Bitcoin Forum

VIDEO: https://www.youtube.com/watch?feature=player_embedded&v=ob9Ak1t09Ao (https://www.youtube.com/watch?feature=player_embedded&v=ob9Ak1t09Ao)


http://kculshare.com/wp-content/uploads/2014/02/4223-thumb-672x372.png

the man's name is Kolin Burges. he is a london software developer.

and he deserves a pat on the back for this.



http://bitcoinexaminer.org/wp-content/uploads/2014/02/GNqe8bp.jpg

I wonder, how much BTC did that guy lost, or has frozen on MtGox when he went there from London....

"have you still got peoples bitcoins"
"have you still got peoples bitcoins"
"have you still got peoples bitcoins"
............... no reply

See also: Reddit/u/CoinSearcher My protest at MtGox Offices - 5 to 7th February 2014, Tokyo, Japan. (http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february/)

I've seen it and it almost makes me laugh, I mean..thousands of people and of relevant websites have blindly trusted this chubby guy that doesn't even take a protest seriously.. and there is also the cliché smiling asian guy taking pictures all the time come on.. the malleability bug was systemic ok but what the hell..  ;D

ps. and they are still a gold member of the bitcoin foundation it appears...   =-)

Why don't they just send the guy his bitcoins, he's stood out in the snow for goodness sake. He probably has ID with him, the guy he confronted just wasn't interested in helping him at all. This is looking bad.

Strong everything.

Almost like a real-life DoS attack.

Mark looks malleable, but apparently he's not.

His morning coffee/dessert stole the show.

The reddit post really fleshes out the details.

The end may indeed be nigh for MtGox, but I sincerely hope all the bagholders get their coins back.

mtgox 1btc = $360
coinbase 1btc = $650

Spread is now ~45%. Those assholes at mtgox have a license to print money: buy their own cheap btc from panic sellers, don't allow anyone else to transfer out but themselves, sell on another exchange like coinbase for an instant 100% gain, rinse, and repeat. Maybe that's the plan all along, criminals...

The comments under this vid are hillarious, someone should forward this to that "disgusting fat troll" so he can read what people think about him. On second thought, somebody wearing t-shirt in winter probably doesn't care about anything.

Haha, Mark wearing a t-shirt in that weather. Badman.

What happened to the guy from Aus that flew all the way there too?

Excellent.  :)

well, in japan, you can order very easly a taxi ... from you appartment to your office (if you are rich).
others ? Take JR ... (Japan Rail = metro)

I think I felt a bit sorry for him in that video. Am I losing my mind?


It's a frappuchino.

lol  ;D

I've got a feeling he's going to become associated with that Frapp now.

he was probably bored and wanted a trip to japan. that's the only thing that explains this

edit: why are there no "japanese" in japan. all the pics have middle aged white dudes

https://i.imgur.com/q6dgBjG.jpg

apologies to casascius_throwaway over at reddit r/bitcoin who created the first photoshopped edit

Nobody in Japan invests in bitcoins, that's why.

what is the legal stand of Japanese govt on bitcoin...? are they are ok with it..? And how strange is that you say nobody in japan invests in btc nd mtgox a well known exchange is operated in japan . 

lol, I knew something like this would happen. Hope he becomes a meme.

Nonsense!  He clearly has plenty of insulation to keep warm...

 This +1 FTW

brave soul ~ I would like to support him, Standing firm and tall for all of us who have lost BTC.
Thank you Bro!

Well, that was worthwhile, but ineffective.

This mess is going to continue until somebody complains loudly enough to the Japan Financial Services Agency that they take action.

Unlike the US, Japan has one big financial regulator, the FSA. The FSA regulates banks, money transfer services, insurance companies, stockbrokers, and exchanges. So there's no "falling through the cracks" between regulatory agencies in Japan.

Mt. Gox claimed this in Akihabara News (http://en.akihabaranews.com/136313/interview/mt-gox-exclusive-with-the-worlds-leading-bitcoins-exchange), back in July 2013: " They have been in discussion with the Japanese authorities – the Financial Services Agency (FSA) – for 1 and 1/2 years about the business and how it should be regulated. And as an example of how difficult it is to accurately peg what Bitcoins are, the Japanese authorities, to date, say that Mt.Gox does not need a financial license. “There are 3 kinds of licenses for financial activities in Japan and what we do is actually not covered by any of them, so at the moment, the FSA says we are outside of their jurisdiction. There has been discussion about trying to fit us under one of the licenses or to make a new license for our business, but it is not clear where it is going to go at this point.” That's Karpeles talking, though, not the JSA.

