7 ms·

On some level, if you lose many life savings worth of wealth through what I can only assume was gross negligence and incompetence, you should expect the hatred.

On some level, if you lose many life savings worth of wealth through what I can only assume was gross negligence and incompetence, you should expect the hatred. It's not like you can lose hundreds of millions of dollars -- or even tens, for the pedants who want us to take the integral of the value through the buy side of the order book -- through an honest mistake. He deserves the infamy he's getting.

pbiggar 13y ago
The point is that these people are people - have some compassion. I failed in my last startup, fairly publicly, and got a fair amount of internet hatred, and suffice to say I was not a happy bunny. But I didnt fail with remotely the publicity this got - I can't even imagine what the mtgox people must be feeling.
- jamesaguilar 13y ago
  If you misled people into thinking you were solvent and kept taking their money when you knew you wouldn't be able to pay it back, or if you took grossly unacceptable risks with that same money, I'm glad you were unhappy. I doubt that's what you actually did though, and you are reacting to this story out of a kind, admirable, but entirely misplaced sense of compassion for someone whose wrongs are entirely unlike your own.
- gnaritas 13y ago
  People who commit fraud deserve no compassion. Failing and stealing are vastly different things. Gox didn't just fail, they tried to hide it and have done nothing to deserve a single lick of compassion.
erichurkman 13y ago
I dearly hope no one invested their life savings into Bitcoin. That said, I'm sure many did, as they tend to do into any investment that has potentially huge upswings.
- A_COMPUTER 13y ago
  https://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ https://falkvinge.net/2011/05/29/why-im-putting-all-my-savin... You mean like Rick Falkvinge founder of the Pirate Party?
  - gwern 13y ago
    Falkvinge says he got most of his bitcoins off Mtgox before it blew: http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_story_thread_how_much_did_you_lose/cfo2s8z http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s...
- deleted 13y ago
  [deleted]
- TophWells 13y ago
  I don't know any high-profile cases, but this random Reddit user did: https://pay.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc https://pay.reddit.com/r/Bitcoin/comments/1r88vl/need_advice...

pbiggar 13y ago

The point is that these people are people - have some compassion. I failed in my last startup, fairly publicly, and got a fair amount of internet hatred, and suffice to say I was not a happy bunny. But I didnt fail with remotely the publicity this got - I can't even imagine what the mtgox people must be feeling.

jamesaguilar 13y ago
If you misled people into thinking you were solvent and kept taking their money when you knew you wouldn't be able to pay it back, or if you took grossly unacceptable risks with that same money, I'm glad you were unhappy. I doubt that's what you actually did though, and you are reacting to this story out of a kind, admirable, but entirely misplaced sense of compassion for someone whose wrongs are entirely unlike your own.
gnaritas 13y ago
People who commit fraud deserve no compassion. Failing and stealing are vastly different things. Gox didn't just fail, they tried to hide it and have done nothing to deserve a single lick of compassion.

erichurkman 13y ago

I dearly hope no one invested their life savings into Bitcoin. That said, I'm sure many did, as they tend to do into any investment that has potentially huge upswings.

A_COMPUTER 13y ago
https://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ https://falkvinge.net/2011/05/29/why-im-putting-all-my-savin... You mean like Rick Falkvinge founder of the Pirate Party?
- gwern 13y ago
  Falkvinge says he got most of his bitcoins off Mtgox before it blew: http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_story_thread_how_much_did_you_lose/cfo2s8z http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_s...
deleted 13y ago
[deleted]
TophWells 13y ago
I don't know any high-profile cases, but this random Reddit user did: https://pay.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc https://pay.reddit.com/r/Bitcoin/comments/1r88vl/need_advice...