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121  Economy / Service Discussion / Re: Resurrection of Mt.Gox on: February 28, 2014, 10:50:40 PM
I propose Andreas Antonopoulos as CEO Cheesy

Best regards,
ilpirata79
122  Economy / Service Discussion / Re: Resurrection of Mt.Gox on: February 28, 2014, 10:49:15 PM
In this way is as tough as we bought Mtgox for about 450 million dollars...
Is that a fair price? To be the case it should generate at least 4-5% of that amount in profit every year, which is 22,5 million dollars. Is that the case?

Best regards,
ilpirata79
123  Economy / Service Discussion / Re: Resurrection of Mt.Gox on: February 28, 2014, 10:37:03 PM
lol why do you guys love pain so much ?

let it die

lets say it comes back to life.. he's fucked you over how many times now ? but ya.. ok so pretend all good.. 3 months later.. same deal... and again
and again as its been for years. ya im sure mark really cares about all of you... hugs for all

i just dont get it...

V4vendettas answered before you asked: better to have shares of a crappy company that have NOTHING!

Best regards,
ilpirata79
124  Bitcoin / Development & Technical Discussion / Re: Mt.Gox technical autopsy on: February 28, 2014, 09:51:50 PM
Get to know the abusers is not difficult. Just check the transactions that got confirmed with a different txid. For this there is need of the authentic Mtgox logs.

So have you been logging those transactions that never ended up in the block chain? Because I sure haven't.

I haven't, but Mtgox should have. As I said we need their authentic logs (authentic in the sense that they are not faked)...

Best regards,
ilpirata79
125  Economy / Speculation / Re: not lost "just temporarily unavailable" now please figure this out..... on: February 28, 2014, 09:42:34 PM
So Mark says the coins are not lost "just temporarily unavailable"

Lets accept this statement at face value. What does Mark mean by this???

1. He didn't lose the private key to a wallet, because Mark would have used different words and would definitely not have used "temporarily"
2. He said he doesn't know where the 750k bitcoins are in the bankruptcy press conference so that means that he cannot see the public key in my opinion




Maybe he was hoping in some type of intervention by the bitcoin developers and miners that could give him back the ownership of the bitcoins. Nobody in the community seems to think that is possible and/or convenient.

Best regards,
ilpirata79
126  Economy / Service Discussion / Re: Resurrection of Mt.Gox on: February 28, 2014, 09:16:36 PM
Your way of assigning shares is kind of "random" because it depends on the relative amounts of liabilities in dollars and in bitcoins of Mtgox. Instead we should assign shares in a more fair way, as, for example, who got 1 goxcoin (on the exchange) gets the same of who had 500 gox dollars.

Best regards,
ilpirata79
127  Economy / Service Discussion / Re: Resurrection of Mt.Gox on: February 28, 2014, 09:13:00 PM
As the gain in bitcoins and in dollars is the same when a trade occurs,
we have that who got a 1 gox btc gets 1/624400 of the bitcoin income, while who got 1 gox dollar gets 1/55000000 of the dollar income. Therefore, as the two incomes are the same, if we say that R is the exchange rate goxcoin/goxdollar, we have

1/624400 = R * 1/55000000 => R = 88,08

With the share composition you propose 1 gox btc is about 88 gox dollars.

The right way to do this is to have one type of share and establish what is the R value (not easy).

Best regards,
ilpirata79
128  Bitcoin / Development & Technical Discussion / Re: Mt.Gox technical autopsy on: February 28, 2014, 08:16:19 PM
Get to know the abusers is not difficult. Just check the transactions that got confirmed with a different txid. For this there is need of the authentic Mtgox logs.

This helps locating the stolen bitcoins. Off course it does not help to locate the thieves because they for sure used false documents to register and an anonymous connection.

Best regards,
ilpirata79
129  Economy / Service Discussion / Re: Resurrection of Mt.Gox on: February 28, 2014, 08:10:20 PM
I also support that, but I would not say 1 share = 0.01 BTC = 1 $, which means that 1 goxcoin == 100 goxdollar.

I add that this is the occasion for Mark K. NOT to prove he is a thief. If he accepts to do something like this, he MAY be innocent, otherwise he is almost for sure guilty (he runs away with the bitcoins).

Best regards,
ilpirata79
130  Bitcoin / Development & Technical Discussion / Re: Mt.Gox technical autopsy on: February 28, 2014, 06:00:50 PM
You couldn't do that, because only one of the transactions would actually be in the block chain.

That would mean that valid transactions do not appear on blockchain - I consider this rubbish.


Both transactions would be in the blockchain - the initial withdrawal and then the re-withdrawl request several weeks later which mtgox would have allowed.

