What if someone robbed my exchange of 40,000 Bitcoins?

roslinpl

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Quote from: howardb on February 14, 2014, 03:23:20 PM

Quote from: serje on February 13, 2014, 07:53:01 PM

Quote from: cr1776 on February 13, 2014, 07:50:08 PM

Quote from: serje on February 13, 2014, 07:41:35 PM

Quote from: ?? on ??

mark. is that you?

who is mark?

Karpeles - Of mtgox.

Thanks

well i think that mtgox is like queen said in his song "another one bites the dust"

now we only have to wait and see what exchange all that 1 million people will go to and the price will be up again

I see it as more of a natural selection process, weaklings and idiots (and they are both) will be weeded out of the BTC gene pool over time.

In this case we might say that I guess.

And in this case this is very good thing.
We dont need any weak links in bitcoin exchanges world.

howardb

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Quote from: serje on February 13, 2014, 07:53:01 PM

Quote from: cr1776 on February 13, 2014, 07:50:08 PM

Quote from: serje on February 13, 2014, 07:41:35 PM

Quote from: ?? on ??

mark. is that you?

who is mark?

Karpeles - Of mtgox.

Thanks

well i think that mtgox is like queen said in his song "another one bites the dust"

now we only have to wait and see what exchange all that 1 million people will go to and the price will be up again

I see it as more of a natural selection process, weaklings and idiots (and they are both) will be weeded out of the BTC gene pool over time.

serje

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LOL
I wonder who wants my 19 million pennies from cryptys!

Cryptogirl82

full member

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I think it was an inside job! So will Cryptsy be next? Are our funds at Cryptsy safe or should we withdraw? Steve..... Huh

roslinpl

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Quote from: hypostatization on February 13, 2014, 08:59:06 PM

I heard a rumor that Mark Karpeles traveled back in time to introduce the code responsible for transaction malleability, then killed off Satoshi Yakamoto, thereby ensuring that the issue would not be fixed---ultimately allowing MtGox to blame Bitcoin for this wide impacting issue and crash its value. Makes sense when you think about it.

Quote from: hypostatization on February 13, 2014, 08:59:06 PM

I heard a rumor that Mark Karpeles traveled back in time to introduce the code responsible for transaction malleability, then killed off Satoshi Yakamoto, thereby ensuring that the issue would not be fixed---ultimately allowing MtGox to blame Bitcoin for this wide impacting issue and crash its value. Makes sense when you think about it.

yep. I heard that too!

hypostatization

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I heard a rumor that Mark Karpeles traveled back in time to introduce the code responsible for transaction malleability, then killed off Satoshi Yakamoto, thereby ensuring that the issue would not be fixed---ultimately allowing MtGox to blame Bitcoin for this wide impacting issue and crash its value. Makes sense when you think about it.

WesandEAC

full member

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How else could you return 40,000 BTC with $100,000 dollars - this is how hehe. I am good with that. Wink

Quote from: ManeBjorn on February 13, 2014, 08:44:39 PM

It does feel like they lived high on the hog from the BTC they "borrowed" from their clients.
The reduced price of BTC has the benefit of making it easier for people new to it to buy into for longer term investment but it seriously devalues what people already have.
It does feel like price manipulation though what they are doing.

ManeBjorn

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It does feel like they lived high on the hog from the BTC they "borrowed" from their clients.
The reduced price of BTC has the benefit of making it easier for people new to it to buy into for longer term investment but it seriously devalues what people already have.
It does feel like price manipulation though what they are doing.

roslinpl

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Activity: 2212

Merit: 1199

Quote from: serje on February 13, 2014, 07:53:01 PM

Quote from: cr1776 on February 13, 2014, 07:50:08 PM

Quote from: serje on February 13, 2014, 07:41:35 PM

Quote from: ?? on ??

mark. is that you?

who is mark?

Karpeles - Of mtgox.

Thanks

well i think that mtgox is like queen said in his song "another one bites the dust"

now we only have to wait and see what exchange all that 1 million people will go to and the price will be up again

MtGox was slow anyway. We wont cry.

serje

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Merit: 1002

Quote from: cr1776 on February 13, 2014, 07:50:08 PM

Quote from: serje on February 13, 2014, 07:41:35 PM

Quote from: ?? on ??

mark. is that you?

who is mark?

Karpeles - Of mtgox.

Thanks

well i think that mtgox is like queen said in his song "another one bites the dust"

now we only have to wait and see what exchange all that 1 million people will go to and the price will be up again

WesandEAC

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I was talking about GOX not Silk Road. Your BTC are safe in GOX you just have to wait until they collapse enough that Mark can buy them back for his clients. That's all. All is fair in love and crypto-currency. Since he made a public declaration that client funds were "secure and GOX does not partake in fractionalizing" BTC's, he would be charged with fraud among many other charges as his crew is rounded up and turn on him when pressured, unless he had the BTC to back up withdrawals. Then would come stabilization to $600-$700. I for one think we are headed to dollars temporarily. Hehe

Quote from: keithers on February 13, 2014, 07:41:57 PM

Even though it is still a lot, but hasnt the number been reduced to 4,000 btc stolen?

cr1776

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Quote from: serje on February 13, 2014, 07:41:35 PM

Quote from: ?? on ??

mark. is that you?

who is mark?

Karpeles - Of mtgox.

keithers

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This is the land of wolves now & you're not a wolf

Even though it is still a lot, but hasnt the number been reduced to 4,000 btc stolen?

serje

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Quote from: ?? on ??

mark. is that you?

who is mark?

roslinpl

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Quote from: ?? on ??

mark. is that you?

Lol

HAhahahahahaha. Can't stop laughin'

Holliday

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I thought I had a response to this post, then I realized it's just conjecture.

WesandEAC

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Well I would instantly halt Bitcoin withdrawals and blame a faulty mechanism like the protocol itself - very hard to fix. As well I would allow you to buy and sell BTC on my site still while offering you withdrawals that could take up to 3 months...nice and slow.

As the price began to crash I would wait patiently until BTC reached about $1-$100 and then I would use $40,000 to $400,000 to buy all of the BTC I owe everyone.

At that point because of the crash and CRAZY volume I would re-instate BTC transfers and halt cash money withdrawals due to FINCEN or some legal issue. Problem solved - everyone can get their BTC's out. I have a lo of BTC right now and I fully expect them to go to 1 penny however I also believe they will head to $8000 later on in their life cycle, so enjoy the ride!

Topic: What if someone robbed my exchange of 40,000 Bitcoins? (Read 2017 times)