10 votes

Erik Voorhees "Some words for my friends" - On 750,000 Bitcoins Lost by Mt. Gox ($350,000,000+)

Some words for my friends by Erik Voorhees
http://www.reddit.com/r/Bitcoin/comments/1yv6ph/some_words_f...

MtGox Situation: Crisis Strategy Draft (unconfirmed)
http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-S...

Leaked by Ryan Galt http://two-bit-idiot.tumblr.com/

The $350 million figure is based on Monday's price.

Allegedly stolen by hackers due to flaws in Mt. Gox's system.

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Anyone else affected by this?

I had a considerable sum of money in cash and a hefty stack of BTC at Mt Gox. Was anyone else affected by this? If so, please feel free to PM me if you would like to discuss any legal remedies we might be able to pursue, including pursuant to Japanese insolvency laws.

Unlearning and self-teaching since 2008. Thanks, Dr. Paul!

Oh, and this will lead to another

Peter Schiff was right video.

Tu ne cede malis.

2014 Liberty Candidate Webpage:
http://candidates4liberty.com/home.html

2014 Liberty Candidate Thread:
http://www.dailypaul.com/287246/2014-liberty-candidate-thread

You place your faith in a computer algorithm as a store of value

and you deserve to face the consequences of the risk you took. I am happily sitting with my gold and silver locked away in my safe right next to my guns. I can go touch them any time I want.

Tu ne cede malis.

2014 Liberty Candidate Webpage:
http://candidates4liberty.com/home.html

2014 Liberty Candidate Thread:
http://www.dailypaul.com/287246/2014-liberty-candidate-thread

Sure - but try to take it out of the country...

or to another state for that matter.

Pandas eat bugs.

Cyril's picture

Okay and now I'm going to sound like a crazy conspiracy theorist

Okay, and now I'm going to sound like a crazy conspiracy theorist... to some.

Disclaimer: I have absolutely nothing to back up any tiniest bit of the following speculative claim (barely veiled)...

Pardon me, it's just I'm a software engineer who darn well knows how weak non-provably correct or verifiable software can be - well, if only because making it provably correct and verifiable, precisely, is really, really, really hard (and still seldom done, besides when it's for sending guys in outer space), and because of software's weakest link ever : man.

So, without further ado:

* capability - who on earth is likely to have the most computing power and enough money for the most numerous legions of well-greased little hands to play dirty / nasty against whichever promising Bitcoin entreprise?

* motivation - who on earth has the best interests in discrediting Bitcoin's reliability, or robustness, or information security as early as possible before the legislator even starts to remotely understand what are Bitcoin's true qualities vs. its truly arguable design or implementation flaws in its youth?

* opportunity - who on earth has had the most surveillance capabilities to gauge the optimum critical volume of trades to go for action with hacking Mt. Gox, for the sake of stealing and/or making a spectacular example as a possible beginning of a defaming campaign against a still "unregulated Bitcoin system"?

...

Do you see where I am going?

Well, time will tell : let us see now what kind of rhetoric is to follow up soon in the MSM...

Hmmm? ...

... Shall we?

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

There you go... here come the vultures to start flying in circle

There you go... here come the vultures to start flying in circle:

NYT: Apparent Theft at Mt. Gox Shakes Bitcoin World

http://www.dailypaul.com/313124

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius