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Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 25/08/2014, 05:30:17 UTC
Hi people, found this article and had to read because now it says there are 240000 coins, but all the time I heard there are 200000.
So what am I going to hear next?, 1.5 million coins

Man sometimes I can really laugh at this crazy world we live in

  thecoinsman    dot   com /2014/08/interviews/interviewed-bitocean-ceo-nan-xiaoning/
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Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 24/08/2014, 15:18:15 UTC
Yet another asinine thread bumped by a guy with multiple points for the SOLE PURPOSE of getting views/clicks on his shitty ad banner.

arcanum = buzzcoin = OP = Click-fisher for $$$

Does anyone really give a fuck about Mt. Gox anymore? Nope. But people still care about ad money!

Belithon no need to worry posting here on your version of an asinine thread, but remember there are some very concerned people who could do with some sort of help or information from inside sources, considering that not much has been spoken about in the creditors meeting.
Creditors dont know much about the progress of the ongoing mtgox investigations and any reliable information might help.
Have you tried calling the mtgox hotline? TRY and let us know how much time you spend waiting and how much info you get.
This liquidation process is not a cosy ride for creditors so try to help maybe with news of any new reliable info or by suggesting some useful ideas to those creditors that we may not know how they are dealing with this liquidation.

FOR THE RECORD: WHEN I REGISTERED THE USERNAME "BUZZCOIN" I NEVER EVEN KNEW OF ANY PERSON OR COMPANY USING THAT NAME NOR DID I DO A GOOGLE SEARCH OF THE NAME, AND I AM NOT AFFILIATED TO ANY OTHER ONLINE BUZZCOIN NAME/TRADEMARK/COMPANY ETC ETC.

FOR THE RECORD: I AM NOT AFFILIATED TO ARCANUM EITHER OR ANY OTHER USERNAME ON THIS FORUM.

FOR THE RECORD: ARE YOU AFFILIATED WITH ARCUNUM OR ANY OTHER USER?  ARE YOU A CLCIK-FISHER OF SOME SORT? OR ARE YOU ONE OF THOSE GOD GIFTED BRAINY HACKERS, WHO IS NOW CURSED AND HUNTED, FOR STEALING ALL OF MTGOX CUSTOMERS COINS AND CASH?
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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 24/08/2014, 14:56:15 UTC
When was the last time MtGox was associated with something possitive?

Arcanum when do you get anything positive when its a liquidation
All that remains is for people to find the best way forward and to do that people need to come together in discussion on the best way forward
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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 24/08/2014, 14:53:14 UTC
I don't think Sunlot is a charity.....keep an eye on the BB!!! (Bitcoin Bag)

Ya they probably not a charity so all creditors need to look at all options
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Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 24/08/2014, 14:49:19 UTC
How many bitcoin did they manage to recover? The asset they hold able to repay how many percentage of the total liability?

Tinof they got 200000 but as time is ticking the funds in mtgox are being used to pay expenses. If all the creditors can get together and stop wastefull expenses then all creditors might get something back.

If you look at the time that is going to pass before any claims are paid, then you could probably say that creditors are going to get peanuts back
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Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 24/08/2014, 14:44:57 UTC
I hadnt used mt gox since bitcoins were with $30... I still had about .3 in my account. But I suppose that they are long gone... it would be nice to get back those .3 now  Wink

Did you file a claim?
There are probably thousands of people with small Gox balances and many might not bother to go through the process.

How can I file a claim? I mean could I even get them back?

Nko you need to wait till end of November. That is when the mtgox lawyer will update all creditors. There will be a form posted on the Mtgox website to file a claim.
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Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 24/08/2014, 14:42:37 UTC
I hadnt used mt gox since bitcoins were with $30... I still had about .3 in my account. But I suppose that they are long gone... it would be nice to get back those .3 now  Wink

Did you file a claim?
There are probably thousands of people with small Gox balances and many might not bother to go through the process.

Bithappy if thousands dont file a claim then all mtgox creditors need to be given stats on the number of filed and approved claims
Everything is just so secretive right now that we know zilch
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Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 24/08/2014, 14:37:13 UTC
People don't forget that the new deadline for filing your claim to gox assets is end of May 2015 and not November 2014

On the subject of claims, I was just reading all over the net that the tokyo police did confirm the illegal removal of only 27000 coins from mtgox.
They also confirmed that they will be investigating what happened to the other 600000 or so.

According to one site, the tokyo police were hinting of the possibility of recovering 544000 coins. Well whatever the outcome is, I for one find it rather strange that 650000 coins could have been illegally removed without management catching on that theft was taking place, unless they did not need to worry because no theft was actually taking place on such a large scale.

