[VIDEO] Roger Ver says he is sorry about MTGOX

[smoothie]

https://www.youtube.com/watch?v=GRIJ_jpmwzo

Keep in mind people don't listen to anyone unless you do your own due diligence first.

[BitCoinNutJob]

meh

Life changing amount of money lost by who?....him?  he probably lost 2% at most, same with eric voorhees moaning about losing 550, its a tough loss but both multi millionaires.

These early adopters could help alot more, bitcoin is gunna lose alot of hardcore enthusiasts who got burnt by gox.  There will be new blood at some point sure...

If im roger ver id be looking into a gox take over, limit withdraws & get it up and running, remove CEO & staff... its no longer gox then & customers dont get burned.

Smoothie i know you may probably disagree, i dont want to argue ok really cant be bothered:)

[T.Stuart]

meh

Life changing amount of money lost by who?....him?  he probably lost 2% at most, same with eric voorhees moaning about losing 550, its a tough loss but both multi millionaires.

These early adopters could help alot more, bitcoin is gunna lose alot of hardcore enthusiasts who got burnt by gox.  There will be new blood at some point sure...

If im roger ver id be looking into a gox take over, limit withdraws & get it up and running, remove CEO & staff... its no longer gox then & customers dont get burned.

Smoothie i know you may probably disagree, i dont want to argue ok really cant be bothered:)

Yeah I can't stand it when they say "lost a life-changing amount of money" when they have at least several more "life-changing amount of money" left!

Some people really have lost their entire savings through this. Of course it is everyone's own decision what they do with their money but we are talking real "life-changing" amounts here.

Rather than all the distancing going on why don't some of these guys club together to at least openly discuss options to take over as you suggest? At least to show that they are looking at ways they might help.

Investigating ways to help actively - not just trying to cover the fact that he publicly backed a totally insolvent company by spinning this into a "so that we don't have to trust others we need more decentralization for a better world" crap philosophy! Not the right time for you to talk about how we shouldn't have to trust people IMO Roger.

[BitCoinNutJob]

meh

Life changing amount of money lost by who?....him?  he probably lost 2% at most, same with eric voorhees moaning about losing 550, its a tough loss but both multi millionaires.

These early adopters could help alot more, bitcoin is gunna lose alot of hardcore enthusiasts who got burnt by gox.  There will be new blood at some point sure...

If im roger ver id be looking into a gox take over, limit withdraws & get it up and running, remove CEO & staff... its no longer gox then & customers dont get burned.

Smoothie i know you may probably disagree, i dont want to argue ok really cant be bothered:)

Some people really have lost their entire savings through this. Of course it is everyone's own decision what they do with their money but we are talking real "life-changing" amounts here.

"poorer" people do silly things like hold more money than they should have in gox, it happens for a # of reasons.  Its a socioeconomic problem, rich people on average make better decisions.  In this case hold lesser % in gox.

Its nothing new, it will happen again & again.

edit: yep i know intelligence is another variable

[T.Stuart]

meh

Life changing amount of money lost by who?....him?  he probably lost 2% at most, same with eric voorhees moaning about losing 550, its a tough loss but both multi millionaires.

These early adopters could help alot more, bitcoin is gunna lose alot of hardcore enthusiasts who got burnt by gox.  There will be new blood at some point sure...

If im roger ver id be looking into a gox take over, limit withdraws & get it up and running, remove CEO & staff... its no longer gox then & customers dont get burned.

Smoothie i know you may probably disagree, i dont want to argue ok really cant be bothered:)

Some people really have lost their entire savings through this. Of course it is everyone's own decision what they do with their money but we are talking real "life-changing" amounts here.

"poorer" people do silly things like hold more money than they should have in gox, it happens for a # of reasons.  Its a socioeconomic problem, rich people on average make better decisions.  In this case hold lesser % in gox.

Its nothing new, it will happen again & again.

edit: yep i know intelligence is another variable

The amount of stupid decisions being made by the Bitcoin richlist is astounding - guess they haven't been rich for long enough eh? 

[BitCoinNutJob]

lol yeah that might be the reason why actually.... i speak no lie though there have been studies on this & its kinda obvious anyway.

I dont think its entirely peoples fault for having money in gox, they just did what they could, shit decision though yup & nobody has to help them

[T.Stuart]

lol yeah that might be the reason why actually.... i speak no lie though there have been studies on this & its kinda obvious anyway.

I dont think its entirely peoples fault for having money in gox, they just did what they could, shit decision though yup & nobody has to help them

I fall into this category as I transferred funds in recently.

But some have been trying to get out for months and been stuck. These people are entirely blameless IMO.

[BitCoinNutJob]

But you could have took the hit & bought bitcoin if you've been stuck for months.