So  a reasonable question to ask of the JSA is "What office is handling the Mt. Gox matter"? It's worth asking that of the US SEC, which has a cooperation agreement with the JSA. Remember that regulation in Japan is bureaucratic rather than litigation-oriented. The JSA has a lot of authority they can exercise. It's hard to get them to move, but the money amounts are now big enough to get their attention. Somebody needs to get a dialogue going between the JSA and the Bitcoin community. It has to be someone credible who speaks Japanese.

If it makes sense to travel to Japan just to hold up a cardboard sign, then you clearly have invested too much.

https://i.imgur.com/dZL1DSN.jpg

Yes and the fact they aren't doing it is because they know the coins they are buying don't really exist.

shame. that fatass doesnt even invite him in for an explanation about the situation, instead we runs and goes hide his ass inside. i think that explains big part...

Why did the camera guy call it Mount Gox? Isn't it M.T.G.O.X.? lol

Same response customer support has always given it's customers.... NOTHING. 

Gox really needs to go.  I don't see how they can ever bounce back from this, and I hope they don't,  bitcoin has continued to move along far too much for an amateur company like this to stick around.

Look at his relaxed face. He didn't even care about the money he supposedly deposited at Gox. His goal wasn't to get the money back. This is not how one looks like and behaves while trying to get money from a debtor.

I think someone hired him to stalk Mark.

He looks like such a faggot that Mt Gox guy.

I call it Mount Gox. Never heard it said any other way.

Now what should have mtgox concerned is ..  That's two guys from London...

What happens when 2 guys from Russia, South America, somerandomdrugdealer, or south central LA shows up

There not going to be as "nice" as these two were.

what Mt Gox did was good.  it stopped drug dealers by buying their cocaine on silk road

https://www.youtube.com/watch?v=ob9Ak1t09Ao

ONLY going on 20K views in less than 24 hours.

Meanwhile, in Mt Gox's office...

http://www.samanthaderose.com/wp-content/uploads/2013/06/MeanwhileInJapan-12687.gif
"Hurry up! Hurry up! Here he comes."

i would not of been able to control myself. I would of eaten his brains on film

for real, if this exchange comes back after this we need to find a way to overload the server or some other tactics to keep the site down. FOREVER

Mtgox need to f**k off and die. The sooner the better. It sucks people have money in there, but the warning signs have been on the wall for 6 months now....

~ Kolin should have bitch slapped him! :-) LOL

Unfortunately, if Gox really did lose it all, that will probably lead to Japan banning crypto-currencies. The government is thinking right now about what their policy should be, so this couldn't have come at a worse time. Japan is the world's 3rd largest economy, so this hurts us all.

One possibility that I haven't seen brought up is that the Japanese authorities ordered this shutdown. Recently bitcoins have gotten a lot of bad press in Japan and on the national network, so it is likely that a government official ordered things to be put on hold immediately. Not sure what is up with the secrecy, though.

From the reddit thread (http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february/):
Q1. What is causing the withdrawal delays?
• Well, because Gox is the best known of all the exchanges, we have been under the regulatory spotlight.
• This has created problems with government agencies, and also with our banking partners.
• There are also some ongoing investigations, which we cannot talk about.

I wonder can you start suing them.

Free market bitches. Go elsewhere if you don't like how Gox does its business

I think it is admirable that the CEO has taken up the local tradition of Sumo wrestling.

I certainly feel horrible for the people who've lost money, then spent even more to fly directly to Gox' headquarters to confront them face to face.  One would think that any respectable company would do good go head over heels to fix said problem, but oh wait this is Gox.

A nearly 50% spread is insane.  For a change everyone else is ahead of Gox now and rightfully so.  If they're blatantly disrespecting their depositors then yeah, I won't be sad to see Gox go.

If true all should be provable via block chain, you're suggesting a multibillion dollar scam, surely that is worth a million dollar investigation.   So who is willing to pay for it, because all of the BTC folk already told the govt in each country to F-off, and thing all of the rich folk are out for themselves, so who do you turn to to find the money?

Here's the thing, 'what if you are wrong?'   

All of these negative and malicious suggestions might get some MtGox executes physically hurt, if there is just cause I have no problem with it, but what if they are actually doing their jobs?   

