Being against Mark Karpels is simply attacking our own.

[fryarminer]

Nobody is saying Mark Karpels is some perfectly innocent guy.


I'm saying he is not the source of the issue and we are the ones that stand to lose the most by Bitcoins image tarnished by these show trials. Did you ever see the authorites go after the real financial crimes that are crippling our nations? Trust me the establishment loves this stuff.




Wake up people only a government or major entity could carry out this kind of attack....this was a takedown.


http://www.telegraph.co.uk/finance/currency/10686698/Bitcoin-exchange-MtGox-faced-150000-hack-attacks-every-second.html

I cannot believe you would publicly express a conspiracy theory like that. Why would the government care about doing something like that, and if they did care, how could they pull something like that off when all those intellectual people have no idea what Bitcoin even is?!
If you hold gold, are you going to consider every thief who heists huge quantities of gold and leaves people dry your friend and "one of your own"?
No! You are wrong!

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[Mickeyb]

Three points to consider before everyone on this forum ignorantly HO HA's this guy getting arrested.




 Firstly MtGOX it has been reported was receiving attacks on it system at a rate of like a billion a second or something stupid. MtGox was the poster boy for Bitcoin back then and it wouldn't take a genius to think maybe the NSA was involved.


The guy maybe acted with poor character in a crisis but the question is why would he do something illegal when he was making so much doing things legally? The bottom line is he was first attacked probably by a government or some entity hoping to break Bitcoins popularity. How he acted then while possibly wrong needs to be taken in context to the fact someone who is against Bitcoin wanted this.


The third fact no one gets in this forum is Japan is in many ways a vassal country of America. When it needed someone to buy its massive QE of treasuries recently of course they ended up in Japans central bank. So what you are looking at is the U.S. System over reaching to quash Bitcoin.......and you dumbasses are celebrating?



**FYI You can't guarantee there are FEDs, NSA and Central banks linked online misinformation spreaders on this forum right now....so be at least a bit suspicious of those who would welcome attack on Bitcoins image. You think a Bitcoin entrepreneur like Mark K going down will help Bitcoins image? BS...it's scares people away and reinforces the idea Bitcoin is an illegal activity. You never see these kind of arrests for all the banking frauds in the West and including Japan.

Come on man, you have to be serious!!!

He is a disgrace for the Bitcoin community and he has done the most harm as well to our community. He's a black sheep of Bitcoin and he needs to get sentenced and end up in jail. Maybe, when this happens, we will manage to wash a bad face at least a bit from our community.

Him ending up in jail, will also help the Bitcoin image to get more positive. And yes, I agree as others have said that he turned more people against the Bitcoin than that he brought in.

[gentlemand]

Hmm.

A - a stooge carefully set up by multiple three letter agencies spread across the world.

B - a careless autistic moron who fucked up.

After agonising for what seems like hours I plump for the latter.

When you look into what was going on with the DEA agents and SR there may well be some weird involvements popping up.

At heart though Mr Karpeles was just too indifferent, incompetent and thoughtless to avoid the inevitable. Gox should never have grown to the size it did.

[Ingatqhvq]

Well, it's hard to agree your point.
Lots of people lost money because of him. I can't see why he shouldn't be punished.

[Kprawn]

Let's see it play out... innocent until proven guilty.. right?

I would have reacted a lot different, if I was setup... everyone would hear me complain and moan and bitch about it. Did he react that way? When did he start to react that way?

There is not a single article about Bitcoin, where MtGox is not mentioned. If he is guilty, he must pay the price.

This is going to be a bigger show than Ross's trial, and I am not going to miss it for everything. I just hope for his sake, that he prepared himself for the shit storm that is

coming. 

[soy]

Brings to mind a stock brokerage firm incident.  Family moved to Georgia a few years after father died.  Mother bought house, oldest sister moved in with her ostensibly to give care.  That sister had been a secretary with a prominent Wall Street brokerage house, secretary for Gutfreund, took the same position in the Atlanta office of Soloman Brothers, then left as she couldn't take the change, taking 2 years pay.  She had my mother move her stocks to Edward Jones.  This particular office was all women.  Did I mention my sister is an unmarried spinster?  Although my mother was paying for the house, the sister had a new will made that gave her the house.  Edward Jones is derided as being questionably profitable and its brokers getting cash and vacations that are found nowhere else.  The value of my mother's estate fell badly. The SEC stopped Edward Jones from getting kickbacks on money invested with The Hartford among others and required Edward Jones to make restitution to those ripped off which included my mother.  I insisted we move my mother's financial holdings out of Edward Jones to any other broker. Thing is my sister was draining my mother's money and investing it in stocks in an account with the women at that Edward Jones.  I suspect that because they saw how my mother was getting distressed as her estate dwindled and my sister's account grew they let my sister know they knew what she was doing.  My sister, having my mother's ear, wouldn't allow her to move to another brokerage firm.  The investments stayed with that Edward Jones office until my mother passed away and as far as I know my sister still has investments there.

This thread's starter, defending Kapeles, reminds me of my sister and that Edward Jones office.

[nextgencoin]

I DID NOT DEFEND KARPELES!!!!!


I said he was taken down, he could of acted more open and honestly after an attack on his exchange once he knew it was a mess but he didn't, that part is his crimes.

But the attack WAS the cause of the problem, do I have to explain simple cause and effect to you people. So I'm saying there were those who wanted this to happen and for Karpeles to screw up and they are taking every opportunity to nail him to the wall.


Can't anyone see that major players in Bitcoin are being taken out, whos gonna be next?



Probably I'm arguing with a bunch of guys in an NSA office..