I still dont think you would or anyone else would be entirely to blame, i dont think real life works like this, society might, you just 1 man though.

[T.Stuart]

Just realised that my comment to Roger Ver on his YouTube Video only shows up to me!

Clever Roger is selecting what goes into comments and what does not. The poor guy must be getting hell if some of the authorised comments are anything to go by! 

Anyway here is mine:

"Yes you are right Roger: we need more decentralization so that we don't end up trusting anyone else, because anyone trusting your broadcast claiming Gox was solvent when we now all know that they have not been for a long time, lost out. Some people lost EVERYTHING. You should be ashamed today spinning this into the "wider picture". I am afraid that you will remember your "favour to Gox" as one of the biggest mistakes in your life. And you will probably be reminded of this by people over the years to come. In my opinion just say "I am very sorry for publicly backing Gox at a time when we now know they were deeply insolvent" as sincerely as you can and then be quiet for a while. Don't fudge the issue now. Sorry to be so blunt but I was one of those people who took your word quite seriously, although ultimately my decision to hold funds in Gox was of course my own. I made a stupid mistake."

You may think I'm a trollish asshole for publishing that but this latest video is about as disingenuous as it gets. Roger trying to cover his back as quickly as he can and help us all to "move on".

[BitCoinNutJob]

If he wants to truly help those goxed he can

A few of us are looking for a customer takeover:

http://www.reddit.com/r/Bitcoin/comments/1yyrvf/open_letter_to_mark_karpeles_voluntary/?sort=new

[smoothie]

meh

Life changing amount of money lost by who?....him?  he probably lost 2% at most, same with eric voorhees moaning about losing 550, its a tough loss but both multi millionaires.

These early adopters could help alot more, bitcoin is gunna lose alot of hardcore enthusiasts who got burnt by gox.  There will be new blood at some point sure...

If im roger ver id be looking into a gox take over, limit withdraws & get it up and running, remove CEO & staff... its no longer gox then & customers dont get burned.

Smoothie i know you may probably disagree, i dont want to argue ok really cant be bothered:)

Nope couldnt be further than what you think. I agree with everything you said above except the part about bitcoin is going to lose a lot of hardcore enthusiasts because new ones will emerge even if there are some that leave. I say good riddance to anyone who wants to walk out the door.

[T.Stuart]

If he wants to truly help those goxed he can

A few of us are looking for a customer takeover:

http://www.reddit.com/r/Bitcoin/comments/1yyrvf/open_letter_to_mark_karpeles_voluntary/?sort=new

That would change my current opinion of the man in a second. Come on Bitcoin Jesus - "all in" to Gox!

[smoothie]

lol yeah that might be the reason why actually.... i speak no lie though there have been studies on this & its kinda obvious anyway.

I dont think its entirely peoples fault for having money in gox, they just did what they could, shit decision though yup & nobody has to help them

I fall into this category as I transferred funds in recently.

But some have been trying to get out for months and been stuck. These people are entirely blameless IMO.

I disagree. The writing was on the wall about 8 month ago when GOX stopped doing USD wire transfers and claimed "TWO WEEKS" was their delay which turned out to be FOREVER.

Those who lost in GOX got what was coming to them. If you dont do your due diligence then you are asking to get burned.

[smoothie]

Just realised that my comment to Roger Ver on his YouTube Video only shows up to me!

Clever Roger is selecting what goes into comments and what does not. The poor guy must be getting hell if some of the authorised comments are anything to go by! 

Anyway here is mine:

"Yes you are right Roger: we need more decentralization so that we don't end up trusting anyone else, because anyone trusting your broadcast claiming Gox was solvent when we now all know that they have not been for a long time, lost out. Some people lost EVERYTHING. You should be ashamed today spinning this into the "wider picture". I am afraid that you will remember your "favour to Gox" as one of the biggest mistakes in your life. And you will probably be reminded of this by people over the years to come. In my opinion just say "I am very sorry for publicly backing Gox at a time when we now know they were deeply insolvent" as sincerely as you can and then be quiet for a while. Don't fudge the issue now. Sorry to be so blunt but I was one of those people who took your word quite seriously, although ultimately my decision to hold funds in Gox was of course my own. I made a stupid mistake."

You may think I'm a trollish asshole for publishing that but this latest video is about as disingenuous as it gets. Roger trying to cover his back as quickly as he can and help us all to "move on".

The "move on" cover in my view is just so we can hurry up and forget about what he said in his video posted in the summer where he basically vouched for MTGOX.

[T.Stuart]

lol yeah that might be the reason why actually.... i speak no lie though there have been studies on this & its kinda obvious anyway.

I dont think its entirely peoples fault for having money in gox, they just did what they could, shit decision though yup & nobody has to help them

I fall into this category as I transferred funds in recently.