Should the police manage to recover a substantial amount of coins, I wonder what the outcome would be if creditors settle for a deal before it is recovered. I'm sure we all would like to see any further coins that are thereafter recovered, be returned to gox's creditors.

What would the price of each coin be if it is recovered? Guess Satoshi knows

Lets wait and see

If Karpeles was the one who controlled all the private keys then I highly doubt that the Tokyo police are going to get any BTC back. Unless he gets formally charged and then cuts a deal and confesses that he still controls all the coins.

In the press conference broadcast on Japanese TV, did Kareples specifically say that all of the BTC was stolen? Has he been quoted saying that at all?

Him happening to find the 200k Bitcoins as soon as people started looking at the blockchin is so suspicious though isn't it.

Este lot of things even after he shut the exchange seem suspect
I'm wondering what is not
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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 24/08/2014, 14:34:23 UTC
Tokyo police investigation says that only 27000 bitcoin was stolen from mtgox.
Is this true?

Is this site a scammer?
https://apsjex.com/

All Bitcoin owners should be encouraged to click on potentially 'highly suspicious' links.  Cheesy

Update:Link removed
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Board Service Discussion
Topic OP
MOVED: READ THE FINE LINE LINES ON MTGOX/SUNLOT DEAL
by
buzzcoin
on 18/08/2014, 13:44:38 UTC
This topic has been moved to Bitcoin Discussion.
Because mtgox is in liquidation and no longer providing a service
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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 18/08/2014, 13:00:31 UTC
Seems like the Mtgox fiasco has really caught many a peoples attention.

Mystery of the missing coins has got many people postulating many theories and also trying different options in a bid to find those coins.
One such person by the name of Jason Maurice of Wiz Technologies has been on the hunt for those coins and gives his take on what might (I say might) have happened to those coins. He believes that hackers may have hacked the Mtgox database and created fake cash balances, then in another twist used those cash balances to buy a whole lot of bitcoins and then merrily merrily transfered those coins out of Gox.

His investiagtion is still ongoing but he believes that there could be a possibility that the hackers may have left a trail, and this could take one to the missing coins. But what next, when "you cant touch this"
Well news for you hackers: Start covering your tracks you tiny little thieves, if you have not done so. Mind you, I must warn you little thieves that if the "YAKUZA" starts coming after you, then you better find a hole smaller than a coin to hide in, because you only need to read stories of what they will (and really will) really do to you.

Has anyone heard of anyone, who is also conducting an investigation apart from the tokyo police. let us know here.
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Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 18/08/2014, 12:35:09 UTC
Just a reminder bicoiners that the closing date for filing claims is end of May 2015 and investigation of claims is september 2105.

Has anyone heard from anyone, if someone is willing to take over Mtgox assets and cut a deal with the Japanese liquidator or is in the process of doing so. Please update us here if anyone does get any info.

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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 05/08/2014, 14:44:42 UTC
People don't forget that the new deadline for filing your claim to gox assets is end of May 2015 and not November 2014

On the subject of claims, I was just reading all over the net that the tokyo police did confirm the illegal removal of only 27000 coins from mtgox.
They also confirmed that they will be investigating what happened to the other 600000 or so.

According to one site, the tokyo police were hinting of the possibility of recovering 544000 coins. Well whatever the outcome is, I for one find it rather strange that 650000 coins could have been illegally removed without management catching on that theft was taking place, unless they did not need to worry because no theft was actually taking place on such a large scale.

Should the police manage to recover a substantial amount of coins, I wonder what the outcome would be if creditors settle for a deal before it is recovered. I'm sure we all would like to see any further coins that are thereafter recovered, be returned to gox's creditors.

What would the price of each coin be if it is recovered? Guess Satoshi knows

Lets wait and see
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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 30/07/2014, 16:46:19 UTC
Tokyo police investigation says that only 27000 bitcoin was stolen from mtgox.
Is this true?

Is this site a scammer?
apsjex dot com
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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 29/07/2014, 15:56:31 UTC
Forget about getting anything back soon.
Liquidator has moved deadline date for investigation of claims to september 2015

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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 27/07/2014, 15:38:00 UTC
Hi People,
Now that the first long awaited creditors meeting is over, we have a few things to think about.

During this long wait, lots of money (hard cash) was used to sort out expenses relating to mtgox.If one has to look at the costs that were involved, it makes one wonder how such costs would eventually add slowly slowly to the drain of whatever assets are left of mtgox by the time we have the next creditors meeting which is far ahead in November.

