Topic: Predict the next Gox revelation here and win respect from fellow forum members - page 2. (Read 3774 times)
February 27, 2014, 12:37:16 AM
mark karpeles reveals that he is satoshi
February 27, 2014, 12:13:35 AM
My predictions for next revelation:
a) Mt Gox lost cold storage keys and later found them by themselves. yay!
- or -
b) Mt Gox lost cold storage keys, fumbled about for days, and finally called in some expert help who unlocked they cold storage. yay!
- or -
c) Mt Gox lost cold storage keys in such a manner that they can never be recovered and you all lose. have a nice day. boo!
a) Mt Gox lost cold storage keys and later found them by themselves. yay!
- or -
b) Mt Gox lost cold storage keys, fumbled about for days, and finally called in some expert help who unlocked they cold storage. yay!
- or -
c) Mt Gox lost cold storage keys in such a manner that they can never be recovered and you all lose. have a nice day. boo!
February 27, 2014, 12:05:49 AM
no revelation, but gox is going down and it's gonna bring everyone with it done.
Why do you say that?
Once the letter leaked exposing the damage (aka worst case scenario), the market dropped and found resistance in the 400s.
Now people are now realizing that all BTC holdings not on Gox just got a hell of a lot more valuable since its pretty much confirmed that Gox coins don't exist and some (not all) that lost out will want to buy back in.
edit: fixed your post
February 26, 2014, 11:52:01 PM
The crisis document claims they've lose 742,400 out of 744,400 coins and that they only have 2000 coins left.
Here is my prediction.
The theft related to the transaction malleability was small and probably only 5-20% of their actual funds - all it did was empty their hot wallet and force them to try to redeem their cold wallet. Imo, there is no chance that they lost 99.9% of their bitcoin from that theft, since it would have equated to 500-600 coins per day since mtgox's inception; or $50,000 a day in the long, sustained stable period of a average price of $100 usd/btc.
Upon trying to redeem their huge cold wallets with around 80% of the customer's 774,000 coins; Mark discovered that the private keys could not be recovered due to some bug in his own custom coded software. Ever since he's been stalling for time, trying to recover the keys to the private storage. The document is in fact real, and mark would rather cry theft than admit that he accidentally lost the keys to 772,000 coins. The document was being circulated to potential investors so that Mtgox could be bought and no one would ever know the true depth of Mark's incompetence.
The document was leaked by someone involved in the potential acquisition and that immediately destroyed some interest in the acquisition.
I still believe that Mtgox may be acquired or some outside experts may be brought in to recover the private keys.
The private keys may not be recoverable, and 600,000-700,000 coins are lost forever.
Here is my prediction.
The theft related to the transaction malleability was small and probably only 5-20% of their actual funds - all it did was empty their hot wallet and force them to try to redeem their cold wallet. Imo, there is no chance that they lost 99.9% of their bitcoin from that theft, since it would have equated to 500-600 coins per day since mtgox's inception; or $50,000 a day in the long, sustained stable period of a average price of $100 usd/btc.
Upon trying to redeem their huge cold wallets with around 80% of the customer's 774,000 coins; Mark discovered that the private keys could not be recovered due to some bug in his own custom coded software. Ever since he's been stalling for time, trying to recover the keys to the private storage. The document is in fact real, and mark would rather cry theft than admit that he accidentally lost the keys to 772,000 coins. The document was being circulated to potential investors so that Mtgox could be bought and no one would ever know the true depth of Mark's incompetence.
The document was leaked by someone involved in the potential acquisition and that immediately destroyed some interest in the acquisition.
I still believe that Mtgox may be acquired or some outside experts may be brought in to recover the private keys.
The private keys may not be recoverable, and 600,000-700,000 coins are lost forever.
I reckon this could be close to the truth too.
There is no way that 750,000 coins could have been stolen. So Krapeles MUST be lying about that. He did say himself the document was 'legit MORE OR LESS' AND he said that it was NOT produced by Gox. So what does that mean? It means that it is a slightly dodgy document probably made by him to create some kind of effect in the public.
Why would he do that?
Maybe like you said - coz he is such a dumb ass that he forgot his password to the cold storage or something dumb like that. Or maybe an employee stole some funds? Maybe he is pretending funds got stolen so he can get out of some debt?
Or I think the most likely is that HE faked this document to crash the price of bitcoin so he can buy a load on the cheap to claw back what he's lost so far. That makes the most sense to me. Others in the Foundation found out and told him to resign. He thought "great - that will crash the BTC price some more".
