The whole "hack" was very weird. Until today nobody knows what really happened. I wouldn't be surprised if the CIA or any other intelligence apparatus ransacked the place, enforced a few gag orders and stole all the bitcoins.
Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
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Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#12Earlier quoted context omitted.
That is very laudable, but I'm not sure if prostitutes are ever going to qualify for a business expense
They might if buying them for one's potential clients instead of for oneself?
From what my buddies in finance tell me, these things are expensed as dinners.
Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#13The whole "hack" was very weird. Until today nobody knows what really happened. I wouldn't be surprised if the CIA or any other intelligence apparatus ransacked the place, enforced a few gag orders and stole all the bitcoins.
One of the more mysterious things to come out of the Silk Road trial was that apparently Ross Ulbricht's account on Mtgox was 'hacked' and all the money stolen: https://www.reddit.com/r/DarkNetMarkets/comments/2tgymg/silk... (He seemed to have had an account as part of SR1's hedging system.) Ulbricht, in his journal, thought it was seized by LE. Given the corruption around the case, and the possibility one or more corrupt LE agents are still at large, one wonders.
Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#14The whole "hack" was very weird. Until today nobody knows what really happened. I wouldn't be surprised if the CIA or any other intelligence apparatus ransacked the place, enforced a few gag orders and stole all the bitcoins.
Well, it could be the CIA. It could also be a bunch of terrible quality PHP running a financial service worth $450m.
Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#15anyone reading this should atleast take a look at iota, it's trying to solve blockchain's problem
1) centralized mining 2) the fees 3) scalability as tx increase 4) fat protocol
iota doesn't have any of the above,it doesn't even have/use a blockchain
www.iota.org
Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#16> Bitcoin has suffered hacking incidents including one last year in which a major Hong Kong-based exchange Bitfinex suspended trading after $65 million in the virtual unit was stolen. Quality research. /s This is akin to saying HTTPS was hacked, when YAHOO got hacked.
Or that fiat currency is hacked when someone gets pickpocketed on the street.
Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#17> Bitcoin has suffered hacking incidents including one last year in which a major Hong Kong-based exchange Bitfinex suspended trading after $65 million in the virtual unit was stolen. Quality research. /s This is akin to saying HTTPS was hacked, when YAHOO got hacked.
Or that fiat currency is hacked when someone gets pickpocketed on the street.
I'd say that someone being pickpocketed of $65m would be pretty notable.
Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#18Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#19The collapse of Mt. Gox was probably one of the best things to happen to Bitcoin.
Re: Former Mt. Gox CEO Heads to Trial in Japan Over Missing Bitcoins
#20The collapse of Mt. Gox was probably one of the best things to happen to Bitcoin.
Could you elaborate? I'm really curious as to how!