Post
Topic
Board Economics
Re: How Bots Brought Bitcoin up from $150 to $1000
by
The Pharmacist
on 30/09/2021, 23:34:13 UTC
The infamous Mark Karpeles made a bugged php script and sent 2 609 BTC to broken address. As you can see below, one of these address start with "s-" but regular bitcoin address start with "1","3" or "bc1" :
https://blockchair.com/bitcoin/address/s-272edf45031dd498e7b3ae89e11ff21b
(more info here)

Whether he was a good or bad coder. He didn't update or maintain MtGox regularly. When hackers stole millions in BTC from MtGox. The theft went undetected for months.

He never invested time or energy into the infrastructure side of the exchange. He was always way behind. Even on basic upkeep, backing up data and maintenance.
Well, shoot....I never said he was a perfect coder or couldn't make mistakes.  And yes, I agree with everything you wrote about him being a sloth (and also a control freak from what I've read).  If I'm not mistaken, he didn't let the small staff of Mt. Gox do much of anything, certainly not much of importance. 

Karpeles also didn't create the exchange, which I'm sure you know.  He probably thought it was just fine when he took possession of it and continued to pay attention to his cat and manga and Mt. Gox's coffee shop rather than security and everything else that goes into running an online exchange.