By the time that comes i suppose we will have another set of expenses to look at maybe?
Should it not be the liquidators top priority to round up all assets and look for a suitable bidder to take over gox?
Should there have been greater clarity with regard to the ongoing investigation on the stolen coins?
Should the company doing the investigation have had mtgox members or possibly an oversight team to work with the investigation team?
Can't all the major creditors (coin holders, cash holders) ask for the process to be speeded up?
How can we tell if some coins could possibly have been already recovered but not publicly reported because no details of the investigation have been made public?
Where or how could the BITCOIN FOUNDATION could have helped in this whole mess? Did they?
How does bitcoin keep the title of being a fair currency, if we now have 650000 coins in the hands of stupid idiots? I say stupid because they have done more damage to themselves than they think. I say fair because people will always remember that some selfish people got bitcoins the illegal way. People will always feel cheated.

Though the amount stolen is just a fraction of the total, it has done bitcoin damage, agree?
Why do well known companies still adopt bitcoin? Did they research the more effecient coins?
Is there not a better currency to adopt out there?
Are these companies just trying to jump onto the bandwagon before getting left behind?
Good companies will not support a coin that already has 650000 sitting in the hands of criminals, right? Or are they good companies?
Am i not right in saying that, other coins had a more fair distribution, did not have a huge chunk end up in criminal hands, is more easy to maintain in terms of cost, is also just as secure from hackers, has more features to offer, has a fast growing user base, has a growing developer base, has better coin foundation rules, gives all foundation members equal voting rights, does not require expensive foundation fees, has a dedcicated security and support team, and last but not least allows 650000 coins to disappear and not have a FUCKING!!! backup plan. After all if we are to expect it to be the coin of the future and to be used as a means of everyday exchange, surely there must be measures to protect people when they have coins stolen from them. Peoples lives will get turned upside down if this is to be the coin of the future.

Now how many will come to adopt bitcoin if this goes on?
In simple terms, developers out there who are working on their coins let us try to come up with something better for the people of the world. The world needs it
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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 22/07/2014, 20:40:31 UTC
To all creditors -
Anyone attending the mtgox creditors meeting?
Well if you are then as a creditor you should opt to take the best deal that anyone has to offer and not just what the liquidator is trying to put through.

You should consider the deal that Bitocean and others are offering. Creditors must gain the max benefit from the loss that they have suffered

Remember, support the return of creditors bitcoins.

Good luck to all going to the meeting and have a safe journey.
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Board Altcoin Discussion
Topic OP
NEW-S UPDATE
by
buzzcoin
on 18/07/2014, 10:37:17 UTC
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Topic
Board Announcements (Altcoins)
Re: HoboNickels - HBN - Fast High Reward PoS - Advanced Wallet - Fun Community. V1.4
by
buzzcoin
on 18/07/2014, 10:22:11 UTC
Hi tranz, thanks for your ongoing input into Nickels, we are glad that Nickels has a dev like you.
Going forward we need to think of Nickels as an early competitor like the way websites were in the 90's when the internet was born.
Who won and who lost were the guys that came up with the best ideas to get traffic and today the end result is GOOGLE.

As we can see that all the other alts are trying different ideas to capture the crowd. Anybody here or outside this forum is helping if they are positively promoting Nickels. That for starters is what we need. Positive promotion.

We need to look at what features that a wallet needs to have to make it easy to intergrate with websites.

The wallet could have a chat/social platform were users can tip

I have seen cloakcoin with its own trading platform in the wallet

The key to any coins success right now is the ability to create a killer wallet and market the coin like storm.

I think I have said this somewhere. Marketing can make or break.
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Topic
Board Bitcoin Discussion
Re: Mtgox News
by
buzzcoin
on 16/07/2014, 17:43:20 UTC
Greetings bittalkers,
We are all aware of the creditors meeting around the corner. People from all over the globe who have a vested interest in this must go if it is going to help them and all those creditors that cannnot make it there. We must be there for the entire bitcoin community. For all that supported bitcoin and lost and have bitcoins tied up in gox.

I also say that the creditors need to stand together on the issue of the remaining bitcoins. I believe most of you out there and also urge each to do this: Ensure that all those bitcoins in gox are not sold off to pay off creditors but rather agree with the plan to have the bitcoins distributed to its creditors.
Supporting the bitocean/atlas plan might be the more feasible way for all creditors to recover all that was lost.
For anybody wishing to take payment in dollars they must consider the loss that all bitcoin holders will suffer from the sale and distribution of the coins. These coins will be sold off like dirt and it could also affect the entire bitcoin community.

Proceeds from liquidations never ever make up for creditors losses, so don't let anyone convince otherwise.
The very workings of bitcoin and design of it was to be such that no person have control over it except its owner and here we have 200000 of it in the hands of a liquidator. Bitcoin must not be controlled by anybody but by the owners of bitcoins themselves.

SO I SAY TO ALL BITCOINERS " LETS STAND TOGETHER" AND CREATE A REAL "DEMOCRATIC AND DECENTRALISED CURRENCY"