Soon as the BTC price rises up to $700 or so, he will sell all his cheap coins and pay off his debts. Hopefully someone else will buy Gox from him and get it running properly.
I'm still totally stunned by the 750,000 BTC thing. HOW can it be true? HOW? He said 'more or less legit' so I am guessing that that part is just a massive LIE for some reason.
Any ideas why he would make that up?
I already watched that letstalkbitcoin episode and some of my ideas are based off that information.
Following Charlie Shrem's line of thinking; I believe that MK has over exaggerated the lost amount of coins on purpose in order to increase the perception of mtgox failing as a threat to bitcoin's continued existence. In other words, Mark exaggerated the loss of coins in order to increase the chances of leveraging other big bitcoin players and exchanges to secretly bail out mtgox to protect bitcoin's overall legitimacy and image to the general public.
He never wanted any of this to go public. That's why they lied about how much they lost.
February 26, 2014, 11:36:29 PM
From Monday evening - listen to this and you'll have a much better idea as to whats going on:
http://letstalkbitcoin.com/e87-the-captive-and-the-mountain/
http://letstalkbitcoin.com/e87-the-captive-and-the-mountain/
February 26, 2014, 11:33:23 PM
The crisis document claims they've lose 742,400 out of 744,400 coins and that they only have 2000 coins left.
Here is my prediction.
The theft related to the transaction malleability was small and probably only 5-20% of their actual funds - all it did was empty their hot wallet and force them to try to redeem their cold wallet. Imo, there is no chance that they lost 99.9% of their bitcoin from that theft, since it would have equated to 500-600 coins per day since mtgox's inception; or $50,000 a day in the long, sustained stable period of a average price of $100 usd/btc.
Upon trying to redeem their huge cold wallets with around 80% of the customer's 774,000 coins; Mark discovered that the private keys could not be recovered due to some bug in his own custom coded software. Ever since he's been stalling for time, trying to recover the keys to the private storage. The document is in fact real, and mark would rather cry theft than admit that he accidentally lost the keys to 772,000 coins. The document was being circulated to potential investors so that Mtgox could be bought and no one would ever know the true depth of Mark's incompetence.
The document was leaked by someone involved in the potential acquisition and that immediately destroyed some interest in the acquisition.
I still believe that Mtgox may be acquired or some outside experts may be brought in to recover the private keys.
The private keys may not be recoverable, and 600,000-700,000 coins are lost forever.
Here is my prediction.
The theft related to the transaction malleability was small and probably only 5-20% of their actual funds - all it did was empty their hot wallet and force them to try to redeem their cold wallet. Imo, there is no chance that they lost 99.9% of their bitcoin from that theft, since it would have equated to 500-600 coins per day since mtgox's inception; or $50,000 a day in the long, sustained stable period of a average price of $100 usd/btc.
Upon trying to redeem their huge cold wallets with around 80% of the customer's 774,000 coins; Mark discovered that the private keys could not be recovered due to some bug in his own custom coded software. Ever since he's been stalling for time, trying to recover the keys to the private storage. The document is in fact real, and mark would rather cry theft than admit that he accidentally lost the keys to 772,000 coins. The document was being circulated to potential investors so that Mtgox could be bought and no one would ever know the true depth of Mark's incompetence.
The document was leaked by someone involved in the potential acquisition and that immediately destroyed some interest in the acquisition.
I still believe that Mtgox may be acquired or some outside experts may be brought in to recover the private keys.
The private keys may not be recoverable, and 600,000-700,000 coins are lost forever.
I reckon this could be close to the truth too.
There is no way that 750,000 coins could have been stolen. So Krapeles MUST be lying about that. He did say himself the document was 'legit MORE OR LESS' AND he said that it was NOT produced by Gox. So what does that mean? It means that it is a slightly dodgy document probably made by him to create some kind of effect in the public.
Why would he do that?
Maybe like you said - coz he is such a dumb ass that he forgot his password to the cold storage or something dumb like that. Or maybe an employee stole some funds? Maybe he is pretending funds got stolen so he can get out of some debt?
Or I think the most likely is that HE faked this document to crash the price of bitcoin so he can buy a load on the cheap to claw back what he's lost so far. That makes the most sense to me. Others in the Foundation found out and told him to resign. He thought "great - that will crash the BTC price some more".
