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Author Topic: what can we do about Mark Karpeles now  (Read 5530 times)
kalus
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March 01, 2014, 10:08:31 AM
 #61

https://assmkedzgorodn7o.onion.to/

DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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March 01, 2014, 01:06:46 PM
 #62

Yes, evidence. You know; that thing you need to be proven guilty. Didn't you know people are innocent until proven guilty by evidence? I'm mean seriously dude, WTF is wrong with you people?

The clear evidence is that MtGox is no longer operating. Real people are missing their funds, some more desperate than others.

Not guilty?

Feb 8th 2014:
Quote
He (Gay-Bouchery) reiterated the company’s claim that withdrawal problems were merely a technical issue, and that “all the coins are safe”.
Source: http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/


Feb 28th 2014: http://www.businessinsider.com/mtgox-bankruptcy-japanese-news-video-2014-2

Dishonesty does not prove guilt?

You do not need to be a professor to see how seriously MtGox has fucked everything up.

They've contradicted themselves on numerous occasions, they have no respect for customers, they've had several security glitches, and they've been caught in numerous lies.

Not quilty until proven guilty in a court of law? A court of law does not determine guilt. Guilt is established once you do the criminal act, not whether you get caught for it or not. Legally speaking, you're not guilty if the court do not find your guilty, but in the people's eyes, the ones that lost a lot of money, you surely is guilty.

Lets ponder the possibility that there is in fact an honest mistake at play, the chance of this is close to zero. But then at the very least Mark would be guilty of enormous incompetence. Who would handle a coldest-cold wallet where you put everything into one basket. The only sound way would be to break it up. Not 1 address with 500000 BTC, but break that down to 20 addresses with 25K BTC each. Store it redundantly in various locations. Encrypt the privkeys, so they can't be used even if stolen.. Make a scheme so safe and elaborate, that the room for failure is close to non existent. Have a contingency plan where information is stored with a lawyer firm, or even a couple of lawyer firm that can only act if a death report of Mark surfaces.

Mark was an entrepreneur, described as a wizz kid, he went to Japan, built up a hosting company, he programmed at lot of the code at MtGox. He did not delegate work and did not hire experts to the extend that he should, his PR-team had no strategy whatsoever, and at the time that they needed it the most, they did not communicate with the community at all.

The money that has vanished is unfathomable, and imagine if the price increases even more in the future, that money will be worth even more...

MtGox has not even had the courtesy to inform the community in an honest way about their troubles, instead they've just shut tight, not communicating, leaving for the speculation to go completely wild.

Honest mistakes, deliberate fraud, a mix of the two, big ego, lack of ability to admit faults - no matter how you twist and turn it, the outcome is the same.

Guilty!

The law is not equal for everyone. In an upcoming lawsuit, Mark might hire the very best lawyers that money can buy, and he might not even be convicted as guilty. History is full of people who are guilty but escaped because of connections and good lawyers.

The moment you do something unethical or criminal, the moment you embezzle client funds, or avoid telling the truth - at that moment you're guilty. Simple as that.


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March 01, 2014, 01:52:47 PM
 #63

i guess he will not have much fun in the future and wont enjoy his money. this things will take years and maybe (hopefully) he ends up in jail.

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March 01, 2014, 03:52:27 PM
 #64

According to this, considered similar to japanese procedures:

http://bankruptcy.about.com/od/Bankruptcy-Chapters/a/What-Is-Chapter-11-Bankruptcy.htm

Not quite. Civil reorganization in Japan doesn't work in detail like Chapter 11 in the US. Here's an overview of how it works in practice. In particular, the rights of creditors are different.

An important provision: "The debtor’ management operates the firm and works out a Rehabilitation plan or liquidation, unless an interested party can prove management is incompetent. In a case where the debtor’s management is incompetent, Civil Rehabilitation Law provides the appointment of trustee." Proving that management is incompetent would not be difficult in this case. That's worth doing; that kicks Karpeles out and puts a trustee in.

Also, unlike Chapter 11 in the US, lawsuits against the company are not automatically stayed under civil reorganization. You can still sue.

Incidentally, the average time companies spend in civil rehabilitation is about half a year. But the usual case in Japan is that there's one big creditor, a "main bank". That's not the case here.
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March 01, 2014, 04:02:03 PM
 #65

You want a coin which is outside of any countrys law, then you want a help from a government for push him to jail for
stealing you coin.
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March 01, 2014, 04:09:04 PM
 #66

Quote
He (Gay-Bouchery) reiterated the company’s claim that withdrawal problems were merely a technical issue, and that “all the coins are safe”.
They've contradicted themselves on numerous occasions, they have no respect for customers, they've had several security glitches, and they've been caught in numerous lies.

This is how French do business.  It is normal.

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What's going on - Slavetards?!!!
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March 01, 2014, 07:24:18 PM
 #67

The reality seems to be that this man's life is over, he will probably have to go into some kind of protected custody for his safety.

No one has hurt Trendon Shavers, no one has hurt Zhou Tong, no one has hurt James McCarthy. (Just to name some.)
Why should it be different this time?

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March 01, 2014, 07:29:16 PM
 #68

It appears as though Mark has this attitude that he can't fail, I think he will continue to lie and fight to the very end no matter the cost. He seems to be a very stubborn guy (which probably contributed to the fall of Mt. Gox). The second they realized there was a theft, they should have immediately informed everyone and shut down their services until they could get things figured out.

