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Author Topic: Peter R Rizun's theory on the collapse of MtGox and its effect on the price of bitcoin  (Read 76926 times)
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hobbes
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March 18, 2014, 10:51:39 AM
 #101

Interesting theory, but it doesn't jive with all the facts. The rallies correlate very well with Google search activity. If one man or bot was driving these rallies then you would not see the search activity behave in Google the way it has during the rallies. Also without the support of the bot, the market would have severely crashed and stayed down after Mt Gox closed.
Good points.

Why should the bot / THK not simply belong to the part of Gox that binds the exchange to their merchant tools? This would be a simple explanation.

I can't believe Karpeles would leave everybody in the dark for so long, effectively taking any option of finding the hacker via the blockchain from the customers.

Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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March 21, 2014, 03:24:55 AM
 #102

http://www.bitcoinx.com/report-mt-gox-claims-found-200k-lost-bitcoin/
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May 25, 2014, 11:08:34 PM
 #103

The Reddit version of this thread is cited in the Willy Report (http://willyreport.wordpress.com) so I thought I'd bump it.  Looks like we have more evidence that Willy was real.  

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February 06, 2015, 01:44:05 AM
 #104

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Shrem also shared his thoughts on what he think really happened at Mt. Gox before it filed for bankruptcy. He explained, “I think he lost those coins early on. Like many years ago in the first hack.” In other words, Shrem believes Karpeles was running a fractional reserve bitcoin exchange for quite some time.

http://insidebitcoins.com/news/while-mt-gox-was-burning-karpeles-was-heading-home-for-the-weekend/29106
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February 06, 2015, 01:49:02 AM
 #105

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Shrem also shared his thoughts on what he think really happened at Mt. Gox before it filed for bankruptcy. He explained, “I think he lost those coins early on. Like many years ago in the first hack.” In other words, Shrem believes Karpeles was running a fractional reserve bitcoin exchange for quite some time.

http://insidebitcoins.com/news/while-mt-gox-was-burning-karpeles-was-heading-home-for-the-weekend/29106


IMO, Mark is a patsy and when he dies of a "heart attack" we will never really know which spooky agency got away with a huge number of BTC.

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February 06, 2015, 02:03:25 AM
 #106

I actually think there is also a possibly that those stolen coins were sold and the fiat profit were used to bid up the price and that the process was rinse and repeat until the energy was all used up.

In essence we have all benefited from that loss, and now we are paying the price.

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February 07, 2015, 11:11:53 AM
 #107

IMO, Mark is a patsy and when he dies of a "heart attack" we will never really know which spooky agency got away with a huge number of BTC.

That might be Mark's little secret.
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March 09, 2015, 03:08:39 PM
 #108

Put a stamp on it  Cheesy

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March 09, 2015, 05:11:41 PM
 #109

I just read the theory on the collapse. Seems an interesting one. Just has me wondering, why something like this came out after almost 2 years after the hack .
And looking at the blockchain, wouldn't it be possible to trace the coins ?
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April 19, 2015, 10:08:41 AM
 #110

maybe, but are you doing the work?
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April 19, 2015, 03:30:57 PM
 #111

A new WizSec article - http://blog.wizsec.jp/2015/04/the-missing-mtgox-bitcoins.html
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April 19, 2015, 04:00:32 PM
 #112


Intresting read, but doesn't really tell us much more... It would help if they could find that data gap.

At least know we are starting to get the full picture: a mix of lack of security, fear, and not really knowing what to do with so many Bitcoins on one's control.
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January 16, 2018, 06:10:34 PM
 #113

http://weis2017.econinfosec.org/wp-content/uploads/sites/3/2017/05/WEIS_2017_paper_21.pdf

Here's an article, titled "Price Manipulation in the Bitcoin Ecosystem" that is inspired by this post and others like it.

It digs into the nitty gritty of willy.

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January 16, 2018, 06:11:29 PM
 #114

such necro

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January 17, 2018, 02:29:44 AM
 #115

such necro

indeed, but topical as well with the recent release of chat logs between Mark and (former Ripple) Jed McCaleb in court discovery

https://courts.ms.gov/newsite2/appellatecourts/docket/sendPDF.php?f=dc00001_live.SCT.17.M.1681.102741.5.pdf&c=87490&a=N&s=2

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
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January 17, 2018, 02:59:18 AM
 #116

such necro

indeed, but topical as well with the recent release of chat logs between Mark and (former Ripple) Jed McCaleb in court discovery

https://courts.ms.gov/newsite2/appellatecourts/docket/sendPDF.php?f=dc00001_live.SCT.17.M.1681.102741.5.pdf&c=87490&a=N&s=2

what???  Huh

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January 17, 2018, 03:43:19 AM
 #117


what???  Huh

https://courts.ms.gov/newsite2/index.php?cn=87490#dispArea

read 'em and weep

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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