Quote from: Searing on February 28, 2014, 12:58:54 PM

Quote from: magicmexican on February 28, 2014, 12:50:13 PM

Paul Buitink @paulbuitink · 2h

According to my source it was the leaking of the crisis doc that ultimately killed the rescue of Gox

no he was doomed when he told the bitcoin foundation that his wallet method or accounting lost the coins
assuming what he says is true...he is an idiot at the head of a corporation that was clueless for years..
so..it is either that or he is an evil genius and will keep his personal fortune via bankruptcy...(ie he really
was that stupid ...therefore blameless in the theft...therefore bankruptcy protection will protect all his
personal assets)

no way that the document circulating killed mtgox....because any document stating he was clueless
enought to lose millions of bitcoins either now or later would have just killed it dead

no one invests in stupid

the sad part is he may have actually been clueless on all this which means by going bankrupt he
will keep any $$$ he cashed out in bitcoin years ago...you can't go after personal assets in
bankruptcy for being stupid and lossing folks btc or $$$ only if your intent was to do harm

so yeah he could walk away in his own unicorn and rainbow universe in a year when this
whole escapade when the bankruptcy shakes out....he will be humilated but likely have
way more money then me yet

the ways of finance.....people at the bottom have no safety nets ...people at the top
have all sorts for the same stupid/destructive behaviors....

anyhow hope i'm wrong ...but likely if he truely was that dumb (likely) he will walk
away from this humilated but still well off

Searing

That is why there was virtually no PR. Anything he said could be used to implicate himself later.
HE knew exactly what was going on but chose a course of action that was best for HIM and HIM only.

Even now the GOX homepage hasn't been updated.
What a blight on bitcoin.