Soon as the BTC price rises up to $700 or so, he will sell all his cheap coins and pay off his debts. Hopefully someone else will buy Gox from him and get it running properly.
I'm still totally stunned by the 750,000 BTC thing. HOW can it be true? HOW? He said 'more or less legit' so I am guessing that that part is just a massive LIE for some reason.
Any ideas why he would make that up?
February 26, 2014, 10:59:33 PM
no revelation, but gox is going down and it's gonna bring everyone with it.
February 26, 2014, 09:28:24 PM
The crisis document claims they've lose 742,400 out of 744,400 coins and that they only have 2000 coins left.
Here is my prediction.
The theft related to the transaction malleability was small and probably only 5-20% of their actual funds - all it did was empty their hot wallet and force them to try to redeem their cold wallet. Imo, there is no chance that they lost 99.9% of their bitcoin from that theft, since it would have equated to 500-600 coins per day since mtgox's inception; or $50,000 a day in the long, sustained stable period of a average price of $100 usd/btc.
Upon trying to redeem their huge cold wallets with around 80% of the customer's 774,000 coins; Mark discovered that the private keys could not be recovered due to some bug in his own custom coded software. Ever since he's been stalling for time, trying to recover the keys to the private storage. The document is in fact real, and mark would rather cry theft than admit that he accidentally lost the keys to 772,000 coins. The document was being circulated to potential investors so that Mtgox could be bought and no one would ever know the true depth of Mark's incompetence.
The document was leaked by someone involved in the potential acquisition and that immediately destroyed some interest in the acquisition.
I still believe that Mtgox may be acquired or some outside experts may be brought in to recover the private keys.
The private keys may not be recoverable, and 600,000-700,000 coins are lost forever.
Here is my prediction.
The theft related to the transaction malleability was small and probably only 5-20% of their actual funds - all it did was empty their hot wallet and force them to try to redeem their cold wallet. Imo, there is no chance that they lost 99.9% of their bitcoin from that theft, since it would have equated to 500-600 coins per day since mtgox's inception; or $50,000 a day in the long, sustained stable period of a average price of $100 usd/btc.
Upon trying to redeem their huge cold wallets with around 80% of the customer's 774,000 coins; Mark discovered that the private keys could not be recovered due to some bug in his own custom coded software. Ever since he's been stalling for time, trying to recover the keys to the private storage. The document is in fact real, and mark would rather cry theft than admit that he accidentally lost the keys to 772,000 coins. The document was being circulated to potential investors so that Mtgox could be bought and no one would ever know the true depth of Mark's incompetence.
The document was leaked by someone involved in the potential acquisition and that immediately destroyed some interest in the acquisition.
I still believe that Mtgox may be acquired or some outside experts may be brought in to recover the private keys.
The private keys may not be recoverable, and 600,000-700,000 coins are lost forever.
February 26, 2014, 08:13:47 PM
Here's mine:
U.S. Govt doesn't wish to steal non-criminal people's Bitcoin, but they do badly want the data Mt. Gox has to peruse what they define as criminal activity and fill out certain mappings of economic activity. These mappings will be handed over to a privately operated taint authority.
Users who were to dumb to pull their BTC out of Mt. Gox over the last half a year will be able to retrieve their BTC by submitting various documentation and registering appropriately. This registry will be part of the body of data used in for 'legitimate' business to obtain and maintain a 'bitcoin license.'
Karpeles will cooperate fully and be fine. In fact he'll probably walk away a fairly rich man.
The Bitcoin Foundation will work actively and effectively to pave the way for this new ecosystem paradigm. As a result many of their membership will have their BTC grandfathered in free of taint even when the origin is fairly questionable. Those who have rejected the Bitcoin Foundation will have more trouble in this regard.
U.S. Govt doesn't wish to steal non-criminal people's Bitcoin, but they do badly want the data Mt. Gox has to peruse what they define as criminal activity and fill out certain mappings of economic activity. These mappings will be handed over to a privately operated taint authority.
Users who were to dumb to pull their BTC out of Mt. Gox over the last half a year will be able to retrieve their BTC by submitting various documentation and registering appropriately. This registry will be part of the body of data used in for 'legitimate' business to obtain and maintain a 'bitcoin license.'
Karpeles will cooperate fully and be fine. In fact he'll probably walk away a fairly rich man.
