ImI
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Activity: 1946
Merit: 1019
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February 27, 2014, 11:31:07 AM |
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Seems like this Two-Bit-Idiot was hired to put an end to any plans for a possible recovery of MtGox. He kind of lets this slip on his Tumblr. As someone who has been heavily damaged by this MtGox issue, I wish they may come with a good plan to compensate us. The guy seems to want the opposite. Yes, he wants the opposite, because it would be bad for bitcoin if moral hazard behavior gets rewarded. WTF!? Who gets rewarded if Gox customers get 30% of their BTCs back? Who? Everybody who listened to sturle et al. and stored the coins there until the end. Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing. |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Zarathustra
Legendary
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Activity: 1162
Merit: 1004
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February 27, 2014, 11:36:35 AM |
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Seems like this Two-Bit-Idiot was hired to put an end to any plans for a possible recovery of MtGox. He kind of lets this slip on his Tumblr. As someone who has been heavily damaged by this MtGox issue, I wish they may come with a good plan to compensate us. The guy seems to want the opposite. Yes, he wants the opposite, because it would be bad for bitcoin if moral hazard behavior gets rewarded. WTF!? Who gets rewarded if Gox customers get 30% of their BTCs back? Who? Everybody who listened to sturle et al. and stored the coins there until the end. Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing. And I don't give a shit about the coins which you have entrusted to those idiots. Deserves zero rewards. |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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February 27, 2014, 11:38:26 AM |
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Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing.
Pussy vendetta? Some long-time members of this community willingly deceived newcomers. |
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chocomav
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Activity: 84
Merit: 10
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February 27, 2014, 11:50:18 AM |
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eMpTy GOX
How ironic...
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donk4u
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Activity: 889
Merit: 1000
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February 27, 2014, 12:20:31 PM |
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half of what Madoff stole was recovered? Note even close. Any proof to this wild statement?
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donk4u
Legendary
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Activity: 889
Merit: 1000
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February 27, 2014, 12:27:21 PM |
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The consensus here, as far as I can tell, seems to be that they won't ever open up any form of BTC or fiat withdrawals? All fiat deposited at Gox now will probably be used to pay Mark's legal bills? That's why I've been arguing for putting Mt. Gox into involuntary bankruptcy in Japan. Someone in the legal forum is gearing up to do that. Once that happens, a court-appointed receiver takes over control of all assets. Then, with full access to all Mt. Gox records, there's more hope of finding the "missing" Bitcoins. They're somewhere. With the FBI, the Tokyo Metropolitan Police, the Chief Cabinet Secretary of Japan, and the U.S. Attorney for the Southern District of New York all asking questions, they might well be recovered. It took a while, but over half of what Madoff stole has been recovered. quote about half of what madoff stole has been recoevered |
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BitPaulo
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Activity: 71
Merit: 10
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February 27, 2014, 12:48:12 PM |
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The consensus here, as far as I can tell, seems to be that they won't ever open up any form of BTC or fiat withdrawals? All fiat deposited at Gox now will probably be used to pay Mark's legal bills? That's why I've been arguing for putting Mt. Gox into involuntary bankruptcy in Japan. Someone in the legal forum is gearing up to do that. Once that happens, a court-appointed receiver takes over control of all assets. Then, with full access to all Mt. Gox records, there's more hope of finding the "missing" Bitcoins. They're somewhere. With the FBI, the Tokyo Metropolitan Police, the Chief Cabinet Secretary of Japan, and the U.S. Attorney for the Southern District of New York all asking questions, they might well be recovered. It took a while, but over half of what Madoff stole has been recovered. quote about half of what madoff stole has been recoevered Here's a bit of info on that http://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Madoff_investment_scandal"There have been attempts for the recovery of funds from the Madoff investment scandal. Approximately $5.868 billion has been distributed to victims of Bernard Madoff through the agency of trustee Irving Picard." "most victims will only receive roughly 34 percent of what Madoff stole, with only a handful being made whole" We need Picard! |
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ImI
Legendary
Offline
Activity: 1946
Merit: 1019
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February 27, 2014, 01:26:53 PM |
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Seems like this Two-Bit-Idiot was hired to put an end to any plans for a possible recovery of MtGox. He kind of lets this slip on his Tumblr. As someone who has been heavily damaged by this MtGox issue, I wish they may come with a good plan to compensate us. The guy seems to want the opposite. Yes, he wants the opposite, because it would be bad for bitcoin if moral hazard behavior gets rewarded. WTF!? Who gets rewarded if Gox customers get 30% of their BTCs back? Who? Everybody who listened to sturle et al. and stored the coins there until the end. Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing. And I don't give a shit about the coins which you have entrusted to those idiots. Deserves zero rewards. So a random customer at MtGox was doing "moral hazard behaviour" and does deserve to "not get rewarded" therefore and get his funds back? Thats such a utterly bullshit point of view... I LOL'ed! |
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ImI
Legendary
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Activity: 1946
Merit: 1019
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February 27, 2014, 01:32:22 PM |
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Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing.
Pussy vendetta? Some long-time members of this community willingly deceived newcomers. Thats not the point. Plz read what i was responding at. There is no reason why the average customer at MtGox did some "moral haszard behavior" and therefore deserves to loose his funds. Its obv another story if somebody bought Goxcoins at a later state in the story and knew the risk he was taking. |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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February 27, 2014, 01:41:15 PM |
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Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing.
Pussy vendetta? Some long-time members of this community willingly deceived newcomers. Thats not the point. Plz read what i was responding at. There is no reason why the average customer at MtGox did some "moral haszard behavior" and therefore deserves to loose his funds. Its obv another story if somebody bought Goxcoins at a later state in the story and knew the risk he was taking. In my opinion anyone with funds on Gox knew the risks he was taking. I'll state the obvious again: the writing was on the wall. |
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ImI
Legendary
Offline
Activity: 1946
Merit: 1019
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February 27, 2014, 01:52:19 PM |
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Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing.
