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Re:Mt. Gox demise as told by a Bitcoin insider by modeless on Friday February 05, 2021 @09:21PM (#26043556)
For those who don't know, MagicalTux is Mark Karpeles, owner and CEO of Mt Gox. Assuming this is his real account.

And for what it's worth, I agree that this is a bad article based on what I know about the situation. Bloomberg reporting in general is questionable these days if you ask me. I don't trust them since the false Supermicro hack story (never retracted BTW) and I've seen several other bad stories from them since then.

Re:Mt. Gox demise as told by a Bitcoin insider by MagicalTux on Friday February 05, 2021 @11:31PM (#26044145)
Yep this is indeed me. This article would clearly have its place on PRNewsWire rather than Bloomberg.
Re:Mt. Gox demise as told by a Bitcoin insider by jjoonathan on Saturday February 06, 2021 @12:17AM (#26044323)
Doesn't Bloomberg have a reputation as being shamelessly pay-for-play?
Re:Mt. Gox demise as told by a Bitcoin insider by gggydf32 on Friday February 05, 2021 @11:40PM (#26044176)
So you are commenting on the veracity of the article, then?
Re:Mt. Gox demise as told by a Bitcoin insider by MagicalTux on Saturday February 06, 2021 @01:04AM (#26044508)
I didn't initially, but if you're reading that far in the comments I guess it can't be avoided. People need to know what CoinLab is trying to do.
Re:Mt. Gox demise as told by a Bitcoin insider by Melting_Harps on Saturday February 06, 2021 @04:49AM (#26045463)
> I didn't initially, but if you're reading that far in the comments I guess it can't be avoided. People need to know what CoinLab is trying to do.

Mark, for all the controversy surrounding your case and the obscene level of malice in the Japanese court system, reflected in its conviction rate, do you think there will ever be a way for you to tell your side of the story at length? Like a series of long format podcasts with a break down of the day by day, week by week kind of format?

Are there gag orders or something like that until the matter is resolved?

Because there are still so many questions left unanswered, I'm still wondering to this day who or what was behind that that 'Muscle group' thing offering to pay xx cents on the dollar per outstanding Bitcoin/fiat locked up on Gox. I always felt it was some of the members of The Foundation wanting to capitalize on the seizure of the funds and eventual reconciliation--which still has not happened.

I'd rather keep our old school Bitcoiner-style banter out of this on HN, rare for someone like me given my post history, because I honestly think you should really reach out to someone here with an independent media platform to get the ball rolling on being able to get your side of the story out there.

It's one that did put is back as a Community, Platform and Network many years, but it also showed just corrupt the legal systems is in many countries (US/Japan) and how they operate to what length they will go to get a conviction and 'settle' a matter to move on and try to contain a technology they entirely disregarded a year or two before.

The crazy thing is how much deeper it all goes and certainly has all the elements of a series of movies (at least a trilogy) if someone wanted to make it a script: DPR/Ross Silk Road case, those 2 Feds who stole the BTC, BTC-e seizure, Alexander Vinnik arrest in Greece alleging to be behind the MTGOX hack(s), variety Jones's arrest in Thailand. Not to mention guys like Gonzog, or Ver...

Honestly, after 10 years in Bitcoin its why I can't find or get excited about 95% of most movie, gamess or TV shows anymore. Nothing beats that last decade in Bitcoin, its been an amazing but incredibly wild ride!

Sidenote: Sorry to hear about all your troubles, our tempers flared and things got out of hand as a community (myself included) back then; but I want you to know that no one deserved what happened to you and your family--I also have friends in the BTC community that went to jail/prison due to State overreach, many of them irreparably scarred from it.

You look and seem much more healthy now then back then and I sincerely hope you found a way to make peace with it all and were able to move on with your life.

Re:Mt. Gox demise as told by a Bitcoin insider by Judgmentality on Saturday February 06, 2021 @03:48PM (#26049792)
> The crazy thing is how much deeper it all goes and certainly has all the elements of a series of movies (at least a trilogy) if someone wanted to make it a script: DPR/Ross Silk Road case, those 2 Feds who stole the BTC, BTC-e seizure, Alexander Vinnik arrest in Greece alleging to be behind the MTGOX hack(s), variety Jones's arrest in Thailand. Not to mention guys like Gonzog, or Ver...

As someone who is only loosely aware of the story, is there a good place to learn more (I'm pretty sure I could spend countless nights researching this, I'm hoping for something like a detailed article or a particularly insightful forum post)? And I realize part of the issue is the story hasn't been told yet, but you still know a lot more than I do.

Re:Mt. Gox demise as told by a Bitcoin insider by Melting_Harps on Sunday February 07, 2021 @04:40AM (#26053840)
> As someone who is only loosely aware of the story, is there a good place to learn more (I'm pretty sure I could spend countless nights researching this, I'm hoping for something like a detailed article or a particularly insightful forum post)? And I realize part of the issue is the story hasn't been told yet, but you still know a lot more than I do.

It really goes deep, and a lot of it was events as they happened in real time for those of in the Community. Bitcoin Talk Forum and reddit still have many of those threads if you want to go deep.

But here are some links I could find to you get familiarized with all of this [0] [1] at least until you decide to go further.

As you mentioned, so much of this has not been addressed and their are so many parties vying to hijack the narrative, which include Nation States and their respective agencies and bureaus withing them which is why I'd like to hear Mark's story (starting with being brought in for questioning by the Secret Service, FBI, and DHS) be told over a series of podcasts (the lowest barrier of entry with long format). I'm sure we could crowd source this with BTC to make it happen if he ever decides to do it.

