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Newar
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Activity: 1358
Merit: 1001
https://gliph.me/hUF
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August 01, 2015, 07:29:31 AM |
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JorgeStolfi
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August 01, 2015, 11:59:22 AM |
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Ashley Barr, A.K.A "Adam Turner", the first Mt.Gox employee (Jun/2011--May/2012), is doing an Ask Me Anything (AMA) session on reddit. |
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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August 01, 2015, 12:57:01 PM |
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[–]MtGox_Adam 3 points 25 minutes ago
He VNC'd into a remote linux desktop, and accessed the wallet from there. It wasn't cold storage... that was what I was trying to say.
permalinksaveparentreportgive goldreply
[–]singularity87 1 point 24 minutes ago
Holyshit.
permalinksaveparentreportgive goldreply
[–]tecopos 1 point 23 minutes ago
So there was NO cold storage at the time you worked there? I'm seriously shocked by some stuff I'm reading here, this is far worse than I thought.
permalinksaveparentreportgive goldreply
[–]jrmxrf 1 point 33 minutes ago
VNC'd, not SSH'd, that's not a typo, right? We're talking mtgox "cold" storage. I'm seriously ROTFLMAO here. He's either trolling or we're talking about the perfect guy (MK) to do everything wrong (in every aspect possible)...  |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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Stapleddiet
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Activity: 89
Merit: 13
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August 02, 2015, 01:23:28 AM |
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The first day of Marks new life, hope the bunk wasn't to harsh after the penthouse. Hope I can send some mail at times just to cheer him up a bit.
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bakada
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August 02, 2015, 02:12:10 AM |
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The first day of Marks new life, hope the bunk wasn't to harsh after the penthouse. Hope I can send some mail at times just to cheer him up a bit.
Great idea, we should start a snail mail campaign sending photos of how great life is on the outside, once he gets settled in as being the cell block gaijin pet. |
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Newar
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Activity: 1358
Merit: 1001
https://gliph.me/hUF
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August 02, 2015, 01:56:11 PM |
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[–]MtGox_Adam 3 points 25 minutes ago
He VNC'd into a remote linux desktop, and accessed the wallet from there. It wasn't cold storage... that was what I was trying to say.
permalinksaveparentreportgive goldreply
[–]singularity87 1 point 24 minutes ago
Holyshit.
permalinksaveparentreportgive goldreply
[–]tecopos 1 point 23 minutes ago
So there was NO cold storage at the time you worked there? I'm seriously shocked by some stuff I'm reading here, this is far worse than I thought.
permalinksaveparentreportgive goldreply
[–]jrmxrf 1 point 33 minutes ago
VNC'd, not SSH'd, that's not a typo, right? We're talking mtgox "cold" storage. I'm seriously ROTFLMAO here. He's either trolling or we're talking about the perfect guy (MK) to do everything wrong (in every aspect possible)... Nothing new here. At one point MK referred to "cold storage" as something being behind a firewall. |
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jslim18
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August 02, 2015, 02:42:42 PM |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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August 02, 2015, 02:59:46 PM |
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I believe this should've been done since last February - March. Most possibly, we'd know, by now, what the real story was (behind the story that they let us know so far) and found out earlier about MK incompetence to run the most illustrious business of the century. Makes me wonder (still can't believe) how a guy like him made it to the top of the Bitcoin world... |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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hd060053
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August 03, 2015, 12:59:55 PM |
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so what that means for the missing coins / money now ? do you think we will get something back ?
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macsga
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August 03, 2015, 01:39:29 PM |
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so what that means for the missing coins / money now ? do you think we will get something back ?
I believe the most possible scenario is to get a portion of the 200K that are reported as "found". I'm not sure what will happen with the other 650K "missing" not to mention the fiat money that people had into MtGox's bank accounts. I'm confident that the best we can expect is a 1/4 of the coins, not sure we will get them though...  |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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pinky
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August 03, 2015, 02:00:16 PM |
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so what that means for the missing coins / money now ? do you think we will get something back ?
I believe the most possible scenario is to get a portion of the 200K that are reported as "found". I'm not sure what will happen with the other 650K "missing" not to mention the fiat money that people had into MtGox's bank accounts. I'm confident that the best we can expect is a 1/4 of the coins, not sure we will get them though... We will soon see how many people did file bankruptcy claims and for how much. Then we will have very good estimate. |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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August 03, 2015, 07:52:44 PM |
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so what that means for the missing coins / money now ? do you think we will get something back ?
