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Had the liquidator actually done what they were supposed to do with all the money they were handed, the Gox collapse could have been uncovered a long time ago. The value of the lost coins would have been lower, Karpeles would be in jail and the community and market would have healed by now. Instead we're left with no money, bigger losses and Karpeles will likely continue goxxing us during the aftermath by providing bad bitcoin publicity.
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Silk Road and MtGox were providing about 90% of Bitcoin's bad publicity. Now they are both gone.
There's still a lot of sad stories to be written about the 0.75 million BTC that honest, clueless traders lost on Empty Gox. I'm extremely happy that Gox finally outgoxxed themselves, but were losses of this magnitude really "priced in"? |
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Period Cash balance Spent Actions
-------------------- ------------- ---------- ------------------------------------------
Mar 2012 - Nov 2012 $ 100,872 Collected claims
Nov 2012 - May 2013 $ 44,989 $ 56,022 Waited on Mt. Gox
May 2013 - Nov 2013 $ 11,684 $ 35,143 Re-worded previous report and changed date So, there were $11,684 left in the bank on 2013-11-01. At this rate, is there anything left to keep the liquidation going by now? |
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 Den lille Bitcoin-diskusjonen som er igjen her inne drukner i stadige annonseringer av nye, innovasjonsløse clonecoins. Kanskje på tide å gjøre som flere av de andre lokaliserte forumene og opprette et subforum for altcoins? |
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Why isn't firstbits implemented in the bitcoin wallet? Should be easy as hell.
Firstbits is generally considered to be a bad idea. Full bitcoin addresses contains a checksum to protect against typos and mis-pastes. |
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HTTP/1.1 503 Service Unavailable: Back-end server is at capacity Passet litt dårlig.  Edit: Oppe igjen. |
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There are some updates in the liquidation thread: I PM'D Roger Ver this week and he told me he heard the liquidator has gotten hold of the passwords to the Gox accounts, so hopefully we will hear about the progress soon. The report is due soon anyway.
Got this 4th Dec after inquiring The Liquidators report on the progress of the liquidation will be emailed to creditors shortly. Regards Anne Swanepoel Secretary Description: C:\Users\annes\AppData\Roaming\Microsoft\Signatures\Corporate-PKF-Email-Small.jpg PKF Corporate Recovery & Insolvency (Auckland) Limited Level 3, 48 Courthouse Lane | PO Box 3678, Auckland 1140, New Zealand anne.swanepoel@pkfcr.co.nzwww.pkfcr.co.nzP: +64 9 302 0521 F: +64 9 302 0536 DDI: +64 9 306 7423 Bitcoinica has proven to be nothing but an infinite source of suffering, so I don't expect the new report to be uplifting material. |
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Acknowledgments. This research was supported by a research grant provided by the Citi Foundation.  |
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How do you know their second report is due soon? He probably read the first report: Our next statutory report with further information for creditors will be available in six months.
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The flight tickets, like the age, and like the passport, are just distractions from the real issue. Some of Bitcoin's most prolific scammers made no attempts to hide their true identity. One shouldn't automatically trust someone just because they put their face on YouTube, writes impressive code or arranges a meetup in Las Vegas. |
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Good job on the age distraction, everyone. The documented multi-million dollar thefts are back under the rug again.
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Lesson for aspiring Bitcoin scammers: When caught red-handed, just make up bizarre fairytales with shakespearean characters and amazing coincidences. You'll get a free pass and will be praised by the community. |
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rJtTpaFAYSg3B2hH5fvaGBNC7JhZ2Cbeso
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I know things have changed over the past few years, but I'd expect some people to be more critical of what was a disaster just waiting to happen. That's really, really great!
Fantastic idea!
Amazing idea! Love it.
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Mt. Gox profits tremendously by the Bitcoin hype currently going on. PKF expressed in their latest update that the distribution to surviving Bitcoinica claimants will likely be in USD only. PKF dumping the remaining Bitcoinca stash on the market could trigger a correction that could in turn bring another sudden drop in Bitcoin interest, and thus trading volume, like we saw in June 2011. Mt. Gox wouldn't want to stir the pot when tens of thousands of new customers are lining up to get their accounts verified. So in lack of any actual information we might as well speculate wildly. In other news, Zhou Tong have reportedly acquired a second luxury yacht.
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