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Author Topic: Conspiracy theory: MtGox staging long painful death  (Read 1661 times)
EuroTrash
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July 26, 2013, 11:57:41 AM
 #1

So here's my morning's brain fart:

US banks and US govt are circling around Karpeles' business. He knows that the Powers that Be have decided MtGox' death. He can't win this epic battle legally.

Also it's been said multiple times in this forum: bitcoin economy is too centralized around a single exchange. For the sake of Bitcoin's success, elephant MtGox has to go.
Karpeles knows that and he is a strong believer in the bitcoin idea. To the point of sacrificing his own business for the success of bitcoins.
So rather than going out with a big boom he is doing the bitcoin economy a favour by making MtGox slowly fail and die.

In such context Roger Ver's video kinda makes sense. He's helping Gox' slow exit from the scene. He is not lying but his act is meant to be ambiguous and not inspiring confidence.

Karpeles: the hero that bitcoin community deserves, but not the one it needs right now  Grin

EDIT: corrected most of the spelling mistakes to please our native English speaking friends. But left some just because it's a nice day outside.

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phoenix1
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July 26, 2013, 12:11:22 PM
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interesting brain-fart !  Cheesy
A slow demise of Gox would certainly be better for BTC than an instant collapse for sure. It would be chaos. The bad press that would ensue would leave a terrible smell and knock confidence big time IMO, whereas a slow death would not get much coverage at all.

Whether it is intentional or just the actions of an insect trapped in a web still hoping to escape is another matter  Wink

"Before you embark on a journey of revenge, dig two graves"  - Confucius (China 551BC-479 BC)
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July 26, 2013, 12:33:37 PM
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That doesn't match with the libertarian egoism expected of a Bitcoiner.
What a hero, I'm touched.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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July 26, 2013, 12:56:30 PM
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If there was government-wide interest in killing Bitcoin, they would have done so already. I think they are still in a wait-and-see mode. If during that time there is a lot of legitimate interest (and tax-generating businesses around) Bitcoin, they will absolutely not shut it down. Whatever troubles MtGox has gone through has been entirely self-inflicted.
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July 26, 2013, 02:31:30 PM
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inscenating?

p2pcoin: a USB/CD/PXE p2pool miner - 1N8ZXx2cuMzqBYSK72X4DAy1UdDbZQNPLf - todo
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ColdHardMetal
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July 26, 2013, 03:08:43 PM
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inscenating?

I really couldn't get past that.

EuroTrash
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July 26, 2013, 03:11:47 PM
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inscenating?

whoops Cheesy

I really couldn't get past that.

eczsuse me poor anglais yer lord.
Me forign immigrant skum

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humanitee
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July 26, 2013, 03:14:32 PM
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inscenating?

whoops Cheesy

I really couldn't get past that.

eczsuse me poor anglais yer lord.
Me forign immigrant skum

Get a spell checker if you don't have one. Preferably an anglais one.

Conspiracy theory.
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July 26, 2013, 05:06:06 PM
 #9

as Marks father I can confirm this. He just wants to do good buy his friends, why do you keep attacking him guys? Not cool.
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