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Topic: what can we do about Mark Karpeles now (Read 5624 times)

hero member
Activity: 490
Merit: 500
March 04, 2014, 02:51:08 PM
#72
The reality seems to be that this man's life is over, he will probably have to go into some kind of protected custody for his safety.

No one has hurt Trendon Shavers, no one has hurt Zhou Tong, no one has hurt James McCarthy. (Just to name some.)
Why should it be different this time?
Indeed, the fantasies of keyboard warriors. Karpeles even did this before with an alleged theft of 500K and the world taught him that it was no big deal by continuing to send him money.

It need not be different this time. But the more enemies you create, the larger is the chance that there will be something happening to you.
full member
Activity: 154
Merit: 100
March 02, 2014, 12:42:07 AM
#71
The reality seems to be that this man's life is over, he will probably have to go into some kind of protected custody for his safety.

No one has hurt Trendon Shavers, no one has hurt Zhou Tong, no one has hurt James McCarthy. (Just to name some.)
Why should it be different this time?
Indeed, the fantasies of keyboard warriors. Karpeles even did this before with an alleged theft of 500K and the world taught him that it was no big deal by continuing to send him money.
hero member
Activity: 1492
Merit: 763
Life is a taxable event
March 01, 2014, 04:27:14 PM
#70
Mt.Gox should give every single satoshi back to its customers even if that is only 1/5 of the original and then issue an apology about their false (and damaging) statements about the bitcoin protocol.
full member
Activity: 140
Merit: 100
March 01, 2014, 02:30:29 PM
#69
The clear evidence is that MtGox is no longer operating. Real people are missing their funds, some more desperate than others.

Not guilty?

Feb 8th 2014:
Quote
He (Gay-Bouchery) reiterated the company’s claim that withdrawal problems were merely a technical issue, and that “all the coins are safe”.
Source: http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/


Feb 28th 2014: http://www.businessinsider.com/mtgox-bankruptcy-japanese-news-video-2014-2

Dishonesty does not prove guilt?

No, it doesn't prove you're guilty of theft, it proves you're a liar though. Use you're common sense (if you have any that is).

Quote
You do not need to be a professor to see how seriously MtGox has fucked everything up.

No, but you do have to be a professional to investigate, determine and prove guilt in this world (something you are clearly not qualified to do).

Quote
They've contradicted themselves on numerous occasions, they have no respect for customers, they've had several security glitches, and they've been caught in numerous lies.

Not quilty until proven guilty in a court of law? A court of law does not determine guilt. Guilt is established once you do the criminal act, not whether you get caught for it or not. Legally speaking, you're not guilty if the court do not find your guilty, but in the people's eyes, the ones that lost a lot of money, you surely is guilty.

Are you even fucking kidding? A court of law does not determine guilt? In what fucking world do you live in? Because in the real world, the court of law determines guilt on a daily fucking basis. Go back to school, seriously.

Quote
Lets ponder the possibility that there is in fact an honest mistake at play, the chance of this is close to zero.

We've already established you aren't qualified to investigate, determine or prove guilt. So this statement has the same weight as hot air does.

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But then at the very least Mark would be guilty of enormous incompetence. Who would handle a coldest-cold wallet where you put everything into one basket. The only sound way would be to break it up. Not 1 address with 500000 BTC, but break that down to 20 addresses with 25K BTC each. Store it redundantly in various locations. Encrypt the privkeys, so they can't be used even if stolen.. Make a scheme so safe and elaborate, that the room for failure is close to non existent. Have a contingency plan where information is stored with a lawyer firm, or even a couple of lawyer firm that can only act if a death report of Mark surfaces.

There has been absolutely no evidence released so far that proves anything about the coins. Stolen, lost, hot wallet, cold wallet; nothing. We assume they were stolen by way of malleability exploit. And until concrete evidence surfaces, all anyone here is doing is speculating at best.

Quote
MtGox has not even had the courtesy to inform the community in an honest way about their troubles, instead they've just shut tight, not communicating, leaving for the speculation to go completely wild.

Which I'm sure their legal counsel told them to do. You do know that keeping quiet is something very common legal counsel advises clients to do, right?

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Honest mistakes, deliberate fraud, a mix of the two, big ego, lack of ability to admit faults - no matter how you twist and turn it, the outcome is the same.

Guilty!

Again with flexing that nonexistent legal muscle huh? Just more hot air here folks.

Quote
The law is not equal for everyone. In an upcoming lawsuit, Mark might hire the very best lawyers that money can buy, and he might not even be convicted as guilty. History is full of people who are guilty but escaped because of connections and good lawyers.

The moment you do something unethical or criminal, the moment you embezzle client funds, or avoid telling the truth - at that moment you're guilty. Simple as that.

