Japan arrests MtGox Bitcoin head over missing $387m

MiamiPower · 2時間前

Yes I think that is more likely! Blockchain should be their best friend. Rather than destroy it, use it to their advantage.

binghamtonbitcoinXMR · 10時間前

He's either a charlatan or a fool. If he really received an oversized payout to keep quiet about his concerns of Mtgox embezzlement, he's very liable for civil litigation to reclaim the misappropriated assets.

Mark being arrested (afaik not yet charged) is a very interesting time to come forward. He may just be genuinely naive and not realize he's at risk here.

As a creditor I'm ill suited for advice for him, but really man, get a lawyer if you haven't already.

aminok · 10時間前

Your comment seems to resonate with a lot of people. But sadly it's not a careful debate. Careful in the sense that Republican obstructionists and Democrat debates in the US are "careful". Completely partisan and disingenuous on the Republican (obstructionist) side and nuanced and complex on the Democrat side.

MtGox_Adam · 13時間前

Unless Mark sold or lost coins before the bubble(s), and was already effectively net short on coins before the run-up. He had an explainable excuse (DHS confiscation) for not being able to remit fiat, but no excuse for not allowing coin withdrawal. So in this theory he's forced to buy coins using the locked up customer fiat. This compounds his problem by driving the price up more. Until finally arbitrage through JPY accounts leaves him out of fiat, at which time (as indicated in the wizsec report) the bot starts selling. The fact that they suddenly had a JPY withdrawal bottleneck at the beginning of 2014 supports this conclusion. Finally he's out of coins and fiat, except for the 200k coins which would presumably have been what he hoped to keep for himself. In this theory I suspect he felt the heat from all the media attention and reluctantly decided to cough up those coins.

Obviously this is all conjecture but its really the simplest answer that supports the history. Especially if he was short those coins due to a much earlier hack. This would make his insistence that he was hacked true, and his sense of victimization justified (in his mind).

Ienjoyeggs · 1日前

Never confessed this anywhere before but I think my hamster might have lost a toe being forced to play in my Millennium Falcon vehicle when I was little. I'm not actually sure that's what happened but I felt real bad about it. So, kinda in agreement about kids doing shit by accident - its the feeling bad that probably means you're not a psycho.

MtGox_Adam · 1日前

I think you have it backwards. Bitcoins bought with real fiat, that was conveniently locked away by the DHS troubles. Probably to make up for a shortfall in coins which had either been sold at too cheap a price (to fund lavish expenses), or perhaps stolen. Arbitrage by people with Japanese bank accounts slowly sucked out the remaining fiat, until they started having trouble doing JPY withdrawals after new years. Then bot ran in reverse, selling coins to get fiat (and the price falls).

MiamiPower · 1日前

It would cost a trivial amount of money to make Bitcoin completely useless by spamming the network. If those organizations who have the ability to print money out of thin air wanted to destroy bitcoin, they have all they need at their disposal.

jark831 · 4日前

I think this stems partly from a desire to be protective and nurturing to women, and partly from that (at least in my experience) I always earn a higher income than the woman does.

What about holding doors? Clearly women can open doors themselves, and also I'd hold a door for a man - but definitely for a woman. I strongly believe in women's rights, and certainly if a woman told me that she didn't like this behavior I would stop.

Here in Japan guys treat women pretty badly (from my perspective) and certainly don't hold doors. Japanese women are quite happy when foreign guys hold the door.

Usually refusing to let the guy pay for the check is a way to make it clear you're in the friend zone. So perhaps it also serves as a subtle form of communication. Not to say her allowing you to pay implies any other type of reciprocation, just that she is comfortable with his gesture of being caring towards her. I also enjoy cooking a woman dinner, which is probably a non-traditional role if we're saying this is a 50s throwback. Its just a way of sharing and caring via food.

gaurav_ch · 5日前

In order to sell bitcoin, someone must buy it. Turnover to more optimistic parties could be a good thing, if your opinion about bitcoiners' view is correct.

Further, while many individuals may have purchased in the range you specify, I would suggest that the majority of bitcoins are NOT held by those people but by earlier adopters. Those who did not sell when it went to $1200 last time are not going to sell at that price, ever.

And last, while negativity on bitcoin will surely be higher when the price is down, the enthusiasm will kick in if prices rise. If greed was their motivator, I see no reason to believe that will not be a motivator during another price run up. They held through months of price down, even if they plan to cash out they'll want to see some profit.

overlord_007 · 6日前

Specifically, always look for the "out" in any circumstances (especially on highway). Don't let anyone box you in, leave a lot of distance (don't tailgate). Don't let assholes influence how you drive through intimidation or frustration.

