Mark Karpeles new central bank: Who's in?

[Spendulus]

"The cryptocurrency could also benefit from a kind of central bank established by merchants accepting Bitcoin, he said, that would act as a clearing house for transactions and implement secure storage of coins. Karpeles is also trying to draft a best practices document for Bitcoin security that he said he would share with anyone willing to consider his ideas."

http://www.pcworld.com/article/2846252/despite-mt-gox-fiasco-karpeles-still-has-bitcoin-plans.html

"Bitcoin exchanges should have 24-hour operation centers manned by guards and accessed only through hardware tokens, and with staff who have undergone extensive background checks, he said."

Comments he stated all while wearing a shirt that said :
“I don’t always test my code,” it reads, “but when I do, I do it in production.”




The fucking nerve! I don't know whether he is just a complete idiot or one of the biggest douches in recent memory.

Bitcoin's raison d'etre is to remove the added counterparty risk from central banks and regulators. Stop trading your private keys for IOU tokens.

Dumbest shit I've seen in months.

Thanks for posting this.

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[vm_mpn]

LOL... I don't see why not... He would be really good @ it: http://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/

[arklan]

this guy reminds me greatly my my future brother-in-law... utterly incompetent and seemingly incapable of doing anything useful.

mark sure does act the game though.

[Daanie]

Definitely not me.  . His reputation got wrecked and is unrepairable

[cryptopaddles]

Too fat to fail!!

[oblivi]

Oh boy. I can't wait for the flood of posts where people complain that they've lost money thanks to the endeavors of this dude.

Well it should be in the tens of thousands to be conservative. Gox ended up loosing over 200,000 bitcoin

I still don't understand why people left their money with this prick in the first place though I would argue it's partly the mainstream news outlets that are to blame for pointing towards MTGOX as the 'largest' volume exchange all the time.

I remember all the jokes in 4chan making fun of the exchange and Karpeles saying he was an autistic kid that should stick to trading MTG cards, MtGoy and so on... lol. It was so clear things would not end well.

[12345mm]

Good God ... this guy cooks the books on his fraudulent exchange to the tune of a billion fucking dollars hyper ponzi style with fake accounts and fake dollars and robs the fucking planet of 650,000 btc out of the current supply of 13,000,000 some odd ... yes thats right folks this thieving asshole actually now owns roughly 5% of the global btc supply ... something bitcoin may never recover from ... and he actually has the flat out stupidity and arrogance to be in the public eye at all ? ... what in the actual fuck is going on here ? ... if I ever saw this motherfucker in the real world I wouldn't bother cursing at him kicking him in the sack or calling the cops I'd just pull out my piece and shoot him in his fat ugly fuck face and do the world a favor ! ! !

[Eric Mu]

Seems that this guy and me have some common ground: http://www.forbes.com/sites/ericxlmu/2014/08/24/why-there-should-be-a-bitcoin-central-bank/