The Bitcoin Foundation will work actively and effectively to pave the way for this new ecosystem paradigm. As a result many of their membership will have their BTC grandfathered in free of taint even when the origin is fairly questionable. Those who have rejected the Bitcoin Foundation will have more trouble in this regard.
February 26, 2014, 08:04:26 PM
Nothing will happen for the next 2-3 months. No real info at all. Just gossip and rumors. After 3 months criminal charges will be laid on the top gox employees.
February 26, 2014, 08:01:27 PM
It will be revealed that Mark Karpeles ate all the bitcoin...
February 26, 2014, 07:54:50 PM
OK my turn. I hope the following will happen. I have no money or BTC in GOX but it sounds like this is possibly going on which would be good for those goxxed.
MtGOX is in the process of being taken over by a yet to be mentioned (hopefully competent) party.
Investor has asked Mark to stop all forms of communication without approval of investor to stop any false promisses or problems.
Investor forced MtGOX offline to look into the exact depth of the mess and to prevent further hacks. Depending on the mess they will invest or not.
Investor is looking into a solution to all whom got goxxed.
If investors name leaks the deal is off since they do not want to be associated to this mess
Next milestones
- Site magically starts up again around 1 april with new rebranding (leaked fake document
)
- Directly followed by the presentation of new management including takeover announcement and a new CEO.
- With a new CEO Mark Karpeles can officially step down. He will officially appologise for the mess he made and take the fall for all the shit that went wrong. (In Japan I would expect him to cut off a finger or nipple like in the movies
)
- A day or two later a plan for helping goxxed people get's communicated.
- Business resumes...
- Withdrawls get enabled in a limited fashion.
- Slow recovery and build new trust.....
- LTC support implemented (finally)
MtGOX is in the process of being taken over by a yet to be mentioned (hopefully competent) party.
Investor has asked Mark to stop all forms of communication without approval of investor to stop any false promisses or problems.
Investor forced MtGOX offline to look into the exact depth of the mess and to prevent further hacks. Depending on the mess they will invest or not.
Investor is looking into a solution to all whom got goxxed.
If investors name leaks the deal is off since they do not want to be associated to this mess
Next milestones
- Site magically starts up again around 1 april with new rebranding (leaked fake document
)- Directly followed by the presentation of new management including takeover announcement and a new CEO.
- With a new CEO Mark Karpeles can officially step down. He will officially appologise for the mess he made and take the fall for all the shit that went wrong. (In Japan I would expect him to cut off a finger or nipple like in the movies
)- A day or two later a plan for helping goxxed people get's communicated.
- Business resumes...
- Withdrawls get enabled in a limited fashion.
- Slow recovery and build new trust.....
- LTC support implemented (finally)
February 26, 2014, 07:10:59 PM
February 26, 2014, 04:04:50 PM
Haven't been on in a bit but did anyone notice the new update Mark himself posted on GOX?
Yep I noticed. Can't wait for the real information to come like
The coins we're temporarily unavailable but now they are "lost"
I put all your bitcoins on red and lost, wished I would have won to bail you all out
Life sucks get over it !!
Kind regards
Mark
February 26, 2014, 03:29:08 PM
They actually lost 2000 Bitcoins due to the malleability hack and have 750000 Bitcoins left.
February 26, 2014, 03:09:27 PM
Haven't been on in a bit but did anyone notice the new update Mark himself posted on GOX?
February 26, 2014, 02:34:08 PM
Already did that when I predicted a crisis like the one we are going through now.
February 26, 2014, 02:28:36 PM
GOX BTC converted to magic cards and snail mailed to everyone verified
Last known words from GOX printed on back side of the cards.....
TO DA MOON !!!
Last known words from GOX printed on back side of the cards.....
TO DA MOON !!!
February 26, 2014, 02:16:25 PM
MTGox bankruptcy exceeds 1 trillion USD as BTC/USD rate just went over 1.4 million.
February 26, 2014, 01:57:48 PM
To humbly borrow from There Will Be Blood:
Drained dry. I'm so sorry. Here, if you have a milkshake, and I have a milkshake, and I have a straw. There it is, that's a straw, you see? You watching?. And my straw reaches acroooooooss the room, and starts to drink your milkshake... I... drink... your... milkshake!
Drained dry. I'm so sorry. Here, if you have a milkshake, and I have a milkshake, and I have a straw. There it is, that's a straw, you see? You watching?. And my straw reaches acroooooooss the room, and starts to drink your milkshake... I... drink... your... milkshake!
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