Post
Topic
Board Service Discussion
Re: SaveGox.com
by
btcusury
on 30/04/2014, 13:07:20 UTC
Quote
Lawyers can and will hire experts to handle the technicalities, in bitcoin or any other field.
The technicalities of liquidation, not the technicalities of recovering the missing 650,000 BTC!
No, I mean technical aspects of the issue.  If it were a theft of chemical formulas they would hire chemical experts, if it was a theft of computer chip designs they would hire chip design experts, etc..

The police in countries like the US and Japan is quite compentent by now in the investigation of cybercrimes.  Bitcoin is not more complicated than the things they have already mastered.

On the other hand, the "crowd detectives" who poke at the blockchain so far have made a lot of noise, but have no concrete result to show, have they? In MtGOX or any other theft/scam...

And you really think the Tokyo police has a higher chance of solving the mystery than has the Tokyo police PLUS a restarted MtGox run by (presumably) competent people who have a bigger incentive to solve it?
The police certainly has a better chance than a team of unknown managers who MAY bring in the police (but almost certainly will not).

Blockchain analysis can only go so far, but it does reveal some parameters of the puzzle. We need access to MtGox's accounting system. With that, we'd figure it out much faster than any cybercrime police team would. We are far greater in number and experience.

You place too much faith in authority. Hiring an expert in a field who does it for the money does not compare to the power the Internet has in bringing together the top experts, and this is especially true for something like cryptocurrency.

The Tokyo police was handed evidence several weeks ago, according to one of the MtGox press releases (authored by Karpeles under supervision). So the new Gox team could investigate in parallel, or assist the police investigation if indeed one exists.


And you really think the Tokyo police has a higher chance of solving the mystery than has the Tokyo police PLUS a restarted MtGox run by (presumably) competent people who have a bigger incentive to solve it?
Yes. Once enough evidence is collected for the Tokyo police to arrest and interrogate Mark Karpeles for their usual 23 days.

You're assuming Karpeles is the only one to blame (and that he's an evil genius). He had no reason to attempt grand theft. It seems unlikely that he faked his incompetence and staged the security problems that plagued MtGox.


Jed McCaleb started Mt Gox, not Mark Karpeles.

You're right! I should've written: Karpeles got far in the Bitcoin world because he purchased the first exchange and rode that wave. He got far in the Bitcoin world because he was an early adopter and then made a fortune after buying the first exchange from McCaleb, who knew it wouldn't scale so he wanted to get rid of it.