Again I ask, is this same type of thing occuring at BTC-e or is it undercontrol over there, if so why the difference?

it's not free if they have arrested your money

BTW You should make a comic with this guy! :P

its been months that mt gox had higher price than all other exchanges , this looked suspicious but many did arbitrage trading because of this,
so many people have made money out of this...
and many are loosing now because of panic sells etc...
 
i think the price will rise again at mt gox as the problem is solved!
i dont think this is the end of mt gox, bitcoin is here to stay along with its exchanges
i am also aware of japanese government closing it down - that will be devastating for bitcoin economy and go for p2p exchainges solutions like nxt coin - or other coins have to offer.

one aspect is that cryptocurrencies thrive because of decentralization but exchanges are a single point of failure!
and we should watch that!

This thread is epic! haha

I'm glad to see some people have got a set to go all that way and not back down.

 ;D ;D ;D

The market has spoken. That is all the information I need aside from Mark running like a pussy.

Wow just wow.  ::)

I disagree. He asked Mark some point blank questions and literaly got no answer. He did not yell nor antagonize. Just asked.

Mark looked like he didnt want to talk AT ALL.

Registered February 12th. Yeah we are the "bitches". Nice one noob.  :D

first consider a ban on nuclear reactors!..yea?  =0

Just unbelievable that he didn't go out of his way to sit down and talk to someone that had flown 12 hours to talk to your company. Even if all the btc are safe and there is a legitimate reason why he couldn't give the guy his coins (don't see why there is tho) there's many right ways to treat your customers and by the fact that he flew from London to try and get his coins back means hes an important customer. Instead just tries to walk past without talking and leaving him out in the rain.

Should of used it as a chance to do some good PR instead just ignored him and wouldn't comment on if BTC is safe which if they were surely they would be repeating it as its the most important thing.

Glad I haven't used Gox in a long time feel sorry for these people with huge life changing amounts tide up.

Even if all coins are returned this is surely the end for gox who is going to trust someone with there money that can't take 5 minutes out of his day to talk to a customer.

It's the people doing business as US gov that arrested the money (several million US dollars of Gox's clients at Wells Fargo and Dwolla) last year and set in motion problems at Gox.

Stalkers should give Mark time to focus on work to undone the harm done by US gov.

I feel sorry for the guy, damn you Gox!

When I watched that I had an urge to just knock the drink out of Marks hands. Or punch him friendly in the face. Of course, violence never solves anything, but good lord, is he suffering from autism or something similar?

Maybe he should not put that protest dude in front of the que, as that would be unfair, but at least he could take him in for a chat and some biscuits, perhaps even give him a frappucino or whatever it is that Mark is consuming daily, just imagine how much sugar and calories are in there.

or is Mark unable to picture the same situation in reverse? One english exchange is holding Marks money hostage, and Mark takes an air plane to London, and gets meet by a cold shoulder when trying to speak to those in charge. He do not see it from that viewpoint?

If so, it explains a lot of the things that's going on at MtGox.



Well, everybody knows what happens if your're not in compliance in the US. Consequences... Gox should've hired a lawyer to look into everything on the US side, to ensure everything was legit once they started to have any sizable business.

One can disagree with the rules, but they're there, and they will be enforced, it's only a matter of time when you run an unlicensed money transmitter business in the US.




Do you remember the Cyprus crisis? Some rich customers where conveniently told that they could withdraw money in english branch before the collapse.

Certain well connected individuals do not go and complain to the police when something really bad happens, they fix matters themselves.

When money is involved, people do the strangest things. Personally I would be scared to death if I owed people millions.

I have a hypothesis (that I cannot prove / that can be completely wrong):

1. Around two years ago in somebody's head there was a thought to own the the biggest crypto-fiat exchange in the world. Such exchange could either be created from scratch (not easy) or purchased. This somebody is influential.

2. This somebody arranged for a person or institution from England to approach Mark Karpeles with an offer to purchase MtGox. The price on the offer was ridiculously low. Mark declined the offer.

3. The offeree told Mark MtGox would not succeed under Mark's management (he is too young, he does not have legal expertise, he is not connected, etc) and maybe even placed a slightly better offer. The second offer was also declined.

4. At first ''soft'' measures were taken like smear campaign by Max Keiser (England) and trolls on this forum.

4. Next ''hard'' measures were taken to prove Mark is not capable of running crypto exchange business: people dba US stole / frozen / confiscated worth of millions MtGox's clients funds at Wells Fargo and Dwolla.

