750k coins stolen =7% of currently mined coins, belong to one person?

[chessnut]

If 7% and eventually 3.5% of all bitcoins were in the hand of one thief, then what possible implications would that have on the market?

If the price of bitcoin rocketed up to the highs we all expect, this person will become the single richest person in the world by a mile.

If they wanted to, he could drive the price into the floor, and possibly hold it there for some time.

I think this imbalance in wealth distribution is now becoming too much, this could be a problem with bitcoin.

should we have our eyes peeled on Litecoin as a new start?

do we have any information available about where the coins are? are the transactions being tracked on the blockchain?

[gentlemand]

If there's any truth to that document, not that anyone's confirmed it, the leakage took place over a long, long time and they were fed into the market.

Chances are most already have some of those coins in their wallet already.

[dmpotter]

If the amount is true, they other 1/2 of the statement would need to be considered.. Over several years...

Many people have had many coins.. He didn't run off with that many coins at one time. They would already be diluted into the market.

[thelema93]

The document was fake. You'd have to be a fucking retard not to work that out.

[Dalmar]

The document was fake. You'd have to be a fucking retard not to work that out.

People said the same thing when it was released yesterday, but pretty much everything it said played out so far.

[Wilhelm]

The document was fake. You'd have to be a fucking retard not to work that out.

People said the same thing when it was released yesterday, but pretty much everything it said played out so far.

Lol we'll see if they reopen on 1st of April

[kendog77]

If 7% and eventually 3.5% of all bitcoins were in the hand of one thief, then what possible implications would that have on the market?

If the price of bitcoin rocketed up to the highs we all expect, this person will become the single richest person in the world by a mile.

If they wanted to, he could drive the price into the floor, and possibly hold it there for some time.

I think this imbalance in wealth distribution is now becoming too much, this could be a problem with bitcoin.

should we have our eyes peeled on Litecoin as a new start?

do we have any information available about where the coins are? are the transactions being tracked on the blockchain?

I call bullshit. Even though Mt. Gox was pretty incompetent, it's hard to believe that they didn't have very basic accounting practices in place to catch this sort of issue.

Surely someone did audits and helped them do their taxes every year.

[chessnut]

The document was fake. You'd have to be a fucking retard not to work that out.

Hey kid, we are on the internet, anything is possible, especially when Andreas Antonopoulos speaks of it in context. Do you need Proudhon to confirm it for you?
Im not a fucking retard. do you think you're being clever? think you won some sort of prize? you've been watching too much TV.
 

[T.Stuart]

The document was fake. You'd have to be a fucking retard not to work that out.

People said the same thing when it was released yesterday, but pretty much everything it said played out so far.

Easy to put that in because at least several people including Charlie Shrem alluded to Karpeles stepping down and a change coming for Gox, over the past couple of days. My guess is The Foundation and assorted cronies were told of the plans at least a few days ago.

Not saying it is them, but once the info is out then it leaks and someone gets the bright idea of having a pop at Gox by drafting this document.

Or as someone else suggested it is in collusion with Gox so that they can refute it.

I just can't believe it is a genuine business document. It's so badly written! 

[CrashX]

No it belongs to me at least 10% of their coins. 

[TERA]

Even if 750k is true, where do you see that it belongs to one person? The exploit was used by multiple people. I saw a tutorial on how to do it on youtube.