Mt Gox CEO Mark Karpeles Implicated in Silk Road Trial

[redsn0w]

"The trial of alleged Silk Road ringleader Ross Ulbricht took a surprising twist today when a witness from the US Department of Homeland Security (DHS) apparently claimed that Mark Karpeles, former CEO of the embattled bitcoin exchange Mt Gox, was once suspected to be the black market's mastermind, Dread Pirate Roberts."

Source: http://www.coindesk.com/mt-gox-ceo-mark-karpeles-implicated-silk-road-trial/

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What do you think guys ?

[statoshi]

I don't know; how many times did Silk Road crash?

[Flashman]

Well they lost coins didn't they?

[newIndia]

LoLz... DPR did not loose any coin.

[calme]

So the head of the largest Bitcoin exchange in history--which also served as a BTC bank of sorts for more than any other entity in history--was the man behind the largest black market site in history? Well, at least it was associated with Magic: The Gathering. At least that part's not criminal!

[thompete]

"The trial of alleged Silk Road ringleader Ross Ulbricht took a surprising twist today when a witness from the US Department of Homeland Security (DHS) apparently claimed that Mark Karpeles, former CEO of the embattled bitcoin exchange Mt Gox, was once suspected to be the black market's mastermind, Dread Pirate Roberts."

Source: http://www.coindesk.com/mt-gox-ceo-mark-karpeles-implicated-silk-road-trial/

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What do you think guys ?

Was there any proof to the claim, or was it just a claim to get his money back from mtgox ?

[mayax]

So the head of the largest Bitcoin exchange in history--which also served as a BTC bank of sorts for more than any other entity in history--was the man behind the largest black market site in history? Well, at least it was associated with Magic: The Gathering. At least that part's not criminal!

Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.

[thresher]

Give that agent a fucking medal!!!

I would love to see them pin everything on Karpeles, not going to happen, but would be very nice for a lot of people.

On a side note, a friend of mine wrote me a letter saying that he plays magic the gathering in jail, so Karpeles would be a king lol

[RodeoX]

Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.

So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.   

[Madness]

"The trial of alleged Silk Road ringleader Ross Ulbricht took a surprising twist today when a witness from the US Department of Homeland Security (DHS) apparently claimed that Mark Karpeles, former CEO of the embattled bitcoin exchange Mt Gox, was once suspected to be the black market's mastermind, Dread Pirate Roberts."

Source: http://www.coindesk.com/mt-gox-ceo-mark-karpeles-implicated-silk-road-trial/

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What do you think guys ?

And from where they got this smart conclusion ? That witness is just claiming tho ? Or he got at least some proofs

[dserrano5]

And from where they got this smart conclusion ? That witness is just claiming tho ? Or he got at least some proofs

Lotsa proof, he said. http://motherboard.vice.com/read/defense-in-silk-road-trial-says-mt-gox-ceo-was-the-real-dread-pirate-roberts

[SAYNOTOPONZI]

Interesting theory. Dred Pirate Roberts left some clues behind that defines his unique tastes:
1. He had a flair for articulate writing. Even posts regarding updates had a formal style. Whoever it was, they had attractive leadership qualities. He was a hero and never wrote anything slang or youthful. Just like a true CEO or what you'd expect a leader to write. He had grace during the most challenging times in the market's history.

2. Book club. DPR hosted a Solk Road book club and actively participated in it and recommended books to read. It was obvious this club was just to spread his views and generate hype over Libertarianism. His Favorite books were mostly related to politics, economy, Libertarians, history of Libertarian in Europe, etc.

3. He was certainly not young or American.
I recall some British style English. Although, he did write how he changes his writing style to foil writing style algorithms.

4. Crypto crazy. He was a master of encrypyion tools & Bitcoin. Always recommending tools and updates in posts. Signed with his PGP key always.

5. He was a bad coder. His posts regarding PHP code was often criticized by users who were more versed coders. However, he was an excellent writer, very technical on economics. Never did he mention anything about pop culture. Like he was older or isolated.

There's more.

[mayax]

Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.

So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  

Because they are ALL outlaw. they are not MSB as it is required.

I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.

According to the FINCEN:

" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."

It's just a matter of time until all the so called exchangers will be closed.

SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.

Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?

What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !

[flipstyle]

Good.  Hopefully they throw the books at him.  How he's a free man still investing up til now escapes me.

But just like OJ simpson, you can commit murder once and get away with it, but you'll eventually eff' up again and reap what you sew.

[DeathAndTaxes]

Because they are ALL outlaw. they are not MSB as it is required.

Of course they are.  The information is public record so it should be easy to disprove
http://www.fincen.gov/financial_institutions/msb/msbstateselector.html

[drkman]

Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.

So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  

Because they are ALL outlaw. they are not MSB as it is required.
I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.
According to the FINCEN:
" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
It's just a matter of time until all the so called exchangers will be closed.
SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.
Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?
What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !

