The draft looks like something either prepared by a consultant at the request of potential investors or by someone commissioned by mtgox as a document to present to selected foundation members/potential investors, considering in the circumspect timing (minutes after the leak) of the joint letter denouncing Mt.Gox.
It was probably written by someone given only superficial and selective access to the situation and some very approximate numbers. In other words, a last ditch hail-mary pass in the face of imminent insolvency.
Anyone else notice that Mt.Gox appears to have had one single employee 2013-14 (60K/yr salary)? Karpeles himself? And that all other staff were aparently contractors?
Topic: Who is the "WE" in the Mtgox (alleged) Crisis Strategy Draft? (Read 1838 times)
Does anyone actually believe that chunk-by-chunk Mt. Gox lost essentially all of its cold wallet storage--even more than total customer accounts? Sure, Gox might not care about customer money, but you'd think they'd care when they start sending away their own damn coins. That's gotta be a lie, or the document is fabricated for market manipulation.
BTW, has this unredacted page been posted on bitcointalk? https://i.imgur.com/u9aP9Hg.png
That's what it says. Whoever uploaded the PDF didn't actually redact the pages. They're highlighted in black. If real, that's a stupid, stupid mistake. You can download the PDF and copy it to confirm yourself.
BTW, has this unredacted page been posted on bitcointalk? https://i.imgur.com/u9aP9Hg.png
That's what it says. Whoever uploaded the PDF didn't actually redact the pages. They're highlighted in black. If real, that's a stupid, stupid mistake. You can download the PDF and copy it to confirm yourself.
I honestly can't believe people are still buying this bullshit.
The problem is that there is a non-zero chance that both MtGox and that leaked document are bullshit.(Yes, I have seen the IRC log where Karpeles says the document is "more or less legit")
Nagle, if what you are suggesting had a shred of truth, they would come out and say what's going on, and show their books.
This is the same request that was made of them during the last few GOXXXINGS that they perpetrated.
People who aren't up to no good don't refuse to talk to anybody or release any info. Look at BitStamp or others who let everybody know what was going on.
I honestly can't believe people are still buying this bullshit.
This is the same request that was made of them during the last few GOXXXINGS that they perpetrated.
People who aren't up to no good don't refuse to talk to anybody or release any info. Look at BitStamp or others who let everybody know what was going on.
I honestly can't believe people are still buying this bullshit.
I doubt that document is legit. There are two possibilities where it is not.
1) It was created by someone outside Mt. Gox.
2) It was created by someone within Mt. Gox, as deniable misinformation.
I suspect the latter. The document seems to be designed to deflect blame from Mt. Gox to unnamed "hackers". Note that there's no indication of any attempts to recover the supposedly stolen funds. Mt. Gox has records, the block chain has records, and Tokyo has police. Yet the document says nothing about recovery attempts or criminal complaints.
Realistically, if there was a big theft, it had inside "help". That document is designed to deflect attention from the big question: "Who stole the money?"
Second, the document is naive about Japanese law. It just assumes the business can continue without paying creditors. It doesn't work that way. There are six types of business bankruptcy in Japan, and to continue, they'd have to choose one of them.
1) It was created by someone outside Mt. Gox.
2) It was created by someone within Mt. Gox, as deniable misinformation.
I suspect the latter. The document seems to be designed to deflect blame from Mt. Gox to unnamed "hackers". Note that there's no indication of any attempts to recover the supposedly stolen funds. Mt. Gox has records, the block chain has records, and Tokyo has police. Yet the document says nothing about recovery attempts or criminal complaints.
Realistically, if there was a big theft, it had inside "help". That document is designed to deflect attention from the big question: "Who stole the money?"
Second, the document is naive about Japanese law. It just assumes the business can continue without paying creditors. It doesn't work that way. There are six types of business bankruptcy in Japan, and to continue, they'd have to choose one of them.
The term "we" in the mtgox doc is certainly not Karpeles or the mtgox team. It seems it can only be the outside group that may be trying to acquire mtgox or it's the bitcoin foundation.
http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
Seemed like a good game plan for protecting bitcoin. The person who leaked it probably hurt the plan. (assuming the doc is legit)
http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
Seemed like a good game plan for protecting bitcoin. The person who leaked it probably hurt the plan. (assuming the doc is legit)
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