I agree with this.

One needs to pair those two transactions (find them in the blockchain). There would be a few non-complex criteria for finding such malleable-looking transactions:
- amount of both must match
- date range should not be broad, e.g. the second transaction cannot be older than 1 day / week / month than the first one
- both transactions must be spent from an exchange address (not sure how to find such addresses but my guess is that such addresses generated a huge number of transactions for a short time)
- others

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

It is a perfect research project for applicants who want grants from TBF.


There is no need for equal transactions (apart from the txid) to be present in the blockchain:

1) I ask for a withdraw of some amount of bitcoins
2) I alter the txid
4) I wait for the altered transaction to get confirmed
3) I ask Mtgox to credit those bitcoins back to my account because the transaction was not successful
4) go to 1

Best regards,
ilpirata79

131  Economy / Service Discussion / Re: Unconfirmed tweet that MtGox lawyer making statement now. on: February 28, 2014, 10:30:32 AM
for the sake of filing for bankruptcy protection they will have had to count coins in hand as an assett. I would guess at 130 USD / BTC as that was closing price.

This would make sense as to why they let out no info, closed withdrawals and let the price tank. It was in their interest. The lower the price of each coin on their balance sheet, the lower their debt would be when filing for protection.

What do you mean? So you think that in the 64 millions of debt also lost bitcoins are counted? i would hope so, but...

Best regards,
ilpirata79
132  Economy / Service Discussion / Re: Unconfirmed tweet that MtGox lawyer making statement now. on: February 28, 2014, 10:24:08 AM
*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B
*DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection
*DJ Mt. Gox Lawyer: Accepted By Tokyo District Court

So around $ 60 mln outstanding debt
Only $60mln?  The BS out of gox continues.

I have no doubt the actual filings will be made public by the media soon.  If they've lost access to their cold wallets - as some have theorised - that could explain why the nominal debt is only $60 million.  The cold wallets would still technically count as an asset.

I'm pretty surprised to learn that's only $60 million. In this case many people can bail it out. Just not sure how they calculate the value of bitcoin. I guess $130/BTC?

I guess they haven't even considered lost bitcoins.

Best regards,
ilpirata79
133  Economy / Service Discussion / Re: Unconfirmed tweet that MtGox lawyer making statement now. on: February 28, 2014, 10:06:35 AM
Who got bitcoins on the exchange? Is it going to get something?

Best regards,
ilpirata79
134  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 27, 2014, 11:57:12 PM

Right, anyone could have sent that amount to that address.

Best regards,
ilpirata79
135  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 27, 2014, 11:40:37 PM
The fact that he moved in one time that very big amount of bitcoins suggests that the procedures mtgox was using were not very good. All of those bitcoins on a SINGLE ADDRESS and moved in one time? What if you make a mistake or lose that single private key??

He fucked all up really badly...

Best regards,
ilpirata79
136  Bitcoin / Press / Re: [2014-02-27] Japanese and U.S. Regulators Probe MtGox Collapse on: February 27, 2014, 11:15:54 PM
I HOPE THat son of a bitch didn't really lose 750.000 BTC!

137  Economy / Speculation / Re: Proofs that Gox have at least 200k BTC - lost keys most likely not theft on: February 27, 2014, 05:45:43 PM
I'm still missing in the IRC logs where they discuss a 550,000 BTC proof move transaction... or a link between the addresses with money in them and the 424K proof transaction..... can you clarify?

I verified the first address which is one of the two addresses that received the first 50k bitcoins.

Best regards,
ilpirata79
138  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 26, 2014, 10:37:54 PM
Only Satoshi Nakamoto can come to the rescue!!!

Give us your bitcoinsss!!

Smiley

139  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 25, 2014, 11:18:24 PM
Let's hope we are wrong and they get back to operations.
Maybe the bitcoins stolen were not that much and Mtgox can be sold to a more credible party and we keep our coins... even with a 30-40% cut, which is kind of acceptable, not more.

Best regards,
ilpirata79
140  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 25, 2014, 11:07:45 PM
I want at least 50% of my bitcoins kept there..
Otherwise I am going to get really upset!

Best regards,
ilpirata79
The weird thing is did you ever have bitcoins there? Bitcoins are things where you have the private key to unique solutions on the blockchain. Without the key you didn't. have. coins.

If you did you should be able to access them now.

This needs to be repeated again and again.

If one does not control the private keys, one has no bitcoin.



Right, I had a part of my bitcoin stash there. I was just trusting the oldest and most used bitcoin exchange.
I could have never imaged that they were so incompetent to let others steal coins even if they used cold storage.

This is insane.

I start thinking that this has been an inside job.

Best regards,
ilpirata79
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