TipBitcoin · 9日前

Dinner and drinks last night....

damasandra · 11日前

Hottest boob rash I saw on reddit today!

finalhedge · 11日前

Upvoted for being reasonable response.

Only thing I would add is that I fully expect mining to ultimately be a non-profit endeavor - that is, part of large (profitable) businesses infrastructure spend. Assuming Bitcoin is still going, which is a huge if. More likely some USA sanctioned corporate facebook crypto takes over. Enabling the unbanked to have an equal footing at the cost of US hegemony will be resisted with the full force of American imperialism.

LegaciLeaver · 11日前

If not properly stored it would become very harsh quickly (weeks or even days). Bad taste and painful coughing. Unless they live somewhere very dry, it would likely get damp and then moldy at some point. But like Tobacco it could be stored for a very long time if done correctly. There are pre-ban Cuban cigars!

finalhedge · 11日前

The purpose of Bitcoin mining is supposed to be to enable people to use the Bitcoin network right? So, on one end of the spectrum you have really high fees and few transactions. On the other you have many many transactions and small fees. Which would you say is more aligned with the philosophy behind Bitcoin? Which is more likely to gain global adoption and much benefit for the developing world?

As for long term when fees dominate block rewards, that's going to be quite awhile given the current blocksize limit. Currently to equalize, you'd need 0.0244 fee per 1KB. After 8 halvings, or 29 years from now, you get down below the current 0.0001/KB.

Mining takes a lot of investment. The long-term health of Bitcoin is very much in miners' self interest. Acting for only short profit, miners could do any number of bad things. For example they could require transactions with large values to include a bigger fee. But they don't, simply because its obvious to them this kind of thing is self destructive. Absent activist developers pushing for this upending of the standards that govern the network, you are not going to get a significant number of miners doing this kind of thing. This meme of inevitability that is circulating is totally baseless.

finalhedge · 11日前

RBF isn't some panacea for miners that is going to be a huge economic boon to them. It's being actively pushed by certain people in the dev community, and social pressure should be all it really takes. If people are educated on what it means to them (no buying that beer, food, coffee, digital download without waiting an hour), I expect the vast majority of regular bitcoin users would protest strongly.

finalhedge · 12日前

For all you who don't understand what full RBF means for Bitcoin, cut to here:

https://www.youtube.com/watch?v=3mUcpsbnhGE#t=8m32s

This will no longer be true if the proponents of this major change to how Bitcoin works are not stopped.

WiWr · 13日前

Who needs sock puppets when we have people with NO knowledge of the situation gladly repeating Peter Todd, et al's party line...

WiWr · 13日前

Ridiculous made up numbers are made up...

WiWr · 13日前

There are many successful businesses which can mitigate the risk down to a small acceptable loss. I really wonder whether the people arguing for RBF actually USE bitcoin in their daily life. It requires sufficient planning and technical know-how to discourage someone from double spending the pizza or beer, or even the bitcoins they sold to someone they just met. But add an "undo" button to a wallet and the number of unethical people who will double spend grows dramatically.

WiWr · 14日前

The more hashing power implementing RBF the more risk 0-conf processors have to take, no doubt. But I disagree completely with the conclusion that it is inevitable, and more so with the idea that inevitability means we should hasten this outcome.

I could argue that it's inevitable that large companies ultimately take over Bitcoin mining, and that governments use their influence to control what transactions get mined. Does this mean we should not do all we can to resist it?

penguinopusredux · 14日前

I emailed them and suggested they get a Bitcoin address and QR code. They could've gotten donations from all over the world! 57000 views, that's only 13p per viewer needed to get 7400GBP..

WiWr · 14日前

As much as we all like to profess otherwise, Bitcoin (the network anyway) is not based on math, it's based on consensus. A majority of "honest" miners. The purpose of POW is to make transactions more and more secure, as they get deeper into the blockchain. No one is saying unconfirmed transactions are secure. But why would you not operate on the basis that we do not go out of our way to make them LESS secure?

The RBF debate ignores the ecosystem which, for better or for worse, has grown up around the gap in the Bitcoin system, for instant transactions. The better solutions to this are not yet available and certainly not in wide use. No one is saying we should not progress with payment channels and other mechanisms. But you need to deal with the reality on the ground, which is that right now a whole lot of the usability of Bitcoin is enabled by payment processors and others ability to make a service with a small acceptable risk.

SinnyCal · 14日前

A significant number of people (including me) know who laoban is (Roger's supposed puppet.) Author's choice to highlight that easily disprovable false positive really makes me question his other conclusions. And further, that perhaps bounties of this kind are not very good at soliciting unbiased work.

discoltk · 15日前

/r/bitcoin is a cesspool of haters. a bunch of arm chair critics, self-professed libertarians who never miss a beat when trying to tell you what you should and shouldn't do...

discoltk

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