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Author Topic: Glenn Greenwald on how reps are destroyed - Mt. Gox?  (Read 1504 times)
DrApricot
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August 21, 2014, 07:14:06 AM
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According to Greenwald, Snowden revealed:
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agencies are attempting to control, infiltrate, manipulate, and warp online discourse, and in doing so, are compromising the integrity of the internet itself.
https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/
Any chance the Mt. Gox collapse, or at least the news coverage that followed, was a psy-op to damage bitcoin?
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August 25, 2014, 04:26:57 AM
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Any chance the Mt. Gox collapse, or at least the news coverage that followed, was a psy-op to damage bitcoin?
No, Karpeles was enough of an ass to do it all by himself.

The US Government doesn't seem to care about Bitcoin one way or the other. At the Senate hearing last December, no Federal agency called for new legislation.

China and Russia, on the other hand, are very anti-Bitcoin.

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August 25, 2014, 07:10:30 AM
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Any chance the Mt. Gox collapse, or at least the news coverage that followed, was a psy-op to damage bitcoin?
No, Karpeles was enough of an ass to do it all by himself.

The US Government doesn't seem to care about Bitcoin one way or the other. At the Senate hearing last December, no Federal agency called for new legislation.

China and Russia, on the other hand, are very anti-Bitcoin.


Despite any Snowden revelations implying a likelihood to the contrary, I really doubt the USG would ever countenance doing something like that unless perhaps it had somehow been manipulated into doing so.

Seemingly though, there was a well coordinated media FUD campaign broadcast immediately after the closure pronouncing the imminent demise of bitcoin. At the time, this all seemed so ridiculously retarded to me that I've often wondered whether someone had financed a negative PR campaign merely to tar bitcoin with the Mt. Gox imbroglio. If so, it worked brilliantly!
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August 25, 2014, 07:45:47 AM
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According to Greenwald, Snowden revealed:
Quote
agencies are attempting to control, infiltrate, manipulate, and warp online discourse, and in doing so, are compromising the integrity of the internet itself.
https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/
Any chance the Mt. Gox collapse, or at least the news coverage that followed, was a psy-op to damage bitcoin?


Gox always did seem to try so hard to manipulate the price, remember the lag on the run to $266 and the "market cool down" on the drop to $50.  Then we have no cashouts < how is that possible for a huge successful business not to move banking?  Then all the BS with LTC.

Nothing would surprise me with gox, "finding" the remaining missing coins or mafia running the show still possible imo.
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August 25, 2014, 10:50:34 AM
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According to Greenwald, Snowden revealed:
Quote
agencies are attempting to control, infiltrate, manipulate, and warp online discourse, and in doing so, are compromising the integrity of the internet itself.
https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/
Any chance the Mt. Gox collapse, or at least the news coverage that followed, was a psy-op to damage bitcoin?


Gox always did seem to try so hard to manipulate the price, remember the lag on the run to $266 and the "market cool down" on the drop to $50.  Then we have no cashouts < how is that possible for a huge successful business not to move banking?  Then all the BS with LTC.

Nothing would surprise me with gox, "finding" the remaining missing coins or mafia running the show still possible imo.
According to a Wall Street Journal interview with Mark Karpeles that appeared last month, he stated that "he doesn't believe more [coins] will be found.". Yet according to a recent interview with Nan Xiaoning, CEO of BitOcean, by The Coinsman 240,000 bitcoins have now been recovered. That seems to be a slightly higher number than what I earlier heard was found in the "old-format wallet".

He also says, "Karpeles seems to want to revive MTGox himself," although Nan Xiaoning heavily discounted the likelihood that could ever work. His own company is bidding on Mt. Gox's assets. However,  should it turn out that all along the remaining bitcoins that disappeared have merely only been "temporarily unavailable", it would indeed become an interesting scenario. See:
http://www.thecoinsman.com/2014/08/interviews/interviewed-bitocean-ceo-nan-xiaoning/
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