And everything at the end of your post is your opinion, not fact. Complete bullshit; but hey, that's just my opinion.

I mean seriously, has it even dawned on you that there is no criminal investigation? He filed for Bankruptcy Protection, he didn't turn himself in for murder or something of that nature.

In all honesty, I'm just sitting here laughing at all these nut-case theories. It's amazing how the Internet has empowered such dimwitted people to even express their completely moronic opinions as if they were fact with absolutely no real world consequences.
full member
Activity: 176
Merit: 100
March 01, 2014, 02:29:16 PM
#68
It appears as though Mark has this attitude that he can't fail, I think he will continue to lie and fight to the very end no matter the cost. He seems to be a very stubborn guy (which probably contributed to the fall of Mt. Gox). The second they realized there was a theft, they should have immediately informed everyone and shut down their services until they could get things figured out.
hero member
Activity: 728
Merit: 500
March 01, 2014, 02:24:18 PM
#67
The reality seems to be that this man's life is over, he will probably have to go into some kind of protected custody for his safety.

No one has hurt Trendon Shavers, no one has hurt Zhou Tong, no one has hurt James McCarthy. (Just to name some.)
Why should it be different this time?
legendary
Activity: 1596
Merit: 1026
March 01, 2014, 11:09:04 AM
#66
Quote
He (Gay-Bouchery) reiterated the company’s claim that withdrawal problems were merely a technical issue, and that “all the coins are safe”.
They've contradicted themselves on numerous occasions, they have no respect for customers, they've had several security glitches, and they've been caught in numerous lies.

This is how French do business.  It is normal.
newbie
Activity: 2
Merit: 0
March 01, 2014, 11:02:03 AM
#65
You want a coin which is outside of any countrys law, then you want a help from a government for push him to jail for
stealing you coin.
legendary
Activity: 1022
Merit: 1000
March 01, 2014, 10:52:27 AM
#64
According to this, considered similar to japanese procedures:

http://bankruptcy.about.com/od/Bankruptcy-Chapters/a/What-Is-Chapter-11-Bankruptcy.htm

Not quite. Civil reorganization in Japan doesn't work in detail like Chapter 11 in the US. Here's an overview of how it works in practice. In particular, the rights of creditors are different.

An important provision: "The debtor’ management operates the firm and works out a Rehabilitation plan or liquidation, unless an interested party can prove management is incompetent. In a case where the debtor’s management is incompetent, Civil Rehabilitation Law provides the appointment of trustee." Proving that management is incompetent would not be difficult in this case. That's worth doing; that kicks Karpeles out and puts a trustee in.

Also, unlike Chapter 11 in the US, lawsuits against the company are not automatically stayed under civil reorganization. You can still sue.

Incidentally, the average time companies spend in civil rehabilitation is about half a year. But the usual case in Japan is that there's one big creditor, a "main bank". That's not the case here.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
March 01, 2014, 08:52:47 AM
#63
i guess he will not have much fun in the future and wont enjoy his money. this things will take years and maybe (hopefully) he ends up in jail.
hero member
Activity: 490
Merit: 500
March 01, 2014, 08:06:46 AM
#62
Yes, evidence. You know; that thing you need to be proven guilty. Didn't you know people are innocent until proven guilty by evidence? I'm mean seriously dude, WTF is wrong with you people?

The clear evidence is that MtGox is no longer operating. Real people are missing their funds, some more desperate than others.

Not guilty?

Feb 8th 2014:
Quote
He (Gay-Bouchery) reiterated the company’s claim that withdrawal problems were merely a technical issue, and that “all the coins are safe”.
Source: http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/


Feb 28th 2014: http://www.businessinsider.com/mtgox-bankruptcy-japanese-news-video-2014-2

Dishonesty does not prove guilt?

You do not need to be a professor to see how seriously MtGox has fucked everything up.

They've contradicted themselves on numerous occasions, they have no respect for customers, they've had several security glitches, and they've been caught in numerous lies.

Not quilty until proven guilty in a court of law? A court of law does not determine guilt. Guilt is established once you do the criminal act, not whether you get caught for it or not. Legally speaking, you're not guilty if the court do not find your guilty, but in the people's eyes, the ones that lost a lot of money, you surely is guilty.

Lets ponder the possibility that there is in fact an honest mistake at play, the chance of this is close to zero. But then at the very least Mark would be guilty of enormous incompetence. Who would handle a coldest-cold wallet where you put everything into one basket. The only sound way would be to break it up. Not 1 address with 500000 BTC, but break that down to 20 addresses with 25K BTC each. Store it redundantly in various locations. Encrypt the privkeys, so they can't be used even if stolen.. Make a scheme so safe and elaborate, that the room for failure is close to non existent. Have a contingency plan where information is stored with a lawyer firm, or even a couple of lawyer firm that can only act if a death report of Mark surfaces.