5. Another offer was placed by a person or institution from England. Mark declined.

6. A guy (from England) was paid to threaten Mark through this forum with a physical confrontation: https://bitcointalk.org/index.php?topic=304568.0;all Mark did nothing.

7. Another or the same guy (from England) finally confronted Mark physically: http://www.youtube.com/watch?v=ob9Ak1t09Ao Look at the stalker: his sign doesn't say ''where is my money'', it says ''where is our money'' - the stalker wants to appeal to a broader public. If you wanted your money, you would put your login name on the sign, wouldn't you? If you wanted your money, you would negotiate/ present your case instead of uttering phrases that appeal publicly, wouldn't you? He did not forget to mention he flew from London.

8. Now Mark dislikes anything that comes from England. He will soon be ready to accept an offer from the influential somebody (who happens to be not from London).

-----------------------------------------

A few years ago I heard about a similar case in the financial sector.

The real Karpeles has not been shown in ANY interview he has given or video clip. He always wears the same gesture of contented smug satis-fat-shion. What does that tell us?
Imho he is a sock puppet for somebody else that truly controls the strings...

The other possibility is that he is an almost perfect sociopath, unable to have an emotional grasp of what's happening around him.
In both instances, Karpeles remaining as CEO of Mt.Gox. is a guarantee at this stage that there is no beneficial outcome for the enterprise. He has isolated himself in order to protect himself instead of reaching out and searching allies.  Anybody else in that position would have recruited an able spokesperson to confront the situation. "Oh the hugemanatee!"

They have had enough practice over the last few months of pissing people off. You would of thought they would learn but they just keep making the same mistakes over and over again.

Hopefully people will have learnt this time and will stop using gox because if people blindly carry on using them after everything then we can't really complain when shit hits the fan again.

He is not a sociopath. He is fatty - growing fat is a protective (psychologically / emotionally grounded) response to stress. A sociopath wouldn't care / wouldn't grow fat.

What about him not being a sociopath, but more like socially inept. Something like this:

http://en.wikipedia.org/wiki/Avoidant_personality_disorder

Whatever is wrong with him I think its pretty clear he shouldn't be a CEO.

Criricizing is cheap and easy.

I do not think being a sociopath has anything to do with being fat.

Neither do I. You missed the point.

This is true, but every level of gox has had issues in as long as I can remember. Withdrawals taking months, setting dates for implementing new features / trade engine and missing them over and over again. Generally unable to communicate with there customers. Money seized. Taking 3 times longer than every other exchange to fix the same issue. It seems there is problems at all parts of gox surely the CEO has to have some say in all these issues and he can't even handle one customer outside his office that wants to have a conversation about his money in a decent way instead just tries to ignore him.

I always liked "eM Tee Gox", it's got this "Empty Gox" catch to it ;)

If this is true. They deserve to get penalized for it.

I agree with you on lot of the above (withdrawals, shitty engine, poor communication, etc.) with two exceptions:

- money was not seized, but stolen (by mafia called US gov) - an individual (Mark) can do very little when attacked by bureaucrats; it is my understanding that he is repaying the damage out of his personal / business pocket to those who were affected
- he was not handling a customer, but he handled a stalker / jocker - he did it nicely and politely.

Uhh... that dude is a customer. If I found myself in that position, I would invite the guy inside and manually process his withdraw. I would hope I was not incompetent enough to be in such a position to begin with!

Some businesses operate on the premise that without the customer there is no business.

wow. if true, they should be penalized!

Mark's response is all I needed to see to know MTGOX has lost bitcoins of customers and has refused to comment on it: (HURRIES AWAY TO GET INSIDE AS QUICKLY AS POSSIBLE).

If I were the customer I would make my points differently, e.g.
- why you impose a limit of $5k per one international transfer thus creating lags in your bottle neck manual withdrawal?
- here is my login and ID, you owe me $... k - these are the facts you can easily verify - please make a transfer in my favour
- etc.


I would do the same for a guy that I felt was really interested to solve a problem.

It was my impression that the guy on YT video was there for the lulz to say the least. Would you really invite a guy with a camera that would later show that your business treats the customers in an unfair way (those loud ones with camera get money first)?

Good guy, why aren't more Japaneese people protesting this? They must be as outraged as this guy? Fucking asshole CEO.

Like I said, I would hope I was competent enough to avoid getting into this situation to begin with.

