MTGOX whistleblower...the plot thickens.

[TPN]

I'm tripping everyday going by.

[Nicholas-Carraway]

The problem with TBI's stance is that he's threatening to publish the information unless Vessenes and Matonis step down, which implies that he won't publish it if they do.  

That's not bringing transparency to the activities of the Foundation.  If he has evidence of wrong-doing, then he should publish it whether or not Vessenes and Matonis step down.  If he doesn't, then he becomes complicit in the "cover up" he alleges is occurring.

He's rapidly becoming the kind of media whore he yesterday accused Leah McGrath Goodman of being.  Unless he's willing to publish and be damned regardless of whether or not Vessenes and Matonis step down, then he's not a crusader for truth at all - he's just another egomaniac seeking validation.

I agree completely.  His approach does raise questions about his motivations.  If he really just wants the resignations, why not just publish it and expect the resignations to come, as they should, after the information is released and if it is true. 

His last major revelation (the MtGox “Crisis Strategy Draft"), was given to him like a gift by some insider who is "well connected in the industry", and it definitely had an impact on the market.  Why did the insider give the draft crisis document to a blogger in the first place?   This latest revelation MAY have a similar impact on the market too.  Where did TBI get this info about corruption at the foundation?

Perhaps a market impact was always the intention. And his latest blog is constructed to provide maximum Drama. 

According to Ryan Selkis (TBI)'s LinkedIn page: He is "the Founder of Inscrypto, Bitcoin's decentralized, privately funded version of the FDIC. We reduce volatility for consumers while helping hedge funds invest in bitcoin."

Not saying that Vessenes and Matonis are innocent, but it just makes you wonder what's really behind all the style.

[repentance]

I agree completely.  His approach does raise questions about his motivations.  If he really just wants the resignations, why not just publish it and expect the resignations to come, as they should, after the information is released and if it is true.

 

I think his original motives were probably fine.  I just think that he's come to believe in the "persona" of TBI too much now and that it's clouding his judgement.

A couple of weeks ago, he was just another blogger with opinions on Bitcoin stuff.  He got handed some pretty explosive information and now he thinks he's Bob Woodward or Carl Bernstein.  He's making himself the story by adopting this "fearless crusader for Bitcoin truth" persona and I guess he's kind of intoxicated by all the kudos he got for the MtGox Crisis Draft story.  All of a sudden he feels very important in the Bitcoin space and it's clouding his judgement.

[darkmule]

What a whistleblower does is blow a whistle, that is, tell the truth about something.

Not try to make a deal in exchange for his silence that basically amounts to "Do what I say or else."  That's what a blackmailer does.

[bananas]

bitcoin is in need of serious cleaning, a new start. seriously.

[Kenshin]

Everyday more interesting news related to Bitcoin pops out. I wonder what other shocking news will there be tomorrow.  

[Beliathon]

corruption like any other

Yep. Just cause it's bitcoin it's a huge deal, but if this was some typical FIAT banksters that did it, everyone would just shrug and bail them out.

[tayfun73]

Never trust a third party. Let's just put all of our coins into cold storage and call it a day huh?

[Phinnaeus Gage]

Everyday more interesting news related to Bitcoin pops out. I wonder what other shocking news will there be tomorrow.  

Genjix announces that he's having another closet sale, and I'll formally announce that I'm Rassah's mother.

[justusranvier]

The Forum was also complicit in the MTGOX mess. The MODS would shit-can any negative post or question regarding the solvency of MTGOX.  Hope the those specific MODS lost everything on GOX.

I don't recall this, I was warning people about Gox for years (as were many others) and I don't recall having any posts deleted.

The forum was not complicit. The mods moved threads to the appropriate location. A lot of people seem to get mad when threads get moved to the appropriate location. Apparently if it isn't under "Bitcoin Discussion" it doesn't exist for them and they forget about it.

I personally think the mods are too lax.

Hint: Pangia is one of many trolls whose purpose here is to disrupt the forum.

The only unknown is whether he just does it for kicks, or is a paid professional.

[darkmule]

corruption like any other

Yep. Just cause it's bitcoin it's a huge deal, but if this was some typical FIAT banksters that did it, everyone would just shrug and bail them out.

Nuke a niche currency that (at least currently) has little effect on the economy outside that niche, and because the banksters hate it, the media they own have a field day.

Nuke the entire economy of the world?  Here, have some free money from the taxpayers so you can double your bonuses this year.

[gollum]

I feel like I'm watching a movie everyday.

This is more exciting than most thrillers

[Bit_Happy]

Edit: I hadn't read the thread carefully enough. The comments here are more balanced than i first thought.

• Whistleblower Threatens to Expose Corruption at Bitcoin Foundation is "reporting" on a post by "The Two-Bit Idiot"
  Read the comments at Reddit (compared to here/this thread), and prepare to be surprised.

[Bit_Happy]

The Forum was also complicit in the MTGOX mess. The MODS would shit-can any negative post or question regarding the solvency of MTGOX.  Hope the those specific MODS lost everything on GOX.

I don't recall this, I was warning people about Gox for years (as were many others) and I don't recall having any posts deleted.

The forum was not complicit. The mods moved threads to the appropriate location. A lot of people seem to get mad when threads get moved to the appropriate location. Apparently if it isn't under "Bitcoin Discussion" it doesn't exist for them and they forget about it.

I personally think the mods are too lax.

The forum might be OK, but the Bitcoin Foundation looks really bad right now.

[BTCisthefuture]

if people who want to elect themselves to try to be the face of bitcoin are doing unethical things or comitting fraud or what not ,  it should be released.  it's the bitcoin community self regulating itself.

with that said,  whats with all the dramatics.  just release the documents man, stop trying make a name for yourself and cause added drama and suspense.

[Bit_Happy]

....whats with all the dramatics.  just release the documents man, stop trying make a name for yourself and cause added drama and suspense.

Yep, that is exactly what Reddit was ripping on him for.

bitcoin is in need of serious cleaning, a new start. seriously.

Not just new leaders, but a whole new "foundation".

[darkmule]

A phrase my grandfather used to say comes to mind.  "Shit or get off the pot."

[seriouscoin]

A phrase my grandfather used to say comes to mind.  "Shit or get off the pot."

Did you throw the pot at his face after you're done " here,,, all yours.... bitch!"

[QuestionAuthority]

Let's see if we can get 10 to 15 more MtGox and Satoshi threads going. We're running low on places to post meaningless horseshit about those two subjects.

[Bit_Happy]

Let's see if we can get 10 to 15 more MtGox and Satoshi threads going. We're running low on places to post meaningless horseshit about those two subjects.

Do mods ever combine threads here, it might be a good idea.