Bitcoins

Dear Mr. Karpeles,

Perhaps you could upload a few videos to youtube and speak directly to us? Show off your cat, seems to be a big hit! I think you'd get a lot more credit for some regular communication. Keep it flowing, please.

If you are restricted from discussing anything, or specific topics, you could possibly indicate in a manner of morse code blinks. Just kidding, that would be too obvious. Just start out and say something like "I can only say this: MtGox is ...." and we will know.

Mark, I sincerely hope you can pull through and make MtGox successful, I know you've put a lot of time and work into it. You are well aware that your customers have grievances and I am one of them. If you can't at least restore our money, return our money, or generate some type of repayment scenario, then at the end of this I hope you give a big interview or AMA, something to give us a solid closure of how we lost all our hard earned money.

If repayment is not possible, please work your heart out to do something very positive that will benefit those who need it, in a measure greater than all of us who gave.

I'd like to finish with a quote from the following song:

"All gave some, some gave all" - Billy Ray Cyrus https://www.youtube.com/watch?v=ydWhRObVxrM&feature=kp

Sincerely,

Your Customer

Logged

“The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively”
― Bob Marley

http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

satoshi nakamoto is... satoshi nakamoto

Feel mad at Newsweek for blowing up this dude's spot

yeah I think they should'a left him alone considering he clearly didn't want to be found. and obviously he's not interested in 'cashing out' at the moment. it kinda confirms what my impression was of this all along (that bitcoin was probably created as a 'proof of concept', not an actual workable currency)

still, the comments really reveal the mindset of the bitcoin community:

If something happens to him, the blood is on Leah Goodman's hands. It's too late now. What a sad day for journalism.

Is Newsweek going to provide 24/7 protection for this man, after you've just outed the name and address of a man potentially worth 1000 million dollars, who likely holds the private keys to his BTC in his home?

Newsweek is going to be responsible for this man's death. NewWeek, there are some things that should have been left private. This is one of them. I now have a strong, very very strong, hatred for Newsweek, and all of it's subsidiaries.

This guy has potentially hundred millions in "cash" in his house and you post photo & location? I hope you rot in jail if he gets killed.

Can we get photos of Leah, along with her address and photos of where she lives? I'm sure there are a lot of people just *dying* to talk to her.

Your speculative article on the person behind bitcoin was blatantly disrespectful, a breach of journalist integrity, and has placed this man and his family in potentially life-threatening danger.

Whether your theory is true or false, do you realize that you've turned this man--someone who clearly wanted his privacy to be respected--into a target with a billion-dollar bounty?

If this turns out badly, blood will be on the hands of yourself and Newsweek.

This article is criminal. That guy and his family are in danger now.

http://blog.mainstreethost.com/wp-content/uploads/2012/08/Dr.-Evil-One-Million-Dollars.png

Those guys are crazy. Fuck those dudes xp

lol can't believe newsweek doxed a guy who went under his OWN NAME

gimme a break

Whatever, it's a good scoop (assuming true), and IMO if you involve yourself with a project of that scale your identity is fair game, especially if you don't take greater measures to hide it and use your real name as your alias.

or also what s1ocki said I guess

well it's one thing if he was still involved with it and taking money out regularly, I guess

kinda funny how the bitcoiners are referring to him as a Zuckerberg/Bill Gates type, and that in a bitcoiner world this means that he will likely be murdered so people can steal his precious precious bitcoins. as though hes literally sitting on a vault with billions dollars. for all we know he lost the private key to his wallet.

Lol at that letter....in lieu of FDIC protection, could we at LEAST get a reddit AMA?

"They be tryin' to steal me lucky bitcoin!"

the Bob Marley quote is making me wonder which one of you this is

Definitely gives you a sense of the kind of self-importance/persecution complex a lot of bitcoiners feel that they're so incensed about this.

its definitely unethical to reveal the names of rich ppl because they will obviously be murdered

writing a person of public interest doing business in his own name is not blowing up anyones spot

that being said its a weirdly sloppy and underinformed article. i assume they were rushing it for the first print issue

Of course, none of this puts to rest the biggest question of all - the one that only Satoshi Nakamoto himself can answer: What has kept him from spending his hundreds of millions of dollars of Bitcoin, which he reaped when he launched the currency years ago? According to his family both he - and they - could really use the money.

wait what's wrong with that?

he didn't "reap" it years ago, that's the current value

"...Mt. Gox, a former Magic: The Gathering card exchange that morphed into Bitcoin’s largest trading floor..."