I don't really feel any pity for Gox at this point. No matter what they do in that situation they lose, but they put themselves in that situation to begin with!

Good guy, why aren't more Japaneese people protesting this? They must be as outraged as this guy? Fucking asshole CEO.

Good to see the bitcoin community engaging in such intelligent debate.

Are psychos fat?

Are fat people psychos?

Only Satoshi knows the truth!

I'm not sure why the money was seized I know governments can get a bit happy on the seizing but I just put it down to another mistake in not having the correct things in place - but fair enough.

This is true that he wasn't handling a customer but he had been there for 2 days trying to talk to someone having flown across the world because he couldn't get any response from support. The fact he did that must mean he has a rather large amount of money on the line, if Mark, or I, or you where in his shoes how would we want to get treated? He could of easily taken a few minutes to take the guy inside and talk things over (away from camera).

I'm sure there may be better ways to handle it but i'm sure if we had a large % of our wealth on the line and were getting ignored we might not act quite as well as we would like.

No-one spends that kind of money flying half way around the world for 'lulz'. To answer your question, yes, I personally in that situation would have invited him in, I may have said to him that I was happy to talk to him off-camera, but I still would have let him in and had a chat at a table for a few minutes.

somebody go over there & handcuff yourself to mark karpeles, give the key to your friend & say you dont get the key until i get my bitcoins.


if you guys want to fund me i will fly over there and do it

My Views on MtGox’s Bitcoin Withdraw Pause


After long-time observation on the Bitcoin exchange MtGox, I think Bitcoin withdraw pause this time is probably a thorough conspiracy.

As a grand-old Bitcoin exchange, is it possible for MtGox to ignore a flaw that had been detected in 2011? And this flaw may cause big loss to the exchange itself! Did MtGox have no cautious attention on this matter or just have no knowledge on this “transaction malleability” flaw? Don’t forget MtGox always boasts that it is the gold member of Bitcoin Foundation and has good cooperation with Bitcoin core developers.

So I have below hypothesis:

1) MtGox has deliberately made itself an in-yes, out-difficult barrier lake of fiat currency(except Japanese Yen) by the excuse that its bank account had been investigated in May 2013. Therefore, the price of Bitcoin in MtGox has high premium on other exchanges.

2) Exploiting its reputation and advantage, MtGox made those new comers and conservative guys keep having confidence in it and trade Bitcoin in it. Therefore, its premium can be maintained.

3) Mtgox arbitraged by Yen using its Japanese domestic bank account(MtGox did this arbitrage craftily that it didn’t arbitrage in a huge amount every time so that the market cannot perceive it)

4) Earning enough profit from arbitrage, MtGox suspended Bitcoin withdraw by issuing a statement of suffering from the long-been-known flaw “Transaction Malleability”. It seems that MtGox becomes a victim of this flaw… The Bitcoin withdraw pause and everybody’s knowledge of the flaw led to a huge plunge of the price.

5) When the price was going to the bottom, MtGox began to buy Bitcoin(Again, MtGox did this buying craftily that it didn’t buy in a huge amount every time so that the price wouldn’t rebound dramatically to cause suspicion from others)

That’s it. MtGox made a lot of profit. And, it also “successfully” made a gesture of supporting AML to governments(refer to non-Yen fiat money withdraw difficulty) and a gesture of attaching great importance to transaction safety to traders(refer to Bitcoin withdraw pause). What a cunning fox!

In fact, there are 2 basic doubtful points from the very beginning:

1) Since the withdraw of non-Yen fiat currency to e-wallets(OKPAY, etc.) is suspended, why the deposit from these e-wallets is still available? If MtGox indeed has some trouble in AML or illegal activities investigation, the deposit should be unavailable as well as withdraw!

2) If MtGox is innocent and clear, it should make effort in effecting non-Yen fiat currencies’ withdraw through bank wire transfer, and publish statement of the quantity of unprocessed withdraws as well as future processing schedule on homepage. But, MtGox does nothing other than giving a vague period of 4 to 6 weeks. This move is to block fiat currencies’ withdraw and make the exchange a barrier lake.

As above, I call for independent investigation on MtGox immediately!


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who is going to do the independent investigation ?

This. Somehow someone hacked MtGox. They did this to rebuy the stolen BTC cheap.

This could be the answer mate! I wouldn't be at all surprised!

https://bitcointalk.org/index.php?topic=469428.0

lets start organizing legal action

because (strangely) bitcoin isn't a big thing here. Even staff at Akihabara pc parts stores give me their dead, blank face when I mention mining.