Mark was an entrepreneur, described as a wizz kid, he went to Japan, built up a hosting company, he programmed at lot of the code at MtGox. He did not delegate work and did not hire experts to the extend that he should, his PR-team had no strategy whatsoever, and at the time that they needed it the most, they did not communicate with the community at all.

The money that has vanished is unfathomable, and imagine if the price increases even more in the future, that money will be worth even more...

MtGox has not even had the courtesy to inform the community in an honest way about their troubles, instead they've just shut tight, not communicating, leaving for the speculation to go completely wild.

Honest mistakes, deliberate fraud, a mix of the two, big ego, lack of ability to admit faults - no matter how you twist and turn it, the outcome is the same.

Guilty!

The law is not equal for everyone. In an upcoming lawsuit, Mark might hire the very best lawyers that money can buy, and he might not even be convicted as guilty. History is full of people who are guilty but escaped because of connections and good lawyers.

The moment you do something unethical or criminal, the moment you embezzle client funds, or avoid telling the truth - at that moment you're guilty. Simple as that.


sr. member
Activity: 420
Merit: 263
let's make a deal.
member
Activity: 131
Merit: 10
March 01, 2014, 03:54:01 AM
#60
Seems to be a lot of smug people on here who were smarter than the rest of us for not trading on Gox. The truth is, the large majority of BTC owners traded on the exchange. Without the liquidity of Gox, we never would have seen the interest in BTC, nor the uptick price of BTC. If you didn't trade on Gox, it's more than likely you didn't have any money to be in the market in the first place, so please spare us. I lost $2.5k… life goes on. It would be nice if I could get it back, but it won't affect my life if I never see it again.

For now, I am staying out of BTC. I really like the idea, but it looks to me like the powers-that-be coupled with the scammers will never let BTC flourish as a mainstream currency.

At the very least, it was an exciting ride and fun while it lasted.

sr. member
Activity: 280
Merit: 250
Knowledge is Power
February 28, 2014, 11:43:05 PM
#59
Find out the whole truth before we crucify him. I think he's incompetent but we don't yet know what exactly happened/is happening behind the scenes of Gox.
full member
Activity: 140
Merit: 100
February 28, 2014, 11:17:42 PM
#58
I disagree, although researching who we trust with our money is important, when someone violates that trust, they are responsible, not the victim. "He shouldn't have left the door unlocked if he didn't want it stolen!" is a criminal mindset used to justify abhorrent behaviour.

While true in theory, this isn't a perfect world. We don't live in that candy coated, rose colored, sprinkles and rainbows world people can only dream about. This is the real world, we're your action have real consequences. You leave that door unlocked, and get ready to lose everything, including your dirty underwear. Mother nature displays this fact everyday. From animals to us, there's really no difference when it comes to natural selection.

Nice to see there will be lawsuits pouring in http://www.coindesk.com/mt-gox-victim-files-class-action-lawsuit-lawyers/ hopefully the 1st of many. Mark Kaples should go to prison.

Which will be absolutely pointless unless authorities can prove he stole the coins himself is an accomplice to the theft. So have fun waiting for that to happen, as I honestly suspect he had nothing to do with the theft. Filing for Bankruptcy protection means nobody is going to get squat.
full member
Activity: 214
Merit: 100
February 28, 2014, 11:05:01 PM
#57
Nice to see there will be lawsuits pouring in http://www.coindesk.com/mt-gox-victim-files-class-action-lawsuit-lawyers/ hopefully the 1st of many. Mark Kaples should go to prison.
legendary
Activity: 1596
Merit: 1000
I am not Dorian Nakamoto.
February 28, 2014, 10:33:53 PM
#56
i didn't choose the gox life the gox life chose me..

It's a hard gox life for us.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
February 28, 2014, 10:26:52 PM
#55
Witness protection program since he is helping the Gov damage Bitcoin?
Mark has a face that's hard to hide though.
jr. member
Activity: 38
Merit: 2
February 28, 2014, 10:10:31 PM
#54
If Gox does not re-appear with the money rather quickly I can no see no way of getting away with this without doing hard jail time.

If you steal a car and the police catch you they throw you in jail. You steal millions of dollars in scamming and ponzi-scheeming you are going to just walk away?
hero member
Activity: 551
Merit: 500
February 28, 2014, 10:06:12 PM
#53
It's very sad to see who actually wants to prosper the Bitcoin movement and who wants to simply make money off speculators! God may not forgive him for what hes done!
We can only imagine if this was all intentional or not! People wonder why everyone is so cynical and pessimistic within the cryptocurrency industry!
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