I did not know this.

― nickn, Tuesday, March 4, 2014 7:44 PM (2 days ago) Bookmark Flag Post Permalink

mind was blown when i realized mt gox was an acronym for magic the gathering online xchange

― PSY talks The Nut Job (forksclovetofu), Tuesday, March 4, 2014 9:39 PM (2 days ago) Bookmark Flag Post Permalink

they are not

he didn't "reap" it years ago, that's the current value

― sleeve, Thursday, March 6, 2014 11:08 AM Bookmark Flag Post Permalink

Oh I see, I guess it's just unclear writing -- I took it as meaning he reaped the bitcoin years ago, which is now worth hundreds of millions of dollars, not that he could have sold it years ago for hundreds of millions.

please tell me you guys are pulling my leg
― Nhex, Thursday, March 6, 2014

people always mining and reaping bitcoin. just grab some bitcoin imo.

i need a bitcoin convenient as gogurt. i don't have time to reap and mine.

my mind is also blown regarding that Magic revelation. wowzers!

not that he could have sold it years ago for hundreds of millions.

the other important point is that he couldn't do that now either

Well no, but he could presumably sell off a small portion of it and his family would be more than set.

He would just need to dribble it out, the same way institutional investors often sell off large, semi-illiquid blocks of stock -- a little at a time. Unless I'm missing something here.

given that btc trading volume is way down I do wonder how much $$$ you could get out right now without crashing the whole thing. Satoshi could certainly get out enough to change his life but certainly nothing in the realm of what's mentioned in the article. the fact that he hasn't is rather curious (like the Gox thing, you half-wonder if he lost his private key?)

From the description I could kind of see him just being weird and eccentric and constipated about the whole thing. Maybe he doesn't like the way bitcoin has gone and doesn't want to profit from it or something.

frogbs otm, just a weird question to leave hanging without pointing out that converting btc to real dollars at that rate is impossible and would destroy the market

But he could easily sell off a mil or two without causing a blip, I'd think. Why not just do that?

(a million united states of amerikkka fiat dollars worth I mean)

has anyone been able to do that?

Aren't there still Winklevosses etc. out there willing to pony up real cash?

Wau @ the magic the gathering reveal

has anyone been able to do that?

― frogbs, Thursday, March 6, 2014 11:38 AM Bookmark Flag Post Permalink

I don't understand why it would be difficult -- I mean just watching the trades here: https://bitcoinity.org/markets, it seems pretty clear that there's enough volume to do that, if not all in one shot, then gradually over a few days or weeks or months at worse.

He doesn't have to sell it all to one dude, that's not how it works.

what about a bro?

fyi, the numbers are "mBTC" not bitcoin, so 49,232 = 49 and change bitcoins, not 49 thousand. Still, that's like $30,000 in a single trade, a few minutes ago.

well we do know that a lot of people trade them back and forth to manipulate the price. I've heard of ppl who 'cashed out' at a total of $20k or so which is nice but I have yet to hear of the early miners who got six figures out of it. not saying they don't exist, just that I don't know if the market could handle say someone trying to get a million USD out of it

https://bitcointalk.org/index.php?topic=413349.0
illuminating

xp they quote a guy in the article who said he bought "a nice apartment" with the money he cashed out of bitcoin.

Intelligent people "cash out" gradually as the price increases, and do things like buy lambos http://i.imgur.com/MkuABq5.gif

"a man potentially worth 1000 million dollars,"

or worth a billion dollars?

I tell you now is the time to buy bitcoin yo - dont be a FOOL!!

you can xp to things that look like onion articles or whatever but i don't see how much further down the bitcoin rabbithole you can go than this; url says it all

http://blogs.marketwatch.com/thetell/2014/03/05/winkelvoss-twins-pay-richard-branson-in-bitcoins-for-virgin-galactic-tickets/

The Japanese pronunciation of "Gox" sounds quite similar to an extremely vulgar phrase meaning "gulping down shit". Just putting that out there for y'all.

whoops, I meant to post that in the real thread, not this lamestream NPR-ready one.