Incidentally, not knowing Gox's ph number, I called their parent company once, Tibanne, and the girl who answered there sounded exactly like Mark looked in that video. Equally helpful as well & I wasn't even calling to abuse them.

The Reddit spoke with Mark, though I admit it was after a great deal of waiting around & putting up with their other staff. By all accounts their staff were quite nice to him as well. Perhaps Mark saw this 2nd guy as the start of a trend & decided to change tactics to prevent more people from doing the same.

was that not the reddit guy?  i think it might have been & they took a while to upload vid?

I heard the reddit guy flew from australia but this guy in the video is from the UK. I think they're 2 different people.

ok excellent, send more troops over

This about sums it up. It's not hate. It's not unjust criticism. It's not like Gox customers, business customers (who actually rely on access to their funds...) and other actors in the bitcoin ecosystem are voicing their opinion because they just want to cause mayhem. It's because they're not satisfied with the current situation. Some people are perhaps more well mannered and never criticize others publicly and does not (god forbid) make snide remarks semi-anonymously on a forum.

And in all fairness, talk is cheap, but I know of a lot of other persons that could've handled the running of MtGox in a better way. If we really think of it in an intelligent way, reality is that MtGox is receiving all the heat, because they're not handling their business well. Sure thing, nobody said it is easy to run MtGox, but they constantly fail on so many levels, and they've had so many opportunities to improve, and they've not grasped these opportunities.

But it is the free market at play, once there are viable alternatives that offers good services, run by professionals - Gox's time as a leading exchange is over.

While it's nice to point to the US Govt for being a mafia. One could even point to any govt. and claiming it is a mafia. In the sense that a Mafia makes the rules and punish everybody that does not adhere to their rules.

In the real world however, we live in various countries which has laws, restrictions and so on. Failure to follow such legislations have their risks, and esp. when it comes to money, the govts aka mafias, are very sensitive to people not following their rules.

A professional business owner and CEO of a bitcoin company, would anticipate this, and hire appropriate professional legal advisors that would sort this out, and ensure that compliance is present. Failure to be compliant means that it is only a matter of time before you get shut down. That's the reality in the world we live in. Mark, when signing the papers on behalf of Mutum Sigilium LLC when setting up a bank account, he claimed that the account would not be used for money transmitting purposes. He clearly knew that he would get into trouble or at least everything would be more delayed if he said he was a 'money transmitter'. He probably figured that Mutum Sigilium LLC would not be a transmitter of money, but merely holding funds. But this does not hold up in the real world, where failure to comply with the law sets you up for a lot of problems, in this case zeisure of the assets. Some people would call it outright theft, but it is law, and it was done by the US Govt, and that's what you have to deal with.

So, the reason the money was seized is because Mark did not do his job well, so he's got himself to blame. Clearly anybody competent running a bitcoin exchange would be aware that such issues could arise, and would be proactive, and not running after the horse after it escaped from the stable. And of course he has to reinstate customers funds. He fucked up, and then he needs to answer to that. This is not a place of rainbows and unicorns, but a place where failing to adhere to the law have consequences.

And the person that came to see him outside his office was not a stalker, it was a customer. Customers it what makes MtGox make money, so they should respect their customers. When a single customer comes to their offices like this, he does it because there's something that he's not satisfied with, and then he should be respected and listened to for a couple of minutes. Perhaps it is ethically wrong to help this customer first (those who scream the loudest get help first), but realizing that there's something at play her, and that real people have real reactions,and then adjusting your business accordingly, is the way to handle it. However, Mark has time and time again shown that he's unable to take critisism and turn it into something positive that could benefit both his company and his customer base. I don't think many people are interested in only arguing and not doing anything productuve, but the anger is warranted and justified. It's just like the laws in America, in real life, fucking up has its consequences, no matter if you feel that's justified or not.

What people are interested in is to withdraw and deposit fiat money and bitcoins, and do their trading, that's it. That's the core of MtGox business model, and clearly the business is so profitable that both large investors and professionals in certain fields would see an opportunity and challenge in working there.

Mark was delivered a golden goose, but he's slowly killing it. And the free market just reacts. And this might  be very healthy, as it decentralizes the bitcoin trade more.