But some have been trying to get out for months and been stuck. These people are entirely blameless IMO.

I disagree. The writing was on the wall about 8 month ago when GOX stopped doing USD wire transfers and claimed "TWO WEEKS" was their delay which turned out to be FOREVER.

Those who lost in GOX got what was coming to them. If you dont do your due diligence then you are asking to get burned.

On behalf of myself I agree with you.

[BitCoinNutJob]

Yet still tons of people made mistake of having funds in gox. Eric voorhees is clearly not an idiot so its bad decision.

[BitCoinNutJob]

Just realised that my comment to Roger Ver on his YouTube Video only shows up to me!

Clever Roger is selecting what goes into comments and what does not. The poor guy must be getting hell if some of the authorised comments are anything to go by! 

Anyway here is mine:

"Yes you are right Roger: we need more decentralization so that we don't end up trusting anyone else, because anyone trusting your broadcast claiming Gox was solvent when we now all know that they have not been for a long time, lost out. Some people lost EVERYTHING. You should be ashamed today spinning this into the "wider picture". I am afraid that you will remember your "favour to Gox" as one of the biggest mistakes in your life. And you will probably be reminded of this by people over the years to come. In my opinion just say "I am very sorry for publicly backing Gox at a time when we now know they were deeply insolvent" as sincerely as you can and then be quiet for a while. Don't fudge the issue now. Sorry to be so blunt but I was one of those people who took your word quite seriously, although ultimately my decision to hold funds in Gox was of course my own. I made a stupid mistake."

You may think I'm a trollish asshole for publishing that but this latest video is about as disingenuous as it gets. Roger trying to cover his back as quickly as he can and help us all to "move on".

The "move on" cover in my view is just so we can hurry up and forget about what he said in his video posted in the summer where he basically vouched for MTGOX.

yup totally

[clownius]

But you could have took the hit & bought bitcoin if you've been stuck for months.

I still dont think you would or anyone else would be entirely to blame, i dont think real life works like this, society might, you just 1 man though.

Unfortunately i dont know about others but by the time i got my withdrawal cancelled and brought bitcoin to pull that out they shut down btc withdrawals.  I seriously doubt im alone in that.

I wait with interest to see what comes of this whole situation.  I hear lots of anger and speculation but very little information.

I mean one random doc is being quoted as gospel and yet we still havent authenticated it in any meaningful way.  It tends to support some of whats happened yes but not other bits.

On the other side we have people sure mtgox is one big fraud.

Then we have stories about USG Federal prosecutors being involved.

I will wait and see what happens.  Companies go wrong in fiat markets too. 

Panicking or calling for someones head does nothing for getting my money or coin back.  So i will wait and see.  If mtgox gets brought or some sort of bailout is organised i will make my decisions then about if im involved in any further way.

On the upside i found a market in my local country i can use than pays out in under 24hrs (i tested it) for any further conversions to fiat.  So i gained that at least

[paradigm_smasher]

WTF would ANYONE want roger ver to take over gox when he did such a pisspoor job of validating their business before telling everyone that gox was sound?

seriously... this is stockholm syndrome.

every... single... one... of... those... that... could... but... haven't.... spoken... up... about... gox... are amoral selfserving cannibals that fed on the goodwill and ressources of many many other people.

ostracize both ver and the btc foundation board members NOW before they do more damage to the eco-system.

[MemoryDealers]

I'm sorry I led people to trust Mtgox.
I'm sorry I allowed Mtgox to use me in this way.
I'm sorry I ever made that video to help Mtgox.  
It seemed like the right thing at the time.

But I'm sick of people claiming I said Mtgox was was solvent!
I NEVER SAID THAT, EVER!
Liquidity != Solvency

I chose my words very carefully.
That is why I read them from my own script.
I said Mtgox had lots of LIQUIDITY 7 months ago when I made that video.
That was certainly true, but is completely different from saying that they were solvent.


Transcript:
I'm Roger Ver, long time Bitcoin advocate and investor.
Today I'm at the Mtgox world headquarters in Tokyo Japan.
I had a nice chat with MTGOX CEO, Mark Karpeles, about their current situation.
He showed me multiple bank statements, as well as letters from banks and lawyers.
I'm sure that all the current withdrawal problems at MTGOX are being caused by the traditional banking system, not because of a lack of liquidity at MTGOX.
The traditional banking partners that MTGOX needs to work with are not able to keep up with the demands of the growing Bitcoin economy.
The dozens of people that make up the MTGOX team are hard at work establishing additional banking partners, that eventually will make dealing with MTGOX easier for all their customers around the world.  For now,  I hope that everyone will continue working on Bitcoin projects that will help make the world a better place.

Roger Ver