trading volumes for every 13.000 customers they had and the same fees like poloniex.com

that means mtgox made 92BTC/24h

mtgox was bought by mark in March 2011 and we will pretend he bought it on 31st March

from 31st March 2011 till 24 February 2014 are almost 3 years so we will pretend that they didn't operated in December 2013 so that we have mtgox was working for around 33 moths

92*33=3036BTC in fees

we exchange that 3036 btc at the highest price from December

3036*1200=3643200$

and we all not mtgox volume per day was around 50000BTC but the numbers would have been to high for me to calculate!

Kiki112

full member

Activity: 196

Merit: 101

Quote from: hilariousandco on February 28, 2014, 01:07:47 PM

Quote from: Dafar on February 28, 2014, 11:15:13 AM

Quote from: hilariousandco on February 28, 2014, 08:55:19 AM

Quote from: Dafar on February 27, 2014, 07:27:43 PM

If you are talking about his net worth I'm sure he had well over $5 million just from running MtGox.

Now he's got a 700,000 or more btc bonus too. That's if he is actually committing a crime

How do you know these figures? And I'm not sure if he has committed any crimes - well, unless being guilty of running a shoddy business is a crime Cheesy

.

About his net worth? I don't but given that MtGox is one of the most well-known bitcoin exchanges in the world it definitely generated millions through fees, high traffic and ad revenue. I also heard that he didn't have any employees, just contractors

As far as him pocketing people's BTC, who knows. I don't like to point fingers before I know something for sure. I kinda feel bad for him, he probably has a bounty on his head...it's likely a lot of the shady early adopters from the Silk Road days had their BTCs in Gox

It was one of the most well-known, but people kinda stopped sending money to it a while ago as they couldn't get anything in or out. He's also probably lost a lot of the money in one way or another. I am starting to feel a bit sorry for him. I just think he's a bit clueless. He might be a great programmer but he's not much of a businessman.

why do you think so?

I think it's more likely that he knew exacly what he was doing and stole hundreds of thousands of bitcoins for himself..

hilariousandco

global moderator

Activity: 4018

Merit: 2728

Join the world-leading crypto sportsbook NOW!

Quote from: Dafar on February 28, 2014, 11:15:13 AM

Quote from: hilariousandco on February 28, 2014, 08:55:19 AM

Quote from: Dafar on February 27, 2014, 07:27:43 PM

If you are talking about his net worth I'm sure he had well over $5 million just from running MtGox.

Now he's got a 700,000 or more btc bonus too. That's if he is actually committing a crime

How do you know these figures? And I'm not sure if he has committed any crimes - well, unless being guilty of running a shoddy business is a crime Cheesy

.

About his net worth? I don't but given that MtGox is one of the most well-known bitcoin exchanges in the world it definitely generated millions through fees, high traffic and ad revenue. I also heard that he didn't have any employees, just contractors

As far as him pocketing people's BTC, who knows. I don't like to point fingers before I know something for sure. I kinda feel bad for him, he probably has a bounty on his head...it's likely a lot of the shady early adopters from the Silk Road days had their BTCs in Gox

It was one of the most well-known, but people kinda stopped sending money to it a while ago as they couldn't get anything in or out. He's also probably lost a lot of the money in one way or another. I am starting to feel a bit sorry for him. I just think he's a bit clueless. He might be a great programmer but he's not much of a businessman.

Dafar

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Activity: 1330

Merit: 1000

dafar consulting

Quote from: hilariousandco on February 28, 2014, 08:55:19 AM

Quote from: Dafar on February 27, 2014, 07:27:43 PM

If you are talking about his net worth I'm sure he had well over $5 million just from running MtGox.

Now he's got a 700,000 or more btc bonus too. That's if he is actually committing a crime

How do you know these figures? And I'm not sure if he has committed any crimes - well, unless being guilty of running a shoddy business is a crime Cheesy

.

About his net worth? I don't but given that MtGox is one of the most well-known bitcoin exchanges in the world it definitely generated millions through fees, high traffic and ad revenue. I also heard that he didn't have any employees, just contractors

As far as him pocketing people's BTC, who knows. I don't like to point fingers before I know something for sure. I kinda feel bad for him, he probably has a bounty on his head...it's likely a lot of the shady early adopters from the Silk Road days had their BTCs in Gox

hostmaster

sr. member

Activity: 266

Merit: 250

itsnotmy business but i think he made nothing one of biggest collapse in recent 10 year i know. He was success story how to ruin a good growing business at this level :-)

hilariousandco

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Quote from: Dafar on February 27, 2014, 07:27:43 PM

If you are talking about his net worth I'm sure he had well over $5 million just from running MtGox.

Now he's got a 700,000 or more btc bonus too. That's if he is actually committing a crime

How do you know these figures? And I'm not sure if he has committed any crimes - well, unless being guilty of running a shoddy business is a crime Cheesy

.

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

If you are talking about his net worth I'm sure he had well over $5 million just from running MtGox.

Now he's got a 700,000 or more btc bonus too. That's if he is actually committing a crime

sickhouse

hero member

Activity: 490

Merit: 500

Uhm shouldn't he recive a ton of lawsuits now? Literally? From all over ze world? He should be on minus then by logic!

Bit_Happy

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A Great Time to Start Something!

Meow?

Kiki112

full member

Activity: 196

Merit: 101

Quote from: Bobsurplus on February 27, 2014, 03:28:40 PM

Quote from: Luno on February 27, 2014, 02:52:01 PM

He tattooed his cat with the keys, so let's put a shaver to his ginger pussy!

Imagine.. that would have been really smart, until the cat runs away!

he would charish the memory of his cat among his keys Cheesy

Bobsurplus

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Activity: 1008

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Making money since I was in the womb! @emc2whale

Quote from: Luno on February 27, 2014, 02:52:01 PM

He tattooed his cat with the keys, so let's put a shaver to his ginger pussy!

Imagine.. that would have been really smart, until the cat runs away!

Luno

sr. member

Activity: 504

Merit: 250

He tattooed his cat with the keys, so let's put a shaver to his ginger pussy!

guybrushthreepwood

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Probably doesn't have any. Probably spent it on burgers and frappuccinos.

Kiki112

full member

Activity: 196

Merit: 101

well a wild guess is that over a 700 000 bitcoins have been stolen on MtGox so it would be a hell lot of more..

altough I find this number too large to be realistic..

Topic: New Poll regarding Mark and his money. (Read 986 times)