Earlier quoted context omitted.
When's the book coming out?
Will it be before or after Netflix/Prime/HBO+ releases a documentary or 'based on real events' type of show?
Could be even a real feature-film directed by Fincher or Scorsese...
Mt. Gox demise as told by a Bitcoin insider
81–90 of 168 posts
Re: Mt. Gox demise as told by a Bitcoin insider
#82Being directly involved in this I'm not going to comment as of the veracity of the article myself, but rather point to a response of when this was posted on twitter (look at the extra responses for some fact checking): https://twitter.com/wizsecurity/status/1355973512012292096
Mark, the security errors in Mt Gox cost me sums of money that would have completely changed the life of myself and my family. Mostly I have moved on from this, but occasionally I multiply my Mt Gox holdings by the current price of Bitcoin and imagine how life could be. I have never heard you express sorrow for the individuals whose lives you so negatively impacted. I have no idea if you have plans to make amends for…
[deleted]
Re: Mt. Gox demise as told by a Bitcoin insider
#83Being directly involved in this I'm not going to comment as of the veracity of the article myself, but rather point to a response of when this was posted on twitter (look at the extra responses for some fact checking): https://twitter.com/wizsecurity/status/1355973512012292096
Mark, the security errors in Mt Gox cost me sums of money that would have completely changed the life of myself and my family. Mostly I have moved on from this, but occasionally I multiply my Mt Gox holdings by the current price of Bitcoin and imagine how life could be. I have never heard you express sorrow for the individuals whose lives you so negatively impacted. I have no idea if you have plans to make amends for…
This is a very thinly veiled threat.
Re: Mt. Gox demise as told by a Bitcoin insider
#84Earlier quoted context omitted.
Case in point I guess. It is kind of amazing how one of the most important recent technological developments has been written off for more than a decade by the users of this site. Same with TypeScript for a long time as well, and then there was a magical turning point somehow that the entire zerg all of a sudden discovered static typing was actually useful. For one of the best sites for discussing the latest happenin…
Low volatility is a pretty important metric for stores of value. By that metric almost anything other than GME shares is better than cryptocurrency: cash in any hard currency, gold, silver, luxury watches, ...
There are decentralized cryptocurrencies that have achieved low volatility, such as DAI. I don't think it's ever gotten more than a couple percent from its $1 target price since being created. (I assume it almost never gets talked about because there's no profit from investing in it and hyping it to others.)
Re: Mt. Gox demise as told by a Bitcoin insider
#85Being directly involved in this I'm not going to comment as of the veracity of the article myself, but rather point to a response of when this was posted on twitter (look at the extra responses for some fact checking): https://twitter.com/wizsecurity/status/1355973512012292096
Mark, the security errors in Mt Gox cost me sums of money that would have completely changed the life of myself and my family. Mostly I have moved on from this, but occasionally I multiply my Mt Gox holdings by the current price of Bitcoin and imagine how life could be. I have never heard you express sorrow for the individuals whose lives you so negatively impacted. I have no idea if you have plans to make amends for…
I originally started my HN account to ask what I should do when my cofounder screwed me out of $12.8 million I was owed as the result of the sale of our company that he forced me out of and sold without telling me. My username came from that era of my life. I cannot even begin to describe how different my life would be had my cofounder not done this. It is unlikely that I will ever again create something that valuable, and accordingly I have a profound sense of loss over it.
So speaking from personal experience...while your anger is completely justified, you have to let it go, or it will destroy you. It’s just one of those things - a random, traumatic event that instantly and irrevocably changes the trajectory of your life, that you can do nothing about. These are jarring reminders that the world is a cold and unfair place, that the universe is not in fact looking out for us, and that people are not “mostly good” as many of us were raised to believe. But holding grudges, even against people that have inflicted unimaginable trauma on you, only hurts you.
Re: Mt. Gox demise as told by a Bitcoin insider
#86The problem with trying to suggest that Bitcoin is a fundamentally flawed idea is that you will be down voted to oblivion. As a computer science concept it's rather mundane. We know what merkle trees are. It's an extremely wasteful form of computing. Mining is an exercise in wastefulness. Proof-of-work is one of the worst concepts I've ever seen. Ah, Tether.
It's hilarious that this comment is right below https://news.ycombinator.com/item?id=26043119, which is whining about HN being too anti-cryptocurrency, both being similarly downvoted.
Re: Mt. Gox demise as told by a Bitcoin insider
#87Earlier quoted context omitted.
Mark, the security errors in Mt Gox cost me sums of money that would have completely changed the life of myself and my family. Mostly I have moved on from this, but occasionally I multiply my Mt Gox holdings by the current price of Bitcoin and imagine how life could be. I have never heard you express sorrow for the individuals whose lives you so negatively impacted. I have no idea if you have plans to make amends for…
I originally started my HN account to ask what I should do when my cofounder screwed me out of $12.8 million I was owed as the result of the sale of our company that he forced me out of and sold without telling me. My username came from that era of my life. I cannot even begin to describe how different my life would be had my cofounder not done this. It is unlikely that I will ever again create something that valuabl…
Yes you are correct. Thankfully, as mentioned, I have mostly moved on from this. This appears to be his first post on HN, so, I felt compelled to comment to make him aware that his presence in forums, etc can be upsetting to people.
And, while I don't think he should necessarily retreat from forums... I just hope that he is conscious of how his presence and words may affect people.
Re: Mt. Gox demise as told by a Bitcoin insider
#88There's also this entertaining presentation from an outside researcher (tracing down the missing money) from 3 years ago (I don't know what's up with the framerate, but really, it's worth watching): https://www.youtube.com/watch?v=l70iRcSxqzo It's quite a rollercoaster of failures.
The outside researcher, Kim Nilsson, wrote a recent summary[1] in response to articles attempting to whitewash CoinLab's involvement in the case.
[1] https://blog.wizsec.jp/2021/01/earlier-mtgox-payouts-coinlab...
Re: Mt. Gox demise as told by a Bitcoin insider
#89Earlier quoted context omitted.
Low volatility is a pretty important metric for stores of value. By that metric almost anything other than GME shares is better than cryptocurrency: cash in any hard currency, gold, silver, luxury watches, ...
I guess remind me in 10 years and we'll see how returns on crypto compares to 'stocks, hard currency, gold, silver, luxury watches' Funny how all of those things are not supply constrained, so they seem to be at a disadvantage from the start. But we'll see.
I think you misunderstand a store of value. Extremely volatility is not a positive characteristic.
Would you want to be paid in a currency that regularly changes value 5-10% day to day?
Re: Mt. Gox demise as told by a Bitcoin insider
#90Earlier quoted context omitted.
Mark, the security errors in Mt Gox cost me sums of money that would have completely changed the life of myself and my family. Mostly I have moved on from this, but occasionally I multiply my Mt Gox holdings by the current price of Bitcoin and imagine how life could be. I have never heard you express sorrow for the individuals whose lives you so negatively impacted. I have no idea if you have plans to make amends for…
I originally started my HN account to ask what I should do when my cofounder screwed me out of $12.8 million I was owed as the result of the sale of our company that he forced me out of and sold without telling me. My username came from that era of my life. I cannot even begin to describe how different my life would be had my cofounder not done this. It is unlikely that I will ever again create something that valuabl…
> while your anger is completely justified, you have to let it go, or it will destroy you
Cheers to you for this. I know I would not be able to do the same.