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What Did Not Happen At Mt. Gox

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Re: What Did Not Happen At Mt. Gox

#71
How about all the passport + proof of address data, required for registering with Mt.Gox. Where is it stored and has it been stolen / taken by third party? No one seems to ask any questions about this.

Re: What Did Not Happen At Mt. Gox

#72
post #29

By the way have you seen Mark Karpeles public apology in Tokyo? (20 seconds in) http://www.youtube.com/watch?v=15IZtzWOzRU So he is French, educated in Paris and living in Japan since 2009? Speaks French, English and Japanese. Sounds interesting, he's no dummy.

Some non-Japanese speakers are giving him credit for apologizing in Japanese, and Japanese media is also giving him leeway -- only because he's a foreigner. But his Japanese is really pitiful, and the apology is a farce.

The point of this kind of apology is to tell people you are sorry and you have caused trouble to other people, and you are repenting for this trouble. There is no such feeling in this act of Karpeles.

Moushi-wake-arimasen is a phrase used to mean "there is no excuse [for what I have commited]". He was unable to finish it, and half way through he goes, nan-dakke? Meaning "what was it?". If Mark is really trying to do it Japanese style, he would not have messed up like this. Some people say he is under stress. I don't think that gives a free pass for such a shameful performance.

It's like a foreigner going to US court and thinking, I should act American, so starts by saying "Yo dude, my bad."

Re: What Did Not Happen At Mt. Gox

#74

Earlier quoted context omitted.

Agreed. It's known that Mt. Gox was auto-retrying sends after the txids didn't match. FWIW, I submitted the 'what most likely happened' post last night: https://news.ycombinator.com/item?id=7328219 . It's a bit shorter and seems less speculative.

Can you link to evidence they auto-retried? Last I'd seen it required contacting their customer service for a manual re-send.

I've read it several places, but don't know the exact source of the information. It's mentioned in this article on the Guardian: http://www.theguardian.com/technology/2014/feb/27/how-does-a...

Re: What Did Not Happen At Mt. Gox

#75
post #18
post #8

Earlier quoted context omitted.

It's funny how you took that last line completely out of context, the author was clearly tongue-in-cheek with that statement, here is the what comes immediately after that sentence: > The community does not take itself seriously. Most importantly, no one pretends that Doge is an investment vehicle, a slayer of Wall Street, or the next Segway. No one would be stupid enough to store their life savings in Dogecoins.

Eh, I hear that a lot but it's fairly far from the reality. It's a two faced presentation from that community, when the price of dogecoin goes up they get behind "doge to the moon", if the price goes down it's "all for fun". To pay for the amount of mining that is going on in altcoins, people must be treating it as an investment vehicle, otherwise miners wouldn't be pulling upwards of 400BTC[0] a day out of the retch…

> when the price of dogecoin goes up they get behind "doge to the moon"

I don't see how this is incompatible with it being "all for fun." People cheer for sports teams they've bet on, and that's "all for fun." They're not investing in it in a way you'd invest in stocks and bonds; they're just gambling in the same way you'd do at a casino.

Re: What Did Not Happen At Mt. Gox

#76
post #37

Earlier quoted context omitted.

http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s... Here are some of my "favorite"(anger inducing) comments: ▻ Poor student, all he had... http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s... ▻ Son's college fund wiped out... http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s... ▻ Used many credit cards... http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s... ▻ Holding coins…

>But none of them beat this one by a Reddit admin from awhile back: Are you saying Nathanspups is a reddit admin?

I think I'm actually wrong about that. I could have sworn I saw an "[A]" next to his name somewhere.

Re: What Did Not Happen At Mt. Gox

#77
If the CEO of MtGox Mark Karpeles is under gag order and he is on IRC, couldn't people confirm this by asking him while he is actively discussing some other topic on the channel, to publicly deny that he is under some sort of gag order. If he continues discussing other topics, without denying the gag order, it is an easy way for him to passively communicate that he is under such order without actually breaking the order.

Re: What Did Not Happen At Mt. Gox

#78
post #37

Earlier quoted context omitted.

Where are all these horror stories?

http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s... Here are some of my "favorite"(anger inducing) comments: ▻ Poor student, all he had... http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s... ▻ Son's college fund wiped out... http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s... ▻ Used many credit cards... http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s... ▻ Holding coins…

the real horrifying part is not that they lost their money but that they invested it.

Re: What Did Not Happen At Mt. Gox

#79
post #29

By the way have you seen Mark Karpeles public apology in Tokyo? (20 seconds in) http://www.youtube.com/watch?v=15IZtzWOzRU So he is French, educated in Paris and living in Japan since 2009? Speaks French, English and Japanese. Sounds interesting, he's no dummy.

I can't speak for his French (or English) proficiency, but I wouldn't go so far as to say that he "speaks Japanese."

He may know enough Japanese to get along in daily life -- many people I know who have lived here for a number of years develop some level of listening proficiency regardless of whether they can speak it -- but the Japanese he uses in the video does not convince me that he can "speak Japanese" in either the normal usage of the phrase (proficiency in the language) or the cultural usage of the phrase (understanding register and when and how to say things).

This should be a perfect, well-rehearsed apology. There's really no excuse for the level of Japanese he demonstrates in there. At the least, he should have written something, had a native check it, and then practiced saying it. He should also have gotten a suit/shirt that fit properly.

I know this comes across as sounding very superficial and nitpicky, but image means a lot here, especially in business situations, and especially with these formal apologies.

I don't know about his motives or feelings, but when I watch that video, it comes across as very half-assed, as if he doesn't really care and someone is making him do it. It's very unprofessional and culturally deaf; I would not use it as evidence that "he's no dummy."

Re: What Did Not Happen At Mt. Gox

#80
We are talking about a half a billion dollar heist here. That's a lot of money - probably in the top 10 of biggest robberies ever committed.

You wouldn't have be a super hacker to pull it off. Some hidden cameras, USB key loggers and some microphones in the office could probably have gotten you a lot closer to that money.

And if you then could lure MtGox into emptying their hot wallet with the tx mal problem, then even better, but that was probably not even necessary.

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