I'm just not sure if Mark would be legally allowed to do that at this point because of the ongoing reconciliation process.

0: https://blockonomi.com/mt-gox-hack/

1: https://www.techspot.com/news/61603-weekend-tech-reading-mar...

Re:Mt. Gox demise as told by a Bitcoin insider by threepio on Friday February 05, 2021 @10:13PM (#26043788)
> the false Supermicro hack story (never retracted BTW)

So the idea is that Bloomberg, a company owned by a multibillionaire, published a story full of libel, and for some inexplicable reason none of the corporations damaged by that story sued them?

Or maybe ... the story is true, and those mentioned found it embarrassing, so they put out denials to the press and social media that will never have to be scrutinized (say, under testimonial oath in a deposition)?

Re:Mt. Gox demise as told by a Bitcoin insider by dylan604 on Friday February 05, 2021 @10:22PM (#26043830)
And what, maybe made some kind of deal to not follow up on it? It just disappeared. No retraction, but I also don't recall seeing further articles in support/defending its position/etc. The entire situation was very suspect from every angle.
Re:Mt. Gox demise as told by a Bitcoin insider by MagicalTux on Friday February 05, 2021 @11:32PM (#26044147)
Or maybe suing for libel brings a lot of attention so unless it's very bad most companies will opt not to sue, especially if the target is a major news organization.
Re:Mt. Gox demise as told by a Bitcoin insider by gggydf32 on Friday February 05, 2021 @11:48PM (#26044206)
Er, Supermicro servers being surreptitiously implanted and installed in customer networks are existentially-threatening allegations against their business. I struggle to imagine what “very bad” would be in your view if that doesn’t rise to the bar.
Re:Mt. Gox demise as told by a Bitcoin insider by MagicalTux on Saturday February 06, 2021 @12:25AM (#26044347)
More than the contents, the impact of the news on business is what would be used to decide. If most people think the news is likely fake there's no point giving extra attention to it by suing for libel. If it has enough impact to bring the company toward bankruptcy it will be an issue. Tbqh I wasn't even aware of that story until now.
Re:Mt. Gox demise as told by a Bitcoin insider by Kye on Saturday February 06, 2021 @08:54AM (#26046486)
https://en.wikipedia.org/wiki/Streisand_effect

I was reminded of this recently by a fursuit company issuing a C&D over an accusation most people had forgotten about, for a tweet that was almost half a year old at that point.

24 hours later, the tweet from the target of the C&D has over 7000 retweets and the response from the company has almost 1400 quote retweets yelling at them. Many of the angry responses have as many retweets as the company's tweet.

Re:Mt. Gox demise as told by a Bitcoin insider by acct776 on Saturday February 06, 2021 @09:57AM (#26046899)
Link?
Re:Mt. Gox demise as told by a Bitcoin insider by Kye on Saturday February 06, 2021 @10:20AM (#26047090)
Re:Mt. Gox demise as told by a Bitcoin insider by acct776 on Saturday February 06, 2021 @09:57AM (#26046896)
> Tbqh I wasn't even aware of that story until now.

Hopefully your CTO was.

Re:Mt. Gox demise as told by a Bitcoin insider by gamblor956 on Saturday February 06, 2021 @01:39AM (#26044645)
If that were true, those companies absolutely would have filed libel cases, because that sort of harm is exactly what libel suits are intended to redress.

Most likely, the story is true enough that the companies do not have a case for libel, even if specific details may be wrong, and the companies don't want a lawsuit because that opens then up to discovery proving that the foundational elements of the story are true.

Re:Mt. Gox demise as told by a Bitcoin insider by akiselev on Friday February 05, 2021 @10:21PM (#26043818)
> Or maybe ... the story is true, and those mentioned found it embarrassing, so they put out denials to the press and social media that will never have to be scrutinized (say, under testimonial oath in a deposition)?

These are publicly traded companies - everything they say is scrutinized.

What's not scrutinized is internal communications and logs, which would be fair game in discovery in event of a lawsuit against a media organization, which are uniquely suited to defend those types of lawsuits.

Re:Mt. Gox demise as told by a Bitcoin insider by Thorrez on Saturday February 06, 2021 @01:31AM (#26044615)
If Bloomberg was operating in good faith (such as being tricked by a lying source), would they still be liable for libel?
Re:Mt. Gox demise as told by a Bitcoin insider by coryrc on Saturday February 06, 2021 @01:05AM (#26044513)
Wouldn't it just take one person and a single piece of hardware to confirm? And yet not anyone has confirmed it?
Re:Mt. Gox demise as told by a Bitcoin insider by technion on Saturday February 06, 2021 @12:24AM (#26044346)
To this very day, the majority of non technical executives having a security conversation raise with me "so we're definitely not using Supermicro right" as their top security concern. It's incredible how much that story managed to achieve.
Re:Mt. Gox demise as told by a Bitcoin insider by 1996 on Saturday February 06, 2021 @03:16AM (#26045091)
If they are using Intel (AMT, vPro) or even AMD, or anything that can do DMA without GMU, they are no better than using Supermicro.
Re:Mt. Gox demise as told by a Bitcoin insider by rasengan on Friday February 05, 2021 @09:24PM (#26043568)
It’s real (re account)!