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Author Topic: The kevin situation is like...  (Read 1144 times)
jhansen858
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June 21, 2011, 09:10:50 AM
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Re minds me of that episode of Family guy where he goes on un employment, and the govt accidently sends him checks for $50,000 a week...

I had a legit buy order to buy coins at 13.50 that was up for at least a week or two before this happened... My order was filled when the market crashed(effectively doubling my total net worth).  I was briefly able to log in and see my balance before the market was taken off line.  I had considered yanking coins out for safe keeping but was not that worried about it.    Clearly, I wouldn't want to accept stolen funds in order to further my own greed.  There is too much bad karma associated with that.  At the time, I thought and early adopter decided to do a little profit taking and suck 200k out of the market... I was cool with that, it would have made the overall economy more stable in the long run.  I'm guessing my trade is invalid just as yours is.

Kevin, you can say you deserved to make that extremely easy money, but A TRADE IS BETWEEN TWO WILLING PARTIES.  THEFT IS ONE PERSON GAINING AND ANOTHER LOSING.  Anyone who knowingly and directly profits off of others misery with absolutely nothing in return are guilty of something.. Being a bad person the least of it.  I'm not saying you did this, but attempting on keeping ill gotten gains, and persisting to claim said ill gotten gains should not be returned to their rightful owners is just as bad as directly stealing them in my book.

Man the fuck up brother.. admit you took advantage of a fucked up situation that normally would not occur, return the cursed treasure, maybe you will not come back in your next life as a 3 legged cat or something...

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matsh
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June 21, 2011, 09:13:22 AM
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Ah-men!
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June 21, 2011, 09:22:22 AM
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i wonder if mtgox manages to my balance to show up again...

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June 21, 2011, 09:28:07 AM
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That is a bad comparison.
Nobody knew that MtGox was being hacked.
At the time of the purchase (if he wasn't the attacker) he might have just bought speculating.
When the price went up to $30 you didn't suspect anything, did you?
Whata bout the free fall down to $10? You didn't suspect anything right?

This market have crazy volatility and crazy risk and we are all playing it accepting the risks.
He probably was one person extra speculating and he was right.

Later on it was discovered that it was a hacked account. Was it?
MtGox keeps denying that their systems were hacked, yet their userbase has leaked.
They say that it was the fault of a single compromised account, yet the owner of that compromised account never participated in the forum, never complained, nada. Isn't that a little fishy?

IMO Kevin should keep his money, it is his right to keep it. But it would be a nice gesture if he returned it.
If he returns, the owner or mtgox or both should compensate him for this act of good faith.
In turn, MtGox should compensate us for violating our trust, our privacy and for being negligent in the site's security (but they want to keep avoiding this by staying in permanent denial: they insist that their site wasn't hacked, and therefore they aren't liable)

In any case, Mt. Gox will do whatever they want.
And that causes distrust, a lot of it.
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June 21, 2011, 09:32:30 AM
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He is prob going to take this to court, and if he does the media will be all over it Sad More bad press.

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jhansen858
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June 21, 2011, 09:50:17 AM
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Its just a clear that these ill gotten gains should be returned as it was in my example family guy episode. 

MTGox was clearly not up to the task of running a multi million dollar exchange but it doesn't validate the attitude that kevin thinks he is right.   Hes not.  He has admitted that he knows what the right thing to do is, lets just see if he's man enough to actually do it.

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June 21, 2011, 11:55:15 AM
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At the time of the purchase (if he wasn't the attacker) he might have just bought speculating.

Read his post again. He clearly states he surmised what the seller was trying to do (drive price down to nothing to get as much BTC out as possible), and he even played on it before it got there, putting in a price just above what others were likely to offer. Clearly speculation with premeditated profit in the first degree Smiley
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