[nextgencoin]

This isn't that complicated. It's pretty simple. What happened is the following:

1. Someone opened a service that held Bitcoins for customers (thus making himself responsible for deposits and indirectly stating he was competent enough to have them in their possession)

2. That person lost all the funds. Be it from stealing, hacking, whatever, he lost it.

I don't know how can this be more clear.
If hypothetically I held coins for you, and I lost them... What would your attitude be?

Despite this, I can agree with the following:

You never see these kind of arrests for all the banking frauds in the West and including Japan.

Ok let's put aside the 150,000 attacks a second....let's say your 100% right, this is a simple case of incompetence and fraud, lies, criminal actions the whole thing.


Still this is the establishments wet dream and the way he is being paraded in the press with this story and labelled the Chief of Bitcoin is let's be honest a terrible advert for Bitcoin. Go ask someone on the street over the next week if a Bitcoin is good or bad and many will say they heard the boss of Bitcoin was arrested. 


So if its terrible PR for Bitcoin shouldn't we as Bitcoin supporters have a little less joy about someone involved in Bitcoin being put up in a show trial and arrest? No one needs to feel sorry for him but I bet half this forum could get a few months in prison for minor tax evasion....Did everyone record all their Bitcoin trades?

[soy]

Search of world biggest thefts in recorded history would have the pre-found-wallet value of missing bitcoins at the top followed by Saddam's son and that truck load of $100 bills he was taking from the Iraq treasury.  Finding that cold storage wallet reduced the theft amount as the recovery of that truck did the Iraq theft.  Just a thought.  His immature demonstration of, what was it, MtGox wallet holdings change was a hint at where his fantasies were heading.

[ab8989]

Big red letter to the masses BITCOIN IS FOR CRIMINALS....DONT EVEN TOUCH IT!!

If masses lose their life savings because of some scam and if people in bitcoin are having a vocal opinion that the scammers should not be punished because the scammers are one of us, then the masses will think that pretty much all the people associated with bitcoin are all scammers.

If you want to improve bitcoin reputation you should work towards reducing the number of scams. Convicting the people performing the scams is a good step towards that goal and I hope to see more of them. There have been far too many huge scams where nobody has gone to prison and that is one of the biggest reason working against mass adoption.

[Lauda]

Search of world biggest thefts in recorded history would have the pre-found-wallet value of missing bitcoins at the top followed by Saddam's son and that truck load of $100 bills he was taking from the Iraq treasury.  Finding that cold storage wallet reduced the theft amount as the recovery of that truck did the Iraq theft.  Just a thought.  His immature demonstration of, what was it, MtGox wallet holdings change was a hint at where his fantasies were heading.

Well such a huge amount of money does not just magically get found. I'm pretty sure that he knew where those coins were the whole time. I'm just glad that some of it were found, making the total loss smaller.
As far as I know, the judge that was overseeing the class action lawsuit had allowed some of the bitcoin movements to be tracked. A few hours later Mark came out saying that the coins were 'found'. One can look easily find some information about this.

Let's see it play out... innocent until proven guilty.. right?
-snip- 

He had the responsibility to hold everyone's money. He lost the money, thus he is guilty.

[Bitcoinpro]

Hmm.

A - a stooge carefully set up by multiple three letter agencies spread across the world.

B - a careless autistic moron who fucked up.

After agonising for what seems like hours I plump for the latter.

When you look into what was going on with the DEA agents and SR there may well be some weird involvements popping up.

At heart though Mr Karpeles was just too indifferent, incompetent and thoughtless to avoid the inevitable. Gox should never have grown to the size it did.

yes all the evidence points to a heavy degree of Autism and the fall guy or maybe double agent

whocares now anyway

Nasdaq has come to town

[Snorek]

Ok then he's a scammy dick....what's your point?

His trial is the establishments wet dream. I'm sure Mark however much a dick would prefer he just made his money and went back to his hot Japanese girlfriend every night.

There are banks that scam this kind of money on a daily basis but you will never see their trial or one single article in the media...

Even if we assume that he did not indeed scam anyone and that the money was actually lost, he's still not innocent. He was the one working on the engine, was he not?
That's a different discussion. I guess you could use that as a argument vs people preaching that government made cryptocurrencies will take over. There is not much that can be done about those scams either.
Besides, we need the scammers to go to prison so that some hesitate before trying to scam.
Doesn't matter. Stop promoting the act of scamming.

He is for sure guilty of one thing. When MtGox was attacked first time staff and Karpeles know about this. Yes he did not share this information with customers and instead he cover it up.
People are unaware of danger and still deposited BTC which were later stolen. For this alone he should go to jail.

[atp1916]

Jackboot statist thugs. First Ross, now Mark

You and your anarchist/xtreme libertarian friends are next. 

Bitcoin, its technology, and its useful benefits to society are not yours nor will they ever be.

[BillyBobZorton]

He has scammed millions of dollars to innocent people and he has probably turned people that were in the past positive about Bitcoins into haters of Bitcoins and potentially never coming back again ever to be active in the community or even use BTC ever again out of frustration. How would a Bitcoiner do this? I fail to understand how are you defending this guy in any shape or form.

[rokkyroad]

Karpeles getting arrested made television news where I live. I groaned as I watched it and thought: " just great ... more bad news for bitcoin".

I hope he gets everything he deserves if found guilty. He hurt a lot of people and is possibly the biggest reason for the decline of btc.

[galbros]

I really appreciate your effort to defend Karpeles.  However, he did not act in an honest manner, and wound up misleading at best, and defrauding at worst his customers.  I'm glad some coins were recovered, but his efforts to cover up the hack merits punishment.