Bitcoin Forum

Dear Mr. Nakamoto,

I know you're retired and all - probably sitting down to another episode of Duck Dynasty with a bag of cool ranch doritos in one hand and a diet squirt in the other - sounds great.  But, out here in bitcoinland the sh*t is hitting the fan.  You see, there's this fat f**k in Tokyo who is really doing some serious damage to your brainchild. 

Can you please come back and fix this sh*t before this great idea of yours dies an ugly death at the hands of Mr. Frappuccino, and then later the general public and subsequent media frenzies of "I told you not to go near that thing."  I hear that you're a tech kind of guy - I'm sure you can figure out a way to record Duck Dynasty on your DVR.

Anyway, I think you handed off the baton a little bit too early.  Mark Karpeles, on the board of the bitcoin foundation?  Mtgox, a gold member?  Seriously?

Any help would be much appreciated.

Respectfully yours in the blockchain,
The Bitcoiners

P.S. What was the reason for allowing a transaction to be modified prior to it being confirmed by the blockchain anyway?

   

Apparently I've been living under a rock lately. What's been hitting the fan in Tokyo?

shit, diarrhea styled shit

A local celebrity Mark K. hit a fan, that flew in all the way from UK to get an autograph, with a coffee cup. Busted him wide open. Now there's a lawsuit pending..

This thread is stupid. As if satoshi could or should prevent people from forming foundations and then decide who can and can not join those foundations.

Bitcoin is fine, Gox and it's users are temporarily putting a bad taste in everyone's mouth. In time this will pass and Bitcoin will be better off because of it (if people learn to make better choices when it comes to picking an exchange and how they use it).

Yep!  ;)

Patience young ones.

Obi-Wan didn't wait until 5 years after Anakin turned to the dark side then pop up to try and fight the empire with Yoda.

He waited 20 years until he was really needed and the next generation needed his help.

I think Satoshi won't be seen until 2032, when he'll cryptographically reveal himself at the same time as helping a gifted young cryptographer that managed to crack a game Satoshi set up on the internet as a test, a bit like The Last Starfighter but for Hackers.

His intervention will help at a time of great global turmoil.


BTCBTCBTCBTC 8)

Holy crow...that's some grade-A asshattery right there. I wonder if the lawsuit settlement will be in Bitcoin  ;D

Truly wise words. The sutuation with mtgox is just bad, but I'm sure it will make bitcoin even stronger and more valuable after all.

Beautiful words, but I don't see the wisdom. When MtGox goes down, the headline will be "The former biggest Bitcoin exchange went under, investors lost everything". That certainly won't help Bitcoin, neither in short or long term.

It certainly will in the long term. It will teach people (the hard way) to stop treating Bitcoin like traditional forms of money (leaving it in a "bank account"). It will teach them that if you aren't the sole controller of your private keys, you don't have any bitcoins. It will teach them to read the writing on the wall the next time they choose an exchange (Gox has been incompetent from the start, that should be clear to anyone who does even a tiny bit of research).

All of these things will lead to better informed users and more robust exchanges.

+1. Completely agree.

People need to really understand the idea of holding your own funds; how unique/breakthrough that is. Keeping non-trivial funds on Gox (or anywhere where you do not *solely* control the private key) is just unnecessary gambling; letting someone else control your money. Exactly what we're trying to get away from!

Further, I *hope* this triggers a movement for more transparency in bitcoin businesses. Bitcoin, like nothing else, allows for massive operational transparency. As customers of bitcoin businesses, we should demand best-practices of proving solvency through signing addresses, etc...

Hey, imagine that! An exchange actually taking advantage of the properties of Bitcoin by allowing perfect transparency (at least on the Bitcoin side of things).

Why aren't exchange customers demanding this?

Isn't Coinkite almost like that?

Bitcoin is fine.... a company that has been horribly managed is finally on its way to going out of business.  Yes things might hurt in the short term in regards to the exchange rate of bitcoin to fiat , but overall this is a GOOD thing and NEEDS to happen.  Bitcoin has progressed too much for ameatuer style companies to be able to survive anymore , and thats fine.

Yes, but I meant wider adoption of Bitcoin. It's gonna do a lot of damage to Bitcoin in the eyes of average Joes. It's doing that damage now, and the market price shows.

The revered George Carlin once said;

"The planet is fine. The people are fucked."

George was a smart guy.

Mister Nakamoto reporting to duty.
Sorry, I can not assist with your issue, goodbye.

was?

oh no....don't say it...is he...????

Well?

 :o

Yes, this is true.  It is probably going to be a slower recovery than we all hope after the media gets through pounding into everyone's head how "the number 1 bitcoin exchange in the world imploded, costing investors millions..."  

Headlines will be something like that...  In the grand scheme of things, this is more than likely just a small bump in the road, but it's a painful one for a lot of people...

sweet

This event is inconsequential to the lifespan of Bitcoin.   

Remember.  Bitcoin is not the market price.  Bitcoin is a protocol, enabling hundreds / thousands of new financial services, and new innovations.

The price of Bitcoin is a secondary circus show to what is really going on in the industry right now. 

This is a very important read:  http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency/2/#!wljTt

-B-

Just remember, Such a rich ecosystem attracts predators... it's a cyber world and predators can parade around with little fear of justice or retribution. The K was not the first, neither will he be the last, to have client's chopped, sauteed liver for breakfast (with mandatory Frapp on the side). Remember the smug satisfied grin of K when confronted by the guy who flew from somewhere far... He has the same grin for all that were goxxed.

Satoshi won't be heard from again nor the coins that he/she/they mined will ever move.

I would like to think that Satoshi created Bitcoin and then stepped back to watch it evolve on its own.  I also think that when Satoshi was mining in 2009 alone, he was deleting the private keys to the addresses in which all of those blocks/coins are held.

Like end of SAW movie. You wake up and bring your old son Bitcoin to Life again.

QFT

Best post ITT.

Why would he destroy those when they could be used someday?

What's probably going to happen is that Mt. Gox is going to be to BTC what AOL was to the internet. In it's hayday, it was THE thing to have. Then other things come out and soon enough, they disappear into obscurity; with a few dinosaurs holding on for dear life.

I've shifted to BTER for now(yahoo??), but am looking for the next thing. Bitcoin needs a Google. Someone to come in and take over and do things right.

Until then, let's just enjoy the ride. Oh, and OP? I don't think it matters if Mr. Nakamoto ever comes back on scene. Bitcoin will survive.

Mr. Nakamoto is probably just frickin' Bill Gates or something. Whomever it is, I guarantee he/she is rich enough to live forever and never touch the BTC in that account.

We shall overcome!

Fuck you OP, how dare you presume to speak for me.

Also what the fuck do you think Satoshi could do? He has no more control over bitcoin than anybody else. That's what fucking open source means dumbass.  Additionally, good luck in the future if you're getting this panicked now. This shit didn't even belong in the top ten list of bitcoin disasters that have happened.