Cyther606

16 ms·

1. 91.▲
   by Cyther606 12y ago

   A generous estimate would put accumulating 850,000 BTC in profits through exchange fees at 85,000,000 BTC in volume. That assumes a 1% fee on all trades, which is already unsustainable in the current exchange market. It also assumes 0 opera
2. 92.▲
   by Cyther606 12y ago

   That part of the interview alludes to Karpeles claiming he was "physically attacked" causing hundreds of millions of dollars in losses no doubt. I only meant to imply that many have read this WSJ interview without any historical c
3. 93.▲
   by Cyther606 12y ago

   No one has heard anything about a police investigation into embezzlement or fraudulent behavior. Karpeles alludes to the police investigating "physical attacks". Surprise surprise, another excuse.
4. 94.▲
   by Cyther606 12y ago

   I lost all of $0 and 0 BTC in the MtGox fiasco, but this has no bearing on the ethics of Karpeles, and it's quite absurd that there is no ongoing criminal investigation. It's appauling. It's an outrage!
5. 95.▲
   by Cyther606 12y ago

   > but with an undergoing police investigation What gave you that idea? There's no police investigation ongoing in Japan, or anywhere else for that matter. Karpeles is looking at Japanese bankruptcy proceedings, he is not facing crim
6. 96.▲
   by Cyther606 12y ago

   There isn't an active police investigation, not in Japan at least. In Japan, there are bankruptcy proceedings scheduled, and absolutely no police investigation into embezzlement that anyone knows of. A court requested Karpeles appear i
7. 97.▲
   by Cyther606 12y ago

   Sorry, but your line of thinking takes for granted that criminality doesn't pay. On the contrary. Having a hidden fortune is more valuable than having a pubilc fortune, objectively in that you pay less taxes and forego frivilous lawsui
8. 98.▲
   by Cyther606 12y ago

   This is because embezzlement is rampant in the Bitcoin space, e.g.: Inputs.io, TradeFortress, MyBitcoin, Silk Road 2.0, GBL, I could go on. Embezzlement, as in you get "hacked", oops, we lost everyone's money, everyone move a
9. 99.▲
   by Cyther606 12y ago

   This assumes the NSA would follow any laws restraining their powers. Even if such laws were passed, how could the NSA ever prove to the public that they were following the law? And even if the NSA took steps to "prove" they were f
10. 100.▲
    by Cyther606 12y ago

    I completely agree. The refund rates of popular limited-time only specials, 10-20%, would suggest unsophisticated "investors" are willing to do desperate things including risk far more money than they can afford to lose, when an e