Bitcoin Forum

Brock Pierce, venture capitalist, and ex-Bitcoin Foundation director think his plan to take over the Mt. Gox rehabilitation process “demonstrates the power of open source.” Speaking on the latest edition of the Keiser Report February 16, Pierce says that community action was key to ensuring the defunct exchange did not become a cryptocurrency “Lehman Brothers.” See more for yourself here (https://bitcoinist.com/bitcoin-brock-pierce-mt-gox-plan/).

Brock Pierce was hanging out with convicted paedophiles in Spain, just him and his 2 convicted paedophile buddies. They are all 3 connected to the paedophilia case involving former Hollywood director Bryan Singer, where aspiring teenage actors were invited to get drunk and high at Singer's mansion

Anyone giving Brock Pierce any kind of airtime is knowingly endorsing a man that happily witnessed these events and continued to be involved with convicted paedophiles. Max Keiser is hence a very questionable character indeed.

I realize this is a bit OT for this particular story, but can someone explain to me if MtGOX was actually "hacked" or not? Were all the missing bitcoins from the "transaction malleability" issue (I realize its not an issue with bitcoin but rather an understanding of how transactions are processed), or was the exchange itself actually hacked?

I would start there - https://blog.wizsec.jp

https://www.youtube.com/watch?v=l70iRcSxqzo

The gist is that it was tens of thousands of BTC down before it was even sold to Karpeles. The most sustained thefts happened long before malleability was blamed.

Even if they managed to bullet proof mt gox would anyone actually put their bitcoins into it? Based on their name alone i wouldn't even send 1 dogecoin to that dump.

If it ever manages to launch, it will follow BTC-E that relaunched as WEX. Once your reputation has taken such a massive hit, your loyal market makers will not come back to you, regardless of how much advantages they enjoy on the platform itself. No market makers to guide an exchange start, no volume, and thus no liquidity.

The only thing these fools are doing is tarnish this space even further. Imagine how the mainstream media will react once the relaunched exchanges pulls off the same scam shit. Can we blame them in that case? Not at all. Centralized garbage exchanges shouldn't be given a second chance. If you do anyway, then don't be surprised about getting trashed everywhere on the net.  ::)

They wouldn't and this is the problem. Brock is stupid to think he can bring this dead horse back to life and ride into the sunset. It's not gonna happen!

People would maybe use it if we were back in 2014 and there would be not much competition but now most people are greeted by exchanges that show big volume and Mt. Gox shows a history of botting, hacks and losses.

I think ghost of gox past is still haunting bitcoin market.
Maybe somebody can prove me wrong but it might be, that gox trustee is still sitting on some significant amount of bitcoins.
It is said they still accept claims from people, so maybe this resistance at 4K is the "fault" of the syndic constantly selling, bit by bit to prevent strong crash? I can't find any good information on the subject, it's just me speculating.