Mt. Gox CEO Karpelès Reveals Details of 2014 Collapse and Japanese Detention(bitcoinmagazine.com)
bitcoinmagazine.com
Mt. Gox CEO Karpelès Reveals Details of 2014 Collapse and Japanese Detention
https://bitcoinmagazine.com/business/former-mt-gox-ceo-mark-karpeles-reveals-details-of-2014-collapse-and-japanese-detention
39 コメント
Small nitpick with the title, because I still find it humorous all these years later, but it's not "Mt. Gox" like Mount Gox, it's MTGOX, which stands for Magic The Gathering Online Exchange, as it started out as a trading platform for that, and adopted bitcoin early as a way to facilitate trades of the cards without cash.
It was literally branded Mt. Gox. In the logo and everything. Also, he had already shuttered the MTG project and simply re-used the dormant mtgox domain.
The Wikipedia page agrees with you as well: https://en.wikipedia.org/wiki/Mt._Gox
There's some discussion about potential Citogenesis here: https://en.wikipedia.org/wiki/Talk:Mt._Gox#Possible_citogene...
> More importantly, McCaleb replied to my email. In response to my question "Did anyone ever actually trade card for card or money for card on Mtgox.com?", he replied "yeah they did". I've asked him some followup questions on dates & volumes & closure reason, but I guess that settles that... Does anyone recall the OTRS procedure for storing emails from primary sources? It's been years since I've last done it. --Gwern (contribs) 20:36 17 February 2014 (GMT)
The article mentions he was convicted of falsifying records. Kind of surprised Japan lets foreigners with criminal records stay in the country.
And:
At shells.com, his personal cloud computing platform, he’s quietly developing an unreleased AI agent system that hands artificial intelligence full control over a virtual machine: installing software, managing emails, and even handling purchases with a planned credit card integration. “What I’m doing with shells is giving AI a whole computer and free rein on the computer”, a brilliant idea, really. AI agents on steroids.
Like managing other people's crypto, it seems like an idea that could actually blow up your face.
And:
At shells.com, his personal cloud computing platform, he’s quietly developing an unreleased AI agent system that hands artificial intelligence full control over a virtual machine: installing software, managing emails, and even handling purchases with a planned credit card integration. “What I’m doing with shells is giving AI a whole computer and free rein on the computer”, a brilliant idea, really. AI agents on steroids.
Like managing other people's crypto, it seems like an idea that could actually blow up your face.
mschuster91(3)
Over 10 years of providing details and documents, but still waiting for my 0.75 BTC.
Didn't you get it back? They sent me a portion of mine last year.
I like how this paints Karpeles, the Ripple guy and Roger Ver as seemingly upstanding individuals who didn't do anything wrong.
Working with Andrew Lee on vp.net, who maliciously imploded Freenode some years ago. Birds of a feather...
Oh he's the one that caused the Libera split? How am I not surprised.
The guy was running hosting company which sold web domain to the Silk Road guy and then the Russian dude who run BTC-e exchange hacked his exchange(which was by the way sold to him by the Ripple founder). This is like some cheesy crime movie. Tell me about Bitcoin's circular economy and his bad luck or to be more precise incompetence. This guy basically blew away billions of dollars of people's money not knowing what the hell he was actually doing or who he was dealing with.
[deleted]
"So you're telling me there's a financial exchange for Magic The Gathering players? How do I put all my money in this?"
-Someone in 2010
-Someone in 2010
As one of those people, the original meaning behind the name wasn't widely known. Plus, the dozen or so bitcoins I bought at <$1-10/coin were probably going to end up worthless, so preventing their loss wasn't a particularly big concern.
A lot of people seem to still use the service that was first hosted at airbedandbreakfast.com despite an unwillingness to rent an airbed.
Don't joke: I once knew a kid who invested all his savings in a company because he liked computer games; that company was Nvidia!
Indeed, obscene wealth is never funny
That’s cool, but kids usually don’t have a lot of savings.
Passing KYC for a brokerage is also a challenge nowadays, especially if your parents have the paperwork.
When I was a kid I walked into a bank, opened an account with no ID and no parent permission, and that was that (I encouraged a friend to do it as well, their overbearing dad raged at the bank after he found out but even then it wasn't closed). Can't imagine that's even possible anymore.
Of course it wasn't that long ago there were bearer shares. You could just hand a kid a physical piece of paper, and that was that, they owned part of the company. Bearer shares were another thing eliminated after the FATF went on their sadistic attack on privacy and self custody of many forms of financial instruments, eliminating one of the easiest ways for kids to handle investments directly in their hands.
When I was a kid I walked into a bank, opened an account with no ID and no parent permission, and that was that (I encouraged a friend to do it as well, their overbearing dad raged at the bank after he found out but even then it wasn't closed). Can't imagine that's even possible anymore.
Of course it wasn't that long ago there were bearer shares. You could just hand a kid a physical piece of paper, and that was that, they owned part of the company. Bearer shares were another thing eliminated after the FATF went on their sadistic attack on privacy and self custody of many forms of financial instruments, eliminating one of the easiest ways for kids to handle investments directly in their hands.
Nowadays you cannot even digitally transfer 15k EUR from your own bank account to your own brokerage without answering invasive questions, 15k EUR which had been taxed at least once already. Oligarchs, dictators, high figure politicians, and white collar criminals don't seem to have problems with money transfers though.
[deleted]
I want my 5 Bitcoin back :_(
I think this article undersells his criminality; "falsifying records" is a pretty kind way of saying he covered up insolvency and massively manipulated the Bitcoin market.
It’s a complete puff piece. Poor guy, surrounded by crooked and incompetent people. 80,000 bitcoin just disappeared somehow! Oops! Fortunately he’s sleeping better and shredded now. Love a story with a happy ending!
PR campaigns to rehabilitate white-collar criminals so they can resume their activities are an old practice, but have been supercharged by the internet and the ability to use oppositional culture war framing to get people on your side. Elizabeth Holmes and Martin Shkreli are both out of prison and running big rehab campaigns, and Sam Bankman-Fried is clearly angling for a Trump pardon (see his mom's big open letter and all the submarine stories lately about how "nobody actually lost any money at FTX! what was the crime??")
It's especially big in crypto because the whole community has a conspiratorial "the System is against us" mindset, and if you can successfully tap into that and convince people "I was targeted by The Man, man" all your crimes can be washed away.
It's especially big in crypto because the whole community has a conspiratorial "the System is against us" mindset, and if you can successfully tap into that and convince people "I was targeted by The Man, man" all your crimes can be washed away.
Elizabeth Holmes is still incarcerated. https://www.businessinsider.com/elizabeth-holmes-theranos-fo...
AFAIK Elizabeth Holmes is still in prison?
Time heals all wounds, even self-inflicted ones. I don't sense much remorse from this guy.