Bitcoin Forum

"The cryptocurrency could also benefit from a kind of central bank established by merchants accepting Bitcoin, he said, that would act as a clearing house for transactions and implement secure storage of coins. Karpeles is also trying to draft a best practices document for Bitcoin security that he said he would share with anyone willing to consider his ideas."

http://www.pcworld.com/article/2846252/despite-mt-gox-fiasco-karpeles-still-has-bitcoin-plans.html

"Bitcoin exchanges should have 24-hour operation centers manned by guards and accessed only through hardware tokens, and with staff who have undergone extensive background checks, he said."

Comments he stated all while wearing a shirt that said :
“I don’t always test my code,” it reads, “but when I do, I do it in production.”

https://i.imgur.com/AvrfSZW.jpg


The fucking nerve! I don't know whether he is just a complete idiot or one of the biggest douches in recent memory.

Bitcoin's raison d'etre is to remove the added counterparty risk from central banks and regulators. Stop trading your private keys for IOU tokens.

The new improved Karpeles, he's not just a tool, he's a 48 function swiss army knife.



How do you give the world the biggest reason possible in the universe not to have a cryptocurrency central bank, and then turn round and say one is needed. But if that's the way the world is thinking, lets go ask Hiroshima if they feel the need for another nuke coming on.

If security and privacy is no problem, many merchants  will go there including individuals.

Karpeles has long been deemed to be incompetent well before the implosion of gox (very long before). I am really not 100% sure why so many people were trusting it with their money.

Now that his incompetence has been even further "confirmed" by gox, I would highly doubt that anything he says will ever be taken seriously

Humorous to say the least.

If Any idiot out there partners up with Mark Karpeles, they deserve to be scammed.

Where was it that banned bitcoin but wanted govt crypto? Ecuador? Send him there.

Did he not go to jail in US?

Did he go to jail?

No. He has not been charged criminally. Although he has been subpenaed by the US court system, but will not appear out of fear that he will get arrested/charged if he does

Ecuador does not want a government crypto currency, they want a digital currency. They also have not banned bitcoin   

Whoever is in, deserves to be scammed again by Karpeles.

Once a tosser, always a tosser.

We don't need a central bank, we need a small transactions clearing system. If we have a cencentralised bank, we go back to a fractional reserve fiat system.

You can expect this 'central bank' of his to come under a sustained revenge attack the moment it's opened for all the money lost on MTGOX, no wonder he was looking so smug on television, he's clearly made a deal with the Japanese government.

Well it should be in the tens of thousands to be conservative. Gox ended up loosing over 200,000 bitcoin

I still don't understand why people left their money with this prick in the first place though I would argue it's partly the mainstream news outlets that are to blame for pointing towards MTGOX as the 'largest' volume exchange all the time.

Legendary advice  from Mark Karpeles

The cryptocurrency could also benefit from a kind of central bank established by merchants accepting Bitcoin, he said, that would act as a clearing house for transactions and implement secure storage of coins. Karpeles is also trying to draft a best practices document for Bitcoin security that he said he would share with anyone willing to consider his ideas.

The cost to view the document one case of people running away with coins and the private keys ^^

if he does not?
if he have to travel to the usa, whether he would be the same as Shiram?

Mark should be the CEO of that bank  :D


god, its like a nightmare  :-X

I'm taking my coins out of offline cold storage and want them in this bank now!! I demand an application form!

I guess he's out then... :)

600K BTC is not enough for him, he's out for more. Remind me of a saying : The more you have, the more you want.

Don't think his plan will get much succes, people aren't that stupid to lose a lot BTC for a second time. Or are they?

All while he's sitting on the "stolen" bitcoins that went up in smoke after the MtGox fiasco.

Guy couldn't be more delusional.

I don't know why people call the MTGOX crash a 'fiasco' clusterfuck seems much more appropriate.

"fiasco" is Italian for "clusterfuck".

[citation needed]

Gox is bitlinga for "clusterfuck"

[ibid]

 I found it pretty funny that over at reddit someone tipped him some small amount of btc, then people told the tipper that he might want to check out who whe is giving btc to.  Karpeles replied by going "I can send you the tip back if you want". It was sad and funny.

This quote caught me as completely fabricated

He got fat LOL

For what?

Satoshi might just come out of hiding to kick this guy in the balls.

This is where the "I am Satoshi" campaign really should apply, so we all can line up and kick him in the sack.

Stupidest thing I've heard all week, and I looked in the n00b section earlier, even some of them know you don't have to load your wallet software to see how much is at particular addresses.

I would be so mad if i would loose money @ mtgox...
Thats cruel jokes for people that lost money

Ha, you can make a cold wallet "less cold"? Since when did checking the balance of an address involve a private key? What does "less cold" even mean...

What a bunch of nonsense.

Wow.


Wow.

IMO he was trying to defend his previous practices.

In theory though it could be true if the cold storage addresses are created offline and the only way to access the cold storage addresses would be by accessing the cold storage machines, however I am not really sure why anyone would want to have their coin management set up this way

Isn't that the whole reason the blockchain was invented in the first place? We see threads on here all the time of obsessive people looking at particularly large transactions going from place to place.

(>人<)

According to latest coindesk article I (and mammy others) have mark to blame for my missing bitcoins.  Shame on you mark!

https://i.imgur.com/AvrfSZW.jpg
"Each time you want to check the balance of a cold wallet, you’re making it less cold."

Dumbest shit I've seen in months.

Thanks for posting this.

LOL... I don't see why not... He would be really good @ it: http://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/ (http://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/)

this guy reminds me greatly my my future brother-in-law... utterly incompetent and seemingly incapable of doing anything useful.

mark sure does act the game though.

Definitely not me.  ;D. His reputation got wrecked and is unrepairable

Too fat to fail!!

I remember all the jokes in 4chan making fun of the exchange and Karpeles saying he was an autistic kid that should stick to trading MTG cards, MtGoy and so on... lol. It was so clear things would not end well.

Good God ... this guy cooks the books on his fraudulent exchange to the tune of a billion fucking dollars hyper ponzi style with fake accounts and fake dollars and robs the fucking planet of 650,000 btc out of the current supply of 13,000,000 some odd ... yes thats right folks this thieving asshole actually now owns roughly 5% of the global btc supply ... something bitcoin may never recover from ... and he actually has the flat out stupidity and arrogance to be in the public eye at all ? ... what in the actual fuck is going on here ? ... if I ever saw this motherfucker in the real world I wouldn't bother cursing at him kicking him in the sack or calling the cops I'd just pull out my piece and shoot him in his fat ugly fuck face and do the world a favor ! ! !

Seems that this guy and me have some common ground: http://www.forbes.com/sites/ericxlmu/2014/08/24/why-there-should-be-a-bitcoin-central-bank/