So, if you ran a multi-million dollar business, as a CEO, then you fucked up and it was not the first time you fucked up, and people really started to get tired of you shit, and someone came to you, and in a non-violent way wanted to get your attention, you would deliberately punch them in the face because they stepped in front of you?

Is that your personal viewpoint, because your personal well-being and peace is more important than running a business, or is that your personal opinion as a professional business individual?

How would you've handled it in a way that got Mark's attention? Quite obviously even if the protester danced in a pink rabbit suit and brought along a couple of sexy blondes, do you think that would've made any difference to Mark's willingness to talk to that bloke?

Mark's attitude clearly shows that he didn't like to be bothered. And who likes to be bothered. It was probably early in the day, he didn't quite feel ok, maybe he didn't sleep quite well, and he would rather be inside and consume his dessert frappucino while wipping up his editor so he could continue working on the bugs. But that's unprofessional, and it's the continued lack of being professional that's caused all the problems.

Your personal gut reaction does not equal a professional reaction.


Please educate us. I'm very happy that I were not there, I would probably be so angry about Mark's lack of answering that they would have to call the police to resolve the situation. Luckily I don't have anything at stake.

This guy is an absolute legend for this, crazy props to you for going out there and standing in the cold.

Sadly he's most likely not going to get his coins.

Man, what a Jackarse Karpeles is, this Brit flew all the way from LONDON. The least you could do is invite him inside and have a couple words with him to tell him what your plan is to fix the situation. 5 minutes of conversation for a guy who flew across the planet is just human decency.

that would be to professional  ;)

Someone will turn that fat rich nerd Mark into lots of jam very soon, believe me. Leave Russian mafia some time.

What Kolin should have done in the first place was to talk to Mark without camera and posters. If unsuccessful, he would be justified to bring the camera and confront Mark the next day.

I think Mark suspected Kolin is this guy https://bitcointalk.org/index.php?topic=304568.0;all Mark had every reason to think this guy is there for the lulz.



Gox has lots of problems (due to internal and external causes). If you have only a few pennies at Gox (therefore you don't have a reason to care), you certainly want to see Mark frightened. You are a pathetic idiot.

The catch is: not all Gox clients are as poor as you are. There are rich people who have deposited at Gox more than a few pennies. These people want Mark to sort out problems at Gox in the speediest possible way. These people want him to be undisturbed / want him to focus on his job. The last thing these people wish for Mark is to be under any kind of stress / thread that relates to his health and life (resulting in slowing down recovery at Gox).

Russian mafia? Come on, you only have a few pennies in your pocket. You can't afford to hire them. If Russian mafia ever knock on somebody's door to turn him into lots of jam, it will rather be your door and you. Trust me, people who have deposited at Gox hundeds of thousands of dollars or maybe millions can afford to hire Russian mafia to show up at your door and beat the shit out of you (for causing Mark feeling unsecure and thus slowing down recovery at Gox).

Nah, if the Russkies had dough at the Gox, they woudn't turn him into jam because jam cannot return coin. They probably pulled him into a van off the street, said, "return coin," the fat nerd would've wet his pants and returned it, and he would've been shoved out  of the van while it was rolling after 6 confirmations. The Russkies are only brutal if you don't cooperate because at the end of the day, even the mafia is just a business like any other. "legit" biz isn't necessarily any less brutal. Just google Halliburton, Banana Wars, and Blackwater.

Recovery? LOL! Marky poo probably cooked this up to profit from it. If the spot price at the GOX is $300 but $625 at Coinbase, then he probably scooped up all the loose coin at the Gox himself and then resold them elsewhere for a fat profit.

That's probably the last thing he wanted to do. Doubt he was thinking straight anyway and just wanted to get in out of the cold.


Never trust a man who wears those stonewash jeans. Also never trust a white man who plays with samurai swords.

http://www.ustream.tv/channel/mtgox-protest?utm_campaign=t.co&utm_source=ustre.am%2F1aqKD&utm_medium=social&utm_content=20140219100504

live stream when japan wakes up

I had no idea until the other day that Mt. Gox was originally formed for trading Magic cards.  This is unbelievable that people would then trust that entity with BTCs worth thousands.  (The picture above made me think of Karpaeles, and being a nerd.)  (I played some Magic too but never traded for cards online)

so now it is half the value compared to @other exchanges when it used to b twice value.What value will it be when it works properly again?