Coinbase follows KYC rules of being a money transmitter whether it applies to them or not.  Bitinstant made the mistake of linking to silkroad.  You ask whats the difference?  Evidently alot which includes a court case and jail time.

[ChuckBuck]

Wow this is some crazy news headline right here!

Just when you think you know every angle of the story, they hit you with the plot twist.

http://www.wired.com/2015/01/dhs-believed-mt-gox-ceo-might-silk-roads-secret-mastermind/

The moral of the story.  Never trust a French man, they're all coward shady dishonorable scumbags!

MagicalTux = Dread Pirate Roberts

[mayax]

Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.

So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  

Because they are ALL outlaw. they are not MSB as it is required.
I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.
According to the FINCEN:
" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
It's just a matter of time until all the so called exchangers will be closed.
SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.
Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?
What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !

Coinbase follows KYC rules of being a money transmitter whether it applies to them or not.  Bitinstant made the mistake of linking to silkroad.  You ask whats the difference?  Evidently alot which includes a court case and jail time.

Being licensed means that you, as company is supervised by a gov authority. You have to respect MANY aspects as being financial institution.

 You can have as many KYC rules you want. If you are NOT licensed as MSB, you  will be arrested sooner or later.

There XXXX examples of people who received jail sentence for Unlicensed Money Transmitters.

BUT being MSB, you cannot deal with anonymous systems/transactions like Bitcoin. This is the law.

Remember, Bitinstant owner, Bitcoin Foundation's member (Charlie Shrem ) was arrested and HE pleads guilty to operating unlicensed money transmitting business. He will be in jail for 2 years.

How is Coinbase, Kraken or Bitstamp different than Bitinstant? There are NOT so they are facing the same faith.

[Walsoraj]

http://www.reddit.com/r/Bitcoin/comments/2skgcr/i_was_at_the_ross_ulbricht_silk_road_trial_day_3/

This redditor claims to have been at the trial today and is answering questions.

quodestlicitum
 
The truth is I have no idea. But for purposes of the trial, whether I believe it is actually Mark Karpeles or not, isn't relevant. The defense is doing an excellent job of introducing reasonable doubt.

Keep in mind, the defense didn't mention Mark Karpeles in their opening statement. Dratel was able to get all this information out of the government's own witness on cross-examination. The government's own witness thought Karpeles was the invisible hand behind silk road, and that ashley barr was dpr.

Dratel asked Agent DerYaghiayan about information they had subpoenaed from Dwolla, and whether Ulbricht and Karpeles had moved money. Ulbricht had moved a few thousand dollars over 2 years. On the other hand, there was a firehose of money coming from Mt. Gox through Dwolla. Mutem Sigellum (Karepeles' holding company) had a transaction list 1000 pages long.

[tokeweed]

Most of the big exchangers are the same. That's why they will be closed. The ones from USA like BitPay and Coinbase very soon.

So do you know Tony? He's a great guy and a savvy businessman. And have you been out to SF to see Coinbase. Great location huh?
Now why would these successful companies close? They have tens of thousands of happy customers.  

Because they are ALL outlaw. they are not MSB as it is required.
I mean, other "stupids" must be registered as MSB by paying bonds, taxes, audits, waiting for months to get the license and some "smart and great guys" like this "Tony", NOT.
According to the FINCEN:
" a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency."
It's just a matter of time until all the so called exchangers will be closed.
SilkRoad had thousands of happy customers too. Does it matter? They are behind the bars now.
Do you remember Bitinstant? Bitinstant owner (Charlie Shrem ) pleads guilty to operating unlicensed money transmitting business. Do you want more examples?
What is the difference between BitInstant and Coinbase, Bitpay, Kraken? NONE !

Coinbase follows KYC rules of being a money transmitter whether it applies to them or not.  Bitinstant made the mistake of linking to silkroad.  You ask whats the difference?  Evidently alot which includes a court case and jail time.

Being licensed means that you, as company is supervised by a gov authority. You have to respect MANY aspects as being financial institution.

 You can have as many KYC rules you want. If you are NOT licensed as MSB, you  will be arrested sooner or later.

There XXXX examples of people who received jail sentence for Unlicensed Money Transmitters.

BUT being MSB, you cannot deal with anonymous systems/transactions like Bitcoin. This is the law.

Remember, Bitinstant owner, Bitcoin Foundation's member (Charlie Shrem ) was arrested and HE pleads guilty to operating unlicensed money transmitting business. He will be in jail for 2 years.

How is Coinbase, Kraken or Bitstamp different than Bitinstant? There are NOT so they are facing the same faith.

i think what we need is a true decentralized exchange all dealing with a decentralized, pegged bit.USD (or any fiat) implementation. something that the govt. would need to shut the internet down to stop its services.

save us cody wilson, amir taaki, peter todd.