Use my referral link if you want: https://primedice.com/?ref=Crazynoggin
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March 01, 2014, 07:30:29 PM
 #69

The clear evidence is that MtGox is no longer operating. Real people are missing their funds, some more desperate than others.

Not guilty?

Feb 8th 2014:
Quote
He (Gay-Bouchery) reiterated the company’s claim that withdrawal problems were merely a technical issue, and that “all the coins are safe”.
Source: http://www.coindesk.com/mt-gox-first-bitcoin-exchange-dead/


Feb 28th 2014: http://www.businessinsider.com/mtgox-bankruptcy-japanese-news-video-2014-2

Dishonesty does not prove guilt?

No, it doesn't prove you're guilty of theft, it proves you're a liar though. Use you're common sense (if you have any that is).

Quote
You do not need to be a professor to see how seriously MtGox has fucked everything up.

No, but you do have to be a professional to investigate, determine and prove guilt in this world (something you are clearly not qualified to do).

Quote
They've contradicted themselves on numerous occasions, they have no respect for customers, they've had several security glitches, and they've been caught in numerous lies.

Not quilty until proven guilty in a court of law? A court of law does not determine guilt. Guilt is established once you do the criminal act, not whether you get caught for it or not. Legally speaking, you're not guilty if the court do not find your guilty, but in the people's eyes, the ones that lost a lot of money, you surely is guilty.

Are you even fucking kidding? A court of law does not determine guilt? In what fucking world do you live in? Because in the real world, the court of law determines guilt on a daily fucking basis. Go back to school, seriously.

Quote
Lets ponder the possibility that there is in fact an honest mistake at play, the chance of this is close to zero.

We've already established you aren't qualified to investigate, determine or prove guilt. So this statement has the same weight as hot air does.

Quote
But then at the very least Mark would be guilty of enormous incompetence. Who would handle a coldest-cold wallet where you put everything into one basket. The only sound way would be to break it up. Not 1 address with 500000 BTC, but break that down to 20 addresses with 25K BTC each. Store it redundantly in various locations. Encrypt the privkeys, so they can't be used even if stolen.. Make a scheme so safe and elaborate, that the room for failure is close to non existent. Have a contingency plan where information is stored with a lawyer firm, or even a couple of lawyer firm that can only act if a death report of Mark surfaces.

There has been absolutely no evidence released so far that proves anything about the coins. Stolen, lost, hot wallet, cold wallet; nothing. We assume they were stolen by way of malleability exploit. And until concrete evidence surfaces, all anyone here is doing is speculating at best.

Quote
MtGox has not even had the courtesy to inform the community in an honest way about their troubles, instead they've just shut tight, not communicating, leaving for the speculation to go completely wild.

Which I'm sure their legal counsel told them to do. You do know that keeping quiet is something very common legal counsel advises clients to do, right?

Quote
Honest mistakes, deliberate fraud, a mix of the two, big ego, lack of ability to admit faults - no matter how you twist and turn it, the outcome is the same.

Guilty!

Again with flexing that nonexistent legal muscle huh? Just more hot air here folks.

Quote
The law is not equal for everyone. In an upcoming lawsuit, Mark might hire the very best lawyers that money can buy, and he might not even be convicted as guilty. History is full of people who are guilty but escaped because of connections and good lawyers.

The moment you do something unethical or criminal, the moment you embezzle client funds, or avoid telling the truth - at that moment you're guilty. Simple as that.

And everything at the end of your post is your opinion, not fact. Complete bullshit; but hey, that's just my opinion.

I mean seriously, has it even dawned on you that there is no criminal investigation? He filed for Bankruptcy Protection, he didn't turn himself in for murder or something of that nature.

In all honesty, I'm just sitting here laughing at all these nut-case theories. It's amazing how the Internet has empowered such dimwitted people to even express their completely moronic opinions as if they were fact with absolutely no real world consequences.
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March 01, 2014, 09:27:14 PM
 #70

Mt.Gox should give every single satoshi back to its customers even if that is only 1/5 of the original and then issue an apology about their false (and damaging) statements about the bitcoin protocol.

Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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March 02, 2014, 05:42:07 AM
 #71

The reality seems to be that this man's life is over, he will probably have to go into some kind of protected custody for his safety.

No one has hurt Trendon Shavers, no one has hurt Zhou Tong, no one has hurt James McCarthy. (Just to name some.)
Why should it be different this time?
Indeed, the fantasies of keyboard warriors. Karpeles even did this before with an alleged theft of 500K and the world taught him that it was no big deal by continuing to send him money.
TheFootMan
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March 04, 2014, 07:51:08 PM
 #72

The reality seems to be that this man's life is over, he will probably have to go into some kind of protected custody for his safety.

No one has hurt Trendon Shavers, no one has hurt Zhou Tong, no one has hurt James McCarthy. (Just to name some.)
Why should it be different this time?
Indeed, the fantasies of keyboard warriors. Karpeles even did this before with an alleged theft of 500K and the world taught him that it was no big deal by continuing to send him money.

It need not be different this time. But the more enemies you create, the larger is the chance that there will be something happening to you.
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