Give Mark a break!
Yes, the fees are a bit steep, but he still has to pay for the franchise, after all he just bought the exchange and probably got a bit more than he bargained for...
Jed,
obviously mistakes were made but given that these haven´t exactly been the first ones in MtGox´s history, it would be very interesting to know what percentage of commission you are taking and for what period of time, furthermore what your additional(finanicial) interests in MtGox still are. You´re message when handing it over(paraphrasing): I´m bored and I just dont want to invest that much time ( http://forum.bitcoin.org/index.php?topic=4187.0 ), was less than honest, especially given the fact that you were facing legal action in connection with prior inconsistencies( http://forum.bitcoin.org/index.php?topic=3712.0 ).
Are you willing to verifiably disclose what your current interests in MtGox still are(does Mark actually have the funds to compensate for losses?; are you skimming off all the profits?) or are you going to keep this cloud of uncertainty hanging over MtGox customers and therefore the wider Bitcoin community?
Yes, the fees are a bit steep, but he still has to pay for the franchise, after all he just bought the exchange and probably got a bit more than he bargained for...
https://mtgox.com/press_release_20110630.html
https://mtgox.com/press_release_20110630.html
Quote
CLARIFICATION OF MT. GOX COMPROMISED ACCOUNTS AND MAJOR BITCOIN SELL-OFF
Dear members of the press and Bitcoin community,
I. Background
March, 2011 MtGox.com (Mt. Gox), now the worlds leading Bitcoin exchange, was purchased by Tibanne Co. Ltd. As part of the purchase agreement, for a period of time, Tibanne Co. Ltd was required to pay the previous owner a percentage of commissions. In order to audit and verify this percentage, the previous owner retained an admin level user account. This account was compromised. So far we have not been able to determine how this accounts credentials were obtained.
...
Mark Karpeles - CEO
Tibanne Co. Ltd.
Dear members of the press and Bitcoin community,
I. Background
March, 2011 MtGox.com (Mt. Gox), now the worlds leading Bitcoin exchange, was purchased by Tibanne Co. Ltd. As part of the purchase agreement, for a period of time, Tibanne Co. Ltd was required to pay the previous owner a percentage of commissions. In order to audit and verify this percentage, the previous owner retained an admin level user account. This account was compromised. So far we have not been able to determine how this accounts credentials were obtained.
...
Mark Karpeles - CEO
Tibanne Co. Ltd.
https://mtgox.com/press_release_20110630.html
...
I'm sure Mark is very busy with mtgox so has been neglecting Kalyhost.
Mistakes were obviously made but I don't think Mark is being greedy or incompetent here. He needs to hire more people and he knows this. But which if you have ever tried to do you know takes time which he doesn't have much of these days.
I'm sure Mark is very busy with mtgox so has been neglecting Kalyhost.
Mistakes were obviously made but I don't think Mark is being greedy or incompetent here. He needs to hire more people and he knows this. But which if you have ever tried to do you know takes time which he doesn't have much of these days.
Jed,
obviously mistakes were made but given that these haven´t exactly been the first ones in MtGox´s history, it would be very interesting to know what percentage of commission you are taking and for what period of time, furthermore what your additional(finanicial) interests in MtGox still are. You´re message when handing it over(paraphrasing): I´m bored and I just dont want to invest that much time ( http://forum.bitcoin.org/index.php?topic=4187.0 ), was less than honest, especially given the fact that you were facing legal action in connection with prior inconsistencies( http://forum.bitcoin.org/index.php?topic=3712.0 ).
Are you willing to verifiably disclose what your current interests in MtGox still are(does Mark actually have the funds to compensate for losses?; are you skimming off all the profits?) or are you going to keep this cloud of uncertainty hanging over MtGox customers and therefore the wider Bitcoin community?