I believe the most possible scenario is to get a portion of the 200K that are reported as "found". I'm not sure what will happen with the other 650K "missing" not to mention the fiat money that people had into MtGox's bank accounts. I'm confident that the best we can expect is a 1/4 of the coins, not sure we will get them though... We will soon see how many people did file bankruptcy claims and for how much. Then we will have very good estimate. I believe that a great number of the allegedly "verified" accounts were not at all verified, so you have a point there. I also think that we miss a part of the story that has to do with the missing 650K and in whose hands those funds are. I expect that Kobayashi brought in MK because he thought the missing BTCs were embezzled by him (or a close colleague). These musings, of course, are only scenarios that may have nothing to do with the real deal. We'll see. |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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Newar
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https://gliph.me/hUF
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August 07, 2015, 07:06:21 AM |
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EuSouBitcoin
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August 07, 2015, 02:40:41 PM |
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Japan court rules against Bitcoin compensation plea http://www.bbc.com/news/technology-33816664 |
You can't win if you don't play. But you can't play if you lose all your chips. First I found bitcoin (BTC). Then I found something better, Monero (XMR). See GetMonero.org
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macsga
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Strange, yet attractive.
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August 07, 2015, 03:28:43 PM |
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Here's something that has been brought up earlier on this thread, but worth mentioning and clarifying further because it's essential for everyone involved to understand it fully: The judge in the case, Masumi Kurachi, ruled that the Japanese law only allowed for proprietorship of tangible entities that occupy space and which allow for exclusive control over them.
As a result, virtual currency could not be owned. What's at stake is that when we (as MtGox clients) sent our BTCs to their exchange, those BTCs are no longer ours. What we have instead is a licence agreement (or if you prefer, a "promise" of MtGox) that will give our BTCs back whenever we want to withdraw them out of there. This is not limited to MtGox, but involves EVERY EXCHANGE out there. Meaning that every trader should be aware that whenever he has deposited his crypto on an exchange this crypto is *literally* not his. What we expect here, (more likely wish for) is our *possibility* of getting a fraction of our crypto. This should be considered equal to the possibility of us, not getting anything at all... |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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tvbcof
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Activity: 4746
Merit: 1277
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August 07, 2015, 07:26:48 PM |
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Here's something that has been brought up earlier on this thread, but worth mentioning and clarifying further because it's essential for everyone involved to understand it fully: The judge in the case, Masumi Kurachi, ruled that the Japanese law only allowed for proprietorship of tangible entities that occupy space and which allow for exclusive control over them.
As a result, virtual currency could not be owned. What's at stake is that when we (as MtGox clients) sent our BTCs to their exchange, those BTCs are no longer ours. What we have instead is a licence agreement (or if you prefer, a "promise" of MtGox) that will give our BTCs back whenever we want to withdraw them out of there. This is not limited to MtGox, but involves EVERY EXCHANGE out there. Meaning that every trader should be aware that whenever he has deposited his crypto on an exchange this crypto is *literally* not his. What we expect here, (more likely wish for) is our *possibility* of getting a fraction of our crypto. This should be considered equal to the possibility of us, not getting anything at all... I did not even bother to request the BTC I had in Mt. Gox. That was minor in my case because I sensed trouble and drew down my BTC account to a minimal level. I did file a claim for the wire they never sent after I sold some BTC for fiat on Kraphole's trading platform. This ruling is actually great news for people in my situation because it indicates that it is unlikely that whatever fiat value can be clawed back will be converted back to BTC to make whole those who have (or don't have) a claim in that medium. Note that the same principle (value becomes property of the depositee upon deposit) applies to fiat in banking institutions in the U.S. As I understand the law at least. Just as I always limited the BTC I had with an exchange (even back in 2011) I limit the fiat I keep on deposit in a bank. Same legal and operational rational, although bank failures are vastly more rare than appropriation of BTC by Bitcoin exchange 'services' so I am usually prone to keep more value under such risk in mainstream banks. I very much look forward to the continued development of the 'trust everyone' frameworks being undertaken by the Blockstream guys. In this way I could store value at an exchange and they would have an arbitrarily limited ability to appropriate it, or at least to do so indefinitely. In such a world the court's word on such things becomes irrelevant. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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Monopoly
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August 08, 2015, 07:19:29 PM |
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I didn't follow news . is there any hope for refund BTCs ? last week i saw on euro news the owner of mtgox was arrested .
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pinky
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August 08, 2015, 07:25:37 PM |
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is there any hope for refund BTCs ?
Sure, if you filed the claim you will most likely get some %. |
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Brewins
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Merit: 1000
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August 09, 2015, 12:27:21 AM |
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is there any hope for refund BTCs ?
Sure, if you filed the claim you will most likely get some %. I think the BTC's will be auctioned and he will get japan currency instead, and will only be able to withdraw in Japanese banks or maybe in cash. Not good if your balance is not high |
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