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Author Topic: [2014-03-23] Goxxed again: The new mystery of MTGOX bankruptcy  (Read 2538 times)
LiteCoinGuy
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March 23, 2014, 01:22:44 PM
 #1

The new mystery of MTGOX bankruptcy

http://toyokeizai.net/articles/-/33526



 Shocked  Wink

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March 23, 2014, 01:26:34 PM
 #2

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.
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March 23, 2014, 02:35:42 PM
 #3

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.
I agree
+1
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March 23, 2014, 04:51:16 PM
 #4

Scammers are nothing new in the Bitcoin community, a case of scam/fraud of this scale is bound to affect the price one way or another, you can expect any other companies committing large scale fraud like this to affect the price of Bitcoin in a similar way because this is a free market.
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March 23, 2014, 05:32:05 PM
 #5

Mt.Gox died, and that's all. How much can we talk about it again?
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March 23, 2014, 05:59:41 PM
 #6

Mark shouldn't be let near anything that handles Bitcoin ever again.

Frankly, I'm surprised someone hasn't hunted him down and beat his private keys out of him.

fortitudinem multis - catenum regit omnia
segeln
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March 23, 2014, 06:08:17 PM
 #7

Mark shouldn't be let near anything that handles Bitcoin ever again.

Frankly, I'm surprised someone hasn't hunted him down and beat his private keys out of him.
I am surprised too
It will end bad for him ,I fear
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March 23, 2014, 11:08:11 PM
 #8

Conspiracy theory hour, huh?

1. Someone at Gox stole all or most of the BTC on the exchange and was pretty sloppy with it.
2. Mt. gox had some very, very bad practices and misplaced the private keys to at least 200,000 BTC, only to recently find them. Maybe they dug a USB stick out of a sofa?
3. Law enforcement confiscated Gox's Bitcoins, or equipment the keys were held on in the process of some investigation, with a gag order to boot. Maybe related to Silk Road, maybe something else. IIRC, Karpeles hinted at some kind of big hassles with authorities he couldn't speak of.

What did I leave out?

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March 24, 2014, 01:14:46 AM
 #9

The gift that keeps on giving or rather the coins that were not meant to be found
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March 24, 2014, 05:27:50 AM
 #10

To the people claiming that the negative impact from the gox bankruptcy is over, I'd like to know upon what you are basing that statement on? There are still many unanswered questions and unaccounted coins that may or may not be dumped, as well as potential investors who may stay away from bitcoin now and current investors who want to get out. And let's not forget that more people have lost faith in all of the current exchanges.

You may be right that the worst had already passed, but I guess we'll know in a few months time.

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March 24, 2014, 05:32:04 AM
 #11

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.
I agree
+1

Offensive self delusions can get you banned Grin
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March 24, 2014, 10:29:10 AM
 #12

nobody "loses" 116 million worth of bitcoin and then randomly refinds them. He was planning to steal them and when people were digging deep he realized he wouldnt be able to get away with stealing them slowly over time.


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March 24, 2014, 05:34:57 PM
 #13

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.

No, people need to learn from the mistakes made regarding MtGox.

The major impact is over, and as time goes on, the impact Gox can have on the exchange rate dwindles to nothing.

The Bitcoin exchange rate is hardly hurting... it's correcting from an extremely steep increase. This should be expected.

+1

What happened with Gox has actually stabilised my noobishly optimistic view of the Bitcoin ecosphere. Reflecting on Gox is also forcing other exchanges to pull their socks up quickly.

And by all logic the long-term charts show that the exchange rate was going to get to this point whatever. What was interesting was seeing the wide difference between the exchange rate for Bitcoin on the one hand, and the exchange rate for Gox stocks and shares on the other, in February. A good display of resilience from Bitcoin.

                                                                               
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March 25, 2014, 11:11:19 PM
 #14

Mark shouldn't be let near anything that handles Bitcoin ever again.

Frankly, I'm surprised someone hasn't hunted him down and beat his private keys out of him.

there is still time for that  Grin

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March 26, 2014, 12:30:57 AM
 #15

nobody "loses" 116 million worth of bitcoin and then randomly refinds them. He was planning to steal them and when people were digging deep he realized he wouldnt be able to get away with stealing them slowly over time.

If the above is true, then he seemingly has control over the other ~600,000 BTC.
Doesn't that make sense?

FYI: We are <snip>
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March 26, 2014, 08:49:29 AM
Last edit: March 26, 2014, 12:18:11 PM by howardb
 #16

nobody "loses" 116 million worth of bitcoin and then randomly refinds them. He was planning to steal them and when people were digging deep he realized he wouldnt be able to get away with stealing them slowly over time.

If the above is true, then he seemingly has control over the other ~600,000 BTC.
Doesn't that make sense?
No it doesn't. The current conspiracy theorists allege that he realised he had a whole bunch stolen due to his own incompetance, and realised the company would not survive so decided to take the rest himself and blame it all on the original theft. Astute lawyers on the Canadian class action traced what appeared to be a large part of the money being washed through thousands of wallets, this may have caused him to realise he was not going to get away with it, hence the "oh look, i've just found 116 million in this account we thought was empty"!! yeah rightttttt...
LiteCoinGuy
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March 26, 2014, 01:26:02 PM
 #17

nobody "loses" 116 million worth of bitcoin and then randomly refinds them. He was planning to steal them and when people were digging deep he realized he wouldnt be able to get away with stealing them slowly over time.

If the above is true, then he seemingly has control over the other ~600,000 BTC.
Doesn't that make sense?

yep, i guess he still owns them:

http://www.coindesk.com/today-gox-police-case-coin-rumors/


goxxxed again  Tongue

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March 26, 2014, 02:43:03 PM
 #18

Please, let's just pretend that Mt.Gox never existed. This constant mention of Mt.Gox keeps hurting bitcoin price. Mt.Gox died, and that's for the better of bitcoin, let's not talk about it again, ever. Thank you.

Totally agree! Let's forget about MtGox except not to forget the lessons we've learnt
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