Should Paul Vernon take a lie detector test?
Okay, why wasn't I sent a memo depicting the invention of a lie detector that goes to infinity in the deepest red known to man? Frankly, I'm getting mighty pissed off for being out of the loop.
Topic: Should Paul Vernon take a lie detector test? (Read 1501 times)
I wouldn't spend a moment making him do anything to be rather honest.
All this just ruins a bitcoin public image, bitcoin as a safe investment and stable currency..
It is very hard for new investors and adopters to come, when there all they hear are troubles with scams, hackings ..
It is very hard for new investors and adopters to come, when there all they hear are troubles with scams, hackings ..
The hack story may be or not be true but... What has that to do with cryptsy closing and leaving a lot of people without their funds? I mean, The hack/theft of sometime ago cannot be used as an excuse to leave people without their money now. If you are stolen is you (the owner of the exchange) who has to accept the loses as it is you (and not the end user) who got stolen.
It is curious they could have stayed open and started using running profit to pay people back, maybe they wouldn't be able to do this totally but it would be a start. Its 10k coins not 600k.
Whether 10k or 600k, both are very big in numbers when it is compared to their values in USD...
And what if one is not willing to return even if he is speaking truth???
The remaining coins stashed away in Alt coins is in no way enough to replace the losses and the damage that was done to the reputation of this industry, just like the legacy MtGox left behind after they were supposedly hacked. The other thing is, people do not seem to learn any lessons from the past history.
The problem is, any central storage area for coins will attract a lot of hacker attention and we need to avoid these situations.
The problem is, any central storage area for coins will attract a lot of hacker attention and we need to avoid these situations.
The hack story may be or not be true but... What has that to do with cryptsy closing and leaving a lot of people without their funds? I mean, The hack/theft of sometime ago cannot be used as an excuse to leave people without their money now. If you are stolen is you (the owner of the exchange) who has to accept the loses as it is you (and not the end user) who got stolen.
It is curious they could have stayed open and started using running profit to pay people back, maybe they wouldn't be able to do this totally but it would be a start. Its 10k coins not 600k.
Lie detector or not - it does not change anything. He lost the BTC he was responsible for, he is guilty anyway - defrauded or not.
The fact that Cryptsy was operating even despite such loss and grabbing deposits from people is even more problematic.
As some of us said, lie detector is not the best and not ideal form of finding out the truth. Just forget about it.
The fact that Cryptsy was operating even despite such loss and grabbing deposits from people is even more problematic.
As some of us said, lie detector is not the best and not ideal form of finding out the truth. Just forget about it.
Forgive him? Who cares about forgiveness, how are they going to cough up 10k BTC to continue operating?
The hack story may be or not be true but... What has that to do with cryptsy closing and leaving a lot of people without their funds? I mean, The hack/theft of sometime ago cannot be used as an excuse to leave people without their money now. If you are stolen is you (the owner of the exchange) who has to accept the loses as it is you (and not the end user) who got stolen.
Voted no, in this case it really doesn't matter. I think investigating will some how link this to cryptsy. It will be interesting to see how far the authorities take it. A polygraph won't do shit.
No, there's a reason why lie detector tests aren't allowed in courts and that's because it's pseudoscience. I think there's probably going to be enough evidence against Cryptsy that such an idea is going to be superfluous anyway. The fact that they got "hacked" and did nothing about it for something like a year and a half isn't cool even if it were true.
If Paul Vernon took a lie detector test and it indicated he was telling the truth, would you be willing to forgive him and trust what he says again? I think if Vern is going to sell Cryptsy or continue to run it he should take a lie detector test. But only regarding the theft.
I dont think we would see this happen, its lose lose for him really. The only way he can win is if he is telling the truth and he wants to get serious threats from people off his back. We saw with mtgox mark k was safe really.
The lie detector test may result wrong in both ways, it is something probabilistic at best.
We should look for facts and evidences that would not require trust in any person or questionable methods
We should look for facts and evidences that would not require trust in any person or questionable methods
Lie detector tests are easily cheated. They can usually result in false positives and false negatives. Even though lie detectors still are considered evidence in court, they don't work very well and have failed for many criminals who were still convicted based on other evidence.
Lie detectors test have been to be really inaccurate in the past. I wouldn't trust a lie detector test as definitive proof that someone is telling the truth or not, it's just not fair. In any case, I don't believe any exchange, I think its always an inside job.
Whatever he does now regarding transparency is completely irrelevant, he should just refund his customers, period. No one is really going to forgive him or trust him for further business, neither anyone who left coins there will forgive himself.
If Paul Vernon took a lie detector test and it indicated he was telling the truth, would you be willing to forgive him and trust what he says again? I think if Vern is going to sell Cryptsy or continue to run it he should take a lie detector test. But only regarding the theft.
haha there's nice comment there on youtube: You should pay them another visit. Oh wait, they've vanished without a trace.
Idk, have they? I mean I don't think it's so hard to find someone in today's world. And btw was it a hack?
Also, the coins of the hack are still sitting in several wallets, which may indicate that there could be a slight chance that the hacker will return it.
i can only think of one reason why the hacker would return those coins, manipulating the shit out of the market
you steal some major amount of coins ==> instigate a panic sell, you buy now cheap and return the coins stolen, repeat for other exchange
but unless someone is making big profit with this, it would be better to not return anything
Also, the coins of the hack are still sitting in several wallets, which may indicate that there could be a slight chance that the hacker will return it.
This is an excellent point. There are hundreds of thousands of dollars in altcoins still sitting in various "known" cold wallets - meaning Paul is still being irresponsible with customer funds.
If you're saying Cryptsy should be using their remaining funds to immediately pay out their creditors, I'm not sure that's what legal counsel would advise. You can probably look at Mt Gox's implosion for an idea of how a responsible legal professional would likely advise the remaining funds should be handled: A long-winded legal process where all assets are liquidated by a third party, and creditors reimbursed in FIAT, relative to their outstanding claims as determined by some court. (approximately).
I am most certainly not qualified to give legal advice myself. But the above appears to be what gox's aftermath indicates is the way things are handled.
Also, the coins of the hack are still sitting in several wallets, which may indicate that there could be a slight chance that the hacker will return it.
This is an excellent point. There are hundreds of thousands of dollars in altcoins still sitting in various "known" cold wallets - meaning Paul is still being irresponsible with customer funds.
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