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For me its quite sure that Mark Karpales aka MTGox is defrauding his customer by not fixing the Malleability issues. I am CEO of a big online company and I can confirm that it only should take 24-72 hours to fix that issue, with gox its already more then a week. He is evidently earning money with the high trading volume due the confusion on MTGox. I am also pretty sure that he is involved in insider trading
by letting himself or friends withdraw cheap MTGox bitcoins.

At least he already understand that MTGox will go down and now he is trying to squeeze his customer at cost of a worldwide bitcoin destability.

To prevent local police investigations he will surely come back with bitcoin withdrawels and I am pretty sure he is already planing to close down his service afterwards. But actually he is earning soo much money/bitcoins due the defrauding of his customer, that he can definatly afford it.

By the way I don´t have money nore bitcoins with MTGox, I am just angry about this obvious fraud and the hugh damage on bitcoins.

possible. its a good way to do some insider trading.

You used so many "pretty sure", any evidence that support your point?

I believe that he may take this opportunity to make some profit, but I can't see a reason that he will close the business.

There is no evidence, just angry accusations at the moment. I don't know wether they're doing anything illegal, but I wouldn't be surprised if a lot of people never get their money back.

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For me as a CEO its obviously what he is doing.

He is trying to find a way to earn as much money as possible as long as MTGox still having costumers, but he still want to stay legal.
Bitcoin withdraws will be available as soon as he did enough profit meanwhile with the
commission and insider trading, he is just scared to do anything obviously illegal like not coming back with bitcoin withdraws.

I hope he won´t get away with this. Anybody who has funds into MTGox should sue him, there is nothing how he can justify the long withdraw suspension, at least he could do manual bitcoin withdraws.
You don´t need to sue him in Japan, just do it in your home countrys, for sure there are some organisations being keen to get him arrested on international defraud.

AS A BIG COMPANY LIKE MTGOX THERE IS NOTHING WHICH CAN JUSTIFY MORE THEN 1 WEEK WITHDRAW SUSPENSION. PROBLEMS LIKE THIS ARE BEING SETTLED WITHIN HOURS. THIS IS FACT!

You have to find the contact of Japan's public porsecutors to make a formal acusation/complaint, then they will investigate if they should.

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lol

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How does being a CEO give you any insight to the scope/complexity of this problem and the estimated time it would take to fix it?
I'll answer that for you: it doesn't.

No, you can sue him directly in your country, for example in the US you can do legal proceedings against him and most probably the FBI will investigate on him.

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Bad organization knowledge or bad intention both products of stupidity.

I had a good laugh reading comments, where people advised that protester to set up a doughnut stand in front of Gox entrance to make Karpeles pay up faster.

Hahaha

These guys are for sure not stupid, they are bitcoin exchanger for more time then the rest of exchangers and their website is professional. This is exactly what I want to say: If MTGox wanted, they would have fixed this issues or build a workaround in several hours, BUT this is Mark Karpales plan, to squeeze his customer and to earn as much money as possible as long as possible.

LOL. Maybe set up a Frappuchino shop that only accepts Bitcoins and try scam him somehow when he pays  ;D.

Kfc would work

Them buy the site from Jed McCaleb in 2011 when it was ready and work a long time.

 

Seems they are professionals in other field then programming.
 

I'm trying to keep the famous Frappuchino involved. Do we know Mark is a KFC guy?

Mostly agree with you here.

I can't see why he would need to stall unless he didn't have all the funds. Even bitstamp shut down withdrawals after MTGOX and reopened before them with NO ISSUES!

Bitstamp also doesnt have a limit (daily or monthly) for Bitcoin withdrawals.

All the red flag are there to show that MTGOX is insolvent.

1. Due the confusion on MTGox there is a hugh trading volume and therefore he earns a lot of commission.
2. He might doing insider trading, means he or his friend are buying cheap bitcoins from MTGox and selling them somewhere else WITHOUT LIMITS AND WITHOUT RESTRICTIONS.

As a CEO you should first learn how to spell the name of someone who is the target of your psychoanalysis. Otherwise the analysis won't get much credit.

Hey bro, are you a CEO or something? I wasn't sure after reading your posts.

It is impossible

Lets all get together and send him 2 dozen CrispYCreme Double glaze

...Hey presto problem solved ... lolz

Ok as a s/w engineer for the last 20 years on banking and billings systems ... with 14 months in the crypto world

A tactical fix is as he says ... is 48-72 hours to have this sorted

A strategic fix would be maybe a week ..also they have know about this for a looooooooooooooooooong time ...so there would already be plans in place to deal with it

1 week of complete shutdown and clean air space to sort this out is more than ample time

Any more and this is all bullshit

There will be "a run on the bank" and GOX are gone ...RIP you fat fuck !

Your days of living of the proceeds of free doughnuts & frappacino's at other expense are over ...there are no free loyalty cards for you any more... pplz want there doughnuts back ..and dont skimp on the frosting !!!   8)

Hey 31337157 dont you have a brother 31337158 ??

Yeah, we don't talk about him though. He's in a better place now.

Actually, as a software engineer there is only 1 correct answer: "I'm not familiar with their systems and am not in a position to make any estimates".

The only thing anyone can do (and wildly is doing) is making assumptions and speculate about something they simply don't have the facts to.
While I won't argue certain things could have been handled better, I will say only mtgox engineers are in a position to make even remotely accurate estimates.

OP's suggestion someone should be sued because someone fails to meet timelines he pulled out of thin air is absolutely ridiculous.

So when does he start to fit the suing standards? After holding people's money for a week? a month? a year?.

that money is lost forever.

At what point does it become theft? People can sue if they hold onto their money and refuse to give it back. There might even be lawsuits pending.

IMHO everyone who still believes this shit is retarded. Now for everyone it should be clear, that its definatly NOT the "malleability issues" which keeps them from releasing withdraws again. But I still think Mark don´t have solvent problems, he ist just playing on time to earn more money with insider trading and commission fees. Well done Mark, if you get away with this.

I don´t think it will help him to try to move his money and go bankrupt with MTGox, if this happens all his money will be confiscated and he will end in jail

But he might help right now to move someones else money/bitcoins (insider trading) and continue with MTGox as far his job is finished.

Not if he goes to thailand or something

Mtgox is the same as the Edward Snouden, It is not possible in another country

No, this does not prove we need regulation. This proves we are children for trusting someone with NO experience in owning an exchange that was used by so many. Calling for regulation is like calling for a bull to come into the China shop and fix this broken glass. The government is not looking out for you and to think that proves our childish mentality even more.

Mt.Gox Multi-plaintiff Suit

https://bitcointalk.org/index.php?topic=476535.140