Pussy vendetta? Some long-time members of this community willingly deceived newcomers. Thats not the point. Plz read what i was responding at. There is no reason why the average customer at MtGox did some "moral haszard behavior" and therefore deserves to loose his funds. Its obv another story if somebody bought Goxcoins at a later state in the story and knew the risk he was taking. In my opinion anyone with funds on Gox knew the risks he was taking. I'll state the obvious again: the writing was on the wall. In my opinion none of the customers with funds on Gox deserves to loose all his funds. Why should that be so? They didnt stole those funds, did they? Neither did they harm anyone just by depositing BTCs or FIAT at the exchange. Its their money and the obv deserve to get them back. |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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February 27, 2014, 01:54:00 PM |
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Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing.
Pussy vendetta? Some long-time members of this community willingly deceived newcomers. Thats not the point. Plz read what i was responding at. There is no reason why the average customer at MtGox did some "moral haszard behavior" and therefore deserves to loose his funds. Its obv another story if somebody bought Goxcoins at a later state in the story and knew the risk he was taking. In my opinion anyone with funds on Gox knew the risks he was taking. I'll state the obvious again: the writing was on the wall. In my opinion none of the customers with funds on Gox deserves to loose all his funds. Why should that be so? They didnt stole those funds, did they? Neither did they harm anyone just by depositing BTCs or FIAT at the exchange. Its their money and the obv deserve to get them back. I certainly agree with that but I don't see how those who bought "goxBTC" on bitcoinbuilder deserve less than those who just had their funds on Gox. Everybody knew the risks. |
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T.Stuart
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February 27, 2014, 02:16:52 PM |
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Are you nuts? I dont give a shit about your "sturle" and your private pussy vendetta you folks in here are producing.
Pussy vendetta? Some long-time members of this community willingly deceived newcomers. Thats not the point. Plz read what i was responding at. There is no reason why the average customer at MtGox did some "moral haszard behavior" and therefore deserves to loose his funds. Its obv another story if somebody bought Goxcoins at a later state in the story and knew the risk he was taking. In my opinion anyone with funds on Gox knew the risks he was taking. I'll state the obvious again: the writing was on the wall. In my opinion none of the customers with funds on Gox deserves to loose all his funds. Why should that be so? They didnt stole those funds, did they? Neither did they harm anyone just by depositing BTCs or FIAT at the exchange. Its their money and the obv deserve to get them back. I certainly agree with that but I don't see how those who bought "goxBTC" on bitcoinbuilder deserve less than those who just had their funds on Gox. Everybody knew the risks. Being one of those who played with Bitcoinbuilder over the last days (which btw I believe was a great idea and not some part of the "plan") I think I am among the most stupid. Many who have their funds in Gox were have been in the process of trying to get them out for weeks or months. |
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illdeletethis
Newbie
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Activity: 59
Merit: 0
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February 27, 2014, 02:18:50 PM |
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a typical gox move would be getting an investor to buy up gox coins on bitcoinbuilder and sell stock for goxcoins
during that move the investor would get obligations to himself, which get wiped out, and could restart gox with low levels of debt quite cheaply
this would require the site going online again in order to get large sell volumes on builder
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MikeH
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February 27, 2014, 04:18:57 PM |
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That's why I've been arguing for putting Mt. Gox into involuntary bankruptcy in Japan. Someone in the legal forum is gearing up to do that.
Someone mentioned they were doing that early this week so I assumed it's why they halted trading, nobody else is talking about it though. I was hoping they wouldn't because the funds may have been recovered in time.. instead we just have high rollers taking legal action for 30% or whatever, probably leaving nothing for the low btc peasants. |
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ImI
Legendary
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Activity: 1946
Merit: 1019
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February 27, 2014, 04:48:50 PM |
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It has been a theory the recent days that they cant access their cold wallets. |
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Hen0xyd
Member
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Activity: 87
Merit: 10
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February 27, 2014, 04:53:08 PM |
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a typical gox move would be getting an investor to buy up gox coins on bitcoinbuilder and sell stock for goxcoins
during that move the investor would get obligations to himself, which get wiped out, and could restart gox with low levels of debt quite cheaply
this would require the site going online again in order to get large sell volumes on builder
That would have been a nice opportunity but now everyone is knowing more and more I doubt this could be happening. Too bad because goxxed users (im one of them) could have their funds back. But it would have been very unfair - and probably illegal in most of countries to do this.  |
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iikun
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Activity: 1062
Merit: 1003
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February 27, 2014, 04:55:16 PM |
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It has been a theory the recent days that they cant access their cold wallets. Yeah, I've been following that idea as well. This is the first evidence I've seen which might support that hypothesis, but wondered if there is something I'm overlooking. One of the links on the reddit post leads to a page with a "Magical Tax" instead of Tux, so I wondered if it was faked or something |
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 27, 2014, 05:30:39 PM |
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It has been a theory the recent days that they cant access their cold wallets. Yeah, I've been following that idea as well. This is the first evidence I've seen which might support that hypothesis, but wondered if there is something I'm overlooking. One of the links on the reddit post leads to a page with a "Magical Tax" instead of Tux, so I wondered if it was faked or something For sure we are overlooking many things... but this is more consistent and reasonable than the recent "leaked" documents and rumours. Those addresses are full of bitcoins, and the date of the latest transfers suggest a high chance that they belong to mtgox deep cold wallets. Anyone else have EVER reported such high ammount of bitcoins to be lost? |
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