Topic: URGENT: drop MTGOX class action lawyers! contact WSJ about their lies URGENT! (Read 4843 times)

Bit_Happy sez:

Nagle sez:

Granted!

From a Japanese perspective though, the best kind of settlement of the Mt. Gox collapse would be one that is uniquely Japanese, and not something proposed by foreigners. No doubt the Japanese spokesman's comment that the government is "very interested in bitcoin" is entirely accurate.

Many things tie bitcoin to Japan, not the least of which is the Japanese-sounding nom de plume, Satoshi Nakamoto, of the Bitcoin protocol and Core author(s) and of course Tokyo-based Mt. Gox itself. Right now, the latter is probably regarded as a huge liability by the authorities, yet liabilities can always be flipped into assets with only a little bit of imagination.

For example, it could make sense for a resurrected Mt. Gox to join one of the financially-oriented keiretsus, such as Sumitomo, as a kind of "younger-brother" company wherein it could be nursed back to its financial health.

Once recovered, and it's depositor's repaid in full, it could help turn around Japan's image as having a "sick" financial industry and transform it into one of being a financial innovator, that meets and exceeds investor's expectations, thereby improving the country's attractiveness for foreign investors.

It might not even turn out to be very expensive to restore Mt. Gox should a large amount of the missing coins happen to unexpectedly resurface.

Prime Minister Shinzo Abe's administration is doing its best to enhance the attractiveness of Japan for investors, and saving Mt. Gox from liquidation could be an important further step should they be able to reach consensus with Japanese leaders to take this action.

Does anyone know what "Save Mt. Gox" is in Kanji?

The biggest one is simply that the liquidation runs its course. Mt. Gox gets investigated. Bank records are checked to find out where the missing cash went. Enough info comes out to implicate Karpeles. Mark Karpeles gets arrested. The standard Tokyo Metropolitan Police 23-day interrogation makes Karpeles tell where he hid the assets. Karpeles goes to jail for many years. Most of the assets are recovered.

The Sunlot proposal looks like a desperate attempt to gain control of the investigation and prevent that from happening.

I've thought a lot about how much damage Gox did to BTC, but didn't really consider Japan. Your angle is a good one DrApricot.
Perhaps Japan will surprise the world with their 'discovery' of another large amount of missing coins?*
*Provided by Mark shortly after he found out the alternative was certain jail.

Bit_Happy sez:
Because it is part of their public relations strategy--to present this as a fait accompli--a "done deal".

There are always options visible, and perhaps even the biggest one is hiding in plain sight. This whole thing is a huge embarrassment for the Japanese government. The Mt. Gox meltdown happened under their watch.

The Tokyo bankruptcy court is obviously completely in over its head in dealing with an innovative payments mechanism like bitcoin, a company having so many depositors (127,000), and with the scale of the funds involved--roughly, 1/2 billion USD or 5 trillion Japanese Yen.

Japan is trying hard to attract more foreign investment to restart it's moribund financial sector.

Ticking off tens of thousands of foreign investors from around the world is not a great way to attract foreign investment. Only a government such as Japan's has the ability to put pressure on the bad actors in this situation and get answers for the investors as well as helping to restore their funds.

So far the Japanese government has been utterly silent except to meekly say that they are "very interested in bitcoin." Government and financial industry leaders need to focus on meeting and exceeding investors' expectations. That will help build confidence in Japan as a great place for direct foreign investment.

"The whole "plan" is handwaving. It's 22 pages of pumping up how marvellous these characters are, and then their plan to get the lost coins back on page 27 is:

5. Restoration of the secret key and bitcoins
<1> Digital investigation of lost coins.
<2> Restoration of bitcoins

That's it. That's the plan. For which they want $10m up front out of creditors' money.

Also, interesting to see on page 14 that the officers of Sunlot also claim to be officers of the "Bitcoin Association", which was founded and headed by Bruce Fenton. Who is on here talking up this rescue plan constantly.

http://www.reddit.com/r/Bitcoin/comments/249rdg/sunlot_holdings_ltd_plan_for_mtgox


How come it "feels" like this ridiculous plan will be approved?
Why is there no other highly visible option?

https://www.milkeninstitute.org/events/gcprogram.taf?function=bio&EventID=gc12&SPID=8604


https://www.linkedin.com/pub/autumn-radtke/6/21/183


http://in.reuters.com/article/2014/03/06/bitcoin-death-autumn-radtke-idINDEEA2506X20140306


https://www.linkedin.com/in/brockpierce


Question: Did Autumn Radtke jump or was she pushed because of something she knew and was ready to share?

http://dailyentertainmentnews.com/tv/autumn-radtke-american-bitcoin-firm-ceo/

Allow me to give a count as to how many merits via an image:

How do you define trolling when the head man is a head case who bankrupts multiple companies (and/or cheats partners in stock deals) & was sued for playing "head games" with underage boys?
Seriously, it is absurd:
Exactly, which merits (or lack thereof) would be good to discuss regarding the proposed Sunlot deal?

Is there a deliberate attempt here to troll the forums to prevent discussion of the merits (or lack thereof) of the proposed Sunlot deal?

"And then the alien from Mount Coxs Prime gave me something to drink..."

Superduh sez:

> this is complete BULLSHIT.

The WSJ article sez:

Wikipedia sez:

Take us up to warp speed, Mr. Sulu! 

Either the WSJ did a poor job of fact checking, or the elite media is telling us what WILL happen.
Which is true?
Stay tuned for exciting updates...

which would be different with the buyout proposal from the okcoin guys
they already know how to run a major exchange, but it is currently stuck in an increasingly restrictive country, which they could change if they had the gox licenses

http://jezebel.com/inside-the-hollywood-sex-ring-mansion-from-the-bryan-si-1567755415



The above is what's in stored for all Mt Gox's customers - unable to delivered what was promised.

With apologies to the OP, unfortunately it's relevant.

http://www.nndb.com/people/235/000160752/


And, Brock Jeffrey Pierce is talking about 18- and 19-year-old teenagers.

"I'm not involved in that any more"
FYI: OP didn't want the kiddie sex in this thread.
Sadly, it is on topic...

For those bitcoiners who forgot, Bruce Wagner was kicked to the curb for posing ONCE on some other site about a three-prong attack, i.e. two adults fucking an underage boy. Brock Pierce served jail time in Spain for 1000 Xs worst, and as of six days ago was still in bed, literally and figuratively, with the others that were also accused, one of which is a registered sex offender here in the US, of which Brock Pierce has been using his last name - Brock Rector - as if to show the world they're married.

Brock Pierce has been living with Marc Collins-Rector since he was 17 years old.

http://usatoday30.usatoday.com/tech/news/2004-06-14-den-head-pleads_x.htm


If I were perverted, and my better half was fucking underage boys in my presence, I sure the hell would make sure that I'm fucking the underage boys' sisters in front of her as well. Why the hell should I miss out on sticking my dick in some 12 year old's tight pussy having a couple public hairs while she has her 11 year old brother on her belly helping him getting his dick hard so that she can put it into her pussy?

Surely, you don't think that a paedo- would simply say, "I'm not involved in that any more" (to quote Dorian Satoshi)?

I spent time on this yesterday, here we go again.
Wait till you get a load of the team...
How about we let Gox die and pay as much as possible to those who lost money?

Wait till you get a load of the team that's destined to take it over: https://bitcointalksearch.org/topic/more-proof-that-savegoxcom-is-a-sham-590970