MtGOX = MagictheGatheringOnlineExchange. MagictheGathering is a well known PC game

the cryptocurrency industry is still in it's infancy, when Mt. Gox started the btc were worth LESS then many of his most prized cards

It's a matter of perspective, vision, and recognition of opportunity.  Mt Gox and everyone else that got involved prior to April 2013 basically got in with little to no risk, however EVERYONE who entered the space since have done so with some risk.   

For a better perspective on the potentiality of the matter Mt Gox grew at an expansion level that blew the like of facebook and google out of the water, instead of being a multi-million dollar company they would have been a multi-trillion dollar company by now if they knew what the F they were doing.  But NO ONE knew what they were doing, everything was hype, hype, hype (still today too).  If you extract the hype btc is worth only about $400 which would position Mt Gox as a billion dollar company.   

Keep in mind that 99% of the world still doesn't know what Bitcoin is, or they see it as a bad thing.     

I was looking at a video where cryptocurrency professional were testifying as EXPERTS in the field but the COMBINED total years for all of them in the CC industry was about 4.   There is probably 100 people on his site that have more knowledge about btc than 2 of the 3 of them yet they are not the ones representing the industry.

you just blew my mind lol. In Japan their proper name is given as Mount Gox so I never got the association before. Now I feel dirty for having used them  ::)

Magic TG is a table card's game, who also got some pc game spinoffs..

They should give him his money, poor guy.

what?  ... I had to look that up, and was shocked out of my mind; wow.


nevertheless, regardless of what happens to MG Japan will have to act legislatively, clearly they are taking more of a responsible position, and less of a knee-jerk reaction, to the matter but considering that this is the second time billiions in equity ($s) was flushed down the toilet it won't likely be viewed as intruding or overstepping the cryptocurrency  community at large.   

oh, well

Their "new" office is likely this virtual office btw:
http://www.executivecentre.com/location/shibuya_cerulean_tower

Coz he has all that blubber.. Must be spending BTCs all day everyday on coffee/deserts...

Live stream right now
http://www.ustream.tv/channel/mtgox-protest

How is that guy still alive? I saw no life guards around him, and some bad guy must have had ton of BTC there..

Nothing "was flushed down the toilet". The real money just changed hands accounts.

It's already been mentione on this thread that whoever really has much btc on mtgox will want him to finish fixing things ASAP which means safety and lots of comfort pleasure etc

Doesn't they have a 2nd guy who could take over tho? In case of his demise, and as I mentioned bad guys easily could take care of it even if they only had 10 BTC on the site.

obviously more people cooperating is better than one person less.Also I think the efforts might be slowed down by even more stress

He needs more people to confront him; everyone knows you really need at least 6 confrontations to guarantee the money is in your wallet :)

Sorry I couldn't resist

Yes, Mark goes to "work" everyday and nothing happens there.

mtgox protesters have got Shut Down by japanese police
https://bitcointalk.org/index.php?topic=475397.msg5298369#msg5298369

Warning made in June 2013 - https://www.youtube.com/watch?v=F4Gcn9xdcOY

HE HAS THE TIME TRAVEL MACHINE SOME PEOPLE WERE TALKING ABOUT IN ANOTHOER THREAD!
In all seriousness tho pretty cool that almost one year before shit went down this guy had the right idea.

davincij15 is a great man.

A bunch of BTC day traders got burned.

Serves them right.
Daytraders are nothing but a plague on BTC.
Buying BTC is one thing, the majority of people using mt.gox weren't just buying BTC.

Instead of picketing like a hobo, the boy should get a real job and stop trying to play volatile markets for his greedy selfish purposes.
This is sorta like a gambler picketing a casino after they accuse him/her of cheating and throw him/her out without his/her winnings.

FTFY

Every time I see that fat f*ck's smug face I wanna punch him in the d!ck!

The gox panic cycle looked something like this.

-Delayed withdraws? nah
-Technical issue? pfft
-Halted withdraws? zzz
-Gox has potentially lost millions! /yawn
-Our money is managed by a fat french guy?!?!?!?! SELL SELL SELL BITCOIN IS DEAD

 

good work! :)

LMFAO!

That was a great post Lmao XD
So true

It's true.
I'm FAT.


https://d3qcduphvv2yxi.cloudfront.net/assets/5541494/original/funny-gif-men-in-black-glasses-fat-guy-fail.gif?1336495087

deleted

That's a nice chunk of profit ;) Imagine the coffee and pastries he could buy with it.


I lol'd

https://bitcointalk.org/index.php?topic=486605.0