I agree people or at least someone should be held accountable but if brock buys Mt.gox there is a extreme conflict of interest there without all his other problems he brings to the table aside that is just icing on the cake...your a father would you trust this man alone with your children?I would hope not..GOOD people don't get these types of allegations unless they are doing something wrong to begin with? it always stems from something even lies usually have a shred of truth to them..........So why trust him enough with your money? mark selling to brock ....That's like having your best friend and co-conspiritor reside over your court case as judge and prosecutor and defense attorney especially when he has giving the foundation Money for membership...Who do you think he's going rule in favor of?Having being a member of the foundation and having another foundation member buy is a extreme conflict of interest anyway you slice it if there was any criminal dealings going on and to be found you would want somebody with no ties or connections to mark doing the detective work not the foundation he has giving money too that .
The imagination tends to run rampant when essentially there is zero information being made available about what's going on with Mt. Gox. Your guess could be just as good as mine. I've already said that I don't know whether it was an inside job, or done by outsiders, or both.
My only point was, suppose you were Gordon Gekko and wanted to strip Mt. Gox of its assets. Buy it under the pretext of restructuring the company and returning it to profitability. Ask yourself, "How would I do it?" Here's one scenario that I came up with:
(1) Infiltrate Mt. Gox with my own stooge in order to lay some kind of trap--similar to the way you'd set up a sting operation. Maybe that's what those bots were up to--creating the appearance that there were 650,000 more bitcoins being traded on Mt. Gox than there actually ever were. Someone on the inside could easily have planted them, and then blinded the internal software checks so their operation was never even detected until way too late.
(2) On the books it would appear that there should be 850,000 BTC when in fact there were really only ever 200,000 or a little more. Then I would have my stooge hide the 200K BTC in an old wallet that hadn't been used for a few years.
(3) Cut a deal with an unscrupulous bank to slow down Mt. Gox's deposits while speeding up its withdrawals, thereby creating an artificial cash squeeze. Have the bank call in Mt. Gox's short term credit line when it couldn't keep up with its payments.
(4) At this point, on the books it would appear that Mt. Gox was flat broke, and had lost all of it's depositor's bitcoins.
(5) Then I'd leak out a phoney crisis strategy document to announce Mt. Gox's situation and get everyone else to cut them off too.
(6) The only remedy left at this point is for the company to declare bankruptcy so as to ward off its creditors. Once the declaration is officially made,
(7) then I would "find" the missing bitcoins in the old wallet where they had been earlier hidden, yet it would appear as though 650,000 were still missing.
(8 ) Once Mt. Gox was in bankruptcy, I would then offer to buy it up for some trivial amount with the vague promise of taking care of the depositors and throw them a few percentage of the stock which costs absolutely nothing to offer, and thereby seize complete control of Mt. Gox's assets.
(9) Make a few token payments to those depositors who scream the loudest, and then walk off with the rest amounting to $120 million or more at today's price, and so much the richer.
(10) Mt. Gox finally is now Empty Gox, and there's nothing left but the hollowed shell of the company as it has been completely stripped of its own assets as well as its customer's deposits.
For justice to happen there has to be a system where there is true justice and unfortunately it doesn't exist
just look at the judge in texas he can bang his gavel and say mark must appear all he wants he ain't coming and nobody can make him....We are always led to believe their is justice in our system and that Gov will protect us and save us but if you ever been involved in the court systems? you quickly learn there is no such thing as justice at least in America and pretty sure it's universal.
You're too willing to give up. Someone once said, "The wheels of justice turn slowly, but grind exceedingly fine."
I would say, when it comes to courts, "the squeaky wheel gets the oil."
There is some reasonable basis to believe the government has seized Mt. Gox's coins. Perhaps it is false, but those affected certainly have a right to request the release of their bitcoins, should they be held. The correct legal step is to file a motion with a court to have the coins released on the basis of an "innocent bystander" defence.
In other words, were there some illegal shenanigans going on at Mt. Gox, those people who are depositors generally had no part in the wrong-doing, and are completely innocent. Their bitcoin deposits should be returned to them on that basis.
Were every single depositor to file a motion with a court, this would cause a screeching noise so loud that it would definitely generate some kind of response. At least the U.S. and/or Japanese governments might come out and declare once and for all whether they have the coins. If they do not have them, then it would be much more clear that this was a straight up case of insider theft.
--Very long rant deleted.....BTW, breaks my heart to read.--
This is the realities of the world unfortunately where might makes right and money buys you freedom and there is always groups of people washing each others back that you will never see or hear about this is Universal everywhere this is why justice will most likely never be served judges,lawyers , and governments they are all crooks pretty much sadly and the only justice they obey is the mighty dollar they don't care about right or wrong.
I know you are pretty jaded by your experiences, but there still are good people left in the world. The worst thing is for them all to sit idly by and let an injustice stand. I'm trying to do my small part - hope you do yours too!
Now this doesn't mean 100% this will happen with gox I hope not would love to see that fat fuck go to jail as he was clearly taking peoples money after he new for sure he was 100% insolvent and the damage he did to Bitcoin as a whole that should be criminal enough right there regardless what really happened to the coins ?but since nothing happened as of yet it looks like he's going to get away with the perfect crime Unreal...
Remember, we don't really know what happened there. It could be a total set-up. Also, it's a lie that depositors are "unsecured creditors." They are
depositors and deserve to be treated with all due deference.
Please don't leave it all up to someone else to take action. Every small thing you do counts. It takes a lot of pushing to get a snow ball rolled up to the top of a hill, yet once its there, look out below.
